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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

  • #57,721
  • Mar 9, 2010 10:48pm Mar 9, 2010 10:48pm
Quoting joelcf
Completely agree, I wouldnt touch it. I just meant that it has been the SNB supporting the 4630-4620ish level, so they havent really left the market


This is what happens when I have a slow day and explore FF a bit too much: http://www.forexfactory.com/showthread.php?t=108462

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It's hard to tell who is being serious and who is just a complete crackpot.
lol, does that mistic work?
  • #57,722
  • Mar 9, 2010 10:50pm Mar 9, 2010 10:50pm
Quoting CrudeCraig
I know nothing about options writing but my point was that by what price is telling us there isn't much of anything going on with this pair at the moment.
i think what Sir joelcf meant is that price is being held or corralled by options (another way of saying the above)
  • #57,723
  • Mar 9, 2010 11:00pm Mar 9, 2010 11:00pm
Quoting joelcf
Completely...
This is what happens when I have a slow day and explore FF a bit too much: http://www.forexfactory.com/showthread.php?t=108462
....
LOL... the 'waiting bug' bit u too huh

i've been to that thread in the recent past.
it's easy to dismiss stuff such as this.
i havent researched it yet (i take on too much at the same time, lol), but personally i believe the planets, the sun, moon etc have an effect on earth & human beings, visible/known (effects) or not.
  • #57,724
  • Mar 9, 2010 11:05pm Mar 9, 2010 11:05pm
Quoting supremeChaos
LOL... the 'waiting bug' bit u too huh

i've been to that thread in the recent past.
it's easy to dismiss stuff such as this.
i havent researched it yet (i take on too much at the same time, lol), but personally i believe the planets, the sun, moon etc have an effect on earth & human beings, visible/known (effects) or not.
Its important to ask the fairies at the bottom of the garden if you should be in the trade too. And never forget the power of a good spell over the market.

A nods as good as a wink
  • #57,725
  • Mar 9, 2010 11:07pm Mar 9, 2010 11:07pm
Quoting joelcf
Completely agree, I wouldnt touch it. I just meant that it has been the SNB supporting the 4630-4620ish level, so they havent really left the market... didnt mean to sound abrupt


This is what happens when I have a slow day and explore FF a bit too much: http://www.forexfactory.com/showthread.php?t=108462

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It's hard to tell who is being a clown and who is just a complete crackpot.
It's all good were on the same page

lol i think i will sell when the SF bay hits high tide! Yep that will surely be a winner!
  • #57,726
  • Mar 9, 2010 11:09pm Mar 9, 2010 11:09pm
Quoting supremeChaos
i think what Sir joelcf meant is that price is being held or corralled by options (another way of saying the above)
pretty much. i updated it to make actual sense, now that I have a keyboard and such.

Quoting CrudeCraig
i think i will sell when the SF bay hits high tide! Yep that will surely be a winner!
lol, please link us to your $129.95 trading system ebook (+ $299 for MT4 EA). Will PM you my mastercard #
When you have to shoot, shoot. Dont talk.
  • #57,727
  • Mar 9, 2010 11:13pm Mar 9, 2010 11:13pm
Quoting supremeChaos
LOL... the 'waiting bug' bit u too huh

i've been to that thread in the recent past.
it's easy to dismiss stuff such as this.
i havent researched it yet (i take on too much at the same time, lol), but personally i believe the planets, the sun, moon etc have an effect on earth & human beings, visible/known (effects) or not.
Yes I believe too but this stuff looks like people are searching for the holy grail way too far form themselves. It may work for someone, its just a method and very complicated for me.
  • #57,728
  • Mar 9, 2010 11:15pm Mar 9, 2010 11:15pm
Get into my position and see how thing's happening...
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Back to the beginning ... demo
  • #57,729
  • Mar 9, 2010 11:21pm Mar 9, 2010 11:21pm
Quoting kiwi_trader
Its important to ask the fairies at the bottom of the garden if you should be in the trade too. And never forget the power of a good spell over the market.

