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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

  • #115,141
  • Aug 7, 2012 7:28pm Aug 7, 2012 7:28pm
Quoting Pinbar
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.
So what's ur take then? Its good only to the areas just under the consolidation i.e a full profit at an FTA or something else?

Quoting deltaskelta
heres my take: After I take some profit I would be freerolling...
Fair enough.
Quoting filipl
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.
Ranging markets can be fun Fil, more fun than a trending market. The trick lies in 'adjusting the mindset' for short term moves.

Quoting rafstraszek
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...
point taken.

Quoting Chanya
As they have already told its a choppy market , remember , Even the minor levels may reverse your trade upon you ... You have only drawn major levels ... There are few minor levels that may be used to manage the trade ...
Chart below shows green zones which might seem minor but I learned the hard way that in certain situations , its not good to ignore them ... Plus moving to BE at fta in choppy market and saving your self is also a must ... Other then that , I think you have got it right ... Have I got it right?

Edit : One more thing ....
Some good points in there Chanya. This drill however, is not aimed at how you would manage a certain trade as such, its more about what you think is the target for a PA setup. The simple question is "what level do you think price should hit considering the muscle on the setup itself?" So which level would you place your bet on?

g.
I believe . . .
  • #115,142
  • Aug 7, 2012 7:34pm Aug 7, 2012 7:34pm
Quoting ghous

Some good points in there Chanya. This drill however, is not aimed at how you would manage a certain trade as such, its more about what you think is the target for a PA setup. The simple question is "what level do you think price should hit considering the muscle on the setup itself?" So which level would you place your bet on?

g.
I wont place my bet ... I don't trade PA bars ... Sorry
Human
  • #115,143
  • Aug 7, 2012 7:46pm Aug 7, 2012 7:46pm
Quoting ghous
Ranging markets can be fun Fil, more fun than a trending market. The trick lies in 'adjusting the mindset' for short term moves.
I still think there are no "trends". Just ranges happening at different levels....LOL...

Just had to poke my nose in here folks. Been a while. Hope James and the gang are all doing well. Still the best thread in the factory IMHO.

Ghous my friend, thanks for the PM brother. You humble me sir.
Ghost Rider - WWTBMD?
  • #115,144
  • Aug 7, 2012 7:56pm Aug 7, 2012 7:56pm
Quoting albchr
I still think there are no "trends". Just ranges happening at different levels....LOL...

Just had to poke my nose in here folks. Been a while. Hope James and the gang are all doing well. Still the best thread in the factory IMHO.

Ghous my friend, thanks for the PM brother. You humble me sir.
Good to have you back Chris.

g.
I believe . . .
  • #115,145
  • Aug 7, 2012 8:08pm Aug 7, 2012 8:08pm
Quoting albchr
I still think there are no "trends". Just ranges happening at different levels....LOL...

Just had to poke my nose in here folks. Been a while. Hope James and the gang are all doing well. Still the best thread in the factory IMHO.

Ghous my friend, thanks for the PM brother. You humble me sir.
Hey Buddy
  • #115,146
  • Aug 7, 2012 8:20pm Aug 7, 2012 8:20pm
Quoting Chanya
I wont place my bet ... I don't trade PA bars ... Sorry
Me neither. But I won't give a second thought on jumping to a pin bar analysis. Probably because its dear to me as a teddy bear that I slept with all through my childhood.

g.
I believe . . .
  • #115,147
  • Aug 7, 2012 8:25pm Aug 7, 2012 8:25pm
Quoting Chanya
I wont place my bet ... I don't trade PA bars ... Sorry
Im curious Chanya, why do you not trade PA bars? is it because they are not reliable enough for you?

How did you come to be such a contributor to this place and not like trading PA bars?

Just curious as to your thought process...
  • #115,148
  • Aug 7, 2012 9:10pm Aug 7, 2012 9:10pm
[quote=Chanya;5911151]Of course ... I said a couple of days back that due to university and lots of other stuff , I am barely having 5 hours of sleep per day and within that , I have to trade as I trade mostly daily ... Very soon , my holidays are coming ... Then I will post trades as I take them ...

Just happened to bring it to your attention , you are doing so many things ( good on ya) you say and besides that you say you have to trade!!! 5 hours a day sleep

1 you do Not have to trade !!! ( I suppose you chose to ! )

2 5 hours a day sleep , if it is not normal for you , you are asking for trouble in long run ..

just a friendly reminder,,

Cheers

V
  • #115,149
  • Aug 7, 2012 9:11pm Aug 7, 2012 9:11pm
Quoting ghous
Me neither. But I won't give a second thought on jumping to a pin bar analysis. Probably because its dear to me as a teddy bear that I slept with all through my childhood.

g.
That is weird ... SO WEIRD ... I though only girls slept with toys ... I have never seen a boy do that ... Especially teddy bear ? I mean COME ON ....

