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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

  • #26,961
  • Apr 14, 2009 9:44am Apr 14, 2009 9:44am
I do have ibfx feed that doesnt show pin tho...

With Fib:
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  • #26,962
  • Apr 14, 2009 10:01am Apr 14, 2009 10:01am
hey guys,
pls who uses fxdd here, something weird just happened to my charts, was watching ucad & gu daily charts & all of a sudden they reshaped (hope u understand), especially the ucad
pls check.....anybody
Simplicity is the key to success
  • #26,963
  • Apr 14, 2009 10:02am Apr 14, 2009 10:02am
Quoting squeezy
hey guys,
just wanted to post my only trade for today .
my tp was hit @ 1.2120.... played a retracement off the broken support ,now turned resistance + break of the trendline
cheers
anyone think price will test the wkly 365 ema?
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  • #26,964
  • Apr 14, 2009 10:05am Apr 14, 2009 10:05am
Quoting ghous
Mark? I am not Mark...Can't be mark for atleast another 10 years

You quoted my post so I assume the question is directed at me...

I'll be watching for some PA on the 4H or daily, a pin bar or a BUOB would be good, trade management would be just like any other PA trade on the daily (stop's most probably gonna be below the obvious support levels)
What is PA, Please!
  • #26,965
  • Apr 14, 2009 10:16am Apr 14, 2009 10:16am
Quoting forexngo
What is PA, Please!
PA = Price action
  • #26,966
  • Apr 14, 2009 10:18am Apr 14, 2009 10:18am
Quoting trader john
Yes I see, boy those pin bars don't show up too often, are they more common in futures?
pin bars and other price bars show up plenty trust me It is simply a matter of skipping on the So-So setups, and waiting for the better setups. A++ setups on daily/weekly for me on forex pairs range in the 2-5 a month. As you drop down in timeframes my trade avg increases, but that shouldn't be done till you can do it on the daily/weekly.

And yes you can watch futures/equities/commods anything that moves

and as always remember, we are trading to make money, not to trade
  • #26,967
  • Apr 14, 2009 10:19am Apr 14, 2009 10:19am
PA is explained in the FIRST 100 pages or so Starting here and asking what PA is, is like reading a book backwards. PA= Price Action


Quoting forexngo
What is PA, Please!
  • #26,968
  • Apr 14, 2009 10:26am Apr 14, 2009 10:26am
Quoting pipmyride
I do have ibfx feed that doesnt show pin tho...

With Fib:
Not a great looking piece of PA by all accounts imho, I see the area that you are getting at though. But for me the 1.15 PPZ here is where it's at for anything USDCHF.

This 1.15 PPZ is the gift that just keeps on giving
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  • #26,969
  • Apr 14, 2009 10:38am Apr 14, 2009 10:38am
Quoting Jigsaw
Not a great looking piece of PA by all accounts imho, I see the area that you are getting at though. But for me the 1.15 PPZ here is where it's at for anything USDCHF.

This 1.15 PPZ is the gift that just keeps on giving
I think Jig is trying to make me smile
  • #26,970
  • Apr 14, 2009 10:41am Apr 14, 2009 10:41am
Quoting mbqb11
pin bars and other price bars show up plenty trust me It is simply a matter of skipping on the So-So setups, and waiting for the better setups. A++ setups on daily/weekly for me on forex pairs range in the 2-5 a month. As you drop down in timeframes my trade avg increases, but that shouldn't be done till you can do it on the daily/weekly.

And yes you can watch futures/equities/commods anything that moves

and as always remember, we are trading to make money, not to trade
preach it brother Mike . . .
"Don't trade to trade . . . trade to win." - James16
  • #26,971
  • Apr 14, 2009 10:59am Apr 14, 2009 10:59am
Quoting Jigsaw
Not a great looking piece of PA by all accounts imho, I see the area that you are getting at though. But for me the 1.15 PPZ here is where it's at for anything USDCHF.

This 1.15 PPZ is the gift that just keeps on giving
Not trying to sway but just wondering if thi helps.
Attached Image (click to enlarge)
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Ultimately, It's up to you.
  • #26,972
  • Apr 14, 2009 11:11am Apr 14, 2009 11:11am
Hello,

I'm very new to this thread and I'm looking for some advice. Since all brokers have different H4 bars, how do we deal with this?

