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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

  • #83,001
  • Dec 19, 2010 12:14am Dec 19, 2010 12:14am
Quoting aarangio
oiiiiiii!!!...who you talking about here??
Geeeeeeze!!, Supreme I just seen all your buddy/vouch list...how did you add all of FF members into that list in one go????
talking about the old guys here, like ghous & benji533
are u old too?

the buddy list was laborious... took me awhile, it was not a one day stand, u know

Quoting Pinbar
Indeed Ghous
Great stuff, so I decided to post the answer.
The 150 EMA was the icing in the cake....
hahahah. i got it right.
but most likely i would've been stopped out before it hit the 0.94 area... as usual

Quoting ghous
He didn't do it in one day. he does it nice and slow...only 20 people a day.
...
hahah
you're answer was close

Quoting Pinbar
...
It was EG 2009 Feb 11...
got it Sir!
  • #83,002
  • Dec 19, 2010 12:19am Dec 19, 2010 12:19am
Quoting ghous
Where's this puppy headed and why?

g.

Here goes.
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  • #83,003
  • Dec 19, 2010 12:19am Dec 19, 2010 12:19am
Quoting jarroo
Its an exit statgety that Mike devised . .its in the PF, so I hope I'm not talking out of school.

Its basically using the highest High of your previous 2 Highs of your Bearish PA setup (previous 2 lowest Low for Bullish PA) once your high quality setup breaks. Then you trail it down that way. Did I mention that it has to be a high quality setup.

You can use just the previous (1 day) day's High but the highest High of the previous 2 days will give you more leeway.

1 Day High . .magenta line

2 Day High . .brown thicker line....
Thanks Jarroo / Jim...

I had another query on your BEOB set-up. Post number #82958 on page 5531. If you can throw some light on it.

http://www.forexfactory.com/showthre...38#post4252238

Thanks
0908
  • #83,004
  • Dec 19, 2010 12:22am Dec 19, 2010 12:22am
Quote
talking about the old guys here, like ghous & benji533
are u old too?
ummmmm!, yeah, close....just call me Fossil!

Quote
the buddy list was laborious... took me awhile, it was not a one day stand, u know
You really should play hard to get next time ..
  • #83,005
  • Dec 19, 2010 12:26am Dec 19, 2010 12:26am
Quote
He didn't do it in one day. he does it nice and slow...only 20 people a day.

g.
  • #83,006
  • Dec 19, 2010 12:28am Dec 19, 2010 12:28am
Quoting Pinbar
Here goes.
Nice.

that first box did the job of containing price.

g.
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I believe . . .
  • #83,007
  • Dec 19, 2010 12:30am Dec 19, 2010 12:30am
before i go..
here's a chart with a limited view (please ignore the lines)

Where is price going (last bar is a BUOB)
if u are gonna trade the BUOB, please give 2 or 3 targets.
will post the complete chart when i get back
Attached Image
  • #83,008
  • Dec 19, 2010 12:31am Dec 19, 2010 12:31am
Quoting ghous
Nice.

that first box did the job of containing price.

g.

Thanks for giving me a chance to do this Ghous.

Left to my own devices, I tend to wander off all over the place.

Being given a specific task helps me focus immensely and I think this is what I need.
  • #83,009
  • Dec 19, 2010 12:31am Dec 19, 2010 12:31am
Quoting supremeChaos
before i go..
here's a chart with a limited view (please ignore the lines)

Where is price going (last bar is a BUOB)
if u are gonna trade the BUOB, please give 2 or 3 targets.
will post the complete chart when i get back
Attachment

Give me 10 mins.
  • #83,010
  • Dec 19, 2010 12:44am Dec 19, 2010 12:44am
Quoting supremeChaos
before i go..
here's a chart with a limited view (please ignore the lines)

Where is price going (last bar is a BUOB)
if u are gonna trade the BUOB, please give 2 or 3 targets.
will post the complete chart when i get back
Attachment

I think it could possibly make it to T2 and if gets a foothold there it may make it all the way back to the high blue line.
Attached Image
  • #83,011
  • Dec 19, 2010 12:46am Dec 19, 2010 12:46am
Quoting forex0908
Hi Jarroo,

We had a BUOB on the CHFJPY Weekly TF sometime back. I am assuming that you prefer to trade at 50% retracement of BUOBs / BEOBs or at previous bar high.

Now immediately when the market opened next week, we had a BEOB on Monday - i.e. Daily TF - it engulfed the Friday Bar.

It even touched the 61.8 % retracement of the Weekly BUOB. How do you deal in such a case?

I know the Weekly TF holds more weight than the daily.

But how strong a PA signal would we need (let's say at 50% retracement of the weekly BUOB or previous...
I got it here 0908.

I was still playing off this Weekly BUOB in Blue, mainly its previous bar High level, 83.50-83.00.

On the Daily their was no clear bullish PA at th 83.50 level. One thing that did catch my eye on the Daily were these BEOBs in yellow. Notice that one didn't break and the other did and just made it to its target barely, previous bar low. Told me that we were going up.

