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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

  • #63,561
  • May 12, 2010 8:55pm May 12, 2010 8:55pm
Quoting Pinbar
Is there a preferred broker time for PA.

Maybe GMT?


I feel another broker change coming on.

That's something I'm trying to figure out also. I was going to try FXPro, but they don't accept US clients. The FXCM Trade Station has a close time of the close of New York, but I like the ability to use EA's.

So, I'm interested in suggestions also. Especially for US clients.
  • #63,562
  • May 12, 2010 9:01pm May 12, 2010 9:01pm
Quoting slade1986
That's something I'm trying to figure out also. I was going to try FXPro, but they don't accept US clients. The FXCM Trade Station has a close time of the close of New York, but I like the ability to use EA's.

So, I'm interested in suggestions also. Especially for US clients.
Hey Slade

You don't need to chart and trade with the same broker. All 4 brokers I use to chart with I do not trade with. Remember price is still price so we can simply transfer our orders. Charting is simply a view of that price.

Best
Mike
  • #63,563
  • May 12, 2010 9:06pm May 12, 2010 9:06pm
AUD/NZD has been making higher lows throughout this week and higher highs for 3 days now, with price lingering at a major PPZ with BRN and a 23.6% Fib confluence. The past few bars were PB'ish' too. Looking for a break upwards past 1.2539, the highest high this week, with 1.26 as the 1st target.

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AUD/CHF weekly is showing price being resisted at 1.0, which still holds strong from way back time. It has been more than a month now and the bearish PB which is also a BEOB for 4 weeks bar as well as a 76.4% Fib confluence seems to hint a reversal. Looking for a break downwards past 0.975, with 1st target being 0.95.

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  • #63,564
  • May 12, 2010 9:29pm May 12, 2010 9:29pm
EJ is flagging around the 50 fibo and BRN 118.
Double IB and last one is smallest candle in 27 candles.

Just keeping my eye on it.
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  • #63,565
  • May 12, 2010 10:39pm May 12, 2010 10:39pm
Quoting Pinbar
Phew.....This is a REAL tough one.

No matter how I move the lines, it always appears like I need one more line where I drew the RED one.

I do not think this is correct at all.

Quoting jeurre
hey, jarroo, let me participate in the exercise too. am I drawing them in an optimal manner? thanks
Quoting nasir.khan
Can i play too??????...pleaaaaaase. lol
.
Nice job guys.

They all look great.

Here's mine.
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Indicators show the past. Price Action "Indicates" the future.
  • #63,566
  • May 12, 2010 10:52pm May 12, 2010 10:52pm
Quoting jarroo
Nice job guys.

They all look great.

Here's mine.
You used 6 lines Jarroo! LoL

Many thanks for your kind help, it is extremely encouraging.

Any chance of another reasonably hard one, just to make sure.

Regards
  • #63,567
  • May 12, 2010 10:57pm May 12, 2010 10:57pm
Quoting Pinbar
You used 6 lines Jarroo! LoL

Many thanks for your kind help, it is extremely encouraging.

Any chance of another reasonably hard one, just to make sure.

Regards

lol Just showing the Big BEOB off the 15.00 BRN.

Sure PB . . .this time you pick the pair.
Indicators show the past. Price Action "Indicates" the future.
  • #63,568
  • May 12, 2010 11:02pm May 12, 2010 11:02pm
very helpful, jarroo. thanks !

Quoting jarroo
Nice job guys.

They all look great.

Here's mine.
  • #63,569
  • Edited May 13, 2010 12:23am May 12, 2010 11:17pm | Edited May 13, 2010 12:23am
Quoting jeurre
very helpful, jarroo. thanks !

There is nothing like a clear cut PPZ level, no matter what the broker or how Price is cut up.

Now I'm not suggesting these little PBs are A+, but the PPZ levels can work to your trade management advantage when hidding behind them if your looking for a small stop setup.
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Indicators show the past. Price Action "Indicates" the future.
  • #63,570
  • May 12, 2010 11:33pm May 12, 2010 11:33pm
Quoting Pinbar
EJ is flagging around the 50 fibo and BRN 118.
Double IB and last one is smallest candle in 27 candles.

Just keeping my eye on it.
Nice Double Inside Bar. I like when they are back up against the wall of a PPZ level and with the current trend.

I've been waiting to go short on the Cad. This Double IB on the 4 hour Cad is working nicely.

Dale would be proud. Where ever he is.
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Indicators show the past. Price Action "Indicates" the future.
  • #63,571
  • May 12, 2010 11:42pm May 12, 2010 11:42pm
Quoting jarroo
Nice Double Inside Bar. I like when they are back up against the wall of a PPZ level and with the current trend.

I've been waiting to go short on the Cad. This Double IB on the 4 hour Cad is working nicely.

Dale would be proud. Where ever he is.

And Yes it's behaving properly by retesting the break.

Confluence and confirmation is what I like.

(Confluence and Confirmation . . umm . . sounds like a good book . . .but I'll have to have Joel write it.)
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Indicators show the past. Price Action "Indicates" the future.
  • #63,572
  • May 12, 2010 11:59pm May 12, 2010 11:59pm
Quoting Pinbar
You used 6 lines Jarroo! LoL
Many thanks for your kind help, it is extremely encouraging.
...
another way to learn (which i did) is to review the charts (past/real-time; with PPZ's, S/R's etc) of any/all seniors here, as well as all the charts that were/are being posted.
  • #63,573
  • May 13, 2010 12:01am May 13, 2010 12:01am
Quoting jarroo
Nice Double Inside Bar...
Dale would be proud. Where ever he is.
i see Sir Dale from time to time (as recent as this week/last week)... down there in the "Traders Viewing This Thread" list (i check that list religiously)
  • #63,574
  • May 13, 2010 12:04am May 13, 2010 12:04am
Quoting supremeChaos
another way to learn (which i did) is to review the charts (past/real-time; with PPZ's, S/R's etc) of any/all seniors here, as well as all the charts that were/are being posted.

That is a great idea SC.

Many thanks for the wealth of helpful tips and pointers.
  • #63,575
  • May 13, 2010 12:11am May 13, 2010 12:11am
Ok Jarroo XAG/USD whatever that is. 4 ppz
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  • #63,576
  • May 13, 2010 12:12am May 13, 2010 12:12am
Quoting supremeChaos
i see Sir Dale from time to time (as recent as this week/last week)... down there in the "Traders Viewing This Thread" list (i check that list religiously)
Yeah I see him down there too . . now and again. Its good to see that he's checking in.
Indicators show the past. Price Action "Indicates" the future.
  • #63,577
  • May 13, 2010 12:13am May 13, 2010 12:13am
Quoting Pinbar
Ok Jarroo XAG/USD whatever that is. 4 ppz

lol.
Indicators show the past. Price Action "Indicates" the future.
  • #63,578
  • May 13, 2010 12:15am May 13, 2010 12:15am
Quoting Pinbar
Ok Jarroo XAG/USD whatever that is. 4 ppz
silver/$
another common one is XAU or Gold
  • #63,579
  • May 13, 2010 12:19am May 13, 2010 12:19am
Quoting supremeChaos
silver/$
another common one is XAU or Gold

Thanks, I suspected it was.

Yeah, we did that yesterday.
  • #63,580
  • May 13, 2010 12:23am May 13, 2010 12:23am
Quote
Yeah I see him down there too . . now and again. Its good to see that he's checking in.


Nice trade Jarroo.


Dale
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