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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

  • #115,101
  • Aug 7, 2012 10:13am Aug 7, 2012 10:13am
I am also in the NZD/USD
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  • #115,102
  • Aug 7, 2012 10:23am Aug 7, 2012 10:23am
Friends,

suppose I spot a pinbar on a daily chart and I set a pending order, how long should I wait before the pending order gets triggered? If the other end of the candle gets violated, I cancel the pending order. What if neither happens? Does the pending order have to be activated the very next day or can it be in 4 days provided the other end of the pin hasn't been violated?

Thank you very much,
good luck to you all.
  • #115,103
  • Aug 7, 2012 10:31am Aug 7, 2012 10:31am
Quoting jsvihla
Friends,

suppose I spot a pinbar on a daily chart and I set a pending order, how long should I wait before the pending order gets triggered? If the other end of the candle gets violated, I cancel the pending order. What if neither happens? Does the pending order have to be activated the very next day or can it be in 4 days provided the other end of the pin hasn't been violated?

Thank you very much,
good luck to you all.
If the next bar on the same time frame as the PB does not trigger it, many people will cancel their order.
  • #115,104
  • Aug 7, 2012 10:33am Aug 7, 2012 10:33am
For jarrooers (heh and ??chanyaers?? xD )

I'd like to see close below 0.965 today...
yellow line -weekly hcr/lcs
green - daily hcr/lcs
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  • #115,105
  • Aug 7, 2012 10:54am Aug 7, 2012 10:54am
Quoting rafstraszek
For jarrooers (heh and ??chanyaers?? xD )

I'd like to see close below 0.965 today...
yellow line -weekly hcr/lcs
green - daily hcr/lcs

Yeah, I have been watching this.
However, notice the cup & handle pattern on your daily chart?
We can also see this on the weekly chart.
This leads me to think it will hold as support.

Weird pattern I know.
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  • #115,106
  • Aug 7, 2012 11:01am Aug 7, 2012 11:01am
Quoting Pinbar
Yeah, I have been watching this.
However, notice the cup & handle pattern on your daily chart?
We can also see this on the weekly chart.
This leads me to think it will hold as support.

Weird pattern I know.
Interesting, I've never heard about this pattern before...But continuation is good too - maybe we will get nice DLHC on daily
cheers
  • #115,107
  • Aug 7, 2012 11:37am Aug 7, 2012 11:37am
Quoting rafstraszek
Interesting, I've never heard about this pattern before...But continuation is good too - maybe we will get nice DLHC on daily
cheers
here you go
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  • #115,108
  • Aug 7, 2012 11:52am Aug 7, 2012 11:52am
jarroers and pbterians , what do u think about oil if it close above ??
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  • #115,109
  • Aug 7, 2012 12:01pm Aug 7, 2012 12:01pm
Quoting extremerrage
jarroers and pbterians , what do u think about oil if it close above ??
Nice - look at weekly
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  • #115,110
  • Aug 7, 2012 12:27pm Aug 7, 2012 12:27pm
Quoting Pinbar
By Popular request.
Here is J16's "Where is price going, where did it go" Quiz.
Actually J16 does it live, this is an old setup with the candles to the right of this bar removed. But, it works just the same as when J16 posts these things, the candles to the right of the bar, have yet to be formed.
Copy this chart and draw a horizontal line where you think price made it to after this bar and explain your logic.


Give it a try folks. You can not lose anything, and have Everything to gain.

Weekly time frame chart with a bullish PB.

Ahhh, this...
Good one Steve,

I think Mg42 nailed it with the FTA while Rafs and filipl and others were pretty good with their trouble areas and possible targets for the bar too.

Time for some of my favorite market action - side ways stuff! Where is this headed people?

Keep in mind the fact that we have a very good pin bar in a very sideways market.

Best of luck.

g.
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I believe . . .
  • #115,111
  • Aug 7, 2012 1:25pm Aug 7, 2012 1:25pm
This GBP/NZD cross has been making me tons of pips alone ......
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Human
  • #115,112
  • Aug 7, 2012 1:40pm Aug 7, 2012 1:40pm
Quoting ghous
Good one Steve,

I think Mg42 nailed it with the FTA while Rafs and filipl and others were pretty good with their trouble areas and possible targets for the bar too.

