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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

  • #93,041
  • Apr 6, 2011 6:09am Apr 6, 2011 6:09am
Quoting Adilius07
I think this is awesome H8 BEOB (h4 too obviously)
My sell order is 1.6260
I mean what can be easier than this?
Sure trade, I'm sure!!
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  • #93,042
  • Apr 6, 2011 6:11am Apr 6, 2011 6:11am
Hey Ifmy, I see you online, what do you think about SD on this H8 chart I posted just now?
  • #93,043
  • Apr 6, 2011 6:22am Apr 6, 2011 6:22am
Quoting Adilius07
Hey Ifmy, I see you online, what do you think about SD on this H8 chart I posted just now?
Hi Adi,

I know I shouldn't go into H1, but there was a decision made on value recently at A. If this gets breached though, B looks good.

Gotta do a school run. See you later
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  • #93,044
  • Apr 6, 2011 6:24am Apr 6, 2011 6:24am
Quoting Shawshank
Hi everyone.

I am a complete and utter fresh fish newbie at all this stuff but have been reading a fair amount on this thread and trying to get my head around everything.

Excuse me if these are really stupid questions but when I'm looking at the charts which are often daily charts I am seeing, for instance, a double high then a low and then a sell.

My questions are:

When you see this and trade on it, I guess it's the million dollar question of when to get in and when to get out but roughly how many pips are you trying for in general?

How...
Hey shawshank,

As many seniors will tell you each trade is different so there is no set answer to these questions. Its a matter of getting some experience trading and developing your method so you can easily adapt.

Getting in: some traders wait for a break of PA, others like to get in early on retraces. Best trades have many confluences (fibs, PPZ, BRN, EMA, ect.).
Getting out: Its not so much of how many pips to shot for as opposed to what the market is likely to give you. This all comes down to PPZ (or FTA). Many traders will not take a trade if their RR is less than 1:1.

Trades can last weeks or just minutes. Momentum is a big facture. Also, is the trade likely to find new S/R to keep you in. James' last trade is a good example of this.

Sorry for the short response, my time is limited today. Follow the tread, and work on finding those S/R levels. Good luck.
  • #93,045
  • Apr 6, 2011 6:25am Apr 6, 2011 6:25am
Oh

Weekly.... hourly... why can't we just stay with H4 and all love this setup I am currently in

Just kidding, I see your point Ifmy, thank you!
  • #93,046
  • Apr 6, 2011 6:30am Apr 6, 2011 6:30am
Anyone interested in football? (I mean soccer)

http://www.fanhouse.co.uk/2011/04/06...yard-volley%2F
  • #93,047
  • Apr 6, 2011 6:34am Apr 6, 2011 6:34am
Quoting Ifmyante
Hi Adi,

I know I shouldn't go into H1, but there was a decision made on value recently at A. If this gets breached though, B looks good.

Gotta do a school run. See you later
Same tougts here ...

Ifmy.. you beat me to it
  • #93,048
  • Apr 6, 2011 6:36am Apr 6, 2011 6:36am
Quoting six gun
Anyone interested in football? (I mean soccer)

http://www.fanhouse.co.uk/2011/04/06/video-inters-dejan-stankovic-scores-incredible-50-yard-volley/?icid=main|uk|dl8|link5|http%3A%2F%2Fwww.fanhouse.co.uk%2F2011%2F04%2F06%2Fvideo-inters-dejan-stankovic-scores-incredible-50-yard-volley%2F
well, let's add that schalke won this game in milan with 5-2. yes!
meine augen sind die sterne
  • #93,049
  • Apr 6, 2011 6:38am Apr 6, 2011 6:38am
And it was a preaty strong PPZ in the past ...
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  • #93,050
  • Apr 6, 2011 6:44am Apr 6, 2011 6:44am
Let's see how the weekly closes!
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Nothing personal,just business
  • #93,051
  • Apr 6, 2011 6:44am Apr 6, 2011 6:44am
Quoting FxPrelude
And it was a preaty strong PPZ in the past ...
I must say looking left to previous areas of support and resistance, those were my thoughts as well.
  • #93,052
  • Apr 6, 2011 6:45am Apr 6, 2011 6:45am
Quoting aserbfx
the ppz at 2.12 was to strong. now the low at 2.09 will be a good place to look for price action.
yea this was tricky..glad i skipped it
i rather see it touched 150 ema n reverted back strongly..
i think BUOB close above 2.12 or CA 150ema would hv been better..
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  • #93,053
  • Apr 6, 2011 6:56am Apr 6, 2011 6:56am
@ FXPrelude

