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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

  • #5,241
  • Aug 6, 2007 11:38pm Aug 6, 2007 11:38pm
Quoting yendis70
Thnx for the indicator. It sure helps w/ the learning process for newbies, like me.

How would I remove any of the price patterns that I don't want to appear on the charts?

Thnx, Sid
When you add the indicator to the charts, you will see options for this if you look, along with choice of color, etc.
  • #5,242
  • Aug 6, 2007 11:40pm Aug 6, 2007 11:40pm
Quoting Tiki Trader
I have been using the star indicator for a while... it is OK, but not perfect... and as far as the market structure MSL, MSH... it only alerts AFTER the candle has finished, and often times price is already reversing by then... so i don't se much use for that part of the indicator....

Overall though it does help to point out price action patters intead of having to search for them so much...
Tiki, hopefully you wouldn't expect perfection, and certainly not from a mechanical version of a non-mechanical system! :-)

Also, I think the whole point of a MSH/MSL, and any patterns like we look for for that matter, are that we DO wait for the bar close. If you don't wait for the bar close, then in essence you're doing nothing more than looking at a lower TF. Looking at a 4HR bar every hour is pointless. Better to look at 1HR bars on the hour instead.
  • #5,243
  • Aug 7, 2007 3:12am Aug 7, 2007 3:12am
Hi Mike,
Thanks for your post 5228 clarifying pinbar formation Fri - Mon, ie ignore Sunday bars.
Always find your posts most informative....thanks again.
Bren
  • #5,244
  • Aug 7, 2007 6:36am Aug 7, 2007 6:36am
Weekly BEOB may have finished retracing. Last week made an IB. They will pretty much end up breaking in tandem if they do.

Keep in mind this is against the main trend.
Attached Image
Trust price. Know yourself.
  • #5,245
  • Aug 7, 2007 6:39am Aug 7, 2007 6:39am
Daily. Most perfect retrace to prior engulfed bar's low one could wish for.

Perfect. I wish every trade, market and chart would behave like this.
Attached Image
Trust price. Know yourself.
  • #5,246
  • Aug 7, 2007 6:42am Aug 7, 2007 6:42am
Quoting SeekingLight
Daily. Most perfect retrace to prior engulfed bar's low one could wish for.

Perfect. I wish every trade, market and chart would behave like this.
Zoom to show what I mean
Attached Image
Trust price. Know yourself.
  • #5,247
  • Aug 7, 2007 7:43am Aug 7, 2007 7:43am
Quoting SeekingLight
Zoom to show what I mean
good stuff!
Never say never.
  • #5,248
  • Aug 7, 2007 8:19am Aug 7, 2007 8:19am
Quoting razldazl
good stuff!

Thanks!

Still short from 2.0432 (I'm just so happy about that trade I had to share)

Looking for 2.0180, 1.9990 and trendline willing, lower.

I just hope I got the patience for it ;p


And that Ben keeps them Hawks a'flyin'..
Trust price. Know yourself.
  • #5,249
  • Aug 7, 2007 9:12am Aug 7, 2007 9:12am
Quoting SeekingLight
Thanks!

Still short from 2.0432 (I'm just so happy about that trade I had to share)

Looking for 2.0180, 1.9990 and trendline willing, lower.

I just hope I got the patience for it ;p


And that Ben keeps them Hawks a'flyin'..
Looks like Ben is a personal friend of yours hehe...ok I have a question for you, is Interactive Brokers IB or is Interbank FX called IB, when I hear everyone talking about IB I get mixed up, which is it? thanks, Raz
Never say never.
  • #5,250
  • Aug 7, 2007 9:41am Aug 7, 2007 9:41am
Quoting vmaranhao
Hi

This indicator shows price actions patterns, at least the ones I've plotted after go through hundreds of pages in this much more than excellent thread.

Just put the indicator in a chart and the stars will appear.

How to trade with the stars? That's a question to our guru...

rgrds

vmaranhao
dear, Vmaranhao,
thanx for your reply and your indicator, so it is used to clarify the bars patterns mentioned by james pa,thanx again,
atef
  • #5,251
  • Aug 7, 2007 9:51am Aug 7, 2007 9:51am
Quoting SeekingLight
Thanks!

Still short from 2.0432 (I'm just so happy about that trade I had to share)

Looking for 2.0180, 1.9990 and trendline willing, lower.

I just hope I got the patience for it ;p


And that Ben keeps them Hawks a'flyin'..

