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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

  • #122,181
  • Jan 7, 2013 2:59pm Jan 7, 2013 2:59pm
Hey Mike

What do you think about this one, does it have any sense?
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  • #122,182
  • Jan 7, 2013 3:34pm Jan 7, 2013 3:34pm
Quoting long2339
Hey Mike

What do you think about this one, does it have any sense?
Hey Long

I have a pinbar on my feed but my analysis would really be the same

I attached a chart for you

Best
Mike
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  • #122,183
  • Jan 7, 2013 3:47pm Jan 7, 2013 3:47pm
Many thanks.
  • #122,184
  • Jan 7, 2013 4:49pm Jan 7, 2013 4:49pm
Looks like we are about done.
Either this daily swing point holds as resistance or, it can take me out for the last portion of the position.
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  • #122,185
  • Jan 7, 2013 5:12pm Jan 7, 2013 5:12pm
Quoting Pinbar
Looks like we are about done.
Either this daily swing point holds as resistance or, it can take me out for the last portion of the position.
Wondering the same thing. Maybe an hourly signature close above the daily LCS??


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The Eyes Believe What They See And The Ears Believe What Others Say.
  • #122,186
  • Jan 7, 2013 5:40pm Jan 7, 2013 5:40pm
Quoting rolo1128
Wondering the same thing. Maybe an hourly signature close above the daily LCS??


Attachment

You mean as an exit for the short?

That would be enough for me to close it early.
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  • #122,187
  • Jan 7, 2013 5:58pm Jan 7, 2013 5:58pm
Quoting Pinbar
You mean as an exit for the short?

That would be enough for me to close it early.
Yeah thats what I mean.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #122,188
  • Jan 7, 2013 6:37pm Jan 7, 2013 6:37pm
Quoting rolo1128
Yeah thats what I mean.

Sounds good.

Still has yet to hit it's target 1 of the close of the weekly PBT&CB candle, as they often do.
Even, in the face of that weekly BUEOB.

Let's see if it does.
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  • #122,189
  • Jan 7, 2013 11:21pm Jan 7, 2013 11:21pm
Quoting Pinbar
Sounds good.

Still has yet to hit it's target 1 of the close of the weekly PBT&CB candle, as they often do.
Even, in the face of that weekly BUEOB.

Let's see if it does.
Hey pinbar!

Nice trade gotta admit, but may I have a question? From what signs did you know it's going to be an A+ trade? Because as far as I can see from your charts you sold before it was PBTCB.
It's all psychology...
  • #122,190
  • Jan 8, 2013 12:54am Jan 8, 2013 12:54am
Guys, is there a broker that provides MT4 for almost EVERY instrument? Forex, commodities (all), Stock (less important for me) , Bonds, USDX ?

Thanks!
I don't need easy. I just need possible.
  • #122,191
  • Jan 8, 2013 1:18am Jan 8, 2013 1:18am
Quoting DaGrizlyBull
Guys, is there a broker that provides MT4 for almost EVERY instrument? Forex, commodities (all), Stock (less important for me) , Bonds, USDX ?

Thanks!

Oanda lets you trade Commodities, Indices and Bonds via CFD with MT4.
  • #122,192
  • Jan 8, 2013 2:45am Jan 8, 2013 2:45am
Quoting daveone
Oanda lets you trade Commodities, Indices and Bonds via CFD with MT4.
It only has 8 commodities...
I don't need easy. I just need possible.
  • #122,193
  • Jan 8, 2013 3:16am Jan 8, 2013 3:16am
Quoting mbqb11
Ultimately it will be what else is around in a case like this. This is nearly a DBHLC or a BEOB as well, so that's what I revert back to to decide.

In this case my answer will change based on the S/R as drawn below

Hope that helps
Mike
Yes it is interesting... As I understood we have exact scenario in cable now?
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all is eternal - this is good news for people who loves bad news
  • #122,194
  • Edited 4:15am Jan 8, 2013 3:44am | Edited 4:15am
Quoting LamerTrader
Hey pinbar!

Nice trade gotta admit, but may I have a question? From what signs did you know it's going to be an A+ trade? Because as far as I can see from your charts you sold before it was PBTCB.
Pinbar might have a different way and time he entered but I entered off the weekly. There was three weekly LCS's. Or one support, which is off the first swing, the one with the left arrow. Previous weekly candle was a great confirmation because it closed below these levels. That was a strong PBT&CB and a STRONG three LCS area. TL and 61.8 Fib(on daily) was there too. But mostly this trade was taken because of location.

Im still learning these areas and learning to trust them too.

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #122,195
  • Jan 8, 2013 5:31am Jan 8, 2013 5:31am
i think about GBP/USD and GBP/CAD. I long it
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  • #122,196
  • Edited 7:23am Jan 8, 2013 5:59am | Edited 7:23am
First trade for the year:

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UPDATE : And first loss
  • #122,197
  • Jan 8, 2013 7:02am Jan 8, 2013 7:02am
1st trade of the year

see chart

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #122,198
  • Jan 8, 2013 7:06am Jan 8, 2013 7:06am
Quoting keroro0o0o
1st trade of the year

see chart

Attachment
be careful soon your trendline will be broken down
all is eternal - this is good news for people who loves bad news
  • #122,199
  • Jan 8, 2013 7:10am Jan 8, 2013 7:10am
Quoting meshka
be careful soon your trendline will be broken down
Hi Meshka,

Well, it's a game of probability, i'm betting on the PB at a nice location (at least to me) to bring price over to the FTA, so, SL will do the job if things go wrong.

CHeers mate!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #122,200
  • Jan 8, 2013 7:11am Jan 8, 2013 7:11am
Quoting meshka
be careful soon your trendline will be broken down
i don't understand, can you speak about it ? thanks
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