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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

  • #114,501
  • Jul 20, 2012 8:30am Jul 20, 2012 8:30am
chart:

http://i49.tinypic.com/257eoti.gif

THX

ps. sorry for my bad English.
  • #114,502
  • Jul 20, 2012 8:35am Jul 20, 2012 8:35am
Quoting Rust
Today is crazy Friday.
Attachment
Rust, You trade only on H1 time frames? and what about S/R leves, you use this come from H1 time frame??

THX
  • #114,503
  • Jul 20, 2012 8:40am Jul 20, 2012 8:40am
Quoting Rust
Today is crazy Friday.
Attachment
Not a ton of profit but 100% good enough for me.
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  • #114,504
  • Jul 20, 2012 8:42am Jul 20, 2012 8:42am
Quoting 0421
Rust, You trade only on H1 time frames? and what about S/R leves, you use this come from H1 time frame??

THX
Hi man,
I trade the H1 with reduced risk %. I prefer the H4, daily and weekly. But with breakouts, H1 works good too.

Regards
  • #114,505
  • Jul 20, 2012 8:48am Jul 20, 2012 8:48am
Quoting 0421
chart:

http://i49.tinypic.com/257eoti.gif

THX

ps. sorry for my bad English.
Hey 04

Remember we want to have matching lows for the DBLHC. These lows are too far off.

Best
Mike
  • #114,506
  • Jul 20, 2012 8:51am Jul 20, 2012 8:51am
I'd love some feedback on this trade. It's working out well, but as a newbie I don't know if that's just luck or it it looks like a good setup to those with experience.

Entry was on the first retrace back to the 365 MA with strong support just below.
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  • #114,507
  • Jul 20, 2012 8:55am Jul 20, 2012 8:55am
Quoting supremeChaos
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.
I have been trading with hot forex from about 10 months now . They are very good in every aspect . Reliable . Never had problem .

See the charts and their difference and you will know that the difference is probably not due to datafeed . The difference is much greater then that ...
Human
  • #114,508
  • Jul 20, 2012 9:06am Jul 20, 2012 9:06am
Quoting Chanya
I have been trading with hot forex from about 10 months now . They are very good in every aspect . Reliable . Never had problem .

See the charts and their difference and you will know that the difference is probably not due to datafeed . The difference is much greater then that ...
Hey Chanya,
I think SC means the difference caused of day close time. It's very easy to see on the H4, because bars are aggregated differently. It's not wrong or right, just they start and end at a different time.
  • #114,509
  • Jul 20, 2012 9:13am Jul 20, 2012 9:13am
Quoting 0421
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...!!

Hey 0421 , Its very Simple . These are break even trades for me and for everyone who has been doing this stuff for a while . You know why ? Because 99.9 % of the time price does hits the first level . If you have spotted the first level correctly , which is a tricky part , then you are safe . I move to BE at first level without a second thought even if the first level is just 10-15 pips away . Refer to the charts below and you will understand how these two trades would have been BE .

Hope this help . Ask again if its unclear .
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Human
  • #114,510
  • Jul 20, 2012 9:15am Jul 20, 2012 9:15am
Quoting Rust
Hey Chanya,
I think SC means the difference caused of day close time. It's very easy to see on the H4, because bars are aggregated differently. It's not wrong or right, just they start and end at a different time.
Oh Okay . I am actually not good with these thing , so .....
Human
  • #114,511
  • Jul 20, 2012 10:00am Jul 20, 2012 10:00am
May I just point out that since I have been looking for James16's price action set-ups on my forex charts, I have found many more that would have worked as opposed to those that would have failed. Those double bars with higher/lower close is one of the best pieces of information I have learnt at FF. What an annoying feeling it is that I hadn't stumbled upon this thread earlier.
  • #114,512
  • Jul 20, 2012 10:14am Jul 20, 2012 10:14am
Quoting jsvihla
What an annoying feeling it is that I hadn't stumbled upon this thread earlier.
I feel the same way sometimes, but all we can do is be grateful that we're here now, and move forward. There's no use in looking back other than to see how far we've come by finding this group.
  • #114,513
  • Jul 20, 2012 10:29am Jul 20, 2012 10:29am
By the way is anybody watching that massive triangle in gold? What are the masters getting ready to do?
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  • #114,514
  • Jul 20, 2012 10:40am Jul 20, 2012 10:40am
Quoting jsvihla
By the way is anybody watching that massive triangle in gold?
I am watching it for sure It has pretty well defined ppz right through the middle A breakout involving that ppz will be great.
  • #114,515
  • Jul 20, 2012 11:53am Jul 20, 2012 11:53am
EURUSD today

please tell me.
how can this chart be traded today?
where the entry and stop loss?
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  • #114,516
  • Jul 20, 2012 12:08pm Jul 20, 2012 12:08pm
Quoting eXtreme
EURUSD today

please tell me.
how can this chart be traded today?
where the entry and stop loss?
Hi eX,

As a newbie myself I'm no expert, and I don't trade the h1 per James' advice on trading only daily and weekly charts to start, but looking at your chart you have a double low form with the 5:00 and 6:00 bars. Playing a break of that double low would have proven successful.

However your first area of trouble was within 20 pips.
  • #114,517
  • Jul 20, 2012 12:20pm Jul 20, 2012 12:20pm
Quoting eXtreme
EURUSD today

please tell me.
how can this chart be traded today?
where the entry and stop loss?
Mike had a good entry based on the BEOB on 30 minute chart. You can see it retested the TL. Once price broke down definitively any entry after that to me is a crap shoot. Currently No clear entry point seen. Probably need to wait for a retrace back to the lower TL or for more development.
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  • #114,518
  • Jul 20, 2012 1:23pm Jul 20, 2012 1:23pm
Quoting Winston Reed
Mike had a good entry based on the BEOB on 30 minute chart. You can see it retested the TL. Once price broke down definitively any entry after that to me is a crap shoot. Currently No clear entry point seen. Probably need to wait for a retrace back to the lower TL or for more development.
thank you, Winston Reed.
where is stop loss for this entry?
thanks.
  • #114,519
  • Jul 20, 2012 1:24pm Jul 20, 2012 1:24pm
I need a little help people . Does anybody knows about an ea that moves our stops to BE at a certain Price . Example , If I take a buy trade of EUR at 1.2100 and I have a stops at 1.2050 . I set an EA to move my stops to BE at 1.2150 and when price reaches it , it does so ...
Human
  • #114,520
  • Jul 20, 2012 1:40pm Jul 20, 2012 1:40pm
Quoting Chanya
I need a little help people . Does anybody knows about an ea that moves our stops to BE at a certain Price . Example , If I take a buy trade of EUR at 1.2100 and I have a stops at 1.2050 . I set an EA to move my stops to BE at 1.2150 and when price reaches it , it does so ...

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