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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

  • #3,841
  • May 31, 2007 9:35am May 31, 2007 9:35am
This question is for anyone following the James16 group.

Could this be a Pinbar setup in the EUR/USD Daily Chart.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Daily.jpg Size: 40 KB
  • #3,842
  • May 31, 2007 10:44am May 31, 2007 10:44am
Quoting akhan
This question is for anyone following the James16 group.

Could this be a Pinbar setup in the EUR/USD Daily Chart.

Thanks.
Although I'm no expert and I'm actually short on this setup right now, it's not a very good trade IMO since the pinbar is in traffic and not at a swing hi/low. By the way, I assume the third bar from the right in your chart, with the nose up. Any surrounding bars are not really pinbars.
  • #3,843
  • Edited 11:33am May 31, 2007 11:31am | Edited 11:33am
Although the Daily trend seem to be DOWN, the Weekly Longterm trend is UP.
In the attached image notice what happend in January 2007, how the Histogram on MACD was showing a Bullish Divergence to price and price has been going up till April 2007.

Do you think there any chances of this happening again. OR is it too early to determine an upward or downward direction until it breaks through the 1.342oish level!!????

Please share your thoughts...Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Daily-2.jpg Size: 101 KB
  • #3,844
  • May 31, 2007 1:17pm May 31, 2007 1:17pm
[quote=razldazl;1454805]Hey sid,
As with any indicator on mt4 you save it to your mt4 indicator file- do this with your mt4 platform shut down, then open up, look on your navigator and when you see it on the list, drag it to the chart you want to put it on. Simple as pie



Thnx for quick response. Need to emphasize that I'm at 1st grade level re comp. use. To me it isn't "simple as pie".
It's not clear--what do I do before I shut down & re-open the MT4 platform that has it show up on the navigator? (baby steps, pls).
Thnx, Sid

]
  • #3,845
  • May 31, 2007 1:57pm May 31, 2007 1:57pm
Quoting yendis70
Thnx for quick response. Need to emphasize that I'm at 1st grade level re comp. use. To me it isn't "simple as pie".
It's not clear--what do I do before I shut down & re-open the MT4 platform that has it show up on the navigator? (baby steps, pls).
Thnx, Sid
yendis, this thread is called "james16 Chart Thread" -- how about asking in the correct forum? Go to forums, and there you'll find an entire forum dedicated to MetaTrader. Use the search button. How about google? I just typed this in google:

metatrader attach indicator chart

And the first post should give you what you need. Good luck!
  • #3,846
  • May 31, 2007 2:00pm May 31, 2007 2:00pm
trade i took today, simple breakout of this top resistance, pretty straight forward

be careful tomm folks and have a good weekend
Attached Image
  • #3,847
  • May 31, 2007 3:42pm May 31, 2007 3:42pm
Dow - 1 hr

Pin bar off support.

This one went a long way.
Attached Image (click to enlarge)
Click to Enlarge Name: dow.jpg Size: 51 KB
  • #3,848
  • Jun 1, 2007 2:32am Jun 1, 2007 2:32am
Quoting akhan
Although the Daily trend seem to be DOWN, the Weekly Longterm trend is UP.
In the attached image notice what happend in January 2007, how the Histogram on MACD was showing a Bullish Divergence to price and price has been going up till April 2007.

Do you think there any chances of this happening again. OR is it too early to determine an upward or downward direction until it breaks through the 1.342oish level!!????

Please share your thoughts...Thanks!
Hi Akhan,
nice analysis on eur, I have been following this pair (see earlier posts) and I agree with your comments about bullish divergence. Today will obviously be tell tale, with nfp coming out. I have been targeting just under 1.34.00 ish as a short target before the pull back up, as that is where my 100 FE comes in (high 01/05 low 11/05 high 16/05)and also there is some strong fib confluence just below around 3375. So,I will be looking for some pa confirmation around that area for any signal to get in long and ride it up. Im just a beginner pa-er though Akhan, so take my ideas with a grain of salt...happy pipping everyone, Raz
Never say never.
  • #3,849
  • Jun 1, 2007 5:43am Jun 1, 2007 5:43am
EUR/JPY 4H - nice PB on psychological level/resistance level, and also on 76,4 fibonacci retracement
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY - 4H 1.06.2007.jpg Size: 75 KB
  • #3,850
  • Jun 1, 2007 5:49am Jun 1, 2007 5:49am
AUD/USD 4H - another one PB
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-4H 1.06.2007.jpg Size: 71 KB
  • #3,851
  • Jun 1, 2007 5:53am Jun 1, 2007 5:53am
Quoting vasyuta
AUD/USD 4H - another one PB

Keep in mind both are < 25 pips total each. More troubling on EJ than AUD, but considering what AUD did...well....

