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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

  • #76,361
  • Oct 4, 2010 5:59am Oct 4, 2010 5:59am
Quoting aserbfx
big buob on gbp/cad h4.
Resistance is just above..
  • #76,362
  • Oct 4, 2010 6:04am Oct 4, 2010 6:04am
Quoting slade1986
Moved so quick, never even saw it in my open positions.

(P.S. Do these green arrows mean this stuff works? )

Is that some kind of fibo indicator?
  • #76,363
  • Oct 4, 2010 6:12am Oct 4, 2010 6:12am
Quoting Pinbar
Is that some kind of fibo indicator?

No, just the closed trade. Green arrows = Positive trade on Trade Station. I was poking at some who say this doesn't work.
  • #76,364
  • Edited 7:21am Oct 4, 2010 6:50am | Edited 7:21am
Just went long on a live trade of the E-C, PA via a 1H-PB off the RNB @ 13300 and 150 SMA.
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Pipcrawler
  • #76,365
  • Oct 4, 2010 6:54am Oct 4, 2010 6:54am
Quoting slade1986
No, just the closed trade. Green arrows = Positive trade on Trade Station. I was poking at some who say this doesn't work.
I see..

Yeah, Trade station is a nice platform, if you can get used to it after MT4.

Thanks
  • #76,366
  • Oct 4, 2010 7:04am Oct 4, 2010 7:04am
Quoting The Captain
Well since this is on topic with my previous post: Was it a touch off the 61.8 and 50 fib or was it a touch off this?

I guess it depends on how thick you make your trendlines Cappy...not to be disrespectful .....but I believe the confluence is there and confirms the direction.... thx for pointing it out

Bill/fly ZBW
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  • #76,367
  • Oct 4, 2010 7:11am Oct 4, 2010 7:11am
Quoting LiuLangZe
Hi Mike, any reason why you will skip this trade? Looks pretty fine to me.
Hey Liu

Simply isn't enough info here to place a trade for me. Just a BUOB. WHere is price likely to go on a break? 1.44/1.45 though


Best
Mike
  • #76,368
  • Oct 4, 2010 7:27am Oct 4, 2010 7:27am
Quoting xmzhang
Just went long on a live trade of the E-C, PA via a 1H-PB off the RNB @ 13300 and 150 SMA.
Closed 1/2 position for 25 pip profit and moved SL to BE. For the other 1/2 position I'am aiming for the 13360 which is the low of the 1H-BUOB of friday.
Pipcrawler
  • #76,369
  • Oct 4, 2010 7:50am Oct 4, 2010 7:50am
Quoting xmzhang
Closed 1/2 position for 25 pip profit and moved SL to BE. For the other 1/2 position I'am aiming for the 13360 which is the low of the 1H-BUOB of friday.
Target hit closed the rest of my position for another 45 pip. Total profit 70 pips, YES.http://cdn.forexfactory.com/images/icons/icon10.gif
Pipcrawler
  • #76,370
  • Oct 4, 2010 7:53am Oct 4, 2010 7:53am
Just took another live trade this time on the kiwi, 15m-BEOB off TL.
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Pipcrawler
  • #76,371
  • Edited 8:15am Oct 4, 2010 8:04am | Edited 8:15am
Quoting xmzhang
Just took another live trade this time on the kiwi, 15m-BEOB off TL.
Closed 1/2 position for a quick 11 pip profit, let the other position run to RNB 7400 and moved SL to BE.
Pipcrawler
  • #76,372
  • Oct 4, 2010 8:08am Oct 4, 2010 8:08am
Quoting xmzhang
Closed 1/2 position for 25 pip profit and moved SL to BE. For the other 1/2 position I'am aiming for the 13360 which is the low of the 1H-BUOB of friday.
Look where E-C found resistance, right at the low of the 1H-BUOB of friday, but I already anticipated and closed both my positions. It's like owing a small profitable forex cristal ball, thank you very much JAMES !!!

May the force be with you.
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Pipcrawler
  • #76,373
  • Oct 4, 2010 8:18am Oct 4, 2010 8:18am
Quoting xmzhang
Closed 1/2 position for a quick 11 pip profit, let the other position run to RNB 7400 and moved SL to BE.
What a bummer, stopped out @ BE for the other 1/2 of my position. I've banked 81 pips in total today on the E-C and N-U live trades, not bad I'am quite happy with this result.

May the force be with you.
Pipcrawler
  • #76,374
  • Oct 4, 2010 8:46am Oct 4, 2010 8:46am
Quoting joelcf
You have no idea how many people actually think like that here. Well, you probably do... and that's the scary part. Every day, there is another news article about how 'housing is different', 'Australia is different', 'China xyz', etc.

Hence: Friday's massively offtopic essay on The Trainwreck that is Australia.

Residential housing here is a HUGE issue politically, even moreso than in the US or UK.

The demographics of Australia come strongly into play. 49% of the population is over 40, and 25% is retired or about...

What more can I say
  • #76,375
  • Oct 4, 2010 10:36am Oct 4, 2010 10:36am
Quoting aserbfx
this could be interesting in the next week...
bmw on weekly.
pinbar closing below ppz/brn.
short-trade triggered at 49.06 euro.
close was 48.22 euro today. stopp moved to BE. looks good.
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meine augen sind die sterne
  • #76,376
  • Oct 4, 2010 10:41am Oct 4, 2010 10:41am
Quick question g.

Do you trade IPB's on TF's shorter than daily?

Thnx.
PP


Quoting ghous
It is...but pretty insignificant if you're looking at it as a trading opportunity. Far too small (IMHO) vs a decent move up. Notice also that it wasn't exactly "off" the BRN was it? I mean clearly to me it's more of a bar that is indicating a pull back to the 1.4 after that close above the level.

This is not the first time I've said it...but a price bar even a J16 one is a single page of a thick interesting, thrilling and exciting novel. No matter how attractive the text on the page looks it has little value to offer if you read it in...
  • #76,377
  • Oct 4, 2010 10:49am Oct 4, 2010 10:49am
lxs is approaching an interesting area. check daily tf for entry (large beob, pb etc).
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meine augen sind die sterne
  • #76,378
  • Oct 4, 2010 11:34am Oct 4, 2010 11:34am
Quoting PrincoPrinco
Quick question g.

Do you trade IPB's on TF's shorter than daily?

Thnx.
PP
On 4H and 1H yes.

g.
I believe . . .
  • #76,379
  • Oct 4, 2010 11:49am Oct 4, 2010 11:49am
Provided no strange spikes will happen in the next hour, there's a nice H4 trend trade on euraud in the making for you H4 guys

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It's not about how much you make, it's about how much you don't lose.
  • #76,380
  • Oct 4, 2010 11:57am Oct 4, 2010 11:57am
PA rocks

J16

This is starting to be fun!

Did anybody took this?



fxtsun
___________________________________
"Chance favours the prepared mind" - Louis Pasteur
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