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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

  • #135,241
  • Jun 3, 2015 1:04pm Jun 3, 2015 1:04pm
Quoting FXBat
hi guys, i have a non-trading related question - does any of you FXCM account holders know where to generate the chart of the account P/L development? I saw also James16 showing us his trades on FXCM last month and at the end of the Acc. Statement there was this chart that i somehow dont know where to get it on myfxcm.com account. thanks in advance, FXBat.
Hi FXBat,
I think you're referring to the trade history graph. If so:

  1. view your history in the trade terminal.
  2. right-click in the history pane.
  3. click on "Save as Detailed Report".
  4. once saved, it should open up immediately.

Hope that helps.

Take Care
Habeeb

Keeping it Simple
  • #135,242
  • Jun 3, 2015 1:28pm Jun 3, 2015 1:28pm
EURUSD +175 pips.
Attached Image (click to enlarge)
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Not doing so well on GBPUSD

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Had to be me. Someone else might have gotten it wrong.
  • #135,243
  • Jun 3, 2015 2:56pm Jun 3, 2015 2:56pm
Quoting mordin
EURUSD +175 pips. {image} Not doing so well on GBPUSD {image}
Quoting Kershey
Thanks to aserbfx, Donaciello & Guitarbloke your comments are very helpful. First trade this week. Entered EUR-JPY long after new monthly highs and Euro demand. USD-CAD: This time, did not enter after this pin, since I wanted to see a break of 1.2400 first. {image} {image} {image}
Congrats on the EUR/xxx trades guys!
However Kershey, you caught an BOUB on E/J, not a Pinbar.

Still, try to look for PB's and OB's at swingpoints.

The G/U example by Mordin for example, the BEOB is not at a swing high, unless you count the small range a swing, but then it's already been consumed by the BEOB for the most part.
It's a sport, an artform and a science.
  • #135,244
  • Jun 3, 2015 3:06pm Jun 3, 2015 3:06pm
Quoting Donaciello
{quote} {quote} Congrats on the EUR/xxx trades guys! However Kershey, you caught an BOUB on E/J, not a Pinbar. Still, try to look for PB's and OB's at swingpoints. The G/U example by Mordin for example, the BEOB is not at a swing high, unless you count the small range a swing, but then it's already been consumed by the BEOB for the most part.

Thanks D!

So, what would be the difference between the marked candles?

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I don't see it very clear. There are many pa setups that go good that are not in swings high/lows
Had to be me. Someone else might have gotten it wrong.
  • #135,245
  • Edited 3:33pm Jun 3, 2015 3:12pm | Edited 3:33pm
Quoting mordin
{quote} Thanks D! So, what would be the difference between the marked candles? {image} I don't see it very clear. There are many pa setups that go good that are not in swings high/lows

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Here's another one:

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Lastly, swing points aren't the only good locations; they're just the easiest to spot.
Continuation trades I think are best left for after you've familiarized yourself with finding good locations.

As you said, PA shows up without good locations and still work, but that doesn't make trading them a sound strategy.
Trading only those setups that greatly increase your odds (PA itself is one of those elements), is how you beat the odds.
^^ easier said than done .
It's a sport, an artform and a science.
  • #135,246
  • Jun 3, 2015 3:28pm Jun 3, 2015 3:28pm
Quoting mordin
{quote} Thanks D! So, what would be the difference between the marked candles?... I don't see it very clear. There are many pa setups that go good that are not in swings high/lows
Mordin, the reason for the failure of the setup is the minor ppz or trouble area located just below the BEOB. This is the way I saw the beob.

Al.
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  • #135,247
  • Jun 3, 2015 3:33pm Jun 3, 2015 3:33pm
Quoting albus999
{quote} Mordin, the reason for the failure of the setup is the minor ppz or trouble area located just below the BEOB. This is the way I saw the beob. Al. {image}
very important chart right here. Always be sure to be thinking about space vs traffic in your setups folks it's a good reminder before you pull the trigger on the TYPE of trade you might be taking(meaning are you trading into traffic and if so is it worth it and how will you react at that area)

Good chart Al

Mike
  • #135,248
  • Jun 3, 2015 6:31pm Jun 3, 2015 6:31pm
Here's a pending order I have on EURO (Touch Trade). Nice clear PPZ on 4Hr. Round number at 1.1200. Space for a move up. We'll see what happens.

