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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

  • #21,741
  • Feb 18, 2009 4:04am Feb 18, 2009 4:04am
rejection on daily s1 with a nice pin bar...
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  • #21,742
  • Feb 18, 2009 4:09am Feb 18, 2009 4:09am
Quoting ghous
yeah that's one part of it, read the post above this one for a a little more idea of what I am doing,

I am not going to go into too much detail nor will I be posting too much of this stuff, we don't want newbies falling for this as they stumble across to search for james golden stuff, this is not it, and this is certainly not what the thread was and is and will ever be meant for. it's the "James16 chart thread"...Hope you understand

Regards,
Ghous.
for sure! , no a problem. Thanks anyway
  • #21,743
  • Feb 18, 2009 4:19am Feb 18, 2009 4:19am
Quoting jarroo
4 hour BUOB with a Pinish look.

To trade: with the trend, break at a round number and a daily PPZ (1.1700)

Not to trade : In traffic and not at a swing low.

Would have looked nice at the trend line (green box) even still in alot of traffic.

But it did work out nicely. Strong break and ran. Just goes to show the power of Price Action with the confluence of a RD PPZ.

Did you take it?
Nope, I'll take it if the price retraces to 0.50, 0.50 ret conflunces with 1.17 zone. otherwise I'll let it go.
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  • #21,744
  • Feb 18, 2009 4:24am Feb 18, 2009 4:24am
Quoting datogio
Nope, I'll take it if the price retraces to 0.50, 0.50 ret conflunces with 1.17 zone. otherwise I'll let it go.
Sorry about that, IBFX had a different look where the BUOB had already formed.

The one your presenting now is at a swing high and to much traffic. Even with a retrace it would be no trade for me.
Indicators show the past. Price Action "Indicates" the future.
  • #21,745
  • Feb 18, 2009 4:38am Feb 18, 2009 4:38am
Quoting jarroo
Sorry about that, IBFX had a different look where the BUOB had already formed.

The one your presenting now is at a swing high and to much traffic. Even with a retrace it would be no trade for me.
You know you're right, it's not worth trading, so its better not to retrace at all, better not to test my patience that I'm struggling to develop

Thanks my friend, this thread really helps with all it's members.

I'm getting back to find another opportunity :nerd:
  • #21,746
  • Feb 18, 2009 4:44am Feb 18, 2009 4:44am
Hi guys,
Purely hypothetically and not based on any current setups.
With USDCHF at a PPZ now around 1.1750, would that put you off shorting EURUSD if a good setup presented itself?
Or am I trying to overcomplicate matters?

Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #21,747
  • Feb 18, 2009 4:47am Feb 18, 2009 4:47am
Quoting datogio
You know you're right, it's not worth trading, so its better not to retrace at all, better not to test my patience that I'm struggling to develop

Thanks my friend, this thread really helps with all it's members.

I'm getting back to find another opportunity :nerd:
I would like to see a nice Bearish Pin Bar at these levels on the Weekly/Daily.

If that happens then we're talking some action . . . Price Action that is .
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Indicators show the past. Price Action "Indicates" the future.
  • #21,748
  • Feb 18, 2009 4:54am Feb 18, 2009 4:54am
Quoting jarroo
I would like to see a nice Bearish Pin Bar at these levels on the Weekly/Daily.

If that happens then we're talking some action . . . Price Action that is .
I'm happy that I spotted that area at least, I feel I'm on the right way, thanks for help. Be looking for PA
  • #21,749
  • Feb 18, 2009 5:31am Feb 18, 2009 5:31am
what about this??? not done forming but input? and yes bundy instead of taking the trade i went back to sleep i am getting there.
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  • #21,750
  • Feb 18, 2009 5:36am Feb 18, 2009 5:36am
Quoting NoBread
what about this??? not done forming but input? and yes bundy instead of taking the trade i went back to sleep i am getting there.
To much traffic. We want these PBs at swing Lows and swing Highs. At Daily and Weekly S/R levels (PPZs). Map out your Daily and Weekly PPZs and then wait for Price to get there and then look for some bar confirmation.

