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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

  • #125,181
  • May 4, 2013 1:49am May 4, 2013 1:49am
Hey Guys,

Any comments about USDDKK inside bar?
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  • #125,182
  • May 4, 2013 6:59am May 4, 2013 6:59am
Quoting Flamegs23
{quote} Hey Jarroo, do you mind sharing your ATR indicator. It looks so simple.
This should work. Just adjust period to 14 if you want to match Jarroo's. Adjusting X or Y will change location on the screen.
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File Type: mq4 ATR in Pips.mq4   3 KB | 531 downloads
  • #125,183
  • May 4, 2013 9:17am May 4, 2013 9:17am
Quoting Flamegs23
{quote} Hey Jarroo, do you mind sharing your ATR indicator. It looks so simple.



Quoting srt
{quote} This should work. Just adjust period to 14 if you want to match Jarroo's. Adjusting X or Y will change location on the screen. {file}

Thanks srt . .that's it . . I use ATR(20) for the Daily.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #125,184
  • May 4, 2013 3:33pm May 4, 2013 3:33pm
Thank you, Pat and Ghous, your replies help me understand better.

Kenny
  • #125,185
  • May 4, 2013 9:02pm May 4, 2013 9:02pm
Quoting jarroo
{quote} {quote} Thanks srt . .that's it . . I use ATR(20) for the Daily. Jim

Thanks for the indi Jim. Makes life a lot easier.
Does it show the ATR of the last candle to close?

I tweaked the code a bit to make it easier to look at as, I already have one green monster indicator showing price.
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  • #125,186
  • May 5, 2013 2:09am May 5, 2013 2:09am
atvi on weekly.
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meine augen sind die sterne
  • #125,187
  • May 5, 2013 2:46am May 5, 2013 2:46am
nihd on weekly. beob with the overall bearish trend. retrace at brn, former s/r.
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meine augen sind die sterne
  • #125,188
  • May 5, 2013 7:40am May 5, 2013 7:40am
Quoting srt
{quote} This should work. Just adjust period to 14 if you want to match Jarroo's. Adjusting X or Y will change location on the screen. {file}
Hi guys!
Isn't this ATR a built in MT4 indicator?
It's all psychology...
  • #125,189
  • May 5, 2013 9:37am May 5, 2013 9:37am
Quoting jclude25
{quote} This is how i would set my Take Profit and Stop Loss... What do u guys think? Also Should i have set B/E at the round number 1.0400? All opinions welcomed. Thanks.{image}
sorry for the delay J got hit with a sinus infection this weekend! Damn they suck

I think your chart looks good but I would be real careful if it were me. The pin from thursday was going into friday as we spoke about. So people could be closing up creating the move higher. But we have a strong TL we are stalling at. That would have been my target. Otherwise price might get pushed right back down. I think getting to b/e is smart or if you are willing to risk a bit more under the left eye. I would have been closed out. But if that TL does break then you could see a move much higher as your chart suggests

Best
Mike
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  • #125,190
  • May 5, 2013 9:46am May 5, 2013 9:46am
Quoting 4xjoema
Mike, i have been noticing that the futures seem to really respect even minor s/r more frequently than forex i dont know if this is just me or what? do you have any preference?
Hey Joe

I haven't noticed that more so then FX myself. I think FX respects S/R very very good. In fact I prefer FX technically over equities and futures myself. But I really don't differentiate TOO much. It's something to track though if it jumps out at you. Do some R&D and see where it takes ya

