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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

  • #63,521
  • May 12, 2010 8:38am May 12, 2010 8:38am
Quoting slade1986
Thanks for the input guys. I over looked that first PPZ, which it is testing now.
I'm working on predicting "Where is price going".
Hey bro,
it's great isn't it?
the S/R's & PPZs will help us determine where price will go.
so it's just a matter of proper & excellent S/R or PPZ identification & a matter of being online to trade/take advantage of it.
  • #63,522
  • May 12, 2010 8:44am May 12, 2010 8:44am
Quoting nasir.khan
Why??

I think there is some divergence. If you are comparing the bar lows then you'r right but divergence is calculated upon close so if you check closing price there certainly is some divg.

This how i see it and maybe i am wrong.

Btw just talking about divg here. I did't took this trade cause i would've like it at BRN.
.

This is my chart
I calculate the diverences by looking at the minimum
please tell me if I'm wrong
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  • #63,523
  • May 12, 2010 8:45am May 12, 2010 8:45am
Quoting supremeChaos
Hey bro,
it's great isn't it?
the S/R's & PPZs will help us determine where price will go.
so it's just a matter of proper & excellent S/R or PPZ identification & a matter of being online to trade/take advantage of it.

Yea, like alot of us I just wish I would have found the thread first...
  • #63,524
  • May 12, 2010 8:48am May 12, 2010 8:48am
Quoting extraneo
This is my chart
I calculate the diverences by looking at the minimum
please tell me if I'm wrong
I am not sure about the momentum in this case.

Exactly how??
.
  • #63,525
  • May 12, 2010 8:50am May 12, 2010 8:50am
slade1986,
u born in 1986? if so, u are still young (like most of us here ).
dont fret about the would've been's...
just be thankful that NOW u are here.

think of it like A+ trades: there are plenty more ahead (still many more opportunity for u/all of us)
  • #63,526
  • May 12, 2010 8:51am May 12, 2010 8:51am
Quoting nasir.khan
I have no trouble selling below 1.4840 (if current 1H could close below it).
.
Nasir.

I don't see any price action on GBP/CHF H4.

Are you just waiting to see some PA?

PS: Also the 150 EMA us aligning itself with the 38.2 fibo.
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  • #63,527
  • May 12, 2010 9:08am May 12, 2010 9:08am
Quoting nasir.khan
I am not sure about the momentum in this case.

Exactly how??
.

Dear Nasir, here it takes a senior
I do not have much experience...
  • #63,528
  • May 12, 2010 9:11am May 12, 2010 9:11am
Quoting slade1986
Yea, like alot of us I just wish I would have found the thread first...
Well, missed my first target by 6 pips. Closed 50% @ +25 pips, rest stopped at BE
  • #63,529
  • May 12, 2010 9:14am May 12, 2010 9:14am
Quoting Pinbar
Nasir.

I don't see any price action on GBP/CHF H4.

Are you just waiting to see some PA?

PS: Also the 150 EMA us aligning itself with the 38.2 fibo.
I was just showing the location PB. Now its your choice if you want to wait for PA, simply reject it or go against it.
  • #63,530
  • May 12, 2010 9:19am May 12, 2010 9:19am
Quoting nasir.khan
I was just showing the location PB. Now its your choice if you want to wait for PA, simply reject it or go against it.


Ok, I see. I was thinking I was missing something or my broker was not showing the same candles.

Thanks
  • #63,531
  • May 12, 2010 9:21am May 12, 2010 9:21am
Quoting extraneo
Dear Nasir, here it takes a senior
I do not have much experience...
Ooops sorry I confused minimum with momentum.
ok you're saying that you calculate divg by looking at minimum/lows and I am saying that I calculate it by looking at close.
well I am fine with this no problem I think we both will do fine.
  • #63,532
  • May 12, 2010 9:25am May 12, 2010 9:25am
Quoting supremeChaos
slade1986,
u born in 1986? if so, u are still young (like most of us here ).
dont fret about the would've been's...
just be thankful that NOW u are here.

think of it like A+ trades: there are plenty more ahead (still many more opportunity for u/all of us)

I wish. I graduated in 1986, so guess I am "Old" compared to most of you
  • #63,533
  • May 12, 2010 10:13am May 12, 2010 10:13am
the result of a lot of chart time? Perhaps....

