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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

  • #92,181
  • Mar 24, 2011 4:44am Mar 24, 2011 4:44am
Quoting aserbfx
maybe a couple of days too late, but:
HAPPY HOLI !!!
HOLI HAI !!!
Yup Belated HAPPY HOLI to u too..
U trade like a Blietzkrieg...
  • #92,182
  • Mar 24, 2011 5:36am Mar 24, 2011 5:36am
Quoting ghous
Good to hear that Steve.

g.

Thanks Ghous.

Everything is fine apart from the great firewall.

It seems, I will be scoring a lucrative university position for a few days per month, & trading my account.

I have been in China 3 days and have more options open than 28 years in Japan.
  • #92,183
  • Mar 24, 2011 5:38am Mar 24, 2011 5:38am
Quoting Mak
Thank you. If I had entered this trade, I would have entered 10 pips below the low of the bar which would be 1.5904. But I would like to enter below 1.5900 as it is RN and it would get even closer to 150 ema.

If you want to enter a trade on the break out, how many pips will you leave below the low? Secondly the yellow line on my chart with red arrow is the reason for your pending order at 1.5980?

Thanks
Ammar
I think he had a pending order at 5980 because it's the 38% fib retracement of the BEOB. One entry method is to trade the break of the signal candle and another is to take an entry at a retracement area of the candle.
  • #92,184
  • Mar 24, 2011 5:41am Mar 24, 2011 5:41am
Quoting Pinbar
Thanks Ghous.

Everything is fine apart from the great firewall.

It seems, I will be scoring a lucrative university position for a few days per month, & trading my account.

I have been in China 3 days and have more options open than 28 years in Japan.
When you say "options open" do you mean ladies?
  • #92,185
  • Mar 24, 2011 5:51am Mar 24, 2011 5:51am
Quoting MCFly
I think he had a pending order at 5980 because it's the 38% fib retracement of the BEOB. One entry method is to trade the break of the signal candle and another is to take an entry at a retracement area of the candle.
Thanks MC. Then it is a confluence
  • #92,186
  • Mar 24, 2011 6:14am Mar 24, 2011 6:14am
Quoting Pinbar
Thanks Ghous.

Everything is fine apart from the great firewall.

It seems, I will be scoring a lucrative university position for a few days per month, & trading my account.

I have been in China 3 days and have more options open than 28 years in Japan.
Time and time again it's proven that a problem is just an opportunity in disguise
  • #92,187
  • Mar 24, 2011 6:21am Mar 24, 2011 6:21am
4 h buob of that broken flag pattern on daily. Could be good for a few pips. Not taking it though, got some crazy spread on that pair with my broker and I'm not too convinced about the setup. Could be fun to watch though.

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pat
  • #92,188
  • Mar 24, 2011 6:30am Mar 24, 2011 6:30am
Quoting spookie94
I see what your saying, but I'm really digging that S/R area.
Took it for a nice 1% gain! You gotta like the power of a nice S/R level.
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  • #92,189
  • Mar 24, 2011 6:33am Mar 24, 2011 6:33am
Aight, so volatility went down again, I gave back almost all my winnings of the past week within a day
  • #92,190
  • Mar 24, 2011 7:12am Mar 24, 2011 7:12am
Quoting spookie94
Took it for a nice 1% gain! You gotta like the power of a nice S/R level.
Nice!! Was thinking about it but ended up not taking it.
  • #92,191
  • Mar 24, 2011 7:25am Mar 24, 2011 7:25am
this could be a good area to watch for bearish PA?
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  • #92,192
  • Mar 24, 2011 7:26am Mar 24, 2011 7:26am
comments?
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  • #92,193
  • Mar 24, 2011 8:11am Mar 24, 2011 8:11am
Quoting pex
this could be a good area to watch for bearish PA?
That looks like a very strong level and it has longer history the your chart shows + AU is getting to the top of its channel.

As for the pinbar chart, it doesnt protrude much below the bar before and the location is weak imo hence it would be easy pass in my book.
  • #92,194
  • Mar 24, 2011 8:19am Mar 24, 2011 8:19am
Quoting Greenhaze
That looks like a very strong level and it has longer history the your chart shows + AU is getting to the top of its channel.

As for the pinbar chart, it doesnt protrude much below the bar before and the location is weak imo hence it would be easy pass in my book.
tnx greenhaze....still learning...
  • #92,195
  • Mar 24, 2011 8:31am Mar 24, 2011 8:31am
Here is one I am looking at short if it breaks .9260
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  • #92,196
  • Mar 24, 2011 8:36am Mar 24, 2011 8:36am
Quoting pex
comments?
If you look at the weekly chart this area will stand out. Some H4/daily pa there would be nice.
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  • #92,197
  • Mar 24, 2011 8:42am Mar 24, 2011 8:42am
Quoting tikky_tikky
Hi guys,

This is my first post here. Amazing that I just found this thread after I lost half of my trading fund so I'm back to demo again. The loss had a great effect on me psychologically since I am working in a third world country where one could live for 2 weeks on a $100 income with a family to feed. The impact was so great that at times, I cannot even "pull the trigger" in a demo account. So here I am, picking up the pieces again, hoping to regain my confidence. Hopefully I could gain enough funds to start trading live again after a year.

I'm...
Welcome TT

Glad to see you get back to demo , it's the smartest thing you can do

X gave you a good answer below

We want to see this bar at a better swing low. It's up near a swing high so you will be immediately hitting trouble areas.

Welcome to the thread ask as many questions as you need
Mike
  • #92,198
  • Mar 24, 2011 9:43am Mar 24, 2011 9:43am
Is it a fine setup? If it close above 1,62?

Any idea?
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  • #92,199
  • Mar 24, 2011 10:07am Mar 24, 2011 10:07am
Nice looking eurjpy 4 h buob on top of that blue box. Will take half of near 115 and move to BE.

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  • #92,200
  • Mar 24, 2011 10:17am Mar 24, 2011 10:17am
Quoting Panthera
Is it a fine setup? If it close above 1,62?

Any idea?
Hi,
only my opinion: when the 4 hr will close like it looks on the chart it is maybe better to let the trade pass. The reason is that the candle close is near a troube area. I think it would be better to wait for a break and retest of this area.

I'm not an expert and it's probably better you wait for a comment from mike, ghous...
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