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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

  • #82,101
  • Dec 10, 2010 3:13am Dec 10, 2010 3:13am
Quoting Pinbar
Hey Adi, that is not a trade recommendation or anything, just something to keep an eye on.

I think the H4 PB was nice but it probably just hit its FTA.



EDIT: I wonder if J16 would kindly give us his valued opinion on that AUD/NZD Daily PB?

That would really be great!
I don't like that the bearish PB is weak , meaning its close is not lower that its open.

I like your chart analysis here Pb ..

Quoting Pinbar
So what are going to do with these two party poopers.

Analyze them with Jaroo's thing, of course. BRB.
Indicators show the past. Price Action "Indicates" the future.
  • #82,102
  • Dec 10, 2010 3:16am Dec 10, 2010 3:16am
it will be based on how much historical data is being used.

no two feeds will ever be exactly the same.

no worries,

jim

Quoting Adilius07
Thanks James for the chart.
Interesting, my ema's are a little "shifted" from what is here.
Maybe that is because of those Sunday bars which I don't have on my charts...they are just EMA's applied to close, right?
  • #82,103
  • Dec 10, 2010 3:19am Dec 10, 2010 3:19am
Quoting Pinbar
I once used the new MACD indicator, even with the same settings of 12.26.9 it was totally different than the MT4 MACD.

I think, Mike told me that it is best to use the MT4 MACD because even with its faults, more people will be watching it.

If it wasn't Mike, it was some other J16 person.
Yeah I think I read that post, also don't remember by whom.

You know what I don't like about MACD is this: When I see some not A+ setup, and the best should be to skip it because the are some space issues or bar structure etc... I look down and see GREAT divergence, and here I start to "talk" myself into this trade, I take it and loose it..

So I mean, if setups is good, it should be good even without Div. We don't trade just div. Confluence yes, but if there are not enough confluences without div I would rather skip it. That is what I thought a few days ago and took it off...
  • #82,104
  • Dec 10, 2010 3:20am Dec 10, 2010 3:20am
Quoting jarroo
I don't like that the bearish PB is weak , meaning its close is not lower that its open.

I like your chart analysis here Pb ..

Thanks Jarroo...

I was thinking on the PF in the videos, I had seen Jim take a PB like that under certain circumstances even though the close was not in the direction of the trade?

Thanks for the kind comments Jarroo, I am trying to eyeball the charts as J16 does in those videos and then draw only a couple of PPZ, the FTA and check them using your weekly TF method. Sort of combining the best of both worlds. I think this method suits me better.
  • #82,105
  • Dec 10, 2010 3:20am Dec 10, 2010 3:20am
Quoting james16
it will be based on how much historical data is being used.

no two feeds will ever be exactly the same.

no worries,

jim
ok, thank you very much James for reply
  • #82,106
  • Dec 10, 2010 3:22am Dec 10, 2010 3:22am
Quoting plund
Yes, pretty happy with this trade. Took it on the retrace of the 30 min pinbar, with that weekly BEOB in mind of course.

/pat


Attachment
Nice plund, that 30 min PB was much like a touch trade with PA confirmation.

The 4 Hour and Hourly also presented other PA opportunities . . .with of course, the same story which the Weekly BEOB was just a part of.
Indicators show the past. Price Action "Indicates" the future.
  • #82,107
  • Dec 10, 2010 3:25am Dec 10, 2010 3:25am
Hi jarroo

Just wanted to ask about the US/CHF daily pin. On my feed there are a couple of large bullish bars just before the pin which made me a bit wary. Do these bars make this less than an A setup?

kal
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  • #82,108
  • Dec 10, 2010 3:27am Dec 10, 2010 3:27am
Quoting Pinbar
Thanks Jarroo...

I was thinking on the PF in the videos, I had seen Jim take a PB like that under certain circumstances even though the close was not in the direction of the trade?

Thanks for the kind comments Jarroo, I am trying to eyeball the charts as J16 does in those videos and then draw only a couple of PPZ, the FTA and check them using your weekly TF method. Sort of combining the best of both worlds. I think this method suits me better.
This is true Pb about PB structures . . . . but what Jim says before those PBs is more important . . ""see Support . .see Resistance . .see Support right here . . .see Resistance . .etc."
Indicators show the past. Price Action "Indicates" the future.
  • #82,109
  • Dec 10, 2010 3:29am Dec 10, 2010 3:29am
Quoting jarroo
This is true Pb about PB structures . . . . but what Jim says before those PBs is more important . . ""see Support . .see Resistance . .see Support right here . . .see Resistance . .etc."

Ok, I hear you.

So, if there was not such strong support at that area, it would be ok to take such a PB? Then again, isn't the support one of the reasons that created the PB? Maybe, I am thinking too much.
  • #82,110
  • Dec 10, 2010 3:32am Dec 10, 2010 3:32am
Quoting Pinbar
Ok, I hear you.

So, if there was not such strong support at that area, it would be ok to take such a PB? Then again, isn't the support one of the reasons that created the PB? Maybe, I am thinking too much.
Yes your thinking too much.

