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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

  • #78,781
  • Oct 28, 2010 11:28pm Oct 28, 2010 11:28pm
Quoting Pinbar
Yes, I forgot about that.

Which is your choice?



I bit off more than I could chew with that chart. LoL
I would like to think I could have held on to this PB for 500 pips. Good size compared to previous bars.

You can handle this Pb . . . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #78,782
  • Oct 28, 2010 11:30pm Oct 28, 2010 11:30pm
Quoting Pinbar
The Jarroo special perhaps. It is at a swing high though.

Yes!!!

Much better at swing Low . .
Indicators show the past. Price Action "Indicates" the future.
  • #78,783
  • Oct 28, 2010 11:30pm Oct 28, 2010 11:30pm
Quoting jarroo
I would like to think I could have held on to this PB for 500 pips. Good size compared to previous bars.

You can handle this Pb . . . . .
In the next life, maybe.




I am waiting for one of these PBs.
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  • #78,784
  • Oct 28, 2010 11:34pm Oct 28, 2010 11:34pm
Quoting supremeChaos
agree Sir.
though i never trade audnzd, i have a PPZ around 1.2800-1.3000, which i believe i plotted last year.
this area has been influential since March1985 (FXPro monthly)


i think there's a fair chance price will reach your FTA (your blue box, 1.2900).
if 1.3000 holds (turns into resistance) &price deteriorates further, i think it's possible for price to revisit 1.2300 - 1.2700 area.
having said that, until 1.2000 convincingly breaks, IMHO this pair is bullish.. & if so, i think we'll see 1.3000 as support next year.
Nice sChaos . . a good area to watch.
Indicators show the past. Price Action "Indicates" the future.
  • #78,785
  • Oct 28, 2010 11:38pm Oct 28, 2010 11:38pm
Quoting Pinbar
Thanks for your input D.
It is always great to hear others people's opinion about things, balances us out.


This is how I am looking at it right now. Indeed trying to do that Jarroo Thingy! LoL
I sure will be checking back on this one on weeks end
  • #78,786
  • Oct 28, 2010 11:45pm Oct 28, 2010 11:45pm
Quoting mbqb11
I sure will be checking back on this one on weeks end

That Weekly BEOB (potentially) standing out to you, Mr. Mike?
Indicators show the past. Price Action "Indicates" the future.
  • #78,787
  • Oct 28, 2010 11:46pm Oct 28, 2010 11:46pm
Quoting mbqb11
I sure will be checking back on this one on weeks end

Yeah, it has that Nice Mike Spacy look to it.

Not that I am suggesting there is anything Spacy about Mike. LoL

Apart from him calling an IB a PB in one of the videos I watched,,,Don't ask me which one, I have seen too many to remember.
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  • #78,788
  • Oct 28, 2010 11:47pm Oct 28, 2010 11:47pm
Quoting Pinbar
Yeah, it has that Nice Mike Spacy look to it.

Not that I am suggesting there is anything Spacy about Mike. LoL
That's not its Space, Pb . .check again.
Indicators show the past. Price Action "Indicates" the future.
  • #78,789
  • Oct 28, 2010 11:50pm Oct 28, 2010 11:50pm
Quoting jarroo
That Weekly BEOB (potentially) standing out to you, Mr. Mike?
yep sure is.Will be hard to talk myself out of a short if it closes below last weeks low
  • #78,790
  • Oct 28, 2010 11:53pm Oct 28, 2010 11:53pm
Quoting mbqb11
yep sure is.Will be hard to talk myself out of a short if it closes below last weeks low

Wouldn't the close below the 1.3000 be enough??

I see . .last week's low would be added strength in addition to below the 1.3000.
Indicators show the past. Price Action "Indicates" the future.
  • #78,791
  • Oct 28, 2010 11:54pm Oct 28, 2010 11:54pm
Quoting jarroo
That's not its Space, Pb . .check again.

Hmmmmm Looks almost identical to Mike's space chart.
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  • #78,792
  • Oct 28, 2010 11:59pm Oct 28, 2010 11:59pm
Quoting Pinbar
Hmmmmm Looks almost identical to Mike's space chart.

I'm not saying that Space is not helpful . .it is good.

I'm looking at the more immediate space or traffic. (green)
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Indicators show the past. Price Action "Indicates" the future.
  • #78,793
  • Oct 29, 2010 12:02am Oct 29, 2010 12:02am
Quoting jarroo
I'm not saying that Space is not helpful . .it is good.

I'm looking at the more immediate space or traffic. (green)


Jarroo, is this a different way you are using space than Mike is in that screenshot from his space video?

Or maybe, I am misunderstanding that video which is not unlikely.
  • #78,794
  • Oct 29, 2010 12:04am Oct 29, 2010 12:04am
Quoting Pinbar
Jarroo, is this a different way you are using space than Mike is in that screenshot from his space video?

Or maybe, I am misunderstanding that video which is not unlikely.
You are both right in terms of how I use it. I see space means trade is more likely to get through and can then begin to define out the trouble areas that may worry me along the way down
  • #78,795
  • Oct 29, 2010 12:06am Oct 29, 2010 12:06am
Quoting Pinbar
Jarroo, is this a different way you are using space than Mike is in that screenshot from his space video?
Or maybe, I am misunderstanding that video which is not unlikely.
yes there is space.

but i believe jarroo's response (about Space in his above post) encompasses all his observations for that chart, not just about the space per se.
either that or his 'space requirement' is much more strict, when he talked of 'space'.
  • #78,796
  • Oct 29, 2010 12:07am Oct 29, 2010 12:07am
Quoting mbqb11
You are both right in terms of how I use it. I see space means trade is more likely to get through and can then begin to define out the trouble areas that may worry me along the way down


Jarroo's space looks more like a minor possible resistance area.

Maybe you two can define space for me.

I am getting confused.


I don't care about being wrong, I am used to that, the confusion is what concerns me.


Well not the confusion even, perhaps the difference in the two.
  • #78,797
  • Oct 29, 2010 12:10am Oct 29, 2010 12:10am
Quoting mbqb11
You are both right in terms of how I use it. I see space means trade is more likely to get through and can then begin to define out the trouble areas that may worry me along the way down

Yes, I was using Space and Traffic interchangeably . . .Space:good . .Consolidation: bad.
Indicators show the past. Price Action "Indicates" the future.
  • #78,798
  • Oct 29, 2010 12:10am Oct 29, 2010 12:10am
Quoting Pinbar
Jarroo's space looks more like a minor possible resistance area.

Maybe you two can define space for me.

I am getting confused.


I don't care about being wrong, I am used to that, the confusion is what concerns me.
Space is just something that I cam up to explain a trade that has more Potential area to work with. it is not going to be the be all end all. I take trades that have zero "space" to work with that I will also consider potential runners. The idea is you can eyeball this space to get an idea where larger potential areas can come into play. Then use that to help formulate a trade plan. This is what I do at least.

I consider myself very picky(most of the time) that I try to let my trades, or reduce my stop in a logical way to run to these areas(space)

Here was a recent space post marked up chart

http://www.forexfactory.com/showthre...36#post4125036

Best
Mike
  • #78,799
  • Oct 29, 2010 12:12am Oct 29, 2010 12:12am
Quoting jarroo
Yes, I was using Space and Traffic interchangeably . . .Space:good . .Consolidation: bad.

I think I need a beer. Beer=VERY GOOD.
  • #78,800
  • Oct 29, 2010 12:13am Oct 29, 2010 12:13am
Quoting Pinbar
I think I need a beer. Beer=VERY GOOD.
some things need little discretion
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