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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

  • #9,241
  • Edited 10:35am Feb 22, 2008 10:25am | Edited 10:35am
Quoting shayb
No ONLY AFTER THE LOW OF THE PIN WAS BREAKED I WATED FOR RET 50% FIB THEN I ENTERED....159.16 Sl just over the high of the PIN one more thing i did not close this position yet i am moving the sl with the market now this trade will never be a lost....

Enjoy your weekend
Shay
Sorry Shay - thought that i understood your '50% Ret...' but i do not. 50% of which retracement?

freddi

Oh I think know - of the 'pin' bar - is that correct?
  • #9,242
  • Feb 22, 2008 10:53am Feb 22, 2008 10:53am
From the top of the pin to the lower of the market at this time...but only after he break lower of the pin....

Shay
  • #9,243
  • Feb 22, 2008 11:00am Feb 22, 2008 11:00am
Quoting shayb
Thanks man

Can you post another example in chart ?

and please explain how should i trade such a PA?

Thanks Again
Shay
it's all in this thread..
.
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  • #9,244
  • Feb 22, 2008 11:03am Feb 22, 2008 11:03am
Quoting raczekfx
it's all in this thread..
.
Thanks alot probably i missed it....
  • #9,245
  • Feb 22, 2008 11:12am Feb 22, 2008 11:12am
I'm already in this trade and couple other yen crosses.. and I will be watching today's close with interest..

have a good weekend all
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  • #9,246
  • Feb 22, 2008 11:24am Feb 22, 2008 11:24am
Quoting raczekfx
I'm already in this trade and couple other yen crosses.. and I will be watching today's close with interest..

have a good weekend all
WHAT PA SHOW YOU TO GO SHORT ON THIS PAIR, IN THE WEEKLY I SEE BAR WITH ONLY A PROBABLE OF MAKING PB ...?

Thanks
Shay
  • #9,247
  • Feb 22, 2008 11:35am Feb 22, 2008 11:35am
Quoting shayb
Thanks man

Can you post another example in chart ?

and please explain how should i trade such a PA?

Thanks Again
Shay
They are best played at PPZ's just like the majority of PA signals. They are consolidation/indecision and so you would look for a break of the bar for direction. The break could both be trend continuaiton or reversal. I establish SL and TP around PPZ.
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  • #9,248
  • Feb 22, 2008 11:45am Feb 22, 2008 11:45am
Quoting HipsterPipster
They are best played at PPZ's just like the majority of PA signals. They are consolidation/indecision and so you would look for a break of the bar for direction. The break could both be trend continuaiton or reversal. I establish SL and TP around PPZ.
Thanx

What you PPZ? maybe (pivot point z.....)

Shay
  • #9,249
  • Feb 22, 2008 11:46am Feb 22, 2008 11:46am
Quoting shayb
Thanx

What you mean "PPZ"? maybe (pivot point z.....)

Shay
forrgot word....
  • #9,250
  • Feb 22, 2008 12:40pm Feb 22, 2008 12:40pm
Quoting shayb
WHAT PA SHOW YOU TO GO SHORT ON THIS PAIR, IN THE WEEKLY I SEE BAR WITH ONLY A PROBABLE OF MAKING PB ...?

Thanks
Shay
.
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  • #9,251
  • Feb 22, 2008 12:52pm Feb 22, 2008 12:52pm
Quoting raczekfx
.
nice very nice.....i watched this pair and didn't notice to this bovb..great call...i may join with the weekly PB.... wish you alot of pips....

have a great weekend
Shay
  • #9,252
  • Feb 22, 2008 6:02pm Feb 22, 2008 6:02pm
Quoting shayb
Thanx

What you PPZ? maybe (pivot point z.....)

Shay
PPZ=price pivot zone; an area that price has repeatedly tested and been rejected. These are not mathematically calculated, they are drawn in free hand at a trader’s discretion. Shayb, I sense that you are eager to learn, and I don’t want to discourage you from asking questions. But, to be fair to all of us, you should consider reading through this thread. As you may have noticed, it’s already very long and a little intimidating but, many of your questions have been answered in past pages.
Dion
  • #9,253
  • Feb 22, 2008 7:35pm Feb 22, 2008 7:35pm
Here's the EURJPY trade I'm in. I sold on the break of the initial highlighted pin bar that touched the 50% fib ret, but today we've got a new pin in the opposite direction. I moved my stop 10 pips from the high of the new pin. Second/Third highlighted areas are TP levels.