"So, if there was not such strong support at that area, it would not be ok to take such a PB". . .in the case of a Bullish PB.

Give me a chart example to better explain . . .charts tell a better story.
Indicators show the past. Price Action "Indicates" the future.
  • #82,111
  • Dec 10, 2010 3:37am Dec 10, 2010 3:37am
Quoting jarroo
Yes your thinking too much.

"So, if there was not such strong support at that area, it would not be ok to take such a PB". . .in the case of a Bullish PB.

Right Squire,,I think I need more medicine.


Thanks Jaroo, I take that as it NEVER ok to take a PB that the close is not in the direction of the trade.
  • #82,112
  • Dec 10, 2010 3:42am Dec 10, 2010 3:42am
Quoting Pinbar
Right Squire,,I think I need more medicine.


Thanks Jaroo, I take that as it NEVER ok to take a PB that the close is not in the direction of the trade.

I think the doctor told you to break the pill in half before you take it . .not the whole thing.. lol (jk)


If your a picky trader, Pb, yes that would work .

You are a picky trader, Pb . .aren't you???
Indicators show the past. Price Action "Indicates" the future.
  • #82,113
  • Dec 10, 2010 3:44am Dec 10, 2010 3:44am
Quoting jarroo
I think the doctor told you to break the pill in half before you take it . .not the whole thing.. lol (jk)


If your a picky trader, Pb, yes that would work .

You are a picky trader, Pb . .aren't you???

I shall learn to become one with patience, ASAP.

The classic contradiction. LoL
  • #82,114
  • Dec 10, 2010 3:47am Dec 10, 2010 3:47am
Quoting Pinbar
I shall learn to become one with patience, ASAP.

The classic contradiction. LoL
That was a Pb classic.

Patience can be practised too, Pb. It just takes some time.
Indicators show the past. Price Action "Indicates" the future.
  • #82,115
  • Dec 10, 2010 3:49am Dec 10, 2010 3:49am
Quoting Kalbar
Hi jarroo

Just wanted to ask about the US/CHF daily pin. On my feed there are a couple of large bullish bars just before the pin which made me a bit wary. Do these bars make this less than an A setup?

kal

I see Kalbar. Where are your PPZ levels on that chart?
Indicators show the past. Price Action "Indicates" the future.
  • #82,116
  • Dec 10, 2010 3:50am Dec 10, 2010 3:50am
Quoting jarroo
That's right, we have talked about the closes before, ppfx. I forgot about that. Sorry buddy.

I was looking for the 111.00 to act as Support , since Price broke and closed above Resistance. But now that Price closed below the 111.00, it looks like its back to Resistance.
IMHO is better to tell someone twice about something than none. And this way the new users also read it and learned something new.


Quoting jarroo
Nice trade. The 111.70 looks alot strong that the 111.00
Thanks. Yes, if you look at my weekly chart it looks like a support for the consolidation box.

Anyway my other part of the trade ended up at BE. Now it seems like its going up again. At least fo a few pips. We have a nice PB forming on the h1, and its just off a s/r area.

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  • #82,117
  • Dec 10, 2010 3:54am Dec 10, 2010 3:54am
Quoting Pinbar
GU H4 is looking interesting, I would like to see a nice Bearish Large bar off the 61.8 and weekly PPZ.
LoL. Im already in this trade. I decided not to wait since yesterday 'the closes' on EJ deprived me of a nice entry. Will see what will happen.

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  • #82,118
  • Dec 10, 2010 3:55am Dec 10, 2010 3:55am
Quoting ppfx
IMHO is better to tell someone twice about something than none. And this way the new users also read it and learned something new.



Thanks. Yes, if you look at my weekly chart it looks like a support for the consolidation box.

Anyway my other part of the trade ended up at BE. Now it seems like its going up again. At least fo a few pips. We have a nice PB forming on the h1, and its just off a s/r area.

Attachment
The Weekly close below the 111.00 will be telling. I could indicate more down movement . .we shall see.
Indicators show the past. Price Action "Indicates" the future.
  • #82,119
  • Dec 10, 2010 4:05am Dec 10, 2010 4:05am
Quoting ppfx
LoL. Im already in this trade. I decided not to wait since yesterday 'the closes' on EJ deprived me of a nice entry. Will see what will happen.

Attachment Attachment

Looks like its flipping over ppfx. . . from Resitsance to Support. . .1.5836ish level
Indicators show the past. Price Action "Indicates" the future.
  • #82,120
  • Dec 10, 2010 4:06am Dec 10, 2010 4:06am
Quoting james16
I recieve emails all the time from people that are desperate.

losing all there own money and borrowed money as well.

the heart and soul of this thread is to try to get people to go about this business in a way that prevents that from happening.

if your in that category look at this chart and really ask yourself if your really going about this in a smart manner.
This one really made my day. Thank you very much, Jim.
Thanks J16, Sam Seiden, Udine and Jacko
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