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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

  • #109,901
  • Apr 5, 2012 8:30am Apr 5, 2012 8:30am
hmm, ok so i just have another 9500 or so hours until i get there.
  • #109,902
  • Apr 5, 2012 8:31am Apr 5, 2012 8:31am
Quoting Rust
Don't beat yourself man . Trading is like everything in life . It takes practice to get it right . Then it gets practice to do it good . Give yourself 10 000 hours of chart time and trading . THEN you will be a MASTER
  • #109,903
  • Apr 5, 2012 8:37am Apr 5, 2012 8:37am
Quoting Quezoy
Oh... this information is new to me. Kindda missed it it seems

Can u elaborate a bit cause I do not understand what u mean.
hope this helps....
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  • #109,904
  • Apr 5, 2012 8:44am Apr 5, 2012 8:44am
USD/JPY i took this one long after the H4 pinbar and touch of the rising trend line, EMA150 give me also a confidence...

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  • #109,905
  • Apr 5, 2012 9:04am Apr 5, 2012 9:04am
Quoting heaven
hmm, ok so i just have another 9500 or so hours until i get there.
Its more than half the battle won if you realize this deep down in the core.

Rust spit the truth out. As uninspiring as it may sound but in its truest form.

"Some things just take time. You can't expect a baby this month by making 9 women pregnant" - warren buffet.

g.
I believe . . .
  • #109,906
  • Apr 5, 2012 9:11am Apr 5, 2012 9:11am
The British do not give up

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  • #109,907
  • Apr 5, 2012 9:34am Apr 5, 2012 9:34am
AUD/JPY forming a daily pin...i took long already after the H4 pin, not a perfect one by the rules

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  • #109,908
  • Apr 5, 2012 9:41am Apr 5, 2012 9:41am
Quoting bullzeye
AUD/JPY forming a daily pin...i took long already after the H4 pin, not a perfect one by the rules

Attachment
Good size.
This one pretty much gave what to be expected . You can't be surprised of a reverse . It's up to you now to be wise and not leave your stop all the way back .

Just my opinion.
  • #109,909
  • Apr 5, 2012 9:51am Apr 5, 2012 9:51am
Quoting Pinbar
The EMAs are like large slow moving pivots.
If the EMAs line up with a PPZ in an area where we have multiple bar highs & lows, price flips and consolidation. The effect of the EMAs are going to be stronger. So, in other words we want to see if price breaks through and area like this, if it will hold as either, support or resistance, depending on whether the break was below or above an EMA.

In the second chart you can see price breaking through this area, pulling back, then taking off.


Hope this helps.
Hi Pinbar

Thanks, its clearer now, much appreciated
  • #109,910
  • Apr 5, 2012 9:53am Apr 5, 2012 9:53am
Quoting bullzeye
AUD/JPY forming a daily pin...i took long already after the H4 pin, not a perfect one by the rules

Attachment
nope. you bought straight into resistance
Hero calls followed by margin calls...
  • #109,911
  • Apr 5, 2012 11:27am Apr 5, 2012 11:27am
Quoting heaven
hmm, ok so i just have another 9500 or so hours until i get there.
it's more or less 10,000 hours. depends on the trader.
try not to count the hours. focus more on trading, practice, chart time.
  • #109,912
  • Apr 5, 2012 12:04pm Apr 5, 2012 12:04pm
i gess i was luky thise time.
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Iam just A pips on the rode :nerd:
  • #109,913
  • Apr 5, 2012 12:05pm Apr 5, 2012 12:05pm
Yey , thanks for the vouch SupremeChaos !

Yeeey ... and thanks Mike !

  • #109,914
  • Apr 5, 2012 12:17pm Apr 5, 2012 12:17pm
Quoting -er-
i gess i was luky thise time.
probably not.
u seem to have done quite well.
keep it up, Sir!
  • #109,915
  • Apr 5, 2012 12:21pm Apr 5, 2012 12:21pm
short trail of how i do prepare for my trading decisions....

dont have any time right now to do this in detail, i will so while eastern and post it next few days.... just had a couple of minutes and i thought there might some that find this useful....

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buy low - sell high
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wait for the very best setups to get maximum r:r out of your trades
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a couple of trades can be enough to make a fuckin nice living out of this shit
Hero calls followed by margin calls...
  • #109,916
  • Apr 5, 2012 12:49pm Apr 5, 2012 12:49pm
look nice but the spreads to higth.
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Iam just A pips on the rode :nerd:
  • #109,917
  • Apr 5, 2012 12:50pm Apr 5, 2012 12:50pm
I demo'd this trade today on the DAX

Reasons for trade
PBT&CB the top of a previous box and BRN of 6800

I entered on the retrace to 6800 and my target was the bottom of the previous box at 6684 however I took my profit at the next round number which was 6700. Price did go to my FTA of 6684 but as I am setting and forgetting these demo trades due to going to work I thought the 6700 number would be an easier target.

Any thoughts on my logic and trading would be great especially Jarroo and Pin bar.

My main question on these trades is am I entering too early should I wait and see if 6800 becomes comfirmed as resistance ie it is touched but not broken by price before entering a short or is it fine to enter on the first touch of the area as I have done here. I know it worked out but is this considered risky??

Thanks Guys
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  • #109,918
  • Apr 5, 2012 12:53pm Apr 5, 2012 12:53pm
Quoting supremeChaos
it's more or less 10,000 hours. depends on the trader.
try not to count the hours. focus more on trading, practice, chart time.
If I look at 2 charts at a time can I learn in 5,000 hours :-)

Every time you get to a plateau another mountain raises up in front of you but at the peak is a lifetime of rewards. A few years studying for a lifetime of Happiness is well worth it, IMHO.
  • #109,919
  • Apr 5, 2012 1:00pm Apr 5, 2012 1:00pm
Quoting -er-
look nice but the spreads to higth.
lol....what exactly does look good here? please specify your comment....

also note that sell orders got cleaned.... a fast push upwards isnt out of dicussion..
Hero calls followed by margin calls...
  • #109,920
  • Apr 5, 2012 1:00pm Apr 5, 2012 1:00pm
Quoting Caesar
If I look at 2 charts at a time can I learn in 5,000 hours :-)

Every time you get to a plateau another mountain raises up in front of you but at the peak is a lifetime of rewards. A few years studying for a lifetime of Happiness is well worth it, IMHO.
lol
Hero calls followed by margin calls...
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