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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

  • #126,481
  • Jun 28, 2013 1:55pm Jun 28, 2013 1:55pm
looks like we have pin on weekly silver...
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all is eternal - this is good news for people who loves bad news
  • #126,482
  • Jun 28, 2013 2:08pm Jun 28, 2013 2:08pm
Quoting g_j_hook@yah
BTW in case anyone is interested, check out the purple dotted lines on the charts, it represents the days opening time and price, follow the PA from the start of each day and see how price reacts to it. the perfect intraday pivot finder... jon {file} {image}

for some reason i cant make it work - it just disapear from indicators folder when I reload MT4
all is eternal - this is good news for people who loves bad news
  • #126,483
  • Jun 28, 2013 2:16pm Jun 28, 2013 2:16pm
Quoting meshka
looks like we have pin on weekly silver... {image}
well, rather small size compared to the bar before, isn't it, meshka.
the precious metals had some crazy moves in the last days. i stay away from them (as well as all jpy-pairs, btw.)
meine augen sind die sterne
  • #126,484
  • Jun 28, 2013 3:46pm Jun 28, 2013 3:46pm
Quoting meshka
{quote} for some reason i cant make it work - it just disapear from indicators folder when I reload MT4
??? you are putting it into the experts/indicators folder yes??

here you can try again. ill post both files, maybe that is it??

jon
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 374 downloads
File Type: ex4 daily_open_line.ex4   4 KB | 355 downloads
PATIENCE... DISCIPLINE
  • #126,485
  • Jun 28, 2013 3:47pm Jun 28, 2013 3:47pm
Quoting Winston Reed
{quote} Triggered during Asian but as you said momentum is lacking. Keeping a short leash on this one. {image}
nice trade bro , i see we got the momentum we thought was lacking!!

jon
PATIENCE... DISCIPLINE
  • #126,486
  • Jun 28, 2013 3:50pm Jun 28, 2013 3:50pm
Quoting meshka
looks like we have pin on weekly silver... {image}
i agree with aserbfx, i would want a PB 12 times the sizeof that to stand under gold or silver right now...
a good level though, if it breaks down through it we might get a good short chance it retraces back to it??

jus my opinion..


jon
PATIENCE... DISCIPLINE
  • #126,487
  • Jun 28, 2013 3:59pm Jun 28, 2013 3:59pm
Quoting g_j_hook@yah
will history repeat itself?? who knows but ill be watching to find out. looks a little bearish to me though..?? jon {image} {image} {image}
i guess it did better start putting in the PPZs below it!!



jon
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PATIENCE... DISCIPLINE
  • #126,488
  • Jun 28, 2013 4:08pm Jun 28, 2013 4:08pm
Quoting g_j_hook@yah
{quote} This is something iv be demoing, i put a limit sell in about at the cross... jon {image}
worked out well this time...


jon
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PATIENCE... DISCIPLINE
  • #126,489
  • Jun 28, 2013 5:06pm Jun 28, 2013 5:06pm
Something to consider for next week.
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  • #126,490
  • Jun 28, 2013 5:11pm Jun 28, 2013 5:11pm
Quoting Winston Reed
Something to consider for next week. {image}{image}
good area. im pretty bullish on this pair, personally i think we will get a break north....??? weve got bullish divergence too from 4H on..

jon
PATIENCE... DISCIPLINE
  • #126,491
  • Jun 28, 2013 5:34pm Jun 28, 2013 5:34pm
Hmmmm. This one seems interesting. Any comments?


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  • #126,492
  • Jun 29, 2013 12:03am Jun 29, 2013 12:03am
Quoting mbqb11
{quote} sweet one Stephen
Thanks, Mike
Im doing my best. And just as you recommended: Im still workin on the j16 basics
Watchin videos - but there are tons of em
It's all psychology...
  • #126,493
  • Jun 29, 2013 1:17am Jun 29, 2013 1:17am
Hi Mike, and another traders. Please look at that two charts. can you say that it are both analogy? May be you see trouble on buy GBPCHF?
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  • #126,494
  • Jun 29, 2013 2:30am Jun 29, 2013 2:30am
Quoting Winston Reed
Hmmmm. This one seems interesting. Any comments? {image}
a possible inverted heads and shoulders in the formation, box consolidation. daily close above LCS which is interesting.
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  • #126,495
  • Jun 29, 2013 4:27am Jun 29, 2013 4:27am
Quoting albus999
{quote} a possible inverted heads and shoulders in the formation, box consolidation. daily close above LCS which is interesting. {image}
Looks like a regular H&S to me but, want to see these at a SH not a SL.
  • #126,496
  • Jun 29, 2013 5:26am Jun 29, 2013 5:26am
Hello Everyone,

A few trades from last week; open for criticism as always (Still a beginner).

