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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

  • #73,601
  • Sep 1, 2010 1:56pm Sep 1, 2010 1:56pm
i need some help. this chart is on the weekly. where should i place my SL? my intended SL was giving around 250 pips from my open. is that a lot for a SL?
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  • #73,602
  • Sep 1, 2010 2:04pm Sep 1, 2010 2:04pm
Quoting raczekfx
ha, ha.. you know very well, there is no voodoo involved here.
It's just THE Knowledge (method) and clear picture, which side is taken by 95% of the players (market participants)...
From there, it's just one way street, bumpy at times, but only one way..
I'll throw a chart once in a while - time permitting.

r
I am obviously aware, just referring to that method of yours as it has come to be known at this thread here...

g.
I believe . . .
  • #73,603
  • Sep 1, 2010 2:08pm Sep 1, 2010 2:08pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting premierpip
oh. yeah.. i almost forgot. making 2 trades means paying more for spread! cool. i dont know about closing part of the order. really sweet. thanks. i tried it few minutes ago. gonna saves me a lot compared to opening two positions. yeah.. what i meant was risking only 2% if i hit the SL.
PP,
If you open two 1 lot trades you'll pay the same in spread as one 2 lot trade. But it does make it simpler to have fewer trades open. Good luck demoing, this is fun stuff!
  • #73,604
  • Sep 1, 2010 2:11pm Sep 1, 2010 2:11pm
Quoting jdl
PP,
If you open two 1 lot trades you'll pay the same in spread as one 2 lot trade. But it does make it simpler to have fewer trades open. Good luck demoing, this is fun stuff!
yeah! am looking forward to demo!
  • #73,605
  • Sep 1, 2010 2:58pm Sep 1, 2010 2:58pm
Quoting geomink
Short EUR/AUD
SL @ BE

TP 1,4020
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Don't give up
  • #73,606
  • Sep 1, 2010 2:59pm Sep 1, 2010 2:59pm
Quoting mihazupan1
nuclear62 could you please share that spread and tick value indicators?
Hey, sure
Nuc
Attached File(s)
File Type: mq4 Tick-Value.mq4   1 KB | 378 downloads
  • #73,607
  • Sep 1, 2010 3:08pm Sep 1, 2010 3:08pm
dj formed a two day dblhc. right at the 61.8% fib (rac's number, right?!).
10500 to come...
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meine augen sind die sterne
  • #73,608
  • Sep 1, 2010 3:35pm Sep 1, 2010 3:35pm
Quoting ghous
I am obviously aware, just referring to that method of yours as it has come to be known at this thread here...

g.
oh that... That's a common knowledge by now... where have you been?
  • #73,609
  • Sep 1, 2010 3:47pm Sep 1, 2010 3:47pm
usd/sgd at long-term support (check weekly). looking for price action here on daily.
meine augen sind die sterne
  • #73,610
  • Sep 1, 2010 3:47pm Sep 1, 2010 3:47pm
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Trading: the skill of avoiding trades
  • #73,611
  • Sep 1, 2010 4:02pm Sep 1, 2010 4:02pm
Quoting mbqb11
You have to play with the settings for different pairs
would you show us different intervals from pair to pair, please?

many thanks
Don't give up
  • #73,612
  • Sep 1, 2010 4:08pm Sep 1, 2010 4:08pm
Quoting geomink
would you show us different intervals from pair to pair, please?

many thanks
sure G

gbp/usd would be :

One grid with :

Hgridweeks: 100
HgridPips: 5000
all other settings same as in post before

Another on same pair is
Hgrideweeks: 100
hgridpips: 10000


everything is pretty close to that, you may have to add or remove a zero here and there depending on the pair and digit display of your broker

Mike
  • #73,613
  • Sep 1, 2010 4:23pm Sep 1, 2010 4:23pm
Quoting mbqb11
Just to clarify though this is still a beob, the bar doesn't have to close below the prior bar, just has to engulf it and close down near the bottom
doesn't have to close below the open and close of the prior bar?
Don't give up
  • #73,614
  • Sep 1, 2010 4:31pm Sep 1, 2010 4:31pm
Quoting mbqb11
sure G

gbp/usd would be :

One grid with :

Hgridweeks: 100
HgridPips: 5000
all other settings same as in post before

Another on same pair is
Hgrideweeks: 100
hgridpips: 10000


everything is pretty close to that, you may have to add or remove a zero here and there depending on the pair and digit display of your broker

Mike
I have set my platform with 500 pips interval on each pair, but I'm not really sure about this fact
Don't give up
  • #73,615
  • Sep 1, 2010 4:47pm Sep 1, 2010 4:47pm
Quoting geomink
I have set my platform with 500 pips interval on each pair, but I'm not really sure about this fact
The Hgridpips is what is defining at how many pts. So I use two grids(apply the grid twice) one with 10000 and one with 5000 under HGRIDPIPS.

This will place a line every 500 pips on most pairs. If you want it at every 100 pips then you have to play with those numbers and probably make them 1000 and 500 or something. I simply want them ever 500 pips and use the above settings in the previous post. If your broker displays digits different without the pipette, you may have to add or subtract a zero.

Best
Mike
  • #73,616
  • Sep 1, 2010 4:48pm Sep 1, 2010 4:48pm
Quoting geomink
doesn't have to close below the open and close of the prior bar?
A Bearish outside bar fully engulfs the prior bar. It has a higher high, and a lower low. And it must close near the bottom portion of the bar. It will always have a lower close then the open to be considered.

Mike
  • #73,617
  • Sep 1, 2010 4:50pm Sep 1, 2010 4:50pm
Quoting aserbfx
dj formed a two day dblhc. right at the 61.8% fib (rac's number, right?!).
10500 to come...
Gruss Gott,
Do you remember Daimler ? The PB you mentioned last time wasn't as pretty as the PB of yesterday. http://cdn.forexfactory.com/images/icons/icon10.gif

May the force be with you.
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Pipcrawler
  • #73,618
  • Sep 1, 2010 5:29pm Sep 1, 2010 5:29pm
Hi, Im new to price action and im just looking for some help on this pinbar that just developed on the USD CHF. The pin itself looks quite good to me, quite a long nose and closed within the 'eye' of the previous candle. But it doesnt really hit any major resistance ? What do you guys think ?

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  • #73,619
  • Sep 1, 2010 5:33pm Sep 1, 2010 5:33pm
Quoting dan89
Hi, Im new to price action and im just looking for some help on this pinbar that just developed on the USD CHF. The pin itself looks quite good to me, quite a long nose and closed within the 'eye' of the previous candle. But it doesnt really hit any major resistance ? What do you guys think ?

Attachment
Looks good, but be aware that you have 10200 right in front of you. and than first target is around 10220.

I cant see divergence on my feed.
  • #73,620
  • Sep 1, 2010 5:41pm Sep 1, 2010 5:41pm
That is my idea
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