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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

  • #13,001
  • Aug 22, 2008 6:04pm Aug 22, 2008 6:04pm
Does anyone see the outside bearish vertical bar on USD/ JPY daily? Thinking of shorting...
  • #13,002
  • Aug 22, 2008 9:14pm Aug 22, 2008 9:14pm
Quoting seesaw
Does anyone see the outside bearish vertical bar on USD/ JPY daily? Thinking of shorting...
are you able to post a chart?
"Believe nothing you hear and half of what you see." Proverb
  • #13,003
  • Aug 22, 2008 11:07pm Aug 22, 2008 11:07pm
Quoting fxgrinder
are you able to post a chart?
I can't unfortunately, haven't quite figured that out but it actually may be a bullish sign more than a bearish one because it is a blue candle followed by a full white longer one, so its more bull than bear
  • #13,004
  • Aug 23, 2008 12:40am Aug 23, 2008 12:40am
Quoting seesaw
I can't unfortunately, haven't quite figured that out but it actually may be a bullish sign more than a bearish one because it is a blue candle followed by a full white longer one, so its more bull than bear
To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart” at “600 x 600 pixels” the click “OK”
Save anywhere you want i.e. Desktop.

Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close the “Manage Attachments” window. Then make sure you hit the “Submit Reply” button that is under the “Manage Attachments” button.
Done.
Indicators show the past. Price Action "Indicates" the future.
  • #13,005
  • Aug 23, 2008 4:02am Aug 23, 2008 4:02am
Quoting SeekingLight
You draw the fib from the bottom of the bar to the top of the bar in question(regardless of BUOB or PB). This puts 100% at the bottom(160.15) and .618 roughly at 160.95 on IBFX for example.
You should decide how you handle your entry beforehand and if you don't get a retrace entry, you can always place the normal "on break" entry above the bar + spread + yourchoiceofpipsbuffer. Just be careful you don't trigger both and double your risk inadvertently.

Other things such as s/r and "eye levels" can come into play as well however, so it's not just all about fibs imho.

Bundy does a great job of breaking things down.
I PMed you
  • #13,006
  • Edited 5:57am Aug 23, 2008 5:45am | Edited 5:57am
Quoting seesaw
Does anyone see the outside bearish vertical bar on USD/ JPY daily? Thinking of shorting...
even with the wildest of feed differences this should appeal nothing more than a valid BUOB hence a signal for long...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 7 KB
I believe . . .
  • #13,007
  • Aug 23, 2008 7:04am Aug 23, 2008 7:04am
Quoting ghous
even with the wildest of feed differences this should appeal nothing more than a valid BUOB hence a signal for long...
so very true i cant seem to find the signal u pointed Out
  • #13,008
  • Aug 23, 2008 7:05am Aug 23, 2008 7:05am
Quoting ezz
so very true i cant seem to find the signal u pointed Out
ahh more Bullish dollar signals
  • #13,009
  • Aug 23, 2008 8:30am Aug 23, 2008 8:30am
Quoting ezz
ahh more Bullish dollar signals
yeah that's right i was going through my weekend analysis and was wondering over this same point, a possible BUOB on Uj (not as prominent on my charts) a nice DBHLC on Gu another BUOB on Usd/Chf, i am beginning to feel the heat on my Eu long now...wonder if i will be able top survive it i just managed to stay away from my SL at breakeven on Friday, guess i should'nt be surprised to see it hit on Monday, even a small gap down should do the job...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 12 KB
I believe . . .
  • #13,010
  • Edited 9:35am Aug 23, 2008 9:24am | Edited 9:35am
Does this kind of a setup take up some plcae in James 16's grand book of PA indications??

usd/cad is in a very nice place at the moment, it seems to have nicely bounced over a very long term resistance line, could this PA indication (if it is...) make the case any stronger??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 9 KB
Click to Enlarge Name: pa setup.gif Size: 9 KB
I believe . . .
  • #13,011
  • Edited Aug 24, 2008 1:35am Aug 23, 2008 10:12am | Edited Aug 24, 2008 1:35am
Quoting ghous
Does this kind of a setup take up some plcae in James 16's grand book of PA indications??

usd/cad is in a very nice place at the moment, it seems to have nicely bounced over a very long term resistance line, could this PA indication (if it is...) make the case any stronger??

Or Double Bar Low With a Not So High Close ( DBLWaNSHC)

Ok, I'm just kidding.