GBP/CAD: PBT&CA 3 Daily HCR levels with one bullish bar, buy order placed at most recent level. Price bounced as expected and retraced for 1.5R hit manually trailed stop at 1R. Initial stop loss hidden behind Weekly level and BRN.

http://i.imgur.com/sNVdvoB.png

NZD/USD: PBT&CB a nice daily LCS which had been rejected at the first time back. Sell order set for level, bounced as expected and dropped to easily recover 1R. If my balls were bigger and I kept the trade open the R would have been much better. The benefit of Hindsight I suppose, I would have likely been taken out at BE anyway.

http://i.imgur.com/5NZQeDB.png

AUD/CHF: I made a complete mess of this one; my daily LCS level was off (should have been the 2 tighter ones further up) and so what seemed like a first time back rejection followed by PBT&CB was in fact my levels washing ( and therefore invalidating). The loss should have also been cut short. Poor money management. Lesson learned.

http://i.imgur.com/waillGo.png

AUD/USD: Great first time back reaction to daily and weekly HCR level forming a pin (which i also took last week) followed by PBT&CB both these levels with one bearish bar. Sell order set for the weekly level, price bounced as expected and I took profits come friday.

http://i.imgur.com/TSRhgC9.png

Thanks for reading, I feel my confidence and understanding of what is actually going on in the markets is growing weekly. Keep up the good work guys!
  • #126,497
  • Jun 29, 2013 5:28am Jun 29, 2013 5:28am
BUOB on platinum daily rejecting BRN 1300.
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  • #126,498
  • Jun 29, 2013 6:54am Jun 29, 2013 6:54am
Hi all,

Hello,

Please, may i ask you how you see aud/jpy in the next week?


Monthly: it seems in a support zone (so long):


Weekly: it broke up the inside bar (so long):

Daily: a BEOB closed under the low of previous day (so short):


Thank in advance if someone could make me more clear this scenario for the nex week.


Good trading to all.


Thank you very much
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Don't give up
  • #126,499
  • Jun 29, 2013 3:55pm Jun 29, 2013 3:55pm
HI

For me price still in the box. Cosnolidation.
Darek
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  • #126,500
  • Jun 29, 2013 4:37pm Jun 29, 2013 4:37pm
Quoting geomink
Hi all, Hello, Please, may i ask you how you see aud/jpy in the next week? Monthly: it seems in a support zone (so long): Weekly: it broke up the inside bar (so long): Daily: a BEOB closed under the low of previous day (so short): Thank in advance if someone could make me more clear this scenario for the nex week. Good trading to all. Thank you very much {image} {image} {image} {image}
Hi geomink, changing TFs can be confusing but try and remember the trade you might choose to take is reletive to the TF it was taken on. e.g. a lot can happen on the 4H chart that you wont even see on the weekly.
The first thing i noticed is the break of the IB on the 1W is barly a break, i would consider it another IB almost. Also the BUOB isnt so convincing after the size of those previous down bars, and it formed on a frid so a lot of it could just be profit taking.
Try standing back a little and seeing the bigger picture to get a feel for the PA. dont take each bar as a technical rule to be follow, they are just the trigger bars really, tipping us to possible turning points.
heres how i am seeing it. a reaction to that great PPZ at 89.00-90.00 after that masive run down. to be expected. The divergence on the daily and 4H shows price was over extended and so some retracement off that strong level was to be expected. it actually targets 93.70ish and we might get to there if the retrace takes off some?? I am finding it hard to be bullish this pair untill price stays above 91.00 although it does look like a rounded bottom on the 4H chart. Again though that could represent a small retrace for the weekly TF. Its pretty much trading in a box atm so things are not very clear. a break out of 91.50ish to 93.50ish might be a decent situation?? i think 89.00 is the place to watch..?? wil be waitin n watchin personally.

hope this helps


jon
PATIENCE... DISCIPLINE
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