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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #53,981
  • Feb 4, 2010 1:35pm Feb 4, 2010 1:35pm
Quoting yarin
125.0?

Quoting nasir.khan
Half closed rest on BE sir.

Thanks.
How did your Eur/Jpy trades turn out guys? Just curious.
Indicators show the past. Price Action "Indicates" the future.
  • #53,982
  • Feb 4, 2010 1:42pm Feb 4, 2010 1:42pm
Quoting mbqb11
well I wanted some sleep and let the better of my "prediction" abilities take over and closed out at the prior low.

Hope some of you stuck it out though and took more then myself!

Mike
It's better to trade your plan than to not have a plan brother! You know that and that's why you closed where you did.

If you fail to plan, people, you plan to fail. That's a promise from me to you, and I don't break my promises.
I dream, therefore I become.
  • #53,983
  • Feb 4, 2010 1:54pm Feb 4, 2010 1:54pm
Quoting jarroo
How did your Eur/Jpy trades turn out guys? Just curious.
150X2. on EJ and 170X2 on GJ. and many more in cable, oil and gold.
  • #53,984
  • Feb 4, 2010 1:55pm Feb 4, 2010 1:55pm
Quoting nasir.khan
150X2. on EJ and 170X2 on GJ. and many more in cable, oil and gold.
Well done. Sounds like a good day.
Indicators show the past. Price Action "Indicates" the future.
  • #53,985
  • Feb 4, 2010 1:58pm Feb 4, 2010 1:58pm
Quoting nasir.khan
150X2. on EJ and 170X2 on GJ. and many more in cable, oil and gold.
Boy that Underachiever impressed me today.
  • #53,986
  • Feb 4, 2010 2:03pm Feb 4, 2010 2:03pm
Quoting ppfx
well i was short on EU, GU and EJ and i closed them all a few hours ago ... i didnt get too much pips on them but hey profit is profit right? even if it is a small one

the thing that angers me most is that i closed EJ manually after 100 pips instead of letting it go as i predicted (put a TP at 122.20)
so i have collected 100pips instead of 400 !!!! it would be better if i would be away from my computer and if it would be a TP a would have a nicer...
Hi ppfx,

I did the same on the GJ. Closed it at a profit of 100 pips and then it nosedived after.
Any ideas on a beter S/L policy in the circumstances. I work during the day and can only get minimal screen time during the working day.
"Fail to prepare, prepare to fail."
  • #53,987
  • Feb 4, 2010 2:03pm Feb 4, 2010 2:03pm
Quoting mike w
If you fail to plan, people, you plan to fail.
I think I'm slowly beginning to see this. Hopefully, I don't need another butt kicking by the market to figure it out.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #53,988
  • Feb 4, 2010 2:07pm Feb 4, 2010 2:07pm
Quoting jarroo
Well done. Sounds like a good day.
Yep tons of virtual money.btw trigger doubled his acount again today.( I guess)
  • #53,989
  • Feb 4, 2010 2:09pm Feb 4, 2010 2:09pm
WOW

just being off of PC for a few hours, open my charts and see all the action

those trade are on a demo account is just a project/test of an more agressively approach of taking a trade

tomorrow it will be the big day,NFP is not your enemy I see those kind of news as a extra fuel to price, it only gives speed to price to get where is "supposed" to go.

PS: I will post at end of each month the statement, of growing this account,lets see what can we get of it.

for the ej I'm targeting 113.60 as I sayed in this post http://www.forexfactory.com/showpost...ostcount=53900

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  • #53,990
  • Feb 4, 2010 2:18pm Feb 4, 2010 2:18pm
Quoting packhorse
Hi ppfx,

I did the same on the GJ. Closed it at a profit of 100 pips and then it nosedived after.
Any ideas on a beter S/L policy in the circumstances. I work during the day and can only get minimal screen time during the working day.
well the best is to take partial profit move stops to breakeven and then let the rest go
  • #53,991
  • Feb 4, 2010 2:20pm Feb 4, 2010 2:20pm
and here are few more, I have posted them when I pulled the trigger yesterday

+2300pipsi and this is just the first week....and still counting

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  • #53,992
  • Feb 4, 2010 2:20pm Feb 4, 2010 2:20pm
Quoting packhorse
Hi ppfx,

