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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

  • #135,781
  • Edited 4:42am Jul 9, 2015 3:09am | Edited 4:42am
Silver. Experimental trade. PB H1. 150 ema has a bit of authority on the 1 hr TF I've noticed. Let's see if this helps this PB move south. Just posting this out of interest. This is not a recommendation to trade PB's of ema's. P.S. (If it heads north, kindly disregard this post and anything I say in general).

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GBP/USD H4 PB. Already taken some good pips on this pair yesterday. Looking for a 2nd chance entry. sell stop order set a few pips below nose of PB.

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'Fail to plan, plan to fail'
  • #135,782
  • Jul 9, 2015 3:16am Jul 9, 2015 3:16am
Quoting Adhavan
Friends Anyone Watching EURUSD Buy entry.. Pinbar rejection at VBRN 1.10 with TL support...Divergence also added value.. Expect the price close above the FTA 1.11160.. But PIN doesn't have sufficient size of wick and body also look big... {image} I expect a input to handle this kind of situation, when the strong story support to enter the trade, but key (Bar) doesn't support. Adhav
Hi adhavan,
there are many bar high and bar low above the pin which can make it hard. 1.11 also can act as resistance. i think looking for short near trend line is a safer play. just my option though. take care. reza
  • #135,783
  • Jul 9, 2015 3:21am Jul 9, 2015 3:21am
Quoting Donkey
USDJPY squeezing on daily...another one to watch. {image}
Hey D,
thanks for sharing. wonder if you played USD/JPY? did you take it on 4H or waiting for daily retrace? thanks, reza
  • #135,784
  • Jul 9, 2015 3:48am Jul 9, 2015 3:48am
Quoting Guitarbloke
EUR/JPY PB. Rare M15 trade from the young fella with the relaxed gait , but this TF is where I found my entry. Looking for 3:1 RR.
Hello GB, great trade at BRN and PPZ of 135.00 !
Unfortunately I missed it and
I think at 30M there was a similar sell signal.

At the moment Iam looking for a long at the BUOB in AUD/CAD
after a new weekly high.
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  • #135,785
  • Jul 9, 2015 4:01am Jul 9, 2015 4:01am
Quoting oble
{quote} Hmm.. With the current strong bearish trend, I'm not 100% confident in this DBLHC. There seems to be a lack of confluence from around the area, although if it breaks 10 pips or so above the 2nd bar, it can have a chance for some short term move up to either the BRN of 0.68 for a quick 40~50 pip profit, or a bit more to test the current trend line? Probability is a little low for my liking.
Agreed!
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  • #135,786
  • Jul 9, 2015 4:04am Jul 9, 2015 4:04am
Morning guys.

In on this one, traded off the 1h pin. Not sure yet if this is a reversal or a retrace but have moved to BE to cover the trade going against me.

Going to keep an eye on the key fib points to watch for downward PA but 25 pips to the good so far.
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  • #135,787
  • Jul 9, 2015 4:15am Jul 9, 2015 4:15am
Quoting Adhavan
Friends Anyone Watching EURUSD Buy entry.. Pinbar rejection at VBRN 1.10 with TL support...Divergence also added value.. Expect the price close above the FTA 1.11160.. But PIN doesn't have sufficient size of wick and body also look big... {image} I expect a input to handle this kind of situation, when the strong story support to enter the trade, but key (Bar) doesn't support. Adhav
Hey Adhavan.

Reza makes some good points. For me, that PB is in the middle of a lot of mess, closed bearish and there's no real direction in the market as yet. Price is at a resistance level around 1.10500 zone, plus 1. 10000 level close below. A lot of traffic/resistance above you as you can see. BEOB on H4, but this is trading into BRN 1.10000. PB may work out, but not sure if this trade has a good probability right now. All the best friend. GB.
'Fail to plan, plan to fail'
  • #135,788
  • Jul 9, 2015 4:18am Jul 9, 2015 4:18am
Quoting Bladerunn3r
Morning guys. In on this one, traded off the 1h pin. Not sure yet if this is a reversal or a retrace but have moved to BE to cover the trade going against me. Going to keep an eye on the key fib points to watch for downward PA but 25 pips to the good so far. {image}
Guten tag, Blade I dunno about H1 PA. But nice to see you here. You were missing for a while.

Try listening to this while trading:
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  • #135,789
  • Jul 9, 2015 4:21am Jul 9, 2015 4:21am
Quoting Bladerunn3r
Morning guys. In on this one, traded off the 1h pin. Not sure yet if this is a reversal or a retrace but have moved to BE to cover the trade going against me. Going to keep an eye on the key fib points to watch for downward PA but 25 pips to the good so far. {image}
PB at swing low in an uptrend. Pretty good call Blade. I'm watching to see if trend turns around too, but I would've considered. Trading into some bearish PA though so not sure how far it'll go.
'Fail to plan, plan to fail'
  • #135,790
  • Jul 9, 2015 5:29am Jul 9, 2015 5:29am
Quoting Guitarbloke
{quote} PB at swing low in an uptrend. Pretty good call Blade. I'm watching to see if trend turns around too, but I would've considered. Trading into some bearish PA though so not sure how far it'll go.
Thanks mate, i got out a bit early i think, took 50 or so from it before i had to head out for an hour. It hit my original TP too, what ya gonna do huh *Italian Gesture*

