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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

  • #126,001
  • Jun 10, 2013 4:05am Jun 10, 2013 4:05am
Quoting dennis4u15
Hi dmc, mbqb11, Thanks for helping me with my queries...it helped me alot.. i tried the USD/JPY on demo and i got out with a 40 pips loss...well thats what demos are for i guess...those pairs did look good with the bar formations but not enough confluences... i am learning with the help of you guys...i mean its better to have confluences to support bar formations. thanks again guys Regards Dennis
mornin yawl, hi dennis

please tell me how you got a 40 pip loss on a pair that gapped open (on my feed) and hasnt dropped below its open price yet??

We got strong brakes on the yen PBs etc this morning. there is no way imho anyone should be down right now. imho there is no way anyone still in should loose any money now either. i think if you ar/were it is about your management of them and not the trade. You have got to give these D1 bars time to develope (especially on demos) the market has hardly woke up.

jus my mond morn rant..

jon
PATIENCE... DISCIPLINE
  • #126,002
  • Jun 10, 2013 4:08am Jun 10, 2013 4:08am
Something i am watching.




jon
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PATIENCE... DISCIPLINE
  • #126,003
  • Jun 10, 2013 4:28am Jun 10, 2013 4:28am
Tell me please. What you need to do to make the script Jarroo Level Picker17.zip, wrote the inscription on the left: D HCR, D LCS etc? Sorry for my bad English.
  • #126,004
  • Jun 10, 2013 7:31am Jun 10, 2013 7:31am
Been trying to catch up on some of the old posts by James16 and the videos on the guest area
I took this nice pin bar set up on the USD/CHF, rejected previous support level on a 4 hour chart.
Had actually told myself to stick to the daily but seeing such a nice set up made me took the risk.
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  • #126,005
  • Jun 10, 2013 8:33am Jun 10, 2013 8:33am
Quoting m00nman26
Been trying to catch up on some of the old posts by James16 and the videos on the guest area I took this nice pin bar set up on the USD/CHF, rejected previous support level on a 4 hour chart. Had actually told myself to stick to the daily but seeing such a nice set up made me took the risk. {image}

Moon,

I think you need to be careful with this one. The pin is rather small. We need to look for Big Bars at Great Locations. We would want to see a bearish pin at a swing high. This really isn't a swing high. What might help you see this better is to zoom out your chart a little bit.

Also looks like you took a retrace entry, this bar doesn't look like it broke the low by very much and would have triggered if you had a buffer.

Just my 2 cents. Hope that helps.
  • #126,006
  • Jun 10, 2013 8:46am Jun 10, 2013 8:46am
Quoting dmc
{quote} Moon, I think you need to be careful with this one. The pin is rather small. We need to look for Big Bars at Great Locations. We would want to see a bearish pin at a swing high. This really isn't a swing high. What might help you see this better is to zoom out your chart a little bit. Also looks like you took a retrace entry, this bar doesn't look like it broke the low by very much and would have triggered if you had a buffer. Just my 2 cents. Hope that helps.
Thanks. TOok a 35 pips SL
  • #126,007
  • Jun 10, 2013 10:41am Jun 10, 2013 10:41am
Quoting agp13
Tell me please. What you need to do to make the script Jarroo Level Picker17.zip, wrote the inscription on the left: D HCR, D LCS etc? Sorry for my bad English.

Hey agp13,

Make sure you check the "Show object description" in "Properties" . .

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #126,008
  • Jun 10, 2013 11:26am Jun 10, 2013 11:26am
Quoting mbqb11
Just a reminder I am off for a small vacation in Antigua leaving early tomorrow and back late friday. Thanks to all that come in here and help all those new traders looking for a way to actually make it in this business with a way that works. Your help is so greatly appreciated and why this is the best thread out there hands down Will be around most of today to help but then I will catch you all in a week Best Mike
Dude You deserved it. Have a nice week and dont even think to take pc/mobile with You ... :0)
all is eternal - this is good news for people who loves bad news
  • #126,009
  • Jun 10, 2013 11:38am Jun 10, 2013 11:38am
Quoting Liviu
{quote} Hi Meshka, what program/broker do you use to draw the stock charts please? Thank you !
I am so sorry about 9 days delay to answer took few days off to the sandy beaches of Nida

