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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

  • #86,681
  • Jan 22, 2011 1:40am Jan 22, 2011 1:40am
Quoting aserbfx
yes, and it is making money now.
stop at be + 2
Indeed it is I entered a micro trade at break of the 'pin bar' (only technically it may not be, given it failed to close inside the previous candle).

Anywho, what figure would equates to a 'break even' profit in this scenario? Does break even mean an r:r of 1:1?

What do you you mean by 'break even +2'? Risk:Reward of 1:2?

Danke.
  • #86,682
  • Jan 22, 2011 1:55am Jan 22, 2011 1:55am
Quoting 5.25
Indeed it is I entered a micro trade at break of the 'pin bar' (only technically it may not be, given it failed to close inside the previous candle).

Anywho, what figure would equates to a 'break even' profit in this scenario? Does break even mean an r:r of 1:1?

What do you you mean by 'break even +2'? Risk:Reward of 1:2?

Danke.
it just means that your put your stop loss 2 pips below (here: below) your entry. bitte schön
meine augen sind die sterne
  • #86,683
  • Jan 22, 2011 2:14am Jan 22, 2011 2:14am
Quoting bluetrader
Hey 5, what's up.

Since it failed to close below the previous high, it is not a valid pin bar. The location is nice however, as you noted.

-- Danny
Hey Danny,

Thanks for confirming. Is it fair to say that the 4h chart on the same pair looks like a more convincing setup?

Can one justify entering the Daily 'pin' with a 4h 'pin' for confirmation in this particular example? Or should one work within the 4h time frame alone?

Tomek
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  • #86,684
  • Jan 22, 2011 2:33am Jan 22, 2011 2:33am
Quoting aserbfx
it just means that your put your stop loss 2 pips below (here: below) your entry. bitte schön
Pfff I get it!

I went on a tangent with Risk:Reward ratio! I assume you mean that one should now place a stop loss 2 pips below the entry so that if the market reacts and goes against the trade it's nullified, a scrap trade.

Understood.
  • #86,685
  • Jan 22, 2011 3:05am Jan 22, 2011 3:05am
first close above the rectangle. nice breakout.
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meine augen sind die sterne
  • #86,686
  • Edited 3:38am Jan 22, 2011 3:15am | Edited 3:38am
Quoting nwo-trader
Great song PB - Any chance you have seen their "Stop Making Sense" video concert from 1984? I am a fan personally, way ahead of their time.

Yeah, I have all their videos. Yeah, I saw that concert but can't remember where on the planet it was, I was so blitzed.


I'll continue to study and learn from everything posted here, and I've much to learn, especially with regards to taking only A++ setups.
I am glad you will stay and learn NT...Traders seem to have such horrible taste in music. I am glad we have another Talking Heads fan and not another ABBA fan. Must now I have said that word.

I think "Take me to the river" is the sexiest song I have ever heard.

You can tell, I had what some may call a "misspent youth". Lol, I think it served me rather well actually.
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  • #86,687
  • Jan 22, 2011 4:00am Jan 22, 2011 4:00am
texas instruments arrived at the 61.8% / round number 35 usd.
forming a weekly pinbar. the close is a little weak. stop loss above 35 usd and fta at about 31.50 usd result in a good r:r.
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meine augen sind die sterne
  • #86,688
  • Jan 22, 2011 4:03am Jan 22, 2011 4:03am
Thanks for reminding ! I love that song and the band .. Good one !

Cheers

Vito
  • #86,689
  • Jan 22, 2011 4:06am Jan 22, 2011 4:06am
Quoting menomoo
Thanks for reminding ! I love that song and the band .. Good one !

Cheers

Vito

Good for you MM.
  • #86,690
  • Jan 22, 2011 5:24am Jan 22, 2011 5:24am
Quoting jarroo
Yeah that's a good one, chap . .lol

I got some others. .

"The Path of Price"

"When Price Action Breaks . . ."

"The Fullfillment of Price "

"Outside Bars Rule!"

how about....

Mike Inside the Outside Bar...
Price, Pins n Pips..
Takin Pips from PA...
Jims Pins n Price...
Through Jarroos PPZs...
Up,Close,Down,Bounce..Jarroo on Price...
Trade Along With Jon...Basic PA Methods...
Pinbar on Pinbars...
You cant Loose with Ghous...
No More Losses With Ghous' Method...
Trading the Pin in Pinocchio....
Pinocchio cant lie now!!...



ok thats enough...
jon
PATIENCE... DISCIPLINE
  • #86,691
  • Jan 22, 2011 5:25am Jan 22, 2011 5:25am
Quoting jarroo
So what did you think about PBT&CA, Res to Sup and the 1.3400 ish?
What is PBT&CA short for ?
  • #86,692
  • Jan 22, 2011 5:29am Jan 22, 2011 5:29am
Quoting billm
What is PBT&CA short for ?
=Price Breaks Through and Closes Above.
PATIENCE... DISCIPLINE
  • #86,693
  • Jan 22, 2011 5:51am Jan 22, 2011 5:51am
two week pinbar on jds uniphase.
the friday candle closed at daylow.
comments appreciated!
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meine augen sind die sterne
  • #86,694
  • Jan 22, 2011 6:03am Jan 22, 2011 6:03am
Quoting aserbfx
two week pinbar on jds uniphase.
the friday candle closed at daylow.
comments appreciated!
Hi Aserbfx,

