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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

  • #112,361
  • May 28, 2012 1:03pm May 28, 2012 1:03pm
Quoting Bones
gold
Is there anyone you haven't offended

A different view.

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  • #112,362
  • May 28, 2012 1:09pm May 28, 2012 1:09pm
Quoting robben
Hi , I am a newbie here from China, and this thread is my first visit thread in FF, but really enlighten my view! This is what the price action do in right! although this thread last so long from 2005~2012, but I decide to take 1~2 years finish reading them.

I just started trading 1 year ago, still in demo to practice, don't know how long the dark time will pass, just try my best to learn and practice everyday.

Since there is no offical way to teach how to trade in China, I may attend PF in the coming furture also ,I think it is worth doing...
welcome to the thread Robben, Your English is great!


Mike
  • #112,363
  • May 28, 2012 1:10pm May 28, 2012 1:10pm
Quoting Green Clubs
I took this trade on Wednesday, EUR/JPY, a pin bar off the previous week's low, double bottom. Got stopped out. Wondering if anyone else saw or took this trade?

Attachment
Hey GC

Be careful here that's a very small pinbar coming off a huge strong down move and overall strong down trend. This get a lot of traders into trouble with such a tiny bar. If you zoom out your chart a bit it helps in getting perspective of bar size vs the previous move.

Best
Mike
  • #112,364
  • May 28, 2012 3:11pm May 28, 2012 3:11pm
Quoting Dan Gilbert
seen this happen so many times on breakouts over the years.

doji formed on other side of trendline, SELL!!!!!

I think this is one of those "money in the bag", "see it from 1,000 miles away" type of trades.
Very nice charts and trades , Dan . Count me subscribed
  • #112,365
  • May 28, 2012 3:42pm May 28, 2012 3:42pm
Well ive been busy but im sure I can find some more ,why are you offended ive been nice to you

you told me yourself you can not read price ,and from your position ,I believe you

If you can not predict an outcome I suspect your in the wrong business ,how else can you trade ?



Quoting stewrigh
Is there anyone you haven't offended

A different view.

Attachment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,366
  • May 28, 2012 3:45pm May 28, 2012 3:45pm
all Ive done is point out this may not be what you think ,also ive given reasons not after before ,im not looking after ,I hope im right just to prove you can avoid ,im helping out

Im not attacking the pin bar

even Mike says he would not take its high risk for him thats good enough for me


Quoting Bones
I can show you not real

no clutter
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,367
  • May 28, 2012 3:55pm May 28, 2012 3:55pm
Quoting mbqb11
update

price may close outside of the channel. I won't be doing anything today/monday but next week we could see short opportunities come into play around this area.
i was away so I didn't get to catch this one, but it was a beauty

Hope some of you did

Nice DBHLC closing outside the channel, good stuff


Mike
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  • #112,368
  • May 28, 2012 3:59pm May 28, 2012 3:59pm
this is how I read gold It has broken down ,then pin bar ,=danger ,look what you would buy into thats all im saying ,it is a good lesson i hope

In trading not all is true you should know
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,369
  • May 28, 2012 4:04pm May 28, 2012 4:04pm
I have added to Eur cad

please look at daily

I have clear vision and target ,not from H4 no ,from w1


Quoting Bones
I can zoom out for you ,like this


no clutter hope you likeee
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,370
  • May 28, 2012 4:07pm May 28, 2012 4:07pm
Quoting mbqb11
i was away so I didn't get to catch this one, but it was a beauty

Hope some of you did

Nice DBHLC closing outside the channel, good stuff


Mike
I wanted to enter after the upbar which followed the DBHLC, but hesitated because of the support below it.
Should have gone for it, nonetheless, it was a strong TL break.
Thoughts are things
  • #112,371
  • May 28, 2012 4:07pm May 28, 2012 4:07pm
I had a sweet trade running, was 35 pip in profit and my broker just stopped me out by increasing the spread from 2 pips to 31 in under 5 seconds. And this is Hantec Markets who claims to be so regulated and no dealing desk ECN crap my &*%%&*^*)& Ar$e...

