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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

  • #89,981
  • Feb 24, 2011 12:33am Feb 24, 2011 12:33am
Quoting 5.25
Hmmm, Pinnish or Dojish

Your quite the gun slinger Jarroo, that was a rather prompt critique.

You've taken away some of my key lines and increased the clarity of my chart. Much appreciated.

All I did 5.25, was zoom out a bit. Clarity becomes easier on the eyes.
Indicators show the past. Price Action "Indicates" the future.
  • #89,982
  • Feb 24, 2011 12:35am Feb 24, 2011 12:35am
hi guys,

I have attached a EURUSD 4 hr chart. can anyone tell me why didnt the pin 1( in my chart) work. it has long wick and appeared in a downtrend. Pin 2 i believe is not a great candle to trade as the wick doesnt protrude from the bearby candle and engulfs the previous few candles( please correct me if i am wrong. pin 3.... i dont know if it is a set up which is worth trade.. please advice
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  • #89,983
  • Feb 24, 2011 12:38am Feb 24, 2011 12:38am
Quoting gladiator123
hi guys,

I have attached a EURUSD 4 hr chart. can anyone tell me why didnt the pin 1( in my chart) work. it has long wick and appeared in a downtrend. Pin 2 i believe is not a great candle to trade as the wick doesnt protrude from the bearby candle and engulfs the previous few candles( please correct me if i am wrong. pin 3.... i dont know if it is a set up which is worth trade.. please advice
#1 look at the candles before it. That small of a pin doesn't have the momentum to stop this kind of down slide.

#2. the location is bad. We're looking for pins at a swing low/swing high. This is in between.

#3. This is an indecision pin. Price can't make up it's mind with equal tails.
  • #89,984
  • Feb 24, 2011 12:44am Feb 24, 2011 12:44am
Quoting Atc
I didn't take these..... like to be awake when these occur and was sleeping...I have found these need to be managed...and this is "critical." You are not waiting for a PA signal bar to enter...and therefore it is my belief that one must monitor the following bars to indicate WIPG.

But, thought by posting maybe this would help ....they are TT at fib levels and ppz's ......I don't particularly care for the 38 fib.....but the 61 is a favorite....here are two charts daily and then scoped down to the 1 H.


I need to edit this....just to be clear...

Nice charts Bill.

TTs can be tough . .the more the confluences the better at given TT level. How sweet would that previous bar high of the BEOB at the 61.8 be if there was also an EMA and/or trendline on top of it . .


Also a good story that fits in with the level, is also a confluence. Like that multi top highs . .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #89,985
  • Feb 24, 2011 12:46am Feb 24, 2011 12:46am
Quoting gladiator123
hi guys,

I have attached a EURUSD 4 hr chart. can anyone tell me why didnt the pin 1( in my chart) work. it has long wick and appeared in a downtrend. Pin 2 i believe is not a great candle to trade as the wick doesnt protrude from the bearby candle and engulfs the previous few candles( please correct me if i am wrong. pin 3.... i dont know if it is a set up which is worth trade.. please advice

Draw your PPZ levels . .and you tell me, glad . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,986
  • Feb 24, 2011 12:54am Feb 24, 2011 12:54am
Quoting DBallerz
#1 look at the candles before it. That small of a pin doesn't have the momentum to stop this kind of down slide.

#2. the location is bad. We're looking for pins at a swing low/swing high. This is in between.

#3. This is an indecision pin. Price can't make up it's mind with equal tails.
thanks for the explanation dballerz.....
  • #89,987
  • Feb 24, 2011 12:55am Feb 24, 2011 12:55am
Hey Pb

Could draw the PBT&CA and B on gladiator123's chart on the 4 hour at this time period . .use your own chart, of course.
Attached Image (click to enlarge)
Click to Enlarge Name: pin.jpg Size: 77 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,988
  • Feb 24, 2011 12:57am Feb 24, 2011 12:57am
jaroo...

i was working for past few days.. so couldnt post ....sorry...

Quoting jarroo
No problem glad . .I gotta go . .but I want to see some charts from you this week . . . Deal? . . .Good . . .


