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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

  • #82,201
  • Edited 5:40pm Dec 10, 2010 5:25pm | Edited 5:40pm
Jarroo,

I looked back through my notes on those videos of J16 and found I had made a NB memo on that Long PB that had the close below the open.
It was EUR/USD Daily Jan 07 2007.

It is now clear why that was an ok trade.

Wow, making notes of important things & dates really help when watching videos.


EDIT:
I think it stuck in my memory because he said, (the close is outside the eye but it is ok to trade those folks)

This morning I am feeling much better and look forward to a full day of practicing eyeballing charts J16 style and finding the immediate areas of importance where we may see PA, then tweaking those areas with the Jarroo method on weekly. What fun.
Thanks for the advice.
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  • #82,202
  • Dec 10, 2010 5:39pm Dec 10, 2010 5:39pm
gbpnzd hit 1 target(ppz+50fibb)and allready rejected by 3 supports(upper channel's limit+ppz+38.2fibb).If the price pass ppz+50fibb,I'm waiting to see the price at confluence of big ppz + 61.8+TL as 2 target.1 an 2 are also weekly and monthly price action targets.
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Nothing personal,just business
  • #82,203
  • Dec 10, 2010 5:42pm Dec 10, 2010 5:42pm
Quoting fxgroup
gbpnzd hit 1 target(ppz+50fibb)and allready rejected by 3 supports(upper channel's limit+ppz+38.2fibb).If the price pass ppz+50fibb,I'm waiting to see the price at confluence of big ppz + 61.8+TL as 2 target.1 an 2 are also weekly and monthly price action targets.

What was the reason to buy there FX?

Don't see any PA or even a breakout trade on the Daily.
  • #82,204
  • Dec 10, 2010 5:56pm Dec 10, 2010 5:56pm
Hey mike are you still using this indicator to trail your Stops for breakout trades?

http://www.forexfactory.com/showpost...ostcount=61790
  • #82,205
  • Dec 10, 2010 6:52pm Dec 10, 2010 6:52pm
Quoting Pinbar
What was the reason to buy there FX?

Don't see any PA or even a breakout trade on the Daily.
The reasons to buy were:The 11.07 weekly closed as an IB and almost a 2 weeks pin,with a nose long enough to show me that the buyers are at support 2.03.This formation with the 3 weeks formation from may,made a double bottom(better seen on monthly chart).The last month closed as a pin bar(double bottom as I said earlier)The last week closed as an IPB,sign that the buyers were there and ready to act.On 12.03 the price reached at 2.0550 support and made an IPB sign that the buyers were there but less than sellers.On 12.06 the brice made a doji IB,sign that the sellers=buyers.On 12.07 we had a strong bullish bar(almost a dblhc),witch made an 1-2-3 formation and show me that the buyers took the controll.The buy decision was a consequence of all above.An agressive trader could have buy right above the doji IB with a very tight SL and a very good discount,but personally I choose to wait the confirmation.
Nothing personal,just business
  • #82,206
  • Dec 10, 2010 6:59pm Dec 10, 2010 6:59pm
Quoting fxgroup
The reasons to buy were:The 11.07 weekly closed as an IB and almost a 2 weeks pin,with a nose long enough to show me that the buyers are at support 2.03.This formation with the 3 weeks formation from may,made a double bottom(better seen on monthly chart).The last month closed as a pin bar(double bottom as I said earlier)The last week closed as an IPB,sign that the buyers were there and ready to act.On 12.03 the price reached at 2.0550 support and made an IPB sign that the buyers were there but less than sellers.On 12.06 the brice made a doji IB,sign...

I see, thanks.
Couldn't see that from the Daily and weekly chart.

Yes, that Double bottom was a good one.

Nice to see new people taking this seriously.

Way to go FX.
  • #82,207
  • Edited Dec 11, 2010 2:30am Dec 10, 2010 10:57pm | Edited Dec 11, 2010 2:30am
In the midst of study but, anyone want to try their hand at where is price going. I will post the answer to this tomorrow to give people a chance.

