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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

  • #63,841
  • May 14, 2010 9:51am May 14, 2010 9:51am
Quoting slade1986
Spent the week just trying to project where price was going. Wish it was live...
That's how to go
  • #63,842
  • May 14, 2010 9:57am May 14, 2010 9:57am
simple PA + PPZ
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Simplicity is the key to success
  • #63,843
  • May 14, 2010 9:57am May 14, 2010 9:57am
Quoting Jduester
I've never found a website that can beat/match the book prices found on www.half.com new or used. Haven't visited betterworldbooks before though..

Reading Al Brooks' book now. Let's just say "enlightening!"
Would you recommend reading that book Josh? I've got it as an ebook and keep thinking I must start to read it...
  • #63,844
  • May 14, 2010 9:57am May 14, 2010 9:57am
Quoting nasir.khan
Can i go against this I4B??

Yea i will.
.

How's that going??? Looking good!
  • #63,845
  • May 14, 2010 10:10am May 14, 2010 10:10am
yikes, markets are moving today. Looks like the dow is headed for another beastly plunge.
Many choose unhappiness over uncertainty.
  • #63,846
  • May 14, 2010 10:13am May 14, 2010 10:13am
Taking profit on the USD/CAD trade at the 38.2% retracement and at 4HR Res. Only reason is because I have to leave. The other factor on the exit was Crude Oil hitting the M1 reversal pivot point for the day

Have a great weekend.

Cheers...
Live to trade another day...
  • #63,847
  • May 14, 2010 10:21am May 14, 2010 10:21am
Quoting slade1986
Spent the week just trying to project where price was going. Wish it was live...
sooner or later, it will be on live.
Just keep at it.
  • #63,848
  • May 14, 2010 10:30am May 14, 2010 10:30am
Quoting (Yaniv)
We just have to wait in order to get the right PA.

Price closed as i wanted so we got a 32H BEOB.

I test this thing on demo so i'm in it and will keep it open despite the weekend.

FTA is about 80 pips from entry point.

Yaniv
No need to wait for the weekend , price had just hit FTA.

Took full profit.

Hope you will all have a great weekend

Yaniv
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  • #63,849
  • May 14, 2010 11:01am May 14, 2010 11:01am
Quoting Danku
hey Dan....hope you well.....sorry about your this week trading but do you have weekly targets on number of trades on number of pips.............just trying to understand what you mean by no good signals this week yet i see some good ones around..........cheers.....
You may have seen something, but it was not within my standards. Different people trade differently. I'm not going to try and find a reason why I had a down week, it happens. It is part of trading. To be honest, I think I did everything right this time! Things just didn't work out. 1% of my losses was because price missed the first target literally by 1 pip, and I had to kill the trade manually at a 1% loss, instead of B/E like it was supposed to be. I like how most people assume that if you aren't making money everyday you're doing it wrong - that is not true. I'm happy to take my loss for the week, and start looking for more opportunity next week.

Also, no one here will ever say they lost money, which is hilarious. If anything, I would say that the FTA getting missed by 1 pip leading to a 1% loss on that trade, but combined with the fact that I knew to kill it, makes me happy to know I'm progressing further. Preventing a full bar loss is my main effort at the moment.
Many choose unhappiness over uncertainty.
  • #63,850
  • May 14, 2010 11:26am May 14, 2010 11:26am
Quoting slade1986
USDCAD trade working out. Comments on PPZ's I have marked and overall trade, Please.

Thanks!
very nice slade, glad to see you get your stop loss to b/e very quickly, we are now at a more major trouble area, and up into 1.05

Well done

Mike

A side note guys, please do not post other peoples copyrighted information or how to get it. We do not condone that stuff here and it's just not right. Trust me when your on the other end of the stick.
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  • #63,851
  • May 14, 2010 11:33am May 14, 2010 11:33am
Quoting mbqb11
very nice slade, glad to see you get your stop loss to b/e very quickly, we are now at a more major trouble area, and up into 1.05

Well done

Mike

A side note guys, please do not post other peoples copyrighted information or how to get it. We do not condone that stuff here and it's just not right. Trust me when your on the other end of the stick.

Thanks Mike, I closed the balance of the trade just short of 100 pips. Using that EA has really helped me take the emotion out of my trades. May miss out on some of the runners though.

