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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

  • #24,341
  • Mar 20, 2009 11:27am Mar 20, 2009 11:27am
Quoting supremeChaos
HipsterPipster,
"nice" is an understatement.
let's see what the next 1-2weeks will bring. 1.40 onwards so soon?

between 1.32-1.35 would be a discount buy, i think. 1.29-1.32... a huge bargain?
That could happen, but remember we trade based on our beliefs. Careful we don't count them as fact.
  • #24,342
  • Mar 20, 2009 11:30am Mar 20, 2009 11:30am
HipsterPipster,
thanks, aware of that.
  • #24,343
  • Mar 20, 2009 11:42am Mar 20, 2009 11:42am
Quoting supremeChaos
HipsterPipster,
thanks, aware of that.
Glad to hear you are aware.
  • #24,344
  • Mar 20, 2009 11:47am Mar 20, 2009 11:47am
Is this a failed pinbar? or anyone will take this trade?

the white arrow.

USD/JPY Daily

http://i43.tinypic.com/f4o9cl.jpg
  • #24,345
  • Mar 20, 2009 11:54am Mar 20, 2009 11:54am
Quoting Chisan
Is this a failed pinbar? or anyone will take this trade?

the white arrow.

USD/JPY Daily

http://i43.tinypic.com/f4o9cl.jpg
Hey chisan

See how the open and close are in the middle of the bar, and you have noses of about equal length protruding from both sides. This is a neutral bar(shows indecision in the market)

Best
Mike
  • #24,346
  • Mar 20, 2009 11:57am Mar 20, 2009 11:57am
Quoting mbqb11
Hey chisan

See how the open and close are in the middle of the bar, and you have noses of about equal length protruding from both sides. This is a neutral bar(shows indecision in the market)

Best
Mike
thanks for the reply.

'See how the open and close are in the middle of the bar' what will the be the best scenario? open and close at the end on the bar?

'you have noses of about equal length protruding from both sides' can you elaborate more on this?
  • #24,347
  • Mar 20, 2009 12:08pm Mar 20, 2009 12:08pm
Quoting Chisan
thanks for the reply.

'See how the open and close are in the middle of the bar' what will the be the best scenario? open and close at the end on the bar?

'you have noses of about equal length protruding from both sides' can you elaborate more on this?
see in chart 1 how the open and close are near the top portion of the bar. This is a requirement(to be near the upper portion for a bullish pin, and lower portion for a bearish pin. As the open and close get more near the middle of the bar like your usd/jpy that goes from a pinbar to a neutral bar. Pin bars have long noses protruding from just one end. Neutral bars have tails on both ends created by open and close being near middle of bar(see chart).

Hope that helps


Mike
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  • #24,348
  • Mar 20, 2009 12:16pm Mar 20, 2009 12:16pm
Quoting mbqb11
see in chart 1 how the open and close are near the top portion of the bar. This is a requirement(to be near the upper portion for a bullish pin, and lower portion for a bearish pin. As the open and close get more near the middle of the bar like your usd/jpy that goes from a pinbar to a neutral bar. Pin bars have long noses protruding from just one end. Neutral bars have tails on both ends created by open and close being near middle of bar(see chart).

Hope that helps


Mike
thank you. understood fully now. btw i saw on your chart you have a countdown timer to the bar to end. what is the name of that indicator?
  • #24,349
  • Mar 20, 2009 12:17pm Mar 20, 2009 12:17pm
Quoting Chisan
thank you. understood fully now. btw i saw on your chart you have a countdown timer do the bar to end. what indicator is that?

here ya go
Attached File(s)
File Type: mq4 EJ_CandleTime.mq4   2 KB | 765 downloads
  • #24,350
  • Mar 20, 2009 12:21pm Mar 20, 2009 12:21pm
Quoting mbqb11
here ya go
thank you mr. nice guy!
  • #24,351
  • Mar 20, 2009 1:04pm Mar 20, 2009 1:04pm
Quoting HipsterPipster
Joe, I just wanted to point out that your trade has moved nicely. Good job and I hope you grabbed some.
I moved my stop tp BE+1 and went to sleep. I awoke stopped out but well rested. Sometimes I wonder if there is too much discretion in my methods.
  • #24,352
  • Mar 20, 2009 1:08pm Mar 20, 2009 1:08pm
Quoting supremeChaos
HipsterPipster,

ghous,
negotiation? could be a "rest"/ time for price to relax a bit after the big run up.

...
Yeah I am not really pointing at any reversal, (though this area aroubd 1.37 - 1.39 is pretty much capable of supplying all that a proper reversal may require) All I want is my pips, either from a pullback or the early part of a 2000 pip reversal

C ya later!
I believe . . .
  • #24,353
  • Mar 20, 2009 3:03pm Mar 20, 2009 3:03pm
CHART
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  • #24,354
  • Mar 20, 2009 3:20pm Mar 20, 2009 3:20pm
Nice divergence in Dow daily indicating a nice move up....
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It's all about cautious - and highly educated - wagering on probabilities.
  • #24,355
  • Mar 20, 2009 3:36pm Mar 20, 2009 3:36pm
I was wondering what does everyone think of the daily pin that's formed on EUR/NOK (Euro vs. Norweigian Kroner)?

I really like this one! It is bouncing off the round number support and PPZ area around 8.5000 going back to 11/08. As of now it is closing within the previous bar...I think it's definitely one to keep an eye on for next week. Yes, I know the bar is like 1700 pips but a pip is "cheap" in this pair only worth $0.15 per mini lot and I think with proper MM this pair is definitely tradeable in daily charts.
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  • #24,356
  • Mar 20, 2009 4:12pm Mar 20, 2009 4:12pm
Quoting james16
CHART
hi Jim or anyone
where can i pick a sevice provider for these FUTURES charts
thanks in advance

baz

ps anyone heard of Ken Roberts ?
  • #24,357
  • Mar 20, 2009 4:22pm Mar 20, 2009 4:22pm
you can get end of day charts for futures and stocks many places.

ken has been around a long time. many love him and many dont.

he has a great tools section to his site which i have used for years that runs 30 a month.

I AM NOT recomending anything he sells. anyone considering that needs to do there own research.

jim





Quoting baz
hi Jim or anyone
where can i pick a sevice provider for these FUTURES charts
thanks in advance

baz

ps anyone heard of Ken Roberts ?
  • #24,358
  • Mar 20, 2009 4:34pm Mar 20, 2009 4:34pm
Quoting baz
hi Jim or anyone
where can i pick a sevice provider for these FUTURES charts
thanks in advance

baz

ps anyone heard of Ken Roberts ?
Hello baz and welcome,
I don't have my laptop in front of me but I have an fxpro demo on there.They had a handful of futures with it...can't remember really which ones besides the DJ.I think wheat was one of them and a few others.Check them out..Hope this helps!
  • #24,359
  • Mar 20, 2009 4:41pm Mar 20, 2009 4:41pm
Quoting james16
CHART
Hello Jim,
Nice to see another chart.I have a question.The last two entries are really not swing highs ..are they?This is something that comes with practice I guess to notice what is reliable and what is not.Thanks for your insight Jim!Have a great weekend!...Josh
  • #24,360
  • Mar 20, 2009 4:42pm Mar 20, 2009 4:42pm
Quoting jlmac27
Hello baz and welcome,
I don't have my laptop in front of me but I have an fxpro demo on there.They had a handful of futures with it...can't remember really which ones besides the DJ.I think wheat was one of them and a few others.Check them out..Hope this helps!
ok thanx buddy

baz
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