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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

  • #139,381
  • Jul 22, 2016 9:26am Jul 22, 2016 9:26am
Quoting alphac
GBPAUD 2 hr Outside Bar {image}
'

excellent alphac

I saw a bunch play the gbp aud and gbpcad

I played the gbpjpy based on the wedge and 2hr OB. My charts from the PF

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  • #139,382
  • Jul 23, 2016 6:53am Jul 23, 2016 6:53am
hi guys,
what do yuo think about this situation on UJ,
i see that nice beob like an opportunity to take... entering at the break of the IB we can have a good 5:1 RR trade with final target at the last swing low... like the hidden divergence too
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  • #139,383
  • Jul 23, 2016 7:04am Jul 23, 2016 7:04am
Try to go short under 1.31 on GU
After that bear trap on AC and close above RN i want to go long..
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  • #139,384
  • Jul 23, 2016 1:46pm Jul 23, 2016 1:46pm
Look for outside bars at highs and lows, and some confluence. Think about taking retrace entries if there is a logical area, will give you more choices for stop loss placement and easier management, drop a time frame or two to look for PA at the retrace level.

ie: this 4hr outside bar at a double top, logical retrace entry area (blue line). The chart below is the 1hr where a pinbar appears exactly where we'd like it, you now have a great place for the stop loss above the pinbar to kick off with. GBPAUD 19th July.

4hr chart

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1hr chart

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  • #139,385
  • Jul 23, 2016 5:00pm Jul 23, 2016 5:00pm
Quoting alphac
Look for outside bars at highs and lows, and some confluence. Think about taking retrace entries if there is a logical area, will give you more choices for stop loss placement and easier management, drop a time frame or two to look for PA at the retrace level. ie: this 4hr outside bar at a double top, logical retrace entry area (blue line). The chart below is the 1hr where a pinbar appears exactly where we'd like it, you now have a great place for the stop loss above the pinbar to kick off with. GBPAUD 19th July. 4hr chart {image} 1hr chart {image}...
Lovely clean charts,cheers Alphac.
  • #139,386
  • Edited 6:55am Jul 24, 2016 4:30am | Edited 6:55am
Thanks mallee, it doesn't have to be complicated.

Three outside bars with confluence, selling in an uptrend? trends don't matter, PA does.

These happen all the time. If you trade just 4hr and Daily charts on the main 28 pairs that's 196 candles a day, there's 80 on this chart.

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  • #139,388
  • Jul 25, 2016 11:27am Jul 25, 2016 11:27am
anyone watching this squeeze? USD/CHF 4H

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  • #139,389
  • Jul 25, 2016 11:30am Jul 25, 2016 11:30am
Quoting florinellz
anyone watching this squeeze? USD/CHF 4H {image}
Absolutely
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  • #139,390
  • Jul 25, 2016 12:18pm Jul 25, 2016 12:18pm
Been a crazy month for me. Newly engaged, my fiances grandmother passed away a week later. Things are settling down and i'm looking forward to being more active here

I will be writing more blog posts in the coming months. It's easier and more focused for me

Here is a blog post on what I see as practical advice after 15 years in the market. These are topics dear to my heart and that I am passionate about. As always it is not the be all end all but I believe by implementing some of these ideas you can see tangible differences in your trading

https://www.james16group.com/wp/prac...-forex-traders

Hope everyone is well and thanks for those that help out

Mike
  • #139,391
  • Jul 25, 2016 9:59pm Jul 25, 2016 9:59pm
USD/JPY Update for you
Inserted Video


Best Regards,
Petar
"Buy on fear, sell on greed !!!
  • #139,392
  • Jul 26, 2016 2:08am Jul 26, 2016 2:08am
Quoting Joe91
{quote} {quote} thanks guys
Just a BEOB update
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  • #139,393
  • Jul 26, 2016 3:01am Jul 26, 2016 3:01am
Profit target on my USDJPY sell reached for +156 Pips
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  • #139,394
  • Jul 26, 2016 8:24am Jul 26, 2016 8:24am
very nice guys looks like a bunch traded the classic J16 BEOB

beob engulfing Beautiful price pivot zone, retrace to the pivot(think about the article I wrote yesterday and optimizing your entry)

TP logical area gap and previous support

Here were my charts from the PF

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  • #139,395
  • Jul 26, 2016 8:39am Jul 26, 2016 8:39am
Quoting mbqb11
very nice guys looks like a bunch traded the classic J16 BEOB beob engulfing Beautiful price pivot zone, retrace to the pivot(think about the article I wrote yesterday and optimizing your entry) TP logical area gap and previous support Here were my charts from the PF {image} {image}
Hey mbqb11,
I think you should keep winners more than just catching 1:1RRR. Try to let at least 1:3 RRR. Since the USD/JPY is in a downward trend and we got space for more pips, it is better to let winner running . Just my opinion.

Best Regards,
Petarpetar
"Buy on fear, sell on greed !!!
  • #139,396
  • Jul 26, 2016 8:59am Jul 26, 2016 8:59am
Quoting Petar_Serbia
{quote} Hey mbqb11, I think you should keep winners more than just catching 1:1RRR. Try to let at least 1:3 RRR. Since the USD/JPY is in a downward trend and we got space for more pips, it is better to let winner running . Just my opinion. Best Regards, Petarpetar

Hey Peter

I use what is called dynamic R:R. My R:R on this trade was 2.4 : 1

If you cut your losses effectively and logically you can flip R:R in your favor. It's a dynamic concept that I think is misunderstood

So in this case I let my winners run knowing i'll be able to cut my loss.

Keep up the good work

Mike
  • #139,397
  • Jul 26, 2016 9:02am Jul 26, 2016 9:02am
EUR/USD 4H >
There is good Bearish outside bar there. Rejection from 50SMA and price tested Fibo 50%.
Price target is set at 1.0952 (also SL on breakeven level if you wont close there)

Fibonacci targets set at 1.0925 FE 100% and 1.0860 Fibonacci expansion 161.8%
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"Buy on fear, sell on greed !!!
  • #139,398
  • Jul 26, 2016 12:20pm Jul 26, 2016 12:20pm
CAD/JPY - D1 BEOB - breakout of the box. Entry could be higher, just under 81.00

James
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  • #139,399
  • Jul 26, 2016 1:13pm Jul 26, 2016 1:13pm
Quoting mbqb11
very nice guys looks like a bunch traded the classic J16 BEOB beob engulfing Beautiful price pivot zone, retrace to the pivot(think about the article I wrote yesterday and optimizing your entry) TP logical area gap and previous support Here were my charts from the PF {image} {image}
Hello mike,
i have a question to this trade. You wrote, that the PPZ is a "beautiful" PPZ. Therefore i have the question, if you see this PPZ as a perfect single line or a zone. When it is a zone for you, can you draw the upper and lower boundaries of this PPZ in the chart?
thanks in advance
  • #139,400
  • Jul 26, 2016 2:32pm Jul 26, 2016 2:32pm
Quoting mbqb11
{quote} Hey Peter I use what is called dynamic R:R. My R:R on this trade was 2.4 : 1 If you cut your losses effectively and logically you can flip R:R in your favor. It's a dynamic concept that I think is misunderstood So in this case I let my winners run knowing i'll be able to cut my loss. Keep up the good work Mike
Hey mbqb11,
Ok, then it is all fine

keep up the good work

Best Regards,
Petar
"Buy on fear, sell on greed !!!
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