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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

  • #69,881
  • Jul 27, 2010 7:44pm Jul 27, 2010 7:44pm
Looks like we will never discover the secrets of his wierd wikipedia and real time price dynamics.

I was looking for his posts and see they have emigrated to the dump and his visa has been cancelled.

jopollin
Membership Denied
  • #69,882
  • Jul 27, 2010 7:48pm Jul 27, 2010 7:48pm
Quoting six gun
Looks like we will never discover the secrets of his wierd wikipedia and real time price dynamics.

I was looking for his posts and see they have emigrated to the dump and his visa has been cancelled.

jopollin
Membership Denied
must of had multiple usernames or something lol
  • #69,883
  • Jul 27, 2010 8:15pm Jul 27, 2010 8:15pm
Quoting mbqb11
must of had multiple usernames or something lol
He certainly had something...
  • #69,884
  • Jul 27, 2010 8:46pm Jul 27, 2010 8:46pm
I missed this move while evaluating to take it or not. oh well...
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  • #69,885
  • Jul 27, 2010 8:47pm Jul 27, 2010 8:47pm
Cons: Not swing low

Pros: Good size BUOB
Broke the consolidation or traffic of the last few weeks
Broke daily PPZ 136.30
Has room to run
Edit:Has divergence

FTA is weekly PPZ - Between 138.75 and 139.00

Green Lines: Daily PPZ
Pink Lines: Weekly PPZ
Red Lines: Monthly PPZ

Comments, please ?
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  • #69,886
  • Jul 27, 2010 8:56pm Jul 27, 2010 8:56pm
Quoting Hitchhiker
Does anyone have a pinbar on the NZD/USD daily?
I do.. but has not analyzed yet to take it..
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  • #69,887
  • Jul 27, 2010 9:16pm Jul 27, 2010 9:16pm
Quoting cprao
Comments, please ?
Hey cprao,

This is just my view on it, but the continuation play on a breakout can be risky. To be honest, this doesn't even look like a BUOB as the low is higher than the prior low. I attached a chart of what I would be looking for in the next few bars. A rejection off of 135.00 would be ideal.

I attached another setup that shows what I would be looking for.

Hope this helps.

-- Danny
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  • #69,888
  • Jul 27, 2010 9:20pm Jul 27, 2010 9:20pm
Quoting cprao
Cons: Not swing low

Pros: Good size BUOB
Broke the consolidation or traffic of the last few weeks
Broke daily PPZ 136.30
Has room to run
Edit:Has divergence

FTA is weekly PPZ - Between 138.75 and 139.00

Green Lines: Daily PPZ
Pink Lines: Weekly PPZ
Red Lines: Monthly PPZ

Comments, please ?
FTA?

135.50 area has been some redic res. A retrace to that are for a long looks pretty nice.
  • #69,889
  • Edited 9:36pm Jul 27, 2010 9:24pm | Edited 9:36pm
Space question.

How far back is traffic going to still be in effect?
I mean if you go back far enough, I am sure we will always find some traffic.

Just watching this marginal pin on NZD/USD which looks like it may be going against the weekly and actually looks more like a pullback in the trend continuation. No confluence I can see here.
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  • #69,890
  • Jul 27, 2010 9:25pm Jul 27, 2010 9:25pm
How many pairs are you guys watching? I assume quite a few since the lowest you're looking to trade is 4hrs...? I have about 10 along with gold.
  • #69,891
  • Jul 27, 2010 9:34pm Jul 27, 2010 9:34pm
Quoting True777
How many pairs are you guys watching? I assume quite a few since the lowest you're looking to trade is 4hrs...? I have about 10 along with gold.
I look at about 18 pairs on my FXDD feed.

