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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

  • #69,241
  • Jul 20, 2010 8:27pm Jul 20, 2010 8:27pm
Quoting ppfx
i took a look at your spreadsheet and its amazing thanks for sharing now i will know exactly how much i can earn from a trade

And perhaps more importantly, How much you can lose.
There is a great difference.
  • #69,242
  • Jul 20, 2010 8:29pm Jul 20, 2010 8:29pm
2 day IPB on the Eur/gbp.

With the trend.
Rejected by 38.2fib and 0.85 level.
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  • #69,243
  • Jul 20, 2010 8:50pm Jul 20, 2010 8:50pm
Quoting Autumm
2 day IPB on the Eur/gbp.

With the trend.
Rejected by 38.2fib and 0.85 level.
Hey Autumn,

I believe you must have meant PB (not IPB) .
Here is a D2 chart. I must say the location is not bad but bar size could have been bigger. Need to watch out the trouble areas. I marked out 2 on the chart.

CY
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  • #69,244
  • Jul 20, 2010 8:59pm Jul 20, 2010 8:59pm
Quoting premierpip
yeah.. i read from a few people that signing up will not be useful because there won't be any difference in information. but the information here in this thread is really hard to go through.

what special support will i get from J16? anyway, are you in the group?

i'm really interested in joining, but 129USD in my currency is not a small money every month.

how do i start this forum? can you help me get going?
I have already mentioned that the support at the group is immense, but that said, the support here at the public thread is huge as well. Since the PF is in no way compulsory or necessary for your long term success, you should more than confidently put aside the idea of joining the PF if there are affordability issues. I joined the PF very late myself, and I have to admit all that I ever knew about the j16 comes from the knowledge contained here at the public thread.

If you find reading this long thread a tedious job you might want to refer to the thread summaries presented by Cyrus (search through his posts for the summaries) and jduester (Josh) they have done a fabulous job in condensing the info here at the thread.

We are all obviously here if you need anything.

cheers.

g.
I believe . . .
  • #69,245
  • Jul 20, 2010 9:04pm Jul 20, 2010 9:04pm
Quoting Autumm
2 day IPB on the Eur/gbp.

With the trend.
Rejected by 38.2fib and 0.85 level.
Yikes!

That isn't an IPB.

You guys need to spend more time getting the hang of the basic stuff first before you start wondering what an IPB is.

It is a pretty straight forward 2 day bearish pin bar. (as ertorque mentioned)

g.
I believe . . .
  • #69,246
  • Jul 20, 2010 9:04pm Jul 20, 2010 9:04pm
Quoting ertorque
Hey Autumn,

I believe you must have meant PB (not IPB) .
Here is a D2 chart. I must say the location is not bad but bar size could have been bigger. Need to watch out the trouble areas. I marked out 2 on the chart.

CY
Ops, My bad.

Yup. Nice location. Pretty much the same FTA i had marked in my chart as well.
  • #69,247
  • Jul 20, 2010 9:07pm Jul 20, 2010 9:07pm
Quoting ghous
Yikes!

That isn't an IPB.

You guys need to spend more time getting the hang of the basic stuff first before you start wondering what an IPB is.

It is a pretty straight forward 2 day bearish pin bar. (as ertorque mentioned)

g.
Ghous,

it was just a typo error. Typed it too fast.
  • #69,248
  • Jul 20, 2010 9:10pm Jul 20, 2010 9:10pm
Quoting Autumm
Ghous,

it was just a typo error. Typed it too fast.
That just made me feel better



g.
I believe . . .
  • #69,249
  • Jul 20, 2010 9:27pm Jul 20, 2010 9:27pm
Quoting mihazupan1
.....
Is there any MT4 indicator experts that could help me putting this indicator to the top right corner?
try to PM traderathome first.
next would be to post in the Platform tech forum.
  • #69,250
  • Jul 20, 2010 9:29pm Jul 20, 2010 9:29pm
Quoting unlv_tj
Did anyone take the EURUSD 4h BEOB this morning?
... I am just surprised to not read about anyone taking this trade....
not reading about it here (traded &/or posted) doesnt necessarily equate to 'no one traded it'
  • #69,251
  • Jul 20, 2010 9:32pm Jul 20, 2010 9:32pm
Quoting ppfx
i have this tool which helps me desing RN link ....
Thanks!
i think they do the same thing, except Pinbar's mentioned indicator plots the lines exclusively on the right side of the chart.
  • #69,252
  • Jul 20, 2010 9:40pm Jul 20, 2010 9:40pm
Quoting supremeChaos
not reading about it here (traded &/or posted) doesnt necessarily equate to 'no one traded it'
It would be interesting to see if the seniors did or did not take this trade, or even anyone else.

