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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

  • #102,741
  • Oct 6, 2011 1:58pm Oct 6, 2011 1:58pm
Quoting fascist
We seem to have a potential play on EURNZD. PB off 150 EMA, might be a continuation of the impulse push upwards of last week?

Attachment

Anybody could help to see the weekly PPZ? There seem to be a problem on my charts..
this is very close to a rn 1.75, so be careful.
meine augen sind die sterne
  • #102,742
  • Oct 6, 2011 6:22pm Oct 6, 2011 6:22pm
Quoting mbqb11
talk about leaving your footprint on the world

Real sad
He had no Feet. He had Pads.
Thanks Steve. Say hi to John Logie for me.

B
  • #102,743
  • Oct 6, 2011 7:26pm Oct 6, 2011 7:26pm
A little late entry here by about 10 pips, it should work out.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 91 KB
  • #102,744
  • Oct 6, 2011 7:36pm Oct 6, 2011 7:36pm
Watching and learning.

Is this a valid pin bar on GBPUSD?
Attached Image
  • #102,745
  • Edited 8:50pm Oct 6, 2011 7:44pm | Edited 8:50pm
Quoting nikim
Watching and learning.

Is this a valid pin bar on GBPUSD?

Nope, it is a not a PB because the tip is outside the high of the previous bar. Also, be wary of where it stopped dead in its tracks, right at the BRN.

Hope this helps

EDIT: Maybe this chart with the TL and the 50 fibo confluencing with the BRN, will show it clearer.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 149 KB
Click to Enlarge Name: picd.jpg Size: 105 KB
  • #102,746
  • Edited 8:29pm Oct 6, 2011 8:06pm | Edited 8:29pm
The daily close above this weekly LCS.

I am just trying to get in on the potential weekly PB early, with a small stop.

Please note that we usually trade a PB after the break not like this.
This has more to do with the weekly LCS than the PB itself, it is just something I am working on.

I also have adjusted the SL to just below the (oops) H4 LCR, it was too tight.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: picw.jpg Size: 142 KB
Click to Enlarge Name: picd.jpg Size: 94 KB
  • #102,747
  • Oct 6, 2011 9:27pm Oct 6, 2011 9:27pm
Quoting Pinbar
The daily close above this weekly LCS.

I am just trying to get in on the potential weekly PB early, with a small stop.

Please note that we usually trade a PB after the break not like this.
This has more to do with the weekly LCS than the PB itself, it is just something I am working on.

I also have adjusted the SL to just below the (oops) H4 LCR, it was too tight.
... been looking at this all yesterday ...
WARNING: Don't follow me as I'm just learning
  • #102,748
  • Oct 6, 2011 10:25pm Oct 6, 2011 10:25pm
I am at work and need to look at charts, anyone know of any online chart sites where I do not need to download a platform?
  • #102,749
  • Oct 6, 2011 10:26pm Oct 6, 2011 10:26pm
Quoting Pinbar
I am at work and need to look at charts, anyone knoe of any online chart sites where I do not need to download a platform?
http://www.netdania.com

using it now
WARNING: Don't follow me as I'm just learning
  • #102,750
  • Oct 6, 2011 10:33pm Oct 6, 2011 10:33pm
http://www.freestockcharts.com

Quoting Pinbar
I am at work and need to look at charts, anyone know of any online chart sites where I do not need to download a platform?
  • #102,751
  • Oct 6, 2011 10:48pm Oct 6, 2011 10:48pm
Thanks folks.
  • #102,752
  • Oct 6, 2011 10:58pm Oct 6, 2011 10:58pm
Much appreciated, not too sure what HCR means or BRN, but I'm guessing those are strong levels and they will hold well.

Quoting Pinbar
Nope, it is a not a PB because the tip is outside the high of the previous bar. Also, be wary of where it stopped dead in its tracks, right at the BRN.

Hope this helps

EDIT: Maybe this chart with the TL and the 50 fibo confluencing with the BRN, will show it clearer.
  • #102,753
  • Oct 6, 2011 11:02pm Oct 6, 2011 11:02pm
Second attempt to find the pin. The high of the pin bar isnt above the pervious bar. And the low of the pin bar forms a double bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY daily pin.png Size: 9 KB
  • #102,754
  • Oct 6, 2011 11:28pm Oct 6, 2011 11:28pm
Quoting nikim
Second attempt to find the pin. The high of the pin bar isnt above the pervious bar. And the low of the pin bar forms a double bottom.
You got it this time Nikim,

Welcome

Mike
  • #102,755
  • Oct 6, 2011 11:38pm Oct 6, 2011 11:38pm
Thank you Mike.

Been trading for a long time now and while I am profitable as a forex trader I always want to learn more.

Spent much of the last few weeks trying to get a grip on VSA but its not working for me. 15min charts just aren't for me. But these dailies and 4hr and weekly charts. I love em.

Quoting mbqb11
You got it this time Nikim,

Welcome

Mike
  • #102,756
  • Oct 6, 2011 11:41pm Oct 6, 2011 11:41pm
Quoting nikim
Thank you Mike.

Been trading for a long time now and while I am profitable as a forex trader I always want to learn more.

Spent much of the last few weeks trying to get a grip on VSA but its not working for me. 15min charts just aren't for me. But these dailies and 4hr and weekly charts. I love em.
yep, I love them too. So much less stressful and screen time


Good to have you, learning more is always good for all of us.

Mike


An aside, I got an email from a Phil on the contact us page, but no email address was left. If you could resend if you see this
  • #102,757
  • Oct 6, 2011 11:43pm Oct 6, 2011 11:43pm
Quoting Pinbar
The daily close above this weekly LCS.

I am just trying to get in on the potential weekly PB early, with a small stop.

Please note that we usually trade a PB after the break not like this.
This has more to do with the weekly LCS than the PB itself, it is just something I am working on.

I also have adjusted the SL to just below the (oops) H4 LCR, it was too tight.
i risk 30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: (@M$$E55EGTTSH6M4AIHNOD.jpg Size: 69 KB
A chart helps those who can read it.
  • #102,758
  • Oct 7, 2011 12:36am Oct 7, 2011 12:36am
Quoting nikim
Much appreciated, not too sure what HCR means or BRN, but I'm guessing those are strong levels and they will hold well.
Hello Sir nikim,
HCR = Highest Close Resistance
BRN = Big round number

check out Pinbar's abbreviation list for more
  • #102,759
  • Oct 7, 2011 1:32am Oct 7, 2011 1:32am
Quoting Bemac
He had no Feet. He had Pads.

B
That is sad news but it might end as his best marketing move ever. Now all the hardcore apple fans will feel that sentimental urge to buy new Iphone 5. I'm starting to feel it now

R.I.P Steve
  • #102,760
  • Oct 7, 2011 1:51am Oct 7, 2011 1:51am
Quoting Pinbar
Nope, it is a not a PB because the tip is outside the high of the previous bar. Also, be wary of where it stopped dead in its tracks, right at the BRN.

Hope this helps

EDIT: Maybe this chart with the TL and the 50 fibo confluencing with the BRN, will show it clearer.
Could we not look at it as BUEOB? I know it's risky taking it as the entry is very close to short term downtrend on a daily.
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