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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

  • #71,421
  • Aug 12, 2010 4:01am Aug 12, 2010 4:01am
Quoting ghous
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.
Thanks for the advise. Yes, the deeper it goes the more space we have...........

In any case, my trade went to where it should for Gbars (the low) out with a small profit...............
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  • #71,422
  • Aug 12, 2010 4:05am Aug 12, 2010 4:05am
Quoting Pinbar
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.

Not chicken Pb . . smart. :nerd:

We have a strong move down and this little poodle PB shows up (during thin market time, mind you). The 365 ema is good and it does line up with the .7100 but if the size isn't there it just shows weakness even if it does go to the moon. More times then not it won't. Its just not worth it.

And as you pointed out, the targets are so close they are considered traffic. Wouldn't a better setup be at the .7000 with a big Pitbull PB?
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Indicators show the past. Price Action "Indicates" the future.
  • #71,423
  • Aug 12, 2010 4:12am Aug 12, 2010 4:12am
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.
Thanks G
Anything can happen.
  • #71,424
  • Aug 12, 2010 4:12am Aug 12, 2010 4:12am
Hey Guys,
forgive me if its posted already, but what about
EURGBP H4
huh?
  • #71,425
  • Aug 12, 2010 4:16am Aug 12, 2010 4:16am
Quoting chowur
Hey Guys,
forgive me if its posted already, but what about
EURGBP H4
huh?
It's been raining bears on the Eur/Gbp recently and I would put this one in the "small bar vs huge down trend" category. Maybe a spectacular location would have caught my attention - but it seems this pair's eager to see 8100 again.

Also it's not at 8200 it's near it which makes it risky unless you are prepared to give it a wider stop below the 8200 level.
I believe . . .
  • #71,426
  • Aug 12, 2010 4:21am Aug 12, 2010 4:21am
Quoting ghous
It's been raining bears on the Eur/Gbp recently and I would put this one in the "small bar vs huge down trend" category. Maybe a spectacular location would have caught my attention - but it seems this pair's eager to see 8100 again.

Also it's not at 8200 it's near it which makes it risky unless you are prepared to give it a wider stop below the 8200 level.
Thanks for your reply, Im seeing IPB everywhere now on the 4hr charts
hope I dont dream of them tonight....lol
chow
  • #71,427
  • Aug 12, 2010 4:38am Aug 12, 2010 4:38am
Quoting ghous
"Yes" to the spread qs, "not sure" to the p4 clock question

here it is if you want it

g.

Thanks Ghous
  • #71,428
  • Aug 12, 2010 4:41am Aug 12, 2010 4:41am
Greetings,

G-U on the 1H-TF, multiple highs at PPZ 15708 and a lower closing low, short oppertunity ? Target 15600 maybe ?

May the force be with you,
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Pipcrawler
  • #71,429
  • Aug 12, 2010 4:51am Aug 12, 2010 4:51am
Greetings,
G-U just hit target 15600, that was a quicky.

May the force be with you,
Pipcrawler
  • #71,430
  • Edited 5:55am Aug 12, 2010 5:02am | Edited 5:55am
BE at FTA.

Let's see what it does.


Edit{

I am not going to let this become a loser, took half off the table at FTA and left the SL at BE so that even if i get stopped out, I will not lose out.

It may break the 133 or it may not, the PA bar looks big enough.
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  • #71,431
  • Aug 12, 2010 5:07am Aug 12, 2010 5:07am
Greetings,
I've a question about a bearish 2 bar pattern which appears quite often, I've marked off this pattern in the attachment. This 2 bar combination isn't a DBHLC because the highs are not (nearly) equal, it isn't a BEOB either because the first bar isn't entirely engulfed by the second bar. But it sure has a strong bearish impact. Could the senior members please comment on this bar pattern.http://cdn.forexfactory.com/images/icons/icon3.gif

