james16 Chart Thread | Page 1556 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #31,101
  • May 26, 2009 1:16pm May 26, 2009 1:16pm
Mike,

I was looking at the aud-usd as well. I didn't like this one as much. It appeared to have alot of traffic above the pin, but it pushed through.

I was just curious what your thoughts were...

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd.png Size: 39 KB
  • #31,102
  • May 26, 2009 1:21pm May 26, 2009 1:21pm
Anyone checked out netdania new web charting? I tried to before but it was missing a lot of functionality but the new release is great. You can use mouse wheel to zoom in and out, change color of chart and bars etc. Save your workspace. Might move over to this from metatrader. One key thing it does is overlay prices from different pairs onto the same chart.

The other good thing I imagine will be it will be updated much more frequently than MT4, god knows when version 5 is coming out. All they need is a way to write custom indicators and to maybe trade from it.

http://www.netdania.com/Products/liv...rtStation.aspx
Economists have forecast 9 out of the last 5 recessions
  • #31,103
  • May 26, 2009 1:47pm May 26, 2009 1:47pm
Quoting layton
Mike,

I was looking at the aud-usd as well. I didn't like this one as much. It appeared to have alot of traffic above the pin, but it pushed through.

I was just curious what your thoughts were...

Thanks
Hey Layton

These two pairs are highly correlated. So they were both saying bullish. When that happens I agree with you to take the much more clear one. No sense getting over exposed. Of the two, NZD was much more "clear" in terms of the PA. Both your charts are very well done

Best
Mike
  • #31,104
  • May 26, 2009 2:32pm May 26, 2009 2:32pm
Thanks Mike. I really appeciate the time you set aside to help everyone on the board.




Quoting mbqb11
Hey Layton

These two pairs are highly correlated. So they were both saying bullish. When that happens I agree with you to take the much more clear one. No sense getting over exposed. Of the two, NZD was much more "clear" in terms of the PA. Both your charts are very well done

Best
Mike
  • #31,105
  • May 26, 2009 3:00pm May 26, 2009 3:00pm
Nice pin on Eur/Jpy or am i missing something again ?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 33 KB
  • #31,106
  • Edited 4:31pm May 26, 2009 3:06pm | Edited 4:31pm
Quoting Billy73
Nice pin on Eur/Jpy or am i missing something again ?
I would say, not as an expert, that this PB is inverted, so you can not use it as a James16 PB.

PS: I would only add this would become a hanging man (if you are using candlesticks) after confirmation, but it is not a topic for this thread...
PS2: a lot of hanging men and inverted hammers developping today in diferent pairs and futures, BTW.
Trading: the skill of avoiding trades
  • #31,107
  • Edited 5:02pm May 26, 2009 4:27pm | Edited 5:02pm
Quoting Billy73
Nice pin on Eur/Jpy or am i missing something again ?
We would want that pin bar at a swing low, not a swing high. Like eswap0 said this is considered a 'hanging man bar' or a 'ghous bar'. It can show the beginnings of a bear swing, and bulls are failing to push prices any higher. I think ghous plays them entering on the open of the pin and TP at the bottom of the bar. S/L at the top of the bar.
  • #31,108
  • May 26, 2009 4:33pm May 26, 2009 4:33pm
Quoting Billy73
Nice pin on Eur/Jpy or am i missing something again ?
yes be careful here. This is more of a BUOB of sorts with a poor close(since the close is still high up on the bar). A bullish pin can not have a higher high then the previous bar.

Mike
  • #31,109
  • May 26, 2009 4:46pm May 26, 2009 4:46pm
Quoting Jduester
Not sure who's quote is wrong... my CLN9 shows a low of 59.53.

Josh
Guess it worked anyway! at 62.50 now...
Attached Image
  • #31,110
  • May 26, 2009 4:50pm May 26, 2009 4:50pm
Ok great thanks for all the replies, reason i posted this bar was because the bulls obviously bought when it hit 131.50 but as has been pointed out and what made me stop putting an order in was the swing high and the lack of a follow through from the bulls.

Least i'm learning something
  • #31,111
  • May 26, 2009 6:56pm May 26, 2009 6:56pm
Can someone please give me the link for James room
  • #31,112
  • May 26, 2009 6:58pm May 26, 2009 6:58pm
Hello all,

Please see this daily chart. i see here yesterday pin bar is long nose, open and close is at the bottom. This is a sign for short as i read in pin bar introduction this is for beginner to play. I have waiting this pin bar for a month now. lol

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 136 KB
  • #31,113
  • May 26, 2009 7:10pm May 26, 2009 7:10pm
Quoting aLLerGic
Hello all,

Please see this daily chart. i see here yesterday pin bar is long nose, open and close is at the bottom. This is a sign for short as i read in pin bar introduction this is for beginner to play. I have waiting this pin bar for a month now. lol

Thanks
Hey Allergic(what are you allergic too ? )

Actually this is a BEOB. Notice how the low of that bar, has a lower low then the previous bar. This turns it from a pin to a BEOB. Now also note that this bar is at the bottom(or swing low). We want to find these bars at swing highs. This isn't to say they can't be played as continuations, but the best way to start is to learn it how James teaches, which is to find this bar at a swing high point.

