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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

  • #50,901
  • Jan 6, 2010 6:21pm Jan 6, 2010 6:21pm
Quoting Dan Gilbert
trailing stop can hardly keep up....
I get a small commission on all of your "winning" trades Sorry but it works like the "family" around here. I take a little and then pass it up till it gets to James16. It's an offer you can't refuse.

K.I.S.S.
  • #50,902
  • Jan 6, 2010 6:22pm Jan 6, 2010 6:22pm
Would this be worth keeping an eye on, chart is the daily?
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Learning to be rigid in my rules & flexible in my expectations
  • #50,903
  • Jan 6, 2010 6:31pm Jan 6, 2010 6:31pm
30 minutes before the NZDUSD 4hr bar closes.... aware?
Many choose unhappiness over uncertainty.
  • #50,904
  • Edited 6:50pm Jan 6, 2010 6:32pm | Edited 6:50pm
Quoting KissFan
I get a small commission on all of your "winning" trades Sorry but it works like the "family" around here. I take a little and then pass it up till it gets to James16. It's an offer you can't refuse.

K.I.S.S.
ahahaha, so what do I do with the losers??? send you a bill?
Many choose unhappiness over uncertainty.
  • #50,905
  • Jan 6, 2010 6:45pm Jan 6, 2010 6:45pm
Quoting Dan Gilbert
30 minutes before the NZDUSD 4hr bar closes.... aware?

eurusd also on the 4h
Learning to be rigid in my rules & flexible in my expectations
  • #50,906
  • Jan 6, 2010 6:49pm Jan 6, 2010 6:49pm
Quoting Treefingers
Would this be worth keeping an eye on, chart is the daily?
My two cents Tree. I think that your trendline is drawn without taking into account the swing highs in between the two that you have chosen. While I'm no trendline expert, I wouldn't consider the information that I get from such a line as helpful to my trading decision. I am long on this pair because of what I spy on the four hr. I really like those significant looking pins like the one I have indicated. I have also drawn a trendline on this chart. Take a look at what price does at this line. Like so much of what we do here, some is art, some is science. You'll get it sooner or later. Just spend time reading this thread and looking at both posted charts and live ones. Also, do not take any trades here just because you see a guy with 10V next to his name taking it. Especially if that guy is me. We all have losers. This is a probabilities gig. The only certainty is uncertainty.

K.I.S.S.
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  • #50,907
  • Jan 6, 2010 6:55pm Jan 6, 2010 6:55pm
Quoting Dan Gilbert
30 minutes before the NZDUSD 4hr bar closes.... aware?
My IBFX closes in 1hr 7 min. Here is an FXPro chart. Already closed. No cigar. Bear in mind that I havent looked at SR or divergence. Just posting a chart.

K.I.S.S.
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  • #50,908
  • Jan 6, 2010 6:58pm Jan 6, 2010 6:58pm
Quoting KissFan
My IBFX closes in 1hr 7 min. Here is an FXPro chart. Already closed. No cigar. Bear in mind that I havent looked at SR or divergence. Just posting a chart.

K.I.S.S.
I did that homework for yah, .7400 round number, weekly PPZ, and divergence on macd and rsi

EDIT: no cigar, bad pin.......
Many choose unhappiness over uncertainty.
  • #50,909
  • Jan 6, 2010 7:05pm Jan 6, 2010 7:05pm
Quoting Dan Gilbert
I did that homework for yah, .7400 round number, weekly PPZ, and divergence on macd and rsi
What! I have a staff now? I'll be throwing all kinds of charts at you for investment advice. I'll need you to look at this gbpusd 4 hr as well. While you are at it let's take a peek at EU 4hr. Tell me if you think that GU will tank faster than EU as I'm long on EuroGBP. HAHa! !!!! Let's roll Dan!

K.I.S.S.
  • #50,910
  • Jan 6, 2010 7:07pm Jan 6, 2010 7:07pm
Quoting KissFan
My two cents Tree. I think that your trendline is drawn without taking into account the swing highs in between the two that you have chosen. While I'm no trendline expert, I wouldn't consider the information that I get from such a line as helpful to my trading decision. I am long on this pair because of what I spy on the four hr. I really like those significant looking pins like the one I have indicated. I have also drawn a trendline on this chart. Take a look at what price does at this line. Like so much of what we do here, some is art, some is...
Thanks I see what you mean with your trend line, i guess mine is making it see what I want it to see. My IBFX doesn't show the same Bull pin as yours it actually shows a near 8h pin from around the same period so I guess long is looking good.
Learning to be rigid in my rules & flexible in my expectations
  • #50,911
  • Jan 6, 2010 7:09pm Jan 6, 2010 7:09pm
I will add to my short position at the close of this bar in 52 min if it looks like it does now.

