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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

  • #140,401
  • Mar 17, 2017 11:56am Mar 17, 2017 11:56am
Quoting srt
{quote} I don't think an adjacent candle disqualifies a candle from being a pinbar. Pinbar is just the shape of a bar regardless of where it occurs. As long as: (1) the shadaw is much larger than the body of the candle,(2) body is towards one end,(3) body is small. Alex's chart looks like a pinbar to me. ***Look @ pinbar drawing below with pinbar being higher than previous bar. This was copy & paste from website. {image} {image}

Hi SRT hope you don't mind but i want to contradict you. In picture 1 that is not a pinbar that is a BUOB. In second picture yes that's a pinbar.
This was copy & paste from website. what website?
  • #140,402
  • Edited 12:45pm Mar 17, 2017 12:27pm | Edited 12:45pm
Quoting florinellz
{quote} Hi SRT hope you don't mind but i want to contradict you. In picture 1 that is not a pinbar that is a BUOB. In second picture yes that's a pinbar. This was copy & paste from website. what website?
A pinbar doesn't matter what the previous bar was so can be located anywhere so both pictures are pinbars.
The 1st picture can be a BUOB & a pinbar.

Review the types of bars here (http://www.onlinetradingconcepts.com...Engulfing.html)
***Look at "hammer" & "hanging man" for pinpars.
***Look at "bullish engulfing" for BUOB.

***No right or wrong with interpretations since these are just terms generally used but no well defined rules.
  • #140,403
  • Mar 17, 2017 12:44pm Mar 17, 2017 12:44pm
There is a time when I dont know what is touch trade. And found two bars combination. The last bar just like pinbar and the body was inside the bar before it. The high (bullish) of the 2nd bar had below 2 pips difference compare to the 1st bar. The high of second bar is higher then the higher of the 1st bar and the second bar had the close is above the body of the first bar.

Is that pinbar, outside bar or matching top?
I dont know. But this makes me realize that touch trade is basic of that combination bar method.

I hope Im true. I am not premium member thou.
RIP RTM
  • #140,404
  • Mar 17, 2017 2:03pm Mar 17, 2017 2:03pm
Quoting srt
{quote} A pinbar doesn't matter what the previous bar was so can be located anywhere so both pictures are pinbars. The 1st picture can be a BUOB & a pinbar. Review the types of bars here (http://www.onlinetradingconcepts.com...Engulfing.html) ***Look at "hammer" & "hanging man" for pinpars. ***Look at "bullish engulfing" for BUOB. ***No right or wrong with interpretations since these are just terms generally used but no well defined rules.

SRT i will still tell that is a BOUB and the pinbar at 2nd picture. Let's say you are right and in pic1 is a pinbar; then how you decide which is a BOUB. My interpretation is this:
1. pinbar : longer nose, open close in previous bar and depends where the pinbar is formed the low or high in previous bar like the open close.
2. BUOB: has a higher high than previous bar and a lower low than previous bar.
This is how i see the difference between pinbar and BUOB. Maybe i'm wrong but this is how i think.

P.S. let's say that i find a an area where i want to take a trade and the price formed something like in pic1( BUOB -me BOUB/ Pinbar-you) i will take the trade.
sorry for my english hope you understand what i want to say.
  • #140,406
  • Mar 18, 2017 4:43am Mar 18, 2017 4:43am
Quoting aserbfx
{quote} @darthepic this pinbar is quite small compared to the bars previous to the pb. it would be better if this bar would have a longer drop down. best to cross the Support line and therefore to take out stopps.
Thanks for you analysis. The pin failed so you got this one right.
  • #140,407
  • Mar 18, 2017 10:19am Mar 18, 2017 10:19am
Hi guys, can we get some profits till next BRN or it may go further?...
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profitable trading does not mean trading everyday
  • #140,408
  • Mar 19, 2017 8:29am Mar 19, 2017 8:29am
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  • #140,409
  • Mar 19, 2017 1:51pm Mar 19, 2017 1:51pm
GBP is set to complete a correction pattern this week!!
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InFxTrading
  • #140,410
  • Mar 19, 2017 2:47pm Mar 19, 2017 2:47pm
Quoting richadi36
Hi guys, can we get some profits till next BRN or it may go further?...{image}
richadi be careful NZD/USD is in a box. In every box the middle is a PPZ
BRN= big round number; in NZD/USD are 0.7; 0.75; 0,8 and so on


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  • #140,411
  • Mar 20, 2017 5:19am Mar 20, 2017 5:19am
nice BUOVB USDCAD 1hr
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  • #140,412
  • Mar 20, 2017 9:30am Mar 20, 2017 9:30am
NZD/USD H4
What do you think about this pin bar
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  • #140,413
  • Mar 20, 2017 12:22pm Mar 20, 2017 12:22pm
Quoting Alex80
NZD/USD H4 What do you think about this pin bar {image}
I like the shape of the bar but i would like to see that pinbar at blue area at my picture

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  • #140,414
  • Mar 20, 2017 2:51pm Mar 20, 2017 2:51pm
DAX30 4H rising wedge

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  • #140,415
  • Mar 20, 2017 4:13pm Mar 20, 2017 4:13pm
Quoting InFxTrading
GBP is set to complete a correction pattern this week!! {image}
nice reversal in five waves from 1.2436. Could indicate pattern already completed.
InFxTrading
  • #140,416
  • Mar 20, 2017 5:21pm Mar 20, 2017 5:21pm
Returned from dinner and checked my USDCAD trade, this.

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  • #140,417
  • Mar 20, 2017 5:42pm Mar 20, 2017 5:42pm
Cocoa Futures Weekly chart. Watching for a close above this area or retrace and bounce.

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  • #140,418
  • Mar 21, 2017 3:37am Mar 21, 2017 3:37am
Quoting cbo
{image}
I like the way you think
  • #140,419
  • Mar 21, 2017 3:41am Mar 21, 2017 3:41am
Quoting alphac
Returned from dinner and checked my USDCAD trade, this. {image}
Bummer!
  • #140,420
  • Mar 21, 2017 4:27am Mar 21, 2017 4:27am
Quoting iKalQL8
{quote} I like the way you think
also love it when a plan comes together
it`s rare though
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