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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

  • #64,521
  • May 21, 2010 1:27pm May 21, 2010 1:27pm
Quoting fxeturn
Bearish PB on daily
]

Bullish DBLHC on weekly

Both seems to be heading to a traffic zone of its own. Not entering, just looking.
You mean bearish PB on the daily developing. Daily hasn't closed yet.

There is a 8 hour bearish PB but it hasn't broke yet.
Indicators show the past. Price Action "Indicates" the future.
  • #64,522
  • May 21, 2010 1:41pm May 21, 2010 1:41pm
Quoting bundyraider
Part 3.

Notice the bottom area where that original 61.8% and PPZ confluence area is.

Pretend this is a daily chart. ...there's a bar that was nearly a DBLHC or Outside bar off of it. IF it WAS a daily you made great mula up to that trend line ...or higher.

Fogot.... those downward pressure areas are around another 61.8 fib (backwards as 38.2 on this chart LOL)
Quoting bundyraider
Part 4.

Nice bounce off of 50% and that trend line.

It's at this point I am totally happy to wear my half R% loss. Since I got the analysis right. That bounce is enough that any push passed it is just bad luck , it's just one of those trades that doesn't make my target.

When we hit the 61.8% low again I'm setting to Break Even. If it returns to the B.E. I couldn't give a toss by then. It 's got a better chance of failing if it does so. I move on.

Great posts bundy . . I am still learning from you all the time.

Even on stuff you had already shown me. Meaning, I will go back in time to earlier posts you have shown me and others and see them with much clearer eyes.

Thanks mate.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #64,523
  • May 21, 2010 1:45pm May 21, 2010 1:45pm
Quoting jarroo
Freaking awsome Hans!! Great post!

1st post material for sure.

How the heck do you do that flashing chart thing? Cool as hell.



Cool.
NICE!
  • #64,524
  • May 21, 2010 1:54pm May 21, 2010 1:54pm
Quoting aserbfx
what do you think about today's pinbar on german fdax?

Looks good, aserb. I would have like to see it close above the red line I have drawn. Is that where it closed?

I like its potential.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #64,525
  • May 21, 2010 2:21pm May 21, 2010 2:21pm
Quoting ertorque
" ok, we have something going on here but er, how do we know if it's going to retrace or not to PPZ". This is always a dilema for me.
Quoting mbqb11
He Cy

I am not bundy, but...at any given moment we have no idea what price is going to do..
.
.
I hope I didn't interrupt with bundy here
Not at all Mike. Said it better than I would have. As always. lol

Cy,
You can only choose the situation you know how to trade and learn it like it's a body part. The rest you have to skip. You are going to miss a lot of moves in your trading life. You don't need to catch them all to make money.
Bundy's status today: "Waiting..."
  • #64,526
  • Edited 2:52pm May 21, 2010 2:32pm | Edited 2:52pm
Quoting jarroo
Looks good, aserb. I would have like to see it close above the red line I have drawn. Is that where it closed?
.
yes. i think it can run up to 6.000. there a BRN and the 50% fib of the last down-swing wait.
meine augen sind die sterne
  • #64,527
  • May 21, 2010 2:34pm May 21, 2010 2:34pm
Quoting jarroo
Freaking awsome Hans!! Great post!

1st post material for sure.

How the heck do you do that flashing chart thing? Cool as hell.



Cool.
Nice charting.
Bundy's status today: "Waiting..."
  • #64,528
  • May 21, 2010 2:39pm May 21, 2010 2:39pm
Google sign today is a playable version of Pac-Man!!! How cool is that?!

Not sure rest of world will have it yet though. Mwahahahaaahaaaa!!!
Bundy's status today: "Waiting..."
  • #64,529
  • May 21, 2010 2:53pm May 21, 2010 2:53pm
Any thoughts on this Triple Bar Low Higher Close?

3 consecutive lows within 2 pips of each other at a major swing low. This weeks bar engulfs 9 (counting 2 previous weeks) bars. Pretty strong test of BRN 1.4500 although it did not close above. Bullish divergence.

Looks very much like 1.5000 is the target with 1.5500 a possibility. I drew the blue ppz's off of the monthly.

I've been watching EURCHF trying to figure out how to play it because it looks so different. This pair seems to really find support and resistance at the BRNS.
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  • #64,530
  • May 21, 2010 2:56pm May 21, 2010 2:56pm
Quoting bundyraider
Google sign today is a playable version of Pac-Man!!! How cool is that?!

Not sure rest of world will have it yet though. Mwahahahaaahaaaa!!!
yep !!! i had a game earlier, brill.
my sister used to hold one of the highest scores in my town!!

brings back memories that game hehe

jon

greast post as usual bty
PATIENCE... DISCIPLINE
  • #64,531
  • May 21, 2010 3:01pm May 21, 2010 3:01pm
hey, bundy, can you talk about your criteria of exhaustion move a bit? thanks

Quoting bundyraider
The bar will be bigger than most of the others preceding it. An even stronger sign is if a bar blasts through levels that 'should' have held better. Like a major PPZ. A great signal is when a bar breaks the immediate trend line of the trend preceding it easily.

