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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

  • #71,041
  • Aug 10, 2010 1:03am Aug 10, 2010 1:03am
Quoting zoopy
From now on, every time I draw out my PPZs, I'm going to be seeing images of BBQ'd squirrels.
lol . . .I hear they taste a little like chicken. ..lol
Indicators show the past. Price Action "Indicates" the future.
  • #71,042
  • Aug 10, 2010 1:14am Aug 10, 2010 1:14am
Quoting xmzhang
Hey Mike,
I've a remark on the kiwi. According to me this pair is consolidating at the moment on the daily between two BRN, range-support at about 7200 and

May the force be with you,
Quoting mbqb11
Hey zhang

thanks for sharing your analysis seems all logical to me.

I think if this bullish flag is valid we can expect a move in the long term to retest the high of the flag pattern just above the BRN above 7500. There was a pinbar off this pattern, but the pattern was sort of shifty over the last few weeks so I didn't pull the trigger on it

we shall see!

Great charts guys . .I'll be watching . .
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Indicators show the past. Price Action "Indicates" the future.
  • #71,043
  • Aug 10, 2010 1:20am Aug 10, 2010 1:20am
Quoting Pinbar
Zoopy.

Many thanks for bringing this up and pointing us to that chart of Jarroo's.

Many times I have found myself drawing PPZ but, when I go back and look at the chart, I realize that often I have really only being drawing either the support or the resistance. Then thinking about this, sometimes I could not see the difference between S&R & PPZ. This post you made with Jarroo explaining it, greatly clears things up.

Now, I can look at the chart sort of like this and not get so confused.

EDIT: This concept really helps me look at PPZ as areas...

Nice post Pb


Remember when we were going over PPZ levels. .I forgot when it was. . . I think in May . . remember this chart Weekly Usd/MXN . . interesting don't you think?
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Indicators show the past. Price Action "Indicates" the future.
  • #71,044
  • Aug 10, 2010 1:26am Aug 10, 2010 1:26am
Quoting spookie94
A squirrel could sit there for a while though, not grounded won't get shockedhttp://cdn.forexfactory.com/images/icons/icon10.gif

Yeah lol . . until the order flow turns on the switch.
Indicators show the past. Price Action "Indicates" the future.
  • #71,045
  • Aug 10, 2010 1:29am Aug 10, 2010 1:29am
Quoting zoopy
When the squirrel gets shocked and leaves a burning trail, that's what we call a "pinbar". The longer the burning trail, the better the setup LOL

That's a good one zoopy . . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,046
  • Aug 10, 2010 1:34am Aug 10, 2010 1:34am
Quoting jarroo
Yeah lol . . until the order flow turns on the switch.
i think most will agree that visuals are a GREAT way to learn.
Inserted Video


http://www.flickr.com/photos/crayzy_ray/2535894719/


http://sprinklerdoc.com/brewandmichael.jpg
http://blogs.thegotonerd.com/twht/im...20Squirrel.jpghttp://www.newscientist.com/blog/las...tem-748084.jpg

btw, the last one looks like a PB ...or an IPB. LOL

(NOTE: i AM an animal lover; im not making fun per se of the squirrels; my main goal for this post is to try & put across the feeling of how it's like to be electrocuted.... to have/help newbies, & old traders alike, burn that thought/feeling in their minds, to instill discipline & patience)
  • #71,047
  • Aug 10, 2010 1:40am Aug 10, 2010 1:40am
Quoting supremeChaos
i think most will agree that visuals are a GREAT way to learn.


btw, the last one looks like a PB ...or an IPB. LOL
OOhhh man . . .

better example of Price stuck in consolidation . . lololol
Indicators show the past. Price Action "Indicates" the future.
  • #71,048
  • Aug 10, 2010 1:45am Aug 10, 2010 1:45am
poor little pinbar
  • #71,049
  • Aug 10, 2010 1:48am Aug 10, 2010 1:48am
Quoting Adilius07
poor little pinbar
lol this is cracking me up
Indicators show the past. Price Action "Indicates" the future.
  • #71,050
  • Aug 10, 2010 1:55am Aug 10, 2010 1:55am
Quoting supremeChaos
.. just checked my platforms to see my gbpusd shorts went ok & hit my conservative targets during my sleep.
Here are 2 charts showing what i see

First chart
daily chart where i plot PPZs
light blue lines are 1.6000 &1.5000.
violet lines are daily PPZs (1.5830, 1.5530, 1.5350, 1.5200, 1.5100)

Second chart (zoomed in for clarity; H4 chart)
this shows the reasons for trading short.
PB off of 1.6000 followed shortly by a BEOB (1st & second arrow). 3rd arrow shows an IB. i had my entries on this bar...

Nice analysis sChaos . . . and nice Charts.

I just wanted to mention that the previous bars Highs in purple played a big role as well in this trade. Once Price started to respected those highs (1.5966) it became strong proven Resistance (purple Highs).

Looks like Price is heading for the 1.5700.

