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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

  • #72,881
  • Aug 26, 2010 3:05am Aug 26, 2010 3:05am
Quoting mihazupan1
I'd like to have the same layout on MT4 on my laptop that I have now on my PC. What do I have to copy from my PC to laptop? I'm guessing indicators and current template would be enough? I can't find the template I created in MT4 folder. There're only the default ones. Can anyone help me here?
If you copy your experts and templates folders you should be ok

for example ;

Program Files/FxPro/Experts

and

Program Files /FxPro /Templates
  • #72,882
  • Aug 26, 2010 3:16am Aug 26, 2010 3:16am
Did anyone take the EUR/USD or AUD/USD 1hour PB? There was some nice confluence, waiting to see how the two trades turn out though. Currently hanging around b/e. Will post charts when trades have runned it's course..

regards,
Thank you j16!
  • #72,883
  • Aug 26, 2010 3:33am Aug 26, 2010 3:33am
Quoting Jonnyislost
If you copy your experts and templates folders you should be ok

for example ;

Program Files/FxPro/Experts

and

Program Files /FxPro /Templates
I can't find my template in the Template folder. There're only the templates that were there by default.
  • #72,884
  • Aug 26, 2010 3:37am Aug 26, 2010 3:37am
Quoting mihazupan1
I can't find my template in the Template folder. There're only the templates that were there by default.
you are probably looking in the experts/templates folder. as jhonny wrote, go to fxpro/templates.
meine augen sind die sterne
  • #72,885
  • Aug 26, 2010 3:37am Aug 26, 2010 3:37am
Exited the eur trade with 18 pips profit, aud/usd a bit on the slow side..

ANY advice would be apreciated. on this specific trade this was my thought process.

Pro's- Pin Bar, 150 ema, ppz, fib 50(on large swing)

Con's- not much space for profit(look at my exit and previous highs)

EXited aud/usd at break even, don't want to hang around too long on low tf trades..

There were a lot of potential trades on at that time, I took these two because of the confluence factors, these two trades had 3 or 4 factors, ema's, fibs, ppz, pb etc.. I always try and judge my trades as to trying to increase my odds..

I have been trading chart and candle patterns for quite some time on low timeframes but only stumbled on j16 a few days ago. So I am not a complete newbie, but please give me advice where you senior guys can and scold me for stupid analysis etc.
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Thank you j16!
  • #72,886
  • Aug 26, 2010 3:42am Aug 26, 2010 3:42am
Quoting aserbfx
you are probably looking in the experts/templates folder. as jhonny wrote, go to fxpro/templates.
I checked that folder. When I save that template in MT4 it is saved in same folder. Strange

I'm going to copy only indicators and then entered the same values as on my PC manually.
  • #72,887
  • Aug 26, 2010 3:50am Aug 26, 2010 3:50am
Quoting mihazupan1
I can't find my template in the Template folder. There're only the templates that were there by default.

That's strange.. Not sure the reason, but it's probably quicker to just re-create the template on your laptop rather than try to find out why
  • #72,888
  • Aug 26, 2010 4:00am Aug 26, 2010 4:00am
Quoting Jonnyislost
That's strange.. Not sure the reason, but it's probably quicker to just re-create the template on your laptop rather than try to find out why
I've already done that Thanks for your help anyway
  • #72,889
  • Aug 26, 2010 4:24am Aug 26, 2010 4:24am
Quoting mbqb11
there are no stupid questions my friend, only the one not asked.

Anything you are thinking trust me others are, or have thought before


So ask away

Mike
He who asks a question is only a fool for five minutes he who does not ask a question remains a fool forever.


May the force be with you http://cdn.forexfactory.com/images/icons/icon10.gif
Pipcrawler
  • #72,890
  • Aug 26, 2010 4:45am Aug 26, 2010 4:45am
Aside from location and other confluences, would you trade a 4H PB even though the daily PB has or has not reached its' target(s) ???

....that is in the opposite direction on a lower TF...hope this is clear...

Thanks,
Bill
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  • #72,891
  • Aug 26, 2010 4:59am Aug 26, 2010 4:59am
Quoting Atc
Aside from location and other confluences, would you trade a 4H PB even though the daily PB has or has not reached its' target(s) ???

....that is in the opposite direction on a lower TF...hope this is clear...

Thanks,
Bill
Higher time frame PA rules Atc, but I for one like to keep my time frames separate, which means that normally higher time frame PA isn't an intra day trade maker/breaker for me, unless we have something A-plussy going on at the highers.

