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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

  • #71,321
  • Aug 11, 2010 4:55pm Aug 11, 2010 4:55pm
Quoting oromek
thanks jarroo

i see your point, i was thinking that if current bar will finish as bullish PB, i can take it as 3-day swing low. But i see now it would be premature.
Besides this bar is not going to be PB, but i know now how would you treat situation like this

thanks
oromek
Good old BreakOut / Pull Back with PA. A Mike Classic.
Indicators show the past. Price Action "Indicates" the future.
  • #71,322
  • Aug 11, 2010 4:56pm Aug 11, 2010 4:56pm
Quoting jarroo
Yeah they look good aser. But I was looking for a Daily or Weekly PPZ level that would support that 4 hour PB.

The one you drew at the 1.3630ish looks good. Zoom out a bit and you can add that area (blue check mark) in the mix of the PPZ.

The 1.3500 BRN PPZ level looks to be the strongest, Price may want to go back and revisit that level.

With-the-trend PBs can be more forgiving, meaning that their size don't have to be huge to be effective as long as their location (PPZ level, swing High/Low)) are good.

But as Mike would say, Big bars...
Good evening Jarroo,
If I may .......
If I look at the daily chart we see that price is making HH's and HL's, the last HH made was just slightly higher than the previous HH, this means that the uptrend is slowing down. Furthermore price broke the TL today and found support at the BRN 13600. But the uptrend is still intact, the uptrend will end when price :
(1) Makes a LH and (2) breaks the previous LH at 13600
Until then price is still trending up.
If during the next days price pulls back and then makes a LH, the uptrend will probably reverse. Please give me your comment on this one Jarroo.

May the force be with you,
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Pipcrawler
  • #71,323
  • Aug 11, 2010 4:57pm Aug 11, 2010 4:57pm
Quoting jarroo
lol yeah . . . I think it was something deeper than a kiss. lol No bullish PA forming here. lol

Price cutting through the 1.3000 like butter tells me how strong this downward move is . . strength-wise alot of momentum.

Looks like I should re-submit that post and just change the date.
Jarro I think she just expected something more deeper.She was too exicted so was better just change date and she'll cool down little bit.

P.s. I hope my girlfriend doesn't look ove my shoulder and read this otherwise she send me to sleep in the lining room and cool me down.
  • #71,324
  • Aug 11, 2010 5:13pm Aug 11, 2010 5:13pm
Quoting xmzhang
Good evening Jarroo,
If I may .......
If I look at the daily chart we see that price is making HH's and HL's, the last HH made was just slightly higher than the previous HH, this means that the uptrend is slowing down. Furthermore price broke the TL today and found support at the BRN 13600. But the uptrend is still intact, the uptrend will end when price :
(1) Makes a LH and (2) breaks the previous LH at 13600
Until then price is still trending up.
If during the next days price pulls back and then makes a LH, the uptrend will probably reverse. Please...
I'll be back . . .cable guy is here
Indicators show the past. Price Action "Indicates" the future.
  • #71,325
  • Aug 11, 2010 5:23pm Aug 11, 2010 5:23pm
Quoting xmzhang
Good evening Jarroo,
If I may .......
If I look at the daily chart we see that price is making HH's and HL's, the last HH made was just slightly higher than the previous HH, this means that the uptrend is slowing down. Furthermore price broke the TL today and found support at the BRN 13600. But the uptrend is still intact, the uptrend will end when price :
(1) Makes a LH and (2) breaks the previous LH at 13600
Until then price is still trending up.
If during the next days price pulls back and then makes a LH, the uptrend will probably reverse. Please...
how about?
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  • #71,326
  • Aug 11, 2010 5:36pm Aug 11, 2010 5:36pm
Quoting jarroo
Maybe off the mark a little bit but not by much Pb. . . so you fine tune it a bit . . .that's why we practise.

You nailed the 88.00 and 87.00.

LOL

Funny, looking at those old charts, how I missed those major PPZ.
It was great that at the time, you did not mention that Jarroo, but left it for future reference. It is also good that I can go back and learn from these mistakes. I suppose that is the secret behind keeping a journal and an important factor.

I was just reading the post by someone who mentioned they saw a good setup but could not pull the trigger, YOU ARE NOT ALONE.

SC, replied saying, if you can't pull the trigger you are not ready and need more practice.

I think back at me feeling this apprehension on my live account when I opened it but I could still pull the trigger. Funnily enough it seems harder to pull the trigger now than then, probably because I have a little more knowledge than at that time.

I shall work on this on demo.

