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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

  • #58,181
  • Mar 14, 2010 11:54pm Mar 14, 2010 11:54pm
Quoting jarroo
The hard break through the 1.0200 is a good indication to me that Price is smelling the 1.0000 big time.
The market likes to seek out where the action is, that is all I wait for
  • #58,182
  • Mar 14, 2010 11:56pm Mar 14, 2010 11:56pm
Quoting mbqb11
The market likes to seek out where the action is, that is all I wait for
The Big Round Numbers are definitely your trademark Mike. And they are for a reason . . they work.
Indicators show the past. Price Action "Indicates" the future.
  • #58,183
  • Mar 15, 2010 12:00am Mar 15, 2010 12:00am
Quoting jarroo
The Big Round Numbers are definitely your trademark Mike. And they are for a reason . . they work.

As more I go further with my knowledge as more I understand why this numbers are importantit is really easy way Mike love them

all the best!!
  • #58,184
  • Mar 15, 2010 12:36am Mar 15, 2010 12:36am
Quoting ppfx
Ive just spotted this interesting situtation on gold. I think that IF it breaks the 1100 it has a good chance to go till 1073. I know that the daily BEOB wasnt at a swing high, but still i like the 1100.00

Anyway i wont take it, i will only take a close look at it, since i havent been trading for almost a month now and i dont want to jump at a first opportunity that i see. Ive done that i few times when i was at vacation and i didnt trade and even looked at the charts for a week or two and then when i come back to trading and saw the...

Well in the first place i would like it to hit the TL+ (so so) PPZ and go through the BRN.
Well i know the PPZ i have drawn is not the best one but i like way price fell hard (2 big red bars) and look at those retracement (small) bars.

If this plan fails then i would like to see some PA on 50 or 61.
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  • #58,185
  • Mar 15, 2010 12:44am Mar 15, 2010 12:44am
Quoting nasir.khan
Well in the first place i would like it to hit the TL+ (so so) PPZ and go through the BRN.
Well i know the PPZ i have drawn is not the best one but i like way price fell hard (2 big red bars) and look at those retracement (small) bars.

If this plan fails then i would like to see some PA on 50 or 61.
.
That's Nice.
.

Deja Vu
..
.
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  • #58,186
  • Mar 15, 2010 12:57am Mar 15, 2010 12:57am
Quoting nasir.khan
That's Nice.
.

Deja Vu
..
.
And if Gold falls..........

Where's Mike.
.
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  • #58,187
  • Mar 15, 2010 12:58am Mar 15, 2010 12:58am
nice cherry pin forming on AUDNZD H1.

61.8% fib (not drawn), ascending trendline, BRN, PPZ, a little bit of divergence.
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  • #58,188
  • Mar 15, 2010 1:17am Mar 15, 2010 1:17am
And who trades OIL here.
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  • #58,189
  • Mar 15, 2010 1:23am Mar 15, 2010 1:23am
And the last one.
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  • #58,190
  • Mar 15, 2010 3:03am Mar 15, 2010 3:03am
GU is getting hammered... That 5 min pin was a real gold mine. 10R in 3 hours. 2% R on a large account would have transformed in a nice house somewhere.

(that's the weekly buy that you see up there)
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  • #58,191
  • Mar 15, 2010 3:05am Mar 15, 2010 3:05am
Quoting nasir.khan
And who trades OIL here.
.
I even had some PA on my chart to too

http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E
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  • #58,192
  • Mar 15, 2010 3:36am Mar 15, 2010 3:36am
Another half hour until the next H4 candle on this pullback setup, USD/SGD. (11am GMT).

1. Nice Bearish Pin.
2. Off PPZ
3. At swing high
4. With trend.
5. Off descending TL

Price is heading into a major PPZ at the recent bar lows, so that would be my first trouble area. If it goes in my favour, I'll take half off if price stalls around that zone, move stop to breakeven and let the rest ride with a trailing stop.

...
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  • #58,193
  • Mar 15, 2010 3:36am Mar 15, 2010 3:36am
eg BUOB at 1H support
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  • #58,194
  • Mar 15, 2010 3:48am Mar 15, 2010 3:48am
Quoting lovejoy80
I even had some PA on my chart to too

http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E
yep me to.
.
  • #58,195
  • Mar 15, 2010 4:13am Mar 15, 2010 4:13am
Quoting takingthepip
Another half hour until the next H4 candle on this pullback setup, USD/SGD. (11am GMT).

1. Nice Bearish Pin.
2. Off PPZ
3. At swing high
4. With trend.
5. Off descending TL

Price is heading into a major PPZ at the recent bar lows, so that would be my first trouble area. If it goes in my favour, I'll take half off if price stalls around that zone, move stop to breakeven and let the rest ride with a trailing stop.

...
Update. The latest candle has opened above the TL, so not looking good at the moment.
  • #58,196
  • Mar 15, 2010 6:09am Mar 15, 2010 6:09am
Quoting nasir.khan
And the last one.
.
So here we are.

Now raise your hands who wan't to take this 4H PB.

No One??????????!!!!!!!

Ok how about Break of (1H)

IB+TL+BRN.
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  • #58,197
  • Mar 15, 2010 6:16am Mar 15, 2010 6:16am
Quoting nasir.khan
So here we are.

Now raise your hands who wan't to take this 4H PB.

No One??????????!!!!!!!

Ok how about Break of (1H)

IB+TL+BRN.
.

Did anyone noticed that how easily you could trade those ranging markets.

If you know where your PPZ's are.
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  • #58,198
  • Mar 15, 2010 6:26am Mar 15, 2010 6:26am
Ok here's another 8H + Daily PIN.

To much noise just below!!!!!!!!!!

But a hard brake could be decisive in this case.

Right Jarroo?
.
PS. Spoiled the thread to much today, i think that's enough for 2 weeks quota.
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  • #58,199
  • Mar 15, 2010 6:33am Mar 15, 2010 6:33am
Quoting nasir.khan
Ok here's another 8H + Daily PIN.

To much noise just below!!!!!!!!!!

But a hard brake could be decisive in this case.

Right Jarroo?
.
PS. Spoiled the thread to much today i think that's enough for 2 weeks quota.
.
Yes, that would be decisive for hard break to cut through that noise.

So what would an indecisive or weak break tell you? The uptrend is pretty strong or a consolidation period is forming.
Indicators show the past. Price Action "Indicates" the future.
  • #58,200
  • Mar 15, 2010 6:47am Mar 15, 2010 6:47am
Quoting jarroo
Yes, that would be decisive for hard break to cut through that noise.

So what would an indecisive or weak break tell you? The uptrend is pretty strong or a consolidation period is forming.
Well here is the complete picture. !!!(of my plan)!!!

When Gold hit's 1100 or 1098. I would like AU and AJ hanging around 9070 and 81.30 respectively.

So if Double Bottom + DIV in Gold chart works out and sends it back to test the TL+PPZ. AU and AJ would barely make it back to 9110 and 82.20. ( a minor retracment)

But if they don't even brake 9110 and 82.20. (gold hitting 1100 or 1098 in same time it would be the trend or range again.)
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