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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

  • #112,561
  • Jun 1, 2012 3:52pm Jun 1, 2012 3:52pm
Quoting AlwaysNovice
guys, will be pleased for all comments.

sorry for my english, it`s not my mother tongue and I had no practice for a long time.

upd: guys, i posted more charts.
did I break any rules and moderator deleted them?
Welcome AlwaysNovice ,
i think first several posts have to be checked by a moderator before appearing - an anti-spam measure as i know
  • #112,562
  • Jun 1, 2012 4:42pm Jun 1, 2012 4:42pm
ChF Jpy Daily chart shows double bottom and divergence , and on H4 we have a pretty nice pin bar that broke and a BRN Confluence ... Stops at below 80.0 now ...
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Human
  • #112,563
  • Jun 1, 2012 6:19pm Jun 1, 2012 6:19pm
Quoting Donkey
Could very much finish as a pin...if it can finish bullish it will be A++ in my book.
1) Deep retracement
2) BRN 75.00
3) Space to FTA (77ish to me)

Now it's just gotta close.

Hmm, it is a debatable close on this feed.
No proxy eye nearby either.


UJ, had a really bad close below 78 and the weekly HCR.
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  • #112,564
  • Jun 1, 2012 10:43pm Jun 1, 2012 10:43pm
Quoting Chanya
ChF Jpy Daily chart shows double bottom and divergence , and on H4 we have a pretty nice pin bar that broke and a BRN Confluence ... Stops at below 80.0 now ...
where would your entry be?
  • #112,565
  • Jun 2, 2012 2:20am Jun 2, 2012 2:20am
Hi Winners,

I have a few ???'s, this is my first time posting and so please forgive the sillyness and but better a fool for 5 minutes than a lifetime hey?

With regards to the CHF/JPY trade Chanya has posted, it looks like a lovely pinbar though on first glance it looks like it is against the trend? If you go out to the monthly chart it looks like it has hit support and is bouncing back? Conflicting senarios?

So how to make the decision if you follow the daily trend or the monthly overall picture?


Now the little ???

When is your cutoff time to trade the Weekly charts? or only on open Sunday/Monday?

When is your cutoff time to trade the Dailycharts? only at formation of new bar or are you able to get in a few hours later?

Are traders doing market or limit orders? If limit orders what are the rules for entry?

And I right to think of a DBLHC and DBHLC as pinbars? For eg, if you had a DBHLC on a one hour time frame (2 bars) that if you had a time frame of 2 hours it would look like a pinbar?


If you can answer only one of the questions I would still be grateful as any input is appreciated.

Thanks,

Brian
  • #112,566
  • Jun 2, 2012 3:44am Jun 2, 2012 3:44am
Chart speaks volumes on JPY pairs .. PATIENCE PATIENCE .. let PA be ur guide.

Weekly nzdjpy
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  • #112,567
  • Jun 2, 2012 3:50am Jun 2, 2012 3:50am
Quoting goldfish3
First time I trade gold and I get over 400 pips from the market in just over an hour :s

I just got 25% on my acocunt for peanut risk...

Now I know what my favourite trading instrument is given my impatience.

-H
Well done Goldie

Wish i could do that but i chickened out big time on Friday after the Non-farm-like thingy LOL.

Wanted to share some amazing videos that really helped me today - it shows you three different stretches that can relieve almost any pain/weakness or discomfort caused by extended keyboard and mouse use.

I've been having discomfort(s) for a couple of months and these exercises relieved almost all of it within minutes!!! Hope it helps at least one trader.....

http://www.dailymotion.com/video/xmu...pain_lifestyle
http://www.dailymotion.com/video/xmu...pain_lifestyle
http://www.dailymotion.com/video/xmu...pain_lifestyle

Anyway, here are some interesting charts for those who trade in stocks looking to play some daily/weekly shorts on retracements (if we get some good ones) next week.

Have a great weekend!!

(PS, ask Mike or Jim if you'd like to know how best to refine your entries on these)
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  • #112,568
  • Jun 2, 2012 4:01am Jun 2, 2012 4:01am
deutsche bank weekly chart.
nice confluence at 25 euro. will look for an entry there.
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meine augen sind die sterne
  • #112,569
  • Jun 2, 2012 2:30pm Jun 2, 2012 2:30pm
Hello all, I spotted two indecisive bars on the GBPAUD which are at the resistance in weekly charts. Will it be a valid trade to go short on the break of the low of bear candle ?

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  • #112,570
  • Jun 2, 2012 3:35pm Jun 2, 2012 3:35pm
Quoting Variance
Well done Goldie

Wish i could do that but i chickened out big time on Friday after the Non-farm-like thingy LOL.

Wanted to share some amazing videos that really helped me today - it shows you three different stretches that can relieve almost any pain/weakness or discomfort caused by extended keyboard and mouse use.

