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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

  • #97,981
  • Edited 4:09pm Jul 6, 2011 3:52pm | Edited 4:09pm
Dam this is such a beautiful setup for touch entry at 1.74..
only prob is it has to travel 90+ pip up for that..n i hate to think that..lets see.
EDIT: (With the overall Trend)
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  • #97,982
  • Jul 6, 2011 5:48pm Jul 6, 2011 5:48pm
Quoting AvanishDemo
Dam this is such a beautiful setup for touch entry at 1.74..
only prob is it has to travel 90+ pip up for that..n i hate to think that..lets see.
EDIT: (With the overall Trend)
Here was the formation I was speaking about in PM AV. I was watching this one on the 4hr and daily but b/c we bounced so many times on that rising TL in a downtrend, these can often break hard without any good pullback. I will still watch the underside again on a retest but it's not my favorite of the entries for breakout patterns

Best
Mike
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  • #97,983
  • Jul 6, 2011 7:07pm Jul 6, 2011 7:07pm
The 4H for EUR/USD has formed two nice pin bars at support.

This has probably been spotted before, I just wanted to subscribe to the thread
  • #97,984
  • Jul 6, 2011 7:12pm Jul 6, 2011 7:12pm
Quoting Pinbar
It all makes me think, I don't know what to think.

There again, I have just come back from my first night out alone in Harbin, full of beer a goodies, the total of which cost me about $5.00 USD. My good wife, is in Japan sorting some stuff out there.

This kind of night out, really makes one think about Everything.
Barbara & "Memories"
Is the Swan Hotel still there on the main drag? If So;
Left out of the Hotel & first Left at intersection. About 2 Blocks down there was a tiny, family owned resteraunt (4 Tables, 12 seats) that My wife & I ate at every time we didn't have an appointed meal.
Man... They were Sooo Kind & served Excelent food and would sit with us and between Our Very novice Manadarin & their hand signals & our pointing to the menu... we communicated.
So much so that by the second week of our three week stay... They had their Menu Translated & Printed in English for us.

Nice People. I hope they are still diong well.

{Jingtang? Is that the Beer I was drinking then?}

B
  • #97,985
  • Jul 6, 2011 7:25pm Jul 6, 2011 7:25pm
Quoting thermobee
Sup Homes
Caution Bullish guys.
Hastely drawn Channel on the Daily but I think you get my drift.
If she drops back in there... Keep em cinched.

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B
  • #97,986
  • Jul 6, 2011 8:07pm Jul 6, 2011 8:07pm
Quoting Bemac
Barbara & "Memories"
Is the Swan Hotel still there on the main drag? If So;
Left out of the Hotel & first Left at intersection. About 2 Blocks down there was a tiny, family owned resteraunt (4 Tables, 12 seats) that My wife & I ate at every time we didn't have an appointed meal.
Man... They were Sooo Kind & served Excelent food and would sit with us and between Our Very novice Manadarin & their hand signals & our pointing to the menu... we communicated.
So much so that by the second week of our three week stay... They had their Menu Translated...

I think I have seen that Hotel around, on my travels.

Maybe it was this Tsing Tao beer.

I only ever drink the Harbin beer in the green bottles.
Too many chemicals in the rest.

Restaurants turn over quick here.
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  • #97,987
  • Jul 6, 2011 8:53pm Jul 6, 2011 8:53pm
Quoting Bemac
Caution Bullish guys.
Hastely drawn Channel on the Daily but I think you get my drift.
If she drops back in there... Keep em cinched.

Attachment

B
Thanks Bemac.
  • #97,988
  • Jul 6, 2011 9:17pm Jul 6, 2011 9:17pm
Quoting Bemac
Caution Bullish guys.
Hastely drawn Channel on the Daily but I think you get my drift.
If she drops back in there... Keep em cinched.

Attachment

B

I hear you B.

That wick took out my SL in no uncertain terms.

In truth, I should have put the SL below the weekly BUEOB but, I had my head full of getting in at cheaper price at the previous bar high & I figured the BRN was going to hold.

This is where our heads can get us into trouble. Ouch.

I am still stalking it though. LOL
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  • #97,989
  • Jul 6, 2011 9:36pm Jul 6, 2011 9:36pm
Quoting Pinbar
...
Maybe it was this Tsing Tao beer.

...
Yes it was Tsing Tao. Thanks Pin. You helped bring back some very happy memories of Harbin.

B
  • #97,990
  • Jul 6, 2011 10:08pm Jul 6, 2011 10:08pm
I have enjoyed quite a few Tsing Tao's :-)

Nice one!

