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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

  • #31,661
  • May 31, 2009 5:56pm May 31, 2009 5:56pm
I know that Mike is probably too classy to mention it but on the James16 private forum there is more discussion of his and others' intraday trading (4H and 1H)

I have no affiliation with that site other than as satisfied customer. I know Jim hates the idea of promoting it so I will remove this post on request, but I thought given the interest in 4H and 1H styles it would be useful to let people know.
  • #31,662
  • May 31, 2009 6:10pm May 31, 2009 6:10pm
Quoting jarroo
Mike's super picky on the 4 Hour and Hourly too. lol
I swear I am more relaxed in real life!
  • #31,663
  • May 31, 2009 6:33pm May 31, 2009 6:33pm
Quoting bjohn34
Friday daily bar was an "undecided" bar so maybe won't break long but if it doesn't, then probably no entry.
Quoting clockwork71
Yes, I feel that you are correct in your analysis. I think that it's a great spot for a pinbar.

There is only one thing that makes me a touch "iffy" on this, and that's the fact we keep making lower highs. It just look like it's running out of steam.

Truth be told, this bar breaks north - I will be long. Even with that lower highs.....

Manage your risk, let the rest work itself out.
The key is the .8800. Will act as it had in the past as Support or is it now acting as Resistence? Are the Weekly PB and 3 Day PB (chart) giving us a hint on where Price is going? Maybe, but I would like to see those PBs bigger, of course.

I agree with you and clockwork, lets see if and how they break.
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Indicators show the past. Price Action "Indicates" the future.
  • #31,664
  • May 31, 2009 6:36pm May 31, 2009 6:36pm
Quoting mbqb11
I swear I am more relaxed in real life!
I have found that being very picky is more relaxing.
Indicators show the past. Price Action "Indicates" the future.
  • #31,665
  • May 31, 2009 6:46pm May 31, 2009 6:46pm
Quoting Schneeule
Hi,
I also noticed USDJPY d2 hammer (Pin Bar). I am posting picture so everyone can seeand discus.
When I look at its shape, possition and at gold chart , I would be realy surprised if this one fails. But lets see.

Quoting 4fun
Dont believe it was mentioned in this thread but U/J had a nice 2day pinbar to end last week, its bar-b que time and some cold ones here will check in later hope everyone has a great June ciao.
Watching this one.
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Indicators show the past. Price Action "Indicates" the future.
  • #31,666
  • May 31, 2009 6:50pm May 31, 2009 6:50pm
Quoting jarroo
The key is the .8800. Will act as it had in the past as Support or is it now acting as Resistence? Are the Weekly PB and 3 Day PB (chart) giving us a hint on where Price is going? Maybe, but I would like to see those PBs bigger, of course.

I agree with you and clockwork, lets see if and how they break.
What a great eye you have Jaroo. How do you manage all the period combining? If it was me I'd spend ages combing all these combined charts. I know some, like 2 day pins, are easy to spot. But a 3 day pin? That's smart. Do you see it visually first and then slap on periodcon, or do you plough through the combined timeframes chart by chart.

Nice work.
  • #31,667
  • May 31, 2009 7:01pm May 31, 2009 7:01pm
Quoting TiaForex
What a great eye you have Jaroo. How do you manage all the period combining? If it was me I'd spend ages combing all these combined charts. I know some, like 2 day pins, are easy to spot. But a 3 day pin? That's smart. Do you see it visually first and then slap on periodcon, or do you plough through the combined timeframes chart by chart.

Nice work.
Well I started with converting everything at first lol, but after awhile you start catching them by eye. Just like its easy to see 2 Day PB or 2 Day Outside Bars. Especially after a big move off a strong PPZ level with no (apparent) Bar confirmation.
Indicators show the past. Price Action "Indicates" the future.
  • #31,668
  • May 31, 2009 7:55pm May 31, 2009 7:55pm
Hmmm this is a bit of a revelation to me. Maybe I missed something.

Quoting mbqb11
Nope I have traded the 4hr/1hr for a very very long time. The majority of my trades come from the 4hr and 1hr and I take a very small number of daily/weekly trade setups a month(as the timeframe would indicate). Just one daily trade the whole month of may. I take only what the timeframes, and pairs offer.

