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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

  • #66,661
  • Jun 17, 2010 11:21pm Jun 17, 2010 11:21pm
Quoting jarroo
Also the 1st PB's Open was not within the previous bar.

Nice job fxe. These important points that you make here may seem minor but they are Huge. The can easily make or break a profitable setup.

Well done.
Didn't realize that. Gasp! I'll have to start making notes!

Quoting mbqb11
Hey FX

I wouldn't say either of these failed though....
Thanks for the input Mike, and clearing up misused terminologies haha. This thread enjoys what it is today thanks to kind people like you, Jarroo and other seniors who never get tired of repeating the same points over and again so that newcomers could catch up.

Quoting mbqb11
This happens to me ALL the time. You can nail an analysis but either fail to pull the trigger, or things just don't line up right. You get used to it
Yup. Not profiting is better than losing! It's one way I see it!

And back to charts, I'll be keeping my eyes on this atm...
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  • #66,662
  • Jun 17, 2010 11:30pm Jun 17, 2010 11:30pm
Quoting Pinbar
No, I am not Japanese...Yes, the girls are sweet until you marry them.

I am semi retired here, it seems. Been here too long, it has lost its magic, maybe time for another country.
LOL. I thought Japanese wives are submissive?? Ever thought of moving to South East Asia, specifically Malaysia? Weather here is dominantly warm and wet all year long (tropical), we have nice beaches and islands, shopping is adequate, bars aplenty, people is great but the cons are the traffic jams and bad government lol...
  • #66,663
  • Jun 17, 2010 11:45pm Jun 17, 2010 11:45pm



Quoting mbqb11
you sly dog waiting right till 641 pm
  • #66,664
  • Jun 17, 2010 11:47pm Jun 17, 2010 11:47pm
Quoting fxeturn
Didn't realize that. Gasp! I'll have to start making notes!
I was thinking about that right after I posted it. How can the Open not be within the previous bar? Open is the Close of the previous bar. lol

Well it was a Monday Open so who knows what happen over the weekend, I would say that it was within the previous bar, and it was valid structurally. But the size was too small.
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Indicators show the past. Price Action "Indicates" the future.
  • #66,665
  • Jun 18, 2010 12:21am Jun 18, 2010 12:21am
Hi guys,
I'm new to James16 trading style. I just want to confirm if this GU 1hr chart show a Pin Bar, which usually use as a reversal sign. Thank's
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  • #66,666
  • Jun 18, 2010 12:28am Jun 18, 2010 12:28am
Hi there,
I stumbled across this thread a few days ago and since then have been slowly and methodologically wading through the awesome volume of quality material you have here. I've been glancing at FF forums for a couple of years on and off, but finally registered as a result of learning so much in a short period of time. I've got a loooong way to go till I've finished reading this thread, but I'll get there.

In the meantime, I just wanted to say that the information and tools here are fantastic, and generously made available for the use of other traders. Thanks very much James16 and the other regular and generous contributors.
  • #66,667
  • Jun 18, 2010 12:28am Jun 18, 2010 12:28am
Quoting jarroo
I was thinking about that right after I posted it. How can the Open not be within the previous bar? Open is the Close of the previous bar. lol

Well it was a Monday Open so who knows what happen over the weekend, I would say that it was within the previous bar, and it was valid structurally. But the size was too small.

Jarroo on my FXDD feed the open of that PB in the uptrend is actually outside the high of the previous bar. If the open of a PB is outside the High of the previous bar, I presume this invalidates the bar as a PB?
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  • #66,668
  • Jun 18, 2010 12:35am Jun 18, 2010 12:35am
Quoting lovefx
Hi guys,
I'm new to James16 trading style. I just want to confirm if this GU 1hr chart show a Pin Bar, which usually use as a reversal sign. Thank's
Yes that's correct. We like to see these at swing High (or Lows) so there is some space and not traffic that we are trading into. Like the green area on the chart, this would be considered traffic. But as you can see it did go to where we would have expected, the previous bar low.
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Indicators show the past. Price Action "Indicates" the future.
  • #66,669
  • Jun 18, 2010 12:37am Jun 18, 2010 12:37am
Quoting Pinbar
Jarroo on my FXDD feed the open of that PB in the uptrend is actually outside the high of the previous bar. If the open of a PB is outside the High of the previous bar, I presume this invalidates the bar as a PB?
Did you see my previous post on this, Pb?
Indicators show the past. Price Action "Indicates" the future.
  • #66,670
  • Jun 18, 2010 12:41am Jun 18, 2010 12:41am
Quoting jarroo
Did you see my previous post on this, Pb?

Yes, I saw that, and that is why I am asking.
You said, "The open is the close of the previous bar".

The PB open on your candle chart does appear to be within the high of the previous bar. However my chart showing the bar chart shows the open of the PB outside the high of the previous bar.
  • #66,671
  • Jun 18, 2010 12:48am Jun 18, 2010 12:48am
Quoting Pinbar
Yes, I saw that, and that is why I am asking.

