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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

  • #82,081
  • Dec 9, 2010 9:35pm Dec 9, 2010 9:35pm
rr on daily.
fta will be 620.
comments aprreciated...
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meine augen sind die sterne
  • #82,082
  • Dec 9, 2010 9:36pm Dec 9, 2010 9:36pm
Quoting aserbfx
oh, i see...
no, ib has only cfds for australian stocks. i have a german broker for cfds.
what about an mt4 broker for cfds?
***********************
Oh ok thanks. Yeah, Alpari UK, has some CFD's but I have to buy at least 20 for US equities, at least 50 for german equities. Something like this. I don't like this.

I know that SaxoBank has a huge list of all kinds of CFD's. But I don't like to promote them neither as platform really suck, fees are super high and FX lot minimum is 1.

So I still search and think how can I trade stocks. Maybe my biggest problem is not enough funds to go for Stocks/CFD's yet...
  • #82,083
  • Dec 9, 2010 10:25pm Dec 9, 2010 10:25pm
Been practicing my eyeballing & this baby gets my attention.

Almost a 3 bar high , Daily RN & plenty of space.

I bet even the Big Guy would be on it like a ton of bricks.

Tricky bar high on the left though, to get past.


Too bad it is Friday.
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  • #82,084
  • Edited Dec 10, 2010 12:11am Dec 9, 2010 10:59pm | Edited Dec 10, 2010 12:11am
So what are going to do with these two party poopers.

Analyze them with Jaroo's thing, of course. BRB.
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  • #82,085
  • Dec 9, 2010 11:25pm Dec 9, 2010 11:25pm
Quoting Pinbar
So what are going to do with these two party poopers.

Analyze them with Jaroo's thing, of course. BRB.
Hello Pinbar, you mean this for long or short I didn't understand?
  • #82,086
  • Dec 10, 2010 12:12am Dec 10, 2010 12:12am
Quoting Adilius07
Hello Pinbar, you mean this for long or short I didn't understand?
SHort, sorry the whole internet went down here and cell phones, I thought NK had nuked Tokyo or something.
  • #82,087
  • Dec 10, 2010 12:20am Dec 10, 2010 12:20am
Quoting Pinbar
SHort, sorry the whole internet went down here and cell phones, I thought NK had nuked Tokyo or something.
Oh ok. I see the daily PB. I was confused because I saw those equal highs on weekly charts you show and thought you mean 2-high break out setup.
  • #82,088
  • Dec 10, 2010 12:20am Dec 10, 2010 12:20am
I recieve emails all the time from people that are desperate.

losing all there own money and borrowed money as well.

the heart and soul of this thread is to try to get people to go about this business in a way that prevents that from happening.

if your in that category look at this chart and really ask yourself if your really going about this in a smart manner.
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  • #82,089
  • Dec 10, 2010 12:31am Dec 10, 2010 12:31am
Hey Adi, that is not a trade recommendation or anything, just something to keep an eye on.

I think the H4 PB was nice but it probably just hit its FTA.



EDIT: I wonder if J16 would kindly give us his valued opinion on that AUD/NZD Daily PB?

That would really be great!
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  • #82,090
  • Dec 10, 2010 12:34am Dec 10, 2010 12:34am
Quoting jarroo
Your target #1 would be the ultimate target for the Daily PB, previous bar Low(s). I like the .9800 RN as the 1st target or FTA. There is a bit of PPZ level there (white).

Your 2nd target is perfect for the Weekly BEOB if it gets there and breaks, of course. Good eye.

I like to define my targets on the TF that the setup was presented on, as you probably know, D. But nothing wrong with looking at the higher TF PA to work in those longer term targets.

Usd/Chf daily PB update. 1st target hit.
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Indicators show the past. Price Action "Indicates" the future.
  • #82,091
  • Dec 10, 2010 12:40am Dec 10, 2010 12:40am
Quoting Pinbar
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?
I'm lost on this one, Pb.
Indicators show the past. Price Action "Indicates" the future.
  • #82,092
  • Dec 10, 2010 12:47am Dec 10, 2010 12:47am
Quoting jarroo
I'm lost on this one, Pb.
I think I just came back from the hospital after coming down with a fever and swollen lymph gland when I wrote that yesterday.

Maybe, I confused the IPB you mentioned with something else.

I see what you mean about the IPB close showing us a possible bottom.

Sorry for the confusion. I am still sort of out of it.

