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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

  • #110,041
  • Apr 9, 2012 4:05pm Apr 9, 2012 4:05pm
Quoting mbqb11
yep when they bunch down this is a sign of equilibrium a lot of times or an agreement in price. Or just to keep it simple usually consolidation followed by the usual breakout as the markets so often do. It can be a good heads up and help spotting these areas too , then we can investigate further



Best
Mike
Hey Mike,watsup buddy?
how is it going in NY?
Hope all is well!
just thought i should say a "quick hi"

P.S:Reading the thread quietly
  • #110,042
  • Apr 9, 2012 4:22pm Apr 9, 2012 4:22pm
Quoting AvanishDemo
Hey Mike,watsup buddy?
how is it going in NY?
Hope all is well!
just thought i should say a "quick hi"

P.S:Reading the thread quietly
Hiya Bud

All is good here I hope the same for you as well

Don't be so quiet

Best
Mike
  • #110,043
  • Apr 9, 2012 4:32pm Apr 9, 2012 4:32pm
Quoting -er-
thise one look ok on the daly chart ,eurdkk.(for the record i heve no idea what
is dkk).
DKK = Danish Krona. I agree it does look ok

Olu
If you think you can or cannot do it you are correct
  • #110,044
  • Apr 9, 2012 6:22pm Apr 9, 2012 6:22pm
Quoting bullzeye
EUR/NZD a lot of demand there, i set a buy stop order above the H4 pinbar

Attachment
Just broke support, in massive downtrend, you would be trading right into resistance. Also bounced back south from former support on monthly. IMHO good pair to look for shorting opportunities
  • #110,045
  • Apr 10, 2012 1:16am Apr 10, 2012 1:16am
What do u think about H4 pinbar on AUD/USD? My view: nice rejection off the trend line (4th in fact), nice pinbar, 50% fib ret. of previous move down. Did not closed below BRN 1.03 although, thats not so good. Is it worth to put a sell stop below 1.03 under the pin? I see traffic, but altogether is it worth it?
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If not up, then down, otherwise sideways :-)
  • #110,046
  • Apr 10, 2012 1:36am Apr 10, 2012 1:36am
Quoting Magestic
What do u think about H4 pinbar on AUD/USD? My view: nice rejection off the trend line (4th in fact), nice pinbar, 50% fib ret. of previous move down. Did not closed below BRN 1.03 although, thats not so good. Is it worth to put a sell stop below 1.03 under the pin? I see traffic, but altogether is it worth it?

Nope, it is in traffic as you said and price is just going sideways.

Seems that you are curve fitting the TL.
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  • #110,047
  • Apr 10, 2012 1:47am Apr 10, 2012 1:47am
a guy who wants to challenge jame http://www.forexfactory.com/showthread.php?t=352213

Does jame know it?
  • #110,048
  • Apr 10, 2012 1:52am Apr 10, 2012 1:52am
Quoting Trader000
a guy who wants to challenge jame http://www.forexfactory.com/showthread.php?t=352213

Does jame know it?
I doubt Jim will give a sh*t
  • #110,049
  • Apr 10, 2012 2:01am Apr 10, 2012 2:01am
Quoting Magestic
What do u think about H4 pinbar on AUD/USD? My view: nice rejection off the trend line (4th in fact), nice pinbar, 50% fib ret. of previous move down. Did not closed below BRN 1.03 although, thats not so good. Is it worth to put a sell stop below 1.03 under the pin? I see traffic, but altogether is it worth it?
This kind of setups provide much more efficient way to play them imo. I would not put much emphasize on that TL but the ppz level is the key here.
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  • #110,050
  • Apr 10, 2012 2:22am Apr 10, 2012 2:22am
Quoting Magestic
What do u think about H4 pinbar on AUD/USD? My view: nice rejection off the trend line (4th in fact), nice pinbar, 50% fib ret. of previous move down. Did not closed below BRN 1.03 although, thats not so good. Is it worth to put a sell stop below 1.03 under the pin? I see traffic, but altogether is it worth it?
It has great structure as a bearish PB and although going into traffic i think this could drop pretty well. I have it on the radar for sure.
I'm watching this for a retrace to around 1.03185 to 1.033 ideally and then i will enter. If it dont do that, i wont take it.

