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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

  • #77,141
  • Oct 11, 2010 6:56pm Oct 11, 2010 6:56pm
Hi Guys!

Anyone likes U/J PB of 82

Long @ 82.30
1st target FTA @ 83
Stop below daily PB
Anything can happen - You never know
  • #77,142
  • Oct 11, 2010 7:02pm Oct 11, 2010 7:02pm
Quoting Pinbar
Morning folks.

Anyone notice a severe lack of data on some IBFX charts.


This is CAD/JPY Daily on IBFX, the left of the screen is the start of the data from 2009.

Makes it really hard to find the flip levels.

Black chart is FXDD with at least 3 more years of data than IBFX, still a bit thin.
I don't know why Pb, . . FxPro goes back to 1990 . .
Indicators show the past. Price Action "Indicates" the future.
  • #77,143
  • Oct 11, 2010 7:11pm Oct 11, 2010 7:11pm
Quoting kwikwis
Hi Guys!

Anyone likes U/J PB of 82

Long @ 82.30
1st target FTA @ 83
Stop below daily PB
Hi kwikwis,

I was looking at that setup but due to today holidays, dont know if we can really trust that PB.

Maybe experienced members can give us their opinion.......
Trade Smart
  • #77,144
  • Oct 11, 2010 7:49pm Oct 11, 2010 7:49pm
Quoting jarroo
I don't know why Pb, . . FxPro goes back to 1990 . .

Thanks Jarrroo.


1990 eh, bit of a difference there, like 19 years of data missing.

Maybe, it is because this IBFX demo account I opened is IBFX AU.

I shall try to get a US account.
  • #77,145
  • Oct 11, 2010 7:57pm Oct 11, 2010 7:57pm
NZD/USD nice DBHLC, broke the monthly pivot and the daily pivot and BRN seem to be acting as resistance.

Don't like the size of this DBHLC as compared to the bars in the uptrend, though.

And, it is trading right into the weekly pivot.
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  • #77,146
  • Oct 11, 2010 8:11pm Oct 11, 2010 8:11pm
Hello Guys,
I worked a lot on pin bars in the past few days.
Now i'm working on trade planning part,so i was looking at Eur/Usd chart and saw a weekly strong pivot and 61.8 fib ret and 1.3800 coupling together.
So tell me is my planning a trade part in this one good enough if i am waiting for price to reach 1.3800.
I mean to say trader just doesn't go long or short whenever he wants, he waits for PA around hot spots.
So am i thinking the right way if i am waiting for setup to go long Eur/Usd around 1.3800 with a possible pin or a two bar reversal there.

http://img830.imageshack.us/img830/4208/eurodollar.gif

And hey mike how do u play Two bar low and triple bar low.etc
  • #77,147
  • Oct 11, 2010 8:23pm Oct 11, 2010 8:23pm
Quoting Pinbar
NZD/USD nice DBHLC, broke the monthly pivot and the daily pivot and BRN seem to be acting as resistance.

Don't like the size of this DBHLC as compared to the bars in the uptrend, though.

And, it is trading right into the weekly pivot.
i dont see any DBHLC on my daily charts (FXCM UK, Fx Pro). could it be sunday bar that you are looking at as prev bar ?
  • #77,148
  • Oct 11, 2010 8:27pm Oct 11, 2010 8:27pm
Anyone like this Weekly PB on the Eur/Aud?
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Indicators show the past. Price Action "Indicates" the future.
  • #77,149
  • Oct 11, 2010 8:31pm Oct 11, 2010 8:31pm
I'm not that good as you sir Pinbar and Mike,James and Jarroo.
But i think that DBHLC on nzd/usd is not that good.
My chart it is bumping in down there i think we might have PA on small time frame to go long in fact.
http://img810.imageshack.us/img810/1160/nzdusd.gif
Regards
Taz
  • #77,150
  • Oct 11, 2010 8:40pm Oct 11, 2010 8:40pm
Quoting jarroo
Anyone like this Weekly PB on the Eur/Aud?
I caught that one Jarroo, entered @ break of pin. SL somewhere above BRN 1.4. I sure like this one.
  • #77,151
  • Oct 11, 2010 8:44pm Oct 11, 2010 8:44pm
Quoting jarroo
Anyone like this Weekly PB on the Eur/Aud?
Jarroo sir,i think the next week candle us bumpin into 23.6 fib ret of one swing high/low.
So at best i would wit for an outside bar or something for a close below that fib ret.
It is my take, but u r more experienced sir.
  • #77,152
  • Oct 11, 2010 8:47pm Oct 11, 2010 8:47pm
Quoting Pinbar
NZD/USD nice DBHLC, broke the monthly pivot and the daily pivot and BRN seem to be acting as resistance.

