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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

  • #82,841
  • Dec 17, 2010 8:47am Dec 17, 2010 8:47am
Quoting john225
What a tough week for me 4 test this week at school :nerd:

But now back to study the method
Could anyone explain me the swing highs and swing lows please?

Here's an example of a PB at a swing High.

Quoting kayhan7070
hey guys

not much story behind this trade but we have the BRN+365EMA,if this continues to the upside i am not going to take a fullbar loss,will cut it out...
Indicators show the past. Price Action "Indicates" the future.
  • #82,842
  • Edited 9:03am Dec 17, 2010 8:52am | Edited 9:03am
Simple stuff. I know it is just 15 pips, but how easy can it be if you know where the FTA is.
Thanks guys.
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  • #82,843
  • Dec 17, 2010 8:56am Dec 17, 2010 8:56am
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  • #82,844
  • Dec 17, 2010 9:04am Dec 17, 2010 9:04am
GU
There was even better chance to get in from the beob on fxpro feed. The bar wasnt in A category by any means but taking into the consideration the current down momentum the location was ok. I didnt take it personally becouse i wanted to see price spiking up a bit higher and with all the doubts i didnt pull the trigger.
Now it looks like weekly bar will close as a beob with monthly being beob aswell.
The long-term trendline with 5 touches is already broken and now the only barrier thats left is 1.5480. USD longs looks promising ;]
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  • #82,845
  • Dec 17, 2010 9:05am Dec 17, 2010 9:05am
FTA = 13200?
close and run / have faith and stay in...
cheers
RS
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  • #82,846
  • Dec 17, 2010 9:07am Dec 17, 2010 9:07am
Quoting kayhan7070
closed it out,what about you?
2/3 out of position 1.3404....

I can't keep up with the thread, trading, and my wife asking me about xmas gifts...got to go keep peace with the family(xmas shop ugggghhhhh)...catch all of you later.

Bill
  • #82,847
  • Dec 17, 2010 9:11am Dec 17, 2010 9:11am
Quoting Osman
Yeah, that area was the one I was looking at for the BE...

I think this one has potential to go to the 1.5500 area.. im gonna let it ride..

BE or 1.55 .. got my TP at 1.5505

Thx Ghous.

Os.
Just an update... TP Hit
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  • #82,848
  • Dec 17, 2010 9:15am Dec 17, 2010 9:15am
Quoting Revstar
FTA = 13200?
close and run / have faith and stay in...
cheers
RS
Hi , i would say that FTA is bit higher , more like 1.3210.
  • #82,849
  • Dec 17, 2010 9:21am Dec 17, 2010 9:21am
Cheers Greenhaze, I took the money on offer and have run! (1.3214)
thinking it may be an interesting place to loo long, but poor liquidity/ etc,. i dont know.. plus its Friday...

Quoting Greenhaze
Hi , i would say that FTA is bit higher , more like 1.3210.
  • #82,850
  • Dec 17, 2010 9:30am Dec 17, 2010 9:30am
Quoting john225
What a tough week for me 4 test this week at school :nerd:

But now back to study the method
Could anyone explain me the swing highs and swing lows please?
What about them John?
I believe . . .
  • #82,851
  • Dec 17, 2010 9:31am Dec 17, 2010 9:31am
Quoting geniusztc
i am not sure about my order. but i want to set up 9720 as my TP position.

need your ideas .
no one cares me
i closed my order @ 9667.
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A chart helps those who can read it.
  • #82,852
  • Dec 17, 2010 9:32am Dec 17, 2010 9:32am
Quoting Revstar
Cheers Greenhaze, I took the money on offer and have run! (1.3214)
thinking it may be an interesting place to loo long, but poor liquidity/ etc,. i dont know.. plus its Friday...
Nice one Revstar , it's always good to pull some money out from the market before weekend starts ;]
  • #82,853
  • Dec 17, 2010 9:34am Dec 17, 2010 9:34am
Quoting Thierry
Simple stuff. I know it is just 15 pips, but how easy can it be if you know where the FTA is.
Thanks guys.
You know you've got the 'essence' of the whole thing when that ride to FTA is worth more than only its weight in pips i.e 'just 15 pips'.

Fantastic post.

g.
I believe . . .
  • #82,854
  • Dec 17, 2010 9:35am Dec 17, 2010 9:35am
Quoting geniusztc
no one cares me
i closed my order @ 9667.
Hi geniusztc,

I see a double bottom, the zone was a support area..but dont see any PA setup for a buy.. if you could boxed in the chart.. it would help.

For me the 1st FTA will be the yellow area... 2nd FTA will be the 0.9725

Hope this helps.

Os.
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  • #82,855
  • Dec 17, 2010 9:36am Dec 17, 2010 9:36am
Quoting kayhan7070
lol Kay,

I think you nailed down the exit perfectly. What happens after that is best left to the market.

g.
I believe . . .
  • #82,856
  • Dec 17, 2010 9:39am Dec 17, 2010 9:39am
Quoting Osman
Just an update... TP Hit


g.
I believe . . .
  • #82,857
  • Dec 17, 2010 9:41am Dec 17, 2010 9:41am
Quoting Osman
Hi geniusztc,

I see a double bottom, and know that the zone was a support area..but dont see any PA setup for a buy.. if you could boxed in the chart.. it would help.

Os.
i set up the order because it has a double bottom and i just stop loss @ the bottom , 40 pips ST. i do not think it is a bad choice. and as you can see ,i closed it too early . i am scared .

the first time i set up TP position @ 9700---9725 ,but.........i am scared
A chart helps those who can read it.
  • #82,858
  • Dec 17, 2010 9:48am Dec 17, 2010 9:48am
Quoting geniusztc
no one cares me
i closed my order @ 9667.
Oops! Sorry about missing your post genius,

Someone wants some late Friday fun in the markets it seems. lol

Nice trade, though I genuinely feel a straight TP at 9720 was a bit ambitious. Remember you are on the 1H and price is better equipped to surprise you on the 1H as opposed to the weekly TF. I can see it exploded to your eventual TP but I can't help look at all the S/R areas in between your entry and the TP that price blew through - won't do it each time, so you need to ensure you don't get carried away by this single trade and feel like you had to ride it all the way to 9720.

g.
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I believe . . .
  • #82,859
  • Dec 17, 2010 9:50am Dec 17, 2010 9:50am
THis is the most fun friday we have seen in awhile. You pick your poison

wish i held onto that euraud more though LOL
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  • #82,860
  • Dec 17, 2010 9:51am Dec 17, 2010 9:51am
Quoting geniusztc
i set up the order because it has a double bottom and i just stop loss @ the bottom , 40 pips ST. i do not think it is a bad choice. and as you can see ,i closed it too early . i am scared .

the first time i set up TP position @ 9700---9725 ,but.........i am scared
Its something all traders have to overcome.. once you have more confidence in your trade you will have less fear.

You could put your stop loss @ BE
You could close partially your trade and let the rest ride.

There are many ways you can manage your trade, just have to find which one suits your trading style.

Take a look at this post from bluetrader,
http://www.forexfactory.com/showpost...ostcount=82742

Os.
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