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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

  • #85,741
  • Jan 14, 2011 7:43am Jan 14, 2011 7:43am
Quoting g_j_hook@yah
eu/us and eu/gb have both printed 4h pin bars by proxy, they must have wanted to post examples lol
i like the eu/gb best but would love to hear any other views.
will post a chart when my pc stops playing up

jon
Hi,sir.

I like EURGBP`s best too.
I think other member will talk about PPZ
,,, so I will try in other view( only on Emas

charts(FXDD)
EURUSD 4h
EURGBP 4h

3EMAs are10(blue)/25/50
I think EMAs on EUchart looks a little strong for short(steep angle of EMAs)
in the meantime, I think it`s good for short on EGchart(gentle angle of EMAs)

Thanks for reading sir.

Ken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h.gif Size: 34 KB
Click to Enlarge Name: eg4h.gif Size: 30 KB
  • #85,742
  • Jan 14, 2011 7:44am Jan 14, 2011 7:44am
15 min beob . Attention everyone.
  • #85,743
  • Jan 14, 2011 7:46am Jan 14, 2011 7:46am
iT IS OFFICIAL RIGHT NOW ! THIS MIGHT BE A CONTINUATION PATTERN OF THE 4 HOURLY PIN BAR .

ESPECIALLY SO IF IT BREAKS THE LOW.

cHEERS VITO
  • #85,744
  • Jan 14, 2011 7:46am Jan 14, 2011 7:46am
Quoting g_j_hook@yah
eu/us and eu/gb have both printed 4h pin bars by proxy, they must have wanted to post examples lol
i like the eu/gb best but would love to hear any other views.
will post a chart when my pc stops playing up

jon
charts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly.gif Size: 22 KB
Click to Enlarge Name: daily.gif Size: 30 KB
Click to Enlarge Name: 4hour.gif Size: 24 KB
PATIENCE... DISCIPLINE
  • #85,745
  • Jan 14, 2011 7:51am Jan 14, 2011 7:51am
Quoting kancha1115
Hi,sir.

I like EURGBP`s best too.
I think other member will talk about PPZ
,,, so I will try in other view( only on Emas

charts(FXDD)
EURUSD 4h
EURGBP 4h

3EMAs are10(blue)/25/50
I think EMAs on EUchart looks a little strong for short(steep angle of EMAs)
in the meantime, I think it`s good for short on EGchart(gentle angle of EMAs)

Thanks for reading sir.

Ken
thanx kancha, interesting how you use the EMAs, thanx for sharing.

jon
PATIENCE... DISCIPLINE
  • #85,746
  • Jan 14, 2011 7:52am Jan 14, 2011 7:52am
I;ve averaged into this position based on the 4HR pb, take profit at the Daily Pivot.
Attached Image
"Whether you think you can or can't, you're right." Henry Ford
  • #85,747
  • Jan 14, 2011 7:56am Jan 14, 2011 7:56am
Quoting menomoo
iT IS OFFICIAL RIGHT NOW ! THIS MIGHT BE A CONTINUATION PATTERN OF THE 4 HOURLY PIN BAR .

ESPECIALLY SO IF IT BREAKS THE LOW.

cHEERS VITO
lol, i also was watching that little bar. i think it is a good time to wait for US open though. price often takes its direction for the rest of the day then. It can often reverse the trend or continue to add momentum to the existing one. I do like the fact that we are now below the days open again after that spike to
.8500.....lets see what happens...
jon
PATIENCE... DISCIPLINE
  • #85,748
  • Jan 14, 2011 8:03am Jan 14, 2011 8:03am
Quoting jarroo
Touch trades can be a very smart play but imo I like the PA confirmation.

But . . . let me post this chart from James16, you can see what happened days later. .practise, practise, practise
Not really looking for a touch trade, I was just wondering it that BOUB would have been a buy signal for the retrace of the break. Or should it have come closer to the PPZ? Not sure if I should sit and wait for a better PA formation.
  • #85,749
  • Jan 14, 2011 8:11am Jan 14, 2011 8:11am
Quoting Adilius07
Good looking 2hour PB on Dow Jones 30 Index...
hi adil
the dow future is currently -36 points and therefore this bar will very likely not break...
anyway it looks good.
meine augen sind die sterne
  • #85,750
  • Jan 14, 2011 8:11am Jan 14, 2011 8:11am
sorry for the late reply.. my 'PC time' yesterday was limited..
not really sure if u got replies.
anyway, here are mine
Quoting Bethel
Hi supreme...
Anyway guys, im looking at Eur/Jpy daily, seems like a potential, need to see how it reacts at the PPZ, what do you guys think?
not sure what u mean with your Q, Bethel. (u didnt attach a chart)
anyway, 110 was reached as i expected.
price is now above it.
i see possibility of pullback to 110. depending on how we close later/weekend, we may see 113 area next week easily, we might get around 111.50 area... or perhaps consolidate first (108.00 - 110 area).

Quoting fxarcher
Hi Again
What about the Cad JPY Daily as attached for a Short?
..Should I enter about 15 pips below the last day candle at 83.66?
Or would a more agressive entry be @ the50% Fib level of the last candle?
Or should I not consider this trade because the PB is marginal looking?
First trade @ 100% to the 150 EMA then 50% @ BE to a Daily PPZ?
..
on IBFX, it looked like that, a doji, too.
if u traded it, u would've had minor drawdown... relatively smooth move down towards 83.00area.

anyway, to answer your Q's,
your potential entry @83.66 was below a PPZ, which u easily identified.
my concern is that u might experience price chopping/ranging around 83.00 - 83.70 area (see the 5 bars prior that 'pinbar'; potential trouble area even upto your orange/chocolate/tomato-colored 150ema). so if u were/did trade this, u would want a smooth or momentum filled move downward (which pretty much happened towards 83.00)
personally i would've & often trade at lower TFs (M15 - H4). often before i dismiss/reject an ugly looking bar, such as this doji/'pinbar', i take a look at the lower TFs to see what kind of PA has taken place.
remember, your entries, exits, trade&risk management will depend entirely on your trading style, psychology & personality. this is why i left your other Q's unanswered.

