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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

  • #102,901
  • Oct 11, 2011 4:45am Oct 11, 2011 4:45am
This is what I'm looking at on the 8H EUROUSD charts.

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  • #102,902
  • Oct 11, 2011 4:52am Oct 11, 2011 4:52am
hi guys,

There is nice BEOB on PPZ h4
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  • #102,903
  • Oct 11, 2011 5:29am Oct 11, 2011 5:29am
Quoting featurelion
hi guys,

There is nice BEOB on PPZ h4

Might want to watch out for this First time back to the 150 EMA.
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  • #102,904
  • Oct 11, 2011 5:40am Oct 11, 2011 5:40am
Quoting Pinbar
Might want to watch out for this First time back to the 150 EMA.
So whats ur suggestion PINBAR ...

The area,closing ,BEOB impress me although
  • #102,905
  • Oct 11, 2011 5:43am Oct 11, 2011 5:43am
Starting againg with a new demo account on Daily and 4h time frame ......
Here's the first set up i spotted on Eur/Usd

Beob in confluence with 61%Fib,Round number and Double top.

Let's see!!!!
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Patience is essential
  • #102,906
  • Oct 11, 2011 6:16am Oct 11, 2011 6:16am
Potential 4H head and shoulders forming on GBPAUD....although the BUOB is going against.
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  • #102,907
  • Edited 6:54am Oct 11, 2011 6:18am | Edited 6:54am
Quoting featurelion
So whats ur suggestion PINBAR ...

The area,closing ,BEOB impress me although

I don't have any suggestions about it, it is not my trade, I was simply mentioning the possibility of it bouncing at the 150 EMA.

FTB to the EMA is a J16 touch trade.

EDIT: See pic
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  • #102,908
  • Oct 11, 2011 6:26am Oct 11, 2011 6:26am
Nicely confluenced area....32/62 fib, ppz at BRN 5.700, First Time Back to 150ema

Nice bar shape with strong close...
However bar is small and could have tested previous low better. If it breaks it goes to minor ppz marked on chart 2.
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  • #102,909
  • Oct 11, 2011 6:54am Oct 11, 2011 6:54am
Quoting Donkey
Nicely confluenced area....32/62 fib, ppz at BRN 5.700, First Time Back to 150ema

Nice bar shape with strong close...
However bar is small and could have tested previous low better. If it breaks it goes to minor ppz marked on chart 2.
Take a look on the monthly tf. Multi low with higher close. One could say its a BUOB which already triggered. Imo bias on this pair is still to the upside.

It looks like price is set to fall on EU after the shakeout above the 1.3615 intraday lvl. Lets see
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  • #102,910
  • Oct 11, 2011 7:38am Oct 11, 2011 7:38am
Hi guys,

Just out of curiousity im interested in what broker GMT offset times some of you may be using ?

Obviously the GMT offset will affect the look of certain bars and candles that one trader may see compared to another.

Cheers.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #102,911
  • Oct 11, 2011 7:52am Oct 11, 2011 7:52am
Quoting DarkWolF
Hi guys,

Just out of curiousity im interested in what broker GMT offset times some of you may be using ?

Obviously the GMT offset will affect the look of certain bars and candles that one trader may see compared to another.

Cheers.

DW.
Hi Darkwolf,

I think that most of guys here use Fxpro which is GMT + 3 if i remember correctly.
  • #102,912
  • Oct 11, 2011 7:55am Oct 11, 2011 7:55am
This is a H4 setup that occured on April this year. Not saying that outcome will be the same but does anyone notice similarity to todays PA ?
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  • #102,913
  • Oct 11, 2011 8:15am Oct 11, 2011 8:15am
Good afternoon all.

I am looking for some advice on Inside Bars as its something I am not 100% sure on. I know what an IB is and when entries are meant to be taken (the break of the bar) but what I am not sure about is the location of the bar and the direction of the trade so I have a couple of questions.

