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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

  • #97,441
  • Jun 27, 2011 5:55pm Jun 27, 2011 5:55pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting 5.25

With an inside bar for example, I like to see them VERY small in comparison to the previous bar, minimal movement and small body. The closer it is to the description, the 'cleaner' the PA is for me. Throw in a S/R level and you've got yourself a strong trade setup.

Attached is a IB I traded back in April. Hope it helps.
5.25, do you generally enter these on the break of the IB, or the break of the mother bar? Thanks.
  • #97,442
  • Jun 27, 2011 6:16pm Jun 27, 2011 6:16pm
Quoting aserbfx
hi gang,

i am back from a stunning trip to the indian himalaya.
had a great time. memories for a lifetime. thanks to the hospitable indian people and their georgeous landscape and culture.

i attached some pics. i am not good at this photograph-stuff, but you maybe get a glimpse...

hope you all made some green pips.

aserbfx
Wow all of those photos are absolutely amazing. I just moved to Denver and go up to the Rocky Mountains all of the time. With your photos you really captured that feeling of just how small we are in relation to the mountains themselves. The other thing that really strikes me about the people in the Himalayas is just how much more difficult life can be. They understand hard work far beyond anything that I have ever done, and it is just for survival. Makes me feel truely blessed that I am able to live as I do and dedicate my life to things like trading. Seems like that must have been a truely life changing trip. Any memories in particular that stand out from the trip?
  • #97,443
  • Jun 27, 2011 6:34pm Jun 27, 2011 6:34pm
Quoting pipphunter
Hi guys:

I have been learning this thread and the PF for some time. here is a H1 trade on AU. the reasons i enter this trader is:
1. price break donw the major support area
2. H1 pin bars

the trade was closed earlier than expact due to something fishy seems happened. please advise furhter improvement can be made.

cheers

Was in this same one with you. I was stopped out (barely...) as I was running it as a bit of a scout trade. Looks as though the 1.0400 area was proving to be a bit more support than I had originally thought that it may be. Hey, such is the way of trading. Just because this one was stopped out does not mean that I am not keeping an eye on it though. We will see what happens. Sometimes we just have to pay to play
  • #97,444
  • Jun 27, 2011 7:12pm Jun 27, 2011 7:12pm
Question - On the daily chart i have the 365 EMA and on the Weekly i have a 52 EMA is this right?

Also - (out of curiosity) what EMA is best for the 4H and 1H is a 100EMA good for the 1 hour chart???
  • #97,445
  • Jun 27, 2011 7:18pm Jun 27, 2011 7:18pm
Quoting Strick
Question - On the daily chart i have the 365 EMA and on the Weekly i have a 52 EMA is this right?

Also - (out of curiosity) what EMA is best for the 4H and 1H is a 100EMA good for the 1 hour chart???
Hey Strick

The main EMAs you will see here are likely after James, that would be the 365EMA. He applies this too all timeframes. He also uses the 150 ema. These are the 2 most major ones you will see and the easiest to start to learn with.

There are various others people use, but I say stick to the slower ones while grasping the concepts

Best
Mike
  • #97,446
  • Jun 27, 2011 7:25pm Jun 27, 2011 7:25pm
And allways EMA? What about simple and weighted MA's???
  • #97,447
  • Jun 27, 2011 7:33pm Jun 27, 2011 7:33pm
Quoting Strick
And allways EMA? What about simple and weighted MA's???
u can use whatever u want/am comfortable with, but with the method taught here, EMAs are used.

Quoting 5.25
Just beautiful! Here's mine from Annapurna.
I would love to travel with a notebook and trade for a year or two. That is my dream.
Hey Tomek, nice pics too.
i would love to be an architect just like u.
  • #97,448
  • Jun 27, 2011 7:34pm Jun 27, 2011 7:34pm
Quoting supremeChaos
u can use whatever u want/am comfortable with, but with the method taught here, EMAs are used.

Ok cool

Thank you very much (both of you) been meaning to clear this up for a while now...
  • #97,449
  • Jun 27, 2011 7:45pm Jun 27, 2011 7:45pm
Anyone see this one.. Seems kinda close to EMA to take??
Attached Image (click to enlarge)
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  • #97,450
  • Jun 27, 2011 7:57pm Jun 27, 2011 7:57pm
Quoting PIPtaser
Anyone see this one.. Seems kinda close to EMA to take??
The area seems a little crowded to me. I think that MA will be your FTA. Considering the size of the pin and the lack of space. I would be looking for a quick take profit at that MA.

