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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

  • #130,001
  • Feb 18, 2014 9:04pm Feb 18, 2014 9:04pm
Quoting Neytiri
1 hr fakeout - support from lls+ vbrn .9 + 150 ema N {image}
oh. That BUOB low from earlier seems to be sticking out like a sore thumb. A toughy IMO.

g.
I believe . . .
  • #130,002
  • Feb 18, 2014 10:05pm Feb 18, 2014 10:05pm
Ghous,

I was aware of that too. But I thought that the previous fakeout would have consumed all the buy side liquidity provided by those sell stops.

Neytiri
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  • #130,003
  • Feb 19, 2014 12:11am Feb 19, 2014 12:11am
Quoting Neytiri
Ghous, I was aware of that too. But I thought that the previous fakeout would have consumed all the buy side liquidity provided by those sell stops. Neytiri {image}
N
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  • #130,004
  • Feb 19, 2014 1:43am Feb 19, 2014 1:43am
Quoting Neytiri
{quote} N {image}
Ah that target. I missed it . Thought you were in it for the long haul. Glad it worked out for you.

g.
I believe . . .
  • #130,005
  • Feb 19, 2014 2:21am Feb 19, 2014 2:21am
Quoting ghous
{quote} Ah that target. I missed it . Thought you were in it for the long haul. Glad it worked out for you. g.
Thanks Ghous. All I am doing is trying to follow your teachings.

A quote from my favorite movie The Shawshank Redemption -

"Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies"

I had tried and tried but always failed. But your teachings have now given me the hope that I might succeed in this field.

Neytiri
  • #130,006
  • Edited 7:31am Feb 19, 2014 6:48am | Edited 7:31am
Just been stopped out of GBPJPY that I had open since 10th Feb. Bought off a great weekly pinbar, but I still have been following my stops on a daily(-ish) basis. Finding it hard to watch more than 50% of profits retrace, so that's usually where I will find my stops.

I've come out with 180pips, but which at a small position size due to the large stop equates to just over 1% on my account. Will be watching carefully to see if price heads up to my target at 173.

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We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #130,007
  • Feb 19, 2014 3:30pm Feb 19, 2014 3:30pm
I wonder if Mike took this one
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  • #130,008
  • Feb 19, 2014 3:43pm Feb 19, 2014 3:43pm
Quoting gasgas
I wonder if Mike took this one {image}
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  • #130,009
  • Feb 19, 2014 3:52pm Feb 19, 2014 3:52pm
Nice trade mbqb11,

can i ask how you come up with your SL?
  • #130,010
  • Feb 19, 2014 4:33pm Feb 19, 2014 4:33pm
Quoting mbqb11
{quote} {image}
Nice one mate.
Lose small, win BIG
  • #130,011
  • Feb 19, 2014 5:53pm Feb 19, 2014 5:53pm
Quoting ProsteJa
{quote} Nice one mate.
thanks P

Quoting 33drifter
Nice trade mbqb11, can i ask how you come up with your SL?
Hey Drift

I started with it below the bar but I always like to reduce my risk as the trade progresses. It's how I cut my losses but maintain my trades

Here was my original chart from the PF
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  • #130,012
  • Feb 19, 2014 6:28pm Feb 19, 2014 6:28pm
Quoting mbqb11
{quote} Hey Drift I started with it below the bar but I always like to reduce my risk as the trade progresses. It's how I cut my losses but maintain my trades Here was my original chart from the PF {image}
Thank You
  • #130,013
  • Feb 19, 2014 7:07pm Feb 19, 2014 7:07pm
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  • #130,014
  • Feb 19, 2014 7:26pm Feb 19, 2014 7:26pm
Quoting mbqb11
{quote} {image}
  • #130,015
  • Feb 20, 2014 2:21am Feb 20, 2014 2:21am
Quoting Neytiri
{image}
.
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  • #130,016
  • Feb 20, 2014 5:35am Feb 20, 2014 5:35am
I took this one yesterday.

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And FTA was hit quickly. Rest of position around BE.

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Lose small, win BIG
  • #130,017
  • Feb 20, 2014 10:07am Feb 20, 2014 10:07am
Hello guys! What do you think about usdjpy? In trafic, but 101.75-102 not bad support. Yesterday was IB. Today seems like pin. But previous high (102.65) spoils it.
And on weekly chart we have pin right on PPZ. May be do buy stop with stoploss under 102? Glad to hear yours thoughts.
daily
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weekly
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  • #130,018
  • Edited 1:57pm Feb 20, 2014 10:40am | Edited 1:57pm
Quoting dvimix
Hello guys! What do you think about usdjpy? In trafic, but 101.75-102 not bad support. Yesterday was IB. Today seems like pin. But previous high (102.65) spoils it. And on weekly chart we have pin right on PPZ. May be do buy stop with stoploss under 102? Glad to hear yours thoughts. daily {image} weekly {image}
The daily PB has no space (i.e., side-to-side price movement). A hangman is often a bearish signal. The weekly PB is the type to play (off the weekly chart).

See this post for the types of PBs to trade. Good luck.

http://www.forexfactory.com/showthre...95#post1460995
Forex is for the lifestyle.
  • #130,019
  • Feb 20, 2014 12:25pm Feb 20, 2014 12:25pm
Quoting mbqb11
{quote} thanks P {quote} Hey Drift I started with it below the bar but I always like to reduce my risk as the trade progresses. It's how I cut my losses but maintain my trades Here was my original chart from the PF {image}
i'm outta this one personally I think we will move higher but I was at b/e this morning and we could see a pullback and not worth giving up 3% profit going into friday
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  • #130,020
  • Feb 20, 2014 1:09pm Feb 20, 2014 1:09pm
Quoting mbqb11
{quote} i'm outta this one personally I think we will move higher but I was at b/e this morning and we could see a pullback and not worth giving up 3% profit going into friday {image}
been awhile since I put up a video for you guys. Don't worry we have a whole new guest section that will be updated consistently compared to what it's been

Video is here
https://www.facebook.com/james16group
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