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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

  • #84,001
  • Dec 29, 2010 10:40am Dec 29, 2010 10:40am
unilever on daily.
look for some price action here.
brn 2000 pence + resistance.
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meine augen sind die sterne
  • #84,002
  • Dec 29, 2010 10:40am Dec 29, 2010 10:40am
Do we let the BIG DOG EAT or slap it on the nose and short it?
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  • #84,003
  • Dec 29, 2010 10:43am Dec 29, 2010 10:43am
Quoting Atc
What Pinbar is making videos now.... Awesome PB ....I can't wait.

Noooooooooooooooooooooooooo!
  • #84,004
  • Dec 29, 2010 10:45am Dec 29, 2010 10:45am
Quoting Pinbar
Yeah, me getting drunk. LoL

Seriously though, I needed something like this for my art work, I am an artist and have most of my stuff on the computer. Recently some people were asking me to make a video of some stuff.

Might make a PPZ video if any new people are stuck and request it.
Phew, me and my big mouth.......I will have Jarroo's, Ghous SC and Mikes sharp on eye it...man, that would be like skating naked. LoL

This sort of thing is what I need it for.
Wow!! big mouth you say? Sheesh you never told us you were an artist. Now that's bad

So you do it more like a profession or a personal hobby?

g.
I believe . . .
  • #84,005
  • Dec 29, 2010 11:02am Dec 29, 2010 11:02am
Quoting Pinbar
Noooooooooooooooooooooooooo!
Yeahhhhhhhhhhh cīmonnnnnnn Steveeeeeeee !!!!
Trade Smart
  • #84,006
  • Dec 29, 2010 11:06am Dec 29, 2010 11:06am
nzd/usd h4 arrived at an interesting spot:
50% fib + rn 0.7650 + resistance
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meine augen sind die sterne
  • #84,007
  • Dec 29, 2010 11:10am Dec 29, 2010 11:10am
Quoting Atc
Do we let the BIG DOG EAT or slap it on the nose and short it?
I'm waiting on the .7700 - .7750 area for a short. I like the consolidation on the 4H chart, RN, and double fib confluence. Not to mention the current run up is creating a lot of space, and there are some nice obvious areas for management if we can get an entry.
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  • #84,008
  • Dec 29, 2010 11:11am Dec 29, 2010 11:11am
some of the terms used here I do not understand such as BRN.
Is there a document with all these terms listed?
  • #84,009
  • Dec 29, 2010 11:18am Dec 29, 2010 11:18am
Quoting torontobboy2
some of the terms used here I do not understand such as BRN.
Is there a document with all these terms listed?

Check out PB signature..

Here you have the link : http://www.forexfactory.com/showpost...ostcount=79034

Os.
Trade Smart
  • #84,010
  • Dec 29, 2010 11:20am Dec 29, 2010 11:20am
Quoting torontobboy2
some of the terms used here I do not understand such as BRN.
Is there a document with all these terms listed?
http://www.forexfactory.com/showpost...ostcount=79034
  • #84,011
  • Dec 29, 2010 11:21am Dec 29, 2010 11:21am
Quoting Atc
Location Location Location .... a few tomahawk scalps for the holiday season!

Jaroo Jarroo where are you?

Atc,

How did you trade the USD/CAD example from this post? Did you just wait for support to be broken by the big bearish bar and then sell as soon as price rose back up to that previous support (now resistance) level? Did you zoom in to a lower TF and find price action at the previous support (now resistance) level?

I would appreciate your input regarding how you approach these type of trades.

Thank you.
  • #84,012
  • Dec 29, 2010 11:28am Dec 29, 2010 11:28am
Quoting Donkey
I'm waiting on the .7700 - .7750 area for a short. I like the consolidation on the 4H chart, RN, and double fib confluence. Not to mention the current run up is creating a lot of space, and there are some nice obvious areas for management if we can get an entry.
I shorted the .7650 for a quick "holiday scalp"....I'm out @.7638 the volume is lacking ...watch it dump now...but that's ok ... i followed my trade management plan
  • #84,013
  • Dec 29, 2010 11:44am Dec 29, 2010 11:44am
Ok, if closes like this then it fits all my A+ criteria. Gonna take it.
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  • #84,014
  • Dec 29, 2010 11:46am Dec 29, 2010 11:46am
Quoting relyt
Atc,

How did you trade the USD/CAD example from this post? Did you just wait for support to be broken by the big bearish bar and then sell as soon as price rose back up to that previous support (now resistance) level? Did you zoom in to a lower TF and find price action at the previous support (now resistance) level?