The first thing coming to my mind when looking at this chart is the strong up momentum. This double week pin doesnt tell anything , doesnt close below any particular support. Seeing such strong momentum i would rather look for opportunities to go long.
  • #86,695
  • Jan 22, 2011 6:07am Jan 22, 2011 6:07am
Quoting Pinbar;4334700...Traders seem to have such horrible taste in music. I am glad we have another Talking Heads fan and not another ABBA fan. Must <img data-emoji="nauseated_face" alt="" width="18" height="18" loading="lazy" class="emoji" src="https://resources.faireconomy.media/images/emojis/64/1f922.png?v=15.1"> now I have said that word.<br /> [URL
http://www.youtube.com/watch?v=25E0ACkA6uo[/url]
Hey PB

My favourite band Radiohead took their name from one of TH songs.
I love this one:

Inserted Video


I am not an ABBA fan but they had some interesting song arrangements so i wouldnt puke on them. I would puke on KANE WEST or most of those "I am the center of universe , and i dont give a rats ass about anyones music becouse me and mine korg triton can do things you can only dream of , i dont know how to sing but i got autotune OMGOMGOMG" fake hip hop starts now days.
  • #86,696
  • Edited 6:52am Jan 22, 2011 6:11am | Edited 6:52am
Hi all

Here's a pair which is hovering around parity, and my very limited knowledge of the markets tells me it's time for some major decisions.

I, and I'm sure, all those shorting Wednesday's daily PB would love to get some expert opinions on the big picture.

I've taken out all PPZ's and BRN's, only for the sake of visual clarity.


Maybe some breakout experts could give their opinions on this pair for a possible carry trade. I know around such a VBRN it may decide to range for a while, but does it not look more wedge than rectangle? There's a tighter wedge you could draw on the daily, and that's been breached too.


PA experts, what effect do you think tomorrow night's weekly close may or may not have on the future? Do you think there are any big obstacles before, let's say, .9536? Could 2008's high of .9849 be VERY big support? Are there any indications at all towards a bullish move?

GMMA experts, what's going on?
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  • #86,697
  • Jan 22, 2011 7:41am Jan 22, 2011 7:41am
Quoting Ifmyante
Hi all

Here's a pair which is hovering around parity, and my very limited knowledge of the markets tells me it's time for some major decisions.

I, and I'm sure, all those shorting Wednesday's daily PB would love to get some expert opinions on the big picture.

I've taken out all PPZ's and BRN's, only for the sake of visual clarity.


Maybe some breakout experts could give their opinions on this pair for a possible carry trade. I know around such a VBRN it may decide to range for a while, but does it not look more wedge than rectangle?...
Pls see the monthly chart as per my understanding.. Also notice the divergence..
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Trading is a test match not a Twenty20.
  • #86,698
  • Jan 22, 2011 9:34am Jan 22, 2011 9:34am
Quoting Pinbar
I am glad you will stay and learn NT...Traders seem to have such horrible taste in music. I am glad we have another Talking Heads fan and not another ABBA fan. Must now I have said that word.

I think "Take me to the river" is the sexiest song I have ever heard.

You can tell, I had what some may call a "misspent youth". Lol, I think it served me rather well actually.
http://www.youtube.com/watch?v=25E0ACkA6uo
Thats pretty incredible that you met David and kept in touch via email - what's he like?
The whole stop making sense video is really funny and cool, especially the sexy women dancers haha, he's a pretty awkward character on stage, but he comes off pretty smart, he was on either the Daily Show and or the Colbert Report within the last year or two. He pulls out the huge suit in that concernt lol :-)

http://img.youtube.com/vi/dE-mxVxFXLg/0.jpg
Price is beautiful. A repetitive method is a competitive method.
  • #86,699
  • Jan 22, 2011 9:45am Jan 22, 2011 9:45am
Quoting Pinbar
Well, that is what I thought about it. LoL

I seem to remember you previously saying a PPZ can be 2-300 pips in width?

If you are asking me what I think about how you went about working out that area. I think it shows us, that we can plan a possible area to look for some serious PA that may help us catch a trend change or very decent runner, days or even weeks in advance.
Here's a chart from James that I reviewed last night which reminded me of your post here.
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Price is beautiful. A repetitive method is a competitive method.
  • #86,700
  • Jan 22, 2011 10:01am Jan 22, 2011 10:01am
Quoting Greenhaze
Hey PB

My favourite band Radiohead took their name from one of TH songs.
I love this one:

http://www.youtube.com/watch?v=cpHaFmVacl0

I am not an ABBA fan but they had some interesting song arrangements so i wouldnt puke on them. I would puke on KANE WEST or most of those "I am the center of universe , and i dont give a rats ass about anyones music becouse me and mine korg triton can do things you can only dream of , i dont know how to sing but i got autotune OMGOMGOMG" fake hip hop starts now days.
Good call on Radiohead GH, they are probably my favorite band too. I saw
their concert in Montreal in august 2008, with like 40000 people it was pretty intense. Of course I was way to intoxicated and was given the boot, but I think part of it was I look extremely young for my age. I get carded and double carded all the time, even last night.
Price is beautiful. A repetitive method is a competitive method.
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