A nods as good as a wink
first time i've heard of this saying (so thank you Sir):
A nods as good as a wink

i hope it's a good thing
  • #57,730
  • Mar 9, 2010 11:23pm Mar 9, 2010 11:23pm
Quoting datogio
Yes...its just a method and very complicated for me.
yes, it's too complicated for my currently malnourished brain too, so i'll probably read more in the near future.
  • #57,731
  • Mar 10, 2010 12:04am Mar 10, 2010 12:04am
Quoting jarroo
The Weekly Gbp/Usd PB has yet to be broken and is still ever much in play in my book. I saw the break of the Daily BUOB (in white) as an early entry to the weekly PB. As we know, a Price Action Setup has inherent momentum build in to it. The higher the quality of the setup, the higher the momentum. The Daily BUOB showed me the potential bullish momentum.

The left eye of the weekly PB tends to act (not all the time) as nice Support level in the case of a bullish PB. On the Daily chart, this level shows the Daily Highs acting as Resistance (purple...
Wondering how you did on the Gj weekly scalp Jim?
I believe . . .
  • #57,732
  • Mar 10, 2010 12:10am Mar 10, 2010 12:10am
Quoting ghous
Wondering how you did on the Gj weekly scalp Jim?
Same approach but resulted in a much smaller loss. As with the other trades, I was looking for the hard break that doesn't look back. Well, it looked back and stop me out rather quickly.
Indicators show the past. Price Action "Indicates" the future.
  • #57,733
  • Mar 10, 2010 12:17am Mar 10, 2010 12:17am
Quoting jarroo
Same approach but resulted in a much smaller loss. As with the other trades, I was looking for the hard break that doesn't look back. Well, it looked back and stop me out rather quickly.
yes it acted strange, usually there are high momentum breaks early on mondays. You're not alone brother I lost too on that one
  • #57,734
  • Edited 12:59am Mar 10, 2010 12:23am | Edited 12:59am
Quoting datogio
yes it acted strange, usually there are high momentum breaks early on mondays. You're not alone brother I lost too on that one
The quality of that setup was shaky at best. I thought I'd give a low risk, low percentage go at it. I seem to do that to remind me why waiting for a great setup is just that . . .great.

Mondays do seem to set the trend for the week from time to time.
Indicators show the past. Price Action "Indicates" the future.
  • #57,735
  • Mar 10, 2010 12:24am Mar 10, 2010 12:24am
Just like big man Jim teaches. And some personal touches.
Thought I'd share it.
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One Mind, Any Market
  • #57,736
  • Mar 10, 2010 12:28am Mar 10, 2010 12:28am
Quoting Cyrus
Just like big man Jim teaches. And some personal touches.
Thought I'd share it.
Very nice.

Now that's a break that doesn't look back. I find that having zero drawdown on a break are very easy to manage. lol
Indicators show the past. Price Action "Indicates" the future.
  • #57,737
  • Mar 10, 2010 12:31am Mar 10, 2010 12:31am
Quoting datogio
I doubt that anybody is surprised why this PB failed or did it fail at all. the price went where it was supposed to.

This is why it failed from pure technical point of view.
1. it was against the trend.
2. it bounced from the air, can anyone see any interesting zone near the top of the PB?
3. the strength of the bounce was nothing compared to the previous bars and at last the first trouble area is clearly seen even on daily TF. it was right under the bottom of the PB there's a strong confluence on 4H time frame.

Everything comes to the...
Notice on a couple of charts that the pin shows a lower close, on mine it is a higher close?

Thanks

Jeremy
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  • #57,738
  • Mar 10, 2010 12:57am Mar 10, 2010 12:57am
Quoting jspeakman
Notice on a couple of charts that the pin shows a lower close, on mine it is a higher close?

Thanks

Jeremy
On IBFX and FXpro it was a pin bar, different brokers have different charting because of the time zone difference, this is true for forex charts above 1H time frame.

Hope thats what interested you Jeremy.
  • #57,739
  • Mar 10, 2010 1:06am Mar 10, 2010 1:06am
Quoting datogio
On IBFX and FXpro it was a pin bar, different brokers have different charting because of the time zone difference, this is true for forex charts above 1H time frame.

Hope thats what interested you Jeremy.
Thanks for that - although I use FXPRO in UK so presume its time difference.

Jeremy
  • #57,740
  • Mar 10, 2010 1:12am Mar 10, 2010 1:12am
Quoting jspeakman
Thanks for that - although I use FXPRO in UK so presume its time difference.

Jeremy
Her's my fxpro, the same story, pb cloosed 2 pips below the left eye
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