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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

  • #78,881
  • Oct 30, 2010 5:38pm Oct 30, 2010 5:38pm
Quoting HanSolo
Yes, it is. This week has been amazing for me. After more than two years watching charts and still lacking some basic understanding things finally fall into place. I found it a very useful exercise we did last sunday, PB. Maybe we can make this a habit. Thanks for your help and inspiration!

BTW: Tonight I'll gonna party and you stay at home, PB. Did you hear me?



You're welcome.

Same thing for me HS, you helped me out immensely and Jarroo was the catalyst.

Funny, Jarroo has shown us that concept over and over again, but suddenly it just clicks into place.

Next thing to work on is probably "Where is price going".

Hope you don't feel like I did yesterday or we can change your name from Han Solo, to Hang Over! LoL
  • #78,882
  • Edited 6:50pm Oct 30, 2010 6:05pm | Edited 6:50pm
Looking at the AUD/NZD BEOB.

I saw James16 in a video plot a Bullish fibo against a Bearish bar like this to work out a rough Target area.

Is this a common practice that can help give us a rough target area?


Don't forget that Daylight Saving Has been instigated and the clocks have changed in some areas.

I was just wondering why the market isn't open yet at 8 am JST.
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  • #78,883
  • Oct 30, 2010 8:05pm Oct 30, 2010 8:05pm
Now, I know why the markets are not open yet.

It is still Sunday......LoL

Well, at least this gave me extra time to study.
  • #78,884
  • Edited 9:51pm Oct 30, 2010 9:30pm | Edited 9:51pm
Ok, this is to start the ball rolling on this Sunday morning with a "Where is this bar going" question.

By, where is it going, we mean where is the next bar likely to go.

There is a great prize for the winner of this quiz!

That prize being, becoming proficient at working out your likely FTA targets of any given bar. Nothing to be sniffed at as this means, you are much less likely to get your SL hit before you get a chance to go BE & take partial or full profit.

Ok, I will not mention which pair or when this setup occurred, I will mention the TF.


Maybe someone can also post a similar chart so that I can play also.

Let's keep the time frames limited to nothing less than H4

Here we go.
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  • #78,885
  • Oct 30, 2010 10:07pm Oct 30, 2010 10:07pm
Quoting Pinbar
Ok, this is to start the ball rolling on this Sunday morning with a "Where is this bar going" question.

By, where is it going, we mean where is the next bar likely to go.

There is a great prize for the winner of this quiz!

That prize being, becoming proficient at working out your likely FTA targets of any given bar. Nothing to be sniffed at as this means, you are much less likely to get your SL hit before you get a chance to go BE & take partial or full profit.

Ok, I will not mention which pair or when this...
Good stuff.

I don't think I am allowed to play? lol

(You got more data or you'll make us wait a week for the answer? )

g.
I believe . . .
  • #78,886
  • Oct 30, 2010 10:10pm Oct 30, 2010 10:10pm
Quoting ghous
Good stuff.

I don't think I am allowed to play? lol

(You got more data or you'll make us wait a week for the answer? )

g.



Hey Ghous, well maybe you shouldn't answer this one, but hey, you can give me a quiz.


EDIT: No, ok Ghous, you answer this one and then post another one.
This will show new people a good example of how to go about thinking about it.

I have already charted up my opinion as to why it went where it did.

I will post my thoughts on it as soon as you answer it.

Go for it Ghous.
  • #78,887
  • Oct 30, 2010 10:13pm Oct 30, 2010 10:13pm
Quoting Pinbar
Hey Ghous, well maybe you shouldn't answer this one, but hey, you can give me a quiz.
Where's this heading? (daily chart)

g.
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I believe . . .
  • #78,888
  • Oct 30, 2010 10:19pm Oct 30, 2010 10:19pm
Quoting Pinbar
Hey Ghous, well maybe you shouldn't answer this one, but hey, you can give me a quiz.


EDIT: No, ok Ghous, you answer this one and then post another one.
This will show new people a good example of how to go about thinking about it.

I have already charted up my opinion as to why it went where it did.

I will post my thoughts on it as soon as you answer it.

Go for it Ghous.
This would be my take. the darker areas are the ones I would give more weight. If the BUOB pulls back (we don't have the strongest of closes on the bar) the bar lows marked under the BUOB close will very much come into play.

A break should help see us the more obvious bar lows marked by the other darker region with some possible resistance near that bar high marked by the lighter zone.



g.
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I believe . . .
  • #78,889
  • Oct 30, 2010 10:24pm Oct 30, 2010 10:24pm
Quoting ghous
Where's this heading? (daily chart)

g.


