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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

  • #110,141
  • Apr 11, 2012 7:27pm Apr 11, 2012 7:27pm
Quoting Pinbar
4th time in a row that I lose a AU trade

Thoughts about it are welcome.

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Price couldnt penetrate my weekly level for a few days. It was in a range over this period. The last 2 bars had longer lower wicks suggesting lacking power to the downside.
I've decided to set a long entry above the range of the last days.
The order got triggered, but price reversed down, went through the low of the last days and hit my SL. After that it reversed to the upside.
However,...
Could be right Pin, I followed the quoted posts back and came to the 4hr aud pinbar short.

Either way i'll leave my post lolol

Mike
  • #110,142
  • Edited 7:58pm Apr 11, 2012 7:35pm | Edited 7:58pm
Quoting mbqb11
Could be right Pin, I followed the quoted posts back and came to the 4hr aud pinbar short.

Either way i'll leave my post lolol

Mike

Huu.

I got a nasty PM from Beebold about this also.
I still have no idea what both of you are talking about here.

I think we have all got our wires crossed.

This is basically what BB was saying.
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"If you'd taken any time at all to read the thread between me and that guy learning you'd have seen me offer support and advice.

You've shown yourself up again. Got it ALL wrong AGAIN. Mike's shown you that in his post."
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Obviously it is BB who has shown himself up so, elequantly.

Give me a BREAK.

How totally rude, after I posted to the person who asked for advice on it.


EDIT: All I did was reply to this person, then ask BB what it is that he was giving advice about this being a good trade, based upon the chart and text posted. 4 loses in a row, and it was a good trade????????

Is this some kind of Crime around here lately?
  • #110,143
  • Apr 11, 2012 8:49pm Apr 11, 2012 8:49pm
Quoting Chanya
After three years of stumbling , I came across this thread , Now , after 1 month of learning ( From Ghous ) and now , after three months of demoing , I am going to go Live . Wish me Luck ....
Has it been 3 months already?

time flies fast . . .

Anyways, best of luck C!

g.
I believe . . .
  • #110,144
  • Apr 11, 2012 11:38pm Apr 11, 2012 11:38pm
Quoting Pinbar
Nope, it is in traffic as you said and price is just going sideways.

Seems that you are curve fitting the TL.
Learn to follow quote links.



YOU even replied to it?!?! Come on man, if you're going to go to all this trouble, at least get it right.
Mike and I (and you originally although it seems you didn't fancy making much constructive comment about his idea) were talking about the short trade in this link http://www.forexfactory.com/showthre...78#post5555578

And why bring PM's into the public eye? I was pissed off with you so i told you in private. You also chose the worst part to publish. An old trick.

Seems like you are curve fitting reality.
  • #110,145
  • Apr 12, 2012 1:35am Apr 12, 2012 1:35am
will this combination force the price down??
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  • #110,146
  • Edited 1:52am Apr 12, 2012 1:36am | Edited 1:52am
Quoting beebolbod
Learn to follow quote links.



YOU even replied to it?!?! Come on man, if you're going to go to all this trouble, at least get it right.
Mike and I (and you originally although it seems you didn't fancy making much constructive comment about his idea) were talking about the short trade in this link http://www.forexfactory.com/showthre...78#post5555578

And why bring PM's into the public eye? I was pissed off with you so i told you in private. You also chose the worst part to publish. An old trick.

Seems...
Yes it was my trade discussion, Pin. See your post #110067
If not up, then down, otherwise sideways :-)
  • #110,147
  • Apr 12, 2012 2:06am Apr 12, 2012 2:06am
Quoting aslam
will this combination force the price down??
Some comments on the chart too.... it's a tricky one. Another good one to watch and learn from in my view. Choppy, traffic, near BRN. All sorts going on here. Precisely why we aim for easier trades. But it aint invalid (well, not until it's invalidated of course)
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  • #110,148
  • Apr 12, 2012 2:13am Apr 12, 2012 2:13am
Quoting -er-
iam in.
lost it.
theres pin bar at weekly chart.
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Iam just A pips on the rode :nerd:
  • #110,149
  • Apr 12, 2012 2:25am Apr 12, 2012 2:25am
Quoting Chanya
After three years of stumbling , I came across this thread , Now , after 1 month of learning ( From Ghous ) and now , after three months of demoing , I am going to go Live . Wish me Luck ....
Iam just A pips on the rode :nerd:
  • #110,150
  • Apr 12, 2012 2:41am Apr 12, 2012 2:41am
Quoting -er-
lost it.
theres pin bar at weekly chart.
hey -er-

