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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

  • #136,141
  • Jul 28, 2015 10:55am Jul 28, 2015 10:55am
Quoting ziven78
{quote} Hi Mike are you in?
Hey Z

Yep I just hit my take profit for over 5%

30 min BEOB was my entry

Here are my charts from the PF

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  • #136,142
  • Jul 28, 2015 11:28am Jul 28, 2015 11:28am
Quoting mbqb11
{quote} Hey Z Yep I just hit my take profit for over 5% 30 min BEOB was my entry Here are my charts from the PF {image} {image}
I was late but shorted on pull back to 1.30, nice trade. Covered second half just now.
thanks for pointing at this chart Mike.
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  • #136,143
  • Jul 28, 2015 3:11pm Jul 28, 2015 3:11pm
Quoting ziven78
{quote} I was late but shorted on pull back to 1.30, nice trade. Covered second half just now. thanks for pointing at this chart Mike. {image}
great job Z
  • #136,144
  • Jul 28, 2015 4:34pm Jul 28, 2015 4:34pm
Nice trade on the USD/CAD folks. Thanks Mike and Ziven for your charts.

CAD/JPY H4 BUOVB. I hate getting in this late lol. Stalling at a bit of congestion to the left at the moment but I'm looking for price to push through to target. Moved to BE so risk managed. Question: Hey Mike and everyone. I've moved stop to BE after being up 50 pips. Do you think I'm moving to BE too early, or is this more a wise move? P.S. I'm not asking for trading advice on this trade, more about what is your trading style. All welcome. Thanks, GB.

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'Fail to plan, plan to fail'
  • #136,145
  • Jul 28, 2015 6:21pm Jul 28, 2015 6:21pm
Quoting Guitarbloke
Nice trade on the USD/CAD folks. Thanks Mike and Ziven for your charts. CAD/JPY H4 BUOVB. I hate getting in this late lol. Stalling at a bit of congestion to the left at the moment but I'm looking for price to push through to target. Moved to BE so risk managed. Question: Hey Mike and everyone. I've moved stop to BE after being up 50 pips. Do you think I'm moving to BE too early, or is this more a wise move? P.S. I'm not asking for trading advice on this trade, more about what is your trading style. All welcome. Thanks, GB. {image}
Hey GB

Yep it absolutely makes sense

This is a pretty important area for the 4hr to hold now. If this pivot can hold we should make it to the 96 area and then if that can break into the top of the box

from a daily perspective we can see that larger box and price being stuck at the midpoint. The midpoint of all boxes is a PPZ. So price may also want to retrace to the 95 area too. So that's why this area makes a good TP area also which is what I would have done

Hope that helps
Mike
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  • #136,146
  • Jul 28, 2015 7:13pm Jul 28, 2015 7:13pm
Quoting mbqb11
{quote} Hey GB Yep it absolutely makes sense This is a pretty important area for the 4hr to hold now. If this pivot can hold we should make it to the 96 area and then if that can break into the top of the box from a daily perspective we can see that larger box and price being stuck at the midpoint. The midpoint of all boxes is a PPZ. So price may also want to retrace to the 95 area too. So that's why this area makes a good TP area also which is what I would have done Hope that helps Mike {image} {image}
Thanks Mike. Makes more sense when I look at it from a box perspective on D1. I've locked in some profit. Appreciate you taking the time to post those charts. I notice at the top around 96.90 area it also looks like a supply area. Does J16 cover this concept, supply and demand in the PF? Out of interest, what are your thoughts on supply and demand zones and trading from them/looking for them to trade from?

