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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

  • #70,421
  • Aug 3, 2010 12:18am Aug 3, 2010 12:18am
Quoting Adilius07
Jarroo, thanks a lot for reply. I would start carefully monitoring my charts for possible IPB's
Read over several times Ghous posts on IPBs and some of mine. Be very picky with these.
Indicators show the past. Price Action "Indicates" the future.
  • #70,422
  • Aug 3, 2010 12:28am Aug 3, 2010 12:28am
Quoting fx_heaven
Snap!, I'm watching this one also Jarroo, and its similar on the GBP/AUD.

There is also a BUOB on the H1 on a small pullback, however its heading right into a BRN and some interesting resistance so I moved it to my virtual trading list to watch for a bit of fun.

Nothing wrong with a bit of fun, fxheaven.

Remember these are not best setups, the Gbp/Aud is worst in that its in the middle of everything.

Good thing Mike is not around . . he wouldn't even take a second look at these setup and rightfully so. But the key to Eur/Aud is the Location . . its that always the case.
Indicators show the past. Price Action "Indicates" the future.
  • #70,423
  • Aug 3, 2010 12:34am Aug 3, 2010 12:34am
Quoting joelcf
http://en.wikipedia.org/wiki/Onion_Futures_Act

I never knew that . . .hilarious . . .
Indicators show the past. Price Action "Indicates" the future.
  • #70,424
  • Aug 3, 2010 12:35am Aug 3, 2010 12:35am
Quoting jarroo
Nothing wrong with a bit of fun, fxheaven.

Remember these are not best setups, the Gbp/Aud is worst in that its in the middle of everything.

Good thing Mike is not around . . he wouldn't even take a second look at these setup and rightfully so. But the key to Eur/Aud is the Location . . its that always the case.
For sure.

Both had Daily and lower time frame price action which is great for pushing through levels, but it was all just too tight for any kind of sensible entry.
In retrospect we learn. In perspective we earn.
  • #70,425
  • Aug 3, 2010 12:39am Aug 3, 2010 12:39am
Quoting fx_heaven
For sure.

Both had Daily and lower time frame price action which is great for pushing through levels, but it was all just too tight for any kind of sensible entry.
The Eur/Aud had a bit of space to it . .but I agree fx_heaven . . . too much traffic not enough space.
Indicators show the past. Price Action "Indicates" the future.
  • #70,426
  • Aug 3, 2010 12:48am Aug 3, 2010 12:48am
Quoting jarroo
Let's watch this one or demo it. Bullish PB on the Daily Eur/Aud.

Not the biggest nor at a swing low. It has a PPZ level supporting it, 1.4350ish. Its head is at a PPZ level, 1.4450 and running into the 1.4500 BRN. Not the best setup . . an easy pass for the smart, picky trader. But let's see where it goes. A free trade to the 1.4500 would be my play but let's just watch it for now.


I'll be back later.

Any demos on this one?

Location and PPZ support made it happen.
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Indicators show the past. Price Action "Indicates" the future.
  • #70,427
  • Aug 3, 2010 12:56am Aug 3, 2010 12:56am
jaroo so eu shld move to 1.35?

what u say on this XAU/USD
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  • #70,428
  • Aug 3, 2010 1:00am Aug 3, 2010 1:00am
Does anyone have any suggestions how to get the most out of this thread? I've been going through it slowly (on page 250 at the moment) as I'm reading the latest posts here. I've downloaded the thread summaries and now I'm going to read them with a notebook and write down the stuff I find interesting. What was your approach to this thread?
  • #70,429
  • Edited 1:14am Aug 3, 2010 1:02am | Edited 1:14am
Quoting mistersimple
jaroo so eu shld move to 1.35?

what u say on this XAU/USD
Euro may have some problems at the 1.3265ish level . . previous Support.