Quoting deltaskelta
Im curious Chanya, why do you not trade PA bars? is it because they are not reliable enough for you?

How did you come to be such a contributor to this place and not like trading PA bars?

Just curious as to your thought process...
They are as reliable as they say ... Its just that everything is not meant for every one ....
Human
  • #115,150
  • Aug 7, 2012 9:26pm Aug 7, 2012 9:26pm
Quoting ghous
So what's ur take then? Its good only to the areas just under the consolidation i.e a full profit at an FTA or something else?

I very rarely take full priofit at an FTA, I would take two thirds off in this case, and move the SL so that, even if it takes me out for half a bar, I am still BE+ or a very small loss.






g.
I very rarely take full priofit at an FTA, I would take two thirds off in this case, and move the SL so that, even if it takes me out for half a bar, I am still BE+ or a very small loss.
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  • #115,151
  • Aug 7, 2012 9:28pm Aug 7, 2012 9:28pm
Hi guys, are you also seeing a bearish IB at the 1.2400 of EURUSD? the confluences that I can see are the RN, 61% fib retracement, and a PPZ if im correct. what do you guys see?
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  • #115,152
  • Aug 7, 2012 9:40pm Aug 7, 2012 9:40pm
Quoting mbqb11
Hey Buddy
Hey Mike, How ya been brother? Still teaching all your tricks to folks?
Ghost Rider - WWTBMD?
  • #115,153
  • Aug 7, 2012 10:04pm Aug 7, 2012 10:04pm
CHF/JPY does not look like it is keen to go for the bait.
Hence the long order was cancelled, let's see if it makes it back to the 81.85 area, what happens. A nice large PB would be interesting.
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  • #115,154
  • Aug 7, 2012 11:44pm Aug 7, 2012 11:44pm
Damn, missed this daily BUEOB entry that may take us to the BRN of 1.3000

Well, at least I am now clearly seeing the interaction with Jarroo's methodology & J16s.
That has got to be worth more than was available in this setup.

Funny, we bang our heads against the wall, studying for 12 hours a day 7 days a week then, I take a month off during which time, I had very little computer access and zero chart access, and it seems to fall into place.
How totally weird.
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  • #115,155
  • Aug 8, 2012 12:08am Aug 8, 2012 12:08am
What is with Jim, have not seen a post from him since March.

Probably busy with that project.

Hope all is well.
  • #115,156
  • Aug 8, 2012 1:03am Aug 8, 2012 1:03am
Quoting bullzeye
NZD/USD

i would to go short in this area first: PPZ and Weekly TL

Attachment
NZD/USD

a nice BEOB in this area of confluence

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  • #115,157
  • Aug 8, 2012 2:32am Aug 8, 2012 2:32am
Quoting Pinbar
Damn, missed this daily BUEOB entry that may take us to the BRN of 1.3000

Well, at least I am now clearly seeing the interaction with Jarroo's methodology & J16s.
That has got to be worth more than was available in this setup.

Funny, we bang our heads against the wall, studying for 12 hours a day 7 days a week then, I take a month off during which time, I had very little computer access and zero chart access, and it seems to fall into place.
How totally weird.
Hey nice setup. How would you trade BUEOBs like that? I wonder where to put the sl cause these bars are always very big. Putting sl to the BUEOBs low seems not perfect so
  • #115,158
  • Aug 8, 2012 2:37am Aug 8, 2012 2:37am
Quoting Pinbar
Damn, missed this daily BUEOB entry that may take us to the BRN of 1.3000

Well, at least I am now clearly seeing the interaction with Jarroo's methodology & J16s.
That has got to be worth more than was available in this setup.

Funny, we bang our heads against the wall, studying for 12 hours a day 7 days a week then, I take a month off during which time, I had very little computer access and zero chart access, and it seems to fall into place.
How totally weird.
sorry if this is elementary, I am currently working through things on the forum, but what is a BUEOB?

I know what a BUOB and BEOB (bullish and bearish outside bars) are but I do not know what a BUEOB is.
  • #115,159
  • Aug 8, 2012 2:39am Aug 8, 2012 2:39am
Quoting deltaskelta
sorry if this is elementary, I am currently working through things on the forum, but what is a BUEOB?

I know what a BUOB and BEOB (bullish and bearish outside bars) are but I do not know what a BUEOB is.
bullish engulfing outside bar, if the close is above the previous bar's high
Hero calls followed by margin calls...
  • #115,160
  • Aug 8, 2012 2:40am Aug 8, 2012 2:40am
Quoting Pinbar
What is with Jim, have not seen a post from him since March.

Probably busy with that project.

Hope all is well.
Are you talking about the PF or this thread ?
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