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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

  • #118,161
  • Sep 11, 2012 1:55pm Sep 11, 2012 1:55pm
Quoting extremerrage
chanya do u still waiting for ur corn ? and do u think that blue area is good to go short as it still untested ?
No , I don't think the blue is good because we are in a bigger consolidation ... That can work , But I will be waiting for the whole thing to give in ... I may even enter once on close with half position and retest half with retest ... But that's just me ... I can afford a little bit of risk ... But that is a big maybe ...
Human
  • #118,162
  • Sep 11, 2012 2:28pm Sep 11, 2012 2:28pm
Quoting Magestic
Mike, don't you consider that kind of scenario (short), which is trading into space.
Still valid pattern and acumulating its power?
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If not up, then down, otherwise sideways :-)
  • #118,163
  • Sep 11, 2012 3:09pm Sep 11, 2012 3:09pm
Here goes our daily close confirmation !!!!
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Human
  • #118,164
  • Sep 11, 2012 3:29pm Sep 11, 2012 3:29pm
Quoting jarroo
I had a lot of stuff on that 1st chart LamerT, What part were you referring to on the 1st chart??
In that post you had 2 charts. On the first you drew 2 HCR lines. Then the price stucked between them for a few day, but then successfully broke through it. Now my question is why didnt you guys short at this moment?
Im asking this cause after a few days the price turned - so our trade wouldnt have been profitable. (that much).

Thanks.
It's all psychology...
  • #118,165
  • Sep 11, 2012 3:37pm Sep 11, 2012 3:37pm
Chanya, you think this is a good long tomorrow on the EU? 2815?

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I don't need easy. I just need possible.
  • #118,166
  • Sep 11, 2012 3:51pm Sep 11, 2012 3:51pm
Quoting DaGrizlyBull
Chanya, you think this is a good long tomorrow on the EU? 2815?

Attachment
I already have my orders in for buy ...

Can you share that Round number indicator that is shown in your chart Plz ...
Human
  • #118,167
  • Sep 11, 2012 3:56pm Sep 11, 2012 3:56pm
Quoting HanSolo
Hi Dan, that sounds like you are patient enough to wait for the really good setups. So maybe it's more of a chart reading thing. Getting better at this comes with time.


I just love the atmosphere around here. Actually I prescribed myself trading forum abstinence about nine months ago and have only started posting here and at the PF since August. I thought it was time for the next step in my trading and to give something back, help new people, cheer them up, etc. I think that's how it works. The real pros like Mike and Jarroo are always around...
Hey Hansolo, thanks for the informative reply, appreciate it. Yeah I only trade daily setups and Im happy to wait for the good ones .. mostly because I have a full time job and im not relying on income from FX for anything - although hopefully I will one day I noticed that when I graduated from Uni about a year ago and I had about 6 months off doing nothing, other then FX (lazing around the house during the day, going out at night etc ) I would be 'looking' for trades, almost forcing myself to take some because it felt like forever between valid setups. That changed when I got a job, now its not a problem.

Whats the activity like on the Private Forum during trading hours and after hours ? Do the senior members usually reply fast or is it more like here on the public thread ?

These weekly webinars, Is it just going over past trades or is it about upcoming setups etc, Im kinda tired of learning by looking at charts posted here after the fact/analysing in hindsight.

How long have you been trading for if you dont mind me asking, do you trade for a living etc ?

Cheers
Dan
  • #118,168
  • Sep 11, 2012 4:00pm Sep 11, 2012 4:00pm
Quoting Chanya
Here goes our daily close confirmation !!!!
Which bar is the daily close confirmation and which HCR/LCS levels are you looking at, Im a little confused. I thought the DCC candle was meant to touch the HCR/LCS and close above or below indicating that the level has in fact flipped from support to resistance and vice versa ?

Cheers
Dan
  • #118,169
  • Sep 11, 2012 4:03pm Sep 11, 2012 4:03pm
Quoting Chanya
I already have my orders in for buy ...

Can you share that Round number indicator that is shown in your chart Plz ...
Got it from Pinbar 's signature:

http://www.forexfactory.com/showthre...57#post5442457

By the way man..I see you taking a lot of setups. Do you have any other filter besides PBT and CA/CB? Some other stuff for confluence?
I don't need easy. I just need possible.
  • #118,170
  • Sep 11, 2012 4:13pm Sep 11, 2012 4:13pm
Quoting dan89
Which bar is the daily close confirmation and which HCR/LCS levels are you looking at, Im a little confused. I thought the DCC candle was meant to touch the HCR/LCS and close above or below indicating that the level has in fact flipped from support to resistance and vice versa ?

