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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

  • #74,621
  • Sep 13, 2010 1:02pm Sep 13, 2010 1:02pm
Quoting aserbfx
an interesting looking ipb on a/u h4.
Has that candle closed yet? Currently it is an Inside Bar not an IPB.
Indicators show the past. Price Action "Indicates" the future.
  • #74,622
  • Sep 13, 2010 1:09pm Sep 13, 2010 1:09pm
Quoting jarroo
Has that candle closed yet?
yes.
meine augen sind die sterne
  • #74,623
  • Sep 13, 2010 1:11pm Sep 13, 2010 1:11pm
Quoting aserbfx
yes.

That's weird . . my Alpari feed hasn't closed yet. . . must be a different closing time.
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Indicators show the past. Price Action "Indicates" the future.
  • #74,624
  • Sep 13, 2010 1:16pm Sep 13, 2010 1:16pm
Quoting jarroo
That's weird . . my Alpari feed hasn't closed yet. . . must be a different closing time.
yes, alpari is closing in 2 hours. this is from ibfx and i have no clue why "alpari" is written in the picture. but trust me , it is ibfx and closed 15 in ago.
meine augen sind die sterne
  • #74,625
  • Sep 13, 2010 1:21pm Sep 13, 2010 1:21pm
Quoting aserbfx
yes, alpari is closing in 2 hours. this is from ibfx and i have no clue why "alpari" is written in the picture. but trust me , it is ibfx and closed 15 in ago.

ah I see . . . Mike explained this phenomenon before . . something to do with how you save your template or something like that.


Its still an inside bar . lol
Indicators show the past. Price Action "Indicates" the future.
  • #74,626
  • Sep 13, 2010 1:39pm Sep 13, 2010 1:39pm
Quoting jarroo
Running into alot traffic, PB is not at a swing High . . .size looks good.

The 1.5600 is a PPZ level that could be building Support. A entry and hard break below the 1.5600 could give enough momentum to cover your risk . . .but not the ideal setup I would be looking for location-wise.

Just some thoughts,

Jim

This is weird . . FxPro feed showed a hard break of the 1.5600 inspired by the Daily PB on the Gbp/Chf. Where other feeds did not. I suspect the true feed was the latter.

I knew there was a reason why I like FxPro . .they only show hard breaks . . .(jk).
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Indicators show the past. Price Action "Indicates" the future.
  • #74,627
  • Sep 13, 2010 1:41pm Sep 13, 2010 1:41pm
I saw some equity charts thrown up the past few days... And since it's been pretty quiet, I thought I would add to the mix.

NRGY Weekly BUOB off support (prior resistance). What are the odds price will hit 40.00?
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  • #74,628
  • Sep 13, 2010 1:43pm Sep 13, 2010 1:43pm
Quoting bluetrader
I saw some equity charts thrown up the past few days... And since it's been pretty quiet, I thought I would add to the mix.

NRGY Weekly BUOB off support (prior resistance). What are the odds price will hit 40.00?

I would say pretty good, blue.
Indicators show the past. Price Action "Indicates" the future.
  • #74,629
  • Sep 13, 2010 2:10pm Sep 13, 2010 2:10pm
Any ideas on GBP/NZD daily ipb?
The gap openning looks fishy to me.

Best,
PP
  • #74,630
  • Sep 13, 2010 2:21pm Sep 13, 2010 2:21pm
Quoting PrincoPrinco
Any ideas on GBP/NZD daily ipb?
The gap openning looks fishy to me?

Best,
PP

The gap has been filled, if it was still open that would be fishy.

I like it. It meets many of ghous' criteria.
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Indicators show the past. Price Action "Indicates" the future.
  • #74,631
  • Sep 13, 2010 2:42pm Sep 13, 2010 2:42pm
Quoting PrincoPrinco
Any ideas on GBP/NZD daily ipb?
The gap openning looks fishy to me.

