james16 Chart Thread | Page 5950 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #118,981
  • Sep 24, 2012 7:35am Sep 24, 2012 7:35am
Quoting dirane
Hi all ,

i would like to express millions thnx to james16 and all the senior comrade in here for the very helpfull thread i ever read , ive been in the demo account for the last 6 years relentless ( blowing almost 12 demo acc that i use to trade like a real live one ) . lost thousand of my money as i buy many kind of the system,
regardless thousands indicator i use all come to one conclusion = i cant find a very good reason why i should trade in live account . i almost gave up , stop for demo or near forex for at least 6 months.
lastly...
Nice one dirane, well done.
Seek not to change the world; seek only to change your mind about the world
  • #118,982
  • Sep 24, 2012 7:45am Sep 24, 2012 7:45am
Quoting packhorse
Hi Everyone,

I trade just daily pinbars.

Can someone give me advice as to how I can stop "checking" my trades. I live in the UK, and I tend to keep waking in the night to see how my trades are doing, even though they are "set and forget" trades with SL and Limit orders.

Anyone else have the same problem or solution? It does make for disturbed nights of sleep!

Thanks
Hey Pack

Like others said this all comes down to YOU. You need to make the effort NOT to do it. Resist going if your method works on a set and forget basis. Each day you resist the next becomes a bit easier.

Now this all is if your method works and you have an edge this way

This would be like if I said "Pack I will give you $ each day you don't wake up and come into this other room". Would you get up each night just to open the door and go into this room ?


Mike
  • #118,983
  • Sep 24, 2012 7:48am Sep 24, 2012 7:48am
Quoting packhorse
Hi Everyone,

I trade just daily pinbars.

Can someone give me advice as to how I can stop "checking" my trades. I live in the UK, and I tend to keep waking in the night to see how my trades are doing, even though they are "set and forget" trades with SL and Limit orders.

Anyone else have the same problem or solution? It does make for disturbed nights of sleep!

Thanks
You have had some nice replies .

Maybe something is wrong? Are you too excited about your trades? Do you have too big risk or something that drive your emotions. Or is it just the way you are trading that don't quite fit you. It may be something that go over when you gather confidencto to your trading, but maybe not. And if not then you maybe should think of some changes to your trading.
  • #118,984
  • Sep 24, 2012 7:51am Sep 24, 2012 7:51am
Quoting bullzeye
GOLD

stairway to heaven...or just a Christmas tree in making?

Attachment
pivotal point here I say down
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 23 KB
  • #118,985
  • Sep 24, 2012 8:29am Sep 24, 2012 8:29am
Watching this one.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad92412.jpg Size: 127 KB
  • #118,986
  • Sep 24, 2012 9:43am Sep 24, 2012 9:43am
Quoting bullzeye
get a girlfriend...it helps
Very good....I like it!
"Fail to prepare, prepare to fail."
  • #118,987
  • Sep 24, 2012 9:44am Sep 24, 2012 9:44am
Quoting Audioslave
You're not doing anything wrong Packhorse. It's your instict that tells you "The real trader does not sleep. He watches." Ask Mike or Jarroo.
Thanks. That has made me feel better!
"Fail to prepare, prepare to fail."
  • #118,988
  • Sep 24, 2012 11:04am Sep 24, 2012 11:04am
Quoting annu333
Does anyone have keltner channel indicator (8. 1,3%, 1,3%)?
you will probably have to go to a tradestation platform to get the 1.3 settings......otherwise the keltner for mt4 works fine but no decimal settings...
Attached File(s)
File Type: mq4 Keltner_Channel.mq4   3 KB | 508 downloads
  • #118,989
  • Sep 24, 2012 11:09am Sep 24, 2012 11:09am
Hello everyone, I joined this forum about 2 weeks ago and I've to admit that this place is a treasury of knowledge. Today, using the knowledge gathered here, I thought I'd show a trade I have pending right now (sell stop). Any comments or helpful insights will be greatly appreciated.

