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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

  • #115,161
  • Aug 8, 2012 2:41am Aug 8, 2012 2:41am
Quoting bullzeye
NZD/USD

a nice BEOB in this area of confluence

Attachment
Nice trade, I saw this and for some reason I wanted to wait for it to head down to the FTA which is also approx the 236 fib before looking for action to get long.
  • #115,162
  • Aug 8, 2012 2:42am Aug 8, 2012 2:42am
Quoting PhAnTi'
bullish engulfing outside bar, if the close is above the previous bar's high
Oh, thanks...I was treating them all like engulfing bars, but I guess a regular OB just needs a range outside the previous bar, not necessarily the close?
  • #115,163
  • Aug 8, 2012 2:55am Aug 8, 2012 2:55am
Quoting deltaskelta
Oh, thanks...I was treating them all like engulfing bars, but I guess a regular OB just needs a range outside the previous bar, not necessarily the close?
a bullish outside bar does have its body below the previous bars low and a close within the body if im not mistaken
Hero calls followed by margin calls...
  • #115,164
  • Aug 8, 2012 3:22am Aug 8, 2012 3:22am
Hey what do you think about this two GBP inside Bars? I think we could have taken them as "jarroo-trades". But can we still enter at the high/low?
So are these valid trades?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgpb_daily.gif Size: 27 KB
Click to Enlarge Name: gbpchf_daily.gif Size: 25 KB
  • #115,165
  • Aug 8, 2012 3:34am Aug 8, 2012 3:34am
Hi fellows, hope you're having a great trading week.

I will ask for something that probably it has already been asked on the thread but I don't seem to find it. Do you guys know of any nice and simple indicator that shows us the BRNs? Thanks in advance.

good pipin to y'all!
  • #115,166
  • Aug 8, 2012 3:47am Aug 8, 2012 3:47am
Mike can I ask you on your opinion on yesterday´s BUOB on GBPNZD ? I think that it was good place( BRN acting as strong support) but I´m not sure if this outside bar wasn´t too small. And then is it a divergence on my chart or not ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd d1 8.8.2012 ff.png Size: 42 KB
  • #115,167
  • Aug 8, 2012 3:47am Aug 8, 2012 3:47am
Quoting MrShort
Hi fellows, hope you're having a great trading week.

I will ask for something that probably it has already been asked on the thread but I don't seem to find it. Do you guys know of any nice and simple indicator that shows us the BRNs? Thanks in advance.

good pipin to y'all!
sure

just change the settings to your liking

best,
Jonas
Attached File(s)
File Type: ex4 SweetSpotsGold.ex4   5 KB | 394 downloads
File Type: mq4 SweetSpotsGold.mq4   4 KB | 438 downloads
Hero calls followed by margin calls...
  • #115,168
  • Aug 8, 2012 4:04am Aug 8, 2012 4:04am
Quoting PhAnTi'
sure

just change the settings to your liking

best,
Jonas
Thank you Jonas!
  • #115,169
  • Aug 8, 2012 4:14am Aug 8, 2012 4:14am
Quoting Martin600
Mike can I ask you on your opinion on yesterday´s BUOB on GBPNZD ? I think that it was good place( BRN acting as strong support) but I´m not sure if this outside bar wasn´t too small. And then is it a divergence on my chart or not ?
hmm i replied to your question but somehow it didnt work ?

anyway here is it once again :

you play a bueob + demand + regular bullish divergence, definitely a nice spot to buy.

But imho your buy was too high, why didnt you buy the close of the bueob ?
Hero calls followed by margin calls...
  • #115,170
  • Aug 8, 2012 4:16am Aug 8, 2012 4:16am
Quoting PhAnTi'
sure

just change the settings to your liking

best,
Jonas
Really cool indy, Jonas.
I thank you again!
Cheers
  • #115,171
  • Aug 8, 2012 4:31am Aug 8, 2012 4:31am
Quoting PhAnTi'
hmm i replied to your question but somehow it didnt work ?

anyway here is it once again :

you play a bueob + demand + regular bullish divergence, definitely a nice spot to buy.

But imho your buy was too high, why didnt you buy the close of the bueob ?
I always wait for break of outside bar, it is much safer in my opinion ...
  • #115,172
  • Aug 8, 2012 4:36am Aug 8, 2012 4:36am
Quoting Martin600
I always wait for break of outside bar, it is much safer in my opinion ...
try to get in earlier.
Safer ok, but the bueob itself right at demand should give us enough confirmation for a possible reversal.

