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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

  • #82,921
  • Dec 17, 2010 7:53pm Dec 17, 2010 7:53pm
Quoting Bemac
Mike, I know I am late to the party and haven't finished reading the New Posts but wanted to attend to Your post before I forget. {I'm Old}...
As I have stated on the ICCE side, the Grid is one of set of Fractals. Right now it is riding a subsidery (0.5) Fractal and may recover but...
if that base TL from the 13th fails, we're looking at 0.8440 & poss south to 0.8350.
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The one thing that comforts me about this is that I know You Know how to handle a squishy pair.



I did read ahead a little & have to say...
Bill,

Good to see you around and posting old friend. Hope you are starting to feel a bit better

I was very unahppy with the last push up today. I haven't cut out yet but I have a tight eye on sundays open possible cut out for a small loss. I must admit I had a few good trades today so I am a bit more comfortable with where I am at with this. But for sure I am watching where we are now. Thanks for the chart

Take care as always bud
Mike
  • #82,922
  • Dec 17, 2010 8:44pm Dec 17, 2010 8:44pm
Quoting mbqb11
A close below the lows and a break of the BEOB puts 1.3 right in sight
I am in full agreement with you Mike.

K.I.S.S.
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  • #82,923
  • Dec 17, 2010 9:12pm Dec 17, 2010 9:12pm
Quoting forex0908
What's was the reasoning behind this trade ?

Inside Bar + Pin Bar with the trend ?

0908
Inside bar forming at the BO+PULLBACK to the 'box' (see chart) in confluence with the 131.5 PPZ.

A clear target (130) put the icing on the cake.

g.
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I believe . . .
  • #82,924
  • Dec 17, 2010 10:12pm Dec 17, 2010 10:12pm
[quote=james16;4251318]contemplate this also if your new.
its better than sex. errrrrr well if your 50 its better than sex.

Thanks again for reminding us how simple it is and should be, it must be human nature to over complicate things!

Poncho

P.S. I think its better than sex at any age!
" I can read the left side of the chart, the right side's a Bitch!
  • #82,925
  • Dec 17, 2010 10:58pm Dec 17, 2010 10:58pm
[quote=poncho1;4251914]
Quoting james16
contemplate this also if your new.
its better than sex. errrrrr well if your 50 its better than sex.

Thanks again for reminding us how simple it is and should be, it must be human nature to over complicate things!

Poncho

P.S. I think its better than sex at any age!

P.S. I think its better than sex at any age! . . . Could that be an exaggeration?

lol

g.
I believe . . .
  • #82,926
  • Dec 17, 2010 11:36pm Dec 17, 2010 11:36pm
[quote=ghous;4251925]
Quoting poncho1


P.S. I think its better than sex at any age! . . . Could that be an exaggeration?

lol

g.
I think both depend on our technique
  • #82,927
  • Dec 18, 2010 12:46am Dec 18, 2010 12:46am
[quote=Pinbar;4251943]
Quoting ghous
I think both depend on our technique
I agree first of all you must find support and resistance zones and after that just use right technique.
  • #82,928
  • Dec 18, 2010 1:21am Dec 18, 2010 1:21am
sdf on weekly.
rn 55 eur, 38.2% fib, resistance.
wait for bearish pa-setup and set tight sl because of probable news-spike.
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meine augen sind die sterne
  • #82,929
  • Edited 3:29am Dec 18, 2010 3:20am | Edited 3:29am
Quoting HanSolo
I23B on weekly EURCHF. First time a weekly bar closed below the BRN. Also notice the low at the end of june that may very well act as resistance now.
I wonder if this would be a viable setup for an experienced IB trader. Or are IBs not that reliable at the end of the year? Any comments very appreciated.
Hi Hans / Jarroo,

This is w.r.t. Han's post number 82228 on I23B on EURCHF Weekly.

I have heard of IBs and I4B. There was an IB on EURCHF weekly last week (the week which ended on Friday 10 Dec 2010).

But I don't understand how do you call it an I23B? I think 23 stands for 2-3 Inside Bars. But I can see only 1 IB.

May I know which is the Outside Bar / Mother Candle that you are referring to?

Thanks

0908

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  • #82,930
  • Dec 18, 2010 3:28am Dec 18, 2010 3:28am
technically not a pinbar, but the bar retraced at a interesting area:
resistance, upper channel + 61.8% fib.
20 usd is likely...
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meine augen sind die sterne
  • #82,931
  • Dec 18, 2010 3:34am Dec 18, 2010 3:34am
Quoting spookie94
My bad I thought I read somewhere it was simple.
Yeah me 2,
I was starting to wonder how much the MA differed between both charts
  • #82,932
  • Dec 18, 2010 3:42am Dec 18, 2010 3:42am
Quoting forex0908
Hi Hans / Jarroo,

This is w.r.t. Han's post number 82228 on I23B on EURCHF Weekly.

