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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

  • #77,121
  • Oct 11, 2010 7:18am Oct 11, 2010 7:18am
Quoting menomoo
Could you please tell me how to upload images thanks!

Best V
http://www.forexfactory.com/showpost...ostcount=12192

Here it is well explained if you need help ask again ;-)
  • #77,122
  • Oct 11, 2010 7:21am Oct 11, 2010 7:21am
Quoting antgal23
Hi folks

These pbs dont have great noses but are in interesting places

Off Monthly PPZ
VBRN
365 nearby
61 Fib
MACD

Any thoughts?

Anhtony
Hi antgal, i must really agree that this pin is at a good location and is with 61 fib and rejected off VBRN, however the close of the bar is somewhere in the middle which make it somewhat a neutral bar. IMHO
  • #77,123
  • Oct 11, 2010 7:27am Oct 11, 2010 7:27am
Hi guys,

I was doing some backtesting and saw one fine pinbar which failed, any explanation much appreciated. Nice long pin here and rejected off 81.00 ppz, the only reason I figure is we are trading into BRN 80.00. Should the bar close below 80.00, it will then be a very very fine pin. Am I right?
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  • #77,124
  • Oct 11, 2010 7:29am Oct 11, 2010 7:29am
Quoting LiuLangZe
Hi guys,

I was doing some backtesting and saw one fine pinbar which failed, any explanation much appreciated. Nice long pin here and rejected off 81.00 ppz, the only reason I figure is we are trading into BRN 80.00. Should the bar close below 80.00, it will then be a very very fine pin. Am I right?
Hey Liu

Firstly this is not a failed pin bar as technically it never broke. Remember a bar is never validated till it breaks the high/low. But yes I agree we want that close under that BRN. At least I do every single time

Best
Mike
  • #77,125
  • Oct 11, 2010 7:31am Oct 11, 2010 7:31am
Silver chart with channell! watch the price to pop out up or down for some excellent PA.
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  • #77,126
  • Oct 11, 2010 7:32am Oct 11, 2010 7:32am
Thanx John225!
  • #77,127
  • Oct 11, 2010 7:37am Oct 11, 2010 7:37am
@menomoo

silver generated a small PB on my chart (alpari) which broke upward right NOW. (RSI and MA also confirmed upward)

Im still demoing, so waiting if my expectiations (1362) will be fulfilled
Per aspera ad astra!
  • #77,128
  • Oct 11, 2010 7:42am Oct 11, 2010 7:42am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Anyone using DUkascopy (Swiss) broker?
Mind sharing some experience on this broker?
I have seen the enemy, and it is me.
  • #77,129
  • Oct 11, 2010 7:49am Oct 11, 2010 7:49am
Quoting laphoenix
@menomoo

silver generated a small PB on my chart (alpari) which broke upward right NOW. (RSI and MA also confirmed upward)

Im still demoing, so waiting if my expectiations (1362) will be fulfilled
Today being a US bank holiday, volume will be low.. Hence I believe all the PA's should be taken with a caution.
  • #77,130
  • Oct 11, 2010 7:49am Oct 11, 2010 7:49am
Quoting Jey
Anyone using DUkascopy (Swiss) broker?
Mind sharing some experience on this broker?
u'll get detailed comments if u check out Dukascopy-related threads on FF's Broker forum.
  • #77,131
  • Oct 11, 2010 8:29am Oct 11, 2010 8:29am
Anyone agree a H+S on the 4hrly chart?
  • #77,132
  • Oct 11, 2010 8:51am Oct 11, 2010 8:51am
Quoting Hitchhiker
Anyone agree a H+S on the 4hrly chart?
I don't think much of it because it lacks symmetry, but a good head and shoulders formation almost always draws a pin bar on a higher time frame. Have a look for it and tell me what you think?
Gone to a better place
  • #77,133
  • Oct 11, 2010 8:52am Oct 11, 2010 8:52am
Quoting mbqb11
Hey Liu