Consider this :

When you buy, you need a lot of others buying after you as well to bring price up.
So we want to be in before the move itself occurs.

Anyway it's up to everyone himself, never change a running system if it works in the long run.

Me personally dont feel comfortable whenever i enter late. Thats why i try to avoid it.

Wheres your target ?
Hero calls followed by margin calls...
  • #115,173
  • Aug 8, 2012 4:36am Aug 8, 2012 4:36am
Quoting MrShort
Really cool indy, Jonas.
I thank you again!
Cheers
yeah it's pretty nice,

you're welcome.

Regards,
Hero calls followed by margin calls...
  • #115,174
  • Aug 8, 2012 4:42am Aug 8, 2012 4:42am
Quoting PhAnTi'
try to get in earlier.
Safer ok, but the bueob itself right at demand should give us enough confirmation for a possible reversal.

Consider this :

When you buy, you need a lot of others buying after you as well to bring price up.
So we want to be in before the move itself occurs.

Anyway it's up to everyone himself, never change a running system if it works in the long run.

Me personally dont feel comfortable whenever i enter late. Thats why i try to avoid it.

Wheres your target ?
Hey may i ask where you would place your sl? Cause some bueobs kann be very large so we'd have big stops when we place it on the low. Is there a chance to limit this range by taking a fib level as we can do it on pinbars?
  • #115,175
  • Aug 8, 2012 4:59am Aug 8, 2012 4:59am
Quoting SlapShot
Hey may i ask where you would place your sl? Cause some bueobs kann be very large so we'd have big stops when we place it on the low. Is there a chance to limit this range by taking a fib level as we can do it on pinbars?
sure you can


well i dont use fibos at all in my trading.
I tend to place stops right below the bueob/beob, why ? well if price goes lower than our bullish engulfer market does proove us wrong and i dont want to be in anymore.
Also we get a high r:r ratio placing the stop right below it.

Of course it always depend on the situation given i might move my stop a bit lower below a demand area.

The larger the bueo bar is, the higher is the successrate of the trade itself, thats why we can use bigger stops at bigger bueobs.

hope this helps,
Jonas
Hero calls followed by margin calls...
  • #115,176
  • Aug 8, 2012 5:45am Aug 8, 2012 5:45am
Quoting PhAnTi'
try to get in earlier.
Safer ok, but the bueob itself right at demand should give us enough confirmation for a possible reversal.

Consider this :

When you buy, you need a lot of others buying after you as well to bring price up.
So we want to be in before the move itself occurs.

Anyway it's up to everyone himself, never change a running system if it works in the long run.

Me personally dont feel comfortable whenever i enter late. Thats why i try to avoid it.

Wheres your target ?
I haven´t set the target yet. It will depend on today´s close. If it will go greatly in my favor I will use a 2 bar stop on 4h chart but I would like to see a retest of BRN.
  • #115,177
  • Aug 8, 2012 5:57am Aug 8, 2012 5:57am
The EUR/GBP trade just broke for real, below the lower consolidation area.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 35 KB
  • #115,178
  • Aug 8, 2012 6:20am Aug 8, 2012 6:20am
Hi all,

Just wondering if/how the experienced play weekly pins at extreme lows.

Here are two examples of last week's pin-like bars on two Euro pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120808 eurcad wkly analysis.gif Size: 18 KB
Click to Enlarge Name: 120808 euraud wkly analysis.gif Size: 16 KB
  • #115,179
  • Aug 8, 2012 6:30am Aug 8, 2012 6:30am
Quoting Martin600
I haven´t set the target yet. It will depend on today´s close. If it will go greatly in my favor I will use a 2 bar stop on 4h chart but I would like to see a retest of BRN.
ouhhh, im not a fan of entering a trade without any fix stop and target levels...

:-/
Hero calls followed by margin calls...
  • #115,180
  • Aug 8, 2012 6:31am Aug 8, 2012 6:31am
Quoting Pinbar
The EUR/GBP trade just broke for real, below the lower consolidation area.
nice one bro

what made u selling the roof ?

regards,
Jonas
Hero calls followed by margin calls...
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