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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

  • #53,081
  • Jan 27, 2010 5:00pm Jan 27, 2010 5:00pm
Quoting MattW
Like this one on USDSGD?
Hey Matt

for me to consider it as a continuation it would have had to close above that whole range of prior bars(the four prior).

As a side note, it is pretty much a 3bar high on my daily which is a sign of continuation if broken, which would give it a lot better reason to take it if anything as a 3bar high break with a buob giving the tip off which brings 1.41 into the works

Mike
  • #53,082
  • Jan 27, 2010 5:08pm Jan 27, 2010 5:08pm
Quoting mbqb11
Hey Matt

for me to consider it as a continuation it would have had to close above that whole range of prior bars(the four prior).

As a side note, it is pretty much a 3bar high on my daily which is a sign of continuation if broken, which would give it a lot better reason to take it if anything as a 3bar high break with a buob giving the tip off which brings 1.41 into the works

Mike
Ah I get you. You want the continuation OB to also break the range thus indicating the breakout and resumption of the trend.
  • #53,083
  • Jan 27, 2010 5:16pm Jan 27, 2010 5:16pm
Quoting MattW
Ah I get you. You want the continuation OB to also break the range thus indicating the breakout and resumption of the trend.
yes a BUOB engulfing a range is a very strong indication of where price wants to go next(temp or longer term), to me a buob engulfing and being able to close above that range is even strong indication of where the flow is headed


Time for some food!
Mike
  • #53,084
  • Jan 27, 2010 5:18pm Jan 27, 2010 5:18pm
Quoting jlmac27
Hello Marxdhr,
Maybe this will clear a little up for you.This is a response I got from Jim when asking a similar question...
Thanks for sharing this, jlmac27
nice 7 A.M. reading for me
  • #53,085
  • Jan 27, 2010 5:23pm Jan 27, 2010 5:23pm
Thanks Mike, appreciated as always
  • #53,086
  • Jan 27, 2010 5:28pm Jan 27, 2010 5:28pm
hi guys, what do you think of this pair?

daily pin bar forming, with divergence. could it bounce off the major support?
Attached Image
  • #53,087
  • Jan 27, 2010 5:38pm Jan 27, 2010 5:38pm
and this,

2 day pin bar? with divergence, resting on 61.8fib.
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  • #53,088
  • Jan 27, 2010 5:39pm Jan 27, 2010 5:39pm
Quoting aaron655
hi guys, what do you think of this pair?

daily pin bar forming, with divergence. could it bounce off the major support?
The location is good . . at a PPZ level (Support level), off a round number and at the bottom of a consolidation period. So we are good with location. But the size is a concern, pretty small. (Much like the Eur/Jpy)

Is it tradable? Sure it is. But I would play it very tight meaning get to break even quickly or spead the risk by taking partial profits.
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Indicators show the past. Price Action "Indicates" the future.
  • #53,089
  • Jan 27, 2010 5:53pm Jan 27, 2010 5:53pm
Quoting supremeChaos
Thanks for sharing this, jlmac27
nice 7 A.M. reading for me
Glad I could help.I was gone for ahwile from here,I just recently watched james last video,I think I will watch this once a month to keep me in line.A chart just seems to make sense when you stay with this thread.
  • #53,090
  • Jan 27, 2010 5:55pm Jan 27, 2010 5:55pm
Quoting jarroo
It'll be back.
It will ... @ 130...?

It will only take 'one' word from Greece, right Zorba?
  • #53,091
  • Jan 27, 2010 5:59pm Jan 27, 2010 5:59pm
Quoting raczekfx
It will ... @ 130...?

It will only take 'one' word from Greece, right Zorba?

Tou ché, Rac-man, tou ché.
Indicators show the past. Price Action "Indicates" the future.
  • #53,092
  • Jan 27, 2010 6:03pm Jan 27, 2010 6:03pm
and this,

pin bar formed on price pivot with divergence, just bounced off 61.8fib.
Attached Image
  • #53,093
  • Jan 27, 2010 6:18pm Jan 27, 2010 6:18pm
Quoting aaron655
and this,

2 day pin bar? with divergence, resting on 61.8fib.
Hi Aaron,

I would be careful, if you combine the open low high and close of these two bars they do not make a pin bar. More of an indecision bar. We only want to play clear strong bars. Your other examples were better, but none of the pinbars I see on the jpy pairs today are really strong in terms of shape/length. This doesn't mean you can't play them, it just means location becomes more important, as does trade management.

My advice is stick to A+++ setups while you are learning. Also, be careful with looking back too far for divergence, usually the best divergence is fairly close and super obvious.

Keep it up, this is a great place to learn and ask questions.

Cory
  • #53,094
  • Jan 27, 2010 6:20pm Jan 27, 2010 6:20pm
Quoting Cbh123
Hi Aaron,

I would be careful, if you combine the open low high and close of these two bars they do not make a pin bar. More of an indecision bar. We only want to play clear strong bars. Your other examples were better, but none of the pinbars I see on the jpy pairs today are really strong in terms of shape/length. This doesn't mean you can't play them, it just means location becomes more important, as does trade management.

My advice is stick to A+++ setups while you are learning. Also, be careful with looking back too far for divergence, usually...
Well said Cory. Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #53,095
  • Jan 27, 2010 6:33pm Jan 27, 2010 6:33pm
My projection, I'm waiting for that break...
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Back to the beginning ... demo
  • #53,096
  • Jan 27, 2010 6:58pm Jan 27, 2010 6:58pm
can anyone give me links to james16 education videos? I'd like to refresh those useful infos. Cheers.
  • #53,097
  • Jan 27, 2010 7:02pm Jan 27, 2010 7:02pm
Quoting mankeyinc
can anyone give me links to james16 education videos? I'd like to refresh those useful infos. Cheers.

http://www.james16group.us/
here is the link to his website, the free video's is in the guest section.
and only someone from sweden will end with cheers. LOL
You got to know when to hold them, and know when to fold them.
  • #53,098
  • Jan 27, 2010 7:29pm Jan 27, 2010 7:29pm
This nice breakout trade was stopped out b/c I decided to move my S/L in super tight... this is the demo account where experimental trades are executed (and usually fail)....

The hypothesis for this experiment was that moving your S/L too soon is a bad idea.

The conclusion for this experiment matched the hypothesis.
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Many choose unhappiness over uncertainty.
  • #53,099
  • Jan 27, 2010 8:03pm Jan 27, 2010 8:03pm
Got in at the right time
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lowest draw down possible please.
  • #53,100
  • Jan 27, 2010 8:16pm Jan 27, 2010 8:16pm
Quoting ehrek
Got in at the right time
you got my vouch, between this, and the E/J breakout.... I love the way you trade. good stuff.
Many choose unhappiness over uncertainty.
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