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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

  • #40,181
  • Aug 6, 2009 3:23pm Aug 6, 2009 3:23pm
Quoting ghous
Sorry abt those harsh words at you Jim,

For some reason it's these that inspire me the most today. lol

lol That's alright ghous. It's true, I do have a cool air about me.
Indicators show the past. Price Action "Indicates" the future.
  • #40,182
  • Aug 6, 2009 3:23pm Aug 6, 2009 3:23pm
Quoting StoragePro
Me too.... sigh.

Is this part of the master plan??

First piss of your biggest draw...
Second commercialize the place...
My posts were under moderation as well. Glad it wasn't just me.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,183
  • Aug 6, 2009 3:31pm Aug 6, 2009 3:31pm
Quoting Twee
Hi Folks! That was a bug. We are implementing a new moderation system and it went haywire for a few minutes. Sorry about that! Don't be alarmed if it happens again.

Cheers and trade well.
On the moderation issue -

(From another thread)
  • #40,184
  • Aug 6, 2009 3:31pm Aug 6, 2009 3:31pm
Quoting LasVahGoose
My posts were under moderation as well. Glad it wasn't just me.
What does that mean? "under moderation"

K.I.S.S.
  • #40,185
  • Aug 6, 2009 3:33pm Aug 6, 2009 3:33pm
Quoting KissFan
What does that mean? "under moderation"

K.I.S.S.
Every single one of my posts were taken offline, sorta like put in limbo. I guess it is setup that way to review the posts. But, Jig's email explained what happened.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,186
  • Aug 6, 2009 3:54pm Aug 6, 2009 3:54pm
Quoting KissFan
What does that mean? "under moderation"

K.I.S.S.
It means that me, Goose and Bundy are a bunch of baddies....
I'm pretty much done with all this ...
  • #40,187
  • Aug 6, 2009 4:24pm Aug 6, 2009 4:24pm
Quoting StoragePro
It means that me, Goose and Bundy are a bunch of baddies....
new moderation system is working well then...

any thoughts on the GBPJPY DBHLC?

down bar a bit lacking in strength but good PPZ - can't find any other confluence though...

or shall we wait for the weekly pin bar instead?

ummm not sure haven't traded a DBHLC daily yet....

Tom
  • #40,188
  • Aug 6, 2009 4:28pm Aug 6, 2009 4:28pm
Quoting fat_tom
new moderation system is working well then...

any thoughts on the GBPJPY DBHLC?

down bar a bit lacking in strength but good PPZ - can't find any other confluence though...

or shall we wait for the weekly pin bar instead?

ummm not dure haven't traded a DBHLC daily yet....

Tom
I'm eyeing this bar too Tom. got a ppz at 162 to form a double top. no divergence. would wait for a nice break of 160. I'm not taking it - mainly because we didn't get any push and rejection higher...
Josh
  • #40,189
  • Aug 6, 2009 4:41pm Aug 6, 2009 4:41pm
Quoting ghous
We never do this...

"trade news based on technical analysis"

News has nothing to do with our trading because for our money where price is going is of far far more importance than why this is why stuff like co relations and news impacts stay out of our way...
One Question Ghous....Would you guys not even hesitate to trade a nice PB or BUOVB tomorrow just before NFP? 4hr bar would complete at 8am EST(depending on broker), NFP comes out at 8:30am EST... Just wondering....this is my first NFP with this thread.

GregB
  • #40,190
  • Aug 6, 2009 4:45pm Aug 6, 2009 4:45pm
Quoting batesmotel
One Question Ghous....Would you guys not even hesitate to trade a nice PB or BUOVB tomorrow just before NFP? 4hr bar would complete at 8am EST(depending on broker), NFP comes out at 8:30am EST... Just wondering....this is my first NFP with this thread.

GregB
I'm not Ghous, but I play him on TV...

When the PA bar is trading into a strong PPZ. Since we are trading PA, we watch for that kind of thing - no?
I'm pretty much done with all this ...
  • #40,191
  • Aug 6, 2009 4:55pm Aug 6, 2009 4:55pm
If you have an ECN, you can sit and watch the spreads onthe interbank change. Right now, the EURAUD spreads are anywhere from 5 to 16 pips. and it was changing every second or two. Pretty wild - ni periods of low liquidity, those sudden 10 pip moves equate to that spread and just two participants - maybe even one of us....
I'm pretty much done with all this ...
  • #40,192
  • Aug 6, 2009 4:56pm Aug 6, 2009 4:56pm
what are you guys talking about with this moderation stuff?

fill me in here or pm me.
  • #40,193
  • Aug 6, 2009 4:57pm Aug 6, 2009 4:57pm
Quoting james16
what are you guys talking about with this moderation stuff?

fill me in here or pm me.
Forexfactory is integrating some new automatic moderation system throughout the forum. It causes posts to be delayed currently.

