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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

  • #5,741
  • Aug 31, 2007 9:25am Aug 31, 2007 9:25am
Don't you hate it when this happens?

I go long Euro at the pin. Stop at horizontal line.

No TP/Limit orders in.

Then I go out to buy some trainers.

Come back and see this.

Genuinely distressing.
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  • #5,742
  • Aug 31, 2007 9:36am Aug 31, 2007 9:36am
Maybe this was your problem on EUR/USD... that big ol 4 hr PB !!! Bouncing off the 200 sma....
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  • #5,743
  • Aug 31, 2007 9:43am Aug 31, 2007 9:43am
Quoting Tiki Trader
Maybe this was your problem on EUR/USD... that big ol 4 hr PB !!! Bouncing off the 200 sma....
Yes, it's also sitting right at 1.3682 PPZ. It will be interesting to watch this one.
  • #5,744
  • Aug 31, 2007 9:44am Aug 31, 2007 9:44am
Quoting Tiki Trader
Maybe this was your problem on EUR/USD... that big ol 4 hr PB !!! Bouncing off the 200 sma....
Actually my problem was that I went out and left it...

But I don't ever look at 4hr.

I don't like it.
  • #5,745
  • Aug 31, 2007 10:33am Aug 31, 2007 10:33am
A prolonged rally in Wheat leads up to...

A pin bar at a round number...

I wonder where that is going next...answers on a postcard...

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  • #5,746
  • Aug 31, 2007 11:20am Aug 31, 2007 11:20am
Quoting the_wizard
But I don't ever look at 4hr.

I don't like it.

Because it takes 4 hours to form?
Trust price. Know yourself.
  • #5,747
  • Aug 31, 2007 11:26am Aug 31, 2007 11:26am
I think this is going back north. We have a pin bar forming on the 1hr. It just fell like a rock. The pin bar bounced off the 50 fib and daily pivot. The eyes, when formed could end up being within 3 pips of each other, I think this is pretty good for a pair that moves 50 pips regurally in a 1/2 hour. I am already in at BE off of the 5 min. Need to make back that 200 pips I missed out on from sleeping on the job. Lesson learned.
Dion
  • #5,748
  • Aug 31, 2007 11:30am Aug 31, 2007 11:30am
Quoting SeekingLight
Because it takes 4 hours to form?
LOL

It's just all about being comfortable with a timeframe. My broker doesn't quote 4 hour. It jumps from 1hr to daily so those are the two timeframes I use to trade.

I do sometimes look at the 4hr on MT4 but I just don't really like it.

You ever get that feeling when you meet someone that you don't really like them but you are not sure why? Like they have done nothing wrong, maybe they are even nice to you but something you don't trust/like from instinct.

4hr and me are like that
  • #5,749
  • Aug 31, 2007 11:34am Aug 31, 2007 11:34am
Its going, almost gone.
  • #5,750
  • Aug 31, 2007 11:37am Aug 31, 2007 11:37am
Yes I was going to say that too !!! But I don't know what trainers are or where you get them... maybe that store is far away and you just couldn't get back quick enough. And I also rarely look at the 4 hr either... just ran across it about the same time as I read your post !!

Quoting the_wizard
Actually my problem was that I went out and left it...

But I don't ever look at 4hr.

I don't like it.
  • #5,751
  • Aug 31, 2007 12:57pm Aug 31, 2007 12:57pm
Quoting the_wizard
A prolonged rally in Wheat leads up to...

A pin bar at a round number...

I wonder where that is going next...answers on a postcard...

