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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

  • #75,321
  • Sep 22, 2010 10:09am Sep 22, 2010 10:09am
Quoting bluetrader
Hey melvin,

It's best to take into consideration all bars to the left of the pin bar. We want the pin bar to protrude "in space" and close strongly inside prior highs or lows. How much takes practice, but I attached some charts to illustrate the difference.

Hope this helps,

-- Danny
Hey blue, thanks for clarifying!
  • #75,322
  • Sep 22, 2010 10:10am Sep 22, 2010 10:10am
Quoting raczekfx
If you didn't understood a single word I shared with you, don't worry about it. Perhaps it's not time yet.
I am glad I popped around for a few minutes.

That should be the summary to all those who complain about J16. If what J16 teaches doesn't work for you, you simply don't get it. Period.
One Chart is Worth Ten Thousand Words.
  • #75,323
  • Sep 22, 2010 10:22am Sep 22, 2010 10:22am
A quick trade on the GBPJPY.

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  • #75,324
  • Sep 22, 2010 10:32am Sep 22, 2010 10:32am
missed this one... it would be a nice trade.. just off the weekly ppz @0.7400

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  • #75,325
  • Sep 22, 2010 10:34am Sep 22, 2010 10:34am
usdcadh4 update!

later edit : still in trade! free trade!
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  • #75,326
  • Sep 22, 2010 10:36am Sep 22, 2010 10:36am
Anyone surprised that the yen is gaining strength again?

I figured that intervention would send price the opposite way the central banks wanted it to after a while.

You can't support something forever when it's not the natural value.

Same thing happened on the EUR/USD when all the news of intervention happened, quick spike rally, followed by some of the strongest down days on the euro in a long time.....
Many choose unhappiness over uncertainty.
  • #75,327
  • Sep 22, 2010 10:49am Sep 22, 2010 10:49am
Quoting Dan Gilbert
Anyone surprised that the yen is gaining strength again?

I figured that intervention would send price the opposite way the central banks wanted it to after a while.

You can't support something forever when it's not the natural value.

Same thing happened on the EUR/USD when all the news of intervention happened, quick spike rally, followed by some of the strongest down days on the euro in a long time.....
I can't help wondering how much they spent trying to change a trend - and how that money could have been better spent...
Anything can happen.
  • #75,328
  • Sep 22, 2010 10:54am Sep 22, 2010 10:54am
Quoting Dan Gilbert
Anyone surprised that the yen is gaining strength again?

I figured that intervention would send price the opposite way the central banks wanted it to after a while.

You can't support something forever when it's not the natural value.

Same thing happened on the EUR/USD when all the news of intervention happened, quick spike rally, followed by some of the strongest down days on the euro in a long time.....
I think it will be interesting if UJ makes it down to 82 area as the BOJ pretty much said this is their line in the sand that they're protecting. I think you would have to be pretty brave to be buying yen down there, unless it's a long term trade
But I try not to think/analyze these things too much too much. Right now my tiny brain is full of PA and only PA
  • #75,329
  • Sep 22, 2010 10:56am Sep 22, 2010 10:56am
Quoting phpscott
If you have an Intel Mac, download Mac OS X x86 20060611, otherwise download Mac OS X PPC 20041107. You just install the package in the zip file.

Scott
Hi Scott,
Thanks for the tip. Will do the needful and revert if I am still having problems.

Cheers
Novice 198
  • #75,330
  • Sep 22, 2010 11:17am Sep 22, 2010 11:17am
Quoting ppfx
missed this one... it would be a nice trade.. just off the weekly ppz @0.7400

Attachment Attachment
As a newbie I don't want to ask a daft question but .. I don't see a pin on the chart, had you took the trade what would your entry trigger be .. when it touched the ppz .. or bounced off it and drop to a lower timeframe for a PA bar entry ?
  • #75,331
  • Sep 22, 2010 11:28am Sep 22, 2010 11:28am
Quoting oltciter
usdcadh4 update!

