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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

  • #94,541
  • Apr 28, 2011 7:16am Apr 28, 2011 7:16am
Quoting PhAnTi'
youre welcome.

id like to trade break outs on the smaller timeframes, m5 or m1...

tight stops obv.
5m and 1m, eh? Trading those timelines will either kill my trading, or kill my work productivity!!! (See work screen shot attachment)
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  • #94,542
  • Apr 28, 2011 7:55am Apr 28, 2011 7:55am
Quoting Adilius07
I liked that one too, but the fact that it is trading right into 1.3 made me skip it.
thanks for the feedback. I'll be watching it when/if it hits the 1.3.
  • #94,543
  • Apr 28, 2011 7:59am Apr 28, 2011 7:59am
I just wanted to send my prayers and thoughts to anyone effected by these devastating tornadoes.

I hope that anyone in that area is safe as well as their families

My thoughts with those down South

Mike
  • #94,544
  • Apr 28, 2011 8:29am Apr 28, 2011 8:29am
Quoting plund
Hi Adi,

Looks like your 2 week beob did well.

pat
Hi Pat,

Unfortunately it was BE two days after entry...
  • #94,545
  • Apr 28, 2011 8:33am Apr 28, 2011 8:33am
Hey 5.25

I see that you own a mac, how are you running meta trader on it??

I have one but can't install it, or are you running the web based platform?

Thanks
How bad do you want it? That's the attitude!
  • #94,546
  • Apr 28, 2011 8:45am Apr 28, 2011 8:45am
Quoting soavesoave
Hey 5.25

I see that you own a mac, how are you running meta trader on it??

I have one but can't install it, or are you running the web based platform?

Thanks
Hey,

I trade with Oanda because they offer multi station and multi platform software, Mac, PC, iphone etc. I do all my charting with Meta Trader through a Windows emulator called Parrallels all on my Power Book at home. Hope this helps.
  • #94,547
  • Apr 28, 2011 8:58am Apr 28, 2011 8:58am
Quoting shiva123
hi i am new to this comunity, wish to learn more and wish to make many friends.....trader friends foe mutual benefits, pls keep me in your thoughts
Hey Shiva

Welcome to the thread, hang around your sure to meet a lot of great people here

Best
Mike
  • #94,548
  • Apr 28, 2011 9:04am Apr 28, 2011 9:04am
Quote
Hey,

I trade with Oanda because they offer multi station and multi platform software, Mac, PC, iphone etc. I do all my charting with Meta Trader through a Windows emulator called Parrallels all on my Power Book at home. Hope this helps.

Thanks, I'll look into that.
How bad do you want it? That's the attitude!
  • #94,549
  • Apr 28, 2011 10:14am Apr 28, 2011 10:14am
Quoting Adilius07
Hi Pat,

Unfortunately it was BE two days after entry...
  • #94,550
  • Apr 28, 2011 11:18am Apr 28, 2011 11:18am
Here are just some thoughts on the current trade I am in on the daily BUOB GBP/JPY. (It is not shown on this chart because of the feed, but you can get the picture.)

Currently price is retracing about 50% into this bar. I am still comfortbale holding this position for a few reasons. It may not work out, but the point is that I am going about this logically.

The bar highs at 136 are very significant to the trade managment of this trade for me. If we close below, I will definitely be moving my stop up.

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  • #94,551
  • Apr 28, 2011 11:42am Apr 28, 2011 11:42am
Quoting 5.25
5m and 1m, eh? Trading those timelines will either kill my trading, or kill my work productivity!!! (See work screen shot attachment)

lol...how can you concentrate with the charts there!!!!

haha...i take my hat off to you

jon
PATIENCE... DISCIPLINE
  • #94,552
  • Apr 28, 2011 12:19pm Apr 28, 2011 12:19pm
took this nice breakout after opening of nyse on aon.
long since 52.82 usd, currently floating at the fta at 53.30, so about +1 % so far. stop at break even.
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meine augen sind die sterne
  • #94,553
  • Apr 28, 2011 2:02pm Apr 28, 2011 2:02pm
Quoting dmc
Here are just some thoughts on the current trade I am in on the daily BUOB GBP/JPY. (It is not shown on this chart because of the feed, but you can get the picture.)

