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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

  • #125,441
  • May 15, 2013 3:00pm May 15, 2013 3:00pm
What do you guys think about this pin bar on the USD/CHF? It hasn't closed yet, but I doubt it won't close as is.
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  • #125,442
  • May 15, 2013 3:02pm May 15, 2013 3:02pm
Quoting Flamegs23
What do you guys think about this pin bar on the USD/CHF? It hasn't closed yet, but I doubt it won't close as is. {image}
The strong move up is what's bothering my analysis.
  • #125,443
  • May 15, 2013 3:06pm May 15, 2013 3:06pm
excellent pinbar with similar bar size as compared to previous bars in the move.hopefully FTA is @ 1.4600
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  • #125,444
  • May 15, 2013 3:11pm May 15, 2013 3:11pm
Albus, GBPCHF is in strong bullish trend and the PB makes a HH and has little space for money management
  • #125,445
  • May 15, 2013 3:21pm May 15, 2013 3:21pm
Hi everyone,

Just seen a potenial pin bar forming on USD/CAD. it's bouncing off the 61 fib and also a PPZ (I think it's a PPZ?), with a BRN just above. Overall trend is looking down I think.

Thoughts?
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  • #125,446
  • May 15, 2013 4:09pm May 15, 2013 4:09pm
Quoting albus999
excellent pinbar with similar bar size as compared to previous bars in the move.hopefully FTA is @ 1.4600 {image}
nice pinbar indeed, but i dont like all the traffic right underneath ... passing on that one as it is not A+

Remember: BE SELECTIVE AND ONLY TAKE THE BEST (A+) SETUPS --> IT REALLY WORKS!!!
  • #125,447
  • May 15, 2013 4:39pm May 15, 2013 4:39pm
humm... way promising the pin on USDCHF.... FTA 0.96... Whats your call on this one Mike?
  • #125,448
  • May 15, 2013 5:23pm May 15, 2013 5:23pm
Quoting GiovanniV
Albus, GBPCHF is in strong bullish trend and the PB makes a HH and has little space for money management
OK thanks Giovanni
  • #125,449
  • May 15, 2013 5:25pm May 15, 2013 5:25pm
Quoting timo4sho
{quote} nice pinbar indeed, but i dont like all the traffic right underneath ... passing on that one as it is not A+ Remember: BE SELECTIVE AND ONLY TAKE THE BEST (A+) SETUPS --> IT REALLY WORKS!!!
thanks timo.
  • #125,450
  • May 15, 2013 6:51pm May 15, 2013 6:51pm
Quoting Jomi
humm... way promising the pin on USDCHF.... FTA 0.96... Whats your call on this one Mike?
Hey Jomi

For me not quite enough confluence but the bar is good size. It is fighting a bigger buob but I think a break of the bar should get us to the 9600 area. I do think in a situation like this a retrace entry to the left eye makes the most sense. Of course I think stops should be tight above the left eye either way in a situation like this

Best
Mike
  • #125,451
  • May 15, 2013 7:10pm May 15, 2013 7:10pm
hi Guys

Havn't seen Jim lately...Does he still post his trades and charts on this thread...i am new and had a look at some of his strategies and charts and it looks interesting. I am just in the process of drawing the PPV zones. Want to learn how to draw perfect ones where price does react. Would be really happy if you guys can help me in the process of becoming a successful trader.

Cheers

Den
  • #125,452
  • May 15, 2013 7:34pm May 15, 2013 7:34pm
Quoting dennis4u15
hi Guys Havn't seen Jim lately...Does he still post his trades and charts on this thread...i am new and had a look at some of his strategies and charts and it looks interesting. I am just in the process of drawing the PPV zones. Want to learn how to draw perfect ones where price does react. Would be really happy if you guys can help me in the process of becoming a successful trader. Cheers Den
Hey Dennis

Welcome to the thread

James will be back he has spent some time with his real estate, but should be back in the coming months from what he tells me

As for charts don't hesitate to post up some of your charts and we can help you get better on track with anything that might be wrong

Best
Mike
  • #125,453
  • May 15, 2013 7:51pm May 15, 2013 7:51pm
Quoting mbqb11
{quote} Hey Jomi For me not quite enough confluence but the bar is good size. It is fighting a bigger buob but I think a break of the bar should get us to the 9600 area. I do think in a situation like this a retrace entry to the left eye makes the most sense. Of course I think stops should be tight above the left eye either way in a situation like this Best Mike
Always thankful for your analysis Mike... already had the trade placed... on the left eye! amazing what one learns in just about a year...

The best for you Mike
  • #125,454
  • May 15, 2013 8:12pm May 15, 2013 8:12pm
Hey everyone, been a while since I've posted, but anyone watching this.

Oanda so 1200 bar close, looks different on fxpro server 1700 bar close.

BRN .99 Large pivot zone @ .9854 and rising trendline bounce.

Things that concern me, Aud quite bearish and parity above.

What do you guys think?
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  • #125,455
  • May 15, 2013 9:02pm May 15, 2013 9:02pm
Quoting mbqb11
{quote} Hey Dennis Welcome to the thread James will be back he has spent some time with his real estate, but should be back in the coming months from what he tells me As for charts don't hesitate to post up some of your charts and we can help you get better on track with anything that might be wrong Best Mike
I think Mike has been telling us this for a year. Poor Guy. LOL

J16 Last Activity Mar 22, 2012

I also miss his occasional injection of Blunt clarity.
  • #125,456
  • May 15, 2013 9:53pm May 15, 2013 9:53pm
Quoting Pinbar
{quote} I think Mike has been telling us this for a year. Poor Guy. LOL J16 Last Activity Mar 22, 2012 I also miss his occasional injection of Blunt clarity.
He'll be back, I talk with Jim weekly. In fact just was talking with him bad tornadoes around his area. He's just been very busy with other parts of his life. Such is life though, kids, business etc

Everything in time

Mike
  • #125,457
  • May 15, 2013 10:12pm May 15, 2013 10:12pm
Easy USDCAD trade today. The daily has made a long wicked bar, some might consider it a pin bar. Lots of confluence, daily 61.8 fibo retrace, strong H4 supply level, and 1.02 BRN. I took the touch at 1.02, and sweated a little draw down. Looks like next stop is 1.01.
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  • #125,458
  • May 15, 2013 10:15pm May 15, 2013 10:15pm
Easy NZDUSD trade. BRN at 0.82, weekly and daily swing levels, and strong bullish gartley harmonic pattern. Got in at 0.82, still holding, but not liking the down moves in the NZD and AUD pairs despite the bubble in equities.

The picture did not come out right, not sure why. LOL.
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  • #125,459
  • May 15, 2013 11:07pm May 15, 2013 11:07pm
One more interesting chart - EURAUD daily. Tuesday was a long wicked bar at the Weekly / Daily swing level, and could not close above. With yesterday's Germany GDP data, we had a nice daily engulfing bar up at the top. The trendline is very steep, and looks broken. AUDUSD is also at an extreme low level, so any correction in the AUD would see this pair drop. If you zoom into 4H, there is an SR level at 1.3050, which is a nice psych level. FTA is at the 1.3000 BRN, so not a lot of space, but this could be a significant double top. I'm waiting for a touch trade at 1.3050. Would like to know what the J16 gurus think. Thanks.
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  • #125,460
  • Edited May 16, 2013 1:59am May 15, 2013 11:25pm | Edited May 16, 2013 1:59am
Great Thread!
Been lurking for a while here..

Daily pin has formed on Uchf, stop is at BE
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