May the force be with you,
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Pipcrawler
  • #71,432
  • Aug 12, 2010 5:16am Aug 12, 2010 5:16am
Quoting xmzhang
Greetings,
I've a question about a bearish 2 bar pattern which appears quite often, I've marked off this pattern in the attachment. This 2 bar combination isn't a DBHLC because the highs are not (nearly) equal, it isn't a BEOB either because the first bar isn't entirely engulfed by the second bar. But it sure has a strong bearish impact. Could the senior members please comment on this bar pattern.http://cdn.forexfactory.com/images/icons/icon3.gif

May the force be with you,
its a BEOB engulfing 3 prior bars on 4H tf on my chart
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #71,433
  • Aug 12, 2010 5:41am Aug 12, 2010 5:41am
Quoting xmzhang
Greetings,
I've a question about a bearish 2 bar pattern which appears quite often, I've marked off this pattern in the attachment. This 2 bar combination isn't a DBHLC because the highs are not (nearly) equal, it isn't a BEOB either because the first bar isn't entirely engulfed by the second bar. But it sure has a strong bearish impact. Could the senior members please comment on this bar pattern.http://cdn.forexfactory.com/images/icons/icon3.gif

May the force be with you,

Not sure what time frame that is and how close the highs are but, there is a margin of 2 pips I believe in the highs. So, the engulfing bar's high could be 2 pips lower than the first bar and it would still be considered a BEOB or a DBHLC.

Hope this helps, as the big guns are not around right now.
  • #71,434
  • Aug 12, 2010 6:00am Aug 12, 2010 6:00am
Quoting Pinbar
Not sure what time frame that is and how close the highs are but, there is a margin of 2 pips I believe in the highs. So, the engulfing bar's high could be 2 pips lower than the first bar and it would still be considered a BEOB or a DBHLC.

Hope this helps, as the big guns are not around right now.
Hey PB,
It's a 1H-TF and concerning the highs I already checked that, they are about 10 pips of. By the way, the other marked off pattern on the attachement, besides the last 2, are all DBHLC patterns.

May the force be with you,
Pipcrawler
  • #71,435
  • Aug 12, 2010 6:15am Aug 12, 2010 6:15am
Quoting xmzhang
Hey PB,
It's a 1H-TF and concerning the highs I already checked that, they are about 10 pips of. By the way, the other marked off pattern on the attachement, besides the last 2, are all DBHLC patterns.

May the force be with you,

The thing is, you have to be on the same feed as that person to check the highs of those bars.
  • #71,436
  • Aug 12, 2010 6:27am Aug 12, 2010 6:27am
did you guys see eurcad h1 beob ? great setup, unfortunately, i was away

jeurre
  • #71,437
  • Edited 7:51am Aug 12, 2010 6:51am | Edited 7:51am
Quoting jeurre
did you guys see eurcad h1 beob ? great setup, unfortunately, i was away

jeurre
Wow nice setup!

1.35 BRN with Fib confluence, Big BEOB engulfing 2 or 3 bars with a decisive close,


Edit, correcting fibs,
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  • #71,438
  • Aug 12, 2010 6:53am Aug 12, 2010 6:53am
DBHLC on the 4H-TF of the EUR-CHF with lots of momentum, BE at 13500, after that target PPZ at 13435 ?

May the force be with you,
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Pipcrawler
  • #71,439
  • Aug 12, 2010 7:12am Aug 12, 2010 7:12am
Quoting Jonnyislost
Wow nice setup!

1.35 BRN, confluence with 50% retracement, Big BEOB engulfing 2 or 3 bars with a decisive close,
Hi Jon,
I think u drew the fib wrongly. This is how I draw for checking the BEOB u mentioned.
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  • #71,440
  • Aug 12, 2010 7:15am Aug 12, 2010 7:15am
Just got stopped out at BE plus after taking the initial 50% off at the FTA.

I knew this was not a great location for this PB, I thought it would be a good exercise in protecting my capital and there was a slight chance it would run.
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