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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

  • #74,601
  • Sep 12, 2010 10:04pm Sep 12, 2010 10:04pm
Quoting cprao
82 as a Support:
82 looks like a key PPZ.There were 5 attempts to break 82.
Finally 82 was broken on 6th attempt.

82 as a Resistance:
Now the price is testing 82 which now acting as a resistance
2 attempts were failed. Now 3rd attempt is in progress.

I am just interested to know your thoughts on this pair?
Saw that one too. Noticed last week it looked really interesting on the weekly. 3 Pbs.
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  • #74,602
  • Sep 12, 2010 10:06pm Sep 12, 2010 10:06pm
Quoting Jey
cp, dont go pretending to be a newbie. Thats's a professional opinion if i ever saw one.

I liked it as well Jey . . .nice jop cprao.
Indicators show the past. Price Action "Indicates" the future.
  • #74,603
  • Sep 12, 2010 10:40pm Sep 12, 2010 10:40pm
Quoting raczekfx
... and break outs again ?.. and...
should we close them now or... perhaps they've already been closed ..


P.S.>

I wasted some time on this thread and had a good chuckle. No wonder, trading world is full of lost souls (lightly put). Sure, go ahead and spend $20 on trading books, written by people who made fortunes on ..... writing them .
I've been a member of j16pf since day one...

The PF and this Thread has sure helped me. I would probably be still in the down slope of the learning curve if not for the great people here.


Always learning and improving,


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #74,604
  • Edited 11:21pm Sep 12, 2010 11:11pm | Edited 11:21pm
Quoting cprao
82 as a Support:
82 looks like a key PPZ.There were 5 attempts to break 82.
Finally 82 was broken on 6th attempt.

82 as a Resistance:
Now the price is testing 82 which now acting as a resistance
2 attempts were failed. Now 3rd attempt is in progress.

I am just interested to know your thoughts on this pair?

Nice work cprao.

I would also look at the weekly close of that Support level, 81.50ish level.
Meaning, once we had a weekly close below that Support level, I would look for it to now act as Resistance. The next step is to look for some strong bearish PA, preferrably on the Higher time frames.
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Indicators show the past. Price Action "Indicates" the future.
  • #74,605
  • Sep 12, 2010 11:27pm Sep 12, 2010 11:27pm
Quoting cprao
82 as a Support:
82 looks like a key PPZ.There were 5 attempts to break 82.
Finally 82 was broken on 6th attempt.

82 as a Resistance:
Now the price is testing 82 which now acting as a resistance
2 attempts were failed. Now 3rd attempt is in progress.

I am just interested to know your thoughts on this pair?

3rd attempt? . .I think its got a good chance to act again as Resistance . . again strong PA would be hint, although the traffic is a bit rough.
Indicators show the past. Price Action "Indicates" the future.
  • #74,606
  • Sep 12, 2010 11:43pm Sep 12, 2010 11:43pm
Quoting jarroo
3rd attempt? . .I think its got a good chance to act again as Resistance . . again strong PA would be hint, although the traffic is a bit rough.
Thank you Jarroo. I will keep this in my watch list.
  • #74,607
  • Sep 13, 2010 4:36am Sep 13, 2010 4:36am
Quoting supremeChaos
man, i knew someone here would be in on those breakouts.
i had very tight stops on eurjpy, eurusd (last week's trades).. i woke up early, about +/-8am, 1.5hrs ago to see they got hit (prior the upmove)
I'm in EUR/JPY since Friday. I took the break of last Thursday's IB which was triggered on Friday. reasoning was the triple bottom and key reversal bar on Wednesday.

At B/E now in case it doesn't work out.

I have a really stupid question about spreads and multiple positions - if I put the same position on 3 times which is 1 position broken into 3 - I don't pay any more spread than I do if I put on 1 bigger position which is the 3 smaller ones combined do I?

I'd like to have taken 1/2 off by now in this one but only put on the one position. I know there is an EAto split a position up and manage it like this but I'm on the move a lot and having trades broken down into smaller sub trades is simpler for me to do and set target profits accordingly.
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Anything can happen.
  • #74,608
  • Sep 13, 2010 4:37am Sep 13, 2010 4:37am
Quoting raczekfx
... and break outs again ?.. and...
should we close them now or... perhaps they've already been closed ..


