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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

  • #41,841
  • Aug 23, 2009 8:40pm Aug 23, 2009 8:40pm
Yes Ghous, 95.50 seems to be a stronger S/R than 95.00. If he is aiming for 95.50 instead of 95.00, the trade are more worthwhile.

Cheers,

kk

Quoting ghous
The way I see it, a break should yield more than just 20 pips Kk,

Looking at it closely I see that the 95.5 ppz is more of a "to the pip" ppz than a really thick "zone"

Jarroo as usual made a great point in that the 9400 ppz is a real strong one which the BUOB/PB is off of.

The close could have been better but clearly the location is what stands out,

If I were to take this trade I would certainly be aiming for at least 95.5 while keeping it nice and tight.

Bear in mind that we do have a left eye poking out of the ppz which could aid...
  • #41,842
  • Edited 9:14pm Aug 23, 2009 8:56pm | Edited 9:14pm
Quoting jarroo
Very nice fxv.

Sorry but I can't see your chart very clearly. I hope I replicated it here correctly.

Another possible senario is the strength of the 135.00 PPZ level which was tested on Friday and could move upwards from here. Or it could drop like a rock. lol.

Should be fun to watch.

Jim
1st target Hit. Eur/Jpy Daily BUOB.

I wonder if Jim's son is in on this one.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,843
  • Aug 23, 2009 9:55pm Aug 23, 2009 9:55pm
Quoting jarroo
Daily Eur/Gbp.

Nice strong location here. PPZ level at the .8700 RN, 150 ema at a 61.8 fib retracement from the last move down.

4 hour PB. Although the size could be bigger, it has good potential.
Let's see if this little poodle PB is in for a little run.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,844
  • Aug 23, 2009 11:01pm Aug 23, 2009 11:01pm
4H pinbar on NZD/USD (IBFX feed)
  • #41,845
  • Aug 24, 2009 12:03am Aug 24, 2009 12:03am
Quoting ghous
16?? Yeah well, knew I wouldn't be the youngest here forever...but never thought it would be a 16 year old beat me at it.

I don't know what else to say Ben except that you fascinate me...you're way beyond your years.

Ghous.
Benji. You're SIXTEEN???

Holy crap dude. Talk about ahead of the curve. *BRAVO*
One Mind, Any Market
  • #41,846
  • Aug 24, 2009 12:18am Aug 24, 2009 12:18am
Morning all,

I awoke to see EURJPY had taken off somewhat. My strategy now is to buy any dip down to PPZ 134.50 - 134.75.

Thanks to all who have responded with comments and made me feel welcome here. Here's to a good week ahead.
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  • #41,847
  • Aug 24, 2009 1:26am Aug 24, 2009 1:26am
Quoting jarroo
Let's see if this little poodle PB is in for a little run.
These dogs just don't hunt.

As you can see, this is an example of a non-hard break (orange). lol (see hourly chart)

Now it still may work out because I do like the confluenced location. But no hard break and I'm out.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,848
  • Aug 24, 2009 1:33am Aug 24, 2009 1:33am
Hello again,

Just browsing and one chart that caught my eye was GBPCHF on D1.

I know its early doors Monday but I will be monitoring price action at the current area for a signal to suggest that prices are ready to move higher in the direction of the longer term trend.

IB possibly forming at the lower PPZ in 1.7450 area.
Longer term trend is up.
Plenty space to run up to mid PPZ above at 1.7750.

Opinions welcome.

Boca
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  • #41,849
  • Aug 24, 2009 1:40am Aug 24, 2009 1:40am
Quoting Bocajunior
Hello again,

Just browsing and one chart that caught my eye was GBPCHF on D1.

I know its early doors Monday but I will be monitoring price action at the current area for a signal to suggest that prices are ready to move higher in the direction of the longer term trend.

IB possibly forming at the lower PPZ in 1.7450 area.
Longer term trend is up.
Plenty space to run up to mid PPZ above at 1.7750.

Opinions welcome.

Boca
Hey Boca

I definitely agree this is a very important level/ppz. I am not particularly biased to a long or a short as I can see reasons for both to occur. I tried to block of some of the consolidation above us that could make a long very difficult, as well as we are sitting on support to. I love these areas, but I am patient for strong signals. Yes an IB could be an indication of a breakout both long or short too.

Best
Mike
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  • #41,850
  • Aug 24, 2009 3:20am Aug 24, 2009 3:20am
E/J made a quick pullback to 23.6% fib and 135.35 minor S/R this morning. Would like to see a retest of 135 before considering adding, but both U/J and G/J looks firm in early european trade. Watch TL above 136.
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Always wait for the opportune moment… just be careful not to miss it.
  • #41,851
  • Aug 24, 2009 3:25am Aug 24, 2009 3:25am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
mind lending me your points of entry, sl and exit, jarroo? given the pin on such a nice confl location, the trade must have been managed in a much challenging manner, skill of high level has to be learnt, jarroo.

meanwhile, I get into a little adventure just now, wanted to make sure I am acting upon a correct understanding of the technique, I think probably I am reading the material as it is supposed to be read in this thread, maybe no??

here they are, jarroo, I am on a free trade now, both stops are at BE





Quoting jarroo
These dogs just don't hunt.

