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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

  • #72,081
  • Aug 18, 2010 10:06am Aug 18, 2010 10:06am
Quoting ppfx
exellent explanation Jonny i had something like that in my mind while writing the post above, but didnt find the right words. I have to work on my english a little and not only on trading
Thanks dude, but I'm just repeating what the seniors taught me here
Don't worry about your English, it's probably better than mine, and I was born in England
  • #72,082
  • Aug 18, 2010 10:22am Aug 18, 2010 10:22am
Another one I came close to taking (I'm sure passing on a lot lately)

The bar size wasn't huge and it's pretty late in the trading day. But we had a BRN, minor divergence and PA.

Also I like the space and way the trouble areas are clearly defined (clear areas to reduce risk, take profit and so on)
I marked the major ones in blue;
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  • #72,083
  • Aug 18, 2010 10:35am Aug 18, 2010 10:35am
Quoting Jonnyislost
Another one I came close to taking (I'm sure passing on a lot lately)

The bar size wasn't huge and it's pretty late in the trading day. But we had a BRN, minor divergence and PA.

Also I like the space and way the trouble areas are clearly defined (clear areas to reduce risk, take profit and so on)
I marked the major ones in blue;
Where would your entry be on this one, at the break of the recent pin?
  • #72,084
  • Aug 18, 2010 10:47am Aug 18, 2010 10:47am
Quoting Pipologist99
Where would your entry be on this one, at the break of the recent pin?
around 5 pips above the pin, something like that. I rarely trade on retracements

Jonny
  • #72,085
  • Aug 18, 2010 11:00am Aug 18, 2010 11:00am
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting The Lord
Regarding inside bars, I prefer a good rejection bar and then an inside bar. I have an example. It almost acts as a pinbar substitute.

Attachment
The Lord, where did you enter on that rejection bar + inside bar on eur/cad 4H? On the break of the inside bar? Or on the break of the mother bar? And where did you set the SL? Thanks.
  • #72,086
  • Aug 18, 2010 11:57am Aug 18, 2010 11:57am
Quoting Jonnyislost
Thanks dude, but I'm just repeating what the seniors taught me here
yeah god bless the seniors

Quoting Jonnyislost
Don't worry about your English, it's probably better than mine, and I was born in England
lol man you're funny
  • #72,087
  • Aug 18, 2010 1:05pm Aug 18, 2010 1:05pm
is this pinbar too small?
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meine augen sind die sterne
  • #72,088
  • Aug 18, 2010 1:15pm Aug 18, 2010 1:15pm
hi guys just watching these nice pin bars forming if they close like this then green to go i think



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let me know what everyone thinks
  • #72,089
  • Aug 18, 2010 1:17pm Aug 18, 2010 1:17pm
entered the wrong chart for gbp/jpy

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  • #72,090
  • Aug 18, 2010 1:17pm Aug 18, 2010 1:17pm
Quoting aserbfx
is this pinbar too small?
With the new strategy im testing now, i'd say its good as it is going with the trend and its off a ppz area.

But im a little skeptical with this one. I marked the FTA, and imho is too close. If it would be off the 1.25 area (like i marked it) would be much much better.

Hope this helps somehow.

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  • #72,091
  • Aug 18, 2010 1:18pm Aug 18, 2010 1:18pm
Quoting aserbfx
is this pinbar too small?
It's not far off but an easy pass for me. Too small to grab my attention.
  • #72,092
  • Aug 18, 2010 1:58pm Aug 18, 2010 1:58pm
Hi folks,

Just a quicky - don't have to post up any charts just now (will try later)

Looking at EUR/JPY and EUR/CHF (2 day PB or '2 bar reversal') both look like tasty longs on my GFT feed.

Which one looks like the better setup?

Obviously the daily bars haven't closed yet but *with most of the trading day out of the way* and if they looked similar tomorrow am - which one looks nicer?
Anything can happen.
  • #72,093
  • Aug 18, 2010 2:05pm Aug 18, 2010 2:05pm
Quoting ddinnov
Hi folks,

Just a quicky - don't have to post up any charts just now (will try later)

Looking at EUR/JPY and EUR/CHF (2 day PB or '2 bar reversal') both look like tasty longs on my GFT feed.

Which one looks like the better setup?

Obviously the daily bars haven't closed yet but *with most of the trading day out of the way* and if they looked similar tomorrow am - which one looks nicer?
Well from what i see on my charts, none of the is very good. On the EJ seems like the price is stalled at 110. and on the EC the FTA-1.35 is very close. But i would rather take the EJ than EC if you really have to choose one.

