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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

  • #132,481
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  • Edited Oct 2, 2014 6:39am Oct 1, 2014 10:13pm | Edited Oct 2, 2014 6:39am
GBP/AUD - Stopped moved to BE. Limit set just above the 1.8400.
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My Euro trades....All BE now.

EURUSD

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EURAUD

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EURJPY

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Hi. Second loss this week. I entered AUDJPY after two lows and close near low. I think I should consider that price might want to touch BRN and put my stop entry below. In this case I would avoid entry. Any comments are welcome.
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Anybody saw the engulfing bar for USDJPY?
Quoting fascist
Anybody saw the engulfing bar for USDJPY?
was a great one F

I got in on the close and was looking to see if those major lows would break and it would fall off a cliff. Got stopped out at b/e by the spread and it's pushing there again. Hope some of you are able to hang in

here are my charts from the private group
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Quoting mbqb11
{quote} Here is a trade I am in a box. I'm looking towards the midpoint of the box as a potential target. The idea though is to realize the more "tight" that consolidation is the more likely price is to bounce. So box trading has more traffic(think traffic vs space video) and put that together with trouble areas The first thing you want to note about any trade is the market environment {image}
Sank's Mike you help me a lot!!
GPBNZD pinbar on support. GBP is now weak across the board but NZD is weak also. I will wait for correct pinbar setup.

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Quoting mbqb11
{quote} was a great one F I got in on the close and was looking to see if those major lows would break and it would fall off a cliff. Got stopped out at b/e by the spread and it's pushing there again. Hope some of you are able to hang in here are my charts from the private group {image} {image}
What made you take the decision to open on close? Is it because the candle have no lower wick or did you feel there was strong setup?

I accidently placed an sell stop order 10 times the size that my riskprofile allows. Woke up this morning with the order triggered and decided to close it immediately with about -1% loss. Kinda sucked
Quoting ekling
{quote} What made you take the decision to open on close? Is it because the candle have no lower wick or did you feel there was strong setup? I accidently placed an sell stop order 10 times the size that my riskprofile allows. Woke up this morning with the order triggered and decided to close it immediately with about -1% loss. Kinda sucked
Hey E

The reason was price was in a box, but notice that upper blue ppz. THat's exactly where price must stall for me. Giving it a very low risk opportunity. Once price bounced around this area I was able to pull my stop above this area thinking that if price hits the major trouble area i'll get to b/e and give myself a shot at breaking those major lows. I JUST mistimed this one cause it's breaking that area hard now :x


Mike
Quoting protuberanec
{quote} Sank's Mike you help me a lot!!
glad I can be of some help P
Quoting ekling
{quote} What made you take the decision to open on close? Is it because the candle have no lower wick or did you feel there was strong setup? I accidently placed an sell stop order 10 times the size that my riskprofile allows. Woke up this morning with the order triggered and decided to close it immediately with about -1% loss. Kinda sucked
Hey E

Here ya go, been awhile since I uploaded a guest video

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Am I crazy, or is EURUSD forming a nice cup-and-handle in the hourly? Looks like it may take off long.
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Hi guys im new here.. Really looking forward to learn this trading method..

Mbqb11, you are like the head coach around here. It could be very motivational and fun to hear what your profit factor is?
I understand that i wont make the same result that you are.. Chance are i will fight in the beginning to stay break even.
Quoting Mikkelsenz
Hi guys im new here.. Really looking forward to learn this trading method.. Mbqb11, you are like the head coach around here. It could be very motivational and fun to hear what your profit factor is? I understand that i wont make the same result that you are.. Chance are i will fight in the beginning to stay break even.
welcome Mikkel, good to have you and hope we can get you over the hump

I'm just over 3.5 for now. I don't pay too much attention to it but it is a better idea of where your trading is at then most numbers out there

Best of luck and be sure to post up if you have more questions
Mike
Quoting mbqb11
{quote} welcome Mikkel, good to have you and hope we can get you over the hump I'm just over 3.5 for now. I don't pay too much attention to it but it is a better idea of where your trading is at then most numbers out there Best of luck and be sure to post up if you have more questions Mike
Greetings Mike and all,

I've only started looking into trading and the markets in general over the past two months. I feel blessed I stumbled upon this thread so early in my endeavors. Against all advice I'm sure, I've been live trading in small amounts for the past two weeks. I'm not strapped for cash and consider it education funding.

I've only read through less than 50 of the pages in this thread and decided to just sign up with the group. Lol. Sounds crazy but I just couldn't sit through thousands of pages.

Anyway, the purpose was to thank all the contributors. I've been motivated. Cheers.
Hi, guys ,nice pin bar on UK oil Daily, location is good after that big price fall, can someone from the seniors on the thread give some comments,please.Also there are Pins on all US indices- any comments on them ? Thanks in advance. Z
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Quoting Zaho
Hi, guys ,nice pin bar on UK oil Daily, location is good after that big price fall, can someone from the seniors on the thread give some comments,please.Also there are Pins on all US indices- any comments on them ? Thanks in advance. Z {image} {image} {image} {image}
Hey Z

I'd be cautious on some of these. Many are weaker closing pins off minor areas trading into some major areas. I'll use mini dow as an example.

The weekly shows the stronger area even closer but I used the daily
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Thanks for the comments Mike, I think the best possible trade for me will be the OIL one, any comments on this one , please ?
Hi guys,

what do you think about this setup on EURHUF?

the downtrend seems quite strong, we have a two-matching lows from J16 teachings, and space for an 1R:R.

please let me know your thoughts.

thanks,
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Market can stay irrational longer than you can stay solvent.
Quoting zamfir
My Euro trades....All BE now. EURUSD {image} EURAUD {image} EURJPY {image}
Hi Zamfir, as usual, great trades

im also in the EURAUD trade, although i entered lower than you, reasoning the rejection at 1.4550 (weekly R) + the pin looking IB. I also notice that we have totally different feeds, so our candles look quite different.

its great for me that i managed to catch a similar trade like you but i also have a fixed TP.
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Market can stay irrational longer than you can stay solvent.
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