Isn't it just great that this "stuff" works on any market under the sun!!!
  • #5,752
  • Aug 31, 2007 1:11pm Aug 31, 2007 1:11pm
Quoting james16
New Chart
Hello James16,
I am a newbie and seek your guidance. I am going through your charts to understand the price action in relation to Bars. But, being habitual of viewing the price/bar with respect to 'Positioning of SMA/EMA' at that particular moment, it will be much more easy to grasp the subject for me, if the colour scheme employed by you is also known (Forgive me if I seem irritating). Though, in earlier charts, the colour scheme looked obvious with the valuation of SMA/EMA, but this chart is 'Typical' and I am getting mixed up with my earlier presumptions. Therefore, the best thing left for me is to ask you the colour scheme used by you. I further presume that the colour scheme remains same through out, with out any change from Chart to Chart.
Thanks.
  • #5,753
  • Aug 31, 2007 1:27pm Aug 31, 2007 1:27pm
Quoting omsai
Hello James16,
I am a newbie and seek your guidance. I am going through your charts to understand the price action in relation to Bars. But, being habitual of viewing the price/bar with respect to 'Positioning of SMA/EMA' at that particular moment, it will be much more easy to grasp the subject for me, if the colour scheme employed by you is also known (Forgive me if I seem irritating). Though, in earlier charts, the colour scheme looked obvious with the valuation of SMA/EMA, but this chart is 'Typical' and I am getting mixed up with my earlier presumptions. Therefore, the best thing left for me is to ask you the colour scheme used by you. I further presume that the colour scheme remains same through out, with out any change from Chart to Chart.
Thanks.
Omsai
Peace. May God be with you.
  • #5,754
  • Aug 31, 2007 2:14pm Aug 31, 2007 2:14pm
Quoting baddison
Isn't it just great that this "stuff" works on any market under the sun!!!
YES !! but the wheat field in back of my house still looks the same !!! And my brokers says he does not know what wheat is ...
  • #5,755
  • Aug 31, 2007 2:15pm Aug 31, 2007 2:15pm
I see you down there cesar... you will be converted to PA yet !!
  • #5,756
  • Aug 31, 2007 2:23pm Aug 31, 2007 2:23pm
Quoting james16
New Chart
Hello James16,
Again I am going to put you a childish question, but I feel there is No Harm Done if a person understands the thing in a right manner from the begining, that too when the lessons are coming from a 'Guru' like you. Well, what I intend to clarify for me is, that I have observed so far that you have given great importance to 'Double/Triple Bar Top/Bottom's with special emphasis on Closing' (which was never understood by me earlier out of my ignorance). It means, if the 'Next Bar Closes Low/High than the previous Bar in the pair, then it can be safely assumed that hereon the trend will follow as per the direction of 'Closing', atleast for the next few bars (ofcourse, I have found exceptions also, but mostly the trend followed the course of previous closing as described earlier). Now, am I right in understanding it so far? If 'NO', please light my way.
Thanks.
Omsai
Peace. May God be with you.
  • #5,757
  • Aug 31, 2007 2:27pm Aug 31, 2007 2:27pm
Quoting the_wizard
..
But I don't ever look at 4hr.

I don't like it.
4hr is my second favorite after dailies. Plenty of nice opportunities ...
Some of these I took and posted in my journal, some of them just watched....
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  • #5,758
  • Aug 31, 2007 2:29pm Aug 31, 2007 2:29pm
Quoting raczekfx
4hr is my second favorite after dailies. Plenty of nice opportunities ...
Some of these I took and posted in my journal, some of them just watched....
  • #5,759
  • Aug 31, 2007 3:14pm Aug 31, 2007 3:14pm
Quoting raczekfx
4hr is my second favorite after dailies. Plenty of nice opportunities ...
Some of these I took and posted in my journal, some of them just watched....

Around now I'd like to know which MT4 demo / broker you are using for that timezone since one of mine (Windsor) seems to have gone AWOL..


Btw, is Windsor working for anyone else???
Trust price. Know yourself.
  • #5,760
  • Aug 31, 2007 3:30pm Aug 31, 2007 3:30pm
Quoting SeekingLight
Around now I'd like to know which MT4 demo / broker you are using for that timezone since one of mine (Windsor) seems to have gone AWOL..


Btw, is Windsor working for anyone else???
.
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