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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

  • #88,661
  • Feb 10, 2011 11:29am Feb 10, 2011 11:29am
Quoting lallous
A great trade Os, that setup was on my radar all day
The trade actually was not on my radar and the 4H bar looked excellent.

I couldn't see any good reasons to take it, other than the shape of the bar and the potential to break previous resistence. So I passed on it.

But the JPY was very weak this morning and I missed out.

Great trade Os!
  • #88,662
  • Feb 10, 2011 11:44am Feb 10, 2011 11:44am
Quoting Greenhaze
There is a strong , tight resistance @ 1.3640 / 50% of longer-term swing low.
Very good location imo...
Missed by 10 pips but GJ is more then enough for today. Continuation setups like this with stop just under BRV are recompensating long times of waiting
  • #88,663
  • Feb 10, 2011 12:15pm Feb 10, 2011 12:15pm
Quoting Greenhaze
Missed by 10 pips but GJ is more then enough for today. Continuation setups like this with stop just under BRV are recompensating long times of waiting
I'm looking forward to reposting your EURAUD chart when it touches and turns.

Hope I haven't jinxed it now
  • #88,664
  • Feb 10, 2011 2:22pm Feb 10, 2011 2:22pm
I've seen many pin bar indicators but i want a pin bar that I can modify to meet these requirements, can anyone let me know if there is one?

bullish pin bar
==========
1. close is above the open
2. lower shadow is at minimum 2.5 times of the real body
3. upper shadow is less than the size of the real body

bearish pin bar
===========
1. close is lower than the open
2. upper shadow is 2.5 times of the real body
3. lower shadow is less than the size of the real body


any good mt4 coders?

Thanks.
  • #88,665
  • Feb 10, 2011 2:22pm Feb 10, 2011 2:22pm
Quoting Greenhaze
Price broke thru 133 level. H4 BUOB Might be nice opportunity to enter.
I was away, read this post just now and thought to check the chart for how was it going..... Oh man that was awesome!!!!!!! What a trade!!!
  • #88,666
  • Feb 10, 2011 2:41pm Feb 10, 2011 2:41pm
Alright this one is at the BE now... I should be MORE PICKY really....
TP is the next BRN... we'll see
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  • #88,667
  • Feb 10, 2011 2:56pm Feb 10, 2011 2:56pm
Quoting Adilius07
Alright this one is at the BE now... I should be MORE PICKY really....
TP is the next BRN... we'll see
meine augen sind die sterne
  • #88,668
  • Feb 10, 2011 2:57pm Feb 10, 2011 2:57pm
Quoting aserbfx
  • #88,669
  • Feb 10, 2011 3:13pm Feb 10, 2011 3:13pm
Quoting ghous
I agree with SC that you're over analyzing your charts Steve,

Try keeping it simple down to the very core basics.

refer to the video.

http://www.youtube.com/watch?v=L2Cfwxq7jUg



g.

Wow, Ghous...What can I say. I think you solved my problem.
That is exactly what I have been doing, trying to find reasons price did what it does but, indeed, I think I have been in the micro mode and not the macro mode.

Great video, I shall watch it many times till I get it and practice looking at the movement of price like that. I really, really appreciate it ghous.

Many thanks....Too bad the chart color is black, really hard to see.

I shall turn the brightness up as far as it will go.

Thanks again Ghous.
  • #88,670
  • Feb 10, 2011 3:26pm Feb 10, 2011 3:26pm
Quoting unlv_tj
The trade actually was not on my radar and the 4H bar looked excellent.

I couldn't see any good reasons to take it, other than the shape of the bar and the potential to break previous resistence. So I passed on it.

But the JPY was very weak this morning and I missed out.

Great trade Os!
Hi Unlv,

I took the trade as a breakout trade, if you check the chart, you can see that the 133 zone was a strong ppz (pink arrows), we can see big bars, strong uptrends stopped and reversed at that point (red arrows) so thats telling us that something is going on in that area.

Price was hitting and hitting that zone it went down hit the minor ppz (red square) and made that BUOB.

The BUOB engulfed 4 bars, close above the ppz area, had a strong close, we had space for the price to run and it closed above previous PB, if it didnt close above the PB I wouldn't have taken it.

For me it was a grade B trade, as it didn't had many other confluences aside divergence.

Os.
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Trade Smart
  • #88,671
  • Feb 10, 2011 3:49pm Feb 10, 2011 3:49pm
I think this looks like a nice setup on the gold daily. Feel free to tell me why it isn't.
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  • #88,672
  • Feb 10, 2011 3:50pm Feb 10, 2011 3:50pm
Quoting Osman
Hi Unlv,

I took the trade as a breakout trade, if you check the chart, you can see that the 133 zone was a strong ppz (pink arrows), we can see big bars, strong uptrends stopped and reversed at that point (red arrows) so thats telling us that something is going on in that area.

Price was hitting and hitting that zone it went down hit the minor ppz (red square) and made that BUOB.

The BUOB engulfed 4 bars, close above the ppz area, had a strong close, we had space for the price to run and it closed above previous PB, if it didnt close above...
BEAUTIFUL!

I looked at that bar and in my head I heard a voice say "that trade looks pretty good", but I couldn't put into words why it looked good and started to think I was judging the trade on the size of the bar alone.

I thought it was trading into resistence and I stupidly overlooked the fact that the trend was looking to break that resistence. It looks like an excellent trade now you point this out.

Good work Os!
  • #88,673
  • Feb 10, 2011 4:00pm Feb 10, 2011 4:00pm
Hope this is perfect!
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  • #88,674
  • Feb 10, 2011 4:11pm Feb 10, 2011 4:11pm
Quoting Ted1983
I think this looks like a nice setup on the gold daily. Feel free to tell me why it isn't.
Hey Ted

Don't forget that we want to see bullish pinbars at swing lows. This is one at a swing high point.

Best
Mike
  • #88,675
  • Feb 10, 2011 4:27pm Feb 10, 2011 4:27pm
EUR/JPY Short.....advice/thoughts/opinions welcome
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DM if you have any questions
  • #88,676
  • Feb 10, 2011 4:39pm Feb 10, 2011 4:39pm
so if it PBT and CA, we can guarantee a move higher? then await a retracement to a BRN/PPZ/FIB/SR

Quoting AvanishDemo
Hope this is perfect!
DM if you have any questions
  • #88,677
  • Feb 10, 2011 4:50pm Feb 10, 2011 4:50pm
Quoting Osman
TP hit for second half.
Nice trade OS. I am trading only daily//weekly at moment but good setups like this make me itch to get down to the 4hr!! Well done man.

Kal
  • #88,678
  • Feb 10, 2011 4:53pm Feb 10, 2011 4:53pm
Quoting jkrick33
EUR/JPY Short.....advice/thoughts/opinions welcome
Hi JR

I dont see the trigger for your trade, which is usually the break of a Pin, BuoB, etc. What was the triggerentry signal for this trade?
  • #88,679
  • Feb 10, 2011 4:55pm Feb 10, 2011 4:55pm
Interesting level for D-J.
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Nothing personal,just business
  • #88,680
  • Feb 10, 2011 4:57pm Feb 10, 2011 4:57pm
Quoting jkrick33
EUR/JPY Short.....advice/thoughts/opinions welcome
Hi Justin, I think your indicator may have told you you had a PB back there, but its close was above the previous bar.

I personally would need a very good reason to trade a PB before it's broken. I know some will trade from a pullback to the left eye level if there's lower tf PA to confirm.

If this trade does go in your favour, beware the bar highs just to your left.

Good luck mate

PS. We have absolutely no guarantees in this business. Only different levels of probability
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