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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

  • #136,981
  • Edited 10:12am Sep 17, 2015 9:58am | Edited 10:12am
Quoting incognito517
{quote} So Ive decided to trade just these pairs but that means I have to trade a much larger position size and it also means that I cannot afford to miss a trade because I may only get 4 to 8 trades a month.
Missing is not the issue in my opinion,
loosing one of these will put you in a high pressure situation,
since larger position size and
with this method on the daily very rarely you get
some good runners compensating for the inevitable loosers

One could respond, well than you have to be very picky with your entries,
but in my opinion that does not count.
Because we are humans we make mistakes and losses in the financial markets are predetermined.
To be on the winning site, the most important thing you can do is to make sure
that your gain exceeds your risk.
  • #136,982
  • Sep 17, 2015 11:55am Sep 17, 2015 11:55am
Quoting incognito517
{quote} Pat, Im really happy for you. Its quite depressing to only read negative stories about 95% of traders losing money. And the old serpent whispers in my ear well if everyones losing, including those more experienced than you, what makes you think youre going to be profitable long term? So Im glad to hear that youre doing well. I have rules but I am not as disciplined as Id like to be. If I followed my trade plan to the T, I would be doing very little trading and a lot of waiting. I lose patience and then I start making stuff up, creating confluence...
Hi Incognito
what kind of channels/setting on this chart?
  • #136,983
  • Sep 17, 2015 3:58pm Sep 17, 2015 3:58pm
Entering AUD/CHF BEOB. Nice situation, strong pivot zone, price closing below highs (blue rect.). I'm putting a sell order to enter on a retrace. I'm curious how this one will play out
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Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,984
  • Edited 4:33pm Sep 17, 2015 4:08pm | Edited 4:33pm
Quoting incognito517
{quote} Thanks GB. It's basically the same thing, just tweaked a bit to minimize silly losses by taking only the higher probability trades. Yes you're right, this should not be stressful at all, and it won't be any longer. I got this; I know exactly what to do. Best of luck on your trades today, buddy.


Hey Kershey. Looking at your CHF trade, it looks like a good BEOVB, but going short there looks to be right at a BRN and support level. It looks like a spot where you might play it more as a break out? It's not at a swing high either, which can sometimes reduce the probability of a win when going short i reckon.

The E/U has shot up after the news. I think you took the H4 PB long didn't you Kershey? Damn, i was long on that earlier, but closed the trade when it was flapping about indecicively.

Edit: Well spotted Chilli. I reckon it's a goer. Will look to get in too. Good trading all. GB.
'Fail to plan, plan to fail'
  • #136,985
  • Sep 17, 2015 4:42pm Sep 17, 2015 4:42pm
strong close
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  • #136,986
  • Edited Sep 18, 2015 4:01am Sep 17, 2015 4:58pm | Edited Sep 18, 2015 4:01am
Quoting Kershey
strong close {image}
CAD/CHF looks more promising on the daily. All the best with it Kershey.

USD/SGD D1 PB Long. Could've got in a lot earlier but was overnight here. See how these knuckleheads go.

Update: stopped out for a loss.

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'Fail to plan, plan to fail'
  • #136,987
  • Edited 4:53am Sep 18, 2015 4:37am | Edited 4:53am
Quoting Guitarbloke
{quote} CAD/CHF looks more promising on the daily. All the best with it Kershey. USD/SGD D1 PB Long. Could've got in a lot earlier but was overnight here. See how these knuckleheads go. Update: stopped out for a loss. {image}

Hey GB,

after yesterdays outsidebar CAD/CHF is reversing sharply at the moment

regarding the SGD trade Im with you. Not a favorite of mine at all, maybe you saw the CAD/SGD and USD/SGD some weeks/months ago.
Im moving more and more to zamfirs opinion to stop trading exotics. One aspect is the spread, it just makes your broker rich and
imho due to liquidity they move different.

Yes, the EUR/USD was a nice 4H pin with healthy RR. Now its at 1:3 and running but I closed it before FOMC near 1:1.
What I wanted to say earlier is that such a trade you get very rarely at D1.
When you come to this thread as beginner, trading D1 only as said at page 1,
and you have some loosers the chance is high that new people get
kicked out of the game and get frustrated at RR 1:1.

Also this week I had a nice GBP/NZD pin with reaching nearly 1:2 at the same day
My scepticism is headed towards the D1.

To overcome that I made a trade like this EUR/AUD.
D1 outside bar after BRN of 1.5700. Entry at the retracement of the former D1 high.
Another aspect is, it could be also seen as a continuation of the W1 wick play pinbar.
Maybe you can play a long H1 IB breakout over 1.5750 - 1.5800 as entry for the D1 setup ...

Best,
K
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  • #136,988
  • Sep 18, 2015 4:42am Sep 18, 2015 4:42am
Somebody has to be on the other side...

