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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

  • #7,441
  • Nov 6, 2007 3:42pm Nov 6, 2007 3:42pm
Quoting Scot Pippin'
I have my first child on the way

Congrats!
Trust price. Know yourself.
  • #7,442
  • Nov 6, 2007 3:59pm Nov 6, 2007 3:59pm
Congrats SP,
Everyone, I will be gone for about a month. I need to travel through Argentina to Paraguay by bus (30+ hrs) for business and visiting friends. I may be able to check in from internet cafe if I have the time. Otherwise, will see you early Dec. Have a great thanksgiving for those that celebrate it. Will be around until this Fri. Jim, maybe the new site will be up and running. I look forward to it.
  • #7,443
  • Nov 6, 2007 4:07pm Nov 6, 2007 4:07pm
take care my friend and yes it will be open by then just not completly furnished.

jim

Quoting HipsterPipster
Congrats SP,
Everyone, I will be gone for about a month. I need to travel through Argentina to Paraguay by bus (30+ hrs) for business and visiting friends. I may be able to check in from internet cafe if I have the time. Otherwise, will see you early Dec. Have a great thanksgiving for those that celebrate it. Will be around until this Fri. Jim, maybe the new site will be up and running. I look forward to it.
  • #7,444
  • Nov 6, 2007 4:21pm Nov 6, 2007 4:21pm
Hi everyone,

we have a two day pinbar in traffic and at a 20 year high. This seems not to be a great trade but why shouldn't it go any higher. I, however, do not take this trade.

Chris
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  • #7,445
  • Edited 4:35pm Nov 6, 2007 4:32pm | Edited 4:35pm
Quoting creeper
Hi everyone,

we have a two day pinbar in traffic and at a 20 year high. This seems not to be a great trade but why shouldn't it go any higher. I, however, do not take this trade.

Chris
Chris, I see that it is in a consolidation pattern on the daily. Ideally it will brake out long and test this consolidation. If you are looking for daily action, I would look for PA around the pink pz lines/arrows. If price brakes long where it is, it will very likely come back and test that upper arrow before continuing long.
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  • #7,446
  • Nov 6, 2007 4:46pm Nov 6, 2007 4:46pm
Quoting creeper
Hi everyone,

we have a two day pinbar in traffic and at a 20 year high. This seems not to be a great trade but why shouldn't it go any higher. I, however, do not take this trade.

Chris
What is a two day pinbar?
  • #7,447
  • Nov 6, 2007 4:50pm Nov 6, 2007 4:50pm
Quoting saskgui
What is a two day pinbar?
combining two bars that would make a pinbar. So you take the open from the first bar and the close of the second bar.

Here is a chart with 2 examples

Remember price is price, our charts are just a viewing glass into what that price is doing

Also a lot of times you can look at them as a combined 2(3, 4) day pin bar, but the last bar is it's own formation. For example below the second example of a 2 day pin bar. The second bar is a bearish outside bar.


Mike
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  • #7,448
  • Nov 6, 2007 5:04pm Nov 6, 2007 5:04pm
Quoting SeekingLight
Missed this one(last IB break up)

AUDNZD finally moved back down a bit, helping this one along...still has a lot of catching up to do, but might not get to. We'll see.

Some okay setups here if one ignores all the articles written about how since the DJI is so low it really should be 500 pips lower

All that unwind thinking stuff has proven a lot more hindrance to me than helped. Trading the chart "stupidly" woulda been so much nicer than waiting for case x to happen while it never does.
You know i have been watching NZD/USD for a while now. The reason is because of the clear s/r being demonstrated. My understanding is to look for this in the long term charts and see if any price action shows up. I was waiting for a pin bar faking low or a inside bar/dblhc on top of the support to take a long trade. I never go it. I was tempted to enter a buy at 7793 (todays start of a buy candle that opened above resistance) but there is no price action on my charts.

I guess this is just a waiting game if you are looking for good trades then?
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  • #7,449
  • Nov 6, 2007 5:36pm Nov 6, 2007 5:36pm
Are there any doubts at this point that Oil is going to hit $ 100...??? And USD/CAD will hit 0.9000....

Somehow it does not matter if it is justifed or not as Rac said... but I have no doubt that it is going to do it... and quickly !!!
  • #7,450
  • Nov 6, 2007 5:58pm Nov 6, 2007 5:58pm
  •  zinc6
  • | Joined May 2007 | Status: don't just do something, sit there! | 54 Posts
Quoting Tiki Trader
Does anyone know what has happened to zinc6 ???
Hey Tiki ... thanks for your concern ... I'm currently on my way to katmandu nepal to go treking in the mountains ... just logged in to check up on you all

Quoting ademac
Left the factory/PF for a while. Will she come back ? I don't know. Will be missed i am sure.

Ademac
Thanks Ademac for your kind words ... I'll be back mid december ...

Razldazl ... maybe we should catch up for a latte and form our own minority lobby group of blonde female J16 30+ traders ... more rights for blondes with high iq's :

Go well everyone ...

zinc6
  • #7,451
  • Nov 6, 2007 6:13pm Nov 6, 2007 6:13pm
Oh... ! So that's what you meant by "higher ground" !!!


