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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

  • #82,821
  • Dec 17, 2010 7:39am Dec 17, 2010 7:39am
Quoting jarroo
Yeah I saw that . . .here it is . .
Yeah saw it once I already posted you the answer, my bad..

Thx

Os.
Trade Smart
  • #82,822
  • Dec 17, 2010 7:39am Dec 17, 2010 7:39am
Quoting kayhan7070
closed it out,what about you?
Sheesh!

Setup of the month!

g.
I believe . . .
  • #82,823
  • Dec 17, 2010 7:39am Dec 17, 2010 7:39am
Quoting smartS
hey there all

thats my first post here after reading all (not all but a lot ) this thread.

happy to be part of it.

thanks for sharing



Sam
Welcome Sam.
Indicators show the past. Price Action "Indicates" the future.
  • #82,824
  • Dec 17, 2010 7:42am Dec 17, 2010 7:42am
Hi guys,

Love the story of this beob but not a lot of confluence.. just area + BEOB PA setup

Took an entry of 0.5%...already at BE

Would like to know your thoughts on this one.

Thx

Os.
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Trade Smart
  • #82,825
  • Dec 17, 2010 7:43am Dec 17, 2010 7:43am
Quoting ghous
Gj.

Nice and obvious 'Box movements'

g.
And...off we go.

g.
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I believe . . .
  • #82,826
  • Dec 17, 2010 7:46am Dec 17, 2010 7:46am
Quoting ghous
And...off we go.

g.

Niceeeee....
Trade Smart
  • #82,827
  • Dec 17, 2010 7:48am Dec 17, 2010 7:48am
Quoting Osman
Hi guys,

Love the story of this beob but not a lot of confluence.. just area + BEOB PA setup

Took an entry of 0.5%...already at BE

Would like to know your thoughts on this one.

Thx

Os.
Agreed, one of those 'get in and get out quick' type setups. Note that price is sitting at a very strong support area now. A move to BE at this stage is a smart one.

g.
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I believe . . .
  • #82,828
  • Dec 17, 2010 7:53am Dec 17, 2010 7:53am
Quoting kayhan7070
hey guys

not much story behind this trade but we have the BRN+365EMA,if this continues to the upside i am not going to take a fullbar loss,will cut it out...
Quoting kayhan7070
price went 5 pip higher than my entry point and broke hard,stop at BE

Awesome. Its what James and Mike talk about in the A+ catagory . .can you image just taking PBs that look just like this . .


Where's that bluetrader post . . ah . .here it is . .

Quoting jarroo
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.
Indicators show the past. Price Action "Indicates" the future.
  • #82,829
  • Dec 17, 2010 7:55am Dec 17, 2010 7:55am
Quoting mbqb11
just to clarify why I was willing to hold passed FTA(for better or worse it's something I would repeat so I will share for others).


Notice firstly the 8500 level . lines up perfect from our big swing to the 50....
Man, what a great post. Watching a chart and analyzing it like this is a great inspiration. Thank you, Mike.

Quoting Pinbar
You described my current state perfectly,

Hard to type with this back out and being flat in bed
Hey PB, have you ever heard of Stuart McGill? A lot of people in the fitness and martial arts community rely on his advice. I also got rid of some minor back problems with these exercises you can download for free: http://www.ahs.uwaterloo.ca/~mcgill/fitnessleadersguide.pdf
There are some more articles on his website. McGill is probably the highest renowned expert on this topic.

Get well soon!
Thanks J16, Sam Seiden, Udine and Jacko
  • #82,830
  • Dec 17, 2010 7:59am Dec 17, 2010 7:59am
Quoting Atc
Hey Jim...look how that slammed into 1.5650 area...I know you had your eye on this one....didn't you ? Did you reach out and TT this one?

Thx for being here,

Bill

I was all over it, Bill . . like white on rice.

