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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

  • #83,101
  • Dec 19, 2010 11:18pm Dec 19, 2010 11:18pm
Quoting Pinbar
Thanks Jarroo

I was just asking about that first space area and what relationship it has to the current price. You mentioned that it is relevant yet, in this post you seem to be suggesting it is not relevant to current price?

I see now, you are talking about that first PB the one I posted the WIPG on.

I was showing the lack of Space in the current Price situation by giving a hint of a PB that did have Space, 1st PB.

Sorry for the confusion.
Indicators show the past. Price Action "Indicates" the future.
  • #83,102
  • Edited 11:39pm Dec 19, 2010 11:24pm | Edited 11:39pm
Quoting g_j_hook@yah
support turning to resistance, will it hold and protect my stop??...

classic stuff, just ask Jarroo.,.

stayin below 1.55 is good for me!!??

one thing i always meant to ask you Jarroo. where does the name come from???

jon

You got it, Jon. Looks like it didn't hold below the 1.5500, Price couldn't close below the 1.5500 on the Hourly. Time of a day is tricky as you know . .let's see what London brings.




Quoting Fxfighter
I wanted to ask the same quieston b/c is comon slovak name lol.
Quoting jarroo
It was kind of random too. The "J" is my first name, the "a" is my last name, the 'r' is my middle name, the "oo" was suppose to be adding dollor zeros to my name. lol
Indicators show the past. Price Action "Indicates" the future.
  • #83,103
  • Dec 19, 2010 11:24pm Dec 19, 2010 11:24pm
looking for a little help spotting the S/R area. There is a double top at the yellow line, previous bar highs. Or would the white line be better? The white line had 2 previous touches off the weekly and monthly.
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  • #83,104
  • Dec 19, 2010 11:28pm Dec 19, 2010 11:28pm
Quoting jarroo
I was showing the lack of Space in the current Price situation by giving a hint of a PB that did have Space, 1st PB.

Sorry for the confusion.

No problem Jarroo, I think I caused the confusion.

Jarroo, if you have time, any chance you could throw me a question or two about PPZ. I mean finding them as you do on a pair you stipulate?

Wandering around here a bit at the moment.

Questions help me focus.


Thanks in advance
  • #83,105
  • Dec 19, 2010 11:33pm Dec 19, 2010 11:33pm
Quoting Pinbar
No problem Jarroo, I think I caused the confusion.

Jarroo, if you have time, any chance you could throw me a question or two about PPZ. I mean finding them as you do on a pair you stipulate?

Wandering around here a bit at the moment.

Questions help me focus.


Thanks in advance
feel free to answer my question in the previous post
  • #83,106
  • Dec 19, 2010 11:36pm Dec 19, 2010 11:36pm
Quoting Cyrus
Whoops! Sorry chaps, was away on vacation, missed the big 5500 RN.

Time for my once in 500 pages rant. LOL.

Over the time taken in the past 500 pages, what has really been grounded into my trading is that this business takes TIME. Some 'get it' quickly, others, like me take longer... perhaps its stubbornness or perhaps the desire to really express J16 principles in my own manner; one can play them like the seniors do and be profitable VERY quickly (I'm thinking benji... speaking of which, where is that kid? Oh yes, IDF…), or grind it out and...

Another Cyrus classic . .

I still love that line of yours . . ."learn as much as you can, then simplify as much as you can." Cryus.

Quoting Cyrus
Post summaries by the seniors. If there's anyone you think should be in that I missed out, let me know please. I don't track this great thread page by page anymore so I'm abit dated in who else posts good stuff.

If I may give my 2cents (I'm gonna give it anyway. LOL), for the newer folk, learn as much as you can, then simplify as much as you can.
Rant on, brother . .rant on . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,107
  • Dec 19, 2010 11:43pm Dec 19, 2010 11:43pm
Quoting spookie94
feel free to answer my question in the previous post

Thanks Spookie..Man, I love that name. Should have made mine SpookiePinbar. LoL

IMHO, I would use the 1.5100 for the reasons on the chart.
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  • #83,108
  • Dec 19, 2010 11:45pm Dec 19, 2010 11:45pm
Quoting spookie94
looking for a little help spotting the S/R area. There is a double top at the yellow line, previous bar highs. Or would the white line be better? The white line had 2 previous touches off the weekly and monthly.
for me, the three price point about high or low price of each candle may be the resistance. hope it can help you .
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A chart helps those who can read it.
  • #83,109
  • Dec 19, 2010 11:54pm Dec 19, 2010 11:54pm
Quoting spookie94
looking for a little help spotting the S/R area. There is a double top at the yellow line, previous bar highs. Or would the white line be better? The white line had 2 previous touches off the weekly and monthly.
Quoting Pinbar
Thanks Spookie..Man, I love that name. Should have made mine SpookiePinbar. LoL

IMHO, I would use the 1.5100 for the reasons on the chart.
We're all on the same page here guys. Here's mine on the Weekly.

