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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

  • #81,861
  • Dec 8, 2010 12:58am Dec 8, 2010 12:58am
Quoting pn1
First I would like to thank James and other people like mike, Jim, ghous etc. for continuing this excellent thread. Its been a pleasure reading this wonderful thread. By the knowledge of PA I have collected from this thread, I would like to know if I am looking at a correct setup, so please check the charts below
in my view your perfectly correct to see this area as a good area to take a trade,PPZ with confluence, swing low in an uptrend. I agree with your PPZs, they are in the same place as mine, but i personally hope NOT to see a pin bar here as i am short from the daily BEOB!lol
did you not like that trade??
PATIENCE... DISCIPLINE
  • #81,862
  • Dec 8, 2010 1:09am Dec 8, 2010 1:09am
Thanks Mike and Jon for your quick replies. By the way Mike, I liked how you draw these lines to show the trade plan. This was exactly how I was eying it. As far as posting thing is concerned, you will surely see my posting and troubling you with my questions a lot. So be lenient on me
  • #81,863
  • Dec 8, 2010 2:57am Dec 8, 2010 2:57am
Units now, another headache with Oanda
  • #81,864
  • Dec 8, 2010 2:59am Dec 8, 2010 2:59am
Quoting Pinbar
Adi, do you really need the added hassle of using two platforms to trade.

I would try and find a broker that has a happy medium between them all.

Yes, I thought so too at first. But who else can I choose. Alpari Uk I was thinking, but reading those hundreds reviews from different sources I know think that Oanda is much more reliable.. And Oanda has an advantage of letting me trade any size ( if I get to understand this unit thing of their)

I was even thinking to split my deposit in two brokers but then I thought having 1,5K there 1,5K here is a joke, it's really not that much to have all this precautions like I'm a big shot or something. So I need just one... I think Oanda will be it. Getting familiar to their platform and those Units at the moment...
  • #81,865
  • Dec 8, 2010 3:17am Dec 8, 2010 3:17am
HAPPY BIRTHDAY MIKE AND



T H A N K Y O U !!!!!!!!!!!!!!!!!!!

Have a good one mate! Dont do anything I wouldn't but if you do do some for meeeee ...

Cheers


V
  • #81,866
  • Dec 8, 2010 3:18am Dec 8, 2010 3:18am
Quoting Adilius07
Yes, I thought so too at first. But who else can I choose. Alpari Uk I was thinking, but reading those hundreds reviews from different sources I know think that Oanda is much more reliable.. And Oanda has an advantage of letting me trade any size ( if I get to understand this unit thing of their)

I was even thinking to split my deposit in two brokers but then I thought having 1,5K there 1,5K here is a joke, it's really not that much to have all this precautions like I'm a big shot or something. So I need just one... I think Oanda will...

Yeah, just get used to their platform.
Just took a scan and I think I demoed it once.
  • #81,867
  • Dec 8, 2010 4:44am Dec 8, 2010 4:44am
Seemed like a good setup to me. Weekly PB off major PPZ, 150 ema, and has fib confluence. Price even formed higher lows. But now PB seemed close to fail
Maybe there's something that i missed? Anyone?
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  • #81,868
  • Edited 5:01am Dec 8, 2010 4:48am | Edited 5:01am
Quoting Pinbar
GJ....I saw that BUEOB on USD/JPY this morning while checking the charts.

But, if we look at the weekly, we can see a BEOB and the flip area is right at the RN. It's a pass for me but would appreciate your input on my decision.
And indeed Blue's.

Thanks in advance.
You're right about that weekly BEOB, I was interested in that one but I didn't pull the trigger mainly because I didn't see a clear PA at a pullback to either previous weekly bar low or the RNB @ 8300. Eventually this BEOB got validated but bumped its head against a daily PPZ @ 8240-ish (also 38.2 fib of the last big downswing) before pulling back. When price was pulling back I wanted to try to re-enter, price went all the way up to 8360 right at the 61.8 fib of that BEOB and closed yesterday on the 4H-TF as a juicy PB. Today I was convinced that 4H-PB would be my entry point for another shot at that BEOB but unfortunately price gave me no sell PA on the lower TF and price broke the earlier mentioned 61.8 fib. thereby invalidating that BEOB. As for the E-U, my previous view hasn't changed about that one. My keylevel is still the left eye of the weekly PB which also equals the low of the weekly BEOB in november @ 13200. Price has reached this level and if it finds support then it will have another shot at my other keylevel @ 13450 which is a important weekly PPZ and the high of the weekly PB.
Edit; just took a shot at a 1H-PB @ my keylevel of 13200
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Pipcrawler
  • #81,869
  • Dec 8, 2010 4:54am Dec 8, 2010 4:54am
Quoting Be Cool
Seemed like a good setup to me. Weekly PB off major PPZ, 150 ema, and has fib confluence. Price even formed higher lows. But now PB seemed close to fail
Maybe there's something that i missed? Anyone?

