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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

  • #68,181
  • Jul 8, 2010 6:03am Jul 8, 2010 6:03am
Quoting Pinbar
....
Even the H4 has a BEOB PB type looking bar.
SC, I take it we can not consider this a PB because the close is outside the left eye?
good observation
yes, it's an outside bar... i call it a PB/BEOB hybrid.
even jarroo likes it.

Jonnyislost's 1.5120ish PPZ is tough
  • #68,182
  • Jul 8, 2010 6:20am Jul 8, 2010 6:20am
Quoting supremeChaos
good observation
yes, it's an outside bar... i call it a PB/BEOB hybrid.
even jarroo likes it.

Jonnyislost's 1.5120ish PPZ is tough

Thanks for the info SC.

Wow, Jarroooooooo's favorite bar.
  • #68,183
  • Jul 8, 2010 6:28am Jul 8, 2010 6:28am
Quoting trade price
Gu 4 hour TF.
Thanks for dropping by, Sho
  • #68,184
  • Jul 8, 2010 6:42am Jul 8, 2010 6:42am
Quoting supremeChaos
try FXPro demo. it has a 5pm New York close.
it's Free. i love freebies too http://cdn.forexfactory.com/images/s...m/big_grin.gif
Thanks for this really appreciate it.... gonna set that up now...
  • #68,185
  • Jul 8, 2010 7:35am Jul 8, 2010 7:35am
Quoting novice198
MktScape,
The J16 manager is asking for manual confirmation, which should be unchecked for the EA to close position automatically. Pic attached.

Cheers
Novice 198

PS Allow DLL should be checked.
Thanks for the hint mate ..... much appreciated. I'll uncheck the ask for confirmation option and i am quite sure it should work now.

Cheers
  • #68,186
  • Jul 8, 2010 8:24am Jul 8, 2010 8:24am
Quoting supremeChaos
this is a uber-fast thread, huh?
did u take this trade?
well i checked the live chart, i was about to say 1.0470 area is possible immediate traffic area. price is hovering around there now.
next would be around 1.0400.
pretty choppy pair, though.

i know u did not mention it, but just to be clear, there is no MACD divergence.

Welcome to the thread!

Thanks supremeChaos, didn't think anyone would come across the post, its my first post after having followed the thread for the past year. being a junior doesn't help in posting either, as you said this thread moves super fast.

anyways regarding the trade, yes i did enter the trade at 1.0460, will prob take half off at 1.0360, still a novice, so my skills in trade mgmt are pretty poor, hopefully will pick up as i trade a small live account and follow the seniors in this thread...
and yes u r right about no macd diverg. i am managing this trade pretty closely.
  • #68,187
  • Jul 8, 2010 8:49am Jul 8, 2010 8:49am
eur/jpy
buob in continuation.
still about 100 pips till the fta.
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meine augen sind die sterne
  • #68,188
  • Jul 8, 2010 9:16am Jul 8, 2010 9:16am
I only held this to 1.7500

triple bar high/beob, divergence, 1.8

anyone hold this further to the next PPZ?
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  • #68,189
  • Jul 8, 2010 9:19am Jul 8, 2010 9:19am
Pinbar on 30 min... very small... but loved the location... top of a bearish wedge, and exactly at Big round number... Did a touch trade on it as it hit 12700, now at breakeven and it has turned into a pinbar. (but very small ) BE at the min.
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  • #68,190
  • Jul 8, 2010 9:26am Jul 8, 2010 9:26am
Hi Guys, Just though id post a fantastic article i found on how to increase trader performance..just like an athlete or professional master chess player. Very interesting..

http://www.brettsteenbarger.com/Impr...erformance.doc

All free articles n stuff on his main page..
  • #68,191
  • Jul 8, 2010 9:27am Jul 8, 2010 9:27am
Quoting Adilius07
This is not even funny how powerful these few simple setups are.

I picked them up from this same thread, a few weeks ago and now I have FIVE huge wins in a row. Even though I closed them the very next day compared to my previous 5min trading they are HUGE I can only wonder what you guys make per month applying all strategies and holding a position for weeks...