Don't like the size of this DBHLC as compared to the bars in the uptrend, though.

And, it is trading right into the weekly pivot.
Quoting 666Doom
I'm not that good as you sir Pinbar and Mike,James and Jarroo.
But i think that DBHLC on nzd/usd is not that good.
My chart it is bumping in down there i think we might have PA on small time frame to go long in fact.

Regards
Taz
I would not but much faith in the Sunday bar as part of the DBHLC formation. With all PA formations, we like to have a full day of trading data, the Sunday bar is incomplete of trading data.

I like your take on the possible long Taz .. looking at the Weekly, we see that Price has broken through recent Highs and may find new Support as it retraces. . .where bullish PA would be nice.
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Indicators show the past. Price Action "Indicates" the future.
  • #77,153
  • Oct 11, 2010 8:53pm Oct 11, 2010 8:53pm
Quoting LiuLangZe
I caught that one Jarroo, entered @ break of pin. SL somewhere above BRN 1.4. I sure like this one.
SL somewhere above BRN 1.4. ???
Indicators show the past. Price Action "Indicates" the future.
  • #77,154
  • Oct 11, 2010 8:53pm Oct 11, 2010 8:53pm
Quoting jarroo
Anyone like this Weekly PB on the Eur/Aud?
I did like it.. But the SL has to be too wide. Also there is a PB on daily also.

Hence I am looking for retracement. In fact the pin was broken today.
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  • #77,155
  • Oct 11, 2010 8:54pm Oct 11, 2010 8:54pm
Quoting roundrock
i dont see any DBHLC on my daily charts (FXCM UK, Fx Pro). could it be sunday bar that you are looking at as prev bar ?

I think you could be right, I forgot that IBFX has a Sunday bar.

I took it on Demo already. I am watching the hourly ranging area and the BRN and the H4 pins off the monthly PPZ.

I will just let it play out.
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  • #77,156
  • Oct 11, 2010 8:59pm Oct 11, 2010 8:59pm
Quoting jarroo
SL somewhere above BRN 1.4. ???

Oopps.. I meant TP. sorry for the typo, Btw Jim, what do you think of the pin on USD JPY daily? am currently outside so unable to post my chart. One of the forumer voiced out the concern on bank holidays so PA ytd might be pretty unreliable. Any views?
  • #77,157
  • Oct 11, 2010 9:01pm Oct 11, 2010 9:01pm
Quoting 666Doom
Jarroo sir,i think the next week candle us bumpin into 23.6 fib ret of one swing high/low.
So at best i would wit for an outside bar or something for a close below that fib ret.
It is my take, but u r more experienced sir.

I like fibs levels when they line up with (or are confluenced with) a PPZ level, Sup/Res level or BRN. With a PB, the left eye is generally a retracement level.

Do you see any alignments with your fib levels with these other levels?
Indicators show the past. Price Action "Indicates" the future.
  • #77,158
  • Oct 11, 2010 9:06pm Oct 11, 2010 9:06pm
Quoting jarroo
Anyone like this Weekly PB on the Eur/Aud?
That FTA was to close so it was a pass for me ...but price hit its' target
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  • #77,159
  • Oct 11, 2010 9:12pm Oct 11, 2010 9:12pm
Quoting jarroo
I like fibs levels when they line up with (or are confluenced with) a PPZ level, Sup/Res level or BRN. With a PB, the left eye is generally a retracement level.

Do you see any alignments with your fib levels with these other levels?
Hello again Sir,
Here is my chart,i think we must wait for a two bar reveral formation on 1.4200.
Wait i just saw a 1.4162 is a 38.2 weekly swing.
But i still believe we must wait for retrace at 1.4200.

What do u say sir.

http://img251.imageshack.us/img251/6...dweeklypin.gif
  • #77,160
  • Oct 11, 2010 9:13pm Oct 11, 2010 9:13pm
Quoting cprao
I did like it.. But the SL has to be too wide. Also there is a PB on daily also.

Hence I am looking for retracement. In fact the pin was broken today.
I like your retracement levels, cprao. That pinnish looking BEOB on the Daily looks telling even though it didn't have a strong close below the 1.4100 PPZ level.
Indicators show the past. Price Action "Indicates" the future.
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