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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

  • #109,301
  • Mar 25, 2012 9:52pm Mar 25, 2012 9:52pm
Quoting jarroo
It sure is messy trading into consolidation, that's for sure . .many conflicting levels and methods. .an easy pass for the picky trader.

All I'm saying is that Monthly PBT&CB of the Monthly LCS level may override all over it . .powering through, so to speak.
Totally aware that you are looking at both sides of the coin here Jim.
This is a really good experience because it allows me to look at it from both the perspective of PBT&CB and the base system. This gives me an opportunity to see if both systems work together and possibly, if the base system can add anything to your already great methodology. If it doesn't, I can keep them separate, if it does, all I can say is Wow!
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  • #109,302
  • Edited 10:22pm Mar 25, 2012 9:52pm | Edited 10:22pm
Quoting deankenny21
personally no, i require a minimum of 30 pips to FTA, but i know lurkers in here will take it that trade, so they need to reduce risk asap even if only 10 pips

Keeping it tight is smart way to go in these choppy waters, Dean . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,303
  • Mar 25, 2012 10:03pm Mar 25, 2012 10:03pm
The base is actually showing a stronger sell signal than a buy signal, which has yet to trigger. But, it could be fishy.
Wish Seeking light, would jump in and give us his opinion on the base signal.

Wish-----------Wish-----------------Wish
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  • #109,304
  • Mar 25, 2012 10:17pm Mar 25, 2012 10:17pm
Quoting Pinbar
The base is actually showing a stronger sell signal than a buy signal, which has yet to trigger. But, it could be fishy.
Wish Seeking light, would jump in and give us his opinion on the base signal.

Wish-----------Wish-----------------Wish
Monthly setups can be very powerful . .
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Indicators show the past. Price Action "Indicates" the future.
  • #109,305
  • Mar 25, 2012 10:17pm Mar 25, 2012 10:17pm
Quoting Pinbar
So, what exactly were you suggesting?

Not being funny here DK, I am just interested in why you just gave two conflicting views on the same setup.
excuse me, where did i give conflicting views?

i simply said, its a valid setup, of course not A+
but it is valid off of ppz and 150ema, so nothing wrong with taking it, then the FTA is very very close, so at that point you move to BE.

You have me confused
  • #109,306
  • Mar 25, 2012 10:26pm Mar 25, 2012 10:26pm
Quoting deankenny21
excuse me, where did i give conflicting views?

i simply said, its a valid setup, of course not A+
but it is valid off of ppz and 150ema, so nothing wrong with taking it, then the FTA is very very close, so at that point you move to BE.

You have me confused
I didn't see the conflict either, Dean . .one was being tight and the other being tighter . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,307
  • Mar 25, 2012 10:27pm Mar 25, 2012 10:27pm
Quoting deankenny21
excuse me, where did i give conflicting views?

i simply said, its a valid setup, of course not A+
but it is valid off of ppz and 150ema, so nothing wrong with taking it, then the FTA is very very close, so at that point you move to BE.

You have me confused
Yeeeehaaaaa....here we go again,Mr Pinhead vs deankenny21.I'm backing dk21.
  • #109,308
  • Mar 25, 2012 10:28pm Mar 25, 2012 10:28pm
Quoting edge540
Yeeeehaaaaa....here we go again,Mr Pinhead vs deankenny21.I'm backing dk21.

No, its not that at all . .just a discussion . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,309
  • Mar 25, 2012 10:30pm Mar 25, 2012 10:30pm
Quoting deankenny21
excuse me, where did i give conflicting views?

i simply said, its a valid setup, of course not A+
but it is valid off of ppz and 150ema, so nothing wrong with taking it, then the FTA is very very close, so at that point you move to BE.

You have me confused

Maybe we are both confused about what you meant.

Quoting jarroo
Here's another Cad chart . .Mike and James16 helped me built this story . .

Hey Jim, thanks for the charts

I do not like this minor flip area at the 0.99500

Quoting deankenny21
nothing wrong with that, thats just the FTA where u move to BE at the least.
Quoting Pinbar
That is exactly the point, this area is 10 pips below the low of the daily PB. It does not allow us a buffer and it is almost the high of the weekly BUEOB's previous bar high.

