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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

  • #85,081
  • Jan 10, 2011 5:05am Jan 10, 2011 5:05am
Quoting Adilius07
Ohh this is the first time is see something like this. Must have missed this technique. Cool thanks! Well for now I stay away from those setups, really too advanced for me. But still nice to see how they work!

Here is a good example of what I am talking about.
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  • #85,082
  • Jan 10, 2011 5:17am Jan 10, 2011 5:17am
Quoting Pinbar
Here is a good example of what I am talking about.

Bullish PB at a swing High . .pass.

Poor locational IPB . . .pass.


Do the bar breaks through and closes below at the 1.7000 thing . .
Indicators show the past. Price Action "Indicates" the future.
  • #85,083
  • Jan 10, 2011 5:23am Jan 10, 2011 5:23am
Quoting Pinbar
That is not exactly true...If you know when it is a fake out & going against them, can be very profitable.

Ghous, is the man for them.
That isn't exactly an IPB as per my book. I like them at swing points and right at the bottoms and tops of pull backs. That was just a regular pin bar that did what you would expect of a pin bar located so poorly (near a swing high and heading into multiple bar highs) that is find trouble at a 'too close for comfort' first trouble area.

g.
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I believe . . .
  • #85,084
  • Jan 10, 2011 5:25am Jan 10, 2011 5:25am
Quoting jarroo
I'm not impressed . .why don't you do something real clever and DELETE THAT and put up a chart that shows a clearer and better real PB.
Exactly my thoughts. It seems he just wanted to put that up.

g.
I believe . . .
  • #85,085
  • Jan 10, 2011 5:26am Jan 10, 2011 5:26am
Quoting jarroo
Bullish PB at a swing High . .pass.

Poor locational IPB . . .pass.


Do the bar breaks through and closes below at the 1.7000 thing . .


g.
I believe . . .
  • #85,086
  • Jan 10, 2011 5:28am Jan 10, 2011 5:28am
Quoting ghous
Exactly my thoughts. It seems he just wanted to put that up.

g.
Yeah, I think you're right g. He won't stay here long with that garbage.
Indicators show the past. Price Action "Indicates" the future.
  • #85,087
  • Jan 10, 2011 5:31am Jan 10, 2011 5:31am
Quoting jarroo
Bullish PB at a swing High . .pass.

Poor locational IPB . . .pass.


Do the bar breaks through and closes below at the 1.7000 thing . .
Hi jarroo

Agree with your sentiment here so must be thinking right!! Are you seeing any potential setups just now? I cant see much happening at the moment.
  • #85,088
  • Jan 10, 2011 5:31am Jan 10, 2011 5:31am
Quoting ghous
That isn't exactly an IPB as per my book. I like them at swing points and right at the bottoms and tops of pull backs. That was just a regular pin bar that did what you would expect of a pin bar located so poorly (near a swing high and heading into multiple bar highs) that is find trouble at a 'too close for comfort' first trouble area.

g.

Yes, I think you are right Ghous.

This is a much better example, I think.
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  • #85,089
  • Jan 10, 2011 5:34am Jan 10, 2011 5:34am
Anyone help please
The double bar high on the chart has a higher close on the right hand bar so does that invalidate it as a potential short ?
Also the ppz brn and tl are they too far away too be counted as strong confluence ?
Cheers
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  • #85,090
  • Jan 10, 2011 5:36am Jan 10, 2011 5:36am
Quoting jarroo
Bullish PB at a swing High . .pass.

Poor locational IPB . . .pass.


Do the bar breaks through and closes below at the 1.7000 thing . .

Right, I see what you mean..
That is another reason, I stay away from them.


Just 2 more posts Jarroo.
  • #85,091
  • Jan 10, 2011 5:38am Jan 10, 2011 5:38am
Quoting Kalbar
Hi jarroo

Agree with your sentiment here so must be thinking right!! Are you seeing any potential setups just now? I cant see much happening at the moment.

I don't see anything that stands out either, Kal.
Indicators show the past. Price Action "Indicates" the future.
  • #85,092
  • Edited 5:51am Jan 10, 2011 5:38am | Edited 5:51am
Quoting Pinbar
Right, I see what you mean..
That is another reason, I stay away from them.


Just 2 more posts Jarroo.

Gotta go gang


Later,





Jim



Sorry Pb I really got to go . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #85,093
  • Jan 10, 2011 5:39am Jan 10, 2011 5:39am
Quoting Pinbar
Yes, I think you are right Ghous.

This is a much better example, I think.
This was just an absolute beauty! I stop at this whenever I am scrolling back my charts. EVERY SINGLE TIME. Its just that good.



g.
I believe . . .
  • #85,094
  • Jan 10, 2011 5:41am Jan 10, 2011 5:41am
Quoting jarroo
Gotta go gang


Later,


Jim


Nooooooooooooooooooooooo Jim..Just one more post.
  • #85,095
  • Jan 10, 2011 5:43am Jan 10, 2011 5:43am
Quoting grahamec
Anyone help please
The double bar high on the chart has a higher close on the right hand bar so does that invalidate it as a potential short ?
Also the ppz brn and tl are they too far away too be counted as strong confluence ?
Cheers
Hey G,

You actually should be looking for the DBHLC that is 2 pair of bars with matching highs and the latter bar closing lower than the former bar.

So technically this no PA setup at all.

About the location, I would not count the MA as confluence there. For it to be confluence it has to be very close...or better still at the PA bar. That distance between the highs of the bars and your MA is a little too much. Then again there is no PA setup at all so it doesn't really matter much anyways.

g.
I believe . . .
  • #85,096
  • Jan 10, 2011 5:44am Jan 10, 2011 5:44am
Quoting jarroo
Gotta go gang


Later,


Jim
you should wrote 1 more post

PS: just saw that Pinbar and i have the same thoughts. LOL
  • #85,097
  • Jan 10, 2011 5:44am Jan 10, 2011 5:44am
Quoting Pinbar
Nooooooooooooooooooooooo Jim..Just one more post.
...
I believe . . .
  • #85,098
  • Jan 10, 2011 5:44am Jan 10, 2011 5:44am
Quoting jarroo
Hey Be Cool,

That discussion came from this important post from James16 . ."This is Critical"




This applies to this set up perfectly, although I would like to see the 4 hour PB be a bit more bolder or bigger and a little less traffic.

A false break out may occurr, which would probably be caused from hitting its target(s).

Jarroo

just wanted to ask what was your critique of the daily PB at the swing low on this pair? Would you have considered this? Good close above the BRN.
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  • #85,099
  • Edited 5:57am Jan 10, 2011 5:45am | Edited 5:57am
Ah well,,,,,I will be in bed when he gets back and I wanted to congratulate him.

EDIT: I just cracked a bottle of Bordeaux to celebrate so, I will be in bed when Jim gets back.



Congratulations Jim!



Man, there must be a lot of happy people around that you have taught over the years Jim!
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  • #85,100
  • Jan 10, 2011 5:46am Jan 10, 2011 5:46am
Quoting ghous
Hey G,

You actually should be looking for the DBHLC that is 2 pair of bars with matching highs and the latter bar closing lower than the former bar.

So technically this no PA setup at all

g.
Thanks ghous
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