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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

  • #83,821
  • Dec 28, 2010 6:19am Dec 28, 2010 6:19am
Quoting torontobboy2
the patterns that are mentioned in james16 thread dont come often...like the pinbar, double bar low and high with high/low close....but when they do happen it produces profit...

shouldnt the people posting on this thread inform the reader that such and such pattern has developed (no need for charts)....and monitor 4h and daily/weekly thats it???

perhaps thats something only done in private forum?
what you are askin for here torontobboy2,is a signal service,(even if you dont want one yourself) i could have posted all my last 10 winning trades before i entered but only half of the people who copied the trade (if that!) would have made money due the management of it. What makes the difference?? well understanding PA,MM, PPZ ETC...which is what this thread is all about, teaching (for free) people how to trade and make money for themselves.
Think of the responsibility of posting trades! all the misery i would cause to the people loosing money! not for me and not the intention of this thread.
jon
PATIENCE... DISCIPLINE
  • #83,822
  • Dec 28, 2010 6:22am Dec 28, 2010 6:22am
Quoting g_j_hook@yah
what you are askin for here torontobboy2,is a signal service,(even if you dont want one yourself) i could have posted all my last 10 winning trades before i entered but only half of the people who copied the trade (if that!) would have made money due the management of it. What makes the difference?? well understanding PA,MM, PPZ ETC...which is what this thread is all about, teaching (for free) people how to trade and make money for themselves.
Think of the responsibility of posting trades! all the misery i would cause to the people loosing money!...
Taking other people's ideas sux yes. But on the other hand receiving a message on your phone like "there is Pin on eur/usd 4H chart" is a nice thing

Trying to set alert indi is not that effective as I tried it... Still thinking of how is this possible to implement... maybe a trading "friend" with whom we monitor charts 24/7 taking turns? hmm...
  • #83,823
  • Dec 28, 2010 6:26am Dec 28, 2010 6:26am
Wait for a break of the low. FTA is my book is 8530.
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  • #83,824
  • Dec 28, 2010 6:35am Dec 28, 2010 6:35am
Is that failed BEOB at swing high?
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  • #83,825
  • Dec 28, 2010 6:35am Dec 28, 2010 6:35am
Quoting Adilius07
Taking other people's ideas sux yes. But on the other hand receiving a message on your phone like "there is Pin on eur/usd 4H chart" is a nice thing

Trying to set alert indi is not that effective as I tried it... Still thinking of how is this possible to implement... maybe a trading "friend" with whom we monitor charts 24/7 taking turns? hmm...
i agree it good to have things pointed out to you as we often miss setups due to whatever, but we have an idea of how to trade them, think of all the people who visit the thread who have little or no idea of what we talk about, its dangerous game i think.
i like your idea of trading buddys a small group of traders who trade a similar method could easily be formed of facebook something to think about for the future...

jon
PATIENCE... DISCIPLINE
  • #83,826
  • Dec 28, 2010 6:36am Dec 28, 2010 6:36am
Quoting Thierry
Wait for a break of the low. FTA is my book is 8530.
Hello Thierry,
0.8540 area could be the FTA.... so it's very close to the PB low.
based on current PA, this PB may not break hard... or may not break at all.

0.8530 is achievable though.
if 0.8500 holds, we might have further upside potential.

just my view
  • #83,827
  • Dec 28, 2010 6:38am Dec 28, 2010 6:38am
Quoting john225
Is that failed BEOB at swing high?
Look at the previous high's
  • #83,828
  • Dec 28, 2010 6:40am Dec 28, 2010 6:40am
Ok i think i got it yet with the swing highs and lows. This BEOB is for sure on swing high right?
  • #83,829
  • Dec 28, 2010 6:40am Dec 28, 2010 6:40am
Quoting john225
Is that failed BEOB at swing high?
Yeah. And then second failed DBHLC.
The problem as I see is fading strong bullish momentum.
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  • #83,830
  • Dec 28, 2010 6:40am Dec 28, 2010 6:40am
Quoting supremeChaos
Hello Thierry,
0.8540 area could be the FTA.... so it's very close to the PB low.
based on current PA, this PB may not break hard... or may not break at all.

just my view
Hello Supreme,

Thanks for your view, i agree with you that 0.8540 is the very FTA. In my opinion 8530 is mora a ppz area.

I think you are right, not too much space to move.
  • #83,831
  • Dec 28, 2010 6:41am Dec 28, 2010 6:41am
Quoting g_j_hook@yah
i agree it good to have things pointed out to you as we often miss setups due to whatever, but we have an idea of how to trade them, think of all the people who visit the thread who have little or no idea of what we talk about, its dangerous game i think.
i like your idea of trading buddys a small group of traders who trade a similar method could easily be formed of facebook something to think about for the future...

jon
Let's do it
  • #83,832
  • Dec 28, 2010 6:42am Dec 28, 2010 6:42am
Quoting Thierry
Wait for a break of the low. FTA is my book is 8530.
quite like this one also,would have like a higher high though, into the RN, momentum would be a key player for me in this one. i agree with your FTA also, where is your next one??

