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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

  • #132,401
  • 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}
Hi Zamfir, i like your AUDCAD trade, although i dont fully understand it. Touch trade below weekly resistance at 0.9850? thanks in advance.
Market can stay irrational longer than you can stay solvent.
  • #132,402
  • Sep 25, 2014 2:08pm Sep 25, 2014 2:08pm
Quoting vanilla.sky
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. {image} {image}
Update: I took only USDNOK trade, 50% off the table and second unit running. I feel pain in my head from tying mentally push up this small candle.
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  • #132,403
  • Sep 25, 2014 2:13pm Sep 25, 2014 2:13pm
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}
Hello Mike,
I hope you are well.
I drew ppz quite differently but now I can see I was wrong. Simple question from my side, can you please show me which is beob on h4?

Regards.
  • #132,404
  • Sep 25, 2014 3:55pm Sep 25, 2014 3:55pm
Quoting vanilla.sky
{quote} Hello Mike, I hope you are well. I drew ppz quite differently but now I can see I was wrong. Simple question from my side, can you please show me which is beob on h4? Regards.
Hey V

Yep here is the 1hr you can see which bars I aggregated and I entered on the open of the next hourly bar last night. The 87/50 pivot i've been watching for awhile and not found anything I liked. My timing was just a bit off on the last few trades but kept those losses small and this one was just a beauty

Hope that helps
Mike
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  • #132,405
  • Sep 25, 2014 5:39pm Sep 25, 2014 5:39pm
Quoting FXBat
{quote} Hi Zamfir, i like your AUDCAD trade, although i dont fully understand it. Touch trade below weekly resistance at 0.9850? thanks in advance.
you understood it correctly. Its no rocket science. We are in downtrend and TT just below the Weekly resistance.

Like i said earlier

step 1 : watch the higher TF context(trending or non trending)
step 2 : find the location(PPZs)
step 3 : either enter on PA confirmation or TT depending on your experience or how good the setup is. For beginners use PA confirmation , advanced traders can use TT with proper SL.
Step 4 : Profit

  • #132,406
  • Sep 26, 2014 12:05am Sep 26, 2014 12:05am
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  • #132,407
  • Sep 26, 2014 1:05am Sep 26, 2014 1:05am
Quoting mbqb11
{quote} Hey V Yep here is the 1hr you can see which bars I aggregated and I entered on the open of the next hourly bar last night. The 87/50 pivot i've been watching for awhile and not found anything I liked. My timing was just a bit off on the last few trades but kept those losses small and this one was just a beauty Hope that helps Mike {image}
My view is different. I watch PPZ and bounce or break of it. I think you will watch it also fo futher opportunities.
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If not up, then down, otherwise sideways :-)
  • #132,408
  • Sep 26, 2014 1:08am Sep 26, 2014 1:08am
One mor setup I wanted to share. Watching it already for a long time.
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If not up, then down, otherwise sideways :-)
  • #132,409
  • Sep 26, 2014 3:26am Sep 26, 2014 3:26am
Quoting mbqb11
{quote} Hey V Yep here is the 1hr you can see which bars I aggregated and I entered on the open of the next hourly bar last night. The 87/50 pivot i've been watching for awhile and not found anything I liked. My timing was just a bit off on the last few trades but kept those losses small and this one was just a beauty Hope that helps Mike {image}
Hello Mike,
Thanks for your reply.
  • #132,410
  • Sep 26, 2014 7:58am Sep 26, 2014 7:58am
Quoting zamfir
{quote} you understood it correctly. Its no rocket science. We are in downtrend and TT just below the Weekly resistance. Like i said earlier step 1 : watch the higher TF context(trending or non trending) step 2 : find the location(PPZs) step 3 : either enter on PA confirmation or TT depending on your experience or how good the setup is. For beginners use PA confirmation , advanced traders can use TT with proper SL. Step 4 : Profit
Thanks a lot!
Market can stay irrational longer than you can stay solvent.
  • #132,411
  • Sep 26, 2014 9:47am Sep 26, 2014 9:47am
Quoting Magestic
{quote} My view is different. I watch PPZ and bounce or break of it. I think you will watch it also fo futher opportunities. {image}
absolutely M, that's why I exited my short. The original move was away from the midpoint of the larger box, now we're at the bottom of the bigger box. Simple

