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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

  • #136,721
  • Aug 28, 2015 5:34pm Aug 28, 2015 5:34pm
Quoting Bones
thats a 900 pip wick gotta be up for discussion {image}
This where you hang out now Bones?........
  • #136,722
  • Aug 29, 2015 12:17am Aug 29, 2015 12:17am
Quoting Bones
thats a 900 pip wick gotta be up for discussion {image}
This looks juicy too.

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  • #136,723
  • Aug 29, 2015 5:54am Aug 29, 2015 5:54am
Long time J ,well I am a Private forum J16 lifer
I have a few favourite threads ,really wanted chat about this eur aud ,its a huge W1 pin bar as others commodity
just thing about it verses support as to what next
Hope your well

Quoting AmeriTrini
{quote} This where you hang out now Bones?........
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,724
  • Aug 29, 2015 6:50am Aug 29, 2015 6:50am
I like to pop up a time frame ,I do think thats a bearish weekly that requires development possibly
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,725
  • Aug 29, 2015 7:06am Aug 29, 2015 7:06am
Very nice situations on the weekly charts. I use new york close charts and besides EUR/CAD none of them have a close within previous bar. Is it safe to play these?
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Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,726
  • Aug 29, 2015 8:09am Aug 29, 2015 8:09am
Hello Bones! Can you please tell me why do we have different charts? I have this gap that i can not see on your chart. Regarding this setup, don't you think that 1.55000 BRN will react as support (also the gap if it's a legitimate one, not an error from the provider). Thanks a lot! Have a nice weekend.
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  • #136,727
  • Aug 29, 2015 8:17am Aug 29, 2015 8:17am
EURAUD WEEKLY, S&R area at 1.60, also one to be aware of just below close of weekly.

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  • #136,728
  • Edited 9:12am Aug 29, 2015 8:47am | Edited 9:12am
Hi ,I think your broker could have opened later that's all

Quoting minijup9615
Hello Bones! Can you please tell me why do we have different charts? I have this gap that i can not see on your chart. Regarding this setup, don't you think that 1.55000 BRN will react as support (also the gap if it's a legitimate one, not an error from the provider). Thanks a lot! Have a nice weekend. {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,729
  • Aug 29, 2015 11:29am Aug 29, 2015 11:29am
Quoting Bones
I like to pop up a time frame ,I do think thats a bearish weekly that requires development possibly {image}
I only concentrate on four major pairs, they are good enough for me. I will be posting setups starting Monday, on my thread.
  • #136,730
  • Aug 29, 2015 4:02pm Aug 29, 2015 4:02pm
Quoting Bones
thats a 900 pip wick gotta be up for discussion {image}
I'll bite Bones.I've got a green close on my feed so I'll call it a bottom rounding pattern and look for a retrace.Likewise the Eur/Nzd.Love to hear another opinion.Al No harm in a sell stop I guess.
  • #136,731
  • Aug 30, 2015 3:35am Aug 30, 2015 3:35am
Quoting zamfir
Setups for the week Aug 24 - 28. Note : Due to high volatility on monday , there were some IBs and setups which were not suitable to take. Hence very few setups. Total Net pips = 340. Total Pips in August = 2400(approx). {file}
Thanks Zamfir, I was waiting for your weekly setup analysis hope you had a good and profitable week.
Market can stay irrational longer than you can stay solvent.
  • #136,732
  • Aug 30, 2015 10:02am Aug 30, 2015 10:02am
lol ,well its the pin bar thread ,looks like amazing set ups to me ,I don't care for much for immediate up trend lines here

Quoting mallee
{quote} I'll bite Bones.I've got a green close on my feed so I'll call it a bottom rounding pattern and look for a retrace.Likewise the Eur/Nzd.Love to hear another opinion.Al No harm in a sell stop I guess.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,733
  • Aug 30, 2015 11:02am Aug 30, 2015 11:02am
Quoting zamfir
Setups for the week Aug 24 - 28. Note : Due to high volatility on monday , there were some IBs and setups which were not suitable to take. Hence very few setups. Total Net pips = 340. Total Pips in August = 2400(approx). {file}
great setups this month thanks for your input, keeping the iron sharp
  • #136,734
  • Aug 30, 2015 3:17pm Aug 30, 2015 3:17pm
GBPUSD WEEKLY Outside Bar, heading for 1.5? 1.5 and 1.6 have been well respected S & R areas.

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  • #136,735
  • Aug 30, 2015 3:38pm Aug 30, 2015 3:38pm
EURGBP DAILY. If you have trouble finding S & R areas or wonder why price seems to turn for no reason, try zooming right out of the chart, it will make identifying S & R areas a lot easier, you will see Mikes' boxes a lot clearer and also help find those flip areas which may not have been visited for a while but can still affect price. Once you have these areas marked then you can just wait for price to reach them, set up an alert, there's no need to keep watching the chart, make your life easy.

Some areas that immediately stand out.

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  • #136,736
  • Aug 30, 2015 3:55pm Aug 30, 2015 3:55pm
Outside Bar fail, often people wonder why their outside or inside bar, pinbar setups fail, they've not made the 1:1 or 2:1 RR they expected off of a perfectly good setup. Most of the time the setups haven't 'failed', as Jim would say 'price has gone exactly where you'd expect it to go'. It's the trade management that is often the failure of the trade.

An outside bar setup off of a previous S & R flip, there is no reason why you shouldn't come out of this trade without a profit or BE at worst. Price went where you'd expect, previous highs and previous lows. Your trade plan has to include these.

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  • #136,737
  • Aug 30, 2015 5:18pm Aug 30, 2015 5:18pm
What about this gbp usd weekly trade?
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  • #136,738
  • Aug 30, 2015 5:58pm Aug 30, 2015 5:58pm
Quoting Kershey
{quote} I'm not the only one, who posts regular in this thread and took this trade.
Kershey. The guy's are right. The set-up I took along with you on Oil was way off. The H4 bearish bar hadn't closed in it's lower 3rd (thumbs down symbol in chart), and the H4 TL that Bones drew showing the breakout north should've been something I looked at. A poor analysis on my part, and I paid the price. Having said that, picking up a few pips on it's way down, but my bias is now bullish. Have a great trading week everyone and unlike me, don't try to shag everything that moves.

OIL H4 entry on lower TF PA.

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'Fail to plan, plan to fail'
  • #136,739
  • Edited 6:46pm Aug 30, 2015 6:01pm | Edited 6:46pm
Quoting analysttrade
What about this gbp usd weekly trade? {image}
But how would you trade it?
Last week was a large bearish engulfing which had a wider range than all previous weekly bars so BEARISH.
The problem is it just bounced up @ the most recent fractal so do you want to short & "hope" the support breaks dropping it to the next level? If you short right here, where do you place the SL?

I think there's a few options:
1-Sell stop below the low of last week's bar with TP near next support.
2-Short if price retraces to the low of the bar from 2 weeks ago which is approx. 50% of last week's bar. Wait for bearish PA bar.
3-Long with bullish PA near last week's low with SL just below last week's bar.
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  • #136,740
  • Aug 30, 2015 8:55pm Aug 30, 2015 8:55pm
Is no one watching the Pin bar on GBPAUD Weekly tf?
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