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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

  • #95,621
  • May 25, 2011 4:43am May 25, 2011 4:43am
Quoting jarroo
I've been away from this Thread to long . .


I hope and pray things are going well for you .my friend . .aserb . .

Get well soon . . sir


Jim
Hey jarroo

was just asking about you the other day.........great to see you back here big fella, the place aint the same without you!! If you have the time to post charts and keep us right that will be great!

Kal
  • #95,622
  • May 25, 2011 4:52am May 25, 2011 4:52am
Quoting Adilius07
6th winner in a row!
simple classic setup I think
Great stuff Adil,

Keep it going man - great to see you progressing! I did not have a pin on my feed so no trade for me there but you ertainly have an eye for a good trade.
Next target......7 in a row.

Kal
  • #95,623
  • May 25, 2011 5:01am May 25, 2011 5:01am
Quoting Bulava
Hi! May I know what kind of indicator in the upper right corner?
hello Bulava,
i think it's called "Magnified Market price" indicator
use the search tool, & look for "Magnified Market price", "MMPrice", or "THV MMPrice"

hope that helps
  • #95,624
  • May 25, 2011 5:02am May 25, 2011 5:02am
Quoting crusen
Sorry this is in hindsight, but still good learning opportunity for some:

Did anyone catch this?
I do most of my trading now from my mobile so can't post charts util I get to a computer.

Real obvious horizontal level which could be seen on Daily.
Also seen on 4h as shown here.
Breakout, orderly pullback with pin bar.
After reading so much about Touch trades, this time I did get the "feel" that the PA will retrace to 0.7700. I did enter the trade but a bit late though the PA retraced back to 0.7699 ( to the pip). Made some profit on Demo trading.
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  • #95,625
  • May 25, 2011 5:04am May 25, 2011 5:04am
Quoting Kalbar
Great stuff Adil,

Keep it going man - great to see you progressing! I did not have a pin on my feed so no trade for me there but you ertainly have an eye for a good trade.
Next target......7 in a row.

Kal
Hi Kal, thanks! Yes 7th in a row will be great!
  • #95,626
  • May 25, 2011 5:04am May 25, 2011 5:04am
Adilius

Just checked another feed i use sometimes and the Pin bar was there (attached). Might start using this feed instead of my current feed (fxcm) as there does seem to be a lot of setups posted here which I dont recognise on fxcm charts. Looks like Alpari charts are moe accurate.

Kal
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  • #95,627
  • Edited 5:20am May 25, 2011 5:09am | Edited 5:20am
Quoting Kalbar
Adilius

Just checked another feed i use sometimes and the Pin bar was there (attached). Might start using this feed instead of my current feed (fxcm) as there does seem to be a lot of setups posted here which I dont recognise on fxcm charts. Looks like Alpari charts are moe accurate.

Kal
Kal,

I am using 3 feeds: FxPro, Alpari, Oanda. All trades are entered in Oanda.
So I just have a schedule for when (and on what feed) the next H4 will close. This gives me pretty much busy schedule.

And also, for example I see a BUOB on Fxpro but I don't like it's close so much then I know that if I wait for an hour that close may look better on Alpari. So yeah, many times I look twice at the same bar on different feeds, but that's not hard really.

Just an idea I thought I'll share.
  • #95,628
  • May 25, 2011 5:13am May 25, 2011 5:13am
Quoting Adilius07
Kal,

I am using 3 feeds: FxPro, Alpari, Oanda. All trades are entered in Oanda.
So I just have a schedule for when (and on what feed) the next H4 will close. This gives me pretty much busy schedule.

And also, for example I see a BUOB on Fxpro but I don't like it's close so much then I know that if I wait for an hour that close will may look better on Alpari. So yeah, many times I look twice at the same bar on different feeds, but that's not hard really.

Just an idea I thought I'll share.
Like here: Oanda's show no PB, but I took it off Alpari where it was clear.
After some time I got used to those multi feeds, no problem really
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  • #95,629
  • May 25, 2011 5:15am May 25, 2011 5:15am
Quoting Kalbar
Adilius

Just checked another feed i use sometimes and the Pin bar was there (attached). Might start using this feed instead of my current feed (fxcm) as there does seem to be a lot of setups posted here which I dont recognise on fxcm charts. Looks like Alpari charts are moe accurate.

Kal
Man, I made two posts but forgot the bottom line. Just use both! why not more feeds more opportunities! I think.
  • #95,630
  • May 25, 2011 5:18am May 25, 2011 5:18am
Quoting Kalbar
...Just checked another feed i use sometimes and the Pin bar was there (attached). Might start using this feed instead of my current feed (fxcm)...
Kal
hello Sir Kal,
look closely, your FXCM feed (first chart) did have a pinbar... only difference was it's a 2-bar pinbar.

EDIT:
Adilius' Oanda feed also shows this 2-bar PB.
  • #95,631
  • May 25, 2011 5:22am May 25, 2011 5:22am
Quoting supremeChaos
hello Sir Kal,
look closely, your FXCM feed (first chart) did have a pinbar... only difference was it's a 2-bar pinbar.

EDIT:
Adilius' Oanda feed also shows this 2-bar PB.
Hi SC, I do notice those 2-bar most of the time.
But here I think it was not a PB.
Because the close of the second bar will be higher than the left eye, no?
  • #95,632
  • May 25, 2011 5:32am May 25, 2011 5:32am
Traded that too off the Alpari chart, great pinbar with the BRN 80 on it's side Exit at the red line.

