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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

  • #111,321
  • May 5, 2012 11:30am May 5, 2012 11:30am
Quoting Ender2492
I know that this isn't a textbook pinbar, but it does represent a firm rejection from the major PPZ. Could this mean that we're headed back to the midpoint of this box?

(Second picture specifically for Mike- We're in a box!)

Ender
Hey Ender,
I would not trade this at all for a short, AS a pinbar. It really isnt a pin bar but does, as you point out, reflect some rejection. In fact, if I was going to trade this pair, I would go long @ ~ 1.2800 with the expectation that Friday's high will be taken out on Monday. Remember, a pin bar needs to have its open and close within the prior bar's body.

Notice how Friday found support at ~1.2792? Using Friday's daily bar as an example, I would want it's close to be at the very least below 1.2800 and would really be on board if it closed below 1.2792.
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  • #111,322
  • May 5, 2012 11:37am May 5, 2012 11:37am
Cable = down without doubt to support ,tl


Quoting Donkey
I'm looking for a buying opportunity as I expect the level to act as support. If it breaks down I will look for selling opportunities.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,323
  • May 5, 2012 11:37am May 5, 2012 11:37am
Quoting HipsterPipster
Hey Ender,
I would not trade this at all for a short, AS a pinbar. It really isnt a pin bar but does, as you point out, reflect some rejection. In fact, if I was going to trade this pair, I would go long @ ~ 1.2800 with the expectation that Friday's high will be taken out on Monday. Remember, a pin bar needs to have its open and close within the prior bar's body.

Notice how Friday found support at ~1.2792? Using Friday's daily bar as an example, I would want it's close to be at the very least below 1.2800 and would really be on board if it closed...
Hi Guys

I have been following the debate and hope you dont mind if I chip in here with my opinion.

I would not be looking to short this at all. It is the perfect cup and handle pattern which is bullish. the gbpaud is actually stronger and has activated.

It is a long for me...

Olu
If you think you can or cannot do it you are correct
  • #111,324
  • May 5, 2012 11:47am May 5, 2012 11:47am
change in market ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,325
  • May 5, 2012 1:30pm May 5, 2012 1:30pm
Quoting aserbfx
namaste.
sure, it is. what about you?
been to west bengal and sikkim last month...
im doing great.
exams ahead..
Jammu-Kashmir next month!

many pips.
  • #111,326
  • May 5, 2012 2:49pm May 5, 2012 2:49pm
I have been looking at your PBT CA/CB method as you know and picked out the trades that have been mentioned already in the thread this week i.e the Eu/Jpy trades. They all had plenty confluence etc.

I was also looking at this trade on the NZD/USD the 0.8090 LCS level which had been tested a few times since the middle of March and it had a confirmation bar 2 days ago so I watched it to see what would happen. It had the confluence of the 150ema and the fact that the confirmation bar couldnt close below the RN of 0.81. Yet obviously as you can see the trade would of failed. I know we will all have trades that go against us is there anything that would have kept you out of this trade.

Thanks man
Hair
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  • #111,327
  • May 5, 2012 2:51pm May 5, 2012 2:51pm
Quoting AvanishDemo
im doing great.
exams ahead..
Jammu-Kashmir next month!

many pips.
wow, still have to explore this area...
ladakh in kashmir is great!

amarnath yatra starts on june, 25th btw. will you join this?
meine augen sind die sterne
  • #111,328
  • May 5, 2012 2:53pm May 5, 2012 2:53pm
Weekends are always toooo long ... I wish instead of two , only one day would be of weekends !!!
Human
  • #111,329
  • May 5, 2012 5:27pm May 5, 2012 5:27pm
Quoting HipsterPipster
Hey Ender,
I would not trade this at all for a short, AS a pinbar. It really isnt a pin bar but does, as you point out, reflect some rejection. In fact, if I was going to trade this pair, I would go long @ ~ 1.2800 with the expectation that Friday's high will be taken out on Monday. Remember, a pin bar needs to have its open and close within the prior bar's body.

