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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

  • #70,621
  • Aug 5, 2010 2:14am Aug 5, 2010 2:14am
Quoting ertorque
Couldn't help but notice a H&S like pattern on the 1H (looks more like the head of Bart Simpson though)................
Yep posted this one elsewhere earlier (as u can see by the fact its old bars)
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  • #70,622
  • Aug 5, 2010 2:16am Aug 5, 2010 2:16am
Quoting pipmyride
Yep posted this one elsewhere earlier (as u can see by the fact its old bars)
Nice one pmr .
Indicators show the past. Price Action "Indicates" the future.
  • #70,623
  • Aug 5, 2010 2:18am Aug 5, 2010 2:18am
Quoting jarroo
Nice pmr . .I like the Space on this too.
Wot are ur thoughts on when/if moving to BE with so many rate numbers coming out soonish ... ?
  • #70,624
  • Aug 5, 2010 2:20am Aug 5, 2010 2:20am
Quoting pipmyride
Wot are ur thoughts on when/if moving to BE with so many rate numbers coming out soonish ... ?

Rate numbers? . .what the hell are those ? . . just kidding pmr

I really don't pay any attention to those news items.
Indicators show the past. Price Action "Indicates" the future.
  • #70,625
  • Aug 5, 2010 2:21am Aug 5, 2010 2:21am
Quoting jarroo
Rate numbers? . .what the hell are those ? . . just kidding pmr

I really don't pay any attention to those news items.
ok so you wont protect the position until u get your 1st target ?
  • #70,626
  • Aug 5, 2010 2:26am Aug 5, 2010 2:26am
Quoting pipmyride
ok so you wont protect the position until u get your 1st target ?

I may protect it sooner or take some off the table and/or leave my stop loss as is.


Looking at this level as a FTA.
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Indicators show the past. Price Action "Indicates" the future.
  • #70,627
  • Aug 5, 2010 2:29am Aug 5, 2010 2:29am
Quoting pipmyride
ok so you wont protect the position until u get your 1st target ?
If this was a bigger PB and showed a clear rejection of the 1.6000 ( up, thru & down) I would give more stop loss leeway.
Indicators show the past. Price Action "Indicates" the future.
  • #70,628
  • Aug 5, 2010 2:50am Aug 5, 2010 2:50am
mods, pl delete this if not allowed
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  • #70,629
  • Aug 5, 2010 2:51am Aug 5, 2010 2:51am
Quoting jarroo
If this was a bigger PB and showed a clear rejection of the 1.6000 ( up, thru & down) I would give more stop loss leeway.
yeh agree .. kinda why i only put a mid-size position on ..
  • #70,630
  • Aug 5, 2010 2:54am Aug 5, 2010 2:54am
Quoting pipmyride
yeh agree .. kinda why i only put a mid-size position on ..

I'm sure Mike took a pass. Uptrend may be just taking a breather.
Indicators show the past. Price Action "Indicates" the future.
  • #70,631
  • Aug 5, 2010 2:57am Aug 5, 2010 2:57am
Quoting pipmyride
yeh agree .. kinda why i only put a mid-size position on ..
lol opposite pin forming on h1 ...
  • #70,632
  • Aug 5, 2010 2:58am Aug 5, 2010 2:58am
Quoting jarroo
I'm sure Mike took a pass. Uptrend may be just taking a breather.
would agree with that but the breather should be good for 150 odd pips
  • #70,633
  • Aug 5, 2010 2:59am Aug 5, 2010 2:59am
Quoting jarroo
Yes Pb . .looks good.

I hear you Jarroo.

The PPZ are more than half the battle.
  • #70,634
  • Aug 5, 2010 3:01am Aug 5, 2010 3:01am
Quoting pipmyride
would agree with that but the breather should be good for 150 odd pips
lol That would be nice . . . at least be able to cover our risk .be it at break even or free trade . . and see if she runs.
Indicators show the past. Price Action "Indicates" the future.
  • #70,635
  • Aug 5, 2010 3:04am Aug 5, 2010 3:04am
Quoting roundrock
mods, pl delete this if not allowed
Thanks roundrock.
Indicators show the past. Price Action "Indicates" the future.
  • #70,636
  • Aug 5, 2010 3:16am Aug 5, 2010 3:16am
Quoting jarroo
GBP/USD
I've got this one on a much tighter leash - might try for a M15 scalp entry as we also have DBHLC on both the H1 formed and H4 forming - some nice PA confluence.....

Lets see...
In retrospect we learn. In perspective we earn.
  • #70,637
  • Aug 5, 2010 3:17am Aug 5, 2010 3:17am
Quoting Pinbar
I hear you Jarroo.

The PPZ are more than half the battle.
Hey Pb.

Price hit your 1.3265 PPZ level on the Euro almost to the pip and then fell. . .nice.
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Indicators show the past. Price Action "Indicates" the future.
  • #70,638
  • Aug 5, 2010 3:24am Aug 5, 2010 3:24am
Quoting fx_heaven
I've got this one on a much tighter leash - might try for a M15 scalp entry as we also have DBHLC on both the H1 formed and H4 forming - some nice PA confluence.....

Lets see...

Price is retesting the break right now (of the 2 Day PB). Lower time frame bearish PA at this level is not a bad way to go.
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Indicators show the past. Price Action "Indicates" the future.
  • #70,639
  • Aug 5, 2010 3:29am Aug 5, 2010 3:29am
Quoting ertorque
Couldn't help but notice a H&S like pattern on the 1H (looks more like the head of Bart Simpson though)................
Hey! Stop making fun of my family members!!!
  • #70,640
  • Aug 5, 2010 3:44am Aug 5, 2010 3:44am
Quoting Rustam
I'm not sure if this one has been discussed already (i'm a bit behind with posts)

U/J is in a downtrend and has moved back up to retest previous lows at the 61.8% fib and 86.5 RN. Theres a BEOB that formed. The trade looks quite good to me but the 86.00 BRN is just below the BEOB and price has already been rejected from it once in the last few hours. Would a short order below 86.00 be a wise move or should I just wait for another setup?

Those previous bar Lows at the 86.30-50 level or Support level may indeed turn into a Resistance level. I like your 61.8 fib confluence with that level. Just need bigger and clearer PA with a stop loss above that level.

I don't like a short below the the 86.00 without clearer PA but a short at the 86.30-50 level with a tight stop loss of say 25-30 pips wouldn't be bad.
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Indicators show the past. Price Action "Indicates" the future.
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