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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

  • #25,921
  • Apr 2, 2009 4:34pm Apr 2, 2009 4:34pm
Quoting ghous
Great poet?...lol!
I'm a poet and don't even . . . realize it. lol
Indicators show the past. Price Action "Indicates" the future.
  • #25,922
  • Apr 2, 2009 4:39pm Apr 2, 2009 4:39pm
Quoting Jduester
We have a nice pinbar formation occuring at a channel high in the GBP/CAD.

Pros
- Great bar itself (O/C in prior body, good extention)
- Solid PPZ

Cons
- If we are in a channel, can we be at a swing high? I guess the last 4 bars have each made higher highs and higher lows...you're call.
- Blue line represents first TP at 1.81, which would only be about 50 pips beyond the entry, depending how far you play the break. 1.80 would be next level

After all we've discussed today, make your own decision on this one. Write down your thoughts. Will...
Looks good to me. Nice one Josh.
Indicators show the past. Price Action "Indicates" the future.
  • #25,923
  • Apr 2, 2009 4:46pm Apr 2, 2009 4:46pm
too small because 100 pips represents not enough money based on your lot size?

if your account size meant that those 100 pips had been worth 10 thousand dollars would it have been enough?

if it had been a ten grand profit would it have changed the way you handled this trade?

jim

Quoting makron
Ooops) I think that 100pips is too small fo weekly trade. And when price went against me, i opened second sell position on 50% retracement to pinbar. But had 2 loses... No problem for my money, i have a micro account. But problem for me... i miss again.
  • #25,924
  • Edited 5:09pm Apr 2, 2009 4:54pm | Edited 5:09pm
NZDCAD daily chart!

Later edit: Sorry! My mistake!You was right! It is NZDCAD! Not NZDUSD!
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  • #25,925
  • Apr 2, 2009 5:05pm Apr 2, 2009 5:05pm
Quoting oltciter
NZDUSD daily chart!
Nice, but that's the NZD/CAD not the NZD/USD...no?
Ghost Rider - WWTBMD?
  • #25,926
  • Apr 2, 2009 5:07pm Apr 2, 2009 5:07pm
Quoting oltciter
NZDUSD daily chart!
Welcome

I would call that more of a neutral bar, since the open and close are near the middle of the bar(meaning we have similar length tails from each end). Showing more indecision. Granted you did mark off where this would prob stall out if it did break lower. But I think we can get our money in better then that

Best
Mike
  • #25,927
  • Edited 5:10pm Apr 2, 2009 5:09pm | Edited 5:10pm
Quoting oltciter
NZDUSD daily chart!
Oltciter,
Welcome to the thread!

I like the location at the swing high and at a nice PPZ. I don't like the neutral bar on my feed, with a tail sticking both down and up...may never get triggered anyway actually.

Dinner time.

Josh

Edit: Ah, Mike and his quick fingers to post it first...
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  • #25,928
  • Apr 2, 2009 5:15pm Apr 2, 2009 5:15pm
off to softball.

another season starts tonight.

i pitch and bat 4.

im the oldest guy on the team and i can still hang with the pups. ( notice i didnt say i could run with them)

its one of the great joys of my life to out hit 20 year olds.

when your almost 49 and you can say that you will want to brag also.

years are running out on me so im not holding anything back at this point.

  • #25,929
  • Apr 2, 2009 5:17pm Apr 2, 2009 5:17pm
Thank you for advices! Sorry for my English!
I’m watching this thread for a long time!
  • #25,930
  • Apr 2, 2009 5:19pm Apr 2, 2009 5:19pm
Quoting james16
off to softball.

another season starts tonight.

i pitch and bat 4.

im the oldest guy on the team and i can still hang with the pups. ( notice i didnt say i could run with them)

its one of the great joys of my life to out hit 20 year olds.

when your almost 49 and you can say that you will want to brag also.

years are running out on me so im not holding anything back at this point.

softball team named the Yankees?
  • #25,931
  • Apr 2, 2009 5:20pm Apr 2, 2009 5:20pm
Quoting oltciter
Thank you for advices! Sorry for my English!
I’m watching this thread for a long time!
Your English is great don't apologize. I am blown away about all you guys/gals who English is not your native language and you speak/write great. I took like 8 years of french and can't speak a word of it let alone learn a business in another language
  • #25,932
  • Apr 2, 2009 5:26pm Apr 2, 2009 5:26pm
Quoting james16
off to softball.

another season starts tonight.

i pitch and bat 4.

im the oldest guy on the team and i can still hang with the pups. ( notice i didnt say i could run with them)

its one of the great joys of my life to out hit 20 year olds.

when your almost 49 and you can say that you will want to brag also.

years are running out on me so im not holding anything back at this point.

go get some Jim..
  • #25,933
  • Apr 2, 2009 5:29pm Apr 2, 2009 5:29pm
naw im too good to be on a team called the yankees.