Notice how Friday found support at ~1.2792? Using Friday's daily bar as an example, I would want it's close to be at the very least below 1.2800 and would really be on board if it...
i will go s
hort on monday
If not up, then down, otherwise sideways :-)
  • #111,330
  • May 5, 2012 7:00pm May 5, 2012 7:00pm
Quoting Chanya
Weekends are always toooo long ... I wish instead of two , only one day would be of weekends !!!
nooooooo... weekends are too short! live laugh and love my friends

Monday is bank holiday for us Brits, then we go hard again next week
  • #111,331
  • May 5, 2012 7:33pm May 5, 2012 7:33pm
Quoting Bones
Prob going to Major which im thinking will hold first time
pa there will be intresting
Yes, sir... Bullish PA at the major place would be a nice one...
  • #111,332
  • May 5, 2012 10:14pm May 5, 2012 10:14pm
Quoting Chanya
Weekends are always toooo long ... I wish instead of two , only one day would be of weekends !!!
Yeah, I can't believe this but I actually hate these pesky weekends.Let's sign a petition to eliminate weekends altogether. Or at least to make trading available for us retail traders. Who's with me??
  • #111,333
  • May 6, 2012 2:06am May 6, 2012 2:06am
Quoting WHenderson
Yeah, I can't believe this but I actually hate these pesky weekends.Let's sign a petition to eliminate weekends altogether. Or at least to make trading available for us retail traders. Who's with me??
haha I know very few people who look forward to monday. As much as I enjoy my weekends, I admit I do too
  • #111,334
  • May 6, 2012 2:38am May 6, 2012 2:38am
Quoting aserbfx
wow, still have to explore this area...
ladakh in kashmir is great!

amarnath yatra starts on june, 25th btw. will you join this?
i am visiting Srinagar,Sonamarg,Gulmarg, Khilanmarg,Pahalgham,Katra, Vaishnodevi,finally will leave from Jammu.(no Leh-Ladakh for me )

coming back on 18th june...so no amarnath yatra!

Good trading Week ahead.
  • #111,335
  • May 6, 2012 2:54am May 6, 2012 2:54am
Quoting mbqb11
haha I know very few people who look forward to monday. As much as I enjoy my weekends, I admit I do too
Its almost 4am where I am as I write this...

I have been trying to treat this like a real job, but one that I actually LOVE to go to (well wake up, and get in front of my monitors anyway.). I find I have to force myself to break away on the weekends and do stuff like cut my grass (about a 3 hour job, almost an acre of the green stuff!), house - yard - vehicle - cycle maintenance, and maybe a cycle ride to nowhere. All the while I am thinking of the the market, about learning, or how to apply something new I learned, or combining several things... trying to put it all together. It is somewhat all consuming, but in a good way, like the feeling you get when you get that first love, always on your mind. Hard to describe to someone not involved in trading like we are here, such as friends and family, so I dont even mention too much about it, ya know?

It has become more a passion than it has work.

Does that make sense?
100 % of the shots you don't take wont go in. Wayne Gretzky
  • #111,336
  • May 6, 2012 3:02am May 6, 2012 3:02am
Yes!

Quoting Leftyjh
Its almost 4am where I am as I write this...

I have been trying to treat this like a real job, but one that I actually LOVE to go to (well wake up, and get in front of my monitors anyway.). I find I have to force myself to break away on the weekends and do stuff like cut my grass (about a 3 hour job, almost an acre of the green stuff!), house - yard - vehicle - cycle maintenance, and maybe a cycle ride to nowhere. All the while I am thinking of the the market, about learning, or how to apply something new I learned, or combining several things......
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,337
  • May 6, 2012 4:13am May 6, 2012 4:13am
Question about PBT&CA(B).

If we see a daily level and it gets broken by a 4H candle which closes. We take it or wait for daily close?
Thoughts are things
  • #111,338
  • May 6, 2012 4:17am May 6, 2012 4:17am
Quoting Quezoy
Question about PBT&CA(B).

If we see a daily level and it gets broken by a 4H candle which closes. We take it or wait for daily close?
I think we wait for D close there.
  • #111,339
  • May 6, 2012 6:36am May 6, 2012 6:36am
Quoting WHenderson
Yeah, I can't believe this but I actually hate these pesky weekends.Let's sign a petition to eliminate weekends altogether. Or at least to make trading available for us retail traders. Who's with me??
I am with you but I regret to inform you, we are not going very far !!! more then 50 % of people wont take a break unless they are forced to take a break , and for that reason , fixed holidays are necessary, otherwise suicide rate will increase ...
Human
  • #111,340
  • May 6, 2012 10:07am May 6, 2012 10:07am
Quoting Chanya
I am with you but I regret to inform you, we are not going very far !!! more then 50 % of people wont take a break unless they are forced to take a break , and for that reason , fixed holidays are necessary, otherwise suicide rate will increase ...
Thats not why there are suicides... The other 50% live off the hard working 50%. They get tired of supporting their lazy #@! Hence the suicides!

Just a thought
100 % of the shots you don't take wont go in. Wayne Gretzky
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