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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

  • #69,101
  • Jul 19, 2010 7:58pm Jul 19, 2010 7:58pm
Quoting everydayguid
What is that J16 Manager thing on your chart?
Hey Everyday, sorry it took so long to respond. Its an EA that takes half off the position and moves the stop to break even when I'm away or asleep.
I believe it's here on the thread. Click the paper clip at the top right of the thread, then click "hide all images". You should be able to find it that way.
  • #69,102
  • Jul 19, 2010 8:00pm Jul 19, 2010 8:00pm
Quoting ppfx
Hi guys/gals! ppfx reporting.....
Good to see u back.
hope u didnt miss the Cyrus summaries
do well in school, because next time u'll do well in trading & leave/forget about school

Quoting everydayguid
What is that J16 Manager thing on your chart?
atclarkson's J16 manager EA
  • #69,103
  • Jul 19, 2010 9:00pm Jul 19, 2010 9:00pm
What is a BRN?

Thanks Tubguy and SupremeChaos.

Quoting jarroo
Yes that's correct. I draw PPZs, BRNs, consolidations, etc. at or around current Price levels.
  • #69,104
  • Jul 19, 2010 9:04pm Jul 19, 2010 9:04pm
everydayguid,
http://www.forexfactory.com/showpost...ostcount=56751
  • #69,105
  • Jul 19, 2010 9:08pm Jul 19, 2010 9:08pm
Quoting everydayguid
What is a BRN?

Thanks Tubguy and SupremeChaos.


Here you go.

Edit: Oh, SC already replied.
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  • #69,106
  • Jul 20, 2010 12:03am Jul 20, 2010 12:03am
Quoting fx_heaven
Hello Donkey,

EURAUD is interesting....

Daily and Weekly show a possible triangulation consolidation, which could mean a trend reversal or a continuation of the down trend.

I see the BEOB on the H4 but its against the current uptrend so I would like to see a second BEARISH signal on that time frame for a bearish move. Price is also sitting at the top of the outside of what could be a consolidation area so I would be very cautious of selling that move, until I had confirmation and was clear.

I am a conservative trader though.

If you take a look...
Well, if I had been at my desk here is what my conservative play may have looked like for the EUR/AUD pair.

First we did get a second bearish signal on the H4 time frame, in fact there was an earlier signal on the H1 time frame which may have been worth taking as it forms part of the shoulder of a small H&S, however if you waited for the second signal which was a BEOB and switched to the M15 time frame there was another BEOB coming right off a PPZ which was at a pull back and the same point that price swung down from previously around the 5/7th of July.

Price then moves in one direction for the next 50 PIPs or so with a 25 PIP stop/loss which I personally find more comfortable to take than a 70 PIP move then a 40 PIP pull-back as seen on the H4 time frame at this current location for this particular trade. The same for the H1 BEOB off the 14900 level.

This might help some people struggling with holding positions that are swinging back and forth as price breaks through levels of support or resistance at the early stages of a move. I prefer to stack up the signals and squeeze into the gap where price has room to run.
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In retrospect we learn. In perspective we earn.
  • #69,107
  • Jul 20, 2010 12:19am Jul 20, 2010 12:19am
Was watching a potential bullish pinbar forming yesterday on daily NZD/USD and now I've already missed it. Better luck next time
  • #69,108
  • Jul 20, 2010 12:21am Jul 20, 2010 12:21am
waiting for this 1hr usdchf pin to turn into a 4hr pin
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WARNING: Don't follow me as I'm just learning
  • #69,109
  • Jul 20, 2010 12:22am Jul 20, 2010 12:22am
Looks like things are slow today, don't see any setups for today on all the Daily pairs I am watching on my laptop. Can't use the deskotp as it is 35.4 C and the cooler won't cool that room.

EU, UJ,GU,USDCHF, EURCHF, USDCAD, CHFJPY, AUDUSD, NZDUSD, EURJPY, ERUGBP.

