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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

  • #1,101
  • Oct 5, 2006 5:27pm Oct 5, 2006 5:27pm
Hi fxvision,

Thank you for the explanation. Can you post a picture to explain what you mean regarding the 4hr pin, and the trendline to watch.

regards
Quoting fxvision
I think he is referring to yesterdays pin bar. However, it's not placed at an extreme high since monday's bar had a higher high, so it wasn't really a great pin. There was a nice 4 hour pin bar however with entry around 118. But we have a nice trendline now to watch for tomorrow.
  • #1,102
  • Oct 5, 2006 6:11pm Oct 5, 2006 6:11pm
My pins and needles, no strings attached....be careful, price is totally whacky what with the EJ discussion (usually has proportional correlation with USDJPY) and USD strength becoming disputed again....

Just my perspective, I could of course be wrong.

Best wishes,


SeekingLight
Attached Image
Trust price. Know yourself.
  • #1,103
  • Oct 6, 2006 12:20am Oct 6, 2006 12:20am
Quote
Hi fxvision,

Thank you for the explanation. Can you post a picture to explain what you mean regarding the 4hr pin, and the trendline to watch.

regards

http://www.northseaforexgroup.com/mt...usd-jpy_18.png
Always wait for the opportune moment… just be careful not to miss it.
  • #1,104
  • Oct 6, 2006 8:16am Oct 6, 2006 8:16am
Quoting 4X=0
I hope you don't mind me repying to this. Somewhere in this thread is a chart that illustrates that [james] does take trades considering only support/resistence w/o any specific price action, but what [james] would likely say is that having price action confirmation is always best.

In my opinion, after [you] have been trading price action for a significant amount of time, successfully, perhaps then taking trades without price action indication would be something to consider. Before that point however, I think, and this applies to everyone, that without price action, and without years of experience, taking these trades would not be a great idea.
Thanks. Sounds good.

Jason
  • #1,105
  • Oct 6, 2006 3:37pm Oct 6, 2006 3:37pm
Haha, good attempt though! Is there even a precise definition of pin bars in this thread?
  • #1,106
  • Oct 7, 2006 1:38am Oct 7, 2006 1:38am
hey james.. nice thread goin there... i just want to know.. do u happen to know of any indicators which would automatically tell of same low higher closing bars and vice versa?? and of pinocchio bars as well.. thatd help me a lot thanx
BECAUSE I CAN !
  • #1,107
  • Oct 7, 2006 5:48am Oct 7, 2006 5:48am
Quoting twinchell
Haha, good attempt though! Is there even a precise definition of pin bars in this thread?

here you go

Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 4,249 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 3,813 downloads
  • #1,108
  • Oct 8, 2006 7:40am Oct 8, 2006 7:40am
Quoting TheRumpledOne
My first attempt at coding pinbars:
Don't laugh.
When I get a better definition of pinbars, then I can code better.
The last one is incorrect. The body has to be within the high/low of the previous bar. There's quite a few that you missed though.
Keeping it Simple
  • #1,109
  • Oct 10, 2006 6:33pm Oct 10, 2006 6:33pm
Hi, here is a little indicator marking the pin and i4b bars on all timeframes above 30M. Enjoy!
Attached File(s)
File Type: mq4 PinI4Bbar AHA 0.1.mq4   9 KB | 3,208 downloads
Target: Trading naked.
  • #1,110
  • Oct 10, 2006 8:19pm Oct 10, 2006 8:19pm
Quoting aha
Hi, here is a little indicator marking the pin and i4b bars on all timeframes above 30M. Enjoy!
Hi Aha
I have just started reading this thread. Thanks for the indicator.

I know what a pin bar is, but what is "i4b"?

Appreciate your help. Thanks
  • #1,111
  • Oct 10, 2006 8:23pm Oct 10, 2006 8:23pm
Quoting ART_1_
here you go

Hi Art1
Thanks for your concise summary of pin bars.

But, I'm a lil confused about how you actually play it?

After the pin is formed, don't you have to wait for the "right eye"
to complete forming before entering? i.e. isn't this a 3 bar pattern?

Appreciate your help. Thanks.
  • #1,112
  • Oct 10, 2006 8:46pm Oct 10, 2006 8:46pm
BTW, if you find anything wrong with this indicator, please post your feedbacks in EA factory thread. I will debug it when I get the time. Thank you.



Quoting aha
Hi, here is a little indicator marking the pin and i4b bars on all timeframes above 30M. Enjoy!
Target: Trading naked.
  • #1,113
  • Oct 10, 2006 8:49pm Oct 10, 2006 8:49pm
[Answer deleted]

Sorry, I probably shouldn't answer here, it belongs to PF.

Quoting fjfx
Hi Aha
I have just started reading this thread. Thanks for the indicator.

I know what a pin bar is, but what is "i4b"?

Appreciate your help. Thanks
Target: Trading naked.
  • #1,114
  • Oct 10, 2006 9:14pm Oct 10, 2006 9:14pm
Won't we find out what it is if we install the indicator?

Quoting aha
[Answer deleted]

Sorry, I probably shouldn't answer here, it belongs to PF.
  • #1,115
  • Oct 10, 2006 9:52pm Oct 10, 2006 9:52pm
Here's free info on I4Bs:
http://www.trading-naked.com/insidebarNR4x.htm
  • #1,116
  • Edited 10:13pm Oct 10, 2006 9:59pm | Edited 10:13pm
Oh nice!

Quoting eastmaels
Here's free info on I4Bs:
http://www.trading-naked.com/insidebarNR4x.htm
  • #1,117
  • Oct 10, 2006 10:46pm Oct 10, 2006 10:46pm
Quoting eastmaels
Here's free info on I4Bs:
http://www.trading-naked.com/insidebarNR4x.htm
Cool! Thanks for sharing!
  • #1,118
  • Oct 11, 2006 4:34am Oct 11, 2006 4:34am
Hey there,

I noticed this potential pin bar on EUR/CAD H4 chart. Great thread, keep up the good work guys.

All the best

A
Attached Image
  • #1,119
  • Oct 11, 2006 5:12am Oct 11, 2006 5:12am
Quoting AlexFX
Hey there,

I noticed this potential pin bar on EUR/CAD H4 chart. Great thread, keep up the good work guys.

All the best

A
Alex, the bar is not complete yet and it can't be considered as a PINBAR yet.

Ken
  • #1,120
  • Oct 11, 2006 5:17am Oct 11, 2006 5:17am
Quoting goodtiding5
Alex, the bar is not complete yet and it can't be considered as a PINBAR yet.

Ken
Hey cheers Ken,

Yes I'm looking over 14 pairs, H1, H4, D1,W1 and will post only when the bar is complete. Market is fairly quiet so I'm keeping myself sharp.

Enjoy

A
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