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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

  • #94,021
  • Apr 19, 2011 1:12am Apr 19, 2011 1:12am
Quoting mbqb11
Hey Pin

Nothing wrong in waiting I pass on trades all the time I have a good idea where they are going and areas I have been watching. But when all the stars line up the way you like em that's when you will do the best with entries and exits

Here is a chart with the daily

Best
Mike
I've taken AUD/NZD as a longer term 'buy and hold' position trade
Anything can happen.
  • #94,022
  • Apr 19, 2011 1:30am Apr 19, 2011 1:30am
Quoting plund
Weird. My chart looks a little different. Chart is from freestockcharts as well.

Attachment

pat

after checking your chart, only the last candle is different, imho.
this is the chart from finviz which shows the same as the one i posted.
don't know why there is a difference. no idea.
Attached Image (click to enlarge)
Click to Enlarge Name: IBMc1dl0230.png Size: 28 KB
meine augen sind die sterne
  • #94,023
  • Apr 19, 2011 1:37am Apr 19, 2011 1:37am
Quoting plund
Weird. My chart looks a little different. Chart is from freestockcharts as well.
...
Quoting aserbfx

after checking your chart, only the last candle is different, imho...
hello Pat,
yeah, only the last candle is different. maybe the time the image was captured is the only difference.
he primarily used a bar chart, while u used a candle chart.
  • #94,024
  • Apr 19, 2011 2:00am Apr 19, 2011 2:00am
This is a trade I'm in...

CHFJPY.....touch trade James16 style....

50% banked at +30 pips and stop at BE
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.jpg Size: 61 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #94,025
  • Apr 19, 2011 2:36am Apr 19, 2011 2:36am
Quoting supremeChaos
hello Pat,
yeah, only the last candle is different. maybe the time the image was captured is the only difference.
he primarily used a bar chart, while u used a candle chart.
Hi Supreme,

Yes that was what I was indicating that the last candle was different. Here is a bar chart.

Attached Image


pat
  • #94,026
  • Apr 19, 2011 2:47am Apr 19, 2011 2:47am
Quoting Chris_B
This is a trade I'm in...

CHFJPY.....touch trade James16 style....

50% banked at +30 pips and stop at BE
What is the reason you entered this trade?
I can't seem to find anything,
  • #94,027
  • Apr 19, 2011 2:49am Apr 19, 2011 2:49am
Quoting plund
..Yes that was what I was indicating that the last candle was different. Here is a bar chart.
...
interesting Pat, it's still quite different.
  • #94,028
  • Apr 19, 2011 2:50am Apr 19, 2011 2:50am
Quoting bjorken
What is the reason you entered this trade?
I can't seem to find anything,
Hi!

Price broke PPZ and closed below...My order is at the first time back to the PPZ...James16 posted some examples on this...
Market is like a puzzle, YOU have to fit the pieces!!
  • #94,029
  • Apr 19, 2011 2:52am Apr 19, 2011 2:52am
Quoting bjorken
What is the reason you entered this trade?
I can't seem to find anything,
this is what i see on the hourly.

Consolidation breakout and then retrace. then Chris enters
Attached Image (click to enlarge)
Click to Enlarge Name: 19-04-2011 6-41-21 PM.jpg Size: 188 KB
  • #94,030
  • Apr 19, 2011 3:14am Apr 19, 2011 3:14am
Quoting plund
Hi Supreme,

Yes that was what I was indicating that the last candle was different. Here is a bar chart.

