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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

  • #67,881
  • Jul 2, 2010 1:02am Jul 2, 2010 1:02am
Quoting ddinnov
I took it on my 'crazy/gambling' demo account. I have 2 demos, one for serious trading that I'm doing minimum requirements and one for trades that I'd love to take but not too sure if I should.

Did its job for me as well
Congrats ddinnov!

Haha great idea to have those 2 different demos, even though it makes good to only trade those real deals also when demoing. Confidence grows right to the strategy Which one is more positive?

I can guess Though J16 really hits those FTAs with so good procentage that you may have your gambling demo in a good condition.

Happy trading,
Nuc
  • #67,882
  • Jul 2, 2010 1:35am Jul 2, 2010 1:35am
This H4 feed looks like a nice bearish engulfing bar off a swing high which retests the ppz:

Attached Image (click to enlarge)
Click to Enlarge Name: audusd100702h4.gif Size: 18 KB


Sorry I think they're called BEOB's here...
Gone to a better place
  • #67,883
  • Jul 2, 2010 1:50am Jul 2, 2010 1:50am
PB formed on the 8H bar and touched VBRN 75. Any takers?
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  • #67,884
  • Jul 2, 2010 1:52am Jul 2, 2010 1:52am
Quoting nuclear62
Congrats ddinnov!

Haha great idea to have those 2 different demos, even though it makes good to only trade those real deals also when demoing. Confidence grows right to the strategy Which one is more positive?

I can guess Though J16 really hits those FTAs with so good procentage that you may have your gambling demo in a good condition.

Happy trading,
Nuc
Thanks! I find it helps to have a separate account for more risky trades. Just as long as it doesn't take over!
Anything can happen.
  • #67,885
  • Jul 2, 2010 1:56am Jul 2, 2010 1:56am
Quoting ertorque
PB formed on the 8H bar and touched VBRN 75. Any takers?
I'm long AUD/JPY off the daily PIN yesterday - again on my high risk/gambling/experiment account.

Not too sure about that 4H PIN as hasn't closed within the body of the left eye and hasn't closed as a bearish (red) bar either.

Anything can ahppen today though I suppose
Anything can happen.
  • #67,886
  • Edited 2:14am Jul 2, 2010 2:11am | Edited 2:14am
Quoting ddinnov
I'm long AUD/JPY off the daily PIN yesterday - again on my high risk/gambling/experiment account.

Not too sure about that 4H PIN as hasn't closed within the body of the left eye and hasn't closed as a bearish (red) bar either.

Anything can ahppen today though I suppose

The chart I posted was an 8H chart and the open/close of the PB is below the high (eye) of the previous bar. You're right about it not closing lower than it's open though.

The daily bullish PB has reached it's FTA (yellow box) and BRN and seems to be loosing steam (it may have done it's job as what we like to say in this thread).
So yeah, could be a signal to short now . Based on 8H chart, FTA would be 73.4ish
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  • #67,887
  • Jul 2, 2010 3:16am Jul 2, 2010 3:16am
Quoting Atc
1st tgt hit .....stop to break even
Stopped out to break even on 2nd lot while asleep should have realized holiday weekend in usa low activity? Maybe should have taken 2nd lot target at FTA.
  • #67,888
  • Jul 2, 2010 3:39am Jul 2, 2010 3:39am
Quoting ertorque
The chart I posted was an 8H chart and the open/close of the PB is below the high (eye) of the previous bar. You're right about it not closing lower than it's open though.

The daily bullish PB has reached it's FTA (yellow box) and BRN and seems to be loosing steam (it may have done it's job as what we like to say in this thread).
So yeah, could be a signal to short now . Based on 8H chart, FTA would be 73.4ish
And this is why I took it on my experimenting account Trade is heading south - wondering it 74 will be a pivot...
Anything can happen.
  • #67,889
  • Jul 2, 2010 3:44am Jul 2, 2010 3:44am
Quoting ertorque
PB formed on the 8H bar and touched VBRN 75. Any takers?
me on daily
Don't give up
  • #67,890
  • Jul 2, 2010 3:53am Jul 2, 2010 3:53am
Quoting geomink
me on daily


it's not working by now
bad retesting after pullback
seems wanna go south
let we see.............
Don't give up
  • #67,891
  • Jul 2, 2010 3:58am Jul 2, 2010 3:58am
Quoting smikester
This H4 feed looks like a nice bearish engulfing bar off a swing high which retests the ppz:

Attachment

Sorry I think they're called BEOB's here...
Smick

I as looking at this area this afternoon, but my H4 feed just seems to show two confused small PBs that don't know which way they want to go.