Any PPZ levels lining up with those Fibs on the XAU/Usd?
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #70,430
  • Aug 3, 2010 1:12am Aug 3, 2010 1:12am
Quoting mihazupan1
Does anyone have any suggestions how to get the most out of this thread? I've been going through it slowly (on page 250 at the moment) as I'm reading the latest posts here. I've downloaded the thread summaries and now I'm going to read them with a notebook and write down the stuff I find interesting. What was your approach to this thread?
The way your doing it sounds good to me.

If someone would ask how to go through this Thread, I would direct them to this post.
Indicators show the past. Price Action "Indicates" the future.
  • #70,431
  • Aug 3, 2010 1:13am Aug 3, 2010 1:13am
Quoting mihazupan1
Does anyone have any suggestions how to get the most out of this thread? I've been going through it slowly (on page 250 at the moment) as I'm reading the latest posts here. I've downloaded the thread summaries and now I'm going to read them with a notebook and write down the stuff I find interesting. What was your approach to this thread?
I went through all summaries. Through all website guest materials.
And I also opened the Attachments to this thread, downloaded all images (took me an hour) and went trhough all of images through weekend - quickly. (many images are just questions from newbies like us - you will spot them easy, some are from seniors with examples - also spotable. And the last thing I did and still do, I choose some Senior, click on him and them go through all his posts. Right now I am working on Jarroo

I hope this helps.
  • #70,432
  • Aug 3, 2010 1:17am Aug 3, 2010 1:17am
jaroo, xau .. off 50 +61.8 + down channel + pivot + elliot wave

or not?
  • #70,433
  • Aug 3, 2010 1:17am Aug 3, 2010 1:17am
Quoting Adilius07
And I also opened the Attachments to this thread, downloaded all images (took me an hour) and went trhough all of images through weekend - quickly. (many images are just questions from newbies like us - you will spot them easy, some are from seniors with examples - also spotable.
Sounds like a good suggestion. Would you mind sending me those attachments and saving me some time ?
  • #70,434
  • Aug 3, 2010 1:21am Aug 3, 2010 1:21am
Quoting mihazupan1
Sounds like a good suggestion. Would you mind sending me those attachments and saving me some time ?
PM me your email
  • #70,435
  • Edited 1:36am Aug 3, 2010 1:24am | Edited 1:36am
Quoting mistersimple
jaroo, xau .. off 50 +61.8 + down channel + pivot + elliot wave

or not?
Some bearish PA at the 1195.00 would look nice. If that's what you mean.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #70,436
  • Aug 3, 2010 1:43am Aug 3, 2010 1:43am
Price hits its target(s) (previous bars highs) and reacts . .surprise, surprise.
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Indicators show the past. Price Action "Indicates" the future.
  • #70,437
  • Aug 3, 2010 2:06am Aug 3, 2010 2:06am
Quoting jarroo
Price hits its target(s) (previous bars highs) and reacts . .surprise, surprise.
Hey Jarroo,
I also noticed on my 4H Guppy chart a bearish divergence of price and MACD, which was confirmed by a DBHLC. But right after the DBHLC price made a green bar engulfing the previous DBHLC, so now we see a BuOB after that price dropped. Would you have taken the trade on the DBHLC ?

May the force be with you,
Pipcrawler
  • #70,438
  • Aug 3, 2010 2:07am Aug 3, 2010 2:07am
Man what a dry couple of weeks, markets are really testing my patience lately,
This is the first decent looking setup i've seen for a while according to my rules

GBP/AUD
3 Hour chart
Pin Bar
1.75 BRN
Divergence
Targets/Trouble areas marked in grey

On the downside it's pretty traffic-y
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  • #70,439
  • Aug 3, 2010 2:22am Aug 3, 2010 2:22am
Nice chance to get in on the aussie uptrend train if the current candle will close like it looks now.

To pre-empt any questions: Alpari UK feed, 50 SMA, 10 through 21 EMA with 10 and 21 white, 11 through 20 gold colored.

Attached Image (click to enlarge)
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It's not about how much you make, it's about how much you don't lose.
  • #70,440
  • Aug 3, 2010 2:45am Aug 3, 2010 2:45am
Appart from gbpjpy, gbpcad BO+PB trade is also working fine.
Took the 1H PB.
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