Best
Mike
  • #125,191
  • May 5, 2013 11:34am May 5, 2013 11:34am
Quoting LamerTrader
{quote} Hi guys! Isn't this ATR a built in MT4 indicator?
It might depend on the broker. I don't think I had it when I downloaded MT4. Apparently the person (Flame23) asking for it doesn't have it.
  • #125,192
  • May 5, 2013 12:08pm May 5, 2013 12:08pm
Quoting mbqb11
{quote} sorry for the delay J got hit with a sinus infection this weekend! Damn they suck I think your chart looks good but I would be real careful if it were me. The pin from thursday was going into friday as we spoke about. So people could be closing up creating the move higher. But we have a strong TL we are stalling at. That would have been my target. Otherwise price might get pushed right back down. I think getting to b/e is smart or if you are willing to risk a bit more under the left eye. I would have been closed out. But if that TL does...
Thanks for the response mike! I hope your feeling better. I didn't have that Trend Line (TL) drawn in my chart. I like the comment about moving to b/e or under the left eye...gives me something to think about when using that TL as a First Trouble Area (FTA). I also noticed it closed just below a Round Number (RN) 1.04 so maybe more confluence. Yes i have absorded that comment about Taking Profit on Friday and even saved post 125,191 on my wordpad. Watched your pinbar video on thejames16 website and thought it was some great stuff! Looking forward to watching a Trade Management video as well. Anyway lets see what happens with this setup during the upcoming week. TTYL.
“Every single day, ordinary people do extraordinary things"
  • #125,193
  • May 5, 2013 12:57pm May 5, 2013 12:57pm
So I went through Russel 2000 and here are the trades which I think are great. Mike can I ask you on your opinion? I am new to equities so I would really like to hear your notes. And then I wanted to ask you about pin bars on equities. If I know correctly, the pin bar should have open and close within the previous bar. I noticed that on equities there are quite often gaps and then the pin bar then don´t open in a previous bar(for example like on my last chart). Do you trade these types of set ups or not? And the last question. How long do you wait on equites for a break of PA signal? Do you wait longer than on forex? Sorry for stupid questions.
Thank you for answer
Martin
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  • #125,194
  • May 5, 2013 1:12pm May 5, 2013 1:12pm
Quoting aserbfx
nihd on weekly. beob with the overall bearish trend. retrace at brn, former s/r. {image}
those are my picks for watching next week
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all is eternal - this is good news for people who loves bad news
  • #125,195
  • May 5, 2013 2:02pm May 5, 2013 2:02pm
Something I will be watching, ABX with a weekly IB two weeks ago at long term support.
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Price is beautiful. A repetitive method is a competitive method.
  • #125,196
  • May 5, 2013 2:16pm May 5, 2013 2:16pm
Quoting meshka
{quote} those are my picks for watching next week {image} {image} {image} {image} {image} {image} {image} {image}
Hey M

My agnc chart is WAY different. I saw yours and thought I missed this one. I am not sure where your charts are from

I am watching a few others you have there too though

Best
Mike
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  • #125,197
  • May 5, 2013 3:02pm May 5, 2013 3:02pm
Quoting mbqb11
{quote} Hey M My agnc chart is WAY different. I saw yours and thought I missed this one. I am not sure where your charts are from I am watching a few others you have there too though Best Mike {image}
hm very strange... I checked my broker charts and yes indeed they very different also - attached pic.

these charts are from finviz.com which I use for quick screening through all those stocks. will check the other ones too.
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all is eternal - this is good news for people who loves bad news
  • #125,198
  • May 5, 2013 3:11pm May 5, 2013 3:11pm
well other are valid and looks the same. AGNC is only one that looks different at finviz.com... strange thing.
all is eternal - this is good news for people who loves bad news
  • #125,199
  • May 5, 2013 3:42pm May 5, 2013 3:42pm
Quoting mbqb11
{quote} got hit with a sinus infection this weekend! Damn they suck
Get well, Mike
  • #125,200
  • May 5, 2013 7:16pm May 5, 2013 7:16pm
Quoting mbqb11
{quote} Hey Joe I haven't noticed that more so then FX myself. I think FX respects S/R very very good. In fact I prefer FX technically over equities and futures myself. But I really don't differentiate TOO much. It's something to track though if it jumps out at you. Do some R&D and see where it takes ya Best Mike
Thanks Mike, hope your feeling better, know your pain pink eye seems to be claiming both kids and me sucks! I guess maybe I just feel more comfortable with futures as I have a little more time following the charts than forex or equities. also a silly question I'm sure, but I don't have much time in with equities at all and read that shorting isn't quite as easy as with forex or futures, is there any differences?
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