...or a strong retracement within the bar after an exhaustion move. Sush as a great pinbar that is larger than the bars preceding it. ...and closes back close to it's opening. It went a long way...But iut returned all that distance too.
  • #64,532
  • May 21, 2010 3:09pm May 21, 2010 3:09pm
Quoting g_j_hook@yah
this is something im watching, not strictly J16 method but my entry would be if it does what i want it to do??
can someyone do me the favour of posting a daily chart and drawing a TL from the 2/11/09 low and the 23/12 09 low (with ray option on) and zoomed out enough to see the preceding up trend??
at the 81-82 level we have a half decent PPZ (check weeklies) i would love a break down of this TL AND that PPZ then a retest with some PA...
this would be a classic if it happens imho. you know what they say bout the 4th touch of death!!??
a first...

looks like that PPZ held up the TL break. wonder for how long??
jon
PATIENCE... DISCIPLINE
  • #64,533
  • May 21, 2010 3:36pm May 21, 2010 3:36pm
hi, jon, why .86 if retrace? why not .87 or .85? I totally have no idea how to spot the right ppz. thanks

Quoting g_j_hook@yah
looks like that PPZ held up the TL break. wonder for how long??
jon
  • #64,534
  • May 21, 2010 4:42pm May 21, 2010 4:42pm
Quoting jeurre
hi, jon, why .86 if retrace? why not .87 or .85? I totally have no idea how to spot the right ppz. thanks
sos for the delay...
that was the area of the last swing low(2nd of may), that was an area where the last stack of bullish orders was placed and has a lot of history(check the weeklies (ZOOMED OUT!! hehe)
Then price blasted past it taking out most of the bulls and gatherd momentum as it broke down.Price also had trouble breaking that area on its way up and was later defended when that swing low happend, so this tells me its an important level.
there is no way to know if price will get there or not but that is the first major PPZ if it does continue to rise. it may get turned at a RN or some minor PPZ before then or by nothing in particular (chart wise) but if it does, that would be a nice place to look for a big pin bar, for e.g. btw it would be the 38% fib now also. Price is pretty over streched right now (i have it at about 325% of its ave. weekly range!)so i expect some ret. or cons.
So for me its simple... find the big PPZs and wait (and hope lol) that price gets there and gives us a nice trigger bar. i might take a short from a GOOD bar before then but if it reaches that level it would a A+ level to be trading from. imho

hope this helps

jon
PATIENCE... DISCIPLINE
  • #64,535
  • May 21, 2010 4:47pm May 21, 2010 4:47pm
i think it is probably not a problem of not seeing the PPZ it is that they arent there to be seen!! zoom out and check prices history at these level.

jon
PATIENCE... DISCIPLINE
  • #64,536
  • May 21, 2010 6:14pm May 21, 2010 6:14pm
Quoting bundyraider
Google sign today is a playable version of Pac-Man!!! How cool is that?!
....
Super COOL!
Playing Pacman without a family computer..... Cool-er http://cdn.forexfactory.com/images/s...m/big_grin.gif
  • #64,537
  • May 21, 2010 8:02pm May 21, 2010 8:02pm
Quoting jarroo
Olk . . let's go with the Nzd/Usd.
Oh, sorry...I used the weekly for the PPZ then moved down to D1 and H4 to take the screenshot.

Right, I will show NZD/USD on weekly D1 & H4.
  • #64,538
  • May 21, 2010 8:23pm May 21, 2010 8:23pm
feels nice to add 0.8% to your account during a week when the average Joe-investor is getting steamrolled


it's only crazier to think that my trades that got taken out at B/E were all well into profit at one point in their lifetime
Many choose unhappiness over uncertainty.
  • #64,539
  • May 21, 2010 8:53pm May 21, 2010 8:53pm
okey, jon, maybe I asked the qestions too straight let me put them on chart and see if I could address them clearly, coz I see the flip of price by the line of .87 and .85, just curious any reason for you didn't select them. you are always helpful, jon





Quoting g_j_hook@yah
sos for the delay...
that was the area of the last swing low(2nd of may), that was an area where the last stack of bullish orders was placed and has a lot of history(check the weeklies (ZOOMED OUT!! hehe)
Then price blasted past it taking out most of the bulls and gatherd momentum as it broke down.Price also had trouble breaking that area on its way up and was later defended when that swing low happend, so this tells me its an important level.
there is no way to know if price will get there or not but that is the first major PPZ if it does continue...
Attached Image (click to enlarge)
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  • #64,540
  • May 21, 2010 9:07pm May 21, 2010 9:07pm
Just joined the private James16 website.

Oh man!

Speechless.

The best.
Period, paragraph.
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