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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

  • #78,441
  • Oct 26, 2010 2:08am Oct 26, 2010 2:08am
Quoting jarroo




[b]


Great posts nasir. I appreciate your time it took for you to put this together. . . .I know it was alot.

Very good infrormation here.

Thanks again . .


Jim
Thanks Jarroo.
.
  • #78,442
  • Oct 26, 2010 2:13am Oct 26, 2010 2:13am
Can somebody tell me if this is a viable setup on EURCAD?
Fib confluence, PPZ, BRN 1.4300. I4B / Triple Bar High.
If price broke the mother candle's low would that be a good setup?
Any takers?
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  • #78,443
  • Oct 26, 2010 2:27am Oct 26, 2010 2:27am
Quoting nasir.khan
Thanks Jarroo.
.
Quoting nasir.khan
I do that sometimes.

lol......j/k

P.s happy birthday PB.
.


Interesting to see if that low of that little PB on the Cad will be taken out.

Here's a Higher time frame perspective, nasir.

The blue is your PB.
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Indicators show the past. Price Action "Indicates" the future.
  • #78,444
  • Oct 26, 2010 2:34am Oct 26, 2010 2:34am
Quoting jarroo
Interesting to see if that low of that little PB on the Cad will be taken out.

Here's a Higher time frame perspective, nasir.

The blue is your PB.

Jarroo, this is also my thinking on EG.

Is this the same scenario?
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  • #78,445
  • Oct 26, 2010 2:36am Oct 26, 2010 2:36am
Quoting Be Cool
Can somebody tell me if this is a viable setup on EURCAD?
Fib confluence, PPZ, BRN 1.4300. I4B / Triple Bar High.
If price broke the mother candle's low would that be a good setup?
Any takers?
I also thought about demoing this one. I think it's not an A trade: not the biggest bar (but engulfing three), no BRN and it is trading into the 365EMA on the daily and some PPZ. But the Fib confluence and the fact that it closed under the last high gives it some reputation. I'm not sure if it is a bad sign though that it has not made it to the monthly/weekly TL yet. With a real account I probably would not take it.

EDIT: 4h shows some resistance.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #78,446
  • Oct 26, 2010 2:39am Oct 26, 2010 2:39am
Quoting Pinbar
Jarroo, this is also my thinking on EG.

Is this the same scenario?

Absoluely Pb . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #78,447
  • Oct 26, 2010 2:44am Oct 26, 2010 2:44am
FOR ADI.
come on cough it up. LOL




Quoting jarroo
Its a very good post Hans . . . I like this part and use it as well . .

"a clear, well respected FTA (PPZ) can turn into support/resistance and keep price from falling/rising back again and stop you out. So if you think you're on a big trending move depending on your personal style it may be a good option to put your SL under/above the FTA and/or take partial profit and so on. "


Jim
  • #78,448
  • Oct 26, 2010 2:47am Oct 26, 2010 2:47am
Quoting jarroo
Absoluely Pb . . .

Thanks Jarroo.....The important point you taught me is priceless.
  • #78,449
  • Oct 26, 2010 2:50am Oct 26, 2010 2:50am
Quoting HanSolo
I also thought about demoing this one. I think it's not an A trade: not the biggest bar (but engulfing three), no BRN and it is trading into the 365EMA on the daily and some PPZ. But the Fib confluence and the fact that it closed under the last high gives it some reputation. I'm not sure if it is a bad sign though that it has not made it to the monthly/weekly TL yet. With a real account I probably would not take it.

EDIT: 4h shows some resistance.

What's it showing you on the daily?
Indicators show the past. Price Action "Indicates" the future.
  • #78,450
  • Oct 26, 2010 2:50am Oct 26, 2010 2:50am
Quoting Pinbar
FOR ADI.
come on cough it up. LOL
??
Indicators show the past. Price Action "Indicates" the future.
  • #78,451
  • Oct 26, 2010 2:51am Oct 26, 2010 2:51am
Quoting Pinbar
Thanks Jarroo.....The important point you taught me is priceless.