As you can see, this is an example of a non-hard break (orange). lol (see hourly chart)

Now it still may work out because I do like the confluenced location. But no hard break and I'm out.
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  • #41,852
  • Edited 4:18am Aug 24, 2009 4:01am | Edited 4:18am
Quoting krue
mind lending me your points of entry, sl and exit, jarroo? given the pin on such a nice confl location, the trade must have been managed in a much challenging manner, skill of high level has to be learnt, jarroo.

meanwhile, I get into a little adventure just now, wanted to make sure I am acting upon a correct understanding of the technique, I think probably I am reading the material as it is supposed to be read in this thread, maybe no??

here they are, jarroo, I am on a free trade now, both stops are at BE
As you saw on my Daily chart of the Eur/Gbp, the confluences of the daily .8700 PPZ, 150 ema and 61.8 Fib. Moving down to the 4 hour time frame, a little bearish PB presented itself from Friday at this level.

My inital entry was below the previous Highs (orange area) about 6 pips below the break of the PB. Stop loss was above the .8700 at 08710. I would keep this stop loss engaged only if a hard strong break ocurred. A hard break did not ocurr so I got out with a -8 pip loss. I'll wait for a bigger dog to stroll by at this great area or I may re-enter at the same entry level.


Not seeing the What, Where, Who and How on your charts that you presented.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,853
  • Aug 24, 2009 4:06am Aug 24, 2009 4:06am
Just something I'm watching. Not trading much 1hr yet...

Josh
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  • #41,854
  • Aug 24, 2009 4:18am Aug 24, 2009 4:18am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
8 pips ! super, jarroo

regarding my charts, simply ignor them, will keep up learning. thank you


Quoting jarroo
As you saw on my Daily chart of the Eur/Gbp, the confluences of the daily .8700 PPZ, 150 ema and 61.8 Fib. Moving down to the 4 hour time frame, a little bearish PB presented itself from Friday at this level.

My inital entry was below the previous Highs (orange area) about 6 pips below the break of the PB. Stop loss was above the .8700 at 08710. I would keep this stop loss engaged only if a hard strong break ocurred. A hard break did not ocurr so I got out with a -8 pip loss. I'll wait for a bigger dog to stroll by at this great area or I may...
  • #41,855
  • Aug 24, 2009 4:26am Aug 24, 2009 4:26am
Quoting krue
8 pips ! super, jarroo

regarding my charts, simply ignor them, will keep up learning. thank you

Is that an Inside Bar on the Aud/Nzd that you took? That IB is a Sunday bar and we ignore them. I like the 1.2200, strong PPZ level.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,856
  • Aug 24, 2009 4:30am Aug 24, 2009 4:30am
Quoting krue
8 pips ! super, jarroo

regarding my charts, simply ignor them, will keep up learning. thank you
Re-entry at the same level.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,857
  • Aug 24, 2009 4:32am Aug 24, 2009 4:32am
Quoting krue
8 pips ! super, jarroo

regarding my charts, simply ignor them, will keep up learning. thank you
hi,do u have the indicator that place round number on the chart?Pls,i need it.Thanks.

ayour2a
  • #41,858
  • Aug 24, 2009 4:35am Aug 24, 2009 4:35am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
the congestion is making a lot of trouble, i was trying to override them, that is obviously a stupid illusion, the pattern is a pattern, has to respect them. a little bit pscho journey on this is required, I think. will come up a solution to recognize them in trade plan.

yeah, sunday bar makes no sense, huhuhuhuhu ==> embarrassed.

Quoting jarroo
Is that an Inside Bar on the Aud/Nzd that you took? That IB is a Sunday bar and we ignore them. I like the 1.2200, strong PPZ level.
  • #41,859
  • Aug 24, 2009 4:44am Aug 24, 2009 4:44am
Quoting krue
the congestion is making a lot of trouble, i was trying to override them, that is obviously a stupid illusion, the pattern is a pattern, has to respect them. a little bit pscho journey on this is required, I think. will come up a solution to recognize them in trade plan.

yeah, sunday bar makes no sense, huhuhuhuhu ==> embarrassed.
Don't be embarrassed. I use to trade them all the time. lol

Yes, the less congestion (traffic) the better. I would like to see how many times Mike posted "there's to much traffic on that one". lol

Less traffic is what we look for which is inherent in a high quality PA setup. That's why we like PA at swing Highs and Lows, less traffic.

A high quality (A+) PA setup can cut through alot of minor traffic.
Indicators show the past. Price Action "Indicates" the future.
  • #41,860
  • Aug 24, 2009 4:52am Aug 24, 2009 4:52am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts


what is your take? TML or still pin?

mine looks like this

Quoting jarroo
Re-entry at the same level.
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