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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

  • #81,981
  • Dec 9, 2010 3:48am Dec 9, 2010 3:48am
Quoting Greenhaze
When you open a chart and start to analyse it from monthly chart going all the way down to h4 then you could call it top down or top to bottom TA.
It is very common method to pinpoint a good probability entry with tight stop. There is a bottom up analysis aswell but i dont understand the point of it.

I see, I thought that is what you meant.

Many thanks GH and I appreciate the comments.

Take care
  • #81,982
  • Dec 9, 2010 3:56am Dec 9, 2010 3:56am
Quoting ppfx
i dont know what to say, your'e approaching a solid s/r area...

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EDIT: just saw that jarroo already answered it
entry missed by 5 pips....

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  • #81,983
  • Dec 9, 2010 4:06am Dec 9, 2010 4:06am
Quoting ppfx
entry missed by 5 pips....

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I saw your post ppfx . .good plan.

Did you see my chart in my post to abserb? Sometimes the "Closes" are something to look at as well as the highs (in this case with the Eur/Jpy)

Not trying to confuse, just something for you to look at, my friend.
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Indicators show the past. Price Action "Indicates" the future.
  • #81,984
  • Dec 9, 2010 4:07am Dec 9, 2010 4:07am
Quoting ppfx
entry missed by 5 pips....

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Hmm, Actually I was just setting my chart up and have a rather bullish inclination to this pair.

Maybe we shall see some bullish PA around the 50 fibo and the weekly PPZ.
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  • #81,985
  • Dec 9, 2010 4:08am Dec 9, 2010 4:08am
I see Jarroo, also is keeping that option open.
  • #81,986
  • Edited 4:49am Dec 9, 2010 4:28am | Edited 4:49am
Quoting Pinbar
I see Jarroo, also is keeping that option open.

It was actually Ghous's IPBs that really made me take a closer look at the closes of bars. It was amazing to see how Price reacted, or should I say respected, the close of IPBs.

Take this IPB on the Daily Usd/Jpy in Nov. Not the prettiest . .you could even call it a very weak BUOB. But all the characteristics of an IPB are there.

Price is respecting the close very clearly. There are other example of this with other IPBs . . .maybe its just with IPBs but I did take a closer look at the Closes of bars. .:nerd:

Nice way to pick a bottom . .wouldn't you say Ghous . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #81,987
  • Dec 9, 2010 5:02am Dec 9, 2010 5:02am
Quoting jarroo
It was actually Ghous's IPBs that really made me take a closer look at the closes of bars. It was amazing to see how Price reacted, or should I say respected, the close of IPBs.

Take this IPB on the Daily Usd/Jpy in Nov. Not the prettiest . .you could even call it a very weak BUOB. But all the characteristics of an IPB are there.

Price is respecting the close very clearly. There are other example of this with other IPBs . . .maybe its just with IPBs but I did take a closer look at the Closes of bars. .:nerd:

Nice way to pick a bottom . .wouldn't...

I take it that you consider the weekly PB on EJ to be an IPB?

Can't really see that, as the close is right on the 111.038 area and we have the 50 fibo as confluence.


Just reconsidered that weekly blue PPZ. Perhaps, I see what you mean now as the open is right below it, or am I curve fitting this now?
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  • #81,988
  • Dec 9, 2010 5:03am Dec 9, 2010 5:03am
Hello friends,

Is this PB valid, by your opinion ?

Thanks,
Joe
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And you will leave pain to take care of itself.
  • #81,989
  • Dec 9, 2010 5:07am Dec 9, 2010 5:07am
GBP/NZD just took out my SL at 2.10453 I actually made 0.80 Cents on the last 0.01 lot that was left in. LoL

Feels good being stopped out at BE+ after we have already taken 150 pips profit off the table.
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  • #81,990
  • Dec 9, 2010 5:17am Dec 9, 2010 5:17am
Quoting JoeeF
Hello friends,

Is this PB valid, by your opinion ?

Thanks,
Joe
No, it wasn't.
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And you will leave pain to take care of itself.
  • #81,991
  • Dec 9, 2010 5:18am Dec 9, 2010 5:18am
Quoting JoeeF
Hello friends,

Is this PB valid, by your opinion ?

