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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

  • #112,241
  • May 25, 2012 3:52am May 25, 2012 3:52am
exposure £240 per pip real
sorry for clutter

$ long
Gbp short
jpy long
eur short
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,242
  • May 25, 2012 3:58am May 25, 2012 3:58am
eu last one ,laters guys

ps im not following Aud
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  • #112,243
  • May 25, 2012 4:04am May 25, 2012 4:04am
Quoting Bones
gbp chf ,kiss is it
Hey Bones, not to offend. But i see that maximum of the trade u take is against the trend and upon that u open mutiples positions. This just confuses me a lot. as per james16 methd, we should trade according to the trend using price actions, but u do the reverse of it ? and myself being a newbie and just starting up with the price action trading, i really get nervous or feel myself mistaken when i see u have took the opposite of my trades.
  • #112,244
  • May 25, 2012 4:14am May 25, 2012 4:14am
A probable scenario?
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Thoughts are things
  • #112,245
  • May 25, 2012 4:22am May 25, 2012 4:22am
Quoting Bones
exposure £240 per pip real
sorry for clutter

$ long
Gbp short
jpy long
eur short
how about UJ? still down? I'm short there.

BTW i'm with you on a few of what you've posted, particularly EU. Almost doubled my account on that one
  • #112,246
  • May 25, 2012 4:24am May 25, 2012 4:24am
Quoting fx9999
Hey Bones, not to offend. But i see that maximum of the trade u take is against the trend and upon that u open mutiples positions. This just confuses me a lot. as per james16 methd, we should trade according to the trend using price actions, but u do the reverse of it ? and myself being a newbie and just starting up with the price action trading, i really get nervous or feel myself mistaken when i see u have took the opposite of my trades.
I'm not bones but i'll stick an answer in anyway as i'm here. As a newbie you should be following page 1. Stick to the methods outlined there and work your way up. in 6 months or so (longer in my opinion) you'll understand more.

This thread is a mixed bag of traders. Some stuff is advanced and not to be looked at unless you get it.

Good luck.
  • #112,247
  • May 25, 2012 4:30am May 25, 2012 4:30am
Quoting fx9999
Hey Bones, not to offend. But i see that maximum of the trade u take is against the trend and upon that u open mutiples positions. This just confuses me a lot. as per james16 methd, we should trade according to the trend using price actions, but u do the reverse of it ? and myself being a newbie and just starting up with the price action trading, i really get nervous or feel myself mistaken when i see u have took the opposite of my trades.
Maybe, I'm looking at the charts wrong but I see multiple shorts that he seems to be adding to as price drops...at least on the charts I looked at closely (gold, gu).
  • #112,248
  • May 25, 2012 4:36am May 25, 2012 4:36am
I have added £8 per pip


Quoting Bones
nice and simple
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp added.gif Size: 18 KB
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  • #112,249
  • May 25, 2012 4:37am May 25, 2012 4:37am
bye bye gbp ,sorry it my currency
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,250
  • May 25, 2012 4:51am May 25, 2012 4:51am
soz incorrect tl

Quoting Bones
Hey v your have to be more specific ?

£50 per pip
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,251
  • May 25, 2012 5:13am May 25, 2012 5:13am
now high risk merchant I want you to tell me why your wrong


Quoting edge540
Ok Mate...here is a trade I'm currently in.This is a real account and the trade is live as we speak.
Daily BEOB on EUR/GPB chart.
Trade Reasoning:
#All the following TF's trending down,daily weekly and monthly (so I'm a seller).
#BEOB at a pull back from the down trend.
#Minor swing high.
#PPZ at RN of .8050.
All of the above says CONFLUENCE.

Sell 15 micro (3% risk) @.8035
SL initially set @ .8106 and the reduced as trade went in my favour,currently at BE.
TP .7950.
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp added.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,252
  • May 25, 2012 5:56am May 25, 2012 5:56am
Quoting edge540
Ok Mate...here is a trade I'm currently in.This is a real account and the trade is live as we speak.
Daily BEOB on EUR/GPB chart.
Trade Reasoning:
#All the following TF's trending down,daily weekly and monthly (so I'm a seller).
#BEOB at a pull back from the down trend.
#Minor swing high.
#PPZ at RN of .8050.
All of the above says CONFLUENCE.

Sell 15 micro (3% risk) @.8035
SL initially set @ .8106 and the reduced as trade went in my favour,currently at BE.
TP .7950.
Awesome setup...very simple and easy to find on the charts and moving in direction of overall trend. I will add this to my aresenal...thank's bro!
  • #112,253
  • May 25, 2012 6:00am May 25, 2012 6:00am
Quoting Bones
I have added £8 per pip
just wanted to warn u but it seems too late already... this EURGBP trend is pretty strong to play against it.
all is eternal - this is good news for people who loves bad news
  • #112,254
  • May 25, 2012 6:02am May 25, 2012 6:02am
hey meshka,

missed your charts bro. when you gunna share some gems with us laymen

edit- share some MORE gems LOL
  • #112,255
  • May 25, 2012 6:11am May 25, 2012 6:11am
Thanks for heads up M ,lol ,


really speculators on gbp market I believe ,call me crazy anyway their wrong I feel ,lol

support under pressure cable may be then ..


Quoting meshka
just wanted to warn u but it seems too late already... this EURGBP trend is pretty strong to play against it.
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp incorrect.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,256
  • May 25, 2012 6:13am May 25, 2012 6:13am
do not know yet if its a gem or paycheck for education but I am in it
Attached Image
all is eternal - this is good news for people who loves bad news
  • #112,257
  • May 25, 2012 6:16am May 25, 2012 6:16am
Quoting meshka
do not know yet if its a gem or paycheck for education but I am in it
i feel good looking at your charts
  • #112,258
  • May 25, 2012 6:17am May 25, 2012 6:17am
but eur
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd h4.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,259
  • May 25, 2012 6:17am May 25, 2012 6:17am
Quoting Bones
Thanks for heads up M ,lol ,


really speculators on gbp market I believe ,call me crazy anyway their wrong I feel ,lol

support under pressure cable may be then ..
well yes... LOL ... market made a mistake and broke down below 0.8000 BRN.
all is eternal - this is good news for people who loves bad news
  • #112,260
  • May 25, 2012 6:22am May 25, 2012 6:22am
Quoting Bones
but eur
Yes looks good.... it will cover Your expenses with EURGBP . Nice ride and to be continued..
all is eternal - this is good news for people who loves bad news
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