EDIT:- As GH has rightly pointed out, this is all about the test of the PPZ. If the bears win i think we could continue down as the slow climb up has taken out a lot of the buy orders. A fast drop perhaps? Good luck m8!!
  • #110,051
  • Apr 10, 2012 2:38am Apr 10, 2012 2:38am
hi everyone, need ur advice..what is price action indiator?
i've got when reading some thread about pin bars. here's the indi.
i'm newbie n sorry for my english, cause it's not my natives.
thanks in advance
Attached File(s)
File Type: mq4 PriceAction AHA 0_2v2-mod.mq4   51 KB | 408 downloads
  • #110,052
  • Apr 10, 2012 2:58am Apr 10, 2012 2:58am
Quoting nandinistl
hi everyone, need ur advice..what is price action indiator?
i've got when reading some thread about pin bars. here's the indi.
i'm newbie n sorry for my english, cause it's not my natives.
thanks in advance
Not quite sure what your question is i'm afraid. If you're asking what the indicator does, i'm not sure. Perhaps it picks out pinbars/outside bars for you? I used to have one of those a while ago now. It was quite good as a visual aid but as with all indi's needs the human touch

Hope that helps a little.
  • #110,053
  • Apr 10, 2012 4:36am Apr 10, 2012 4:36am
Quoting bullzeye
EUR/NZD a lot of demand there, i set a buy stop order above the H4 pinbar

Attachment
i set my SL to BE...looks good so far, i like the daily pattern also

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  • #110,054
  • Apr 10, 2012 4:36am Apr 10, 2012 4:36am
Quoting beebolbod
As GH has rightly pointed out
I'm sorry, what is GH?
If not up, then down, otherwise sideways :-)
  • #110,055
  • Apr 10, 2012 4:40am Apr 10, 2012 4:40am
Quoting Magestic
I'm sorry, what is GH?
Sorry - Greenhaze. He posted about this one.

Seems to be going ok at the moment eh?
  • #110,056
  • Apr 10, 2012 4:54am Apr 10, 2012 4:54am
CAD/JPY yen pairs on the way down

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  • #110,057
  • Apr 10, 2012 5:00am Apr 10, 2012 5:00am
Quoting beebolbod
Sorry - Greenhaze. He posted about this one.

Seems to be going ok at the moment eh?
Its Ok, and what is much more valuable, that I really learn to think differently after your posts, both you and GH. I know that I'm a little bit one sided in mind still, I'm still a novice, but I'm trying hard to widen my horizons. Thank you.
If not up, then down, otherwise sideways :-)
  • #110,058
  • Apr 10, 2012 5:03am Apr 10, 2012 5:03am
Quoting bullzeye
CAD/JPY yen pairs on the way down

Attachment
Yep, terribly misses GBP/JPY rebound from 130.00 :-(
If not up, then down, otherwise sideways :-)
  • #110,059
  • Apr 10, 2012 5:14am Apr 10, 2012 5:14am
Quoting Magestic
Its Ok, and what is much more valuable, that I really learn to think differently after your posts, both you and GH. I know that I'm a little bit one sided in mind still, I'm still a novice, but I'm trying hard to widen my horizons. Thank you.
Important to learn your own way, whilst following what these guys teach. Being a novice is all about mistakes and learning from them.

This is not really a novice pinbar at all (it's a tricky trade imho) and it's really important to learn from these by watching price after the break and seing how the bar lows/highs provide reactions and cause potential problems, perhaps even total reversal and if not managed properly hitting SL.

What James and Mike try to teach us when starting out is all about removing those doubts as much as possible by trading the best LOCATIONS and SHAPES you can find. This isn't one. But it can work.
  • #110,060
  • Apr 10, 2012 5:21am Apr 10, 2012 5:21am
Quoting Magestic
Yep, terribly misses GBP/JPY rebound from 130.00 :-(
its like a tram, another one is sure to come

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