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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

  • #23,381
  • Mar 9, 2009 10:17pm Mar 9, 2009 10:17pm
To the regulars,

I see two interesting inside bars on GJ H1 , one of which is a doji, can anyone explain how to play these breaks ?

Its been after a big run down, and i assume this should continue but how best to play it ?

  • #23,382
  • Mar 9, 2009 10:22pm Mar 9, 2009 10:22pm
Quoting pipmyride
To the regulars,

I see two interesting inside bars on GJ H1 , one of which is a doji, can anyone explain how to play these breaks ?

Its been after a big run down, and i assume this should continue but how best to play it ?

Have you proven yourself on daily and 4 hour yet?
  • #23,383
  • Mar 9, 2009 11:29pm Mar 9, 2009 11:29pm
Quoting mbqb11
Hey Matt,

Yes a lot of us use TLs here too. In your case above they are good when looking for additional confluence to support a trade idea. I only like the really obvious ones, and also use them to trade breakouts off. James only uses horizontal support/resistance. I like trendlines when they are used in the most simplistic obvious way.

Thanks for sharing, and I agree with your usd/jpy analysis

Mike
Thanks Mike,
Sometimes they are just too darn obvious to ignore

Matt
Without women, money would have no meaning - Aristotle Onassis
  • #23,384
  • Mar 10, 2009 12:36am Mar 10, 2009 12:36am
Does anyone know how to add more stock symbols in addition to the default ones provided on FXPRO metatrader
  • #23,385
  • Mar 10, 2009 1:39am Mar 10, 2009 1:39am
nice beob on the 4h gb/yen. 20 mins till close
PATIENCE... DISCIPLINE
  • #23,386
  • Mar 10, 2009 2:04am Mar 10, 2009 2:04am
Quoting g_j_hook@yah
nice beob on the 4h gb/yen. 20 mins till close
Yes it is, though not at PPZ. I am interpreting it as a continuation signal as I am short from the breakout below the blue box.
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  • #23,387
  • Mar 10, 2009 2:22am Mar 10, 2009 2:22am
Quoting johnnyonspot
Yes it is, though not at PPZ. I am interpreting it as a continuation signal as I am short from the breakout below the blue box.
ppz to die for my friend
EDIT: one thing i would say though is that it could be forming some bullish div.?? not confirmed
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 4hour.jpg Size: 145 KB
PATIENCE... DISCIPLINE
  • #23,388
  • Mar 10, 2009 2:36am Mar 10, 2009 2:36am
Quoting g_j_hook@yah
ppz to die for my friend
EDIT: one thing i would say though is that it could be forming some bullish div.?? not confirmed
I went back and looked and there is a flip zone there on the daily. I drew my PPZs using the weekly zoomed out, like Clockwork71 recommends, and did not have one where this PA is forming.
  • #23,389
  • Mar 10, 2009 2:43am Mar 10, 2009 2:43am
plus 2 fibs from run up and a nice round number break. could be a repeat of yesterday???hope sosorry gb
Quoting johnnyonspot
I went back and looked and there is a flip zone there on the daily. I drew my PPZs using the weekly zoomed out, like Clockwork71 recommends, and did not have one where this PA is forming.
PATIENCE... DISCIPLINE
  • #23,390
  • Mar 10, 2009 3:02am Mar 10, 2009 3:02am
I'd move my stop to just above that bar.
  • #23,391
  • Mar 10, 2009 4:46am Mar 10, 2009 4:46am
EJ 4H BEOB
  • #23,392
  • Mar 10, 2009 5:02am Mar 10, 2009 5:02am
EurGbp 4H pin, 1H divergence
  • #23,393
  • Mar 10, 2009 5:17am Mar 10, 2009 5:17am
Quoting enculée
EJ 4H BEOB
I like this one at triple top - what would you be TP ?

I have a simple upper TL at around 122.
  • #23,394
  • Mar 10, 2009 5:23am Mar 10, 2009 5:23am
also beob on 4h chf/yen,just broke. loads a div, good level.
EDIT: added chart
after thought...expect suprises
Attached Image (click to enlarge)
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PATIENCE... DISCIPLINE
  • #23,395
  • Mar 10, 2009 5:58am Mar 10, 2009 5:58am
Quoting pipmyride
I like this one at triple top - what would you be TP ?

I have a simple upper TL at around 122.
about 124 should be possilbe
  • #23,396
  • Mar 10, 2009 6:38am Mar 10, 2009 6:38am


hi folks, is this an 8 hour pin?? looks good to me.can anyone comment??!!
thanx

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PATIENCE... DISCIPLINE
  • #23,397
  • Mar 10, 2009 7:07am Mar 10, 2009 7:07am
Quoting g_j_hook@yah


hi folks, is this an 8 hour pin?? looks good to me.can anyone comment??!!
thanx

Sure is mate

Regards,
Ghous.
I believe . . .
  • #23,398
  • Mar 10, 2009 7:08am Mar 10, 2009 7:08am
Quoting g_j_hook@yah


hi folks, is this an 8 hour pin?? looks good to me.can anyone comment??!!
thanx

Here is what I see on one of my 4 hour charts. This bar was completed 3 hours ago (so the current bar will be complete in 1 hour). I'm not in a trade.

Josh
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 031009_4hour_3.GIF Size: 44 KB
  • #23,399
  • Mar 10, 2009 7:11am Mar 10, 2009 7:11am
thanx
PATIENCE... DISCIPLINE
  • #23,400
  • Mar 10, 2009 8:57am Mar 10, 2009 8:57am
Looks like a nice pinbar to me, but again some PPZ there.
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