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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

  • #95,841
  • Jun 1, 2011 1:57am Jun 1, 2011 1:57am
Quoting Valinn
What is your opinions on this Daily G/J PB

http://img36.imageshack.us/img36/9603/1gj.gif
IMO, to be a qualified pinbar, the close of the pinbar must be within the previous bar range.
  • #95,842
  • Jun 1, 2011 2:35am Jun 1, 2011 2:35am
Quoting TransPorter
IMO, to be a qualified pinbar, the close of the pinbar must be within the previous bar range.
in relation to that, the close must be below the open (for a bearish PB).
  • #95,843
  • Jun 1, 2011 2:51am Jun 1, 2011 2:51am
Quoting supremeChaos
in relation to that, the close must be below the open (for a bearish PB).
Well said, Kabayan! Thank you!
  • #95,844
  • Jun 1, 2011 3:08am Jun 1, 2011 3:08am
Quoting supremeChaos
no worries Sir..

this has a weaker close than the one on jon's (g_j_hook's) charts.
looking at H4 & Daily, i think trouble areas are right below @ 1.6400 RN (just less than 20pips away after the BEOB breaks... if it breaks), 1.66350-80 area, 1.63.

i think there's a good chance this bEOB wont break... or only get a weak break. but a beob break & move...
i agree SC not something im gonna trade. very weak bar in the end.

jon
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PATIENCE... DISCIPLINE
  • #95,845
  • Jun 1, 2011 3:11am Jun 1, 2011 3:11am
Quoting Adilius07
Got some news to share!
Finally got me a J.O.B. in the local Hedge Fund.
Was jobless for almost a year... (but full time study of J16)

So in one month from today (first pay check) look for me in the PF!!!

P.S. Closed May with $25 profit too
congrats Adi good luck mate. your foot is in the door of the trading world lol


jon
PATIENCE... DISCIPLINE
  • #95,846
  • Jun 1, 2011 3:54am Jun 1, 2011 3:54am
what do you think about these possible setups?
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  • #95,847
  • Edited 4:36am Jun 1, 2011 4:04am | Edited 4:36am
Quoting jc.
what do you think about these possible setups?
my reply is to ur 2nd chart(EURCHF,H4):

the DBHLC looks fine but my only worry is 1.22(pointed by arrow n yellow mark)..nothing strong over there but that makes me to skip it..who knows this may even work out..but im skipping it..
lets see how this goes..will be interesting to watch..

EDIT :also lower swing high,i wuld prefer a better swing..JMT(just my thoughts )
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  • #95,848
  • Jun 1, 2011 4:05am Jun 1, 2011 4:05am
How long this downtrend will cotinue? What do you think?
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  • #95,849
  • Jun 1, 2011 4:14am Jun 1, 2011 4:14am
Quoting AvanishDemo
my reply is to ur 2nd chart(EURCHF,H4):

the DBHLC looks fine but my only worry is 1.22(pointed by arrow n yellow mark)..nothing strong over there but that makes me to skip it..who knows this may even work out..but im skipping it..
lets see how this goes..will be interesting to watch..
hey avanish thank you for the answer! i'll look what happen at that level
  • #95,850
  • Jun 1, 2011 4:38am Jun 1, 2011 4:38am
Quoting jc.
what do you think about these possible setups?
i took the 1H BEOB wich started the move. price dropped due to crappy manufacturing PMI numbers,amongst others. im just about to close the trade but i will be looking for an entry if we get a retest of the PPZ it broke through.

the eu/ch doesnt look bad imho. Av pointed out the FTA and there is a couple of hours till the bar closes on my feed yet, but if it breaks a test of those lows seems likely..

jon
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PATIENCE... DISCIPLINE
  • #95,851
  • Jun 1, 2011 4:40am Jun 1, 2011 4:40am
i would have liked this better if it came of this area...


jon
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PATIENCE... DISCIPLINE
  • #95,852
  • Jun 1, 2011 5:56am Jun 1, 2011 5:56am
Quoting TransPorter
Well said, Kabayan! Thank you!
u are welcome, Sir
Quoting Russo
How long this downtrend will continue? What do you think?
price will move in a direction for as long as it wants/can.
with knowledge of S/R, we will have a (good) idea of what price will do, where it will go &/or how far it will move.
read more, post more Sir!
  • #95,853
  • Jun 1, 2011 6:27am Jun 1, 2011 6:27am
good day guys here is a nice setup on the 4 h chart showing a strong weakness an inside combo + a pin bar
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  • #95,854
  • Jun 1, 2011 6:56am Jun 1, 2011 6:56am
4h chart gbp usd to watch head and shoulders pattern is emerging. and may the pips be with u
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  • #95,855
  • Jun 1, 2011 7:12am Jun 1, 2011 7:12am
kiwi is forming a fakey on the pshyco 0.8250 and start showing weakness. and on the dailychart it seemes it will form an inside bar probably so watch it guys
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  • #95,856
  • Jun 1, 2011 7:19am Jun 1, 2011 7:19am
Quoting extremerrage
good day guys here is a nice setup on the 4 h chart showing a strong weakness an inside combo + a pin bar
strong weakness? I see a bullish bar, a failed pin and an upwards movement.
When you have to shoot, shoot. Dont talk.
  • #95,857
  • Jun 1, 2011 7:24am Jun 1, 2011 7:24am
sorry boss. i am new here and i might not know the rules so u can enlighten me ...ciao
  • #95,858
  • Jun 1, 2011 7:43am Jun 1, 2011 7:43am
Quoting extremerrage
sorry boss. i am new here and i might not know the rules so u can enlighten me ...ciao
no rules, friend - just different interpretations
When you have to shoot, shoot. Dont talk.
  • #95,859
  • Jun 1, 2011 7:43am Jun 1, 2011 7:43am
Quoting mbqb11
Hey Kal

Often times the next day can be a pretty strong day since there was an extra day of waiting. I guess it could be a 'let's get back in the game day'. I have seen both though slow next days and strong next days like today too.

Best
Mike
MikeHook

Thanks for the replies on the bank holidays and effect on the markets. One thing i have noticed is that the day after a bankpublic holiday the stock markets like Dow and FTSE seem to have a good day!! Something to do with human psychology along the lines of people in a good mood after a holiday?

Kal
  • #95,860
  • Jun 1, 2011 8:01am Jun 1, 2011 8:01am
Quoting g_j_hook@yah
i took the 1H BEOB wich started the move. price dropped due to crappy manufacturing PMI numbers,amongst others. im just about to close the trade but i will be looking for an entry if we get a retest of the PPZ it broke through.

the eu/ch doesnt look bad imho. Av pointed out the FTA and there is a couple of hours till the bar closes on my feed yet, but if it breaks a test of those lows seems likely..

jon
thank you for the reply.. and great entry on the gbp/chf!!!
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