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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

  • #136,381
  • Aug 10, 2015 7:56am Aug 10, 2015 7:56am
Hi there,

Anyone is watching G/J too? Level seems to be solid, looking for PA at the level.
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  • #136,382
  • Aug 10, 2015 8:06am Aug 10, 2015 8:06am
Quoting ziven78
Hi there, Anyone is watching G/J too? Level seems to be solid, looking for PA at the level. {image}
G'day Ziven. Not sure which way you're headed. But caution going long at present. Price currently looks to be at a supply zone. Just means a bit of resistance if you're going long. May well smash through too. Or reverse.

GB
'Fail to plan, plan to fail'
  • #136,383
  • Aug 10, 2015 8:13am Aug 10, 2015 8:13am
Quoting Guitarbloke
{quote} Thanks. am in profit as you can see. but how I manage them is the key. But That H4 PB is trading into a PPZ and a lot of traffic thereafter. Might be good for a few pips, but who wants to be stewing in traffic at a busy intersection with lights temporarily out of order. If I'm looking at 20 pairs per day, good chance a set up will occur soon enough somewhere else.
Correct! You're always in profit, GB.
It's about time you start a signal service. I could code your website for you, I've done a free codecademy course on HTML5 and JavaScript. Plus have you seen how lame the websites are of these commercial BS'ers? I could totally do a better job. C'mon GB we'll split the profits 80/20 just you and me(you 20).

BTW GBPUSD H4 just printed a DBLHC on my platform with exact lows to the pip.
  • #136,384
  • Aug 10, 2015 8:14am Aug 10, 2015 8:14am
Quoting Guitarbloke
{quote} G'day Ziven. Not sure which way you're headed. But caution going long at present. Price currently looks to be at a supply zone. Just means a bit of resistance if you're going long. May well smash through too. Or reverse. GB
Hi G,

I'm looking for bearish PA to go short, so far after morning news on JPY, GBP has been advancing the whole day.
I was expecting stronger reaction to be honest but well we will see.
  • #136,385
  • Aug 10, 2015 8:23am Aug 10, 2015 8:23am
Quoting ziven78
{quote} Hi G, I'm looking for bearish PA to go short, so far after morning news on JPY, GBP has been advancing the whole day. I was expecting stronger reaction to be honest but well we will see.
Yep. The chart and PA will show us the way Ziven. I'm often working out my mental relationship with the market . All I can do is leave my ego at the door, and respond to the chart in front of me, not react. + good money/trade management

All the best friend. I'm short on that G/J. managing the risk always.
'Fail to plan, plan to fail'
  • #136,386
  • Aug 10, 2015 8:28am Aug 10, 2015 8:28am
Quoting Guitarbloke
{quote} Yep. The chart and PA will show us the way Ziven. I'm often working out my mental relationship with the market . All I can do is leave my ego at the door, and respond to the chart in front of me, not react. + good money/trade management All the best friend. I'm short on that G/J. managing the risk always.
did you get in just now or you went short earlier on?
  • #136,387
  • Aug 10, 2015 8:36am Aug 10, 2015 8:36am
Quoting ziven78
{quote} I always thought that if the candle closes below TL it makes TL stronger and possible bounce more likely thus i would never take trade like this. Thanks a lot for enlightening me on the subject, it's good to learn new stuff all the time. I'll be looking for this pre-emtive BO from now on.
Yes it really depends, it's all about how nice that TL is for me. My aud/usd I ended up out at net breakeven but it's a TL where price could have closed under the TL too but buying a break would still be valid.

It's always that location and confluence if you can bring it in

Mike
  • #136,388
  • Aug 10, 2015 8:37am Aug 10, 2015 8:37am
Quoting d5400
Decided not to take CAD/CHF pin. It would break right into PPZ. {image}
smart D

Also you would be trading back into that TL (the same one I played a breakout on my previous post)

I know I have a PM from you and a bunch of others I promise to answer back today been busy as heck
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  • #136,389
  • Aug 10, 2015 8:38am Aug 10, 2015 8:38am
Quoting incognito517
{quote} Correct! You're always in profit, GB. It's about time you start a signal service. I could code your website for you, I've done a free codecademy course on HTML5 and JavaScript. Plus have you seen how lame the websites are of these commercial BS'ers? I could totally do a better job. C'mon GB we'll split the profits 80/20 just you and me(you 20). BTW GBPUSD H4 just printed a DBLHC on my platform with exact lows to the pip.
Yes, a DBLHC but what is the context. You'd be trading, as of now, straight into a BRN 1.55000 resistance. Sideways market. Having said that, a few pips are always possible within that sort of range if one is into that.

A fella PM'd me recently and said...'GB, you can spot the set ups, but you don't seem to follow rules. I can follow rules. You call the trades, let's raise some money, and i'll manage them.' lol. Well, he/she is correct partly. I am a beginner trader with lots to learn. I am improving all the time, but I am no way good enough for any business transactions. hehe. Thanks for your suggestion Inco. But let's not forget, you are a gun trading the daily as it is. You don't need anything else my friend from what I see. Just increase ur own self belief and keep working it on screen.