Time for some of my favorite market action - side ways stuff! Where is this headed people?

Keep in mind the fact that we have a very good pin bar in a very sideways market.

Best of luck.

g.

Probably way off with this one but, I feel that cluster of consolidation was just too much for it to break through and the 50 fibo was confluencing with it.
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  • #115,113
  • Aug 7, 2012 1:40pm Aug 7, 2012 1:40pm
Quoting ghous
Good one Steve,

I think Mg42 nailed it with the FTA while Rafs and filipl and others were pretty good with their trouble areas and possible targets for the bar too.

Time for some of my favorite market action - side ways stuff! Where is this headed people?

Keep in mind the fact that we have a very good pin bar in a very sideways market.

Best of luck.

g.
heres my take: After I take some profit I would be freerolling...
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  • #115,114
  • Aug 7, 2012 1:43pm Aug 7, 2012 1:43pm
Took two thirds profit off this IB and am at BE.
Will see how it looks in the morning.
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  • #115,115
  • Aug 7, 2012 1:45pm Aug 7, 2012 1:45pm
Quoting ghous
Time for some of my favorite market action - side ways stuff! Where is this headed people?

Keep in mind the fact that we have a very good pin bar in a very sideways market.
Thanks Ghous,

I hate ranging market, I failed so many times in it (don't you worry, I'm still on demo )!

Considering the good sized PB, from a good level (rejecting bottom of the consolidation) I'd guess we could hope it hits the very top of the range, right? 0.701 area?

But, I would mark below levels as possible trouble areas.

red - probably move my stop to BE
green - TP1
blue - TP2 - confluence with BRN and EMA?

Fil.
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  • #115,116
  • Aug 7, 2012 1:53pm Aug 7, 2012 1:53pm
Quoting Pinbar
I feel that cluster of consolidation was just too much for it to break through and the 50 fibo was confluencing with it.
I like your way of thinking Pinbar, why have I only considered the positive scenario and getting to the top of the range?? obviously anything can happen... right?

Chanya, thank you for the explanation, it is way too advanced to me at this moment. Do you have any post numbers about this method to bookmark and return to it a bit later when more experienced?

Fil.
  • #115,117
  • Aug 7, 2012 2:14pm Aug 7, 2012 2:14pm
Quoting Chanya
This GBP/NZD cross has been making me tons of pips alone ......
Hi all!
Chanya please tell me where to place s/l in the case of retest gbp / nzd?
maybe 1.8955?

I'm sorry for my english )))
it's google translate)))
  • #115,118
  • Aug 7, 2012 2:31pm Aug 7, 2012 2:31pm
Quoting Pinbar
I am not advocating new people trade the H4 tf with this post, even though, I am posting the H4 TF it is just to explain what is going on at this area.
Actually, I am posting the H4 to explain why, new people should not be looking at this TF until they understand price movement, PPZ, Swing points & PA, on the Monthly & weekly TFs.

Edit: Just after posting this chart we can see that with the LO, price is starting to become bullish at this area.
If the two bar high on the left breaks, price will probably break the back of that H4 PB.
Thank you for this Pinbar. Amazing stuff. Eye opening lessons!
  • #115,119
  • Aug 7, 2012 2:44pm Aug 7, 2012 2:44pm
Quoting ghous
Good one Steve,

I think Mg42 nailed it with the FTA while Rafs and filipl and others were pretty good with their trouble areas and possible targets for the bar too.

Time for some of my favorite market action - side ways stuff! Where is this headed people?

Keep in mind the fact that we have a very good pin bar in a very sideways market.

Best of luck.

g.
I would probably use 3 tps (close partially or moving sl right below it...)
very strong rejection, probably a div (can't be sure)...but I don't this very consolidate market after first tp - price can be crazy there...
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  • #115,120
  • Aug 7, 2012 3:29pm Aug 7, 2012 3:29pm
Mike
Hello

AUD / nzd
buob

What is your opinion on setap

Sorry for my bad English
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