If Jarroo has a handy problem, I would like to try and solve it.
  • #69,110
  • Jul 20, 2010 12:34am Jul 20, 2010 12:34am
Quoting Pinbar
Can't use the deskotp as it is 35.4 C and the cooler won't cool that room.
Been there last week. It's like going through hell literally
  • #69,111
  • Jul 20, 2010 12:41am Jul 20, 2010 12:41am
Quoting mihazupan1
Been there last week. It's going through hell literally
You mean the heat on you were in Japan last week?

35.4C is too close to body temp for my liking.
the worst of it is, I have to go and teach a physical art in a place that is closed up all day & has a metal roof, it is going to be well over 40C in there tonight! Makes the Beer go down well though.
  • #69,112
  • Jul 20, 2010 12:43am Jul 20, 2010 12:43am
Quoting Pinbar
You mean the heat on you were in Japan last week?

35.4C is too close to body temp for my liking.
the worst of it is, I have to go and teach a physical art in a place that is closed up all day & has a metal roof, it is going to be well over 40C in there tonight! Makes the Beer go down well though.
I wasn't in Japan

It was that hot here last week.
  • #69,113
  • Jul 20, 2010 12:51am Jul 20, 2010 12:51am
Quoting mihazupan1
Was watching a potential bullish pinbar forming yesterday on daily NZD/USD and now I've already missed it. Better luck next time

What feed was that on?

Al I have is this pretty non discript neutral bar on FXDD.
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  • #69,114
  • Jul 20, 2010 12:54am Jul 20, 2010 12:54am
Quoting mihazupan1
I wasn't in Japan

It was that hot here last week.
Was it humid? That is the killer, the humidity, it is 80% right now.

it is like being in a Sauna all day, if you have to go out.
Times like this, I am glad I can stay home all day, except for tonight.
  • #69,115
  • Jul 20, 2010 12:56am Jul 20, 2010 12:56am
Quoting Pinbar
What feed was that on?

Al I have is this pretty non discript neutral bar on FXDD.
It looks a bit more pinbarish here at my platform

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  • #69,116
  • Edited 1:43am Jul 20, 2010 12:57am | Edited 1:43am
Quoting adam777
waiting for this 1hr usdchf pin to turn into a 4hr pin
Hi adam777

Interesting, nice H1 pin off the 10500 (PPZ), 50% FIB, and Supp TL and yes H4 could also be a PB once its formed.

My only concern is that the 10550 level has been acting as some heavy resistance lately and price has failed to close over it recently on H4 or Daily, however it did on the H1 and price seems to have broken the H4 trend line from 11600 (4th June) to 10600 (19th June) so it could be turning around, although we don't have any price action on higher time frames to support a reversal just yet.

It may form a bowl pattern at this level so judging targets could be tricky.
In retrospect we learn. In perspective we earn.
  • #69,117
  • Jul 20, 2010 12:58am Jul 20, 2010 12:58am
I am starting to like IPB setups: quick moving to BE, quick taking partial profits, quick leaving a part for what might happen, and (what I specially consider) high R:R.
And, as always, paying high attention to location.
Thanks Ghous!
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Trading: the skill of avoiding trades
  • #69,118
  • Jul 20, 2010 1:16am Jul 20, 2010 1:16am
Quoting eswap0
I am starting to like IPB setups: quick moving to BE, quick taking partial profits, quick leaving a part for what might happen, and (what I specially consider) high R:R.
And, as always, paying high attention to location.
Thanks Ghous!


Just make sure you demo with them enough, in fact more than enough before you attempt to trade live with them.

g.
I believe . . .
  • #69,119
  • Jul 20, 2010 1:18am Jul 20, 2010 1:18am
Looks great..

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  • #69,120
  • Jul 20, 2010 1:22am Jul 20, 2010 1:22am
Quoting ghous


Just make sure you demo with them enough, in fact more than enough before you attempt to trade live with them.

g.
Sure I do!
Thanks!
Trading: the skill of avoiding trades
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