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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

  • #141,861
  • Edited May 8, 2018 7:24am May 7, 2018 2:32pm | Edited May 8, 2018 7:24am
Redmond first trouble area is where price might have difficulties to pass.
if i take a trade from weekly timeframe i would put the stop loss at the bottom or the top of the PA bar( pinbar, BOUB, BEOB inside bar)


GBP/JPY D1

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  • #141,862
  • May 7, 2018 5:24pm May 7, 2018 5:24pm
GBPUSD D1 – Double Top initiated declines which reached the trend line extending from June 2017 minimum .Yesterdays candle is in range of Fridays...an Inside Bar formation - breakout to the north is limited with the (white) resistance zone which was a support in March ( 1.03 - a dynamic reflection). Remember -10.05 BoE rates decision...
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It's tough to make predictions, especially about the future...
  • #141,863
  • May 7, 2018 6:29pm May 7, 2018 6:29pm
GU 2D PB
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  • #141,864
  • May 7, 2018 7:00pm May 7, 2018 7:00pm
GBPUSD long - inside bar on the D1
The PA is occuring at the 200EMA, at a previous trendline, and at the .382 fib level
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  • #141,865
  • May 8, 2018 6:54am May 8, 2018 6:54am
Quoting redmond007
GBPUSD long - inside bar on the D1 The PA is occuring at the 200EMA, at a previous trendline, and at the .382 fib level {image}

Ugh this trade was a bust. Any comment on my analysis? Maybe that was not a valid inside bar. Price basically just went down instead of bouncing from the trendline.
  • #141,866
  • May 8, 2018 7:23am May 8, 2018 7:23am
Redmond that was an inside bar. Inside bars are the tricky bar you should first learn to trade pinbar and BOUB and BEOB
The GBP/USD failed because you don't have any confluence and the PPZ( blue area from my chart) is just above

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  • #141,867
  • May 8, 2018 7:31am May 8, 2018 7:31am
Quoting florinellz
Redmond that was an inside bar. Inside bars are the tricky bar you should first learn to trade pinbar and BOUB and BEOB The GBP/USD failed because you don't have any confluence and the PPZ( blue area from my chart) is just above {image}
So by ppz you mean a significant level - like prior support resistance? can ppz also be moving average, pivot, trendline, etc? I thought that I had taken that trade on the trendline/pivot/fib level. So -I should have waited til the price was above ppz as confirmation before taking the trade?

Can you pls explain what you mean by 'you dont have any confluence'?
  • #141,868
  • May 8, 2018 7:42am May 8, 2018 7:42am
Redmond PPZ is a flip of S+R. we want to trade a PA bar( BOUB, BEOB, pinbar) at those area(PPZ- price pivot zone). watch this video:
Inserted Video


Confluence means that you have a PPZ and/ or a fibo retrecement and/or RN( round number) and/ or moving average.

Read the first post. Is all there.
  • #141,869
  • May 8, 2018 8:38am May 8, 2018 8:38am
I think the best way to trade IB is when the first bar is in the direction of the trade you want to take.
  • #141,870
  • May 8, 2018 9:38am May 8, 2018 9:38am
NZD/JPY D1 i'm watchinf for PA at 76 area

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Sirovai IMO is the best to avoid trading inside bar
  • #141,871
  • May 8, 2018 9:46am May 8, 2018 9:46am
Quoting sirovai
I think the best way to trade IB is when the first bar is in the direction of the trade you want to take.
Thank you guys for your help.

im really trying to stick to the strategy, be consistent, and be thorough.

i believe this pa system makes sense. I’m finding the biggest problem I’ve been having implementing various strategies is - while the system is actually very simple, a lot of it is sort of subjective. Support resistance lines, fib levels, whether that’s a valid pinbar or area of confluence. I guess that takes some experience and trust in yourself.
  • #141,872
  • May 8, 2018 11:51am May 8, 2018 11:51am
Quoting richadi36
{quote} IMO Florinellz uptrend swinging has not finished... {image}
previous pic https://www.forexfactory.com/attachm...7&d=1525500062
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profitable trading does not mean trading everyday
  • #141,873
  • May 8, 2018 4:37pm May 8, 2018 4:37pm
USDSGD
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  • #141,874
  • May 9, 2018 3:58am May 9, 2018 3:58am
USDTRY H4 looks interesting, can't upload pic for some reason.
  • #141,875
  • May 9, 2018 4:13am May 9, 2018 4:13am
Ozzie are you referring to this BEOB?( Fx Pro feed)

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  • #141,876
  • May 9, 2018 4:23am May 9, 2018 4:23am
yep thats the one
  • #141,877
  • May 9, 2018 4:25am May 9, 2018 4:25am
if the 1.290 doesn't hold ill close out, if the TL goes it has a nice shot at a move lower, nice low risk imo
  • #141,878
  • May 9, 2018 4:26am May 9, 2018 4:26am
meant 4.29 level to hold
  • #141,879
  • May 9, 2018 4:44am May 9, 2018 4:44am
GA
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  • #141,880
  • May 9, 2018 5:14am May 9, 2018 5:14am
Stuck in no mans land with this one.EURSGD
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