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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

  • #72,221
  • Aug 19, 2010 12:20pm Aug 19, 2010 12:20pm
Quoting Adilius07
Do you know if it is possible to move chart window to the next monitor in MT5?
It is not an option now, I hate MT4 for that. I have 4 monitors and only ONE is working for trading lol.
Hi

You should be able to expand the whole MT4 window over say 2 monitors then you can position the individual charts as you want within the main MT4 window.
  • #72,222
  • Aug 19, 2010 12:22pm Aug 19, 2010 12:22pm
Quoting ljr
Hi

You should be able to expand the whole MT4 window over say 2 monitors then you can position the individual charts as you want within the main MT4 window.
Yes, I tried that. I spread the platform over all 4 monitors. Looks and feels terrible, I would rather stay with just one, until they imrpove it Thanks
  • #72,223
  • Aug 19, 2010 12:25pm Aug 19, 2010 12:25pm
Quoting ts63
Lovely bullish pinbar at a swing low on AUD/USD 1H.
hey ts63
have a look at the size of that pin
now compare it to the last 2 previous bars
also look at the distance of the nose of the pin with the left eye
does it look tradable?
u need the nose of the pin to be LONG enough to have a fighting chance against previous bars , same thing with beob/buob...u need them to be bigger in size .....similar to a bully
Simplicity is the key to success
  • #72,224
  • Aug 19, 2010 12:31pm Aug 19, 2010 12:31pm
sorry wish i cld explain a bit more but have to dash out now
have a look at this pin and compare it with atleast the last 2 previous bars, do u think this one has a fighting chance?
u also have to look at surrounding info, is the mkt ranging, trending etc but for this excercise, just work on comparing size of j16 bars with previous bars, it would reduce ur losses tremendously
cheers
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Simplicity is the key to success
  • #72,225
  • Aug 19, 2010 12:53pm Aug 19, 2010 12:53pm
if this closes a little lower, it will be one to consider...
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meine augen sind die sterne
  • #72,226
  • Aug 19, 2010 1:09pm Aug 19, 2010 1:09pm
I'm at work right now so can't post charts but I took the break of the daily pin long on GJ and now in hindsight looks like a bad call. Was there a way it could have been avoided.. AU, and NU shorts of yesterday's I4B low are still going nicely though.

I feel that I4B are somehow much trickier than pins and bullish/bearish engulfing bars. Besides location, are there any hard and fast rules to watch out for while trading the inside bars??

Also put a pending long on UJ h4 as that bounced off a BRN and nice support. Is that setup valid?
  • #72,227
  • Aug 19, 2010 1:33pm Aug 19, 2010 1:33pm
Quoting Pipologist99
... I took the break of the daily pin long on GJ and now in hindsight looks like a bad call...
Hey Pip, we discussed this setup yesterday... here was my take on it: http://www.forexfactory.com/showpost...ostcount=72095

Quoting Pipologist99
Also put a pending long on UJ h4 as that bounced off a BRN and nice support. Is that setup valid?
The U/J pin, to me, is a decent size but in a tricky location. I agree with you on support and BRN, but price is currently in a channel (see attached) and it can be difficult to judge areas of trouble (mini-flips). To be honest, it would be a pass for me because it's not at a clear swing low and the location is questionable.

Again, this is my opinion. Hope this helps.

-- Danny
Attached Image
  • #72,228
  • Aug 19, 2010 2:05pm Aug 19, 2010 2:05pm
Quoting bluetrader
Hey Pip, we discussed this setup yesterday... here was my take on it: http://www.forexfactory.com/showpost...ostcount=72095



The U/J pin, to me, is a decent size but in a tricky location. I agree with you on support and BRN, but price is currently in a channel (see attached) and it can be difficult to judge areas of trouble (mini-flips). To be honest, it would be a pass for me because it's not at a clear swing low and the location is questionable.

Again, this is my opinion. Hope this helps.

-- Danny

Thanks Danny your posts are always helpful! So it's live and learn at this point, I'm gonna leave the trade in there until my stop gets hit (oh the joys of the demo account!). What do you think about the AUDUSD's inside bar yesterday, I agree it wasn't anything substantial but it was an I4B nonetheless, do you trade these setups at all?
  • #72,229
  • Aug 19, 2010 2:18pm Aug 19, 2010 2:18pm
Quoting Pipologist99
... What do you think about the AUDUSD's inside bar yesterday, I agree it wasn't anything substantial but it was an I4B nonetheless, do you trade these setups at all?
Hey Pip, I trade only Pin Bars and Outside Bars at this point in my learning curve.

