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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

  • #104,781
  • Nov 28, 2011 6:54am Nov 28, 2011 6:54am
Quoting Rust
Hey guys ,
a lot of gaps we have here Are you interested in them ?
Things are volatile so I am not going to try to close them without more information. When you get gaps across the board that big and that move that fast it can keep going. I'll use them to look to trade back to close(if a good setup comes up that calls for that either way).

Could be a very interesting week

Mike
  • #104,782
  • Nov 28, 2011 7:45am Nov 28, 2011 7:45am
Quoting mbqb11
Things are volatile so I am not going to try to close them without more information. When you get gaps across the board that big and that move that fast it can keep going. I'll use them to look to trade back to close(if a good setup comes up that calls for that either way).

Could be a very interesting week

Mike
Yes, these gaps have got my attention.
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  • #104,783
  • Nov 28, 2011 7:50am Nov 28, 2011 7:50am
Yeah , it's a crazy start of the week
  • #104,784
  • Edited 10:47am Nov 28, 2011 10:25am | Edited 10:47am
november is a quite month for me..

busy with upcoming semester exams..

so only following H4,Daily(basic stuffs like OBs n PBs..) and looking for quick profits

here is one i took..
BUOB..which missed my target 84.95..
closed it with short profit..lets see if we get a move up furthur..
never mind
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  • #104,785
  • Nov 28, 2011 3:41pm Nov 28, 2011 3:41pm
Quoting AvanishDemo
november is a quite month for me..
.
BUOB..which missed my target 84.95..
closed it with short profit..lets see if we get a move up furthur..
never mind
Hey Avanish,
What was your entry point in this CHFJPY trade? Could you kindly elaborate on that?
Thanks
  • #104,786
  • Nov 28, 2011 5:16pm Nov 28, 2011 5:16pm
Quoting AvanishDemo
november is a quite month for me..

here is one i took..
Hey Avanish, long time

Here's mine. Simple stuff:

Gold- break of inside bar. Closed at 1714, no messing about. Banking the profit.
Nymex (Crude)- 30min PB. Yes, I know, 100BRN below but 1h PB closed underneath...just, but location and story was good. Shame I had a meeting, closed this early before the monster move short. Still, that's 7 winners out of 7 on this pair
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  • #104,787
  • Nov 28, 2011 7:26pm Nov 28, 2011 7:26pm
great area of confluence to watch

my preference is to wait for us to get above the BRN of 80, that is if we make our way higher
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  • #104,788
  • Nov 28, 2011 7:32pm Nov 28, 2011 7:32pm
I bet Jarroo & Mike are watching this area.
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  • #104,789
  • Nov 28, 2011 7:34pm Nov 28, 2011 7:34pm
Quoting supremeChaos
Hello Sir Fx7877,
if i may chime in...

correct me if im wrong.. this Oanda weekly charts havent fully formed. i believe they still have almost 2hours before these weekly candles fully form.

your first 3 charts show 'bullish' Pinbars. ideally, bullish pinbars have their close higher than the open. this is not the case on those 3 charts.

on your 4th & 5th charts, u asked a question. Yes, these pinbars (actually all the pinbars u pointed out) are relatively VERY small. but know that size doesnt always give a guarantee, but Size...
Thanks chaos, your views are definitely appreciated . U r right, the PB are not fully formed as I mentioned it is still forming. Yeah, I feel some of these PB are rather small, but wanted opinions to be sure. Damn its sure hard to find good PB or OB to trade on daily/wkly basis lately. Patience....
  • #104,790
  • Nov 28, 2011 7:39pm Nov 28, 2011 7:39pm
Quoting mbqb11
Thanks SC, good to see you bud

Yep these (if closed) would all be very small to me, in a lot of traffic, or weak closes.

None have that stand out factor and look more like bounces then any significant buying or selling

Best
Mike
Hey Mike,
Thanks for your inputs. Hard to find gd setup lately if one is picky, but I guess that's just the way it is in this biz.

One thing: Do u generally prefer to see bullish PB for BUY setups and bearish PB for SELL setups?
  • #104,791
  • Nov 28, 2011 7:52pm Nov 28, 2011 7:52pm
Quoting Fx7877
Hey Mike,
Thanks for your inputs. Hard to find gd setup lately if one is picky, but I guess that's just the way it is in this biz.

