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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

  • #67,201
  • Jun 24, 2010 3:25am Jun 24, 2010 3:25am
Quoting mbqb11
Hey Six

Gold does have Divergence, notice how price is moving higher, but MACD has created a lower low.

Hope the chart clears it up

Mike
I thought you meant lower high? Sometimes I miss out divergences too. Just need to train my eyes more.
  • #67,202
  • Jun 24, 2010 3:33am Jun 24, 2010 3:33am
Quoting jarroo
Absolutely N198.

The Daily PB was more like a C-D setup if you want to grade it. An easy pass for the smart picky J16 trader. That's what happens when your picky, you'll see these sub-standard PA setups take off and you just smile even though you didn't take it, because this PA stuff works.

The 8 Hour BUOB was a bit better size wise as it relates to the previous bars on that time frame, not off the 1.2500 but it was near it, trading into a PPZ level, etc. An easy pass for the smart J16 trader.

That's why I said if you were to trade a...
Jarroo,

thanks for the confirmation of my views.

Cheers,
Novice 198
  • #67,203
  • Jun 24, 2010 3:40am Jun 24, 2010 3:40am
Quoting novice198
Jarroo,

thanks for the confirmation of my views.

Cheers,
Novice 198
Indicators show the past. Price Action "Indicates" the future.
  • #67,204
  • Jun 24, 2010 3:40am Jun 24, 2010 3:40am
Quoting fxeturn
I thought you meant lower high?
yes, lower high.
Good eye
  • #67,205
  • Jun 24, 2010 4:34am Jun 24, 2010 4:34am
A tradeless week for me so far, but it doesn't concern me these days,
Waiting is trading etc etc

I do have a pending order here though,

-EUR/CAD
-6 Hour TF
-BEOB
-Swing high
-RN 1.2800
-Divergence (kinda)

-targeting 1.2700
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  • #67,206
  • Jun 24, 2010 5:19am Jun 24, 2010 5:19am
Quoting Jonnyislost

I do have a pending order here though,
And closed the order,
Price drifting away, no momentum
  • #67,207
  • Jun 24, 2010 5:27am Jun 24, 2010 5:27am
Quoting jarroo
He has much more info on these BRNs and their advantages threw out this thread.

And some good stuff on this in the PF that I enjoyed reading when I joined for a while

It's good common sense material.
  • #67,208
  • Jun 24, 2010 5:29am Jun 24, 2010 5:29am
Quoting jarroo
Mike would say "absolutely" and I would agree with him. lol
Highly unlikely that the 1.5 would not be a PPZ level. Its a order flow thing at that level.
That's two goes to break up through 1,5 in the last hour.
The sells must be sitting on the top side pushing the bulls back.
  • #67,209
  • Jun 24, 2010 5:45am Jun 24, 2010 5:45am
Anyone know what the deal is with the euro at the moment? It hit a high of 1.2466 on June 22 and has ranged between the low of 1.2208 yesterday. None of the technicals (PPZ, PA, BRN's, fib levels) seem to be moving it anywhere.
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  • #67,210
  • Jun 24, 2010 5:52am Jun 24, 2010 5:52am
Quoting kk21

hello location,

how were you able to 'sieve out' just their posts?

sorry, i am behind, so going thru backlog of the past two weeks post;
just reaching yours now.

tnx in advancehttp://cdn.forexfactory.com/images/icons/icon7.gif
kk21,

Start with the link that I copied from the first page:

http://www.forexfactory.com/showpost...ostcount=55762

Cyrus compiled a collection of the individual posts from many of the seniors. It is an invaluable tool. I copied them to my computer just in case anything happens to the site. Thanks Cyrus.

LOC
  • #67,211
  • Jun 24, 2010 5:57am Jun 24, 2010 5:57am
Quoting Possmer
Novice,

All of the trades I took yesterday (and since I started my demo) have been based off of J16 setups on the daily....
Hi Possmer,

Thanks for your response. Now I need to go back and check my charts for these trades.

Cheers,
Novice 198
  • #67,212
  • Jun 24, 2010 6:05am Jun 24, 2010 6:05am
Looks like a Breakout/Pullback kind of thing going on on the AUD/NZD

Barely a Pin though, JUST closed within the prior bar,

Anyone like this?
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  • #67,213
  • Jun 24, 2010 6:11am Jun 24, 2010 6:11am
Loved the way this BEOB threatens the short term S/R flip.

g.
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I believe . . .
  • #67,214
  • Jun 24, 2010 6:14am Jun 24, 2010 6:14am
Quoting forexben
Anyone know what the deal is with the euro at the moment? It hit a high of 1.2466 on June 22 and has ranged between the low of 1.2208 yesterday. None of the technicals (PPZ, PA, BRN's, fib levels) seem to be moving it anywhere.
EU ? The PPZ's are moving it everywhere !

(I drew these lines at the start of the week, before any of this price occured)
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  • #67,215
  • Jun 24, 2010 6:22am Jun 24, 2010 6:22am
Quoting ghous
Loved the way this BEOB threatens the short term S/R flip.

g.
I like this.

Loads of setups on that hourly for that hour, did you have a look at the other ones like EJ, CHFJPY and AUDJPY and what was your opinion on them relative to the other ones and if you looked at them all what made you pick this one ?

Jig.
  • #67,216
  • Jun 24, 2010 6:41am Jun 24, 2010 6:41am
Quoting ghous
Loved the way this BEOB threatens the short term S/R flip.

g.
First PPZ hit
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  • #67,217
  • Edited 7:28am Jun 24, 2010 7:25am | Edited 7:28am
Hello to everybody and might I say, what a thread!
This is my first post on FF. Been studying james method for a while and Decided to post my first chart (not my first trade using this method).
Please be as harsh as you can, I whant some though feedback.
The SL is below the 61% of the pinbar.
The chart is EURCAD 4H.
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  • #67,218
  • Jun 24, 2010 7:32am Jun 24, 2010 7:32am
Hello, I do not speak good English, I'm from Spain but I will try to speak it.
First I must say that the forum is great, I am newbie and I learned a lot of with James16 thanks very much

I have a chart to GBP/USD here that according to the Price action did not work and i donīt know. why?.if someone could explain me.this is the chart.

Thanks.
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  • #67,219
  • Jun 24, 2010 7:43am Jun 24, 2010 7:43am
I forgot to say you that I was short when the price surpassed the minimum price

thanks.
  • #67,220
  • Jun 24, 2010 7:52am Jun 24, 2010 7:52am
Quoting mordre
Hello to everybody and might I say, what a thread!
This is my first post on FF. Been studying james method for a while and Decided to post my first chart (not my first trade using this method).
Please be as harsh as you can, I whant some though feedback.
The SL is below the 61% of the pinbar.
The chart is EURCAD 4H.
EUR/CAD is a big time down trend so this move is counter trend.
Obviously anyone can trade any time frame they please. The recommended TF is daily/weekly for starters but you might be more experienced.

The pin bar wick comes off the 150 ema.
I had shorts on this pair but a week or so ago I felt uneasy about the trend. It was gut reaction not necessarily logical. It has gone up since.
CAD is depreciating against the USD at the moment after looking like it would make a run for parity.
The candle after this pb is sat on 1.28 - Round number.
There are two bar highs at 1.2833'ish to get past.
After that 1.29 is the next obstacle.

I am guessing the experts will say B grade and a pass.
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