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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

  • #137,521
  • Nov 9, 2015 1:41pm Nov 9, 2015 1:41pm
Quoting Erebus
{quote} As a Counter Trend move, sure go for it if you have the Risk / Reward that you need. Not all brokers had a green close For me, the impulsive down move has slowed, this may be a corrective move, it depends on what it want to do if / when it's back up at 1.54 {image}
Yeah well, I was looking for some confirming action at the 1.5200 or 1.5100 area in the 4H & 1H timeframe,
but nothing convincing occured. No way for me to buy a break of the pin here, to much risk.
Maybe its a better idea to wait and sell it at the 1.5400 area.
  • #137,522
  • Nov 9, 2015 1:49pm Nov 9, 2015 1:49pm
Quoting Guitarbloke
{quote} GBP/JPY D1 PB. Looking for a clear run to target. Damn late entry. Hey Bill, your charts display your acct # too. Not sure if that bothers you. {image}
Hey GB, nice to see you in profit,
but even its a trend, I would not have the balls to buy this after
that dropping daily candle from resistance...
  • #137,523
  • Nov 9, 2015 3:10pm Nov 9, 2015 3:10pm
Quoting Guitarbloke
{quote} FXDD for the charts you see here. They aren't too flash. GBP/JPY D1 PB. Looking for a clear run to target. Damn late entry. Hey Bill, your charts display your acct # too. Not sure if that bothers you. {image}
GB,
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  • #137,524
  • Nov 9, 2015 5:38pm Nov 9, 2015 5:38pm
Hay Guys what do you think about this pin.
The trend in weekly is down, the support has been broken.
Any thoughts?
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Enter Signature
  • #137,525
  • Nov 9, 2015 9:57pm Nov 9, 2015 9:57pm
Quoting Katfx
Hay Guys what do you think about this pin. The trend in weekly is down, the support has been broken. Any thoughts? {image}
I think it's dangerous, but you can try.
  • #137,526
  • Nov 10, 2015 1:40am Nov 10, 2015 1:40am
Quoting Katfx
Hay Guys what do you think about this pin. The trend in weekly is down, the support has been broken. Any thoughts? {image}
Morning Katfx, for me this pin has a couple of issues that would make me wary of trading it. The first is the move preceding it, for me there is not enough of a bullish move (2 or 3+ candles) to give the trade enough space to move down into and the momentum it will need. Also the pin closed bullish which is not always a problem but in this instance due to the compact nature of the candles right below the pin I wouldn't trade this one personally.
  • #137,527
  • Nov 10, 2015 2:58am Nov 10, 2015 2:58am
Quoting Guitarbloke
{quote} FXDD for the charts you see here. They aren't too flash. GBP/JPY D1 PB. Looking for a clear run to target. Damn late entry. Hey Bill, your charts display your acct # too. Not sure if that bothers you. {image}
I was in the same trade like you, GB, but exited at BE since i didnt like the development (very slow)
Market can stay irrational longer than you can stay solvent.
  • #137,528
  • Nov 10, 2015 8:04am Nov 10, 2015 8:04am
EURUSD. BEOB in short term breakout and retrace. TP1 taken near previous bottoms.
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  • #137,529
  • Nov 10, 2015 11:25am Nov 10, 2015 11:25am
I am in.
Thank you for yours comments.

I will watch it close.
Enter Signature
  • #137,530
  • Nov 10, 2015 2:22pm Nov 10, 2015 2:22pm
It's nice when things work out exactly as you had planned. Woke this morning to find my TP had been hit.
Only a 550 point/55 pip gain but when you are learning that is quite a bit.

Now if price bounces off the TL, possibly an IB BUY trade in a few days....
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  • #137,531
  • Nov 10, 2015 2:42pm Nov 10, 2015 2:42pm
S&P at important level.
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  • #137,532
  • Nov 10, 2015 4:04pm Nov 10, 2015 4:04pm
UJ:

A couple possible trades.
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  • #137,533
  • Nov 11, 2015 12:06am Nov 11, 2015 12:06am
Too risky trade on GBPUSD. I entered on break of horiz TL however I was like in a range and price could as well bounce back from the top. Too early.
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  • #137,534
  • Edited 7:07am Nov 11, 2015 5:02am | Edited 7:07am
Quoting FXBat
{quote} I was in the same trade like you, GB, but exited at BE since i didnt like the development (very slow)
Probably good trade management FXbat. GBP/JPY is flapping around a bit. I'm currently up 60 pips, and will move to BE or lock in small profit soon.

Looks like you made a few pips Vanilla sky?

NB. Euro: ECB fella Mario Draghi will be speaking in 2 hrs 10 mins time so potential volatility soon? Stops in place!

EUR/USD H4 BEOVB. Missed getting an earlier entry on retrace. Seeing if I can rip out a few pips here. ECB gov speaking in 10 mins, so see what happens. BE now.

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'Fail to plan, plan to fail'
  • #137,535
  • Nov 11, 2015 7:13am Nov 11, 2015 7:13am
Quoting Guitarbloke
{quote}
Looks like you made a few pips Vanilla sky? .
Thanks G
  • #137,536
  • Edited 3:29am Nov 12, 2015 2:49am | Edited 3:29am
EUR/USD H4 IB moving down nicely.

Edit: Locked in a few quick pips then out as price reversed bouncing off 1.07000. Not sure it'll go lower at this stage so happy to be out for now.

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'Fail to plan, plan to fail'
  • #137,537
  • Nov 12, 2015 2:06pm Nov 12, 2015 2:06pm
Eur Aud looking quite interesting on the daily, pinbar shaping up off a VBRN of 1.5000 and back into the long term uptrend. Will watch how this progresses although as of now the pin is the wrong colour and the immediate space for it to move into is limited.
  • #137,538
  • Nov 12, 2015 3:09pm Nov 12, 2015 3:09pm
Quoting Guitarbloke
{quote} FXDD for the charts you see here. They aren't too flash. GBP/JPY D1 PB. Looking for a clear run to target. Damn late entry. Hey Bill, your charts display your acct # too. Not sure if that bothers you. {image}
what emas do you use sir?
  • #137,539
  • Nov 12, 2015 3:29pm Nov 12, 2015 3:29pm
Quoting Bladerunn3r
Eur Aud looking quite interesting on the daily, pinbar shaping up off a VBRN of 1.5000 and back into the long term uptrend. Will watch how this progresses although as of now the pin is the wrong colour and the immediate space for it to move into is limited.
Hey Blade. Yes, one to watch. Although amongst a fair bit of congestion now, and traffic above. Maybe an intraday trade long from around 1.50000 if it retraces back, but a bit tricky for me at present.

OIL H1 BEOVB. I'm not a fan of continuation trades, as trading from a swing high/low is better odds I think, but price here has closed below 44.00 and now closed below 43.00 and below the previous low. Looks to be some room to fall, so giving this a crack. Bearish on D1 and in downtrend. Would've taken earlier entry but missed it. Target 39.50 zone.

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'Fail to plan, plan to fail'
  • #137,540
  • Nov 12, 2015 3:44pm Nov 12, 2015 3:44pm
Hey guys It's been a long time since I posted here but since then my trading improved a lot, and I'm back here to tell anyone I am currently developing an EA based on supply/demand and patterns interaction.

If you are interested, I just opened a thread with the basic concept of the strategy I already found profitable in my live trading and in an early un-optimized version of the EA. The link to the thread is: http://www.forexfactory.com/showthre...73#post8588473

We are looking for people capable of coding the strategy so that we can start the test phase, but It would be awesome to receive some advices from other price action experienced traders as well.

Happy trading to all.
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