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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

  • #106,921
  • Feb 6, 2012 9:54am Feb 6, 2012 9:54am
Further reduction of risk exposure by moving stop loss lower at level 1741 which is 3 points above the high of the day. With more data now in the chart, if price violate the level 1738 then the criteria that make me enter the trade will not stand anymore.
  • #106,922
  • Feb 6, 2012 1:10pm Feb 6, 2012 1:10pm
Quoting 5.25
Watching this area too...
Close but not quite close enough. Order pulled.
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  • #106,923
  • Feb 6, 2012 1:43pm Feb 6, 2012 1:43pm
Quoting mbqb11
here is that updated chart. No surprises why it stalled, now it's a matter if it wants to test lower. But knowing these trouble areas are key to planning around a good trade. That is powerful stuff James has shown us


Congrats to the Giants fans out there

Mike

I traded this today. I entered on the break of the daily Beob and closed the full trade at the FTA which is the same on my chart as on yours Mike. recently I have stopped worrying about letting parts of the trade run etc and about risk reward. I was 100% certain that if the order was filled it would reach the FTA, some people will say its too close but I closed the trade with + 95 pips.
I believe that trading good set ups in this way with out wanting to be greedy the strike rate of successful trades can be very very high
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  • #106,924
  • Feb 6, 2012 2:01pm Feb 6, 2012 2:01pm
Quoting haircut
I traded this today. I entered on the break of the daily Beob and closed the full trade at the FTA which is the same on my chart as on yours Mike. recently I have stopped worrying about letting parts of the trade run etc and about risk reward. I was 100% certain that if the order was filled it would reach the FTA, some people will say its too close but I closed the trade with + 95 pips.
I believe that trading good set ups in this way with out wanting to be greedy the strike rate of successful trades can be very very high
very good haircut!

James would smile ear to ear on this no doubt in my mind

Best
Mike
  • #106,925
  • Feb 6, 2012 2:07pm Feb 6, 2012 2:07pm
Quoting mbqb11
very good haircut!

James would smile ear to ear on this no doubt in my mind

Best
Mike

Well I must have learned something along the way!!!!
cheers
Mike
  • #106,926
  • Feb 6, 2012 3:11pm Feb 6, 2012 3:11pm
Hi all.

What is BUOC, BEOC and BEOB?
Were to find about it?
It's only after we've lost everything that we're free to do anything.
  • #106,927
  • Feb 6, 2012 3:25pm Feb 6, 2012 3:25pm
Quoting Alexandr51
Hi all.

What is BUOC, BEOC and BEOB?
Were to find about it?
Hey Alex

The best thing to do is start slowly going through the thread from post 1. I know this thread is massive but after a few hundred pages you will be more up to speed then you might think

Here is some of the basics of the bars and what they look like that pinbar put together

http://www.forexfactory.com/showpost...ostcount=93498

Hope it helps
Mike
  • #106,928
  • Feb 6, 2012 3:33pm Feb 6, 2012 3:33pm
thank you very much

Sorry for my english, I from is Russia and I have very very bad English
It's only after we've lost everything that we're free to do anything.
  • #106,929
  • Feb 6, 2012 4:04pm Feb 6, 2012 4:04pm
Quoting Alexandr51
Hi all.

What is BUOC, BEOC and BEOB?
Were to find about it?
Apologize to the thread. It seems I have to adjust my abbreviations with the ones of the thread.
  • #106,930
  • Feb 6, 2012 4:10pm Feb 6, 2012 4:10pm
Let's see how this play out

Hourly pinbar for gbp/usd

-With trend
-Swing high at a lower high
-Enough space for desired RR

Risk is 1% on this one, half off at 1:1 and stop to BE, then rest out at 1:2
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  • #106,931
  • Feb 6, 2012 4:27pm Feb 6, 2012 4:27pm
Quoting Alexandr51
thank you very much

Sorry for my english, I from is Russia and I have very very bad English
your English is fantastic no need to apologize

Take care
Mike
  • #106,932
  • Feb 6, 2012 4:32pm Feb 6, 2012 4:32pm
Currently monitering

We have a PBT of LCS on the daily, with a nice BEOB.

Moving down to the 1hr chart, looking at the 50 fib retracement level towards the LCS from daily now resistence/PPV level looking for a sell, we have good reaction now at the 50 retrace, its got my eyes open
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  • #106,933
  • Feb 6, 2012 4:45pm Feb 6, 2012 4:45pm
Daily USD/CHF, long term EMA (365), BRN 0.9200, PIN, going with current trend direction.
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  • #106,934
  • Feb 6, 2012 5:48pm Feb 6, 2012 5:48pm
Large Earthquake in the Philippines.

Hope Supreme Chaos is safe.
  • #106,935
  • Edited 9:04pm Feb 6, 2012 8:51pm | Edited 9:04pm
Interesting PPZ on GU.
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  • #106,936
  • Feb 6, 2012 9:12pm Feb 6, 2012 9:12pm
Woo, now this WAS a Jarooo setup, for sure!

Combined with the RBA rate statement.


Bhaaaaaaaaaaaaaam Kabooooooooooooooooooooom
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  • #106,937
  • Feb 6, 2012 9:31pm Feb 6, 2012 9:31pm
Quoting goodtiding5
Daily USD/CHF, long term EMA (365), BRN 0.9200, PIN, going with current trend direction.

Tiny PB, no space, off a good area but, price is consolidating and just moving sideways. An easy pass. A breakout and pullback to the bottom of this box would be a better idea. When you zoom your chart in too much as you did in your chart, it distorts the size of the bars.
Better to view any bar, 2 clicks from the smallest chart size.
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  • #106,938
  • Feb 6, 2012 10:26pm Feb 6, 2012 10:26pm
Arriving at the Monthly & weekly HCR
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  • #106,939
  • Feb 6, 2012 11:49pm Feb 6, 2012 11:49pm
Hi Guys!

Anybody watching this Massive H&S neckline on EU?

What happens after the breakout will be very interesting.
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  • #106,940
  • Feb 7, 2012 12:02am Feb 7, 2012 12:02am
Quoting Greenhaze
Hi Guys!

Anybody watching this Massive H&S neckline on EU?

What happens after the breakout will be very interesting.
Yeah, had my eye on the monthly Pin for a while.
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