jon
PATIENCE... DISCIPLINE
  • #83,833
  • Dec 28, 2010 6:44am Dec 28, 2010 6:44am
Quoting g_j_hook@yah
quite like this one also,would have like a higher high though, into the RN, momentum would be a key player for me in this one. i agree with your FTA also, where is your next one??

jon
Jon,

The next area for me is the BRN 0.8500
There is divergence (forgot it on the chart)
But we have to look at the FTA of 8540 like Supreme said.
  • #83,834
  • Dec 28, 2010 6:44am Dec 28, 2010 6:44am
Quoting Adilius07
Taking other people's ideas sux yes. But on the other hand receiving a message on your phone like "there is Pin on eur/usd 4H chart" is a nice thing

Trying to set alert indi is not that effective as I tried it... Still thinking of how is this possible to implement... maybe a trading "friend" with whom we monitor charts 24/7 taking turns? hmm...

You have got to be joking Adi.
EDIT: Oh sorry Adi, I see what you mean, thought you meant the signal service.


I did that with Jacko, only, I saw that some of his calls were crap and called him on it. Then he ran off.

That was the worst thing about joining his site, no information not even a frigging chart.



Isn't there a program that will do that..I think I saw one around somewhere.
problem is, you still have to know what is going on around it.
  • #83,835
  • Dec 28, 2010 6:48am Dec 28, 2010 6:48am
Quoting Pinbar
You have got to be joking Adi.


I did that with Jacko, only, I saw that some of his calls were crap and called him on it. Then he ran off.

That was the worst thing about joining his site, no information not even a frigging chart.
No, I'm really serious. This is not calling trades. Is like a second pair of eyes.
If I had more eyes, more hands I would be able to do more things.
No one makes you trade what you don't like, but just a note, that there is something you don't see so you can go and take a look - is definitely an advantage... imho

EDIT: We do almost the same thing here often but in retrospective... or imaginary real time with WPIG. With WIPG some would participate some would not. Same here...
  • #83,836
  • Dec 28, 2010 6:51am Dec 28, 2010 6:51am
Quoting john225
Is that failed BEOB at swing high?
Quoting john225
Ok i think i got it yet with the swing highs and lows. This BEOB is for sure on swing high right?
swing highs/lows have vast space to their left.

what do u mean by 'failed'?
yes it was at swing high at the time it formed.
but it did not break on the succeeding bar... in fact on the next 2 bars...
(ideally we want/only trade on the break of the succeeding bar)
AND its low was sitting right at a trouble area/resistance (see prior bar highs). in these cases, we are taught to either avoid the trade or place our trades below that trouble area/resistance.

hope this helps
  • #83,837
  • Dec 28, 2010 6:51am Dec 28, 2010 6:51am
Quoting Adilius07
No, I'm really serious. This is not calling trades. Is like a second pair of eyes.
If I had more eyes, more hands I would be able to do more things.
No one makes you trade what you don't like, but just a note, that there is something you don't see so you can go and take a look - is definitely an advantage... imho

EDIT: We do almost the same thing here often but in retrospective... or imaginary real time with WPIG. With WIPG some would participate some would not. Same here...

Yeah, I edited the post..


Probably better off getting a group together to call out PA.

I think they are posted after the fact on this board for the reason that GJ mentioned. Still, people do post PA.
  • #83,838
  • Dec 28, 2010 6:53am Dec 28, 2010 6:53am
Quoting Thierry
Jon,

The next area for me is the BRN 0.8500
There is divergence (forgot it on the chart)
But we have to look at the FTA of 8540 like Supreme said.
i agree, my entry will be from the 1h BEOB, i had to open my ibfx to get a 4h pin. The 1h bar is better lokkin in size etc. the box is why i want a strong break as SC said, momentum is key here for me. if we get past the box the RN may be poss.??
lets see what happens..

jon

p.s. crosses are for my reference only
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PATIENCE... DISCIPLINE
  • #83,839
  • Dec 28, 2010 6:58am Dec 28, 2010 6:58am
Quoting Thierry
Jon,
The next area for me is the BRN 0.8500
There is divergence (forgot it on the chart)
But we have to look at the FTA of 8540 like Supreme said.
also got to keep in mind that it's Holiday mode.
u can either get your target/s ....or stop loss hit quickly.

if price moves past 0.8450 - 0.8500... then we might be seeing the start of a false upside move.

Quoting g_j_hook@yah
i agree, my entry will be from the 1h BEOB, i had to open my ibfx to get a 4h pin. The 1h bar is better looking in size etc...
hey jon, why are u trading lower TF (H1)?
just kidding..hehe
  • #83,840
  • Dec 28, 2010 7:04am Dec 28, 2010 7:04am
Quoting g_j_hook@yah
i agree, my entry will be from the 1h BEOB, i had to open my ibfx to get a 4h pin. The 1h bar is better lokkin in size etc. the box is why i want a strong break as SC said, momentum is key here for me. if we get past the box the RN may be poss.??
lets see what happens..

jon

p.s. crosses are for my reference only
risk reduced.. SL now .5570. i feel if there is momentum still i will stay in if not im better off out..?? lets see, it was a fairly strong bar that broke the BEOB
PATIENCE... DISCIPLINE
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