Quoting mbqb11
softball team named the Yankees?
  • #25,934
  • Apr 2, 2009 5:34pm Apr 2, 2009 5:34pm
Quoting james16
off to softball.

another season starts tonight.

i pitch and bat 4.

im the oldest guy on the team and i can still hang with the pups. ( notice i didnt say i could run with them)

its one of the great joys of my life to out hit 20 year olds.

when your almost 49 and you can say that you will want to brag also.

years are running out on me so im not holding anything back at this point.

49? That's still pretty young Jim but if you don't think so just remember, Once you're over the hill...you pick up speed!!
Ghost Rider - WWTBMD?
  • #25,935
  • Apr 2, 2009 5:45pm Apr 2, 2009 5:45pm
Quoting mbqb11
Your English is great don't apologize. I am blown away about all you guys/gals who English is not your native language and you speak/write great. I took like 8 years of french and can't speak a word of it let alone learn a business in another language
hehe Mike that's because you most probably never lived in France and dated a local french girl. I did some time living in the Czeck Rep and Thailand and
having a local girlfriend really speeded up my learning curve of picking up the languages. Believe me when you start getting roped into family dinners learning a bit of the lingo becomes a priority.http://www.forexfactory.com/images/icons/icon10.gif


Lir
  • #25,936
  • Apr 2, 2009 5:52pm Apr 2, 2009 5:52pm
hi all

just looking at the eur/gbp and it could be a pinbar when it closes got a hour to go,so im just wanting to know if it is a good setup
1 ;is of a ppz,s 2;a trendline 3;of the 50% fibs 4;has a bit of space

thanks john
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  • #25,937
  • Apr 2, 2009 5:59pm Apr 2, 2009 5:59pm
Quoting desperate
hi all

just looking at the eur/gbp and it could be a pinbar when it closes got a hour to go,so im just wanting to know if it is a good setup
1 ;is of a ppz,s 2;a trendline 3;of the 50% fibs 4;has a bit of space

thanks john
Hi John,

I believe this is a good pick...I will go for it and use the classic entry and put a buy stop above pin bar high.

Good trade!
  • #25,938
  • Apr 2, 2009 6:09pm Apr 2, 2009 6:09pm
eurgbp daily chart! I'm in with an buy stop position!
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  • #25,939
  • Apr 2, 2009 6:18pm Apr 2, 2009 6:18pm
Quoting desperate
hi all

just looking at the eur/gbp and it could be a pinbar when it closes got a hour to go,so im just wanting to know if it is a good setup
1 ;is of a ppz,s 2;a trendline 3;of the 50% fibs 4;has a bit of space

thanks john
Definitely only on a break high. I'd keep an eye on 0.9215 area for trouble (Quite large zone). So manage your trade wisely.

Personally I see a head & shoulder pattern that's just broke downwards though.
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Bundy's status today: "Waiting..."
  • #25,940
  • Apr 2, 2009 6:23pm Apr 2, 2009 6:23pm
Quoting desperate
hi all

just looking at the eur/gbp and it could be a pinbar when it closes got a hour to go,so im just wanting to know if it is a good setup
1 ;is of a ppz,s 2;a trendline 3;of the 50% fibs 4;has a bit of space

thanks john
Hi. Looks good, I've been waiting for this to close for a few hours too. Just wondering though if you will still take this given that the close of the pin is lower than the open (shouldn't it be the case for a bullish pin bar)? Does the head of the pin also need to be inside the body of the previous candle to make it a 'grade A' setup?

Could you tell me where you plan to enter, sl and target?

Sorry for the basic questions! I especially have difficulty right now understanding how I I should work out my targets to exit...
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