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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

  • #108,621
  • Mar 9, 2012 5:59am Mar 9, 2012 5:59am
Hi,
what do you think about this?
We already have 2D Pinbar @1.30 but I'm worried about trading into this major PPZ when weekly PB breaks...
Maybe better idea is to wait until LTL is broken and tested ?

2-day:
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weekly:
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  • #108,622
  • Mar 9, 2012 6:33am Mar 9, 2012 6:33am
Good morning my lovely friends,

Has anyone ever been able to get win rates of up to +85,90% by using gut feel? ...... like.... without a lot of your existing criteria been met and yet you encounter success after success like over 100 scenarios but you're still not totally comfortable in taking them and you're slightly confused as why you're not that excited because you're skeptical??????????????????????????
  • #108,623
  • Edited 6:46am Mar 9, 2012 6:34am | Edited 6:46am
Quoting mbqb11
I am a wuss though that likes the confirmation
Glad I'm not the only one! I take trades when I see something that isn't necessarily PA, but when I see it, I can read "bullish" or "bearish", and it is successful most of the time, but to me, PA makes me feel better about taking a trade, and that is enough. I don't like to sweat a trade.


Quoting Variance
Good morning my lovely friends,

Has anyone ever been able to get win rates of up to +85,90% by using gut feel? ...... like.... without a lot of your existing criteria been met and yet you encounter success after success like over 100 scenarios but you're still not totally comfortable in taking them and you're slightly confused as why you're not that excited because you're skeptical??????????????????????????

Variance, sounds like a classic case of talent vs skill.
Currency is a joke. And that's precisely why I trade it.
  • #108,624
  • Mar 9, 2012 6:56am Mar 9, 2012 6:56am
Quoting MtDarkness
Variance, sounds like a classic case of talent vs skill.
problem is i don't know how to optimize my skepticism towards that "talent............................???????????????
  • #108,625
  • Mar 9, 2012 7:20am Mar 9, 2012 7:20am
well.. gold is ripen
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all is eternal - this is good news for people who loves bad news
  • #108,626
  • Edited 8:16am Mar 9, 2012 8:00am | Edited 8:16am
Quoting meshka
well.. gold is ripen
More please I'm in awe.... this thread should be published in a book entitled "Real Market Wizards".....

I feel so blessed lol
  • #108,627
  • Mar 9, 2012 8:19am Mar 9, 2012 8:19am
Quoting deankenny21
Wow this is a nice one, NZDUSD 4hr pinbar, with 150EMA and ppz area, support turning into resistence.
here is a perfect example why we look for conluences to go with our pa bars
I took this pb marked in blue, my confluence was the 150ema (blue line) and the PPZ, FTA is the red line price is at now, so stop now moved to BE, but i took some heat on this as you can see, price didnt quite reach FTA and started coming back up, but got to the EMA and immedieatly retreated down again, if you look for these confluences you can really stack the odds in your favour, im now risk free on this one
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  • #108,628
  • Mar 9, 2012 8:42am Mar 9, 2012 8:42am
gold rush
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all is eternal - this is good news for people who loves bad news
  • #108,629
  • Mar 9, 2012 8:43am Mar 9, 2012 8:43am
Quoting deankenny21
here is a perfect example why we look for conluences to go with our pa bars
I took this pb marked in blue, my confluence was the 150ema (blue line) and the PPZ, FTA is the red line price is at now, so stop now moved to BE, but i took some heat on this as you can see, price didnt quite reach FTA and started coming back up, but got to the EMA and immedieatly retreated down again, if you look for these confluences you can really stack the odds in your favour, im now risk free on this one
Very solid Dean. Exceptionally fine play.... I just noticed that all my charts are different probably because it's the London close...... I'm trying to figure out how I could possibly have achieved the same win rate with different charts...... or maybe that's why i'm getting all these instinct intuitions/gut feels without proper PA coz you guys see it as standard PA but i see them with different representational candles.......

Man.... I can see and feel something major that is about to be discovered....

Looks like I'm barely scratching the tip of the iceberg
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  • #108,630
  • Mar 9, 2012 8:53am Mar 9, 2012 8:53am
Quoting Variance
Very solid Dean. Exceptionally fine play.... I just noticed that all my charts are different probably because it's the London close...... I'm trying to figure out how I could possibly have achieved the same win rate with different charts...... or maybe that's why i'm getting all these instinct intuitions/gut feels without proper PA coz you guys see it as standard PA but i see them with different representational candles.......

Man.... I can see and feel something major that is about to be discovered....

Looks like I'm barely scratching the...
Thing is in this case, if people have different closes from charts posted, is trade what YOU see, you might see a pinbar one day thats a winner, but for me it wasnt a pinbar, but then i will see one and u dont like this one.
  • #108,631
  • Mar 9, 2012 9:15am Mar 9, 2012 9:15am
Quoting Donkey
Happy to....been out of pocket a few weeks.

I normally trade combination bars, but I sold the USDCAD yesterday 8H yesterday....couldn't help it with the strong close and parity there.

2% to the account in 12 hours . Thanks to mike, jarroo and J16. Trade progression below (moved stop slightly right after entry).
nice one D
  • #108,632
  • Mar 9, 2012 9:19am Mar 9, 2012 9:19am
Trend line,150 ema. interesting
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  • #108,633
  • Mar 9, 2012 9:26am Mar 9, 2012 9:26am
Box powerful?!
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  • #108,634
  • Mar 9, 2012 9:44am Mar 9, 2012 9:44am
The line of a trend the strong. 1.1000!?
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  • #108,635
  • Mar 9, 2012 9:49am Mar 9, 2012 9:49am
GBPUSD.. 3 engulfing over 6 days. it looks very bearish to me. what do you guys think?

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but i was kind of surprised it hit 1.5800 yesterday.
  • #108,636
  • Mar 9, 2012 10:18am Mar 9, 2012 10:18am
Quoting fascist
GBPUSD.. 3 engulfing over 6 days. it looks very bearish to me. what do you guys think?

Attachment

but i was kind of surprised it hit 1.5800 yesterday.
Looking at the weekly chart, the eye can see bears, but mentally I want to buy, 1.58000 can again see!?
  • #108,637
  • Mar 9, 2012 1:45pm Mar 9, 2012 1:45pm
Gosh... this was really quick up-reverse... thanks god I was at the BE and took small part at 1683... well... will look for the next oppoortunity
all is eternal - this is good news for people who loves bad news
  • #108,638
  • Mar 9, 2012 3:58pm Mar 9, 2012 3:58pm
Orange?


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  • #108,639
  • Mar 9, 2012 4:31pm Mar 9, 2012 4:31pm
anyone caught this pinbar on g/u? NICE location. on these setups i like to risk more so risked 2% on this one and got 4% out of it. should've held longer but i'm happy with this trade!
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  • #108,640
  • Mar 9, 2012 11:13pm Mar 9, 2012 11:13pm
Quoting brzvadeg
Looking at the weekly chart, the eye can see bears, but mentally I want to buy, 1.58000 can again see!?
technically, why would you like to buy at that level? im puzzled.
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