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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

  • #23,461
  • Mar 11, 2009 9:39am Mar 11, 2009 9:39am
no becasue its not a pin bar on my feed ?
  • #23,462
  • Mar 11, 2009 10:05am Mar 11, 2009 10:05am
Quoting JhonMonsalve
Hi traders!

Is anybody watching this pin bar on GU 4h?

Chart:

Attachment

Jhon
Its a PB on my feed but nothing I would trade as the PPZ is immediately below as far as I am seeing it.
  • #23,463
  • Mar 11, 2009 11:10am Mar 11, 2009 11:10am
Quoting JhonMonsalve
Hi traders!

Is anybody watching this pin bar on GU 4h?

Chart:

Attachment

Jhon
This didn't end up closing as a pinbar on my feed. It also didn't form at a swing high. Plus as mentioned, it's right at a PPZ zone. I've found it necessary to be extra picky in recent days, as the signals just aren't very clear... Oh yeah, and stick to day/week charts.

Josh
Attached Image (click to enlarge)
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  • #23,464
  • Mar 11, 2009 11:34am Mar 11, 2009 11:34am
Attached Image (click to enlarge)
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4 hr pin setting up, right off 50/61.8 mid pt fib. Also is decent PPZ area, and round number. Trading into some traffic though. Will watch
  • #23,465
  • Mar 11, 2009 11:34am Mar 11, 2009 11:34am
Someone can explain these movements on yen crosses???

(I'm on the daily CHF/JPY pin bar..yes it's not a perfect pin but yesterday i liked it )
  • #23,466
  • Mar 11, 2009 11:34am Mar 11, 2009 11:34am
Quoting Jduester
This didn't end up closing as a pinbar on my feed. It also didn't form at a swing high. Plus as mentioned, it's right at a PPZ zone. I've found it necessary to be extra picky in recent days, as the signals just aren't very clear... Oh yeah, and stick to day/week charts.

Josh
agreed Josh, we can't force the issue when the markets chop up

the signals will come


Mike
  • #23,467
  • Mar 11, 2009 11:46am Mar 11, 2009 11:46am
Quoting Jlr
Attachment

4 hr pin setting up, right off 50/61.8 mid pt fib. Also is decent PPZ area, and round number. Trading into some traffic though. Will watch
I keep a watch on that one too, but still more than an hour to go for me on the fxpro chart.

Look at the 1hr pb on crude oil (fx pro), I missed that but beautiful pinbar trade there.
  • #23,468
  • Mar 11, 2009 11:50am Mar 11, 2009 11:50am
What are the opinions on the 1hr pb on eur/usd? Looks to me like a bounce off PPZ and possible sign for some short selling.
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  • #23,469
  • Mar 11, 2009 11:51am Mar 11, 2009 11:51am
Quoting artov
I keep a watch on that one too, but still more than an hour to go for me on the fxpro chart.

Look at the 1hr pb on crude oil (fx pro), I missed that but beautiful pinbar trade there.
This is the only way I use pinbars as continuations in my intraday trading.

Large Round number/PPZ that is well defined. Large Pinbar is at a swing low, but price broke out and pulled back.

Then you would have to watch for the bar lows to move stop to b/e at the least.