I quoted what Twee said in another thread in my above post.
  • #40,194
  • Aug 6, 2009 5:02pm Aug 6, 2009 5:02pm
Quoting james16
what are you guys talking about with this moderation stuff?

fill me in here or pm me.
I guess it was nothing Jim....
I'm pretty much done with all this ...
  • #40,195
  • Aug 6, 2009 5:06pm Aug 6, 2009 5:06pm
ok thanks jig and sto.

jim


Quoting StoragePro
I guess it was nothing Jim....
  • #40,196
  • Aug 6, 2009 5:09pm Aug 6, 2009 5:09pm
my golf instructor (and my sons) is headed your way today jig.

talked to him yesterday and he was gloating about his upcoming big week of golf in the old country.

i told him i was glad i could send him.

wish i was coming with him.

jim



Quoting Jigsaw
Forexfactory is integrating some new automatic moderation system throughout the forum. It causes posts to be delayed currently.

I quoted what Twee said in another thread in my above post.
  • #40,197
  • Aug 6, 2009 5:23pm Aug 6, 2009 5:23pm
I'm sure everyone's watching these pairs closely, especially with NFP coming tomorrow morning. I've been waiting for this setup...both pairs forcefully violated the ppz created by the preceding bars' highs, and retraced right back to the ppz--and ideal location for bullish price action. However, the massive bearish divergence cannot be overlooked....or can it.....

Watching and waiting.........


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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skype: ststroud. let's talk trading.
  • #40,198
  • Aug 6, 2009 5:28pm Aug 6, 2009 5:28pm
Quoting tradertt
I was using an indicator to point out the PAs to me and I have something call a TMHTB

I assume it is Two Match High Trend Break? IS this a valid formation and how is this played? Above the trend break high? Which is far off and where is the stop placed. It looks good to me as it closed above the MA 365 in USDJPY H4
Hi Guys sorry just wanted to confirm if this is a valid PA formation as I don't see it being talked about much recently.

Thanks
  • #40,199
  • Aug 6, 2009 5:44pm Aug 6, 2009 5:44pm
Quoting james16
my golf instructor (and my sons) is headed your way today jig.

talked to him yesterday and he was gloating about his upcoming big week of golf in the old country.

i told him i was glad i could send him.

wish i was coming with him.

jim
Heh,

lol "glad you could send him" indeed. The courses over here are meant to be pretty good, I can't swing a golf club to save my life however, which surprises me because I have played hurling for most of my life.

Whenever/if you do come over Jim, the pints of Guinness are definately on me and the other Irish J16rs

Jig


EDIT -

Quoting tradertt
Hi Guys sorry just wanted to confirm if this is a valid PA formation as I don't see it being talked about much recently.

Thanks
Never heard of that one.

Probably a DBHLC / DBLHC

Double Bar High Lower Close = Two matching highs where the second bar closes lower than the low of the previous bar.

The other one is the reverse.

They are still in use but I guess thay are not talked about as much due to being a bit harder to spot I guess, I use them loads in all my types of trading.
  • #40,200
  • Aug 6, 2009 5:58pm Aug 6, 2009 5:58pm
Alright I have been noticing this over and over and over (and over) and today was another example of it, thought I would just throw it out there for other peoples opinions.

Is it just me, or say when big news releases happen, the news actually breaks in the way which price action shows in the previous hours. An example of the news today with the QE announced by BOE.

On the 1HR GBP Index we have a bearish outside bar that never broke, which was followed by a pinbar on the last hourly candle before the news.

On the 1HR GBPUSD we see a 1HR Bearish outside bar that never broke, turn into an Inside 4Bar type setup, which then turns into a bearish outside bar before the news comes out.

I have literally seen this so many times, I mean of course you will get losses like anything but PA seems to be showing what news will come out later.


Anyone else got any experience on this ? I know there were posts earlier today about GBPCAD was it ?

I remember specifically all this year in regard to interest rates etc. PA before the event was pretty spot on in showing what would happen.

I am not talking about putting on pending orders for the news to activate but rather PA showing what direction it's bias towards and then taking position before the news occurs so you don;t get any of that "incorrect market price" / Market price never existed scenario. . . .

Anyone with any thoughts ? Either way I am going to be watching for PA to show it's hand in relation to the NFP tomorrow :nerd:
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