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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

  • #86,041
  • Jan 17, 2011 7:40am Jan 17, 2011 7:40am
Quoting ppfx
Nice one Greenhaze.

Its similar to the trade i took on NU. A retrace off a nice PPZ area is always good.

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TA broken, stops moved...

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  • #86,042
  • Jan 17, 2011 7:48am Jan 17, 2011 7:48am
Quoting ppfx
TA broken, stops moved...

Attachment
looking good ppfx i might have taken the break of this little triangle myself if i had not been at work

did you take anything of the table yet??

jon
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PATIENCE... DISCIPLINE
  • #86,043
  • Jan 17, 2011 7:49am Jan 17, 2011 7:49am
Quoting Publius
Hello.

Could you please give me some hints here. I took the pin, I lost. It was nice, had space... No confluence, but James described such pins as nice despite no confluence.

Generally my question is - did I do something wrong or it was just one of those natural losers?
This one was pretty crappy pb with not much space till FTA. Last swing 50% fib acted as a support. It looks like it was bear trap and most stops triggered already. This RES area is preatty wide so there are still good chances for some reaction. Stand on your toes and wait for some clues
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  • #86,044
  • Jan 17, 2011 7:50am Jan 17, 2011 7:50am
Ghous / Jarroo,

Was this an IPB as well on the EJ on Friday (Daily Candle)?

It was at a 50% FIB RET - Pullback it seems. The high of the candle was higher than the previous candles.

Was this tradeable according to your rules?

0908

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  • #86,045
  • Jan 17, 2011 7:56am Jan 17, 2011 7:56am
Quoting menomoo
well very good question ! Why you wana be a trader !

PLEASE WATCH !


We all need to be aware the issues of while we do trading and nothing will beat to have right reasons to do anything you wana do in life...

Enjoyyy!!!


And Nothing wrong with trading , except maybe some wrongs be attached if not aware... Cheer Vito,,

Here is the Link of the video ...

Tell me why you want to become a trader. )))
lmao class!
That Stephen Hawkins knows EVERYTHING!!!!
PATIENCE... DISCIPLINE
  • #86,046
  • Jan 17, 2011 7:56am Jan 17, 2011 7:56am
Hi

Is it recommended to trade Inside Bars / I4Bs on H4 TFs at BRNs?

This is EURAUD on the H4. Was this tradeable the way Dan does it? Though price was not consolidating in this area.

0908

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  • #86,047
  • Jan 17, 2011 7:59am Jan 17, 2011 7:59am
EU Spike at strong daily RES. Breakout of the H4 support base , pullback and PA on M5 TF.
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  • #86,048
  • Jan 17, 2011 8:02am Jan 17, 2011 8:02am
Quoting g_j_hook@yah
looking good ppfx i might have taken the break of this little triangle myself if i had not been at work

did you take anything of the table yet??

jon
Thanks.

Yes i closed 1/3 of the position at 0.7725 (second chart).
  • #86,049
  • Jan 17, 2011 8:10am Jan 17, 2011 8:10am
Quoting jarroo
Hey Sr2

I believe the wizard was referring to the #NGG1 on Fx Pro . .(chart)

Also . . I didn't mean to be so short in my post about your hard work you did in the post below.

Thanks for the hard work and time you spent on this . ..


Thank you, Sr2 . . .


Jim

Thanks for that Jim...appreciate it.

WOW is all I can say...just looking at that chart makes think forget about all other PA patterns apart from BEOB and BUOB and you have a "system" which would annihilate over 90% of the commercial systems out there!

Thanks for posting it and thanks to all the seniors (you know who you are).

I can see I am going to have to spend even more time looking at this

SR2

ps. I am the one who is not
  • #86,050
  • Jan 17, 2011 8:12am Jan 17, 2011 8:12am
Quoting Ifmyante
Here here SR, that was such a massive undertaking. Thank you so much.

And what staggering results!
Thank you sir!

  • #86,051
  • Jan 17, 2011 8:14am Jan 17, 2011 8:14am
Quoting Adilius07
Sr2, thank you very much for your detailed analysis. Well, if we add some confluences now like RN, space and bar size - just these should be more than enough to bring us to profitability? Looks so to me. Really this sometimes looks so easy to me that it just honestly surprises me why am I still cannot prove it with my performance. There must be some bug in my trading....
No problem...you are welcome.

