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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

  • #80,721
  • Nov 24, 2010 12:10am Nov 24, 2010 12:10am
Quoting geniusztc
hello, Pinbar. it seems different platform have different chart. i am sorry to see that we have different charts. and here is mine. hope it can give you a few help.


Thanks G.
  • #80,722
  • Nov 24, 2010 12:11am Nov 24, 2010 12:11am
Quoting mookie9920
Pinbar I've had the same thing happen to me the last few trades also.

Is that also IBFX demo feed?

I downloaded all the NZD/CHF data again and it is worse now.


Maybe another broker's demo feed is better.
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  • #80,723
  • Nov 24, 2010 12:27am Nov 24, 2010 12:27am
Quoting james16
About four weeks since i last sent out a message and a strange sensation to say the least.

5 years is a long time and the last 5 have been spent pretty much without totally walking away from the group or FF for more than a weekend or so.,

Turning 50 has been a bit "tough" on me and my wife says its manapause which my 12 year old son gets a big kick out of.
"Hormones messed up dad?" has been heard more than once.

"Actually i think any 50 year old guy with a 4 and 12 year old might have a few "interesting" thought process during that...

We love you right back, brother. or should I say Big brother. lol

You and yours have a great Thanksgiving.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #80,724
  • Nov 24, 2010 12:46am Nov 24, 2010 12:46am
Quoting Pinbar
I can see what you mean, when I really look at it.

A great trade Jarroo, and it shows the vast experience you have.

Newbies like me just see the RH&S and not the S&R that you see.

One day, hopefully.

I don't know about my "vast" experiences that I have lol . .but I have seen this play out many many times.



Let's follow along on the Aud/Usd . .for example . .and see what happens.

Start on this post and the one that preceeded it . .

Quoting jarroo
Just to follow up on this example . . .

Price move up to our previous Support level that broke through on the Daily. So now we look for clear strong bearish PA at this potential Resistance level.

The hourly showed no strong looking PA . .something like that big pinbar looking BEOB (in green) would have been nice at this level.

There was an IB/BEOB that offered up some 20 or so pips but nothing to write to Mike about. . .an easy pass.

Here we are now. (Charts) Weekly chart could be showing us that some downward movement may be coming our way.

Its a short Holiday week . .so what . .lets see what happens.
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Indicators show the past. Price Action "Indicates" the future.
  • #80,725
  • Nov 24, 2010 1:36am Nov 24, 2010 1:36am
Price broke through support, retested it and formed a PPZ. The red bar is an Inside Bar which also looks like a bearish Pin Bar.

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  • #80,726
  • Nov 24, 2010 2:23am Nov 24, 2010 2:23am
Potential breakout. Waiting for PA on the retracement.
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  • #80,727
  • Nov 24, 2010 2:34am Nov 24, 2010 2:34am
How do you know when a pin bar is actually a pin bar on a 4-hour chart?
Thanks!
  • #80,728
  • Nov 24, 2010 2:41am Nov 24, 2010 2:41am
Quoting jarroo
Just to follow up on this example . . .

Price move up to our previous Support level that broke through on the Daily. So now we look for clear strong bearish PA at this potential Resistance level.

The hourly showed no strong looking PA . .something like that big pinbar looking BEOB (in green) would have been nice at this level.

There was an IB/BEOB that offered up some 20 or so pips but nothing to write to Mike about. . .an easy pass.

Jarroo, just reading the previous post but I am a little confused by the Bearish PA, you mention. Did you not mean, we should look for Bullish PA at this resistance level?



EDIT: Maybe you meant bearish PA, before that last daily candle reached the resistance area?

Yeah, maybe you posted the chart later or something after that last candle broke through.
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  • #80,729
  • Nov 24, 2010 2:46am Nov 24, 2010 2:46am
Quoting rd122481
How do you know when a pin bar is actually a pin bar on a 4-hour chart?
Thanks!


Not sure what you mean?

Are you talking about a how to tell where a daily or weekly PB is on the chart while you are looking at the H4 time frame?



EDIT: I cover them with the rectangle tool and then move down to the H4.

Like this.
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  • #80,730
  • Nov 24, 2010 3:03am Nov 24, 2010 3:03am
Quoting mbqb11
Hey Oldice my answers below in bold



[b]Welcome to the thread Dave....

just a few questions

as I'm trying to learn price action with very bad results

two thinks: PA is too much difficult to learn for my poor brain, so I'm trying to understand what's wrong with me

I see my account grow for a period, and fall down in the next one
so, there's no consistent growth, not as need as to live with

well, I'd try to make the last tentative, after that I will stop for ever

I'd really appreciate if anyone can help me please

I'm going crazy for that

For many years my only great desire is living for trading

the failure of that is making me crazy

About the setup (pin, buob, beob, etc) what are the TP?