Now I just need a 3-6 months consistent and I'll be upgrading from micro/demo to live.
  • #63,852
  • May 14, 2010 11:35am May 14, 2010 11:35am
Quoting slade1986
Thanks Mike, I closed the balance of the trade just short of 100 pips. Using that EA has really helped me take the emotion out of my trades. May miss out on some of the runners though.

Now I just need a 3-6 months consistent and I'll be upgrading from micro/demo to live.
That's what it is all about I wish everyone would stop trading live and go through theses steps. You will come out much better in the long run. After all isn't that why we do it to be here in the long run

Keep it up
Mike
  • #63,853
  • May 14, 2010 11:37am May 14, 2010 11:37am
Quoting Dan Gilbert

Also, no one here will ever say they lost money, which is hilarious. .
Dan, I have lost money. However, as you know it is part of the game.

My week was fairly lame until yesterday. I'm sure everybody knows here how it goes.

To all have a great weekend and in the meantime I need to practice, practice, practice.....to let my runners run---my handicap.
  • #63,854
  • May 14, 2010 11:42am May 14, 2010 11:42am
well jus come back home and im glad things have gone our way today!! there has been some nice trades this week guys eh!?!?
have a good weekend yawl

jon
PATIENCE... DISCIPLINE
  • #63,855
  • May 14, 2010 12:23pm May 14, 2010 12:23pm
Place a trade today: USD / CAD
I have two positions open at 1.0234, just above the maximum pinbar yesterday, with divergence and ppz.
Both SL 1.0201 (minimum of current day).
1 position tp 1.0264;
2 posizone 1.0331 tp with trailing stop of 25 pips.
Result:
- the first position hit the target;
- stop from second place trailing stop at 1.0243.
What do you think seniores (mostly Mike)?

(I try to learn)
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  • #63,856
  • May 14, 2010 12:24pm May 14, 2010 12:24pm
Hi...

LOL I'm on page 144 and it took me 2 weeks to get there and there is another 4k but it s absolutely worth reading...just made 350 pips this week (7-8 % account growth) with 80+ win % on 4H TF's - lolll I ve never been able to do that before.

Thanks Jim (and ofcourse cannot forget realy good work of some traders around here - mbq11,habeeb and others)
  • #63,857
  • May 14, 2010 12:49pm May 14, 2010 12:49pm
cheers Dan....obviously different strokes for different folks.....i also make losses and when i do analysis over the weekend...i actually see how silly i was to take some trades..........for me week has been nice up sme good %...nice weekend guys/gals.........

Quoting Dan Gilbert
You may have seen something, but it was not within my standards....
  • #63,858
  • May 14, 2010 12:59pm May 14, 2010 12:59pm
Quoting extraneo
Place a trade today: USD / CAD
I have two positions open at 1.0234, just above the maximum pinbar yesterday, with divergence and ppz.
Both SL 1.0201 (minimum of current day).
1 position tp 1.0264;
2 posizone 1.0331 tp with trailing stop of 25 pips.
Result:
- the first position hit the target;
- stop from second place trailing stop at 1.0243.
What do you think seniores (mostly Mike)?

(I try to learn)

Looks good E

Here was my chart with some trouble areas as well they look like yours

http://www.forexfactory.com/showpost...ostcount=63852
  • #63,859
  • May 14, 2010 1:00pm May 14, 2010 1:00pm
Quoting Danku
cheers Dan....obviously different strokes for different folks.....i also make losses and when i do analysis over the weekend...i actually see how silly i was to take some trades..........for me week has been nice up sme good %...nice weekend guys/gals.........
yeah, I love to look at the weekend as a good opportunity to highlight what I want to do within the next week. But I still don't see anything silly on my 3 trade attempts of this week. I like it
Many choose unhappiness over uncertainty.
  • #63,860
  • May 14, 2010 1:08pm May 14, 2010 1:08pm
Quoting mbqb11
Looks good E

Here was my chart with some trouble areas as well they look like yours

http://www.forexfactory.com/showpost...ostcount=63852

Thanks Mike
.. perhaps begin to learn something ...
In your opinion, was correct position the SL to the minimum these days?
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