Some viscous colds going around Japan right now.

EDIT: Jaroo, would you be so kind as to give us your opinion about that daily AUD/NZD PB.
I know the close is not good but I mean about the Party Pooper on the left.
  • #82,093
  • Dec 10, 2010 12:55am Dec 10, 2010 12:55am
Quoting james16
I recieve emails all the time from people that are desperate.

losing all there own money and borrowed money as well.

the heart and soul of this thread is to try to get people to go about this business in a way that prevents that from happening.

if your in that category look at this chart and really ask yourself if your really going about this in a smart manner.
Thanks James for the chart.
Interesting, my ema's are a little "shifted" from what is here.
Maybe that is because of those Sunday bars which I don't have on my charts...they are just EMA's applied to close, right?
  • #82,094
  • Dec 10, 2010 12:56am Dec 10, 2010 12:56am
Quoting ppfx
Yes i saw your post and i know that. You've told me that. I usually check the line chart regarding the closes.




I know i saw gasgas's post, but a little intraday reversion is still valid. If you look at the chart my FTA was reached and it almost hit TP1 as well.

That's right, we have talked about the closes before, ppfx. I forgot about that. Sorry buddy.

I was looking for the 111.00 to act as Support , since Price broke and closed above Resistance. But now that Price closed below the 111.00, it looks like its back to Resistance.

Quoting ppfx
I re-entered the trade cause i saw that there is a good possibility that the previous 'support' (was a resistance in majority) has turned into resistance. Seems like i was right. I closed part of the trade and put stops to BE. Now lets see if we can get to 110

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Nice trade. The 111.70 looks alot strong that the 111.00
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Indicators show the past. Price Action "Indicates" the future.
  • #82,095
  • Dec 10, 2010 1:00am Dec 10, 2010 1:00am
Quoting jarroo
Usd/Chf daily PB update. 1st target hit.
Yes, pretty happy with this trade. Took it on the retrace of the 30 min pinbar, with that weekly BEOB in mind of course.

/pat


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  • #82,096
  • Dec 10, 2010 1:03am Dec 10, 2010 1:03am
Quoting Adilius07
Thanks James for the chart.
Interesting, my ema's are a little "shifted" from what is here.
Maybe that is because of those Sunday bars which I don't have on my charts...they are just EMA's applied to close, right?


I asked the same thing a long time ago, it is due to different close times, or so it seems.
  • #82,097
  • Dec 10, 2010 1:05am Dec 10, 2010 1:05am
Quoting Adilius07
...
Interesting, my ema's are a little "shifted" from what is here.
Maybe that is because of those Sunday bars which I don't have on my charts...they are just EMA's applied to close, right?
Sir Jim was using IBFX MT4 in that chart.
Applied to 'close', yes.
what MT4 are u using?
Sunday bars & broker feeds will make a big difference, so ideally u study/compare using a similar chart/broker feed.
  • #82,098
  • Dec 10, 2010 1:08am Dec 10, 2010 1:08am
Quoting Pinbar
I asked the same thing a long time ago, it is due to different close times, or so it seems.
Ah got it. Thanks. Well I just applied them to my charts, looks like they help and give one more confluence. I don't know why I took them off a few months ago, did not understand maybe... so I will keep them now.

But I took my MACD off. It is not working. I hate it being different on different platforms.
  • #82,099
  • Dec 10, 2010 1:10am Dec 10, 2010 1:10am
Quoting supremeChaos
Sir Jim was using IBFX MT4 in that chart.
Applied to 'close', yes.
what MT4 are u using?
Sunday bars & broker feeds will make a big difference, so ideally u study/compare using a similar chart/broker feed.
Thanks SC, yeah I am trying to stick to my FxPro only.
Really like its demo, very reliable

And I think I will go with Oanda live, so FxPro will be my all time charting software.
  • #82,100
  • Dec 10, 2010 1:11am Dec 10, 2010 1:11am
Quoting Adilius07
Ah got it. Thanks. Well I just applied them to my charts, looks like they help and give one more confluence. I don't know why I took them off a few months ago, did not understand maybe... so I will keep them now.

But I took my MACD off. It is not working. I hate it being different on different platforms.
I once used the new MACD indicator, even with the same settings of 12.26.9 it was totally different than the MT4 MACD.

I think, Mike told me that it is best to use the MT4 MACD because even with its faults, more people will be watching it.

If it wasn't Mike, it was some other J16 person.
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