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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

  • #73,841
  • Sep 3, 2010 5:05am Sep 3, 2010 5:05am
Quoting Pinbar
That is a general misconception.

The SAN is not the honorific SAN put on to people's names.

富士＝FUJI　山＝SAN＝Mountain
that's why I quit studying japanese very early, lol.
Too complicated. I better focus on trading - it is simple
  • #73,842
  • Sep 3, 2010 5:14am Sep 3, 2010 5:14am
Quoting Adilius07
that's why I quit studying japanese very early, lol.
Too complicated. I better focus on trading - it is simple

Adi.......Don't say that!

I just made 3 losing trades in a row.
  • #73,843
  • Sep 3, 2010 5:14am Sep 3, 2010 5:14am
Quoting Pinbar
Stopped out again.

The main problem with this trade seems to be the BEOB not closing below the TL and the sideways PA. I think I was blinded by the 0.9100 and the BEOB.

I should have been watching the sideways market and saying, forget it.

Strange that, I even said in the post before I took this trade, that I wanted to see the BEOB close below the TL and the 0.9068 area yet, I still took this trade. I also criticized the size of the BEOB saying it only encompasses a single bar, yet I still took it.


I think this weekend I need...
IMO...this played out on the 4H TF and hit it's tgt which was a trouble area depicted on the charts I posted...it appears it was playable for a scalp with very tight management...if you look at the higher TF's (daily) it hit a PPZ...so in my opinion it worked ...but would not expect a big move due to PPZ and BUB on the daily...conjestion/traffic below...but of course it is easy to play Monday Morning Quarterback after the fact...in my book and I believe I am very fussy...it was an easy pass...although good to demo to see how to manage the trade and learn from...I am there with ya...always learning...thanks for posting
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  • #73,844
  • Sep 3, 2010 5:17am Sep 3, 2010 5:17am
Quoting Pinbar
Adi.......Don't say that!

I just made 3 losing trades in a row.
Oh well that doesn't mean much... you never know in what sequence they will come: 47 winners come first or 3 loosers come first, or mixed....
  • #73,845
  • Sep 3, 2010 5:54am Sep 3, 2010 5:54am
Quoting aserbfx
eur/cad buob on h4.
banked +40 pips with 1/2, stopp at be +1 now.
meine augen sind die sterne
  • #73,846
  • Edited 6:49am Sep 3, 2010 6:19am | Edited 6:49am
Hello Guys,
I'm new to FF and this thread but have read this thread closely for a couple of weeks.
And My feelings of this is you are like Men in Black of this forex industry
A special elite group of people who have done a considerable successful job of starting this very useful thread,which contains road to success.
I would be very much interested to post my charts on this thread,to share My opinions.
Would you guide me on how to post an image(thumbnail) on this thread.
And my other question that i have come across while reading this thread is inside bars,they seem like out of world things.
And placing stop loss orders just along the nose of pin bars rather then below them
Please Reply
Ron
  • #73,847
  • Sep 3, 2010 6:20am Sep 3, 2010 6:20am
Quoting aserbfx
banked +40 pips with 1/2, stopp at be +1 now.
nice move off 1.3500
  • #73,848
  • Edited 6:46am Sep 3, 2010 6:24am | Edited 6:46am
Quoting Adilius07
Oh well that doesn't mean much... you never know in what sequence they will come: 47 winners come first or 3 loosers come first, or mixed....

As long as it isn't 47 losers.

yeah, no sweat and only micro lots for now.

Still, this is no excuse for taking such bad trades.!!!!!!!!

It shall be duly noted.
  • #73,849
  • Sep 3, 2010 6:27am Sep 3, 2010 6:27am
Quoting Atc
IMO...this played out on the 4H TF and hit it's tgt which was a trouble area depicted on the charts I posted...it appears it was playable for a scalp with very tight management...if you look at the higher TF's (daily) it hit a PPZ...so in my opinion it worked ...but would not expect a big move due to PPZ and BUB on the daily...conjestion/traffic below...but of course it is easy to play Monday Morning Quarterback after the fact...in my book and I believe I am very fussy...it was an easy pass...although good to demo to see how to manage the trade...

Yeah, I think you are right.

I got so tied up with the Monthly and weekly PPZ, I tend to forget the daily.
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  • #73,850
  • Sep 3, 2010 7:39am Sep 3, 2010 7:39am
Quoting Jonnyislost
The yen pairs are getting very wound up, some of them on Big Round Numbers.

