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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

  • #137,241
  • Oct 9, 2015 7:15am Oct 9, 2015 7:15am
Mike and LamerTrader , both of you thanks for the information.

Quoting mbqb11
{quote} Hey Xero One of the best things to do early on is look for bigger bars they will give you ...
Quoting LamerTrader
{quote} 1) Structure: - The 92.15-30 area was tested now almost 3 times. The 92.15 in particular at least 2 times. Personally I wouldn't want to sell a resistance that got tested 3 times already. - Take a look ...
  • #137,242
  • Oct 9, 2015 7:18am Oct 9, 2015 7:18am
Quoting Poinson
{quote} Hi Zam, there is a pin forming there right now
not for me. Either way i BE before major news comes out.
  • #137,243
  • Oct 9, 2015 7:19am Oct 9, 2015 7:19am
Quoting zamfir
Waiting for CAD Data, BE for now. {image}
zamfir that Be Engulfing of yours didn't touch that 1.31500 line,but you still took that. Was the setup good enough for you?

Btw, thanks for your posting stuff.
  • #137,244
  • Oct 9, 2015 7:20am Oct 9, 2015 7:20am
Quoting Bill618
{quote} How can my chart be so different to yours where the beob was?? {image}
Its different for every broker.

but if you look carefully , there is a clear down TL and if you combine both bars (8h) it is a BEOB @ 3150 area. Now this is possible only if you plan your location in advance instead of waiting for every PA bar to form.

Once you have planned you trade location , try to make sense of surrounding PA like traffic/noise, combining PA bars, analying BRNs/gaps/trend bars, FTA PPZs and so on..
  • #137,245
  • Oct 9, 2015 7:25am Oct 9, 2015 7:25am
Quoting xerogame
{quote} zamfir that Be Engulfing of yours didn't touch that 1.31500 line,but you still took that. Was the setup good enough for you? Btw, thanks for your posting stuff.
Yes, coz we were in clear downtrend. So sometimes PA bars won't touch your planned PPZ exactly. Sometimes they breach , sometimes they touch to the pip and sometimes they gap. you need to see if another line(TL,PPZ) is also coming into play. PA sometimes reacts strong on both PPZs or TLs at your planned area, but we only see PPZs and ignore.
  • #137,246
  • Oct 9, 2015 7:37am Oct 9, 2015 7:37am
Quoting zamfir
{quote} Its different for every broker. but if you look carefully , there is a clear down TL and if you combine both bars (8h) it is a BEOB @ 3150 area. Now this is possible only if you plan your location in advance instead of waiting for every PA bar to form. Once you have planned you trade location , try to make sense of surrounding PA like traffic/noise, combining PA bars, analying BRNs/gaps/trend bars, FTA PPZs and so on..
Thanks for the info
  • #137,247
  • Oct 9, 2015 7:55am Oct 9, 2015 7:55am
Quoting xerogame
Mike and LamerTrader , both of you thanks for the information. {quote} {quote}
No problem :-)
The best thing you can do is create a folder named "Pinbar setups" and put everything in it. After you have 100 pictures try to look for patterns.
(e.g. why did it fail, why did the other work etc.)
It's all psychology...
  • #137,248
  • Oct 9, 2015 12:15pm Oct 9, 2015 12:15pm
Hi All !!! I*m new here, but not new in trading. Thanks for your help in study of PA. Have a question about PB on GC chart - why it fialed? what*s wrong with it ? I think, maybe it is tiny bar compared to previus bulish bars ( rally ) or, maybe shadow not enoug sticking out......
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  • #137,249
  • Oct 9, 2015 1:19pm Oct 9, 2015 1:19pm
Quoting Alex2877
Hi All !!! I*m new here, but not new in trading. Thanks for your help in study of PA. Have a question about PB on GC chart - why it fialed? what*s wrong with it ? I think, maybe it is tiny bar compared to previus bulish bars ( rally ) or, maybe shadow not enoug sticking out...... {image}
1. It's not a Pin Bar
and
2. it's not at a swing high.
Hope that helps.

Click on Jims' name then click on his charts to see better shaped/placed Pins
every Saint has a past. Every Sinner has a Future
  • #137,250
  • Oct 9, 2015 1:54pm Oct 9, 2015 1:54pm
Quoting Bill618
{quote} Thanks Mike. I had a feeling IB's were trickier than others and now i understand a better way to look at them before trading. The substantial support and also decent resistance on that chart, is that what is referred to on this forum as "noise" or "congestion".... or is that something else altogether?? Bill
Hers is an example that occured on the EURCAD 30 min chart, using the resistance from the 4hr chart which I posted here http://www.forexfactory.com/showthre...11#post8529311

This is the 30 min chart, showing two Inside Bars then an Outside Bar, which would have been very profitable.