The PB tip stopped right at the weekly PPZ right above the 0.8500 BRN
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  • #81,870
  • Dec 8, 2010 5:01am Dec 8, 2010 5:01am
Hi there,

I want to thank you all for this lovely thread especially the senior ones. Please keep the fire burning.

I have a question. In the attached chart is the marked BEOB an A+ trade for you guys or something you just demo instead of live-trading....
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SNR with Price Action...
BitCrossNG Return Today: na
  • #81,871
  • Dec 8, 2010 5:02am Dec 8, 2010 5:02am
Quoting Be Cool
Seemed like a good setup to me. Weekly PB off major PPZ, 150 ema, and has fib confluence. Price even formed higher lows. But now PB seemed close to fail
Maybe there's something that i missed? Anyone?
You are fighting a heavy fall BC.
More to it you are going against PPZ.
Take a look.
Ask again if unclear.
Regards
Taz
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  • #81,872
  • Dec 8, 2010 5:04am Dec 8, 2010 5:04am
Quoting Pinbar
The PB tip stopped right at the weekly PPZ right above the 0.8500 BRN
Hey PB,
You burnt the fire before me.
This is unfair.

Taz
  • #81,873
  • Dec 8, 2010 5:04am Dec 8, 2010 5:04am
Sorry ive been a stranger.
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  • #81,874
  • Dec 8, 2010 5:08am Dec 8, 2010 5:08am
Hey XMZ, I am thinking it might be just about time to start buying that EUR/USD Weekly PB. We can be at BE before it even breaks.

Small stop behind the 365.



What do you think?
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  • #81,875
  • Dec 8, 2010 5:13am Dec 8, 2010 5:13am
Quoting james16
Sorry ive been a stranger.
Hey big guy, Zhang speaking here, about your Ozzie trade I got in on the 4H-TF.......guess from who I've learned that ....... Thanx !

May the force be with you
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Pipcrawler
  • #81,876
  • Dec 8, 2010 5:16am Dec 8, 2010 5:16am
I am in it at the FTB after the break.
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  • #81,877
  • Dec 8, 2010 5:17am Dec 8, 2010 5:17am
IVE BEEN SPENDING MORE NIGHTS LATELY DOING SOMETHING I HAVE RESISTED OVER THE YEARS. trading forex on very small time frames.

please new folks dont do this until you have proven yourself first on longer time frames.

i caught both of these at the same time. i have been doing some serious trading of these two pairs at the same time when things "are right". some nights i do nothing but tonight was a great one.
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  • #81,878
  • Dec 8, 2010 5:19am Dec 8, 2010 5:19am
Quoting Pinbar
Hey XMZ, I am thinking it might be just about time to start buying that EUR/USD Weekly PB. We can be at BE before it even breaks.

Small stop behind the 365.



What do you think?

I'am already long off a 1H-PB @ 13200. FTA @ 13250 minor PPZ, target would be the high of that weekly PB, we also have to deal with the 13300. SL a few pips below the 1H-PB @ 13175.
Pipcrawler
  • #81,879
  • Dec 8, 2010 5:19am Dec 8, 2010 5:19am
thats great z. thanks.

jim

Quoting xmzhang
Hey big guy, Zhang speaking here, about your Ozzie trade I got in on the 4H-TF.......guess from who I've learned that ....... Thanx !

May the force be with you
  • #81,880
  • Dec 8, 2010 5:21am Dec 8, 2010 5:21am
James16..Any chance you could answer this question?

In the videos I watched you trading only the daily and not even looking at the higher TF. I realize, you have been to the gates of hell and back and have done this a very long time, I understand you know where the monthly and weekly flips are looking only at the daily.

But, do you really trade like that, just using the bar highs and lows on the daily or, is that just to keep the videos simple for us?

Thanks in advance.
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