Quoting zinc6
Hey Tiki ... thanks for your concern ... I'm currently on my way to katmandu nepal to go treking in the mountains ... just logged in to check up on you all



Thanks Ademac for your kind words ... I'll be back mid december ...

Razldazl ... maybe we should catch up for a latte and form our own minority lobby group of blonde female J16 30+ traders ... more rights for blondes with high iq's :

Go well everyone ...

zinc6
  • #7,452
  • Nov 6, 2007 6:39pm Nov 6, 2007 6:39pm
Any-one got an eye on this one..
1. aud interest just went up with hawkish statement
2. the price of oil/ cad going higher.
Its a good looking pin even on the daily but with cad so strong maybe not such a good one. maybe a few pips eh Tiki..
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  • #7,453
  • Nov 6, 2007 8:21pm Nov 6, 2007 8:21pm
Too much travelin goin on around here all the sudden !!! Not fair cause I can't go... !!! You should get yourself one of those fancy laptops with wireless satelite internet... so you can keep on trading !!! When you are ready I can tell you a neat story about my first flight to Chile... passed through argentina... and well... when you got time... hope you got a confortable bus, and not one of those school bus kinds !!! Have been on the trains in Chile ?? They are pretty good !!!!!

Quoting HipsterPipster
Congrats SP,
Everyone, I will be gone for about a month. I need to travel through Argentina to Paraguay by bus (30+ hrs) for business and visiting friends. I may be able to check in from internet cafe if I have the time. Otherwise, will see you early Dec. Have a great thanksgiving for those that celebrate it. Will be around until this Fri. Jim, maybe the new site will be up and running. I look forward to it.
  • #7,454
  • Nov 6, 2007 8:22pm Nov 6, 2007 8:22pm
And of coarse you closed your journal so now we can't all go in there and mess around while you're gone...

Quoting zinc6
Hey Tiki ... thanks for your concern ... I'm currently on my way to katmandu nepal to go treking in the mountains ... just logged in to check up on you all



Thanks Ademac for your kind words ... I'll be back mid december ...

Razldazl ... maybe we should catch up for a latte and form our own minority lobby group of blonde female J16 30+ traders ... more rights for blondes with high iq's :

Go well everyone ...

zinc6
  • #7,455
  • Nov 6, 2007 8:41pm Nov 6, 2007 8:41pm
OK, someone please enlighten me....
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  • #7,456
  • Nov 6, 2007 8:41pm Nov 6, 2007 8:41pm
Quoting Tiki Trader
OK, someone please enlighten me....
02:32 EUR/USD: Trades To Fresh All-Time High As USD Broadly Weakens Sydney,
November 07: The market has successfully knocked out a option barrier at 1.4600
and stops have been triggered up to 1.4665. Traders say that comments from a
Chinese official saying that China should diversify into strong currencies such
as the Euro have sparked the move higher.

02:36 USD: Slammed Lower On Comments From China Official Sydney, November 07:
Comments made by a top Chinese adviser saying that China should diversify more
of their 1.4 TLN USD reserves into the Euro sparked a huge jump in the EUR/USD
from 1.4565 to 1.4665 in very quick time. The comments have weighed on the US
dollar across the board and helped push gold ever higher. --
  • #7,457
  • Nov 6, 2007 8:49pm Nov 6, 2007 8:49pm
Couldn't you have said something BEFORE the spike ???

Quoting mbqb11
02:32 EUR/USD: Trades To Fresh All-Time High As USD Broadly Weakens Sydney,
November 07: The market has successfully knocked out a option barrier at 1.4600
and stops have been triggered up to 1.4665. Traders say that comments from a
Chinese official saying that China should diversify into strong currencies such
as the Euro have sparked the move higher.

02:36 USD: Slammed Lower On Comments From China Official Sydney, November 07:
Comments made by a top Chinese adviser saying that China should diversify more
of their 1.4 TLN USD reserves into the Euro sparked a huge jump in the EUR/USD
from 1.4565 to 1.4665 in very quick time. The comments have weighed on the US
dollar across the board and helped push gold ever higher. --
  • #7,458
  • Nov 6, 2007 8:52pm Nov 6, 2007 8:52pm
Quoting Tiki Trader
Couldn't you have said something BEFORE the spike ???
I was too busy on the phone with china officials
  • #7,459
  • Nov 6, 2007 8:56pm Nov 6, 2007 8:56pm
Quoting Tiki Trader
Too much travelin goin on around here all the sudden !!! Not fair cause I can't go... !!! You should get yourself one of those fancy laptops with wireless satelite internet... so you can keep on trading !!! When you are ready I can tell you a neat story about my first flight to Chile... passed through argentina... and well... when you got time... hope you got a confortable bus, and not one of those school bus kinds !!! Have been on the trains in Chile ?? They are pretty good !!!!!
Yeah, just took the train south this weekend. It was nice. My wife and I just got suckered into getting filmed for one of those tourist promotions they show on tv. You know, the one where the tourists go to some exotic place, party and get drunk. We had no idea what was going on. You may see us on Sabado Gigante visiting the little unknown town of Chimbarongo, Chile.
  • #7,460
  • Nov 6, 2007 8:57pm Nov 6, 2007 8:57pm
There is a Chinese repo man in my driveway picking up my Jaguar.
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