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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

  • #132,381
  • Sep 22, 2014 8:30pm Sep 22, 2014 8:30pm
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  • #132,382
  • Sep 23, 2014 4:24am Sep 23, 2014 4:24am
Quoting FXBat
{quote} great to see you around, Phanti. Im a big fan of your S/D theory please stick around as long as possible, i think there are many who can learn some stuff from you.
Glad to hear.
Anyway my PC crashed on saturday, so I will be off for some days until the producer repaired it... motherboard burned

see you soon,

best,
Jonas
Hero calls followed by margin calls...
  • #132,383
  • Sep 23, 2014 9:10am Sep 23, 2014 9:10am
NZD-JPY, simple little "Where is price going". Now if we can just get the GBP/JPY trade to go right, though I have reduced my risk to just above the left eye.
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  • #132,384
  • Sep 23, 2014 11:12am Sep 23, 2014 11:12am
Quoting Neytiri
{image}
Thanks Ney,
I`m in too.
First target 97.75
Have a nice day
  • #132,385
  • Sep 23, 2014 2:08pm Sep 23, 2014 2:08pm
Quoting slade1986
NZD-JPY, simple little "Where is price going". Now if we can just get the GBP/JPY trade to go right, though I have reduced my risk to just above the left eye. {image} {image}

Broke through the left eye and took me out. On to the next one....
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  • #132,386
  • Sep 23, 2014 2:20pm Sep 23, 2014 2:20pm
Quoting slade1986
{quote} Broke through the left eye and took me out. On to the next one.... {image}
me to slade, this one never got going. Still a great one, just didn't do what we hoped and you reduced your loss at a perfect point. Price can easily still come down but with nothing else to control our risk that's not my cup of tea
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  • #132,387
  • Sep 23, 2014 2:32pm Sep 23, 2014 2:32pm
Hi team,
Pls take look on my candidates for tomorrow and advise, criticize . Many thanks.

CHFJPY - uptrend, wedge, breakout, pullback @ 38.2 Fibo (touch), pinbar. Entry on break of pin.

USNONK - uptrend, breakout, pullback, 3 bar high (not perfect) and.... do you think its valid pinbar? I have seen similar lately on thread performing well if scenario was good. Entry would be on breakout.
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  • #132,388
  • Sep 24, 2014 2:46am Sep 24, 2014 2:46am
Quoting doerpn
{quote} Thanks Ney, I`m in too. First target 97.75
Good luck. I closed it at 98.

N
  • #132,389
  • Sep 24, 2014 8:57am Sep 24, 2014 8:57am
Hi guys,

I've been following the thread for quite a few months but haven't posted anything until now. First of all I just want to thank everyone who is contributing to the thread! It truly is a remarkable resource with more genuine information than anywhere else I've been able to find on the web and on top of that it's free! Good stuff indeed.

Anyway I've spent the last few weeks/months backtesting my trade plan in forex tester and have had some pretty decent results. I'm also forward testing with a demo account at the same time to ensure the plan works in current market conditions.

But my question is: how many of you use brokers with NY close charts? In my current demo account with FXCM I have NY close but I'm not too keen on using them as a broker. I know I can just use that account for charts and place orders with another broker, but I don't quite like doing it that way. So how important are the NY close charts really?

Worth noting is that I currently only trade the daily charts.

All input regarding this is greatly appreciated!

Thanks
  • #132,390
  • Sep 24, 2014 10:25am Sep 24, 2014 10:25am
Quoting Neytiri
{quote} Good luck. I closed it at 98. N
Hi Ney,
price stopped 1 pip above TP .....
I reduced risk to zero by pulling SL to BE , so free trade for now.
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Have a nice day
  • #132,391
  • Sep 24, 2014 2:27pm Sep 24, 2014 2:27pm
hi all,
i have been quiet on here as i have been doing a lot of testing.
one question i wanted to ask around BEOB and BUOB
there are many instances where the wicks form majority of the BEOB or BUOB
are these bars more reliable if the body is larger as opposed to the wicks doing the engulfing?
  • #132,392
  • Sep 24, 2014 4:09pm Sep 24, 2014 4:09pm
Quoting flash4
hi all, i have been quiet on here as i have been doing a lot of testing. one question i wanted to ask around BEOB and BUOB there are many instances where the wicks form majority of the BEOB or BUOB are these bars more reliable if the body is larger as opposed to the wicks doing the engulfing?
IMHO a BEOB or BUOB should have a strong close in the intended direction. If it closes as a doji or close to a doji then it is basically an indecision bar and worth only as much as indecision will take you.
  • #132,393
  • Sep 24, 2014 5:58pm Sep 24, 2014 5:58pm
Hey all. what do you think about this trade?
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  • #132,394
  • Sep 24, 2014 7:40pm Sep 24, 2014 7:40pm
Quoting Denny Crane
Hey all. what do you think about this trade? {image}

Love Denny Crane!

Would like to hear your rationale first.
  • #132,395
  • Sep 24, 2014 7:48pm Sep 24, 2014 7:48pm
Weekly chart shows a break out of the box and retrace back to the box. But no PA to go short unless this is a touch trade.
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Daily chart. A head and shoulders brought price back into the box. I can't appreciate PA to go short. My feed is not a NY close however.
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  • #132,396
  • Sep 24, 2014 8:18pm Sep 24, 2014 8:18pm
Quoting Winston Reed
{quote} IMHO a BEOB or BUOB should have a strong close in the intended direction. If it closes as a doji or close to a doji then it is basically an indecision bar and worth only as much as indecision will take you.
thanks winston, that makes sense
  • #132,397
  • Sep 25, 2014 11:35am Sep 25, 2014 11:35am
took a small loss on aud/jpy just mistiming the HUGE ppz. But luckily nzd/jpy gave us just a picture perfect setup

Massive PPZ and TL break +4hr beob

Here is the daily view.
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  • #132,398
  • Sep 25, 2014 11:40am Sep 25, 2014 11:40am
Anyone caught this fine setup on EUR/USD - BE for now.

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AUDCAD BE for now.

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  • #132,399
  • Sep 25, 2014 1:20pm Sep 25, 2014 1:20pm
Quoting mbqb11
took a small loss on aud/jpy just mistiming the HUGE ppz. But luckily nzd/jpy gave us just a picture perfect setup Massive PPZ and TL break +4hr beob Here is the daily view. {image}
Missed it...
Have a nice day
  • #132,400
  • Sep 25, 2014 1:20pm Sep 25, 2014 1:20pm
Quoting zamfir
Anyone caught this fine setup on EUR/USD - BE for now. {image} AUDCAD BE for now. {image}
Have a nice day
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