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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

  • #116,261
  • Aug 25, 2012 9:13am Aug 25, 2012 9:13am
How do you guys usually prepare for trading? Weekend after weekend (weekly charts), day after day (daily charts), session after session (H4/H1)?

Also, how do you keep up with such a big number of pairs to watch? Is it better to start with a smaller number or just watch more and get as much practice as possible?

Thanks
I don't need easy. I just need possible.
  • #116,262
  • Aug 25, 2012 9:14am Aug 25, 2012 9:14am
Hey PB and all other traders in here: Wanna play another round of WIPG (Where Is Price Going)? Look at the massive DBHLC in the attached chart. What do you think where price is going? Mark your targets and tell us why you chose them. Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: 120825_01_wipg.jpg Size: 54 KB
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,263
  • Aug 25, 2012 9:18am Aug 25, 2012 9:18am
Quoting Winston Reed
The pinbar came off 2 higher levels. Trend is overall down.
Thanks for the feedback WR and solo. I do see those levels and they do -look to be pretty strong. I see -weakness in the pinbar though...it only closed within 4 pips of the previous bars high on my feed. I wouldn't be surprised to see something like on my chart. Probably not trading it, but definitely watching because it will be a good lesson in how these levels react.
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  • #116,264
  • Aug 25, 2012 9:20am Aug 25, 2012 9:20am
Quoting HanSolo
Hey PB and all other traders in here: Wanna play another round of WIPG (Where Is Price Going)? Look at the massive DBHLC in the attached chart. What do you think where price is going? Mark your targets and tell us why you chose them. Good luck!
Ill play. Although there's probably no point since I cant trade profitably

reason: I guess price would retest that res' area, hopefully reject off it and move lower to the lower purple s/r area ...

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  • #116,265
  • Aug 25, 2012 9:23am Aug 25, 2012 9:23am
Quoting dan89
Ill play. Although there's probably no point since I cant trade profitably

reason: I guess price would retest that res' area, hopefully reject off it and move lower to the lower purple s/r area ...

Attachment
  • #116,266
  • Aug 25, 2012 9:24am Aug 25, 2012 9:24am
Quoting HanSolo
Hey PB and all other traders in here: Wanna play another round of WIPG (Where Is Price Going)? Look at the massive DBHLC in the attached chart. What do you think where price is going? Mark your targets and tell us why you chose them. Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: 120825_01_wipgDGB.jpg Size: 90 KB


EDIT: Lol....Same idea, only i was late 20 seconds...loooool
I don't need easy. I just need possible.
  • #116,267
  • Aug 25, 2012 9:27am Aug 25, 2012 9:27am
Quoting DaGrizlyBull
Attachment

EDIT: Lol....Same idea, only i was late 20 seconds...loooool
fantastic and I like how you extrapolated out some of the larger potentials.

Mike
  • #116,268
  • Aug 25, 2012 9:29am Aug 25, 2012 9:29am
Quoting DaGrizlyBull
How do you guys usually prepare for trading? Weekend after weekend (weekly charts), day after day (daily charts), session after session (H4/H1)?

Also, how do you keep up with such a big number of pairs to watch? Is it better to start with a smaller number or just watch more and get as much practice as possible?

Thanks
Hey Grizly, I think everyone has his own unique approach. When I started out I was overwhelmed whenever I had more than five charts opened up. It took me over two years to get accustomed to +20 pairs. It gets easier over time and the better you get at reading charts in general. At least mark the charts that show some potential. That makes skipping through much easier. Or write down potential setups for the day on a piece of paper. So at least for the day you would not have to skip through all the charts every x hours.

In general the more charts you scan, the more opportunities you get. You can do it like Mike: Scan one pair after another for setups and keep only the ones open that show setups, approach interesting areas and so on.
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,269
  • Aug 25, 2012 9:39am Aug 25, 2012 9:39am
Quoting ghous

By the looks of it though, we can't stay hidden like forever. Watch out Chanya! lol

g.
You are scaring me ... Any immediate danger that you see coming ??
Human
  • #116,270
  • Aug 25, 2012 9:41am Aug 25, 2012 9:41am
Quoting mbqb11
Hmm ..must be my lucky number ...

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  • #116,271
  • Aug 25, 2012 10:55am Aug 25, 2012 10:55am
Quoting HanSolo
Hey PB and all other traders in here: Wanna play another round of WIPG (Where Is Price Going)? Look at the massive DBHLC in the attached chart. What do you think where price is going? Mark your targets and tell us why you chose them. Good luck!
This is fun. Chose targets based on previous swing highs/lows. See chart.
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  • #116,272
  • Edited 11:15am Aug 25, 2012 11:10am | Edited 11:15am
interesting nobody ask what timeframe it is, or whats the time... so it could be NFP, FOMC time on for example 5Min timeframe and we are rolling and rolling ...
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  • #116,273
  • Aug 25, 2012 11:19am Aug 25, 2012 11:19am
Quoting tinkerbelle
interesting nobody ask what timeframe it is
It wouldn't make to big a difference, tinkerbelle. Apart from the noise on lower TFs they follow the same rules. In the simple version of WIPG it does not really matter when and how price will reach the anticipated levels as long as it does.
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,274
  • Aug 25, 2012 11:19am Aug 25, 2012 11:19am
Quoting dabbledave
This is fun. Chose targets based on previous swing highs/lows. See chart.
Nice!
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,275
  • Aug 25, 2012 11:35am Aug 25, 2012 11:35am
Quoting HanSolo
Nice!
Yes you right,
It was a joke but...
if it is some low timeframe and FOMC time... some ppz,sr,tl ... on this time frame in this time are no wall for price....
  • #116,276
  • Aug 25, 2012 1:11pm Aug 25, 2012 1:11pm
Quoting HanSolo
Hey PB and all other traders in here: Wanna play another round of WIPG (Where Is Price Going)? Look at the massive DBHLC in the attached chart. What do you think where price is going? Mark your targets and tell us why you chose them. Good luck!
I think you guys are doing a great job marking the targets.

What about a more sophisticated version of WIPG? Tomorrow I will reveal to you the chart of today's WIPG one bar after another. Everyone can chime in and tell us how he/she would manage the trade bar after bar. Let's see who of you fellow traders can ride this thing the longest...
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,277
  • Aug 25, 2012 1:49pm Aug 25, 2012 1:49pm
Quoting HanSolo
I think you guys are doing a great job marking the targets.

What about a more sophisticated version of WIPG? Tomorrow I will reveal to you the chart of today's WIPG one bar after another. Everyone can chime in and tell us how he/she would manage the trade bar after bar. Let's see who of you fellow traders can ride this thing the longest...
Sounds good. If I'm online I'll have a go
  • #116,278
  • Aug 25, 2012 3:11pm Aug 25, 2012 3:11pm
Quoting HanSolo
I think you guys are doing a great job marking the targets.

What about a more sophisticated version of WIPG? Tomorrow I will reveal to you the chart of today's WIPG one bar after another. Everyone can chime in and tell us how he/she would manage the trade bar after bar. Let's see who of you fellow traders can ride this thing the longest...
If you provide a smaller timeframe so i can trail my stop, deal
I don't need easy. I just need possible.
  • #116,279
  • Aug 25, 2012 3:50pm Aug 25, 2012 3:50pm
I have a silly question guys. In trading, for every seller there is a buyer. Who buys during a massive downtrend?
I don't need easy. I just need possible.
  • #116,280
  • Aug 25, 2012 4:40pm Aug 25, 2012 4:40pm
Quoting DaGrizlyBull
I have a silly question guys. In trading, for every seller there is a buyer. Who buys during a massive downtrend?
I
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