Are you going to take a short trade where the FTA does not allow even a 10 pip buffer, against a weekly BUEOB?
Quoting deankenny21
personally no, i require a minimum of 30 pips to FTA, but i know lurkers in here will take it that trade, so they need to reduce risk asap even if only 10 pips

This is what led me to think, you were saying the daily PB was an ok setup.
  • #109,310
  • Mar 25, 2012 10:31pm Mar 25, 2012 10:31pm
I have read most of they key posts on this amazing thread, and everything seems so logical and straightforward. I have not even started demo trading yet, only reading about forex in general for the past few months. I want to take this process as slow as possible. Anyhow, I have one question so far: Is it more important to focus on a likely area for a trade first (PPZ, FIB ret., etc.), and then look for price action patterns? Or is it more advantageous to find the price action setups first and then look for confluence in terms of location? Thanks so much in advance and I apologize if the answer is stated somewhere else in this thread.
  • #109,311
  • Mar 25, 2012 10:31pm Mar 25, 2012 10:31pm
Quoting edge540
Yeeeehaaaaa....here we go again,Mr Pinhead vs deankenny21.I'm backing dk21.

Quoting jarroo
No, its not that at all . .just a discussion . .

This guy has no positive input, he just appears when conflict exists or tries to encourage it.

As Jim said, we are debating the setup, get a life man.
  • #109,312
  • Mar 25, 2012 10:34pm Mar 25, 2012 10:34pm
Quoting Pinbar

Hey Jim, thanks for the charts

I do not like this minor flip area at the 0.99500




I like that level too . . .9945-50 level. If that PB does break down that level will definitely be in play.
Indicators show the past. Price Action "Indicates" the future.
  • #109,313
  • Mar 25, 2012 10:37pm Mar 25, 2012 10:37pm
Quoting jarroo
I like that level too . . .9945-50 level. If that PB does break down that level will definitely be in play.

It is a tricky one for sure.

This seems the logical time to sit on our hands till we see something like this.
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  • #109,314
  • Mar 25, 2012 10:41pm Mar 25, 2012 10:41pm
Quoting Pinbar
It is a tricky one for sure.
We won't be surprised it Price hits that 0.9950 ..classic James16, trading in a sideways market . .

But that damn previous bar high is in the way . . . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,315
  • Mar 25, 2012 10:43pm Mar 25, 2012 10:43pm
Quoting jarroo
We won't be surprised it Price its that 0.9950 ..classic James16, trading in a sideways market . .

But that damn previous bar high is in the way . . . .

LOL

I know how you feel.
  • #109,316
  • Mar 25, 2012 10:44pm Mar 25, 2012 10:44pm
Quoting Pinbar
It is a tricky one for sure.

This seems the logical time to sit on our hands till we see something like this.

Yes!! Now you're talking, Pinbar . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,317
  • Mar 25, 2012 10:50pm Mar 25, 2012 10:50pm
Quoting jarroo
Yes!! Now you're talking, Pinbar . .

Yeah, just like that guy trying to pour gasoline on the discussion, I wasn't buying that low either. LOL
  • #109,318
  • Mar 25, 2012 10:57pm Mar 25, 2012 10:57pm
Quoting Pinbar
Yeah, just like that guy trying to pour gasoline on the discussion, I wasn't buying that low either. LOL

This one was nice on the EurNzd . .three HCR levels . .PBT&CA . .Bam!! ..
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Indicators show the past. Price Action "Indicates" the future.
  • #109,319
  • Mar 25, 2012 11:06pm Mar 25, 2012 11:06pm
Quoting jarroo
This one was nice on the EurNzd . .three HCR levels . .PBT&CA . .Bam!! ..
Yes, Jim!

The 6 ema seems to have pushed price up also on this pair.
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  • #109,320
  • Mar 25, 2012 11:09pm Mar 25, 2012 11:09pm
Although, I am sure Patrick would have preferred the H4 6 & 25 crossing the 365 and getting charged.


EDIT:
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