P.S.>

I wasted some time on this thread and had a good chuckle. No wonder, trading world is full of lost souls (lightly put). Sure, go ahead and spend $20 on trading books, written by people who made fortunes on ..... writing them .
I've been a member of j16pf since day one (for the record, I no longer...
great post Sir Raczek nice to see you post more often
  • #74,609
  • Sep 13, 2010 6:52am Sep 13, 2010 6:52am
Hi! What about this DBHLC?
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  • #74,610
  • Sep 13, 2010 7:07am Sep 13, 2010 7:07am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting spookie94
Saw that one too. Noticed last week it looked really interesting on the weekly. 3 Pbs.
But the close of the 3 PBs is highly suspect. It keeps closing below the eye of the left bar for my liking and also doesn't seem to close above that PPZ level. I'd rather watch and wait.
I have seen the enemy, and it is me.
  • #74,611
  • Sep 13, 2010 7:14am Sep 13, 2010 7:14am
Nice 1H-PB for an intradaytrade on the Loonie at daily PPZ @ 10345, along with the downtrend. FTA is intraday PPZ at the low of the asian session , final target floor pivot S3.
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Pipcrawler
  • #74,612
  • Sep 13, 2010 7:32am Sep 13, 2010 7:32am
Quoting conan
Hi! What about this DBHLC?
Good size - would be nice at a swing high or if it was a DBLHC where it is now.
Anything can happen.
  • #74,613
  • Sep 13, 2010 7:35am Sep 13, 2010 7:35am
Quoting xmzhang
Nice 1H-PB for an intradaytrade on the Loonie at daily PPZ @ 10345, along with the downtrend. FTA is intraday PPZ at the low of the asian session , final target floor pivot S3.
Gap down at open too so you had some resistance at GAP window.
  • #74,614
  • Sep 13, 2010 7:35am Sep 13, 2010 7:35am
Nice gap play in corporation with a nice PB on the 1H-TF of the kiwi. Price filled the gap which now acts as support in an uptrend, buy the dips I say. FTA is at intraday high of the asian session, final target floor pivot R3. Nice, clean and easy, thank you James !http://cdn.forexfactory.com/images/icons/icon10.gif
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Pipcrawler
  • #74,615
  • Sep 13, 2010 7:40am Sep 13, 2010 7:40am
Quoting Chelski
Gap down at open too so you had some resistance at GAP window.
Yes, but this gap was already tested succesfully during the assian session which showed us a 1H-BEOB right off the gap http://cdn.forexfactory.com/images/icons/icon12.gif
(the dotted red line is the asian session intraday high, which is now resistance)

May the force be with you.
Pipcrawler
  • #74,616
  • Sep 13, 2010 7:49am Sep 13, 2010 7:49am
Quoting The Lord
Nice 20 pips in the bag just now in USD/CHF. I have to agree pinbar is not actually necessary. Only thing to note is there should be a rejection and the close should be below the PPZ. That's all.

Attachment
Very nice, I like your style.http://cdn.forexfactory.com/images/icons/icon14.gif
Pipcrawler
  • #74,617
  • Sep 13, 2010 8:31am Sep 13, 2010 8:31am
Quoting ddinnov
...
I have a really stupid question about spreads and multiple positions - if I put the same position on 3 times which is 1 position broken into 3 - I don't pay any more spread than I do if I put on 1 bigger position which is the 3 smaller ones combined do I? ...
Hey dd, the short answer: It costs the same.

The long answer is here.

-- Danny
  • #74,618
  • Sep 13, 2010 8:38am Sep 13, 2010 8:38am
Quoting bluetrader
Hey dd, the short answer: It costs the same.

The long answer is here.

-- Danny
Thanks mate - I thought as much, just had to double check though!
Anything can happen.
  • #74,619
  • Sep 13, 2010 12:42pm Sep 13, 2010 12:42pm
Quoting supremeChaos
Thinking Trading is hard?
want to quit (any endeavor)?

here's a very inspiring video
http://www.youtube.com/watch?v=H8ZuK...ayer_embedded#
I don't think i ever watch any inspired video like this. Thank u Supremechaos. I've saved it for view any time i'm down. Thanks
  • #74,620
  • Sep 13, 2010 2:59pm Sep 13, 2010 2:59pm
an interesting looking ipb on a/u h4.
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meine augen sind die sterne
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