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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

  • #87,761
  • Feb 2, 2011 9:45pm Feb 2, 2011 9:45pm
Anyone experienced in Oanda on how to take partial profits? I researched it a bit and the only option seems to take a short at TP but then I end up paying another spread lol. Am I doomed to making two separate orders?
  • #87,762
  • Feb 2, 2011 10:01pm Feb 2, 2011 10:01pm
Quoting DBallerz
Anyone experienced in Oanda on how to take partial profits? I researched it a bit and the only option seems to take a short at TP but then I end up paying another spread lol. Am I doomed to making two separate orders?
Don't think taking partial profits in Oanda is possible, that's why I've moved to MT4. One way to do it is if you open half your position in one account and the other half in another account or you can do it as you mentioned above. In either case you will be paying the spread twice.

Btw I was using Oanda for about 6 months, really like their tight spreads, the trialing stop functionality and customer service.
  • #87,763
  • Feb 2, 2011 10:03pm Feb 2, 2011 10:03pm
Quoting mbqb11
Yes I am glad you pointed that out. I meant to say about that. It is basically the bottom of the pin as is. So it really almost doesn't make sense since the BRN and bottom of the pin is so near. That is the issue I have with these smaller bars and watching people take full bar losses on them. So you get sort of handcuffed on a bar /situation like this b/c of that

Best
Mike

Oh, that clarifies what I thought you meant. Good Job Mike.
Thanks


----------------------------------------------------------------------------------
Too the person that just asked me about the PF in a PM, read Mike's reply and you will understand why I recommended it.
  • #87,764
  • Feb 2, 2011 10:29pm Feb 2, 2011 10:29pm
Just practicing PBT&CA or B.

Here is a beautiful example of what Jarroo is teaching us and an inspiration.
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  • #87,765
  • Feb 2, 2011 10:59pm Feb 2, 2011 10:59pm
Quoting Pinbar
Just practicing PBT&CA or B.

Here is a beautiful example of what Jarroo is teaching us and an inspiration.
Pin what is that indicator to show RN is called on the third chart?
  • #87,766
  • Feb 2, 2011 11:08pm Feb 2, 2011 11:08pm
Quoting DBallerz
Pin what is that indicator to show RN is called on the third chart?

It is the sweets spots gold indicator I modified to only put lines on teh right hand side of the chart.

You have to play around with the shift lines and set it up according to how large or small you view the candles.
Attached File(s)
File Type: ex4 SweetSpotsGold.ex4   5 KB | 593 downloads
  • #87,767
  • Feb 2, 2011 11:34pm Feb 2, 2011 11:34pm
Quoting DBallerz
Anyone experienced in Oanda on how to take partial profits?...
not too experienced...

just curious why u seem to abhor making 2 or more separate orders?
spreads issue?
Oanda's spreads are pretty tight, dont u think so?
  • #87,768
  • Edited Feb 3, 2011 1:05am Feb 2, 2011 11:48pm | Edited Feb 3, 2011 1:05am
Here is a quick video on that EUR/CHF area and why I like it.

Hope that any new people may get a little bit of inspiration by Jarroo's teachings as it shows us how we could have noticed this area and setup our chart, days & even weeks in advance.
EDIT: This is not a trade recommendation, it is simply my HO.
Also, the area is good but there is traffic below and we still have to wait for PA.


Inserted Video

http://www.youtube.com/watch?v=OEd0kPsOZD4
  • #87,769
  • Feb 3, 2011 12:21am Feb 3, 2011 12:21am
a nice, quick video, Sir.
thanks for sharing Steve.
  • #87,770
  • Feb 3, 2011 12:28am Feb 3, 2011 12:28am
Quoting Pinbar
Hi, Yes, some interesting names in the thread.

Got to start living up to my name, that is the problem in choosing such an illustrious one!

I was asked the same question earlier and decided a quick video may explain why, I am not so keen on this PB. Remember, I am a also newbie and this is only MHO.

Still, I remember when I would also have jumped on a PB like this one.
Hope this helps clarify why, I am not so keen on it.

http://www.youtube.com/watch?v=X4P2tWwadbc






EDIT: Also, take a look at that Daily PPZ on the weekly....



Here is the result of the NZD/USD PB, I posted that video on.

Looks like even I get it right, occasionally. LOL
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  • #87,771
  • Feb 3, 2011 12:31am Feb 3, 2011 12:31am
Quoting supremeChaos
a nice, quick video, Sir.
thanks for sharing Steve.

Just getting my thoughts together.

Thanks SC...
  • #87,772
  • Feb 3, 2011 12:32am Feb 3, 2011 12:32am
Quoting Pinbar
Here is a quick video on that EUR/CHF area and why I like it.

Hope that any new people may get a little bit of inspiration by Jarroo's teachings as it shows us how we could have noticed this area and setup our chart, days & even weeks in advance.

http://www.youtube.com/watch?v=OEd0kPsOZD4
http://www.youtube.com/watch?v=OEd0kPsOZD4
nice vid.
nice stuff Pinbar.
Hero calls followed by margin calls...
  • #87,773
  • Feb 3, 2011 12:46am Feb 3, 2011 12:46am
Quoting PhAnTi'
nice vid.
nice stuff Pinbar.

Glad you liked it.
If it helps just one person, that is enough reward for making it.

Also, the credit goes to that wonderful chap, Jarrrrrrrrrrrrooooooooo!
  • #87,774
  • Feb 3, 2011 12:56am Feb 3, 2011 12:56am
Quoting Ifmyante
Your SL should cover all fundies, it seems.

Although I wouldn't be trading fibre 10 minutes before NFP
Ya bud, NFP almost only news I'm watching for and stay away
  • #87,775
  • Feb 3, 2011 12:57am Feb 3, 2011 12:57am
Quoting mbqb11
Don't worry G, I am never aware of fundamentals, and purposely
Best
Mike
  • #87,776
  • Feb 3, 2011 1:06am Feb 3, 2011 1:06am
Good pin, strong support + RN confluence. Thoughts?
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  • #87,777
  • Feb 3, 2011 1:22am Feb 3, 2011 1:22am
Quoting DBallerz
Good pin, strong support + RN confluence. Thoughts?
Hi DB

I don't think it's a very long nose you're looking at

And remind me somebody please, is an head and shoulders invalid if it's engulfed on the left?
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  • #87,778
  • Feb 3, 2011 1:23am Feb 3, 2011 1:23am
Quoting DBallerz
Good pin, strong support + RN confluence. Thoughts?
unfortunately, i dont have the Gold chart/broker on this PC..

is this support based on daily & up charts?
relatively very small Pin. check out all the big candles on your chart.
also it didnt break upward on the succeeding candle.

this pin can work out ok, sometimes pretty well. just dont expect too much from this pin. it might be better to look for other setups..

hope that helps
  • #87,779
  • Feb 3, 2011 1:33am Feb 3, 2011 1:33am
Quoting Pinbar
Glad you liked it.
If it helps just one person, that is enough reward for making it.

Also, the credit goes to that wonderful chap, Jarrrrrrrrrrrrooooooooo!
Keep 'em comin' Pinbar

It's good for everybody
  • #87,780
  • Feb 3, 2011 1:49am Feb 3, 2011 1:49am
I keep getting "no connection" and "invalid account" on my FxPro MT4 platform.
Anyone any ideas why ?
G
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