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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

  • #77,281
  • Oct 12, 2010 8:49pm Oct 12, 2010 8:49pm
Quoting jarroo
It could happen . . . the premise is set up again. . .

Something to watch . .

I forgot to give the other side of the equation . . Support turning into Resistance . .
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Indicators show the past. Price Action "Indicates" the future.
  • #77,282
  • Edited 9:08pm Oct 12, 2010 8:57pm | Edited 9:08pm
Quoting xmzhang
Just can't get enough of those 1H-PB's. On the cable a nicely shaped PB of the daily PPZ/RNB @ 15900.
That's a BEOB not a PB, it just looks like a pinbar . . on the 1H.
Indicators show the past. Price Action "Indicates" the future.
  • #77,283
  • Oct 12, 2010 9:10pm Oct 12, 2010 9:10pm
Quoting Trader51
Hello traders, i am learning price action...
Yes there was traffic and resistances upwards...
Quoting spookie94
... looks like not much room to work on either chart....
your PPZs look good
Great reply by Sir spookie94.

eurusd:
-the pin was too small in the context of the current downmove (at that time)
-u disregarded the minor flip area (1.3880, purple line). it could've been your FTA or area to go to BE.
-alternatively, u could've avoided this trade.

gbpusd:
-it was a TBLHC BUT it was very small & barely broke upwards.
-price is in a lot of traffic
-price is just a few pips below your PPZ. remember James16 This is Critical. when u run towards a wall, what happens? does the wall break (or even budge) or is it u who 'bounces back'?......... yes, correct

hope that helps further
  • #77,284
  • Oct 12, 2010 9:13pm Oct 12, 2010 9:13pm
C-H-I-L-E!!!
Indicators show the past. Price Action "Indicates" the future.
  • #77,285
  • Oct 12, 2010 9:17pm Oct 12, 2010 9:17pm
Quoting Trader51
Hello traders, i am learning price action with james16 setups.please guide me. I got stopped out in gbp/usd ,eur/usd.
Yes there was traffic and resistances upwards .but please seniors explain me.was the pivot support zone CORRECT.

Thank you!!!

Welcome Trader51,

I don't know how much you have read from the 1 post and the links there, but continue reading.

Quoting spookie94
Not a senoir but looks like not much room to work on either chart. I would have said the purple dash just above your pin on the E/U would have showed some minor Resistance. On a 1H that might be all it needs. Your zone on the other chart looks valid. When in doubt try going up a TF to get a better look for S/R levels. What would have kept me out of both is the traffic.
Quoting supremeChaos
your PPZs look good
Great reply by Sir spookie94.

eurusd:
-the pin was too small in the context of the current downmove (at that time)
-u disregarded the minor flip area (1.3880, purple line). it could've been your FTA or area to go to BE.
-alternatively, u could've avoided this trade.

gbpusd:
-it was a TBLHC BUT it was very small & barely broke upwards.
-price is in a lot of traffic
-price is just a few pips below your PPZ. remember James16 This is Critical....



Good advice guys.
Indicators show the past. Price Action "Indicates" the future.
  • #77,286
  • Oct 12, 2010 9:20pm Oct 12, 2010 9:20pm
Quoting jarroo
C-H-I-L-E!!!
  • #77,287
  • Oct 12, 2010 9:22pm Oct 12, 2010 9:22pm
Quoting jarroo
C-H-I-L-E!!!
Yes.
  • #77,288
  • Oct 12, 2010 9:22pm Oct 12, 2010 9:22pm
Quoting ghous
WOW...just...wow!

How many of you caught this?

Price did penetrate the low of the IPB but remained within 3 pips beyond the BRN. A logical stop should see through the pull back.

Decent stuff.

g.

How nice was this g on the Weekly Eur/Chf. . .target hit almost to the pip . .
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Indicators show the past. Price Action "Indicates" the future.
  • #77,289
  • Oct 12, 2010 9:36pm Oct 12, 2010 9:36pm
Quoting KissFan
Couple of charts. I like the location. SL is 112.65. TP is 116.55.

K.I.S.S.

Nice one Rog . . . . .wow.
Indicators show the past. Price Action "Indicates" the future.
  • #77,290
  • Oct 12, 2010 10:02pm Oct 12, 2010 10:02pm
Quoting bluetrader
Sounds good to me.