One person did respond. I felt I offered a nice post to discuss this method. But no one responded, so maybe not.
  • #69,253
  • Jul 20, 2010 9:42pm Jul 20, 2010 9:42pm
Quoting cvcamper
Just FYI
...
wow, looks like a touch trade
my concern here would be the bullish bias, imho. looking at the Daily, we had a nice upmove since early June.
for shorts, 0.9100 - 0.9150 would be the initial trouble, i think.
i may look for buy opportunities around that area. the problem for longs is the 0.9250 - 0.9450 consolidation

battle of commodity currencies
  • #69,254
  • Jul 20, 2010 9:45pm Jul 20, 2010 9:45pm
Quoting unlv_tj
It would be interesting to see if the seniors did or did not take this trade, or even anyone else.

One person did respond. I felt I offered a nice post to discuss this method. But no one responded, so maybe not.
I passed on this one personally just too small for my liking. Worked out nicely to the FTA so depending on how one approaches the trade mgmt aspect it could have been a nice quick little trade

Best
Mike
  • #69,255
  • Jul 20, 2010 9:49pm Jul 20, 2010 9:49pm
Quoting mbqb11
I passed on this one personally just too small for my liking. Worked out nicely to the FTA so depending on how one approaches the trade mgmt aspect it could have been a nice quick little trade

Best
Mike
The size was small. The main reason I passed was all the play around the 1.3 level (could just be reaching the bottom of the area around 1.3 and then back up to it again). Being this is counter the very recent trend, I believed it was too risky.

I could be over complicating it.

Thank you Mike!
  • #69,256
  • Jul 20, 2010 9:51pm Jul 20, 2010 9:51pm
Quoting unlv_tj
It would be interesting to see if the seniors did or did not take this trade, or even anyone else.

One person did respond. I felt I offered a nice post to discuss this method. But no one responded, so maybe not.
Quoting unlv_tj
Did anyone take the EURUSD 4h BEOB this morning?

I couldn't decide, so when in doubt stay out. I am just surprised to not read about anyone taking this trade. It was off the 61.8 Fib retracement level and the 1.3000 RN. Nice BEOB with slight MACD divergence.

The overall recent traffic looked like too much, so I passed on it.

I really think this four hour bar that closes at 5 AM CST is just so powerful that taking even less than perfect set-ups will make a good return. So I must fight this fear of losing.

Anyone take this trade?


I missed that one. Clear rejection of the 1.3000. Size of the bar looked good (compared to previous bars). Nice hard break.

Your concerns of the traffiic were valid that's why we like those big bars, they provide the momentum to cut through the traffic.

I would have been looking for that hard break and would have managed it tightly by cover my risk quickly if I was available.
Indicators show the past. Price Action "Indicates" the future.
  • #69,257
  • Jul 20, 2010 10:10pm Jul 20, 2010 10:10pm
Quoting unlv_tj
The size was small.
Thank you Mike!

The 8 Hour looks a bit bigger.

Also 365 ema confluence.
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Indicators show the past. Price Action "Indicates" the future.
  • #69,258
  • Jul 20, 2010 10:19pm Jul 20, 2010 10:19pm
Quoting jarroo
Ythe 8 Hour looks a bit bigger.

Also 365 ema confluence.

The next bar didn't break the 8 hour BEOB could mean momentum lost or late US and thin asian sessions or momentum buliding. We shall see.
Indicators show the past. Price Action "Indicates" the future.
  • #69,259
  • Edited 10:31pm Jul 20, 2010 10:20pm | Edited 10:31pm
Quoting unlv_tj
Did anyone take the EURUSD 4h BEOB this morning?
....
I couldn't decide, so when in doubt stay out....
The overall recent traffic looked like too much, so I passed on it.
...
I really think this four hour bar that closes at 5 AM CST is just so powerful that taking even less than perfect set-ups will make a good return. So I must fight this fear of losing....
Quoting unlv_tj
The size was small..... Being this is counter the very recent trend, I believed it was too risky.
...
I could be over complicating it.
..
i took a chunk of the move but it's not off of that H4 BEOB in your chart, so i did not declare that i traded it.
the key was the location (1.3000), & possible temporary trend exhaustion which started last Friday (unable to move past 1.3000 + profit-taking Friday)

i trade mainly lower TFs... i adhere to an unwritten principle that we should post/discuss H4 & up trades here, with PA setups.... my main concern here is the newer people.
im sure some senior traders traded it. if u notice senior traders rarely post... & if u noticed, much less when there are good trades to take/during active trading sessions. not to mention, traders do other stuff aside from trading too, rendering them to post inactively.

i just read several of your recent posts including those in another thread.
personally, it's obvious: i believe u are having an internal conflict with your self.
u regret not taking this trade but at the same time u are NOT comfortable taking it at all.
if u arent comfortable taking it, i think u shouldnt bother with it at all.... UNLESS u want to learn & want to trade that missed setup in the future.

a setup turning profitable or not is IMMATERIAL. if u take setups u are not comfortable taking, u will only end in misery, sooner or later.

Trading is an EXCELLENT personality Test & Enhancer.
Keep at it TJ! Hope this helps
  • #69,260
  • Jul 20, 2010 10:28pm Jul 20, 2010 10:28pm
Keeping my eye on EU.



SC, what do you think about this type of modification on SWG?
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