i think there a saver way to trade the pins with PO´s...i would set a sell stop order under the pin

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  • #110,151
  • Apr 12, 2012 2:49am Apr 12, 2012 2:49am
Quoting beebolbod
Some comments on the chart too.... it's a tricky one. Another good one to watch and learn from in my view. Choppy, traffic, near BRN. All sorts going on here. Precisely why we aim for easier trades. But it aint invalid (well, not until it's invalidated of course)
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Beebolbod.
im a bit confused about the pinbar location related to BRN. where is the best location of RN (BRN) if a pinbar is there. i.e. exactly on the body of pin, on shorter wick or on the longer wick of the pinbar??? on your chart the round number u mentioned comes on the body of the pin..I think
  • #110,152
  • Apr 12, 2012 3:06am Apr 12, 2012 3:06am
Quoting bullzeye
hey -er-

i think there a saver way to trade the pins with PO´s...i would set a sell stop order under the pin

Attachment

i will take u r advice.
take alook at thise one.
audusd.
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Iam just A pips on the rode :nerd:
  • #110,153
  • Apr 12, 2012 3:19am Apr 12, 2012 3:19am
Quoting -er-
i will take u r advice.
take alook at thise one.
audusd.
that one looks good IMHO...nice pin, 1.0400 BRN and falling trend line

good luck
  • #110,154
  • Apr 12, 2012 3:19am Apr 12, 2012 3:19am
New episode from the "Before the fact" series :
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  • #110,155
  • Apr 12, 2012 3:24am Apr 12, 2012 3:24am
Quoting aslam
Beebolbod.
im a bit confused about the pinbar location related to BRN. where is the best location of RN (BRN) if a pinbar is there. i.e. exactly on the body of pin, on shorter wick or on the longer wick of the pinbar??? on your chart the round number u mentioned comes on the body of the pin..I think
Really we want these at highs/lows with closure of pin above/below our RN. In this case the pin didn't close below the RN so it's a cause for concern against the pin. Add the space issue and it's very tricky, if it even breaks... remember - if in doubt, stay out.
  • #110,156
  • Apr 12, 2012 4:14am Apr 12, 2012 4:14am
Quoting -er-
i will take u r advice.
take alook at thise one.
audusd.
Cannot understand what TL do u have? My view is that TL is now broken, at least for now. I don't know if it will be back, all I know I see red line on your chart, that looks like a fake TL, I maybe wrong, but u could attached a bigger picture. And this PB is not the rejection of it.
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If not up, then down, otherwise sideways :-)
  • #110,157
  • Apr 12, 2012 4:36am Apr 12, 2012 4:36am
Quoting Rust
New episode from the "Before the fact" series :
Attachment

Hey Rust,

Been looking at this breakout as well. However it is right below the 150 EMA. bit scary for me. And right now its dwindling around the 1.03800 res. Ill wait for the retest of that level if it turns to support.
  • #110,158
  • Apr 12, 2012 4:50am Apr 12, 2012 4:50am
looking for entry at this one. one way or another
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all is eternal - this is good news for people who loves bad news
  • #110,159
  • Apr 12, 2012 4:56am Apr 12, 2012 4:56am
Quoting meshka
looking for entry at this one. one way or another

You mean going short based on the head shoulders pattern?
  • #110,160
  • Apr 12, 2012 4:56am Apr 12, 2012 4:56am
Has anyone recently joined the paid subscription part of the James 16 Group? I am thinking of joining but would like some input from any who may have joined recently, within the last few months. Thanks...
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