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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

  • #96,981
  • Jun 20, 2011 11:16pm Jun 20, 2011 11:16pm
Quoting Activer
I'm looking at the EUR/USD H4 Chart, and do some homework

But I'm confused what to do next.


Attachment
Hi Activer, I guess you may need to go through several pages from the 1st to get some idea on Price actions discussed here. this thread is not just talking about Fib trading.
----------------------------- Discipline makes the difference.
  • #96,982
  • Jun 21, 2011 1:38am Jun 21, 2011 1:38am
Quoting Donkey
Nothing at all wrong with waiting...EURO is pretty much sideways for the most part I'm personally hoping to see the 1.4500 area reached in the next day or so.
Yes, Donkey, so am I. No confusion for me.

(Shrek)

Respect to you B.
  • #96,983
  • Jun 21, 2011 2:02am Jun 21, 2011 2:02am
Quoting Pinbar
Almost stopped out at BE.

There was only 0.01 left in it anyway so, it is no big deal.
Could have gone the other way, it just didn't.
I thought I'd ask you as you are clearly the expert in this field.

Was the recent daily pin bar in the euro a classic J16 set up?

Many humble thanks,

KR
  • #96,984
  • Jun 21, 2011 2:44am Jun 21, 2011 2:44am
Quoting AvanishDemo
Yawny day..
It's very contagious!
  • #96,985
  • Jun 21, 2011 3:21am Jun 21, 2011 3:21am
Anyone else looking at this?

Bounced off confluence (PPZ & 2 Fib levels) at 94 with BUOB but didnt close above previous bar high and sitting right on 95 now...

I'm not taking it but I thought i would post it to see if anyone else had a thought on it...

Yes I'm bored too...
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  • #96,986
  • Jun 21, 2011 3:29am Jun 21, 2011 3:29am
Quoting Strick
Anyone else looking at this?

Bounced off confluence (PPZ & 2 Fib levels) at 94 with BUOB but didnt close above previous bar high and sitting right on 95 now...

I'm not taking it but I thought i would post it to see if anyone else had a thought on it...

Yes I'm bored too...
Yes, I got "hooked" by this too. Bought it I did. Did it open lower and close higher?

KR
  • #96,987
  • Jun 21, 2011 3:38am Jun 21, 2011 3:38am
No it didnt open lower or close higher but it had HH and LL the prev bar (if thats what you mean)
  • #96,988
  • Jun 21, 2011 4:26am Jun 21, 2011 4:26am
Quoting Strick
No it didnt open lower or close higher but it had HH and LL the prev bar (if thats what you mean)
I got "hooked" on this bar for very limited risk.

I don't like the markets right now either! I suppose I should keep an eye on the vix for the next few days. It hasn't got to panic status yet, has it? Ancient Greece; where civilisation allegedly began. Not very civilised now, are they?

Let the market stop me out on one of the euro trades. No matter, this is the reason we use trailing stops - to lock in profit! Somebody told me that, once upon a time. I think he had a 9 iron at the time.
  • #96,989
  • Jun 21, 2011 5:43am Jun 21, 2011 5:43am
Well another day of waiting and being patient................let the market come to us.
  • #96,990
  • Jun 21, 2011 7:54am Jun 21, 2011 7:54am
Quoting Donkey
Nothing at all wrong with waiting...EURO is pretty much sideways for the most part I'm personally hoping to see the 1.4500 area reached in the next day or so.
thank you Donkey.


Quoting Dan Gilbert
If you're confused, the best thing to do is nothing. There will be more obvious opportunity down the line.
thanks Dan Gilbert


Quoting CavinK
Hi Activer, I guess you may need to go through several pages from the 1st to get some idea on Price actions discussed here. this thread is not just talking about Fib trading.
thanks Cavink, I had go through from 1st page to 200.
when I read those posts, I think myself understood those posts
But I often feel confuse when I try to analyze charts by myself.
maybe I need to do more homework.
Try to understand English Try to understand Forex
  • #96,991
  • Jun 21, 2011 8:08am Jun 21, 2011 8:08am
BUOVB on m15, h1 and just one on h4. Am i seeing that correct. Thanks.
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  • #96,992
  • Jun 21, 2011 8:28am Jun 21, 2011 8:28am
Quoting Knight Rider
I thought I'd ask you as you are clearly the expert in this field.

