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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

  • #10,541
  • Edited 4:44pm May 5, 2008 2:44am | Edited 4:44pm
Quoting f4mnect
Thank you very much, yes on friday with nfp. was not a trade I wanted to jump into, but was one I watched as it went down and that was a big help in slowly breaking my indicator habit lol. There still there, but I'm slowly walking away from them.
That's the beauty of Price Action. You can incorporate them into an existing method or system.

Obviously, alot of people use indicators and when they use them with PA it can only help confirm their trading. But you will find that Price Action will win out over time. You'll see indicators showing you to short and you will say "I knew that 3 bars ago." LOL
Indicators show the past. Price Action "Indicates" the future.
  • #10,542
  • May 5, 2008 2:46am May 5, 2008 2:46am
LOL yup exactly 3 bar late on indicator entry
  • #10,543
  • May 5, 2008 2:51am May 5, 2008 2:51am
Quoting f4mnect
LOL yup exactly 3 bar late on indicator entry
Indicators show the past. Price Action "Indicates" the future.
  • #10,544
  • May 5, 2008 7:41am May 5, 2008 7:41am
My 3 Trades went good so far

GPB/JPY ~+40
GPB/CHF ~+100
EUR/GPB ~+30

but my buy order on eur/usd was triggered i killed it hard and fast for -25 )


here the pics!


thank u all for teaching this!!!
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  • #10,545
  • May 5, 2008 8:39am May 5, 2008 8:39am
Here's a pin I took on the Cad daily chart last night, closed out +36 at Weekly pivot. Resistance off the 200 ema(on Demo)
Attached Image
  • #10,546
  • May 5, 2008 9:15am May 5, 2008 9:15am
Quoting f4mnect
Here's a pin I took on the Cad daily chart last night, closed out +36 at Weekly pivot. Resistance off the 200 ema(on Demo)
Nice f4.

Don't forget the trendline on top.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #10,547
  • May 5, 2008 9:19am May 5, 2008 9:19am
Quoting jarroo
Nice f4.

Don't forget the trendline on top.
Yup thanks
  • #10,548
  • May 5, 2008 10:02am May 5, 2008 10:02am
...any thoughts??
on my platform the data goes back to 2005... however on the weekly we have our first bullish signal in two years ... two weeks ago we had a BUOVB and last week a TBH that can be considered a I4B .. actually i see it as a double bullish signal ... now we are having a little retracement to th trendline ... i think buyers should show up NOW! ...
If usd/sgd is starting to look a little bit north .... usd/jpy ???????
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  • #10,549
  • May 5, 2008 10:56am May 5, 2008 10:56am
Good spot to buy Gold?
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  • #10,550
  • May 5, 2008 5:22pm May 5, 2008 5:22pm
Quoting jatis
Good spot to buy Gold?
would have already bought on the break of pinbar to be honest, it's right at first area of resistance.
  • #10,551
  • May 5, 2008 8:57pm May 5, 2008 8:57pm
Looks like a good 2D PB on the USD/JPY enough supporting reasons to make me want to give this one a try. Am heading right into the short term trend (6 weeks) but the overall trend (10 months) is going my way.
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  • #10,552
  • May 5, 2008 9:24pm May 5, 2008 9:24pm
Quoting jarroo
Here's my take on the GBP/JPY in a nutshell.

Weekly - DBLHC (yellow area). It is still in play from 3 weeks ago. It has retraced to the 50% twice in the last 2 weeks and Price closed above the 365ema. (also TBH week 4/13 & 4/27, 208.99 and 209.00 respectively)

Daily - Inside Bar (green area). Broke the top.

4 hour - Pin Bar (purple area). Pin Bar at recent highs (2 month Highs) and is at a PPZ (S/R levels).

So, if you go by the known fact that "Higher Time Frames Rule" like I go by, then we are heading upwards.

But (isn't there always a "But"), we could be retracing down again signaled by the 4 hour Pin Bar which is with the downtrend of the Weekly and Daily. Yet, the 4 hour trend is up.

A Price break (hard and strong) above the 4 hour Pin Bar looks good northwards on so many levels.

Jim

Update: Forgot to mention the break of the top of the Weekly Inside Bar too. Price tucked inside that weekly IB by a few pips. Still more uptrend potienal. (Gold area)
Nice analysis Jarroo, I tend to mostly pay attention to DBLHC/DBHLC or IB's, other patterns are harder for me to spot or are a bit more suggestive. LOL! But I hope to eventually get them all with much more ease...
  • #10,553
  • May 5, 2008 10:54pm May 5, 2008 10:54pm
Quoting Aad
Nice analysis Jarroo, I tend to mostly pay attention to DBLHC/DBHLC or IB's, other patterns are harder for me to spot or are a bit more suggestive. LOL! But I hope to eventually get them all with much more ease...
Check this out Aad.

BUllish Outside Vertical Bars and BEarish Outside Vertical Bars are very tradable at swing highs and lows.
Attached File(s)
File Type: doc James16.doc   31 KB | 2,052 downloads
Indicators show the past. Price Action "Indicates" the future.
  • #10,554
  • May 6, 2008 1:34am May 6, 2008 1:34am
thanks hadn't seen that 1, was making my own
  • #10,555
  • May 6, 2008 6:52am May 6, 2008 6:52am
Quoting jatis
Good spot to buy Gold?
Hmm.. At least I closed my paper trade other half, too, L
Attached Image
  • #10,556
  • May 6, 2008 9:06am May 6, 2008 9:06am
Quoting jarroo
Here's my take on the GBP/JPY in a nutshell.

Weekly - DBLHC (yellow area). It is still in play from 3 weeks ago. It has retraced to the 50% twice in the last 2 weeks and Price closed above the 365ema. (also TBH week 4/13 & 4/27, 208.99 and 209.00 respectively)

Daily - Inside Bar (green area). Broke the top.

4 hour - Pin Bar (purple area). Pin Bar at recent highs (2 month Highs) and is at a PPZ (S/R levels).

So, if you go by the known fact that "Higher Time Frames Rule" like I go by, then we are heading upwards.

But (isn't there always a "But"), we could be retracing down again signaled by the 4 hour Pin Bar which is with the downtrend of the Weekly and Daily. Yet, the 4 hour trend is up.

A Price break (hard and strong) above the 4 hour Pin Bar looks good northwards on so many levels.

Jim

Update: Forgot to mention the break of the top of the Weekly Inside Bar too. Price tucked inside that weekly IB by a few pips. Still more uptrend potienal. (Gold area)
4 hour Pin Bar proved itself with a 50% retrace before the break.
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Indicators show the past. Price Action "Indicates" the future.
  • #10,557
  • May 6, 2008 9:09am May 6, 2008 9:09am
Also Daily Inside Bar Gbp/Jpy. (Sunday Bar is ignored)
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Indicators show the past. Price Action "Indicates" the future.
  • #10,558
  • May 6, 2008 11:01am May 6, 2008 11:01am
UJ Long signal at the trendline.
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  • #10,559
  • May 6, 2008 11:20am May 6, 2008 11:20am
Quoting good
UJ Long signal at the trendline.
BUOVB on the Hourly at a trendline.

Pin Bar on the 4 hour at a trendline.

That was good good . . . . I mean . . .nice job.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #10,560
  • May 6, 2008 11:43am May 6, 2008 11:43am
What about this one? Could even become a daily Pin (but in traffic imho).

Support@ 1.0421

I longed it.
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