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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

  • #89,821
  • Feb 22, 2011 2:49pm Feb 22, 2011 2:49pm
Quoting john225
This was my Trade on the German Heidelbergcement stock. But now i notized that this trade was too risky the PB was to small but it worked great.

My condolence to all in New Zealand

Not all that risky . .it was off a PPZ level acting as Support.
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Indicators show the past. Price Action "Indicates" the future.
  • #89,822
  • Feb 22, 2011 2:55pm Feb 22, 2011 2:55pm
Quoting Dan Gilbert
the weekly i4b on EURAUD straddling 1.3500 has broke north. I anticipate price to find support now around 1.3600

Nice one, Dan.
Indicators show the past. Price Action "Indicates" the future.
  • #89,823
  • Feb 22, 2011 2:56pm Feb 22, 2011 2:56pm
Quoting Sgrb1
Hey Jarroo.. considering this strong bearish momentum into the level, would a long position at this location with some decent PA still be an option?
Absolutely, Sgr. Some nice, Bold bullish PA would be nice at that PPZ level.
Indicators show the past. Price Action "Indicates" the future.
  • #89,824
  • Feb 22, 2011 2:59pm Feb 22, 2011 2:59pm
Quoting AvanishDemo
yeah would like to hear it from JARROO..it almost reached 1.51...if it closes below 1.52 it should act as resistance now..still 3 hours to go..

You show me, AD. Let's see your chart.
Indicators show the past. Price Action "Indicates" the future.
  • #89,825
  • Feb 22, 2011 3:00pm Feb 22, 2011 3:00pm
Quoting aserbfx
weekly vfc near ppz and ready for an outbreak.
fridays daily bar was very strong on good volume closing on the high.
How'ld that break out work for you Aser?

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  • #89,826
  • Feb 22, 2011 3:03pm Feb 22, 2011 3:03pm
Quoting ghous
Everything's on the charts.

Starting from daily PA.

g.

That's freaking sweet, . . . .you're a star . g. . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,827
  • Feb 22, 2011 3:12pm Feb 22, 2011 3:12pm
Thoughts are in the chart.


Quoting dmc
This one caught my eye as interesting.

I dont think I am going to take but some of these just intrigue me.

4HR BUOB
BRN of 1.35 - Price close strong
Also close above this red line (Not sure if this means anything)

I dont like that its late in the day and I dont like taht it only engulfs one bar. The size of the BUOB is nothing special either.

Any thoughts on this one? I would probably have take if it was a bigger bar. I jus thtink this one leaves me to vulnerable to a quick push down. With not many other bars holding it up.

Attachment ...
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  • #89,828
  • Feb 22, 2011 3:23pm Feb 22, 2011 3:23pm
Quoting mbqb11
Yes and No for how I trade

Having such a big bar cuts off a great deal of exit flexibility now as most of the major areas have been hit except the most important(the lower most blue line).

If price closed higher up(say at red market) but still strong out, you now have a lot more room and flexibility(space) to work with and larger potential....
Ey Mike,
I was looking at G/J setup, but in my views the pair has been very choppy and we´ve got FTA very near <t 133... for you FTA will be the blue zone/133 or the 132 ?

Thx.
Os.
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Trade Smart
  • #89,829
  • Feb 22, 2011 3:26pm Feb 22, 2011 3:26pm
Quoting Osman
Ey Mike,
I was looking at G/J setup, but in my views we´ve got FTA very near around 133... for you FTA will be the blue zone/133 or the 132 ?

Thx.
Os.
Hey Os

This area is more logical to me in the short term with that bar size

Best
Mike
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  • #89,830
  • Feb 22, 2011 3:40pm Feb 22, 2011 3:40pm
Quoting DBallerz
how are you guys managing this gbpchf trade?
I jumped in off the break below 1.5300. Took 1/2 off at 1.5200ish then moved SL to BE. Had to go to work so I at least wanted to take a little profit. At 1.5115 took another 1/4 off and move SL down to 1.5200. Looking for 1.5000 as final target.

