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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

  • #107,521
  • Feb 16, 2012 2:16pm Feb 16, 2012 2:16pm
Quoting mbqb11
To further expand

This is James16 at its best really

Here is a further breakdown


Timeframe doesn't matter, but timeframes matter when starting out. Most jump to the 5min and just trade themselves to death.

This is a spot on example from Dean, that can teach a ton. Thanks for sharing D

Best
Mike
Print that chart out .in color . .enlarge it . .and stick on the wall. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #107,522
  • Feb 16, 2012 3:22pm Feb 16, 2012 3:22pm
Hello everyone!
Despite little experience with the PA, but sometimes there are disputes, when it is difficult to determine the future direction, it is now.

When i looked at EURUSD H1, my first question is - where we go? Decrease scale of my chart, i find not bad PPZ with 50% and divergеnce on RSI. Pinbar slightly pierced ppz and giving a chances to take profit.
But, from other side, pinbar over "trendline", which serves as support for price and dont let price down. In other words, price is clamped between PPZ and "trendline"

Who thinks what about it?
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  • #107,523
  • Feb 16, 2012 3:46pm Feb 16, 2012 3:46pm
I wanted to know your thoughts on this situation? What do you think about this BUOB? If it I not slept this moment, I would a buy.
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It's only after we've lost everything that we're free to do anything.
  • #107,524
  • Edited 3:55pm Feb 16, 2012 3:54pm | Edited 3:55pm
Quoting Alexandr51
I wanted to know your thoughts on this situation? What do you think about this BUOB? If it I not slept this moment, I would a buy.
Hello Alex
I think, so, if you waiting close bar at D1(daily), then we can to buy, because we can get nice pinbar from daily PPZ. This is good signal, imho.
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  • #107,525
  • Feb 16, 2012 4:22pm Feb 16, 2012 4:22pm
Quoting Relrin
Hello Alex
I think, so, if you waiting close bar at D1(daily), then we can to buy, because we can get nice pinbar from daily PPZ. This is good signal, imho.
no pin here....
  • #107,526
  • Feb 16, 2012 4:37pm Feb 16, 2012 4:37pm
Quoting jarroo
I wouldn't say they were "fake", just very very weak . .
told it to my mind but it wasnt satisfied so I loudly declared they are FAKE.
he believed and I had a nice peaceful dream
all is eternal - this is good news for people who loves bad news
  • #107,527
  • Feb 16, 2012 4:38pm Feb 16, 2012 4:38pm
Quoting Alexandr51
I wanted to know your thoughts on this situation? What do you think about this BUOB? If it I not slept this moment, I would a buy.
The shape of the bar setup is good . The location (although it's too zoomed to see clearly) looks also good . The one thing that bothers me is that we come from a very very sharp move , so you will be fighting against it ! I know it is a up to style here , but at least for me this kind of setups are 100% pass .

My suggestion is to zoom out a little bit , so you can see easier your PPZ and compare your PA size to overall movements and other bars .
  • #107,528
  • Feb 16, 2012 5:02pm Feb 16, 2012 5:02pm
Quoting beebolbod
no pin here....
Why do you think there is no pin bars here ?
Is the right place.
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  • #107,529
  • Feb 16, 2012 5:03pm Feb 16, 2012 5:03pm
Quoting Vojin71
Why do you think there is no pin bars here ?
Is the right place.
To qualify as a pin , it must close within the prior bar
  • #107,530
  • Feb 16, 2012 5:05pm Feb 16, 2012 5:05pm
Quoting Rust
The shape of the bar setup is good . The location (although it's too zoomed to see clearly) looks also good . The one thing that bothers me is that we come from a very very sharp move , so you will be fighting against it ! I know it is a up to style here , but at least for me this kind of setups are 100% pass .

My suggestion is to zoom out a little bit , so you can see easier your PPZ and compare your PA size to overall movements and other bars .
Thank you for clarifying your situation.
It's only after we've lost everything that we're free to do anything.
  • #107,531
  • Feb 16, 2012 5:11pm Feb 16, 2012 5:11pm
Quoting Alexandr51
Thank you for clarifying your situation.
There are a couple of easier range setups to play one on usdchf im out at mo so cant post.chart sorry
  • #107,532
  • Feb 16, 2012 5:38pm Feb 16, 2012 5:38pm
Quoting Rust
To qualify as a pin , it must close within the prior bar
Thank you bro
  • #107,533
  • Feb 16, 2012 7:59pm Feb 16, 2012 7:59pm
CHART
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  • #107,534
  • Feb 16, 2012 8:08pm Feb 16, 2012 8:08pm
Quoting james16
CHART
ah yes James, i took this, got well over 2 to 1 in one day on this trade, just the way i like it
  • #107,535
  • Feb 16, 2012 8:17pm Feb 16, 2012 8:17pm
Quoting biDc
Look how much this pair offered the past week.

This stuff definitely works. That's why I'm learning it.
Continuing with that post. Already two more trades to add to just one pair.
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  • #107,536
  • Feb 16, 2012 8:18pm Feb 16, 2012 8:18pm
UPDATE

Quoting james16
CHART
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  • #107,537
  • Feb 16, 2012 8:20pm Feb 16, 2012 8:20pm
VERY NICE.

Quoting deankenny21
ah yes James, i took this, got well over 2 to 1 in one day on this trade, just the way i like it
  • #107,538
  • Feb 16, 2012 8:24pm Feb 16, 2012 8:24pm
Quoting james16
UPDATE
James,
How do u set alert to go to your mobile? Is the service free? Thks
  • #107,539
  • Feb 16, 2012 8:28pm Feb 16, 2012 8:28pm
Quoting james16
UPDATE
Jim, I drew that TL as well but I connected the lows instead. I had a buy limit around there but price did not go down low enough for it to trig. What was the reason for connecting the TL the way you drew it? Solely based on experience?

Thanks!
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  • #107,540
  • Feb 16, 2012 9:04pm Feb 16, 2012 9:04pm
there is nothing wrong with the way you did it. yours is spot on. when im trying to get a pivot and a trendline to line up the most critical thing to me is do they line up on a large round number? as a result i will fudge just a hair. your trendline and your pivot interesection MUST HAVE CONFLUENCE WITH A LARGE ROUND NUMBER ESPECIALLY IF YOU ARE NOT USING A BAR CONFIRMATION.


Quoting biDc
Jim, I drew that TL as well but I connected the lows instead. I had a buy limit around there but price did not go down low enough for it to trig. What was the reason for connecting the TL the way you drew it? Solely based on experience?

Thanks!
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