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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

  • #71,361
  • Aug 12, 2010 12:23am Aug 12, 2010 12:23am
Quoting aserbfx
anybody considering taking this pinbar on h4 nzd/usd?

edit: just noticed that it is right above the 50% fib of the last upmove...
A good one, bouncing right off the 7100 mark. Nice PPZ as well.
  • #71,362
  • Aug 12, 2010 12:37am Aug 12, 2010 12:37am
Quoting The Lord
A good one, bouncing right off the 7100 mark. Nice PPZ as well.
It also broke through 365 EMA on H4 (FXDD).
  • #71,363
  • Aug 12, 2010 12:58am Aug 12, 2010 12:58am
Quoting cprao
It also broke through 365 EMA on H4 (FXDD).
yup
  • #71,364
  • Aug 12, 2010 1:03am Aug 12, 2010 1:03am
Eur/Usd moved to breakeven. So, the prayer is off.
  • #71,365
  • Aug 12, 2010 1:09am Aug 12, 2010 1:09am
dblhc on aud/usd h4. might be good after the break of the 0.90.
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meine augen sind die sterne
  • #71,366
  • Aug 12, 2010 1:17am Aug 12, 2010 1:17am
UJ 4H
BUOB @ 85 BRN + new all time low
+bullish pin on daily

= fire at will TP 85.70
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  • #71,367
  • Aug 12, 2010 1:30am Aug 12, 2010 1:30am
Quoting ts63
UJ 4H
BUOB @ 85 BRN + new all time low
+bullish pin on daily

= fire at will TP 85.70
also double bottom on weekly,
my tp1 is 86.230 from the daily pinbar
lets see.........
  • #71,368
  • Aug 12, 2010 1:32am Aug 12, 2010 1:32am
Quoting supremeChaos
on FXDD demo, that small PB's high is aroud 85.45.
i see a minor PPZ right above it at 85.60 - 85.70 area. if it can break that area convincingly... then we yeah we have more traffic
86.00, 86.20-50, 87.00, 88.00.
if price is to move upward, i think it may chop around mid-85.00
Let's see..
I was actually thinking of pulling the trigger at the 85brn when I saw prices there for a touch trade. However since I had no experience trading it, I didn't. Could anyone shed some light on touch trades?
  • #71,369
  • Aug 12, 2010 1:44am Aug 12, 2010 1:44am
Quoting roundrock
any ideas on this ? i have marked SL, TP levels considering 1:1, also TP is below BRN.
target achieved !!!

i have seen most of weekly setups have a very good success ratio (with rr 1:1)
  • #71,370
  • Aug 12, 2010 1:58am Aug 12, 2010 1:58am
Quoting roundrock
target achieved !!!

i have seen most of weekly setups have a very good success ratio (with rr 1:1)
Congrats! What was it?
  • #71,371
  • Aug 12, 2010 2:07am Aug 12, 2010 2:07am
Quoting Adilius07
Congrats! What was it?
The Weekly I4+B on the Eur/Chf was one. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #71,372
  • Aug 12, 2010 2:10am Aug 12, 2010 2:10am
Quoting The Lord
Eur/Usd moved to breakeven. So, the prayer is off.

Nice one Lord . . lol. Prayer does work.
Indicators show the past. Price Action "Indicates" the future.
  • #71,373
  • Aug 12, 2010 2:10am Aug 12, 2010 2:10am
Quoting Adilius07
Congrats! What was it?
ECL's sitting on the first trouble area Ad

g.
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I believe . . .
  • #71,374
  • Aug 12, 2010 2:12am Aug 12, 2010 2:12am
Quoting ghous
ECL's sitting on the first trouble area Ad

g.

G-Bars Rule . . . . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,375
  • Aug 12, 2010 2:24am Aug 12, 2010 2:24am
Quoting pipmyride
Was there any question why stocks are tanking today ?
At a 61.8 Fib Ret didn't hurt.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,376
  • Aug 12, 2010 2:28am Aug 12, 2010 2:28am
Quoting pipmyride
Was there any question why stocks are tanking today ?
Oh yes . .the double G-Bar.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,377
  • Aug 12, 2010 2:38am Aug 12, 2010 2:38am
trying to learn what these terms mean???
g-bars not g-spot,
I4B+ ???
ECL'S
sorry didnt see any explanation of these terms yet
chow
  • #71,378
  • Aug 12, 2010 2:41am Aug 12, 2010 2:41am
Quoting jarroo
The Weekly I4+B on the Eur/Chf was one. . .
Hello Jarroo! This looks good. I'm not trading those however. For now I stick to PB,BUOB mostly. Don't know why the I4B's look more risky trades to me... it is not a reversal bar it is a neutral bar, right? - So in order to trade it we have to be sure in the location...which is in turn not easy thing to master So for now I skip those.
  • #71,379
  • Aug 12, 2010 2:41am Aug 12, 2010 2:41am
Quoting supremeChaos
on the other hand, when u are hesitating, it may also mean u are not comfortable/familiar with the trade setup at hand. if this is the case, your 'intuition' is correct & warning you &/or giving u second thoughts.

to help others grasp (the quoted concept) much quicker, think of crossing the street.
if it's your first time to cross a street (or if u are like many women; no disrespect, just my observation), it will take u several tries (feet stopping, moving back & forth, as if u are doing our [url="http://en.wikipedia.org/wiki/Tinikling"]tinikling...
Good advice SC.
  • #71,380
  • Aug 12, 2010 2:41am Aug 12, 2010 2:41am
Quoting jarroo
G-Bars Rule . . . . .
Amen brother

That weekly one I took (CAD/CHF - the wrong one!) didn't work out as planned. I ended up taking 1/2 off at around 90 pips and the rest got stopped out at just above B/E.

Gotta love it when a 'failed trade' = 3% gain

The R:R for these is a thing of beauty
Anything can happen.
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