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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

  • #67,321
  • Jun 24, 2010 9:57pm Jun 24, 2010 9:57pm
Quoting mbqb11
I think you owe ME a coke on this one
I said it first.
Indicators show the past. Price Action "Indicates" the future.
  • #67,322
  • Jun 24, 2010 9:57pm Jun 24, 2010 9:57pm
Quoting joelcf
haha, cant argue with that.

Better patent it before the lurkers add a chapter to their ebook.
boom added, just got two emails to sell me my own stuff
  • #67,323
  • Jun 24, 2010 9:58pm Jun 24, 2010 9:58pm
Quoting jarroo
I said it first.
I'd buy you a beer anytime my friend
  • #67,324
  • Jun 24, 2010 9:59pm Jun 24, 2010 9:59pm
Quoting jarroo
jinx
Quoting joelcf
I think you mean confluence
Ahaaaaahahaha....

We'll have to use that on the charts now.

Double Jinx on Cable.... PPZ line up with BRN and 61 Fib.
Bundy's status today: "Waiting..."
  • #67,325
  • Jun 24, 2010 10:01pm Jun 24, 2010 10:01pm
Quote
Originally Posted by joelcf http://cdn.forexfactory.com/images/buttons/viewpost.gif
haha, cant argue with that.

Better patent it before the lurkers add a chapter to their ebook.

Quoting mbqb11
boom added, just got two emails to sell me my own
stuff
Huh? Has that been happening has it?
Bundy's status today: "Waiting..."
  • #67,326
  • Jun 24, 2010 10:12pm Jun 24, 2010 10:12pm
Quoting mbqb11
I'd buy you a beer anytime my friend
Not if I buy you one first, bro.
Indicators show the past. Price Action "Indicates" the future.
  • #67,327
  • Jun 24, 2010 10:23pm Jun 24, 2010 10:23pm
Jarroo

This is where the weekly TF gets hard.

I am watching this bullish type bar that was rejected by the 61.8 and 1.0510, of course it still has the rest of the day to close.

But a quick PEEK at the Daily shows me that you guys are all getting ready to take the break of yesterday's Bearish PB at a great location.

I am going to have to wait another week to see how price reacts to this current weekly bar.
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  • #67,328
  • Jun 24, 2010 10:44pm Jun 24, 2010 10:44pm
Quoting Pinbar
Jarroo

This is where the weekly TF gets hard.

I am watching this bullish type bar that was rejected by the 61.8 and 1.0510, of course it still has the rest of the day to close.

But a quick PEEK at the Daily shows me that you guys are all getting ready to take the break of yesterday's Bearish PB at a great location.

I am going to have to wait another week to see how price reacts to this current weekly bar.
That's how you play the Weekly Pb. Its really not that hard when your patient. I understand its hard to do. Patience is hard, if it was easy it wouldn't be a virtue.

Look at this Pb on the GU back in Aug of last year. And say the 1.6700 is the current 1.5000 level. Could this possibly happen again? You bet it can. It may happen next week or in two or three weeks from now. Hang in there buddy. (I made some nice pips on that one btw)

I not thinking of taking that small PB. I'll watch it . But I agree with you, I will probably wait and see what next week will bring on the Daily.
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Indicators show the past. Price Action "Indicates" the future.
  • #67,329
  • Jun 24, 2010 11:12pm Jun 24, 2010 11:12pm
Quoting jarroo
That's how you play the Weekly Pb. Its really not that hard when your patient. I understand its hard to do. Patience is hard, if it was easy it wouldn't be a virtue.

Look at this Pb on the GU back in Aug of last year. And say the 1.6700 is the current 1.5000 level. Could this possibly happen again? You bet it can. It may happen next week or in two or three weeks from now. Hang in there buddy. (I made some nice pips on that one btw)

I not thinking of taking that small PB. I'll watch it . But I agree with you,...

Oh, I see...I was wondering about the size of the daily PB even though it is at a good location and, it is a Friday.


