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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

  • #134,821
  • May 5, 2015 11:26pm May 5, 2015 11:26pm
Hello,
I am new to price action and read some parts of this thread with great interest. I have a question and would like to know what your experiences are.

Forex pairs are traded by different traders with different mindsets and techniques. Are certain fx pairs more 'technical' than others? Is there a difference betwene pairs how they react and respond to support/resistance, price action formations and alike? If so, what are the pairs you consider the most 'technical'?

RT
  • #134,822
  • May 6, 2015 3:09am May 6, 2015 3:09am
Break of TL and pin retest minor support at 1.3400. BE at FTA
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  • #134,823
  • Edited 4:49am May 6, 2015 3:43am | Edited 4:49am
Quoting FrenchPips
My specific question is about how best to use our screens, trading set-up, software, whatever, when we are engaged in "trading". I'm fine with the J16 material, but when I sit down to trade, I feel like I'm making it more work than it should be. If anyone would be happy to shout out some tips or ideas based on what has worked for you,
I use FastOrder expert for time economy. it can pending order with SL, TP and %of risk(MM). It really fast. sorry manual only on russian
Attached File(s)
File Type: ex4 FastOrder.ex4   115 KB | 434 downloads
File Type: pdf FastOrder Manual.pdf   577 KB | 1,880 downloads
  • #134,824
  • May 6, 2015 8:49am May 6, 2015 8:49am
Спасибо protuberanec
Sometimes it is good to know russian.
  • #134,825
  • May 6, 2015 9:36am May 6, 2015 9:36am
@ Monet: Why are you still losing?, I told you to use this Pivot Trader pro
This is my 3rd successful trade for today
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  • #134,826
  • May 6, 2015 9:37am May 6, 2015 9:37am
Quoting cold chisel
Спасибо protuberanec Sometimes it is good to know russian.
Пожалуйста. Your welcome!
  • #134,827
  • May 6, 2015 10:37am May 6, 2015 10:37am
Quoting Olu
{quote} I see it too. There is also bullish divergence (standard MACD) on the same weekly chart. Olu


the chart did its thing! There was some pips to be made there eh!?


get rich
guy
PATIENCE... DISCIPLINE
  • #134,828
  • May 6, 2015 11:35am May 6, 2015 11:35am
@ Monet: let me give you an inside what Pivot trader pro can do (Live)
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  • #134,829
  • Edited 1:08pm May 6, 2015 12:02pm | Edited 1:08pm
Looks to me like NZD/JPY is setting up for a stop hunt > 90

I'll be posting a chart shortly.

EDIT:
Pardon me for taking so long.

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It's a sport, an artform and a science.
  • #134,830
  • May 6, 2015 1:32pm May 6, 2015 1:32pm
eurcad BE for now...

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  • #134,831
  • May 6, 2015 2:15pm May 6, 2015 2:15pm
according to my Pivot trader pro BUY usd/chf 15 minute time frame please use trailing stop 60 points
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  • #134,832
  • May 6, 2015 2:34pm May 6, 2015 2:34pm
Quoting Stclause
according to my Pivot trader pro BUY usd/chf 15 minute time frame please use trailing stop 60 points {image}
@Stclause , you are posting in the wrong thread.

Please go sell your garbage robot elsewhere.
  • #134,833
  • May 6, 2015 2:44pm May 6, 2015 2:44pm
according to my Pivot trader pro trailing stop has been activated
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  • #134,834
  • May 6, 2015 2:56pm May 6, 2015 2:56pm
according to my Pivot trader pro usd/jpy is still going up
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  • #134,835
  • May 6, 2015 5:19pm May 6, 2015 5:19pm
Quoting Stclause
according to my Pivot trader pro usd/jpy is still going up {image}
Hey St

Please don't use our thread to promote your product. You can start your own thread in this section. I don't like to ban people from the thread but can if needed

Thank you
mike
  • #134,836
  • May 6, 2015 5:22pm May 6, 2015 5:22pm
Quoting Kershey
{quote} Hey Mike, fantastic for taking the time, going through each trade in so much detail ! I hope the interpretation of the charts can be used by others for better understanding of their trades and market understanding. Personally the concept of space is quite new to me and I was rather thinking in terms of profit margin. I watched your video about space from 2014-05-07 (the EUR-GBP W1). For further understanding & if you have some time, I want to ask for a short comment regarding space in the entries from the charts listed below. I experienced...
Hey K

We do webinars weekly in the group. If you mean face to face that would be quite difficult because we have members from all over the world literally

Have you seen my traffic vs space video? It's actually one of the first videos I ever did like 6 or 7 years ago. In the purest form that is what traffic vs space is. It doesn't mean we can't trade in traffic but the understanding of when we do and how we go about it is different for me. Space generally allows price to flow easier with a solid trade. Traffic means trouble areas can catch your trade and turn things or make it a bumpier ride. I'm generally more conservative in traffic areas and more open to catch runners with space
Inserted Video


Best
Mike
  • #134,837
  • May 6, 2015 5:27pm May 6, 2015 5:27pm
Quoting RexTexas
Hello, I am new to price action and read some parts of this thread with great interest. I have a question and would like to know what your experiences are. Forex pairs are traded by different traders with different mindsets and techniques. Are certain fx pairs more 'technical' than others? Is there a difference betwene pairs how they react and respond to support/resistance, price action formations and alike? If so, what are the pairs you consider the most 'technical'? RT
Hey Rex

Welcome to the thread glad to have you

I trade FX, Equities, and some Futures

For me a chart is a chart IF it has the visual qualities that make it technically playable. Things that will keep me away from a chart are large gappings, heavy price spikes within short and long periods of times(ie illiquid securities). So this could make some things technically easier to read.

For example here is a forex pair I would not trade because of the gapping. For me this is not a comfortable thing.
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i do the same thing with equities. A lot of daily equities have large gaps and spikes that when you move to a weekly chart smooth out. So for equities I 99% of the time trade weeklies and monthlies ONLY.

The large majority of pairs your average broker offer I would trade. Some you might have to be careful on intraday with spread levels, but from daily/weekly/monthly are fine.

Back in the day if you traded anything but the "euro" you were seen as crazy LOL. That wasn't even that long ago. Now it's common practice to trade a lot of different pairs. And in my view the way to go. Personally I like the ability to scan many charts looking for very specific things

Best of luck and glad to have you
Mike
  • #134,838
  • May 6, 2015 7:58pm May 6, 2015 7:58pm
WTI, Daily Pin Bar at swing high.
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  • #134,839
  • May 7, 2015 12:18am May 7, 2015 12:18am
Quoting mbqb11
{quote} Hey St Please don't use our thread to promote your product. You can start your own thread in this section. I don't like to ban people from the thread but can if needed Thank you mike
Well said ,,,, I am new to this thread and trying to learn from genuine good traders,,, and endless charts with a sales pitch are spoiling this,, go back to Lapland Stclause.....
  • #134,840
  • Edited 5:40am May 7, 2015 3:08am | Edited 5:40am
Quoting fxin
WTI, Daily Pin Bar at swing high. {image}
hey fxin,
that's seems good set up, i don't have the chart on my broker. is there any fib confluence? oil chrt seems nice though, i'm thinking on shorting at the left eye
take care

Edit:
sell @ 61.06. move to BE after 35 pips dropped. and i'm happy will close portion or all near 60.0 area. thanks j16
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