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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

  • #99,201
  • Jul 24, 2011 7:04pm Jul 24, 2011 7:04pm
Quoting supremeChaos
Pinbar's abbreviation list
THANKS, DUDE! That's gonna be a big help while I try to get this figured out.
P.S.: Side note. Had a light bulb go on. I have a link where you can download a PDF of the ultimate guitar chord chart. When I get a chance, I'll dig it up and pass it on via a personal message. Keep strummin' and bummin'.
"The only way to win the game is not to play." - B. S. Miller
  • #99,202
  • Jul 24, 2011 7:14pm Jul 24, 2011 7:14pm
not chart wise, but feeling wise:

I'd short usd/chf instead of eur/chf; and ok, there's a pin there too.

but that if, after filling the gap, it'll break the nose of the pin. Till I don't see the gap filled and then going back down, I'm on the sidelines(or, ok, long gbp/chf...).

basically, I want to see it go to .818, then I'd look to short it if it goes under .814 if I'm awake and can asses the situation(don't like the current week at all, so not willing to leave stop limit orders)
  • #99,203
  • Jul 24, 2011 7:17pm Jul 24, 2011 7:17pm
Quoting supremeChaos
Pinbar's abbreviation list

EDIT:
Amart83

Thanks SC, PB's been out on the Razzle in Harbin, the last few days.
Until, his wife get's back from Japan, Today!

Actually, They are Mike's Abbreviations with some additions.
  • #99,204
  • Jul 24, 2011 7:33pm Jul 24, 2011 7:33pm
Quoting ghous
That's a problem you'll always face trading near the Friday close.

Your trade wasn't only vulnerable to thin volumes for all that was left of Friday, its also vulnerable to gaps and thin volumes on Money open.

Clearly I would never want to hold my intra day trades over the weekend unless I was well protected and/or comfortably in the green. taking a trade near Friday close is out of question.

BTW what prompted you to go long? I don't see you taking the break of the BUOB nor a retracement of it?



g.
thank you ghous. I traded on friday ,just because i think the support zone on weekly chart will give price some REACTION. and you are right ,orders on friday is more dangerous than usual. It is my luck .

http://www.forexfactory.com/showthre...229183&page=26

and 0.9580 is my target point on daily chart , if i am still luck.

thank you for sharing me your ideas ,my friends .good luck.
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A chart helps those who can read it.
  • #99,205
  • Jul 24, 2011 7:40pm Jul 24, 2011 7:40pm
Quoting CalistogaKid
THANKS, DUDE! That's gonna be a big help while I try to get this figured out.
P.S.: Side note. Had a light bulb go on. I have a link where you can download a PDF of the ultimate guitar chord chart..
thanks Sir.
first things first: buy a guitar & free up some time (For now, i play instruments in my head)
Quoting Pinbar
...PB's been out on the Razzle in Harbin, the last few days.
Until, his wife get's back from Japan, Today!...
enjoy it while it lasts
  • #99,206
  • Jul 24, 2011 7:41pm Jul 24, 2011 7:41pm
Quoting geniusztc
thank you ghous. I traded on friday ,just because i think the support zone on weekly chart will give price some REACTION. and you are right ,orders on friday is more dangerous than usual. It is my luck .

http://www.forexfactory.com/showthre...229183&page=26

and 0.9580 is my target point on daily chart , if i am still luck.

thank you for sharing me your ideas ,my friends .good luck.
change my plan ,closed half of my orders . because of the h1 chart .reduce some risk 。
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A chart helps those who can read it.
  • #99,207
  • Jul 24, 2011 7:46pm Jul 24, 2011 7:46pm
Quoting supremeChaos
)

enjoy it while it lasts

You mean, the Hangover? LOL

That is all that is left today.
  • #99,208
  • Jul 25, 2011 3:56am Jul 25, 2011 3:56am
possible setup audusd 4h pin
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  • #99,209
  • Jul 25, 2011 4:45am Jul 25, 2011 4:45am
Here is one I thought was great for what is trying to be taught here:

In the beginner’s mind there are many possibilities, in the expert’s mind there are few.
- Shunryu Suzuki
  • #99,210
  • Jul 25, 2011 4:51am Jul 25, 2011 4:51am
Quoting fx_rookie
possible setup audusd 4h pin
relatively small Pinbar.
4h candle closing when?
very near potential FTA (1.0840-50 area), but with trend IMHO, plus potential break out of the range, so let's see.