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The 4HR chart showing the resistance area.

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  • #137,251
  • Oct 9, 2015 3:01pm Oct 9, 2015 3:01pm
Gbpaud daily

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  • #137,252
  • Oct 9, 2015 3:21pm Oct 9, 2015 3:21pm
Quoting Alex2877
Hi All !!! I*m new here, but not new in trading. Thanks for your help in study of PA. Have a question about PB on GC chart - why it fialed? what*s wrong with it ? I think, maybe it is tiny bar compared to previus bulish bars ( rally ) or, maybe shadow not enoug sticking out......
It was a bad PB in poor location, but it did its job. Price went to the first trouble area and reversed. Not all trades go to the moon.
1.02^200
  • #137,253
  • Oct 9, 2015 4:06pm Oct 9, 2015 4:06pm
Quoting alphac
{quote} Hers is an example that occured on the EURCAD 30 min chart, using the resistance from the 4hr chart which I posted here http://www.forexfactory.com/showthre...11#post8529311 This is the 30 min chart, showing two Inside Bars then an Outside Bar, which would have been very profitable. {image} The 4HR chart showing the resistance area. {image}
I'm only 2 months into my FX journey so i would never consider doing trades based on 30 min charts or lower, that's for the more experienced traders like you alphac.

With EURCAD on my 4h chart it's definitely in a sideways channel bouncing erratically between two BRN's (especially the bottom one 1.46000) and even the 365 EMA is playing its part. Perhaps there will be a solid upward breakout next week from the double IB's and the space.... if my analysis is something close to accurate!?

This chart doesn't excite me much though, certainly not an A or A+.

I very much appreciate the input and education alphac and everyone is providing on this thread
Have a great weekend all.
Bill
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  • #137,254
  • Oct 9, 2015 4:17pm Oct 9, 2015 4:17pm
Today few of my trades finally reached TP. I marked entrance with red line & TP with green one.

EURUSD daily
2 day BUPB
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USDCHF daily
DBHLC. Two positions: on break & 50% retrace
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USDCAD weekly
BEOB. As Zamfir says, "almost there" ))) Moved to BE
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Have a nice weekend!!!
  • #137,255
  • Oct 9, 2015 4:46pm Oct 9, 2015 4:46pm
it wasn't a pin bar but then life not perfect ,lots aiming for the top before the bottom broke ,a long wick like that equals power to bears
it marks a firm top to this trend ,tl will be history

Quoting Bones
thats a 900 pip wick gotta be up for discussion {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #137,256
  • Oct 9, 2015 4:48pm Oct 9, 2015 4:48pm
after this a trend devlops nzd d1 up ,bears control the chart now
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #137,257
  • Oct 9, 2015 4:56pm Oct 9, 2015 4:56pm
uptrend developed off support

Quoting Bones
regarding equaties I suspect more side based on ,failure to confirm tl /pivot d1 ,monthly has left chart in limbo ,more than likely for me it would retrace higher medium term ,id be super surprised to see the low again this month with just over 1 week to go {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #137,258
  • Oct 12, 2015 2:32am Oct 12, 2015 2:32am
Hi There, i am stil in my early stage of forex. Read alot about james16 and this tread, going trough this tread the comming weeks, its a long read . Is the 'private' paid group/course of james16 still available and active? What course/mentor do you guys recommend trading PA of daily?
  • #137,259
  • Edited 3:30am Oct 12, 2015 3:05am | Edited 3:30am
AUD/JPY D1 buovb.

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EUR/AUD H4 IB Breakout. Aggressive entry.

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'Fail to plan, plan to fail'
  • #137,260
  • Oct 12, 2015 3:48am Oct 12, 2015 3:48am
Quoting riekus
Hi There, i am stil in my early stage of forex. Read alot about james16 and this tread, going trough this tread the comming weeks, its a long read . Is the 'private' paid group/course of james16 still available and active? What course/mentor do you guys recommend trading PA of daily?
Welcome, concentrate on reading just James' posts on the thread as lots of non J16 setups get posted by members, there's plenty of free information on here and at the James16 website to give you a good understanding. I think the James16 website is going through an overhaul, Mike is the guy to fill you in on the details.
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