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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

  • #10,441
  • Apr 30, 2008 3:39pm Apr 30, 2008 3:39pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
well, to me an A setup is candle formations taught by James16 that fall on a fib# for an entry on retracement I also love pins that occur on swing highs and lows. Aussie pairs seem to respect fibs well.
I have a homegrown system I play on the daily charts, but with Jim's teachings I am indicator free except for two MA lines. I don't even use the macd indi. Simplicity is nice. I'm a simple girl. Unless you count fibs and trendlines as indis. Oh wait, I did put on that smily face indi that woolley gave me earlier but it's not showing up all the time. Still need to figure that out
  • #10,442
  • Apr 30, 2008 3:40pm Apr 30, 2008 3:40pm
yep at the moment ausi is respecting the 61.8 fib level starting to look very tempting now but will scale down to smaller tf for a signal.
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  • #10,443
  • Apr 30, 2008 3:54pm Apr 30, 2008 3:54pm
Quoting Kitara
well, to me an A setup is candle formations taught by James16 that fall on a fib# for an entry on retracement I also love pins that occur on swing highs and lows. Aussie pairs seem to respect fibs well.
I have a homegrown system I play on the daily charts, but with Jim's teachings I am indicator free except for two MA lines. I don't even use the macd indi. Simplicity is nice. I'm a simple girl. Unless you count fibs and trendlines as indis. Oh wait, I did put on that smily face indi that woolley gave me earlier but it's not showing up all the time. Still need to figure that out
cool...so u hve a clean chart ...which MA lines do u use and for which tf??
  • #10,444
  • Apr 30, 2008 4:06pm Apr 30, 2008 4:06pm
Quoting Kitara
well, to me an A setup is candle formations taught by James16 that fall on a fib# for an entry on retracement I also love pins that occur on swing highs and lows. Aussie pairs seem to respect fibs well.
I have a homegrown system I play on the daily charts, but with Jim's teachings I am indicator free except for two MA lines. I don't even use the macd indi. Simplicity is nice. I'm a simple girl. Unless you count fibs and trendlines as indis. Oh wait, I did put on that smily face indi that woolley gave me earlier but it's not showing up all the time. Still need to figure that out
Patience for the A trade. Nice Kit.

I would not call Fibs, Trendlines and PPZ (S/R levels) as indicators because they show where Price may go in the future. Indicators show the past. Longer term MAs I would put in the S/R catagory. Woolley's "indicator" is not a indicator it is more of an identifier.

I like your teachings, Kit.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #10,445
  • Apr 30, 2008 4:30pm Apr 30, 2008 4:30pm
this could well be the signal i was waiting for to back in the ausi weekly pinbar. il wait 30 min till bar closes, nice confluence with the fib levels.

you like?
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  • #10,446
  • Apr 30, 2008 5:01pm Apr 30, 2008 5:01pm
Quoting woolley
this could well be the signal i was waiting for to back in the ausi weekly pinbar. il wait 30 min till bar closes, nice confluence with the fib levels.

you like?
I like.

Nice woolley.
Indicators show the past. Price Action "Indicates" the future.
  • #10,447
  • Apr 30, 2008 5:12pm Apr 30, 2008 5:12pm
thank you Jarroo heres another short I took A bit more of a risk but look how many times price has been rejected from the grey area.

my charts still looking a bit crowded what MAs do you think are esential for the daily TFs?
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  • #10,448
  • Apr 30, 2008 5:37pm Apr 30, 2008 5:37pm
Jaroo, it's looking like pin is becoming a pin in traffic. What do you think? Also what about the BEOB on E/U, any takers?
  • #10,449
  • Apr 30, 2008 5:41pm Apr 30, 2008 5:41pm
Quoting woolley
thank you Jarroo heres another short I took A bit more of a risk but look how many times price has been rejected from the grey area.

my charts still looking a bit crowded what MAs do you think are esential for the daily TFs?
James16 and others like the longer term MAs. The 365 EMA and the 150 EMA on the Daily, Weekly and even the 4 hour charts. They are mainly used as S/R Levels. Many watch how Price Action behaves around these levels. Price forming a Pin Bar on top of a 365 ema on the Daily, adds to the confluence of that trade that Price is reversing.

Also, when Price breaks these MAs, then returns and touches them, may show that Price may be in a continuation move.

Sorry I can post a chart, I'm not at home. I will later tonight.

Maybe others can help with this info.