So happy to find this thread, and it is my honour to be here. Thank you!!!
good stuff adilius, just take it slow and stick to that post 1 from Mr. James
  • #68,192
  • Jul 8, 2010 9:28am Jul 8, 2010 9:28am
Quoting Jonnyislost
This one looks good for some pips but personally I can't justify trading with the barrage of red folder news coming out today..
what news

Trust your setups, after years and years of glimpsing out news calendars. This stuff is powerful enough trust me and my time wasted

I should edit and add that it isn't worth just glimpsing and seeing red and bailing. Johnny knows his stuff, and I tell him to trust that cause I see him and how good he has gotten with this material. For those that use fundies, don't not if you find it ADDS value. Only keep things that are truly adding value to ones trading.

Get em J
  • #68,193
  • Jul 8, 2010 9:35am Jul 8, 2010 9:35am
Quoting mbqb11
I only held this to 1.7500

triple bar high/beob, divergence, 1.8

anyone hold this further to the next PPZ?

Only 500 pips Mike? Just another day at the office huh? LOL!! Just when I think I'm doing good, you go posting a trade that I can only dream of. Awesome brother! You are the master in my estimation. Thanks for the chart.

K.I.S.S.
  • #68,194
  • Jul 8, 2010 9:51am Jul 8, 2010 9:51am
Quoting KissFan
Only 500 pips Mike? Just another day at the office huh? LOL!! Just when I think I'm doing good, you go posting a trade that I can only dream of. Awesome brother! You are the master in my estimation. Thanks for the chart.

K.I.S.S.
Kiss my friend

Thanks but many of you blow me out of the water. I just plug along


Pop in more bud!
Mike
  • #68,195
  • Jul 8, 2010 10:09am Jul 8, 2010 10:09am
Quoting mbqb11
what news

Trust your setups, after years and years of glimpsing out news calendars. This stuff is powerful enough trust me and my time wasted

I should edit and add that it isn't worth just glimpsing and seeing red and bailing. Johnny knows his stuff, and I tell him to trust that cause I see him and how good he has gotten with this material. For those that use fundies, don't not if you find it ADDS value. Only keep things that are truly adding value to ones trading.

Get em J
Haha I just can't do it yet Mike
But actually usually I pay very little attention to the calender and a single red news is not enough to scare me out of a trade. But today there was 5 or 6 red events within a couple of hours, and I really expected price to act like a ball in a pinball machine.
Somehow I know you're right, but if I have to learn the hard way, so be it

Thanks for the comments!

J
  • #68,196
  • Jul 8, 2010 10:11am Jul 8, 2010 10:11am
Hey Mike,

Where did you enter on this chart? Was it a touch trade? or did you enter on a lower timeframe?
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  • #68,197
  • Jul 8, 2010 10:16am Jul 8, 2010 10:16am
Quoting tubguy
Hey Mike,

Where did you enter on this chart? Was it a touch trade? or did you enter on a lower timeframe?
Hey Texas Tub

I entered under the low of the BEOB(one with the arrow). I made a video of this live in the PF check it out

Best
Mike
  • #68,198
  • Jul 8, 2010 10:29am Jul 8, 2010 10:29am
Quoting mbqb11
Hey Texas Tub

I entered under the low of the BEOB(one with the arrow). I made a video of this live in the PF check it out

Best
Mike
Thanks Mike,
Thats what I suspected but wanted to be sure. I'll be sure to check it out.
I love those videos.
  • #68,199
  • Jul 8, 2010 10:38am Jul 8, 2010 10:38am
Quoting mbqb11
Hey Texas Tub

I entered under the low of the BEOB(one with the arrow). I made a video of this live in the PF check it out

Best
Mike
true to the way you always play............at the break.
On hindsight one could wait for a retracement after the BEOB (see how price reaches the low of previous 2 bars before shooting down again, Jaroo will attest to this kind of price behaviour lol)
  • #68,200
  • Jul 8, 2010 10:44am Jul 8, 2010 10:44am
Quoting ertorque
true to the way you always play............at the break.
On hindsight one could wait for a retracement after the BEOB (see how price reaches the low of previous 2 bars before shooting down again, Jaroo will attest to this kind of price behaviour lol)
Yes this one retraced to the perfect area too. There are surely benefits to retracement entries.

Best
Mike
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