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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

  • #75,461
  • Edited 5:49pm Sep 23, 2010 5:12pm | Edited 5:49pm
Quoting ppfx
some bullish PA on the 4h...
The Daily PPZ level, 133.00 on the Eur/Usd, looks to be turning in to Support again. Very clear PPZ level.

Moving down to lower times frames, this is a good bit of info to know.

On the 4 hour I see your looking for some other confluences to fit that 133.00 PPZ level which broke previous Resistance (early Aug) and now could be turning into Support. The stronger the confluence that would support that level to go long . . the better.

The 4 hour PB is a bit small but as a locational trade not to bad. . . it did hit its target or FTA. . .tight management is still required . . .move to break even or free trade it.


Not bad ppfx ..
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Indicators show the past. Price Action "Indicates" the future.
  • #75,462
  • Sep 23, 2010 5:32pm Sep 23, 2010 5:32pm
Quoting Atc
More of BEB
I am finding the shape of that bar does not have to be perfect....PB's are not all perfectly shaped and as you know many still work ...even the A shaped PB's fail....but location,location,location in conjunction with any other confluences give the signal...but I know I am not saying anything new to you.

Regards---Bill

Looks more like a neutral bar . . indecision . . .I would like to have seen the body a bit more to the top (chart), which would give it a longer nose.

Location was good and important . . but structure is also equally important . . ghous is pretty strict which IPB . .as well we should be.

Looks like it work out nicely . .Bill.
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Indicators show the past. Price Action "Indicates" the future.
  • #75,463
  • Sep 23, 2010 5:46pm Sep 23, 2010 5:46pm
Quoting nasir.khan
Was on a break Sir.
Dont remember what it was like then,...
BTW why some people are taking trades without pa?
Hope u can help me learn back some stuff.
.

lol . . I'm sure you'll get back into the "swing" of things (pun intended) with no problems.

Yes, there has been some talk and charts about touch trades or locational trades without PA.
As long as people Demo and backtest the hell out of it . . . its not a bad exercise that helps fine tune looking for strong locational confluence at a given level.

Once one gets good at that exercise and then throws in great PA confirmation . . . it will only help in the long run.
Indicators show the past. Price Action "Indicates" the future.
  • #75,464
  • Sep 23, 2010 5:54pm Sep 23, 2010 5:54pm
Any thoughts about this daily PB of the C-C for a rangeplay ?
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Pipcrawler
  • #75,465
  • Sep 23, 2010 6:14pm Sep 23, 2010 6:14pm
Quoting xmzhang
Any thoughts about this daily PB of the C-C for a rangeplay ?

Very weak close for a bullish PB . .it barely closed within the previous bar.


I do like the .9500 BRN .. now if the Monthly could close just where it is right now . . .we would see a nice IPB . .still a week to go.
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Indicators show the past. Price Action "Indicates" the future.
  • #75,466
  • Sep 23, 2010 7:17pm Sep 23, 2010 7:17pm
I don't trade IB's yet, but this one is telling me short. Anyone taking this?
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  • #75,467
  • Sep 23, 2010 7:40pm Sep 23, 2010 7:40pm
Quoting mbqb11
Hey KyEap

The best thing to do right now is start going through the first few hundred pages. Some things will just become more clear as you see more examples from James16. Also begin to go through the links that James put up on post #1. The gist of what we are doing is looking for high probability locations and then looking for bar confirmations at that area(outside bars, pinbars, etc)

Let us know if you have more questions
Mike
Hi,Mike.

Thanks for your reply.
I'm reading James16 stuff and trying to understand much as I can.
Thanks for your advice

KyEap.
  • #75,468
  • Sep 23, 2010 7:43pm Sep 23, 2010 7:43pm
I just entered that in my journal, I think it has nice potential.