K.I.S.S.
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  • #50,912
  • Jan 6, 2010 7:10pm Jan 6, 2010 7:10pm
Quoting KissFan
What! I have a staff now? I'll be throwing all kinds of charts at you for investment advice. I'll need you to look at this gbpusd 4 hr as well. While you are at it let's take a peek at EU 4hr. Tell me if you think that GU will tank faster than EU as I'm long on EuroGBP. HAHa! !!!! Let's roll Dan!

K.I.S.S.
pin closed too high... eek!
Many choose unhappiness over uncertainty.
  • #50,913
  • Jan 6, 2010 7:11pm Jan 6, 2010 7:11pm
Quoting Treefingers
Thanks I see what you mean with your trend line, i guess mine is making it see what I want it to see. My IBFX doesn't show the same Bull pin as yours it actually shows a near 8h pin from around the same period so I guess long is looking good.
Get you an FXPRO feed as well. I can't tell you how many times it has helped me to look at other feeds. I look at three.

K.I.S.S.
  • #50,914
  • Jan 6, 2010 7:17pm Jan 6, 2010 7:17pm
Quoting Bemac
Maybe (just maybe) this will help.

http://www.forexfactory.com/showpost...60&postcount=2
G'day Sir,

Firstly, my thanks to you for sharing what you have.
I fully concur that spoon feeding is detrimental, that's largely my world view too.

I have been doing some hw into fundi info for ccys for abit cause Livermore often talked about the "general conditions" for a big big swig type of trend.

I have a couple of buddies who interned for the big boys before, from what I gather, they develop a view and hang on for dear life since they're piling in big... they do look at fundi data for sure.

For me, I develop my view generally by reading the news, and not "collecting data" and number crunching like an economist.

Was wondering what else you look at other than rate differentials which I am also aware it.
(In essence it creates incentive for people to go long the ccy... if and only if the economy is sufficiently healthy.)

If it is abit out of topic on this chart thread, pse PM me. Wish not to clog up the thread.

My thanks for spending your time pointing things out to us here sir.
One Mind, Any Market
  • #50,915
  • Jan 6, 2010 7:36pm Jan 6, 2010 7:36pm
Quoting Cyrus
G'day Sir,

Firstly, my thanks to you for sharing what you have.
I fully concur that spoon feeding is detrimental, that's largely my world view too.

I have been doing some hw into fundi info for ccys for abit cause Livermore often talked about the "general conditions" for a big big swig type of trend.

I have a couple of buddies who interned for the big boys before, from what I gather, they develop a view and hang on for dear life since they're piling in big... they do look at fundi data for sure.

For me, I develop my view generally by...
Cyrus. The above Understanding IS the Market. Unrest or uprising in the Host Country is the vehicle by which it's ccy moves. PPZ's & Fibs are Then brought into the equasion.
That's why my intrest in times of sombre equiessence grew.
  • #50,916
  • Jan 6, 2010 7:39pm Jan 6, 2010 7:39pm
Hi all,

ECHF 4hr Pinbar

1. Important PPZ at 1.4800
2. Strong Divergence,
3. Nice pin bar size

First trouble area: 1.4850.

Do you guys like it?

PM
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  • #50,917
  • Jan 6, 2010 7:50pm Jan 6, 2010 7:50pm
What do you pin bar experts think of this one about to close on the kiwi 4hr chart?
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"Timing Is Everything. Really I Swear It Is"
  • #50,918
  • Jan 6, 2010 8:03pm Jan 6, 2010 8:03pm
I haven't made one of these chart zoomed pics in a long time.... I think on this pair, i was so frustrated my first touch trade was missed by about 3-4 pips, that I completely lost interest in the pair altogether... and this happened. I don't care, there will be so many more opportunities in the future.
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Many choose unhappiness over uncertainty.
  • #50,919
  • Jan 6, 2010 8:07pm Jan 6, 2010 8:07pm
Quoting PippingMama
Hi all,

ECHF 4hr Pinbar

1. Important PPZ at 1.4800
2. Strong Divergence,
3. Nice pin bar size

First trouble area: 1.4850.

Do you guys like it?

PM
Hey PM

This one isn't horrible, I just don't like the time of day it occurred. Except for the divergence we don't have much reason as to why it is getting held up. I think Jarroos "fast break" or cut out would be in play on this one.

Mike
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  • #50,920
  • Edited 8:30pm Jan 6, 2010 8:16pm | Edited 8:30pm
Quoting TexasforEX
What do you ..think of this one about to close on the kiwi 4hr chart?
nice pinbar. my concern here is the ongoing uptrend.
looks like the reverse of eurchf H4 (see PippingMama's & mbqb11's charts): immediate trouble area seem to be around 0.7315 - 0.7350.

EDIT: in the FXPro H4 chart, the 'pinbar' had a different shape. the open was 0.7376, close 0.7392. yours look nicer, shape-wise (open seem to be 0.7376, close 0.7381)
if u put on a line chart, u will see that there's an H4 PPZ around 0.7390, coincidentally (?) near the pinbar's closing price.

Hope this helps
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