This is the H4 TF.
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  • #82,208
  • Dec 11, 2010 2:18am Dec 11, 2010 2:18am
weekly beob on henkel.
comments appreciated.
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meine augen sind die sterne
  • #82,209
  • Dec 11, 2010 2:36am Dec 11, 2010 2:36am
Quoting aserbfx
rr on daily.
fta will be 620.
comments aprreciated...
low was 625.50...
common retrace at 21 ema.
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meine augen sind die sterne
  • #82,210
  • Dec 11, 2010 2:36am Dec 11, 2010 2:36am
Quoting aserbfx
weekly beob on henkel.
comments appreciated.
I would suspect the strength of that BEOB Aser. I see a very strong up trend vs a small BEOB. I see why you have the 35.00 on your radar but you might want to be more careful as price makes its way through the marked trouble areas in case the steam dries up.

g.
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I believe . . .
  • #82,211
  • Dec 11, 2010 2:39am Dec 11, 2010 2:39am
Quoting Pinbar
In the midst of study but, anyone want to try their hand at where is price going. I will post the answer to this tomorrow to give people a chance.

This is the H4 TF.
My first target will be the low of the circled pink line (PPZ).
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Respect a man, and he will do all the more.
  • #82,212
  • Dec 11, 2010 2:39am Dec 11, 2010 2:39am
Quoting aserbfx
good space and nice close above the 10 eur.
move your stop to BE at this one.
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meine augen sind die sterne
  • #82,213
  • Dec 11, 2010 2:45am Dec 11, 2010 2:45am
Quoting urchman
My first target will be the low of the circled pink line (PPZ).

So, that would be your FTA where you would go to BE & or take some off the table?

Very Good, check in for the answer tomorrow.
  • #82,214
  • Dec 11, 2010 2:51am Dec 11, 2010 2:51am
Quoting aserbfx
this could result in an explosion (kaboom) beyond the 80 usd.
it is the third attempt to break the resistance and most of the time the successfull one.

comments appreciated...
this one here failed...
mcd broke through the 80 usd and announced bad news just after that what
resulted in a down-gap and a loss for me...
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meine augen sind die sterne
  • #82,215
  • Dec 11, 2010 2:53am Dec 11, 2010 2:53am
Quoting aserbfx
this weekly bar found support right at a place where we expected it and resulting in a buob. let's see if oracle has enough power to break the 30 usd. beyond this it will fly to the sky...
the buob did her job.
and now orcl is very close to the 30 usd...
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meine augen sind die sterne
  • #82,216
  • Dec 11, 2010 2:57am Dec 11, 2010 2:57am
Quoting Pinbar
So, that would be your FTA where you would go to BE & or take some off the table?

Very Good, check in for the answer tomorrow.
yep, that will be where i will move to BE.
Respect a man, and he will do all the more.
  • #82,217
  • Dec 11, 2010 3:17am Dec 11, 2010 3:17am
Quoting Pinbar
In the midst of study but, anyone want to try their hand at where is price going. I will post the answer to this tomorrow to give people a chance.

This is the H4 TF.
Hi Pb.

Oh fun fun ;] put the stop over the left eye / entry under the pb / breakeven point at the red line and 2/3 off the table at the red rectangle with stop moved just bit higher then pinbar low. The location is pretty bad but it looks like there is some space left to the downside.
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  • #82,218
  • Dec 11, 2010 3:41am Dec 11, 2010 3:41am
Quoting Greenhaze
Hi Pb.

Oh fun fun ;] put the stop over the left eye / entry under the pb / breakeven point at the red line and 2/3 off the table at the red rectangle with stop moved just bit higher then pinbar low. The location is pretty bad but it looks like there is some space left to the downside.
Glad you could join in GH.

Feel free to post one of your own, just state the tf.
  • #82,219
  • Dec 11, 2010 3:42am Dec 11, 2010 3:42am
weekly pinbar on texas instruments.
fta as indicated.
uptrend is quite strong.
comments appreciated...
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meine augen sind die sterne
  • #82,220
  • Dec 11, 2010 3:45am Dec 11, 2010 3:45am
Quoting Pinbar
Glad you could join in GH.

Feel free to post one of your own, just state the tf.
Hello Pinbar, I am not participating this time, because it is against my rule book ))) It may go down, but it "feels" to me this is a sucka-bait and will actually go up... really don't know as it's against my rules.

Just wanted to ask you, if you could share please, your view of why it is important to know TF in this exercises we do? I guess it has something to do with the volatility each different TF possess? That is what you mean?

I think this is something I have to note, if you could share would be awesome. Thanks
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