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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

  • #138,681
  • Feb 26, 2016 6:03pm Feb 26, 2016 6:03pm
Quoting CapitalInves
Channel breakout daily trade AUDCAD {image}
Nice.
Now you just need to be able to sell those breaks live and not demo
  • #138,682
  • Feb 26, 2016 6:21pm Feb 26, 2016 6:21pm
Quoting incognito517
{quote} Thanks Mike. It's good that you're here, I have a question for you. I've been watching GBPAUD for a while and I did make some on the initial reaction to BRN 2.0 but long term... we've broken through 2.0 and the TL. How do you see this pair now? {image}
i'm looking at the gbp pairs to start to find support. Some are cleaner. For example gbp/nzd I like the best

I think price is going to want to work back towards 2.0 to retest the gaps. We have to be cautious pulling the trigger but we are starting to show signs of let up on some of them

Best
Mike
  • #138,683
  • Feb 26, 2016 10:25pm Feb 26, 2016 10:25pm
Quoting mbqb11
{quote} Hey TR Yes that is a pinbar. In terms of valid. We technically say a bar needs to break the high for it to be validated. Since the high never broke it's not consider one that is validated But with that said that doesn't mean we want to trade all bars on a break either. In this case here what would keep me away is I don't see any story or context to the bar. Remember the bars are really our trigger points in For example if your chart looked like this, i'd say it's a much stronger play and we can enter at the previous swing. Now it's a crude...
Good explanation Mike. Thank you.
  • #138,684
  • Feb 27, 2016 11:11am Feb 27, 2016 11:11am
TP hit for some pips!
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  • #138,685
  • Feb 27, 2016 11:53am Feb 27, 2016 11:53am
USDCAD broke its weekly trend line , it looks like either the trend line or the resistance at 1.36580 to elect shorts should we get a nice bar
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  • #138,686
  • Feb 27, 2016 3:48pm Feb 27, 2016 3:48pm
Quoting mbqb11
{quote} you don't sound like a newbie to me! That's really great understanding of price! Mike
Hey Mike thanks for your words, but still consider a newbie; i still have a lot to learn; also i have some questions, when you have time maybe you can answer to them

1. in 24.02 all JPY pairs show a pinbar. which one of them was the best in your opinion? from my opinion was SGD/JPY because was at swing low, divergence and a PPZ at 79-79.2, cons was the size of the bar and BRN 80

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2. i saw GBP/AUD makeing a BUOB friday but i think is too small(maybe someone take profit there?) what do you think?

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3. NZD/CAD BEOB the best way to play this would be sell limit around 0.904?

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thanks in advance and sorry for my bad english
  • #138,687
  • Feb 29, 2016 12:08am Feb 29, 2016 12:08am
Intra day ( H4 ) trade , BE for now..
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  • #138,688
  • Feb 29, 2016 1:57am Feb 29, 2016 1:57am
Congratulations to the people who started and continued this thread. You helped a lot of people saved from their forex nightmares.

Cheers
  • #138,689
  • Feb 29, 2016 6:06am Feb 29, 2016 6:06am
Quoting quant-trader
What do you think about this approach: we have momentum (impulse) then slight dicline and then we saw impulse. It's EUR/USD D1 {image}
Position closed (forgot about TP)
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  • #138,690
  • Feb 29, 2016 10:56am Feb 29, 2016 10:56am
Oil update
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  • #138,691
  • Mar 1, 2016 1:46pm Mar 1, 2016 1:46pm
i post a lot of traders here, when i entry
oil 4-trades tp hit
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audusd on be for now
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  • #138,692
  • Mar 1, 2016 4:32pm Mar 1, 2016 4:32pm
Quoting florinellz
{quote} Hey Mike thanks for your words, but still consider a newbie; i still have a lot to learn; also i have some questions, when you have time maybe you can answer to them 1. in 24.02 all JPY pairs show a pinbar. which one of them was the best in your opinion? from my opinion was SGD/JPY because was at swing low, divergence and a PPZ at 79-79.2, cons was the size of the bar and BRN 80 {image} {image} 2. i saw GBP/AUD makeing a BUOB friday but i think is too small(maybe someone take profit there?) what do you think? {image} 3. NZD/CAD BEOB the...
Sorry for the delay Florinellz been so busy :X

As for your questions

1. Yes I agree from a pure buy off the pinbars sgd/jpy looked the best

I played the nzd/jpy pinbar but AFTER the gap. I bought on a retrace to all the bar lows/pinbar top to fill the gap

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As for gbp/aud I also agree, outright I wouldn't play it. Your better off even buying on the new gap close in the direction of the other gap


Best
Mike
  • #138,693
  • Mar 2, 2016 7:00am Mar 2, 2016 7:00am
hi mike,
nice to see your posts around


how valid this Bearish Engulfing Pattern
if valid, what terms should i watch after this candle show up!

thx in-advance ..
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Investing is SIMPLE but NOT EASY
  • #138,694
  • Mar 2, 2016 8:35am Mar 2, 2016 8:35am
EURGBP Short

This is the trade I posted on the PF. I don't always get to trade, but when I do I use the material that James16 and Fudd teach.

K.I.S.S.
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  • #138,695
  • Edited 10:01am Mar 2, 2016 9:33am | Edited 10:01am
Audusd 2 trades tp, now short position open.. (very risky but good risk reward )
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  • #138,696
  • Mar 2, 2016 10:35am Mar 2, 2016 10:35am
Hi guys! Tell me please why I got stop loss on this pair which you can see on screen below! I don't understand what's going on?
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  • #138,697
  • Mar 2, 2016 11:27am Mar 2, 2016 11:27am
Quoting becquerelcss
Hi guys! Tell me please why I got stop loss on this pair which you can see on screen below! I don't understand what's going on? {image}
Hi sir, if you are think my last chart... stop loss was above resistance zone on H4. Because that was H4 trade not daily or weekly like your chart saying
  • #138,698
  • Mar 2, 2016 4:15pm Mar 2, 2016 4:15pm
Quoting becquerelcss
Hi guys! Tell me please why I got stop loss on this pair which you can see on screen below! I don't understand what's going on? {image}
Hi Becquerelcss,
I'm still a newbie but I think in AUD/USD W1 we have a box, so we want to sell a price action that's forming at the top of the box and take profit at midpoint(orange line at my pic) and we want to buy a price action that's forming at the bottom of the box and take profit at midpoint.
sorry for my english
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  • #138,699
  • Mar 2, 2016 7:22pm Mar 2, 2016 7:22pm
Quoting Moly_Cam5
hi mike, nice to see your posts around how valid this Bearish Engulfing Pattern if valid, what terms should i watch after this candle show up! thx in-advance .. {image}
hey Moly

Be careful with those bars at deep swing lows. You really want to trade a beob at a swing high, when you trade a swing low beob it's a continuation and MUCH trickier. Don't get tricked cause you see a strong down trend. You want strong story to support a continuation bar. The best times to play them as continuations in my book is part of a breakout type play. Much easier

Let me know if that makes sense
Mike
  • #138,700
  • Mar 2, 2016 7:49pm Mar 2, 2016 7:49pm
Quoting KissFan
EURGBP Short This is the trade I posted on the PF. I don't always get to trade, but when I do I use the material that James16 and Fudd teach. K.I.S.S. {image} {image} {image}
way to go !
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