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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

  • #47,361
  • Nov 2, 2009 1:37am Nov 2, 2009 1:37am
Hi all, I encountered this amazing thread a few days ago and I have been practicing spotting the price action on forex in my mt4.

here are some of the PA that I have spotted. can anyone help confirm that this is the right way to look at it or am I just lucky the price went the right way?

Regarding the "Pinocchio" pattern, does the first and third bar have to be at the same level or within a pip of each other?

Also, the colours of the bars are irrelevant right?

thanks.
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  • #47,362
  • Nov 2, 2009 2:12am Nov 2, 2009 2:12am
Great stuff, really helpful - thanks Jaroo - picked up a v useful tip from yourself and James16PF basically to look at weeklys for major PPZ/S/R- tended draw in S/R from Dailys which became a bit cluttered with Fib lines
etc.

Thanks for info Euro/GBP - Euro/USD - will be watching those

JS

Quoting jarroo
Oh, I see now js. No problem talking about history because history tends to repeat itself a lot with Price Action.

I guess my concern was that you didn't have any PPZ levels on your chart, so my mind tends to wonder around a chart looking for them. Mapping out PPZ levels really makes a chart make sense to me.

The Weekly Eur/Gbp Pin Bar that you were eye balling as a continution looked good. But, as you may know, bullish PB are best played at swing Lows, even better at swing Lows with the trend at a retracement. This PB was at a swing...
  • #47,363
  • Nov 2, 2009 2:17am Nov 2, 2009 2:17am
Quoting Dale
You might want to make sure you are eating the right foods to take care of you eyes...

Additionally, this post.
  • #47,364
  • Nov 2, 2009 2:36am Nov 2, 2009 2:36am
Quoting benji533
i feel good !!!!!!!!!!

Closing charts now
Benji, u are hardcore.
One Mind, Any Market
  • #47,365
  • Nov 2, 2009 6:40am Nov 2, 2009 6:40am
Quoting benji533
Lets see if I got it right.....On demo.

if I could know what those wired stocks matter to rac, I would have a better idea I guess

will Jarroo like it (?)

Quoting jarroo
Looks like you answered your own question Ben.
Well, seems that I quite caught it anyway

One day I'll look deeper into what rac is doing hehe.
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  • #47,366
  • Nov 2, 2009 6:47am Nov 2, 2009 6:47am
Quoting wired2199
I noticed you had alerts/email on your screen could you point me in the right direction on where I can get those.

Thank you
Hey wired2199,

I think it is this: http://www.forexfactory.com/showthread.php?t=22217

But it doesn't help me much..
  • #47,367
  • Nov 2, 2009 6:48am Nov 2, 2009 6:48am
Quoting Cyrus
Benji, u are hardcore.
Thank you brother. You too seem to get on the right road

Good to hear from you.
  • #47,368
  • Nov 2, 2009 7:06am Nov 2, 2009 7:06am
I remember I said look for the 80.00 audjpy level as a major confluenced level.
I think it was 1-2 weeks ago.

I have missed it (our damn alerter still not done lol). But isn't it perfect?

I'm sure you got that one, right Mike?
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  • #47,369
  • Nov 2, 2009 7:22am Nov 2, 2009 7:22am
Just last one..double bottom with div.

These are really A+++++++++ trades guys.


ok I'll stop spamming.. bye for today
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  • #47,370
  • Nov 2, 2009 8:08am Nov 2, 2009 8:08am
Double inside bar.
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May all your fits be loose.
  • #47,371
  • Nov 2, 2009 9:18am Nov 2, 2009 9:18am
The second trade on this chart -I took on my real account as well.

Don't know how to thank all the people in this thread who taught me how to trade. I hope one day I could give you this favor back

THANK YOU GUYS
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  • #47,372
  • Nov 2, 2009 9:28am Nov 2, 2009 9:28am
Quoting benji533
I remember I said look for the 80.00 audjpy level as a major confluenced level.
I think it was 1-2 weeks ago.

I have missed it (our damn alerter still not done lol). But isn't it perfect?