Attachment

pat
no, i just re-checked and also some candles in the past are different.
it has something to do with the settings of the bar/candles. i guess you can set them like this: open today < close today then bullish; close yesterday < close today then bullish and so on. maybe you want to check this.
meine augen sind die sterne
  • #94,031
  • Apr 19, 2011 3:15am Apr 19, 2011 3:15am
comments? if bar close like it is now....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur chf daily.gif Size: 17 KB
Click to Enlarge Name: eur chf h4.gif Size: 14 KB
  • #94,032
  • Apr 19, 2011 3:21am Apr 19, 2011 3:21am
Quoting pex
comments? if bar close like it is now....
interesting...it may reach that FTA but the BUOB itself is small.
1.2800 is just a few pips away, so that area is the possible FTA.
  • #94,033
  • Apr 19, 2011 3:27am Apr 19, 2011 3:27am
Quoting pex
comments? if bar close like it is now....
looks good.

apart from this i am thinking about the ppz here. wouldn't the setup be even better if price breaks through, but closes above as a buob, not as a dblhc?
i expect that below that level a lot of stop loss from buyers and a lot of short positions will be triggered. and if price moves up from below and closes as a buob, we would have a very strong signal. short-sellers will be in need to cover and a lack of long positions to slow down the move.
meine augen sind die sterne
  • #94,034
  • Apr 19, 2011 3:33am Apr 19, 2011 3:33am
Quoting aserbfx
no, i just re-checked and also some candles in the past are different.
it has something to do with the settings of the bar/candles. i guess you can set them like this: open today < close today then bullish; close yesterday < close today then bullish and so on. maybe you want to check this.
yep you got it, that is the problem. Thanks Aser.
  • #94,035
  • Apr 19, 2011 4:46am Apr 19, 2011 4:46am
Thank you both, I see it now!

Quoting Chris_B
Price broke PPZ and closed below...My order is at the first time back to the PPZ...James16 posted some examples on this...
Quoting vasmiza
this is what i see on the hourly.
Consolidation breakout and then retrace. then Chris enters
  • #94,036
  • Apr 19, 2011 4:50am Apr 19, 2011 4:50am
usd/chf up
eu/us up
gb/us up
???

wot happon ??
PATIENCE... DISCIPLINE
  • #94,037
  • Apr 19, 2011 5:13am Apr 19, 2011 5:13am
Quoting atemiwaza
Thanks for the advice Wizard, its just as helpfull to me knowing what NOT to do as well as what TO do. :-)

P.s someone mentioned your webinar is that part of the private forum?

Thanks
Atemi
Hi Atemi,

No, the webinar is nothing to do with the PF. It's just something I run on a Sunday evening (6pm BST) for a couple of hours to talk strategy and give some insights into how I trade and what I look for and some experiences of my adventures in proprietary futures trading with the big boys.

You are welcome to join. It's free. You just need to send me a PM with your email add.

If you can't send PMs, email me from the site. Don't post your email adds here, spammers will collect them.

Tom
  • #94,038
  • Apr 19, 2011 5:14am Apr 19, 2011 5:14am
4hr trade on EUR/CHF

 

  1. BUOB engulfing 3 previous bars
  2. Excellent location, check 1.2730 ppz on the daily
  3. 61.8 FIB

1.2840 Take profit

Os.

Attached Image (click to enlarge)
Click to Enlarge Name: echfbuob.gif Size: 25 KB
Trade Smart
  • #94,039
  • Apr 19, 2011 5:18am Apr 19, 2011 5:18am
Quoting g_j_hook@yah
usd/chf up
eu/us up
gb/us up
???
wot happon ??
havent checked many pairs, but..
i think eur, aud, gbp upmove have lifted chf crosses

Quoting Osman
4hr trade on EUR/CHF
BUOB engulfing 3 previous bars
Excellent location, check 1.2730 ppz on the daily
61.8 FIB1.2840 Take profit
nice trade Os!
i see 1.2800 didnt matter much
  • #94,040
  • Apr 19, 2011 5:19am Apr 19, 2011 5:19am
Quoting Osman
4hr trade on EUR/CHF

 

  1. BUOB engulfing 3 previous bars
  2. Excellent location, check 1.2730 ppz on the daily
  3. 61.8 FIB

1.2840 Take profit

Os.

nice trade bro, blew right past that RN to your target and the FTA.i like that you closed at that area, very nice


jon
PATIENCE... DISCIPLINE
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