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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

  • #119,161
  • Sep 27, 2012 1:17pm Sep 27, 2012 1:17pm
Quoting dan89
Hi Jarroo, Im currently watching this pair, looking for a long position if we can close above the HCR/consolidation area. What are your thoughts on this setup ?

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Cheers
Dan
Hey Dan,

I am not Jarroo (i wish i had only 10% of his trading talent )
But i took this trade and also took profit at the HCR. I am now waiting for the close. Close above will be another long. Below is still a point of discussion for me.. i think about a short, but not sure.
Wait for the close now
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  • #119,162
  • Sep 27, 2012 1:44pm Sep 27, 2012 1:44pm
Quoting Moly_Cam5
no bullzeye didnt blame banks for this but this is common happen after Accumulation it called Manipulation and Mani. happend before the explosive breakout ... here the chart
a manipulation chart looks for me like this

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  • #119,163
  • Sep 27, 2012 1:57pm Sep 27, 2012 1:57pm
Quoting bullzeye
a manipulation chart looks for me like this

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OMG !! its craziness nothing else ... i prefer manipulation its more quite

manipulation i mean happening usually the banks buy or sell before the breakout to get more profit .. and we get the soap
Investing is SIMPLE but NOT EASY
  • #119,164
  • Sep 27, 2012 2:17pm Sep 27, 2012 2:17pm
GOLD

look on these crazy bullish bars...its a freaky uptrend ...and we need a mikebar to get the trend break (don't fight the big guys) ...stay out of this for a while :nerd:

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  • #119,165
  • Sep 27, 2012 3:29pm Sep 27, 2012 3:29pm
Quoting bullzeye
GOLD

look on these crazy bullish bars...its a freaky uptrend ...and we need a mikebar to get the trend break (don't fight the big guys) ...stay out of this for a while :nerd:

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Are those George Soros bars?
  • #119,166
  • Sep 27, 2012 4:19pm Sep 27, 2012 4:19pm
Quoting dan89
Hi Jarroo, Im currently watching this pair, looking for a long position if we can close above the HCR/consolidation area. What are your thoughts on this setup ?

Attachment

Cheers
Dan
Jarroo will probably show you this.

Also, it is Friday today and, profit taking is probably more abundant than in the week.
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  • #119,167
  • Sep 27, 2012 4:32pm Sep 27, 2012 4:32pm
Quick chart for the new guys on PB and BEOB/BUOB locations. See how easy the good ones are to spot. Hope it helps somewhat.
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  • #119,168
  • Sep 28, 2012 2:42am Sep 28, 2012 2:42am
EURGBP cheated me yesterday ... so I am trying one more time

EURUSD BUOB looks interesting... bought it. And EURSEK - placed pending order to sell.
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all is eternal - this is good news for people who loves bad news
  • #119,169
  • Sep 28, 2012 2:49am Sep 28, 2012 2:49am
Quoting meshka
EURUSD BUOB looks interesting... bought it.
Also same here. Let see if we are right
  • #119,170
  • Sep 28, 2012 3:16am Sep 28, 2012 3:16am
I also bought EUR/JPY. Looked a good pinbar at close or did I overlooked something?
  • #119,171
  • Sep 28, 2012 3:42am Sep 28, 2012 3:42am
Quoting 5.25
Quick chart for the new guys on PB and BEOB/BUOB locations. See how easy the good ones are to spot. Hope it helps somewhat.
Hi 5.25, thanks for the chart, it´s helpful. I´ve got a newbie question. There are some pinbars I wouldn´t take beacuse there is support just under them (I tried to mark this in yout chart for better understanding what I mean).Can you (or anyone else) please explain me why would you trade them. I´m still trying to understand these things. Thank you.

Mav
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  • #119,172
  • Sep 28, 2012 3:47am Sep 28, 2012 3:47am
Quoting Mav13
Hi 5.25, thanks for the chart, it´s helpful. I´ve got a newbie question. There are some pinbars I wouldn´t take beacuse there is support just under them (I tried to mark this in yout chart for better understanding what I mean).Can you (or anyone else) please explain me why would you trade them. I´m still trying to understand these things. Thank you.

Mav
Mav,

You are right. Those places you marked in the chart shouldn't be taken because of their high risks. You can do a historical test to see their probabilities. I think trying to enter the trade there are just 50-50 chances of success. So stay away from them or only trade them when risk/reward are justified.
  • #119,173
  • Sep 28, 2012 3:53am Sep 28, 2012 3:53am
Hi guys,

My first post here since I came over this interesting thread. I heard this is one of the biggest thread in FF so I am here to discuss tradings with all. Hope all of us can learn/share with each other and make this thread even more lively
  • #119,174
  • Sep 28, 2012 4:26am Sep 28, 2012 4:26am
Quoting annu333
I also bought EUR/JPY. Looked a good pinbar at close or did I overlooked something?
Sorry I did mean CHF/JPY not EUR. I also wanted to add I bought on close and SL was pinbar low. Right now its up 35pips. Should I move to BE?
  • #119,175
  • Sep 28, 2012 4:35am Sep 28, 2012 4:35am
Quoting annu333
I also bought EUR/JPY. Looked a good pinbar at close or did I overlooked something?
well, it could work out because of the TL and demand area, but the Pin doesn't look sexy to me ...i see mike before me as he doing this

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  • #119,176
  • Sep 28, 2012 4:39am Sep 28, 2012 4:39am
Quoting bullzeye
well, it could work out because of the TL and demand area, but the Pin doesn't look sexy to me ...i see mike before me as he doing this

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Ok so then I was right to worrie. But should I move to BE right now or wait the closing time. Or before closing time close the trade?

Sorry for my bad english.
  • #119,177
  • Sep 28, 2012 4:43am Sep 28, 2012 4:43am
Quoting Moly_Cam5
no bullzeye didnt blame banks for this but this is common happen after Accumulation it called Manipulation and Mani. happend before the explosive breakout ... here the chart
Why would you have accumulation before a sell off? think you getting a bit confused.
Accumulation will be followed by an upmove, distribution is followed by a down move.
Seek not to change the world; seek only to change your mind about the world
  • #119,178
  • Sep 28, 2012 4:48am Sep 28, 2012 4:48am
cable rejecting resistance again... BEOB printed in H4 TF
Attached Image (click to enlarge)
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all is eternal - this is good news for people who loves bad news
  • #119,179
  • Sep 28, 2012 4:48am Sep 28, 2012 4:48am
Quoting annu333
I also bought EUR/JPY. Looked a good pinbar at close or did I overlooked something?
timeframe? please post a chart
Hero calls followed by margin calls...
  • #119,180
  • Sep 28, 2012 4:56am Sep 28, 2012 4:56am
I closed EURUSD for few pips... something not right here sixth feeling
all is eternal - this is good news for people who loves bad news
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