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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

  • #62,721
  • May 5, 2010 5:37am May 5, 2010 5:37am
Quoting tehuringa
G'day all....haven't dropped by for a while but nice to see plenty of new faces in this thread....and of course nice to see all those crusty old faces that I've grown to love too
Who are you calling crusty?

Good to see you Dave, how's things?
  • #62,722
  • May 5, 2010 5:44am May 5, 2010 5:44am
Quoting TiaForex
Who are you calling crusty?

Good to see you Dave, how's things?
Hey good to see you TF,

Things are good...about to ease back into some trading after some time in Spain & France.....see if I can remember how to do this %$^#!

How's things with you?
  • #62,723
  • May 5, 2010 5:45am May 5, 2010 5:45am
Quoting neutro
I don't see so many obvious weekly PPZs.

You shouldn't skip the task because it's a hard one. Always have a go at it. So stick with weekly until you have it solved. Keep in mind that montly ppzs are stronger then weekly which in turn are stronger than daily. So don't skip weekly

Well, ehh...I think I will have to clear the weekly chart and reboot my mind.

I will be back.
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  • #62,724
  • May 5, 2010 5:58am May 5, 2010 5:58am
I'd clear your chart Pinbar and put on a nice round number....say 140.00...see how that area is acting like a fulcrum....price seems attracted to it, or repelled by it like a magnetic force....a lot of power in those juicy round numbers....again it is a zone where you can expect something to happen.
  • #62,725
  • May 5, 2010 6:03am May 5, 2010 6:03am
Quoting Pinbar
Well, ehh...I think I will have to clear the weekly chart and reboot my mind.

I will be back.
This is for you Pin Bar.
.
I am not a master at this but maybe this could help.

First look at Monthly chart. First i would mark a Pivot near the price then one/two below it and above it.

Next i go down to the Weekly and watch out if i could find more and i added two more PPZ's (blue ones).

In the end see the Daily chart. Ok almost the crucial pivot are covered but there are some high/lows left which could stop our trades but not so good for starting new trades (Light Blue Rectangles).

I know i have drawn to many of them but i can't help it, it's clearly a ranging market.

Ok now let me compare my charts with Jarroo's.
.
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  • #62,726
  • May 5, 2010 6:07am May 5, 2010 6:07am
Quoting tehuringa
Hey good to see you TF,

Things are good...about to ease back into some trading after some time in Spain & France.....see if I can remember how to do this %$^#!

How's things with you?
All going well thanks Dave, just trading away here. The more I do it the less there seems to talk about. Glad to see you back.

And it's like riding a bike. You never forget....
  • #62,727
  • May 5, 2010 6:11am May 5, 2010 6:11am
Quoting nasir.khan

Ok now let me compare my charts with Jarroo's.
.
Ohhhh yea i win i have more then him.

Just kidding.lol

His chart is cleaner (i hope that's a word) .
.
  • #62,728
  • May 5, 2010 6:13am May 5, 2010 6:13am
Quoting Pinbar
I think you were right Neutro, I am drawing too many.
...
i found it.
here's an alternative view: Blackeagle's way of drawing S/R
http://www.forexfactory.com/showpost...postcount=7738
he made 6 consecutive posts.

hope this helps some of you
  • #62,729
  • May 5, 2010 6:17am May 5, 2010 6:17am
Quoting jarroo
Hey PB. ( gotta like that user name)


Start on the Weekly and Daily charts to locate your PPZ levels. These levels are much stronger then the lower time frame PPZ level, like the 4 Hour. If you have a setup on the 4 hour time frame, then Yes, you shoudld be aware of these levels on that time frame.

We can go over some PPZ level placements if you want.
Hey Jarroo,

Is it possible for you to mark the MAJOR weekly PPZ from the start of 2010 with regards to the USDCHF chart?

I'm asking cause price was in heavy consolidation and it's kinda hard (for me) to spot those PPZ levels.

thx,
Yaniv
  • #62,730
  • May 5, 2010 6:24am May 5, 2010 6:24am
Thanks Nasir & Supreme Chaos.

Did you people also go through the Bird Cage stage.

Ok, here is the weekly after the mental reboot.
Actually, it was more of zooming out.

Comments welcome folks.

I will check out that link SC posted in the meantime.
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  • #62,731
  • May 5, 2010 6:25am May 5, 2010 6:25am
Well i don't know if it's been discussed before or not.

Do you people draw your PPZ's

1- Looking Left to right

or

2- Looking Right to left.

I do it looking right to the left.

Ooops did i spilled out the holy grail????
.
  • #62,732
  • May 5, 2010 6:26am May 5, 2010 6:26am
Quoting tehuringa
G'day all....haven't dropped by for a while but nice to see plenty of new faces in this thread....and of course nice to see all those crusty old faces that I've grown to love too
Dave!

Whassup Bro?!?
I believe . . .
  • #62,733
  • May 5, 2010 6:27am May 5, 2010 6:27am
Quoting supremeChaos
i found it.
here's an alternative view: Blackeagle's way of drawing S/R
http://www.forexfactory.com/showpost...postcount=7738
he made 6 consecutive posts.

hope this helps some of you

Thanks SC.

Yes, I was sort of flipping back and fourth between line chart and candles to get a clearer picture.

Maybe.....


Moved down to the Daily, although there are as of yet still no daily PPZ on this chart!!!
Just as well because, I can't find anywhere to put them.
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  • #62,734
  • May 5, 2010 6:28am May 5, 2010 6:28am
Quoting nasir.khan
Well i don't know if it's been discussed before or not.

Do you people draw your PPZ's

1- Looking Left to right

or

2- Looking Right to left.

I do it looking right to the left.

Ooops did i spilled out the holy grail????
.
Start: when in doubt....zoom out, flip chart to a line graph, work from right to left
  • #62,735
  • May 5, 2010 6:29am May 5, 2010 6:29am
Quoting tehuringa
G'day all....haven't dropped by for a while but nice to see plenty of new faces in this thread....and of course nice to see all those crusty old faces that I've grown to love too
yesterday, Tom (the wizard) dropped by.
Now it's u, Dave.
so who's next?
  • #62,736
  • May 5, 2010 6:30am May 5, 2010 6:30am
Quoting (Yaniv)
Hey Jarroo,

Is it possible for you to mark the MAJOR weekly PPZ from the start of 2010 with regards to the USDCHF chart?

I'm asking cause price was in heavy consolidation and it's kinda hard (for me) to spot those PPZ levels.

thx,
Yaniv
USDCHF is 90% EURUSD reversed. 10% is SNB intervention. So you're better off trading EU than UC. Better spreads, no SNB. My opinion...
  • #62,737
  • May 5, 2010 6:31am May 5, 2010 6:31am
Quoting ghous
Dave!

Whassup Bro?!?
Hey Bro...straight back at you

Good to see you Ghous
  • #62,738
  • May 5, 2010 6:32am May 5, 2010 6:32am
Quoting tehuringa
Start: when in doubt....zoom out, flip chart to a line graph, work from right to left


Would a mirror help?



EH, Did someone say, "Right to left".......My calligraphy lessons were like that.
  • #62,739
  • May 5, 2010 6:33am May 5, 2010 6:33am
Quoting Pinbar
Would a mirror help?
No they freak me out....I cant see my reflection in them
  • #62,740
  • May 5, 2010 6:33am May 5, 2010 6:33am
Quoting supremeChaos
yesterday, Tom (the wizard) dropped by.
Now it's u, Dave.
so who's next?
A bit of dark star would be nice.
I believe . . .
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