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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

  • #130,441
  • Apr 4, 2014 7:55am Apr 4, 2014 7:55am
Quoting Donaciello
{quote} Also, read Post #1 carefully, there's tons of valuable information embedded in this post. Recently 'Lamertrader' Compiled the J16 charts that were posted on this forum. Have fun and I wish you good luck on your journey! W
Ok, thx
  • #130,442
  • Apr 4, 2014 8:04am Apr 4, 2014 8:04am
Quoting mbqb11
{quote} and i'm out {image}
Beautiful trade Mike
Price is beautiful. A repetitive method is a competitive method.
  • #130,443
  • Apr 4, 2014 8:12am Apr 4, 2014 8:12am
Quoting michal7
Trade I took sunday night. Super basic stuff. Just wait for these... {image} {image} {image}
yes, was nice j16 stuff!! good work!
...and have you seen the yesterday's pin, too on this same pair - I haven't got filled i was trying to jump in with buy limit order :-/
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  • #130,444
  • Apr 4, 2014 9:53am Apr 4, 2014 9:53am
I just took a position in USD/CAD.

A BEOB forms around BRN 1.1 and closes far away from it's former consolidation.
Before price can take out the high of this BEOB, it would need to go through 1.1000 again, which lines up with the 365 EMA and 4 close and recent lows.

Chart:
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W
It's a sport, an artform and a science.
  • #130,445
  • Apr 4, 2014 2:25pm Apr 4, 2014 2:25pm
Is this a Bearish Outside vertical Bar?
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  • #130,446
  • Apr 4, 2014 2:30pm Apr 4, 2014 2:30pm
Quoting sojmanie
Is this a Bearish Outside vertical Bar? {image}

It is but always recall if it is at an important level or resistance area. Daily looks like it may be at a minor flip area.
  • #130,447
  • Edited 11:38am Apr 5, 2014 9:04am | Edited 11:38am
hey guys,

wanna know your idea about USD/JPY weekly. have a look at the picture:
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  • #130,448
  • Apr 5, 2014 10:44am Apr 5, 2014 10:44am
Quoting aserbfx
two setups from the german market. weekly charts. AOX and HNR1 {image} {image}
one week later

AOX and HNR1 on weekly

while AOX nearly explode, HNR1 ranged
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meine augen sind die sterne
  • #130,449
  • Apr 5, 2014 3:46pm Apr 5, 2014 3:46pm
Another Pair to keep my eye on for possible breakout.
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  • #130,450
  • Apr 6, 2014 7:26am Apr 6, 2014 7:26am
Quoting michal7
Trade I took sunday night. Super basic stuff. Just wait for these... {image} {image} {image}
A copy of my trade. Very nice and simple.
If not up, then down, otherwise sideways :-)
  • #130,451
  • Apr 6, 2014 8:46am Apr 6, 2014 8:46am
Did anybody notice the bearish engulfing pattern on the Dow Jones industrial average? Close below 16600 after breaching a previous high of 16588 late December 2013. First FTA support area at around 16250 (Red) followed by 16180 (Green), entry at the break of the bearish candle, 16380. Note the congestion pattern to the left in the period of Dec 2013 -Jan 2014 (Green box) and suggest a very strong resistance at 16380 after that support breaks.

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  • #130,452
  • Apr 6, 2014 9:30am Apr 6, 2014 9:30am
Quoting fascist
Did anybody notice the bearish engulfing pattern on the Dow Jones industrial average? Close below 16600 after breaching a previous high of 16588 late December 2013. First FTA support area at around 16250 (Red) followed by 16180 (Green), entry at the break of the bearish candle, 16380. Note the congestion pattern to the left in the period of Dec 2013 -Jan 2014 (Green box) and suggest a very strong resistance at 16380 after that support breaks. {image}
I would personally avoid this trade. Take a look at actual levels. You are taking a trade against very strong support. S/R levels are zones, not exact levels. It is what we call trading into traffic. Very dangegrous. Be careful mate...
Lose small, win BIG
  • #130,453
  • Apr 6, 2014 11:00am Apr 6, 2014 11:00am
Quoting fascist
Did anybody notice the bearish engulfing pattern on the Dow Jones industrial average? Close below 16600 after breaching a previous high of 16588 late December 2013. First FTA support area at around 16250 (Red) followed by 16180 (Green), entry at the break of the bearish candle, 16380. Note the congestion pattern to the left in the period of Dec 2013 -Jan 2014 (Green box) and suggest a very strong resistance at 16380 after that support breaks. {image}
remember that we want to see beob in downtrends at a swing high. here we have a very strong bullish trend which lasts since a couple of years.
meine augen sind die sterne
  • #130,454
  • Apr 6, 2014 1:09pm Apr 6, 2014 1:09pm
EUR/GBP on my watching list
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  • #130,455
  • Apr 6, 2014 1:25pm Apr 6, 2014 1:25pm
GBPCHF looks to be in a good location
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  • #130,456
  • Apr 6, 2014 3:28pm Apr 6, 2014 3:28pm
Quote
Hey Neytiri You are far off from the breakout area for me. .... You want to look towards the breakout pattern for PA(if you want to replicate how I approach them). So where the green circle is I would look for good PA on the houlry/30min even 15min for an hourly pattern. So in this case for me there was no PA and price just broke out fast so i'd pass on this one myself Let me know if that makes sense Mike

hey Mike,
won't you consider the pin bar that formed before price broke out of the pattern a PA?
does the PA you are looking for have to form inside / within the green circle you have there?

thanks for your time

Dinta
  • #130,457
  • Apr 6, 2014 3:36pm Apr 6, 2014 3:36pm
Quoting farshidtt
GBPCHF looks to be in a good location {image}
I think it's pretty small, in traffic and it's a friday bar, it could be just profit taking...
Better to look for big PB that at major swing points
  • #130,458
  • Apr 6, 2014 3:40pm Apr 6, 2014 3:40pm
Eur/Usd in an interesting area to watch in the coming weeks.
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  • #130,459
  • Apr 7, 2014 1:27am Apr 7, 2014 1:27am
Quoting lenrod
{quote} I think it's pretty small, in traffic and it's a friday bar, it could be just profit taking... Better to look for big PB that at major swing points
thanks Lenrod,

USDCHF daily has formed a pin bar but the setup is not grade A:
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  • #130,460
  • Apr 7, 2014 1:53am Apr 7, 2014 1:53am
Quoting ProsteJa
{quote} I would personally avoid this trade. Take a look at actual levels. You are taking a trade against very strong support. S/R levels are zones, not exact levels. It is what we call trading into traffic. Very dangegrous. Be careful mate...
Thanks. But didn't the bullish trend recently traded into traffic as well, breached into a new high and could not hold, closing down into a large bearish engulfing candle?

I do acknowledge that there is support and traffic downwards as well, i just thought the price action to the downside has a stronger indication.
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