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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

  • #118,661
  • Sep 18, 2012 3:51pm Sep 18, 2012 3:51pm
Quoting chartergas
Mike
in the chart below there as been some break above the trend line. currently there is a pinbar forming.
going back to your earlier post about break outs, is this the sort of thing you want to see or would you want the initial price break out to be a lot bigger and close out above the TL?

thanks for your help

Hilton
That is not a pinbar. The pinbar was 3 days earlier. Can you see the difference? Bullish Pinbars have thair tails lower than the low of previous bar.
If not up, then down, otherwise sideways :-)
  • #118,662
  • Sep 18, 2012 3:59pm Sep 18, 2012 3:59pm
Quoting rafstraszek
I hate situation like this...Not only pinbar, but also strong div xD I'm thinking about audnzd....
I personally dont use RSI or any other indicator for divergence except one that is Moving average of oscillator ... But still , odds should be in our favor from all sides rather then against us ...
Human
  • #118,663
  • Sep 18, 2012 4:03pm Sep 18, 2012 4:03pm
EUR/GBP

i took this one...not exactly what james or mike teaching, but this is a nice bearish reversal candle pattern called "Three inside down"

Attached Image (click to enlarge)
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  • #118,664
  • Sep 18, 2012 4:06pm Sep 18, 2012 4:06pm
Quoting Magestic
I will show the links I went through in the evening (I'm in Europe ), coz there are bookmarks on my domestic computer.
http://www.forexfactory.com/showthre...99#post2585699
http://www.forexfactory.com/showthre...42#post3489242
http://www.forexfactory.com/showthre...37#post2216137
http://www.forexfactory.com/showthre...=position+size
If not up, then down, otherwise sideways :-)
  • #118,665
  • Sep 18, 2012 4:06pm Sep 18, 2012 4:06pm
Quoting Swede
Would be interested in comments regarding this trade....are my support areas drawn correctly? Should stops be moved to be at this point? (up 102 pips atm) Any comments would be appreciated.
nice trade and good levels...well done. Stop to BE? depend on your trademanagement
  • #118,666
  • Sep 18, 2012 4:10pm Sep 18, 2012 4:10pm
Quoting bullzeye
EUR/GBP

i took this one...not exactly what james or mike teaching, but this is a nice bearish reversal candle pattern called "Three inside down"

Attachment
Watch out 0.800
If not up, then down, otherwise sideways :-)
  • #118,667
  • Sep 18, 2012 4:16pm Sep 18, 2012 4:16pm
Quoting Magestic
http://www.forexfactory.com/showthre...99#post2585699
http://www.forexfactory.com/showthre...42#post3489242
http://www.forexfactory.com/showthre...37#post2216137
http://www.forexfactory.com/showthre...=position+size
the best way to learn for me was to work all james charts posted on this thread... tons of information, just amazing !!!

http://www.forexfactory.com/search.php?searchid=3476394
  • #118,668
  • Sep 18, 2012 4:16pm Sep 18, 2012 4:16pm
Quoting Chanya
I personally dont use RSI or any other indicator for divergence except one that is Moving average of oscillator ... But still , odds should be in our favor from all sides rather then against us ...
Well I don't use oscillators either - I can see div on chart without it, it was just for the photo Either way - I'm not gonna sell there, I think... I just don't like when pa is against me...but good luck!!!
  • #118,669
  • Sep 18, 2012 4:16pm Sep 18, 2012 4:16pm
Quoting chartergas
Mike
in the chart below there as been some break above the trend line. currently there is a pinbar forming.
going back to your earlier post about break outs, is this the sort of thing you want to see or would you want the initial price break out to be a lot bigger and close out above the TL?

thanks for your help

Hilton
Hey Hilton

As M said that's not a pinbar but rather an inside bar. I also myself don't trade breakouts to the upside on a rising TL as often that can be a sign of fading momentum and to me they don't hold as much power. I want that line to be horizontal or descending myself

Best
Mike
  • #118,670
  • Sep 18, 2012 4:18pm Sep 18, 2012 4:18pm
Quoting Chanya
Mike , Please provide with your view of AUD CHF daily Pin in formation ...
Hey C

Pretty weak close here and just under the under side of a box. Not strong enough for me. Would need a strong break on this one and if that left eye doesn't hold this one is probably going to fall right back down

Best
Mike
  • #118,671
  • Sep 18, 2012 4:20pm Sep 18, 2012 4:20pm
Quoting Chanya
Mike , Please provide with your view of AUD CHF daily Pin in formation ...
Chanya,
Here's my humble view. I was looking at this as a sell if price can close below 0.97 (nice pivot zone and RN) and pull back to the trendline. I see more space to the downside. 0.9737 is a LCS a few days back and now we have pbt with a 2 day beob and we also have nice tl and the 150 ema in our favour.

Trading this pb as a buy has a lot of trouble to negotiate (consolidation box, 150 ema and tl and the lcs a few days back).

Good luck
M
Attached Image (click to enlarge)
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  • #118,672
  • Sep 18, 2012 4:23pm Sep 18, 2012 4:23pm
Quoting Chanya
A nicely closed pinbar formed to support my daily HCR PBT retest and H4 supply FTB sell trade from this evening ...
Hero calls followed by margin calls...
  • #118,673
  • Sep 18, 2012 4:26pm Sep 18, 2012 4:26pm
Quoting mbqb11
Hey C

Pretty weak close here and just under the under side of a box. Not strong enough for me. Would need a strong break on this one and if that left eye doesn't hold this one is probably going to fall right back down

Best
Mike
That is exactly what I was hoping you would answer , that it is not storng enough , because I have my sell deal under the LCS .... Thanks
Human
  • #118,674
  • Sep 18, 2012 4:30pm Sep 18, 2012 4:30pm
Quoting bullzeye
nice trade and good levels...well done. Stop to BE? depend on your trademanagement
thank you....but I have one question...if we made that a daily chart instead of a 4 hour chart...we have a dbhlc....with sunday in between....is that still a valid dbhlc?

thanks much...
Attached Image (click to enlarge)
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  • #118,675
  • Sep 18, 2012 4:30pm Sep 18, 2012 4:30pm
Quoting Chanya
That is exactly what I was hoping you would answer , that it is not storng enough , because I have my sell deal under the LCS .... Thanks
What ever made me think you were on the buy side Chanya?
  • #118,676
  • Sep 18, 2012 7:08pm Sep 18, 2012 7:08pm
Quoting dan89
In my opinion the number of pips is irrelevant. What was your risk % and % gain on those trades ?

Cheers
Dan
Mától én vagyok a Soros!
  • #118,677
  • Sep 18, 2012 11:31pm Sep 18, 2012 11:31pm
Watching USDJPY very closely.
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  • #118,678
  • Edited Sep 19, 2012 12:17am Sep 18, 2012 11:47pm | Edited Sep 19, 2012 12:17am
Here are the image of USDX taken from two different platforms, showing some further more movement upside. Lets See!
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Price Is The Best Indicator Itself.
  • #118,679
  • Sep 19, 2012 12:21am Sep 19, 2012 12:21am
Hey guys,
this looks good. jarroo's method. price've reached FTA, SL move to BE. comment please. Thanks.
Attached Image (click to enlarge)
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  • #118,680
  • Sep 19, 2012 1:19am Sep 19, 2012 1:19am
AUD/NZD
Attached Image(s) (click to enlarge)
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