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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

  • #63,161
  • May 7, 2010 9:14am May 7, 2010 9:14am
Quoting Pinbar
Yes, it is like mapping out hot spots. Now, all I need is the patience to wait for price to come to me rather than chasing it.

Once again thank you for your kindness Jarroo.
A shining example of sharing & caring !
Some people never get that Pb, and you got it in one sentence.

Your welcome buddy.
Indicators show the past. Price Action "Indicates" the future.
  • #63,162
  • May 7, 2010 9:31am May 7, 2010 9:31am
everywhere seems quiet after yday's explosive moves....
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Simplicity is the key to success
  • #63,163
  • May 7, 2010 9:36am May 7, 2010 9:36am
Quoting squeezy
everywhere seems quiet after yday's explosive moves....
Very nice squeezy. That's some Bold PA you got there.
Indicators show the past. Price Action "Indicates" the future.
  • #63,164
  • May 7, 2010 9:57am May 7, 2010 9:57am
Quoting jarroo
Very nice squeezy. That's some Bold PA you got there.
thnx Jim
yup, just the kind of PA shape & size we love to see @ sweet locations....
be + 1 is fine with me....calling it a day, going to go relax
have a lovely weekend guys
Simplicity is the key to success
  • #63,165
  • May 7, 2010 10:01am May 7, 2010 10:01am
Quoting squeezy
thnx Jim
yup, just the kind of PA shape & size we love to see @ sweet locations....
be + 1 is fine with me....calling it a day, going to go relax
have a lovely weekend guys
You too squeez and don't lose that grin on your face this weekend.

Great charts,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #63,166
  • May 7, 2010 10:16am May 7, 2010 10:16am
Quoting Pinbar
Jarroo. would you be kind enough to throw a pair at me for PPZ practice?
Quoting jarroo
Random Price Action formation is not the best way to go. PPZ levels play an important role in each setup.

And you can get even pickier.

Excellent Pinbar.

Like this...

(Good job pb. )
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Bundy's status today: "Waiting..."
  • #63,167
  • May 7, 2010 10:24am May 7, 2010 10:24am
Quoting bundyraider

Like this...

(Good job pb. )
Yeah something like that bundy. But that would be more of a Monthly PPZ . wow . that would be even stronger. (how did I forget the Monthlys )

Edit: Monthly? . .that's a Yearly PPZ level. Double Doh
Indicators show the past. Price Action "Indicates" the future.
  • #63,168
  • May 7, 2010 10:40am May 7, 2010 10:40am
Manage my 15min G/J trade will ya fellas (and gals).

...I'm off to bed.
Bundy's status today: "Waiting..."
  • #63,169
  • May 7, 2010 10:41am May 7, 2010 10:41am
Quoting jarroo
Yeah something like that bundy. But that would be more of a Monthly PPZ . wow . that would be even stronger. (how did I forget the Monthlys )

Edit: Monthly? . .that's a Yearly PPZ level. Double Doh
Don't care if it's monthly or whatever.
Just that that level jumps out over all the rest. More chance of 'runners' off of those.
Bundy's status today: "Waiting..."
  • #63,170
  • May 7, 2010 10:48am May 7, 2010 10:48am
Quoting bundyraider
Don't care if it's monthly or whatever.
Just that that level jumps out over all the rest. More chance of 'runners' off of those.

Absolutely. Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #63,171
  • Edited 11:26am May 7, 2010 11:11am | Edited 11:26am
Quoting Danku
Hey ghous....mind sharing your 12 pairs.....cheers
13 pairs in all

Eu
Gu
Usdchf
Usdcad
Au
UsdSgd
EurJpy
GpyJpy
ChfJpy
AudJpy
EurGbp
GbpChf
Eur/Cad

g.
I believe . . .
  • #63,172
  • May 7, 2010 11:30am May 7, 2010 11:30am
Just scanning this thread - doesnt seem to be much j16/pin trades ??
Whats going on are we still off topic ?

How has the past couple of weeks been, is it just me or have there not been many really good setups
  • #63,173
  • Edited May 8, 2010 12:30pm May 7, 2010 4:24pm | Edited May 8, 2010 12:30pm
Not had time to read through thread today. I'm sure lots of people took this massive BEOB on GBPCHF at 1.6500 BRN, TL(s) and swing high.

Took profit in the circle area on my chart just before lunch today whiich gave a profit I considered worth taking before the weekend although I think this could ultimately go way lower.

Stop loss was just above 1.6700 hidden above the bar highs which gave a 1:1 RR trade to the PPZ I took profit at.


Have a great weekend guys.
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  • #63,174
  • Edited 9:54pm May 7, 2010 8:22pm | Edited 9:54pm
Quoting bundyraider

Like this...