I'm sure you got that one, right Mike?
There were many to play I took the gbp/jpy and usd/jpy gaps, and played the aud/usd 4hr BUOB outirght

you catch this breakout + pullback + major round number + beauty pin?
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  • #47,373
  • Nov 2, 2009 9:30am Nov 2, 2009 9:30am
Quoting benji533
The second trade on this chart -I took on my real account as well....
which MT4 are these charts from?
u opened an account with an MT4 broker too?

Nicely done, benji.
Once u are "up there", dont forget to share your blessings within your country.
  • #47,374
  • Nov 2, 2009 9:36am Nov 2, 2009 9:36am
Quoting benji533
The second trade on this chart -I took on my real account as well.

Don't know how to thank all the people in this thread who taught me how to trade. I hope one day I could give you this favor back

THANK YOU GUYS
I'm still in a long position from last week which started to go negative, then this morning I am happy again . Moved stops into profit. No worries now.
Many choose unhappiness over uncertainty.
  • #47,375
  • Nov 2, 2009 9:41am Nov 2, 2009 9:41am
hey benji....wow nice trade

i'll bet that rac it's all over this, I think he is doing this working

hey mike a saw that beautiful gaps as well but after they have been closed,

on this setups I could caught better price but I went at selep when assia open and try to find other opportunities for my entries,when london was opening.

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  • #47,376
  • Nov 2, 2009 9:42am Nov 2, 2009 9:42am
I think I'll be buying this pair later but it has other ideas at the moment. I'm trailing by the bar. None of this is my stuff. This particular trade is being discussed here and on the PF often and has been perfected by Mr. Rac. I'm just doing what I have learned here and passing it on. Why did I take this trade? It showed me a pin at a properly drawn trendline and resistance. I used the top of the pin as a stop loss. The TP is now 1.0158 but if the last bar that formed gets breached to the upside I will be taken out. I used the 15 pip range as my risk (1%). My reward will be a minimum of 1.0185 or 42 pips. This is almost a 3% gain. Thank you.

K.I.S.S.
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  • #47,377
  • Nov 2, 2009 9:43am Nov 2, 2009 9:43am
Quoting fascist
Hi all, I encountered this amazing thread a few days ago and I have been practicing spotting the price action on forex in my mt4.

here are some of the PA that I have spotted. can anyone help confirm that this is the right way to look at it or am I just lucky the price went the right way?

Regarding the "Pinocchio" pattern, does the first and third bar have to be at the same level or within a pip of each other?

Also, the colours of the bars are irrelevant right?

thanks.
Hey Fascist welcome to the thread.'

Your charts are all correct very well done. For a pinbar the most important things are to have the open and close within the previous bar, the third bar is our "trigger bar". We don't have to wait for it to fully form. THe most important thing is that our actual pin bar itself(the bar with the long nose) have the open and close within the prior bar and a nice long nice. The color of your bars are up to you. Some people like to have red bars for their bearish bars, green for their bullish bars. But you can make those whatever you are comfortable with.

Again welcome and ask questions when you have any

Mike
  • #47,378
  • Nov 2, 2009 9:43am Nov 2, 2009 9:43am
Quoting mbqb11
...I took the gbp/jpy and usd/jpy gaps...
...
the ones around 7pm est? nice..
no lost sleep on this one? or u must be awake monitoring the charts always around these times?
  • #47,379
  • Nov 2, 2009 9:43am Nov 2, 2009 9:43am
more charts.........

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  • #47,380
  • Nov 2, 2009 9:43am Nov 2, 2009 9:43am
Quoting mbqb11
There were many to play I took the gbp/jpy and usd/jpy gaps, and played the aud/usd 4hr BUOB outirght
Nice trades Mike

Quote
you catch this breakout + pullback + major round number + beauty pin?
Was at school learning literature


Quoting supremeChaos
which MT4 are these charts from?
u opened an account with an MT4 broker too?

Nicely done, benji.
Once u are "up there", dont forget to share your blessings within your country.
To the J16 country? Sure!

For Israel? I think 4 years in the elite unit of the IDF will be quite enough if I manage to get there (One of my dreams - working my ass off...have our selection in a few more months ).


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which MT4 are these charts from?

Not sure to be honest. But I think it is.
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u opened an account with an MT4 broker too?
No. I'm with Oanda.
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