Also I heard there's this thing.....Non profitable trading day or something...coming up in an hour or two.
Trust price. Know yourself.
  • #3,852
  • Jun 1, 2007 6:09am Jun 1, 2007 6:09am
Quoting SeekingLight
Keep in mind both are < 25 pips total each. More troubling on EJ than AUD, but considering what AUD did...well....

Also I heard there's this thing.....Non profitable trading day or something...coming up in an hour or two.
SeekingLight,

If the pin bars are less than 25 pips, are they considered invalid?
  • #3,853
  • Jun 1, 2007 6:38am Jun 1, 2007 6:38am
Quoting Kaysole
SeekingLight,

If the pin bars are less than 25 pips, are they considered invalid?

Nah, I'm just saying, the bars are small. If EJ moves 90-150 pips on a good day, I personally just find it tricky if the pins are < 30 pips.

I mean, anything goes, it's just that most "good" pins I see on EJ are 40-70 pips for the 4h.

This is not any sort of guideline or anything. I'm just saying, small pins in a drifting market are tricky.

As for AUDUSD, that's just been on a scary rampage
Trust price. Know yourself.
  • #3,854
  • Jun 1, 2007 7:54am Jun 1, 2007 7:54am
Quoting SeekingLight
Nah, I'm just saying, the bars are small. If EJ moves 90-150 pips on a good day, I personally just find it tricky if the pins are < 30 pips.

I mean, anything goes, it's just that most "good" pins I see on EJ are 40-70 pips for the 4h.

This is not any sort of guideline or anything. I'm just saying, small pins in a drifting market are tricky.

As for AUDUSD, that's just been on a scary rampage
We should dub that as a new PA term...
Never say never.
  • #3,855
  • Jun 1, 2007 8:48am Jun 1, 2007 8:48am
Hehehe, prolly.

Both of the discussed PBs failed/got spiked to death in NFP.

Q.E.D.

Make NFP the one no-trading day every month and I'm pretty sure it's gonna help almost any bottom line
Trust price. Know yourself.
  • #3,856
  • Jun 1, 2007 11:08am Jun 1, 2007 11:08am
I agree seekinglight....I increase my stops during NFP release. boy, I almots got burned today but got saved by like 2 pips. what do you guys think about the pin bar forming on EURAUD...it is at a swing low...agree its kind of against the trend.
Attached Image
Contact me for Custom Indicators/EAs.
  • #3,857
  • Jun 1, 2007 12:45pm Jun 1, 2007 12:45pm
EUR/CHF might have topped out last week. Any opinions re these strong reversals (eventually completed Pin Bar set ups?) in weekly and monthly timeframes? Last week's Daily PB was confirmed and yielded nice return.

Would the fact that the spike occurred basically in only one day make the weekly set up less meaningful ?

Thanks for any views
  • #3,858
  • Jun 1, 2007 1:39pm Jun 1, 2007 1:39pm
here you go



Thnx so much Art for the 2 attachments. As one struggling to comprehend it all; this was a blessing. Wish it had been on the 1st few pgs. It was on pg 74, I believe.

Sid
  • #3,859
  • Jun 1, 2007 1:55pm Jun 1, 2007 1:55pm
Quoting razldazl
Hi Akhan,
nice analysis on eur, I have been following this pair (see earlier posts) and I agree with your comments about bullish divergence. Today will obviously be tell tale, with nfp coming out. I have been targeting just under 1.34.00 ish as a short target before the pull back up, as that is where my 100 FE comes in (high 01/05 low 11/05 high 16/05)and also there is some strong fib confluence just below around 3375. So,I will be looking for some pa confirmation around that area for any signal to get in long and ride it up. Im just a beginner pa-er though Akhan, so take my ideas with a grain of salt...happy pipping everyone, Raz
Check out the bounce of the FE100 today ! have a great w/e everyone, Raz
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 56 KB
Never say never.
  • #3,860
  • Jun 1, 2007 2:33pm Jun 1, 2007 2:33pm
Quoting razldazl
Check out the bounce of the FE100 today ! have a great w/e everyone, Raz
I know, I love price projections =)

Together with the gist of an elliot wave isolation approach they can be real fun

If this is indeed the end of a simple normal ABC correction then look out weeks to come...

And if not, then eeeeeek
Trust price. Know yourself.
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