I did the same on the GJ. Closed it at a profit of 100 pips and then it nosedived after.
Any ideas on a beter S/L policy in the circumstances. I work during the day and can only get minimal screen time during the working day.
hey guys please don't start to mess around with you trade management plans just only because they moved 100-200 pips more then it often does.what happened today happens 1 out of 10 times. So tell me would you tailor you MM and trade management style accordingly to what happens 9 times or to what happens just once out of 10.keep doing what you do. :thumsup:
  • #53,993
  • Feb 4, 2010 2:22pm Feb 4, 2010 2:22pm
Quoting nasir.khan
hey guys please don't start to mess around with you trade management plans just only because they moved 100-200 pips more then it often does.what happened today happens 1 out of 10 times. So tell me would you tailor you MM and trade management style accordingly to what happens 9 times or to what happens just once out of 10.keep doing what you do. :thumsup:


well said!
  • #53,994
  • Feb 4, 2010 2:24pm Feb 4, 2010 2:24pm
Quoting nasir.khan
Yep tons of virtual money.btw trigger doubled his acount again today.( I guess)
LOL

actually it's up by 600%
  • #53,995
  • Feb 4, 2010 2:25pm Feb 4, 2010 2:25pm
Quoting nasir.khan
hey guys please don't start to mess around with you trade management plans just only because they moved 100-200 pips more then it often does.what happened today happens 1 out of 10 times. So tell me would you tailor you MM and trade management style accordingly to what happens 9 times or to what happens just once out of 10.keep doing what you do. :thumsup:
Good point. Must keep to the plan, and at the end of the day, still 100 pips in profit.
"Fail to prepare, prepare to fail."
  • #53,996
  • Feb 4, 2010 2:30pm Feb 4, 2010 2:30pm
Quoting benji533
Hey buddy,

Personally I would prefer a big PA bar off the 2.0000 level
(added the 365ema for those who like it as an additional conflu)

Ben
yep it did go to the 2.000 mark and took me out,on this trade I use a very tight Sl but they have a very HIGH r:r, and you could still be profitable with only 37% win rate

wish you the best and glad to see you around
  • #53,997
  • Feb 4, 2010 2:37pm Feb 4, 2010 2:37pm
on all the trades that I'm in, I didn't close them because what I saw on the higher TF weekly/montly

just look at them you must see it ......just a hint: SPACE if it tell you something.

higher TF rocks guys

always be "aware" of them

wish you the best!!
  • #53,998
  • Feb 4, 2010 2:43pm Feb 4, 2010 2:43pm
Quoting triger88990
WOW

just being off of PC for a few hours, open my charts and see all the action

those trade are on a demo account is just a project/test of an more agressively approach of taking a trade

tomorrow it will be the big day,NFP is not your enemy I see those kind of news as a extra fuel to price, it only gives speed to price to get where is "supposed" to go.

PS: I will post at end of each month the statement, of growing this account,lets see what can we get of it.

for the ej I'm targeting 113.60 as I sayed in this post http://www.forexfactory.com/showpost...ostcount=53900...
at the end of the month I will post one also lets see. :grin...................................................113 looks obvious for EJ but it won't be in a straight line bro there will be many pullbacks this how it should be, other wise you can't keep the figure on 95%. lolsorry guy postig from a mobile so no space no smilies.
  • #53,999
  • Feb 4, 2010 2:50pm Feb 4, 2010 2:50pm
Quoting triger88990
and here are few more, I have posted them when I pulled the trigger yesterday

+2300pipsi and this is just the first week....and still counting
Lol, nice bunch of trades there, triger! Are these demo trades, or live ones? How tight are your stoplosses on trades like these, if you don't mind me asking?
It's not about how much you make, it's about how much you don't lose.
  • #54,000
  • Feb 4, 2010 2:51pm Feb 4, 2010 2:51pm
Missed most of the action today cos of the day job....hmmm trading today would have paid more I feel!

Looking at the daily charts...there are so many pairs at interesting areas...I've attached a few of them

1. UC - triple bar high
2. GU - if it breaks 13/10/09 low then there is a lot of space
3. EU - sitting on 50% fib and PPZ area right now
4. AU - PPZ area
5. NU - bottom of channel
6. UCHD - into congestion area
7. EJ - 61 fib and PPZ
8. GJ - Lots of bar lows - PPZ
9. AJ - PPZ
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