Notebly CAD/JPY, there is an I4B/BRN combo on the daily

NFP could be explosive

We seem to have picked a direction

Good 'ol NFP
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  • #73,851
  • Sep 3, 2010 7:46am Sep 3, 2010 7:46am
Quoting joelcf
Not in an Aston Martin.



In an Aston Martin.



In an Aston Martin. With Kate Beckinsale. On the god damn moon.

...

Closed AUDUSD, tightened up stops on everything bar EURCHF shorts, put in a line of sell stops there to build my positions in case the SNB decides that a quiet market is a dumpable market.... Have a good weekend all
haha great post joel will be studying j16 method hard, cause i prefer the 3rd option

A great weekend to you too.
  • #73,852
  • Sep 3, 2010 7:52am Sep 3, 2010 7:52am
Quoting ppfx
haha great post joel will be studying j16 method hard, cause i prefer the 3rd option

A great weekend to you too.

At the rate I am going, I shall be on a tricycle with a flat tire.
  • #73,853
  • Sep 3, 2010 7:56am Sep 3, 2010 7:56am
I really hope somebody/somewhere in the world, took this 5 Minute Pin
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  • #73,854
  • Sep 3, 2010 8:00am Sep 3, 2010 8:00am
Quoting Jonnyislost
I really hope somebody/somewhere in the world, took this 5 Minute Pin
no, but i am just glad that i put a stop on this puppy.
i guess we will get some outside bars on the H4 now.
meine augen sind die sterne
  • #73,855
  • Sep 3, 2010 8:01am Sep 3, 2010 8:01am
Quoting Jonnyislost
I really hope somebody/somewhere in the world, took this 5 Minute Pin
The worst would be to take this pin and quickly exit at FTA
  • #73,856
  • Sep 3, 2010 8:02am Sep 3, 2010 8:02am
Quoting xmzhang
G'day Aserfx,
If you take a look at the weekly TF, you'll notice a DBHLC (the highs are 9 pips off) at a swing high, double top and a 50 fib level, price broke the low of the DBHLC and is now retracing. I would keep an eye on the high of the bar previous to the DBHLC pattern and watch for PA there to go short. Also notice the very big BEOB prior to your much smaller BUOB. Viel gluck !

May the force be with you.
Price indeed retraced close to the high of the weekly bar previous to the DBHLC, and BOOOOOM dropped like a rock from thereon. Price has dropped now more than 150 pips during 1 hour ! Price is now pulling back to retest the retracement TL from below. http://cdn.forexfactory.com/images/icons/icon10.gif

May the force be with you.
Pipcrawler
  • #73,857
  • Sep 3, 2010 8:06am Sep 3, 2010 8:06am
Quoting Pinbar
At the rate I am going, I shall be on a tricycle with a flat tire.
You'll get there dont worry. Bad months happens too, cause if they wouldnt happen i would still have my live account at +20% from since i opened it. Instead of this im now +1.6% in profit
  • #73,858
  • Sep 3, 2010 8:07am Sep 3, 2010 8:07am
Quoting xmzhang
Price indeed retraced close to the high of the weekly bar previous to the DBHLC, and BOOOOOM dropped like a rock from thereon. Price has dropped now more than 150 pips during 1 hour ! Price is now pulling back to retest the retracement TL from below. http://cdn.forexfactory.com/images/icons/icon10.gif

May the force be with you.
yes, because of news... non-farm payrolls; not because of resistance...
May the force be with you, too
meine augen sind die sterne
  • #73,859
  • Sep 3, 2010 8:08am Sep 3, 2010 8:08am
Quoting aserbfx
no, but i am just glad that i put a stop on this puppy.
i guess we will get some outside bars on the H4 now.
Yeah We have nice ones on the CAD crosses but I'm not brave enough to take them,
30 mins after the News and on a Friday heading towards a Holiday weekend
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  • #73,860
  • Sep 3, 2010 8:22am Sep 3, 2010 8:22am
Quoting xmzhang
Hey Jarroo,
Any thoughts about the E-G. Price starts coiling up nicely and has made a higher low on the weekly. I wouldn't be surprised if we see a nice breakout to the upside, I'll be then looking for a break and a pullback as asual.

May the force be with you.
Nice chart, xmz. The E-G is wedging nicely on the Daily as it did on the 4 Hour. A break out to the upside may find Resistance at the .8400.

At current levels, the .8350ish confluence may provide some nice Bearish PA to continue its wedge formation.
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Indicators show the past. Price Action "Indicates" the future.
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