James16, you out there?
Indicators show the past. Price Action "Indicates" the future.
  • #10,450
  • Apr 30, 2008 5:51pm Apr 30, 2008 5:51pm
Thankyou Jarroo for the info, il plot them on my charts now and see how the price acts round them.
  • #10,451
  • Apr 30, 2008 5:51pm Apr 30, 2008 5:51pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting woolley
this could well be the signal i was waiting for to back in the ausi weekly pinbar. il wait 30 min till bar closes, nice confluence with the fib levels.

you like?

That Aussie is being stubborn, it's looking like it may go back up. Be careful Woolley if you're in that trade.
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Click to Enlarge Name: aud usd 4hr.gif Size: 13 KB
  • #10,452
  • Apr 30, 2008 5:54pm Apr 30, 2008 5:54pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting jarroo
Patience for the A trade. Nice Kit.

I would not call Fibs, Trendlines and PPZ (S/R levels) as indicators because they show where Price may go in the future. Indicators show the past. Longer term MAs I would put in the S/R catagory. Woolley's "indicator" is not a indicator it is more of an identifier.

I like your teachings, Kit.

Jim
LOL, thanks. I'll go with that, it's an identifier not an indicator. It's as stubborn as the aus/usd right now. I can't get smileys to show up on some of my charts. Must be a timing thing..
  • #10,453
  • Apr 30, 2008 6:01pm Apr 30, 2008 6:01pm
Hi Kitara I am indeed short at this moment in time although my charts looking a bit nicer for me (well I would say that) due to timezone difference. my SL is in the pink bar area about 40 pips away but the potential for a nice profit is there. I like the RR ratio. but will have to wait and see what happens.
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  • #10,454
  • Apr 30, 2008 6:04pm Apr 30, 2008 6:04pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting lastchance
Jaroo, it's looking like pin is becoming a pin in traffic. What do you think? Also what about the BEOB on E/U, any takers?
I don't think E/U is safe to short yet. Still too risky
  • #10,455
  • Edited 7:51pm Apr 30, 2008 6:07pm | Edited 7:51pm
Quoting lastchance
Jaroo, it's looking like pin is becoming a pin in traffic. What do you think? Also what about the BEOB on E/U, any takers?
Sorry I can post a chart at this time.

Aud/Usd Weekly Pin Bar looks to be in traffic, but it may just be in a big retracement move. It is at all-time highs.

The Weekly BEOB on the E/U. Solid Price Action in my book. It sure confirms that sweet Inside Bar on the Daily a week ago. (Nice one, belekas)
I know that mbqb11 (Mike) likes these PAs. I would like to hear from him.

1st Friday of the month coming.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #10,456
  • Apr 30, 2008 6:11pm Apr 30, 2008 6:11pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting woolley
Hi Kitara I am indeed short at this moment in time although my charts looking a bit nicer for me (well I would say that) due to timezone difference. my SL is in the pink bar area about 40 pips away but the potential for a nice profit is there. I like the RR ratio. but will have to wait and see what happens.
Oh wow, yeah your chart does look different than mine. I'm pulling for you, I hope it comes down.
My Eur/Cad long triggered while I was out. Small profit right now but it looks like there is a ppz area it needs to see if it can burst up through before I'm into the better profit area.
  • #10,457
  • Apr 30, 2008 6:17pm Apr 30, 2008 6:17pm
lets hope they do go our way, had a v good week so far, be nice to keep the pips rolling in, right im of now very late in london so see you all tomorrow good luck with your trades...
  • #10,458
  • Apr 30, 2008 6:21pm Apr 30, 2008 6:21pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Oh yeah, you're after midnight now.. Have a good night
  • #10,459
  • Apr 30, 2008 6:30pm Apr 30, 2008 6:30pm
Quote
EUR/CAD
Playing in a nice range on the daily. The 4 hour shows a pin. If this bar fails to break support, I think it's going to bounce back into the range. Possible long entry for me.
Attempting 2 charts this time... watch out, I'm getting dangerous now!

Quoting Kitara
My Eur/Cad long triggered while I was out. Small profit right now but it looks like there is a ppz area it needs to see if it can burst up through before I'm into the better profit area.
Nice job Kit.

That 4 hour Pin Bar looks to be helping the long trade. Sweet!
Indicators show the past. Price Action "Indicates" the future.
  • #10,460
  • Apr 30, 2008 6:36pm Apr 30, 2008 6:36pm
Quoting woolley
lets hope they do go our way, had a v good week so far, be nice to keep the pips rolling in, right im of now very late in london so see you all tomorrow good luck with your trades...
Later woolley.
Indicators show the past. Price Action "Indicates" the future.
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