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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

  • #68,881
  • Jul 16, 2010 3:22am Jul 16, 2010 3:22am
Quoting Pinbar
Thanks SC, this is totally new to me.
Maybe best to leave it on a back burner for the time being.
Quoting Cyrus
I got this waaaaay back.
They ALL merge into pinbars =)
Hey Pinbar,
i believe ALL J16 followers know this concept, but perhaps not too subconsciously.
like Cyrus said, all the PA setups we use in this thread are very much related & in 1 way or another, mold/merge to form YOU (u are Pinbar, right, lol ).

if u are interested with this..
the key is to make learning fun. dont pressure yourself 'to do it' everytime.
make it a fun learning exercise: everytime u look at the charts (specially when u are not trading), try to identify a merged PB by looking at specific clusters of bars (at swing highs/lows).
again, no pressure, do it initially for fun.
  • #68,882
  • Jul 16, 2010 3:25am Jul 16, 2010 3:25am
Quoting Rustam
I didn't have time to post this when it happened but the trade is now over and i lost Any ideas on what went wrong, or should I have never taken it in the first place?

I went short on the break of the pinbar which happened 5 bars back. It was off PPZ, 50% ret and 1.47 BRN and my target was 1.4455(the top of the narrow range below)

EDIT: this is a 4H chart of EUR/AUD

Thanks.
I got four different feeds set up today for four hour closes. It is interesting how the same price can show conflicting info dependant on the close. One feed shows a large bullish outside bar and then the one posted with a bearish pin bar.
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  • #68,883
  • Jul 16, 2010 3:28am Jul 16, 2010 3:28am
Quoting Jonnyislost
RE merging bars; It's important to remember to aggregate the previous bars too, as this can validate/invalidate BEOB's and BUOB's

If in doubt use the Period Converter

Could the best bet.
  • #68,884
  • Jul 16, 2010 3:29am Jul 16, 2010 3:29am
Quoting supremeChaos
the key is to make learning fun. dont pressure yourself 'to do it' everytime.
make it a fun learning exercise: everytime u look at the charts (specially when u are not trading), try to identify a merged PB by looking at specific clusters of bars (at swing highs/lows).
again, no pressure, do it initially for fun.
Pinbar,

I'd say you gotta "play it seriously". If one is too anal about it and you add too much pressure, most likely you will screw up.

It's scientifically proven that too much pressure causes myopia, focusing on only a few specific details cause the brain goes into fight/flight mode, which is the LAST thing u need in speculation because you MUST be able to see the big picture.

Specifically, I tell myself, I am PLAYING this setup. The position is playing out nicely. Nothing life threatening. It is interesting. To me it truely is.
You must create an env that is SAFE TO YOUR OWN MIND in order for learning to be conducive.
One Mind, Any Market
  • #68,885
  • Jul 16, 2010 3:33am Jul 16, 2010 3:33am
Hey Pinbar,
i think i caught the 'bar aggregation' virus
check out Sir Jarroo's H4 chart above. looks like we get a huge H4 PB if u combine & use the open of the blue candle(first arrow) & the close of the red candle (second arrow).
Attached Image
  • #68,886
  • Jul 16, 2010 3:34am Jul 16, 2010 3:34am
Quoting Cyrus
Pinbar,

I'd say you gotta "play it seriously". If one is too anal about it and you add too much pressure, most likely you will screw up.

It's scientifically proven that too much pressure causes myopia, focusing on only a few specific details cause the brain goes into fight/flight mode, which is the LAST thing u need in speculation because you MUST be able to see the big picture.

Specifically, I tell myself, I am PLAYING this setup. The position is playing out nicely. Nothing life threatening. It is interesting. To me it truely is.
You must...


Thanks folks.

Yes, I totally enjoy it and the thought of this new to me concept interests me greatly. There is no pressure to learn.

I may use the converter and learn by reverse engineering the 8 hour PB's I find.
  • #68,887
  • Jul 16, 2010 3:36am Jul 16, 2010 3:36am
Quoting supremeChaos
Hey Pinbar,
i think i caught the 'bar aggregation' virus
check out Sir Jarroo's H4 chart above. looks like we get a huge H4 PB if u combine & use the open of the blue candle(first arrow) & the close of the red candle (second arrow).
Attachment

LOL

Got to get my head around this concept first.


I can see how this could be infectious.
  • #68,888
  • Jul 16, 2010 3:38am Jul 16, 2010 3:38am
Quoting jarroo
Looks like that box is holding up nicely Pb. The 365 ema confluencing with the PPZ level can add strength. The 1.0380 is alo a Daily PPZ level which helps.

Yes, jarroo


I am watching and waiting for this small PB like OB to close.
Looks like my stop was safe where I moved it, the RED line.

