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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

  • #19,861
  • Jan 29, 2009 7:00am Jan 29, 2009 7:00am
Quoting Piproo
Jarroo, may I ask whether u using 2 set of MT4 with different data feed? as I noticed some time ur 4hr chart same as my and some time not.

thx
I look at IBFX, Alpari, FxPro, ODL, AccuCharts, FXDD just to see Price chopped up differently.
Indicators show the past. Price Action "Indicates" the future.
  • #19,862
  • Jan 29, 2009 7:19am Jan 29, 2009 7:19am
Quoting jarroo
I look at IBFX, Alpari, FxPro, ODL, AccuCharts, FXDD just to see Price chopped up differently.
So you picking the best PA setups for h4 from different mt4?
  • #19,863
  • Jan 29, 2009 7:27am Jan 29, 2009 7:27am
Quoting jarroo
Well, they didn't fail by breaking the top of the PB. But failed in the sense that they did break hard on the next bar like they would do in a strong trend continuation. So maybe the trend is going the other way. We shall see.
Which Pbs are you referring to Jarroo? The daily Pb?

I am not sure what to make out as yet...but a blurred guess is the continuation of the downtrend, the Pb on the daily broke but what's important is the bar that broke it, was another Pin bar...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 10 KB
I believe . . .
  • #19,864
  • Jan 29, 2009 7:48am Jan 29, 2009 7:48am
hi all,

for those who love to play PA arround round number attached is the indicator.

set the number & tf u like. enjoy it.

thnx
Attached File(s)
File Type: mq4 Grid_v1_0.mq4   6 KB | 576 downloads
  • #19,865
  • Jan 29, 2009 8:11am Jan 29, 2009 8:11am
Here is my next trade...

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 27 KB
  • #19,866
  • Jan 29, 2009 8:23am Jan 29, 2009 8:23am
I see you’re a great trader Sherm (especially considering your age) but am a little confused as to why you post here when the thread is about bar formations?
Quoting Shermenator
I also dont trade a specif candle formation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #19,867
  • Jan 29, 2009 8:33am Jan 29, 2009 8:33am
hi Shermenator,

i have sent PM for you.

thnx
  • #19,868
  • Jan 29, 2009 8:36am Jan 29, 2009 8:36am
Quoting Bones
I see you’re a great trader Sherm (especially considering your age) but am a little confused as to why you post here when the thread is about bar formations?
Its about price action .....a candle simply shows buyers and sellers...I look at a chart to see that and not just a candle as one...I look at the background but dont need a candle formation to see the rythem in the chart...if the candle takes places its simply part of the rythem...and its all as one...
  • #19,869
  • Jan 29, 2009 8:44am Jan 29, 2009 8:44am
Quoting Shermenator
Here is my next trade...

Attachment
Alright guys won my usdchf long...take care guys

Letting the rest run

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 27 KB
  • #19,870
  • Jan 29, 2009 9:15am Jan 29, 2009 9:15am
Quoting Shermenator
Alright guys won my usdchf long...take care guys

Letting the rest run

Attachment
may I ask where was ur sl on ur Short u/chf trade? as u got 2 pb there.

also for ur long trade, u got in basing on 1hr PB? and where was ur sl on long then? I got stopped out in 1hr even I entered on very low retrace entry.

Cheers
  • #19,871
  • Jan 29, 2009 9:17am Jan 29, 2009 9:17am
Quoting Piproo
may I ask where was ur sl on ur Short u/chf trade?

Cheers
Took profit and took break even on it....alright out of it...I made the money earlier today on the short though
  • #19,872
  • Edited 9:22am Jan 29, 2009 9:21am | Edited 9:22am
Just posted this on the "Cable Update" thread.

Would this be correct?

Wouldn't this be down for the time being at least. There is a nice BEOB(Bearish Outside Bar) on the hour, well according to the James16 teachings. Additionaly a nice Pin Bar on the 15m. Hit the 61.8 fib on the daily from the 16th of Jan. A bit of a confluence of fibs there -ish 50% fib from 8th of Jan on the Daily.
Anyway just an opinion.

