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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

  • #97,641
  • Jun 30, 2011 9:30am Jun 30, 2011 9:30am
Quoting mbqb11
Hey Husky

If you look at my line you can see it hitting more concrete points to me making it more accurate

Of course that is just in my opinion

Best
Mike
  • #97,642
  • Jun 30, 2011 9:34am Jun 30, 2011 9:34am
Quoting pex
hit BRN
without me, again
  • #97,643
  • Jun 30, 2011 9:36am Jun 30, 2011 9:36am
Quoting huskyboy
another one, are here all the conditions like they should be, shape fine, at swing low and about space ?
Hey Husky

Have you seen my video on space vs traffic?

Here's a little test for you

Check out that video then draw where you believe the space is. THen part 2 of your test is fine the pinbar setup with a lot of space and a swing high. Part 3 is then compare Parts 1 and Part 2.

i hated homework my whole life, but I think this one may help you

Best
Mike
  • #97,644
  • Jun 30, 2011 9:40am Jun 30, 2011 9:40am
Quoting mbqb11
Hey Husky

Have you seen my video on space vs traffic?

Here's a little test for you

Check out that video then draw where you believe the space is. THen part 2 of your test is fine the pinbar setup with a lot of space and a swing high. Part 3 is then compare Parts 1 and Part 2.

i hated homework my whole life, but I think this one may help you

Best
Mike
i looked at it earlier today, wasn't clear to me, a lot off arrows with a lot of space, less arrows with less space so in this case be back
  • #97,645
  • Jun 30, 2011 10:00am Jun 30, 2011 10:00am
Quoting mbqb11
Hey Husky

Have you seen my video on space vs traffic?

Here's a little test for you

Check out that video then draw where you believe the space is. THen part 2 of your test is fine the pinbar setup with a lot of space and a swing high. Part 3 is then compare Parts 1 and Part 2.

i hated homework my whole life, but I think this one may help you

Best
Mike
Conclusion, no space just traffic. PB at 03/1997 has a lot of space on the left at swing high
  • #97,646
  • Jun 30, 2011 10:05am Jun 30, 2011 10:05am
Quoting huskyboy
Conclusion, no space just traffic. PB at 03/1997 has a lot of space on the left at swing high
I think you meant 2007? But yes you are correct. You just learned more then some people learn in years

Best
Mike
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  • #97,647
  • Jun 30, 2011 10:05am Jun 30, 2011 10:05am
Has anyone ever traded the monthly pin bars? I am very tempted to do it, the only thing that scares me is the large SL and the probably giant fluctuations that the pairs will experience.
  • #97,648
  • Jun 30, 2011 10:11am Jun 30, 2011 10:11am
Quoting thermobee
Has anyone ever traded the monthly pin bars? I am very tempted to do it, the only thing that scares me is the large SL and the probably giant fluctuations that the pairs will experience.

I never traded monthly, but if look at the chart above (which is monthly) I don't see any advantages in it. I'm curious what professional traders think.
  • #97,649
  • Jun 30, 2011 10:11am Jun 30, 2011 10:11am
Quoting Pinbar
Come on Baby!
I think it is time to switch to the Monthly TF on all our charts.
Hi Pin, how discouraged would you be if this pb closed exactly as it is now - not within the body of the previous candle or, being a monthly chart, is this still likely to work out? Thanks
Free speech is an oxymoron
  • #97,650
  • Jun 30, 2011 10:22am Jun 30, 2011 10:22am
nice monthly pb on the uscad too?

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Free speech is an oxymoron
  • #97,651
  • Jun 30, 2011 11:14am Jun 30, 2011 11:14am
Quoting supremeChaos
Hello lovely M,
think of FTAs as either a road hump/pothole or a wall:
if it's a pothole/road hump, a car can get some (minor/major) trouble in/with it but the car will/may be able to pass through it.
if it's a wall, & u ram your head into it, then your head will ache or u will go

now are u ready & able to identify FTAs? (dont forget to categorize them as humps or walls)
[& dont forget that FTAs are S/R's or PPZs --- zones --- too]

(to answer your question... yes, the chart's FTA is very close)...

SC, that's great! Humps, potholes or walls.
When you have a moment, could you post some charts that show a Hump, Pothole and Wall?
This would be GREATLY appreciated!
I have my idea of what these are but would like to compare it to others viewpoints.

Wonder if Mike could jump in on this too????

I base my trade management on S/R after I enter, or as it's referred to hear, FTA, and depending on how strong the First TA or Second TA, etc is, I'll trade accordingly. BUT sometimes the Humps end up being walls.
I suppose this is just trading, but perhaps your or Mike's perspective on how strong a FTA is may shine some light for some of us.
  • #97,652
  • Jun 30, 2011 11:41am Jun 30, 2011 11:41am
Is this what we would like to see? major sup well respected in the past, PB, some space, FTA - 0.90

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Free speech is an oxymoron
  • #97,653
  • Jun 30, 2011 11:57am Jun 30, 2011 11:57am
Would this be classed as a good sell signal (IPB) at a level of res and PPZ? I don't usually look for IPB but thought this one looked particularly good. FTA maybe too close less than 100 pips away.

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Free speech is an oxymoron
  • #97,654
  • Jun 30, 2011 12:42pm Jun 30, 2011 12:42pm
Quoting crusen
SC, that's great! Humps, potholes or walls.
When you have a moment, could you post some charts that show a Hump, Pothole and Wall?
This would be GREATLY appreciated!
I have my idea of what these are but would like to compare it to others viewpoints.

Wonder if Mike could jump in on this too????

I base my trade management on S/R after I enter, or as it's referred to hear, FTA, and depending on how strong the First TA or Second TA, etc is, I'll trade accordingly. BUT sometimes the Humps end up being walls.
I suppose this is just trading, but...

Hey C

If you have some examples of trades you might want to look at let me know and I will do my best.

I basically judge exactly what you said above. I determine strength of my setup vs strength of upcoming trouble areas and manage according to how I feel about that.

Best
Mike
  • #97,655
  • Jun 30, 2011 12:50pm Jun 30, 2011 12:50pm
Done! Next please
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  • #97,656
  • Jun 30, 2011 1:11pm Jun 30, 2011 1:11pm
light crude oil at 23.6% fib and resistance-area.
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meine augen sind die sterne
  • #97,657
  • Jun 30, 2011 1:16pm Jun 30, 2011 1:16pm
nice PB at swing high and there is one forming on daily too.
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  • #97,658
  • Jun 30, 2011 1:20pm Jun 30, 2011 1:20pm
Quoting mbqb11
Hey C

If you have some examples of trades you might want to look at let me know and I will do my best.

I basically judge exactly what you said above. I determine strength of my setup vs strength of upcoming trouble areas and manage according to how I feel about that.

Best
Mike
Ok Mike. In the next day or two I should be able to, thanks
  • #97,659
  • Jun 30, 2011 1:38pm Jun 30, 2011 1:38pm
Quoting Adilius07
Done! Next please
  • #97,660
  • Jun 30, 2011 1:41pm Jun 30, 2011 1:41pm
Quote
BUT sometimes the Humps end up being walls.
Quote
I determine strength of my setup vs strength of upcoming trouble areas and manage according to how I feel about that.
Ok, so it depends on what kind of car you drive too...!!!.
So if you have a good, stong car (good setup) you can go easier through on road humps and maybe through the walls (with BE)....
Oh God I am getting the point....

Monika
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