Quoting Adilius07
Like here: Oanda's show no PB, but I took it off Alpari where it was clear.
After some time I got used to those multi feeds, no problem really
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  • #95,633
  • May 25, 2011 5:35am May 25, 2011 5:35am
Quoting artov
Traded that too off the Alpari chart, great pinbar with the BRN 80 on it's side Exit at the red line.
Awesome!

That red line was my second trouble area, but I'm a little chicken at this moment so took my profits fast... but I did reduce my risk on it by moving behind BRN (not much reduced I know, but I'm trying to gain some confidence in trading this way).

Nice trade Artov!
  • #95,634
  • May 25, 2011 5:37am May 25, 2011 5:37am
Quoting Adilius07
...I do notice those 2-bar most of the time.
But here I think it was not a PB.
Because the close of the second bar will be higher than the left eye, no?
it can be 2-bar, 3-bar, x-bar... depending on how u see things.

anyway, yes, on the above charts, the close is higher on the second bar. hence, this would be what i call as "non-strict" PB (which i trade from time to time).
but again, we look at the overall perspective or 'story' -- a PB with an unideal close wont necessarily make me avoid a trade.
remember, a PA setup ("correct looking" PB, BEOB etc) is just 1 factor we consider when taking a trade. moreover, not all correct looking PA setups work/work well.

having said that, traders newer than us should concentrate on trading the usual PA setups we show here.
  • #95,635
  • May 25, 2011 5:38am May 25, 2011 5:38am
Quoting supremeChaos
hello Sir Kal,
look closely, your FXCM feed (first chart) did have a pinbar... only difference was it's a 2-bar pinbar.

EDIT:
Adilius' Oanda feed also shows this 2-bar PB.
HeY Supremo

Hope you are going well. Yes saw that 2bar setup on FXCM but for me personally I like to see a good single bar setup if you know what i mean. It seems to have a more authentic ring to it. What i have found is that the Alpari charts seem to correspond with a lot of the charts posted here so might start using their charts more often. It is however, as Adilius points out, probably prudent to check different feeds to get an overall picture.

Kal
  • #95,636
  • May 25, 2011 5:40am May 25, 2011 5:40am
Quoting supremeChaos
it can be 2-bar, 3-bar, x-bar... depending on how u see things.

anyway, yes, on the above charts, the close is higher on the second bar. hence, this would be what i call as "non-strict" PB (which i trade from time to time).
but again, we look at the overall perspective or 'story' -- a PB with an unideal close wont necessarily make me avoid a trade.
remember, a PA setup ("correct looking" PB, BEOB etc) is just 1 factor we consider when taking a trade. moreover, not all correct looking PA setups work/work well.

having said that, traders newer...
Yes, completely agree with you SC! For now I also try to keep things as simple as possible. I used to aggregate bars to see 2D, H8, D3, W2 etc.

Now I don't do this, I will rather wait more to see clear setup on H4 or D.
I think that reduces a lot of stress associated with trading, at least for me for sure.

Thanks!
  • #95,637
  • May 25, 2011 6:14am May 25, 2011 6:14am
Quoting supremeChaos
hello Bulava,
i think it's called "Magnified Market price" indicator
use the search tool, & look for "Magnified Market price", "MMPrice", or "THV MMPrice"

hope that helps
Thank you!
Victory Loves Preparation
  • #95,638
  • May 25, 2011 6:36am May 25, 2011 6:36am
Does anyone know a broker (MT4 preferably) whos feed has H4 that close between Alpari's and Oanda's H4?

For example, this is my schedule (local times)

11:00 FxPro H4
12:00 Alpari H4
14:00 Oanda H4

15:00 FxPro H4
16:00 Alpari H4
18:00 Oanda H4

19:00 FxPro H4
20:00 Alpari H4
22:00 Oanda H4

There is 2 hours break between Alpari and Oanda, I wish there was a broker with H4 closing in between, so I can fill this gap.

If anyone can point that broker will greatly appreciate! Thanks!
  • #95,639
  • May 25, 2011 6:41am May 25, 2011 6:41am
Quoting Adilius07
Does anyone know a broker (MT4 preferably) whos feed has H4 that close between Alpari's and Oanda's H4?

For example, this is my schedule (local times)

11:00 FxPro H4
12:00 Alpari H4
14:00 Oanda H4

15:00 FxPro H4
16:00 Alpari H4
18:00 Oanda H4

19:00 FxPro H4
20:00 Alpari H4
22:00 Oanda H4

There is 2 hours break between Alpari and Oanda, I wish there was a broker with H4 closing in between, so I can fill this gap.

If anyone can point that broker will greatly appreciate! Thanks!
Hi Adi,

Admiral markets has a close between alpari and oanda.

The ones I'm using are: fx pro, alpari, admiral markets, fxcm

pat
  • #95,640
  • May 25, 2011 6:42am May 25, 2011 6:42am
Quoting plund
Hi Adi,

Admiral markets has a close between alpari and oanda.

The ones I'm using are: fx pro, alpari, admiral markets, fxcm

pat
Thanks Pat!!! Going to their website to download a platform!
That is really cool thank you so much!
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