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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

  • #81,221
  • Nov 30, 2010 3:23pm Nov 30, 2010 3:23pm
Quoting lucas101
nice chart,so does the aud/usd,don't you see???haha.....
aud/usd? but why? I don't see any room for it to move, really
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  • #81,222
  • Nov 30, 2010 3:33pm Nov 30, 2010 3:33pm
How do you guys include a picture within a quote? Never works when I try, the pic would be automatically deleted in a quote.
  • #81,223
  • Nov 30, 2010 3:47pm Nov 30, 2010 3:47pm
Short Eur/Gbp

Blu EP

Red SL
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Don't give up
  • #81,224
  • Nov 30, 2010 3:53pm Nov 30, 2010 3:53pm
Quoting bud_fox
Mike thank you very much for your reply.

So if I highlight a flip around 1.6200 how many pips either side would I include in the zone?

Conrad
Hey Conrad

It would depend on the look. If you have a more specific area/chart we can look at it for a better example

Best
Mike
  • #81,225
  • Nov 30, 2010 4:02pm Nov 30, 2010 4:02pm
Hi All,

What are your thoughts on the BEOB (monthly) failure at the falling trend line on the AUDCAD?

I am thinking this may be a longer term trade for me but just wondering if anyone has any reservations about it.

Haven't posted a chart as I am on my iPad so suffering the Steve Jobs curse.

Cheers

4x.
  • #81,226
  • Nov 30, 2010 4:18pm Nov 30, 2010 4:18pm
Quoting Adilius07
How do you guys include a picture within a quote? Never works when I try, the pic would be automatically deleted in a quote.
I'm still try to figure out how to quote specific text
  • #81,227
  • Nov 30, 2010 4:18pm Nov 30, 2010 4:18pm
Quoting Adilius07
It is a historical day for me today!!! First time in my life I am going to take a trade from Monthly chart!!! No more 2 min TF's.. haha I'm excited!!!

http://cdn.forexfactory.com/attachme...1&d=1291149353

Most any EUR southbound looks good
  • #81,228
  • Nov 30, 2010 4:20pm Nov 30, 2010 4:20pm
Quoting Bryan
Most any EUR southbound looks good
Ah yes agree saw them too of course, but thought this one was the best of the best of the best

Btw, could you please share how did you manage to put my chart within a quote?
  • #81,229
  • Nov 30, 2010 4:28pm Nov 30, 2010 4:28pm
nice looking BEOB, but is there any confluence? Where would you put a SL on this monster?
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  • #81,230
  • Nov 30, 2010 5:02pm Nov 30, 2010 5:02pm
What would you make of this Monthly Pinbar ....? All comments welcome.!
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  • #81,231
  • Nov 30, 2010 5:28pm Nov 30, 2010 5:28pm
Quoting mbqb11
Hey Conrad

It would depend on the look. If you have a more specific area/chart we can look at it for a better example

Best
Mike
Mike,

l will select an example and attach it tomorrow as I currently dont have access to my pc until then.

Bed time for me now here in Ireland.

Until tomorrow.

Conrad
  • #81,232
  • Nov 30, 2010 5:59pm Nov 30, 2010 5:59pm
I should have been more prepared to short the EURUSD with all the negative news out of the EU. But I cannot pass on the monster BEOB on the Monthly charts (along with the down trend line).

I am short below the BEOB at 1.2920, and my stop loss is at 1.3700 (above last months open and low and also above the 1.33 to 1.35 PPZ).

My TP is 1.2000. Being it is a monthly chart, I will have plenty of time to watch the PA and adjust this TP as things come about.
  • #81,233
  • Nov 30, 2010 6:20pm Nov 30, 2010 6:20pm
Hi,

Long time reader of this thread, first time poster. I believe that my first visit here was back in mid 2006 when there were about 60-70 pages. Now there are more than 5000!! Great achievement! I regard this information as priceless, and I sincerely thank all the contributors over the years.