I took a few touch trades prior to the yellow Daily BEOBs at the 83.50ish level. . .some for proift some for breakeven from the 4 hour and Hourly. They were not PA based so I didn't post them.

Your Weekly BUOB aided in one of my current entries on this pair . . . I can show that if you like.
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Indicators show the past. Price Action "Indicates" the future.
  • #83,012
  • Dec 19, 2010 1:19am Dec 19, 2010 1:19am
Jarroo

The SPACE you marked on this chart is a little confusing as, I can't work out what relationship it has to current price.

Is this just an old chart and you left that on or, does it actually have any significance to current price, that I may be missing?
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  • #83,013
  • Dec 19, 2010 1:52am Dec 19, 2010 1:52am
Quoting Pinbar
Ok folks, my back has recovered enough to sit up for a couple of hours.

Here is one of our usual weekend, Where is price going with an added question of if you would take it or not and for what reasons.

I hope someone else will post one so I can have a go at it.

EDIT: Even Jarroo is welcome to try.

The answer will be posted tomorrow as usual.

EDIT: WARNING. This is a reconstruction from my notes on a J16 video.

Posted the answer as Ghous hit it right in the head. as expected of course.
These are my thoughts:
1)BUOB is at swing low, engulfing 3 bars, hence a good one
2) The close is above the ppz/flip area marked in red rectangle box
3) Close of the BUOB is good though not great.
4) Overall trend is upwards

It might retrace to either PPZ area or the previous bar high
FTA would be around 9000 and in the middle of the blue big box and previous bar low
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  • #83,014
  • Dec 19, 2010 1:57am Dec 19, 2010 1:57am
Quoting cprao
These are my thoughts:
1)BUOB is at swing low, engulfing 3 bars, hence a good one
2) The close is above the ppz/flip area marked in red rectangle box
3) Close of the BUOB is good though not great.
4) Overall trend is upwards

It might retrace to either PPZ area or the previous bar high
FTA would be around 9000 and in the middle of the blue big box and previous bar low

Yes, that wa just about the story, if you look at the answer I posted.

Good job C.

Have a go at the one Supreme posted.
  • #83,015
  • Dec 19, 2010 2:12am Dec 19, 2010 2:12am
Quoting supremeChaos
before i go..
here's a chart with a limited view (please ignore the lines)

Where is price going (last bar is a BUOB)
if u are gonna trade the BUOB, please give 2 or 3 targets.
will post the complete chart when i get back
Attachment
1)BUOB is at swing low
2)Engulfed 2 bars.
3)Close is great - no wic

It may not retrace or may not retrace much in consideration of the good close of the PA.

First FTA is very close. May not be bad idea to have the entry above the first FTA.

2nd FTA is high of the previous bar
Target is the next PPZ/flip area.
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  • #83,016
  • Dec 19, 2010 2:12am Dec 19, 2010 2:12am
Quoting Pinbar
Yes, that wa just about the story, if you look at the answer I posted.

Good job C.

Have a go at the one Supreme posted.
Thank you.
  • #83,017
  • Dec 19, 2010 2:13am Dec 19, 2010 2:13am
Ok, here is another Where is price going, seniors feel free to try it.

Please state your FTA TP1 & TP2 along with your SL & if you would have taken this trade or not.



Daily chart.
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  • #83,018
  • Dec 19, 2010 2:21am Dec 19, 2010 2:21am
Quoting Pinbar
Ok, here is another Where is price going, seniors feel free to try it.

Please state your FTA TP1 & TP2 along with your SL & if you would have taken this trade or not.



Daily chart.
I don't see a lot of potential there Steve,

Notice how the market's really flat, and notice where the FTA is. Although I won't bet on it, but if price has broken the FTA it's probably going to find trouble on the next marked area (how I see it)

just my thoughts, which could go horribly wrong as well. You never know...

No trade.

g.
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I believe . . .
  • #83,019
  • Dec 19, 2010 2:24am Dec 19, 2010 2:24am
Quoting ghous
I don't see a lot of potential there Steve,

Notice how the market's really flat, and notice where the FTA is. Although I won't bet on it, but if price has broken the FTA it's probably going to find trouble on the next marked area (how I see it)

just my thoughts, which could go horribly wrong as well. You never know...

No trade.

g.
OK Ghous, I will post the answer in 1 hours time from now. That will be 6:30 PM Japan standard time.
  • #83,020
  • Edited 2:41am Dec 19, 2010 2:29am | Edited 2:41am
Quoting Pinbar
Here is one of our usual weekend, Where is price going with an added question of if you would take it or not and for what reasons.
Hey PB, here's my take on this (made the chart before I saw your answer). Would definitely trade it. Like Ghous and Jarroo said: Great position at PPZ. 0.9000 would have probably been my TP area since price stalled there.

Maybe I will I have some time later in the day to post a WIPG, too.
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Thanks J16, Sam Seiden, Udine and Jacko
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