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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

  • #22,681
  • Feb 27, 2009 6:54am Feb 27, 2009 6:54am
Quoting simoncs
yup - been watchin for a break of this TL - took the 1hr pin using the IB on 4hr as another reason

already out for 50pips though as i am also short gbpjpy and gbpusd - so too much profit on the table.

bit sily though as i am fairly certain it will end up at about 635 area
nice trade mate
PATIENCE... DISCIPLINE
  • #22,682
  • Feb 27, 2009 6:55am Feb 27, 2009 6:55am
Here's my early entry on this Pin bar, already took some profit, locked in break even and waiting for the target to be reached. Any comments would be great
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  • #22,683
  • Feb 27, 2009 7:15am Feb 27, 2009 7:15am
Quoting ghous
They can be played normally, I don't trade them very often and will take em' only if they really appeal.

You just take the break of the lower low or the higher high on the 2 bars.
Thank you ghous, I often see them. I haven't demo it but I think they got more power on 4 h or above...
  • #22,684
  • Feb 27, 2009 7:21am Feb 27, 2009 7:21am
Quoting g_j_hook@yah
nice trade mate

thanks - but oh look where it ended up

will keep an eye out for PA here as this is a TL and PPZ meeting point
  • #22,685
  • Edited 7:38am Feb 27, 2009 7:26am | Edited 7:38am
Quoting datogio
Here's my early entry on this Pin bar, already took some profit, locked in break even and waiting for the target to be reached. Any comments would be great
Hi dotagio, Im not a pro here but IMO you took a very agressive entry, PB shoud be play it after it brakes the high or low (this case high). Some more experience traders here also play the retracement after the brake of the PB.

Other thing I notice is the shape of the PB the larger is the nose the better in this case it's a neutral bar for me...

Just my 2 pips...
  • #22,686
  • Feb 27, 2009 7:26am Feb 27, 2009 7:26am
Quoting simoncs
thanks - but oh look where it ended up

will keep an eye out for PA here as this is a TL and PPZ meeting point
in these situations i always remind myself i miss 1000s of pips everyday if you consider every move on every instrument!!! cant have them allsave some for me!!
PATIENCE... DISCIPLINE
  • #22,687
  • Feb 27, 2009 7:42am Feb 27, 2009 7:42am
Quoting trujillo1980
Hi dotagio, Im not a pro here but IMO you took a very agressive entry, PB shoud be play it after it brakes the high or low (this case high). Some more experience traders here also play the retracement after the brake of the PB.

Just my 2 pips...
I took that one on H8 pin break out, you're right it looks agressive on daily
  • #22,688
  • Feb 27, 2009 8:01am Feb 27, 2009 8:01am
Quoting datogio
I took that one on H8 pin break out, you're right it looks agressive on daily
looking good now !
i have bullish div. on my rsi on the daily tf......averything helps no??
PATIENCE... DISCIPLINE
  • #22,689
  • Feb 27, 2009 8:02am Feb 27, 2009 8:02am
New H1 pin on GJ - tail hits a rising TL and its pretty damn big .. but bearish sentiment has me hesitant.

Thoughts ?
  • #22,690
  • Feb 27, 2009 8:05am Feb 27, 2009 8:05am
Quoting g_j_hook@yah
looking good now !
i have bullish div. on my rsi on the daily tf......averything helps no??
Yup, should make a nice position and profit at the end
  • #22,691
  • Feb 27, 2009 8:09am Feb 27, 2009 8:09am
Quoting ghous
Did somebody catch this??

Ghous, could you please clarify this for me. It is my understanding that the use of the FIB in your chart is incorrect (top chart). When we are looking for PA to take this pair short, we need to have a FIB drawn from a High to a Low. This will show where the FIB ratios will be on the move higher, retracing the downmove.

My understanding then would be that the 50% FIB shown on your chart would be invalid, but the 38% FIB (shown on mine) would work.

In any case, this worked if you played it as an IB. (Being that there is so much traffic to the left, I didn't even consider it.)

Notice it stopped/hesitated exactly where us PA users figured it would!

Thanks for the clarification in advance and happy weekend everyone.

Josh
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  • #22,692
  • Feb 27, 2009 8:49am Feb 27, 2009 8:49am
Quoting pipmyride
New H1 pin on GJ - tail hits a rising TL and its pretty damn big .. but bearish sentiment has me hesitant.

Thoughts ?
Working pretty nicely
  • #22,693
  • Feb 27, 2009 9:09am Feb 27, 2009 9:09am
Hmmm double semi hammers on UsD/JPY... Tempted to cover my shorts here..... any thoughts?
Dr. C
  • #22,694
  • Feb 27, 2009 9:12am Feb 27, 2009 9:12am
gj.
.
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  • #22,695
  • Feb 27, 2009 9:22am Feb 27, 2009 9:22am
on my feed the yen crosses are forming v.nice looking pins. bars dont close for 40 mins yet though.
i perticularly liked the 1hour pin on au/yen,and the 4hour if it forms
PATIENCE... DISCIPLINE
  • #22,696
  • Feb 27, 2009 9:23am Feb 27, 2009 9:23am
That chart says everything. Watching the crosses S/R.
Mark, you went long again?


Quoting raczekfx;
gj.
.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #22,697
  • Feb 27, 2009 9:25am Feb 27, 2009 9:25am
dj.
.
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  • #22,698
  • Feb 27, 2009 9:25am Feb 27, 2009 9:25am
Quoting raczekfx
gj.
.
I thought it was one of these (purple lines) I just didn't know which one to wait for.
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Indicators show the past. Price Action "Indicates" the future.
  • #22,699
  • Feb 27, 2009 9:26am Feb 27, 2009 9:26am
Quoting raczekfx
dj.
.
There's my answer.
Indicators show the past. Price Action "Indicates" the future.
  • #22,700
  • Feb 27, 2009 9:27am Feb 27, 2009 9:27am
Quoting ikki
That chart says everything. Watching the crosses S/R.
Mark, you went long again?
not on yen.. missed my entry @ 137.
i'm long gu, eu, au and nu
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