Hi Seeking Light,
Just a quick question how did you enter on "short from 2.0432" is this from the pin bar from the 4hour chart or was it from the daily BEOB from the 6th ?
If so how did you get in so early ??
Nice trade.
Stay Lucky Mimas.
  • #5,252
  • Aug 7, 2007 9:53am Aug 7, 2007 9:53am
Quoting razldazl
Looks like Ben is a personal friend of yours hehe...ok I have a question for you, is Interactive Brokers IB or is Interbank FX called IB, when I hear everyone talking about IB I get mixed up, which is it? thanks, Raz
Never mind I found it, thanks, Raz
Never say never.
  • #5,253
  • Aug 7, 2007 10:21am Aug 7, 2007 10:21am
Quoting mimas
Hi Seeking Light,
Just a quick question how did you enter on "short from 2.0432" is this from the pin bar from the 4hour chart or was it from the daily BEOB from the 6th ?
If so how did you get in so early ??
Nice trade.
Stay Lucky Mimas.
First posted the entry reason here
http://forexfactory.com/showpost.php...postcount=5218

Quote
Descent started with a 2x 1h / 4h PB here on my chart at a descending TL capping off the tops on 1h..didn't quite get to .618 of the downswing sadly :/

Took that. Was expecting a B end for a C down and the PBs confirmed roughly in that area. Actually left a bit overshoot room for 10 pips above the .618 since cable likes to give a last good thrashing before giving up sometimes by 5-15 pips.

Worked out bona fide.
Trust price. Know yourself.
  • #5,254
  • Aug 7, 2007 10:31am Aug 7, 2007 10:31am
Quoting the_wizard
Are you still bearish Seeking?

I'm building a long position in the Dax...should have checked your journal first...lol
Not sure after the surge yesterday, but I still believe in a nervous environment and big potential for things staying slippery =)

And now, for something completely different....


(I have too much time on my hands waiting for GBPUSD to get to 1.9990 hehe)
Attached Image
Trust price. Know yourself.
  • #5,255
  • Aug 7, 2007 10:56am Aug 7, 2007 10:56am
Hello,

I'm new to this forum (as you can see it's my first post here) and I'm really happy having found this thread. I'm also a newbe to trading, I started learning only 2 month ago.
I first want to thank James16 for all the help he gaves to everyone here.
After having read a dozen books and thousands web pages I must say I've never seen a so practical and powerfull bunch of methods.
I learned alot reading the whole thread (yes I did it!). It's just amazing!
I hope joining the PF soon :-)

Thank you alot James, you're doing a great Job here!

-
Phil
  • #5,256
  • Aug 7, 2007 10:59am Aug 7, 2007 10:59am
Quoting phn
Hello,

I'm new to this forum (as you can see it's my first post here) and I'm really happy having found this thread. I'm also a newbe to trading, I started learning only 2 month ago.
I first want to thank James16 for all the help he gaves to everyone here.
After having read a dozen books and thousands web pages I must say I've never seen a so practical and powerfull bunch of methods.
I learned alot reading the whole thread (yes I did it!). It's just amazing!
I hope joining the PF soon :-)

Thank you alot James, you're doing a great Job here!
-
Phil
Welcome aboard Phil!
It's a great place with great info and great people.

Joining the PF will be a great next step.

Best of luck,
Tom
  • #5,257
  • Aug 7, 2007 11:37am Aug 7, 2007 11:37am
Thanks moneybags.

It seems a PB is forming on GBP/USD (it just hit the lowest of last week), isn't it?
  • #5,258
  • Aug 7, 2007 12:13pm Aug 7, 2007 12:13pm
Hello guys,

I'm your new friend in the PF but couldn't find a USD/CHF thread, so i'll post it here.
This is the 1H USD/CHF - is there gonna be a pin ?? let's wait and see, if it is, it's gonna be a perfect one!
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Click to Enlarge Name: pin.jpg Size: 26 KB
  • #5,259
  • Aug 7, 2007 12:15pm Aug 7, 2007 12:15pm
Quoting zoheir
Hello guys,

I'm your new friend in the PF but couldn't find a USD/CHF thread, so i'll post it here.
This is the 1H USD/CHF - is there gonna be a pin ?? let's wait and see, if it is, it's gonna be a perfect one!
well I think you are trying to focus on the right eye here, which you don't even need to worry about. Just focus on the actual pinbar and the left eye(where the open and close of the pinbar is located). This bar is a neutral bar since the open and close are in the middle of the bar

Best,
Mike
  • #5,260
  • Aug 7, 2007 12:19pm Aug 7, 2007 12:19pm
Quoting zoheir
Hello guys,

I'm your new friend in the PF but couldn't find a USD/CHF thread, so i'll post it here.
This is the 1H USD/CHF - is there gonna be a pin ?? let's wait and see, if it is, it's gonna be a perfect one!
zoheir do be careful when trading these lower time frames. Many times they will produce what looks to be a great setup and then move suddenly in the opposite direction.

On the other hand if the higher time frames are have setup to go in the same direction then your probablity of having a winning trade increases.

Just my 1.5 cents. I am still working on the other .5

Steve
Nothing is impossible, with a willing mind!
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