later edit : still in trade! free trade!
Glad to see you doing well, i missed this.
I like the BUOB on 4h and well tested support, on my other feeds one had closed as DBLHC if you except 3 pips!!
I was looking at 1.0248 as an agressive entry.
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  • #75,332
  • Sep 22, 2010 12:04pm Sep 22, 2010 12:04pm
Anyone watching the CAD/JPY...retrace bounced off the 50 fib and old support?
  • #75,333
  • Sep 22, 2010 12:47pm Sep 22, 2010 12:47pm
Hey guys,

Have a look at EUR/USD 4H timeframe. Price closed 45 minutes ago with a nice bearish pinbar at a swing high.
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  • #75,334
  • Sep 22, 2010 1:01pm Sep 22, 2010 1:01pm
Quoting ghous

For instance compare it with the BUOB right next to it. You are really selling into the face of the bulls and when you do that you need a very strong reason. Quite frankly I didn't even stop on that bar and only looked at it after going through your post.

g.
Thx Ghous
  • #75,335
  • Sep 22, 2010 1:06pm Sep 22, 2010 1:06pm
Quoting billm
As a newbie I don't want to ask a daft question but .. I don't see a pin on the chart, had you took the trade what would your entry trigger be .. when it touched the ppz .. or bounced off it and drop to a lower timeframe for a PA bar entry ?
Your question isnt duft.
Im learning how to touch trade, and thats why there isnt any PA on the chart. I found a good ppz area on the weekly and then i was looking to enter on the lower timeframe. Jarroo explained me a little about this here , here and here .

You can see that this time it would be good to enter in that trade, cause on the daily its forming a nice pinbar Thats why im trying to learn how to touch trade. If you find a good setup you're ahead of the game. But first you have to learn about PA, PPZs and everything in this thread, which gives you a lot of unterstanding of how price is reacting when close to the ppz. You have to learn to walk first before trying to run. And also keep in mind that waiting for PA is much more safe than touch trading. It all depends on the trader and how he like to trade.


Hope i answered your questions,

ppfx

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  • #75,336
  • Sep 22, 2010 1:23pm Sep 22, 2010 1:23pm
Quoting ts63
Hey guys,

Have a look at EUR/USD 4H timeframe. Price closed 45 minutes ago with a nice bearish pinbar at a swing high.
some of the new people here really need to be careful .. go back over the thread and understand what is A+

How is a small H4 pin that is totally COUNTER the trend as can be seen on your own chart, A+ ?
Granted it might work for a few, at least u might get safe at BE, but that is by no means A+

Please be careful until u understand low risk setups
  • #75,337
  • Sep 22, 2010 1:36pm Sep 22, 2010 1:36pm
Quoting Hitchhiker
Anyone watching the CAD/JPY...retrace bounced off the 50 fib and old support?
Thoughts guys?..that's the 50 fib off the weekly
  • #75,338
  • Sep 22, 2010 1:46pm Sep 22, 2010 1:46pm
Hi All,

I am new to the thread..and wanted to throw up a chart of what I think is a nice looking 4hr pin bar at the 50% retracement level on the USD/JPY pair. Is anyone else looking at this and do you think it is a trade worth taking?
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  • #75,339
  • Sep 22, 2010 2:11pm Sep 22, 2010 2:11pm
Quoting SafePassage
Hi All,

I am new to the thread..and wanted to throw up a chart of what I think is a nice looking 4hr pin bar at the 50% retracement level on the USD/JPY pair. Is anyone else looking at this and do you think it is a trade worth taking?
Hey Safe

I like the location, but the size of bar and time of day makes that easy pass in my book. Like pipmyride said, if were going to be playing on reversals we want something of substance. Now that isn't a blanket statement b/c some are fine with smaller bars. But still you have the time of the day. It is in my view that a big bar at a location like this gives us much more info and confidence to go off(at least for me I need the very obvious ). I like your location a lot though if it is going to resume this recent up move.

Best
Mike
  • #75,340
  • Sep 22, 2010 2:19pm Sep 22, 2010 2:19pm
Quoting Forex007
I am glad I popped around for a few minutes.

That should be the summary to all those who complain about J16. If what J16 teaches doesn't work for you, you simply don't get it. Period.
Only a dead man knows what happens after death, and he cant tell anyone about it no matter how much he'd try or want to.

same with success in trading.
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