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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

  • #108,261
  • Mar 1, 2012 4:14am Mar 1, 2012 4:14am
Quoting Quezoy
I would like to know if it is important when your broker closes the daily candles or not?

I mean, are the signals more valid if you use a 5 day NY close candles then 6 day GMT close candles?
I also would love to hear what people think of Quezoy's question. It often happens that my charts will not show pinbars etc that are on other peoples charts here. Should we just trade what we have or should we try to change to what seems to be used by most here? (based on the NY close?) And on similar topic should Sundays candles be ignored?
  • #108,262
  • Mar 1, 2012 4:23am Mar 1, 2012 4:23am
Quoting Pinbar
Mike knows what I was talking about, so, I shall ignore the rest.

I shall post no more m15 or M30 charts, nothing less than H4.
Why be so dramatic about things? Nobody complained really and the vast majority of this thread is stalked anyway. The silent masses want your M15 posts - they told me, silently.

Please dont stop posting - i for one fully support your posts, in all TF's. Nobody should be blindly following anyone else here, they should be following page 1 and working up. anybody with any sense will see you're past page 1 and have moved on to try more refined entries with more advanced techniques. Please dont restrict that to the PF.
Maybe add a note to your m15 chart - NOT FOR NOOBS or something?
  • #108,263
  • Mar 1, 2012 4:31am Mar 1, 2012 4:31am
Quoting MtDarkness
Not a senior member, but I have been waiting for this setup all week, before it ever even really moved up. A pullback off the sudden break of resistance. YAY!!! It broke through 50% retracement (1.5988) and prior resistance (1.5929) like they were nothing before pausing right at 1.6000 psych resistance and falling back down below all of this before the close. Exactly what I was hoping for. Now, hopefully, we can ride it down, wait for the reverse, and ride it all the way back up to 1.6000. If it crashes up through that, then I'll be aiming for 1.6160....
There is a nice divergence if the price falls.
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Sniffing Snake's Tracks...
  • #108,264
  • Mar 1, 2012 4:32am Mar 1, 2012 4:32am
Quoting beebolbod
Cock and balls formation on EURAUD. Rare formation this, and hard to trade. If the balls break down we could get 1 penis length profit.

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  • #108,265
  • Mar 1, 2012 4:45am Mar 1, 2012 4:45am
Quoting beebolbod
Cock and balls formation on EURAUD. Rare formation this, and hard to trade. If the balls break down we could get 1 penis length profit.

Attachment
Haha , I'm not the only one who call it this way !
  • #108,266
  • Mar 1, 2012 5:10am Mar 1, 2012 5:10am
Hey Meshka,

have you and i met before? or am i kinda startin gto day dream a little?
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  • #108,267
  • Edited 6:01am Mar 1, 2012 5:49am | Edited 6:01am
Steve, keep posting. I wouldn't worry about it.

"A little re-sis-stance is like food for pitbulls"
  • #108,268
  • Mar 1, 2012 5:53am Mar 1, 2012 5:53am
Quoting beebolbod
Cock and balls formation on EURAUD. Rare formation this, and hard to trade. If the balls break down we could get 1 penis length profit.

Attachment
"1 penis length profit..." very funny.

NB: Has broken and has given 3/4 length profit...lolz
SNR with Price Action...
BitCrossNG Return Today: na
  • #108,269
  • Mar 1, 2012 8:17am Mar 1, 2012 8:17am
Quoting Quezoy
I would like to know if it is important when your broker closes the daily candles or not?

I mean, are the signals more valid if you use a 5 day NY close candles then 6 day GMT close candles?
Hey Q

I am a big fan of the 5et NY close. But at the end of the day I don't think it's going to make or break a trader being a few hours off from this time. We sort of say to people "play it as you see it"

Best
Mike
  • #108,270
  • Mar 1, 2012 8:20am Mar 1, 2012 8:20am
Quoting Sgrb1
Hi Mike!

