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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

  • #1,521
  • Dec 16, 2006 10:44pm Dec 16, 2006 10:44pm
very cute kids james

merry xmas all the best to you and your family and everyone here at FF on the holidays!
  • #1,522
  • Dec 17, 2006 12:29am Dec 17, 2006 12:29am
From a fellow texan, Merry Christmas James, Be safe...........


Rsq955
  • #1,523
  • Dec 17, 2006 1:33am Dec 17, 2006 1:33am
I came accross other pictures you posted a while ago at some point. Man, from memory your younger kid has your wifes eyes big time!

Merry xmas mate, and to all others who read this!
Bundy's status today: "Waiting..."
  • #1,524
  • Dec 17, 2006 3:26am Dec 17, 2006 3:26am
Merry Christmas to Everyone, especially to James16 fans - which definitley includes me

May God be with You All!!!

Bluefish
  • #1,525
  • Dec 17, 2006 10:46am Dec 17, 2006 10:46am
To Jim and fine people in this PF:

Merry Christmas and Happy New Year!

Ken
  • #1,526
  • Dec 17, 2006 11:12am Dec 17, 2006 11:12am
I just noticed an IB in the daily NZDUSD chart. Prior to this IB, we have had a DBHLC and a PIN setup and the price didn't move much to the down side. Now, we are very close to the violation of the up trendline, if the price choose to break to the downside.

On the weekly chart, the price has retraced to the 76.4 fibo of a downward movement since Dec. 2005. In addition, we are near the weeky PP at 0.6920 and are getting closer to the EMA(365) on the weekly. Plus, we also got a TBH setup on the weekly. I am not sure if the last weekly bar can be treated as an IB or not.

We could see the price going either ways. However, the scenerio that the price will move to the downside may be more likely.

Ken
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  • #1,527
  • Dec 17, 2006 1:15pm Dec 17, 2006 1:15pm
Quoting goodtiding5
I just noticed an IB in the daily NZDUSD chart. Prior to this IB, we have had a DBHLC and a PIN setup and the price didn't move much to the down side. Now, we are very close to the violation of the up trendline, if the price choose to break to the downside.

On the weekly chart, the price has retraced to the 76.4 fibo of a downward movement since Dec. 2005. In addition, we are near the weeky PP at 0.6920 and are getting closer to the EMA(365) on the weekly. Plus, we also got a TBH setup on the weekly. I am not sure if the last weekly bar can be treated as an IB or not.

We could see the price going either ways. However, the scenerio that the price will move to the downside may be more likely.

Ken
just some comments Ken, The DBHLC you show is not a true one. You want the close to be lower then the low of that previous bar. Also its important to note where this bars occur, that have the best shot. The first pin bar was the best bar in where it was situated in my opinion as seen on my chart. We do have an IB now so let's see this thing could break either way being it has been in a strong uptrend, but its also at strong resistance now so a downside break is also very probable.


mike
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  • #1,528
  • Dec 17, 2006 1:23pm Dec 17, 2006 1:23pm
Hey everyone,

Check out this interesting formation on the AUDJPY Daily chart.
3 almost identical bars in a row. It's a Trible Bar High with higher lows in each bar.
This pair has been uptrending since late May.
Any thoughts?

Oh, and BTW: Merry X-mas and Happy Holidays to all! All the best!
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  • #1,529
  • Dec 17, 2006 1:27pm Dec 17, 2006 1:27pm
Quoting moneybags
Hey everyone,

Check out this interesting formation on the AUDJPY Daily chart.
3 almost identical bars in a row. It's a Trible Bar High with higher lows in each bar.
This pair has been uptrending since late May.
Any thoughts?

Oh, and BTW: Merry X-mas and Happy Holidays to all! All the best!
hey moneybags, this is actually one of the few daily setups im keeping my eye on this week. For right now this means were going short until this triple top is broken. I will be looking for a short play on the lower time frames, and if that doesnt work wait for a break high for a long.


Mike
  • #1,530
  • Dec 17, 2006 6:30pm Dec 17, 2006 6:30pm
I have read the thread must of missed something. On the chart of this post what makes that an IB (inside bar correct?) Isn't it the last bar?
Quoting goodtiding5
I just noticed an IB in the daily NZDUSD chart. Prior to this IB, we have had a DBHLC and a PIN setup and the price didn't move much to the down side. Now, we are very close to the violation of the up trendline, if the price choose to break to the downside.