Quoting fxarcher
Hi Again
Would I be correct in assuming that this counter trend IB trade is to marginal since the most likely target is only a few pips away @ the Daily PPZ?
Thanks
it may look countertrend long-term, but look at what direction all the IBs from late Jan.10 broke? yes. they broke upward
so, that should tell u that the current (short term) trend is up.

btw, PPZ's are penetrable walls. PPZs can only do 2 things: break or act as barrier. that's why we have people saying 'support turning into resistance' or vice versa ----a former PPZ that held price in the past has currently allowed price to pass through.
  • #85,751
  • Jan 14, 2011 8:11am Jan 14, 2011 8:11am
AUDNZD Daily InsideBar(2011,1,13(FXDD)
Previous post on this pair#85754

update
I closed　2/3 position at orange rectangle(above)
because I don`t want to go into weekend ,holding all of this.
and for the left position(1/3) I set TP at orange rectangle(below/around 1.28)

Note: I trade this PA by a specific way(my original way, not j16 method)
and this chart is only just for an entertainment .
hope someone enjoy ithttp://cdn.forexfactory.com/images/s.../yim/happy.gif

Thanks for reading

Ken
Attached Image (click to enlarge)
Click to Enlarge Name: 114 anzd d update.gif Size: 33 KB
  • #85,752
  • Jan 14, 2011 8:12am Jan 14, 2011 8:12am
Quoting aserbfx
hi adil
the dow future is currently -36 points and therefore this bar will very likely not break...
anyway it looks good.
yeah man! I'm crazy, was just switching through my charts and comepletely lost the time zone difference again. This is invalid of course! Sorry.

EDIT: I deleted that post to avoid any confusion.

EDIT2: It thought it was a real time chart. So just ignore it.
  • #85,753
  • Jan 14, 2011 8:15am Jan 14, 2011 8:15am
Quoting jarroo
Interesting, don't you think spook . .

IPB on the the Hourly was a good confirmation . .a touch trade with confirmation . .right ghous . .
yeah, too bad I was sleeping
  • #85,754
  • Jan 14, 2011 8:18am Jan 14, 2011 8:18am
Quoting supremeChaos
sorry for the late reply.. my 'PC time' yesterday was limited..
not really sure if u got replies.
anyway, here are mine

not sure what u mean with your Q, Bethel. (u didnt attach a chart)
anyway, 110 was reached as i expected.
price is now above it.
i see possibility of pullback to 110. depending on how we close later/weekend, we may see 113 area next week easily, we might get around 111.50 area... or perhaps consolidate first (108.00 - 110 area).
hi SC, i guess we can say the gb/us broke that wedge/triangle on the daily eh lol. wot do u think, next stop 1.6000??

jon
PATIENCE... DISCIPLINE
  • #85,755
  • Jan 14, 2011 8:19am Jan 14, 2011 8:19am
Is this a "Pin bar"? I have read/scanned this post trying to understand this "Price Action" method only to end up in frustration when I try to play a perceived PA candlestick formation. Can someone please give me a simple definition of what these chart formations look like? I have been trying to combine these with Fib Ret levels, as you can see in the pic, but with no success. Please help!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.jpg Size: 124 KB
  • #85,756
  • Jan 14, 2011 8:23am Jan 14, 2011 8:23am
Just wondering. If I have 2% Risk, that means Oanda will let me open 50 trades simultaneously or 100? (margin considered)?
Just imaginary. Just trying to understand..
  • #85,757
  • Jan 14, 2011 8:24am Jan 14, 2011 8:24am
Quoting the_wizard
Try BUOBs and BEOBs on Natural Gas Daily chart. You will not believe what you find.
Thanks wizard. Can you tell me details of how I can look at Natural gas charts? I don't alpari provide these prices. I've predominantly concentrated on FX over the last few years and would like to move into commodities, etc?

Thanks
SR2
  • #85,758
  • Jan 14, 2011 8:25am Jan 14, 2011 8:25am
Quoting rd122481
Is this a "Pin bar"? I have read/scanned this post trying to understand this "Price Action" method only to end up in frustration when I try to play a perceived PA candlestick formation. Can someone please give me a simple definition of what these chart formations look like? I have been trying to combine these with Fib Ret levels, as you can see in the pic, but with no success. Please help!
really hard to see what is it.
can you put that vertical line away or zoom in the chart?
  • #85,759
  • Jan 14, 2011 8:25am Jan 14, 2011 8:25am
Quoting Adilius07
yeah man! I'm crazy, was just switching through my charts and comepletely lost the time zone difference again. This is invalid of course! Sorry.

EDIT: I deleted that post to avoid any confusion.

EDIT2: It thought it was a real time chart. So just ignore it.
Adi, you crack me up bro!!

no offense meant

jon
PATIENCE... DISCIPLINE
  • #85,760
  • Jan 14, 2011 8:29am Jan 14, 2011 8:29am
Quoting g_j_hook@yah
Adi, you crack me up bro!!

no offense meant

jon
I see pinbars everywhere man, even when market is closed or when there is not market at all

And seriously (!!!) I saw a dream a few nights ago where I was picking just a fantastic bearish PB right off the VBRN with perfect shape and size, I posted the chart here and Mike (for sure I remember it was him) said something like "looking very nice Adi..." Can you imagine this? Do normal people see dreams like that? Hmmm
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