Did anybody played this as wick or is looking for longs ?
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  • #136,989
  • Sep 18, 2015 8:47am Sep 18, 2015 8:47am
Quoting mbqb11
I think a lot of things are looking good again, we are hitting major important areas I'm watching for either a failure at the resistance area again, or a breakout of this area Right above this area remains STRONG resistance that I would look to get out at and then look for shorts too. If we continue lower then watch the rising TL for confirmation that it's being used then watch for PA as well {image}
been super busy guys glad to see everyone in here plugging away I check in daily i promise

Wanted to jump in cause this was one of my last posts and i've been super bearish on the indices but just waiting

Hope you guys caught this, been watching this area like a hawk. I'm in the SP trade but it played similar on minidow of course

It's been a see saw month in my opinion not an easy one to trade. Keep those losses small though is what my goal is always

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edit*just in case these are replicated for the group using fxpro but my futures feed is a lot cleaner on TOS
  • #136,990
  • Sep 18, 2015 11:51am Sep 18, 2015 11:51am
Quoting mbqb11
{quote} edit*just in case these are replicated for the group using fxpro but my futures feed is a lot cleaner on TOS
Mike, FXDD demo feed is very close to TOS. I checked YM and ES.
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1.02^200
  • #136,991
  • Sep 18, 2015 12:49pm Sep 18, 2015 12:49pm
Quoting d5400
{quote} Mike, FXDD demo feed is very close to TOS. I checked YM and ES. {image}
Great D yep that's what my chart looks like on TOS
  • #136,992
  • Sep 18, 2015 3:08pm Sep 18, 2015 3:08pm
Setups for this week - Sep 14 - 18.

Tough week.

Total net pips = 280

Attached File(s)
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  • #136,993
  • Sep 18, 2015 4:25pm Sep 18, 2015 4:25pm
Thanks for the charts Mike. Love the M5 entry!

Thanks for the weekly set ups Z.

Oil has been trading in an almost 300 pip range this month and has been relatively predictable and well behaved. Some great opportunities recently. Have a beaut weekend everyone.

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'Fail to plan, plan to fail'
  • #136,994
  • Sep 18, 2015 5:35pm Sep 18, 2015 5:35pm
Quoting james16
__________________________ UPDATE 11/25/09 - ABOUT THE JAMES16 GROUP PAID SERVICE For those of you that are new to this thread i have finally decided to post something about our group in post #1. For 5 years this thread has been located in the general forum and we have had a policy OF NOT pushing people to join that group. In fact we have been mental about it. You could go weeks reading this thread and not know of the paid service. Thats really not going to change EVEN THOUGH we are now located in a commercial area of the forum WHERE WE CAN IF WE...

thank you for your advices and tips.thank you for sharing your knowledge with us.i appreciate that...
And falling's just another way to fly...
  • #136,995
  • Sep 18, 2015 6:55pm Sep 18, 2015 6:55pm
Quoting zamfir
Setups for this week - Sep 14 - 18. Tough week. Total net pips = 280 {file}
The more I see of your broker charts, the less I like them

Only looked at your first chert so far, comments on the chart, seems this pair is Bullish and you took a sell?

All the best, John
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It takes a lot for me to IGNORE you, but you can try.
  • #136,996
  • Sep 19, 2015 2:45am Sep 19, 2015 2:45am
Quote
The more I see of your broker charts, the less I like them


you don't have to like them.

Quote
Only looked at your first chert so far, comments on the chart, seems this pair is Bullish and you took a sell? All the best, John


Yes, in hindsight its easy to say bullish or bearish. Also you have no idea what the strategy is all about.

I have said this before , take what you want from it. No one is forcing you to trade this way. Its for learning purpose ONLY.

If you don't like my charts or posts , please feel free to unsubscribe and put me on your ignore list.
  • #136,997
  • Sep 19, 2015 7:31am Sep 19, 2015 7:31am
wouldn't it b better to post as you take them ?

Quoting zamfir
{quote} [/b] you don't have to like them. {quote} Yes, in hindsight its easy to say bullish or bearish. Also you have no idea what the strategy is all about. I have said this before , take what you want from it. No one is forcing you to trade this way. Its for learning purpose ONLY. If you don't like my charts or posts , please feel free to unsubscribe and put me on your ignore list.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,998
  • Sep 19, 2015 7:33am Sep 19, 2015 7:33am
Quoting Erebus
{quote} The more I see of your broker charts, the less I like them Only looked at your first chert so far, comments on the chart, seems this pair is Bullish and you took a sell? All the best, John {image}
can you give me this price action indicator please?
  • #136,999
  • Sep 19, 2015 7:58am Sep 19, 2015 7:58am
Quoting Bones
wouldn't it b better to post as you take them ? {quote}
I miss most of them unfortunately due to my timezone and i trade intraday futures mostly.
  • #137,000
  • Sep 19, 2015 7:58am Sep 19, 2015 7:58am
regarding equaties I suspect more side based on ,failure to confirm tl /pivot d1 ,monthly has left chart in limbo ,more than likely for me it would retrace higher medium term ,id be super surprised to see the low again this month with just over 1 week to go
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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