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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

  • #110,001
  • Apr 8, 2012 9:10am Apr 8, 2012 9:10am
german szu on weekly.
pinbar and triangle.
will watch this in the next days, weeks.
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meine augen sind die sterne
  • #110,002
  • Apr 8, 2012 9:38am Apr 8, 2012 9:38am
Quoting TheFutureAce
Mike would you have went long if the pin bar closed above 85? I was going to take it but didnt becuase it closed below 85. Let me know if i am correct
Hey Ace

Yep you could make a case for that easily if price close above 85. The lower part of the box becomes for trade mgmt(the BRN) and then we manage according to a SIDEWAYS market of course

Best
Mike
  • #110,003
  • Apr 8, 2012 9:44am Apr 8, 2012 9:44am
Quoting Silver-
Hi everyone, I read somewhere that you should never for any reason let a winner trade become a loser, moving the stop to break-even when its "winning". That sounds like a very smart thing to do, the problem is, when do you consider a trade to be a winner?

Obviously setting the stop after just 10 pips in your favor if you are using daily signals, would be completely pointless. Do you usually define a winner (that is, enough to move the stop to break-even) based on the original stop loss, or based on a certain amount of pips depending on the...
Hey Silver

Not letting a winner turn to a loser is a great idea, but for many of us we don't' define a set point to go to breakeven necessarily. Now some do. Some might always get to breakeven at say the FTA(first trouble area). Some might after X amount of pips. I like to do it based on what the market is telling me. Sometimes a situation makes far more sense to move my stop up(and reduce risk) while still allowing room to move. Other times it does make sense for me to get to breakeven very quickly. This will largely have to do with that style and type of trader. So I am always looking at the entire Story as I call it to decide what it the next best course of action, which to me is highly situational.

Hope that helps
Mike
  • #110,004
  • Apr 8, 2012 12:09pm Apr 8, 2012 12:09pm
Who is selling any of these three pairs?

AJ =aud/jpy
CJ =cad/jpy
GJ =gbp/jpy
  • #110,005
  • Apr 8, 2012 3:20pm Apr 8, 2012 3:20pm
Quoting featurelion
Who is selling any of these three pairs?

AJ =aud/jpy
CJ =cad/jpy
GJ =gbp/jpy

I kinda like the look of the head and shoulder break on AJ... not sure yet if I will take it :/
Many choose unhappiness over uncertainty.
  • #110,006
  • Edited Apr 9, 2012 1:14am Apr 8, 2012 3:55pm | Edited Apr 9, 2012 1:14am
Quoting featurelion
Who is selling any of these three pairs?

AJ =aud/jpy
CJ =cad/jpy
GJ =gbp/jpy
Ill sell gj if 130 becomes resistance. Aj is already in action for many people.
If not up, then down, otherwise sideways :-)
  • #110,007
  • Apr 8, 2012 4:09pm Apr 8, 2012 4:09pm
Quoting Magestic
Ill sell gj if 130 becomes support. Aj is already in action for many people.
Spot the deliberate mistake.
  • #110,008
  • Apr 8, 2012 9:27pm Apr 8, 2012 9:27pm
This 82.40 Zone, looks like we may see some PA around it.
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  • #110,009
  • Apr 9, 2012 1:00am Apr 9, 2012 1:00am
Quoting Pinbar
This 82.40 Zone, looks like we may see some PA around it.
are your short pinbar?
  • #110,010
  • Apr 9, 2012 1:15am Apr 9, 2012 1:15am
Is anyone (still) short this daily BEOB on AUDUSD? Currently price is trading in the blue channel...

Regards,
Dave.
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  • #110,011
  • Apr 9, 2012 1:15am Apr 9, 2012 1:15am
Quoting beebolbod
Spot the deliberate mistake.
Yes sorry :-)
If not up, then down, otherwise sideways :-)
  • #110,012
  • Apr 9, 2012 1:57am Apr 9, 2012 1:57am
Quoting trader_dscha
are your short pinbar?
Oops, wrong pair.

No, I am not short on this pair.
  • #110,013
  • Apr 9, 2012 3:32am Apr 9, 2012 3:32am
I am in short of Cad/jpy, any one in this trade?
  • #110,014
  • Apr 9, 2012 3:39am Apr 9, 2012 3:39am
Quoting featurelion
I am in short of Cad/jpy, any one in this trade?
Yes and already free trade.
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  • #110,015
  • Apr 9, 2012 6:19am Apr 9, 2012 6:19am
long audusd.
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Iam just A pips on the rode :nerd:
  • #110,016
  • Apr 9, 2012 6:30am Apr 9, 2012 6:30am
Quoting featurelion
I am in short of Cad/jpy, any one in this trade?
i dont know why you dont took the sell at major supply lvl...anyway entering now wouldnt be a line for me...too late imho,but maybe u r lucky and get to the 2nd dashed line arouund the 50.0 % fibbo,

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all in all a lot of demand ahead.
Hero calls followed by margin calls...
  • #110,017
  • Apr 9, 2012 6:35am Apr 9, 2012 6:35am
Quoting -er-
long audusd.
well ok you do have around 1:1 r:r here....entered in the middle of the box, but trend is obviously down and the pinbar ain't a pinbar... more this long wick bar consumed all the long orders below, i dont see any reason to buy here unless you dont want to fight the trend.

FTA in black imho.

also lovely how different brokers do offer different h4 tfs

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Hero calls followed by margin calls...
  • #110,018
  • Apr 9, 2012 7:01am Apr 9, 2012 7:01am
Quoting PhAnTi'
also lovely how different brokers do offer different h4 tfs

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Attachment
tell me about it...its big problem to be on the same line white ather trders.
any way i heve made 3 treds like thise one last week, hopfuly thise one will do the work to.
thake u for u r sharing and guidnes, aldo its not roket sience still u r tips r very
good ,u give here stuf to think about ,a gess we trading difrenly i go for rr11
and u go for long trand on a strategy point.
anyway there lots what to lern from u, thenk for u r sharing.
Iam just A pips on the rode :nerd:
  • #110,019
  • Apr 9, 2012 7:11am Apr 9, 2012 7:11am
Quoting -er-
tell me about it...its big problem to be on the same line white ather trders.
any way i heve made 3 treds like thise one last week, hopfuly thise one will do the work to.
thake u for u r sharing and guidnes, aldo its not roket sience still u r tips r very
good ,u give here stuf to think about ,a gess we trading difrenly i go for rr11
and u go for long trand on a strategy point.
anyway there lots what to lern from u, thenk for u r sharing.
yup,

de nada--- as even mentioned im not perfect , i only share my very personal and objective views.... everyone does see the charts in a different way although the very same is displayed... always to improve oneself is a very important virtue....

since mankind exists there were no expert born....some were more talented ( like Mozart,Einstein, etc. ) some less.....but in the end hard practising is better than any given talent in my opinion...

just dont lose the light at the end of the tunnel

ok i better stop here....turning poetic

regards,
Jonas
Hero calls followed by margin calls...
  • #110,020
  • Apr 9, 2012 7:41am Apr 9, 2012 7:41am
Hello hello,

USD/CHF confluence with 365 and 150 EMA. Dwindling under reactive level 9300.

Possibility of seeing some PA on this soon?

-H
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