-- Danny
  • #69,892
  • Jul 27, 2010 9:36pm Jul 27, 2010 9:36pm
Quoting True777
How many pairs are you guys watching? I assume quite a few since the lowest you're looking to trade is 4hrs...? I have about 10 along with gold.
I watch about 30ish on all timeframes(4hr lower)

and about 60ish on daily/weekly
  • #69,893
  • Jul 27, 2010 9:42pm Jul 27, 2010 9:42pm
Quoting mbqb11
I watch about 30ish on all timeframes(4hr lower)

and about 60ish on daily/weekly
Mike, does that include the Dow 30 on the dailies?
  • #69,894
  • Edited 10:01pm Jul 27, 2010 9:49pm | Edited 10:01pm
Quoting bluetrader
Hey cprao,

This is just my view on it, but the continuation play on a breakout can be risky. To be honest, this doesn't even look like a BUOB as the low is higher than the prior low. I attached a chart of what I would be looking for in the next few bars. A rejection off of 135.00 would be ideal.

I attached another setup that shows what I would be looking for.

Hope this helps.

-- Danny
I agree. I am not planning to trade this as continuon bar.

You are right. it is not BUOB. It is DBLHC. There is one pip differrence between both the lows which is acceptable. I am also on FXDD.

The reason I am thinking about this is, it broke almost more than 30 days consolidation with a good PA. So I believe the consolidation will act as a good PPZ to provide enough momentum to reach weekly PPZ.

EDIT: I could be totally wrong on my analysis..
  • #69,895
  • Jul 27, 2010 9:50pm Jul 27, 2010 9:50pm
Quoting bluetrader
Mike, does that include the Dow 30 on the dailies?
I only watch forex and spot gold/silver markets personally
  • #69,896
  • Jul 27, 2010 9:52pm Jul 27, 2010 9:52pm
Quoting mbqb11
I watch about 30ish on all timeframes(4hr lower)

and about 60ish on daily/weekly
Wow man, fxdd doesn't even have that many pairs.

Sorry for all the newb questions but what all do you use for sup/res to look for these pa setups on...cause one thing I really like about the pa trading is the clean charts and not having 87 different indicators. So as far as MA's, pivots, trendlines fibs...
  • #69,897
  • Jul 27, 2010 9:55pm Jul 27, 2010 9:55pm
Quoting True777
Wow man, fxdd doesn't even have that many pairs.

Sorry for all the newb questions but what all do you use for sup/res to look for these pa setups on...cause one thing I really like about the pa trading is the clean charts and not having 87 different indicators. So as far as MA's, pivots, trendlines fibs...
I use FXpro for my charting for my main charting(not my broker though)

I don't have any indicators really. I use macd for divg which stays pretty much minimized unless I want to quickly confirm divergence. I don't use trendlines really, mostly breakout patterns, otherwise I just look at price and the chart and observe things like PPZ, round numbers(which I have drawn) I don't use fibs(I can eyeball it so I don't see the need to draw them really).

Best
Mike
  • #69,898
  • Jul 27, 2010 10:02pm Jul 27, 2010 10:02pm
Quoting james16
It wont be up for long as i still have some work to do but come over right now and help me see if its working correctly.

http://www.james16group.us/Guests/guestchat.html
I thought this Thread was the chat room . . .lol (just kidding)


Cool Jim . .
Indicators show the past. Price Action "Indicates" the future.
  • #69,899
  • Jul 27, 2010 10:04pm Jul 27, 2010 10:04pm
Quoting squeezy
also look out for the size of previous bar(s) with respect to ur pa bar.
can u see the size of the immediate previous bullish bar compared to that pin.
now u can use supremechaos' chocolate analog to analyse this scenario. lol
hello guys, its been a while....how's everybody doing?

Squeezy

Hey Squeezy . .what's up buddy.
Indicators show the past. Price Action "Indicates" the future.
  • #69,900
  • Jul 27, 2010 10:07pm Jul 27, 2010 10:07pm
Quoting mbqb11
I use FXpro for my charting for my main charting(not my broker though)

I don't have any indicators really. I use macd for divg which stays pretty much minimized unless I want to quickly confirm divergence. I don't use trendlines really, mostly breakout patterns, otherwise I just look at price and the chart and observe things like PPZ, round numbers(which I have drawn) I don't use fibs(I can eyeball it so I don't see the need to draw them really).

Best
Mike
Haha to one day "eyeball" it would be great ;-)

Does Fxpro have a NY midnight close on the daily candle? I heard that that is a must when trading this style...true untrue?
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