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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

Not a perfect PB by any means but interesting enough for me.

EURAUD Daily
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PPZ goes back... waaaayyy back 1999
Quoting Bemac
Not a perfect PB by any means but interesting enough for me.

EURAUD Daily

PPZ goes back... waaaayyy back 1999
Yeah I saw that move up. it wiped out . . what . . 13 weeks of a down move. That would have been one hella of touch trade.

Looks good B.
Indicators show the past. Price Action "Indicates" the future.
Quoting Pinbar
Phew......Got my head back on in a semi straight direction after Once Again, Chasing the illusive PPZ indicator.

I don't know what is going on, maybe lack of confidence in my PPZ even though Jarroo and others have been incredibly supportive and encouraging.

More than likely, it is a lack of confidence in myself which I could possibly be making a subconscious excuse that the problem is my PPZ, then I run off all over the web looking for the holy grail indicator, even though I know full well, PPZ can not be drawn effectively by an indicator because...

Keep that live account on hold for awhile, Pb. Just some freindly advise my friend. What's your hurry? Market isn't going anywhere.

We can work on some more PPZ levels if you like.
Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
Yeah I saw that move up. it wiped out . . what . . 13 weeks of a down move. That would have been one hella of touch trade.

Looks good B.
too bad anyone trying to touch trade long on euraud would have had 13 weeks of PAIN before this past week
Many choose unhappiness over uncertainty.
Quoting Dan Gilbert
too bad anyone trying to touch trade long on euraud would have had 13 weeks of PAIN before this past week
I'm sure there was some bottom pickers in that year long drop.
But they finally decided to eat the loss last week. lol
Indicators show the past. Price Action "Indicates" the future.
Quoting fxprocessor
Well that didn't quite go to plan

I have actually been reasonably successfull recently so typical that a trade I post on the thread goes t**s up. Anyway back to waiting mode as Bundy would say
Oh well it didn't pan out. I thought it was a good learning experience for many.


Just check out the difference between the Gbp/Jpy PBs and the current 2 Day PB on the Euro. Actually, they're not at all that different even down to the HnS patterns on the lower time frames. Both were small compared to the down move they had to counter with limited confluences if any.

The only key (big) difference was how the broke and how they behaved once they broke.
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Indicators show the past. Price Action "Indicates" the future.
these market conditions can be very agravating... one minute you are cruising on 200+pips, the next second you are stopped out at B/E.... *sigh*
Many choose unhappiness over uncertainty.
Dan,
200pips is a lot, bro.
if u are on account building mode like me, u got to bank some profits...
1/2, 1/3, 3/4 of the 200pip move, whatever, just bank some,
dont let it go to zero.
Quoting jarroo
Keep that live account on hold for awhile, Pb. Just some freindly advise my friend. What's your hurry? Market isn't going anywhere.

We can work on some more PPZ levels if you like.



Yes, I think you are right Jarroo.
There is no rush.

Yes, if you don't mind, I can do with all the practice I can get.

Bring it on, JaRRoooooooooooooooooooooooooooooooooooo.




PS: Maybe, I should just try to pick out the flip areas.
I noticed you and others do this exceedingly well.

To me it seems difficult because even though I have invested thousand hours of chart time, somehow my eye is attuned to the noise more than the bars that should be screaming out to me.


Ok, please stipulate a pair or pairs and I will get my sleeves rolled up and have at them.
Quoting jarroo
Oh well it didn't pan out. I thought it was a good learning experience for many.


Just check out the difference between the Gbp/Jpy PBs and the current 2 Day PB on the Euro. Actually, they're not at all that different even down to the HnS patterns on the lower time frames. Both were small compared to the down move they had to counter with limited confluences if any.

The only key (big) difference was how the broke and how they behaved once they broke.

