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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

  • #84,901
  • Jan 7, 2011 11:26am Jan 7, 2011 11:26am
Quoting Revstar
Ok the new years a bit old now

Bit of a wild start to the year PA wise... I have not liked very much of the last few days had a few trades that got eaten up like kfc

however following on from previous comments (BRN). This one stuck out (at me) and i took it, very simple break down... continuation through BRN..
Hi rev

had an eye on this one also but refusd trade due to the BRN. Has turned out to be a nice trade. Regarding the 'wild start' I think it takes a week or so for the markets to settle down after the new year holidays/break etc.

Kal
  • #84,902
  • Jan 7, 2011 11:30am Jan 7, 2011 11:30am
Quoting jarroo
Notice this BUOB on the Weekly Chf/Jpy and how no bar closed below the previous bar High. Price is acting as Support on the Weekly TF, the same time frame as the setup.

On the Daily and lower TFs, you'll see Price not acting as Support at this previous bar High level on the Weekly BUOB.
This goes in my notes for sure. Cannot ignore this !!!

What an awesome lesson learnt.

0908
  • #84,903
  • Edited 11:41am Jan 7, 2011 11:40am | Edited 11:41am
Hi Mike,

Here is one more attachement. I do this short-term analysis for every pair, and try to base intraday trades on this looking for PA strategies mentioned in this thread. Please review my analysis and comment.
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  • #84,904
  • Jan 7, 2011 11:41am Jan 7, 2011 11:41am
Target of 1.2451 hit, just maybe managed a little too tight. Balance was closed at BE

Quoting slade1986
Took the break of the BEOB off the 1.27 area. Closed 50% and moved to BE. Looking for 1.2451 as my target.
  • #84,905
  • Jan 7, 2011 12:19pm Jan 7, 2011 12:19pm
Hi Guys, Just wondering if anyone could comment on this Demo trade I took. Didn't look bad at the time but as you can see it failed miserably. All comments welcome.
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  • #84,906
  • Jan 7, 2011 12:22pm Jan 7, 2011 12:22pm
Quoting Atc
And might I add most informative/educational/enlightening/dedicated/clear/direct/patient/thorough...my hat goes off to you Jim
Thanks for being here!
definitely
  • #84,907
  • Jan 7, 2011 1:06pm Jan 7, 2011 1:06pm
HERE WE GO GUYS!

i WILL MAKE A DARE ! pLEASE DONT TAKE THIS SERIOUSLY UNTILL PROVEN RIGHT .

gpb WILL GO UP TO 1.58228..... WILL TELL YOU HOW I COME TO THIS CONSLUSION LATER. OF COURSE FIRST BREAK AND TEST 1.55 . BUT THE LEVEL I JUST STATED BASICALLY 50% FIBO RETRACEMENT OF THE ENTIRE FALL FROM 1.63.

i AM LOOKING FOR THIS CORRECTION TO TAKE PLACE THEN ROUND ABOUT THIS LEVEL LETS HAVE A LOOK FOR A DECENT BEARISH PA... sHALL WE.
kEEP IT SIMPLE... oFCOURSE I HAVE MORE REASONS BEHIND IT ...BUT REVEAL IN DUE COURSE OF TIME....

CHEERS v
  • #84,908
  • Jan 7, 2011 1:09pm Jan 7, 2011 1:09pm
Quoting Sjr
Hi Guys, Just wondering if anyone could comment on this Demo trade I took. Didn't look bad at the time but as you can see it failed miserably. All comments welcome.
Here's may take. Take a look at your order line, and the large bearish bar preceding the pin. I see the order line as a recent s/r flip. the bearish bar (with momentum) closed below, which we would now expect to act as resistance. A weak pin followed, and closed below the new flip area. In other words, I think you bought into newly formed resistance.

Hope that helps.
  • #84,909
  • Jan 7, 2011 1:17pm Jan 7, 2011 1:17pm
Hey Mr. PinBar,

found your first post and its glad to know you've come a long way. hehe Cant believe you are giving advice now and this is what your first post said

==
Hi, people.

This is my first post.

My spouse has been trading and posting on this forum for over a year and I decided last December that, as my other half is trading part of our savings & spends a great deal of time studying Forex, I had better gain a little knowledge as to understand at least the basics of what our savings are being invested in.

I completed everything on the Babypips site and found it a fantastic experience, and can hardly believe that it is a completely free site.
I also started to read the J16 thread and have recently finished it and am in awe at the accuracy with which these people are making successful trades.

In another week I will also have completed the 3 month demo trading price action I learned in the J16 thread. Fortunately the results are good but not brilliant & I think I need to post about the trading decisions I am making and interact with people more.

Well, anyway, Good trading to us all.
====
  • #84,910
  • Jan 7, 2011 1:32pm Jan 7, 2011 1:32pm
Quoting Dan Gilbert
It's funny you say this because I have always thought the same thing. I still believe that at times, you have some price action prior to the NFP friday indicating what it will be. I know I have traded some CAD price action in the past that was the day before a big release, and surprise surprise, the PA was correct to how the market responded to the news release....