Just wondering if this is going to be a G bar though.
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  • #68,889
  • Jul 16, 2010 3:38am Jul 16, 2010 3:38am
Quoting djmartymac
I got four different feeds set up today for four hour closes. It is interesting how the same price can show conflicting info dependant on the close....
hey djmartymac,
u are comparing two bars from different times.
count 5 bars starting from the current bar of each chart.
that BUOB is the 6th bar on that first chart.
the 5th bar from the right, on each chart, shows a bearish bar.

also,must not forget that each feed is on a different timezone (1 hour difference). we should compare in the context of time.
  • #68,890
  • Jul 16, 2010 3:44am Jul 16, 2010 3:44am
Quoting Pinbar
....
Just wondering if this is going to be a G bar though.
(u can use this thought process)
if the current upmove continues/trend is strong, then it wont.
if not, & if resistance is strong, then it possibly will.
  • #68,891
  • Jul 16, 2010 3:49am Jul 16, 2010 3:49am
Quoting Pinbar
Yes, jarroo


I am watching and waiting for this small PB like OB to close.
Looks like my stop was safe where I moved it, the RED line.

Just wondering if this is going to be a G bar though.
Pinbar, may I ask what is a G bar??? Inverted like Pinbar?
  • #68,892
  • Jul 16, 2010 3:52am Jul 16, 2010 3:52am
Quoting supremeChaos
hey djmartymac,
u are comparing two bars from different times.
count 5 bars starting from the current bar of each chart.
that BUOB is the 6th bar on that first chart.
the 5th bar from the right, on each chart, shows a bearish bar.

also,must not forget that each feed is on a different timezone (1 hour difference). we should compare in the context of time.
Hey SC I know that they are different timed bars. What I meant was one chart would look bullish with a strong outside bar and the other looked like a good bearish pin bar reversal within a very short period.
  • #68,893
  • Jul 16, 2010 3:55am Jul 16, 2010 3:55am
Quoting djmartymac
Hey SC I know that they are different timed bars. What I meant was one chart would look bullish with a strong outside bar and the other looked like a good bearish pin bar reversal within a very short period.
Just checked and the outside bar is a couple of pips short of engulfing.
  • #68,894
  • Jul 16, 2010 3:59am Jul 16, 2010 3:59am
Adilius07,
'G bar'= IPB
check this post by Ghous.
  • #68,895
  • Jul 16, 2010 4:03am Jul 16, 2010 4:03am
Quoting supremeChaos
Hey Pinbar,
i think i caught the 'bar aggregation' virus
check out Sir Jarroo's H4 chart above. looks like we get a huge H4 PB if u combine & use the open of the blue candle(first arrow) & the close of the red candle (second arrow).
Attachment
Hey Supreme

I would be carefull when combining such big ranges. You need to take time factor into consideration. Good pinbar tells you a lot about momentum compared to the past price activity. That way you made weekly bar packed into the h4 timeframe ;]
  • #68,896
  • Jul 16, 2010 4:03am Jul 16, 2010 4:03am
Just looking at The h1 candle that just closed on USD/CAD.

Looks like a strong Bullish HARAMI with no wick and the open and close at both ends.

Moved SL to BE+ and will take 50% off the table at the PPZ.
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  • #68,897
  • Jul 16, 2010 4:12am Jul 16, 2010 4:12am
Quoting Greenhaze
Hey Supreme
I would be careful when combining such big ranges. You need to take time factor into consideration. Good pinbar tells you a lot about momentum compared to the past price activity. ...
in away, i see what u mean Sir.
but dont forget,
the longer (time-wise) the range/consolidation = often more momentum built up & released

that was a BIG aggregated PB
  • #68,898
  • Jul 16, 2010 4:22am Jul 16, 2010 4:22am
Its struggling a bit so, I will lock in a little profit.

The experience is the real profit.
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  • #68,899
  • Jul 16, 2010 4:24am Jul 16, 2010 4:24am
Quoting supremeChaos
Adilius07,
'G bar'= IPB
check this post by Ghous.

Cool thanks will read through it right now.
  • #68,900
  • Edited 8:52am Jul 16, 2010 4:25am | Edited 8:52am
Quoting djmartymac
PS ibfx is the same as mb trading
Quoting djmartymac
...What I meant was one chart would look bullish with a strong outside bar and the other looked like a good bearish pin bar reversal within a very short period.
if u look based purely on the bars, that may be so.
but in the context of time, u are comparing two consecutive bars, not two similar bars(similar in time)
the BUOB formed before the PB. like i said, with objective comparison, the BUOB was 6th bar from the right, while the PB was 5th bar from the right.
(NOTE: it's detrimental to think that a BUOB is always bullish & a bearish PB is always bearish & will move bearishly. it is not always the case)

also, if this is correct
IBFX = MBT right?
&
WHC/Broco = IBFX time + 2
{the BUOB,is from the first chart = MBT; PBwas from thesecond chart, Broco Trader or WHC}
then u are comparing two charts that differ/are separated by 2hours. that makes it harder to compare those two charts &/or prove that u did not make an objective comparison of the charts.

hope i made sense, mate.
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