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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

  • #109,121
  • Mar 21, 2012 5:57pm Mar 21, 2012 5:57pm
A number of lessons in this one trade. Not impressed I cut out short:

- NZDCHF D1 chart. Space, support level broken entry on retest. Pip perfect. All well and good so far...
- Trading nicely, baby sitting all day till a 4H PB shows up. Trade closed. Where's this PB trading into? Straight into traffic. What did it do? Fail.
- D1 chart closed as I would have wanted.

Repeat the mantra: Plan your trade, trade your plan. Plan your trade, trade your plan... om mani padme hum...
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  • #109,122
  • Mar 21, 2012 6:16pm Mar 21, 2012 6:16pm
Quoting PhAnTi'
goodie goodie :

Attachment
starting ...

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Hero calls followed by margin calls...
  • #109,123
  • Mar 21, 2012 6:24pm Mar 21, 2012 6:24pm
Quoting jarroo
I like the Weekly levels and the current Daily IB looks good . .

Should be fun to watch . .

Update on the the ChfJpy . .
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Indicators show the past. Price Action "Indicates" the future.
  • #109,124
  • Mar 21, 2012 6:35pm Mar 21, 2012 6:35pm
Quoting mbqb11
Hey FxT

Check out this post and see if you can guess my answer
http://www.forexfactory.com/showthre...94#post5494494


Best
Mike
Thank would probably be a no then.

But the interesting thing is that the 4h chart does show the same pin with much more strength. Does this change anything? I am guessing that this might be a good example of why the daily is more reliable than the 4h... (?)
  • #109,125
  • Mar 21, 2012 6:41pm Mar 21, 2012 6:41pm
Quoting PhAnTi'
Attachment

Attachment

Cool charts, PhAnTi' . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,126
  • Mar 21, 2012 6:47pm Mar 21, 2012 6:47pm
Quoting PhAnTi'
i love trading retests of breakouts especially if we follow the trend.

A straight and strong pushbar bashing a previous major support or resistance level symbolizes a clear trend,way,direcction...call it however you like to....

if we then get a retest of prior trouble area we can enter very very cheap just by following the upcoming trend with a tiny stop and a huge target ( in swinging ) with a high successrate.... see example below ... ( check as well the eu h1 example above )

hope this is useful to at least one of the readers and followers...

. .and the charts keep coming. . .nice work . .PhAnTi' . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,127
  • Mar 21, 2012 6:52pm Mar 21, 2012 6:52pm
Bet Jarroo has got his eye on this
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  • #109,128
  • Mar 21, 2012 6:57pm Mar 21, 2012 6:57pm
EurJpy . .Daily BEOB .

If can get past this previous bar high it looks good .
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Indicators show the past. Price Action "Indicates" the future.
  • #109,129
  • Mar 21, 2012 7:06pm Mar 21, 2012 7:06pm
Quoting jarroo
EurJpy . .Daily BEOB .

If can get past this previous bar high it looks good .

Similar setup on CHF/JPY, with a Yummy looking consolidation box on the weekly.
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  • #109,130
  • Mar 21, 2012 7:07pm Mar 21, 2012 7:07pm
Quoting Pinbar
Bet Jarroo has got his eye on this
Yeah that's a great level (area) Pinbar . .Looks cooler on the monthly . .
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Indicators show the past. Price Action "Indicates" the future.
  • #109,131
  • Mar 21, 2012 7:09pm Mar 21, 2012 7:09pm
Quoting PhAnTi'
starting ...
Quoting jarroo
Cool charts, PhAnTi' . .
I second that!
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  • #109,132
  • Mar 21, 2012 7:10pm Mar 21, 2012 7:10pm
Quoting Pinbar
Similar setup on CHF/JPY, with a Yummy looking consolidation box on the weekly.

Yeah, its on many of the Yens pairs . .that's a good sign.

The only problem is their size . .would like to see them Bigger . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,133
  • Mar 21, 2012 7:11pm Mar 21, 2012 7:11pm
Quoting 5.25
I second that!
Hey T! what's up bro? . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,134
  • Mar 21, 2012 7:20pm Mar 21, 2012 7:20pm
Quoting jarroo
Yeah, its on many of the Yens pairs . .that's a good sign.

The only problem is their size . .would like to see them Bigger . .

Yes, I agree, looks almost like bait.
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  • #109,135
  • Mar 21, 2012 7:29pm Mar 21, 2012 7:29pm
Quoting jarroo
Hey T! what's up bro? . .
Hey Jim! Good to have you pop by. Exemplary charts as always.

Committing times ahead I'm afraid. 5hrs sleep, demanding boss, demanding gf, part time studies and a newly acquired mortgage. Full renovation, buy cheap sell high

And then there's trading...

Tomek
  • #109,136
  • Mar 21, 2012 7:44pm Mar 21, 2012 7:44pm
Quoting Pinbar
Yes, I agree, looks almost like bait.

lol yeah you're right . .looks like a poodle BEOBs . .bring on the Pitbulls .
Indicators show the past. Price Action "Indicates" the future.
  • #109,137
  • Mar 21, 2012 7:45pm Mar 21, 2012 7:45pm
Quoting 5.25
Hey Jim! Good to have you pop by. Exemplary charts as always.

Committing times ahead I'm afraid. 5hrs sleep, demanding boss, demanding gf, part time studies and a newly acquired mortgage. Full renovation, buy cheap sell high

And then there's trading...

Tomek

I hear ya, T . . . .great time to buy . . . .congrats
Indicators show the past. Price Action "Indicates" the future.
  • #109,138
  • Mar 21, 2012 8:01pm Mar 21, 2012 8:01pm
Quoting 5.25
Hi Yehuda

I'm not Mike, but I see the PPZ at 1719 as a clear obstacle. If price would have closed above it, I'd reconsider. But as far as I'm concerned, it is still holding up as resistance until proven otherwise. An easy pass for me. A good level to watch though.
Classic chart . .T .
Indicators show the past. Price Action "Indicates" the future.
  • #109,139
  • Mar 21, 2012 8:13pm Mar 21, 2012 8:13pm
Quoting fxterrapin
Thank would probably be a no then.

But the interesting thing is that the 4h chart does show the same pin with much more strength. Does this change anything? I am guessing that this might be a good example of why the daily is more reliable than the 4h... (?)
Hey Fxt

No chart is really more reliable, its just about understanding the information on that timeframe.

If it's the pin I think (see chart). The answer is still what makes this a good pinbar? Size? Ehh so so. Nose and bar sits lower so the nose needs to be longer for me to think reversal. Confluence? None really. Prior strength, very bullish. Trading right back into the former swing high. Next bar has no momentum. Etc. Does this mean price CANT go down. Absolutely not. But actually that's not really what is relevant if you know what I mean.


So see you can always make your analysis on the information at hand. Well at least that's what I do .

Hope this helps a bit
Mike
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  • #109,140
  • Mar 21, 2012 9:53pm Mar 21, 2012 9:53pm
Quoting mbqb11
updated charts

keep things simple guys, don't be fooled into making this more then what it is. Learn the concepts James teaches, and practice the hell out of them. It's amazing what time and practice allows us to do with trading.
Mike, Is the reason same for passing both the trades ?
1) GBPCHF - Attached
2) EURAUD - The one you just passed ?
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