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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

  • #125,321
  • May 10, 2013 11:36am May 10, 2013 11:36am
Quoting timo4sho
Hello Everyone, I'm new to this thread and just ran across it last week. Been trying to study as much as possible as I really really like what I'm presented with here: serious and competent senior members who teach a very good methodology and very serious and ambitioned junior members (newbies). Will try to post some nice examples that I'm seeing here every once in a while and would always love to get some feedback from whoever. No one knows all and everyone can improve. Let's all work together to achieve constant improvement. The money will automatically...
welcome to the thread timo best of luck

Mike
  • #125,322
  • May 10, 2013 12:01pm May 10, 2013 12:01pm
hello evryone..i am new in this tread..hope everyone will become success in trade.
  • #125,323
  • May 10, 2013 12:12pm May 10, 2013 12:12pm
Quoting Nfp
hello evryone..i am new in this tread..hope everyone will become success in trade.
welcome NFP

Good luck!

Mike
  • #125,324
  • May 10, 2013 12:19pm May 10, 2013 12:19pm
Quoting mbqb11
{quote} welcome to the thread timo best of luck Mike
Thanks Mike
  • #125,325
  • May 10, 2013 12:29pm May 10, 2013 12:29pm
Hey Guys!

Any openion about this pin bar on AUDUSD H4?

There is no MACD or RSI divergence but the 1,000 BRN is extremely spectacular.

I am waiting for the right eye of the pin with a buy limit.
Attached Image (click to enlarge)
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  • #125,326
  • May 10, 2013 12:44pm May 10, 2013 12:44pm
Quoting mbqb11
{quote} Hey BW A few things can keep you out of a bar like this. Now my feed is 5pm but I am basing it off your other one. Notice firstly if you zoom out you'll get a better perspective of this bar. Notice how it sits down LOW on the previous bar so that the tail of the pin barely protrudes away from the previous bar high. That's you first warning sign. Now the bigger warning sign is the tight box we are in and the lack of space. This is just like the gbp/chf I posted a few back as well as the nzd/usd I followed up with to someone else. This helps...
mike,
please i have some things i am not clear with in your explanation above which are
1. Are the boxes that are drawn in the chart the boxes that you are making reference to or different ones cos those are the only ones i see?
2. how long should the tail of a pin be to not be a warning sign?
3. was the round number significant because it coincided with the middle of the box with the arrow pointing to or just because it was a round number?

sorry for all the questions.
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  • #125,327
  • May 10, 2013 12:46pm May 10, 2013 12:46pm
Quoting Microtrader_
Hey Guys! Any openion about this pin bar on AUDUSD H4? There is no MACD or RSI divergence but the 1,000 BRN is extremely spectacular. I am waiting for the right eye of the pin with a buy limit. {image}
late in the day, eh week. everyone will advise you to not trade that late...
meine augen sind die sterne
  • #125,328
  • May 10, 2013 1:15pm May 10, 2013 1:15pm
Quoting aserbfx
{quote} late in the day, eh week. everyone will advise you to not trade that late...
Thank you Aserb, and do you think this pin bar would worth a trade if it was (for example) on Tuesday afternoon at 14:00?
  • #125,329
  • May 10, 2013 2:26pm May 10, 2013 2:26pm
nice spot on CP weekly for short.. isnt it?
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all is eternal - this is good news for people who loves bad news
  • #125,330
  • May 10, 2013 2:30pm May 10, 2013 2:30pm
Mike,
is there a particular range in price per share in witch you look for equities? or certain volume? and does the first question correlate to account size, more so?
  • #125,331
  • May 10, 2013 2:39pm May 10, 2013 2:39pm
Quoting meshka
nice spot on CP weekly for short.. isnt it? {image}
looks nice meshka!
  • #125,332
  • May 10, 2013 2:43pm May 10, 2013 2:43pm
fta kinda close
Attached Image
  • #125,333
  • May 10, 2013 3:28pm May 10, 2013 3:28pm
Euro . .was nice the other day . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,334
  • May 10, 2013 3:39pm May 10, 2013 3:39pm
NzdJpy . . Locational Confluence . .LCS, Trendline and 50%Ret. . .Low of the Day.


Confluence is always the key to a great setup . .be it a Price Action setup, Price Pattern setup or a S/R level . . . . Confluences have to be in play . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,335
  • May 10, 2013 4:38pm May 10, 2013 4:38pm
Hi Jarroo,

in a situation of traffic like in aud/chf what's the better way to identify the right median level?
http://i1243.photobucket.com/albums/...ps83f631d1.jpg
  • #125,336
  • May 10, 2013 5:01pm May 10, 2013 5:01pm
Quoting GiovanniV
Hi Jarroo, in a situation of traffic like in aud/chf what's the better way to identify the right median level? {image}

Hey GiovanniV . .not sure what you mean by "median level"?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #125,337
  • May 11, 2013 12:11am May 11, 2013 12:11am
Quoting Microtrader_
{quote} Thank you Aserb, and do you think this pin bar would worth a trade if it was (for example) on Tuesday afternoon at 14:00?
R:R is rather on the bad side, imho.
meine augen sind die sterne
  • #125,338
  • May 11, 2013 2:01am May 11, 2013 2:01am
awesome ,very impressed

Quoting jarroo
Euro . .was nice the other day . . Jim {image} {image} {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #125,339
  • May 11, 2013 2:06am May 11, 2013 2:06am
Quoting aserbfx
{quote} R:R is rather on the bad side, imho.
Thanks Aserb, I understand you.
  • #125,340
  • May 11, 2013 2:12am May 11, 2013 2:12am
Quoting jarroo
{quote} Hey GiovanniV . .not sure what you mean by "median level"? Jim
sorry for my english Jarroo!
I would like to know which of these levels 0.9577 - 0.96267 - 96988 is correct, and why?
http://i1243.photobucket.com/albums/...ps816a257c.jpg
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