Retest of 1.3000 would be a great place to close and get some PA to go long.
  • #75,469
  • Sep 23, 2010 8:32pm Sep 23, 2010 8:32pm
would like an opinion on this one. Looking at getting in Now and looking for a retrace back up to the 135 area. Any thoughts?
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  • #75,470
  • Sep 23, 2010 8:53pm Sep 23, 2010 8:53pm
Quoting spookie94
would like an opinion on this one. Looking at getting in Now and looking for a retrace back up to the 135 area. Any thoughts?
Personally based on that weeky, i'm waiting for this area on 1hr to clear, then retest w ith some kind of pa to get long up to 135 and hopefully beyond.
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  • #75,471
  • Sep 23, 2010 9:23pm Sep 23, 2010 9:23pm
Quoting ddinnov
I'm struggling to find much wrong with tnis one..
Forgive me if I'm wrong but if your looking to go long shouldn't your fib start at 34.15 bar? Again only started using fibs couple months ago.
  • #75,472
  • Sep 23, 2010 9:32pm Sep 23, 2010 9:32pm
Quoting Mr Smith
Personally based on that weeky, i'm waiting for this area on 1hr to clear, then retest w ith some kind of pa to get long up to 135 and hopefully beyond.
started to look at this one closer. Would have been a better set up if it looked like this on Tuesday. It still could go, but it has a lot of ground to cover by the end of tommorow. Haven't placed a trade since 9/8 was hoping for a good play. Can't wait till I feel confident enough (have a little more time) to play the 4hrs. Seems thats where the action is lately
  • #75,473
  • Sep 23, 2010 9:47pm Sep 23, 2010 9:47pm
I've been reading this thread and strats thread. I keep reading people talking about pasr, but I still haven't found a post that shows or explains what it is? Could someone pm me or post here what it is?

I'm not trying to be lazy, but I want to learn to see how you guys find your support and resistance so I can start practicing. I've been reading the forums for hours and can't find it anywhere THansk for your time!!!
joe
  • #75,474
  • Sep 23, 2010 10:05pm Sep 23, 2010 10:05pm
Quoting mbqb11
Hey C

I never trade inside bars on the 4hr so I can't comment to much but be careful that bar wasn't an inside bar. It had a lower low then the previous bar. You did get your reaction higher and nailed your target at 4100(generally I put my take profit about 10 pips under the round number). The one thing I am confused about is placing your stop loss so far down. I feel this really hurts ones position size on a bar setup like an inside bar where you are looking for a breakout type move as you got. Again if it works for you keep doing it!

Best
Mike...
Thank you Mike for your input. I am not sure whether I was lucky with that trade or it just worked out right.

Yeah, I got your point of 4100. In fact, the price toched 4090-92 and retraced back and stopped me out at BE.
SL - I know, I should have put little above.. also the spread of FXDD (8 pips) made me also worried.

I think I was committed to the trade when the price broke 1.4000 and was just curve fitting things to support the trade.
  • #75,475
  • Sep 23, 2010 10:11pm Sep 23, 2010 10:11pm
Quoting bboyomega83
A few more good things about this BEOB is that its bouncing of 1.4100, and the close is strong and below the consolidation immediately to the left of it, and the relative size of the whole bar compared to the others and its also engulfing the previous 5 bars. What do you guys think?
I guess the close is not strong. Wic left out. had the bar closed under 1.4000, would have been a great BEOB.. The good thing is BEOB is with the trend. The BEOB is still not broken on FXDD.
  • #75,476
  • Sep 23, 2010 10:20pm Sep 23, 2010 10:20pm
Anyone else unable to log in to the PF?

After I push the Log in button all I get is this.
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  • #75,477
  • Sep 23, 2010 10:21pm Sep 23, 2010 10:21pm
Quoting Pinbar
Anyone else unable to log in to the PF?

After I push the Log in button all I get is this.
Hey Pin

I just sent you a few PMs, it looks like it is your ISP found a thread with a few people who had dynamic IPs

Check and see if what I sent helps
Mike
  • #75,478
  • Sep 23, 2010 10:24pm Sep 23, 2010 10:24pm
Quoting mbqb11
Hey Pin

I just sent you a few PMs, it looks like it is your ISP found a thread with a few people who had dynamic IPs

Check and see if what I sent helps
Mike

I just cleared all cookies and it still occurs.
  • #75,479
  • Sep 23, 2010 10:25pm Sep 23, 2010 10:25pm
Quoting Pinbar
I just cleared all cookies and it still occurs.
I sent you two others ignore that one

Mike

PS you can just PM me with further issues so we can keep this thread free
  • #75,480
  • Sep 23, 2010 10:30pm Sep 23, 2010 10:30pm
Quoting mbqb11
I sent you two others ignore that one

Mike

PS you can just PM me with further issues so we can keep this thread free

Seems to have sorted itself out.

Thanks Mike
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