I would appreciate your input regarding how you approach these type of trades.

Thank you.
If I remember correctly...I was watching the 4H and 1H TF....the "story" prior to the breaking the parity level told me there was strong downward pressure....look at the strength in the bars...I then saw on the 1h tf that the bulls lost the war holding price up above 1.00 ...I set a limit sell at 1H and when the price took me in on the touch ....I saw as trapping longs below parity....but as you can see for a short time...my belief is that the 1.00 is a line in the sand.... I was in for a short 15 pip scalp...tight stop in place....it was a "first time back touch trade at a BRN without PA siganl bar"

Hope this helps,

Bill

Please and above all understand this was a scalp only and not something James and the seniors would promote to those who are new to the thread IMO...with the market conditions as they are...holiday...I'm more in scalp mode...I change as conditions change...just me
  • #84,015
  • Dec 29, 2010 12:11pm Dec 29, 2010 12:11pm
This 4H was pretty too. I filtered it out... liked NZDJPY more... any thoughts?
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  • #84,016
  • Dec 29, 2010 12:13pm Dec 29, 2010 12:13pm
Quoting Adilius07
Ok, if closes like this then it fits all my A+ criteria. Gonna take it.
hi A, check out the daily, this is a very choppy pair. also check out the bar size(atm) compared to the previous 10 or 20 bars, and ask yourself if it is a bar that JUMPS out at you?? The PPZ you have drawn is perfectly valid but i want to point out all those bar lows just below your PPZ as they will probably play a role in price movement if it gets down there. i also want to point out the big consolidation area below(the box) which will also have an effect on the flow of price movement.
this is not a dig at you (im sure you know that) but iv seen a few discussions recently about wot defines an A+ setup etc. im gonna try and make a decent post about this shortly, so bare with me...

jon
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PATIENCE... DISCIPLINE
  • #84,017
  • Dec 29, 2010 12:14pm Dec 29, 2010 12:14pm
Quoting Adilius07
This 4H was pretty too. I filtered it out... liked NZDJPY more... any thoughts?
Hey Adi

I would see the BEOB actually as the much better trade here. Going with the trend, sort of breakout + pullback off that last swing low(extended blue PPZ area now) closed below that swing point. The buob is trading back into that, where as the BEOB had a clean shot to the last swing low point.
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  • #84,018
  • Dec 29, 2010 12:15pm Dec 29, 2010 12:15pm
Quoting mbqb11
Hey Adi

I would see the BEOB actually as the much better trade here. Going with the trend, sort of breakout + pullback off that last swing low(extended blue PPZ area now) closed below that swing point. The buob is trading back into that, where as the BEOB had a clean shot to the last swing low point.
whoops forgot to include the Breakout and pullback chart

notice the trendline used for breakout is clean
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  • #84,019
  • Dec 29, 2010 12:16pm Dec 29, 2010 12:16pm
Quoting Adilius07
Pinbar, almost said "thank you".. then I thought I should better look this new word in google... that's what Wikipedia told me:

Bugger is a slang word used in the vernacular British English, Irish English, Australian English, Canadian English,...
now this made me laugh!!
PATIENCE... DISCIPLINE
  • #84,020
  • Dec 29, 2010 12:19pm Dec 29, 2010 12:19pm
Quoting Pinbar
Yeah, me getting drunk. LoL

Seriously though, I needed something like this for my art work, I am an artist and have most of my stuff on the computer. Recently some people were asking me to make a video of some stuff.

Might make a PPZ video if any new people are stuck and request it.
Phew, me and my big mouth.......I will have Jarroo's, Ghous SC and Mikes sharp on eye it...man, that would be like skating naked. LoL

This sort of thing is what I need it for.
Looks great!! i used to draw a lot of portraits (pencil) for pocket money years back.
do you have a website or is there a way i can view this work?
try this link you will find it interesting.

http://www.facebook.com/video/video.php?v=1415463185272

jon
PATIENCE... DISCIPLINE
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