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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

  • #9,201
  • Feb 20, 2008 6:50am Feb 20, 2008 6:50am
Quoting shayb
Hi Guys

LOOK AT THE PB IN EUR/AUD DAILY CHART.....RIGHT BELOW SUPPORT THAT BECAME RESISTANCE.

IS IT OK TO GO LONG?
Can you post a chart shay? I'm not seeing a pinbar on mine (I use ibfx).


zoopy
  • #9,202
  • Feb 20, 2008 7:40am Feb 20, 2008 7:40am
CHART..............
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  • #9,203
  • Feb 20, 2008 7:47am Feb 20, 2008 7:47am
Quoting shayb
CHART..............

that is a neutral bar (open and close in middle of bar), this indicates indecision


Mike
  • #9,204
  • Feb 20, 2008 8:12am Feb 20, 2008 8:12am
Same here, was ok until yesterday I think..
  • #9,205
  • Feb 20, 2008 8:20am Feb 20, 2008 8:20am
Seems it may have been a cache issue, fine now, disregard
  • #9,206
  • Feb 20, 2008 9:42am Feb 20, 2008 9:42am
I think you call it BUVB.....
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  • #9,207
  • Feb 20, 2008 10:06am Feb 20, 2008 10:06am
Quoting shayb
I think you call it BUVB.....
nope, if it closes like on your chart, it will be BEOVB
  • #9,208
  • Feb 20, 2008 10:24am Feb 20, 2008 10:24am
Quoting raczekfx
nope, if it closes like on your chart, it will be BEOVB
WHAT IS BEOVB? I MEANT BOVB.....

Thanks
Shay
  • #9,209
  • Feb 20, 2008 10:28am Feb 20, 2008 10:28am
Quoting shayb
WHAT IS BEOVB? I MEANT BOVB.....

Thanks
Shay
Bearish Outside Bar
{if i remember correctly}:
Carpe Divitiae
  • #9,210
  • Feb 20, 2008 10:55am Feb 20, 2008 10:55am
PB 4H.....
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  • #9,211
  • Feb 20, 2008 12:31pm Feb 20, 2008 12:31pm
yeah thats a good one and it's a good pair to be long on. Interest positive pairs with a buy signals always increase probability for a good long trade.
  • #9,212
  • Feb 20, 2008 12:41pm Feb 20, 2008 12:41pm
Quoting bobblong
yeah thats a good one and it's a good pair to be long on. Interest positive pairs with a buy signals always increase probability for a good long trade.
THANKS!!!!
  • #9,213
  • Feb 21, 2008 7:48am Feb 21, 2008 7:48am
Quoting skfx
No worries g.

Just something extra, personally i like my order filled the VERY NEXT bar after the pin bar.It all has to do with momentum.If you get a pin bar and then have to wait around a few more bars after the pin to be filled then momentum has likely weakened and i will usually delete the order and start the process again.
This is just my opinion based on my experiences playing PB's.I like it to pin and the next bar to take off.
Just test and see what works best for you.
Take care.

Cheers
Steve.
Great call, Steve. Eventually I got filled on GBP/CHF trade and now im sitting on 200 pips profit. I lost 40 pips on Nzd/Usd trade because, as you said, it was a wrong PB. Always live and learn. Thanx a lot for your quick help.
We leave no soldier behind.
  • #9,214
  • Feb 21, 2008 9:31am Feb 21, 2008 9:31am
chart
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Keep taking CT trades, I need more money
  • #9,215
  • Feb 21, 2008 9:45am Feb 21, 2008 9:45am
Quoting Ryanmcd
chart
Another pair I don't trade often, but sure have an opinion on :
{I hate people like me}

I would say the two red 4H bars should form a nice BEOB on the daily eventually.
Which would constitute a reason to think short.
I've not personally opened any E/J positions as my setup's not there yet.
But just something to throw into the think-tank. It's certainly starting to get my attention.
Carpe Divitiae
  • #9,216
  • Feb 21, 2008 3:19pm Feb 21, 2008 3:19pm
Hi All

Is it a BOVB?
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  • #9,217
  • Feb 21, 2008 3:23pm Feb 21, 2008 3:23pm
Cannot See Chart I Have Post So I Post Again......
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  • #9,218
  • Feb 21, 2008 3:40pm Feb 21, 2008 3:40pm
Quoting KrazyD
Thanks Mike for your reply..
And, to whomever might reply, I've been going through james16 thread now..
How is the PF going? I did a terribly stupid regretful costly mistake and joined forexbastards in July...blew through a $5000 account on top of paying them $250 a month...I got out within 3 months...I am still experiencing trading trauma and side effects from the ordeal!!! I have been looking for personal coaching, mentoring etc...but am afraid of getting taken again! Any information is welcome by me...I knowthat just with this forum alone in the last few days the info I have learned is more than I ever had imagined..
Thanks


KrazyD -

I would agree with the post that says read through the free material first. I have been with J16 for about 4 months, and it is certainly worth the time and money, however......

As the new site is still really, really, new.....I wouldn't necessarily join right this second. Give Jim and the guys another month to get things in order. It's getting better organized everyday, and to be honest, he wasn't taking new members for a while for this very reason.

However, after you read through his stuff a time or two- join. That's all I can say about it. It really has changed a lot for me.

As a side note- the psychology "guru" has been a huge help for me. (After reading through that story about forexbastards.....I would suggest heading straight there when you join.)

He, (FijiTrader) through his teachings and random thoughts has really helped me tremendously with my trading, and many, many, other things as well. In fact, because of a few things he written off-hand, I was finally able to quit smoking after 22 years. (If I never make it in trading, that in itself pays for the year.)

$129 a month isn't really that expensive to be honest. I know you probably hate to spend money on anything after your experience with Dimitri, (aka Felix) but I promise you, it's worth it.

The videos, chat sessions, and forums are all great info. I just think that you might want to give it another week or two before jumping in. (my opinion, and I certainly wouldn't blame you for doing it right now.)

Besides, his free stuff is going to take a few weeks to get through anyways.....

Clockwork71
  • #9,219
  • Feb 21, 2008 4:36pm Feb 21, 2008 4:36pm
On Eur/Jpy there is a daily pinbar (well some might consider it neutral but but it's pinnish [is that a word?] enough for me), and it's off a PPZ that has been hit quite a few times if you look back. This looks a lot like the Gbp/Jpy pin bar last week that worked out well. Anyone else like the looks of this one?

This is kind of interesting because if this PB fails we will have the beginning of an uptrend on the daily chart (higher low and a higher high), so if it fails I'll most likely be looking for a chance to go long on this pair.
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  • #9,220
  • Feb 21, 2008 5:55pm Feb 21, 2008 5:55pm
Quoting clockwork71
I would agree with the post that says read through the free material first. I have been with J16 for about 4 months, and it is certainly worth the time and money, ......
amen to that. I've been with J16 since Jan. 2006....
It's worth every penny...
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