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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

  • #27,241
  • Apr 16, 2009 6:21pm Apr 16, 2009 6:21pm
Cool KissFan,

Your help - much appreciated.

I will trudge on through 1800 plus pages. If you think of any highlites I should
skip to - (any summations would be helpful - this part to anybody who wants to help speed me along)

Also I'm a bit of a MQ4 programmer - anybody posted any EA's or Indicators specific to PB or PB zones worth looking at.

I can be a helpful PIN Head.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #27,242
  • Apr 16, 2009 6:27pm Apr 16, 2009 6:27pm
Quoting fxScavenger
Cool KissFan,

Your help - much appreciated.

I will trudge on through 1800 plus pages. If you think of any highlites I should
skip to - (any summations would be helpful - this part to anybody who wants to help speed me along)

Also I'm a bit of a MQ4 programmer - anybody posted any EA's or Indicators specific to PB or PB zones worth looking at.

I can be a helpful PIN Head.
jduester Posted a great index. Jim has linked to it in the first post somewhere..
Bundy's status today: "Waiting..."
  • #27,243
  • Apr 16, 2009 6:37pm Apr 16, 2009 6:37pm
Interesting setup that I'm watching because I'm curious how a Double Pin Inside Bar will act hitting a major PPZ @ 100.00 on the U/J. I seem to recall for some reason that this Pin/Pinish IB setup had some power.

Still 30 minutes to go, so it may change...
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #27,244
  • Apr 16, 2009 6:43pm Apr 16, 2009 6:43pm
I think I might see 4 trade opportunities on daily tf's. I'll be posting them in about an hour when my dailies close. I know! My first sentence alone still places my status here squarely in the novice camp. However, I am winning so very often now. I have been reading this thread religiously and trading for over 14 mos with my hard earned money. No blown account yet! It's time to put up or shut-up. I will not trade unless I can post here and make a good argument for the trade. I will appreciate any constructive feedback.

K.I.S.S.
  • #27,245
  • Apr 16, 2009 6:54pm Apr 16, 2009 6:54pm
Quoting bundyraider
jduester Posted a great index. Jim has linked to it in the first post somewhere..

Thanks bundyraider. I'll check it out.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #27,246
  • Apr 16, 2009 6:57pm Apr 16, 2009 6:57pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting LasVahGoose
Interesting setup that I'm watching because I'm curious how a Double Pin Inside Bar will act hitting a major PPZ @ 100.00 on the U/J. I seem to recall for some reason that this Pin/Pinish IB setup had some power.

Still 30 minutes to go, so it may change...
Mine closed 2 hrs ago Alpari UK feed

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open 99.368 close 99.37 close enough for a Doji (long legged)
  • #27,247
  • Apr 16, 2009 6:57pm Apr 16, 2009 6:57pm
Quoting LasVahGoose
Interesting setup that I'm watching because I'm curious how a Double Pin Inside Bar will act hitting a major PPZ @ 100.00 on the U/J. I seem to recall for some reason that this Pin/Pinish IB setup had some power.

Still 30 minutes to go, so it may change...
I have been watching this pair. If I were to trade this PB I would wait for the break of yesterdays before I got in.


K.I.S.S.
  • #27,248
  • Apr 16, 2009 6:59pm Apr 16, 2009 6:59pm
Quoting KissFan
I have been watching this pair. If I were to trade this PB I would wait for the break of yesterdays before I got in.
K.I.S.S.
That is how I'd play it too.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #27,249
  • Edited 7:19pm Apr 16, 2009 7:02pm | Edited 7:19pm
Quoting Forex007
Really?..
I don't know what other confluences there are by your chart, besides the swing high. But Inside Bars can be very effective PA formation when the key confluences meet.
Indicators show the past. Price Action "Indicates" the future.
  • #27,250
  • Apr 16, 2009 7:26pm Apr 16, 2009 7:26pm
I will enter short at the break of today's IB at 1.5067 which happens to also break the 38.2 fib retracement from the ride down of the high at 1.5882. This bar has formed below a resistance and PPZ. First TP at 1.5041 and move 2nd position to BE at that time. 2nd position will take profit at 1.4955 just above support. SL is 1.5167. Weekly TF is not telling me anything about direction.
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  • #27,251
  • Apr 16, 2009 7:40pm Apr 16, 2009 7:40pm
Inside Bar formed off PPZ/resistance and 150 ema. Trade will execute at .8780. The break if the previous bar. First TP is modest at .8759. Move second position to BE here. Second TP is .8684 just above major support. SL is .8873.
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  • #27,252
  • Apr 16, 2009 7:50pm Apr 16, 2009 7:50pm
I will enter this trade at the break of this Pinbar 2.2820. First TP @ 2.2737. Move 2nd position to BE. Second TP will be 2.2500. Nice looking bar at a nice looking place with room to roam. I am aware of the 2.2800 level. SL will be 2.3248.
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  • #27,253
  • Apr 16, 2009 7:59pm Apr 16, 2009 7:59pm
I will sell this pair at 1.2524. Based on Pin at resistance. First TP at 1.2502. Move 2nd position to BE for hopeful ride to 1.2420 area. SL at 1.2653.
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  • #27,254
  • Apr 16, 2009 8:16pm Apr 16, 2009 8:16pm
Quoting fxScavenger
Cool KissFan,