Quoting Pinbar
I think I have seen that Hotel around, on my travels.

Maybe it was this Tsing Tao beer.

I only ever drink the Harbin beer in the green bottles.
Too many chemicals in the rest.

Restaurants turn over quick here.
  • #97,991
  • Jul 7, 2011 12:39am Jul 7, 2011 12:39am
Quoting Bemac
Yes it was Tsing Tao. Thanks Pin. You helped bring back some very happy memories of Harbin.

B

My pleasure.
And if you are ever in this neck of the woods on a memory lane ramble or whatever. the drinks are on me!
  • #97,992
  • Edited 6:39am Jul 7, 2011 5:41am | Edited 6:39am
Hello everybody,

This is my first post and hoping to be an active participant from now on instead of being a lurker! Been lurking for a few weeks now.
I’ll start off by posting a chart – EURGBP Daily – marking recent PPZ and long-term PPZ. I have also marked FTA as I understand it. I would appreciate your comments or remarks on this. Go ahead and be brutally honest if that means I will learn something valuable.



Thanks very much,

Frxter
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  • #97,993
  • Jul 7, 2011 6:05am Jul 7, 2011 6:05am
Quoting kichigai
Don't recall where I got this, but it's a useful tool. Enter your balance, risk, stoploss you've established on the trade e.t.c. and it calculates the max lots you can trade. Remember this is per account, not per trade or pair!
This site is also good. http://www.earnforex.com/position-size-calculator
  • #97,994
  • Jul 7, 2011 8:08am Jul 7, 2011 8:08am
Here I am having another crack at it.

Am at BE and took profit off the table.

Let's see how it goes.
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  • #97,995
  • Jul 7, 2011 8:24am Jul 7, 2011 8:24am
Quoting Pinbar
Here I am having another crack at it.

Am at BE and took profit off the table.

Let's see how it goes.
Right now its going very good.

How are you doing? I see that your goal is to catch jarroo's 10,000+ posts.
  • #97,996
  • Jul 7, 2011 8:27am Jul 7, 2011 8:27am
Quoting Frxter
Hello everybody,

This is my first post and hoping to be an active participant from now on instead of being a lurker! Been lurking for a few weeks now.
I’ll start off by posting a chart – EURGBP Daily – marking recent PPZ and long-term PPZ. I have also marked FTA as I understand it. I would appreciate your comments or remarks on this. Go ahead and be brutally honest if that means I will learn something valuable.



Thanks very much,

Frxter
Hey Frxter

Welcome to the thread

I marked off a few PPZ(the blue boxes) on this pair. It's been a pretty sideways pair so you will tend to have more PPZs(as their are major and minor price pivot zones). We must also remember these areas are Zones. As for FTA, this comes into play more once you are in a trade. For example say a bar forms on one of your PPZs that you decide to trade. Then we use FTA to help determine potential problem areas for our trade

Again welcome to the thread
Mike
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  • #97,997
  • Jul 7, 2011 8:40am Jul 7, 2011 8:40am
Quoting mbqb11
Hey Frxter

Welcome to the thread

I marked off a few PPZ(the blue boxes) on this pair. It's been a pretty sideways pair so you will tend to have more PPZs(as their are major and minor price pivot zones). We must also remember these areas are Zones. As for FTA, this comes into play more once you are in a trade. For example say a bar forms on one of your PPZs that you decide to trade. Then we use FTA to help determine potential problem areas for our trade

Again welcome to the thread
Mike
Thanks, Mike. That's a nice illustration you've come up with there. You make it look so easy. I am taking notes. More posts coming up in the next few days. I'm here for the long haul.

Thanks again, mate.
  • #97,998
  • Jul 7, 2011 8:44am Jul 7, 2011 8:44am
Its Thursday, my first week using this method.

I had a lovely EUR JPY trade, which closed on +150 pips odd.
sell usd chf for +80 pips

i also went long on eur chf from yeserdays 4hr everyon was stalking, but i pulled out for +2pips. Because im trying to stick to only daily at the moment as James mentions.

But still i see the trade is all going good now.
  • #97,999
  • Jul 7, 2011 8:57am Jul 7, 2011 8:57am
It really is worth waiting for the 'A' trades. Took 2/3 off @ 9625 and remainder @9585 I'm trying to stick with daily charts, but moves this week have left me behind. By going down to H4, I got on board this one.
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  • #98,000
  • Jul 7, 2011 9:14am Jul 7, 2011 9:14am
Did anyone play the beautiful pin on the Eur/Usd? There is also a semi decent one on the Eur/Gbp. Im at work so I cant post charts but they are both on the 4H.
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