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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

  • #87,081
  • Jan 26, 2011 3:58pm Jan 26, 2011 3:58pm
Quoting mbqb11
but I am not willing to let more profit away on this one
Yes, that is not a fun thing to do
Many choose unhappiness over uncertainty.
  • #87,082
  • Jan 26, 2011 3:58pm Jan 26, 2011 3:58pm
Quoting Donkey
Awesome trade!! If gold gives a retest and rejection of the 1350.00 with a nice PA bar would you consider getting back in as a continuation?
I won't say no as we never know what might develop, but outright the level is a lot less information for me and is pretty unlikely. But of course I will watch and see cause you never know what pops its face

Best
Mike
  • #87,083
  • Jan 26, 2011 4:05pm Jan 26, 2011 4:05pm
Quoting mbqb11
Hey John

In my view if that left eye doesn't hold on that bar there is nearly nothing to hold it down, so you can cut out for a pretty small loss once it breaks(the left eyes being the high of that BUOB). This is something I worked on a lot the last few years and it helps for those ones that just don't go as we though and don't have a ton of confluence or might be fighting strong trends(ie FTA an reverse price completely).

Just something to check out while you are doing your round ups

Mike
Hi Mike,

This strategies enlightens the way immensely mate.
Thank you very much.

Best
C80
  • #87,084
  • Jan 26, 2011 4:08pm Jan 26, 2011 4:08pm
Thats interesting... Do you see some kind of repetitive PA at the top/bottom?
If you see pb/beob/buob just ask yourself how many players are caught on the wrong side of the market ;]
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  • #87,085
  • Jan 26, 2011 4:21pm Jan 26, 2011 4:21pm
Gold has been treating me pretty well as well. Although I took the long route. If the daily closes above RN 342 I will hold on to my trades.
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  • #87,086
  • Jan 26, 2011 4:32pm Jan 26, 2011 4:32pm
I am keeping an eye on the 1.5950 area for some action.

K.I.S.S.
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  • #87,087
  • Jan 26, 2011 5:20pm Jan 26, 2011 5:20pm
Quoting DBallerz
Gold has been treating me pretty well as well. Although I took the long route. If the daily closes above RN 342 I will hold on to my trades.
lol...three different trades from different signals.....all from the same PA....2 short and 1 long!...and all in profit atm....

funny ole game..

jon
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PATIENCE... DISCIPLINE
  • #87,088
  • Jan 26, 2011 5:32pm Jan 26, 2011 5:32pm
All good things come to an end.

I think I need a new broker for my live account after FXDD Malta seems to have started using high spreads.

Look at USD/JPY 4 pips, is that not a ridiculous spread for this pair?
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  • #87,089
  • Jan 26, 2011 5:35pm Jan 26, 2011 5:35pm
Quoting g_j_hook@yah
lol...three different trades from different signals.....all from the same PA....2 short and 1 long!...and all in profit atm....

funny ole game..

jon
Did you take all the trades with the arrows?
  • #87,090
  • Jan 26, 2011 5:41pm Jan 26, 2011 5:41pm
Quoting Pinbar
All good things come to an end.

I think I need a new broker for my live account after FXDD Malta seems to have started using high spreads.

Look at USD/JPY 4 pips, is that not a ridiculous spread for this pair?
On an average daily move of 63 pips, it's asking a bit much all right.

You have enough friends here to help you decide on another broker. I've stuck with the devil I know since the start- all the best rated brokers seem to have variable spreads, and that puts me off them

Anyway, must sleep.

Night all
  • #87,091
  • Jan 26, 2011 5:51pm Jan 26, 2011 5:51pm
Quoting Pinbar
All good things come to an end.

I think I need a new broker for my live account after FXDD Malta seems to have started using high spreads.

Look at USD/JPY 4 pips, is that not a ridiculous spread for this pair?
Oandas spread is 1.1 atm give em a try.
  • #87,092
  • Edited 6:24pm Jan 26, 2011 5:57pm | Edited 6:24pm
Quoting DBallerz
Oandas spread is 1.1 atm give em a try.

Yeah, I was thinking it was rather high.

It has usually been around 1.5-2 they recently went with 5 digits supposedly to offer lower spreads. What a joke.

Thanks folks

EDIT:

Seems rather strange for USD/JPY to have the same 4 pip spread as XAG/USD.


Oanda is out, no MT4 and 50-1 leverage.
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  • #87,093
  • Jan 26, 2011 6:27pm Jan 26, 2011 6:27pm
Quoting DBallerz
Oandas spread is 1.1 atm give em a try.
I've seen it go down as low as 0.9, as with the EUR/USD.

Still use Metatrader for charting though
  • #87,094
  • Jan 26, 2011 6:32pm Jan 26, 2011 6:32pm
Quoting Pinbar
Yeah, I was thinking it was rather high.

It has usually been around 1.5-2 they recently went with 5 digits supposedly to offer lower spreads. What a joke.

Thanks folks

EDIT:

Seems rather strange for USD/JPY to have the same 4 pip spread as XAG/USD.


Oanda is out, no MT4 and 50-1 leverage.
Hey PB,

Oanda is releasing an MT4 platform. I think it only exists as a demo but I could be wrong:

http://fxtrade.oanda.com/community/f...7;t=005687;p=1

Hope it helps.
  • #87,095
  • Jan 26, 2011 6:47pm Jan 26, 2011 6:47pm
Quoting 5.25
Hey PB,

Oanda is releasing an MT4 platform. I think it only exists as a demo but I could be wrong:

http://fxtrade.oanda.com/community/f...7;t=005687;p=1

Hope it helps.

Thanks 5.25, I will look into it.

IBFX is another possibility.
  • #87,096
  • Jan 26, 2011 7:29pm Jan 26, 2011 7:29pm
Nice IPB in progress maybe just for quick scalp.I just couldn't say no.
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  • #87,097
  • Jan 26, 2011 9:26pm Jan 26, 2011 9:26pm
Quoting damien100
Ghous
Happy Birthday To You, hope it was a goody, sorry i'm late just concentrating on chart practice so behind with thread.
D
Hey Damien, thnx a lot bro!

g.
I believe . . .
  • #87,098
  • Jan 26, 2011 9:31pm Jan 26, 2011 9:31pm
Quoting Fxfighter
Nice IPB in progress maybe just for quick scalp.I just couldn't say no.


g.
I believe . . .
  • #87,099
  • Jan 26, 2011 9:36pm Jan 26, 2011 9:36pm
We have had some nice I4Bs for daily bars yesterday.

I am specially liking this one on Usd/Sgd. (In Eur/Aud and Eur/Cad as well)

g.
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I believe . . .
  • #87,100
  • Jan 26, 2011 10:00pm Jan 26, 2011 10:00pm
Quoting Greenhaze
Thats interesting... Do you see some kind of repetitive PA at the top/bottom?
If you see pb/beob/buob just ask yourself how many players are caught on the wrong side of the market ;]
They say curiosity killed the cat. In order to investigate a room, you must first enter it. that's what the weak buyers/sellers do when price tests an area beyond a strong PPZ. The weak buying/selling gets hit in the face by the bigger orders and that's where your Pin bar wicks and outside bar wicks come from and what validates them.

Nice post GH.



g.
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I believe . . .
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