eur/sek has also been on my watchlist too. Just waiting for it. It's gonna be nice
  • #132,412
  • Sep 26, 2014 9:47am Sep 26, 2014 9:47am
Quoting vanilla.sky
{quote} Hello Mike, Thanks for your reply.
anytime sir
  • #132,413
  • Sep 26, 2014 9:50am Sep 26, 2014 9:50am
Quoting vanilla.sky
{quote} Update: I took only USDNOK trade, 50% off the table and second unit running. I feel pain in my head from tying mentally push up this small candle. {image}
Hi. The trade closed at TP. One trade a week that is something new for me. And so much emotions just by watching two candles. So much to do yet.
I am scared of having few losses as they seem to be big given fact I am taking 50% quickly so second half does not reward so much.
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  • #132,414
  • Sep 26, 2014 10:59am Sep 26, 2014 10:59am
Hi Mike and all,
I sometimes see in your screens entry and exit of your trades drawn into the chart. I looked for the adjustements of MT4 to find the place where it can be activated. For me its important to study my historical trades to learn from them. Someone be so nice and tell me how to make it running.
Thanks a lot.
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Have a nice day
  • #132,415
  • Sep 26, 2014 11:05am Sep 26, 2014 11:05am
Quoting doerpn
Hi Mike and all, I sometimes see in your screens entry and exit of your trades drawn into the chart. I looked for the adjustements of MT4 to find the place where it can be activated. For me its important to study my historical trades to learn from them. Someone be so nice and tell me how to make it running. Thanks a lot. {image}
Hello D,
You pull trade from Account History onto chart.
Regards.
  • #132,416
  • Sep 26, 2014 12:37pm Sep 26, 2014 12:37pm
Quoting vanilla.sky
{quote} Hello D, You pull trade from Account History onto chart. Regards.
Oh, thanks vanilla so much!
Have a nice day
  • #132,417
  • Sep 26, 2014 2:12pm Sep 26, 2014 2:12pm
Hey everybody,
Though it's a bad time in late Friday, I went short on USD/JPY H1 because of the rejection seen through a pinbar at top of the box.
What do you think?
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  • #132,418
  • Sep 26, 2014 2:48pm Sep 26, 2014 2:48pm
Quoting Kouroushi
Hey everybody, Though it's a bad time in late Friday, I went short on USD/JPY H1 because of the rejection seen through a pinbar at top of the box. What do you think? {image}
Hi Kouroushi,
its strange, I just wanted to discuss this chart. Hope your sell reaches target. I think (look at the bigger chart) price will attempt to go to 110.66.
But as your target is 109, the daily candle on monday may absolutely go to 109 before..... But its against the main trend you must be aware of.
Now my concern: How do you guys handle situations like this: there is a strong breakout and a first class opportunity because of much space to the next relevant level. But price doesn`t come back. What do you do?
1. Nothing
2. Entering with a little position at the close of the breakout candle

Appreciate your opinions. Thanks.
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Have a nice day
  • #132,419
  • Sep 26, 2014 3:03pm Sep 26, 2014 3:03pm
Quoting doerpn
{quote} Hi Kouroushi, its strange, I just wanted to discuss this chart. Hope your sell reaches target. I think (look at the bigger chart) price will attempt to go to 110.66. But as your target is 109, the daily candle on monday may absolutely go to 109 before..... But its against the main trend you must be aware of. Now my concern: How do you guys handle situations like this: there is a strong breakout and a first class opportunity because of much space to the next relevant level. But price doesn`t come back. What do you do? 1. Nothing 2. Entering...
hi doerpn
you may want to hear an experienced traders opinion (not me!)
but personally i would do nothing unless i got some entry signal (bars), i understand it broke a good level but unless i get the signal i am starting to learn to move on the next opportunity. i am not good enough to make a move unless i get a really strong indicator to do so, and if i dont get one then i dont make a move.
but i think the experienced guys may way well do what your second option suggests.
  • #132,420
  • Sep 26, 2014 3:03pm Sep 26, 2014 3:03pm
Hi guys,
another issue: I am looking for an indicator (horizontal line) which always shows the price if its pulled up and down on the chart.
Would be a great help when looking for PPZs, Entries, Targets and SLs...
Someone knows? Thanks.
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Have a nice day
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