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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

  • #126,561
  • Jul 3, 2013 12:01am Jul 3, 2013 12:01am
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Quoting g_j_hook@yah
{quote} Hey Martin, how did you get the 2H chart? cheers jon
Hi, g_j_hook@yah
I would feel very happy if I can help senior member, who is very helpful with his posts.
Attach this indi to MT4 chart.
If the chart is Daily, in indicator options window write 2 and open Offline charts.Now you seek D2 at the end and open it.
Depends what your chart is open.
If one hour, you write the numbers - 2, 3, 5, etc ... in offline will show 2H,3H, 5H...
On the day it is the same ...2D, 3D, 5D.
You can write only numbers in indicators window for active chart, ok?
Sorry for my english again


Quoting Pinbar
{quote} This thread is really for studying Pure Price Action & although, I have also posted SFPs in this thread, I feel it could confuse new people. So, I opened a thread called, HCR-LCS & SFP Research thread. As the title suggests it is a Research thread for both the above mentioned methodologies. Recently, it has struck me that, the SFP and HCR-LCS are closely linked, many times, I see a HCR or LCS area also with a small TF SFP. This is natural when we think about it as both the HCR-LCS and the SFP are about order flow. Anyway, here is the link...
Hi, Pinbar, many thanks for this Thread !!!
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Your best teacher is your last mistake ...
  • #126,562
  • Jul 3, 2013 2:02am Jul 3, 2013 2:02am
Quoting LamerTrader
{quote} Did I missed some nice PA? Could you specify the reason of your entry, please? Thanks, Stephen
This was a none PA entry based on that box.As you know the top of the boxes are resistance and the middle point and the bottoms are support ( or the opposite)

So I took half off the table at 0.8550 ( middle of te box) and moved stop to Be..
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  • #126,563
  • Jul 3, 2013 2:13am Jul 3, 2013 2:13am
Quoting g_j_hook@yah
{quote} They can be but this where it gets tricky, (for me) it depends on the surrounding PA, or the story, to determine how valid/convincing they are. We cant pick bars at random and say it is a continuation bar. the story is much more important. jon
By story you mean for example that?:
-Is there a break/close at BRN
-Is there a clearly defined trend
-Do we have confluence (in general)
-Is the size of the OB big enough relative to the previos bars/move
-Any other significant factors..

Thank you
  • #126,564
  • Jul 3, 2013 4:55am Jul 3, 2013 4:55am
Hi Guys,

Not really on topic, but someone mentioned brokers which deal in stocks as well as Forex in this thread. I can't find the post again...

I'm interested in watching these as well on a demo.

Can anyone advise please?

Cheers,
JJ
  • #126,565
  • Jul 3, 2013 5:12am Jul 3, 2013 5:12am
What do you guys think of silver? It has a pinbar at a nice resistance level on the daily, however it also has a pinbar on the weekly chart at a swing low. The weekly pin did close below the resistance level.
  • #126,566
  • Jul 3, 2013 5:16am Jul 3, 2013 5:16am
FXPRO have about thirty or so stocks you can get on their demo account.

Also prorealtime have free EOD stock charts for a whole host of stocks from a number of countries.
  • #126,567
  • Jul 3, 2013 5:19am Jul 3, 2013 5:19am
Quoting kayhan7070
{quote} This was a none PA entry based on that box.As you know the top of the boxes are resistance and the middle point and the bottoms are support ( or the opposite) So I took half off the table at 0.8550 ( middle of te box) and moved stop to Be.. {image}
Hi!
So you simply entered on touch, hoping that price will reverse?

Thanks,
Stephen
It's all psychology...
  • #126,568
  • Jul 3, 2013 5:23am Jul 3, 2013 5:23am
Quoting bee24
{quote} By story you mean for example that?: -Is there a break/close at BRN -Is there a clearly defined trend -Do we have confluence (in general) -Is the size of the OB big enough relative to the previos bars/move -Any other significant factors.. Thank you
Thats right pal.

As far as I know story is like - you zoom out and you take a look at the price in a bigger perspective. You look at the weekly / monthly trend - and you say "hey maybe then its not wise to go long.. I also look at the PAs in the last one month or so. If i see that we had nice PAs (BUOBs, Pins, even with some confluence) and all of them failed - (Just pull up some of the JPY or AUD chart - i cant remember now which one it was) - then i consider the trade again.
Or: I see a pin, but you see that just in the direction where you would trade with the pin - price faked out a few days ago... well its not good again either...
Hope this helps,
Stephen
It's all psychology...
  • #126,569
  • Jul 3, 2013 5:46am Jul 3, 2013 5:46am
Quoting b3g1nn3er
{image} {quote} Hi, g_j_hook@yah I would feel very happy if I can help senior member, who is very helpful with his posts. Attach this indi to MT4 chart. If the chart is Daily, in indicator options window write 2 and open Offline charts.Now you seek D2 at the end and open it. Depends what your chart is open. If one hour, you write the numbers - 2, 3, 5, etc ... in offline will show 2H,3H, 5H... On the day it is the same ...2D, 3D, 5D. You can write only numbers in indicators window for active chart, ok? Sorry for my english again {quote} Hi, Pinbar,...
thanx bro, your english is fine.
i remember now, iv seen it before. its a bit complicated for lazy me, ill stick to working them out in my head. lol.thanx a lot though

