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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

  • #114,481
  • Jul 19, 2012 5:30pm Jul 19, 2012 5:30pm
Quoting Chanya
Making a post after a few weeks . Had almost 6 BE daily trades within this time , had 7 winners and 1 loss . Below are four out of seven trades that I took ... All thanks to JARROO ......
Chanya ... what a beautiful charts. Congrats dude and keep winning
all is eternal - this is good news for people who loves bad news
  • #114,482
  • Jul 19, 2012 5:47pm Jul 19, 2012 5:47pm
Quoting Nake
Mike , what do u think 2hpinbar at strong PPZ Attachment ?
Hey Nake

I know this never ended up closing right. But here is why we would have still wanted to be careful. Notice it would have been trading right back into the former consolidation area.


Best
Mike
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  • #114,483
  • Jul 19, 2012 6:45pm Jul 19, 2012 6:45pm
H4 view. You can see there is TL on the larger time frame that may influence price action.
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  • #114,484
  • Jul 19, 2012 11:04pm Jul 19, 2012 11:04pm
Quoting Chanya
CHANGE YOUR BROKER . Your charts and the data on them are not correct . Here are the daily charts of those two pairs . Can you see the difference ???
How long have u been trading live with Hotforex?
how has your experience been so far?

the difference you are seeing is probably due to broker datafeed difference, which is normal.
  • #114,485
  • Jul 19, 2012 11:05pm Jul 19, 2012 11:05pm
Quoting Chanya
Making a post after a few weeks . Had almost 6 BE daily trades within this time , had 7 winners and 1 loss . Below are four out of seven trades that I took ... All thanks to JARROO ......
it's very impressed, but i have one question.

how you choose your trades? for exampel on this chart:

http://i47.tinypic.com/33lyoia.gif

THX for Your help

Good Look in live trade...!!
  • #114,486
  • Jul 19, 2012 11:47pm Jul 19, 2012 11:47pm
Quoting Hotwinter
Chanya! thanks for pointing the Jaroo's charts to find that first level where the trader have to get vigilant.

But Im amazed how my charts are different from your ones. But if i use some other broker's charts, then I think the change of the broker would not be that much important...what do u say???

I would be happy if u let me know which broker's charts do u use for your trading.??

[b]And the most Important, i have always been struggling to understand the very basic philosophy...
hey Aslam,

You are right in that you may not have to trade off of your brokers charting only. You can use other more popular feeds such as Fxpro and only execute orders through your broker.

FTA as Chanya pointed out is the first area of S/R flip that price may find trouble at i.e has a chance of bouncing off of. All you have to do is to move your eyes in the right direction of your trade and spot any bar highs/lows in the way specially when they line up with each other. (refer to attached charts)

As price hits this region it is imperative to understand that a bounce off it should not come as a surprise. Taking some risk cutting measures like partial/full profit taking or moving the stop loss to cut down some/all risk is a good idea. Or for the very at least you just need to watch very carefully how price develops at the FTA or whether its showing signs of breaking through or holding up.

To sum it up really the FTA like other trouble areas marked by PPZs helps us to simply manage our trades better and in a logical way.

Hope this helps.

g.
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I believe . . .
  • #114,487
  • Jul 19, 2012 11:47pm Jul 19, 2012 11:47pm
breakout on mmm.
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meine augen sind die sterne
  • #114,488
  • Jul 20, 2012 2:18am Jul 20, 2012 2:18am
this thread is a excellent example in group cognitive dissonance.. i commend all its contributors to the experiment
Grabbing the bull by the horns!
  • #114,489
  • Jul 20, 2012 4:36am Jul 20, 2012 4:36am
Quoting ghous
To sum it up really the FTA like other trouble areas marked by PPZs helps us to simply manage our trades better and in a logical way.

g.
Hi, Just wanted to add one FTA to the oil chart. The one that Ghous pointed out was more important FTA, but I could add one area there to watch PA, for mgmt purposes.

And I used G's chart to play with one screenshot sw...

R
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  • #114,490
  • Jul 20, 2012 5:14am Jul 20, 2012 5:14am
I am very active these days
Usually i enter a lot rarely.
This is another example of what i call a pitka :
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  • #114,491
  • Jul 20, 2012 6:20am Jul 20, 2012 6:20am
EUR/USD: it is a lot of resistant areas out there- we need strong news to make USD stronger:
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  • #114,492
  • Jul 20, 2012 6:46am Jul 20, 2012 6:46am
Quoting vitall
EUR/USD: it is a lot of resistant areas out there- we need strong news to make USD stronger:
I looked at your chart ... then i look again at mine and i said to myself "wow man, i feel like a mad man to sell this sh*t against such a demand". Well, few seconds later i thought "pitka is good, stick to what is proof to work for you".
I still find your chart is pretty logical man!
  • #114,493
  • Jul 20, 2012 6:49am Jul 20, 2012 6:49am
Quoting Rust
I am very active these days
Usually i enter a lot rarely.
This is another example of what i call a pitka :
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Anyway ... here is why i love pitka
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  • #114,494
  • Jul 20, 2012 6:55am Jul 20, 2012 6:55am
Quoting Rust
Anyway ... here is why i love pitka
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great man
  • #114,495
  • Jul 20, 2012 7:10am Jul 20, 2012 7:10am
....
A wise man supposedly once said "If you can't explain it simply, you don't understand it well enough"[/quote]


Love it. Great quote
  • #114,496
  • Jul 20, 2012 7:52am Jul 20, 2012 7:52am
Quoting Rust
I am very active these days
Usually i enter a lot rarely.
This is another example of what i call a pitka :
Attachment
I played the 30min beob rust

Played as a channel though. Same thing

Best
Mike
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  • #114,497
  • Jul 20, 2012 8:05am Jul 20, 2012 8:05am
Today is crazy Friday.
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  • #114,498
  • Jul 20, 2012 8:08am Jul 20, 2012 8:08am
Quoting mbqb11
I played the 30min beob rust

Played as a channel though. Same thing

Best
Mike
How could you always beat me R:R wise maaan . Experience got it's role
Hehe, i was sure you're on it, too (if not still sleeping)

btw i decided to call pitka the hybrid of a channel and rounding effect - both learned watching your so nice webinars
  • #114,499
  • Jul 20, 2012 8:19am Jul 20, 2012 8:19am
Quoting mbqb11
I played the 30min beob rust

Played as a channel though. Same thing

Best
Mike
Nice trade Mike. I didn't play the break out. I'd like to see a retrace back to the TL but maybe not. EU looks pretty weak. But GU and AU are looking strong and a bounce up I think is possible. We'll see.
  • #114,500
  • Jul 20, 2012 8:27am Jul 20, 2012 8:27am
GU finding support? Pinbar on H1 at confluence. Will wait for this to break the top of the pinbar if long.
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