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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

  • #78,981
  • Edited 11:04pm Oct 31, 2010 10:53pm | Edited 11:04pm
Noted, thanks Mike.

I was just wondering, on with the vid.


EDIT: Ah, I see, a bullish gap is filled on the way down not on the way down and visa vi.

Just another sort of confirmation for any bullish or bearish PA, above or below the gap.


Great stuff.
  • #78,982
  • Oct 31, 2010 11:25pm Oct 31, 2010 11:25pm
This is weird.

Yesterday the Monthly PB close was within the prior bars high.

Yesterday was October 31st and no markets were open.

Today is Nov1st and now the close of the monthly PB is outside the high of the previous bar on this IBFX feed.

I suppose it is the Sunday bar getting added to the monthly PB.
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  • #78,983
  • Edited Nov 1, 2010 12:08am Oct 31, 2010 11:49pm | Edited Nov 1, 2010 12:08am
AUD/NZD this would be a nice scenario sometime this week.
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  • #78,984
  • Nov 1, 2010 1:15am Nov 1, 2010 1:15am
[quote=mbqb11;4136361 I see price recently getting above a large box of consolidation. Forming a very very small pinbar. Other then that I see no confluence[/QUOTE] Mike are you saying the fact that the FTA being too close at the upper consolidation area that may now act as support once price broke out of it -which made this PB more likely to fail?
  • #78,985
  • Nov 1, 2010 1:23am Nov 1, 2010 1:23am
Quoting bluetrader
TRID went where we expected. Where will MMM go next week?

-- Danny
I was wondering what became of that setup, Danny. .no surprises here.


Has anyone seen Mist Gun? There is your example of a PB at a true swing high before the fact . .thanks blue.

Quoting jarroo
Yes, that PB would be considered at a swing High. Why we like our PA at these swing Highs/Lows is because they provide the much needed Space or lack of traffic of previous bar Highs and Lows so they have room to run when they break.

So the deeper the swing point the better . . .like bluetrader's recent post as a great example . .notice the Space it provided.
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Indicators show the past. Price Action "Indicates" the future.
  • #78,986
  • Nov 1, 2010 1:52am Nov 1, 2010 1:52am
Quoting Pinbar

Hope this helps.

I have never considered this thing (pattern confirmation by price braking the high/low of the PA).

Now I'll know this is a a criteria of a strong PA pattern and try to check this knowledge in practice.

Thanks a lot, Pin bar. You helped me

And here's a joke for you:

Two traders go out of stock exchange. One is totally naked, other one with his panties. The naked one says: -You know, Jim, that‘s why I respect you. You know when to stop!
  • #78,987
  • Nov 1, 2010 1:56am Nov 1, 2010 1:56am
Quoting john225
My setup for the week

What you guys think about it?
I like the setup although a stronger close below the .8700 would have been nice. The .8700 is currently acting as Support. Breaking this Support could turn into Resistance.

Your FTA is a bit agressive but I do like it as a final target.
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Indicators show the past. Price Action "Indicates" the future.
  • #78,988
  • Nov 1, 2010 2:12am Nov 1, 2010 2:12am
Quoting Pinbar
You guys pretty much nailed it...

Too bad I signed off and crashed out before we all had a chance to play as Ghous, BT and I did earlier.

Next time.

Nice chart Pb. Keep looking for these Res to Sup/Sup to Res filp areas.

You can fine tune them by looking for clearer, more obvious levels of Support or Resistance. They're not only easier to find but they're stronger and reliable.

Let Price prove that the level is either Support or Resistance by touching and rejecting it many times.
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Indicators show the past. Price Action "Indicates" the future.
  • #78,989
  • Nov 1, 2010 3:10am Nov 1, 2010 3:10am
Quoting jarroo
Nice chart Pb. Keep looking for these Res to Sup/Sup to Res filp areas.

You can fine tune them by looking for clearer, more obvious levels of Support or Resistance. They're not only easier to find but they're stronger and reliable.

