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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

  • #84,741
  • Jan 6, 2011 8:31am Jan 6, 2011 8:31am
Mike and Jarroo,

Do you ever take a trade without PA? Or without breaking the PA bar?

Take the beob on gbp/usd, bare didn't broke but went short at 1.55 BRN. This trade went into a small lose, but for my mind this was a bad trade.
  • #84,742
  • Jan 6, 2011 8:33am Jan 6, 2011 8:33am
Quoting Thierry
Mike and Jarroo,

Do you ever take a trade without PA? Or without breaking the PA bar?

Take the beob on gbp/usd, bare didn't broke but went short at 1.55 BRN. This trade went into a small lose, but for my mind this was a bad trade.
Hey T

Jarroo does. Maybe once in a very blue moon I take a touch trade. But 99% I always wait for the break to confirm my bars. It is just how I am most comfortable. I had a pending short on that gbp/usd beob 12 pips under the bar which never got triggered. It's just part of what is most comfortable for me

Best
Mike
  • #84,743
  • Jan 6, 2011 8:35am Jan 6, 2011 8:35am
Quoting xmzhang
I didn't trade the break, I sold when price came back to the left eye of that PB, I was quite sure this setup would work out. I always enter on a pullback of a PA never on a break even when a PA hasn't been validated yet, that's just my style. In hindsight I should've scrolled down to the 5m-TF to look for a sell PA when price pulled back to the left eye, in the 5m-TF price didn't gave a sell PA but a buy PA instead via a big DBLHC closing strong above 15500 .......
PATIENCE... DISCIPLINE
  • #84,744
  • Jan 6, 2011 8:36am Jan 6, 2011 8:36am
Quoting ghous
Great question.

here you go.

http://www.youtube.com/watch?v=KHANmCrLIqM

g.
loved the video G. Got me thinking about another way of keeping track of my trades on my journal. Instead of concentrating on my win/loss percentage so much I will track the number of times I hit my FTA. This should help me recognize whether or not I'm locating S/R levels correctly. If I can improve on this percentage R/R should no longer be a factor and everything else should fall into place.
  • #84,745
  • Jan 6, 2011 8:38am Jan 6, 2011 8:38am
Quoting torontobboy2
How do I set target1 and Target2 in MetaTrader? For now I have the option to only set limit which closes my entire position.

Also, if target1 is hit I would like my stop loss to be placed just 5 pips below/above its position (kinda like break even). If there is no stop loss it places one at break even, and if there is one it moves it to break even.

Is there any script/indicator I can use to get this done in metatrader?

thread seems pretty active right now...so any help with this question pls??
  • #84,746
  • Jan 6, 2011 8:39am Jan 6, 2011 8:39am
this is one of my fav. formations...

http://www.forexfactory.com/showthre...252233&page=14

PATIENCE... DISCIPLINE
  • #84,747
  • Jan 6, 2011 8:40am Jan 6, 2011 8:40am
Quoting mbqb11
Hey T

Jarroo does. Maybe once in a very blue moon I take a touch trade. But 99% I always wait for the break to confirm my bars. It is just how I am most comfortable. I had a pending short on that gbp/usd beob 12 pips under the bar which never got triggered. It's just part of what is most comfortable for me

Best
Mike
Thanks mike. Love your approach about trading and the whole scenario. I must learn to be ultra picky.
  • #84,748
  • Jan 6, 2011 8:45am Jan 6, 2011 8:45am
Quoting torontobboy2
thread seems pretty active right now...so any help with this question pls??
Only way I know is to open 2 positions at once. Figure out what your lot size is based off your risk, then divid by 2 for each. Or divid by 3 if you close out 2/3 at FTA. Hope this helps.
  • #84,749
  • Jan 6, 2011 8:47am Jan 6, 2011 8:47am
Quoting g_j_hook@yah
Thanx
Pipcrawler
  • #84,750
  • Jan 6, 2011 8:51am Jan 6, 2011 8:51am
I've been visiting this thread and refreshing pages to read new posts...i have subscribed to this thread and i do get alerts but i am not pleased with that also as it does not bring in images..

so here is my question..