http://imageshack.us/a/img713/1484/94166706.png
  • #118,990
  • Sep 24, 2012 11:11am Sep 24, 2012 11:11am
is it make or break time for Cad?.....any thoughts would be appreciated...looks like it is having a struggle here...
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 47 KB
  • #118,991
  • Sep 24, 2012 11:21am Sep 24, 2012 11:21am
Went long at HCR 63.47
SL is under the bar that broke through. TP is at 64.25
Attached Image (click to enlarge)
Click to Enlarge Name: hcr sgd jpy.jpg Size: 88 KB
  • #118,992
  • Sep 24, 2012 11:39am Sep 24, 2012 11:39am
I'm watching nzdjpy - nice hcr (tested many times) and broken pinbar...
Audusd is also looking good...usdjpy also very important lcs/hcr...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdjpy.gif Size: 25 KB
Click to Enlarge Name: audusd.gif Size: 25 KB
Click to Enlarge Name: usdjpy.gif Size: 31 KB
  • #118,993
  • Sep 24, 2012 11:51am Sep 24, 2012 11:51am
pending short AU
Attached Image (click to enlarge)
Click to Enlarge Name: s64.png Size: 40 KB
  • #118,994
  • Sep 24, 2012 11:59am Sep 24, 2012 11:59am
Quoting rafstraszek
I'm watching nzdjpy - nice hcr (tested many times) and broken pinbar...
Audusd is also looking good...usdjpy also very important lcs/hcr...
here was my version of the nzd/jpy


Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 9-24-2012 nzdjpy.gif Size: 36 KB
  • #118,995
  • Sep 24, 2012 12:36pm Sep 24, 2012 12:36pm
short selling , wanna add last positions.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 42 KB
  • #118,996
  • Sep 24, 2012 2:05pm Sep 24, 2012 2:05pm
Quoting mbqb11
here was my version of the nzd/jpy


Mike
mike would wait fro a break either below the middle of the channel and wait for PA when it comes back towards that line, and the same at the top of the channel, break come back down and test confirm with PA?

after watching your break out video i quite enjoy this styl eof trading make sence.

Hilton

Thanks as always for your input mike
Thank you J16 & Trader Dante
  • #118,997
  • Sep 24, 2012 2:51pm Sep 24, 2012 2:51pm
Quoting chartergas
mike would wait fro a break either below the middle of the channel and wait for PA when it comes back towards that line, and the same at the top of the channel, break come back down and test confirm with PA?

after watching your break out video i quite enjoy this styl eof trading make sence.

Hilton

Thanks as always for your input mike
Hey C

WIth the above chart my preferred way to trade it would be short the pinbar, located at the top of the channel with massive confluence. Touch trade the channel top. Or wait till we approach the bottom of the channel for potential longs, OR breakout of the channel rising TL. You can of course also use that midpoint to trade, but then you are stuck more inside the channel and can make mgmt much more tricky. So I prefer the extremes myself

Hope that helps
Mike
  • #118,998
  • Edited 4:20pm Sep 24, 2012 2:52pm | Edited 4:20pm
Quoting Belaslav
Hello everyone, I joined this forum about 2 weeks ago and I've to admit that this place is a treasury of knowledge. Today, using the knowledge gathered here, I thought I'd show a trade I have pending right now (sell stop). Any comments or helpful insights will be greatly appreciated.

http://imageshack.us/a/img713/1484/94166706.png
Hi,
Welcome to the group.
The first Pin was ok, but the second was more a trade management type of bar, not one that I would enter. And the pending entry is right on the ppz and round number 1,04. We should get a break of that down, before we want to enter short.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 2012-09-24.gif Size: 54 KB
  • #118,999
  • Sep 24, 2012 3:03pm Sep 24, 2012 3:03pm
Quoting mbqb11
here was my version of the nzd/jpy


Mike
Thanks Mike - your point of view is always appreciated

I prefer more a horizontal, than diagonal (trendlines, channels) point of view...but sure - trading breakouts out of consolidation with space is much better than trading into consolidation (with traffic)...But there are chances that we'll get strong close and big bearish candle, hcr is also weekly one - so i'm still in xD But I'll keep my sl tight and risk low, take care
  • #119,000
  • Sep 24, 2012 3:26pm Sep 24, 2012 3:26pm
Quoting rafstraszek
Thanks Mike - your point of view is always appreciated

I prefer more a horizontal, than diagonal (trendlines, channels) point of view...but sure - trading breakouts out of consolidation with space is much better than trading into consolidation (with traffic)...But there are chances that we'll get strong close and big bearish candle, hcr is also weekly one - so i'm still in xD But I'll keep my sl tight and risk low, take care
Hey Raf

I meant that this was a great one. Playing that pinbar at the swing high had massive confluence. Now we look to see if price can close past the midpoint area for a continued move lower. I am still holding my xxx/jpy shorts as well

Best
Mike
36 traders viewing now