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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 9:53pm Jul 15, 2010 9:53pm
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 15, 2010 10:04pm Jul 15, 2010 10:04pm
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 15, 2010 10:05pm Jul 15, 2010 10:05pm
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 15, 2010 10:08pm Jul 15, 2010 10:08pm
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 15, 2010 10:15pm Jul 15, 2010 10:15pm
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 15, 2010 10:17pm Jul 15, 2010 10:17pm
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 15, 2010 10:18pm Jul 15, 2010 10:18pm
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 15, 2010 10:22pm Jul 15, 2010 10:22pm
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 15, 2010 10:26pm Jul 15, 2010 10:26pm
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 15, 2010 10:27pm Jul 15, 2010 10:27pm
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 15, 2010 10:29pm Jul 15, 2010 10:29pm
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 15, 2010 10:31pm Jul 15, 2010 10:31pm
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 15, 2010 10:34pm Jul 15, 2010 10:34pm
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 15, 2010 10:36pm Jul 15, 2010 10:36pm
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 15, 2010 10:37pm Jul 15, 2010 10:37pm
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 15, 2010 10:39pm Jul 15, 2010 10:39pm
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 15, 2010 10:41pm Jul 15, 2010 10:41pm
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 10:54pm Jul 15, 2010 10:43pm | Edited 10:54pm
Yes, Jarroo, I am keeping my eye on this one.
Attached Image(s) (click to enlarge)
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  • #68,839
  • Jul 15, 2010 10:43pm Jul 15, 2010 10:43pm
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 15, 2010 10:45pm Jul 15, 2010 10:45pm
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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