Yes, a TT.
Indicators show the past. Price Action "Indicates" the future.
  • #82,831
  • Dec 17, 2010 8:04am Dec 17, 2010 8:04am
i am not sure about my order. but i want to set up 9720 as my TP position.

need your ideas .
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A chart helps those who can read it.
  • #82,832
  • Dec 17, 2010 8:07am Dec 17, 2010 8:07am
Quoting ghous
Agreed, one of those 'get in and get out quick' type setups. Note that price is sitting at a very strong support area now. A move to BE at this stage is a smart one.

g.
Yeah, that area was the one I was looking at for the BE...

I think this one has potential to go to the 1.5500 area.. im gonna let it ride..

BE or 1.55 .. got my TP at 1.5505

Thx Ghous.

Os.
Trade Smart
  • #82,833
  • Dec 17, 2010 8:16am Dec 17, 2010 8:16am
Quoting mbqb11
Hey BC

This is not a trade I would take. I was pointing out to Toronto that my bar did not close as a pin and that the trend up is strong so I would want to see a very strong close to want to short into that up move. A strong close depends on the look but generally speaking it is going to be equal or less then the opening. The chart I posted would be where I am watching in the future for trades.

Best
Mike
Ok. Thanks Mike
  • #82,834
  • Dec 17, 2010 8:23am Dec 17, 2010 8:23am
What a tough week for me 4 test this week at school :nerd:

But now back to study the method
Could anyone explain me the swing highs and swing lows please?
  • #82,835
  • Dec 17, 2010 8:23am Dec 17, 2010 8:23am
Quoting Atc
A quickie---Bingo!
Hi Atc
By quickie, did you mean you expect this trade to work for a very short time? Also what are the blue boxes suppose to signify?
Thanks
  • #82,836
  • Dec 17, 2010 8:27am Dec 17, 2010 8:27am
Quoting Pinbar
Jarroo

the other day you mentioned in a post to the Big fellow that, you were watching one of his videos and a light went on in your head and everything changed from that point.

Any chance you still remember what that point was and you can tell us about it.

Thanks in advance.
Well it wasn't just one video, probably a compliing of watching many of them. But it was simply of how a bar closes . at say a Resistance level . . Price will still make it a Resistance level as long as it doesn't close above it . .if it does close above the Resistance level then it has potentiel to be Support.

Remember when this came up, Jim was posting his 15min PB trade on the GU. And I pointed out the 1.5823, a clear Resistance level. Price broke thru and closed above. . . then I was saying . ."still no close below" many times, I showed how this once Resistance level was turning into Support.


It was veiwing this in his videos, when the light went on.
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Indicators show the past. Price Action "Indicates" the future.
  • #82,837
  • Dec 17, 2010 8:31am Dec 17, 2010 8:31am
thanks jaroo...

another trade:

nice confluence on the daily chart: fib50+ema150+BRN

4H chart: pinbar off of BRN ,entered on a retrace,stop @BE now
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  • #82,838
  • Dec 17, 2010 8:36am Dec 17, 2010 8:36am
Quoting ghous
And...off we go.

g.
Wow g. .I saw your ealier post on this . . talk about disecting a chart, forming a plan . .in a side ways market . .on the GJ no less.

What else is there to say . . wow. .
Indicators show the past. Price Action "Indicates" the future.
  • #82,839
  • Dec 17, 2010 8:36am Dec 17, 2010 8:36am
Quoting jarroo
I did take this one but I was out at the 1st target, 1.3300, full position.

Your answers are within your question. I believe that the confluences that were aligned with this PPZ level; 61.8 Fib, 365 ema, not so much the trendline (not very clear), previous bar low on the Weekly BEOB. . . . . . strengthened the PPZ level. . .added weight to it.

You know me with Outside Bars and their previous bar Highs and Lows . . . .absolutely it played a role.
So in your opinion, what makes a PPZ strong is not just flips / boxes but also other confluence factors around it?

Gotta love those Outside Bars retracement
  • #82,840
  • Dec 17, 2010 8:42am Dec 17, 2010 8:42am
Quoting kayhan7070
thanks jaroo...

another trade:

nice confluence on the daily chart: fib50+ema150+BRN

4H chart: pinbar off of BRN ,entered on a retrace,stop @BE now

Your on a roll kayhan . . .
Indicators show the past. Price Action "Indicates" the future.
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