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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

  • #58,561
  • Mar 18, 2010 7:47am Mar 18, 2010 7:47am
Quoting lovejoy80
Thanks - spent the last few hours reading all your posts to learn a bit more

WOW.... I never thought that some could learn from my posts,hope you didn't laught to much because I may say a lot of crap along my journey, always trying to improve my skills and learn.

But now I'm at one point where I can decide for myself and have my one thoughts. You have the freedom to be YOURSELF

all the best!!

Ps: don't forget the seniors post,you will find a lot of wisdom
  • #58,562
  • Mar 18, 2010 7:48am Mar 18, 2010 7:48am
Quoting KissFan
Looks like a good trade once it breaks. More reasons to buy than just the bar too. I have been watching on all my feeds for something concrete on the 1 hr to go long a little early but nutt'n yet.

K.I.S.S.
Yeah, I also like that the Daily is making higher Lows.
Indicators show the past. Price Action "Indicates" the future.
  • #58,563
  • Mar 18, 2010 7:49am Mar 18, 2010 7:49am
Quoting jarroo
How does this PB look? What do you guys think?
Pending buy stop.

EURAUD might give us something nice on its way down to 1.48..
  • #58,564
  • Mar 18, 2010 7:51am Mar 18, 2010 7:51am
Quoting jarroo
How does this PB look? What do you guys think?

looks more than enough to pull the trigger

all the best!
  • #58,565
  • Mar 18, 2010 7:52am Mar 18, 2010 7:52am
Quoting jarroo
How does this PB look? What do you guys think?
Your chart is missing a little thing you were telling me about at Gold charts.lol
.
P.S i will ADD more to my long from 122.85.
.
  • #58,566
  • Mar 18, 2010 7:52am Mar 18, 2010 7:52am
Quoting jarroo
How does this PB look? What do you guys think?
Two of my data feeds do not show a PB (as discussed last time, good setups tend to be present on most data feeds).

H1 picture does not scream that the price is ready to move up. Plus there are some TLs on D1 and H4. (And it could be another Bear flag on D1).

On that basis, I'd pass.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EJ_H1.png Size: 32 KB
Attached Image
One Chart is Worth Ten Thousand Words.
  • #58,567
  • Mar 18, 2010 7:57am Mar 18, 2010 7:57am
Quoting neutro
Pending buy stop.

EURAUD might give us something nice on its way down to 1.48..
Anything else?
Indicators show the past. Price Action "Indicates" the future.
  • #58,568
  • Mar 18, 2010 7:59am Mar 18, 2010 7:59am
Quoting triger88990
looks more than enough to pull the trigger

all the best!
There is room for a buffer before the 1st TP but the space could be better. But . . .yes, enough room.
Indicators show the past. Price Action "Indicates" the future.
  • #58,569
  • Mar 18, 2010 8:00am Mar 18, 2010 8:00am
Quoting nasir.khan
Your chart is missing a little thing you were telling me about at Gold charts.lol
.
P.S i will ADD more to my long from 122.85.
.
Different levels of Fib ret. Check.
Indicators show the past. Price Action "Indicates" the future.
  • #58,570
  • Mar 18, 2010 8:01am Mar 18, 2010 8:01am
Quoting Forex007
Two of my data feeds do not show a PB (as discussed last time, good setups tend to be present on most data feeds).

H1 picture does not scream that the price is ready to move up. Plus there are some TLs on D1 and H4. (And it could be another Bear flag on D1).

On that basis, I'd pass.
I like looking up on the time frames not down for more info, but valid points 007.
Indicators show the past. Price Action "Indicates" the future.
  • #58,571
  • Edited 9:44am Mar 18, 2010 8:02am | Edited 9:44am
Quoting Forex007
Two of my data feeds do not show a PB (as discussed last time, good setups tend to be present on most data feeds).

H1 picture does not scream that the price is ready to move up. Plus there are some TLs on D1 and H4. (And it could be another Bear flag on D1).

