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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

  • #66,741
  • Jun 18, 2010 10:13pm Jun 18, 2010 10:13pm
Quoting Atc
I thought earlier in the week we were watching this weekly. It might have been Pinbar who sighted it ...I forgot...well anyways...here's the results!
BUOB worked nicely.

Thx J16
Whoot! Someone's having a great time!
I believe . . .
  • #66,742
  • Jun 18, 2010 10:16pm Jun 18, 2010 10:16pm
Quoting fxdrive
I addition to the last post would the following be a 3 day pin bar and is it a valid J16 PA setup?

Attachment
If it's off something good enough...then it sure is!

g.
I believe . . .
  • #66,743
  • Jun 18, 2010 10:31pm Jun 18, 2010 10:31pm
Hey g-man. What do you think of the Nzd/Jpy Daily IPB?
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #66,744
  • Jun 19, 2010 12:03am Jun 19, 2010 12:03am
Quoting extraneo
Pinbar on gbp usd tf 6H
what do you think?

Quoting extraneo
yes, there is a downtrend with high swing, even I do not like congestion to 14800
I'm short by 14,812 and now BE
TP1 14760

edit: token SL
Good location and good target. Daily Weekly PPZ level, 1.4800ish. Nice PB rejection of that level-ish. But a lot of traffic. Still work out as expected, but not a lot of momentum (if you look at the Hourly).

Notice the other setups were not too bad but had a little more space to move.
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #66,745
  • Jun 19, 2010 12:14am Jun 19, 2010 12:14am
Hi,
Just my 2 cents.....

NJ monthly shows a BEOB with 50% fib retracement and the next month candle is retracing the BEOB monthly candle which could soon resume the down trend

Only Weekly, there is strong support from lower wicks near lower rectangle and good resistance around 65

On H4, we see traingle patter consolidating the upmove, it seems it is poised for upbreakout!

Looking at all three, I would look for shorts near 65 with nice PA

Kind Regards
Winston
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nj monthly.gif Size: 17 KB
Click to Enlarge Name: nj weekly.gif Size: 17 KB
Click to Enlarge Name: nj h4.gif Size: 18 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #66,746
  • Jun 19, 2010 12:16am Jun 19, 2010 12:16am
Quoting james16
your a great friend and an important part of this thread supreme.
thank you sir,
one day, i plan to (surprise) visit u.
wait for me



Quoting tubguy
Hey Supreme,
When I get rich tradin I'll come buy you a drink and you can introduce me to a few.
The problem could be....I'm quite picky. LOL
LOL.
"picky" is relative. im picky too.
can u show me pictures of your desired types?
i see a lot of foreigners & they have partnered with Filipina "beauty" of all types.

& no need to be rich to get here & stay here.
it's cheap to live here. u can live off of 15 - 50 pips (standard lots) a month here.
  • #66,747
  • Jun 19, 2010 12:22am Jun 19, 2010 12:22am
Quoting oneuniverse
Hi,
Just my 2 cents.....

NJ monthly shows a BEOB with 50% fib retracement and the next month candle is retracing the BEOB monthly candle which could soon resume the down trend

Only Weekly, there is strong support from lower wicks near lower rectangle and good resistance around 65

On H4, we see traingle patter consolidating the upmove, it seems it is poised for upbreakout!

Looking at all three, I would look for shorts near 65 with nice PA

Kind Regards
Winston

Nice plan Winston. Looks good.
Indicators show the past. Price Action "Indicates" the future.
  • #66,748
  • Jun 19, 2010 12:39am Jun 19, 2010 12:39am
Hi,

I found GU to be waiting for potential setup.

On Daily we see

1) Price near trendline resistance
2) Price at daily PPZ
3) Fib retracement

what seems intresting is confluence at fib 61.8 and BRN 1.5000

Now, if PA develops around 61.8% and 1.5000, will be very nice short
wish long pins develops!

Also see monthly for target of 1.4300 as there are rejection zones around those areas and support

Kind Regards
Winston
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu monthly.gif Size: 15 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #66,749
  • Jun 19, 2010 12:39am Jun 19, 2010 12:39am
Quoting jarroo
Nice plan Winston. Looks good.
thank you Sir.....
Trading is a delicate balance of Strategy , Money management and Psychology
  • #66,750
  • Jun 19, 2010 12:40am Jun 19, 2010 12:40am
Quoting datogio
Hi Vasco.

Personally I always favor high time frame trend and ppz, if the price has just bounced from the bearish trend line on monthly and especially if the TL was confluenced with other factors I wan't be looking for buy opportunities If I don't see something more important than the zone from witch the price has just bounced. Everything comes to recognizing important zones, in the USD/CHF case we discussed above, important zone IMO was the zone from witch the price is moving down, the power is with bears and to stop that power is much more quality...
Great post datogio.


This is trading poetry, brother. Nice.


