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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

  • #75,581
  • Sep 25, 2010 8:20pm Sep 25, 2010 8:20pm
Quoting Slurpee
Hi guys,

what do you think of this PB? Target @84ish... RR 1:1 though...



Thanks!

We discussed this a few pages back.

I think it is dodgy, and probably a fake PB due to Friday profit taking.

It is above the RN and the PPZ and closed above the 365 EMA.

The 4 hour TL has just had the 3rd touch.
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  • #75,582
  • Sep 25, 2010 11:19pm Sep 25, 2010 11:19pm
Quoting kcardinalis
Hi Everyone;

I'm sorry for posting such a generic query, but running searches I haven't found a direct reference to it, and it's been giving me some real grief for a month now.

I've been backtesting 2010 data for the first time the past couple months after a long break....
Hey Kyla and welcome to the group,

were you trading the conventional j16 bars just like we trade em'? Could you point us towards some setups that took you out with a spike/whipsaw?

g.
I believe . . .
  • #75,583
  • Sep 25, 2010 11:34pm Sep 25, 2010 11:34pm
Quoting fap103
Can someone post a chart with a really clear pin bar (no candle sticks please) with the eyes circled and a clear explanation of the entry to include which bar you would enter on. Please include where you would put your stop and TP. The chart could be an actual trade that soemeone took which would be more helpful.

Thanks.
Hey there and welcome aboard,

Here you go, this chart should do it.

let us know if you have more questions.

g.
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I believe . . .
  • #75,584
  • Sep 25, 2010 11:40pm Sep 25, 2010 11:40pm
Quoting 666Doom
Hi guys,
As i said i am new here,but here is my chart of Eur/Jpy.
Now the 113.00 level was good resistance,and may still be resistance now also.
Maybe we just see a rejection formation above 113 level and a pinbar formation on daily chart.
But i think that we may see consolidation between 113 and 114 and see a BUOB formation closing above 114 and then i will go long till 116.
As Eur/Jpy i believe is a potential long psychologically so we may see move above there only.

http://img823.imageshack.us/img823/6237/eurjpychart.gif


Four long...
hey 666,

A general bias is good, but don't let it overshadow any obvious bearish PA, that's one thing you have to be weary off. You gotta trade what the market gives and leave it to the tools this thread equips you with to judge the validity of the PA setup.



g.
I believe . . .
  • #75,585
  • Sep 26, 2010 3:54am Sep 26, 2010 3:54am
Quoting ghous
hey 666,

A general bias is good, but don't let it overshadow any obvious bearish PA, that's one thing you have to be weary off. You gotta trade what the market gives and leave it to the tools this thread equips you with to judge the validity of the PA setup.



g.
Thank you very much Sir,for a great response.
Now,pardon me, did you mean my chart was wrong, or i was taking unnecessary bias to long positions in eur/jpy.
Sir i would never do that because i will only enter on what market says because market reigns supreme.
Sir Be my guide and let me know how i could improve on TA.
Your IPB setups have been my interest,would be reading more about them.
Regards
Taz
  • #75,586
  • Sep 26, 2010 4:07am Sep 26, 2010 4:07am
GBPCHF daily!
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  • #75,587
  • Sep 26, 2010 4:28am Sep 26, 2010 4:28am
CHFJPY daily
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  • #75,588
  • Sep 26, 2010 5:36am Sep 26, 2010 5:36am
I'm enjoying this thread more and more everyday.

Welcome back James !

Great post Ghous !! and everyone else ofcourse
  • #75,589
  • Sep 26, 2010 5:41am Sep 26, 2010 5:41am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Does any kind souls know what is going on with this pair? EURDKK??

It looks like this pair has been spotting some Pinbars on Steroids!!!!
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I have seen the enemy, and it is me.
  • #75,590
  • Sep 26, 2010 6:19am Sep 26, 2010 6:19am
Quoting Jey
Does any kind souls know what is going on with this pair? EURDKK??