But it is from my experience that unless you can learn to play pins at the best spots(swing highs /swing lows) for bearish/bullish respectfully, these continuation pins will eat you up....Especially on the lower timeframes.
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  • #23,470
  • Mar 11, 2009 11:52am Mar 11, 2009 11:52am
Quoting artov
What are the opinions on the 1hr pb on eur/usd? Looks to me like a bounce off PPZ and possible sign for some short selling.
Looks ok, I like the location a lot (same spot as the 8hr pin if you check your 4h charts, also decent PPZ and round number). Trades into loads of traffic though, not really worth it to me at least.
  • #23,471
  • Mar 11, 2009 11:53am Mar 11, 2009 11:53am
Quoting Jlr
Attachment 4 hr pin setting up, right off 50/61.8 mid pt fib. Also is decent PPZ area, and round number. Trading into some traffic though. Will watch
may form a daily pin as well.
  • #23,472
  • Mar 11, 2009 12:01pm Mar 11, 2009 12:01pm
Quoting Jlr
Looks ok, I like the location a lot (same spot as the 8hr pin if you check your 4h charts, also decent PPZ and round number). Trades into loads of traffic though, not really worth it to me at least.
yes you have to be so much more careful if you are trading into these areas on the 1hr. They can and will bounce time and time again. This is why James stresses the need for the higher timeframes(and why this type of post is made shortly after some 1hr charts ). These types of trades will more times then not give a trader hell over and over. The lower the timeframe the more picky I personally become, and strict on where I will take a trade.
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  • #23,473
  • Mar 11, 2009 12:13pm Mar 11, 2009 12:13pm
Been demoing this fade/buy support trading the last two days until a definitive setup shows up on the daily charts and this is showing some great promise . . . thanks guys for all you do . . .
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"Don't trade to trade . . . trade to win." - James16
  • #23,474
  • Mar 11, 2009 12:17pm Mar 11, 2009 12:17pm
Here was another good fade on mini dow futures . . .
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"Don't trade to trade . . . trade to win." - James16
  • #23,475
  • Mar 11, 2009 12:18pm Mar 11, 2009 12:18pm
Quoting Flem26
Been demoing this fade/buy support trading the last two days until a definitive setup shows up on the daily charts and this is showing some great promise . . . thanks guys for all you do . . .
Not to say your play is bad, but check out EUR/GBP daily and draw the line you'd look to fade there.... that was perfect imo. You got PPZ, round number, and most importantly lots more room to run. I think personally that was a more ideal play, the EUR/USD could make you something, but its more risky. Just demoing the same concept you are, looks promising, but still have yet to try it a whole lot.
  • #23,476
  • Mar 11, 2009 12:37pm Mar 11, 2009 12:37pm
Quoting Flem26
Here was another good fade on mini dow futures . . .
Very nice Flem

Just make sure you keep it to demo till you aquire loads and loads of success, "loads" is more of a cliche, I'd say heaps and heaps of success!

I made the mistake of going live with it a few months back when I had 2 consecutive 700 - 900 pip runners and i decided to get my feet wet on the live account, almost got rid of it

EDIT: I'd also recommend that you should first play around with this stuff on the daily, I am doing it on the daily too and it's easier ofcaorse. Just don't for any damn moment let Jim's words slip your mind. the Highers rule!

Best of luck,

Regards,
Ghous.
I believe . . .
  • #23,477
  • Mar 11, 2009 12:38pm Mar 11, 2009 12:38pm
Quoting Jlr
Not to say your play is bad, but check out EUR/GBP daily and draw the line you'd look to fade there.... that was perfect imo. You got PPZ, round number, and most importantly lots more room to run. I think personally that was a more ideal play, the EUR/USD could make you something, but its more risky. Just demoing the same concept you are, looks promising, but still have yet to try it a whole lot.
"Don't trade to trade . . . trade to win." - James16
  • #23,478
  • Mar 11, 2009 12:40pm Mar 11, 2009 12:40pm
Quoting ghous
Very nice Flem

Just make sure you keep it to demo till you can loads and loads of success, "loads" is more of a cliche, I'd say heaps and heaps of success!

I made the mistake of going live with it a few months back when I had 2 consecutive 700 - 900 pip runners and i decided to get my feet wet on the live account, almost got rid of it

Best of luck,

Regards,
Ghous.
you bet . . . r&d . . .
"Don't trade to trade . . . trade to win." - James16
  • #23,479
  • Mar 11, 2009 1:09pm Mar 11, 2009 1:09pm
Eur/Nzd...

Double top, divergence, 2 day great looking pin.
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I believe . . .
  • #23,480
  • Mar 11, 2009 1:26pm Mar 11, 2009 1:26pm
Quoting ghous
Eur/Nzd...

Double top, divergence, 2 day great looking pin.
Nice charts! I'll play it in my demo to see how this trade will develop..
What TP? I see first TP at 2,48 like you..then a minor PPZ at about 2,41..but it is a loooot of space betweem this target and the bottom of the 2-day pin..
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