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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

  • #136,741
  • Aug 30, 2015 9:06pm Aug 30, 2015 9:06pm
Quoting fascist
Is no one watching the Pin bar on GBPAUD Weekly tf?
It is more likely going up with the trend. Not a very strong close like EUR/USD.
  • #136,742
  • Aug 30, 2015 9:20pm Aug 30, 2015 9:20pm
Quoting epilogue
{quote} It is more likely going up with the trend. Not a very strong close like EUR/USD.
What would be a strong close?
  • #136,743
  • Aug 30, 2015 9:31pm Aug 30, 2015 9:31pm
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}
Very nice, zamfir. Looks like it has been a pretty good month for you
  • #136,744
  • Aug 30, 2015 10:21pm Aug 30, 2015 10:21pm
Quoting oble
{quote} Very nice, zamfir. Looks like it has been a pretty good month for you
Well, i could not catch these 2400 pips as i don't get all the pairs to trade. These are just setups from a demo feed.

The objective is to show you a simple strategy with some common sense rules . Take whatever you can from it and apply it your strategy.

Even if i was trading all the pairs , i would still miss out on the some setups due to my timezone. I m looking to change my broker, unfortunately its not that simple for me.
  • #136,745
  • Aug 31, 2015 7:17am Aug 31, 2015 7:17am
He guys,

Anyone who went for this [weekly] Wick-play on EUR/NZD?
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Wickfill BE.jpg Size: 62 KB


I'm also looking to trade the TRY/JPY pinbar on a retrace, so I can keep risk tight:
Attached Image (click to enlarge)
Click to Enlarge Name: TRYJPY Pinbar.jpg Size: 92 KB
It's a sport, an artform and a science.
  • #136,746
  • Edited 8:52am Aug 31, 2015 8:06am | Edited 8:52am
Cad/jpy h4. Beovb.

update: target hit.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4 31815.png Size: 26 KB


USD/CAD H4 IB.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 31815.png Size: 37 KB
'Fail to plan, plan to fail'
  • #136,747
  • Aug 31, 2015 8:45am Aug 31, 2015 8:45am
Quoting Guitarbloke
Cad/jpy h4. Beovb.
Good eye. I'm waiting for it to bounce off 90.81.
1.02^200
  • #136,748
  • Aug 31, 2015 9:18am Aug 31, 2015 9:18am
Quoting d5400
{quote} Good eye. I'm waiting for it to bounce off 90.81.
Quoting myself, how's that for conversation? CADJPY bounced as expected off PPZ. I'm in on touch trade. I think it'll post a PB or BUOB on 1hr. This setup affords me good trade management(i.e. if it closes below PPZ, I'm out). Will see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: 20150831 CADJPY.jpg Size: 81 KB
1.02^200
  • #136,749
  • Aug 31, 2015 10:51am Aug 31, 2015 10:51am
All the best with it D45.

OIL H4.

Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH4 1915.png Size: 28 KB
'Fail to plan, plan to fail'
  • #136,750
  • Aug 31, 2015 11:00am Aug 31, 2015 11:00am
its a 1300 pip wick ,I can't say it wont work but


Quoting Donaciello
He guys, Anyone who went for this [weekly] Wick-play on EUR/NZD? {image} I'm also looking to trade the TRY/JPY pinbar on a retrace, so I can keep risk tight: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: CHF (DFB).png Size: 17 KB
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  • #136,751
  • Aug 31, 2015 11:53am Aug 31, 2015 11:53am
Quoting Bones
its a 1300 pip wick ,I can't say it wont work but {quote} {image}
That seems to me like a wick-play that would've worked (BE at least)
Am I missing something on the chart, because I can't really figure out what the lines are for, or the arrow.
It's a sport, an artform and a science.
  • #136,752
  • Aug 31, 2015 12:29pm Aug 31, 2015 12:29pm
Quoting Donaciello
{quote} That seems to me like a wick-play that would've worked (BE at least) Am I missing something on the chart, because I can't really figure out what the lines are for, or the arrow.
That's why he put question mark there. Maybe he don't know either?
1.02^200
  • #136,753
  • Aug 31, 2015 12:40pm Aug 31, 2015 12:40pm
I understand the play pin bar into support ,just seems mighty risky in this case ,
I was just highlighting something unusual like that ,I doubt your high target before stop
the notes were just from the time ,I thought thats big for the chart ,when that went stops weren't even triggered ,