Just my 2 cents. Hope it helps

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  • #72,094
  • Aug 18, 2010 2:07pm Aug 18, 2010 2:07pm
Quoting pocrel
entered the wrong chart for gbp/jpy
Hey pocrel,

I don't trade OIL, so can't comment on that setup much but it does look like it has potential.

Regarding GBP/JPY, I'd wait for a better pin. It's currently surrounded by congestion... which means the pin has to fight through all this to get out (see chart). With that said, the pin itself is small... can it win the fight? I wouldn't bet on it.

I posted another chart that shows what kind of space and bar size we look for. Nothing fancy.

Hope this helps.

-- Danny
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  • #72,095
  • Aug 18, 2010 2:27pm Aug 18, 2010 2:27pm
Quoting ppfx
Well from what i see on my charts, none of the is very good. On the EJ seems like the price is stalled at 110. and on the EC the FTA-1.35 is very close. But i would rather take the EJ than EC if you really have to choose one.

Just my 2 cents. Hope it helps

Attachment Attachment
EUR/JPY (yesterday's candle - 2nd image) is a BUOB/DBLHC on my feed. I thought CHF had more space.

Saw a similar setup on NZD/CHF to the EUR/CHF so managed to take both without correlating
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Anything can happen.
  • #72,096
  • Aug 18, 2010 2:34pm Aug 18, 2010 2:34pm
It finally hit me! After being stuck on short time frames for so long, thanks to this forum, I’m finally able to see the long time frames benefits. I’ve been straggling for so long with the longer time frames. I didn’t have the confident to hold positions for so long, but this now has changed thanks to the great people in this forum. Thank you Merlin for the magic you created here. In my opinion knowledge alone is not enough. The place and atmosphere where you apply this knowledge is certainly a must have and this is the right place. James, man, thanks a lot for this forum. I can not thank you enough. It makes me so happy to know that good people still exist in this world. This forum has such a positive vibe to it.

Growing and growing and growing…

I’m reading the forum’s posts from the beginning (currently on page 102), and enjoying every post. It makes me happy to see that you guys are still around and kicking ass!

When I'll become proficient in this, I will post some charts and contribute to the forum to the best of my abilities.
Thank you so much to all the people in this forum. Thanks for sharing your knowledge, your kindness, and thank you for helping others!



fxtsun
___________________________________

"And, in the end, the love you take is equal to the love you make." The Beatles
  • #72,097
  • Aug 18, 2010 2:47pm Aug 18, 2010 2:47pm
Quoting fxtsun
It finally hit me! After being stuck on short time frames for so long, thanks to this forum, I’m finally able to see the long time frames benefits. I’ve been straggling for so long with the longer time frames. I didn’t have the confident to hold positions for so long, but this now has changed thanks to the great people in this forum. Thank you Merlin for the magic you created here. In my opinion knowledge alone is not enough. The place and atmosphere where you apply this knowledge is certainly a must have and this is the right place. James, man,...
welcome FXT, I get very excited when new people find this stuff. The feeling is like a weight coming off but you have your work cut out for you. Just have fun and demo, and ask questions along the way.

Mike

PS love that beatles quote
  • #72,098
  • Aug 18, 2010 2:48pm Aug 18, 2010 2:48pm
Quoting bluetrader
Hey pocrel,

I don't trade OIL, so can't comment on that setup much but it does look like it has potential.

Regarding GBP/JPY, I'd wait for a better pin. It's currently surrounded by congestion... which means the pin has to fight through all this to get out (see chart). With that said, the pin itself is small... can it win the fight? I wouldn't bet on it.

I posted another chart that shows what kind of space and bar size we look for. Nothing fancy.

Hope this helps.

-- Danny
great posts today Danny, been enjoying them
  • #72,099
  • Aug 18, 2010 3:09pm Aug 18, 2010 3:09pm
Quoting pocrel
hi guys just watching these nice pin bars forming if they close like this then green to go i think



Attachment

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let me know what everyone thinks
Hi Pocrel,

I have my eye on the NZD/USD Short.

1. With the trend
2 With the weekly trend
3 Bounce off the monthly pivot - these are great for daily set ups IMO.
3. Bit of space about.
4. Target 0.7000
5 Order at 0.7090.

Pin needs to hold it's shape until close, however.
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"Fail to prepare, prepare to fail."
  • #72,100
  • Aug 18, 2010 3:49pm Aug 18, 2010 3:49pm
i like this pin on oil.
50% fib, rn,trendline...
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meine augen sind die sterne
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