Thanks, GB.
'Fail to plan, plan to fail'
  • #136,147
  • Jul 29, 2015 1:45am Jul 29, 2015 1:45am
Took TP on daily GBPJPY (50 pips), GBPUSD (60 pips) & USDCAD (80 pips) after PBs formed. Nice beginning of the week).
Don't forget about todays news on USD (FOMC). I decided to stay outside.
  • #136,148
  • Jul 29, 2015 6:13am Jul 29, 2015 6:13am
What about EURGBP?
2 day PB is forming & ready to work, isn't it? Plus bounce on weekly chart from weekly s/r.
Found this kind of PA setup in early Mike's posts about 8 years ago)
  • #136,149
  • Jul 29, 2015 6:42am Jul 29, 2015 6:42am
Quoting antisystem
Took TP on daily GBPJPY (50 pips), GBPUSD (60 pips) & USDCAD (80 pips) after PBs formed. Nice beginning of the week). Don't forget about todays news on USD (FOMC). I decided to stay outside.
well done keep it up
  • #136,150
  • Jul 29, 2015 6:44am Jul 29, 2015 6:44am
Quoting antisystem
What about EURGBP? 2 day PB is forming & ready to work, isn't it? Plus bounce on weekly chart from weekly s/r. Found this kind of PA setup in early Mike's posts about 8 years ago)
can you post chart? it doesnt look like valid PB on my data feed.
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  • #136,151
  • Jul 29, 2015 6:46am Jul 29, 2015 6:46am
is anyone watching G/U? good location to look for PA ,IMHO
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  • #136,152
  • Jul 29, 2015 7:16am Jul 29, 2015 7:16am
Quoting ziven78
{quote} can you post chart? it doesnt look like valid PB on my data feed. {image}
Unfortunatelly now I don't have access to my computer, but your chart is similar.
If you combine two previous daily bars (27.07 & 28.07) in one, considering only open of 27.07 bar and close of 28.07 bar, you'll see 2day bearish pinbar.I'm in trade)
Pls correct, if I'm wrong
  • #136,153
  • Jul 29, 2015 7:21am Jul 29, 2015 7:21am
Quoting ziven78
{quote} can you post chart? it doesnt look like valid PB on my data feed. {image}
Here's the 2 day chart:
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  • #136,154
  • Jul 29, 2015 7:24am Jul 29, 2015 7:24am
Quoting incognito517
{quote} Here's the 2 day chart: {image}
nice one but i thought we were speaking about Eur/Gbp.
  • #136,155
  • Jul 29, 2015 7:27am Jul 29, 2015 7:27am
Quoting incognito517
{quote} Here's the 2 day chart: {image}
Thanks, Inco) what platform do you use?
  • #136,156
  • Jul 29, 2015 7:27am Jul 29, 2015 7:27am
Quoting ziven78
{quote} nice one but i thought we were speaking about Eur/Gbp.
Hey Z, that IS EUR/GBP.

@Anti: cTrader
  • #136,157
  • Jul 29, 2015 7:28am Jul 29, 2015 7:28am
Quoting antisystem
{quote} Unfortunatelly now I don't have access to my computer, but your chart is similar. If you combine two previous daily bars (27.07 & 28.07) in one, considering only open of 27.07 bar and close of 28.07 bar, you'll see 2day bearish pinbar.I'm in trade) Pls correct, if I'm wrong
not an expert mate, but i think it should close within previouse candle.
If you take an open of 3 and close of 4: it doesnt close withing candle 2, but maybe it is different on your chart and 1 or 2 looks different.
I hope it make sense.

Mate you're in , my best advice is manage it as a PB trade and youll be fine.
take care
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  • #136,158
  • Jul 29, 2015 7:31am Jul 29, 2015 7:31am
Quoting incognito517
{quote} Hey Z, that IS EUR/GBP. @Anti: cTrader
oh crap, sorry for that i looked up and thought it was G/J, yeah it is PB indeed.
  • #136,159
  • Jul 29, 2015 9:15am Jul 29, 2015 9:15am
Quoting ziven78
is anyone watching G/U? good location to look for PA ,IMHO {image}
yes, this one is nice. see how the g/u went down before the last swing up; gaining strength. this may potentially move higher, imho.
meine augen sind die sterne
  • #136,160
  • Jul 29, 2015 10:36am Jul 29, 2015 10:36am
GBP/JPY nice move, but stopped out at BE before
Copper, short after pin at resistance at 2.4300, stopped out at BE
EUR/USD, 4H pin in Trend, stopp loss hit
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