You may be able to offer some advice on this. I find myself flicking through my 37 charts every 15 minutes or so to see the latest action. I'm not concerned about my analysis but just thinking there may be a more efficient way to do it.

I do have a watchlist for the most important markets of the day, but still feel the need to look at those other charts.

I was wondering how you go about your day. What charts you look at throughout the day as in, only those at important areas or maybe you check all of them, and how often etc?

Cheers,...
Hey SG

I basically have 3 monitors which I stretch mt4 across. This allows me to watch many pairs. I keep them in little boxes, about 9-12 per screen. I'll rotate out ones that are of no interest to me and sort of bring ones closer that are. I also have a 4th monitor where I will move the ones I am most closely interested in. That's really about it for me. I am very picky so most markets are just not doing things or near areas that are of interest. You can't catch it all either way. I'm at my computer all day so I kind of always have an eye on the markets

Other than that I scan my dailies once a day, weeklies once a week, monthlies once a month, and then I manage trades accordingly when in.

Hope this helps
mike
  • #108,271
  • Mar 1, 2012 8:52am Mar 1, 2012 8:52am
Quoting mbqb11
Hope this helps
mike
Certainly does! Appreciate it.
  • #108,272
  • Edited 9:10am Mar 1, 2012 8:55am | Edited 9:10am
Nope, I do not want to be at the party and urinate on the carpet.

I am thinking about something though.

Something that may help me, and everyone who is serious about this methodology.

Like having another Drink, LOL

EDIT: Just back from a night on the town after spending 3 days in the hospital getting IV drips, in minus 28C temps. So, take all this with a large pinch of salt. As suggested earlier by some less than forgivable soul. ROTFL
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  • #108,273
  • Mar 1, 2012 10:41am Mar 1, 2012 10:41am
Hi Mike . Here is the chart of EURNOK daily PINBAR that formed about a week ago ! I would like to know what you would have done when you saw it formed , would you have traded it ? And if you did , how would you have managed it ?
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Human
  • #108,274
  • Mar 1, 2012 10:51am Mar 1, 2012 10:51am
Quoting Chanya
Hi Mike . Here is the chart of EURNOK daily PINBAR that formed about a week ago ! I would like to know what you would have done when you saw it formed , would you have traded it ? And if you did , how would you have managed it ?
Hey C

I put some notes on a chart for you

This is what I call a babysit trade or a quick hitter. We have to be protecting ourselves very much. Never validated so no harm no foul. But good learning lesson if it did anyway

Best
Mike
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  • #108,275
  • Mar 1, 2012 11:02am Mar 1, 2012 11:02am
5.25 posted about silver the other day, it has retraced to previous bar, still to break the outside bar.
Wonder what you guys think of it? It is a nice bar, but a lot of congestion, and there is a PPZ below which may act as support.
Just said I'd repost it.

http://my.jetscreenshot.com/11256/m_...-1loh-82kb.jpg
  • #108,276
  • Mar 1, 2012 12:10pm Mar 1, 2012 12:10pm
Quoting Variance
Hey Meshka,

have you and i met before? or am i kinda startin gto day dream a little?
technical i agree.....but hey ! you have to place a trade if analysing...

placing a trade is a completely other biz

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Hero calls followed by margin calls...
  • #108,277
  • Mar 1, 2012 12:41pm Mar 1, 2012 12:41pm
Hey guys,

just some of my trades this week...
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  • #108,278
  • Mar 1, 2012 12:45pm Mar 1, 2012 12:45pm
Quoting zamfir
Hey guys,

just some of my trades this week...
very nice Z!
  • #108,279
  • Mar 1, 2012 12:48pm Mar 1, 2012 12:48pm
Quoting zamfir
Hey guys,

just some of my trades this week...
where did you enter on the bottom one? and where was ur stop?

regards
Hero calls followed by margin calls...
  • #108,280
  • Mar 1, 2012 12:52pm Mar 1, 2012 12:52pm
Quoting PhAnTi'
where did you enter on the bottom one? and where was ur stop?

regards
Entered on 29th feb. SL was just above the upper band..
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