Jim would view this as Two Bar Low (TBL also Two Bar High) In a strong trend would be a good breakout continuation level. Even stronger is a 3 Bar Low or 4 Bar Low.


http://www.forexfactory.com/showpost...0&postcount=28
Indicators show the past. Price Action "Indicates" the future.
  • #13,012
  • Aug 23, 2008 10:18am Aug 23, 2008 10:18am
Quoting jarroo
Or Double Bar Low With a Not not So High Close ( DBLWaNSHC)

Ok, I'm just kidding.

Jim would view this as Two Bar Low (TBL also Two Bar High) In a strong trend would be a good breakout continuation level. Even stronger is a 3 Bar Low or 4 Bar Low.


http://www.forexfactory.com/showpost...0&postcount=28
LoL! i get the point
I believe . . .
  • #13,013
  • Aug 23, 2008 2:15pm Aug 23, 2008 2:15pm
Quoting jarroo
To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart” at “600 x 600 pixels” the click “OK”
Save anywhere you want i.e. Desktop.

Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close the “Manage Attachments” window. Then make sure you hit the “Submit Reply” button that is under the “Manage Attachments” button.
Done.
Thanks!!
  • #13,014
  • Aug 23, 2008 2:18pm Aug 23, 2008 2:18pm
Quoting ghous
even with the wildest of feed differences this should appeal nothing more than a valid BUOB hence a signal for long...
You are right, I retracted my statement --it is clearly a bullish signal
  • #13,015
  • Aug 23, 2008 2:45pm Aug 23, 2008 2:45pm
Quoting ghous
yeah that's right i was going through my weekend analysis and was wondering over this same point, a possible BUOB on Uj (not as prominent on my charts) a nice DBHLC on Gu another BUOB on Usd/Chf, i am beginning to feel the heat on my Eu long now...wonder if i will be able top survive it i just managed to stay away from my SL at breakeven on Friday, guess i should'nt be surprised to see it hit on Monday, even a small gap down should do the job...
http://forexfactory.com/attachment.p...1&d=1219498665

Are you thinking that GBP/USD could go lower, breaking the support?? I wanna know ur oponion...
If there is a gap down on monday,i will long the pair till the gap is filled....

sonic'
  • #13,016
  • Aug 23, 2008 5:48pm Aug 23, 2008 5:48pm
Hello folks,
I bring you my 1st chart with PA. I hope you like it.
thanks f comments.

http://img110.imageshack.us/img110/8619/audnzdpafc4.gif
  • #13,017
  • Aug 23, 2008 7:58pm Aug 23, 2008 7:58pm
Quoting Jankone
Hello folks,
I bring you my 1st chart with PA. I hope you like it.
thanks f comments.

http://img110.imageshack.us/img110/8619/audnzdpafc4.gif

Nice job.

Other PPZs in blue.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #13,018
  • Aug 23, 2008 8:10pm Aug 23, 2008 8:10pm
Quoting sonicdeejay

Are you thinking that GBP/USD could go lower, breaking the support?? I wanna know ur oponion...
If there is a gap down on monday,i will long the pair till the gap is filled....

sonic'
Don't discount ANY possibility Sonic.

It's about positioning yourself to take what the market gives you, remember.

Good idea with the gap.
A good place to have a gap trade too, if it gaps down.

Check out the PPZ we are currently sitting on.
Any Move down will surely see a pull-back for this reason as well.

Regarding gaps though...
You should be careful of your brokers chart feed.
...For example, IBFX starts late. (Might depend on the time of the year???)
Have been caught out on that myself.
Often a gap on their charts is not a gap in the overall market. It's just that they miss an hour or two of trading info.

BUT ....the pullback to the PPZ and the recent lows is very likely anyway. Regardless of a gap.

After saying all that though, no-ones opinion is going to make you money. It can go any way from here. Trade good solid setups, man.

.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 30 KB
Bundy's status today: "Waiting..."
  • #13,019
  • Aug 23, 2008 8:16pm Aug 23, 2008 8:16pm
We've Just been moved to a different area?

Someone doesn't know what they're doing. There won't be too many threads left in Trading Systems if they're basing this on active threads. LOL

.
Bundy's status today: "Waiting..."
  • #13,020
  • Aug 23, 2008 8:26pm Aug 23, 2008 8:26pm
Quoting bundyraider
We've Just been moved to a different area?

Someone doesn't know what they're doing. There won't be too many threads left in Trading Systems if they're basing this on active threads. LOL

.

Cool. "Interactive", like a video game.
Indicators show the past. Price Action "Indicates" the future.
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