Let me know if you need anything clarified

Mike
  • #31,114
  • May 26, 2009 7:30pm May 26, 2009 7:30pm
Okay J. The daily candle didnt close where i expected. So no more bearish bias. My 4hr system also didnt signal short. What i see now is a Two bar high(not consecutive), a TBH(consecutive but 5pips apart)on the daily and a BUOVB on the weekly both seem to be breaking up. i am long off 152 wit stop at 149 where i have a confluence of supports like daily 150ema, ppz and round number 150. These gave a good entry long on the 4hr chart.

Im hoping todays daily dosnt end as a pinbar.





Quoting ephisi
Nice one supreme. im a J16 toddler. I noticed when i combine such PA at confluences with my 4hr system its very efficient. I have taken the bar as a neutral pin. If todays candle closes anywhere around or below dis levels it will make my bearish bias stronger.so im waitng for daily close to confirm.


Btw i am amazed and wonder how u guys are able to search for PA on so many different pairs. When in essence you are trying to get jsut a few nice trades monthly.

jaroo, supreme. How do you manage dis? ie not overtrading.
Attached Image (click to enlarge)
Click to Enlarge Name: james 16-4.gif Size: 29 KB
  • #31,115
  • May 26, 2009 7:34pm May 26, 2009 7:34pm
Quoting aLLerGic
Hello all,

Please see this daily chart. i see here yesterday pin bar is long nose, open and close is at the bottom. This is a sign for short as i read in pin bar introduction this is for beginner to play. I have waiting this pin bar for a month now. lol

Thanks

yeh in candlestick terminology its also referred to as an inverted hammer and may have bullish conotations if the low isnt breached.... the same bar pattern can have bullish or bearish conotations depending on where it is in the trend (swing low or high)
Grabbing the bull by the horns!
  • #31,116
  • May 26, 2009 7:56pm May 26, 2009 7:56pm
Quoting mbqb11
Hey Allergic(what are you allergic too ? )

Actually this is a BEOB. Notice how the low of that bar, has a lower low then the previous bar. This turns it from a pin to a BEOB. Now also note that this bar is at the bottom(or swing low). We want to find these bars at swing highs. This isn't to say they can't be played as continuations, but the best way to start is to learn it how James teaches, which is to find this bar at a swing high point.

Let me know if you need anything clarified

Mike
Thanks Mike for the reply. I just want to ask about entering the market, since waiting for the good pin bar, im entering the market everyday from the morning and exit when i get profit,(this is not what james16 is teaching). the things is im still asking myself that im goin right or not. My styles for entering the market is im looking the open for today which is the left eye, and when i see the right eye is 10pip above or 10pip below the left eye i will go long and vice versa. Is this
correct?? Since i read james16, my trading is become good. I have read until page 220 now. lol . Anything i will post here again.

Thanks again

aLLerGic of Studying
Everytime i study im Yawns.
  • #31,117
  • May 26, 2009 8:03pm May 26, 2009 8:03pm
Quoting aLLerGic
Thanks Mike for the reply. I just want to ask about entering the market, since waiting for the good pin bar, im entering the market everyday from the morning and exit when i get profit,(this is not what james16 is teaching). the things is im still asking myself that im goin right or not. My styles for entering the market is im looking the open for today which is the left eye, and when i see the right eye is 10pip above or 10pip below the left eye i will go long and vice versa. Is this
correct?? Since i read james16, my trading is become good. I...
Hey A

I am not quite sure I get your question, so please re-ask if I missed it. Are you asking when should we enter price action?

Here is a post that might help you

http://www.forexfactory.com/showpost...ostcount=13371

Sorry if I missed your question

Mike

PS I was the ultimate allergic to studying
  • #31,118
  • May 26, 2009 8:17pm May 26, 2009 8:17pm
Quoting mbqb11
Hey A

I am not quite sure I get your question, so please re-ask if I missed it. Are you asking when should we enter price action?

Here is a post that might help you

http://www.forexfactory.com/showpost...ostcount=13371

Sorry if I missed your question

Mike

PS I was the ultimate allergic to studying

Thanks Mike, That's It.
  • #31,119
  • May 26, 2009 9:46pm May 26, 2009 9:46pm
Quoting row
Can someone please give me the link for James room
row,
do u have it yet?
James16
  • #31,120
  • May 26, 2009 10:12pm May 26, 2009 10:12pm
Quote
Since i read james16, my trading is become good. I have read until page 220 now. lol . Anything i will post here again.
Thanks again

aLLerGic of Studying
Everytime i study im Yawns.

aLLerGic,
wow, that's good to know.
Do post more often here, so we'll all learn & improve further & much quicker.
108 traders viewing now