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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

  • #63,801
  • May 14, 2010 5:25am May 14, 2010 5:25am
cool, jon

Quoting g_j_hook@yah
looks good and i would like it also if the gb decides to pull back today..?? it jus doesnt seem to want to. be carefull of being brought into the trade by a few pips here just to see it go the other way... maybe a trade from the retest(if it happens might be a safer trade in this situation..??
jus my thoughts, i hope it helps

jon

EDIT: although that 145.00 is a strong level...???
  • #63,802
  • May 14, 2010 5:27am May 14, 2010 5:27am
Quoting Pinbar
Yeah....Lol

I did but my TS got hit and I don't like re entering trades.

Still, I traded a full lot and after scaling out, I came out of it with a 7% increase in my account in that one trade alone.
Maybe a full lot is what made me trail it too tight.

Wow, you may want to take a closer look at your money management. Are trading 1% or 2%? Demo trading of course?
Indicators show the past. Price Action "Indicates" the future.
  • #63,803
  • May 14, 2010 5:29am May 14, 2010 5:29am
Quoting jarroo
Wow, you may want to take a closer look at your money amnagement. Are trading 1% or 2%? Demo trading of course?

Nope, it was one of my live accounts.

I had already had enough wins this month to cover it but I was not going to let it bite me in the butt.
  • #63,804
  • May 14, 2010 5:30am May 14, 2010 5:30am
Quoting jarroo

(No more "Not worthy" smiley faces please. thx)
I never understand why it's called "not worthy".
.
  • #63,805
  • May 14, 2010 5:30am May 14, 2010 5:30am
Quoting Atc
As you probably saw...these were not A+ trades...however my experience has taught me that I need to let the trade breath, with that said my stop loss on the CHF/JPY was higher than most in addition to needed get some sleep.

Also, it appeared to me that the CAD/JPY PB had that "cherry picker" look to it so was rated higher probably IMO...so lot size was larger.

I am truly indebted to you-Jarroo, the seniors(to many to mention) and all of you here for improving my trading...my trading has become more fun...able to trust what I see...sleep well...more...

That's great Bill.

I glad you brought them up. It brought about a good discussion.

That "cherry picker look" . . I like it. lol
Indicators show the past. Price Action "Indicates" the future.
  • #63,806
  • May 14, 2010 5:33am May 14, 2010 5:33am
Quoting nasir.khan
I never understand why it's called "not worthy".
.

Wayne's World . . Wayne's world . lol
Indicators show the past. Price Action "Indicates" the future.
  • #63,807
  • May 14, 2010 5:34am May 14, 2010 5:34am
Can i go against this I4B??

Yea i will.
.
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  • #63,808
  • May 14, 2010 5:43am May 14, 2010 5:43am
WHY DO PEOPLE BELIEVE THAT KIND OF JUNK???

http://www.forex-killer.com/?hop=jlandau80
  • #63,809
  • May 14, 2010 5:48am May 14, 2010 5:48am
Quoting (Yaniv)
WHY DO PEOPLE BELIEVE THAT KIND OF JUNK???

http://www.forex-killer.com/?hop=jlandau80
Because, everyone wants to get rich quick and they actually believe they can because, They want to believe it.
Just the suit turned me off. If it was so easy, why does he need to wear a suit. LoL


Incidentally, that guy in the suit on the add has been proven to be a small part actor. I read that a couple of years ago


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  • #63,810
  • May 14, 2010 6:23am May 14, 2010 6:23am
Quoting Pinbar
Because, everyone wants to get rich quick and they actually believe they can because, They want to believe it.
Just the suit turned me off. If it was so easy, why does he need to wear a suit. LoL


Incidentally, that guy in the suit on the add has been proven to be a small part actor. I read that a couple of years ago
It's so sad that people buy this kind of BS.
  • #63,811
  • May 14, 2010 6:38am May 14, 2010 6:38am
Quoting jarroo
Just understand that the location of the BEOB is not the ideal. They can be risky as a continuation play.
Doesn't this go against, the trend is your friend idea? What makes it more risky as a continuation formation than as a reversal? Pure statistics?

(Not arguing, just wondering)
  • #63,812
  • May 14, 2010 6:59am May 14, 2010 6:59am
Hi, Guys, I want to learn being picky too, but, there are quite a lot price action developing in H4 now. I don't post charts for the moment. but, the quiet situation here makes me doult if I am reading the tape correctly
  • #63,813
  • May 14, 2010 7:00am May 14, 2010 7:00am
Here's one !
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  • #63,814
  • May 14, 2010 7:01am May 14, 2010 7:01am
Quoting jeurre
Hi, Guys, I want to learn being picky too, but, there are quite a lot price action developing in H4 now. I don't post charts for the moment. but, the quiet situation here makes me doult if I am reading the tape correctly
there goes that eu/gb bar you mentioned...did you take it???
145.00 did what it does and off it goes.... i think we might be able to look forward to the .85 RN now...????


jon

EDIT: i took it on my demo as im not gonna be around much today, but when i saw gb retrace/reverse i thought i would take the plunge.
PATIENCE... DISCIPLINE
  • #63,815
  • May 14, 2010 7:07am May 14, 2010 7:07am
yes, jon, I am in

I am also looking at below pairs

eurjpy has too a small size, will revisit after closing of the session


Quoting g_j_hook@yah
there goes that eu/gb bar you mentioned...did you take it???
145.00 did what it does and off it goes.... i think we might be able to look forward to the .85 RN now...????


jon
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  • #63,816
  • May 14, 2010 7:09am May 14, 2010 7:09am
another one looks promising
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  • #63,817
  • May 14, 2010 7:16am May 14, 2010 7:16am
Quoting (Yaniv)
It's so sad that people buy this kind of BS.

Not so sure it is, those are the people who's money we are earning. LoL
  • #63,818
  • May 14, 2010 7:19am May 14, 2010 7:19am
testing .855 now, wondering if should exit the position, couldn't feel the moment is with me.

Quoting g_j_hook@yah
there goes that eu/gb bar you mentioned...did you take it???
145.00 did what it does and off it goes.... i think we might be able to look forward to the .85 RN now...????


jon

EDIT: i took it on my demo as im not gonna be around much today, but when i saw gb retrace/reverse i thought i would take the plunge.
  • #63,819
  • May 14, 2010 7:21am May 14, 2010 7:21am
Long entry is triggered. Am I setting it to BE too early?

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  • #63,820
  • May 14, 2010 7:25am May 14, 2010 7:25am
Quoting jeurre
another one looks promising
personally i wouldnt be long the eu right now but that is jus me. i am allready short eu/us gb/us and eu/yen(all week ). i closed my other yen shorts as they were a little slow. my gold long seems safe enough right now so im not in a rush to open anything more...
also the gb/chf always confuses me as i dont watch it much so im staying out of that also.

good luck man

jon
PATIENCE... DISCIPLINE
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