At the 1.5300, notice Price finally closed below it . .way below. The 1.5120ish, Price closed below.

These were previous Support levels that Price broke through and close below. I would look for them to act as Resistance . .if they close above them . .to act as Support again.
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Indicators show the past. Price Action "Indicates" the future.
  • #83,110
  • Dec 19, 2010 11:55pm Dec 19, 2010 11:55pm
Quoting geniusztc
for me, the three price point about high or low price of each candle may be the resistance. hope it can help you .
I agree with you and PB. A shame. The location was great. Just wish it had a little more space. Seen a few like this today. Chf/Jpy BEOB and Nzd/Chf PB also in good location but not much space.
  • #83,111
  • Edited 12:32am Dec 20, 2010 12:20am | Edited 12:32am
Quoting Pinbar
No problem Jarroo, I think I caused the confusion.

Jarroo, if you have time, any chance you could throw me a question or two about PPZ. I mean finding them as you do on a pair you stipulate?

Wandering around here a bit at the moment.

Questions help me focus.


Thanks in advance

I'm not sure on the kind of questions . .let me see . .


Where on this GU weekly chart would you find Price to act as Res or Sup? . .and what would Price have to do to confirm it? . .this is in real time.

Anyone can answer.
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Indicators show the past. Price Action "Indicates" the future.
  • #83,112
  • Dec 20, 2010 2:26am Dec 20, 2010 2:26am
Quoting jarroo
I'm not sure on the kind of questions . .let me see . .


Where on this GU weekly chart would you find Price to act as Res or Sup? . .and what would Price have to do to confirm it? . .this is in real time.

Anyone can answer.

Thanks Jarroo

Well, at first glance, this whole area looks like a 300 pip PPZ.

For me to take a trade on this, it is going to have to break above or below the two lines on my chart and show me some decent PA off maybe somewhere in the middle.
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  • #83,113
  • Dec 20, 2010 3:07am Dec 20, 2010 3:07am
Quoting jarroo
You got it, Jon. Looks like it didn't hold below the 1.5500, Price couldn't close below the 1.5500 on the Hourly. Time of a day is tricky as you know . .let's see what London brings.


yep, its hitting my last line of defence, the 1.5550-60 minor flip zone. iv tightened things up with a 50 pip TSL so if it does go back to retest 1.5500 as support without stopping me out first my stop will kick in if it holds.
stopped out of my gold short for a nice profit this morn also, but hanging in on my eu/us short with a SL just above 1.3200.....
Whatever happens im gonna close all tradesthis week anyway and start fresh after xmas.

cool way to get ur name!!! at last i get it. cheers
PATIENCE... DISCIPLINE
  • #83,114
  • Dec 20, 2010 3:16am Dec 20, 2010 3:16am
hello,everyone .here is my trade plan on AU. as we can see there are some resistances @ 0.9910, i am short AU @9900 ,stop loss @ 9930( 3 dollars) ,and take profit @ 9862(3.8 dollars) .
give me your criticism。
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A chart helps those who can read it.
  • #83,115
  • Dec 20, 2010 4:02am Dec 20, 2010 4:02am
Quoting jarroo
I'm not sure on the kind of questions . .let me see . .


Where on this GU weekly chart would you find Price to act as Res or Sup? . .and what would Price have to do to confirm it? . .this is in real time.

Anyone can answer.
This is mine.
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Nothing personal,just business
  • #83,116
  • Dec 20, 2010 4:07am Dec 20, 2010 4:07am
Quoting geniusztc
hello,everyone .here is my trade plan on AU. as we can see there are some resistances @ 0.9910, i am short AU @9900 ,stop loss @ 9930( 3 dollars) ,and take profit @ 9862(3.8 dollars) .
give me your criticism。
here i go.
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A chart helps those who can read it.
  • #83,117
  • Dec 20, 2010 4:11am Dec 20, 2010 4:11am
Quoting fxgroup
This is mine.

Yes, FXG, that is basically my thought on this setup.
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  • #83,118
  • Dec 20, 2010 5:02am Dec 20, 2010 5:02am
Quoting geniusztc
here i go.
lose 10 pips.
A chart helps those who can read it.
  • #83,119
  • Dec 20, 2010 5:11am Dec 20, 2010 5:11am
Quoting geniusztc
lose 10 pips.
GM Everyone..

Geniusztc, what was your trigger on that setup ?

Os.
Trade Smart
  • #83,120
  • Dec 20, 2010 5:15am Dec 20, 2010 5:15am
Quoting g_j_hook@yah
hi HS, good question and its not one i can...
That's a very good answer and it helps me a lot. So big moves do not necessarily mean big orders. It could also mean comparatively low liquidity and some matching orders at an extreme that are eager to be executed. Thanks a lot!

Quoting Cyrus
Whoops! Sorry chaps, was away on vacation, missed the big 5500 RN....
Great post, Cyrus. And thanks for compiling all those posts together.
Thanks J16, Sam Seiden, Udine and Jacko
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