So it'll exit if this new pin breaks in the bullish direction. Would anyone exit now after this new pin has formed? Do you agree with my TP levels?

How do you feel about the wedge/pennant/flag/whatever in the second screenshot (fat pink trendlines)?

I'm on page 120 of the thread, but I've kept up with it since page 600 or so.
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Hindsight is 20/20
  • #9,254
  • Feb 23, 2008 6:50am Feb 23, 2008 6:50am
Quoting HipsterPipster
PPZ=price pivot zone; an area that price has repeatedly tested and been rejected. These are not mathematically calculated, they are drawn in free hand at a trader’s discretion. Shayb, I sense that you are eager to learn, and I don’t want to discourage you from asking questions. But, to be fair to all of us, you should consider reading through this thread. As you may have noticed, it’s already very long and a little intimidating but, many of your questions have been answered in past pages.
Dion
thanks

i have already read this thread....next time i will search before i ask....sorry if i bother you....

Shay
  • #9,255
  • Feb 23, 2008 7:15am Feb 23, 2008 7:15am
Quoting cosgrove
Here's the EURJPY trade I'm in. I sold on the break of the initial highlighted pin bar that touched the 50% fib ret, but today we've got a new pin in the opposite direction. I moved my stop 10 pips from the high of the new pin. Second/Third highlighted areas are TP levels.

So it'll exit if this new pin breaks in the bullish direction. Would anyone exit now after this new pin has formed? Do you agree with my TP levels?

How do you feel about the wedge/pennant/flag/whatever in the second screenshot (fat pink trendlines)?

I'm on page 120 of the thread, but I've kept up with it since page 600 or so.
Hi Cosgrove! although i am no forex expert i'll still try to explain what you meant to ask there...

let's take the help of a few important EMA's:

http://i81.photobucket.com/albums/j2.../ojhvchlgh.gif

i missed the short entry but if i were you i would have eneterd short too....we'll see what becomes of it on Monday!

best of luck!
I believe . . .
  • #9,256
  • Feb 23, 2008 8:20am Feb 23, 2008 8:20am
HI Ghous, How did you get the GMT time and other info on your chart.
Find an Edge. Only way to succeed in this business.
  • #9,257
  • Feb 23, 2008 9:13am Feb 23, 2008 9:13am
Quoting jattputt
HI Ghous, How did you get the GMT time and other info on your chart.
Hi there! it's an mt4 indicator it had more options too it, but i got it edited to show me only the times that were relevant to me...i'll have it attatched for you...

so this is the modified one, let me know if you want the original i just felt it takes more space than i want it to, and some irrelevant stuff as i mentioned earlier.

enjoy!

regards,
Ghous
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I believe . . .
  • #9,258
  • Feb 23, 2008 10:15am Feb 23, 2008 10:15am
Quoting shayb
thanks

i have already read this thread....next time i will search before i ask....sorry if i bother you....

Shay
Shay, you don't bother me, and I think its great that you have questions! Just wanted to remind us to do our due research.
  • #9,259
  • Feb 23, 2008 10:45am Feb 23, 2008 10:45am
Quoting ghous
Hi Cosgrove! although i am no forex expert i'll still try to explain what you meant to ask there...

let's take the help of a few important EMA's:

i missed the short entry but if i were you i would have eneterd short too....we'll see what becomes of it on Monday!

best of luck!
Thanks for your input ghous. I thought I had the 365s plotted on my charts but I guess not! We'll see if it turns into support or it was just a cludged bounce. Interestingly enough, check what mine looks like without those Sunday-on-their-own bars! Closes under the MA all around...
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Hindsight is 20/20
  • #9,260
  • Feb 23, 2008 2:51pm Feb 23, 2008 2:51pm
Hi All

I think this is PB on monthly chart, can someone confirm it?

long noose small body with beatiful eyes.... low of an up trand..

Thanks
Shay
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