Cheers
Dan
Here is the minor LCS of which we had a daily close confirmation ... I am nopt taking the sell trade ... I am just happy that there is something now that is going to push price towards my buy order ...
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Human
  • #118,171
  • Sep 11, 2012 4:17pm Sep 11, 2012 4:17pm
Quoting DaGrizlyBull
Got it from Pinbar 's signature:

http://www.forexfactory.com/showthre...57#post5442457

By the way man..I see you taking a lot of setups. Do you have any other filter besides PBT and CA/CB? Some other stuff for confluence?
Its not working on my charts ... I dont know why ...

I dont take alot of setups ... 4 trades per day average ... Only one filter for me , trade should be going in space instead of traffic ... Thats it ... Example , I have not taken GBP CAD , GBP CHF and Usd Jpy in weeks ...
Human
  • #118,172
  • Sep 11, 2012 4:18pm Sep 11, 2012 4:18pm
Quoting Chanya
Here is the minor LCS of which we had a daily close confirmation ... I am nopt taking the sell trade ... I am just happy that there is something now that is going to push price towards my buy order ...
your LCS is the midpoint of the last box around the 100 BRN. Notice it runs rut through the midpoint of the consolidation these will be PPZ flips

you can then see we boxed in between two larger boxes.

Notice the first box bottom is the top of the current box we just broke out of and also corresponds to the rising TL
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  • #118,173
  • Sep 11, 2012 4:25pm Sep 11, 2012 4:25pm
Mike

Hello

What is your opinion on the PB G / CAD?

Very happy to receive feedback

Sorry for my bad English
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  • #118,174
  • Sep 11, 2012 4:27pm Sep 11, 2012 4:27pm
here we go chanya try this one
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File Type: mq4 SweetSpots.mq4   4 KB | 381 downloads
  • #118,175
  • Sep 11, 2012 4:27pm Sep 11, 2012 4:27pm
Quoting mbqb11
your LCS is the midpoint of the last box around the 100 BRN. Notice it runs rut through the midpoint of the consolidation these will be PPZ flips

you can then see we boxed in between two larger boxes.

Notice the first box bottom is the top of the current box we just broke out of and also corresponds to the rising TL
Thanks for the chart ... Love it when your analysis matches up with mine ... Adds alot to the confidence in the trade ...
Human
  • #118,176
  • Sep 11, 2012 4:28pm Sep 11, 2012 4:28pm
Quoting Chanya
Its not working on my charts ... I dont know why ...

I dont take alot of setups ... 4 trades per day average ... Only one filter for me , trade should be going in space instead of traffic ... Thats it ... Example , I have not taken GBP CAD , GBP CHF and Usd Jpy in weeks ...
Change the ShiftLine parameter to 10.
And for pairs with pipettes use 10.000 and 5.000 for MainLevels and SubLevles instead of 1000 and 500.

4 trades per day is a lot. I thought 5 trades/month was good enough if they are A+ setups.
I don't need easy. I just need possible.
  • #118,177
  • Sep 11, 2012 4:32pm Sep 11, 2012 4:32pm
Quoting Yehuda Sh
Mike

Hello

What is your opinion on the PB G / CAD?

Very happy to receive feedback

Sorry for my bad English
Hey Yehuda

Notice the boxing effect here is extremely prevalent. Notice the midpoints and tops and bottoms of these boxes. This sideways effect can cause extreme choppiness on price within the box. Specifically at the tops and bottoms and midpoints

Hope this chart helps(relate it to the eur/jpy chart)

Mike
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  • #118,178
  • Sep 11, 2012 4:33pm Sep 11, 2012 4:33pm
mike i think this question was asked here before, but as ur faithful disciple i would like to hear it from u .. why more often price retraces back to the turning point ? like for instance for a beob ,buob, pin etc..... is it because of supply and demand ?
  • #118,179
  • Sep 11, 2012 4:34pm Sep 11, 2012 4:34pm
Quoting DaGrizlyBull
Change the ShiftLine parameter to 10.
And for pairs with pipettes use 10.000 and 5.000 for MainLevels and SubLevles instead of 1000 and 500.

4 trades per day is a lot. I thought 5 trades/month was good enough if they are A+ setups.
Thanks ...

Everyone has his own different style ... I dont risk much on one trade ... I also try to move to BE and 2/4 mostly go BE ... So its not something over I suppose ...
Human
  • #118,180
  • Edited 4:47pm Sep 11, 2012 4:36pm | Edited 4:47pm
Jaroo, can you describe an example of a A+ setup with your method? What do you need to classify a trade as great? I'm asking this so i can know what i am waiting for
I don't need easy. I just need possible.
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