Best,
PP
A couple of things to be aware of. For me the two bar low might be more of a trade opportunity than the IPB. I am an IPB novice though so pls defer to Jarroo or Ghous for commentary on how this should be played if you give more weight to it. If I am not mistaken James16 will place a sell order right there usually. I'm just not sure if he would do this at the PPZ (red horizontal). My style is to watch the break and then short on a pullback to the PPZ later when the opportunity is best. A two bar low in between these PPZ's is a definate sell for me with my TP target at the next PPZ. While my initial bias is to let this one go at the outset, someone else here may see this as a bang up high probability situation. This really is the first time I have encountered this exact situation and am very interested if price will range for a few days or break hard below the lows. One last thing. This might read different and not be a TBL on other feeds. I am showing you IBFX.

K.I.S.S.
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  • #74,632
  • Sep 13, 2010 2:51pm Sep 13, 2010 2:51pm
On GBPCHF pinbar:

Sold at break of pinbar, and below round number 1.5600.
Quick in, quick out, above FTA, at 1.5535.

Sold 0.3 lots, and took U$178.59, which is actually U$1,78. It's a micro account on liteforex.

But at least it's real profit! Lol!

Cheers!
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Chasing Livermore...
  • #74,633
  • Sep 13, 2010 3:54pm Sep 13, 2010 3:54pm
Quoting PrincoPrinco
Any ideas on GBP/NZD daily ipb?
The gap openning looks fishy to me.

Best,
PP
Aproaching the target in just 5 min although trading daily charts.
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Trading: the skill of avoiding trades
  • #74,634
  • Edited 9:40pm Sep 13, 2010 5:03pm | Edited 9:40pm
Quoting eswap0
Aproaching the target in just 5 min although trading daily charts.

Yes, the main target would be the IPB's high which just happens to line up with a previous Support level. Nice.

But the FTA is the previous bar Low (blue line). This would be the area to move to breakeven or move your stop underneath it, just like any other PA setup.

Ghous would be proud of this one, many qualifications are met, although the size could have been bigger . .( isn't that the case with all PA setups . .lol)
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Indicators show the past. Price Action "Indicates" the future.
  • #74,635
  • Sep 13, 2010 5:13pm Sep 13, 2010 5:13pm
Quoting bluetrader
I saw some equity charts thrown up the past few days... And since it's been pretty quiet, I thought I would add to the mix.

NRGY Weekly BUOB off support (prior resistance). What are the odds price will hit 40.00?
Wow, great chart!
  • #74,636
  • Sep 13, 2010 6:20pm Sep 13, 2010 6:20pm
Potential trade on U/J - signal 4HR BEOB, downward momentum strong. Thinking only take if it can close below the previous low 83.33.
Any thoughts
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  • #74,637
  • Sep 13, 2010 6:59pm Sep 13, 2010 6:59pm
Quoting MrCBee
Potential trade on U/J - signal 4HR BEOB, downward momentum strong. Thinking only take if it can close below the previous low 83.33.
Any thoughts
What is your target? Are you going to chase with trailing SL or something?

BTW, you are posting the whole screen. You can right click the chart->save as picture, then upload the chart only.
  • #74,638
  • Sep 13, 2010 7:08pm Sep 13, 2010 7:08pm
Quoting jarroo
3rd attempt? . .I think its got a good chance to act again as Resistance . . again strong PA would be hint, although the traffic is a bit rough.
I'm looking at this one as a possible break out play. Or better still a break of that level and a retrace. My reasoning stems from the formation of the bars themselves. On the weekly, they hit that area retreat but come right back, PBs. Like they are just picking at this resistance level trying to find an opening. If the closes were away from that level I would be leaning more towards the bear move. Just a thought.
  • #74,639
  • Sep 13, 2010 7:29pm Sep 13, 2010 7:29pm
I know this question has probably been asked but I am a newbe and will ask anyway. Does anyone trade pin bars only with MA's, Support and Resistance etc and make consistant profits? If so what is the best course of action for me to take in learning how to do this? There are thousands of post but is there somthing compiled and easy to access?

Thanks.

fap103
  • #74,640
  • Sep 13, 2010 8:02pm Sep 13, 2010 8:02pm
Anyone watching this DBHLC on NZD/USD 1 pip difference in the highs?
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