I have heard of IBs and I4B. There was an IB on EURCHF weekly last week (the week which ended on Friday 10 Dec 2010).

But I don't understand how do you call it an I23B? I think 23 stands for 2-3 Inside Bars. But I can see only 1 IB.

May I know which is the Outside Bar / Mother Candle that you are referring to?

Thanks

0908

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Hey forex, I23B means it's the smallest bar of the last 23 bars plus being an inside bar. I'm not sure what you mean by "mother candle" but the bar making the IB an IB is the preceding one encompassing the I23B (1st bar in your blue box).

Let me know if this answers your question
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #82,933
  • Dec 18, 2010 4:18am Dec 18, 2010 4:18am
Quoting HanSolo
Hey forex, I23B means it's the smallest bar of the last 23 bars plus being an inside bar. I'm not sure what you mean by "mother candle" but the bar making the IB an IB is the preceding one encompassing the I23B (1st bar in your blue box).

Let me know if this answers your question
Hans
Oh ok...

Thanks for answering my doubt. I thought 2-3 stood for the number of IBs in a row which were encompassed by a large bar before them.

Forget about the Mother Candle - it's the previous bar encompassing the IB.

So, I have two questions now:

1. Does I4B or I4+B mean that the latest bar is smaller than the earlier 3-4 bars AND also an IB? (I have started reading Dan's posts only recently.)

2. What do you call multiple (2 or more) IBs within a large bar. I have shown an example of EC on Weekly TF again. But this is from January 2010.

Many Thanks
0908

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  • #82,934
  • Dec 18, 2010 4:25am Dec 18, 2010 4:25am
There are some nice setups for next week including this one. It is good time to cut down the risk a little in case of low liquidity.
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  • #82,935
  • Dec 18, 2010 4:59am Dec 18, 2010 4:59am
Greenhaze, I was also looking at that set up, it looks good, double bottom from November and a tripple bottom on support for this week, initial target .9800

Paj
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  • #82,936
  • Dec 18, 2010 5:08am Dec 18, 2010 5:08am
Quoting Paj
Greenhaze, I was also looking at that set up, it looks good, double bottom from November and a tripple bottom on support for this week, initial target .9800

Paj

Doesn't look so good if you do this.
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  • #82,937
  • Dec 18, 2010 5:13am Dec 18, 2010 5:13am
More I look to eurusd monthly chart,more I see 1.26 as target for beob monthly.After beob,the price retreaced till the previous bar that act as resistence:
1-R for all bars(notice that all the bars closed under 1.26)
2-R at 1.26
3-the price broke and retreaced at 1.26
4-old R,now acts as S
5-the price broke 1.26
6-1.26 act as R
7-the price broke 1.26 and acts as S(notice that all the bars closed above)
8-S (notice that all the bars closed above)
9-the price broke 1.26 and acts as R for PB
10-the price broke and acts as S.
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Nothing personal,just business
  • #82,938
  • Dec 18, 2010 5:17am Dec 18, 2010 5:17am
Quoting Pinbar
Doesn't look so good if you do this.
Hi PB
You just highlighted the area which needs to be broken in order to trigger this trade. It still looks good to me.
  • #82,939
  • Dec 18, 2010 5:25am Dec 18, 2010 5:25am
Quoting Greenhaze
Hi PB
You just highlighted the area which needs to be broken in order to trigger this trade. It still looks good to me.

The weekly looks dodgy, going against that DBHLC, it may have hit its FTA but, the downtrend looks pretty serious and that daily PB like bar is not at a SL.

What are your thoughts on this GH?
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  • #82,940
  • Dec 18, 2010 5:26am Dec 18, 2010 5:26am
Quoting fxgroup
More I look to eurusd monthly chart,more I see 1.26 as target for beob monthly.After beob,the price retreaced till the previous bar that act as resistence:
1-R for all bars(notice that all the bars closed under 1.26)
2-R at 1.26
3-the price broke and retreaced at 1.26
4-old R,now acts as S
5-the price broke 1.26
6-1.26 act as R
7-the price broke 1.26 and acts as S(notice that all the bars closed above)
8-S (notice that all the bars closed above)
9-the price broke 1.26 and acts as R for PB
10-the price broke and acts as S.
Price is making LH and LL on monthly chart. Everytime sellers enter the market there is not even one bullish month when rally starts. 1.26 could be simply FTA before price start to go down again. Last swing low TP1 for me ;] Cheers
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