Hey Taz, I would first relax; that was a good entry. The worst part is over, you can't lose in this trade. I won't repeat what Albatross said, but I'll give you a different perspective.

Something that has helped me personally with trade management is to have a plan of attack prior to entering the trade. It helps you avoid the situation you're feeling right now. You won't always get it right, but having a plan of attack will relieve the stress of saying "what-if" while you are in the trade. In many...

Great post Danny . . it should be said more often . .having a plan before you enter a trade.
Indicators show the past. Price Action "Indicates" the future.
  • #77,291
  • Oct 12, 2010 11:09pm Oct 12, 2010 11:09pm
Quoting uBERpIP
Here is a perfect example of probably getting lucky while 'analyzing' PA and confluence.

I've seen a few posts recently regarding going long on EUR/CAD.

I've been looking at EUR/CAD from maybe a longer time frame perspective.

While it's been in a fairly strong uptrend since bottoming out in June, I was seeing this as a retracement from it's December highs.

Reaching the 50% Fib level, bumping off the 365 EMA and having been rejected by the BRN of 143, I decided to look for a short.

I took the break of the 2 day pin bar off my...
I don't think you where lucky at all, uBer.

I think your thought process was dead on, right. The bearish PA, 2 Day PB, wasn't too bad . .had a bit of traffic and in a consolidation. But the location was very strong.

Strong, clear PPZ level; 1.4100 . .with confluences; Daily 365 ema, 50% Retracement level (50% is not a fib level) and divergence.

You managed the trade very well . .not sure if you had the 1.4000 as your target, but that was very clear as well. . .BRN and at the bottom of the consolidation. Maybe you wanted to trail it down with Daily Highs, which is fine, just but be aware of obvious targets.

I say well done sir. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #77,292
  • Oct 12, 2010 11:23pm Oct 12, 2010 11:23pm
Quoting spookie94
Liked the look of this BEOB. Broke thru 1.6000 BRN, looking to use this level as R. Dropped down to 1H for entry just below support level of 1.5950.
where would your TP be?
  • #77,293
  • Oct 12, 2010 11:31pm Oct 12, 2010 11:31pm
What do you guys think about this set up on EURNZD

looks like valid pin. bounce off MA and from 1.8300 support level.
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  • #77,294
  • Oct 12, 2010 11:42pm Oct 12, 2010 11:42pm
EURCAD pinbar bounce off support at 1.400 back into the uptrend.
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  • #77,295
  • Oct 13, 2010 12:22am Oct 13, 2010 12:22am
Here I am experimenting again with something Jarroo mentioned about "One day, you will learn to love consolidation".

I took the Monthly chart and boxed the main consolidation areas, then put a line above and below them. I also did this on the weekly, then removed all the boxes. Look what we get on the daily.
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  • #77,296
  • Oct 13, 2010 12:42am Oct 13, 2010 12:42am
Pinbar..nice.. will try it on my own..
  • #77,297
  • Oct 13, 2010 1:00am Oct 13, 2010 1:00am
good observation there Pinbar

you ll probably find those lines correspond with 00 and 50 rns
  • #77,298
  • Oct 13, 2010 1:34am Oct 13, 2010 1:34am
Jarroo asked a question about the weekly pin bar. Here might be an opportunity to check it out at low risk:

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Gone to a better place
  • #77,299
  • Oct 13, 2010 1:41am Oct 13, 2010 1:41am
Quoting Pinbar
Here I am experimenting again with something Jarroo mentioned about "One day, you will learn to love consolidation".

I took the Monthly chart and boxed the main consolidation areas, then put a line above and below them. I also did this on the weekly, then removed all the boxes. Look what we get on the daily.

hey Pin
you cld check Bemac's thread , i bliv he talks about consolidation in boxes
might spark some plugs
cheers
Simplicity is the key to success
  • #77,300
  • Oct 13, 2010 1:56am Oct 13, 2010 1:56am
Quoting squeezy
hey Pin
you cld check Bemac's thread , i bliv he talks about consolidation in boxes
might spark some plugs
cheers

Yeah, I took a good look at it, all that ICCE stuff was just too much for me.
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