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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

  • #140,001
  • Dec 20, 2016 3:16am Dec 20, 2016 3:16am
Quoting hendzwoter
{quote} You make my head explode.
Lol sorry , which part do you not understand? I'll try to explain better !
  • #140,002
  • Dec 20, 2016 5:44am Dec 20, 2016 5:44am
Easy monthly pinbar trade works perfect _!_
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  • #140,003
  • Dec 20, 2016 5:46am Dec 20, 2016 5:46am
Example H4 BUOB trade formed with MACD divergence and triangle break.
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  • #140,004
  • Dec 20, 2016 12:00pm Dec 20, 2016 12:00pm
here was one I posted yesterday

https://twitter.com/mbqb11/status/810950103242522629

No shock where we bounced
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  • #140,005
  • Dec 20, 2016 12:22pm Dec 20, 2016 12:22pm
Quoting mbqb11
here was one I posted yesterday https://twitter.com/mbqb11/status/810950103242522629 No shock where we bounced {image}

If that pin closes where it is , does that class as a pre emptive breakout bar? Or would it be best if it was a really large buob which closed way near the top of the squeeze pattern?

Just curious , been studying the breakouts of divergences and it seems the best signal for a breakout would be a big outside bar just closing 'at' the top or bottom of a squeeze
  • #140,006
  • Dec 20, 2016 1:56pm Dec 20, 2016 1:56pm
Quoting Ir1sh
{quote} If that pin closes where it is , does that class as a pre emptive breakout bar? Or would it be best if it was a really large buob which closed way near the top of the squeeze pattern? Just curious , been studying the breakouts of divergences and it seems the best signal for a breakout would be a big outside bar just closing 'at' the top or bottom of a squeeze

Ir1sh pre emptive breakout bar can only be outside bars or multiple bars that have the same high or low. IMO in silver i think Mike looks for another touch of upper trendline( number 1 in my pic). Also if you want, can play the pinbar that's formed now but i wouldn't play the FTA is too close. I draw in my picture what i want the price to do.
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  • #140,007
  • Dec 20, 2016 2:00pm Dec 20, 2016 2:00pm
Quoting florinellz
{quote} Ir1sh pre emptive breakout bar can only be outside bars or multiple bars that have the same high or low. IMO in silver i think Mike looks for another touch of upper trendline( number 1 in my pic). Also if you want, can play the pinbar that's formed now but i wouldn't play the FTA is too close. I draw in my picture what i want the price to do. {image}

Ah ok that makes sense , thanks bud !
  • #140,008
  • Dec 20, 2016 5:43pm Dec 20, 2016 5:43pm
Not sure about this. If this works I hope can make the rule for myself to repeat it. If it doesn't, lol it's just demo account.
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RIP RTM
  • #140,009
  • Dec 20, 2016 5:53pm Dec 20, 2016 5:53pm
Quoting Ir1sh
Placing an equity trade on ANW: BEOB at swing high with divergence on MACD, entry on retrace (watching out for the FTA, and target shown in pic). {image}
I have a sell limit at 10.50, hope it gets hit! The pic attached is from last Thursday , the weekly bar actually closed below the minor support at 10.50
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  • #140,010
  • Dec 20, 2016 8:23pm Dec 20, 2016 8:23pm
USD/JPY H4 BEOB/IB. Entry 4 bars back, from BRN of course. Previous event area (PB). Starting to move.

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'Fail to plan, plan to fail'
  • #140,011
  • Dec 20, 2016 9:47pm Dec 20, 2016 9:47pm
NZDUSD weekly pivot zone, Daily PinBar there...
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  • #140,012
  • Dec 20, 2016 10:21pm Dec 20, 2016 10:21pm
AUD/NZD D1 BUOB. In on a retrace. These are usually good for a few pips. All the best with that trade Sumit.
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'Fail to plan, plan to fail'
  • #140,013
  • Dec 20, 2016 10:38pm Dec 20, 2016 10:38pm
Thanks Guitarbloke, though not in this trade as of now... waiting for retrace till 0.6910 to buy......
Still lot to learn from this forum
  • #140,014
  • Dec 20, 2016 11:51pm Dec 20, 2016 11:51pm
I don't know being newbie is **##*.
Can you help me about PPZ
Is it like this?
PPZ=S/R+LRN
Or not?
Then, is PPZ matter? How about we just use S/R only?
Is PPZ can be great for set limit order? Cause I think it is always almost work. At least 95%.
What about Round Numbers? Cause sometimes it need RN to make it work.
Please look into attachment file.
 
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RIP RTM
  • #140,015
  • Dec 21, 2016 1:09am Dec 21, 2016 1:09am
This always happens.
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RIP RTM
  • #140,016
  • Dec 21, 2016 4:03am Dec 21, 2016 4:03am
Quoting Sumit
Thanks Guitarbloke, though not in this trade as of now... waiting for retrace till 0.6910 to buy...... Still lot to learn from this forum
Got the entry as intended @ 0.6910, SL @ 0.6870....
  • #140,017
  • Edited 6:05am Dec 21, 2016 5:55am | Edited 6:05am
Hey Mike,
Thank you for your webinar yesterday! I`m looking at US OIL M15, open gaps, TL, MACD divergence...Can I have your opinion please?
Thank you very much!
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  • #140,018
  • Dec 21, 2016 11:03am Dec 21, 2016 11:03am
Quoting hendzwoter
I don't know being newbie is **##*. Can you help me about PPZ Is it like this? PPZ=S/R+LRN Or not? Then, is PPZ matter? How about we just use S/R only? Is PPZ can be great for set limit order? Cause I think it is always almost work. At least 95%. What about Round Numbers? Cause sometimes it need RN to make it work. Please look into attachment file. Â {image} {image}
A Price Pivot Zone (PPZ) is simply a S/R flip zone + nothing. It’s just a zone where a flip from Support to Resistance or vice versa has occured. Keep in mind also that they are zones and not specific price points. How you should trade them precisely, I think is a personal matter, but Jim encouraged traders and beginners especially to trade with ‘confirmation’ PA signals and to avoid taking blind trades.
Here’s one from today:
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  • #140,019
  • Dec 21, 2016 11:09am Dec 21, 2016 11:09am
Quoting iKalQL8
{quote} A Price Pivot Zone (PPZ) is simply a S/R flip zone + nothing. Its just a zone where a flip from Support to Resistance or vice versa has occured. Keep in mind also that they are zones and not specific price points. How you should trade them precisely, I think is a personal matter, but Jim encouraged traders and beginners especially to trade with confirmation PA signals and to avoid taking blind trades. Heres one from today: {image}
Thanks, I calculate.
RIP RTM
  • #140,020
  • Dec 21, 2016 3:13pm Dec 21, 2016 3:13pm
USD/CAD H4 8hr BEOB. Retrace to BRN 1.34000. See how she goes.

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'Fail to plan, plan to fail'
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