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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

  • #39,381
  • Jul 30, 2009 4:19am Jul 30, 2009 4:19am
Quoting tac
Yeah I think I heard it somewhere on the PF from Mike, that after a quick, sharp move down, you some times get a small pin bar, before it continues. One to filter out.
Absolutely. Also one to trade if it fails. but that's another story.

Let's see a chart, Mark. It can't be that bad.
Indicators show the past. Price Action "Indicates" the future.
  • #39,382
  • Jul 30, 2009 4:23am Jul 30, 2009 4:23am
Quoting jarroo
The size was too small compared to the strong move down. Also, playing iinto a some traffic on the left. To fight through that traffic, would like to have a bigger size (longer nose).

Many times Price Action will cut through a lot of traffic, if the size and supporting confluences have strength.
Thanks For The Advice Jarroo

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #39,383
  • Jul 30, 2009 4:23am Jul 30, 2009 4:23am
Quoting jarroo
Absolutely. Also one to trade if it fails. but that's another story.

Let's see a chart, Mark. It can't be that bad.
Mines are the Jim type
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-07-29_1957_GBP_AUD_2DAY_PB.png Size: 68 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #39,384
  • Jul 30, 2009 4:26am Jul 30, 2009 4:26am
Quoting tac
Mines are the Jim type
Looks great to me. Very nice.
Indicators show the past. Price Action "Indicates" the future.
  • #39,385
  • Jul 30, 2009 4:29am Jul 30, 2009 4:29am
I've been watching this pair for a while too... wondering if/when it will make a move lower, or breakout higher...

Got a touch of the trendline today and a move higher back into the 4hr traffic.

Josh
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD 073009_day.GIF Size: 61 KB
Click to Enlarge Name: NZDUSD 073009_4hr.GIF Size: 61 KB
  • #39,386
  • Jul 30, 2009 4:42am Jul 30, 2009 4:42am
Quoting Jduester
I've been watching this pair for a while too... wondering if/when it will make a move lower, or breakout higher...

Got a touch of the trendline today and a move higher back into the 4hr traffic.

Josh
I've been watching this one as well josh. I can't tell where this one wants to go. its been consolidating on the weekly for a few weeks.

On the Daily, the .6500 (also 50% retrace) first acted as resistence (green) and then its now acting as support (blue). Ok, I get it, .6500 is a strong PPZ level. Now where do you want to go Mr. Nzd? lol

Some good divergence on the Daily, now let's see some strong PA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzw.gif Size: 20 KB
Click to Enlarge Name: nzwd.gif Size: 21 KB
Indicators show the past. Price Action "Indicates" the future.
  • #39,387
  • Jul 30, 2009 4:47am Jul 30, 2009 4:47am
Quoting Basber
Any Idea Why This PB Failed ? It's Even Passed The Previous Low.

Regards,
Basber
16:00 GMT is the last hour of the London session (IBFX), so you could also have had the London day traders closing out their shorts at the end of the session, which means lots of buying. I see pinbars form at the end of sessions a lot. But this is still a pretty weak observation. We can try and figure out 'why' all day long since nothing will be 100%
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #39,388
  • Jul 30, 2009 5:06am Jul 30, 2009 5:06am
Quoting LasVahGoose


For me personally, the higher cost is worth every penny. I've done the research and my homework. I'll give you two examples...

1) Beef industry. Many places in the world will not import U.S. Beef. The cows are so pumped up with hormones (effects the milk and all milk products as well) that 3 year old girls are starting their periods (documented cases in the U.S.).
I agree with you about meat. I had the fortune to grow up in NZ where all the beef is produced naturally - 'free range' if you like. Animals live off a diet of grass, live in open paddocks and shelter under trees when necessary.
I couldn't believe it when I first went travelling - the stuff that passed for 'beef' in other countries. I have lived overseas for over a decade now and have all but given up on eating red meat unless it comes from home. I'm not a health nut by any stretch but there's no f*%king way I'm putting that crap through my body - cows that have been fed hormones, meat & bone meal etc. Same goes for dairy products.

All I really eat now is seafood, lamb if it's from NZ, organic chicken etc.... and I certainly don't mind paying that little bit extra.
  • #39,389
  • Jul 30, 2009 5:08am Jul 30, 2009 5:08am
Quoting jarroo
The 2 PB Day will have better strength off that 2.0000.

I'm sure oltciter is waiting for the break of the 8 hour PB (I hope)

It could give up some nice pips and still break that 2 day PB.
You are right, Jarro! I'm still waiting!
I can not see any 2day pin bar on my D2 chart! Maybe after this D2 bar will finsh will see D4 pinbar!
Am I wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD_D2.png Size: 36 KB
  • #39,390
  • Jul 30, 2009 5:11am Jul 30, 2009 5:11am
Quoting jarroo
I've been watching this one as well josh. I can't tell where this one wants to go. its been consolidating on the weekly for a few weeks.