Just looking at your chart and I'm just wodering why my 4h chart looks so danm different than you and everybody else.... It looks like a whole different chart...

I've got FXPro as a broker.... and I am starting to wonder if it's time to get rid of them...
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How bad do you want it? That's the attitude!
  • #93,054
  • Apr 6, 2011 6:58am Apr 6, 2011 6:58am
Quoting FxPrelude
And it was a preaty strong PPZ in the past ...
Looks to be more resistance than support, the price moves are certainly bigger under the PPZ than above it.
  • #93,055
  • Apr 6, 2011 7:00am Apr 6, 2011 7:00am
Quoting six gun
I must say looking left to previous areas of support and resistance, those were my thoughts as well.
And this PPZ is not the only thing ...there is 38 fibo + BRN 1.6250 as well going against that BEOB on H8 TF ....
I actualy jumped on it on 30min TF ... for a quick 30-40 pip profit if it goes well if not i will be happy with BE .
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  • #93,056
  • Apr 6, 2011 7:01am Apr 6, 2011 7:01am
eur / cad forming a triangle. waiting for a good move...
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meine augen sind die sterne
  • #93,057
  • Apr 6, 2011 7:07am Apr 6, 2011 7:07am
Quoting soavesoave
@ FXPrelude

Just looking at your chart and I'm just wodering why my 4h chart looks so danm different than you and everybody else.... It looks like a whole different chart...

I've got FXPro as a broker.... and I am starting to wonder if it's time to get rid of them...
Allmost all brokers have diferend feeds because of diferend time zones and the time they use to close the day . And some have wery bad feed or they trade against their clients wich afects the charts a bit ...
Yes its furstrating i know ....
  • #93,058
  • Apr 6, 2011 7:14am Apr 6, 2011 7:14am
Quoting Dan-FX
Looks to be more resistance than support, the price moves are certainly bigger under the PPZ than above it.
Yes it does ... but the price went above it 2 times and didnt stay above it nou its 3th time above it ... so hopefuly it will stay above .
You know what they say thirth time is a charm
  • #93,059
  • Apr 6, 2011 7:20am Apr 6, 2011 7:20am
Quoting soavesoave
@ FXPrelude

Just looking at your chart and I'm just wodering why my 4h chart looks so danm different than you and everybody else.... It looks like a whole different chart...

I've got FXPro as a broker.... and I am starting to wonder if it's time to get rid of them...
I get that alot with FXPRO

Press the refresh button

If that doesn't work

Press F2 to open the History Centre.
Double click the symbol that's missing info.
Double click the TF you'd like to fix.
Press download
Close History Centre
Right click the chart
Press refresh


I spend most of every day doing this. Still haven't gotten round to reinstalling the platform

It is alot better since I dumped all my indi's though
  • #93,060
  • Apr 6, 2011 7:38am Apr 6, 2011 7:38am
Quoting Adilius07
Ahh nice!!!

But those, even that good looking onces freak me out, when I think of taking a breakout continuation BEOB at the swing low - that's it I'm paralized
I try not to post many continuation bars in this thread b/c you are right they ARE trickier. BUT the key here is the breakout pattern, that is the biggest starting building block on that trade.

I agree though start with these bars in the j16 place FIRST for sure

Best
Mike
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