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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

  • #87,801
  • Feb 3, 2011 5:42am Feb 3, 2011 5:42am
Quoting Pinbar
This is the postmortem on the EUR/GBP pinbar.
This was a demo trade as it was not even in my mind an A+ setup at the time.

I feel it is best to learn something from failed trades, rather than ignoring them and I am interested in hearing anyone's opinions.

http://www.youtube.com/watch?v=A4RJtJjPH7U
Great video, I half liked the short here but trading back to BRN put me off. just shows how we all see it differently!
  • #87,802
  • Feb 3, 2011 5:49am Feb 3, 2011 5:49am
Hi people I'm short on EUR/AUD I have moved SL to BE and your thoughts on managment/exit would be greatly appreciated.http://www.forexfactory.com/images/icons/icon7.gifeuraud2.jpg
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  • #87,803
  • Feb 3, 2011 5:57am Feb 3, 2011 5:57am
Stepping aside from the thread briefly...

Anyone using an Apple Mac based broker other than Oanda? I'm looking for NY close charts WITH charting capabilities e.g MT4 style. Running a PC and Mac is growing tiresome.

Thanks
  • #87,804
  • Feb 3, 2011 5:58am Feb 3, 2011 5:58am
Quoting Ifmyante
Good music keeps me calm
music is always great.
  • #87,805
  • Feb 3, 2011 6:15am Feb 3, 2011 6:15am
Quoting supremeChaos

i hear u
it takes a LOT of practice & a bit of luck.
Don't know much about luck, but it certainly takes lots of practice and patience
(update: E-A has moved already more than 150 pips away from my entry point lol)
Pipcrawler
  • #87,806
  • Feb 3, 2011 6:23am Feb 3, 2011 6:23am
Wish list

I wish this had made a perfect double top
I wish it had closed H4 under RN

I wish petrol was cheaper
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  • #87,807
  • Feb 3, 2011 6:29am Feb 3, 2011 6:29am
Will this ancient trendline work again?
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  • #87,808
  • Feb 3, 2011 6:30am Feb 3, 2011 6:30am
Quoting xmzhang
Don't know much about luck, but it certainly takes lots of practice and patience
(update: E-A has moved already more than 150 pips away from my entry point lol)
yeah, it happens. price moves in favor of our trades more after we exit/get stopped out
we just laugh at it, try to learn from the experience & move on..

Quoting madboy
Will this ancient trendline work again?
not saying this TL will/will not work..
but
TLs are like horizontal S/R's-- they work, but in time, get broken as well.
  • #87,809
  • Feb 3, 2011 6:36am Feb 3, 2011 6:36am
Quoting 5.25
Stepping aside from the thread briefly...

Anyone using an Apple Mac based broker other than Oanda? I'm looking for NY close charts WITH charting capabilities e.g MT4 style. Running a PC and Mac is growing tiresome.

Thanks
Hey 5, how's it going.

I've used virtualization applications like "VirtualBox" (free) which lets you run windows applications on your Mac. Go to VirtualBox.org I think to download it. There is also Parallels which does the same thing but is a commercial product (it may be easier to use).

Either way be sure to have a windows cd available or an iso file from 'somewhere'.

Hope this helps,

-- Danny
  • #87,810
  • Feb 3, 2011 6:38am Feb 3, 2011 6:38am
Hey it's you SC my friend, I didn't notice that it was you because of you new avatar, I thought you was a new kid on the block ........ very fuuuuuuuuny avatar you have, must get used to it that it represents you
Pipcrawler
  • #87,811
  • Feb 3, 2011 6:42am Feb 3, 2011 6:42am
Quoting xmzhang
Hey it's you SC my friend, I didn't notice that it was you because of you new avatar, I thought you was a new kid on the block ........ very fuuuuuuuuny avatar you have, must get used to it that it represents you

got u there for a few minutes, huh?
dont underestimate a small drummer boy
  • #87,812
  • Feb 3, 2011 6:47am Feb 3, 2011 6:47am
Quoting supremeChaos
havent checked this latest vid...

a few observations:
-relatively small pin.
-i think this is 1 example of waiting for a decisive break for a pin. (if i remember correctly, u said it only broke 3pips when u opened a position)
-avoid trading towards a PPZ &/or RN/BRN. (this pin was trading into 0.86, which was only about 25pips away)
-price was relatively rangy, looking at your chart
-0.8500 didnt hold as support (this was near the PB's low). it was broken with momentum too.

good thing this is a demo trade

edit:
viewed it just now..
Thanks SC...I think you even pointed out some things I missed.

Appreciate it.
  • #87,813
  • Feb 3, 2011 6:49am Feb 3, 2011 6:49am
Quoting Ifmyante
Good music keeps me calm
http://www.youtube.com/watch?feature...&v=wjfc92xm7RE

Yeah, Rachael does a real sexy job of the orgasmic section of that song.
  • #87,814
  • Feb 3, 2011 6:55am Feb 3, 2011 6:55am
Quoting bluetrader
Hey 5, how's it going.

I've used virtualization applications like "VirtualBox" (free) which lets you run windows applications on your Mac. Go to VirtualBox.org I think to download it. There is also Parallels which does the same thing but is a commercial product (it may be easier to use).

Either way be sure to have a windows cd available or an iso file from 'somewhere'.

Hope this helps,

-- Danny
Hey Danny, I just came across it! All I need to do is find me a Windows CD Good to get some feedback. Big thanks!

http://forexproject.com/forex_media/...geViewsIndex=1

Tomek
  • #87,815
  • Feb 3, 2011 6:58am Feb 3, 2011 6:58am
MBQB11 or Inside Bar experts

Curious as to your insight on:

My trading method is similar to what I see here, I note real obvious horizontal S/R levels, look for strong momentum through (and closing) past these levels and wait for a weak pullback to these levels, wait for a pin or engulfing type of price action and then take the trade with the original recent momentum. (my take profit is very different than what I see in here, by the way)

Question is, there are QUITE OFTEN times where my levels produce nice halts in price where price shoots off into the direction that I was looking for without any pin or engulfing PA. I do sometimes go to a smaller timeframe to find price action at these levels but what I do see time and time again is an Inside Bar on the timeframe that I am watching at these levels.

What are your thoughts on the PA of Inside Bars in the scenario described.
  • #87,816
  • Feb 3, 2011 7:00am Feb 3, 2011 7:00am
Let the price come to you,don't chase it.
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  • #87,817
  • Feb 3, 2011 7:15am Feb 3, 2011 7:15am
Quoting Pinbar
Yeah, Rachael does a real sexy job of the orgasmic section of that song.
How many modern popular 'artists' will we want to hear 20, 30 years from now?

Okay, rant over
  • #87,818
  • Feb 3, 2011 7:29am Feb 3, 2011 7:29am
[quote=Pinbar;4367776]
I feel it is best to learn something from failed trades, rather than ignoring them and I am interested in hearing anyone's opinions.

good video..thanks for helping the newbies
  • #87,819
  • Feb 3, 2011 7:30am Feb 3, 2011 7:30am
Quoting Ifmyante
How many modern popular 'artists' will we want to hear 20, 30 years from now?

Okay, rant over

I don't want to hear any of them now, let alone 20 years from now. LoL
  • #87,820
  • Feb 3, 2011 7:40am Feb 3, 2011 7:40am
Quoting Pinbar
I don't want to hear any of them now, let alone 20 years from now. LoL
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