Like I said I didn't even look at PPZ, confluence, etc. Add those in and you have a recipe for success in this business!
  • #86,052
  • Jan 17, 2011 8:15am Jan 17, 2011 8:15am
Quoting Greenhaze
EU Spike at strong daily RES. Breakout of the H4 support base , pullback and PA on M5 TF.
hi GH, i dont play continuation setups like this but it looked a very risky trade to me?? runnin straight into a RN and PPZ from what imho is a pretty weak signal?

jon
PATIENCE... DISCIPLINE
  • #86,053
  • Jan 17, 2011 8:22am Jan 17, 2011 8:22am
Quoting g_j_hook@yah
hi GH, i dont play continuation setups like this but it looked a very risky trade to me?? runnin straight into a RN and PPZ from what imho is a pretty weak signal?

jon
Well defined support on m5 and continuation beob on the same tf with good RR is enough for me. I am still playing h4 pullback and retest but on lower tf. I took half of the table at the 1.33 brn. right now i've added some more on the retest of 1.3295 resistance.
  • #86,054
  • Jan 17, 2011 9:05am Jan 17, 2011 9:05am
My C/J demo trade I posted a few pages back was stopped out. Not a real surprise. I'm glad overall i tried it out. Need to practice these mediocre setups
Many choose unhappiness over uncertainty.
  • #86,055
  • Jan 17, 2011 9:08am Jan 17, 2011 9:08am
Quoting Greenhaze
Well defined support on m5 and continuation beob on the same tf with good RR is enough for me. I am still playing h4 pullback and retest but on lower tf. I took half of the table at the 1.33 brn. right now i've added some more on the retest of 1.3295 resistance.
hey GH,thanx. sorry im not criticizing but i still dont understand?? but if it works for you all is well

jon
PATIENCE... DISCIPLINE
  • #86,056
  • Jan 17, 2011 9:13am Jan 17, 2011 9:13am
Quoting g_j_hook@yah
hi Publius, the first thing that jumps right out at me is the tiny size of that bar.That was quite a strong move up and to expect such a small bar to be the reversal signal would be misplaced imo. Also notice that it closed ABOVE the RN 1.5200, this is likely to hamper the move as it first has to break this ppz to get any legs. I also have a problem with the bar shape, it had a very weak close which for me is a no no in this kind of situation. when the story is lacking any real substance i personally would like the pin bar to close much lower and...
g_j_hook@yah and Greenhaze - thank you very much it was helpful. I'm afraid I know those thing and I entered the trade anyway... my mistake, but I'm on the rigth path!
  • #86,057
  • Jan 17, 2011 9:32am Jan 17, 2011 9:32am
Quoting Dan Gilbert
My C/J demo trade I posted a few pages back was stopped out. Not a real surprise. I'm glad overall i tried it out. Need to practice these mediocre setups
I just took a longshot @ your PB on a demo (I don't like this choppy pair), entry on a 2 bar compounded PB, refined entry on the 30m-TF, a preemptive type of breakout trade of that PB .........
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Pipcrawler
  • #86,058
  • Jan 17, 2011 9:35am Jan 17, 2011 9:35am
Quoting g_j_hook@yah
hi Graham, ppfx has made some good comments on this but i just wanna say also that the VBRN doesnt really come into play here in the sense that it wasnt really tested by that bar, on my feed it was a good 20+pips short. Mike recently explained that even 2 pips away is not close enough for him generally speakin, but for me also 20+ pips is way too far away to get any real idea of the order flow at that price
also imho " it might stand a fair chance." = PASS. interesting to watch though...
Hi Jon
Thanks very much for your valued opinion, so a pb has to be much closer to a brn or vbrn to be taken into account.
" it might stand a fair chance." = PASS. Excellent advice I will remember that.
Regards
Grahame
  • #86,059
  • Jan 17, 2011 9:36am Jan 17, 2011 9:36am
happy bday to our friend Ghous!

The ripe OLD age of 21

Enjoy buddy
  • #86,060
  • Jan 17, 2011 9:39am Jan 17, 2011 9:39am
Happy Birthday Ghous

Thanks for your great help
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