Thanks,
Joe
Hey Joe

One thing to watch out for here are the huge bearish bars just before the pin which indicate bearish sentiment. Also, the size of the pin by comparison is small - may not be enough to stop the previous move down. Looking at higher TFs is probably a better bet in early days. Having said all that, the pin might work!!

best,

Kal
  • #81,992
  • Dec 9, 2010 5:21am Dec 9, 2010 5:21am
Joe

Sorry also forgot to say there seems to be no confluence so this would not be classed as a high prob setup
  • #81,993
  • Dec 9, 2010 5:23am Dec 9, 2010 5:23am
Quoting Kalbar
Hey Joe

One thing to watch out for here are the huge bearish bars just before the pin which indicate bearish sentiment. Also, the size of the pin by comparison is small - may not be enough to stop the previous move down. Looking at higher TFs is probably a better bet in early days. Having said all that, the pin might work!!

best,

Kal
Quoting Kalbar
Joe

Sorry also forgot to say there seems to be no confluence so this would not be classed as a high prob setup
Thanks Kal.
And you will leave pain to take care of itself.
  • #81,994
  • Dec 9, 2010 5:25am Dec 9, 2010 5:25am
Hey Pinbar,
browsing thru charts, i saw audnzd.
remember our post about audnzd 1.3000?
that VBRN has been fully breached yesterday.... with 1.32000 almost hit today. looks like it took a bullish AUD news (employment data) to propel price higher.

am not in any trade with it but still, it's nice to watch price develop
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  • #81,995
  • Dec 9, 2010 5:30am Dec 9, 2010 5:30am
Quoting Kalbar
Joe

Sorry also forgot to say there seems to be no confluence so this would not be classed as a high prob setup

I think it actually does have confluence with the fibo, a major PPZ and the RN.

The problem is the size of the bearish bars IMHO but, I wouldn't write it off as a bad area with no confluence.

This next bar could end up as a large BUEOB.
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  • #81,996
  • Dec 9, 2010 5:31am Dec 9, 2010 5:31am
Quoting JoeeF
Hello friends,
Is this PB valid, by your opinion ?
Quoting JoeeF
No, it wasn't.
Hey Joe
it is valid but very small (like Sir Kalbar said) relative to all the bars in your chart & specially to the 2 prior bars

always remember a valid PA setup is just one part of the equation
  • #81,997
  • Dec 9, 2010 5:56am Dec 9, 2010 5:56am
Quoting supremeChaos
Hey Pinbar,
browsing thru charts, i saw audnzd.
remember our post about audnzd 1.3000?
that VBRN has been fully breached yesterday.... with 1.32000 almost hit today. looks like it took a bullish AUD news (employment data) to propel price higher.

am not in any trade with it but still, it's nice to watch price develop
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Yes, I do Supreme.

I think it is going all the way to the 1.35000.

Note the daily Cup & Handle look, it is massive to say the least.
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  • #81,998
  • Dec 9, 2010 6:05am Dec 9, 2010 6:05am
Quoting Pinbar
XMZ, closed that EU H4 BUOB for a small profit as, I don't like the PA below this weekly pivot and the way it is reacting to the TL.
Price stopped me out on my remaining position, moved my stop just below the 13300 unfortunately price took me out on its way back down. Well anyway managed to score some juice pips.
Pipcrawler
  • #81,999
  • Dec 9, 2010 6:08am Dec 9, 2010 6:08am
Quoting Pinbar
I think it actually does have confluence with the fibo, a major PPZ and the RN.

The problem is the size of the bearish bars IMHO but, I wouldn't write it off as a bad area with no confluence.

This next bar could end up as a large BUEOB.
Pin

Must agree with you there does seem to be some confluence there. However the size of this bar compared to previous 2 bars makes this less than an A setup IMHO.

Kal
  • #82,000
  • Dec 9, 2010 6:16am Dec 9, 2010 6:16am
Quoting Kalbar
Pin

Must agree with you there does seem to be some confluence there. However the size of this bar compared to previous 2 bars makes this less than an A setup IMHO.

Kal
Yes, I agree with you but, the point is, it is not an area where there is no confluence.

Note how no candle has closed below this area, this shows that it is a strong PPZ area with the confluence of the 50 fibo.
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