-- Danny
  • #72,230
  • Aug 19, 2010 3:26pm Aug 19, 2010 3:26pm
This looks like it could be a good candidate for IB long off BRN.
Note the previous bar has failed to break this BRN.
Any comments?
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  • #72,231
  • Aug 19, 2010 3:34pm Aug 19, 2010 3:34pm
Does anyone have any idea (or an indicator) how to set a grid like this one here in MT4? I'd like grid lines to appear only at big round numbers (1.2800, 1.2900,...) and with color settings. Is anyone of you using something like this?
  • #72,232
  • Aug 19, 2010 3:37pm Aug 19, 2010 3:37pm
Quoting mihazupan1
Does anyone have any idea (or an indicator) how to set a grid like this one here in MT4? I'd like grid lines to appear only at big round numbers (1.2800, 1.2900,...) and with color settings. Is anyone of you using something like this?
I use this
Attached File(s)
File Type: mq4 Grid_v1_0.mq4   6 KB | 710 downloads
  • #72,233
  • Aug 19, 2010 3:47pm Aug 19, 2010 3:47pm
Quoting mbqb11
I use this
Thanks a lot! Could you please help me with setting this up? Now I get this:

Attached Image (click to enlarge)
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I'd like horizontal lines only at numbers like 1.1100, 1.1200, etc.
  • #72,234
  • Aug 19, 2010 3:51pm Aug 19, 2010 3:51pm
Quoting mbqb11
The simple answer is yes. Bars are tradeable at every location. When a BUOB is at a swing high this is what is called a continuation setup. Again it ALWAYS comes back to the location and look of these bars. The bars are a very very small part of what it is James teaches and the rest of us do. It is in my view to learn them the traditional way(ie buob at swing low) and work forward from there. I believe continuation patterns encompass a bit more and are a bit more tricky.

Best
Mike

Mike, thx

really appreciate from you

Don't give up
  • #72,235
  • Aug 19, 2010 3:52pm Aug 19, 2010 3:52pm
Quoting mihazupan1
Thanks a lot! Could you please help me with setting this up? Now I get this:

Attachment

I'd like horizontal lines only at numbers like 1.1100, 1.1200, etc.
These are the setting I use for 100 pip intervals

Although the 1000 should be changed to 100 for 4 digit brokers

J
Attached Image
  • #72,236
  • Aug 19, 2010 3:52pm Aug 19, 2010 3:52pm
Quoting mihazupan1
Thanks a lot! Could you please help me with setting this up? Now I get this:

Attachment

I'd like horizontal lines only at numbers like 1.1100, 1.1200, etc.
Just put zeros instead of those numbers...
Attached Image (click to enlarge)
Click to Enlarge Name: grid.jpg Size: 76 KB
  • #72,237
  • Aug 19, 2010 3:53pm Aug 19, 2010 3:53pm
Quoting mihazupan1
Thanks a lot! Could you please help me with setting this up? Now I get this:

Attachment

I'd like horizontal lines only at numbers like 1.1100, 1.1200, etc.
Here is the one I use. You have to play with it depending on how many decimal places your pairs go

For example I am on fxpro

So my settings for eur/usd will look like this

HGrid Weeks 100
Hgrid pips 10000
Hline (none)
Hline2 (orange)
Grid time 15
time grid 240
colorhour 16
Timeline None
Timeline2 None


if you have 4 decimal places then you have to take a zero off.

Here is what I wrote to someone in a PM


I am not real sure what all the stuff is, I jsut found the indicator and played with it till it fit

from what I can gather

Hgridweeks - How many weeks back you want the indicator to use
HgridPips - horizontal line drawn per your value input(you would want to use 500 and 1000 if you have 4 decimal places)

Hline - Color of vertical line i think - put none
Hline2 - color of horizontal - i use orange

Gridetime - no idea(think its for vertical lines
timegrid - no idea again see above
Color hour - no clue

Timeline and timeline 2 are what color vertical lines are so I put them set to none

Hope that helps
  • #72,238
  • Aug 19, 2010 3:58pm Aug 19, 2010 3:58pm
Adilius07, Jonnyislost and mbqb11 thanks a lot for your help. Managed to set it up now
  • #72,239
  • Aug 19, 2010 4:20pm Aug 19, 2010 4:20pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting mbqb11
Here is the one I use. You have to play with it depending on how many decimal places your pairs go

I am not real sure what all the stuff is, I jsut found the indicator and played with it till it fit
Thanks for these indicator, it is very helpful!
BTW, here are the input value definitions...

HGrid.Weeks=10; // Period over which to calc High/Low of gird
HGrid.Pips=20; // Size of grid in Pips
HLine=DimGray; // Color of grid
HLine2=DarkGreen; // Every 100 pips, change grid color to this.

GridTime=15; // Number of periods (days or weeks) to draw time grid
TimeGrid=PERIOD_H4; // Grid period in minutes
ColorHour=16; // For hour grids, draw color line at this hour (broker time)
TimeLine=DimGray; // Color of grid
TimeLine2=DarkGreen; // Color of special bars
  • #72,240
  • Aug 19, 2010 4:21pm Aug 19, 2010 4:21pm
looks it was no support level su buy
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