Firstly this is not a failed pin bar as technically it never broke. Remember a bar is never validated till it breaks the high/low. But yes I agree we want that close under that BRN. At least I do every single time

Best
Mike
Hey Mike! thats fast.. Another qn.. Does it matter how long it took to break the low/high of the pin or you will give it a miss if it do not break by say a week.. ?
  • #77,134
  • Oct 11, 2010 8:58am Oct 11, 2010 8:58am
Quoting LiuLangZe
Hey Mike! thats fast.. Another qn.. Does it matter how long it took to break the low/high of the pin or you will give it a miss if it do not break by say a week.. ?
I look for momentum of the next bar to break or I cancel my order about 99% of the time. Some people will wait till it either breaks or it invalidates. Some wait a few days.

Best
Mike
  • #77,135
  • Oct 11, 2010 8:59am Oct 11, 2010 8:59am
Quoting cprao
Today being a US bank holiday, volume will be low.. Hence I believe all the PA's should be taken with a caution.

thanks for that info. I´m looking forward to tomorrow while expecting a break of 1350 AND the small supporting trendline (triangle)
refer to chart XAU/USD:
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Per aspera ad astra!
  • #77,136
  • Oct 11, 2010 1:58pm Oct 11, 2010 1:58pm
a pair im interested in at the moment
we broke out of daily triangle, and then consolidated, do we continue to push up to 88 which is a monthly ppz or do we fall back
a break either way is welcomed, but im sure many wld prefer up
cheers guys
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Simplicity is the key to success
  • #77,137
  • Oct 11, 2010 2:17pm Oct 11, 2010 2:17pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
You probably all have something like this already, but I didn't, so I just wrote it. It alerts you (with a ping sound and a popup window) when the price on a chart reaches a specified price above or below the current price. I have ~ 30 charts open x 4 brokers. It's easy to miss a price move, so I want to get alerted as soon as price reaches some interesting price I specify.

Put it in the /experts/ directory, then drag it on the chart and enter a targetHigh and/or targetLow price. It alerts you if the Ask hits the targetHigh or if the Bid hits the targetLow. Feel free to modify it as you like.
Attached File(s)
File Type: mq4 alertME.mq4   1 KB | 466 downloads
  • #77,138
  • Oct 11, 2010 4:36pm Oct 11, 2010 4:36pm
Quoting xmzhang
Another nice PB with the trend (more like a indecision bar) off a daily PPZ/RNB/Fib @ 13100, entry on a much lower TF on the pullback of the PB. FTA @ 13055-ish, aiming for the 13000-ish.

Hey xmz . your charts are looking good . .you're coming along very nicely with James16's way of understanding Price Action. Well done sir .

Just to add to the G-J Hourly, its good to zoom out a bit to get a better look at the story unfolding.

To bad the BEOB on the Hourly, (it was a small PB on your feed), happened late on Friday.

The indecision bar off Resistance . . not too bad . . but clearer bearish PA sure makes it easier. . . . .nice trade.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #77,139
  • Edited 4:57pm Oct 11, 2010 4:45pm | Edited 4:57pm
Morning folks.

Anyone notice a severe lack of data on some IBFX charts.


This is CAD/JPY Daily on IBFX, the left of the screen is the start of the data from 2009.

Makes it really hard to find the flip levels.

Black chart is FXDD with at least 3 more years of data than IBFX, still a bit thin.
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  • #77,140
  • Oct 11, 2010 4:47pm Oct 11, 2010 4:47pm
Quoting Almfx
Hey jarroo! Yeah I was out of Bangkok on work, so was not trading for a long time.

probably 80.00 BRN could be the bottom, but this pb looks good for some quick pips, deosn't it ??

and the double pb on GJ..

Welcome back Alm.

". . one night in Bangkok and the world's your oyster . . "

Holiday is over . .let's see what happens today . .
Indicators show the past. Price Action "Indicates" the future.
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