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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

  • #67,341
  • Jun 25, 2010 2:37am Jun 25, 2010 2:37am
Quoting jarroo
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 Daily bar highs for my S/L.

other J.
Hi Other J

Thanks for that - considered the proxy angle but traffic was what put me off. I think maybe one can be too picky! Interested in your Daily highs for S/L - is that a tight management approach rather than using your free trade style?

Thanks

J
  • #67,342
  • Jun 25, 2010 2:45am Jun 25, 2010 2:45am
Quoting jarroo
Oh man . . didn't I have like 7,000 just last week or something

wow . . I talk too much.
but you talk very well
  • #67,343
  • Jun 25, 2010 2:49am Jun 25, 2010 2:49am
Quoting jspeakman
Hi Other J

Thanks for that - considered the proxy angle but traffic was what put me off. I think maybe one can be too picky! Interested in your Daily highs for S/L - is that a tight management approach rather than using your free trade style?

Thanks

J
Absolutely. The traffic . . . pass. The structure, Open and Close not within the previous bar . . . pass.

Yes I took some off the table at the 1st target, previous bar Low. I usually will give more leeway to the 2nd half position when they are high quailty setups like this one is to me.
Indicators show the past. Price Action "Indicates" the future.
  • #67,344
  • Jun 25, 2010 2:52am Jun 25, 2010 2:52am
Quoting extraneo
but you talk very well
Thanks extraneo

Just let me know when I get carried away or out of hand . . . I'll do that at times.
Indicators show the past. Price Action "Indicates" the future.
  • #67,345
  • Jun 25, 2010 2:56am Jun 25, 2010 2:56am
Quoting joelcf
I've been itching to short Tiffany for months now.
Does Tiffany realise you want to do this?
  • #67,346
  • Jun 25, 2010 2:56am Jun 25, 2010 2:56am
Quoting jarroo
Absolutely. The traffic . . . pass. The structure, Open and Close not within the previous bar . . . pass.

Yes I took some off the table at the 1st target, previous bar Low. I usually will give more leeway to the 2nd half position when they are high quailty setups like this one is to me.

Just to add to this J.

Look at that big move down . . . then a big retrace up. . to retracement level(s) and BRN, PPZs . .it just looked too good for me to pass on.
Attached Image (click to enlarge)
Click to Enlarge Name: njjjaa.gif Size: 27 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,347
  • Jun 25, 2010 3:02am Jun 25, 2010 3:02am
Quoting Pinbar
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.
Pinbar are you able to change your charts I really want to see the details but they have got really dark for some reason. I don't remember them being like this.

EDIT

Now I see you have gone to the white charts - Now I can see. Thanks man.
  • #67,348
  • Jun 25, 2010 3:04am Jun 25, 2010 3:04am
Quoting jarroo
Absolutely. The traffic . . . pass. The structure, Open and Close not within the previous bar . . . pass.

Yes I took some off the table at the 1st target, previous bar Low. I usually will give more leeway to the 2nd half position when they are high quailty setups like this one is to me.
Thanks Jaroo - really appreciate the time you and all the others very generously give on this thread. Pure gold!

J
  • #67,349
  • Jun 25, 2010 3:04am Jun 25, 2010 3:04am
Quoting ghous
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.

You know me to well ghous. lol
Indicators show the past. Price Action "Indicates" the future.
  • #67,350
  • Jun 25, 2010 3:05am Jun 25, 2010 3:05am
New setup on 4H, EURAUD, in a downtrend on a swing high, at 23% ret. Comments please...
Attached Image (click to enlarge)
Click to Enlarge Name: 2506euraud.gif Size: 32 KB
  • #67,351
  • Jun 25, 2010 3:09am Jun 25, 2010 3:09am
Quoting mordre
New setup on 4H, EURAUD, in a downtrend on a swing high, at 23% ret. Comments please...
What's your target?
Indicators show the past. Price Action "Indicates" the future.
  • #67,352
  • Jun 25, 2010 3:11am Jun 25, 2010 3:11am
Quoting Pinbar
AUD/JPY looking interesting also.

EDIT: These black charts are just too hard to see.
Now that is an interesting BEOB.

And on the daily a pin bar starting the move that created this BEOB
I am going to call it a pin bar but there is no left eye because of the gap and there is no proxy.
It feels like a pin bar and price reacted like it was a pin bar.

Did we miss that "pin bar"?
Is this the gap pin bar - I claim that, the SG Pin Bar.
I claimed something else last week but I don't remember what that was.

I miss stuff on the thread when I haven't been for a bit.
I think we miss so many in reality.
Attached Image
  • #67,353
  • Jun 25, 2010 3:13am Jun 25, 2010 3:13am
Quoting jarroo
What's your target?
First target 1.4205 on H4 and second target 1.4165 on Daily, third target would be 1.3961 but it's a long way 'til there.
Btw, depending on how today closes (pin), Monday would be a great setup for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: 2506euraud2.gif Size: 32 KB
  • #67,354
  • Jun 25, 2010 3:15am Jun 25, 2010 3:15am
Quoting jarroo
Just to add to this J.

Look at that big move down . . . then a big retrace up. . to retracement level(s) and BRN, PPZs . .it just looked too good for me to pass on.
That's what tempted me - 61.8 Fib, BRN PPZ but but but.... - Looking for total perfection may be a little unrealistic - results in virtually nill trading (on dailies anyway)! This I think is a good example of basically a good trade (B+) i.e worth trading but mindful of the danger areas.

Potential weekly BEOB on this looks promising - bit small but in the right direction?

J
  • #67,355
  • Jun 25, 2010 3:17am Jun 25, 2010 3:17am
Let's see how it works out.
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Indicators show the past. Price Action "Indicates" the future.
  • #67,356
  • Jun 25, 2010 3:18am Jun 25, 2010 3:18am
Quoting jspeakman
That's what tempted me - 61.8 Fib, BRN PPZ but but but.... - Looking for total perfection may be a little unrealistic - results in virtually nill trading (on dailies anyway)! This I think is a good example of basically a good trade (B+) i.e worth trading but mindful of the danger areas.

Potential weekly BEOB on this looks promising - bit small but in the right direction?

J
I like your instincts J.
Indicators show the past. Price Action "Indicates" the future.
  • #67,357
  • Jun 25, 2010 3:23am Jun 25, 2010 3:23am
I spot a Fib confluence around 1.4849/65 where I will close half and BE.
  • #67,358
  • Jun 25, 2010 3:26am Jun 25, 2010 3:26am
Quoting mordre
I spot a Fib confluence around 1.4849/65 where I will close half and BE.
Any Daily or Weekly PPZ levels near by? Check that 1.4849 numer again
Indicators show the past. Price Action "Indicates" the future.
  • #67,359
  • Jun 25, 2010 3:31am Jun 25, 2010 3:31am
Quoting jarroo
Let's see how it works out.
1st Target or FTA hit . . . What do you do now??
Attached Image (click to enlarge)
Click to Enlarge Name: gu25a.gif Size: 24 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,360
  • Jun 25, 2010 3:33am Jun 25, 2010 3:33am
Quoting jarroo
Any Daily or Weekly PPZ levels near by? Check that 1.4849 numer again
There are a lot of Weekly lows and Daily lows and Highs around this area. The 1.4849 is 50% ret from this week's swing
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