Quoting Donaciello
{quote} That seems to me like a wick-play that would've worked (BE at least) Am I missing something on the chart, because I can't really figure out what the lines are for, or the arrow.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,754
  • Aug 31, 2015 2:29pm Aug 31, 2015 2:29pm
Quoting Bones
I understand the play pin bar into support ,just seems mighty risky in this case , I was just highlighting something unusual like that ,I doubt your high target before stop the notes were just from the time ,I thought thats big for the chart ,when that went stops weren't even triggered , {quote}
It's a special occasion you've highlighted there.
Nothing wrong with that ofcourse, but I think the SNB surprise-intervention is but half it's story.
The 1.2 level on EUR/CHF was packed with stops underneath and it was no real surprise to a PA trader, that there was hardly a market for all those stops.

I too remember the spot you marked with an arrow; as a strange occurance and refrained from trading xxx/CHF w while after it.

Concerning the wick-play, I think the SNB event is not completely correlated with it.

I've moved the stop to better than be, just worse than 1:1 RR.
Here's hoping there's a market for my stop this time around.

donaciello
It's a sport, an artform and a science.
  • #136,755
  • Aug 31, 2015 3:30pm Aug 31, 2015 3:30pm
no you are right there unrelated ,I guess my main point I'm not conveying is the situ is very unusual , mighty large ,risky original open of trade possibly ,but then you could be much lower Tf ,target before stop unlikely ,

of course stops are mostly respected


Quoting Donaciello
{quote} It's a special occasion you've highlighted there. Nothing wrong with that ofcourse, but I think the SNB surprise-intervention is but half it's story. The 1.2 level on EUR/CHF was packed with stops underneath and it was no real surprise to a PA trader, that there was hardly a market for all those stops. I too remember the spot you marked with an arrow; as a strange occurance and refrained from trading xxx/CHF w while after it. Concerning the wick-play, I think the SNB event is not completely correlated with it. I've moved the stop to better...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,756
  • Aug 31, 2015 3:38pm Aug 31, 2015 3:38pm
I know after the event but the one highlighted makes more sense for me for the so called wick play
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #136,757
  • Aug 31, 2015 3:42pm Aug 31, 2015 3:42pm
Quoting Bones
no you are right there unrelated ,I guess my main point I'm not conveying is the situ is very unusual , mighty large ,risky original open of trade possibly ,but then you could be much lower Tf ,target unlikely , of course stops are mostly respected {quote}
I see your point now.
Actually the massive bar-size, the strong/sharp uptrend preceeding it and the location of the close making for a good R:R, were my main considerations for taking this trade.
I looked to see if it gapped open much, but it didn't so I took the trade.
Indeed a bit risky, but considering spread vs. barsize, I figured it was worth it.

I might close it manually somewhere lower than the target, because indeed, the TP seems mighty far away.
For now I think the trade is worth keeping, seeing as E/N travelled 500 pips today.

Thanks for your feedback Bones!
It's a sport, an artform and a science.
  • #136,758
  • Aug 31, 2015 4:29pm Aug 31, 2015 4:29pm
Anyone onto this possible EUR/JPY short setup after a W1 outside bar ?
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-JPY.png Size: 51 KB
  • #136,759
  • Aug 31, 2015 4:51pm Aug 31, 2015 4:51pm
I'm also keeping an eye on GBP/CHF.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-CHF.png Size: 26 KB
  • #136,760
  • Aug 31, 2015 4:52pm Aug 31, 2015 4:52pm
hey D ,stick with your plan ,I don't know what next at this point ,I hope I'm not looking negative ,end of day its worked out great so far ,nzd is wild thats for sure


Quoting Donaciello
{quote} I see your point now. Actually the massive bar-size, the strong/sharp uptrend preceeding it and the location of the close making for a good R:R, were my main considerations for taking this trade. I looked to see if it gapped open much, but it didn't so I took the trade. Indeed a bit risky, but considering spread vs. barsize, I figured it was worth it. I might close it manually somewhere lower than the target, because indeed, the TP seems mighty far away. For now I think the trade is worth keeping, seeing as E/N travelled 500 pips today....
Attached Image (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 16 KB
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