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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

  • #14,801
  • Oct 30, 2008 7:22am Oct 30, 2008 7:22am
Quoting Goozman
There's a nice PB on the Silver 3h (for Oanda users) & 4h chart.
The red line - 200 EMA, the other line - 200 SMA.
The PB looks like a rejection in that area. With MACD also positive on these time frames, I'd say it's a nice setup worth at least 40 - 50 cents (also taking into consideration how choppy silver is, after this break higher it could use the retracement).

Attachment Attachment
Nice heads up Gooz. Thanks.
Bundy's status today: "Waiting..."
  • #14,802
  • Oct 30, 2008 7:40am Oct 30, 2008 7:40am
Hey Jarroo.

There is a sequence of PIBS in USD/JPY H4, Are you going to play on this?

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #14,803
  • Oct 30, 2008 7:41am Oct 30, 2008 7:41am
Quoting bundyraider
Nice heads up Gooz. Thanks.
Thanks bundy and Gooz.

Looks like we will have to wait and see if the Daily closes as a Pin Bar with the trend (ghous). Off a nice PPZ on the Daily.
Indicators show the past. Price Action "Indicates" the future.
  • #14,804
  • Oct 30, 2008 7:42am Oct 30, 2008 7:42am
Quoting bundyraider
Nice heads up Gooz. Thanks.
Not exactly the tidiest of patterns on the lower time frames here. If it retraces this formation well, I might be more inclined to do something. If I'm around.
Bundy's status today: "Waiting..."
  • #14,805
  • Oct 30, 2008 7:53am Oct 30, 2008 7:53am
Quoting Almfx
Hey Jarroo.

There is a sequence of PIBS in USD/JPY H4, Are you going to play on this?

ALM
Gotta a chart? I'm not seeing these PINS your talking about.
Indicators show the past. Price Action "Indicates" the future.
  • #14,806
  • Oct 30, 2008 7:56am Oct 30, 2008 7:56am
Silver is not very tidy in general. But it usually follows through on the signals it gives. Well most of the time. Let's see how this one plays out.

PS: I like silver because it always managed to test my patience to the limits, as it moves extremely slow.
  • #14,807
  • Oct 30, 2008 8:03am Oct 30, 2008 8:03am
Quoting Goozman
Silver is not very tidy in general. But it usually follows through on the signals it gives. Well most of the time. Let's see how this one plays out.

PS: I like silver because it always managed to test my patience to the limits, as it moves extremely slow.
Sounds like you know it better than I do.

The last time I traded silver it was good to me though.

I might start studying it more.
Bundy's status today: "Waiting..."
  • #14,808
  • Edited 8:26am Oct 30, 2008 8:10am | Edited 8:26am
Quoting jarroo
Gotta a chart? I'm not seeing these PINS your talking about.
1 hour chart below shows the crowding around the trend line before a likely break.

The 4 hour bars aren't pins. They're neutral.
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Bundy's status today: "Waiting..."
  • #14,809
  • Oct 30, 2008 8:28am Oct 30, 2008 8:28am
Quoting bundyraider
1 hour chart below shows the crowding around the trend line before a likely break.

The 4 hour bars aren't pins. They're neutral.
Thanks bundy.

No obvious PA on the Daily or Weekly time frames. The big 4 hour PB a few days ago may give the hint and still be in play. 4 hour IBs to the down side only could be a possible trade with tight stops.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #14,810
  • Oct 30, 2008 8:29am Oct 30, 2008 8:29am
Just what wanted to ask for opinions on the BEOB and DBHLC and PB on the 4hrly charts for Jpy and chf pairs and eurusd (8hrly).
Seems like we have a retracement at ppz with trend continuation here

Have attached Eur jpy as example
Attached Image (click to enlarge)
Click to Enlarge Name: example1.gif Size: 13 KB
  • #14,811
  • Oct 30, 2008 8:40am Oct 30, 2008 8:40am
Quoting drtrade
Just what wanted to ask for opinions on the BEOB and DBHLC and PB on the 4hrly charts for Jpy and chf pairs and eurusd (8hrly).
Seems like we have a retracement at ppz with trend continuation here

Have attached Eur jpy as example
i have short orders on Gbp/Jpy and Chf/jpy BEOBs and the DBLHCs on the Eur/jpy and GBp/usd, only the Gu short has triggered for now.

My first trade in 8 days
I believe . . .
  • #14,812
  • Oct 30, 2008 8:49am Oct 30, 2008 8:49am
Hi everyone.

I am one of those who just finished detaching myself from indicators and finally giving in to PA. I see this thread has grown gigantic and believe it is proof of its consistency. I have studied the pdf docs about Pinbars. Is there any similar documents on double bar high/lows that someone can point me to?
Please pull my head out of my ass, I am running out of oxygen...
  • #14,813
  • Oct 30, 2008 8:50am Oct 30, 2008 8:50am
Nice call ghous.
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Indicators show the past. Price Action "Indicates" the future.
  • #14,814
  • Oct 30, 2008 8:55am Oct 30, 2008 8:55am
Hey ghous, you may have been just a day early. Like to see this close a PB with the trend.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #14,815
  • Oct 30, 2008 9:03am Oct 30, 2008 9:03am
Eur/Usd could become PB (very long nose can be seen) on Daily TF
Lets wait until weekend to see hoe plays out..!!

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #14,816
  • Oct 30, 2008 9:05am Oct 30, 2008 9:05am
Quoting Almfx
Eur/Usd could become PB (very long nose can be seen) on Daily TF
Lets wait until weekend to see hoe plays out..!!

ALM
On the watch list Alm.
Indicators show the past. Price Action "Indicates" the future.
  • #14,817
  • Oct 30, 2008 9:14am Oct 30, 2008 9:14am
Gbp/Jpy bounces the previous support (current resistance), also 61.8 retracement level to the South on the Daily TF... Any Opinions..

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #14,818
  • Oct 30, 2008 9:53am Oct 30, 2008 9:53am
Quoting ghous
i have short orders on Gbp/Jpy and Chf/jpy BEOBs and the DBLHCs on the Eur/jpy and GBp/usd, only the Gu short has triggered for now.

My first trade in 8 days
Ghous, what time frame did you catch these PA set-ups?

Just trying to see if I am over looking something.
  • #14,819
  • Oct 30, 2008 10:00am Oct 30, 2008 10:00am
Quoting jarroo
Hey ghous, you may have been just a day early. Like to see this close a PB with the trend.
this is exactly what i was looking to do fine tune an entry based on a larger tf but fine tuned with a smaller one. I was watching the 4H because i had a strong feeling that we could end up with some bearish action confirming a daily pin given the strong Fib confluence on the daily.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 9 KB
I believe . . .
  • #14,820
  • Oct 30, 2008 10:05am Oct 30, 2008 10:05am
Quoting unlv_tj
Ghous, what time frame did you catch these PA set-ups?

Just trying to see if I am over looking something.
I caught these of the 4H chart. I like to be on the daily mostly my origins for each of these and many of my trades come from the daily tf, i posted a few charts earlier and a post ago posted the Gu chart up. It's clearly visible that we are standing right on top of the Infamous Fib confluence, with some time to watch the markets today i could afford to hang around the 4H for an early signal. But this is not the norm mostly i am not as free lol! In that case i would have just waited for the daily bar to close as a pinbar in each of these confluence setups and would have taken the trade then.

Regards,
Ghous.,
I believe . . .
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