Jarro, what you talking about? Can you post to a thread where i can read up more on it? Thanks man
  • #84,911
  • Jan 7, 2011 1:49pm Jan 7, 2011 1:49pm
Well guys, its almost weekend..

Just received this video from a friend.. take a look .. lol

http://worldstarhiphop.com/videos/vi...dQvDJLQy55M05q
Trade Smart
  • #84,912
  • Jan 7, 2011 2:34pm Jan 7, 2011 2:34pm
Quoting torontobboy2
Hi Mike,

Here is one more attachement. I do this short-term analysis for every pair, and try to base intraday trades on this looking for PA strategies mentioned in this thread. Please review my analysis and comment.
Much better T, this is what we want to do. Build our story(confluences) around our trades. It comes together much easier that way

Enjoy the weekend all
Mike
  • #84,913
  • Jan 7, 2011 3:28pm Jan 7, 2011 3:28pm
Took this trade off the 4HR this morning technically not a pinbar by one pip but I liked the location and space around it. Price came down and almost took my stop out but missed by one pip Took profit at red line. Have a good weekend enjoy the NFL Playoffs!
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"Whether you think you can or can't, you're right." Henry Ford
  • #84,914
  • Jan 7, 2011 3:51pm Jan 7, 2011 3:51pm
Quoting Scot Pippin'
Took this trade off the 4HR this morning technically not a pinbar by one pip but I liked the location and space around it. Price came down and almost took my stop out but missed by one pip Took profit at red line. Have a good weekend enjoy the NFL Playoffs!
It has good potential till 0.98,if brokes 0.9670.
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Nothing personal,just business
  • #84,915
  • Jan 7, 2011 4:15pm Jan 7, 2011 4:15pm
Quoting Sjr
Hi Guys, Just wondering if anyone could comment on this Demo trade I took. Didn't look bad at the time but as you can see it failed miserably. All comments welcome.
I would consider that a PB by shape only, its engulfed by that huge Bear bar. Make sure the PB wick really sticks out past the previous bars. Also its a little too small to reverse the movement of that bear bar.
  • #84,916
  • Jan 7, 2011 5:28pm Jan 7, 2011 5:28pm
Hey Dudes,
I just wanted to share some of the demo trades I took this week which made profit, all off the daily chart. Most of the charts are marked with my FTA/TP area. Looking for feedback and advice to learn from, as always. Cheers
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chfjpy- daily pin bar.png Size: 48 KB
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Click to Enlarge Name: eurjpy-daily buob.png Size: 47 KB
Click to Enlarge Name: eurjpy-daily pin bar.png Size: 46 KB
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Price is beautiful. A repetitive method is a competitive method.
  • #84,917
  • Jan 7, 2011 5:46pm Jan 7, 2011 5:46pm
New Chart.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #84,918
  • Edited 7:43pm Jan 7, 2011 7:16pm | Edited 7:43pm
Quoting torontobboy2
Hey Mr. PinBar,

found your first post and its glad to know you've come a long way. hehe Cant believe you are giving advice now and this is what your first post said

==
Hi, people.

This is my first post.

My spouse has been trading and posting on this forum for over a year and I decided last December that, as my other half is trading part of our savings & spends a great deal of time studying Forex, I had better gain a little knowledge as to understand at least the basics of what our savings are being invested in.

I completed everything...


Yeah, I remember that.

Great site is babypips......I mean, at that time, I thought an exit was closing the MT4 platform down. LoL

Haaaaaaaaaaaaaaa


It is all due to Jarroo, Mike, Ghous, SC, Seeking Light, J16 and the other great people on the J16 PF.
I was lucky to find them all, as everyone here is.
  • #84,919
  • Jan 7, 2011 7:32pm Jan 7, 2011 7:32pm
Quoting kancha1115
Thank you telling me sir , I missed it.

Reading this thread though,...
Wow....You are almost trading J16's base system without even knowing it!

Looks very, very good and I like the way you are implementing your rules.
I have heard a lot of people on the private forum say, "If they look at it for 10 seconds and it doesn't appeal to them, they pass on it".

I think you are doing exceptionally well and am glad you are posting your charts and methodology. Doing this not only helps the seniors to get a handle on where you are at but, I strongly feel it helps other people.

Great stuff.. Oh, by the way, Just call me Pinbar.....I hate being called Sir, especially before Queen Elizabeth has given me the order of the realm.
Must have slipped her mind, what a slacker she is.
  • #84,920
  • Jan 7, 2011 10:37pm Jan 7, 2011 10:37pm
Quoting nwo-trader
Hey Dudes,
I just wanted to share some of the demo trades I took this week which made profit, all off the daily chart. Most of the charts are marked with my FTA/TP area. Looking for feedback and advice to learn from, as always. Cheers
Great trades buddy !!!

Can you explain how did you take EURAUD and NZDUSD? I could understand the logic behind others.

0908
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