I intially placed my SL above the BEOB. Looking back at it this one showed great potential. Would have be fairly safe placing SL at 1.5500 and jumping in on the retrace. Would have doubled my gain. Its nice when one sticks out like this gives you a real chance to learn how to manage it.
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  • #89,831
  • Feb 22, 2011 4:06pm Feb 22, 2011 4:06pm
what do you guys make out of this gigantic pin on eurusd?

http://my.jetscreenshot.com/5886/m_2...-jgq5-98kb.jpg
  • #89,832
  • Feb 22, 2011 4:10pm Feb 22, 2011 4:10pm
Quoting DBallerz
what do you guys make out of this gigantic pin on eurusd?
Hey DB

Remember we want bullish pinbars at swing lows as James shows. This is at a swing high which makes them tricky and pulls in potential IPB type information. Definitely stick to learning them at the basic areas first, it will be easier in my view

Best
Mike
  • #89,833
  • Feb 22, 2011 4:19pm Feb 22, 2011 4:19pm
Quoting mbqb11
Hey DB

Remember we want bullish pinbars at swing lows as James shows. This is at a swing high which makes them tricky and pulls in potential IPB type information. Definitely stick to learning them at the basic areas first, it will be easier in my view

Best
Mike
http://my.jetscreenshot.com/5886/m_2...utm0-154kb.jpg
  • #89,834
  • Feb 22, 2011 4:28pm Feb 22, 2011 4:28pm
Hey DB

This is closer since now we have a bearish long nose bar at a swing high as James teaches. But this is actually technically not a pinbar as the open and close are not within the prior bar. If price breaks there is also another trouble area right in the middle of your two lines marked as well that we would have to watch

Best
Mike
  • #89,835
  • Feb 22, 2011 5:27pm Feb 22, 2011 5:27pm
Quoting DBallerz
http://my.jetscreenshot.com/5886/m_2...utm0-154kb.jpg
Hi DB

a Daily reason I wouldn't short that PB just yet.
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  • #89,836
  • Feb 22, 2011 5:50pm Feb 22, 2011 5:50pm
Looks like a stack of orders went through @ 90.00

1hr crude.
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Many choose unhappiness over uncertainty.
  • #89,837
  • Feb 22, 2011 6:00pm Feb 22, 2011 6:00pm
We have a few very interesting areas to "keep an eye on" at after todays drop.
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Many choose unhappiness over uncertainty.
  • #89,838
  • Feb 22, 2011 6:16pm Feb 22, 2011 6:16pm
Quoting bluetrader
This is where I'm putting my eggs right now... I have been wrong before though.

I like the PPZ at least for a good reaction. Next week will be fun.

-- Danny
This didn't work out exactly as planned... being a touch trader can get you burned sometimes without bar confirmation.

On to the next one.

-- Danny
  • #89,839
  • Feb 22, 2011 6:48pm Feb 22, 2011 6:48pm
Quoting Dan Gilbert
We have a few very interesting areas to "keep an eye on" at after todays drop.
I've started backtesting outside bar retracement...put my first demo in on GJ..this one triggered a bit ago...

edit: typo in screen shot, should be a sell
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  • #89,840
  • Feb 22, 2011 7:35pm Feb 22, 2011 7:35pm
Quoting ts63
Hi everyone.
AU currently testing the trendline on H1 + last candle was a pinbar + macd divergence + juicy swaps
let's watch this
++
That's a pretty random line you have drawn on your chart there. Leaving aside the fact that it doesnt really hit many bars in any kind of consistent way, or that price havent respected it... do we really think that line represents the trend of the market?

The divergence isnt really there either. At most, you have a tiny amount between the last two lows.

And I dont know that I would call that a pin.
When you have to shoot, shoot. Dont talk.
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