On that basis, I'd pass.

you are partially right

if you would try to look beyond the bar,to understand why someone would buy there,and the reasons why it developed there you will have another perspective

Anyway is just my opinion and how I try to look at the market and it may be not accordingly with the principles of this thread

just my view

all the best!!
  • #58,572
  • Mar 18, 2010 8:03am Mar 18, 2010 8:03am
Quoting triger88990
WOW.... I never thought that some could learn from my posts,hope you didn't laught to much because I may say a lot of crap along my journey, always trying to improve my skills and learn.

But now I'm at one point where I can decide for myself and have my one thoughts. You have the freedom to be YOURSELF

all the best!!

Ps: don't forget the seniors post,you will find a lot of wisdom
It was a good read...it was interesting to read your journey from the beginning to becoming a live trader...you have obviously travelled very far in a very short time frame...but certainly put in the long hours to get to where you are now. I also know you like to trade the way Rac does and I'm half way through his posts (there is a tad few more to read isn't there! lol) and thought reading yours in one go can't hurt...not quite getting it all yet, but I'll get there...plus there was a few references to other threads which I've bookmarked for reading...the education never stops
  • #58,573
  • Mar 18, 2010 8:06am Mar 18, 2010 8:06am
Quoting jarroo
Anything else?
I'm sleepy?
  • #58,574
  • Mar 18, 2010 8:09am Mar 18, 2010 8:09am
Quoting jarroo
I like looking up on the time frames not down for more info, but valid points 007.
If you draw a TL on H4, that's what it looks like on D1...
Attached Image
One Chart is Worth Ten Thousand Words.
  • #58,575
  • Mar 18, 2010 8:10am Mar 18, 2010 8:10am
Quoting jarroo
How does this PB look? What do you guys think?
That 123.00 is a pretty strong PPZ area and price was strongly rejected from the area indicating the bulls are still on control around this area. We have divergence and 50 / 61.8% retracement from recent swing...1st trouble area 124 with those highs just above 125 an obvious TP target area. Dow making new yearly highs too.
  • #58,576
  • Mar 18, 2010 8:13am Mar 18, 2010 8:13am
Quoting neutro
I'm sleepy?
lol

The 123.25ish is a Daily PPZ level which on the 4 hour is at the left eye of the PB so that makes sense. PPZ levels are very important.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpydaily418a.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #58,577
  • Mar 18, 2010 8:14am Mar 18, 2010 8:14am
Quoting lovejoy80
I'm trying to learn some more advanced techniques in my trading ... and analyse the charts in more depth witha view to spotting trend changes and adding additional positions as a trend develops.

I'm half decent and trading PA at coinfluenced areas on the daily, 4H and 1H time frames but found upon review that I exit winning positions too often and miss further opportunities to add my original position and vreat some nice %R returns. (also trying to learn the Rac, Trigger, Nasir style of trading too but this will take longer!)

I've got three positions...
Update - actually added a 4th position base don the 5min chart...Price touched the TL and I scrolled down the time frames to look how it reacted and we got a really nice PB with divergence... price is struggling to break the 1.6200 area at the moment.
Attached Image (click to enlarge)
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  • #58,578
  • Mar 18, 2010 8:15am Mar 18, 2010 8:15am
Quoting Forex007
If you draw a TL on H4, that's what it looks like on D1...
Nice, a confluence of higher time frames.
Indicators show the past. Price Action "Indicates" the future.
  • #58,579
  • Mar 18, 2010 8:16am Mar 18, 2010 8:16am
Quoting supremeChaos
StoragePro,
LOL.
now let's see Sir Bemac have his say on this.
skydiving, Sir Bemac? (& the other 'seniors' down there)
Closest I got was ParaSailing in Mazatlan Mexico. What a blast until I found out, the next day, that the boat behind me slammed some gal into the 15th floor of a beach hotel. I'm Done trying to kill myself thank you.
  • #58,580
  • Mar 18, 2010 8:18am Mar 18, 2010 8:18am
Quoting lovejoy80
That 123.00 is a pretty strong PPZ area and price was strongly rejected from the area indicating the bulls are still on control around this area. We have divergence and 50 / 61.8% retracement from recent swing...1st trouble area 124 with those highs just above 125 an obvious TP target area. Dow making new yearly highs too.
Very nice. I like it.
Indicators show the past. Price Action "Indicates" the future.
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