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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

  • #119,181
  • Sep 28, 2012 4:58am Sep 28, 2012 4:58am
Quoting PhAnTi'
timeframe? please post a chart
Daily and it was chf/jpy. Yesterdays pinbar. And bullzeye posted the chart.

Is there any online forex charting page. Im only using mt4 charts right now and if Im not at home its hard to post the charts.
  • #119,182
  • Sep 28, 2012 5:16am Sep 28, 2012 5:16am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting meshka
cable rejecting resistance again... BEOB printed in H4 TF
I hope so, had stop just above resistance, was a close call! LOL

Kind Regards
Sanil
  • #119,183
  • Sep 28, 2012 5:17am Sep 28, 2012 5:17am
Quoting annu333
Daily and it was chf/jpy. Yesterdays pinbar. And bullzeye posted the chart.

Is there any online forex charting page. Im only using mt4 charts right now and if Im not at home its hard to post the charts.
I would move my stp below daily candle low now. or to BE - i see there is few pips only difference, if You bought it at previous close.

regarding charts - I use https://www.tradingview.com/ time to time
all is eternal - this is good news for people who loves bad news
  • #119,184
  • Sep 28, 2012 5:21am Sep 28, 2012 5:21am
Quoting meshka
I would move my stp below daily candle low now. or to BE - i see there is few pips only difference, if You bought it at previous close.

regarding charts - I use https://www.tradingview.com/ time to time
Closed this one. We have a saying in Estonia: If you want to catch a bird, then its better to have a sparrow in your hands then a eagle on the roof.
  • #119,185
  • Sep 28, 2012 5:28am Sep 28, 2012 5:28am
Quoting annu333
Closed this one. We have a saying in Estonia: If you want to catch a bird, then its better to have a sparrow in your hands then a eagle on the roof.
hehe yeah we in Lithuania have simmilar - better sparrow in Your hand than an elk in the forest.
all is eternal - this is good news for people who loves bad news
  • #119,186
  • Sep 28, 2012 5:37am Sep 28, 2012 5:37am
Quoting annu333
Closed this one. We have a saying in Estonia: If you want to catch a bird, then its better to have a sparrow in your hands then a eagle on the roof.
well, if you want permanent success in trading you better start to hunt for eagles instead of the small birds, if you know what i mean
  • #119,187
  • Sep 28, 2012 5:51am Sep 28, 2012 5:51am
Quoting bullzeye
well, if you want permanent success in trading you better start to hunt for eagles instead of the small birds, if you know what i mean
Yes i know. But it was a risky trade so I better close it with a little profit, then let it go SL.

Im trying to get my mind to this point where I see why I shouldn't enter a trade rather then why I should. Right now Im in between: i see why I should enter the trade... I enter... and then I start to analyze if it was the right decision. But Im already passing lots of trades that I would entered in the past.

Only a+ trades in the future.
  • #119,188
  • Sep 28, 2012 6:31am Sep 28, 2012 6:31am
GBP/CHF was a failed setup. Went long 1.5195 but setup never reached a target. (we can see this also on H1)

CHF/JPY short after breakout and close under LCS was my fault, it hit the first FTA (low of the bar that broke through)

2 losses. Losses happen and we can learn from them, especially the chf/jpy because i need to know that the low an decision point was.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf jpy fault.jpg Size: 81 KB
Click to Enlarge Name: gbp chf failed.jpg Size: 76 KB
  • #119,189
  • Sep 28, 2012 6:41am Sep 28, 2012 6:41am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting Thierry
GBP/CHF was a failed setup. Went long 1.5195 but setup never reached a target. (we can see this also on H1)
Hi Thierry,

Was you aware of the downward sloping TL on the daily TF on the gbp/chf trade?

Kind Regards
Sanil
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfdaily.jpg Size: 94 KB
  • #119,190
  • Sep 28, 2012 6:55am Sep 28, 2012 6:55am
Quoting sg_1988
Hi Thierry,

Was you aware of the downward sloping TL on the daily TF on the gbp/chf trade?

