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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

  • #51,841
  • Jan 17, 2010 8:50pm Jan 17, 2010 8:50pm
Quoting ghous
Your first guess was exactly my thought. Too small...

It's more of an indecision bar and I play those only as trend continuation signals (the indecision bars) never as trend reversals.

Here's one IPB that made me fall out of chair. (oil weekly)

g.

Thanks g.

That OIL IPB was indeed a beauty. I'll be watching for some nice PA around 1.0300 on the Cad, I'm loving that weekly PPZ.
Indicators show the past. Price Action "Indicates" the future.
  • #51,842
  • Jan 17, 2010 8:56pm Jan 17, 2010 8:56pm
Quoting didymario
I Think so too J, I am currently backtesting(using fx tester) and demo trading this approach. (higher time frame ppz, TL, BRN etc and lower tf PA trigger ) and I am pleased with the outcome so far.

I will be grateful if you can keep an eye on my trades as they happen.

Hunri.

I'll do my best Hunri. lol

If their A+ trades you'll do just fine.
Indicators show the past. Price Action "Indicates" the future.
  • #51,843
  • Jan 17, 2010 9:36pm Jan 17, 2010 9:36pm
nice to have jarroo posting again lol... good stuff.
Many choose unhappiness over uncertainty.
  • #51,844
  • Jan 17, 2010 9:53pm Jan 17, 2010 9:53pm
Quoting Dan Gilbert
nice to have jarroo posting again lol... good stuff.
Thanks Dan.

Its nice to be back at it.
Indicators show the past. Price Action "Indicates" the future.
  • #51,845
  • Jan 17, 2010 10:01pm Jan 17, 2010 10:01pm
Quoting Investor7

Thank you again.
I'm on my way I7. lol (just kidding)

How sick would that computer setup be. wow.
Indicators show the past. Price Action "Indicates" the future.
  • #51,846
  • Jan 17, 2010 10:21pm Jan 17, 2010 10:21pm
Quoting forexpiet
Hi,
Would this last bar be an IPB on the EURAUD Weekly?
...
Hello forexpiet!

if u havent yet, try to focus more on the basic PA setups (PB, BUOB, etc) before venturing into setups like IPB's..
just a small suggestion
  • #51,847
  • Jan 17, 2010 11:29pm Jan 17, 2010 11:29pm
Quoting relict07
Anybody feeling a bounce on the EURCAD?

Attachment

I understand the pinbar's not a pinbar unless it closes within the last bar, but this one looks legit if you utilize the proxy.

I personally think its going to retest 1.5 round number before it makes a decision to move up or down
im in long already not based on the pinbar looking for atleast 15200
  • #51,848
  • Jan 17, 2010 11:43pm Jan 17, 2010 11:43pm
Quoting Investor7
Hello Bauerjj,
Below you'll find my opinion regarding the setup. I can be right, I can be wrong, only time will tell.

I7
Attachment

Hey 17, I like your description on the location and form of the pinbar. Nice 1 bro

Hunri
  • #51,849
  • Jan 18, 2010 12:17am Jan 18, 2010 12:17am
Not trading these yet. Just having fun spotting them.

What do you think J ?

Hunri
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  • #51,850
  • Jan 18, 2010 12:50am Jan 18, 2010 12:50am
Quoting o990l6mh
Yes, I agree it looks interesting. I like the fact it formed just shy of 0.93 too.

What I really wanted to ask was: what's that indicator for broker/bar/gmt time you've got? Seems like something I'd like to get my hands on.
Here ya go!

http://www.forexfactory.com/showpost...ostcount=35190

g.
I believe . . .
  • #51,851
  • Jan 18, 2010 12:51am Jan 18, 2010 12:51am
Quoting PrymeTyme
Heya Ghous


yeap keeping an eye on it myself .. but i want to see it bounce (in a PA way) of the all mighty 9400 area .. to be `my` A+ setup

made a price projection .. all the way down to the 8100ish area

http://i.imagehost.org/t/0249/aud.jpg



cheers
That's pretty much OK.



g.
I believe . . .
  • #51,852
  • Jan 18, 2010 12:54am Jan 18, 2010 12:54am
Quoting forexpiet
Hi,

Would this last bar be an IPB on the EURAUD Weekly?

Thanks,

FP
Hey FP,

Not exactly,

Just like we want our pin bars nice and strong and long similiarly we want our IPBs to be long and authoritative too...

The Eur/Aud has been a victorious battle for the bears for a very long time now, they've been dragging price where they want and the bulls were slapped on the A$$ every time they'd put a "but" (pun intended).

Therefore I need a real revolutionist of a bull a.k.a Bullish PA to convince me to go long.

g.
I believe . . .
  • #51,853
  • Jan 18, 2010 12:56am Jan 18, 2010 12:56am
Quoting Investor7
Namaste,

You know guys; it's a privilege for me to be a part of this forum. I'm not a J16 PF subscriptor yet, but I will when the time has come.

All I want to say is THANK YOU ALL for the time, dedication, patience and shared knowledge.

In my 43 years of life, I had meet people from all over the world and been in many places, from Buenos Aires in Argentina to Barrie in Canada, and places in between....
That's what I am trading for...

Mind blowing trading stattion Investor7!!
I believe . . .
  • #51,854
  • Jan 18, 2010 1:14am Jan 18, 2010 1:14am
Quoting Investor7
Namaste,

You know guys; it's a privilege for me to be a part of this forum. I'm not a J16 PF subscriptor yet, but I will when the time has come.

All I want to say is THANK YOU ALL for the time, dedication, patience and shared knowledge.

In my 43 years of life, I had meet people from all over the world and been in many places, from Buenos Aires in Argentina to Barrie in Canada, and places in between....
Inv7, I think many of us feel the same. =)
That's an AWESOME place in the world. Beautiful!
And I love that trading room.
Drool worthy...
One Mind, Any Market
  • #51,855
  • Jan 18, 2010 2:11am Jan 18, 2010 2:11am
I7, that was a very nice post to read.

Thank You
If you wish to know the road, inquire of those who have traveled it.
  • #51,856
  • Jan 18, 2010 4:23am Jan 18, 2010 4:23am
1 hr b/o trade with 15mins trigger. Still trailing using BAT, but my initial stop loss has been moved to 1.6765 to cut loss short.

Hunri
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  • #51,857
  • Edited 11:46pm Jan 18, 2010 5:19am | Edited 11:46pm
Well, i entered the weekly DHLC at 0.8810, the price is just abofe the 61.8 fibo but under the 0.8800 level, so i moved the SL to BE.

http://img696.imageshack.us/img696/7...16eurgbp03.gif
  • #51,858
  • Jan 18, 2010 6:33am Jan 18, 2010 6:33am
Quoting nasir.khan
Hey nathan want a new Avatar.

Man draws with his mouth!!!!
WOW.......that is amazing! Nice find Nasir.
  • #51,859
  • Jan 18, 2010 6:36am Jan 18, 2010 6:36am
Quoting dobe_r_man
WOW.......that is amazing! Nice find Nasir.
You like it thanks.

Ohhh looks fantastic in your Avatar.
  • #51,860
  • Jan 18, 2010 6:41am Jan 18, 2010 6:41am
Quoting nasir.khan
You like it thanks.

Ohhh looks fantastic in your Avatar.
Shadow says she likes it........
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