Yeah, I posted about that EU R H&S yesterday but Nooone seemed interested in it. I was thinking maybe H&S are a kind of Taboo in this thread or something.
Hey Pinbar,
u should remember that this is a forum, & an international forum at that.
traders live in different timezones, got different lifestyles, got jobs, businesses etc.
add to that, this thread moves fast, its NOT uncommon to find several posts getting overlooked.

also, we always try to look for PA when we look at setups. perhaps traders didnt find a PA setup on that H&S in their respective charts, so...

perhaps, a confluence of the above factors were at play.
Quoting Pinbar
Yes, I think you are right Jarroo.
There is no rush.

Yes, if you don't mind, I can do with all the practice I can get.

Bring it on, JaRRoooooooooooooooooooooooooooooooooooo.




PS: Maybe, I should just try to pick out the flip areas.
I noticed you and others do this exceedingly well.

To me it seems difficult because even though I have invested thousand hours of chart time, somehow my eye is attuned to the noise more than the bars that should be screaming out to me.


Ok, please stipulate a pair or pairs and I will get my sleeves...

Wow, that's alot of ooos. lol

Here's one for you. . .Gbp/Usd.

Sorry I must have missed that post on HnS.
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Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
Wow, that's alot of ooos. lol

Here's one for you. . .Gbp/Usd.

Sorry I must have missed that post on HnS.
And this one too, Pb. Nzd/Jpy
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Indicators show the past. Price Action "Indicates" the future.
Keep at it Pinbar....the pyschological aspects of trading are the key. Master yourself, have a trading plan and stick to it and use sound MM and you'll be fine.

Don't be in a hurray either...pick a pattern....say your name sake and just trade those on demo off the longer timeframes....you'll build confidence in the method and patience....both are essential.

I'm also a believer of matching the timeframe you trade to your internal make-up....I trade daily's & weekly's with an occasional 4hr trade because that is what I feel most comfotable with.....that coupled with the fact that I have no desire to stare at charts all day....there are too many other cool things to do....but that is just what works for me.....you'll find your own niche that fits your trading personality.

Currently for me....just one trade in play....an AUDUSD short from a not exactly perfect PB on the daily a week back so that is travelling quite nicely at the moment....I've only got +141 pips locked in at present and probably won't move my stop until Monday....mainly because I'm stuck in a Hilton hotel room with a crappy netbook and no charting and dealing software loaded

Meh!....it'll be ok

Stick at it bro

Cheers

Dave
Quoting jarroo
And this one too, Pb. Nzd/Jpy

Thanks Jarro

I will get to it.


And thanks Tehuringa for the encouragement.

Yes, the psychological side of things is what is the problem I believe.

I think my confidence level is down, maybe too much questioning of setups.

Now, isn't that a paradox, too much questioning of setups.
Hey guys

I just signed up but I have been following this thread for a looong time, and have been a member of the PF for 6 months.

Hope noone minds me joining the discussions here
Thanks to everyone that posts here on a regular basis. You guys are great

Here's a trade I took this morning

EUR/USD
4 HOUR
SHORT
PIN, RN, TRENDLINE..
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Quoting tehuringa
Keep at it Pinbar....the pyschological aspects of trading are the key. Master yourself, have a trading plan and stick to it and use sound MM and you'll be fine.

Meh!....it'll be ok

Stick at it bro
Couldn't have said it better myself.

Pinbar, you've been at it for such a seriously short time. Your brain will wrap itself around it all when it gets time to heal itself. If you give it a chance to heal. lol
Bundy's status today: "Waiting..."
Quoting Pinbar
Thanks Jarro

I will get to it.


And thanks Tehuringa for the encouragement.

Yes, the psychological side of things is what is the problem I believe.

I think my confidence level is down, maybe too much questioning of setups.

Now, isn't that a paradox, too much questioning of setups.
Why don't you start with waiting for trades at Double Bottoms or 61.8% retracement zones?

I'll add a chart to this post in a few mins.


edit: AAARRRG ...always harder to find them in hindsight .LOL ...Someone??
Bundy's status today: "Waiting..."
Pinbar will get it, because he is, after all, pinbar. he is the PA itself.
Quoting supremeChaos
Pinbar will get it, because he is, after all, pinbar. he is the PA itself.
LOL ..."To find success ...first you must find yourself."
Bundy's status today: "Waiting..."
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