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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

  • #87,721
  • Feb 2, 2011 4:35pm Feb 2, 2011 4:35pm
Quoting mbqb11
Hey DB

Notice how the high of the pinbar doesn't extend very high above the previous bars high. We want it to stick out further then that.

Here are a few pinbars I would like to see you picking out

Now let's see you post a chart with ones like this(even if it already occurred) so I can see if you get that

Best
Mike
How do these look?
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  • #87,722
  • Feb 2, 2011 4:35pm Feb 2, 2011 4:35pm
Quoting DBallerz
How do these look?
There ya go

See the difference b/w those and your other charts now? Then we put location and story with these bars and it can become deadly

Mike
  • #87,723
  • Feb 2, 2011 4:45pm Feb 2, 2011 4:45pm
Quoting mbqb11
Hey SR2

Make sure to right click and click show ALL to get the updated contracts NGH1

. . . Thanks Mike.
Indicators show the past. Price Action "Indicates" the future.
  • #87,724
  • Feb 2, 2011 4:58pm Feb 2, 2011 4:58pm
The Daily had to close where it did today on the Eur/Cad . .right at the previous closes (1.3640) in yellow or Resistance. If I had to guess its a Support level now.

Not trading here folks, just watching . .
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Indicators show the past. Price Action "Indicates" the future.
  • #87,725
  • Feb 2, 2011 5:02pm Feb 2, 2011 5:02pm
Quoting DBallerz
How do these look?
Hey, Ballerz

Now that's juicy! Of all the Pin Bar's I've personally come across this month , that was the one I picked with the most conviction and it tasted good!

http://www.forexfactory.com/showthre...2331&page=5837

Don't justify an entry because it 'looks' like a PB. Pick the ripest cherries, I like my fruit sweet not sour. Let it ripen, yes it takes time but it's well worth the wait.
  • #87,726
  • Feb 2, 2011 5:06pm Feb 2, 2011 5:06pm
Quoting jarroo
. . . Thanks Mike.
been there done that
  • #87,727
  • Feb 2, 2011 5:18pm Feb 2, 2011 5:18pm
Here's a lovely PB in the wrong place
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  • #87,728
  • Feb 2, 2011 5:26pm Feb 2, 2011 5:26pm
Quoting jarroo
The Daily had to close where it did today on the Eur/Cad . .right at the previous closes (1.3640) in yellow or Resistance. If I had to guess its a Support level now.

Not trading here folks, just watching . .
How did your day close already?
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  • #87,729
  • Feb 2, 2011 5:27pm Feb 2, 2011 5:27pm
Quoting Ifmyante
How did your day close already?
FxPro feed . . Daily close 5:00 (EST)
Indicators show the past. Price Action "Indicates" the future.
  • #87,730
  • Feb 2, 2011 5:28pm Feb 2, 2011 5:28pm
Hey Mike . .any chapters left in the Usd/Cad story . .?
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Indicators show the past. Price Action "Indicates" the future.
  • #87,731
  • Feb 2, 2011 5:31pm Feb 2, 2011 5:31pm
Quoting jarroo
Hey Mike . .any chapters left in the Usd/Cad story . .?
It's a never ending book Jim

Let's see how the week closes


Best
Mike
  • #87,732
  • Feb 2, 2011 5:32pm Feb 2, 2011 5:32pm
Quoting mbqb11
It's a never ending book Jim

Let's see how the week closes


Best
Mike

lol good one . .
Indicators show the past. Price Action "Indicates" the future.
  • #87,733
  • Feb 2, 2011 5:53pm Feb 2, 2011 5:53pm
greetings.. I am working on identifying the chart patterns, PPZ and the whole flow of this method this is what I think I see anyone care to comment BEOB, closed below 38.2 fib (63.15), PPZ area 63.15 - 63.09 may act as resistance (confluence?) cons not much space to go down to next PPZ area, F trade?
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  • #87,734
  • Feb 2, 2011 6:02pm Feb 2, 2011 6:02pm
Bluetrader..are you watching GU for potential touch trade @ 1.6296? its going hard closed above PPZ is anyone riding this thing up?
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  • #87,735
  • Feb 2, 2011 6:42pm Feb 2, 2011 6:42pm
Quoting Patrick.
greetings.. I am working on identifying the chart patterns, PPZ and the whole flow of this method this is what I think I see anyone care to comment BEOB, closed below 38.2 fib (63.15), PPZ area 63.15 - 63.09 may act as resistance (confluence?) cons not much space to go down to next PPZ area, F trade?
Hey Patrick

I would agree with you here we are in a lot of traffic and not at a swing high where we want to see this bar. Because of that the FTA is going to be close and any bar can bounce us just by the pure sideways action we are in. These markets can hurt traders b/c price bounces around and they don't protect themselves

Best
Mike
  • #87,736
  • Feb 2, 2011 6:49pm Feb 2, 2011 6:49pm
Quoting mbqb11
Hey Patrick

I would agree with you here we are in a lot of traffic and not at a swing high where we want to see this bar. Because of that the FTA is going to be close and any bar can bounce us just by the pure sideways action we are in. These markets can hurt traders b/c price bounces around and they don't protect themselves

Best
Mike

thanks I will look out for them in swings.
  • #87,737
  • Feb 2, 2011 7:28pm Feb 2, 2011 7:28pm
"Is anybody out there?"

Watching---Can we bust out of this funk?
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  • #87,738
  • Feb 2, 2011 7:30pm Feb 2, 2011 7:30pm
Quoting Patrick.
Bluetrader..are you watching GU for potential touch trade @ 1.6296? its going hard closed above PPZ is anyone riding this thing up?
Hi Patrick,

I'm avoiding G/U right now... it's got a full head of steam going into 1.6275 area (see chart). It may work, but my odds are less than I would like on a short there.

Just my thoughts,

-- Danny
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  • #87,739
  • Feb 2, 2011 7:31pm Feb 2, 2011 7:31pm
Quoting Atc
"Is anybody out there?"

Watching---Can we bust out of this funk?
I also have my eyes on that pair
  • #87,740
  • Feb 2, 2011 7:37pm Feb 2, 2011 7:37pm
Quoting bluetrader
Hi Patrick,

I'm avoiding G/U right now... it's got a full head of steam going into 1.6275 area (see chart). It may work, but my odds are less than I would like on a short there.

Just my thoughts,

-- Danny
Thanks man... I will keep an eye on it
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