jon
PATIENCE... DISCIPLINE
  • #126,570
  • Jul 3, 2013 5:57am Jul 3, 2013 5:57am
Quoting bee24
{quote} By story you mean for example that?: -Is there a break/close at BRN -Is there a clearly defined trend -Do we have confluence (in general) -Is the size of the OB big enough relative to the previos bars/move -Any other significant factors.. Thank you
Yeah bee, you got it. Its just about reading the surrounding PA to get a handle on the "real" picture and not getting caught up in the details. That PA might be a few days worth of a few months worth depending on what your looking at and on what TF. The best lookin PB in the world could well be better left alone if gets printed in a bad locaion with loads of traffic in the way and coming just after a break out of a clear pattern...etc. Read back on a couple of months of mbqb11 posts, nobody puts it clearer than him imo.

jon
PATIENCE... DISCIPLINE
  • #126,571
  • Jul 3, 2013 6:01am Jul 3, 2013 6:01am
Might be worth watching. daily bullish divergence. it looks due some retracement?? nice strong bar coming off support and closing above 1.5200 res. Heading back into the 1.5270-1.5300 area so thats something to be carefull of...


jon
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PATIENCE... DISCIPLINE
  • #126,572
  • Jul 3, 2013 6:38am Jul 3, 2013 6:38am
Quoting g_j_hook@yah
Might be worth watching. daily bullish divergence. it looks due some retracement?? nice strong bar coming off support and closing above 1.5200 res. Heading back into the 1.5270-1.5300 area so thats something to be carefull of... jon {image}

Jon,

how you draw that blue line? is it only for the thread? or we can draw such a short line on MT4?

thanx
  • #126,573
  • Jul 3, 2013 7:01am Jul 3, 2013 7:01am
Quoting laoshi
{quote} Jon, how you draw that blue line? is it only for the thread? or we can draw such a short line on MT4? thanx
It's the box-tool

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Price is what you pay. Value is what you get.
  • #126,574
  • Jul 3, 2013 7:23am Jul 3, 2013 7:23am
Quoting Helius
{quote} It's the box-tool {image}
yeah, its so i dont have lines everywhere. the intraday PPZs can just drift away as the days pass. I save the lines for the RNs usually.

jon
PATIENCE... DISCIPLINE
  • #126,575
  • Jul 3, 2013 7:39am Jul 3, 2013 7:39am
Quoting Helius
{quote} It's the box-tool {image}




mine doesnt have it, where is it in the menu?
  • #126,576
  • Jul 3, 2013 8:22am Jul 3, 2013 8:22am
Quoting laoshi
{quote} mine doesnt have it, where is it in the menu?
Right click there and then costumize -> there you will have two columns... Male sure that the rectangle tool is in your displayed column.

Cheers,
Stephen
It's all psychology...
  • #126,577
  • Jul 3, 2013 8:47am Jul 3, 2013 8:47am
Quoting LamerTrader
{quote} Right click there and then costumize -> there you will have two columns... Male sure that the rectangle tool is in your displayed column. Cheers, Stephen

waowwwww.... thanx a bunch
  • #126,578
  • Jul 3, 2013 9:12am Jul 3, 2013 9:12am
Quoting g_j_hook@yah
Might be worth watching. daily bullish divergence. it looks due some retracement?? nice strong bar coming off support and closing above 1.5200 res. Heading back into the 1.5270-1.5300 area so thats something to be carefull of... jon {image}
Indeed it looks like a daily bullish divergence + engulfing..
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  • #126,579
  • Jul 3, 2013 9:23am Jul 3, 2013 9:23am
Quoting fascist
{quote} Indeed it looks like a daily bullish divergence + engulfing.. {image}

where is the good entry for this?
  • #126,580
  • Jul 3, 2013 9:44am Jul 3, 2013 9:44am
Quoting laoshi
{quote} where is the good entry for this?
You have to decide pal...
James16 says OutsideBars often retrace a bit to their 50 or 70%. So at a slow, choppy market i would enter on retrace. - True if there is a high momentum move you wont get in and you will be left out.. Yesterday i had a weak BUOb on the AUDJPY which i entered on retrace and it worked fine.
Or you can enter on the break of the bar as well...
I think it depends on the situation - so you have to test it for yourself if you want to go for the max profit

Outside bars are much ahrder to play. Notice that after an outside bar you might get a small reverse to its 50% level in the form of an Inside bar. here you might consider playing the inside bar and the outside bar together - (you set your limit order on the break of the IB etc etc)

Cheers,
Stephen
It's all psychology...
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