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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

  • #118,861
  • Sep 21, 2012 10:27am Sep 21, 2012 10:27am
Quoting jarroo
I believe you meant to say Weely "LCS" . .

Very nice meshka . .
sorry maybe I messed these labels up LOL ...
for me that weekly LCS was broken and was tested recently, rejected and became HCR... for me at least LOL ... but anyway how it will be named let it be... main thing it worked...
all is eternal - this is good news for people who loves bad news
  • #118,862
  • Sep 21, 2012 10:37am Sep 21, 2012 10:37am
i see on eur/usd 4h pinbar to down

what jarro see in it .. is it a right pinbar to make price down ?
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Investing is SIMPLE but NOT EASY
  • #118,863
  • Sep 21, 2012 10:50am Sep 21, 2012 10:50am
Quoting meshka
sorry maybe I messed these labels up LOL ...
for me that weekly LCS was broken and was tested recently, rejected and became HCR... for me at least LOL ... but anyway how it will be named let it be... main thing it worked...

What ever works for you meshka . .but I don't want to confuse people.

There was no HCR level anywhere near that Weekly /Daily LCS . .and no recent retest . .the 1st and only retest came at your entry short . .which was sweet.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #118,864
  • Sep 21, 2012 11:05am Sep 21, 2012 11:05am
Quoting Moly_Cam5
i see on eur/usd 4h pinbar to down

what jarro see in it .. is it a right pinbar to make price down ?
did i said something wrong ?
why theres no answer ??
Investing is SIMPLE but NOT EASY
  • #118,865
  • Sep 21, 2012 11:06am Sep 21, 2012 11:06am
Quoting Moly_Cam5
i see on eur/usd 4h pinbar to down

what jarro see in it .. is it a right pinbar to make price down ?
That a nice Pin Bar Moly_Cam . .but in the wrong location and off the wrong levels.


We want to see Pin Bars at Swing Highs and Lows. . .and off PPZ levels.

. .chart ..


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #118,866
  • Sep 21, 2012 11:09am Sep 21, 2012 11:09am
Quoting Moly_Cam5
did i said something wrong ?
why theres no answer ??
Not at all Moly_Cam . .I'm just slow to respond . .
Indicators show the past. Price Action "Indicates" the future.
  • #118,867
  • Sep 21, 2012 11:11am Sep 21, 2012 11:11am
Quoting goodtiding5
Some of the PA signals on the daily AUD/USD chart. Signals on PPZ is lethal :-)

Looks like the market is taking out all those break even traders of that Pin Bar . . it happens alot . .
Indicators show the past. Price Action "Indicates" the future.
  • #118,868
  • Sep 21, 2012 11:17am Sep 21, 2012 11:17am
ok I will not label it next time... sorry for misrepresentation.
all is eternal - this is good news for people who loves bad news
  • #118,869
  • Sep 21, 2012 11:26am Sep 21, 2012 11:26am
Quoting meshka
ok I will not label it next time... sorry for misrepresentation.

You may want to show both labelings so we can see how you view them . .or not.

Anyways, keep posting those charts of yours, meshka . .they are great . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #118,870
  • Sep 21, 2012 11:29am Sep 21, 2012 11:29am
Quoting jarroo
I should point out in our discussion of the EurAud at the 1.2500 Daily HCR level. That it did fail as Support when PBT&CA on the Daily. But not on the lower TFs. Many times these setups will show the Flip early and either hold or not hold. .

For example . .

Looking at the EurAud now at the 1.2358 that I posted to you. . .

. . .BAm!! Baby!! . . .will this level hold as Support?? we'll have to wait until the day ends . .but right now it is . . . .nice bounce for about 50 pips, little if any draw down.

Still bamming away . .
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Indicators show the past. Price Action "Indicates" the future.
  • #118,871
  • Sep 21, 2012 11:32am Sep 21, 2012 11:32am
Quoting jarroo
Still bamming away . .

I forgot to mention the 150ema confluence . .(darn it)
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Indicators show the past. Price Action "Indicates" the future.
  • #118,872
  • Sep 21, 2012 11:33am Sep 21, 2012 11:33am
Quoting jarroo
Still bamming away . .
If we get a pinbar in that range, does that meet the qualifications for PA, pretest of HCR, and swing low?
  • #118,873
  • Sep 21, 2012 11:35am Sep 21, 2012 11:35am
Quoting Slider20
If we get a pinbar in that range, does that meet the qualifications for PA, pretest of HCR, and swing low?

You mean if the present Daily candle turns into a bullish PB today?
Indicators show the past. Price Action "Indicates" the future.
  • #118,874
  • Sep 21, 2012 11:36am Sep 21, 2012 11:36am
Quoting Libra
thanks Swede,

any changes in settings? or just keep it as it is?
I think Jim sets his keltners at 8, 1.3 1.3

You can do that with Tradestation, but on this indicator you will have to set it at 8, 1 1 as it does not allow fractions.....It is very close regardless...
  • #118,875
  • Sep 21, 2012 11:36am Sep 21, 2012 11:36am
Quoting jarroo
You mean if the present Daily candle turns into a bullish PB today?
Yes that's what I meant
  • #118,876
  • Sep 21, 2012 11:40am Sep 21, 2012 11:40am
Quoting Slider20
Yes that's what I meant
Ok, . .No, it would not meet the qualifications of a PA setup at a swing Low.

It would mean that if it turns into a bullish PB today that the HCR level is now strong Support and more upmovement may be in store . .stay long in the trade . .
Indicators show the past. Price Action "Indicates" the future.
  • #118,877
  • Sep 21, 2012 11:41am Sep 21, 2012 11:41am
Quoting Winston Reed
Ok here is H1 analysis. Gotta admit if I was watching this on H1 I would have taken that H1 pinbar.
... I'll have to pay for the private forum as I seem to be missing something here. That pinbar is tiny and barely noticeable, the nose barely protrudes from the previous bars and its right in a box/traffic.
  • #118,878
  • Edited 12:27pm Sep 21, 2012 11:48am | Edited 12:27pm
Quoting dan89
... I'll have to pay for the private forum as I seem to be missing something here. That pinbar is tiny and barely noticeable, the nose barely protrudes from the previous bars and its right in a box/traffic.
Hey Dan glad you're here . .

Great example on the EurAud today on an entry long . . Touch Trade or Hourly Close Confirmation (Signature) entry ? You want to see it??
Indicators show the past. Price Action "Indicates" the future.
  • #118,879
  • Sep 21, 2012 12:08pm Sep 21, 2012 12:08pm
Quoting jarroo
Ok, . .No, it would not meet the qualifications of a PA setup at a swing Low.

It would mean that if it turns into a bullish PB today that the HCR level is now strong Support and more upmovement may be in store . .stay long in the trade . .
Got it. Thank you jarroo.
  • #118,880
  • Sep 21, 2012 12:56pm Sep 21, 2012 12:56pm
Quoting DaGrizlyBull
Hey Mike. You use the Kelly Criterion for determining optimal risk per trade?
hey DGB

KC is highly flawed really since it can think you should put on a huge risk if there is no chance for ruin on an account really. I don't use that. My regular trading uses a fixed risk % depending on the style of trade. If you mean my gamble account, I use a $ amount.

Best
Mike
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