I'm attaching two examples of eur/usd at this moment. One is from ibfx, which show a pin and the other one is from LConnection, which doesn't show the pin at all.

As a newbie, my understanding would be like this: The bars on charts are just a way of displaying the PA to us. We know that the PA retraced to 3275 level after bouncing off of the support at 3225 and ibfx shows this to us. LConn doesn't. Therefore I would place more significance on the PA itself, rather than the particular way of presenting this information to us in terms of bars on the chart.

Thank you for any comments/advice on this.

Tyler
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd-lconn.gif Size: 22 KB
  • #26,973
  • Apr 14, 2009 11:14am Apr 14, 2009 11:14am
Quoting Bemac
Not trying to sway but just wondering if thi helps.Attachment
Ultimately, It's up to you.
Does both confuse and mystify.

HEY !

Isn't that a part of the ICCE thing that I have been looking at but a simple mind like mine simply can't understand where I should actually draw the channels.

Also the word Why? keeps popping into my head, why does it actually work ?

Let me dig up a chart modification.

Voila !

(Theres a guess ? I have only scanned the threads as of yet to be honest)
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  • #26,974
  • Apr 14, 2009 11:17am Apr 14, 2009 11:17am
Quoting greenBarret
Hello,

I'm very new to this thread and I'm looking for some advice. Since all brokers have different H4 bars, how do we deal with this?

I'm attaching two examples of eur/usd at this moment. One is from ibfx, which show a pin and the other one is from LConnection, which doesn't show the pin at all.

As a newbie, my understanding would be like this: The bars on charts are just a way of displaying the PA to us. We know that the PA retraced to 3275 level after bouncing off of the support at 3225 and ibfx shows this to us. LConn doesn't. Therefore...
Hey Tyler

You are correct, price is in the end price. Our charts are just a viewing box that aggregates that price depending on the broker close on timeframes like the 4hr/daily etc. This is why location is key. If you determine good location first, the PA is simply your trigger. The way most of us just do it, is to stick to the broker you are comfortable with. Some people watch multiple brokers to get a different "view" on the same price.

Take care
Mike
  • #26,975
  • Edited 11:21am Apr 14, 2009 11:17am | Edited 11:21am
Here is my original post on this stuff.
Post 26603
http://www.forexfactory.com/showpost...ostcount=26603


Here is my expectation for the USD/CAD. I looked at this over the weekend but didn't trade it. I like the breakout of the daily trendline too.

Expecting 1.18.

Nice trades guys!

Josh
Attached Image(s) (click to enlarge)
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  • #26,976
  • Apr 14, 2009 11:43am Apr 14, 2009 11:43am
Short on USD/CAD...it has broken a daily trend line showing us a THLC of a Weekly PPZ on 4h TF.Enter at 1.2118 first TP at 1.2024 stop loss above PA at 1.2246
Now in profit for about 40 pips....just brought stop loss at BE.
It's a free trade .

What do you think about my analysis ???
Attached Image (click to enlarge)
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Patience is essential
  • #26,977
  • Apr 14, 2009 12:38pm Apr 14, 2009 12:38pm
Quoting benem
Short on USD/CAD...it has broken a daily trend line showing us a THLC of a Weekly PPZ on 4h TF.Enter at 1.2118 first TP at 1.2024 stop loss above PA at 1.2246
Now in profit for about 40 pips....just brought stop loss at BE.
It's a free trade .

What do you think about my analysis ???
nicely done Benem
I believe . . .
  • #26,978
  • Apr 14, 2009 12:51pm Apr 14, 2009 12:51pm
Hey everyone.

Hope everyone had a great holiday weekend. So anybody making any trades during this trickle week?...LOL

I've been doing pretty well the past two days working in scalp mode. Haven't really seen any A+ long term trades jumping out at me.
Ghost Rider - WWTBMD?
  • #26,979
  • Apr 14, 2009 4:12pm Apr 14, 2009 4:12pm
watching this like a hawk
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Money & Pain Respect the market, protect your capital, be patient
  • #26,980
  • Apr 14, 2009 4:42pm Apr 14, 2009 4:42pm
What platform is that?
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Zojahamad