Also I'm a bit of a MQ4 programmer - anybody posted any EA's or Indicators specific to PB or PB zones worth looking at.

I can be a helpful PIN Head.

Hai fxScavenger

You may try this indicator. It helps me a lot to recognize the PA bar. Have to say thanks to the person created it.

or else you may try to check the attachment of this J16 thread. a lot of useful stuff there.

Take care & happy learning/trading

Nazeri
Attached File(s)
File Type: ex4 VM_Price_Action_1.3.ex4   24 KB | 603 downloads
File Type: mq4 VM_Price_Action_1.3.mq4   22 KB | 880 downloads
  • #27,255
  • Apr 16, 2009 8:26pm Apr 16, 2009 8:26pm
Hey FxScav,

I found these useful when I was learning to recognize PA.

I got these here on the James16 thread.

Hope they help.

MG
Attached File(s)
File Type: ex4 James16 Patterns.ex4   11 KB | 1,152 downloads
File Type: mq4 James16 Patterns.mq4   9 KB | 1,576 downloads
  • #27,256
  • Apr 16, 2009 8:33pm Apr 16, 2009 8:33pm
Check out some sick macd divergence on the 4hr aud/jpy on 4/6 then 4/13 I couldnt find the 4hr pa that screamed at me so I sat on my hands but if someone is curious about divergence this should help. I felt strongly this would drop even went to 15min didnt pull trigger if its not simple and obvious I pass but I still follow this with curiosity.
  • #27,257
  • Apr 16, 2009 8:52pm Apr 16, 2009 8:52pm
how does the AUD/NZD daily pinbar look?
(lots of space to the left, swing high, at 61.8 fib)
  • #27,258
  • Apr 16, 2009 8:59pm Apr 16, 2009 8:59pm
Quoting jarroo
Higher time frame PA rules over lower time frame PA. They do not conflict or off set.

I agree that it would be nice if the Close would be lower the previous bar, but it's not a trade breaker for me. Let's see how she breaks. (if she breaks).

Thanks Jarroo. This is something I have not even started to explore. Since I rarely look at intraday charts and never trade them, I probably shouldn't have even commented on the AUD/USD. I've heard it said that the higher timeframe governs the trade/direction when trading, but that concept was lost in my head somewhere.

The best BEOB close below the prior bar, which this one did not. But as you said, it doesn't make it a deal breaker. May not even trigger the BEOB anyway... Good luck with it for those that do take it.

Time to get a few zzzzz's.

Josh
  • #27,259
  • Apr 16, 2009 9:07pm Apr 16, 2009 9:07pm
Quoting Jduester
Thanks Jarroo. This is something I have not even started to explore. Since I rarely look at intraday charts and never trade them, I probably shouldn't have even commented on the AUD/USD. I've heard it said that the higher timeframe governs the trade/direction when trading, but that concept was lost in my head somewhere.

The best BEOB close below the prior bar, which this one did not. But as you said, it doesn't make it a deal breaker. May not even trigger the BEOB anyway... Good luck with it for those that do take it.

Time to get a few zzzzz's....
Yeah Josh, I've seen it time and time again. You'll get a great Daily bearish PB and Price is heading where it suppose to go and then a 4 hour bullish PB presents itself. It maybe a sign to get out of the trade but more often then not it will fullfill itself and start heading back down the direction of the Daily bearish PB. Sorry I can't post charts right now.
Indicators show the past. Price Action "Indicates" the future.
  • #27,260
  • Apr 16, 2009 9:17pm Apr 16, 2009 9:17pm
Quoting dengzhi
how does the AUD/NZD daily pinbar look?
(lots of space to the left, swing high, at 61.8 fib)
Technically not a pinbar on my chart(close not within prior bar). But might be on some other brokers

Just a chart where it might find trouble if it breaks

Mike
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