GB.
'Fail to plan, plan to fail'
  • #136,390
  • Aug 10, 2015 8:42am Aug 10, 2015 8:42am
Quoting ziven78
{quote} did you get in just now or you went short earlier on?
I was long earlier up to current level, and took profit as I see the possibility of price turning. But who knows. Bear in mind we are in an uptrend. Manage risk always.
'Fail to plan, plan to fail'
  • #136,391
  • Aug 10, 2015 9:10am Aug 10, 2015 9:10am
Quoting Guitarbloke
{quote} I was long earlier up to current level, and took profit as I see the possibility of price turning. But who knows. Bear in mind we are in an uptrend. Manage risk always.
well done, no trade for me. It looks like price momentum still strong enough.
  • #136,392
  • Aug 10, 2015 9:13am Aug 10, 2015 9:13am
Quoting mbqb11
{quote} I know I have a PM from you and a bunch of others I promise to answer back today been busy as heck {image}
I'ts ok MB, you replied to my PF contact form.
1.02^200
  • #136,393
  • Edited 10:00am Aug 10, 2015 9:20am | Edited 10:00am
Quoting zamfir
{quote} Which broker are you with. I never had these kind of problems. I have traded with hotforex and FCXM. I m currently with FXCM. No issues so far. My suggestion is you try oanda or fxcm.
Good for you Zamfir!

I wouldn't like to write names, but it's happening to me already twice... in 2015!! and I'm not joking... Welcome to the jungle!! ;-))
So Oanda and FXCM.
Thanks guys anyway!
R
  • #136,394
  • Aug 10, 2015 9:22am Aug 10, 2015 9:22am
Hi guys,
hope you enjoying your learning and trading. it's getting more fun as you learn and go forward
i'm in GBP/SGD. very nice BEOB. played pullback to 2.15 BRN to reduce risk. luckily survived the spreed widening at Friday. man it was like 60 pips when the marked was closing! did not Take profit at FTA and decided to leave the position open at weekend first because
I'm only 0.3% in risk (thanks mike) secondly because its very big bar and i want to give it a shot for better gain. also it does formed a bearish pin in weekly and right now retraced to left eye which makes it more legible. I'm not sure if i add to my position or not. if i
look at different TF separately and do not risk more than 2% it seems fine.although it's depend on anyone risk tolerant but maybe some experienced trader can shed some light on it.
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  • #136,395
  • Aug 10, 2015 9:26am Aug 10, 2015 9:26am
Quoting ziven78
{quote} well done, no trade for me. It looks like price momentum still strong enough.
Cheers. I've been studying supply and demand recently, so not J 16, but further confluence is my aim. So, and this is not J16, is why I am short on this pair. Looks to me we are at a supply area/sell orders. This could also well be a total crock of shite, but just something I'm interested in as an aside and won't bother this thread too much with if ur lucky.
'Fail to plan, plan to fail'
  • #136,396
  • Aug 10, 2015 11:28am Aug 10, 2015 11:28am
GBPUSD 4hr, I'd posted the pinbar on post # 136343, after a pullback today there was a BUOB in the same place, if I'd have been at home today I would have taken as well. there is a flip area at 1.5520 but there was plenty of room to manage the trade.

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  • #136,397
  • Aug 10, 2015 12:58pm Aug 10, 2015 12:58pm
Quoting Guitarbloke
{quote} Yes, a DBLHC but what is the context. You'd be trading, as of now, straight into a BRN 1.55000 resistance. Sideways market. Having said that, a few pips are always possible within that sort of range if one is into that. A fella PM'd me recently and said...'GB, you can spot the set ups, but you don't seem to follow rules. I can follow rules. You call the trades, let's raise some money, and i'll manage them.' lol. Well, he/she is correct partly. I am a beginner trader with lots to learn. I am improving all the time, but I am no way good enough...
Thanks GB . I’ll probably just team up with Pinku instead LOL. GBP cut through 1.55 like a hot knife through butter. I reckon we’re gonna break that stubborn 1.56700 area too this week.

EURUSD D1 BUOB/PB missed my order by 5 pips and shot up to TP. I’m not disappointed at all though. I just feel more confident in this strategy.
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  • #136,398
  • Aug 10, 2015 1:35pm Aug 10, 2015 1:35pm
Hello guys,

I have read a lot on this thread and now i have some little questions. I hope that you can help me. What do you think about this chart? Could i consider the blue box a resistance spot? How would you trade it? Thanks a lot.
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  • #136,399
  • Aug 10, 2015 4:44pm Aug 10, 2015 4:44pm
EURJPY D1 BUOB 50% entry. 2:1 TP hit!
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Watching CADCHF D1 BUOB:
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  • #136,400
  • Aug 10, 2015 5:16pm Aug 10, 2015 5:16pm
Quoting incognito517
EURJPY D1 BUOB 50% entry. 2:1 TP hit!
Nice trade incognito. Saw that one to, but did not had enough courage to enter this since
the outside bar close was weak and just a few pips above the former high.
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