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  • #135,249
  • Jun 4, 2015 12:49am Jun 4, 2015 12:49am
Quoting albus999
{quote} Mordin, the reason for the failure of the setup is the minor ppz or trouble area located just below the BEOB. This is the way I saw the beob. Al. {image}


Quoting Donaciello
{quote} {image} Here's another one: {image} Lastly, swing points aren't the only good locations; they're just the easiest to spot. Continuation trades I think are best left for after you've familiarized yourself with finding good locations. As you said, PA shows up without good locations and still work, but that doesn't make trading them a sound strategy. Trading only those setups that greatly increase your odds (PA itself is one of those elements), is how you beat the odds. ^^ easier said than done .
albus999, Donaciello, thanks for your help. Still struggling with minor PPZs. Very useful charts!
Had to be me. Someone else might have gotten it wrong.
  • #135,250
  • Jun 4, 2015 6:49am Jun 4, 2015 6:49am
Quoting wellard
{quote} On which PA is based EURJPY trade? Thanks for answer
Hi Wellard,

its based on a small PB on 1H Chart - May 28th - right at BRN 135.
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Market can stay irrational longer than you can stay solvent.
  • #135,251
  • Jun 4, 2015 6:54am Jun 4, 2015 6:54am
Quoting habeeb
{quote} Hi FXBat, I think you're referring to the trade history graph. If so: view your history in the trade terminal. right-click in the history pane. click on "Save as Detailed Report". once saved, it should open up immediately. Hope that helps. Take Care Habeeb
Yes, exactly, this is what I needed. Thanks a lot, Habeeb!!!!!
Market can stay irrational longer than you can stay solvent.
  • #135,252
  • Jun 4, 2015 8:24am Jun 4, 2015 8:24am
Quoting Donaciello
{quote} {quote} However Kershey, you caught an BOUB on E/J, not a Pinbar. Still, try to look for PB's and OB's at swingpoints. The G/U example by Mordin for example, the BEOB is not at a swing high, unless you count the small range a swing, but then it's already been consumed by the BEOB for the most part.
Yeah its not a pinbar, just the trade for me maked sense in correlation with data and the outsidebar in EUR-CHF.
Meanwhile I took a small loss in USD-CAD.
Sold AUD-USD, and also Oil, waiting for a new low there.
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  • #135,253
  • Jun 4, 2015 8:34am Jun 4, 2015 8:34am
Closed Oil with small profit since market refused to make a new low and
took profit in AUD-USD at first trouble area of 0.7700.
Good week so far.
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  • #135,254
  • Jun 4, 2015 9:13am Jun 4, 2015 9:13am
GBPUSD going my favor , will it hit the target?. I don't know, but we are BE now.

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USDCHF - Also BE.

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  • #135,255
  • Jun 4, 2015 9:58am Jun 4, 2015 9:58am
Quoting zamfir
GBPUSD going my favor , will it hit the target?. I don't know, but we are BE now. {image} USDCHF - Also BE. {image}
Hi Zamfir,

I fully understand first trade, but can you please explain me second one? I see BEOB and then your entry on next candle in to opposite direction. Thanks a lot.
  • #135,256
  • Jun 4, 2015 10:07am Jun 4, 2015 10:07am
the second one has four levels of confluence. Look for it...
  • #135,257
  • Jun 4, 2015 10:57am Jun 4, 2015 10:57am
Quoting zamfir
the second one has four levels of confluence. Look for it...
Thanks for answer. When there is such big confluence, does type of candle matter? Or are you just waiting for touch of this zone?
  • #135,258
  • Jun 4, 2015 11:00am Jun 4, 2015 11:00am
Quoting zamfir
the second one has four levels of confluence. Look for it...
He Zamfir,

I'm always in for a challenge, though I'd like to compare notes, anything I missed?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF confluence.jpg Size: 71 KB
It's a sport, an artform and a science.
  • #135,259
  • Jun 4, 2015 12:26pm Jun 4, 2015 12:26pm
Quoting wellard
{quote} Thanks for answer. When there is such big confluence, does type of candle matter? Or are you just waiting for touch of this zone?
if it has solid confluence and there are no trouble areas , you can take a entry with half you normal position and later on add if it moves in you favor.
  • #135,260
  • Jun 4, 2015 12:28pm Jun 4, 2015 12:28pm
Quoting Donaciello
{quote} He Zamfir, I'm always in for a challenge, though I'd like to compare notes, anything I missed? {image}
well you got most of it. for intraday trades , previous day hi and lo matters. usually you have break out failures at these level. look for them, they are everywhere...
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