Let Price prove that the level is either Support or Resistance by touching and rejecting it many times.


Thanks Jarroo.


I don't think I need to look for them much recently they jump out at me.


I printed that chart out and put it near my PC to remind me that, this is probably the most important part of trading.

Strange how, just when we are thinking, I am never going to get this down, it hits you like a rock! Thanks for continuing to throw the rocks Jarroo.
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  • #78,990
  • Nov 1, 2010 3:13am Nov 1, 2010 3:13am
Quoting Pinbar
Thanks Jarroo.


I don't think I need to look for them much recently they jump out at me.


I printed that chart out and put it near my PC to remind me that, this is probably the most important part of trading.

Strange how, just when we are thinking, I am never going to get this down, it hits you like a rock! Thanks for continuing to throw the rocks Jarroo.

Nice Pb.
Looks like my trading room only mine is filled with James16 charts on the wall and some of my own. lol

keep at it buddy . .
Indicators show the past. Price Action "Indicates" the future.
  • #78,991
  • Nov 1, 2010 3:17am Nov 1, 2010 3:17am
Quoting jarroo
Nice Pb.
Looks like my trading room only mine is filled with James16 charts on the wall and some of my own. lol

keep at it buddy . .
Will do.....

J16 charts..I can imagine it.


Just keeping my eye on that weekly BEOB, just to see how it will react if it gets back the previous bar highs.
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  • #78,992
  • Nov 1, 2010 3:24am Nov 1, 2010 3:24am
Quoting Pinbar
Will do.....

J16 charts..I can imagine it.


Just keeping my eye on that weekly BEOB, just to see how it will react if it gets back the previous bar highs.

Previous bars Highs . . I'm looking at the same Pb . .
Indicators show the past. Price Action "Indicates" the future.
  • #78,993
  • Nov 1, 2010 3:29am Nov 1, 2010 3:29am
Quoting jarroo
Previous bars Highs . . I'm looking at the same Pb . .

I bet you can almost predict what kind of bearish bar we may see at that area.


Previous bar highs?

You think it will break the highs prior to the BEOB?

I was thinking it will shy away from the previous bar lows.
  • #78,994
  • Nov 1, 2010 3:31am Nov 1, 2010 3:31am
AUNZ is seeing an exhaustion of the pullback to the wkly BEOB. Sorry cannot post charts right now but the M30 in IBFX is showing a nice DBHLC closing below the 1.29 ppz.................
  • #78,995
  • Nov 1, 2010 3:34am Nov 1, 2010 3:34am
Here you go guys................
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  • #78,996
  • Nov 1, 2010 4:07am Nov 1, 2010 4:07am
Quoting ertorque
Here you go guys................

Yeah, Jarroo was saying he thinks the 1.2900 area is the key.
  • #78,997
  • Edited 4:11am Nov 1, 2010 4:10am | Edited 4:11am
What do you guys make of this gravestone-looking PB? It's size is pretty good and off VBRN of 130. Interesting that it closes right on 129.

(ignore the sell trade. It was there as a result of demoing Touch trading)
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  • #78,998
  • Nov 1, 2010 4:40am Nov 1, 2010 4:40am
Quoting xmzhang
Price gapped below RNB @ 16300, triggered a sell at a small pullback to 16300.
My buy limit got triggered at FTA @ 16200, 1/2 position closed for a 98 pip profit, let the remaining position go all the way to .....
Pipcrawler
  • #78,999
  • Nov 1, 2010 4:56am Nov 1, 2010 4:56am
Quoting ertorque
What do you guys make of this gravestone-looking PB? It's size is pretty good and off VBRN of 130. Interesting that it closes right on 129.

(ignore the sell trade. It was there as a result of demoing Touch trading)

Isn't one of those days the Sunday bar?
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  • #79,000
  • Nov 1, 2010 5:17am Nov 1, 2010 5:17am
Quoting jarroo
Previous bars Highs . . I'm looking at the same Pb . .

I got it, I think you mean these previous highs.
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