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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

  • #116,001
  • Aug 22, 2012 6:32am Aug 22, 2012 6:32am
Here we come to test the Jarroo Double Whammy.
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  • #116,002
  • Aug 22, 2012 6:58am Aug 22, 2012 6:58am
Quoting S_Ferrer
Thanks for this, I see what you mean.

And how do you manage your trade, when would you move to BE? Or do you fire and forget it?
fire and forget in this case.
Hero calls followed by margin calls...
  • #116,003
  • Aug 22, 2012 7:00am Aug 22, 2012 7:00am
Quoting utiq
for example:
Attachment

PS I know that the entrance is not very correct
Well, you're selling into a demand level so you will probably get some drawdown before this starts to move in your favour.

Definitely not recommended to chase any trade. Good entries are part of good risk management.
  • #116,004
  • Aug 22, 2012 7:01am Aug 22, 2012 7:01am
Quoting meshka
well I think... then its worth to try to play by setting complex pending entries.
say 30% of order size to set at previous multi-bars highs/ or lows and major size put directly on broken HCR or LCS or few pips above/below it. stop is under PBT candle in all cases.

but I am scared if my personal overtrading monster would not kick me into face LOL
'' complex order execution '' aint anything different than useless mathematic play-around.

Like the guys trying to beat Roulette with ''complex'' betting strategies...
Hero calls followed by margin calls...
  • #116,005
  • Aug 22, 2012 7:02am Aug 22, 2012 7:02am
Quoting C-12
Well, you're selling into a demand level so you will probably get some drawdown before this starts to move in your favour.

Definitely not recommended to chase any trade. Good entries are part of good risk management.
yeeeha, good point here... the retest of the previous pole level was our short entry...now it is too late and we dont get a good r:r on this one...


'' losing traders sell into demand and buy at supply ''
Hero calls followed by margin calls...
  • #116,006
  • Aug 22, 2012 7:03am Aug 22, 2012 7:03am
Quoting Pinbar
Here we come to test the Jarroo Double Whammy.
that pinbar.... hugeeeee
Hero calls followed by margin calls...
  • #116,007
  • Aug 22, 2012 7:11am Aug 22, 2012 7:11am
Do you guys think this BEOB is not good enough (small IMO) although the location is good?
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  • #116,008
  • Aug 22, 2012 7:20am Aug 22, 2012 7:20am
Quoting March2011
Do you guys think this BEOB is not good enough (small IMO) although the location is good?
question isnt to sell this beob, question is where to place your stop and your target ? demand ahead, r:r low, regular bearish divergence already played out...

not my kind of trade...

also :

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Hero calls followed by margin calls...
  • #116,009
  • Aug 22, 2012 7:29am Aug 22, 2012 7:29am
Quoting March2011
Do you guys think this BEOB is not good enough (small IMO) although the location is good?
Just my two cents...

82.50!!!!!!
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  • #116,010
  • Aug 22, 2012 7:30am Aug 22, 2012 7:30am
Quoting PhAnTi'
that pinbar.... hugeeeee
Yeah, it is a beauty.
Wonder how many SLs it ate in the creation.
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  • #116,011
  • Aug 22, 2012 7:32am Aug 22, 2012 7:32am
CAD Core Retail Sales lower than expected, 10pip boost within seconds. Looks like this trade works out.
  • #116,012
  • Aug 22, 2012 7:39am Aug 22, 2012 7:39am
Quoting PhAnTi'
question isnt to sell this beob, question is where to place your stop and your target ? demand ahead, r:r low, regular bearish divergence already played out...

not my kind of trade...

also :
Ya, I see the daily trendline below, so dangerous to sell into that area.

Do you mean that in your chart there is no BEOB?
  • #116,013
  • Aug 22, 2012 7:40am Aug 22, 2012 7:40am
Quoting CarFriGau
CAD Core Retail Sales lower than expected, 10pip boost within seconds. Looks like this trade works out.
really....who the heck cares about such figures ?

Quote
Looks like this trade works out

You will definitely lose money trying to trade news in the long run..

believe me ;-p


best,
Jonas
Hero calls followed by margin calls...
  • #116,014
  • Aug 22, 2012 7:42am Aug 22, 2012 7:42am
Quoting March2011
Ya, I see the daily trendline below, so dangerous to sell into that area.

Do you mean that in your chart there is no BEOB?
yep ^^

well H4 charts are something special. All in all we want to have buobs and beobs right at supply/demand levels or at possible swing highs combined with divergence to get nice trades...

thats how i use it to trade
Hero calls followed by margin calls...
  • #116,015
  • Aug 22, 2012 7:53am Aug 22, 2012 7:53am
Quoting jarroo
I wonder it 0421 got back into the EurNzd .
unfortunately i'm don't get back on this trade. i'm still not good at this...

THX.
  • #116,016
  • Aug 22, 2012 7:54am Aug 22, 2012 7:54am
Quoting Gogolak
Hi guys!
What do you think about this one?

USDCAD Long
-Pin
-0.990000
-ppz
VERY nice for a very special reason.

I wonder if anyone here wants to guess what I really like about this?


Mike
  • #116,017
  • Aug 22, 2012 7:55am Aug 22, 2012 7:55am
Quoting HanSolo
Hey Mike, do I get you right: You only keep the pairs/stocks/etc. open that show a potential setup? The rest remains closed?

And what is TOS? Is it your charting software?
Yep generally Hans. I keep pairs open that have areas I am watching or interesting things. Some might be further off then others but in general.

TOS is thinkorswim


Best
Mike
  • #116,018
  • Aug 22, 2012 8:00am Aug 22, 2012 8:00am
Quoting PhAnTi'
really....who the heck cares about such figures ?
I do. Charts don't move themselves on their own but humans, especially their feelings (hope, greed, anxiety etc.) do. You could have the longest pinbar in the world at the highest swing-high but if Mario Draghi would fire out awesome positive news for the EURO EUR/USD wouldn't move down although there was a nice pinbar.


Just my opinion.
  • #116,019
  • Aug 22, 2012 8:08am Aug 22, 2012 8:08am
Quoting CarFriGau
I do. Charts don't move themselves on their own but humans, especially their feelings (hope, greed, anxiety etc.) do. You could have the longest pinbar in the world at the highest swing-high but if Mario Draghi would fire out awesome positive news for the EURO EUR/USD wouldn't move down although there was a nice pinbar.


Just my opinion.
are you sure ?
Hero calls followed by margin calls...
  • #116,020
  • Aug 22, 2012 8:12am Aug 22, 2012 8:12am
Great zone...
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