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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

  • #51,541
  • Jan 14, 2010 7:30am Jan 14, 2010 7:30am
Quoting altrader
I'm just wondering if someone could please have a lot at the image below and try to see how to handle this conflict of signals and how the James16 method would deal with it.
position... does it sounds a solid DBHLC? ur next guess is wrong. DBLHC pin shud close higher than previous pin.
  • #51,542
  • Jan 14, 2010 7:33am Jan 14, 2010 7:33am
Quoting KissFan
I hope you have a runner pip! For your benefit here is a 3hr chart as well.

K.I.S.S.
it seems okay but current pin doesnt have a HH by looking at previous high. Cautious buddy.
  • #51,543
  • Jan 14, 2010 7:34am Jan 14, 2010 7:34am
[quote=Investor7;3365499]Hanging by the ropes on GC....
Attachment

switch this to line bar. u can see better. its probably a good breakout else its massive resistance point.
  • #51,544
  • Jan 14, 2010 7:43am Jan 14, 2010 7:43am
Quoting Ezzy
I am really starting to like this style of trading.......what do you know, I may not need to use indicators soon!!!! http://cdn.forexfactory.com/images/icons/icon10.gif
Now we're talkin'

g
I believe . . .
  • #51,545
  • Jan 14, 2010 8:27am Jan 14, 2010 8:27am
Quoting Ezzy
I am really starting to like this style of trading.......what do you know, I may not need to use indicators soon!!!! http://cdn.forexfactory.com/images/icons/icon10.gif
Clean charts are sexay.

I'm really liking this style due to the amount of free time it provides me. Currently trading only on daily charts, and I can check my charts around 6 pm.

Not having to be up at midnight or whatever time early morning to trade is awesome.....
  • #51,546
  • Jan 14, 2010 8:42am Jan 14, 2010 8:42am
Quoting johnbaem
switch this to line bar. u can see better. its probably a good breakout else its massive resistance point.
Thank you John.
I'm out of it with -20 scratches, I "shoulda, coulda" get out @ 50% fibo, greed got me.
But like I said before, life gives us "n" chances and GJ is now the provider....

Thanks again and God Bless You....
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-01.14.10-30M.jpg Size: 239 KB


Now, what to do?
Follow the 2D PB? or th 4H PB?
Attached Image (click to enlarge)
Click to Enlarge Name: eu-2d.jpg Size: 120 KB

Attached Image
That which does not kill me, makes me stronger.
  • #51,547
  • Jan 14, 2010 8:45am Jan 14, 2010 8:45am
It's H1 so it's for professionals so I am just watching.
What do You think about this one ?

http://picnac.com/images/7699d1eu aaa.gif
  • #51,548
  • Jan 14, 2010 8:48am Jan 14, 2010 8:48am
Been busy with school recently (Start of a new semester) so I know this is late, but thank you all for your encouragement that you've given me.

Thank Goodness daily charts don't require much attention
Going to go Hunt for some large pips
  • #51,549
  • Jan 14, 2010 8:52am Jan 14, 2010 8:52am
Quoting strateg119
It's H1 so it's for professionals so I am just watching.
What do You think about this one ?

[IMG]http://picnac.com/images/7699d1eu aaa.gif[IMG]
that thing's a beast.....
Many choose unhappiness over uncertainty.
  • #51,550
  • Jan 14, 2010 8:58am Jan 14, 2010 8:58am
Investor7 - Good that You have found that 2d PA. I'm a rookie but I think that 2d would be more important, because it's higher TF. Maybe it would go up a bit like 1h,4h are showing and than turn down for longer movement.


Dan Gilbert - Thank You for your opinion
  • #51,551
  • Jan 14, 2010 9:09am Jan 14, 2010 9:09am
Quoting strateg119
It's H1 so it's for professionals so I am just watching.
What do You think about this one ?

http://picnac.com/images/7699d1eu aaa.gif
its perhaps stuck at support level. if earlier u wish to enter this trade, theres one IB that you can comes in n follow the journey to south.

as of now look at 1H, its does not give any direction. switch to 4hr or daily. you "surely" will catch something.

oh ya, sometimes im not interested in lower TF. too much noises.
  • #51,552
  • Jan 14, 2010 9:12am Jan 14, 2010 9:12am
Quoting strateg119

Dan Gilbert - Thank You for your opinion
weekly PPZ, both the 150 and 365 ema, big pin at the bottom of a channel... Has to be good for something...
Many choose unhappiness over uncertainty.
  • #51,553
  • Jan 14, 2010 9:13am Jan 14, 2010 9:13am
Quoting Investor7
Thank you John.
I'm out of it with -20 scratches, I "shoulda, coulda" get out @ 50% fibo, greed got me.
But like I said before, life gives us "n" chances and GJ is now the provider....

Thanks again and God Bless You....

- great setup in there. congrats.

Now, what to do?
Follow the 2D PB? or th 4H PB?
its yours.
  • #51,554
  • Jan 14, 2010 9:23am Jan 14, 2010 9:23am
Nice setup isnt it? Confluence at 61.8 fibo from last low.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 9 KB
  • #51,555
  • Jan 14, 2010 9:28am Jan 14, 2010 9:28am
this looks very tempting ...hope it closes as it is now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 14_1_10 (2).png Size: 61 KB
  • #51,556
  • Jan 14, 2010 9:39am Jan 14, 2010 9:39am
Quoting ppfx
this looks very tempting ...hope it closes as it is now
Attachment
What about the previous bar, isn't it a BUOB coming off a Bullish TL. Price could go any way IMO.
  • #51,557
  • Jan 14, 2010 9:42am Jan 14, 2010 9:42am
johnbaem - yes definitely it is a niece setup. I will mark it on my chart too.

ppfx - this one I'm also going to watch.
  • #51,558
  • Jan 14, 2010 9:45am Jan 14, 2010 9:45am
Quoting ppfx
this looks very tempting ...hope it closes as it is now
Attachment
the gap is not that much. maybe u can wait for matching lows? for breakout?

its your call buddy.
  • #51,559
  • Jan 14, 2010 9:58am Jan 14, 2010 9:58am
H4 and H1 pinbar
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  • #51,560
  • Jan 14, 2010 10:05am Jan 14, 2010 10:05am
CAD/CHF DAILY TRADE

1) 2 day pinbar off round number 1.000 and swing high
2) Bearish divergence on RSI

Short Entry: 0.9880
SL : 0.9990
TP : 0.9790 (Took take profit early at 0.9813, however price did reached initial take profit)
Attached Image (click to enlarge)
Click to Enlarge Name: 011110--daily.gif Size: 36 KB
The purpose of knowledge is action, not knowledge
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