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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

  • #71,381
  • Aug 12, 2010 2:43am Aug 12, 2010 2:43am
Quoting chowur
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
G-Bar is a term used for IPB (Inverted Pin Bar) - I asked the same question before

G-Spot - LOL, you can find it in Wikipedia. I don't think it has anything to do with trading though lol

Hold on I'm gonna find the file with all abbreviations.
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  • #71,382
  • Aug 12, 2010 2:46am Aug 12, 2010 2:46am
So is a g bar like a continuation pin bar?
chow
  • #71,383
  • Aug 12, 2010 2:47am Aug 12, 2010 2:47am
[quote=Adilius07;3941417]
G-Spot - LOL, you can find it in Wikipedia. I don't think it has anything to do with trading though lol

I think it can only be found in wikipeida and no where else, lol
chow
ps thanks for the abbreviations, has IPB but no g-bar.
  • #71,384
  • Aug 12, 2010 2:52am Aug 12, 2010 2:52am
[quote=chowur;3941433]
Quoting Adilius07
G-Spot - LOL, you can find it in Wikipedia. I don't think it has anything to do with trading though lol

I think it can only be found in wikipeida and no where else, lol
chow
ps thanks for the abbreviations, has IPB but no g-bar.
I also don't know why it is called G-Bar by so many.
I guess maybe because it was Ghous who traded it and showed to others? Because as I heard it is not in original J16. I may be wrong.
  • #71,385
  • Aug 12, 2010 2:53am Aug 12, 2010 2:53am
Quoting Adilius07
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.

That's cool Adilius . .they can still be fun to watch or demo.

I4+Bs (or IBs for that matter) are more of a compression type setup, where Price is consolidating very tightly and then we get (or should get) a nice robust breakout.

Locaton is important only in that if the I4+B is sitting on a strong PPZ level and there is nothing in the way above it we would like to see a break to the top side. Or if it breaks through the PPZ level that its sitting on we would like to see a breakout and then pull back to the PPZ. But if they're out in the open they can be anybodys game and a breakout could happen either way.
Indicators show the past. Price Action "Indicates" the future.
  • #71,386
  • Aug 12, 2010 2:54am Aug 12, 2010 2:54am
[quote=Adilius07;3941445]
Quoting chowur

I also don't know why it is called G-Bar by so many.
I guess maybe because it was Ghous who traded it and showed to others? Because as I heard it is not in original J16. I may be wrong.
This is correct
Anything can happen.
  • #71,387
  • Aug 12, 2010 2:54am Aug 12, 2010 2:54am
Quoting chowur
So is a g bar like a continuation pin bar?
chow
no, is reversal like PB.
This is my first IPB trade in stocks. Was profitable but not that much
http://www.forexfactory.com/showpost...0&postcount=12
  • #71,388
  • Aug 12, 2010 2:56am Aug 12, 2010 2:56am
Quoting chowur
So is a g bar like a continuation pin bar?
chow

No, it is basically a false or failed Pin Bar at a significant resistance area, swing high instead of a swing low where we want to see a PB.
  • #71,389
  • Aug 12, 2010 2:56am Aug 12, 2010 2:56am
Quoting jarroo
That's cool Adilius . .they can still be fun to watch or demo.

I4+Bs (or IBs for that matter) are more of a compression type setup, where Price is consolidating very tightly and then we get (or should get) a nice robust breakout.

Locaton is important only in that if the I4+B is sitting on a strong PPZ level and there is nothing in the way above it we would like to see a break to the top side. Or if it breaks through the PPZ level that its sitting on we would like to see a breakout and then pull back to the PPZ. But it there out in the open...
Yes, thanks Jarroo. That's what I do for now, I mark them on my charts and just watch. I will come to trade them but later. I think for now I have more than enough triggers, all I need is to learn to trade them wisely
  • #71,390
  • Aug 12, 2010 2:58am Aug 12, 2010 2:58am
Quoting Adilius07
Yes, thanks Jarroo. That's what I do for now, I mark them on my charts and just watch. I will come to trade them but later. I think for now I have more than enough triggers, all I need is to learn to trade them wisely

Well said Ad . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,391
  • Aug 12, 2010 2:58am Aug 12, 2010 2:58am
[quote=ddinnov;3941453]
Quoting Adilius07

This is correct
Cool, thanks! I like them for SL being very close to Entry so that allows for better R:R.
  • #71,392
  • Aug 12, 2010 3:00am Aug 12, 2010 3:00am
[quote=Adilius07;3941473]
Quoting ddinnov

Cool, thanks! I like them for SL being very close to Entry so that allows for better R:R.
NP - careful with them, that one I took was the first one I've traded after learning this material for 6 months - and I still got it wrong, was just quite lucky.
Anything can happen.
  • #71,393
  • Aug 12, 2010 3:05am Aug 12, 2010 3:05am

Ghous, may I ask how to recognise the difference between a g-bar and a pin bar. they look the same, however, the resulting price action is in opposite direction to each other.
Do you wait to see which way it breaks before entering the trade?
regards chow
  • #71,394
  • Aug 12, 2010 3:05am Aug 12, 2010 3:05am
Quoting ddinnov

NP - careful with them, that one I took was the first one I've traded after learning this material for 6 months - and I still got it wrong, was just quite lucky.

You would have got scolded by Ghous on that one ddin . . .

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Indicators show the past. Price Action "Indicates" the future.
  • #71,395
  • Aug 12, 2010 3:08am Aug 12, 2010 3:08am
Quoting chowur
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
hey chow,

g-bars is what some of the folks here at the thread refer to when they are talking about the IPB.

this post should help you.

IPB introduction

ECL's just a stock with the full form "Eco labs" (James16 stuff works in all markets remember ) and not sure what you mean by g-spot lol

g.
I believe . . .
  • #71,396
  • Aug 12, 2010 3:10am Aug 12, 2010 3:10am
Quoting jarroo
You would have got scolded by Ghous on that one ddin . . .


But a Ghous smiley face on the weekly Usd/Chf IPB.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,397
  • Aug 12, 2010 3:10am Aug 12, 2010 3:10am
Quoting ghous
Careful mate.

We want IPBs at true swing highs and lows and very deep into pull backs to major trends. This looks more like a trend continuation pin bar than anything else.

g.
http://www.forexfactory.com/showpost...ostcount=70902

I was warned - but it was already too late!
Anything can happen.
  • #71,398
  • Aug 12, 2010 3:10am Aug 12, 2010 3:10am
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...


How come you guys took this trade with the FTA so close to EP with the 38.2 fibo lining up with it.
Even on the daily, the previous down bar would keep me out of this one.
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  • #71,399
  • Aug 12, 2010 3:10am Aug 12, 2010 3:10am
[quote=Adilius07;3941445]
Quoting chowur

I also don't know why it is called G-Bar by so many.
I guess maybe because it was Ghous who traded it and showed to others? Because as I heard it is not in original J16. I may be wrong.
No it's not Ad, and that is precisely why I have a disclaimer as my sig (thanks to Joel for the idea) trying to get into IPBs is like diverging a bit from the basic stuff - not what a newbie should be doing.

g.
I believe . . .
  • #71,400
  • Aug 12, 2010 3:11am Aug 12, 2010 3:11am
Quoting Adilius07
no, is reversal like PB.
This is my first IPB trade in stocks. Was profitable but not that much
http://www.forexfactory.com/showpost...0&postcount=12
I see you are out. Not a bad decision at all

g.
I believe . . .
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