Currently price is retracing about 50% into this bar. I am still comfortbale holding this position for a few reasons. It may not work out, but the point is that I am going about this logically.

The bar highs at 136 are very significant to the trade managment of this trade for me. If we close below, I will definitely be moving my stop up.

Attachment
I am in both the GBPJPY long and the GBPUSD long from yesterday's BUOB. Both look like good trades. Both of them took off in the right direction during the Japanese trading hours, but both have since retraced.

I am definetely holding these for a while, the trades just look good, and if I lose, then I lose, no big deal.
  • #94,554
  • Apr 28, 2011 2:04pm Apr 28, 2011 2:04pm
Quoting aserbfx
took this nice breakout after opening of nyse on aon.
long since 52.82 usd, currently floating at the fta at 53.30, so about +1 % so far. stop at break even.
i see that u take breakout trades but how do u enter ?
10pip buffer?
or enter the trade in the middle as soon as it breaks?
sry all i know abt breakout is wat Mike says..like a clutter of bars and keeping a 10pip buffer..
  • #94,555
  • Apr 28, 2011 2:09pm Apr 28, 2011 2:09pm
Quoting AvanishDemo
i see that u take breakout trades but how do u enter ?
10pip buffer?
or enter the trade in the middle as soon as it breaks?
sry all i know abt breakout is wat Mike says..like a clutter of bars and keeping a 10pip buffer..
on that particular trade, i was in front of the screen and entered manually. it depends on the time, too. aon moved higher very fast in the first minutes. then the likelihood of breaking through a s/r-zone is higher as later in the day.

on the weekly charts, i always enter with stop-orders. just a few cents above/below a zone.
hth
meine augen sind die sterne
  • #94,556
  • Apr 28, 2011 3:51pm Apr 28, 2011 3:51pm
hello here, I hope that I can join to your community. I wanna know what do you think about this counter-trend pin bar on gbp usd. I have some S/R zone from year 2009 and trend line.

http://img10.imageshack.us/img10/356...gstardaily.gif
  • #94,557
  • Apr 28, 2011 3:58pm Apr 28, 2011 3:58pm
i think now is testing important zone, ema365, fib61.8...but i m just a big newbie. just learning. Words be very appreciated.

Thank you
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The only constant is change
  • #94,558
  • Apr 28, 2011 5:44pm Apr 28, 2011 5:44pm
Quoting hooky
hello here, I hope that I can join to your community. I wanna know what do you think about this counter-trend pin bar on gbp usd. I have some S/R zone from year 2009 and trend line.
Hello Hooky..
well js my 2pips..
i'm not really convinced with this Pinbar..so im skipping it even if it works out!
the location looks good 1.67..but i think for me Pinbar's Close Below 1.66 would have been better..
wat concerns me is price reactions @ 1.66(marked with yellow n arrows,Weekly chart)..

im newbie too so take it with a grain of salt!
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  • #94,559
  • Apr 28, 2011 6:38pm Apr 28, 2011 6:38pm
Quoting AvanishDemo
Hello Hooky..
well js my 2pips..
i'm not really convinced with this Pinbar..so im skipping it even if it works out!
the location looks good 1.67..but i think for me Pinbar's Close Below 1.66 would have been better..
wat concerns me is price reactions @ 1.66(marked with yellow n arrows,Weekly chart)..

im newbie too so take it with a grain of salt!
Bingo! Ain't nothing newbie about that analysis Avanish

And welcome Hooky, glad to have ya

Mike
  • #94,560
  • Apr 28, 2011 7:52pm Apr 28, 2011 7:52pm
Quoting AvanishDemo
Hello Hooky..
well js my 2pips..
i'm not really convinced with this Pinbar..so im skipping it even if it works out!
the location looks good 1.67..but i think for me Pinbar's Close Below 1.66 would have been better..
wat concerns me is price reactions @ 1.66(marked with yellow n arrows,Weekly chart)..

im newbie too so take it with a grain of salt!

I was just scanning that PB as I read your post and I agree, I just don't like it. Looks like it is off a good area on the monthly though.
It is one of those trains that can leave the station without me.
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