It looks like this pair has been spotting some Pinbars on Steroids!!!!
Looks nice :-)

I think that there were some problems with the feed of your broker
  • #75,591
  • Sep 26, 2010 6:20am Sep 26, 2010 6:20am
Quoting ghous
Hey there and welcome aboard,

Here you go, this chart should do it.

let us know if you have more questions.

g.
Nice post ghous i think this post should be on the first page in summary links :-)
  • #75,592
  • Sep 26, 2010 6:37am Sep 26, 2010 6:37am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting john225
Looks nice :-)

I think that there were some problems with the feed of your broker
I'm using ibfx. Does anyone else have the same problem with this pair?
I have seen the enemy, and it is me.
  • #75,593
  • Sep 26, 2010 8:02am Sep 26, 2010 8:02am
Quoting Slurpee
Hi guys,

what do you think of this PB? Target @84ish... RR 1:1 though...



Thanks!
For a quick profit at the FTA @ 8500-ish this countertrend PB looks good to me. A ideal scenario for me would be a pullback to the previous bar high which is near the RNB @ 8600-ish (also a strong weekly PPZ), then look at the lower TF for a PA-confirmation that the RNB 8600 is still acting as resistance.

May the force be with you.
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Pipcrawler
  • #75,594
  • Sep 26, 2010 8:23am Sep 26, 2010 8:23am
Quoting Jey
I'm using ibfx. Does anyone else have the same problem with this pair?

I'm at work right now and can't check my charts (forgot my thumbdrive at home ), but yeah, I've had this issue with IBFX price feeds in the past. Looks like bad tick data at some point during those days.

Drove me crazy back when I used a ton of indicators. It would make the numbers all wonky and the indi's unusable.
  • #75,595
  • Sep 26, 2010 8:47am Sep 26, 2010 8:47am
Quoting xmzhang
For a quick profit at the FTA @ 8500-ish this countertrend PB looks good to me. A ideal scenario for me would be a pullback to the previous bar high which is near the RNB @ 8600-ish (also a strong weekly PPZ), then look at the lower TF for a PA-confirmation that the RNB 8600 is still acting as resistance.

May the force be with you.
IMHO ---the things I don't like about this PB is that it occurred on Friday and possibly profit taking/squaring off the books....I don't like the strength of the previous bull bars...... and how it is sitting on the weekly support .....and from what i see in the middle of a PPZ/major flip area

But this is just me...I have been wrong b4...watch it drop like a rock-LOL

On the weekly could this be a retrace long play off the previous bar???
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  • #75,596
  • Sep 26, 2010 10:58am Sep 26, 2010 10:58am
Quoting Jey
Does any kind souls know what is going on with this pair? EURDKK??

It looks like this pair has been spotting some Pinbars on Steroids!!!!

Hi Jey

I had this happen on IBFX in the past it was only on one pair was happy I wasn't in a trade at the time would have scared the hell out of me.
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  • #75,597
  • Sep 26, 2010 12:14pm Sep 26, 2010 12:14pm
HA ( Hawaiian Holdings, Inc) daily
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  • #75,598
  • Sep 26, 2010 12:35pm Sep 26, 2010 12:35pm
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Hi,
This is my first chart post,
any thoughts on this Pin Bar?
Thank you in advance!
Anything can happen - You never know
  • #75,599
  • Sep 26, 2010 12:44pm Sep 26, 2010 12:44pm
LCRD (LaserCard Corporation) daily !
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  • #75,600
  • Sep 26, 2010 4:18pm Sep 26, 2010 4:18pm
Quoting kwikwis
Attachment
Hi,
This is my first chart post,
any thoughts on this Pin Bar?
Thank you in advance!
Hey Kwik,

In my opinion it's OK but one I would avoid. It's a small bar without much confluence with trouble immediately overhead. It looks like the kind of bar that gets a lot of newer traders into trouble.

Doesn't look like it's going to break in any case.

A quick tip - if you want to look at intraday, plot the BRNs on your chart - every 500 pips.
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