Later


Jim
  • #89,989
  • Feb 24, 2011 12:58am Feb 24, 2011 12:58am
Quoting gladiator123
jaroo...

i was working for past few days.. so couldnt post ....sorry...

No problem, buddy . .lol . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,990
  • Feb 24, 2011 12:59am Feb 24, 2011 12:59am
Quoting jarroo
Hey Pb

Could draw the PBT&CA and B on gladiator123's chart on the 4 hour at this time period . .use your own chart, of course.

Ok, hang on a sec
  • #89,991
  • Feb 24, 2011 1:09am Feb 24, 2011 1:09am
teacher,

not because i dont know... this dballerz.... didnt allow me to explain...and he explained it earlier........poor me.....lol..
~~~~~~~~~

I have attached the chart... please tell me if i have drawn the levels correctly. I see the FTA is too near so its not tradable. As dballerz explained the third candle is not a pin but a neutral candle it is not tradable. am i right in my analysis?

Quoting jarroo
Draw your PPZ levels . .and you tell me, glad . .
EDIT: waiting for Pinbar to finish his chart with PBT&CA and B to copy and learn from him in the class..
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  • #89,992
  • Feb 24, 2011 1:12am Feb 24, 2011 1:12am
Here you go Jarroo

I think this is why that 1st PB failed.
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  • #89,993
  • Feb 24, 2011 1:12am Feb 24, 2011 1:12am
Quoting Pinbar
Ok, hang on a sec

Thanks Steve. . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,994
  • Feb 24, 2011 1:13am Feb 24, 2011 1:13am
Quoting Pinbar
Here you go Jarroo

I think this is why that 1st PB failed.

His chart period is Sept. 2008 on the 4 hour on the Euro . .sorry . . . I'll give you a few . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,995
  • Feb 24, 2011 1:15am Feb 24, 2011 1:15am
Quoting gladiator123
teacher,

not because i dont know... this dballerz.... didnt allow me to explain...and he explained it earlier........poor me.....lol..
~~~~~~~~~

I have attached the chart... please tell me if i have drawn the levels correctly. I see the FTA is too near so its not tradable. As dballerz explained the third candle is not a pin but a neutral candle it is not tradable. am i right in my analysis?



EDIT: waiting for Pinbar to finish his chart with PBT&CA and B to copy and learn from him in the class..

Yes, those are very good, glad . .


let's wait for Pb.
Indicators show the past. Price Action "Indicates" the future.
  • #89,996
  • Feb 24, 2011 1:18am Feb 24, 2011 1:18am
Quoting jarroo
His chart period is Sept. 2008 on the 4 hour on the Euro . .sorry . . . I'll give you a few . .

Oh, ok
LOL

One sec
  • #89,997
  • Feb 24, 2011 1:31am Feb 24, 2011 1:31am
Made some pips on this h1 pb. Strong flip area + 50% fiz + first test after pa making hh. It looks like we might have strong option barrier at the 1.6300. Price behaviour at this area will be interesting for sure.
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  • #89,998
  • Feb 24, 2011 1:33am Feb 24, 2011 1:33am
Quoting Greenhaze
Made some pips on this h1 pb. Strong flip area + 50% fiz + first test after pa making hh. It looks like we might have strong option barrier at the 1.6300. Price behaviour at this area will be interesting for sure.
Classic . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,999
  • Feb 24, 2011 1:37am Feb 24, 2011 1:37am
It is a very strong PPZ that this PB is below.
Shows up on the weekly tf way back in 1995
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  • #90,000
  • Feb 24, 2011 1:41am Feb 24, 2011 1:41am
Quoting 5.25
I took the PB on gbpaud 4h chart earlier today and is paying off.

- Good looking PB
- Third test at 1.6200 RN
- Price has failed to close above this level since Oct 2010 on the weekly. (What has been drummed into my head regarding these PPZ? If it hasn't closed above, it's still acting as resistance right?)

Does anyone think the PB on the daily holds much credibility? It's veering onto doji.

SL is now at break even.
Nice one. Those that break thru last highs and close below are the prettiest one.
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