On the Daily, the .6500 (also 50% retrace) first acted as resistence (green) and then its now acting as support (blue). Ok, I get it, .6500 is a strong PPZ level. Now where do you want to go Mr. Nzd? lol

Some good divergence on the Daily, now let's see some strong PA.
I might have spoke without looking a little closer. 2 Day BEOB engulfing about 6 days. It doesn't show well on the period converter. That could be it.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.gif Size: 24 KB
Indicators show the past. Price Action "Indicates" the future.
  • #39,391
  • Jul 30, 2009 5:15am Jul 30, 2009 5:15am
Quoting oltciter
You are right, Jarro! I'm still waiting!
I can not see any 2day pin bar on my D2 chart! Maybe after this D2 bar will finsh will see D4 pinbar!
Am I wrong?

Not at all.

And maybe at the end of the week we may finish with a Weekly PB.
Indicators show the past. Price Action "Indicates" the future.
  • #39,392
  • Jul 30, 2009 5:18am Jul 30, 2009 5:18am
Quoting Headless
I agree with you about meat. I had the fortune to grow up in NZ where all the beef is produced naturally - 'free range' if you like. Animals live off a diet of grass, live in open paddocks and shelter under trees when necessary.
I couldn't believe it when I first went travelling - the stuff that passed for 'beef' in other countries. I have lived overseas for over a decade now and have all but given up on eating red meat unless it comes from home. I'm not a health nut by any stretch but there's no f*%king way I'm putting that crap through my...
We have a super market here in the U.S. that tries to get as much organic food as possible, they do have meat from NZ, but it is $45-$50 dollars per pound. A little to rich for me, but there are some local farms that do the same things for about $20/pound, still expensive. I'm actually looking to go in on a 1/4 (175 lbs) or 1/2 (350 lbs) side of beef from an organic farm with a friend or two. Stock up the freezer and eat good quality meat which comes out to about $3/pound.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #39,393
  • Jul 30, 2009 5:19am Jul 30, 2009 5:19am
Quoting jarroo
I might have spoke without looking a little closer. 2 Day BEOB englufing about 6 days. It doesn't show well on the period converter. That could be it.
And signals across the board last night to short NZD. All with divergence.

Many pairs seem to have that "turning over" feel. And many at crucial areas. Good PA will reveal itself (sometimes after a little periodcon digging) and these moves could be ones to last for a long time.

Great spot Jim...
  • #39,394
  • Jul 30, 2009 5:42am Jul 30, 2009 5:42am
Quoting tac
Hey oltciter,

Be careful you are playing into a extremely strong support are at 2.0000, I am long here due to the 2 day pin bar.
Thankyou for advice , Tac! I respect that.
IMO this are few of most important daily and weekly GBPAUD S/R and PPZ levels.

Red = daily S/R and PPZ Blue = Weekly S/R and PPZ

But this is only my opinion.It is posible to have some mistakes!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD_W1.png Size: 38 KB
Click to Enlarge Name: GBPAUD_D1.png Size: 35 KB
  • #39,395
  • Jul 30, 2009 5:42am Jul 30, 2009 5:42am
Quoting TiaForex
And signals across the board last night to short NZD. All with divergence.

Many pairs seem to have that "turning over" feel. And many at crucial areas. Good PA will reveal itself (sometimes after a little periodcon digging) and these moves could be ones to last for a long time.

Great spot Jim...
Thanks Tia. I've been combining bars for awhile. They can reveal many great setups that others or the market cannot see. (or maybe they do see them.)

Sometime I rely on that periodcon "identifier" too much, instead of using the best identifiers : my eyes. lol.
Indicators show the past. Price Action "Indicates" the future.
  • #39,396
  • Jul 30, 2009 5:46am Jul 30, 2009 5:46am
Quoting oltciter
Thankyou for advice , Tac! I respect that.
IMO this are few of most important daily and weekly GBPAUD S/R and PPZ levels.

Red = daily S/R and PPZ Blue = Weekly S/R and PPZ

But this is only my opinion.It is posible to have some mistakes!
8 hour PB is looking good olt. Nice hard break.
Indicators show the past. Price Action "Indicates" the future.
  • #39,397
  • Jul 30, 2009 5:49am Jul 30, 2009 5:49am
Quoting jarroo
8 hour PB is looking good olt. Nice hard break.
Thankyou Jarro!
  • #39,398
  • Jul 30, 2009 5:52am Jul 30, 2009 5:52am
Almost a double pin on hourly hitting resistance trend line off 1.6500 round number. May end up with a pin on the 4hr as well. Pins on 2 time frames can have some power. Highlighted area's are Fibo's not necessarily PPZ's, but sometimes fibo's are right on top of PPz's
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-07-30_0347.jpg Size: 111 KB
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #39,399
  • Jul 30, 2009 5:54am Jul 30, 2009 5:54am
What do people think about the Daily pin from couple of days ago on AudUsd?

After falling yesterday price has retraced quite a bit.

On the one hour chart it looks like it might be forming the right shoulder of a head and shoulders pattern.
  • #39,400
  • Jul 30, 2009 5:56am Jul 30, 2009 5:56am
Quoting oltciter
Thankyou Jarro!
Ryanmcd would be proud. PB with the trend. Oh yeah. lol
Attached Image
Indicators show the past. Price Action "Indicates" the future.
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