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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

  • #74,141
  • Sep 7, 2010 4:32am Sep 7, 2010 4:32am
John,
if you missed my earlier post, then here it is again: http://www.forexfactory.com/showpost...6&postcount=32
It's a link to my linkfest thread, I made a James16 special and there are quite a few links on R&S + PPZ.
If you don't risk, you don't ever have to lose.
  • #74,142
  • Sep 7, 2010 4:45am Sep 7, 2010 4:45am
Quoting anderou
Okay, AUD/USD closed...
EDIT: the TPLC in the chart should be TTLC (TRIPPLE TOP LOWER CLOSE)
cool trades, cool names -- DTLC & TTLC

just to clear the air of confusion, just in case (DTLC & TTLC are registered to anderou )
  • #74,143
  • Sep 7, 2010 4:46am Sep 7, 2010 4:46am
ok thanks supremeChaos and bug
  • #74,144
  • Sep 7, 2010 5:01am Sep 7, 2010 5:01am
Here is another example of an dbhlc (double bar high lower close) or as I call them dtlc (double top lower close). I did not take this trade as I did not like the choppy nature of the pair the last few sessions. But it would've worked, I do not mind though as there are enough better setups to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chf jpy dt.gif Size: 36 KB
Thank you j16!
  • #74,145
  • Sep 7, 2010 5:09am Sep 7, 2010 5:09am
just for fun while waiting for some perfect setup

Trading in the Stone Age

(and just ignore the commercial ad at the end )
  • #74,146
  • Sep 7, 2010 5:13am Sep 7, 2010 5:13am
pin on aud/usd h4.
Attached Image (click to enlarge)
Click to Enlarge Name: au6.gif Size: 21 KB
meine augen sind die sterne
  • #74,147
  • Sep 7, 2010 5:26am Sep 7, 2010 5:26am
Quoting aserbfx
pin on aud/usd h4.
i havent checked most pairs, but i feel bad for audusd.
it's being dragged down by other $ pairs & $ strength

pretty small PB... if it succeeds, probably only gonna reach 0.9130area
it might not even get triggered
  • #74,148
  • Sep 7, 2010 5:30am Sep 7, 2010 5:30am
Quoting aserbfx
pin on aud/usd h4.
I do like this pin.
Thank you j16!
  • #74,149
  • Sep 7, 2010 5:38am Sep 7, 2010 5:38am
Quoting anderou
I do like this pin.
This pin could work but I will pass, I would like to see a deeper retracement of the current wave, or a more sustained smooth trend. Only my opinion though. I do like the form of the pin regarding open and close location and wick..
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd pin.gif Size: 37 KB
Thank you j16!
  • #74,150
  • Sep 7, 2010 5:42am Sep 7, 2010 5:42am
Quoting anderou
This pin could work but I will pass, I would like to see a deeper retracement of the current wave....
that seems to be the path it's taking now.
Let's see how all these turn out
  • #74,151
  • Sep 7, 2010 5:42am Sep 7, 2010 5:42am
i have a question on the traffic and ppz. we have some tight traffic and then a big bar that engulfs/hides this entire traffic from now on. can we ignore that traffic behind the bar and consider only this bar for future FTA, PPZ calculations ? is that traffic still valid ?
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 17 KB
  • #74,152
  • Sep 7, 2010 5:58am Sep 7, 2010 5:58am
Quoting roundrock
i have a question on the traffic and ppz. we have some tight traffic and then a big bar that engulfs/hides this entire traffic from now on. can we ignore that traffic behind the bar and consider only this bar for future FTA, PPZ calculations ? is that traffic still valid ?
IMHO, all of it should be included in your analysis.

think of the traffic as chocolate, the big bar as a bag or pile of sand.
when a piece of chocolate is hid under a pile of sand or inside a bag,do u consider the chocolate non-existent?
i think this is the same case as your question.

the traffic behind that big bar is part of the history, part of the recent action, part of what happened, so i think it should be part of your consideration.
u can also look at how the traffic formed. looking exclusively at that chart, 1.0550-80ish seems to be a minor PPZ. (look at the selling, the upper wicks, on that 'chocolate'). 1.0460-70 area might pose a minor problem too.
of course 1.0500 is to be considered

Hope this helps!
  • #74,153
  • Sep 7, 2010 6:11am Sep 7, 2010 6:11am
Quoting roundrock
i have a question on the traffic and ppz. we have some tight traffic and then a big bar that engulfs/hides this entire traffic from now on. can we ignore that traffic behind the bar and consider only this bar for future FTA, PPZ calculations ? is that traffic still valid ?
Here is my take on it, I marked a,b and c as the most immediate levels of resistance you may likely face. look to the left at previous lows, the two marked by the solid green line as well as the ppz lines (broken lines). If pa breaks a,b and and c it may likely drift up to d eventually. This is purely speculative from my side but a,b,c,d could very likely be strong resistance levels. Furthermore the space between d and a could have minor resistance because of previous traffic in that range.

One bar does not make the pa before it obsolete, it was one instance where one bar did not respect a level, but do not forget before that bar price has respected these levels I'm showing you at multiple instances.

EDIT: This is a 1H time frame to show these levels in more detail, but it obviously is still valid on the 4H time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad traffic.gif Size: 33 KB
Thank you j16!
  • #74,154
  • Sep 7, 2010 7:10am Sep 7, 2010 7:10am
a little something i spotted on the EU 1h... where is K.I.S.S. now?


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Click to Enlarge Name: EU.png Size: 40 KB
  • #74,155
  • Sep 7, 2010 7:24am Sep 7, 2010 7:24am
These setups work so well. Good rejection in a strong trend, always hits the FTA!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud4h.gif Size: 16 KB
  • #74,156
  • Sep 7, 2010 7:33am Sep 7, 2010 7:33am
what is a FTA ?
  • #74,157
  • Sep 7, 2010 7:34am Sep 7, 2010 7:34am
Quoting john225
what is a FTA ?
First Trouble Area
  • #74,158
  • Sep 7, 2010 7:35am Sep 7, 2010 7:35am
Quoting The Lord
These setups work so well. Good rejection in a strong trend, always hits the FTA!

Attachment
lol now that looks like one heck of an inverted R:R .. but we wont start that again !

  • #74,159
  • Sep 7, 2010 7:35am Sep 7, 2010 7:35am
Quoting john225
what is a FTA ?
FTA = First trouble area
  • #74,160
  • Sep 7, 2010 7:39am Sep 7, 2010 7:39am
A first trouble Area could be a support or PPZ for example right?
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