james16 Chart Thread | Page 554 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #11,061
  • Jun 2, 2008 2:35pm Jun 2, 2008 2:35pm
Quoting raczekfx
p.s. some of us actually went long when DB formed on 4hr with small stop

after the bar that made the second touch? or where?

thanks in advance.
  • #11,062
  • Jun 2, 2008 2:51pm Jun 2, 2008 2:51pm
Quoting mbqb11
LOL mark, you mean you are crying all the way to the bank on trades like this.
lol.. no, what I meant is being stopped out 6-7 times in a row for 20-30ps before you get one 200ps homer. That's the price of touch trading. DB sure helps a lot if you spot them at the right time....


Quoting giraia_br
after the bar that made the second touch? or where?

thanks in advance.
yes to 1st ?, 9840
  • #11,063
  • Jun 2, 2008 3:05pm Jun 2, 2008 3:05pm
USDCHF 4h made a PB. Can make a daily PB and break weekly IB. Correct? It is a A+?
  • #11,064
  • Edited 3:34pm Jun 2, 2008 3:16pm | Edited 3:34pm
Rac, what is difficult to me is understand the price action used in that trade. Price never came back to 9817 (to put a buy limit on the second touch) . I can't see any price action on 15m, 1h, 4h. Maybe it was the close of the 4h bar but it was a DBHLC.

sorry if this is a stupid question, but i can't see the price action.

thanks in advance.
  • #11,065
  • Jun 2, 2008 4:10pm Jun 2, 2008 4:10pm
Quoting giraia_br
Rac, what is difficult to me is understand the price action used in that trade. Price never came back to 9817 (to put a buy limit on the second touch) . I can't see any price action on 15m, 1h, 4h. Maybe it was the close of the 4h bar but it was a DBHLC.

sorry if this is a stupid question, but i can't see the price action.

thanks in advance.
because there is no pa.
I use aggressive trading technique from time to time (to complement PA to come) once I made up my mind re: trade direction. I called it R-1hr db in the PF. It is however beyond the scope of this thread and not suitable for everyone, therefore you'd have to excuse me for not going into details here.
  • #11,066
  • Jun 2, 2008 4:11pm Jun 2, 2008 4:11pm
Quoting jarroo
Also off a PPZ. Nice khalchian.
Thanks jarroo for pointing out the PPZ zone.
  • #11,067
  • Jun 2, 2008 4:14pm Jun 2, 2008 4:14pm
Quoting raczekfx
because there is no pa.
I use aggressive trading technique from time to time (to complement PA to come) once I made up my mind re: trade direction. I called it R-1hr db in the PF. It is however beyond the scope of this thread and not suitable for everyone, therefore you'd have to excuse me for not going into details here.
ok Rac. No problem. Thanks.

best regards.
  • #11,068
  • Jun 2, 2008 8:58pm Jun 2, 2008 8:58pm
Hey guys,
This is my first post. Excellent site and I just signed up to James16 group. I see a BEOB on the USD/CHF 4 Hr at a PPZ. Am I correct to say this is heading down to 1.0220 area?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 60 KB
  • #11,069
  • Jun 2, 2008 10:45pm Jun 2, 2008 10:45pm
Hello all. I'm new to the thread. I trade PA and S/R. Mainly Inside Bars lately. I look forward to chatting with everyone.

Cisco
{Promotion Removed}
  • #11,070
  • Jun 3, 2008 3:04am Jun 3, 2008 3:04am
Good morning. I am studying price action and I am just a beginner. I would like to start by thanking you all for the excellent posts and analyses I have read.

pipsja's and giraia's posts have raised a question. Could somebody take a stab at explaining how price action on the H4 chart can be traded off bars/candles like these with different data feed times?

Attached Image (click to enlarge)
Click to Enlarge Name: usd chf odl 3.gif Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usd chf alpari 3.gif Size: 16 KB


I would surmise that similar candle formations could occur on the daily or weekly. Is price action trading much more difficult than it looks?
Gone to a better place
  • #11,071
  • Jun 3, 2008 6:00am Jun 3, 2008 6:00am
Quoting smikester
Good morning. I am studying price action and I am just a beginner. I would like to start by thanking you all for the excellent posts and analyses I have read.

pipsja's and giraia's posts have raised a question. Could somebody take a stab at explaining how price action on the H4 chart can be traded off bars/candles like these with different data feed times?


I would surmise that similar candle formations could occur on the daily or weekly. Is price action trading much more difficult than it looks?
That's an awesome example Smikester.

Anyway, it's only a problem if you get upset about missing every decent move in the market. ....Really, if you think about it.

There are so many opportunities that you do catch to worry about it. Enough to make you consistent money anyway.

If you want to watch two different feeds though , do it. I wouldn't recommend the stress. Depends how busy you want to keep yourself.
Bundy's status today: "Waiting..."
  • #11,072
  • Jun 3, 2008 7:43am Jun 3, 2008 7:43am
Quote
Quote:
Originally Posted by smikester http://forexfactory.com/images/buttons/viewpost.gif
Good morning. I am studying price action and I am just a beginner. I would like to start by thanking you all for the excellent posts and analyses I have read.

pipsja's and giraia's posts have raised a question. Could somebody take a stab at explaining how price action on the H4 chart can be traded off bars/candles like these with different data feed times?