Most of the xxx/CHF bars have probably done their thing - including CAD/CHF. It was a small pin bar against a huge trend and to make it to the point where we have the 4H pin bar is in my opinion quite a job for this bar. (asking for it to hit those 2 bar lows at 9844 is in my opinion a little too much to ask for again given that in anticipating something like that we're trying to catch a falling knife.)

g.
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I believe . . .
  • #72,892
  • Aug 26, 2010 5:08am Aug 26, 2010 5:08am
some of you asked me how i calculate my probability of taking a trade. i have attached a worksheet i use to do this. when i see a setup i run through the worksheet and the output is either a yes or a no. feel free to use and distribute as needed, requires MS office (2007) with macros enabled (has buttons for quick calculations)
Attached File(s)
File Type: zip trade calc.zip   19 KB | 489 downloads
  • #72,893
  • Aug 26, 2010 5:11am Aug 26, 2010 5:11am
Quoting Bollocks
some of you asked me how i calculate my probability of taking a trade. i have attached a worksheet i use to do this. when i see a setup i run through the worksheet and the output is either a yes or a no. feel free to use and distribute as needed, requires MS office (2007) with macros enabled (has buttons for quick calculations)
Thank you Bollocks!!!
  • #72,894
  • Aug 26, 2010 5:13am Aug 26, 2010 5:13am
Nice Chart Atc, i do not pay attention to 4-hr TFs and below but your 4-hr TF Chart shows a beautiful IPB at Swing Low and RN 1.5850.....did someone take this....cheers all

Quoting Atc
Aside from location and other confluences, would you trade a 4H PB even though the daily PB has or has not reached its' target(s) ???

....that is in the opposite direction on a lower TF...hope this is clear...

Thanks,
Bill
  • #72,895
  • Aug 26, 2010 5:16am Aug 26, 2010 5:16am
Quoting ghous
Higher time frame PA rules Atc, but I for one like to keep my time frames separate, which means that normally higher time frame PA isn't an intra day trade maker/breaker for me, unless we have something A-plussy going on at the highers.

Most of the xxx/CHF bars have probably done their thing - including CAD/CHF. It was a small pin bar against a huge trend and to make it to the point where we have the 4H pin bar is in my opinion quite a job for this bar. (asking for it to hit those 2 bar lows at 9844 is in my opinion a little too much to ask for...
This is what I thought you would say....needed to confirm my thoughts...appreciate your time
Bill
  • #72,896
  • Aug 26, 2010 5:22am Aug 26, 2010 5:22am
Quoting Bollocks
some of you asked me how i calculate my probability of taking a trade. i have attached a worksheet i use to do this. when i see a setup i run through the worksheet and the output is either a yes or a no. feel free to use and distribute as needed, requires MS office (2007) with macros enabled (has buttons for quick calculations)
Yes, like you said before it is very very strict process you have. Thank you very much, I will try to see how this will work for me. Maybe I will take macd div off. Thanks!!!
  • #72,897
  • Aug 26, 2010 5:26am Aug 26, 2010 5:26am
yes indeed it is, i created it based on rules created on past mistakes. you might be better off changing it to suit your own rules
  • #72,898
  • Aug 26, 2010 5:29am Aug 26, 2010 5:29am
This been some awesome PA in the last few days...hope this is a sign that summer is over for the markets...

note mismarked .9000 on chart should be .9100 ___sorry
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  • #72,899
  • Aug 26, 2010 5:31am Aug 26, 2010 5:31am
Quoting jarroo
I like this one . .Location: at the 10000 BRN and at a swing Low. The size could be bigger.

Here's another reason . . .on the Weekly we have a BEOB that worked out very nicely . . so nice in fact, that it hit its target the 10000.

Now what does Price usually do when it hits its main target? By "main target", I mean not just a FTA but a strong PPZ level or BRN or both. It ususlly reacts to it or reverses from it. Or it can smash right through which would show a strong down trend.

Its something to think about. Does the Daily PB have enough...
Hey Jarroo,
Does this mean that for instance if you have a valid lower TF PA setup which would be moving counterwards against another valid higher TF PA setup which has not reach its FTA yet, it would sensible not to trade the lower TF PA setup unless this lower TF PA setup is moving in the same direction as the higher TF setup ?
Pipcrawler
  • #72,900
  • Aug 26, 2010 5:34am Aug 26, 2010 5:34am
Quoting Atc
This been some awesome PA in the last few days...hope this is a sign that summer is over for the markets...
Can't disagree here But I wonder why I can't notice all those PA's when they occur

PS: In many videos from Free Section on J16 site I've seen that pen tool in MT4 but I couldn't find it on my platform. Where can I find this one?
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