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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

  • #68,601
  • Jul 14, 2010 3:59am Jul 14, 2010 3:59am
Looks like GBPCAD is running pretty well...
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Trading: the skill of avoiding trades
  • #68,602
  • Jul 14, 2010 4:07am Jul 14, 2010 4:07am
Thanks Pinbar for your time in answering that question. I hear you on the waiting for the exact right trades. Just to make it worse I found this ..wait for it.... 1hr pb while reading your post. LOL. No I must not trade it, I must not trade it, lol. Its very tempting to play in part because of the low initial risk. It all comes down to the psychology I suppose. Cheers

SR
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  • #68,603
  • Jul 14, 2010 4:37am Jul 14, 2010 4:37am
Quoting eswap0
Looks like GBPCAD is running pretty well...
Timely get in, but out with the small loss, dam the spread...
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Back to the beginning ... demo
  • #68,604
  • Jul 14, 2010 5:33am Jul 14, 2010 5:33am
h4 pb + AO div
+ CD= 0.75 AD in time and in retracement,,,
=> short triggered... 1st target 75.74 (BE at 76.80)
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  • #68,605
  • Jul 14, 2010 6:27am Jul 14, 2010 6:27am
A setup..
Will come back tomorrow to check out the outcome.
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  • #68,606
  • Jul 14, 2010 6:45am Jul 14, 2010 6:45am
Quoting benji533
A setup..
Will come back tomorrow to check out the outcome.
Nice setup Ben,
Weird how I don't have the divergance though
I've never seen such a difference in feeds before (FxSolutions in this case)
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  • #68,607
  • Jul 14, 2010 7:04am Jul 14, 2010 7:04am
Quoting Jonnyislost
Nice setup Ben,
Weird how I don't have the divergance though
I've never seen such a difference in feeds before (FxSolutions in this case)
MT4 between different brokers is not exactly the same all the time imo. On my chart the double bottom is to the pip and when the MACD isn't stretched by the old lows on the left, the div is much more obvious.
Anyway it's just one part of many other factors.

Let's see how it plays out.
  • #68,608
  • Jul 14, 2010 7:34am Jul 14, 2010 7:34am
Still waiting on that eurusd, I believe its got a potential...
Any opinions please?
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  • #68,609
  • Jul 14, 2010 8:09am Jul 14, 2010 8:09am
I am now following this thread for almost a half year and have learn a lot! But only need to learn more patience, but with more charttime the next years, ( i have time, it is a marathon, not a sprint) i think this will be no problem.

I am also long on eur/usd based on weekly, i have no chart right now because i am at work.

Thanks to james, mike, jaroo and all others who help us so good!
  • #68,610
  • Jul 14, 2010 8:13am Jul 14, 2010 8:13am
short was triggered on eurusd however i dont know how long it will be alive

missed the gbpjpy h4..
  • #68,611
  • Jul 14, 2010 8:33am Jul 14, 2010 8:33am
Quoting mistersimple
short was triggered on eurusd however i dont know how long it will be alive

missed the gbpjpy h4..

I am also considering eurgpb 4hr, pin is not perfect but I like the location in this range...
  • #68,612
  • Jul 14, 2010 8:35am Jul 14, 2010 8:35am
Quoting Adilius07
Still waiting on that eurusd, I believe its got a potential...
Any opinions please?
Decent sized bar. Remember though the bar's not at a swing low and you have the FTA at 1.2800.
  • #68,613
  • Jul 14, 2010 8:39am Jul 14, 2010 8:39am
Quoting Sjr
Thanks Pinbar for your time in answering that question. I hear you on the waiting for the exact right trades. Just to make it worse I found this ..wait for it.... 1hr pb while reading your post. LOL. No I must not trade it, I must not trade it, lol. Its very tempting to play in part because of the low initial risk. It all comes down to the psychology I suppose. Cheers

SR
Yes, I took an H1 on demo out of boredom this afternoon, didn't get triggered though.
  • #68,614
  • Jul 14, 2010 8:51am Jul 14, 2010 8:51am
Quoting Adilius07
I am also considering eurgpb 4hr, pin is not perfect but I like the location in this range...

I was also considering the 4hr pin, I'm concerned with the 365 EMA around .8370 though
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  • #68,615
  • Jul 14, 2010 9:04am Jul 14, 2010 9:04am
The latest candle in the UK top 100 share index has not closed yet.
Of all the indices the footsie was the one most likely to fall.

This is a true double high - the body will very probably close lower than the bullish candle of yesterday. As I type this the candle is now lower than yesterday's.

Both candles are hard on 5300.0 - nice BRN.

I am shorting the Dow since last night There is no J16 indication to short but it is going down anyway.
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  • #68,616
  • Jul 14, 2010 9:07am Jul 14, 2010 9:07am
out of audjpy .. maybe too early.. but i m fine with that..
  • #68,617
  • Jul 14, 2010 9:08am Jul 14, 2010 9:08am
Quoting slade1986
I was also considering the 4hr pin, I'm concerned with the 365 EMA around .8370 though
I think your concerns are well founded.
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  • #68,618
  • Jul 14, 2010 9:11am Jul 14, 2010 9:11am
Quoting Bemac
I think your concerns are well founded.
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Thanks, I passed. Have the chart marked and I'll watch this one.
  • #68,619
  • Jul 14, 2010 9:20am Jul 14, 2010 9:20am
Quoting forexben
Decent sized bar. Remember though the bar's not at a swing low and you have the FTA at 1.2800.
Forexben, thanks for your reply. Yes if it triggers I am going to set my BE at FTA. Let's see how it plays out if triggers at all..
  • #68,620
  • Jul 14, 2010 9:32am Jul 14, 2010 9:32am
Quoting Bemac
I think your concerns are well founded.
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First pinbar is better
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