Sure thing buddy . .
Indicators show the past. Price Action "Indicates" the future.
  • #78,452
  • Oct 26, 2010 2:54am Oct 26, 2010 2:54am
Quoting jarroo
Sure thing buddy . .


It was a point Adi asked me in a PM.

I thought that post will serve very well to answer his question.
But, I will let him tell the story.
  • #78,453
  • Oct 26, 2010 2:54am Oct 26, 2010 2:54am
Quoting Pinbar
It was a point Adi asked me in a PM.

I thought that post will serve very well to answer his question.
But, I will let him tell the story.
Oh . .Ok . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #78,454
  • Oct 26, 2010 3:02am Oct 26, 2010 3:02am
Quoting jarroo
What's it showing you on the daily?
. . .and the weekly?
Indicators show the past. Price Action "Indicates" the future.
  • #78,455
  • Oct 26, 2010 3:10am Oct 26, 2010 3:10am
Quoting jarroo
. . .and the weekly?


Me?


This
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  • #78,456
  • Oct 26, 2010 3:14am Oct 26, 2010 3:14am
Quoting Pinbar
It was a point Adi asked me in a PM.

I thought that post will serve very well to answer his question.
But, I will let him tell the story.
I'm here, I was busy writing you the second PM so didn't notice, lol.
Yes as you saw I just need to choose a style that fits me, I guess.

I do think I want to stick to taking a full profit, but where and how, that is what I think of... these are three things to consider:

1) move to BE and trail (may provide for runners)
2) move to BE and have mental targets like FTA, then next S/R (may give good gains sometimes)
3) move to BE and exit at 1:1 (all or nothing like this guy does)

I bother with this only because my wins are much smaller than my losses. I know it's ok if I have some very high win rate, but I afraid having my experience I would not be able to achieve it soon.... so maybe I should add some probabilities to it... I know many times it was written here that R:R is for coin flips etc. etc.... so I take all this aspects into consideration and think, think, think...


EDIT: oh sorry going to read that post right now, thanks!
  • #78,457
  • Oct 26, 2010 3:20am Oct 26, 2010 3:20am
Quoting Adilius07
I'm here, I was busy writing you the second PM so didn't notice, lol.
Yes as you saw I just need to choose a style that fits me, I guess.

I do think I want to stick to taking a full profit, but where and how, that is what I think of... these are three things to consider:

1) move to BE and trail (may provide for runners)
2) move to BE and have mental targets like FTA, then next S/R (may give good gains sometimes)
3) move to BE and exit at 1:1 (all or nothing like this guy does)

I bother with this only because my wins are much smaller than my...


As I said in PM, I see Mike scaling out of trades, at least I am sure I have seen Mike mention that. Have you tried Mike's 2 bar stop? If not it may suit you.
  • #78,458
  • Oct 26, 2010 3:20am Oct 26, 2010 3:20am
Thank you Pinbar, great stuff.

One question : for text directly on the chart, what do you use ? Itīs so clean and tidy. I have Jing but that has clumsy boxes.

Grateful for any recommendation.

Good trading to all.


_____________
michael
Be like water.
  • #78,459
  • Oct 26, 2010 3:20am Oct 26, 2010 3:20am
Quoting Pinbar
Me?


This
I was asking Hans on the Eud/Cad.

On the Eur/Gbp . . nice chart Pb, but do you see a bullish PA opportunity to form at these possible support levels once price broke through?

I do.

gotta go

see ya later.


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #78,460
  • Edited 3:33am Oct 26, 2010 3:22am | Edited 3:33am
Quoting jarroo
I was asking Hans on the Eud/Cad.

On the Eur/Gbp . . nice chart Pb, but do you see a bullish PA opportunity to form at these possible support levels once price broke through?

I do.

gotta go

see ya later.


Jim

Oh.......I see.

Yeah, I have to run in few also.


Yes, I am thinking this is going up if we see some bullish PA.

I don't think it will break through.

Famous last words.
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