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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

  • #23,321
  • Mar 8, 2009 11:24pm Mar 8, 2009 11:24pm
Quoting ghous
It really all depends on how you're implementing this stuff to your trading JLR, there are ppl Like Raczekfx that dont even need These James price bars to appear, there are some (Mr.Trend was an example) that will take the not so great looking PA setups too and they succeeded mostly because it was the location that they wanted perfect to enter a trade. We also have ppl like Mike who will discard the Pin if it fails to go up by 5 pips to help the bar fall into the proper definition of a pin bar.

None of these are wrong approached but for you none...

yes it does...

Ghous, you are on the right path as are many here....

cheers
Jeff
  • #23,322
  • Mar 9, 2009 2:48am Mar 9, 2009 2:48am
Thoughts on the looooong tail pin on GU H1 nearly closed ?
  • #23,323
  • Mar 9, 2009 3:18am Mar 9, 2009 3:18am
I dont see it, post a chart?
  • #23,324
  • Mar 9, 2009 3:34am Mar 9, 2009 3:34am
Quoting pipmyride
Thoughts on the looooong tail pin on GU H1 nearly closed ?
Hi Pip, your pin bar low was broken by another bar which may pull back to form another pin bar. Notice that both bars peneterated an important support level. If this ongoing bar closes above that sup level would be great, given we have a double bottoms not fulfilled yet and given price moved down to close the open gap. Will soon see how things develop on this one.

Seb
  • #23,325
  • Mar 9, 2009 3:40am Mar 9, 2009 3:40am
ah, I see it now, my charts weren't updating.

It failed, as you probably know by now, and if you look at the 4H you'll see why.
  • #23,326
  • Mar 9, 2009 3:40am Mar 9, 2009 3:40am
Quoting seboileroom
Hi Pip, your pin bar low was broken by another bar which may pull back to form another pin bar. Notice that both bars peneterated an important support level. If this ongoing bar closes above that sup level would be great, given we have a double bottoms not fulfilled yet and given price moved down to close the open gap. Will soon see how things develop on this one.

Seb
Thanks seb,
I see the double bottom, this decline is pretty powerful though - will see where it finishes up.
  • #23,327
  • Mar 9, 2009 4:29am Mar 9, 2009 4:29am
Quoting pipmyride
Thanks seb,
I see the double bottom, this decline is pretty powerful though - will see where it finishes up.
1.4 seems well equipped to do the job...
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I believe . . .
  • #23,328
  • Mar 9, 2009 6:14am Mar 9, 2009 6:14am
Hello all,
Wanted to share something with you. I have been also using trendlines for sometime both long and short upper (opposite as well) myself for some time, not sure whether trend lines have been discussed that much here (other than side to side action) yet I have found this most helpful when trying to consider whether there has been a trend change. You can also incorporate fibs into the equation. Some may have thought that low around 96.50 may have broken the support area of 97 yet all it did was run "smack bang" into the upper tl. Does this method also consider these tl's as well ?
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Without women, money would have no meaning - Aristotle Onassis
  • #23,329
  • Mar 9, 2009 6:27am Mar 9, 2009 6:27am
Just wanted to add that I never considered this a reversal at that level with the upper tl having held, that only focused my mind on the bullish senario for the time being. The last res being that left tip at around 99 area. The uj is still bullish yet with major res ahead on the longer time frames at 100. Any comments appreciated....
Without women, money would have no meaning - Aristotle Onassis
  • #23,330
  • Mar 9, 2009 8:06am Mar 9, 2009 8:06am
Some nice moves today, near very interesting zones.. like on the USDCAD, EURGBP and GBPCHF; but no PA for now. Damn..
  • #23,331
  • Mar 9, 2009 8:32am Mar 9, 2009 8:32am
Bakko, you are thinking like a trader.......have patience and the market will come to you.
Just a quick question for the pro's on here .........do you use simple or EMAs when using MA's?
PA is where its at!!
  • #23,332
  • Mar 9, 2009 8:57am Mar 9, 2009 8:57am
nice moves indeed!!
heres one 4h beob i got in on. (closed now)
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PATIENCE... DISCIPLINE
  • #23,333
  • Mar 9, 2009 9:05am Mar 9, 2009 9:05am
heres the other.
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PATIENCE... DISCIPLINE
  • #23,334
  • Mar 9, 2009 9:10am Mar 9, 2009 9:10am
Quoting g_j_hook@yah
heres the other.
Nice.
I believe . . .
  • #23,335
  • Mar 9, 2009 9:38am Mar 9, 2009 9:38am
Hey guys, i have a question could be a strange question or a stupid one (I hope not ), Now we know that PA patterns may not appear at the same time on different brokers platforms, i.e. a pin bar or an IB on a given minute may appear on some platforms and not others due to different brokers feeds. I usually do my analysis on my demo accounts and only open my broker's platform to take the trade, so my question is: if i see a PA on one platform but not on the platform on which i will trade it, should i trade it? or it must exist on the platform which i am trading in order to be valid for trading?