"The direction of price isn't changing rapidly most of the time, that's the biggest problem of trading if you're impatient and the biggest power if you're patient." - datogio.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #66,751
  • Jun 19, 2010 12:46am Jun 19, 2010 12:46am
Quoting oneuniverse
Hi,

I found GU to be waiting for potential setup.

On Daily we see

1) Price near trendline resistance
2) Price at daily PPZ
3) Fib retracement

what seems intresting is confluence at fib 61.8 and BRN 1.5000

Now, if PA develops around 61.8% and 1.5000, will be very nice short
wish long pins develops!

Also see monthly for target of 1.4300 as there are rejection zones around those areas and support

Kind Regards
Winston

Man, that looks great. Your on a roll, brother.
Indicators show the past. Price Action "Indicates" the future.
  • #66,752
  • Jun 19, 2010 12:58am Jun 19, 2010 12:58am
Quoting Donkey
I've been watching this pair consolidate for a while and it's finally broken down pretty hard. Looks like the 1.1000 zone has a couple of prime locations for some PA.

We have fib confluence from 2 previous swing lows in 2 areas. First is 50/38 also in confluence with the 150 weekly ema around RN 1.1100. The second, and most interesting to me is the 62/50 that looks to be to the pip at 1.0900. I'll be watching this one closely next week hoping to catch a bounce.

Additional note is that zoomed out on weekly there is almost no need to draw the...

That 1.1000 has some nice confluence going for it. Wouldn't surprise me if we hit that number next week.

Nice chart, Donkey.
Indicators show the past. Price Action "Indicates" the future.
  • #66,753
  • Jun 19, 2010 1:17am Jun 19, 2010 1:17am
very nice and thank you.

jim

Quoting Atc
I thought earlier in the week we were watching this weekly. It might have been Pinbar who sighted it ...I forgot...well anyways...here's the results!
BUOB worked nicely.

Thx J16
  • #66,754
  • Jun 19, 2010 1:21am Jun 19, 2010 1:21am
Quoting mbqb11
In terms of shear bars themselves, forgetting location and just bars.

Mike
I guess its a good exercise in PA structure which is a good thing.

But not seeing the whole picture sure makes them look kind of "out there".

It's like . . . Mike, what do you think of the Daily Aud/Sgd? . . . .

I took out the BRNs. lol


Just kidding guys . . great posts and exercise . . very helpful.


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #66,755
  • Jun 19, 2010 1:27am Jun 19, 2010 1:27am
Quoting jarroo
Hey g-man. What do you think of the Nzd/Jpy Daily IPB?
Would love to see it work out but it looks like a tough call. Lot's of traffic and whippy volatile moves,

Will be watching it for sure...though that's only what this IPB will get from me.

Location is sound of course but in terms of price action and preceding bars maybe the IPB could have been longer to indicate more strength.

g.
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I believe . . .
  • #66,756
  • Jun 19, 2010 1:34am Jun 19, 2010 1:34am
Quoting ghous
Would love to see it work out but it looks like a tough call. Lot's of traffic and whippy volatile moves,

Will be watching it for sure...though that's only what this IPB will get from me.

Location is sound of course but in terms of price action and preceding bars maybe the IPB could have been longer to indicate more strength.

g.

Thanks g.

I may take a small postion. Also that bar High, 4 bars previous, is bugging me. Should be fun to watch.
Indicators show the past. Price Action "Indicates" the future.
  • #66,757
  • Jun 19, 2010 1:37am Jun 19, 2010 1:37am
Quoting jarroo
Thanks g.

I may take a small postion. Also that bar High, 4 bars previous, is bugging me. Should be fun to watch.
Some outstanding confluence on the setup...location wise truly rocks!

(blue EMA is the 150)

g.
Attached Image (click to enlarge)
Click to Enlarge Name: nj.png Size: 24 KB
I believe . . .
  • #66,758
  • Jun 19, 2010 1:41am Jun 19, 2010 1:41am
Quoting ghous
Some outstanding confluence on the setup...location wise truly rocks!

(blue EMA is the 150)

g.

That's why I posted it g. I knew you would like that location. Who wouldn't.
Indicators show the past. Price Action "Indicates" the future.
  • #66,759
  • Jun 19, 2010 1:46am Jun 19, 2010 1:46am
Quoting jarroo
That's why I posted it g. I knew you would like that location. Who wouldn't.


looks like Usd/Cad worked out pretty fine too eh?

g.
Attached Image (click to enlarge)
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I believe . . .
  • #66,760
  • Jun 19, 2010 1:50am Jun 19, 2010 1:50am
Quoting ghous


looks like Usd/Cad worked out pretty fine too eh?

g.

Came close to stopping out, but yes . . . nice. Notice that bar Low, 2 bars previous, bugging me.
Indicators show the past. Price Action "Indicates" the future.
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