Good thing my stop was at BE.



-H
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  • #112,372
  • May 28, 2012 4:08pm May 28, 2012 4:08pm
here
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,373
  • May 28, 2012 4:09pm May 28, 2012 4:09pm
Quoting Bones
this is how I read gold It has broken down ,then pin bar ,=danger ,look what you would buy into thats all im saying ,it is a good lesson i hope

In trading not all is true you should know
I'm with you on this one bones.

Looking into H1 you can see all sorts of shit for that pin to run into. Although bulls have control now for a short while, i'm looking for more short opportunities.
  • #112,374
  • May 28, 2012 4:12pm May 28, 2012 4:12pm
Quoting mbqb11
i was away so I didn't get to catch this one, but it was a beauty

Hope some of you did

Nice DBHLC closing outside the channel, good stuff


Mike
Maybe an oportunity to enter on a retrace to to this yellow dotted line (support to resistance)? If market will ever retrace to it.

Quoting Quezoy
I wanted to enter after the upbar which followed the DBHLC, but hesitated because of the support below it.
Should have gone for it, nonetheless, it was a strong TL break.
Same story
If not up, then down, otherwise sideways :-)
  • #112,375
  • May 28, 2012 4:52pm May 28, 2012 4:52pm
Quoting dfred
I am also having the problem with the attachments, and people's avatars as well. Figured it was just my antiquated computer, somewhat relieved it is not.
Seems to be working again tonight. Back to learning again! Thanks for reply.
  • #112,376
  • May 28, 2012 5:11pm May 28, 2012 5:11pm
Quoting millions
Just was reading back over my previous 8 posts there and laughed. Joined the forum in November 2010- after a couple of weeks, I was able to recognise a few PA bars and then bang- I was ready to trade. Thank God, I only took a couple of live trades (losers obviously- they were based on PA with invented confluence- its simple to convince yourself that every PA bar has a good location if you try hard enough). Anyway, it was back to post 1 and since I've been reading, reading and reading- I haven't read the whole thread but have done the following:-...

Price hasn't taken off how I would like. Really hoping for the break of 79.00. 150 ema is holding strong though. If it doesn't, one thing I am sure of is that I won't loose any money as my stop is at be.
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  • #112,377
  • May 28, 2012 5:14pm May 28, 2012 5:14pm
Mike

Hello

What's your opinion on gold



Sorry for my bad English
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  • #112,378
  • May 28, 2012 6:03pm May 28, 2012 6:03pm
Quoting Yehuda Sh
Mike

Hello

What's your opinion on gold



Sorry for my bad English
Hey Yehuda

We are stuck in a ranging market now so we could see price continue to box. The midpoint of the box is also a PPZ. My feed it's not quite a pinbar since the close was above the high. These are easy passes for me, I don't like the size and location.

Hope that helps!
Mike
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  • #112,379
  • May 28, 2012 6:04pm May 28, 2012 6:04pm
Quoting millions
Price hasn't taken off how I would like. Really hoping for the break of 79.00. 150 ema is holding strong though. If it doesn't, one thing I am sure of is that I won't loose any money as my stop is at be.
Excellent millions, protecting yourself and let the market do it's thing

I am watching for potential longs on the 4hr around 80 if we can break upwards of that TL. If that holds we could still continue lower though


Nice job
Mike
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  • #112,380
  • May 28, 2012 7:04pm May 28, 2012 7:04pm
see real trader

One day Stu ...



Quoting mbqb11
Hey Yehuda

We are stuck in a ranging market now so we could see price continue to box. The midpoint of the box is also a PPZ. My feed it's not quite a pinbar since the close was above the high. These are easy passes for me, I don't like the size and location.

Hope that helps!
Mike
On-site guru & also FF member's' psychiatrist, when not drinking tea
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