Hope i made sense;

Seb
  • #23,336
  • Mar 9, 2009 9:46am Mar 9, 2009 9:46am
Looks like a pretty nice 4H PB closing soon. PPZ resistance waiting so it would not be a A+ trade but still looks good to me. Anyone else watching it too?
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  • #23,337
  • Mar 9, 2009 9:49am Mar 9, 2009 9:49am
Quoting ghous
Nice.
thanx ghous, what do you think of the 4h pin forming on us/ch??
15 mins to go on my feed. looks lovely to me??fib confluence and breaks a nice round number after the retrace of fridays slaughter
PATIENCE... DISCIPLINE
  • #23,338
  • Mar 9, 2009 9:56am Mar 9, 2009 9:56am
Quoting seboileroom
Hey guys, i have a question could be a strange question or a stupid one (I hope not ), Now we know that PA patterns may not appear at the same time on different brokers platforms, i.e. a pin bar or an IB on a given minute may appear on some platforms and not others due to different brokers feeds. I usually do my analysis on my demo accounts and only open my broker's platform to take the trade, so my question is: if i see a PA on one platform but not on the platform on which i will trade it, should i trade it? or it must exist on the platform which...
general rule of thumb is to trade what you see.
i use 2 tfs and trade them both if a nice signal is given. i also trade the 3hour bars on oanda.youll find they all even out and if you pick the best setups they will work more often than not.at least this is my opinion
PATIENCE... DISCIPLINE
  • #23,339
  • Mar 9, 2009 10:01am Mar 9, 2009 10:01am
Quoting seboileroom
Hey guys, i have a question could be a strange question or a stupid one (I hope not ), Now we know that PA patterns may not appear at the same time on different brokers platforms, i.e. a pin bar or an IB on a given minute may appear on some platforms and not others due to different brokers feeds. I usually do my analysis on my demo accounts and only open my broker's platform to take the trade, so my question is: if i see a PA on one platform but not on the platform on which i will trade it, should i trade it? or it must exist on the platform which...
In addition to what g_j says, remember we are not trading pinbars, we are trading s/r with confluence and confirmation. A pinbar is just one such type of confirmation.
  • #23,340
  • Mar 9, 2009 10:01am Mar 9, 2009 10:01am
I know this is a multiple posting but felt I had to do this...
I already posted this on the PF...

"
I reserve the right to change my mind on a whim. After all, I do Trade.

The Recent PA {over the last month or so if that's recent to you} has given me point to ponder.
Regardless of FA the USD has Gained accross the Board & I, thankfully, increased my cargo by playing in that direction.
NOW, after checking charts from TF's 15Min to 1 Month, it appears that is about to change.

You don't turn a MegaShip on a dime. It takes both Time & Distance.{Diplomats coming to agreement}

I now feel the Drift is in. We are aboard a vessel that is in the throws of pulling a 180. {possibly have been for a while already}
How long will it take? I don't know but know this;
Once the Bow is aligned it will be "Full Speed Ahead"

We all are now dancing over churned up waters. Be carefull not to fall Overboard.
"
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