Additional to this, although early days/hours but on my chart there is a BEOB shaping up on the Daily if it continues south.
Just something to watch guys n gals, profit locked in on my south journey for however it long it lasts.
Le singe est dans l'arbre
  • #19,873
  • Jan 29, 2009 9:49am Jan 29, 2009 9:49am
Quoting ghous
It will only allow you to do that manually, you cannot place any command to close part of your position automatically at a determined price. It's really ridiculous though...

Yeah, It would be graet if MT4 allow us t odo that. Basicly it's one of the reason we should split lot positions...
  • #19,874
  • Edited 10:44am Jan 29, 2009 10:23am | Edited 10:44am
hi everyone,nice lookin pin on the us/chf hourly charts .
fib confluence,ppz and bullish div. on bothj rsi and stochs.
must say though the longer term charts look pretty bearish to me???

EDIT: long @11471
stop = 1.1420
tp = 1.1560
Attached Image (click to enlarge)
Click to Enlarge Name: us.chfpin.jpg Size: 138 KB
PATIENCE... DISCIPLINE
  • #19,875
  • Edited 12:01pm Jan 29, 2009 11:45am | Edited 12:01pm
Quoting ghous
Which Pbs are you referring to Jarroo? The daily Pb?

I am not sure what to make out as yet...but a blurred guess is the continuation of the downtrend, the Pb on the daily broke but what's important is the bar that broke it, was another Pin bar...
You are right about that. I quess a completed failure of the PBs would have meant that Price is going the way. Pin Bars rule.
Indicators show the past. Price Action "Indicates" the future.
  • #19,876
  • Jan 29, 2009 11:55am Jan 29, 2009 11:55am
Quoting g_j_hook@yah
hi everyone,nice lookin pin on the us/chf hourly charts .
fib confluence,ppz and bullish div. on bothj rsi and stochs.
must say though the longer term charts look pretty bearish to me???

EDIT: long @11471
stop = 1.1420
tp = 1.1560
I don't like the traffic The Pin bar seems to be in let alone the huge ppz sone right above it, when playing these on a tf as low as the 1H, you need to be extra careful, hope you atleast took some off the table around 1.15.

Cheers.

Regards,
Ghous.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 15 KB
I believe . . .
  • #19,877
  • Jan 29, 2009 11:56am Jan 29, 2009 11:56am
EU forming a pin on hourly. Still few minutes to go. Also it is at Daily S2.
  • #19,878
  • Jan 29, 2009 11:57am Jan 29, 2009 11:57am
Quoting jarroo
You are right about that. I quess I completed failure of the PBs would have meant that Price is going the way. Pin Bars rule.
.

I believe . . .
  • #19,879
  • Jan 29, 2009 12:01pm Jan 29, 2009 12:01pm
Quoting ffbk
EU forming a pin on hourly. Still few minutes to go. Also it is at Daily S2.
OK. No PB here.
  • #19,880
  • Edited 12:36pm Jan 29, 2009 12:20pm | Edited 12:36pm
Quoting ghous
I don't like the traffic The Pin bar seems to be in let alone the huge ppz sone right above it, when playing these on a tf as low as the 1H, you need to be extra careful, hope you atleast took some off the table around 1.15.

Cheers.

Regards,
Ghous.
hey Ghous, check my chart i must have read your mind!!
i had hoped for a retest of those last highs but kinda saw it coming also.i closed the last small portion because i lost confidence in the trade.
i got a better run on the euro short from just under 1.3100
thanx for your time, i always read your posts with interest.please keep them comin.
jon
EDIT: how do i post oanda charts?? i cant upload the onenote file of xpwriter file
EDIT: i closed half at 1.1500 and the rest around 1.1520
PATIENCE... DISCIPLINE
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