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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

  • #68,821
  • Jul 15, 2010 11:53pm Jul 15, 2010 11:53pm
Quoting adam777
Thanks Jarroo.

I will back test both: "moving the stop immediately" and "waiting till the close of the trigger bar", and see which works best.

Both ways work great on the A+ trades.
Indicators show the past. Price Action "Indicates" the future.
  • #68,822
  • Jul 16, 2010 12:04am Jul 16, 2010 12:04am
Quoting slade1986
Aud/USD

Would this be considered a good IPB?

Edit: Not sure if it was good, but I moved to BE so it's free...

Quoting ghous
Very nice sir,

We had some great things going with this bar.

It's hitting the FTA and so I love the fact that it is now a free trade for you.

g.

That one is working out great. I agree ghous, alot of things going for this one . . the size is very good , at a swing high and did I mention the size.

I would have liked the top wick above the prevoius bar high (chart).

The IPB are great for moving to break even once they are going in your direction . .ask ghous about his Weekly Gold IPB .
Attached Image (click to enlarge)
Click to Enlarge Name: audipb.gif Size: 26 KB
Indicators show the past. Price Action "Indicates" the future.
  • #68,823
  • Jul 16, 2010 12:05am Jul 16, 2010 12:05am
Quoting Dan Gilbert
anyone here think maybe just maybe there's a 51% chance that today was the beginning of the domino effect....
remember our posts back in May27?
me thinks retracement started in May (or probably earlier) for some currency pairs, & retracement went on throughout June for several other pairs.

i expected eur$ 1.2900, that's done.... i still expect possible move to 1.30 - 1.34. if we get there, only then will i assess what price will likely do.
u got a great foresight, 1.35 & 1.3870
Let's see..

(being an uber-impatient guy, lol) i still lack the patience required to trade/acquire the majority of BIG BIG moves, but sooner or later....
  • #68,824
  • Jul 16, 2010 12:08am Jul 16, 2010 12:08am
Quoting ghous
Very nice sir,

We had some great things going with this bar.

It's hitting the FTA and so I love the fact that it is now a free trade for you.

g.

I guess you could use the previous bar high with the IPB . . like a proxy high IPB . .what you think g?
Attached Image (click to enlarge)
Click to Enlarge Name: audipba.gif Size: 23 KB
Indicators show the past. Price Action "Indicates" the future.
  • #68,825
  • Jul 16, 2010 12:15am Jul 16, 2010 12:15am
Quoting jarroo
That one is working out great. I agree ghous, alot of things going for this one . . the size is very good , at a swing high and did I mention the size.

I would have liked the top wick above the prevoius bar high (chart).

The IPB are great for moving to break even once they are going in your direction . .ask ghous about his Weekly Gold IPB .

Thanks Guys, TP Just a few pips away now. Locked in some profit now though.
  • #68,826
  • Jul 16, 2010 12:17am Jul 16, 2010 12:17am
Quoting slade1986
Thanks Guys, TP Just a few pips away now. Locked in some profit now though.
That one worked out very nice. . .did it have any draw down? I don't think so.
Indicators show the past. Price Action "Indicates" the future.
  • #68,827
  • Jul 16, 2010 12:18am Jul 16, 2010 12:18am
Quoting spookie94
not PB, an I4B. I'm only looking at a short on this one due to resistance at 84.00. MACD showing confluence also for a possible short. FTA about 83.00. Any suggestions or comments?
In my excitement I referred to a PB - don't see that here either, also no I4B on my chart which is what I meant to say. But that doesn't mean that it's not a right trade. There is a break now on the short side as I see it, but me personally, I'll sit this one out - doesn't tick my boxes. As I said - doesn't mean it won't work out, just doesn't do it for me - different strokes for different folks
  • #68,828
  • Jul 16, 2010 12:22am Jul 16, 2010 12:22am
Quoting jarroo
That one worked out very nice. . .did it have any draw down? I don't think so.