The PB open on your candle chart does appear to be within the high of the previous bar. However my chart showing the bar chart shows the open of the PB outside the high of the previous bar.

Due to the weekend, no knows where the previous bar High was located at . . so that PB might have been within that previous bar. But since we don't know, then it doesn't qualify. So I agree with you Pb, that Open was not within the previous bar and is invalid.
Indicators show the past. Price Action "Indicates" the future.
  • #66,672
  • Jun 18, 2010 12:54am Jun 18, 2010 12:54am
Quoting jarroo
Yes that's correct. We like to see these at swing High (or Lows) so there is some space and not traffic that we are trading into. Like the green area on the chart, this would be considered traffic. But as you can see it did go to where we would have expected, the previous bar low.
Anyone find that interesting that once the PB hit its target, it reversed.
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Indicators show the past. Price Action "Indicates" the future.
  • #66,673
  • Jun 18, 2010 1:08am Jun 18, 2010 1:08am
Quoting jarroo
Due to the weekend, no knows where the previous bar High was located at . . so that PB might have been within that previous bar. But since we don't know, then it doesn't qualify. So I agree with you Pb, that Open was not within the previous bar and is invalid.

Thanks Jarroo, those Monday bars are crafty.
  • #66,674
  • Jun 18, 2010 1:13am Jun 18, 2010 1:13am
Quoting unlv_tj
...
Honestly, my dream was to always move to either Brazil or Germany (depending upon money and language skills).
Well, I am horrible at languages, so I am probably stuck in either an English speaking country, or a country where you can get by any where with English ..
I turn 32 in 12 days, and I hate where I live....
advance happy birthday
im in Asia, there are a lot of cheap countries to live in here.
here in the Philippines, most people speak/understand English.
sometimes, u dont need to speak. just point your finger or do some sign language, we can still understand.
if u live alone, u can live off of +/-$200 a month (assuming u rent a place)

Quoting tubguy
Amen!...So I guess they're not all bad. Just seems hard to find the good ones.
what do u mean by 'good ones'?
it must have to do with the location.
try here.
  • #66,675
  • Edited 1:57am Jun 18, 2010 1:25am | Edited 1:57am
Quoting jarroo
Anyone find that interesting that once the PB hit its target, it reversed.


Very solid stuff.

Once the brain learns to see these things, I imagine we can even stop using PPZ, if we use this principle on higher TF like weekly & daily.
I mean, targeting the highs and lows of significant bars.

Working on it.

EDIT: Like this EUR/GBP H1 DBHLC we can see the bar still has 5 mins left to it but, where is it likely to stop?
Right at the bar lows and bar highs. this gives us a good FTA projection. It is what happens after this that is important. I believe.

Not that I was ever thinking of taking this one, just using it as an example of how I SHOULD be thinking.
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  • #66,676
  • Jun 18, 2010 1:38am Jun 18, 2010 1:38am
Getting a bit of confluence on the GPBUSD
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  • #66,677
  • Jun 18, 2010 1:39am Jun 18, 2010 1:39am
Quoting fxeturn
From what I see, the 1st PB's failure could be due to its small size versus a strong prior uptrend. My feed also showed it failed to close below 1.31.
There's not much more to add to the analysis of Jarroo and Mike. One more thing I noticed is that the 1st PB traded right into a monthly PPZ (thick green line/rect on my chart).
Another thing I learned in this thread: If price has not yet reached the next BRN (in this case 1.1500) be careful. As you can see on the 4hr chart bulls were still keen to reach it.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #66,678
  • Jun 18, 2010 1:46am Jun 18, 2010 1:46am
Quoting unlv_tj
Honestly, my dream was to always move to either Brazil or Germany (depending upon money and language skills).
Wow, that's a strong mentality divergence. How come?
Thanks J16, Sam Seiden, Udine and Jacko
  • #66,679
  • Jun 18, 2010 2:03am Jun 18, 2010 2:03am
Quoting Pinbar
Very solid stuff.

Once the brain learns to see these things, I imagine we can even stop using PPZ, if we use this principle on higher TF like weekly & daily.
I mean, targeting the highs and lows of significant bars.

Working on it.

EDIT: Like this EUR/GBP H1 DBHLC we can see the bar still has 5 mins left to it but, where is it likely to stop?
Right at the bar lows and bar highs. this gives us a good FTA projection. It is what happens after this that is important. I believe.

Not that I was ever thinking of taking this one, just using it as an...


Right on the nose.

Just trying to build my confidence with this little exercise but on larger TF.
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  • #66,680
  • Jun 18, 2010 2:16am Jun 18, 2010 2:16am
I posted the 4 hour a few posts back. I still can't see where the GPB is heading. Here is the daily
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