USD/CAD weekly BUOB bar seems to be more the size of what we are looking for. I shall keep my eye on this next week.
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  • #67,330
  • Jun 24, 2010 11:50pm Jun 24, 2010 11:50pm
Morning everyone, I see great debate in taking the GU setup. Well my sell stop is in place waiting to see what happens. Tight SL above todays high.
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  • #67,331
  • Jun 25, 2010 12:09am Jun 25, 2010 12:09am
Quoting mordre
Morning everyone, I see great debate in taking the GU setup. Well my sell stop is in place waiting to see what happens. Tight SL above todays high.
Touch trading this early in your career...
I believe . . .
  • #67,332
  • Jun 25, 2010 12:14am Jun 25, 2010 12:14am
AUD/JPY looking interesting also.

EDIT: These black charts are just too hard to see.
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  • #67,333
  • Edited 12:47am Jun 25, 2010 12:21am | Edited 12:47am
Next week,

a) http://uk.reuters.com/article/idUKTRE65E3LV20100615
(this explains some background: http://www.efinancialnews.com/story/...nd-index-rules )

b) http://noir.bloomberg.com/apps/news?...d=aJnTm8Bb_cZg


Have a good weekend all

*edit*

c)
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When you have to shoot, shoot. Dont talk.
  • #67,334
  • Jun 25, 2010 12:35am Jun 25, 2010 12:35am
Quoting joelcf
Next week,

a) http://uk.reuters.com/article/idUKTRE65E3LV20100615

b) http://noir.bloomberg.com/apps/news?...d=aJnTm8Bb_cZg


Have a good weekend all

*edit*

c) Attachment
If ever the market would consistently move as swiftly as that post count.

I haven't been trading for a whole bunch of years but I see jarroo/price blowing through this BRN in no time.

jeez he'll do it while responding to your post Joel.

good ol' pri...jarroo.
I believe . . .
  • #67,335
  • Jun 25, 2010 12:35am Jun 25, 2010 12:35am
Quoting joelcf
I've been itching to short Tiffany for months now.
....
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.
http://www.digitaltigers.com/stratos...elite-xe14.asp
he plays with those toys at home?
wow.

i love Fridays.


Quoting joelcf
....
c) [ATTACH]
hesitation to break a big round number.... by just 2 pips. hmmmmmmm....
8,000 a tough resistance? or is Friday the culprit?
probably waiting for weekend news, before taking off like a rocket.
LOL
  • #67,336
  • Edited 1:44am Jun 25, 2010 1:31am | Edited 1:44am
I need a word of advice on this post regarding EURCHF please...
http://www.forexfactory.com/showthre...99#post3827599
  • #67,337
  • Edited 2:16am Jun 25, 2010 1:55am | Edited 2:16am
Quoting ghous
Touch trading this early in your career...
I don't believe that's a touch trade but a break of that small Pb. Hmmm . . You gotta like the location.
Indicators show the past. Price Action "Indicates" the future.
  • #67,338
  • Jun 25, 2010 1:58am Jun 25, 2010 1:58am
Quoting joelcf
Next week,

a) http://uk.reuters.com/article/idUKTRE65E3LV20100615
(this explains some background: http://www.efinancialnews.com/story/...nd-index-rules )

b) http://noir.bloomberg.com/apps/news?...d=aJnTm8Bb_cZg


Have a good weekend all

*edit*

Oh man . . didn't I have like 7,000 just last week or something

wow . . I talk too much.
Indicators show the past. Price Action "Indicates" the future.
  • #67,339
  • Jun 25, 2010 2:07am Jun 25, 2010 2:07am
Hi - haven't posted for a while -work and difficulty finding A+ daily setups. Just wondered about this that caught my eye - was tempted but not a classic pin and traffic. Any thoughts?

Thanks

J
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  • #67,340
  • Edited 2:41am Jun 25, 2010 2:23am | Edited 2:41am
Quoting jspeakman
Hi - haven't posted for a while -work and difficulty finding A+ daily setups. Just wondered about this that caught my eye - was tempted but not a classic pin and traffic. Any thoughts?

Thanks

J

I'm in this one myself J. This was a Pb by Proxy, meaning since the Open and Close was not within the previous bar, you use a previous bar High or PPZ level to compensate for that structurally deficiency.

You had the gap, which could work for you or against you. Trading into a alot of traffic but I thought the size of the bar and weight of the location was good for a small position for me. I'm using previous Daily bar Highs for my S/L.

other J.
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Indicators show the past. Price Action "Indicates" the future.
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