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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

  • #105,761
  • Jan 10, 2012 7:47pm Jan 10, 2012 7:47pm
Let's see if we can catch this one.

It is on the M30 but it is a weekly level.

EDIT: Hey Mike, just saw your post after I pushed the submit button, this is pure coincidence, is this the setup you are talking about.
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  • #105,762
  • Jan 10, 2012 8:07pm Jan 10, 2012 8:07pm
Quoting Pinbar
Let's see if we can catch this one.

It is on the M30 but it is a weekly level.

EDIT: Hey Mike, just saw your post after I pushed the submit button, this is pure coincidence, is this the setup you are talking about.
Hey Pin

Nope not the same thing. I'll be watching more the BRN a bit lower, but that resistance could turn to support and get us down there.

Hope youre having a nice week
Mike
  • #105,763
  • Jan 10, 2012 8:17pm Jan 10, 2012 8:17pm
Quoting bfis108137
I actually found a solution to this problem. It may not be for everyone but for sure some people could make it work. I found an investor that is a friend of mine...
The 'solution' to lacking self discipline and losing money through poor trading is to manage someone else's money on the basis of the results from a few weeks trading (which gives, statistically speaking, precisely no indication of expected long term results)?

Hm. The only thing that would lead to is an empty account and (at least here - some countries might be a bit more lax) potential jail time.

YMMV.
When you have to shoot, shoot. Dont talk.
  • #105,764
  • Jan 10, 2012 8:27pm Jan 10, 2012 8:27pm
Quoting mbqb11
Hey Pin

Nope not the same thing. I'll be watching more the BRN a bit lower, but that resistance could turn to support and get us down there.

Hope youre having a nice week
Mike

I think you meant, (That support could turn into resistance and get us down there)? Yeah, I realize you are watching the 1.5000

Looks like it is.
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  • #105,765
  • Jan 10, 2012 8:28pm Jan 10, 2012 8:28pm
Quoting Pinbar
I think you meant, (That support could turn into resistance and get us down there)? Yeah, I realize you are watching the 1.5000

Looks like it is.
yep my bad
  • #105,766
  • Jan 10, 2012 8:48pm Jan 10, 2012 8:48pm
Quoting mbqb11
yep my bad

Thanks Mike, as it came from YOU, I was worried it was some esoteric strategy that totally blew my comprehension of S&R away. It did go through my mind for a second there.

Ah, I see what you mean now. Many thanks again.
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  • #105,767
  • Jan 10, 2012 8:53pm Jan 10, 2012 8:53pm
Quoting mbqb11
hey Vyky

I placed some comments on a chart and a scenario I would prefer to see play out myself

Hope it helps
Mike
Hello Mike

Wish that leg you draw previous the move up that break the down tl, dive as far as 1.2816 - 1.2783, the weekly LCS from Jan-2011.

Is that a good level Pinbar, Jarroo?

Best wishes

Hector
  • #105,768
  • Jan 10, 2012 10:43pm Jan 10, 2012 10:43pm
Quoting Pinbar
Hay Lapin

You are doing great and welcome.

I always like to take a look at the Monthly as well as the weekly to get the big picture.

On the monthly we can see that price is just about to test this minor swing point, but on the monthly even a minor SP can be strong.
Hey PB here's a Monthly EG chart I posted in jarroo's forum at the PF. I see a strong monthly PPZ defined by the LCS of the swing point you noted and the HCR of the consolidation area from 2008. Will definitely be worth watching this area.
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  • #105,769
  • Jan 11, 2012 2:46am Jan 11, 2012 2:46am
Hello, this is my first trade of this year, not a perfect pinbar, what do you think?
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Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #105,770
  • Jan 11, 2012 3:17am Jan 11, 2012 3:17am
Quoting Donkey
Hey PB here's a Monthly EG chart I posted in jarroo's forum at the PF. I see a strong monthly PPZ defined by the LCS of the swing point you noted and the HCR of the consolidation area from 2008. Will definitely be worth watching this area.

Yeah D.

Its a trend breeding ground.
  • #105,771
  • Jan 11, 2012 3:28am Jan 11, 2012 3:28am
Quoting smozmo
Hello, this is my first trade of this year, not a perfect pinbar, what do you think?

Not really a PB we want to take a second look at as, the nose does not stick out from the CROWD, it is amongst traffic and above a PPZ.
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  • #105,772
  • Jan 11, 2012 3:36am Jan 11, 2012 3:36am
Thanks for replay Pinbar, at ppz is my take profit, when i took that trade i say is was good for 10-20 pip, lets see what happen(only risk 0,5% at this trade)
Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #105,773
  • Jan 11, 2012 5:19am Jan 11, 2012 5:19am
Quoting PinWing
Hello Mike

Wish that leg you draw previous the move up that break the down tl, dive as far as 1.2816 - 1.2783, the weekly LCS from Jan-2011.

Is that a good level Pinbar, Jarroo?

Best wishes

Hector
Yeah, PW it will be a good place to watch how price reacts to it.
Massive move down.
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  • #105,774
  • Jan 11, 2012 5:55am Jan 11, 2012 5:55am
Moved sl at be+5
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Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #105,775
  • Jan 11, 2012 5:58am Jan 11, 2012 5:58am
This area is going to be interesting to see if, it can make this free fall pause.
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  • #105,776
  • Jan 11, 2012 6:01am Jan 11, 2012 6:01am
Quoting smozmo
Moved sl at be+5
Smozmo

I understand you being keen to trade a PB but, that is not the sort of habit you want to start practicing.

It will compound bad habits, when you should be ironing them out.
As they say, it is better to be out of a trade, wishing you were in, than in a trade wishing you were out.

Just take the good ones, right from the start.
  • #105,777
  • Jan 11, 2012 6:14am Jan 11, 2012 6:14am
Quoting Pinbar
Smozmo

I understand you being keen to trade a PB but, that is not the sort of habit you want to start practicing.

It will compound bad habits, when you should be ironing them out.
As they say, it is better to be out of a trade, wishing you were in, than in a trade wishing you were out.

Just take the good ones, right from the start.
I keep that in mind, thanks
Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #105,778
  • Jan 11, 2012 6:28am Jan 11, 2012 6:28am
Show me the PA! LOL
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  • #105,779
  • Jan 11, 2012 6:44am Jan 11, 2012 6:44am
Probably going to hit the BRN before it falls.
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  • #105,780
  • Jan 11, 2012 6:57am Jan 11, 2012 6:57am
Here is an interesting area to watch for PA.
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