Ok, I will now get this completely wrong and show people not to be afraid of being wrong. That is a great way to not have any responsibility. LoL

Here you go.

EDIT: Haven't see your reply yet but, I revised the target with the red line.

I mean, if it breaks the FTA that is will possibly stop at.
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  • #78,890
  • Oct 30, 2010 10:25pm Oct 30, 2010 10:25pm
Quoting ghous
This would be my take. the darker areas are the ones I would give more weight. If the BUOB pulls back (we don't have the strongest of closes on the bar) the bar lows marked under the BUOB close will very much come into play.

A break should help see us the more obvious bar lows marked by the other darker region with some possible resistance near that bar high marked by the lighter zone.



g.

Right on the head there Ghous.
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  • #78,891
  • Oct 30, 2010 10:30pm Oct 30, 2010 10:30pm
Quoting Pinbar
Ok, I will now get this completely wrong and show people not to be afraid of being wrong. That is a great way to not have any responsibility. LoL

Here you go.
WRONG!

You're wrong when you say "Ok, I will now get this completely wrong"

You hit the nail on the head man!

Remember the good setups will usually always make it to their FTA.



EDIT: This was IBFX Euro/Usd 30 Oct 2008

g.
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  • #78,892
  • Oct 30, 2010 10:32pm Oct 30, 2010 10:32pm
Quoting ghous
WRONG!

You're wrong when you say "Ok, I will now get this completely wrong"

You hit the nail on the head man!

Remember the good setups will usually always make it to their FTA.



g.


Hmmm, I think I would rather had been wrong, I am used to that.
LOL

Ok my turn....Hang on a sec.
  • #78,893
  • Oct 30, 2010 10:37pm Oct 30, 2010 10:37pm
Hmmm, I think Ghous needs a more tricky one.


Let's try this..

Daily and I put the low in.

SOrry the Low is a mistake it is actually 1.62600
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  • #78,894
  • Oct 30, 2010 10:45pm Oct 30, 2010 10:45pm
Quoting Pinbar
Hmmm, I think Ghous needs a more tricky one.


Let's try this..

Daily and I put the low in.

SOrry the Low is a mistake it is actually 1.62600
Looks like we have some spatial concerns to deal with.

I see a short term 3rd touch of an RTL (deadly!) in confluence with an S/R flip.

If at all I would take that trade it would be a quick one right into that pink area.



g.
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I believe . . .
  • #78,895
  • Oct 30, 2010 10:47pm Oct 30, 2010 10:47pm
Quoting ghous
Looks like we have some spatial concerns to deal with.

I see a short term 3rd touch of an RTL (deadly!) in confluence with an S/R flip.

If at all I would take that trade it would be a quick one right into that pink area.



g.

Would you like to see more data? More zoomed out?



Here you go.
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  • #78,896
  • Oct 30, 2010 10:50pm Oct 30, 2010 10:50pm
Quoting Pinbar
Would you like to see more data? More zoomed out?
Nah!

Let's just keep it simple and based on a bar to bar analysis for FTAs and "where price is going".
I believe . . .
  • #78,897
  • Oct 30, 2010 10:50pm Oct 30, 2010 10:50pm
Quoting Pinbar
Hmmm, I think Ghous needs a more tricky one.

...
You guys mind if I play? Here's my chart... multiple choice from me

Huge BEOB engulfing 4 bars after a nice uptrend. Where is she likely to go?
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  • #78,898
  • Oct 30, 2010 10:53pm Oct 30, 2010 10:53pm
Quoting bluetrader
You guys mind if I play? Here's my chart... multiple choice from me

Huge BEOB engulfing 4 bars after a nice uptrend. Where is she likely to go?
Nothing from me now.

You guys gotta come up with the answer Albinas, Sheph, Goldenfishie...the invisibles common, let's keep the "what if we get it wrong" worries aside and let's learn.

This is a exercise.

g.
I believe . . .
  • #78,899
  • Oct 30, 2010 10:55pm Oct 30, 2010 10:55pm
Ok ,,,,here it is.


I think you were very logical with that area Ghous.
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  • #78,900
  • Oct 30, 2010 10:58pm Oct 30, 2010 10:58pm
Quoting Pinbar
Ok ,,,,here it is.


I think you were very logical with that area Ghous.
I see.

g.
I believe . . .
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