Just my two cents, best of luck

Jacob
  • #97,451
  • Jun 27, 2011 8:14pm Jun 27, 2011 8:14pm
Quoting J.W. Holmes
The area seems a little crowded to me. I think that MA will be your FTA. Considering the size of the pin and the lack of space. I would be looking for a quick take profit at that MA.

Just my two cents, best of luck

Jacob
yep gotta be SUPER careful with something like this. Coming back into a VERY strong box and coming off very strong bullish bars. I would be very careful playing these

Best
Mike
  • #97,452
  • Jun 27, 2011 8:17pm Jun 27, 2011 8:17pm
Thanks JW and MBQ
  • #97,453
  • Jun 27, 2011 8:20pm Jun 27, 2011 8:20pm
Quoting 5.25
Just beautiful! Here's mine from Annapurna.

I would love to travel with a notebook and trade for a year or two. That is my dream.

Tomek
Quoting aserbfx
wow, you did the "around annapurna" trek, i guess. this looks like the area around muktinath or at least east of it. am i right?

Thats Awesome Tomek,
u globe-trotters are lucky. chaps..
me dreaming for Las Vegas

http://t3.gstatic.com/images?q=tbn:A...uEo7PxmF3wl50Q
  • #97,454
  • Jun 27, 2011 8:55pm Jun 27, 2011 8:55pm
Hi Mike & other masters:

thanks for your reply on my post!

I am currently looking at gold daily chart,
1. a pin bar form at BRN 1500.
2. the overall trend the is sort of side way, we have higher low at the current pin, and lower high. it's npt strong uptrend though.
3. the pin is relatively short compare to previous bars

will this be good trade for running up to 1515 area?

cheers
Attached Image (click to enlarge)
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seeing through
  • #97,455
  • Jun 27, 2011 9:03pm Jun 27, 2011 9:03pm
Quoting pipphunter
Hi Mike & other masters:

thanks for your reply on my post!

I am currently looking at gold daily chart,
1. a pin bar form at BRN 1500.
2. the overall trend the is sort of side way, we have higher low at the current pin, and lower high. it's npt strong uptrend though.
3. the pin is relatively short compare to previous bars

will this be good trade for running up to 1515 area?

cheers
Hey Pip

I put some notes on a chart hope it helps

Best
Mike
Attached Image (click to enlarge)
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  • #97,456
  • Jun 27, 2011 9:09pm Jun 27, 2011 9:09pm
Quoting mbqb11
Hey Pip

I put some notes on a chart hope it helps

Best
Mike
I would like to add to Mike's observations something that Nisson said.
"Large Body Candles have a Pivot Point at Mid Body"
Check Mike's Chart.

B
  • #97,457
  • Jun 27, 2011 9:10pm Jun 27, 2011 9:10pm
Quoting mbqb11
Hey Pip

I put some notes on a chart hope it helps

Best
Mike

thanks mike, I am training myself to be patience and picky on trade selection. your advice is greatly helpful!!
seeing through
  • #97,458
  • Jun 27, 2011 9:25pm Jun 27, 2011 9:25pm
Quoting Bemac
I would like to add to Mike's observations something that Nisson said.
"Large Body Candles have a Pivot Point at Mid Body"
Check Mike's Chart.

B

thanks Bemac, it's new idea for me. does it mean if this little pin trigered, the FTA is 1510. there is no much room for running upward?
seeing through
  • #97,459
  • Jun 27, 2011 9:42pm Jun 27, 2011 9:42pm
The power of confluence.
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  • #97,460
  • Jun 27, 2011 10:10pm Jun 27, 2011 10:10pm
Here's one that just triggered for me on EURSGD...

BEOB (by 2pips ) - or could be considered TBLHC. I really like the ppz at 1.7500 that this bar is sitting on and the strong close. What could have made this set up slightly better would be a true test of the the BRN and a close above the bar highs to the left.

I feel this one has high probability to got to FTA - at which point I'll reduce a good bit of risk. If it doesn't break hard, I'll cut it early as I am aware of the ppz at 1.7800 area.
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