james16 Chart Thread | Page 4385 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #87,681
  • Feb 2, 2011 9:54am Feb 2, 2011 9:54am
Quoting mbqb11
Hey Sammy

Since the 4hr is only 4 hours of data you will have lots of inside bars. They are super tricky to play let alone on the lower timeframes. I suggest sticking to (like James) daily/weekly especially when trying to learn a tricky bar like the inside bar. Remember all this inside bar represents is a consolidation of price. So by trading this one we would simply be trading a breakout of the last 4hrs of data. There isn't much else to go on her in terms of confluence we are just sort of trending higher. If you have some s/r, PPZ, other stuff...

Thank you Mike. I will stick to the higher time frames for now. I'm trying to run before I can walk.
  • #87,682
  • Feb 2, 2011 10:15am Feb 2, 2011 10:15am
a very nice breakout >40 usd. has potential for further upmoves.
long per buy stop since 40.01 usd; 1/3 off and stop moved to break even.
Attached Image (click to enlarge)
Click to Enlarge Name: dis3.gif Size: 25 KB
meine augen sind die sterne
  • #87,683
  • Feb 2, 2011 10:21am Feb 2, 2011 10:21am
Quoting ghous
The bar you pointed out is basically just an inside bar.

g.
That's what she called it
  • #87,684
  • Feb 2, 2011 10:28am Feb 2, 2011 10:28am
Quoting mbqb11
That's what she called it
right...I am seeing things.

Sorry folks its gotta be the the crabs on the stove that have my attention...my bad.

g.
I believe . . .
  • #87,685
  • Feb 2, 2011 10:30am Feb 2, 2011 10:30am
Quoting ghous
right...I am seeing things.

Sorry folks its gotta be the the crabs on the stove that have my attention...my bad.

g.
hahah yum, enjoy it bud
  • #87,686
  • Feb 2, 2011 11:15am Feb 2, 2011 11:15am
Quoting mbqb11
hahah yum, enjoy it bud
I owe you a lot more than a crab.

Have some Mike...



g.
Attached Image (click to enlarge)
Click to Enlarge Name: 67444497_41de6aa150_o.jpg Size: 244 KB
I believe . . .
  • #87,687
  • Feb 2, 2011 11:15am Feb 2, 2011 11:15am
what do you think if it close like a pinbar?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 20 KB
  • #87,688
  • Feb 2, 2011 11:35am Feb 2, 2011 11:35am
Dave,

Just looking at the bar in general, it is too small for me. We want to see large bars at good locations. If it closed as is, it would also be a pretty weak close(struggling to close within the prior bar). ALso notice the size of it compared to the previouse two bars.

I also think maybe 1.63 is a better area to watch. I personally only take PA off of Big Round Numbers taken from the book of Mike. So I would probably be looking to trade off of 1.65.

Nice name my name is Dave too.

Quoting DaveI
what do you think if it close like a pinbar?
  • #87,689
  • Feb 2, 2011 12:13pm Feb 2, 2011 12:13pm
Quoting DaveI
what do you think if it close like a pinbar?
Hi Dave,

IMHO, the bar is too small, before we had two big daily bullish bars.. so based on only PA ill need a biiiiig bar and basically there is no other confluence.

Right now the bar seems like its just a Bullish bar as the close is oustide previous bar high and imo its just fighting against the weekly trendline as you can see on the chart.

For a bearish move, ill want to see just in PA:
1) hugeee bar
2) close inside the weekly trendline
3) Rejection off the 1.6250, see chart attached.

And more confluences, like divergence, ema, fibs etc..

Hope this helps.

Os.
Attached Image (click to enlarge)
Click to Enlarge Name: guweekly.jpg Size: 105 KB
Trade Smart
  • #87,690
  • Feb 2, 2011 12:17pm Feb 2, 2011 12:17pm
If it managed to close above 1.3 it will be my next victim...
Attached Image (click to enlarge)
Click to Enlarge Name: 020211_eurchf.gif Size: 16 KB
  • #87,691
  • Feb 2, 2011 12:45pm Feb 2, 2011 12:45pm
Quoting DaveI
what do you think if it close like a pinbar?
Hey Dave,

Aside from what the others have already said, notice how the pin bar doesn't add to the story around. What we've basically seen is price consolidate at the 1.6 and then break to the upside.