I would like to thank a few people whom have really made a difference to my trading career. James16 (first and foremost), thank you kindly for sharing your knowledge and devoting your time to this thread. Without you, this thread would not even exist and I can't say that I would have gained the knowledge you have passed on if this thread didn't exist. I feel as if I know you and have done so for years. I have strong feelings that you are a genuine empathetic guy and I would love to meet you in person one day so that I can buy you a beer.

diallist, bundyraider, mbqb11, Jaroo, PeterFM, SeekingLight I have learned so much from you all. I can't thank you enough.

I'm sure that I have missed many others. I apologise in advance.

I have been trading now for 12 years (6 years in equities and 6 in forex). I trade stocks using fundamentals (and still do), and thanks to this thread, I trade forex using my own methodology primarily developed from this material. I even use these methods to fine tune my stock entries and I must say that it is dynamite on any market.

Thanks again to all you fine people, may many good things come your way.

Cheers
  • #81,234
  • Nov 30, 2010 6:44pm Nov 30, 2010 6:44pm
Quoting spookie94
nice looking BEOB, but is there any confluence? Where would you put a SL on this monster?
not much confluence just a big BEOB in a sideways market. If it was played it could be played like any other bar(that is to say if it is worth playing).

Where is price likely to go with such a traffic bar
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  • #81,235
  • Nov 30, 2010 6:45pm Nov 30, 2010 6:45pm
Quoting menomoo
What would you make of this Monthly Pinbar ....? All comments welcome.!
Not the biggest bar, pretty clear FTA at 1150 though

Mike
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  • #81,236
  • Nov 30, 2010 6:46pm Nov 30, 2010 6:46pm
Quoting sebohsj
Hi,

Long time reader of this thread, first time poster. I believe that my first visit here was back in mid 2006 when there were about 60-70 pages. Now there are more than 5000!! Great achievement! I regard this information as priceless, and I sincerely thank all the contributors over the years.

I would like to thank a few people whom have really made a difference to my trading career. James16 (first and foremost), thank you kindly for sharing your knowledge and devoting your time to this thread. Without you, this thread would not even exist and...
Awesome sebohsj ! and hope to see you stopping by more!

Best
Mike
  • #81,237
  • Nov 30, 2010 6:46pm Nov 30, 2010 6:46pm
Quoting bud_fox
Mike,

l will select an example and attach it tomorrow as I currently dont have access to my pc until then.

Bed time for me now here in Ireland.

Until tomorrow.

Conrad
Will be on the look out for it Conrad
  • #81,238
  • Edited 7:27pm Nov 30, 2010 7:16pm | Edited 7:27pm
Nice monthly GBP/NZD PB.

Almost a double low and off the 2.0300 area.

Maybe we will see some daily setups once we get past the 38.2 & the 2.1000 BRN
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  • #81,239
  • Nov 30, 2010 7:33pm Nov 30, 2010 7:33pm
Quoting mbqb11
These pins I won't take as much anymore as I have honed in my intraday trading and gotten more picky over time.They work, but they also increase variance which has been what has turned me into a more conservative picky trader. Playing for the drawdowns instead of how much can I pull a year
Does it mean PinBar is NOT to be played at swing high/low unless it is off PPZ and has confluence?

Thanks for your reply. Really appreciate it
  • #81,240
  • Nov 30, 2010 7:40pm Nov 30, 2010 7:40pm
Quoting Be Cool
Does it mean PinBar is NOT to be played at swing high/low unless it is off PPZ and has confluence?

Thanks for your reply. Really appreciate it
Hey BC

Nope this is not the case. Confluence and reasons to get into trades can be all kinds of reasons. Just a bar alone can be enough sometimes. Sometimes you have just a bar at a swing high with divergence. There is not one specific list for me. Each situation I evaluate interdependently before making the judgment call to trade. It's all about developing your criteria and the bars for me are just a small piece to the larger puzzle. Each puzzle doesn't look like the last.

Best
Mike
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