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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

  • #91,281
  • Mar 9, 2011 11:47pm Mar 9, 2011 11:47pm
Quoting Adilius07
Hi Pinbar, here you go.
All I shoud have done is moved my SL above that red doji.
I zoomed in the chart so you can see better. This is CADJPY

EDIT: Yes, had a full loss on it

Somebody asked me about that PB before it closed and this is the chart, I sent them.

Clear PPZ there with the 365 lining up with it.

Would have kept me out of it for sure, till that PPZ broke and we had a pullback.

I realize you could have gone to BE and made a bit on it but, the 365 only 20 pips below certainly would have scared the pants off me.

I know it is easy after the fact but, this is how I think before I take anything, recently.

I think this is one of those setups where we see the 85 BRN and then throw caution to the wind because this bar closed below it.

That is why, I use the RN indicator, I don't like just blindly putting PPZ at a RN and banking on them.


The weekly chart shows how price reacted at this PPZ more clearly.

Too bad though, I was hoping it was going to bust right through that PPZ and go 400 pips for you.
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  • #91,282
  • Mar 9, 2011 11:56pm Mar 9, 2011 11:56pm
Quoting Pinbar
Somebody asked me about that PB before it closed and this is the chart, I sent them.

Clear PPZ there with the 365 lining up with it.

Would have kept me out of it for sure, till that PPZ broke and we had a pullback.

I realize you could have gone to BE and made a bit on it but, the 365 only 20 pips below certainly would have scared the pants off me.

I know it is easy after the fact but, this is how I think before I take anything, recently.

I think this is one of those setups where we see the 85 BRN and then throw caution to the wind because this...
That red line you have on chart, is exactly where I thought the FTA should be. So I waited.

Ok, next time will be more cautious.
  • #91,283
  • Mar 10, 2011 12:04am Mar 10, 2011 12:04am
Quoting Adilius07
That red line you have on chart, is exactly where I thought the FTA should be. So I waited.

Ok, next time will be more cautious.

But you don't take note of the 365 which it closed above?

I am sure you remember Mike saying, if they don't break on the next candle, he passes on them.

I think these two points alone are worth evaluating.

I am sure you have more winners than losers to make up for it.
  • #91,284
  • Mar 10, 2011 12:06am Mar 10, 2011 12:06am
Quoting Pinbar
But you don't take note of the 365 which it closed above?

I am sure you remember Mike saying, if they don't break on the next candle, he passes on them.

I think these two points alone are worth evaluating.

I am sure you have more winners than losers to make up for it.
I don't use any MA's now I tried but my results are equal with them or without.

Yes, but It did break on the next candle.

I have 75% win rate, but that translates to -0.5% loss to account.
  • #91,285
  • Mar 10, 2011 12:36am Mar 10, 2011 12:36am
Quoting Adilius07
I don't use any MA's now I tried but my results are equal with them or without.

Yes, but It did break on the next candle.

I have 75% win rate, but that translates to -0.5% loss to account.

then funds management
A chart helps those who can read it.
  • #91,286
  • Edited 2:47am Mar 10, 2011 2:33am | Edited 2:47am
Caught this one off that daily BEOB with a small 32 pip stop just above the BRN. Just moved the SL to BE+

Let's see if the 61.8 will hold as resistance with the 1.3400
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  • #91,287
  • Mar 10, 2011 3:41am Mar 10, 2011 3:41am
I just noticed this but it is looking much better on FXCM feed . And i think the area is to watch for ... Bullish PA maybe? It looks more of major of a PPZ.

True?

thanks

vito
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  • #91,288
  • Mar 10, 2011 3:48am Mar 10, 2011 3:48am
Quoting menomoo
I just noticed this but it is looking much better on FXCM feed . And i think the area is to watch for ... Bullish PA maybe? It looks more of major of a PPZ.

True?

thanks

vito
Looks like a strong area of possible support to me.

All we need now is some decent PA.
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  • #91,289
  • Mar 10, 2011 4:13am Mar 10, 2011 4:13am
Steve ,

Tell me at this level , what time frame would you prefer to look for PA?

1 hour , 4 hour ?

For example on one hour we got inside bar and we know these ,at times ,

they form swing high/resistance , swing low /support .

Or would you prefer a nice bullish PA on the 4 hourl , like BUOB ?

Either way yess , it is a beauty area to watch for fishing

Cheers

V
  • #91,290
  • Mar 10, 2011 4:18am Mar 10, 2011 4:18am
Hi everyone!
Is it a good place to wach on H4, usd/cad?
Thanks!
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  • #91,291
  • Mar 10, 2011 4:29am Mar 10, 2011 4:29am
Quoting menomoo
Steve ,

Tell me at this level , what time frame would you prefer to look for PA?

1 hour , 4 hour ?

For example on one hour we got inside bar and we know these ,at times ,

they form swing high/resistance , swing low /support .

Or would you prefer a nice bullish PA on the 4 hourl , like BUOB ?

Either way yess , it is a beauty area to watch for fishing

Cheers

V

I'd watch the daily and if we get a daily PB, wait for it to show us a possible H4 entry in the same direction.

That said there is the VBRN just above.
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  • #91,292
  • Mar 10, 2011 7:37am Mar 10, 2011 7:37am
I have noticed a multiple breakout on Cable but not sure if i need to let it pass the BRN first before getting into trade ?
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  • #91,293
  • Mar 10, 2011 7:39am Mar 10, 2011 7:39am
Sorry for off topic.

But do you guys also see this scary + sign after my name, down there where you see who is online?

Adilius07+ how did that plus got there, drives me crazy, I didn't do anything!!! oh God...
  • #91,294
  • Mar 10, 2011 7:44am Mar 10, 2011 7:44am
Quoting Adilius07
Sorry for off topic.

But do you guys also see this scary + sign after my name, down there where you see who is online?

Adilius07+ how did that plus got there, drives me crazy, I didn't do anything!!! oh God...
I don't see any + sign. Definitely no + sign
  • #91,295
  • Mar 10, 2011 7:45am Mar 10, 2011 7:45am
Quoting Adilius07
Sorry for off topic.

But do you guys also see this scary + sign after my name, down there where you see who is online?

Adilius07+ how did that plus got there, drives me crazy, I didn't do anything!!! oh God...
it's cause you have yourself on your own buddy list

Mike
  • #91,296
  • Mar 10, 2011 7:52am Mar 10, 2011 7:52am
i find a interesting zone in the long short trend . does anyone have any ideas?
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A chart helps those who can read it.
  • #91,297
  • Mar 10, 2011 7:54am Mar 10, 2011 7:54am
Mike, would you trade this set up on cable?

Quoting sammy31
I have noticed a multiple breakout on Cable but not sure if i need to let it pass the BRN first before getting into trade ?
  • #91,298
  • Mar 10, 2011 7:58am Mar 10, 2011 7:58am
Quoting mbqb11
it's cause you have yourself on your own buddy list

Mike
ahh yes! thanks Mike. I was just playing around my profile.
Ah so my buddies have + after the name. Now got it!
  • #91,299
  • Mar 10, 2011 8:10am Mar 10, 2011 8:10am
Quoting sammy31
Mike, would you trade this set up on cable?
Hey Sammy

For me those bar lows are not matching enough. I want them to be pretty exact(to the pip is better) and also the more the merrier for me

Best
Mike
  • #91,300
  • Mar 10, 2011 8:12am Mar 10, 2011 8:12am
Quoting Adilius07
ahh yes! thanks Mike. I was just playing around my profile.
Ah so my buddies have + after the name. Now got it!
Hey like the saying goes, you're your own best friend
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