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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

  • #69,401
  • Jul 22, 2010 2:56am Jul 22, 2010 2:56am
Quoting Jey
Sorry guys, what exactly is I4+B or 138B for that matter? Told ya i'm a noob.
If we say a bar is an IB, it means its range is smaller than the previous bar.
If we say a bar is a an I3B, it means its range is smaller than the previous 2 bars.

And so on.................... In the same manner, an I4+B [please read it as "I(4+)B"] simply means there are 3 or more bars prior to it that has larger range than the said bar.

Hope this helps.

CY
  • #69,402
  • Jul 22, 2010 3:06am Jul 22, 2010 3:06am
Should be a nice range play, traffic considered ..
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  • #69,403
  • Jul 22, 2010 3:21am Jul 22, 2010 3:21am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting ertorque
If we say a bar is an IB, it means its range is smaller than the previous bar.
If we say a bar is a an I3B, it means its range is smaller than the previous 2 bars.

And so on.................... In the same manner, an I4+B [please read it as "I(4+)B"] simply means there are 3 or more bars prior to it that has larger range than the said bar.

Hope this helps.

CY
So the number denoted after the (I) simply means the number of bars that sit inside the range of the mother candle..... Crystal clear sir!
I have seen the enemy, and it is me.
  • #69,404
  • Jul 22, 2010 3:24am Jul 22, 2010 3:24am
Quoting Jey
Sorry guys, what exactly is I4+B or 138B for that matter? Told ya i'm a noob.
nice post from CY.
a few links here.
  • #69,405
  • Jul 22, 2010 3:29am Jul 22, 2010 3:29am
Quoting Jey
So the number denoted after the (I) simply means the number of bars that sit inside the range of the mother candle..... Crystal clear sir!
Jey, just to clarify.............a bar whose range is smaller than its previous bar or previous X bars does not mean that it must 'sit' inside them (it doesn't have to be engulfed by them).

SCs charts should clarify that.
  • #69,406
  • Jul 22, 2010 3:44am Jul 22, 2010 3:44am
That wasnt so hard
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  • #69,407
  • Jul 22, 2010 3:48am Jul 22, 2010 3:48am
Quoting pipmyride
That wasnt so hard
  • #69,408
  • Jul 22, 2010 3:48am Jul 22, 2010 3:48am
Hey CY, u are putting me on the spot.
i think u explained it well, Sir.

here are recent charts for Jey.
here, here
play the 'guessing game' by cross-checking it with your own charts.
  • #69,409
  • Jul 22, 2010 3:55am Jul 22, 2010 3:55am
Quoting pipmyride
That wasnt so hard
nice one!
this is an example of a J16 trade even without the knowledge of news.
55minutes ago there was gbp-related news (retail sales)

on FXDD, there was a good-sized PB on H1. that started it.
  • #69,410
  • Jul 22, 2010 4:01am Jul 22, 2010 4:01am
I feel like a fraud for posting trades I didn't take, especially after the event.
But I just love playing the "where is price going" game

GBP/JPY
2HR
BUOB
Swing low
1.31 Small Round Number (SRN?)
Divergence
Choppy pair!!

EUR/USD
2HR
BUOB
Swing low
1.28 SRN
Continuation trade
Hidden Divergence

There are usually 1 or 2 of these every day, I try to find them all, even if I don't trade them
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  • #69,411
  • Jul 22, 2010 4:04am Jul 22, 2010 4:04am
Quoting pipmyride
That wasnt so hard
Congrats! Nice pull

How come that my chart is totally different than yours? Is this because of the time zone difference? That's the only reasonable explanation that comes to my mind.

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  • #69,412
  • Jul 22, 2010 4:11am Jul 22, 2010 4:11am
Quote
..trades I didn't take...
i was a MAJOR player in this 'category'.... slowly making my way to become a small player.

Quoting Jonnyislost
...
But I just love playing the "where is price going" game
.... I try to find them all, even if I don't trade them

Learning is oh so FUN!
  • #69,413
  • Jul 22, 2010 4:16am Jul 22, 2010 4:16am
Quoting ertorque
Hey Dan, looks good!
Another successful story with squeeze alert formation!
just seconds before my T/P was hit: (usdchf 4hr chart)
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Many choose unhappiness over uncertainty.
  • #69,414
  • Jul 22, 2010 4:17am Jul 22, 2010 4:17am
Thank's guys for the info about the Small Candle size pinbar.

So for the definition of big candle size, what size it will be for 1hr and 15m time frame.

Will this EJ 15m candle is big enough? HI LO is 27pips
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  • #69,415
  • Jul 22, 2010 4:22am Jul 22, 2010 4:22am
Quoting mihazupan1
....
How come that my chart is totally different than yours? Is this because of the time zone difference? That's the only reasonable explanation that comes to my mind.....
most likely, TZ difference.
im not sure... but it's possible that your broker opens later than pip's broker.
which broker is that?

here's something to think about.:nerd:
im using your chart but i erased a big part of the last bar. (the red horizontal line is the top of the prior bar... potential entry above that line)
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  • #69,416
  • Jul 22, 2010 4:25am Jul 22, 2010 4:25am
Quoting supremeChaos
most likely, TZ difference.
im not sure... but it's possible that your broker opens later than pip's broker.
which broker is that?
It's Alpari demo account.

Quoting supremeChaos
here's something to think about.:nerd:
im using your chart but i erased a big part of the last bar. (the red horizontal line is the top of the prior bar... potential entry above that line)
Yeah it would be an easy hit but I was in the gym earlier in the morning. Better luck next time
  • #69,417
  • Jul 22, 2010 4:26am Jul 22, 2010 4:26am
Quoting mihazupan1
Congrats! Nice pull

How come that my chart is totally different than yours? Is this because of the time zone difference? That's the only reasonable explanation that comes to my mind.

Attachment
Correct. My chart is GMT , yours looks like its +3 or thereabouts
  • #69,418
  • Jul 22, 2010 4:29am Jul 22, 2010 4:29am
Quoting asen
....
So for the definition of big candle size, what size it will be for 1hr and 15m time frame.
Will this EJ 15m candle is big enough? HI LO is 27pips
there is no set definition or value for 'big' & 'small'.
view the candle in the context of surrounding bars, situation (trending or ranging) &/or location.

that is a M15 chart. check out the higher timeframes. what do u see?
at this moment, imho, odds are higher u will get stopped out if u short that.

if u are seriously learning this material, kindly stay with Daily & up charts.
  • #69,419
  • Jul 22, 2010 4:50am Jul 22, 2010 4:50am
something big forming on gbp/chf...
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meine augen sind die sterne
  • #69,420
  • Jul 22, 2010 5:08am Jul 22, 2010 5:08am
aser, this one is huge... => long GBPCHF

could it mean that euro will fall?
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