Will watch now for a nice PA off of the H1 Trendline possibly could kick down to the 2.0400 area.
  • #135,791
  • Jul 9, 2015 5:32am Jul 9, 2015 5:32am
Quoting incognito517
{quote} Guten tag, Blade I dunno about H1 PA. But nice to see you here. You were missing for a while. Try listening to this while trading: https://www.youtube.com/watch?v=SNYBh4ryl5k
I was out of commission yesterday, I tend to avoid trading the day after a late night, to be honest i tend to avoid doing ANYTHING after a late night.

I have made some good pips this week so in no rush to over trade.

How you doing today?
  • #135,792
  • Jul 9, 2015 5:42am Jul 9, 2015 5:42am
Small pin on H4 GBP/JPY, its coming off resistance and at 50% FIb although the candle is the wrong colour.
  • #135,793
  • Jul 9, 2015 6:04am Jul 9, 2015 6:04am
Quoting Bladerunn3r
Small pin on H4 GBP/JPY, its coming off resistance and at 50% FIb although the candle is the wrong colour.
Strong downward momentum so may work out. I have an order on similar set up H4 PB GBP/USD which looks about to be triggered. I'm looking to ride it down to next support around 1.52000. 150 pips. (Chart in previous post). Cashed in a few chips already so this'll be the last trade for a bit. Off to strum me geetar. GB.
'Fail to plan, plan to fail'
  • #135,794
  • Edited 6:15am Jul 9, 2015 6:05am | Edited 6:15am
Quoting Bladerunn3r
{quote} I was out of commission yesterday, I tend to avoid trading the day after a late night, to be honest i tend to avoid doing ANYTHING after a late night. I have made some good pips this week so in no rush to over trade. How you doing today?
Im like a PMS'ing T-Rex ATM (cries) Damn it! I was almost there, I thought Id get out before the 21 day average, but in my greed I waited for the TP to get hit (you know, the euphoric feeling you get from winning in these environments). Even after it started finding resistance at the moving average I waited like a complete idiot. I removed my stop from BE back to my initial S/L. This pattern rarely ever fails on me from horizontal support, even in counter trend and choppy environments like this. But now I risk taking a loss on a trade that was 5 pips away from TP. Im so frustrated. But I still trust it to fire back. Fingers crossed Come on Hikkake!

EDIT: Forget it! I'm out with a $5 win I can't lose from here. Oh well
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  • #135,795
  • Jul 9, 2015 6:41am Jul 9, 2015 6:41am
Quoting Reza.glm
{quote} Hey D, thanks for sharing. wonder if you played USD/JPY? did you take it on 4H or waiting for daily retrace? thanks, reza
I trade daily charts almost exclusively and did not trade the initial pattern break. I was actually hoping to see it consolidate in the pattern for a few more days. I will still watch the lower trend line and see if it holds as resistance.
  • #135,796
  • Jul 9, 2015 7:03am Jul 9, 2015 7:03am
Quoting Donkey
{quote} I trade daily charts almost exclusively and did not trade the initial pattern break. I was actually hoping to see it consolidate in the pattern for a few more days. I will still watch the lower trend line and see if it holds as resistance.
Thanks for reply D. it's interesting to me that you only trade daily so you are not going to TT(touch trade) you'll wait for PA at lower trendline?
  • #135,797
  • Jul 9, 2015 7:15am Jul 9, 2015 7:15am
Long NZD/USD off pinbar at BRN 0.6700 was a good idea.
Took profit at former resistance with RR 1:1.3

On the other hand, long AUD/CAD was a bad idea.
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  • #135,798
  • Jul 9, 2015 7:41am Jul 9, 2015 7:41am
Hi guys,
my first touch trade,any comment appreciated.
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  • #135,799
  • Jul 9, 2015 7:41am Jul 9, 2015 7:41am
Quoting incognito517
{quote} Im like a PMS'ing T-Rex ATM (cries) Damn it! I was almost there, I thought Id get out before the 21 day average, but in my greed I waited for the TP to get hit (you know, the euphoric feeling you get from winning in these environments). Even after it started finding resistance at the moving average I waited like a complete idiot. I removed my stop from BE back to my initial S/L. This pattern rarely ever fails on me from horizontal support, even in counter trend and choppy environments like this. But now I risk taking a loss on a trade that...
Damn sorry to read that, don't get too downhearted, a $5 is a win. I suffer with the opposite of what you have in this case, I tend to cash out too early. But i remember that you had a wicked trade yesterday that gave you 130 pips? have i remembered that correctly? that's some first rate trading soldier........

You sent me a link to listen to whilst trading so here is one for you to listen to now.

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  • #135,800
  • Jul 9, 2015 8:29am Jul 9, 2015 8:29am
hi all..im newbie here..just wanna ask if the james16group still available to join?
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