I would surmise that similar candle formations could occur on the daily or weekly. Is price action trading much more difficult than it looks?

That's an awesome example Smikester.

Anyway, it's only a problem if you get upset about missing every decent move in the market. ....Really, if you think about it.

There are so many opportunities that you do catch to worry about it. Enough to make you consistent money anyway.

If you want to watch two different feeds though , do it. I wouldn't recommend the stress. Depends how busy you want to keep yourself.
To me this is a good example of some failed trades. That SECOND PB looked like an A trade, and even came up, broke the high by 2 pips, before falling down hard. A conservative play where one places a limit buy above the PB high and a stop below the low would have just literally bought a high and sold a low. At least with the FIRST PB the nose was not broken, but still...

Any insight as to legitimate reasons to stay out of either of those would be great, or are these just "one of those trades"...
Attached Image (click to enlarge)
Click to Enlarge Name: UC.JPG Size: 56 KB
All I ask for is a chance to prove that money cannot make me happy.
  • #11,073
  • Jun 3, 2008 8:13am Jun 3, 2008 8:13am
Quoting raczekfx
Nice..
this chart is from May 29th (PF)

double top, 150, divergence, confluence....simply saying - trader's dream.....
.

Thanks raczekfx, But my 150 wasn't touching the bar it was bit higher I am using STS Finance feed and also can you expand a bit on Confluence (other than 150 in your case). Thanks for all you help to newbies .
  • #11,074
  • Jun 3, 2008 8:43am Jun 3, 2008 8:43am
Quoting raczekfx
because there is no pa.
I use aggressive trading technique from time to time (to complement PA to come) once I made up my mind re: trade direction. I called it R-1hr db in the PF. It is however beyond the scope of this thread and not suitable for everyone, therefore you'd have to excuse me for not going into details here.
Thanks Rac,
Hopefully I can join PF this year, still saving money for that.
  • #11,075
  • Jun 3, 2008 8:43am Jun 3, 2008 8:43am
this was all but a give me

4hr pb with a gap to close
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 11 KB
  • #11,076
  • Jun 3, 2008 9:31am Jun 3, 2008 9:31am
Hello marsh !

I was wondering the same thing, you might want to check post #11056 and then as an answer to that is post #11059 . Hope this helps.
  • #11,077
  • Jun 3, 2008 9:38am Jun 3, 2008 9:38am
Quoting Marsh
To me this is a good example of some failed trades. That SECOND PB looked like an A trade, and even came up, broke the high by 2 pips, before falling down hard. A conservative play where one places a limit buy above the PB high and a stop below the low would have just literally bought a high and sold a low. At least with the FIRST PB the nose was not broken, but still...

Any insight as to legitimate reasons to stay out of either of those would be great, or are these just "one of those trades"...
Hey

If you look at the next bar after the pinbar, neither broke the pinbar low(in first case) and high in second case. A good deal of us(if not most) cancel our orders if the next bar does not trigger (the low or high). A pinbar is not valid unless it does break the low/high.

I personally do at least

Take care
Mike
  • #11,078
  • Jun 3, 2008 10:20am Jun 3, 2008 10:20am
Quoting mbqb11
Hey

If you look at the next bar after the pinbar, neither broke the pinbar low(in first case) and high in second case. A good deal of us(if not most) cancel our orders if the next bar does not trigger (the low or high). A pinbar is not valid unless it does break the low/high.

I personally do at least

Take care
Mike
but if it form another price action, like a IB, don't you trade it?

thanks in advance.
  • #11,079
  • Jun 3, 2008 11:46am Jun 3, 2008 11:46am
Just wanted to throw this up here as well after already posting it to my "fundamentals denial" 1kT thread

Retrace between .382 - .50 fib, former lows, round 1.56 number, pin bar, drop.

Sometimes it's good to forget news exist

But they can accelerate things quite a bit!

Edit: LOL Jim just made the exact same chart
(just with s/r preferred through 1.56 - and I left out the fib in this one)

*supergrin* Talk about timing!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_80603_4h_pb_not_ben.gif Size: 28 KB
Trust price. Know yourself.
  • #11,080
  • Edited 12:41pm Jun 3, 2008 12:20pm | Edited 12:41pm
Quoting SeekingLight
Just wanted to throw this up here as well after already posting it to my "fundamentals denial" 1kT thread

Retrace between .382 - .50 fib, former lows, round 1.56 number, pin bar, drop.

Sometimes it's good to forget news exist

But they can accelerate things quite a bit!

Edit: LOL Jim just made the exact same chart
(just with s/r preferred through 1.56 - and I left out the fib in this one)

*supergrin* Talk about timing!
Hehe, that little "we don't need Ben" comment made me laugh. Great post.
The basis of a democratic state is liberty. ~ Aristotle
161 traders viewing now