is there a way i can hook this thread with microsoft office outlook, and then view it there with all the pictures showing up in outlook?
  • #84,751
  • Jan 6, 2011 8:51am Jan 6, 2011 8:51am
could use some advise managing this one. Got in early off a retrace back to previous bar high. Just not sure when to bail or hold on?
Attached Image
  • #84,752
  • Jan 6, 2011 9:39am Jan 6, 2011 9:39am
Trade this at 9970 just above the the previous high's.
Take profit at 1.000
Will see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad 4h buob.gif Size: 20 KB
  • #84,753
  • Jan 6, 2011 9:48am Jan 6, 2011 9:48am
Quoting aserbfx
beautiful trade so far. couldn't work better.
took 50% off the table and moved stopp to breakeven. 55,55 eur at the moment...
jesus, lord, christ. i think i am going nuts...
Attached Image (click to enlarge)
Click to Enlarge Name: bay.GIF Size: 100 KB
meine augen sind die sterne
  • #84,754
  • Jan 6, 2011 9:59am Jan 6, 2011 9:59am
Quoting ghous
Great question.

here you go.

http://www.youtube.com/watch?v=KHANmCrLIqM

g.

Fantastic job G. .....I really liked your business model analogy(baby bottles).....Great instruction...you have a nice delivery

Bill
  • #84,755
  • Jan 6, 2011 10:18am Jan 6, 2011 10:18am
Quoting aserbfx
jesus, lord, christ. i think i am going nuts...
#HD is moving nicely also
Trade Smart
  • #84,756
  • Jan 6, 2011 10:26am Jan 6, 2011 10:26am
Quoting Pinbar
始めまして。
大丈夫です、貴方の英語はとても上等です。
二年間もこの掲示板を読みました。大驚きです。頑張れましたね。
横浜滞在の不良外人です、よろしくお願いします。
本当は不良ではないが、不良成りたいです。大笑い。

僕以外皆さんは優しいです、いっぱい教えてくれる。また大笑い。
頑張れましょう。。。。一番絞り飲みたい。ああああああああああああ。

２５年間日本に滞在しました、もイギリスに帰れないよ。
私の英語はだんだんとちんぷんかんぷんに成れ、最近外国人と出会うと何が話せば良いか分からない。本当です。[size=7]大笑い。

[size=3]Please...

Pinbarさんはじめまして。あたたかい言葉どうもありがとうございます 。
横浜の方なんですね。僕は岐阜です。それにしても日本在住２５ 年とは！　
自分もタイ（Thai）に数年住んだことありますが、、２５年異国の地（外 国）で暮らすっていうのは、なんというか想像つかないです。す ごい（笑）　
英語は、、読むのはそんなに難しくはないのですが、書く方は全然ちんぷんか んぷんで、ひとつ返事書いてると日が暮れてしまいます（日暮れの後の一番絞 りは最高ですが（笑

Much appreciate for the kind words Sir.
Reading thread(English) isnt much problem for me but writing is really problem. I even can`t match up with 3 year old baby. anyway I love Kirin Ichiban SHibori Beer（笑

PS:As far as I know, sir you are the first person inscribled Japanese(tattoohttp://cdn.forexfactory.com/images/s...m/big_grin.gif) in this huge thread. congratulationhttp://cdn.forexfactory.com/images/smilies/peace.gif
  • #84,757
  • Jan 6, 2011 10:31am Jan 6, 2011 10:31am
Quoting kancha1115
Pinbarさんはじめまして。あたたかい言葉どうもありがとうございます...

oh man
don't you guys make me start with my Russian
  • #84,758
  • Jan 6, 2011 10:32am Jan 6, 2011 10:32am
Quoting kancha1115
anyway I love Kirin Ichiban SHibori Beer（笑
I do too http://freeemoticonsandsmileys.com/a...eer%20chug.gif
  • #84,759
  • Jan 6, 2011 10:33am Jan 6, 2011 10:33am
Quoting Osman
#HD is moving nicely also
yes, i didn't take that because i was afraid to trade against the overall up-move.
hope you caught that.
meine augen sind die sterne
  • #84,760
  • Jan 6, 2011 10:36am Jan 6, 2011 10:36am
Quoting supremeChaos
genki... kenji?

your English is fine.
ganbatte ne... Keep posting
Maraming salamat,SupremeChaoshttp://cdn.forexfactory.com/images/s.../yim/happy.gif
I am a Ninja man(love hide&seek) in this thread though, I`ll try my best^^
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