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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

  • #71,401
  • Aug 12, 2010 3:14am Aug 12, 2010 3:14am
Quoting ddinnov
http://www.forexfactory.com/showpost...ostcount=70902

I was warned - but it was already too late!
Ooops . .you did get scolded . . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #71,402
  • Aug 12, 2010 3:14am Aug 12, 2010 3:14am
Quoting chowur

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
They will look the same if you're isolating the bars. An Inside bar is world's apart in shape when compared to a bullish outside bar. An bearish pin bar and a bullish IPB are exactly the same bars just differently located.

Go through the links I just posted, and I am sure you'll have your answer.

g.
I believe . . .
  • #71,403
  • Aug 12, 2010 3:15am Aug 12, 2010 3:15am
Quoting jarroo
Ooops . .you did get scolded . . . lol
lolol,

Just a polite warning as Ddin mentioned.

scoldin' and beatin' and spankin' is not me!

g.
I believe . . .
  • #71,404
  • Aug 12, 2010 3:16am Aug 12, 2010 3:16am
thanks Ghous for the reply and also the warning-I will watch them and just take note but not trade
chow
  • #71,405
  • Aug 12, 2010 3:18am Aug 12, 2010 3:18am
Quoting ghous
lolol,

Just a polite warning as Ddin mentioned.

scoldin' and beatin' and spankin' is not me!

g.

lol Yeah . . I know G-Man.

You're just looking out for their best interests.

Your a good man Ghous.
Indicators show the past. Price Action "Indicates" the future.
  • #71,406
  • Aug 12, 2010 3:19am Aug 12, 2010 3:19am
Quoting jarroo
But a Ghous smiley face on the weekly Usd/Chf IPB.
here you go...

that one was perfect. Sitting at 1.04 is what made it so special IMHO.

g.
I believe . . .
  • #71,407
  • Aug 12, 2010 3:20am Aug 12, 2010 3:20am
Quoting chowur
thanks Ghous for the reply and also the warning-I will watch them and just take note but not trade
chow
way to go chow!
I believe . . .
  • #71,408
  • Aug 12, 2010 3:25am Aug 12, 2010 3:25am
Quoting Pinbar
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.
You don't think your progressing, Pb????

Well said Sir. . . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,409
  • Aug 12, 2010 3:31am Aug 12, 2010 3:31am
Quoting ghous
here you go...

that one was perfect. Sitting at 1.04 is what made it so special IMHO.

g.

At not near . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,410
  • Aug 12, 2010 3:31am Aug 12, 2010 3:31am
I took it even though it is not exactly Ghous bar by strict definition.
So far so good...............
Attached Image (click to enlarge)
Click to Enlarge Name: almost ghous bar.gif Size: 12 KB
  • #71,411
  • Aug 12, 2010 3:32am Aug 12, 2010 3:32am
Quoting ghous
here you go...

that one was perfect. Sitting at 1.04 is what made it so special IMHO.

g.
For some reason I saw that one, passed on it and took the bad one...
Anything can happen.
  • #71,412
  • Aug 12, 2010 3:36am Aug 12, 2010 3:36am
Quoting ddinnov
For some reason I saw that one, passed on it and took the bad one...
It was in a consoldation area which can be a bit dicey due to the traffic involved but very tradable just like any other PA setup in consolidation . .

. .. wait a minute . . so was the Cad/Chf . . you got some explaining to do sir . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,413
  • Aug 12, 2010 3:39am Aug 12, 2010 3:39am
Quoting ertorque
I took it even though it is not exactly Ghous bar by strict definition.
So far so good...............
They are best located deep into pull backs Ertorque.

The same bar a little higher resting at the next ppz you highlighted would have been better (even further deep would be better still).

g.
Attached Image (click to enlarge)
Click to Enlarge Name: almost ghous bar.gif Size: 12 KB
I believe . . .
  • #71,414
  • Aug 12, 2010 3:40am Aug 12, 2010 3:40am
Quoting jarroo
It was in a consoldation area which can be a bit dicey due to the traffic involved but very tradable just like any other PA setup in consolidation . .

. .. wait a minute . . so was the Cad/Chf . . you got some explaining to do sir . .
I shall play the newby card here
Anything can happen.
  • #71,415
  • Aug 12, 2010 3:45am Aug 12, 2010 3:45am
Quoting ddinnov
I shall play the newby card here

Alright . . we'll let you slide on this one . . still in the testing stage, very good. Just be picky my friend . . because it pays..
Indicators show the past. Price Action "Indicates" the future.
  • #71,416
  • Aug 12, 2010 3:46am Aug 12, 2010 3:46am
Quoting jarroo
You don't think your progressing, Pb????

Well said Sir. . . .
I can see probably why they liked it though, the 365 EMA was probably the temptation.

My problem is, I see too many reasons to stay out.


I am such a chicken

I a interested in seeing how this bar closes.
Don't like the RSI being so oversold though.
Attached Image (click to enlarge)
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  • #71,417
  • Aug 12, 2010 3:49am Aug 12, 2010 3:49am
Quoting jarroo
It was in a consoldation area which can be a bit dicey due to the traffic involved but very tradable just like any other PA setup in consolidation . .

. .. wait a minute . . so was the Cad/Chf . . you got some explaining to do sir . .
The biggest problem with Cad/Chf for me was that it was located away from the last low at the 9900 round number. It created the near effect rather than the at effect IMHO.

Here are 2 charts that should help in clearing things up a bit.

First is the original one.

Second's how I would have wanted the bar in question to be located at.



g.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: original.png Size: 19 KB
Click to Enlarge Name: as should be.png Size: 19 KB
I believe . . .
  • #71,418
  • Aug 12, 2010 3:54am Aug 12, 2010 3:54am
Quoting jarroo
Alright . . we'll let you slide on this one . . still in the testing stage, very good. Just be picky my friend . . because it pays..

SIRYESSIR!
Anything can happen.
  • #71,419
  • Aug 12, 2010 3:56am Aug 12, 2010 3:56am
Quoting ghous
The biggest problem with Cad/Chf for me was that it was located away from the last low at the 9900 round number. It created the near effect rather than the at effect IMHO.

Here are 2 charts that should help in clearing things up a bit.

First is the original one.

Second's how I would have wanted the bar in question to be located at.



g.
Hey Ghous

What is that time indicator you are using, does it have the spread built into it?

Is it a new version of P4 clock?
  • #71,420
  • Aug 12, 2010 4:00am Aug 12, 2010 4:00am
Quoting Pinbar
Hey Ghous

What is that time indicator you are using, does it have the spread built into it?

Is it a new version of P4 clock?
"Yes" to the spread qs, "not sure" to the p4 clock question

here it is if you want it

g.
I believe . . .
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