(Good job pb. )

YES!!!!!
Thanks Bundy.

I watched Jim drop a single line amongst all the chaos and it instantly makes everything "Dirt simple".

It always amazes me how people can draw a single line and it is a great PPZ level. This is like art, some people can draw a simple pencil line or calligraphic brush stroke and make it look so simple, yet we know instinctively, that it took years to do that.

I call it, filtering out the Rhubarb.
  • #63,175
  • May 7, 2010 8:50pm May 7, 2010 8:50pm
Just an article that I think is a good read.
  • #63,176
  • Edited 11:24pm May 7, 2010 10:50pm | Edited 11:24pm
I am starting to notice how a good PA candle that was a clear runner on a High TF, seems to show us some good PA in the future, if we place a PPZ line on the High and Low.

What fun this is, and to think I hated drawing PPZ. I think Jarroo and Bundy may have opened a can of worms here. loL
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  • #63,177
  • Edited 12:22am May 8, 2010 12:09am | Edited 12:22am
Quoting Pinbar
I am starting to notice how a good PA candle that was a clear runner on a High TF, seems to show us some good PA in the future, if we place a PPZ line on the High and Low.

What fun this is, and to think I hated drawing PPZ. I think Jarroo and Bundy may have opened a can of worms here. loL
Hold on there cowboy.

Pb, it's great that your looking at past PA at these higher time frame PPZ levels. It's excellent! Keep doing it.

But now we want to be much pickier on the setups that are presented. We want our Bullish PA at swing Lows and Bearish PA at swing High confluencing with PPZ levels and other confluences Like a BRN, 50%, Fib levels, etc.
Why? Because swing High/Lows provides Space or low traffic so that it won't impede or interfere with our trade, when Price breaks.

The BEOBs (in blue) are much better setups to trade. Noitce the 1st one didn't break so that saved us from a big loss. The PPZ levels, when Price broke the 2nd one, were target areas where Price could have turned on us or stalled but price kept going. Mr. Soros had other plans for the Pound at the time.
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Indicators show the past. Price Action "Indicates" the future.
  • #63,178
  • May 8, 2010 12:37am May 8, 2010 12:37am
Quoting Pinbar
I am starting to notice how a good PA candle that was a clear runner on a High TF, seems to show us some good PA in the future, if we place a PPZ line on the High and Low.

What fun this is, and to think I hated drawing PPZ. I think Jarroo and Bundy may have opened a can of worms here. loL

On the 4 Hour Gbp/Usd

Here again, the 1st blue BUOB was a much better setup because it was at a swing low with a PPZ level as support. The 2nd BUOB was at a swing high and would be viewed as a continuation setup. As you can see, they can work out nicely. But they can be risky in the long run. Check out the BUOB in green at the top.

Keep going Pb, your doing great.
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Indicators show the past. Price Action "Indicates" the future.
  • #63,179
  • May 8, 2010 5:09am May 8, 2010 5:09am
Thanks ghous......it is quite interesting that the last three weeks i have been looking at all the pairs i "TRY" to trade and have noticed i need to narrow down to 12....hence the coincidence when i saw u wrote that u trade 12 pairs..............

Been looking at the ADR and comparing with the actual daily movement to narrow down to my 12.......hopefully this weekend i will also share with you my twelve.

Main reason for this is that when i am doing my past week analysis, i feel like biting and hitting myself on the head for being soo stupid for trying to trade 29 Pairs.....when will i even the get the time to look at 29 Pairs and i end up losing and missing VERY GOOD setups yet if i picked about 10 or 12 pairs.....i would make an improvement to my trading........anyway cheers ghous and all.......lovely weekend...............the BRITS....whose your Prime Minister?

Quoting ghous
13 pairs in all

Eu
Gu
Usdchf
Usdcad
Au
UsdSgd
EurJpy
GpyJpy
ChfJpy
AudJpy
EurGbp
GbpChf
Eur/Cad

g.
  • #63,180
  • Edited 6:22am May 8, 2010 6:02am | Edited 6:22am
Quoting Pinbar
I am starting to notice how a good PA candle that was a clear runner on a High TF, seems to show us some good PA in the future, if we place a PPZ line on the High and Low.

What fun this is, and to think I hated drawing PPZ. I think Jarroo and Bundy may have opened a can of worms here. loL
Good. Level found , but you will get better results seeing the following types.... ....(chart)

The better the respect, the better the PPZ for beginning trades...

(edit: Not all pairs/markets are going to give you easy charts to work with like this at any given period of time. Out of all those you pictured in your post, this one was the easy one to trade. ...Now, like jaroo said...Add confluence to the mix and... BAM!)
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Bundy's status today: "Waiting..."
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