Kind Regards
Sanil
Hi Sanil,

I was not looking to that TL. I missed it. Thanks.
But even after the HCR was touched, price never reached the TL.
  • #119,191
  • Sep 28, 2012 7:09am Sep 28, 2012 7:09am
Hi,
this one I took today.
Everything on chart.

Regards,
Peter

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-28_GBPPLN BEOB.png Size: 90 KB
  • #119,192
  • Sep 28, 2012 7:50am Sep 28, 2012 7:50am
Quoting TraderJ_
Hi guys,

My first post here since I came over this interesting thread. I heard this is one of the biggest thread in FF so I am here to discuss tradings with all. Hope all of us can learn/share with each other and make this thread even more lively
welcome TJ
  • #119,193
  • Sep 28, 2012 7:59am Sep 28, 2012 7:59am
Quoting Pinbar
Jarroo will probably show you this.

Also, it is Friday today and, profit taking is probably more abundant than in the week.

There is also a weekly level just above the monthly level I mentioned in that last post. We can see that price reacted to it as we would expect.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 136 KB
Click to Enlarge Name: 2.jpg Size: 127 KB
  • #119,194
  • Sep 28, 2012 8:03am Sep 28, 2012 8:03am
Quoting Mav13
Hi 5.25, thanks for the chart, itīs helpful. Iīve got a newbie question. There are some pinbars I wouldnīt take beacuse there is support just under them
Hi Mav

Definitely stay out of the market if you don't feel comfortable with the setup. With some basic understanding of order flow and market participants the PBs you highlighted can become just as valid. Defo stick with the basics as outlined by the seniors here.

Quoting TraderJ_
Mav,

You are right. Those places you marked in the chart shouldn't be taken because of their high risks. You can do a historical test to see their probabilities. I think trying to enter the trade there are just 50-50 chances of success. So stay away from them or only trade them when risk/reward are justified.
Hi J trader, same as above. I traded pretty much all of these with a 100% strike rate with a descent RR. Welcome to the thread.
  • #119,195
  • Sep 28, 2012 8:04am Sep 28, 2012 8:04am
Quoting trc
Hi,
this one I took today.
Everything on chart.

Regards,
Peter

Attachment
fantastic use of confluence TRC


Best
Mike
  • #119,196
  • Sep 28, 2012 8:13am Sep 28, 2012 8:13am
Quoting mbqb11
fantastic use of confluence TRC


Best
Mike
Thanks, Mike - I feel like I'm back in school and just got an "A" from a teacher
I remember my first chart and your comments - this was a long journey

Best,
Peter
  • #119,197
  • Sep 28, 2012 8:24am Sep 28, 2012 8:24am
Quoting 5.25
Hi Mav
Definitely stay out of the market if you don't feel comfortable with the setup....
Hi 5.25., thanks for you response, I guess thereīs still plenty to learn
Also thanks TraderJ for your response.
  • #119,198
  • Sep 28, 2012 8:26am Sep 28, 2012 8:26am
Quoting meshka
cable rejecting resistance again... BEOB printed in H4 TF
GBP is crazy...
If not up, then down, otherwise sideways :-)
  • #119,199
  • Edited 9:25am Sep 28, 2012 9:05am | Edited 9:25am
Jarroo,

Can you explain if i did something wrong here? I went long at the HCR after the bar that broke through and closed above.
On H1 TF we can see price never hit the daily targets if we went long at the retest of the HCR (it hit the targets before the hit of the HCR).

The only reasons for me that this trade was more risky, is because the levels were already tested in the past, agree with that?
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.jpg Size: 82 KB
  • #119,200
  • Sep 28, 2012 10:18am Sep 28, 2012 10:18am
Quoting meshka
hehe yeah we in Lithuania have simmilar - better sparrow in Your hand than an elk in the forest.
In Bulgaria it says "better a sparrow in the hands, than a di*k in the a*s"


All in terms of a joke It's a quote from a Bulgarian gangsta tv series .
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