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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

  • #62,541
  • May 3, 2010 3:08am May 3, 2010 3:08am
Ghous,Bundyraider etc
Please can you kindly post the properties of the J16 EMA's and how to set them? Thanks
  • #62,542
  • May 3, 2010 3:14am May 3, 2010 3:14am
jeffokes,
what do u mean?

for MT4/MT5
for an EMA...
in the indicators section, look for 'Moving Average'... with such settings:
set 'Period' to whatever value u like (150, 200, 365 etc)
set "MA Method" to 'exponential'
set 'apply to' to 'close'
  • #62,543
  • May 3, 2010 3:16am May 3, 2010 3:16am
Quoting jeffokes
Ghous,Bundyraider etc
Please can you kindly post the properties of the J16 EMA's and how to set them? Thanks
365 and 150 period exponential MA applied to close.

http://screencast.com/t/NGRiZjI1NT
  • #62,544
  • May 3, 2010 3:20am May 3, 2010 3:20am
Quoting supremeChaos
jeffokes,

set 'Period' to whatever value u like (150, 200, 365 etc)
Thanks Supremechaos and Neutro for your assistance. I want to study the J16 EMA's, I know there are three EMA's and the values used include 365,150 but the third I am not sure of...is it 200 or 50 or something else?
  • #62,545
  • May 3, 2010 3:35am May 3, 2010 3:35am
Hello jeffokes,
from what i know it's 150, 200, 365ema.
  • #62,546
  • May 3, 2010 3:40am May 3, 2010 3:40am
Quoting supremeChaos
Hello jeffokes,
from what i know it's 150, 200, 365ema.
Thanks alot!!!
  • #62,547
  • May 3, 2010 4:00am May 3, 2010 4:00am
Virtually no PAs today so far...not even a B setup for me... by the way, Greece got bailout. Euro rising?
  • #62,548
  • May 3, 2010 4:19am May 3, 2010 4:19am
Quoting bundyraider
Hi Slade. Trade what YOU see. Totally ok.
Thank you bundyraider.

I took the trade with the break at 1.3473 and set the limit at 1.3436. Closed when I arose this am.
  • #62,549
  • May 3, 2010 5:04am May 3, 2010 5:04am
I have Dealbook 360 - have not found a way like MT4 of screen capture.

I use "print screen" - top row of the key board and paste the image into photoshop.
Then I have to crop the image to show the chart, resize and save for the web.

A lot of messing but it does produce a chart image I can post.
  • #62,550
  • May 3, 2010 5:17am May 3, 2010 5:17am
six gun, if you are using Windows 7, you have a snipping tool (just type 'snipping' in the 'Start search box' and then capture anything. It's much easier than the way you described.
  • #62,551
  • May 3, 2010 5:40am May 3, 2010 5:40am
Mike, can you please comment on this setup. Any reasons for not taking it?
Attached Image
  • #62,552
  • May 3, 2010 5:48am May 3, 2010 5:48am
glad i took this one... stops are already at BE and part of the position is closed

now i can look at the UJ weekly IPB and try to enter short on the retrace of the fridays daily pin, like i did on the EJ

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  • #62,553
  • May 3, 2010 6:00am May 3, 2010 6:00am
Hi, people

I am new to FF as a member but not as a reader.
Actually, I have been reading and trying to absorb the thread since December of last year and Finally got to the end.
It was tough as, this is quite rightly a popular thread and pages would appear almost as fast as I was reading them, I got the better of you on weekends though. LoL

Have demo traded for almost 3 months with good but not brilliant results, that said the account has increased by 15% in the latter half of my trading, probably because I learned to not jump on every PB, IB & BOB I saw, but wait for price to reach confluence areas of MAs, fibos, trend lines & Round numbers before jumping on board.

Thanks for a great thread and good rules of entry, exit and MM.


Anyway, I am looking at the weekly PB on UJ that someone mentioned and wondering if we should look for entry on the H4 TF and possibly take this Reverse Head & shoulders as an indication of a bullish attitude.
Even though, I know we really want to see R H&S at the bottom of a downtrend?

Any thoughts on this? Comments both good and bad welcome.

Thanks in advance.
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  • #62,554
  • May 3, 2010 6:07am May 3, 2010 6:07am
Quoting StoragePro
I think you are missing my point Dan. But thanks for participating.

Here is a question for anyone -

If 95% of traders fail, why is it that 95% of traders here are claiming success? Truth be told.. it ain't being told.
EGO my friend...

btw. in short on fiber @ 1.3353... and verified
  • #62,555
  • May 3, 2010 6:18am May 3, 2010 6:18am
Quoting raczekfx
EGO my friend...

btw. in short on fiber @ 1.3353... and verified
may i ask what fiber is?
  • #62,556
  • May 3, 2010 6:28am May 3, 2010 6:28am
Quoting ppfx
may i ask what fiber is?
EUR/USD
  • #62,557
  • May 3, 2010 6:50am May 3, 2010 6:50am
Quoting mbqb11
Yes these can be tricky. Fridays are notorious profit taking days esp in such a strong trend. If the left eye area can't hold I would expect it to fall. But we really need to monitor these first trouble areas(bluebox) extra close in a strong trending market. I really am never comfortable with small bars trying to turn such a strong trend.

Hope everyone had a nice weekend
Mike
Mike,

You were spot on with this. Guess which fool didn't listen to you? As you said this was a real strong downtrend.

Glynn
"Fail to prepare, prepare to fail."
  • #62,558
  • May 3, 2010 7:44am May 3, 2010 7:44am
Quoting Atc
EUR/USD
thanks ive seen this a few times and didnt know which pair is this
  • #62,559
  • May 3, 2010 7:47am May 3, 2010 7:47am
Quoting ppfx
glad i took this one... stops are already at BE and part of the position is closed

now i can look at the UJ weekly IPB and try to enter short on the retrace of the fridays daily pin, like i did on the EJ

Attachment Attachment
or maybe not if the 4h BUOB on the UJ ends above the previous highs, we could be in an uptrend...

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  • #62,560
  • Edited 9:12am May 3, 2010 8:44am | Edited 9:12am
Anybody paying any attention to the 4hr I4B that formed on AUDNZD that includes the RN 1.27000 (the green bar; also note PB a few bars ago)? Anybody try to play I4Bs on a 4 hr chart? PBs also just formed on the weekly and monthly charts (http://www.forexfactory.com/showpost...ostcount=62463).

Steve0001
Attached Image (click to enlarge)
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