Ideally we want our PA to be in line with this bullish theme. That would be say a bullish PA at the pull back to 1.6/top range of the box.

What we currently have though is a weak pin bar with that 'hanging in the air' look because of its mediocre location which is importantly marketing a bearish run here. At best it could be worth a quick shot to the FTA marked by the top of the box if it can break, but again specially when we're just starting off we want to try and catch the good runners based off solid locations and PA.



g.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 28 KB
I believe . . .
  • #87,692
  • Feb 2, 2011 12:59pm Feb 2, 2011 12:59pm
Hi all any thoughts on this interesting formation
I'm waiting for a bo of the blue box


Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.jpg Size: 90 KB
  • #87,693
  • Feb 2, 2011 1:04pm Feb 2, 2011 1:04pm
Quoting stewrigh
Hi all any thoughts on this interesting formation
I'm waiting for a bo of the blue box


Attachment
Hey Stew

Price is consolidating down b/w two very important areas. i will be watching for potential breakouts in either direction.

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 19 KB
  • #87,694
  • Feb 2, 2011 1:06pm Feb 2, 2011 1:06pm
What about this BEOB, running away from box.
Got some space to FTA at least right?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 43 KB
  • #87,695
  • Feb 2, 2011 1:08pm Feb 2, 2011 1:08pm
Quoting mbqb11
Hey Stew

Price is consolidating down b/w two very important areas. i will be watching for potential breakouts in either direction.

Best
Mike
Yep - my bias is short but I've got an open mind ATM.
  • #87,696
  • Feb 2, 2011 1:09pm Feb 2, 2011 1:09pm
Quoting stewrigh
Yep - my bias is short but I've got an open mind ATM.
could it be a H&S breakout too

I am with you though I am open to either and will simply look for something to tip us off

Best
Mike
  • #87,697
  • Feb 2, 2011 1:18pm Feb 2, 2011 1:18pm
Quoting gasgas
What about this BEOB, running away from box.
Got some space to FTA at least right?
Hey Gasgas

I think this is rather small and late towards the end of major trading so it's a bit iffy for me. We are in a strong uptrend with lot of support underneath. I think your area would be the major area if it can get through the FTA which I see as higher. I don't like playing intraday trades this late in the day without some more volatility as it can be a rough ride down. But often times these bars are a good retracement opportunity before more buyers come in, into the next session

Just my thoughts as always

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 21 KB
  • #87,698
  • Feb 2, 2011 1:25pm Feb 2, 2011 1:25pm
Quoting mbqb11
could it be a H&S breakout too

I am with you though I am open to either and will simply look for something to tip us off

Best
Mike
Hadn't noticed the HS - I'm getting more and more interested in this - just need to be careful I don't jump the gun - patience lol.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.jpg Size: 90 KB
  • #87,699
  • Feb 2, 2011 1:47pm Feb 2, 2011 1:47pm
Quoting mbqb11
Hey Gasgas

I think this is rather small and late towards the end of major trading so it's a bit iffy for me. We are in a strong uptrend

Just my thoughts as always

Mike
Tnx for the answer Mike

Sure thing, kinda small bar against that up move latelly. Im demoing this one with a tide managment. Gona see if any chance that price break that TL
  • #87,700
  • Feb 2, 2011 2:20pm Feb 2, 2011 2:20pm
Quoting jarroo
Welcome Patrick.

That .8650 PPZ level look real good not only as Daily PPZ level, but its a Weekly PPZ level as well.

I would like to see the High of the BEOB to be the Highest high of the swing High. Much like the Weekly BEOB in blue.
I saw this mentioned several times, not only by Jarroo, can someone explain to me in short why is this important? ( for the high of the setup bar to be the highest high of the swing - for short setup)

I feel that it has something to do with price trying to take new highs but fail... But I know this is primitive, there must be some more solid logic behind it.

If anyone can explain in short...
312 traders viewing now