for stocks hunting I use www.freestockcharts.com and also have paper trading account with www.trademonster.com, have real money acc with www.mbtrading.com too, where I use their Desktop Pro software. I use www.finviz.com for quick stock screening also.
all is eternal - this is good news for people who loves bad news
  • #126,010
  • Jun 10, 2013 12:26pm Jun 10, 2013 12:26pm
Quoting jarroo
{quote} Hey agp13, Make sure you check the "Show object description" in "Properties" . . Jim {image}
Thank you Jim, everything works fine.
  • #126,011
  • Jun 10, 2013 1:48pm Jun 10, 2013 1:48pm
this is my plan USDDKK
http://i1243.photobucket.com/albums/...psa1929adf.jpg
http://i1243.photobucket.com/albums/...ps2d92f646.jpg
http://i1243.photobucket.com/albums/...psa8273ba1.jpg
  • #126,012
  • Jun 10, 2013 4:34pm Jun 10, 2013 4:34pm
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  • #126,013
  • Jun 10, 2013 5:08pm Jun 10, 2013 5:08pm
Quoting Winston Reed
{image}
hey WR,
That was a nice shaped bar ok. what kept me out was that it was formed from the good cad news on frid. Also if it had tested that old swing high better i would have more confidence in it. I had 1.3400 as its FTA (check weekly) so could have stalled quickly also??My personal feeling is that the 1.3500 level would have offered more support than it did if it wasnt for the news. I think that maybe this pair wants to test that high yet, after it broke the more recent one,..?? just a gut feeling though really.

happy hunting

jon
PATIENCE... DISCIPLINE
  • #126,014
  • Jun 10, 2013 5:21pm Jun 10, 2013 5:21pm
Quoting g_j_hook@yah
Some yen PBs for sunday/monday... GB/YEN, nice bar, breaks above RN PPZ, is got 150.50 to hide the second stop behind if it breaks well, and with the current GB strengh it may do well? CAD/YEN nice bar of great PPZ, it has i bit of trouble in its way though... US/YEN similar to CAD/YEN... EU/YEN nice bar in good place, a few problems above. pick your best... jon {image} {image} {image} {image}
Nice breaks on these. If not A+ setups, all FTAs hit convincingly enough, they should be free trades by now at least imho....
I like the GB situation the best...??

jon
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PATIENCE... DISCIPLINE
  • #126,015
  • Jun 10, 2013 5:40pm Jun 10, 2013 5:40pm
Hi guys!

How the hell is that while on free stockcharts i see a nice IPB at tradeMonster i see nothin?
Please someone help? I mean I would be pissed, if others see a nice huge pin, while my broker shows nothin...
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Thanks
Stephen
It's all psychology...
  • #126,016
  • Jun 10, 2013 6:05pm Jun 10, 2013 6:05pm
Quoting LamerTrader
Hi guys! How the hell is that while on free stockcharts i see a nice IPB at tradeMonster i see nothin? Please someone help? I mean I would be pissed, if others see a nice huge pin, while my broker shows nothin... {image}{image} Thanks Stephen
i cant see the second chart, but im guessing that it is simply a matter of the closing times of the candles???different brokers have different times in which they close there candles. see if you can imagine price movement over that area and see if it could have printed the same bar if you chop the time up differently..??
just a thought...
EDIT: i can see both charts now and it is what i said, i believe..??


jon
PATIENCE... DISCIPLINE
  • #126,017
  • Jun 10, 2013 6:41pm Jun 10, 2013 6:41pm
Quoting LamerTrader
Hi guys! How the hell is that while on free stockcharts i see a nice IPB at tradeMonster i see nothin? Please someone help? I mean I would be pissed, if others see a nice huge pin, while my broker shows nothin... {image}{image} Thanks Stephen
If You have papertrading account with trademonster there is a delayed data. You will see realtime in real acc only. thats why it could appear different.
all is eternal - this is good news for people who loves bad news
  • #126,018
  • Jun 10, 2013 7:25pm Jun 10, 2013 7:25pm
HI g_j_hook@yah,

i entered a bit late and not right after the pin bar...moved my stop too early and paid the price....i am still learning how to manage my trade.

Regards
Dennis
  • #126,019
  • Jun 10, 2013 7:31pm Jun 10, 2013 7:31pm
hi Jarro,

Could you please send me the jaroo level picker...i downloaded it but it doesnt seem to work.
Could you help me out here please.

Regards

Dennis
  • #126,020
  • Jun 10, 2013 7:34pm Jun 10, 2013 7:34pm
Quoting g_j_hook@yah
{quote} hey WR, That was a nice shaped bar ok. what kept me out was that it was formed from the good cad news on frid. Also if it had tested that old swing high better i would have more confidence in it. I had 1.3400 as its FTA (check weekly) so could have stalled quickly also??My personal feeling is that the 1.3500 level would have offered more support than it did if it wasnt for the news. I think that maybe this pair wants to test that high yet, after it broke the more recent one,..?? just a gut feeling though really. happy hunting...
Thanks Jon!
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