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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

  • #140,901
  • Aug 30, 2017 4:10pm Aug 30, 2017 4:10pm
Quoting mallee
Don't normally trade the Swissy,they used to be notorious for meddling.{image}
When I take a trade I watch it on a lower time frame,the trouble areas are easy to spot,closed this.
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  • #140,902
  • Aug 30, 2017 4:39pm Aug 30, 2017 4:39pm
Quoting davpot
yes but H4 is in with 1H and have more weight than 30 min
Dav,a wonderful technical analyst gave you a masterclass.For free.
  • #140,903
  • Aug 30, 2017 4:59pm Aug 30, 2017 4:59pm
I already in a price action course but still learning and beginner

what do you recommand me ?

You 're agree with me tha higher timeframe have more weight ?
  • #140,904
  • Aug 30, 2017 5:50pm Aug 30, 2017 5:50pm
Two day PB.Time to short the Euro?
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  • #140,905
  • Aug 30, 2017 5:55pm Aug 30, 2017 5:55pm
Quoting davpot
yes but H4 is in with 1H and have more weight than 30 min
Yes and no. Two bars overlapping on a 4 hour chart can be a major S & R zone when you look at a 5 minute chart, it can be where price turns for hundreds of pips or price can sail through. Obviously if you consider every possible flip zone on every time frame you'll end up freezing and become paranoid, it comes down to common sense and other factors on the charts, lots of time looking at charts and gaining experience is the only way to learn.

Jim's video series on 'where is price going' is very helpful and will make things clear. To me it's one of the most important set of videos you should watch but also one of the most misunderstood. The videos are free, think they're on YouTube, if not the free section of the J16 website.
  • #140,906
  • Aug 30, 2017 6:07pm Aug 30, 2017 6:07pm
Quoting mallee
Two day PB.Time to short the Euro? {image}
Not at my charts, but yesterday's pin bar looked different on mine. Also look at the weekly and monthly, a lot going on there, price flip, filled gap and 1.200 rejection, lots of confluence, a nice area. Wish more people would post charts.
  • #140,907
  • Aug 30, 2017 6:10pm Aug 30, 2017 6:10pm
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  • #140,908
  • Aug 30, 2017 7:17pm Aug 30, 2017 7:17pm
Quoting alphac
{quote} Not at my charts, but yesterday's pin bar looked different on mine. Also look at the weekly and monthly, a lot going on there, price flip, filled gap and 1.200 rejection, lots of confluence, a nice area. Wish more people would post charts.
That was EURSGD,I see a2d pin on the EU as well.More charts would be great,lot of lurkers but few contributors.
  • #140,909
  • Aug 30, 2017 9:28pm Aug 30, 2017 9:28pm
[quote=davpot;10243695]I already in a price action course but still learning and beginner what do you recommand me ? You 're agree with me tha higher timeframe have more weight ?[/qu

100% higher time frames have more weight! Look at the trade USD CHF I took yesterday based on the daily pin. In addition it came off a BRN. Taken some profit and moved SL up. Good sized pin, bullish close.
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  • #140,910
  • Aug 31, 2017 1:31am Aug 31, 2017 1:31am
Just a question from a newbie to price action:
What TF do you guys use for your PPZ? I want to be sure I'm getting this part of the whole equation down firmly. Thanks!
  • #140,911
  • Aug 31, 2017 3:06am Aug 31, 2017 3:06am
Quoting mallee
{quote} That was EURSGD,I see a2d pin on the EU as well.More charts would be great,lot of lurkers but few contributors.
My mistake, I was on my ipad and my eyesight is awful at the best of times.

Yes I would prefer to trade the same setup on a Daily over a 15 minute chart. The original point, which I probably made badly, is that looking at lower time frames is useful to see the flow of price once in a trade, after all, all the charts are showing the same thing, how many times have you seen a 4 hour trade suddenly turn on you inexplicably? the answer is usually in lower time frames. The more information you have, the easier it is to build confidence.

If you ride a bicycle just staring at the skyline you're not going to see that pothole!
  • #140,912
  • Aug 31, 2017 4:30am Aug 31, 2017 4:30am
Quoting alphac
{quote} Not at my charts, but yesterday's pin bar looked different on mine. Also look at the weekly and monthly, a lot going on there, price flip, filled gap and 1.200 rejection, lots of confluence, a nice area. Wish more people would post charts.

Here is mine
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  • #140,913
  • Aug 31, 2017 5:17am Aug 31, 2017 5:17am
Any thrill seekers out there?GBP is feral atm.
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  • #140,914
  • Aug 31, 2017 5:27am Aug 31, 2017 5:27am
Quoting alphac
{quote} My mistake, I was on my ipad and my eyesight is awful at the best of times. Yes I would prefer to trade the same setup on a Daily over a 15 minute chart. The original point, which I probably made badly, is that looking at lower time frames is useful to see the flow of price once in a trade, after all, all the charts are showing the same thing, how many times have you seen a 4 hour trade suddenly turn on you inexplicably? the answer is usually in lower time frames. The more information you have, the easier it is to build confidence. If you...
The charts were very similar.lol paid $700 for new specs today.Re timeframes I think you are replying to another poster.I've made the point several times that I monitor my trades on a lower TF.Potholes indeed.
  • #140,915
  • Aug 31, 2017 5:41am Aug 31, 2017 5:41am
Quoting mallee
{quote} The charts were very similar.lol paid $700 for new specs today.Re timeframes I think you are replying to another poster.I've made the point several times that I monitor my trades on a lower TF.Potholes indeed.
Just to illustrate my point,as Alphac said "potholes"
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  • #140,916
  • Aug 31, 2017 5:51am Aug 31, 2017 5:51am
what is potholes please ?

why you don t take the bearish pinbar ? maybe you will not pas the S/R 1.61 ?
  • #140,917
  • Aug 31, 2017 6:29am Aug 31, 2017 6:29am
Quoting AllForForex
Just a question from a newbie to price action: What TF do you guys use for your PPZ? I want to be sure I'm getting this part of the whole equation down firmly. Thanks!
PPZ,S/R,Flip Zones, call it what you will,start with the mthly and work your way down.May I suggest you start from page one of this thread.
  • #140,918
  • Aug 31, 2017 6:47am Aug 31, 2017 6:47am
Quoting davpot
what is potholes please ? why you don t take the bearish pinbar ? maybe you will not pas the S/R 1.61 ?
Dav,I took that trade based on a 2 day PB,a pothole in this case is S/R, that you might find on a lower TF.Hope that makes sense.
  • #140,919
  • Aug 31, 2017 7:24am Aug 31, 2017 7:24am
Quoting mallee
{quote} Dav,I took that trade based on a 2 day PB,a pothole in this case is S/R, that you might find on a lower TF.Hope that makes sense.
Thx
So in this way there s many many possible trade ?
Why this one ?
  • #140,920
  • Aug 31, 2017 8:28am Aug 31, 2017 8:28am
Quoting AllForForex
Just a question from a newbie to price action: What TF do you guys use for your PPZ? I want to be sure I'm getting this part of the whole equation down firmly. Thanks!
To repeat mallee, start with just Monthly, Weekly and Daily, I usually mark ones that are close to current price otherwise you'll end up with lines everywhere, keep your charts as clean as possible.
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