On the weekly chart, the price has retraced to the 76.4 fibo of a downward movement since Dec. 2005. In addition, we are near the weeky PP at 0.6920 and are getting closer to the EMA(365) on the weekly. Plus, we also got a TBH setup on the weekly. I am not sure if the last weekly bar can be treated as an IB or not.

We could see the price going either ways. However, the scenerio that the price will move to the downside may be more likely.

Ken
  • #1,531
  • Dec 17, 2006 6:44pm Dec 17, 2006 6:44pm
Quoting Gateway
I have read the thread must of missed something. On the chart of this post what makes that an IB (inside bar correct?) Isn't it the last bar?
yes inside bar is the last bar on that chart. It is when the high and low are within the high and low of the previous bar.
  • #1,532
  • Dec 17, 2006 6:49pm Dec 17, 2006 6:49pm
Quoting mbqb11
yes inside bar is the last bar on that chart. It is when the high and low are within the high and low of the previous bar.
Thank You
  • #1,533
  • Dec 17, 2006 6:51pm Dec 17, 2006 6:51pm
Divergence has been brought to my attention lately. Picking up a few details about it. Do you all use it with your price action?
  • #1,534
  • Dec 17, 2006 7:01pm Dec 17, 2006 7:01pm
hi goodtiding,

just from my view & just price action (not applying fibo)...

im afraid the momentum from DBLHC & Pinbar Setup not finishing yet & price still have upside bias. just my 2 cent.

regards,
candlepower
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  • #1,535
  • Dec 17, 2006 10:31pm Dec 17, 2006 10:31pm
Quoting CandlePower
hi goodtiding,

just from my view & just price action (not applying fibo)...

im afraid the momentum from DBLHC & Pinbar Setup not finishing yet & price still have upside bias. just my 2 cent.

regards,
candlepower
Hi Candlepower,

Thanks for the input. I have to agree with you on your DBLHC and PINBAR there. I am going to watch this one and ready to pull the trigger. It could go either ways.

Notice also the wedge formation on the prices lately. We may have a strong breakout soon.

Ken
  • #1,536
  • Dec 17, 2006 11:17pm Dec 17, 2006 11:17pm
I just want to share with people that James16 PA stuff workes wonders. It makes you understand why not just how.

Here is another one: On the weekly GBPCHF, we have a TBH forming, with the highs being the weekly resistance. Since Feb. 2004, this is the 4th attempt on the weekly to break that resistance. We will see if we can break it this time around :-)

Ken
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  • #1,537
  • Dec 17, 2006 11:33pm Dec 17, 2006 11:33pm
I just spotted a PIN on the GDP/USD weekly chart Looks promising will give it a go and see how it pans out.
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  • #1,538
  • Dec 18, 2006 12:09am Dec 18, 2006 12:09am
Quoting ademac
I just spotted a PIN on the GDP/USD weekly chart Looks promising will give it a go and see how it pans out.
ademac,

this is not a pin bar in the proper location. We want pin bars at extreme highs and lows, with the nose protruding far away from the previous bars. That one u show would be a pin bar if it was all the way at the top of this trend. Here is a pinbar in the right place.

Mike

please note this is on a 15 min chart and you should trade the weekly daily charts before attempting it at the smaller time frames. I am just showing a pin bar in the right spot
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  • #1,539
  • Dec 18, 2006 12:32am Dec 18, 2006 12:32am
Quoting mbqb11
just some comments Ken, The DBHLC you show is not a true one. You want the close to be lower then the low of that previous bar. Also its important to note where this bars occur, that have the best shot. The first pin bar was the best bar in where it was situated in my opinion as seen on my chart. We do have an IB now so let's see this thing could break either way being it has been in a strong uptrend, but its also at strong resistance now so a downside break is also very probable.
mike
I'm going to go with a short. That DBHLC could also be a BeOB. Price has retraced to the 61% of that setup. Also, the weekly has got 2 consecutive pin bars.
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Keeping it Simple
  • #1,540
  • Dec 18, 2006 2:07am Dec 18, 2006 2:07am
Hi, is this a good pin bar?
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