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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

  • #73,441
  • Aug 31, 2010 10:17am Aug 31, 2010 10:17am
Quoting roundrock
nice location, big nose, bearish close, free space to left

TP at 1.8010 around BRN and minor ppa
SL at bar high
looks good. but about 15 pips spread on alpari for eur/nzd...
meine augen sind die sterne
  • #73,442
  • Aug 31, 2010 10:33am Aug 31, 2010 10:33am
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting aserbfx
looks good. but about 15 pips spread on alpari for eur/nzd...
Wow. Only 7 pips spread on FXCM. Quite a difference.
  • #73,443
  • Aug 31, 2010 10:34am Aug 31, 2010 10:34am
not as good as EURNZD pin

FTA is around 1:1 , i am skipping this, but will watch
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  • #73,444
  • Aug 31, 2010 10:37am Aug 31, 2010 10:37am
Quoting roundrock
not as good as EURNZD pin

FTA is around 1:1 , i am skipping this, but will watch
Yeah that one didn't quite close within the prior bar,
I think it's important for the validity of the bar
  • #73,445
  • Aug 31, 2010 10:38am Aug 31, 2010 10:38am
Quoting roundrock
nice location, big nose, bearish close, free space to left

TP at 1.8010 around BRN and minor ppa
SL at bar high
This is where I'd like to see EUR/NZD go. It's been in this down channel all month. This is now the 4th touch of the top channel line and it bounced off a pretty strong ppz. My bias is up.

Just my views on this pair. Waiting...

-- Danny
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  • #73,446
  • Aug 31, 2010 11:19am Aug 31, 2010 11:19am
Quoting bluetrader
This is where I'd like to see EUR/NZD go. It's been in this down channel all month. This is now the 4th touch of the top channel line and it bounced off a pretty strong ppz. My bias is up.

Just my views on this pair. Waiting...

-- Danny
Yeah im waiting as well for a cleaner break followed by a retest
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  • #73,447
  • Edited 12:11pm Aug 31, 2010 11:56am | Edited 12:11pm
waiting for price action here...
gbp/chf
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meine augen sind die sterne
  • #73,448
  • Aug 31, 2010 12:09pm Aug 31, 2010 12:09pm
Please how do i edit the Grid line indicator that you posted last week? Thanks in advance
  • #73,449
  • Aug 31, 2010 12:12pm Aug 31, 2010 12:12pm
Quoting lafemo
Please how do i edit the Grid line indicator that you posted last week? Thanks in advance
Hey Lafe

You have to play with the settings for different pairs but here is a write up of how I use it. You have to add it to your chart then right click and go to your indicators and edit the settings.

bunch of people wanted this indicator that will draw lines for them at certain intervals(ie for round numbers)

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
  • #73,450
  • Aug 31, 2010 12:29pm Aug 31, 2010 12:29pm
Many thanks,
Got it right now.
  • #73,451
  • Aug 31, 2010 12:53pm Aug 31, 2010 12:53pm
usd/chf
support on the daily, too.
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meine augen sind die sterne
  • #73,452
  • Aug 31, 2010 1:44pm Aug 31, 2010 1:44pm
I know newbies like me should not... and I'm not, I'm just watching...
but you know I look at the ES (emini sp500) and from 4am until now I see EIGHT easy huge profits, and no losses on 5 min chart....... omg
  • #73,453
  • Aug 31, 2010 2:01pm Aug 31, 2010 2:01pm
Quoting Adilius07
I know newbies like me should not... and I'm not, I'm just watching...
but you know I look at the ES (emini sp500) and from 4am until now I see EIGHT easy huge profits, and no losses on 5 min chart....... omg
Hey, after reading your post I had a look at eur/usd 5min. Same story, a lot of profit potential, but as I've learnt, looking at charts eyeing setups always makes it look so so so easy, remember 5min is very fast and can be difficult to trade. I agree, I'll stick to larger timeframes.

regards,
Thank you j16!
  • #73,454
  • Aug 31, 2010 2:04pm Aug 31, 2010 2:04pm
Quoting anderou
Hey, after reading your post I had a look at eur/usd 5min. Same story, a lot of profit potential, but as I've learnt, looking at charts eyeing setups always makes it look so so so easy, remember 5min is very fast and can be difficult to trade. I agree, I'll stick to larger timeframes.

regards,
Me too, I will stick to minimum requirements (3 months daily/weekly etc) no matter what. Is just very very motivating to see that these concepts will work if I would ever decide to do it intraday, I will always have a "job", lol... AMAZING!
  • #73,455
  • Aug 31, 2010 2:07pm Aug 31, 2010 2:07pm
Silver looks promising, still about 2 hour until close of candle but if it close like this or higher we might have a good entry here. Gotta be carefull about the previous highs though.
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  • #73,456
  • Aug 31, 2010 2:16pm Aug 31, 2010 2:16pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting Adilius07
I know newbies like me should not... and I'm not, I'm just watching...
but you know I look at the ES (emini sp500) and from 4am until now I see EIGHT easy huge profits, and no losses on 5 min chart....... omg
Adilius,
I'm seeing the "SPX500" in Metatrader (FXCM), current price is ~ 1044.4. Is that the same as what you are looking at? What sort of setups did you see (pin bars, OBs, etc.)? Thanks.
  • #73,457
  • Aug 31, 2010 2:32pm Aug 31, 2010 2:32pm
Quoting geomink
Long weekly pin G/J

Only 250 pips loss by now
stopped out
Don't give up
  • #73,458
  • Aug 31, 2010 2:32pm Aug 31, 2010 2:32pm
Quoting jdl
Adilius,
I'm seeing the "SPX500" in Metatrader (FXCM), current price is ~ 1044.4. Is that the same as what you are looking at? What sort of setups did you see (pin bars, OBs, etc.)? Thanks.
Hello Jdl, no SPX is the Index itself, emini cannot have price increments other than .25 so it should be either 1044.25 or 1044.50.
I have my NinjaTrader for that. And I meant only PB and BUOB/BEOB.

With FXCM I believe you cannot trade futures at all, it is most likely CFD. So prices will vary a bit.
  • #73,459
  • Aug 31, 2010 2:58pm Aug 31, 2010 2:58pm
Quoting supremeChaos
short via retracement of a small BEOB?
yeap

Quoting supremeChaos
what price?
1,4263

Quoting supremeChaos
careful with that trade... just my view
yea, agree, thanks
sl @ be asap
Don't give up
  • #73,460
  • Aug 31, 2010 3:28pm Aug 31, 2010 3:28pm
Quoting jdl
Adilius,
I'm seeing the "SPX500" in Metatrader (FXCM), current price is ~ 1044.4. Is that the same as what you are looking at? What sort of setups did you see (pin bars, OBs, etc.)? Thanks.
I thought I will post a chart for you to see what I meant, here it is:

EDIT: and I just don't see a single looser, do you?
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