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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

  • #101,041
  • Aug 28, 2011 2:57pm Aug 28, 2011 2:57pm
Quoting Adilius07
No more demo.
I will trade live until i end up on the street or on the Miami beach!
why not open a micro account and trade for 10p /10c per pip.
  • #101,042
  • Aug 28, 2011 3:43pm Aug 28, 2011 3:43pm
Quoting Greenhaze
There were some good, high probability setups in august but one had to keep an eye on lower tfs. This one looks very interesting for number of reasons.
I rather like 0.79572 as a former resistance level. I've been concentrating on the close of the candle of late. Shame it's Bank Holiday in the UK. Expecting a quite day (if not for the carnival).
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  • #101,043
  • Aug 28, 2011 4:02pm Aug 28, 2011 4:02pm
Quoting sh5467
why not open a micro account and trade for 10p /10c per pip.
yes, that's what I do with FX, but this is not possible with stocks...
  • #101,044
  • Aug 28, 2011 4:21pm Aug 28, 2011 4:21pm
Quoting aserbfx
gbp/sgd with a prinbar on friday. not a strong close. let's see if the high break on monday.
Hi Aserbfx

As you say the bearish close isn't good, also as tomorrow is a bank holiday in the UK I am passing on this one. I do like the way price has bounce off the pin bar level twice before.

I know a lot of people are already in the weekly CHF pin bar trade however there is a great daily BEOB on CHFCAD. See chart attached. This is a continuation of the weekly pin bar reversal. So I think this is a great time to get in.
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  • #101,045
  • Aug 28, 2011 4:24pm Aug 28, 2011 4:24pm
Quoting 5.25
I rather like 0.79572 as a former resistance level. I've been concentrating on the close of the candle of late. Shame it's Bank Holiday in the UK. Expecting a quite day (if not for the carnival).
Hi Tomek

i have 0.7960 marked as an exact h1 level where price burst thru the resistance on friday but on strong sustained breakouts i am looking to enter a bit earlier. Couple of pips above 0.8000 would be a good place to put buy limit order imo.....
  • #101,046
  • Aug 28, 2011 6:35pm Aug 28, 2011 6:35pm
watching this level.
break of 1.43 shall take us long.
Healthy bullish PA setup is wat i would be looking for.
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  • #101,047
  • Edited 8:46pm Aug 28, 2011 8:31pm | Edited 8:46pm
Quoting sh5467
You can download a custom bar indicator, however I am not sure it will help looking at 2 day bars. At the end of the day you can play around with the bars until you find a set up that fits. You have to ask yourself what other market participants are going to be using 2 day bars. My gut feeling is that you would be better not trading and wait for a A+ set up on a daily or weekly bar. Don't get me wrong I am equally guilty of doing what you are doing. During last week when there weren't many set ups I started shifting my charts down to H4 bars, this...

I have no idea what you are talking about here, my friend.

Nobody is getting itchy fingers to trade, I already have the indicator and was the one who posted it, I am simply wondering if this can hypothetically be considered a 2DPB, after I read something that suggested it was. Nothing more.
One more try.
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  • #101,048
  • Aug 28, 2011 9:05pm Aug 28, 2011 9:05pm
Quoting gungriffin
Definitely an interesting area. I only have one full S/R line on my charts and it bounced right off of it on Friday.

Attachment

Ryan

Yes, me too a nice weekly PPZ.
The HCR looks like a probable place for it have trouble.
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  • #101,049
  • Aug 29, 2011 1:30am Aug 29, 2011 1:30am
Quoting Pinbar
I have no idea what you are talking about here, my friend.

Nobody is getting itchy fingers to trade, I already have the indicator and was the one who posted it, I am simply wondering if this can hypothetically be considered a 2DPB, after I read something that suggested it was. Nothing more.
One more try.
Yes, this is a 2D PB, why not?

But at the same time this is a 3D Doji. So if you short it now, you actually enter right in the middle of 3D Doji (or indescision bar).

Why would someone enter short on the close of a Doji bar?

Bottom line: We need a much longer tail, so even on 3D it would be still a PB with not a very strong close but still PB... imo
  • #101,050
  • Aug 29, 2011 1:30am Aug 29, 2011 1:30am
Hi all,
NZDJPY touching interesting level.
Jarda
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Follow my trading on Twitter and FB: @pumlitch
  • #101,051
  • Aug 29, 2011 1:48am Aug 29, 2011 1:48am
Anyone watching USD/CAD H4 TF? Possible BO + pullback?
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  • #101,052
  • Aug 29, 2011 2:12am Aug 29, 2011 2:12am
This trade.
I skipped it and watched the price doing what it was supposed to do!
Well, ok, hope someone caught it!
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  • #101,053
  • Aug 29, 2011 4:51am Aug 29, 2011 4:51am
Quoting Adilius07
Yes, this is a 2D PB, why not?

But at the same time this is a 3D Doji. So if you short it now, you actually enter right in the middle of 3D Doji (or indescision bar).

Why would someone enter short on the close of a Doji bar?

Bottom line: We need a much longer tail, so even on 3D it would be still a PB with not a very strong close but still PB... imo

Yeah, I am just trying to get my head around a 2D PB, nothing more.
It is not a trade setup, just drawing of what may or may not constitute a 2DPB.

Thanks Adi
  • #101,054
  • Aug 29, 2011 6:30am Aug 29, 2011 6:30am
Quoting mbqb11
we just had to wait a bit longer, but we got the signal on the 4hr beob
Mike,

For the benefit of learning, this BEOB is Continuation? Not at a Swing high but with trend, and confluence on a BRN?
  • #101,055
  • Aug 29, 2011 6:41am Aug 29, 2011 6:41am
Quoting Donkey
It's taken a few days and patience to sit through drawdown, but per plan, price is to FTA and s/l has been moved. About 50% of risk has been taken out of position.
Got some nice movement to start the week and price is currently testing my second trouble area. I'm locking in about .5R profit and moving stop to 8170...using the RN 8200 and the ppz at FTA to hide the stop.
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  • #101,056
  • Aug 29, 2011 6:54am Aug 29, 2011 6:54am
Quoting Donkey
Got some nice movement to start the week and price is currently testing my second trouble area. I'm locking in about .5R profit and moving stop to 8170...using the RN 8200 and the ppz at FTA to hide the stop.
Jeez D, your chart gave me a shock, saying you were short there.

Glad it's just a typo, and not a trado
  • #101,057
  • Aug 29, 2011 7:15am Aug 29, 2011 7:15am
Quoting Ifmyante
Jeez D, your chart gave me a shock, saying you were short there.

Glad it's just a typo, and not a trado
Yeah...I've been looking at that chart 2x a day since I entered and never noticed the typo....
  • #101,058
  • Aug 29, 2011 7:26am Aug 29, 2011 7:26am
Nice trade, BTW

Here's my 2 cents:
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  • #101,059
  • Aug 29, 2011 7:43am Aug 29, 2011 7:43am
Keeping this one on a tight leash, as I prepare to go to bed.
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  • #101,060
  • Aug 29, 2011 8:11am Aug 29, 2011 8:11am
Quoting sh5467
Hi Aserbfx

As you say the bearish close isn't good, also as tomorrow is a bank holiday in the UK I am passing on this one. I do like the way price has bounce off the pin bar level twice before.

I know a lot of people are already in the weekly CHF pin bar trade however there is a great daily BEOB on CHFCAD. See chart attached. This is a continuation of the weekly pin bar reversal. So I think this is a great time to get in.
well Aserbfx both the GBPSGD & CHFCAD trades are working well, just a case of managing them now. I moved stop to b/e at +100 pips.
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