One thing: Do u generally prefer to see bullish PB for BUY setups and bearish PB for SELL setups?
Hey FX

I am not sure what you mean, buying above a pinbar would be only for bullish pinbars(nose sticking down), and selling a pinbar would make it a bearish one(that is nose sticking up)

Sorry if I missed your question
Mike
  • #104,792
  • Nov 28, 2011 8:08pm Nov 28, 2011 8:08pm
Quoting mbqb11
Hey FX

I am not sure what you mean, buying above a pinbar would be only for bullish pinbars(nose sticking down), and selling a pinbar would make it a bearish one(that is nose sticking up)

Sorry if I missed your question
Mike
Hi Mike,
Yes, we shld only buy above PB with nose sticking down. What I mean is if this PB has close lower than opening (red PB, but still with nose sticking down), does it matter? Does the colour of the PB matter in your decision making of entering the trade?
  • #104,793
  • Nov 28, 2011 8:15pm Nov 28, 2011 8:15pm
Quoting Fx7877
Hi Mike,
Yes, we shld only buy above PB with nose sticking down. What I mean is if this PB has close lower than opening (red PB, but still with nose sticking down), does it matter? Does the colour of the PB matter in your decision making of entering the trade?
Generally speaking I like for a strong close, but it's not an absolute for me. Closes are very important though and I recommend keep a close eye. Most people tend to pick small bars with poor closes. That's a double whammy most times

Best
Mike
  • #104,794
  • Nov 28, 2011 8:17pm Nov 28, 2011 8:17pm
Quoting mbqb11
Generally speaking I like for a strong close, but it's not an absolute for me. Closes are very important though and I recommend keep a close eye. Most people tend to pick small bars with poor closes. That's a double whammy most times

Best
Mike
Thanks for the tip!
  • #104,795
  • Nov 28, 2011 10:13pm Nov 28, 2011 10:13pm
Quoting sixteencorp
Hey Avanish,
What was your entry point in this CHFJPY trade? Could you kindly elaborate on that?
Thanks
hey 16..
my entry was 84.65(at the break of BUOB)..
TP was 84.95...SL was reduced to the half of the BUOB

but i see it almost reached my target and reverse back..so i closed out my trade with short profit...

Quoting 5.25
Hey Avanish, long time

Here's mine. Simple stuff:

Gold- break of inside bar. Closed at 1714, no messing about. Banking the profit.
Nymex (Crude)- 30min PB. Yes, I know, 100BRN below but 1h PB closed underneath...just, but location and story was good. Shame I had a meeting, closed this early before the monster move short. Still, that's 7 winners out of 7 on this pair
Nice Tomek...

u shooting some really nice clays in the air!!

Good Trading bud
  • #104,796
  • Nov 29, 2011 12:33am Nov 29, 2011 12:33am
Quoting AvanishDemo
hey 16..
my entry was 84.65(at the break of BUOB)..
TP was 84.95...SL was reduced to the half of the BUOB

but i see it almost reached my target and reverse back..so i closed out my trade with short profit...
anything with at least BE +1 is a winner!

how is going, my friend?

off to tamil nadu and kerala from next friday...
meine augen sind die sterne
  • #104,797
  • Nov 29, 2011 2:17am Nov 29, 2011 2:17am
Quoting aserbfx
anything with at least BE +1 is a winner!

how is going, my friend?

off to tamil nadu and kerala from next friday...
All is fine Aserb!
just busy with stuffs..bit paused with trading..

Happy Journey to southern part! its winter here...
hope u enjoy some beaches,waterfalls and hill stations..

and some bumpy roads
  • #104,798
  • Nov 29, 2011 3:26am Nov 29, 2011 3:26am
Quoting AvanishDemo
All is fine Aserb!
just busy with stuffs..bit paused with trading..

Happy Journey to southern part! its winter here...
hope u enjoy some beaches,waterfalls and hill stations..

and some bumpy roads
...don't forget the mango lassi and sugar cane juice!
  • #104,799
  • Nov 29, 2011 4:11am Nov 29, 2011 4:11am
Cad/Chf is a beauty to watch on H4
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  • #104,800
  • Nov 29, 2011 5:59am Nov 29, 2011 5:59am
Doers anyone here run a Mac? I am thinking of changing and am aware OS X doesn't work with Metatrader but there are ways and means.
I would prefer a package that does the same without having to run a PC emulation etc.
Any information appreciated.
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