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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

  • #62,801
  • May 5, 2010 3:26pm May 5, 2010 3:26pm
for ghouse, and anyone else who likes IPBs
Attached Image
Many choose unhappiness over uncertainty.
  • #62,802
  • May 5, 2010 3:36pm May 5, 2010 3:36pm
Quoting lovejoy80
This is the first daily setup i've taken for a fair while...it's one of those that I just set an order, SL and TP and just leave.

BEOB @ a swing high with divergence....an obvious FTA to take full profit.

Advanced entry would have been on a retracement of the BEOB up to the marked PPZ, but I preferred to keep this one simple and just increase the amount at risk...these setups are real simple and havea very high probability of hitting their FTA IMO
Nice job! I took this one too, but got stopped at B/E. almost as soon as my stop got moved to B/E, I got stopped out.
Many choose unhappiness over uncertainty.
  • #62,803
  • May 5, 2010 3:37pm May 5, 2010 3:37pm
Quoting Dan Gilbert
for skepticals.
one word: buffer
  • #62,804
  • May 5, 2010 3:41pm May 5, 2010 3:41pm
Quoting neutro
one word: buffer
mehhhhh..... hindsight, yes.... I have seen too many times price does actually make it to that round number first, then shoots down. I would say this particular trade is an exception.
Many choose unhappiness over uncertainty.
  • #62,805
  • May 5, 2010 3:42pm May 5, 2010 3:42pm
Hey Mikey and Jarroo.....I missed you guys
  • #62,806
  • May 5, 2010 3:44pm May 5, 2010 3:44pm
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
Sure Yania.

PPZ levels can usually be found at the top and bottom of these areas of heavy consolidation.
These are the ones I found that standout on the Weekly and Daily. There may be others.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdchfdd.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #62,807
  • May 5, 2010 3:45pm May 5, 2010 3:45pm
Quoting jarroo
Sure Yania.

PPZ levels can usually be found at the top and bottom of these areas of heavy consolidation.
These are the ones I found that standout on the Weekly and Daily. There my be others.
Jarroo, are you still in your weekly bullish pin bar?
Many choose unhappiness over uncertainty.
  • #62,808
  • May 5, 2010 3:52pm May 5, 2010 3:52pm
Quoting Dan Gilbert
Jarroo, are you still in your weekly bullish pin bar?
Sadly no. I rode that 2nd half for a long time. I got out at the 1.0810. I should have added on the 1.0500. It was a fun little trade.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #62,809
  • May 5, 2010 3:58pm May 5, 2010 3:58pm
Quoting tehuringa
Hey Mikey and Jarroo.....I missed you guys
Ozzie Ozzie Ozzie, Oy Oy Oy

Indicators show the past. Price Action "Indicates" the future.
  • #62,810
  • May 5, 2010 4:01pm May 5, 2010 4:01pm
Quoting tehuringa
Hey Mikey and Jarroo.....I missed you guys

we missed ya bud! Enough of living the dream over there! back to work
  • #62,811
  • May 5, 2010 4:02pm May 5, 2010 4:02pm
Quoting Dan Gilbert
mehhhhh..... hindsight, yes.... I have seen too many times price does actually make it to that round number first, then shoots down. I would say this particular trade is an exception.
That's what we call option protection at its finest
  • #62,812
  • May 5, 2010 4:04pm May 5, 2010 4:04pm
Quoting jarroo
Sure Yania.

PPZ levels can usually be found at the top and bottom of these areas of heavy consolidation.
These are the ones I found that standout on the Weekly and Daily. There may be others.
Hey Jarroo,

Thanks for the replay, I appreciate it.

I don't really know your trading style, do you take interday trades of those PPZ (monthly, weekly, daily).

if not, what TF do you usually trade ?

thx,
Yaniv
  • #62,813
  • May 5, 2010 4:11pm May 5, 2010 4:11pm
Quoting (Yaniv)
Hey Jarroo,

Thanks for the replay, I appreciate it.

I don't really know your trading style, do you take interday trades of those PPZ (monthly, weekly, daily).

if not, what TF do you usually trade ?

thx,
Yaniv
Mainly the Weekly, Daily and 4 Hour. Also the 8 Hour and 12 Hour but I don't post many of those here. I look at the Hourly mainly for how Price is behaving around setups. When I do take an intraday trade, the Weekly and Daily PPZ levels are totally involved.
Indicators show the past. Price Action "Indicates" the future.
  • #62,814
  • May 5, 2010 4:14pm May 5, 2010 4:14pm
Quoting jarroo
Mainly the Weekly, Daily and 4 Hour. Also the 8 Hour and 12 Hour but I don't post many of those here. I look at the Hourly mainly for how Price is behaving around setups. When I do take an intraday trade, the Weekly and Daily PPZ levels are totally involved.
Thank you Sir
  • #62,815
  • May 5, 2010 4:24pm May 5, 2010 4:24pm
Quoting mbqb11
That's what we call option protection at its finest
I'm so happy I actually know what you're talking about

Thanks mike.
Many choose unhappiness over uncertainty.
  • #62,816
  • May 5, 2010 4:26pm May 5, 2010 4:26pm
Nice Big PB on the 4 Hour Cad . . . Target Hit. Any questions?
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Indicators show the past. Price Action "Indicates" the future.
  • #62,817
  • May 5, 2010 4:29pm May 5, 2010 4:29pm
Quoting jarroo
Nice Big PB on the 4 Hour Cad . . . Target Hit. Any questions?

Your answers are here:

http://www.forexfactory.com/showpost...ostcount=15568
Indicators show the past. Price Action "Indicates" the future.
  • #62,818
  • May 5, 2010 4:30pm May 5, 2010 4:30pm
50% fibs have been handy on gold


Gold chart:
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Many choose unhappiness over uncertainty.
  • #62,819
  • May 5, 2010 4:32pm May 5, 2010 4:32pm
Something very strange just happened and I'm busting my nuts trying to figure it out. This entire day I had my GBPCHF chart up and the 365 EMA lined up exactly with the arrows in the chart below. Somehow now it doesn't.

Anyone know what's that about? Does your 365 line up with them or is it like it's drawn now on my chart?
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  • #62,820
  • May 5, 2010 4:37pm May 5, 2010 4:37pm
Quoting Dan Gilbert
50% fibs have been handy on gold


Gold chart:
50 fib, trendline and PPZ. That's gotta be worth some bucks. Pullback to the trendline would have been a real deal.
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