I only had a 12 pip draw down..
  • #68,829
  • Jul 16, 2010 12:26am Jul 16, 2010 12:26am
Quoting slade1986
I only had a 12 pip draw down..

What was your close on the IPB? Fxpro had .8842 about 2 pip DD.
Indicators show the past. Price Action "Indicates" the future.
  • #68,830
  • Jul 16, 2010 12:27am Jul 16, 2010 12:27am
Quoting Pinbar
Hmm, this may also be a breakout trade, considering the sideways movement of the H1 TF. We seem t have broken out of the lower range with a possible retest on the cards. H4 also looks like a breakout has occurred.

Some nice boxes on the Daily too, Pb.
Attached Image (click to enlarge)
Click to Enlarge Name: caddd.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #68,831
  • Jul 16, 2010 12:29am Jul 16, 2010 12:29am
Took this inside bar Also, But I tightened my Stop too quick before trying to get some sleep, and got stopped at BE. Would've worked out pretty good.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-AUD-4H.jpg Size: 111 KB
  • #68,832
  • Jul 16, 2010 12:31am Jul 16, 2010 12:31am
Quoting jarroo
What was your close on the IPB? Fxpro had .8842 about 2 pip DD.

Sorry, I didn't get the entry right at close... .8836
  • #68,833
  • Jul 16, 2010 12:34am Jul 16, 2010 12:34am
Quoting slade1986
Sorry, I didn't get the entry right at close... .8836
I understand. You got to be quick since the entry is at the close. We'll just say you had a 6 pip buffer.
Indicators show the past. Price Action "Indicates" the future.
  • #68,834
  • Jul 16, 2010 12:36am Jul 16, 2010 12:36am
Quoting jarroo
I understand. You got to be quick since the entry is at the close. We'll just say you had a 6 pip buffer.

Yea, first IPB... Had to go back and review examples, make sure I knew what I was doing...

Well back to bed for a few more hours....
  • #68,835
  • Jul 16, 2010 12:37am Jul 16, 2010 12:37am
Quoting slade1986
Took this inside bar Also, But I tightened my Stop too quick before trying to get some sleep, and got stopped at BE. Would've worked out pretty good.

Nice Dale Double Inside Bar with the trend.

Nothing wrong with BE.
Indicators show the past. Price Action "Indicates" the future.
  • #68,836
  • Jul 16, 2010 12:39am Jul 16, 2010 12:39am
Quoting jarroo

Nothing wrong with BE.
BE goes into the 'win' column in my book. Of course I may be kicking myself as I write it in, but that's where it goes.
  • #68,837
  • Jul 16, 2010 12:41am Jul 16, 2010 12:41am
Quoting Rosentrade
BE goes into the 'win' column in my book. Of course I may be kicking myself as I write it in, but that's where it goes.

Don't kick yourself . . . just smile . .and remember when they went the other way.
Indicators show the past. Price Action "Indicates" the future.
  • #68,838
  • Edited 12:54am Jul 16, 2010 12:43am | Edited 12:54am
Yes, Jarroo, I am keeping my eye on this one.
Attached Image(s) (click to enlarge)
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  • #68,839
  • Jul 16, 2010 12:43am Jul 16, 2010 12:43am
Quoting jarroo
That one is working out great. I agree ghous, alot of things going for this one ...
Quoting jarroo
I guess you could use the previous bar high with the IPB . . like a proxy high IPB . .what you think g?
Quoting slade1986
Thanks Guys, TP Just a few pips away now. Locked in some profit now though.
Quoting jarroo
What was your close on the IPB? Fxpro had .8842 about 2 pip DD.
slade1986,
nice IPB trade, Sir.
taking note of that via this post.
  • #68,840
  • Jul 16, 2010 12:45am Jul 16, 2010 12:45am
Quoting jarroo
Don't kick yourself . . . just smile . .and remember when they went the other way.
Heh! too true... that's when I give myself a big pat on the back while I'm writing it in. Hard to remember that while you're kicking yourself though sometimes.
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