I am wondering if this FXDD feed on my live account is not so good.

What broker is that feed Smick?
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  • #67,892
  • Jul 2, 2010 3:58am Jul 2, 2010 3:58am
Quoting geomink
it's not working by now
bad retesting after pullback
seems wanna go south
let we see.............
74 is a recent daily PPZ, lets see what happens. NFP in an hour and a half!

Nothing open on my serious demo, probably won't till Tuesday.
Anything can happen.
  • #67,893
  • Jul 2, 2010 4:42am Jul 2, 2010 4:42am
Quoting Pinbar
Smick

I as looking at this area this afternoon, but my H4 feed just seems to show two confused small PBs that don't know which way they want to go.

I am wondering if this FXDD feed on my live account is not so good.

What broker is that feed Smick?
Hi Pinbar that would be GMT+2 currently which is BST+1 and it's Alpari UK feed. I don't know if I should be encouraging trading on NFP day when broker spreads can sometimes knock us out of perfectly good trades...
Gone to a better place
  • #67,894
  • Jul 2, 2010 4:55am Jul 2, 2010 4:55am
Quoting smikester
Hi Pinbar that would be GMT+2 currently which is BST+1 and it's Alpari UK feed. I don't know if I should be encouraging trading on NFP day when broker spreads can sometimes knock us out of perfectly good trades...
I have fixed spreads with the broker I'm with at the moment and usually don't like it too much - they're a bit steep - but I'm just sitting on the sidelines watching the action on this one. See a nice trade I wouldn't mind getting in on... maybe demo...or maybe not
  • #67,895
  • Jul 2, 2010 5:26am Jul 2, 2010 5:26am
Quoting smikester
Hi Pinbar that would be GMT+2 currently which is BST+1 and it's Alpari UK feed. I don't know if I should be encouraging trading on NFP day when broker spreads can sometimes knock us out of perfectly good trades...

Thanks Smikster.

No, I was not interested in taking it on a NFEC day.
No need to worry there.
  • #67,896
  • Jul 2, 2010 8:04am Jul 2, 2010 8:04am
:nerd: next week will be interesting in the markets.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #67,897
  • Jul 2, 2010 8:14am Jul 2, 2010 8:14am
Any one watched that 12H PB on the USDJPY? (on the 88.0 level big PPZ on weekly).
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  • #67,898
  • Jul 2, 2010 8:16am Jul 2, 2010 8:16am
Quoting FXChallenged
Hi All,

This is my first post. I've been lurking for a while, and want to thank all of you who have been so generous in sharing your knowledge. I've learned a ton already, but the most important thing I've learned is that I still have a lot to learn...

I took a trade (demo)...
Hey Eric,

Welcome and glad you are enjoying the thread

I think it is valid, but I would just caution you to look for matching lows that are more exact. The more exact they are you are going to see the strength in this simple approach go up 100 fold(at least from my experience)

Keep posting
Mike
  • #67,899
  • Jul 2, 2010 8:20am Jul 2, 2010 8:20am
How do you do it Mike? :O you're everywhere, from what it seems all the time! and always answer questions promptly!

I think you need to take a vacation bro and enjoy some free time... and just be lazy for a day or two chilling on the beach in the bahamas with an ice cold beer


edit: I've figured it out!!!! Mike has a time machine!
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #67,900
  • Jul 2, 2010 8:33am Jul 2, 2010 8:33am
Quoting s2659
How do you do it Mike? :O you're everywhere, from what it seems all the time! and always answer questions promptly!

I think you need to take a vacation bro and enjoy some free time... and just be lazy for a day or two chilling on the beach in the bahamas with an ice cold beer


edit: I've figured it out!!!! Mike has a time machine!
haha I am glad you say this even when I got home at 5am , I slept till 11am today and it felt good(even if my head doesn't)

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