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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

  • #99,821
  • Aug 3, 2011 6:21pm Aug 3, 2011 6:21pm
Quoting J.W. Holmes
Are you sure that closed within the previous bar, doesn't look like it did to me

Put a line on your chart at 1.0778ish. This is a good PPZ area which this bar failed to close above. This is more important in my opinion

Jacob

Edit: I see your PPZ that you have drawn on your chart now, I need to where my glasses apparently.

it isn't a PPZ it's the actual price line
  • #99,822
  • Aug 3, 2011 6:22pm Aug 3, 2011 6:22pm
Thanks for the helpful reply supreme. I understand the logic

JR


Quoting supremeChaos
R:R ratio is not the ultimate metric.

let me give u 2 analogies:
u have a task to reach destination 'x'. your goal is to reach it as fast as u can.
which route will u take?
a. short, but rough road. almost guaranteed to give u a quick trip to your destination
b. smooth road but 2x longer than a.

u asked a lady to go out with u on a date. u really like her. u know there's a good chance she'd say 'yes'... but before she does, there's a greater chance that she'd spank u or kick your butt, wrestle u or whatever. will u go through it & try to date...
Be happy, be humble.
  • #99,823
  • Aug 3, 2011 6:26pm Aug 3, 2011 6:26pm
Quoting AQs
it isn't a PPZ it's the actual price line
Understood, I see now. this is what I am looking at with this pair.
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  • #99,824
  • Aug 3, 2011 6:32pm Aug 3, 2011 6:32pm
Quoting J.W. Holmes
Understood, I see now. this is what I am looking at with this pair.
Ty for pointed out that the O/C wasn't within the previous bar, also ty for spend your time to explain that to me
  • #99,825
  • Aug 3, 2011 6:40pm Aug 3, 2011 6:40pm
Quoting AQs
Ty for pointed out that the O/C wasn't within the previous bar, also ty for spend your time to explain that to me
No problem, I am definitely an amateur at this stuff myself. I think there is a good chance this pair could have a bullish day tomorrow, I just don't see this setup being A+. On my feed it isn't even a setup at all with the bar being the way it is.

Best of luck

Jacob
  • #99,826
  • Aug 3, 2011 7:06pm Aug 3, 2011 7:06pm
ok i will get them reposted.

jim



Jim,
I hope you will not forget to post those charts. They are always a treat for us learning to be patient and disciplined. I have all your examples printed in color and read them often like the best book.
Thank you.
PP
  • #99,827
  • Aug 3, 2011 8:23pm Aug 3, 2011 8:23pm
My feed shows more of a doji. Even if it was a pin bar, its size does not justify its previous move.

Be careful, as I don't see a high probability trade on this one. Patience, Patience, Patience.. That word will get your far in this business.

Sincerely,
Consilium.
  • #99,828
  • Aug 3, 2011 8:29pm Aug 3, 2011 8:29pm
Quoting Consilium
My feed shows more of a doji. Even if it was a pin bar, its size does not justify its previous move.

Be careful, as I don't see a high probability trade on this one. Patience, Patience, Patience.. That word will get your far in this business.

Sincerely,
Consilium.
17 posts in 3 years. & your advice is Patience.
Well Sir, Patience you Have & have exhibited it also.
I am reminded yet again of Old & Young Male Cattle.

Nice Advice.

B
  • #99,829
  • Aug 3, 2011 8:45pm Aug 3, 2011 8:45pm
What about differents feeds? We are looking at slightly different charts... the setup I just posted looks different on other brokers... How this could affect our trading?
  • #99,830
  • Aug 3, 2011 8:50pm Aug 3, 2011 8:50pm
Quoting Bemac
17 posts in 3 years. & your advice is Patience.
Well Sir, Patience you Have & have exhibited it also.
I am reminded yet again of Old & Young Male Cattle.

Nice Advice.

B
Hello Bemac,

I'm not sure what to make of your statement but I will take it as a compliment.

I'm more of a reader when it comes to forums and I haven't been around for a while, but yes, patience is one of my virtues

Kind regards,
Consilium
  • #99,831
  • Aug 3, 2011 8:52pm Aug 3, 2011 8:52pm
Quoting AQs
What about differents feeds? We are looking at slightly different charts... the setup I just posted looks different on other brokers... How this could affect our trading?
AQ,

I try to use different feeds. You can do this by creating demo accounts with various brokers. From personal experience, when it comes to pinbars (which is what we are discussing here), the good ones seem to standout in every feed.
  • #99,832
  • Aug 3, 2011 8:55pm Aug 3, 2011 8:55pm
Quoting mach
Hi Guys
I've been going through the free material on the website and learning loads, and also the "not to be missed" posts of the thread. In terms of going back through the thread to get up to speed on the current situation, how many pages back...
hello mach,
it depends on how much time u have & how quickly u assimilate what's shared here.

first, IMHO, u got to do this
http://www.forexfactory.com/showthre...99#post4723499
study this
Pinbar's abbreviation list

read as much as u can of the first 50 - 100+ pages (using the 40posts per page setting), while reading the latest 20 - 50+ pages.
be sure to read the new posts from then on so u learn in real time.

if u have time constraints:
- read the first 20 - 50pages,
- the latest 10-30 pages & stay updated from then on
- read/study all the posts of James16 (& a few seniors if u get more time)


Quoting james16
Total predictions for june was 8 and all 8 were accomplished.
The question for you is can you do the same? Sure you can.
Total pips? I dont know you can go look and count them.
The purpose of the exercise is to make succesful calls.
June-8/8.
yup, i checked, rechecked...cant see it too, Sir.
all i see is SNB &BOJ intervention
  • #99,833
  • Aug 3, 2011 8:57pm Aug 3, 2011 8:57pm
Quoting Consilium
Hello Bemac,

I'm not sure what to make of your statement
Kind regards,
Consilium
Well That's a first... LOL
It was a compliment. Enjoy in comfort.
B
  • #99,834
  • Aug 3, 2011 9:02pm Aug 3, 2011 9:02pm
Quoting Consilium
AQ,

I try to use different feeds. You can do this by creating demo accounts with various brokers. From personal experience, when it comes to pinbars (which is what we are discussing here), the good ones seem to standout in every feed.
k great I will do it
  • #99,835
  • Aug 3, 2011 10:21pm Aug 3, 2011 10:21pm
Quite an impressive BOJ intervention going on right now.
  • #99,836
  • Aug 3, 2011 10:41pm Aug 3, 2011 10:41pm
i should have them up in an hour or two.

jim

Quoting Pip_Predator
ok i will get them reposted.

jim



Jim,
I hope you will not forget to post those charts. They are always a treat for us learning to be patient and disciplined. I have all your examples printed in color and read them often like the best book.
Thank you.
PP
  • #99,837
  • Aug 3, 2011 11:10pm Aug 3, 2011 11:10pm

In the group i have a section called price predictions. I will share those here after a month or so.

Total predictions for june was 8 and all 8 were accomplished.

The question for you is can you do the same? Sure you can.

Total pips? I dont know you can go look and count them.

The purpose of the exercise is to make succesful calls.

This is about predicting price movement and building incredible confidence by demonstrating extremely high accuracy.

If i can have an 80 plus percent hit rate on good set ups do you think it might be very possible to build an account fairly stress free if im only trading great set ups?

Think about that.


June-8/8.



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  • #99,838
  • Aug 3, 2011 11:13pm Aug 3, 2011 11:13pm
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  • #99,839
  • Aug 3, 2011 11:23pm Aug 3, 2011 11:23pm
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  • #99,840
  • Aug 3, 2011 11:30pm Aug 3, 2011 11:30pm
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