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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

  • #26,381
  • Apr 7, 2009 8:26am Apr 7, 2009 8:26am
Quoting mooncricket
I'm not seeing it?

Edit: I'm a newbie as well but know the nose needs to be much larger and usually pointing in the direction of the trend thats hopefully being reversed. Check out the tutorials in the original post.
Hi Mooncricket,

That is a valid pin bar,

What you're talking abt is the location aspect of the setup. Yes Pin bars work great when they occur swing highs and lows but with enough confluence and when occurring off good ppz regions they can be good trend continuation signals,

I specially like them during "dips" in an uptrend like this current gu example or during "pullbacks" when in a downtrend.

Cheers!

Ghous.
I believe . . .
  • #26,382
  • Apr 7, 2009 8:29am Apr 7, 2009 8:29am
Quoting mooncricket
What broker are you guys using? IBFX looks completely different for me. Maybe I should go ahead and get another feed from someone.
Post up a chart and we'll sort out what's different,

If you were referring to my chart it's also an mt4 chart, maybe it's the colors you're talking abt is it?
I believe . . .
  • #26,383
  • Apr 7, 2009 8:29am Apr 7, 2009 8:29am
I'm seeing pinbars on these two also. Does it mean anything when you get pinbars on multiple pairs on the same time frame?
  • #26,384
  • Apr 7, 2009 8:33am Apr 7, 2009 8:33am
Quoting 68eagle
I'm seeing pinbars on these two also. Does it mean anything when you get pinbars on multiple pairs on the same time frame?
Most of the yen crosses work together like a busy group of bees,

Spend more time noticing your correlations and this direct relationship between all the yen crosses is among the best you'll find,

Regards,
Ghous.
I believe . . .
  • #26,385
  • Apr 7, 2009 8:36am Apr 7, 2009 8:36am
Quoting ghous
Most of the yen crosses work together like a busy group of bees,

Spend more time noticing your correlations and this direct relationship between all the yen crosses is among the best you'll find,

Regards,
Ghous.
Agreed. There's a Rac post giving tip about yen trading. Gold.
  • #26,386
  • Apr 7, 2009 8:39am Apr 7, 2009 8:39am
Here's how the daily and 4h looks on my charts.
Attached Image(s) (click to enlarge)
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  • #26,387
  • Apr 7, 2009 8:39am Apr 7, 2009 8:39am
Quoting ghous
Your sig Bundy....

It makes me sick

Why wouldn't you just let us know who you're talking abt, you're dragging all of us along
Haven't you seen the movie "The Sixth Sense" ?

Have to admit. It was playing on my mind that people here may take it personally. lol
Bundy's status today: "Waiting..."
  • #26,388
  • Apr 7, 2009 8:41am Apr 7, 2009 8:41am
Quoting mooncricket
Here's how the daily and 4h looks on my charts.
Yup those are just feed differences, and honestly you don't need to worry abt them, I see a pin bar now and you don't, it's high;y likely that sometime later you'll see a pin bar on a lower tf and I won't. It all balances out in the end...as it is the higher tfs are more or less the same unless you're looking at a really crazy feed,

Just trade what you see...On your chart that is

Regards,
Ghous.
I believe . . .
  • #26,389
  • Apr 7, 2009 8:43am Apr 7, 2009 8:43am
Quoting bundyraider
Haven't you seen the movie "The Sixth Sense" ?

Have to admit. It was playing on my mind that people here may take it personally. lol
lol!

I was kidding too ofcaorse, lol!
I believe . . .
  • #26,390
  • Apr 7, 2009 8:44am Apr 7, 2009 8:44am
Quoting mooncricket
Here's how the daily and 4h looks on my charts.
Hi Moon cricket...I think your candles close at different times to fxpro...looks good on mine...also confluence with 38 fib and penetration of fib and rejection...all from swing low from 30th march...got kicked in so will see how it plays out...
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  • #26,391
  • Apr 7, 2009 8:46am Apr 7, 2009 8:46am
Quoting mooncricket
What broker are you guys using? IBFX looks completely different for me. Maybe I should go ahead and get another feed from someone.
Hi Mooncricket,

I use FXPRO which closes the daily on New York closing time....5pm...I think quite a few here use FXPRO....please correct me if I'm wrong anyone as its late here and I'm speed typing !!

IBFX closes at GMT time...

Hope this helps...

Regards,

Joe
  • #26,392
  • Apr 7, 2009 8:48am Apr 7, 2009 8:48am
That's what I figured. Thanks for the confirmation.
  • #26,393
  • Apr 7, 2009 8:57am Apr 7, 2009 8:57am
Quoting GetSmart
Hi Mooncricket,

I use FXPRO which closes the daily on New York closing time....5pm...I think quite a few here use FXPRO....please correct me if I'm wrong anyone as its late here and I'm speed typing !!

IBFX closes at GMT time...

Hope this helps...

Regards,

Joe
Yeah thats right. A lot of people use FXPro and it does close at 5pm EST.
IBFX is at GMT.

Tom
  • #26,394
  • Apr 7, 2009 9:00am Apr 7, 2009 9:00am
I was scrolling back on some of the charts and wanted to make sure I correctly identified these two PA set-ups!

Is the difference between an outside bar and a double bar high/low the shadow? That is, on a DB the shadows match?

Thanks in advance! I really appreciate the assistant
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  • #26,395
  • Apr 7, 2009 9:17am Apr 7, 2009 9:17am
An example of BEOB entry...sl already to BE...note i entered on clear break of the 50 level at 4985 not the low of the BEOB candle...also nte the body of the BEOB has to have a lower close than the previous candle and that the wicks(high/low) is outside that of the previous candle as well...
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  • #26,396
  • Apr 7, 2009 9:25am Apr 7, 2009 9:25am
sl to BE on cable...stress free now
  • #26,397
  • Apr 7, 2009 9:28am Apr 7, 2009 9:28am
Quoting Jeev121
sl to BE on cable...stress free now
Did you close part of your position or are you letting it ride?
  • #26,398
  • Apr 7, 2009 9:30am Apr 7, 2009 9:30am
letting it ride for the moment will see how what PA and momentum shows me...
  • #26,399
  • Apr 7, 2009 9:43am Apr 7, 2009 9:43am
Quoting frankm7
I was scrolling back on some of the charts and wanted to make sure I correctly identified these two PA set-ups!

Is the difference between an outside bar and a double bar high/low the shadow? That is, on a DB the shadows match?

Thanks in advance! I really appreciate the assistant
Hey Frank,
I'm not sure what you mean by shadows. (I assume you mean the body of the candle?)
But getting to the chart, you correctly identified the DBLHC in yellow.
For a BUOB, what we want to see is the close of that bar to be higher than the high of the 1st bar (as well as the low being lower).
So the 3rd set of bars there is pretty close, but it didn't quite close above it. So BUOBs and BEOBs should totally encopass the previous bar.
The 1st setup you identified is neither a DBLHC or a BUOB.
The lows should match (or be real close) for a DBLHC.

Hope that helps.

Tom
  • #26,400
  • Apr 7, 2009 9:55am Apr 7, 2009 9:55am
Quoting frankm7
I was scrolling back on some of the charts and wanted to make sure I correctly identified these two PA set-ups!

Is the difference between an outside bar and a double bar high/low the shadow? That is, on a DB the shadows match?

Thanks in advance! I really appreciate the assistant
Hi frankm7,

Perhaps this PDF will help. As I learn, I have this printed out and hanging on my wall above and behind my monitor. Great visual aid.
Attached File(s)
File Type: pdf price_action.pdf   45 KB | 1,256 downloads
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