I've been having discomfort(s) for a couple of months and these exercises relieved almost all of it within minutes!!! Hope it helps at least one trader.....

http://www.dailymotion.com/video/xmu...pain_lifestyle
http://www.dailymotion.com/video/xmu...pain_lifestyle
http://www.dailymotion.com/video/xmu...pain_lifestyle

Anyway,...
looooooooooooooooooooooooooooooolll... You serious bro. hahahah.... No offence but you just cracked me up with that. lol lol.
  • #112,571
  • Edited Jun 3, 2012 1:28am Jun 2, 2012 10:29pm | Edited Jun 3, 2012 1:28am
Quoting fx9999
Hello all, I spotted two indecisive bars on the GBPAUD which are at the resistance in weekly charts. Will it be a valid trade to go short on the break of the low of bear candle ?

Attachment

I am not sure what you mean about, "Bearish PA", I can not see any bearish bar. If you were thinking that there is an inside bar there, the high is above the previous bar so, it is not actually an IB.

Hope this helps
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  • #112,572
  • Jun 3, 2012 12:51am Jun 3, 2012 12:51am
Quoting fx9999
Hello all, I spotted two indecisive bars on the GBPAUD which are at the resistance in weekly charts. Will it be a valid trade to go short on the break of the low of bear candle ?

Attachment
hey,fx9999. in my eyes ,you can CHOOSE to short it .but, at least you should know where to set up the SL position ,and the TP position .
good luck to you .
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A chart helps those who can read it.
  • #112,573
  • Jun 3, 2012 5:33am Jun 3, 2012 5:33am
pin bar rejection off the weeky LCS of 80.00

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what do you guys think?
  • #112,574
  • Jun 3, 2012 10:58am Jun 3, 2012 10:58am
silver now meet the support zone. wait for the box breaking on daily chart ,then choose to short or long it .i prefer to long it above 29.000,the round number .
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A chart helps those who can read it.
  • #112,575
  • Jun 3, 2012 11:31am Jun 3, 2012 11:31am
Hello all. Had a crazy doubt regarding the markets, which im putting it down here. I've been doin good following the price action method on daily. and price action works perfectly during the trending markets and market doesn't trend most of the time. so, when market doesn't trend or to say when it ranges or consolidates, price action doesn't seem to work ? so, how do you get on with it ? do u scalp or something like that ?
  • #112,576
  • Jun 3, 2012 11:40am Jun 3, 2012 11:40am
Quoting fx9999
Hello all. Had a crazy doubt regarding the markets, which im putting it down here. I've been doin good following the price action method on daily. and price action works perfectly during the trending markets and market doesn't trend most of the time. so, when market doesn't trend or to say when it ranges or consolidates, price action doesn't seem to work ? so, how do you get on with it ? do u scalp or something like that ?
PA always works. PA is not simply bar formations though. Lower TF show all sorts of opportunities and there are a lot of pairs out there so there should be all kinds of action around at any one time.

It all depends on your experience level. If you aren't experienced enough to drop TF when no daily opportunities around, then you wait and watch.
  • #112,577
  • Edited 12:30pm Jun 3, 2012 12:05pm | Edited 12:30pm
Quoting fx9999
Hello all. Had a crazy doubt regarding the markets, which im putting it down here. I've been doin good following the price action method on daily. and price action works perfectly during the trending markets and market doesn't trend most of the time. so, when market doesn't trend or to say when it ranges or consolidates, price action doesn't seem to work ? so, how do you get on with it ? do u scalp or something like that ?
Sure thing buddy,

"price action" usually only offers 25% of the bare minimal information that a decent one needs to make good decision so it's great you're starting to pay more attention to the context.

you can perhaps begin or start paying sum more attention to areas where price turning levels, trend-lines or even "measured moves", .ike price targets and stuff from flags, and boxes and notice how price action behaves around areas with

because you can learn


reel fast and lots of $$$$$$ quickly


with time, you=
  • #112,578
  • Jun 3, 2012 3:05pm Jun 3, 2012 3:05pm
Quoting fx9999
Hello all. Had a crazy doubt regarding the markets, which im putting it down here. I've been doin good following the price action method on daily. and price action works perfectly during the trending markets and market doesn't trend most of the time. so, when market doesn't trend or to say when it ranges or consolidates, price action doesn't seem to work ? so, how do you get on with it ? do u scalp or something like that ?
IMO in any given instrument, there is always a trend at all times. It just needs to be spotted and comprehended.

Best,
-H
  • #112,579
  • Jun 3, 2012 6:53pm Jun 3, 2012 6:53pm
Quoting mbqb11
Keeping it simple and James16

Pinbar swing low, off support(would have liked to see price test 1500). We are in a larger overall consolidation. But where is price going? Right to those bar lows if we break.

Are you new and confused as heck by everything? Go back to post one and SLOWLY go through all of post 1 and ALL of James16 charts. I got a bunch of PMs about how confusing this all seems. You must start and read the first few hundred pages of this thread. Without that foundation from James it will seem very confusing. Keep it simple

Hope...
updated chart. Classic j16
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  • #112,580
  • Jun 3, 2012 6:56pm Jun 3, 2012 6:56pm
Quoting mbqb11
updated chart, pretty textbook
final update on this one
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