by the way, there is no divergence, if that's what your lines imply. (price & indicator both making higher lows)
  • #99,211
  • Jul 25, 2011 5:00am Jul 25, 2011 5:00am
Dear PhAnTi'

Thanks for your earlier chart, I liked the MACD divergence indicator, any chance you could make it available,
Many thanks
  • #99,212
  • Jul 25, 2011 5:01am Jul 25, 2011 5:01am
Quoting supremeChaos
relatively small Pinbar.
4h candle closing when?
very near potential FTA (1.0840-50 area), but with trend IMHO, plus potential break out of the range, so let's see.

by the way, there is no divergence, if that's what your lines imply. (price & indicator both making higher lows)
Hi sc,

What is your trading style? Daily/Intraday - price action setups only or touch trading etc as well. General thought process? It would be useful if you can briefly outline what you can.
Trading is a test match not a Twenty20.
  • #99,213
  • Jul 25, 2011 5:32am Jul 25, 2011 5:32am
Quoting decentchap
...
What is your trading style? Daily/Intraday
i can summarize it as experiential-discretionary, unorthodox, but evolving.
'Experiential' due to constant chart watching & trading;
'discretionary' because im flexible with my entries & exits;
unorthodox because im out of the box, aggressive-audacious;
'evolving' because i continue to improve&refine.

since i can monitor charts almost all day, i trade from M1-H4.
retracements, breakout, momentum. i dont trade PA setups/touch trades per se.
my style is an aggregate of almost all seniors here, but mainly raczek & J16 (more affinity with rac; i think rac is James16's 'aggressive'/'younger' version)

hope i made sense
  • #99,214
  • Jul 25, 2011 5:42am Jul 25, 2011 5:42am
Quoting supremeChaos
i can summarize it as experiential-discretionary, unorthodox, but evolving.
'Experiential' due to constant chart watching & trading;
'discretionary' because im flexible with my entries & exits;
unorthodox because im out of the box, aggressive-audacious;
'evolving' because i continue to improve&refine.

since i can monitor charts almost all day, i trade from M1-H4.
retracements, breakout, momentum. i dont trade PA setups/touch trades per se.
my style is an aggregate of almost all seniors here, but mainly raczek & J16 (more affinity with...
indeed -that helps. Many thanks..
Trading is a test match not a Twenty20.
  • #99,215
  • Jul 25, 2011 5:55am Jul 25, 2011 5:55am
Quoting alicimo
Thanks for your earlier chart, I liked the MACD divergence indicator, any chance you could make it available,
MACD divergence indicator:
try this & this (u need these two, i believe)
  • #99,216
  • Jul 25, 2011 6:08am Jul 25, 2011 6:08am
I got me a new indicator - If there are less than 20 members on this thread...then there is nothing worth watching in Forex at the moment

Very reliable indicator
  • #99,217
  • Jul 25, 2011 6:19am Jul 25, 2011 6:19am
Quoting supremeChaos
MACD divergence indicator:
try this & this (u need these two, i believe)
What is the difference between in these two MACD divergence
  • #99,218
  • Edited 7:17am Jul 25, 2011 7:06am | Edited 7:17am
Quoting Adilius07
I got me a new indicator - If there are less than 20 members on this thread...then there is nothing worth watching in Forex at the moment
please send me that indicator

on the contrary, i think... if there are few people here, it's probably because:
a. most are trading/studying/busy;
b. it's a Monday/weekend
Quoting featurelion
What is the difference between in these two MACD divergence
im not sure, i havent tried the latter. (the former... i tried years ago)
my guess is 1 of the 2 plots only the divergence lines/arrows, but i could be totally wrong. so try them out yourself (or PM Pinbar & Phanti)
  • #99,219
  • Jul 25, 2011 7:13am Jul 25, 2011 7:13am
Quoting fx_rookie
possible setup audusd 4h pin
i entered LONG at 1.08150 and took half my lots off the table at FTA at 1.08500 SL at BE now just going to enjoy a free ride if it breaks up with no Loss worries
  • #99,220
  • Jul 25, 2011 7:32am Jul 25, 2011 7:32am
Took this trade on the Sunday open. It turned out pretty well. This is my 3rd trade for July, it's been a very good month for me. Old me would have been on trade 100+ by now, likely with a negative equity curve for the month, and a pissed off wife (not for the money lost, but for the time spent trading) . I feel I have finally conquered my overtrading bug, it is a wonderful feeling. Big thanks to this thread, the PF, and its senior members.

Story for the trade is on the chart.

Jacob
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