Hang in there buddy.
Indicators show the past. Price Action "Indicates" the future.
  • #21,751
  • Feb 18, 2009 5:40am Feb 18, 2009 5:40am
Quoting jarroo
4 hour BUOB with a Pinish look.

To trade: with the trend, break at a round number and a daily PPZ (1.1700)

Not to trade : In traffic and not at a swing low.

Would have looked nice at the trend line (green box) even still in alot of traffic.

But it did work out nicely. Strong break and ran. Just goes to show the power of Price Action with the confluence of a RD PPZ.

Did you take it?
Hi everyone,
I uses FXPRO as my charting software. It seems that my chart didn't show a BUOB.
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  • #21,752
  • Feb 18, 2009 5:41am Feb 18, 2009 5:41am
Quoting Ray_1
Hi everyone,
I uses FXPRO as my charting software. It seems that my chart didn't show a BUOB.
It was the IBFX feed.
Indicators show the past. Price Action "Indicates" the future.
  • #21,753
  • Feb 18, 2009 6:55am Feb 18, 2009 6:55am
Nice call Eclipse!


Quoting Eclipse
rejection on daily s1 with a nice pin bar...
"Whether you think you can or can't, you're right." Henry Ford
  • #21,754
  • Feb 18, 2009 7:37am Feb 18, 2009 7:37am
Jarro, I have a question on this chart I have on the daily tf. I have studied the price action and actually I did took this short trade quite awhile ago. I was expecting it to go much much lower because it went out of my resistance line there, however, it failed. The green line there was my entry point and my red line was my stop. Would you please comment? Thanks
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  • #21,755
  • Feb 18, 2009 8:03am Feb 18, 2009 8:03am
Quoting hijackxx
Jarro, I have a question on this chart I have on the daily tf. I have studied the price action and actually I did took this short trade quite awhile ago. I was expecting it to go much much lower because it went out of my resistance line there, however, it failed. The green line there was my entry point and my red line was my stop. Would you please comment? Thanks
1. Not a swing hi to go short
2. Sitting on support
3. Can't see confirming price action setups.
.....
  • #21,756
  • Feb 18, 2009 8:15am Feb 18, 2009 8:15am
Quoting ghous
DAMNIT Rac! you got me rolling on the floor

Humor aside the test of the final pair of lows, was on the cards, the break of 8000 which should really have been the level to push DJ to the moon (am i breaking copyright laws jarroo? ) has really gone against anticipation, would you bet on a hold this time Rac? ...
I don't know, but I'm praying it will. Civil wars are not a good thing...
  • #21,757
  • Edited 10:26am Feb 18, 2009 9:54am | Edited 10:26am
nice pin on the DJI H1, off the 7500 round number, only problem is that it doesn't have much room to run.
  • #21,758
  • Feb 18, 2009 10:01am Feb 18, 2009 10:01am
Quoting raczekfx
I don't know, but I'm praying it will. Civil wars are not a good thing...
bought following when dow futures hit 7460 sr

long ej 116.88
long gj 132.20
long chf/j 79.20

next obstacle is bernarke at 1
if market likes what he's got to say. we should get nice run up on yen crosses if not, we get stop out at be+1 and move on...
.
  • #21,759
  • Feb 18, 2009 10:10am Feb 18, 2009 10:10am
Quoting raczekfx
bought following when dow futures hit 7460 sr

long ej 116.88
long gj 132.20
long chf/j 79.20
...why?
  • #21,760
  • Feb 18, 2009 10:40am Feb 18, 2009 10:40am
Quoting Eclipse
...why?
Not to stick words in his mouth but

Mark(raczefx) is a support and resistance trader. He also uses the heavy correlations(especially as of late), from the DOW as a leading indicator.

Simply DOW rises carry pairs rise( xxx/jpy). So when he saw the DOW hit the last line of support so to speak hoping for a bounce, he uses that to help trade his other pairs, as they will follow

Mike
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