Hope all is well razor
Mike
  • #31,669
  • May 31, 2009 8:10pm May 31, 2009 8:10pm
Quoting jarroo
Well I started with converting everything at first lol, but after awhile you start catching them by eye. Just like its easy to see 2 Day PB or 2 Day Outside Bars. Especially after a big move off a strong PPZ level with no (apparent) Bar confirmation.
hello jarroo,
i'm also a fan of your periodicon. hope my chart is healthy and well drawn like fine art...lol. Also, can i consider that bullish outside bar to be on a swing low or high?please comment on my chart. PEACE
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Respect a man, and he will do all the more.
  • #31,670
  • May 31, 2009 8:15pm May 31, 2009 8:15pm
That 2 day pinbar triggered my entry was lookin for a retrace had it on autopilot away from the helm will also leave my other order sticken to my gameplan.Giving this trade room to maneuver thus a smaller pip size.
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  • #31,671
  • Edited 9:00pm May 31, 2009 8:35pm | Edited 9:00pm
Quoting urchman
hello jarroo,
i'm also a fan of your periodicon. hope my chart is healthy and well drawn like fine art...lol. Also, can i consider that bullish outside bar to be on a swing low or high?please comment on my chart. PEACE
Looks great urchman.

No, I would not consider that BUOB (or DBLHC) to be at a swing Low. But if we are in a new upward trend then it could indicate a trend continuation.

I like the fact that the 150.00ish is at the previous bar High, which is a retrace characteristic of BUOB, BEOB, DBLCH, etc. It may also break and go to the moon. Should be fun to watch either way.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #31,672
  • May 31, 2009 8:39pm May 31, 2009 8:39pm
Quoting 4fun
That 2 day pinbar triggered my entry was lookin for a retrace had it on autopilot away from the helm will also leave my other order sticken to my gameplan.Giving this trade room to maneuver thus a smaller pip size.

Looking good 4fun. Ryanmcd would be proud.
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Indicators show the past. Price Action "Indicates" the future.
  • #31,673
  • May 31, 2009 9:54pm May 31, 2009 9:54pm
http://www.forexfactory.com/showpost...ostcount=31585
Quote
Alexandra,
bankruptcy in the works...



22:02 GMT The Market Showing Little Reaction To Reports On GM Sydney, June 1: Reuters is reporting this morning that sources close to the negotiations surrounding General Motors are indicating that the giant US carmaker will file for bankruptcy before the US markets open on Monday. The report also suggests that the governments of Canada and the Canadian province of Ontario will take debt or equity positions in the new GM. The markets have not reacted to the reports, as it has been widely tipped that GM would file for bankruptcy early this week. --John.Noonan, thomsonreuters

------
CNN a little earlier also confirmed the announcement to be on by 8am (i guess 8am EST) later.
  • #31,674
  • May 31, 2009 9:56pm May 31, 2009 9:56pm
Quote
Hy everyone,I'm new to this thread and olso to the Forex market.This is my first post ever on FF

tiger88990,
Welcome.
Great discretion from your end to first post here.
Good luck!!




ghous,
seems u are now slowly coming back online.
Welcome back.
  • #31,675
  • May 31, 2009 10:06pm May 31, 2009 10:06pm
Quoting supremeChaos
tiger88990,
Welcome.
Great discretion from your end to first post here.
Good luck!!




ghous,
seems u are now slowly coming back online.
Welcome back.
Some of this stuff early is a great way to a start a hectic stressful day.
I believe . . .
  • #31,676
  • May 31, 2009 10:10pm May 31, 2009 10:10pm
Quote
Some of this stuff early is a great way....


Quote
......to a start a hectic stressful day.
  • #31,677
  • May 31, 2009 10:21pm May 31, 2009 10:21pm
Nice smooth break.

Was a treat to watch...

(now I can get back to accounting with a smile on my face. )
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I believe . . .
  • #31,678
  • May 31, 2009 10:32pm May 31, 2009 10:32pm
Quoting ghous
Nice smooth break.

Was a treat to watch...

(now I can get back to accounting with a smile on my face. )
It's a vaildation and confirmation that setup is correct. A nice smooth, hard/fast break. At for me it is. Especially at this time of the day.
Indicators show the past. Price Action "Indicates" the future.
  • #31,679
  • May 31, 2009 10:33pm May 31, 2009 10:33pm
Someone called jonaslt posted this link on Clockwork's Silent Service thread:

Pring on You Tube

I thought some of you here would be interested.

Just spent most of the weekend reading the first 200 pages of this thread. Good stuff.
  • #31,680
  • May 31, 2009 11:00pm May 31, 2009 11:00pm
USD/CHF @ the 61.8 fib and trendline.
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