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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

  • #135,261
  • Jun 4, 2015 1:13pm Jun 4, 2015 1:13pm
USDJPY - moved 1:1 , BE now.

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  • #135,262
  • Jun 4, 2015 1:32pm Jun 4, 2015 1:32pm
Quoting zamfir
{quote} , previous day hi and lo matters. usually you have break out failures at these level. look for them, they are everywhere...
Hi Zamfir,
Can you elaborate on this comment, i dont quite know what your referring too...newbie
  • #135,263
  • Jun 4, 2015 1:41pm Jun 4, 2015 1:41pm
Hi Zamfir,

generally your trading style is pretty clear to me. Most of the time you are trading outside bars, inside bars or pinbars. But I know that these bar-patterns are totally useless if they are located "somewhere" in the chart. So I am very interested how you determine your levels from where you trade. I always thought that you only use daily levels to trade from but now I see that you also look for H4 and even H1 levels.
Could you please say some words how you plot your levels? On the H1 chart there are so many levels which break easily and therefore I am interested in how you see the charts. What is important for you to draw a level?

Thank you!

PS. Do you take the major trend into consideration when you trade from levels?
  • #135,264
  • Jun 4, 2015 1:57pm Jun 4, 2015 1:57pm
Quoting reddle28
{quote} Hi Zamfir, Can you elaborate on this comment, i dont quite know what your referring too...newbie
Hi reddle,
I think this might help. Zamfir can elaborate a bit more if need be.
The highs and lows of the previous day, and days before that, is used as support and resistance.
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Keeping it Simple
  • #135,265
  • Jun 4, 2015 2:23pm Jun 4, 2015 2:23pm
thanks habeeb, thats clears it up, also i have been watching some of your trades....very goods thanks for sharing.
  • #135,266
  • Jun 4, 2015 3:08pm Jun 4, 2015 3:08pm
Hi James, I can't wait to join! Is the new website up yet? Thank you for all you do.

Quoting james16
We should be up in about a month.
  • #135,267
  • Jun 4, 2015 4:06pm Jun 4, 2015 4:06pm
Quoting oxygn
Hi James, I can't wait to join! Is the new website up yet? Thank you for all you do. {quote}
Hi Oxygn,
the new site is not up yet.
Keeping it Simple
  • #135,268
  • Edited 6:08pm Jun 4, 2015 5:34pm | Edited 6:08pm
Quoting zamfir
{quote} well you got most of it. for intraday trades , previous day hi and lo matters. usually you have break out failures at these level. look for them, they are everywhere...
Thanks for the tip Zamfir; I'll look out for them.

Here's EUR/NZD Short:
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Like a waterfall:
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It's a sport, an artform and a science.
  • #135,269
  • Jun 4, 2015 6:40pm Jun 4, 2015 6:40pm
Hey D

Here's another. Shorted EURCAD Daily:
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  • #135,270
  • Jun 4, 2015 6:58pm Jun 4, 2015 6:58pm
Quoting fxin
Hey D Here's another. Shorted EURCAD Daily: {image}
He Fxin,

Was in doubt whether to short e/n or e/c

Nice one!
It's a sport, an artform and a science.
  • #135,271
  • Edited 8:39pm Jun 4, 2015 8:06pm | Edited 8:39pm
Quoting Donaciello
{quote} He Fxin, Was in doubt whether to short e/n or e/c Nice one!
lol well best of luck to both! Another pin on EURZAR. always nice to have choices
  • #135,272
  • Jun 4, 2015 9:01pm Jun 4, 2015 9:01pm
Quoting fxin
{quote} lol well best of luck to both! Another pin on EURZAR. always nice to have choices
EURZAR is showing the same reason I decided to go not with EURCAD, but EURNZD.
Namely, the bars on EURCAD and EURZAR did not close within the prior bar on my feed (Oanda & FxPro)
It's a sport, an artform and a science.
  • #135,273
  • Jun 4, 2015 9:18pm Jun 4, 2015 9:18pm
Quoting desco
Hi Zamfir, generally your trading style is pretty clear to me. Most of the time you are trading outside bars, inside bars or pinbars. But I know that these bar-patterns are totally useless if they are located "somewhere" in the chart. So I am very interested how you determine your levels from where you trade. I always thought that you only use daily levels to trade from but now I see that you also look for H4 and even H1 levels. Could you please say some words how you plot your levels? On the H1 chart there are so many levels which break easily...
Well, this is nothing new. Why you struggle so much my friend?.

Yes , there are plenty of levels on H1 and H4. This is why you pick the best levels on those time frames. The best levels are clearly evident and to know which levels to pick will come from experience and screen time. So you have to put in that effort or you are just wasting your time watching others charts.

There is no easy answer to questions like "What are the best levels? or "what is the best PPZ".

Keep things simple and pay attention to the detail and practice ,practice , practice. It will come to you in time.
  • #135,274
  • Jun 4, 2015 9:21pm Jun 4, 2015 9:21pm
Quoting reddle28
{quote} Hi Zamfir, Can you elaborate on this comment, i dont quite know what your referring too...newbie
I m not sure what exactly you want clarity on , Intraday S/Rs or break out failures. Either way , nothing new here. Just google "Breakout failures". However , you will still need to understand PA to use these concepts in your trading method/strategy.
  • #135,275
  • Jun 4, 2015 9:22pm Jun 4, 2015 9:22pm
Quoting habeeb
{quote} Hi reddle, I think this might help. Zamfir can elaborate a bit more if need be. The highs and lows of the previous day, and days before that, is used as support and resistance. {image}
Thanks for that habeeb. I m not really good at explaining stuff.
  • #135,276
  • Jun 4, 2015 11:31pm Jun 4, 2015 11:31pm
Quoting Donaciello
{quote} EURZAR is showing the same reason I decided to go not with EURCAD, but EURNZD. Namely, the bars on EURCAD and EURZAR did not close within the prior bar on my feed (Oanda & FxPro)

I see where you mean. didnt pay attention to that. thanks d.
  • #135,277
  • Jun 5, 2015 3:06am Jun 5, 2015 3:06am
Quoting Donaciello
{quote} Thanks for the tip Zamfir; I'll look out for them. Here's EUR/NZD Short: {image} Like a waterfall: {image}
I'm finding with the EUR crosses at the moment, J16s ideas about taking some off the table early is more pertinent than ever - good trades and hope you banked some pips.
  • #135,278
  • Edited 5:54am Jun 5, 2015 4:10am | Edited 5:54am
EUR/USD D1 PB. Sell

EDIT: 1st target hit. BE. 2nd order free trade going for gold.

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EUR/CAD D1 PB. Sell.

EDIT: 1st target hit. stop to BE. 2nd order free trade. Target next TA around 1.3760

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'Fail to plan, plan to fail'
  • #135,279
  • Jun 5, 2015 5:57am Jun 5, 2015 5:57am
EUR/USD almost there...

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  • #135,280
  • Jun 5, 2015 6:11am Jun 5, 2015 6:11am
yes... waiting for 1.5 fib level for EURUSD:

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