1) Are we looking for tradeable IB's to have the same location criteria as a pinbar? (at swing high/low, with space to the left of the 1st bar, at S/R have conf with ema/fibs/BRN)

2) Second question is about the entry. With a pinbar the entry is the break of the pin (so if nose is upwards entry is downwards) but I can't seem to tell what way an entry should be going on an IB. For instance, the attached chart shows an IB forming after a strong push upwards on the AUD/JPY daily. On the assumption this bar met our location criteria, are we looking for price to head south or north? Or does it not matter and we are just trading the direction of the break?

Would really appreciate any advice on this. I have tried my hardest to find information on IB, and there is alot, but I am still none the wiser.
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  • #102,914
  • Oct 11, 2011 8:25am Oct 11, 2011 8:25am
Quoting Martynp
Good afternoon all.

I am looking for some advice on Inside Bars as its something I am not 100% sure on. I know what an IB is and when entries are meant to be taken (the break of the bar) but what I am not sure about is the location of the bar and the direction of the trade so I have a couple of questions.

1) Are we looking for tradeable IB's to have the same location criteria as a pinbar? (at swing high/low, with space to the left of the 1st bar, at S/R have conf with ema/fibs/BRN)

2) Second question is about the entry. With a pinbar the...
Hey Marty

All an inside bar represents is a decreasing in range and being contained within the previous bars range. This is of course simply consolidation. Markets contract and expand on all different levels. So with that said to me and inside bar is strongest and great support and resistance where a breakout is more likely to occur away from this support and resistance. I think they are much trickier to learn then outside bars, pinbars, and the other such bars we use here. Inside bars can be played with a bias, or they can also be straddled(taking a break either way). I prefer them with a bias. So in your example we want to take it all back to the WHY. What is the story. Or Why Should you take the trade. Think of the bar itself more as the trigger point. In your chart price is in a down trend and pulling back to a former support area. So for me a bias downwards would make more sense(IF this is enough confluence for you to take an inside bar on). But that doesn't mean you couldn't play a break long and see if that former support and current resistance can't breakout and turn back to support. Again it will always come back to location and story. They can be similar to pins/outside bars at where you take them. Just remember what the bar represents and then think about how that bar factors into your story.

Best
Mike
  • #102,915
  • Edited 9:24am Oct 11, 2011 8:51am | Edited 9:24am
Do we have a very simple Jarroo setup on AU.

Weekly PB to support the daily PBT&CA.

Trying to make it even simpler.

EDIT: I just moved the SL, it was a little too tight.
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  • #102,916
  • Oct 11, 2011 9:23am Oct 11, 2011 9:23am
Euro keeps getting drawn to this 36 level like a magnet. Very strong area at the moment.
  • #102,917
  • Oct 11, 2011 9:26am Oct 11, 2011 9:26am
Quoting Pinbar
Do we have a very simple Jarroo setup on AU.

Weekly PB to support the daily PBT&CA.

Trying to make it even simpler.

Hello Pinbar, I am new to trading and came across this wonderful thread. Above all, I found your links to price action setups most useful. It is about which I'm writing this, may I know how you decide on your stop loss and take profit targets after taking the trades based on the setups in your link. Thank you for your assistance.
  • #102,918
  • Oct 11, 2011 9:27am Oct 11, 2011 9:27am
Quoting picon1
Euro keeps getting drawn to this 36 level like a magnet. Very strong area at the moment.
Yeah, I took more profit and lowered the SL to give it some room, not too much though.
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  • #102,919
  • Oct 11, 2011 10:57am Oct 11, 2011 10:57am
If euro can get to 3800 with some bearish PA, that would be a sweet spot. THE MA's seemed like its going to converge there too.

NZD/USD, on the other hand, I'm watching this current level for some bearish PA in the daily TF...It's lower TF, however, tells a different story. A decent sized BUOB just formed after a bear flag breaking through some resistance.
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  • #102,920
  • Oct 11, 2011 11:37am Oct 11, 2011 11:37am
Quoting ghous
Almfx!
Hey GoSs...
Long Time... Hope everything's going good
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
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