Nice trades Chaos.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,051
  • Aug 10, 2010 2:03am Aug 10, 2010 2:03am
Quoting supremeChaos
.. just checked my platforms to see my gbpusd shorts went ok & hit my conservative targets during my sleep.
Here are 2 charts showing what i see

First chart
daily chart where i plot PPZs
light blue lines are 1.6000 &1.5000.
violet lines are daily PPZs (1.5830, 1.5530, 1.5350, 1.5200, 1.5100)

Second chart (zoomed in for clarity; H4 chart)
this shows the reasons for trading short.
PB off of 1.6000 followed shortly by a BEOB (1st & second arrow). 3rd arrow shows an IB. i had my entries on this bar too....
This is a nice trade! Congrats, Supreme!!!
I see you use separate platforms for charting and execution. Helps to verify price feed too, I would need to do the same.
  • #71,052
  • Aug 10, 2010 2:20am Aug 10, 2010 2:20am
Quoting ghous
Ditto!

Hey ghous

I thought I would show a couple of current IPBs that look similar but are not. Mainly the importance of location of the IPBs.

Even though the Cad/Chf Weekly IPB looking PB (or is that PB looking IPB ) is working out we still pass on it. We must adhere to ghous strict criteria for IPBs placements.

Where as the Weekly Usd/Chf IPB was a no-brainer, although it was in a consolidation area I have found there can be just as predicable as any other quality PA formation in consolidation . . James16: trading in a sideways market . . But IPBs, as you stress ghous, at Swing Highs/Lows are more of the ideal situation.

( I know I predicted the 1.0000 on the Cad/Chf PB but the caveat was . .of course . . on the break of the PB. )


Cheers Ghous.


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #71,053
  • Aug 10, 2010 2:51am Aug 10, 2010 2:51am
Quoting supremeChaos
i think most will agree that visuals are a GREAT way to learn.



http://blogs.thegotonerd.com/twht/im...20Squirrel.jpg
What does this one represent?! Stop Loss hit?
  • #71,054
  • Aug 10, 2010 2:52am Aug 10, 2010 2:52am
Quoting supremeChaos
i think most will agree that visuals are a GREAT way to learn.
http://www.youtube.com/watch?v=4PRF39gcUoc

http://www.flickr.com/photos/crayzy_ray/2535894719/


http://sprinklerdoc.com/brewandmichael.jpg
http://blogs.thegotonerd.com/twht/im...20Squirrel.jpghttp://www.newscientist.com/blog/las...tem-748084.jpg

btw, the last one looks like a PB ...or an IPB. LOL

(NOTE: i AM an animal lover; im not making fun per se of the squirrels;...
Wait till someone from PETA drops by the James16thread.

I believe . . .
  • #71,055
  • Aug 10, 2010 2:56am Aug 10, 2010 2:56am
Quoting jarroo
Hey ghous

I thought I would show a couple of current IPBs that look similar but are not. Mainly the importance of location of the IPBs.

Even though the Cad/Chf Weekly IPB looking PB (or is that PB looking IPB ) is working out we still pass on it. We must adhere to ghous strict criteria for IPBs placements.

Where as the Weekly Usd/Chf IPB was a no-brainer, although it was in a consolidation area I have found there can be just as predicable as any other quality PA formation in consolidation . . James16: trading in a sideways market...
I too find them to be very reliable in range bound markets Jim,



g.
I believe . . .
  • #71,056
  • Aug 10, 2010 2:57am Aug 10, 2010 2:57am
Quoting Jonnyislost
What does this one represent?! Stop Loss hit?
no.
(permanent) Margin Call..

Quoting ghous
Wait till someone from PETA drops by the James16thread.
im ahead of the game, ghous.
Quoting supremeChaos
...
(NOTE: i AM an animal lover...


wait, i model for PETA too. just kidding, lol
  • #71,057
  • Aug 10, 2010 3:06am Aug 10, 2010 3:06am
Hello fellas, hope your trading is going well..

As I am still learning how to properly draw PPZs, I wanted to drop a chart to see if anyone can point out whether or not I drew the PPZ's correctly. This is the daily gbpjpy chart, but I took the short setup earlier based off 1h setup.
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  • #71,058
  • Aug 10, 2010 3:13am Aug 10, 2010 3:13am
Quoting Pipologist99
Hello fellas, hope your trading is going well..

As I am still learning how to properly draw PPZs, I wanted to drop a chart to see if anyone can point out whether or not I drew the PPZ's correctly. This is the daily gbpjpy chart, but I took the short setup earlier based off 1h setup.
hey Kem.

Nice to see you posting around.

Those are nicely drawn. I would only synchronize them with round numbers. The lower one would be the 138.00 level and the higher one would be the 140.00 region - so that the entire 138-140ish area becomes a Price pivot zone where I can look for trade setups.

cheers.

g.
I believe . . .
  • #71,059
  • Aug 10, 2010 3:31am Aug 10, 2010 3:31am
not sure, if this pb has been posted already.
any idea?
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meine augen sind die sterne
  • #71,060
  • Aug 10, 2010 3:32am Aug 10, 2010 3:32am
Quoting aserbfx
not sure, if this pb has been posted already.
any idea?
Yes Aser, I'm on it, monitoring. The one thing I do not like if it closes like this is that my entry would happen to be right about 0.7240 - The PPZ as I see it..
If it closes a little above - would be playable for me.

Oh wait a minute! We have different times my bar still has 25 minutes to go...
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