Was the recent daily pin bar in the euro a classic J16 set up?

Many humble thanks,

KR

Sorry, been busy trying to get the hell out of Hong Kong, today.


Well, there is no PB after my entry on the BEOB.
Are you confusing that with a PB?
In terms of J16 stuff, I feel it was a typical J16 setup that fit the criteria.

Hope this helps
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  • #96,993
  • Jun 21, 2011 8:41am Jun 21, 2011 8:41am
Quoting Pinbar
Sorry, been busy trying to get the hell out of Hong Kong, today.


Well, there is no PB after my entry on the BEOB.
Are you confusing that with a PB?
In terms of J16 stuff, I feel it was a typical J16 setup that fit the criteria.

Hope this helps
I meant the daily eur/usd (16 June 2011). Thanks for getting back though - it was my fault - I replied on the back of your chart which was unrelated to this pair.

I was suggesting there were a few good set ups (price action) which could of put some people into profitable trades.

Best
KR
  • #96,994
  • Jun 21, 2011 8:44am Jun 21, 2011 8:44am
Quoting Strick
No it didnt open lower or close higher but it had HH and LL the prev bar (if thats what you mean)
"Hook" according to Toby Crabel. Not the best set up by all means, but profitable all the same.

Yes, I did mean the previous bar and my open is 6GMT.

Thanks,
KR
  • #96,995
  • Jun 21, 2011 8:50am Jun 21, 2011 8:50am
Quoting Activer
thank you Donkey.




thanks Dan Gilbert




thanks Cavink, I had go through from 1st page to 200.
when I read those posts, I think myself understood those posts
But I often feel confuse when I try to analyze charts by myself.
maybe I need to do more homework.

I apologise for one of my posts. I was playing letter (a) in your chart this morning, although it may turn into letter (b), or even (c) after midnight, so I have tight stops.

"a" is my preferred option from your chart but as you can see I am knew to this thread too and I learning too. Just a "bloody" lot to read!
  • #96,996
  • Jun 21, 2011 8:52am Jun 21, 2011 8:52am
Quoting huskyboy
BUOVB on m15, h1 and just one on h4. Am i seeing that correct. Thanks.
Hey Husky

Tehcnically yes this is a BUOB

But be careful, James teaches us to look for these at swing low points(where as that is near a swing high). This is then trading right back into the former highs which puts the trouble very very close.

Also remember to follow post one and start out on the daily/weekly, jumping right to a m15 timeframe is VERY VERY difficult to do as tempting as it might be

Hope that helps
Mike
  • #96,997
  • Jun 21, 2011 8:54am Jun 21, 2011 8:54am
Quoting huskyboy
BUOVB on m15, h1 and just one on h4. Am i seeing that correct. Thanks.
You're seeing it correct,

However you are trading one at a swing high, typically that's not the best place to look out for them, as trend continuation bars at swing highs (not at a pull back or a swing low) can be best described as extremely tricky.

Since you're riding on the nose of the plane, you get the first hit if it crashes.

The concepts of "space vs traffic" , "confluence" , "bar size" hence become the ABSOLUTE KEY.

After all you gotta have a good reason. . . a very good one indeed if you want to ride the nose than a seat at the rear end.

Your trade was headed straight into traffic, and that can be detrimental when trading tricky situations.

g.
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I believe . . .
  • #96,998
  • Jun 21, 2011 9:10am Jun 21, 2011 9:10am
Ghous, Mbqb11, thank you very much.

Would you say there would be no entrance for now on EUR/USD ?
  • #96,999
  • Jun 21, 2011 9:11am Jun 21, 2011 9:11am
Quoting ghous
You're seeing it correct,

However you are trading one at a swing high, typically that's not the best place to look out for them, as trend continuation bars at swing highs (not at a pull back or a swing low) can be best described as extremely tricky.

Since you're riding on the nose of the plane, you get the first hit if it crashes.

The concepts of "space vs traffic" , "confluence" , "bar size" hence become the ABSOLUTE KEY.

After all you gotta have a good reason. . . a very good one indeed if you want to ride the nose than a seat at...
As above.
  • #97,000
  • Jun 21, 2011 9:13am Jun 21, 2011 9:13am
Quoting huskyboy
Ghous, Mbqb11, thank you very much.

Would you say there would be no entrance for now on EUR/USD ?
Yeah I would personally look for a better setup.

g.
I believe . . .
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