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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

  • #101,221
  • Sep 2, 2011 4:59am Sep 2, 2011 4:59am
Quoting Greenhaze
Strong support area on Usdchf. That would be prime location for h1 pinbar
I too have current price area as strong support but at 50 fib and monthly pivot.

Cheers
NTW
No more DOH! trades
  • #101,222
  • Sep 2, 2011 5:04am Sep 2, 2011 5:04am
Quoting nonethewisa
I too have current price area as strong support but at 50 fib and monthly pivot.

Cheers
NTW
Would be better if i posted a chart!
Attached Image (click to enlarge)
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No more DOH! trades
  • #101,223
  • Sep 2, 2011 5:07am Sep 2, 2011 5:07am
and 2 bars into nfp, short chf

if it goes up and you move to be before, you have to put at least 25 pips to allow for slippage. Which probably guarantees you'll be stopped out.
  • #101,224
  • Sep 2, 2011 5:07am Sep 2, 2011 5:07am
Quoting nonethewisa
Would be better if i posted a chart!
I wonder how did you manage to get the 50% fib confluence there.
  • #101,225
  • Sep 2, 2011 5:17am Sep 2, 2011 5:17am
with the old .855 I presume(I keep the same on most charts - top of last consolidation - if you can have consolidations in such a downtrend)
  • #101,226
  • Sep 2, 2011 5:19am Sep 2, 2011 5:19am
Quoting Greenhaze
I wonder how did you manage to get the 50% fib confluence there.
rather 38% from all time low.
  • #101,227
  • Sep 2, 2011 5:21am Sep 2, 2011 5:21am
Quoting snowly
and 2 bars into nfp, short chf

if it goes up and you move to be before, you have to put at least 25 pips to allow for slippage. Which probably guarantees you'll be stopped out.
Yep, thats why im staying out, but will watch to see what happens.
No more DOH! trades
  • #101,228
  • Sep 2, 2011 5:23am Sep 2, 2011 5:23am
Quoting snowly
with the old .855 I presume(I keep the same on most charts - top of last consolidation - if you can have consolidations in such a downtrend)
Yep, you're bang on
No more DOH! trades
  • #101,229
  • Edited 9:02am Sep 2, 2011 7:41am | Edited 9:02am
this activity is absurd; can't believe I'm unhappy it ain't enough recession...

p.s. - a better u/c pin(though it still doesn't make much sense - lotsa support upside starting from ~.7835-.784). Great, fta reached in 2mins - didn't manage even to write down what I wanted to do.
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  • #101,230
  • Sep 2, 2011 10:00am Sep 2, 2011 10:00am
Quoting mbqb11
ha! This was the chart I just had up on my screen, that's funny
and there it is Greenhaze
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  • #101,231
  • Sep 2, 2011 12:03pm Sep 2, 2011 12:03pm
...so can anybody tell me which way this thing is going to break?
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"The only way to win the game is not to play." - B. S. Miller
  • #101,232
  • Sep 2, 2011 12:56pm Sep 2, 2011 12:56pm
it'll sit in it's range till next fed meeting; ok, maybe the range will move 100 pips lower... But hey, everyone's an expert in e/u - it's like football, we all know better then the coach

And all retail is bearish on e/u due to some weird avenging syndrome after the stops kept on being tripped this spring...


aud/nzd - unfortunately it's too late to take it on H4 even if it broke the pin(plus the damn spread) - 3h to closure. But an interesting setup on weekly.
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  • #101,233
  • Sep 2, 2011 3:36pm Sep 2, 2011 3:36pm
A bit of a technicality question but is there a way I can set take profits but only a certain % of position instead of the entire position with MT4?
  • #101,234
  • Sep 2, 2011 3:56pm Sep 2, 2011 3:56pm
Quoting biDc
A bit of a technicality question but is there a way I can set take profits but only a certain % of position instead of the entire position with MT4?
only opening seperate positions is the only way, thats why i went oanda i can close out an exact percentage from 0.0001 cents
  • #101,235
  • Sep 2, 2011 5:12pm Sep 2, 2011 5:12pm
Quoting biDc
A bit of a technicality question but is there a way I can set take profits but only a certain % of position instead of the entire position with MT4?
There are a number of EAs and scripts out there that can handle the task. Just be sure to fully test them in demo before leaving them with your money.

Google 'trade management ea' and see what you get
  • #101,236
  • Sep 2, 2011 5:45pm Sep 2, 2011 5:45pm
c/j weekly
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  • #101,237
  • Sep 2, 2011 7:56pm Sep 2, 2011 7:56pm
I am interested in these boxes of consolidation.
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  • #101,238
  • Sep 2, 2011 8:21pm Sep 2, 2011 8:21pm
usd/chf monthly close



http://www.hotstockmarket.com/image/...600/height/700



looking to get in at 50% retracement of the pin bar



daily close didn't close at a level to give a strong pinbar signal. might see a little bit more downside. Either way, I'd be waiting for a good PA to setup.



http://www.hotstockmarket.com/image/...600/height/700
  • #101,239
  • Sep 2, 2011 8:55pm Sep 2, 2011 8:55pm
Here is another super sexy sure thing!
Please do not trade with 100% of your capital...
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  • #101,240
  • Sep 2, 2011 9:12pm Sep 2, 2011 9:12pm
What's your opinion in this CHF/JPY pair on H4 TF. The price did not act as support once the price break through and close above.
Attached Image (click to enlarge)
Click to Enlarge Name: 1199524 MetaTrader - Alpari (US) - Demo Account - [CHFJPY,H4]_2011-09-02_18-31-14.png Size: 67 KB
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