And what about the R/R?

Many thanks

The best
Don't give up
  • #80,731
  • Nov 24, 2010 3:12am Nov 24, 2010 3:12am
Thanks Pinbar!!
What I mean is that when looking @ a 4-hour chart, I notice that some pretty big moves seem to begin on a 4-hour chart & I would like to learn which pin bars are good to take a trade on.

For instance, if you look @ my earlier post yesterday morn @ around 3 a.m., I thought that the Gbp/Chf was giving a double pin bar on a 4-hour chart, but apparently not. How could I have know this?

Thanks again!
  • #80,732
  • Nov 24, 2010 3:24am Nov 24, 2010 3:24am
Quoting rd122481
Thanks Pinbar!!
What I mean is that when looking @ a 4-hour chart, I notice that some pretty big moves seem to begin on a 4-hour chart & I would like to learn which pin bars are good to take a trade on.

For instance, if you look @ my earlier post yesterday morn @ around 3 a.m., I thought that the Gbp/Chf was giving a double pin bar on a 4-hour chart, but apparently not. How could I have know this?

Thanks again!

Perhaps, you may want to look at the location & bar size a little more in depth with PPZ and other confluence factors. I mean, location is everything, that is why we learn to draw PPZ, then we also add other confluence factors, EMAs, TLs, Fibo, RN etc.

Here is a couple I quickly noted, note where they are.


Hope this helps.

EDIT: If you show me a chart with the bar that had a good move, I will try my best to look at it with you.
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  • #80,733
  • Nov 24, 2010 3:35am Nov 24, 2010 3:35am
4 demo percents have been lost today...

6. eur/aud -$854.60
8. eur/gpb -$865.29

http://yarchat.chatzme.com/img/muj.gif
  • #80,734
  • Nov 24, 2010 3:37am Nov 24, 2010 3:37am
Quoting Adilius07
4 demo percents have been lost today...

6. eur/aud -$854.60
8. eur/gpb -$865.29

http://yarchat.chatzme.com/img/muj.gif

What on Adi? I mean what setup.


Wow, that is a lot of percentage to lose even on demo.
  • #80,735
  • Nov 24, 2010 3:39am Nov 24, 2010 3:39am
Quoting Pinbar
What on Adi? I mean what setup.


Wow, that is a lot of percentage to lose even on demo.
Hey Pinbar, yes I did not get a chance to move to BE
The setups are those IB and PB both weeklies. If you click these links you'll see both trades.
6. eur/aud -$854.60
8. eur/gpb -$865.29
  • #80,736
  • Nov 24, 2010 4:15am Nov 24, 2010 4:15am
Quoting Adilius07
Hey Pinbar, yes I did not get a chance to move to BE
The setups are those IB and PB both weeklies. If you click these links you'll see both trades.
6. eur/aud -$854.60
8. eur/gpb -$865.29
Sorry to hear about the loss Adi, then again, that is why we demo for now.

Wow, that IB was naughty, went up for 16 pips then down like the wind.
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  • #80,737
  • Nov 24, 2010 4:17am Nov 24, 2010 4:17am
Quoting Pinbar
Sorry to hear about the loss Adi, then again, that is why we demo for now.

Wow, that IB was naughty, went up for 16 pips then down like the wind.
Yes, glad this is demo. And of course I can blame N. Korea for my unexpected loss
  • #80,738
  • Nov 24, 2010 4:47am Nov 24, 2010 4:47am
I will be interested to see how the EUR/CAD daily bar closes.
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  • #80,739
  • Edited 5:21am Nov 24, 2010 5:10am | Edited 5:21am
Beautiful confluence PB. If it doesn't break to too much lower, it would be a great place to put a smallish SL behind the TL, 61 fib and PPZ. Hopefully we can find some bullish PA on the H1 or H4.
  • #80,740
  • Edited 5:24am Nov 24, 2010 5:13am | Edited 5:24am
Quoting Pinbar
NZD/CHF H4 chart request.


Can someone post an NZD/CHF chart with the open and close of the H4 candle previous to the current one, preferable an IBFX chart feed.

Got to fix this feed with the data.


Thanks in advance
I have open 0.7587 close 0.7583 ibfx 4Hr bar
Previous 4 Hr bar open is 0.7585 and close is 0.7587

Remember you are playing the broker and not the actual market, so as far as I can see they can murder who ever they like....EXCEPT now are required to state such, ALBEIT in the fine print, which I always read unlike many others who could not be bothered....
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