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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

  • #130,361
  • Mar 27, 2014 3:52am Mar 27, 2014 3:52am
GU trade

Yesterday GU came to a major S/R resistance flip zone. Caught this one right to the pip...

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Cheers,
Stephen
It's all psychology...
  • #130,362
  • Mar 27, 2014 4:26am Mar 27, 2014 4:26am
I'll start buying at around 18.6xx down to 16.xx or even 14.xx aiming for 26.00

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Best,
J
Hero calls followed by margin calls...
  • #130,363
  • Mar 27, 2014 9:29am Mar 27, 2014 9:29am
Quoting nwo-trader
{quote} Big picture view of AUDUSD Monthly IB, Weekly BUOB followed by weekly IB, Daily PB I'm still in followed by the I4B on BRN Friday (Dan Gilbert where are you?) :o) {image} {image} {image}
Nice area to watch for on AUDUSD.
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Price is beautiful. A repetitive method is a competitive method.
  • #130,364
  • Mar 27, 2014 3:24pm Mar 27, 2014 3:24pm
Quoting nwo-trader
{quote} Nice area to watch for on AUDUSD. {image}
....and a potential great area to tuck trailing stops under if price breaks above the area.


N
  • #130,365
  • Mar 28, 2014 1:57am Mar 28, 2014 1:57am
bought geppy... BO yesterday, currently at breakout level.

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J
Hero calls followed by margin calls...
  • #130,366
  • Mar 28, 2014 8:49am Mar 28, 2014 8:49am
Quoting PhAnTi'
bought geppy... BO yesterday, currently at breakout level. {image} J


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Best,
J
Hero calls followed by margin calls...
  • #130,367
  • Mar 28, 2014 9:28am Mar 28, 2014 9:28am
missed it... did anyone get it?


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Best,
J
Hero calls followed by margin calls...
  • #130,368
  • Mar 28, 2014 10:57am Mar 28, 2014 10:57am
Quoting PhAnTi'
missed it... did anyone get it? {image} Best, J
No, I was waiting for price to hit the TL at the next support level (1.8325), which would have been the fourth hit at that level.

A price reversal on a 4H chart off a single-bottom with no PA is too much risk for me. I will leave those trades to you advanced guys.
Forex is for the lifestyle.
  • #130,369
  • Mar 28, 2014 11:42am Mar 28, 2014 11:42am
Quoting PhAnTi'
bought geppy... BO yesterday, currently at breakout level. {image} J
Hi,Ph. Why did you buy?
  • #130,370
  • Mar 28, 2014 2:04pm Mar 28, 2014 2:04pm
Hello
I learn a touch trade, here the latest results. I'm happy
Sorry for my english
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It's only after we've lost everything that we're free to do anything.
  • #130,371
  • Mar 28, 2014 4:52pm Mar 28, 2014 4:52pm
Quoting Alexandr51
Hello I learn a touch trade, here the latest results. I'm happy Sorry for my english {image} {image} {image}
Glad to see Alex. Very nice trades. Do you use only daily charts for touch trades?
Lose small, win BIG
  • #130,372
  • Mar 29, 2014 4:21am Mar 29, 2014 4:21am
Quoting PhAnTi'
missed it... did anyone get it? {image} Best, J
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  • #130,373
  • Mar 30, 2014 2:49am Mar 30, 2014 2:49am
Quoting Neytiri
{quote} {image}
Hero calls followed by margin calls...
  • #130,374
  • Mar 30, 2014 2:53am Mar 30, 2014 2:53am
Quoting bleur
{quote} Hi,Ph. Why did you buy?

see att

Stops at BE+ a few. I will let it run to 173.1x or to my stops... Lets see

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best,
J
Hero calls followed by margin calls...
  • #130,375
  • Mar 30, 2014 4:52am Mar 30, 2014 4:52am
two setups from the german market.
weekly charts.
AOX and HNR1
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meine augen sind die sterne
  • #130,376
  • Mar 30, 2014 10:09am Mar 30, 2014 10:09am
I am ending the month at about +4.5%.
it could have been much more since I did have very good trades esp. early in the month.
I lost some of them back due to some poor judgment - hindsight.
I took 19 trades with 10 winners and 9 losers.
what saved me, to some extent, was cutting my loses as trades progresses, although in some cases (xxx/SEK pairs), I moved too quickly and got cut out for a loss only to see price go my way

my best winners were:
GBP/USD (short)
GBP/CAD (short)
USD/CAD (long)
EUR/NOK (long)
USD/SEK (long)..... etc

my top losers were:
GBP/SEK (long)
NZD/USD (short)
NZD/CHF (short).......... . etc
I don't want to post charts b'cos all these opportunities were highlighted and already posted during the week.

it doesn't take a rocket scientist to realize that my problem is overtrading.
my approach for the 1Q this yr was to take as many trades as fits my criteria, this was to help me get over the psychology of handling losers and winners.
Outcome:
I hv not gotten over the psychological barrier yet, as I saw myself really jumpy whn my trades were going south, however, there is a very remarkable improvement in that area.
my losing trades were mostly trades I marked as lower probability trades, and took them anyway... (... I knw, go ahead and judge me.....)
this stupid act has taken most chunk of my earnings from the market but it has given me an opportunity to tighten my criteria and filter trades more effectively.

the learning goes on.
I will appreciate assistance from anyone on how to filter trades better.

thanks and happy trading.

rgds
Dinta
  • #130,377
  • Mar 30, 2014 1:51pm Mar 30, 2014 1:51pm
guys what is your opinion about this setup?
http://charts.mql5.com/4/307/cadchf-...rkets-as-2.png
  • #130,378
  • Mar 30, 2014 2:37pm Mar 30, 2014 2:37pm
Quoting ProsteJa
{quote} Glad to see Alex. Very nice trades. Do you use only daily charts for touch trades?
Hi ProsteJa.
Yes, all right, I only use the daily charts for analysis.
Sorry for my english. Google translator
It's only after we've lost everything that we're free to do anything.
  • #130,379
  • Mar 30, 2014 4:35pm Mar 30, 2014 4:35pm
Thank you for your reply.

Quoting Alexandr51
{quote} Hi ProsteJa. Yes, all right, I only use the daily charts for analysis. Sorry for my english. Google translator
Lose small, win BIG
  • #130,380
  • Mar 30, 2014 7:07pm Mar 30, 2014 7:07pm
Quoting Dinta
I am ending the month at about +4.5%. it could have been much more since I did have very good trades esp. early in the month. I lost some of them back due to some poor judgment - hindsight. I took 19 trades with 10 winners and 9 losers. what saved me, to some extent, was cutting my loses as trades progresses, although in some cases (xxx/SEK pairs), I moved too quickly and got cut out for a loss only to see price go my way my best winners were: GBP/USD (short) GBP/CAD (short) USD/CAD (long) EUR/NOK (long) USD/SEK (long)..... etc my top losers were:...
fantastic Dinta! and great analysis of yourself and your trading

Look forward to your next update, keep it up

Mike
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