Again, many thanks Jarroo. I hesitate to even consider just where many of us would be right now without the kind assistance of people in this thread.
But, at the same time, I can see many of us refunding our accounts and trading on hope, till there is no more hope left.
  • #71,327
  • Aug 11, 2010 7:36pm Aug 11, 2010 7:36pm
this has been a very slow month. On all timeframes. Todays massive drop wasn't indicated with any PA.

yawn.


anyone else concur?
Many choose unhappiness over uncertainty.
  • #71,328
  • Aug 11, 2010 7:40pm Aug 11, 2010 7:40pm
Quoting Dan Gilbert
this has been a very slow month. On all timeframes. Todays massive drop wasn't indicated with any PA.

yawn.


anyone else concur?
I see we have had some Dan Gilbert special IBs on Eu (first chart) and Usd/Cad (second chart) 4H charts

g.
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I believe . . .
  • #71,329
  • Aug 11, 2010 7:45pm Aug 11, 2010 7:45pm
Quoting ghous
I see we have had some Dan Gilbert special IBs on Eu (first chart) and Usd/Cad (second chart) 4H charts

g.

I dislike draw down too much to play I4Bs on small timeframes/not straddling VBRNs....

a I4B can form on 4hr at slow market times (like after US close) which essentially makes them meaningless.
Many choose unhappiness over uncertainty.
  • #71,330
  • Aug 11, 2010 7:50pm Aug 11, 2010 7:50pm
Quoting Dan Gilbert
this has been a very slow month. On all timeframes. Todays massive drop wasn't indicated with any PA.

yawn.


anyone else concur?
The best probable set up that I had been watching since the weekend was this weekly I4B to break up/down on AUDJPY. Other than that I certainly agree with you.

K.I.S.S.
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  • #71,331
  • Aug 11, 2010 7:53pm Aug 11, 2010 7:53pm
Quoting xmzhang
Good evening Jarroo,
If I may .......
If I look at the daily chart we see that price is making HH's and HL's, the last HH made was just slightly higher than the previous HH, this means that the uptrend is slowing down. Furthermore price broke the TL today and found support at the BRN 13600. But the uptrend is still intact, the uptrend will end when price :
(1) Makes a LH and (2) breaks the previous LH at 13600
Until then price is still trending up.
If during the next days price pulls back and then makes a LH, the uptrend will probably reverse. Please...
I like your analysis xmz, on the LH break. Price sure has made a strong move down to see that throught. Either way these PPZ levels will play an important role . .now we just need some hard breaking PA to continue to complete the picture. . . .as we have been having.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,332
  • Aug 11, 2010 7:59pm Aug 11, 2010 7:59pm
Quoting mbqb11
how about?
Nice Mike . . I like the 61.8/1.3400 confluence too.


But hey . . 1.3500/50% has got to Rule. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #71,333
  • Aug 11, 2010 8:03pm Aug 11, 2010 8:03pm
Quoting Pinbar
LOL

Funny, looking at those old charts, how I missed those major PPZ.
It was great that at the time, you did not mention that Jarroo, but left it for future reference. It is also good that I can go back and learn from these mistakes. I suppose that is the secret behind keeping a journal and an important factor.

I was just reading the post by someone who mentioned they saw a good setup but could not pull the trigger, YOU ARE NOT ALONE.

SC, replied saying, if you can't pull the trigger you are not ready and need more practice.

I think back...

Thanks brother . . .Keep at it Pb . . .you'll get there.
Indicators show the past. Price Action "Indicates" the future.
  • #71,334
  • Aug 11, 2010 8:29pm Aug 11, 2010 8:29pm
I have a little target. Hope it goes well..

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  • #71,335
  • Aug 11, 2010 8:30pm Aug 11, 2010 8:30pm
Quoting The Lord
I have a little target. Hope it goes well..
That's a tough one Lord . . pretty small PB to counter that down move.
Indicators show the past. Price Action "Indicates" the future.
  • #71,336
  • Aug 11, 2010 8:39pm Aug 11, 2010 8:39pm
Quoting jarroo
That's a tough one Lord . . pretty small PB to counter that down move.
Well that's why he must to pray now.
  • #71,337
  • Aug 11, 2010 8:40pm Aug 11, 2010 8:40pm
Quoting Fxfighter
Well that's why he must to pray now.

Yeah that's for sure lol . . .and keep that stop loss pretty tight.
Indicators show the past. Price Action "Indicates" the future.
  • #71,338
  • Aug 11, 2010 8:42pm Aug 11, 2010 8:42pm
Quoting The Lord
I have a little target. Hope it goes well..

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That isn't even a falling knife you are trying to catch there. More of a falling chainsaw.
When you have to shoot, shoot. Dont talk.
  • #71,339
  • Aug 11, 2010 8:45pm Aug 11, 2010 8:45pm
Quoting jarroo
Thanks brother . . .Keep at it Pb . . .you'll get there.

Thanks for the encouragement jarroo.
Not so sure at this rate, though.

Anyway, not to be put off by ones lack of progress, I am looking at ranges and am just watching USD/CHF to see how these work.

Maybe we will have a breakout.
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  • #71,340
  • Aug 11, 2010 8:46pm Aug 11, 2010 8:46pm
Quoting The Lord
I have a little target. Hope it goes well..

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What other confluences did you use to support your decision?
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