PA bars are only 10% of this method.

TRADE AWAY FROM PPZ's, NOT INTO THEM!

AUDUSD i4b trade.
Attached Image
Many choose unhappiness over uncertainty.
  • #63,534
  • May 12, 2010 10:23am May 12, 2010 10:23am
Hey guys,

Took a blind entry long on Cad at the touch of the ppz. Figured with the edge of the TL and a decent ppz it wouldnt go any lower. Still can't figure out if I want to hold onto this or not.
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  • #63,535
  • May 12, 2010 10:36am May 12, 2010 10:36am
Quoting Ghettobuddha
Hey guys,

Took a blind entry long on Cad at the touch of the ppz. Figured with the edge of the TL and a decent ppz it wouldnt go any lower. Still can't figure out if I want to hold onto this or not.
that is also a weekly PPZ that gos WAY back in time. If we get a good daily i4b I may consider it.
Many choose unhappiness over uncertainty.
  • #63,536
  • May 12, 2010 10:50am May 12, 2010 10:50am
First of all, thank you mbqb11 and Jarroo for commenting on my last breakout trade! Here's another trade I took yesterday:

Pro: Daily BEOB on EURUSD below BRN 1.3000, Weekly Pivot, 50%-Fib of last downmove, very minor (red) and major (yellow) PPZ.

Contra: No real swing high, not much space to the left and - depending on where you draw it - just above the recent weekly TL (missed to take that into account when entering the trade).

Still luckily it worked out: Entered 10 pips below BEOB, was over 100 pips in profit (OMG!) and was stopped out at BE after London open.

I may pass a setup like this next time. I think contra outweighs pro. What's your opinion?
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Thanks J16, Sam Seiden, Udine and Jacko
  • #63,537
  • May 12, 2010 10:58am May 12, 2010 10:58am
First target hit. EA closed me out early though.
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  • #63,538
  • May 12, 2010 11:15am May 12, 2010 11:15am
Quoting Dan Gilbert
that is also a weekly PPZ that gos WAY back in time. If we get a good daily i4b I may consider it.
lol you're all about the i4bs these past few weeks
  • #63,539
  • May 12, 2010 11:16am May 12, 2010 11:16am
Quoting Dan Gilbert
the result of a lot of chart time? Perhaps....

PA bars are only 10% of this method.

TRADE AWAY FROM PPZ's, NOT INTO THEM!

AUDUSD i4b trade.
Dan, thank you for the follow up.

I got into this trade, and now have changed my SL and TP so I will either end up with a small gain or a small loss. Either is fine, the trade didn't work like I had planned.

But I did miss the .8880 or .8890 PPZ. Could you explain how you found this PPZ (what made it stand out to you). I was targeting more around my FTA of .8830~.

Thank you for your help!

T.J.
  • #63,540
  • Edited 12:40pm May 12, 2010 11:28am | Edited 12:40pm
Quoting HanSolo
First of all, thank you mbqb11 and Jarroo for commenting on my last breakout trade! Here's another trade I took yesterday:

Pro: Daily BEOB on EURUSD below BRN 1.3000, Weekly Pivot, 50%-Fib of last downmove, very minor (red) and major (yellow) PPZ.

Contra: No real swing high, not much space to the left and - depending on where you draw it - just above the recent weekly TL (missed to take that into account when entering the trade).

[b]Still luckily...
Hey Han

As you can see PA can work in so many LOCATIONS. But then we have to determine the best course of mgmt. I have taken trades at every location you can think of and all I try to do is figure out the best course of mgmt based on that action. These types I think a quick t/p is best or at least getting to b/e faster b/c these are areas for snap backs to occur(as they were the last true demand). So traders watch it in that manner.

Best
Mike
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