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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

  • #119,081
  • Sep 26, 2012 1:09am Sep 26, 2012 1:09am
Quoting meshka
here are my trades today.... moved my stp loss on cable 15 pips above last candle high few min ago
Hi Meshka,

I'm with you on the GBPUSD and the EURGBP.

Your EURAUD trade looks interesting to me. This is something I can't achieve right now.
How do you build your story in such cases?
Price retested "to the pip" (copyright Jarroo) previous HCR -> long entry on 2nd retest?

thanks for your input!
Slow & steady
  • #119,082
  • Sep 26, 2012 2:30am Sep 26, 2012 2:30am
Quoting jarroo
I do like those levels and trendline confluence that Price is heading into . .I believe James16 would like them too. .
Yes, its the best of Jim's & Jim's (Jarro's) world.

The space is interesting.
Let's see how it plays out at these weekly levels.
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  • #119,083
  • Sep 26, 2012 3:08am Sep 26, 2012 3:08am
This also looks interesting.
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  • #119,084
  • Sep 26, 2012 3:14am Sep 26, 2012 3:14am
Damn it.
Had to go to a meeting at university and could not get home in time for the USD/CAD.
It reacted very well to this level, once it broke through and closed above on the daily.
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  • #119,085
  • Sep 26, 2012 3:59am Sep 26, 2012 3:59am
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"

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EUR/GBP

trade closed on support

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  • #119,086
  • Sep 26, 2012 5:53am Sep 26, 2012 5:53am
Quoting Audioslave
If we get pinbar today, price should revisit that broken wedge. We have British GDP on thursday and price loves to be in important places when there are important readings. Looks nice for some 70 pips (or 30 more if we first bounce from that HCR level) but need that daily pinbar first. Weekly LCS test will be also possible.
We can draw a different trendline on GBP/CHF. Which one is best ?
Bearish pinbar was good looking on the daily chart, but don't you fear a breakout north is in the making ?
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  • #119,087
  • Edited 6:17am Sep 26, 2012 5:54am | Edited 6:17am
Missed my buy order by 4 pips. Aghhhhhhh

I set the order at 125.265, it should have been set at 125.339
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  • #119,088
  • Sep 26, 2012 6:03am Sep 26, 2012 6:03am
Quoting Pinbar
Missed my buy order by 4 pips. Aghhhhhhh
it still a good level to watch for PA...i took my profits here (btw, this was a natural beauty, needs no make up )

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  • #119,089
  • Sep 26, 2012 6:18am Sep 26, 2012 6:18am
Quoting bullzeye
it still a good level to watch for PA...i took my profits here (btw, this was a natural beauty, needs no make up )

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Yeah, glad it worked out for you BZ.

That 365 EMA with the 50 fibo as confluence must have been tough to weather.
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  • #119,090
  • Sep 26, 2012 6:22am Sep 26, 2012 6:22am
Quoting mbqb11
pivotal point here I say down
Thanks mike! I am waiting for weeks for a reversal

but GOLD is still fooling around

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  • #119,091
  • Sep 26, 2012 6:57am Sep 26, 2012 6:57am
EG experiment

Can this M30 BUEOB, get me into a forming H1 BUEOB which may get me into an H4 PB?

All experimental.
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  • #119,092
  • Sep 26, 2012 7:04am Sep 26, 2012 7:04am
Failed to form the H1 BUEOB with a matching high to the previous bar at 0.79516

Still that gives us a TBH.
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  • #119,093
  • Sep 26, 2012 7:15am Sep 26, 2012 7:15am
There is logic in this madness.
That being that, Jarroo mentioned that "These areas are the birth of trends" so, are these areas, fractal. Meaning that, if we have PA on one TF, can we go down a TF and find further PA to support, or create the higher TF PA?

But more importantly, will the lower TF PA, give us a sign that the higher TF PA that is yet to close, will close as PA, in the direction we are expecting price to go?
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  • #119,094
  • Sep 26, 2012 7:49am Sep 26, 2012 7:49am
Quoting ts63
We can draw a different trendline on GBP/CHF. Which one is best ?
Bearish pinbar was good looking on the daily chart, but don't you fear a breakout north is in the making ?
Hey TS

I have my TLs drawn the same here.

I would not look to sell that pinbar as it is in a very tight range and traffic making it very difficult. This is why we want to find them at cleaner swing points otherwise it makes it very tricky. I prefer a breakout to go long and will be watching if we break out of the TLs


Best
Mike
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  • #119,095
  • Sep 26, 2012 8:01am Sep 26, 2012 8:01am
Quoting ts63
We can draw a different trendline on GBP/CHF. Which one is best ?
Bearish pinbar was good looking on the daily chart, but don't you fear a breakout north is in the making ?
Hey Ts

I was fully aware of that trendline you drew. But its my old habit to draw trendlines which show most of reversal points. Daily pinbar tempt me to think that TL i drew may be retested.

As for breaking out north i never open full positions when i enter on pinbars, outside bars or dbhlc/dblhc retracements. Told myself to enter on those J16 PA only when they are validated, but i guess i'm greedy. Need to work on that.

M30 beob in play but need some more bearish price action.
  • #119,096
  • Sep 26, 2012 8:02am Sep 26, 2012 8:02am
Quoting bullzeye
Thanks mike! I am waiting for weeks for a reversal

but GOLD is still fooling around

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there she blows
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  • #119,097
  • Sep 26, 2012 8:48am Sep 26, 2012 8:48am
yeahh... this gold will bring some pips.. Huge space below with very clear fta zones. nice.
all is eternal - this is good news for people who loves bad news
  • #119,098
  • Sep 26, 2012 9:40am Sep 26, 2012 9:40am
Quoting mbqb11
there she blows
uhhh...wicked ...but i missed an entry
  • #119,099
  • Sep 26, 2012 9:56am Sep 26, 2012 9:56am
EUR/USD

would like to see new lows here...my target is 1.2000

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  • #119,100
  • Sep 26, 2012 9:58am Sep 26, 2012 9:58am
ucad... lets test monthly pivot...
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Peace Yo!
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