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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

  • #108,721
  • Mar 13, 2012 8:44am Mar 13, 2012 8:44am
Quoting mbqb11
Hey C

Looks good I would have preferred a stronger looking bar though so for me this is a pass. The idea of playing a continuation bar in this way is correct though

Let's see how it plays out for you

Mike
Thank you. I did not took the trade . I was just watching. How about the same size bar but if it engulfs multiple bars instead of one bar in this case ? Do you consider taking that ?
  • #108,722
  • Mar 13, 2012 8:47am Mar 13, 2012 8:47am
Quoting cprao
Thank you. I did not took the trade . I was just watching. How about the same size bar but if it engulfs multiple bars instead of one bar in this case ? Do you consider taking that ?
Yep if it had more information like that I would consider it for sure.


Best
Mike
  • #108,723
  • Mar 13, 2012 9:00am Mar 13, 2012 9:00am
Quoting mbqb11
Yep if it had more information like that I would consider it for sure.


Best
Mike
Thank you. It means - more engulfing bars and/or stronger bar than this would have provided more confluence to the trade.
  • #108,724
  • Mar 13, 2012 9:01am Mar 13, 2012 9:01am
Quoting Rust
I am watching this one , also . Pass so far , but still monitoring if pulls back to 1.6000 and gives something interesting of a PA .
Lets us see how does it behave on retrace.
  • #108,725
  • Mar 13, 2012 9:01am Mar 13, 2012 9:01am
Quoting cprao
Thank you. It means - more engulfing bars and/or stronger bar than this would have provided more confluence to the trade.
yep exactly C

Often at areas we have many ways to enter.

Basic PA, Touch trades, pure buy/sell breaks etc

I just prefer when we get that basic PA, but then that PA intself also meets strong requirements(like bar size, close, amount of engulfing bars etc).

So we are taking confluence of our setup and adding confluence of the PA bar itself.

This wouldn't be wrong to short either, just depends on ones tolerance really

Have a good one!
Mike
  • #108,726
  • Mar 13, 2012 9:08am Mar 13, 2012 9:08am
Quoting PhAnTi'
554x next....perfect play so far

Attachment
welcome to forex,

not my week at all
Hero calls followed by margin calls...
  • #108,727
  • Mar 13, 2012 9:11am Mar 13, 2012 9:11am
Quoting PhAnTi'
welcome to forex,

not my week at all
quiet month for me here so far, ive only had 2 trades this month one short on NZDUSD which got out at BE

and short AUDUSD which im still in for +205pips
  • #108,728
  • Mar 13, 2012 9:19am Mar 13, 2012 9:19am
Quoting mbqb11
yep exactly C

Often at areas we have many ways to enter.

Basic PA, Touch trades, pure buy/sell breaks etc

I just prefer when we get that basic PA, but then that PA intself also meets strong requirements(like bar size, close, amount of engulfing bars etc).

So we are taking confluence of our setup and adding confluence of the PA bar itself.

This wouldn't be wrong to short either, just depends on ones tolerance really

Have a good one!
Mike
Great !Thank you Mike.
  • #108,729
  • Mar 13, 2012 10:59am Mar 13, 2012 10:59am
Huge 4H H-N-S forming on EURGBP. Wish it were sitting on BRN with horizontal neckline vs the rising TL...
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  • #108,730
  • Mar 13, 2012 11:09am Mar 13, 2012 11:09am
Quoting Donkey
Huge 4H H-N-S forming on EURGBP. Wish it were sitting on BRN with horizontal neckline vs the rising TL...
And beob on daily!!!
  • #108,731
  • Edited 1:31pm Mar 13, 2012 11:13am | Edited 1:31pm
4hr pb on eu with tl, rn and divergence

Edit: Maybe not good enough, dont like it anymore!!!
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  • #108,732
  • Mar 13, 2012 11:48am Mar 13, 2012 11:48am
Guys,

According to my feed, Cable on Daily as we stand is showing up as DBLHC price action, which suggests Cable is going up. Thought I would let you guys know who are in short.

Steve

PS: I like the EU 4H pin bar too, be nice to get a small retrace to 1.3086 to go long. EU Daily is showing as a BEOB at Weekly support.

Quoting PhAnTi'
im even in....check prior posts
Enter Signature
  • #108,733
  • Mar 13, 2012 12:02pm Mar 13, 2012 12:02pm
Quoting dan89
What do you guys think of NZD/USD 4hr pinbar, retrace to sup/res area

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Update:

reached target area

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  • #108,734
  • Mar 13, 2012 12:10pm Mar 13, 2012 12:10pm
Quoting dan89
Update:

reached target area

Attachment
well done Dan, tough to hold through that initial chop, but it payed off for you trusting the bigger box to hold

  • #108,735
  • Mar 13, 2012 1:44pm Mar 13, 2012 1:44pm
cable cheated me... maybe kiwi will give some pips
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all is eternal - this is good news for people who loves bad news
  • #108,736
  • Mar 13, 2012 2:00pm Mar 13, 2012 2:00pm
I see alot of ppl here relatively new taking 4hr trades, taking trades with no PA confirmation, this is dangerous, you really need to trade the basic stuff first at SH and SL's

I see failed trades from all today who i mentioned above, unless you start at the bottom of the ladder and work hard up, these trades i seen mentioned today will fail again and again

HEy, some dont even move off the basic stuff at that can be enough to trade full time from alone.
  • #108,737
  • Mar 13, 2012 2:25pm Mar 13, 2012 2:25pm
Playing out wonderfully today. I love gold at the moment.
2 short trades from 1700. 1st one closed out for full profit when short reached demand zone at 1682.xx. 2nd one on retest of 1700 short still open with SL@BE. Might hold this one....
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  • #108,738
  • Mar 13, 2012 2:42pm Mar 13, 2012 2:42pm
Quoting deankenny21
I see alot of ppl here relatively new taking 4hr trades, taking trades with no PA confirmation, this is dangerous, you really need to trade the basic stuff first at SH and SL's

I see failed trades from all today who i mentioned above, unless you start at the bottom of the ladder and work hard up, these trades i seen mentioned today will fail again and again

HEy, some dont even move off the basic stuff at that can be enough to trade full time from alone.
Hey Dean buddy,

I was wondering what you thought of these charts? I like getting inside the heads of the senior traders. sorry if i am annoying you.

A nice buob on usdjpy, over an important PPZ, with a RN, and a lot of open space above.

Second is, again, a not great looking pinbar, shape wise on gbpnzd, but in a nice area, PPZ, fib levels and a BRN of 1.90000.
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  • #108,739
  • Mar 13, 2012 2:50pm Mar 13, 2012 2:50pm
Quoting heebbyjeeby
Hey Dean buddy,

I was wondering what you thought of these charts? I like getting inside the heads of the senior traders. sorry if i am annoying you.

A nice buob on usdjpy, over an important PPZ, with a RN, and a lot of open space above.

Second is, again, a not great looking pinbar, shape wise on gbpnzd, but in a nice area, PPZ, fib levels and a BRN of 1.90000.
Or any seniors for that matter. I would love to hear some criticisms.
  • #108,740
  • Mar 13, 2012 4:07pm Mar 13, 2012 4:07pm
Pair im keeping an eye on. could take a few days/week before something sets up but im happy to wait.

looking for a break and retest of the trend line, would like to see a retest of the .8300 round number just below the trend line for added weight.

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