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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

  • #9,701
  • Mar 27, 2008 5:47pm Mar 27, 2008 5:47pm
Quoting mihali
what do you guys think about this daily pin? I think it worth taking it.
61.8% retracement also lines up with 200ma
  • #9,702
  • Mar 27, 2008 7:24pm Mar 27, 2008 7:24pm
Hi,

Gbp/chf
looking to short this one once it breaks yesterdays low, any thoughts on this?. I'm still pretty new working out these set ups so any help would be most welcome.

Cheers.
  • #9,703
  • Mar 27, 2008 8:26pm Mar 27, 2008 8:26pm
Quoting Siam
Hi,

Gbp/chf
looking to short this one once it breaks yesterdays low, any thoughts on this?. I'm still pretty new working out these set ups so any help would be most welcome.

Cheers.

Hey Siam

The PA setup here is an IB on the daily + a TBL. So a break of an IB and a TBL can be used for trend continuation, and in this case gbp/chf is clearly in a downtrend

Hope that helps

Mike
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  • #9,704
  • Mar 27, 2008 8:35pm Mar 27, 2008 8:35pm
Quoting kenllau
61.8% retracement also lines up with 200ma
Yup and a Head and shoulder too, plus that Pin Bar in traffic...could be short. Was very tempted to take it but i decided not to take it. At this point of my trading experience i think its best to stick to the best set up till i am much more experience in reading PA. But i be watching
  • #9,705
  • Mar 28, 2008 3:33am Mar 28, 2008 3:33am
we had a nice fall as we all expected. price is stalling around 1.9950 as you indicated on your chart.
I took partial profit. hope continuing its way down.

Quoting raczekfx
A nice one; off PPZ/TL/61fib confluence
Let's see how it plays out. I added few areas for you to watch, if you take it.
.
ps. No definite PA on fiber to indicate short, but watch it very, very closely (good r/r???.....
  • #9,706
  • Mar 28, 2008 4:37am Mar 28, 2008 4:37am
Quoting mihali
we had a nice fall as we all expected. price is stalling around 1.9950 as you indicated on your chart.
I took partial profit. hope continuing its way down.
Yea guys and girls, we are making great profit from discussing pin bars and price action here, let's continue do it. It's very educational and fun.




http://www.james16group.com/ is where i study now a days!
  • #9,707
  • Mar 28, 2008 5:11am Mar 28, 2008 5:11am
I started reading thread now at page 208. a long way to go. it will take 2-3 months to finish reading and practicing. after that I would like to join PF as well. really waiting for that.

Quoting rob4u
Yea guys and girls, we are making great profit from discussing pin bars and price action here, let's continue do it. It's very educational and fun.




http://www.james16group.com/ is where i study now a days!
  • #9,708
  • Mar 28, 2008 5:35am Mar 28, 2008 5:35am
Yes, it is in down trend, but let’s look at weekly chart – here we have PB off 76,8% fib, and also off trend line which acts as support. Especially I would consider entering short only after breaking the low of that PB.


Quoting mbqb11
Hey Siam

The PA setup here is an IB on the daily + a TBL. So a break of an IB and a TBL can be used for trend continuation, and in this case gbp/chf is clearly in a downtrend

Hope that helps

Mike
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  • #9,709
  • Mar 28, 2008 5:52am Mar 28, 2008 5:52am
Quoting mihali
I started reading thread now at page 208. a long way to go. it will take 2-3 months to finish reading and practicing. after that I would like to join PF as well. really waiting for that.
keep it up, it's worth every minute
  • #9,710
  • Mar 28, 2008 7:29am Mar 28, 2008 7:29am
Quoting mihali
we had a nice fall as we all expected. price is stalling around 1.9950 as you indicated on your chart.
I took partial profit. hope continuing its way down.
9950 was where I took 1/3 off the market and moved sl to be
  • #9,711
  • Mar 28, 2008 8:37am Mar 28, 2008 8:37am
Quoting mihali
I started reading thread now at page 208. a long way to go. it will take 2-3 months to finish reading and practicing. after that I would like to join PF as well. really waiting for that.
I read it several times, but from 2nd time onwards, I had a filter on...
Only read those by James16 and mbqb11 ...
  • #9,712
  • Mar 28, 2008 8:47am Mar 28, 2008 8:47am
And those by this man too

Quoting raczekfx
I read it several times, but from 2nd time onwards, I had a filter on...
Only read those by James16 and mbqb11 ...
  • #9,713
  • Mar 28, 2008 8:51am Mar 28, 2008 8:51am
my filter is not so strict .
I like the posts of yours, Habeeb, Seeking, Bundy too. Just to name some of the best traders of this thread. and I am sure there are many good traders I did not mention.
Thank all of you for the great examples and help.

Quoting raczekfx
I read it several times, but from 2nd time onwards, I had a filter on...
Only read those by James16 and mbqb11 ...
  • #9,714
  • Mar 28, 2008 3:04pm Mar 28, 2008 3:04pm
just another thank you.....
Patience is the keyword here...
  • #9,715
  • Mar 28, 2008 3:56pm Mar 28, 2008 3:56pm
Some of you have been talking about browsing this thread with a filter that selects posts by only certain users. How do you go about this?
  • #9,716
  • Mar 29, 2008 12:13am Mar 29, 2008 12:13am
chart
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  • #9,717
  • Mar 29, 2008 3:06am Mar 29, 2008 3:06am
Hi James16,

first IŽd like to say thank you. Your Post been very useful and I appreciate your examples with pictures and stuff!
Today I tried to sign up at your website but unfortunately just Creditcard is accepted. Could you mail me for this sake? ([email protected])

I also have 2 question if you dont mind
How did you setup the EMA? Median, Weighted?
Is the second indicator the PPMA?

Keep up the good work and thanks to all your posts.
God bless.
  • #9,718
  • Mar 29, 2008 3:21am Mar 29, 2008 3:21am
Quoting suspect
Hi James16,

first IŽd like to say thank you. Your Post been very useful and I appreciate your examples with pictures and stuff!
Today I tried to sign up at your website but unfortunately just Creditcard is accepted. Could you mail me for this sake? ([email protected])

I also have 2 question if you dont mind
How did you setup the EMA? Median, Weighted?
Is the second indicator the PPMA?

Keep up the good work and thanks to all your posts.
God bless.

Hey suspect

The indicators are both EMA. So for mt4 simply add a moving average indicator and make sure it is set on exponential. One with a 365 and one with a 150.

Take care
Mike
  • #9,719
  • Mar 29, 2008 3:34am Mar 29, 2008 3:34am
Quoting mbqb11
Hey suspect

The indicators are both EMA. So for mt4 simply add a moving average indicator and make sure it is set on exponential. One with a 365 and one with a 150.

Take care
Mike
Thanks!!
  • #9,720
  • Mar 29, 2008 3:42am Mar 29, 2008 3:42am
Quoting james16
chart
Your #3 Pin Bar was also at the 61.2 fib and trendline (after retrace). Talk about confluence!

I was able to catch this one and still have a partial position at the 1.9770 entry (near the 61.2 fib).

Always great to here from you, Jim. I'll see you in your website soon, my brother.
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Indicators show the past. Price Action "Indicates" the future.
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