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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

  • #84,061
  • Dec 29, 2010 5:08pm Dec 29, 2010 5:08pm
Quoting Donkey
Tried to answer on a couple of charts....wkly chart shows that last weeks close the 1.3000 was maintaining strong support.

This week we had daily closes (daily chart) below the previous support and we would expect the level to act as resistance.

Also a daily box of consolidation we would expect to provide resistance as well.

Poodle never broke so it wasn't "technically" a pin

Very nice D.

It sure shows the strength of consolidation boxes and the BRNs.

But it is interesting how just a strong close below these levels can turn the tables. . .
Indicators show the past. Price Action "Indicates" the future.
  • #84,062
  • Dec 29, 2010 6:18pm Dec 29, 2010 6:18pm
Quoting jarroo
Thanks Steve, I hope you and your back had a relaxing Christmas as well.


I was responding to this post of yours on the Gbp/Nzd:
Sorry Jarroo, I get confused about which pair we are talking about after so many pairs,
I thought you were talking about USD/JPY, that is why I responded about USD/JPY.

On the GBP/NZD, it didn't follow my plan.
This shows us that plans are fine but we should be prepared to ditch them at the drop of a hat, if price is not going to abide by them.
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  • #84,063
  • Dec 29, 2010 7:36pm Dec 29, 2010 7:36pm
Quoting cprao
Yesterday when Ghous and others were discussing about this setup, I expected it to be behaving like the following chart.

At this point, I don't see any indications any bearish PA either in H4 or H1 TF's.

What would be your opinion on this one ?

I have been monitoring my charts, and the eurcad didn't even get a second look... I'm not understanding the setup thought process on it... the high of that bearish bar wasn't coming off anything significat at all in my opinion.

GBPUSD BEOB would have been nice if the CLOSE was lower than the bar lows directly to the left of it - didn't happen.

EURGBP bearish pin would have been nice if it wasn't aiming right at the 0.8500 VBRN... price got almost exactly that far.


lol do I sound like mike yet? I hope so.
Many choose unhappiness over uncertainty.
  • #84,064
  • Edited Dec 30, 2010 8:00am Dec 29, 2010 7:56pm | Edited Dec 30, 2010 8:00am
Quoting Pinbar
Sorry Jarroo, I get confused about which pair we are talking about after so many pairs,
I thought you were talking about USD/JPY, that is why I responded about USD/JPY.

On the GBP/NZD, it didn't follow my plan.
This shows us that plans are fine but we should be prepared to ditch them at the drop of a hat, if price is not going to abide by them.
I was talking about both pairs and how they had a similar Price reaction to a very strong confluenced level once Price broke through and closed above (the Usd/Jpy, 83.00 level) and below (the Gbp/Nzd, 2.0750).

Can you see that, Pb?
Indicators show the past. Price Action "Indicates" the future.
  • #84,065
  • Dec 29, 2010 7:59pm Dec 29, 2010 7:59pm
Quoting john225
I think that the other reason is that the poodle PB didnīt closed above 1.3 ( PPZ) which holds still as resistance.

Yep, that was another. Also Price was moving down pretty strong, tough to fight that strong momentum even with a BRN.
Indicators show the past. Price Action "Indicates" the future.
  • #84,066
  • Edited 8:23pm Dec 29, 2010 8:08pm | Edited 8:23pm
Quoting jarroo
I was talking about both pairs and how they had a similar Price reaction to a very strong confluenced level once Price broke through and closed above (the Usd/Jpy, 83.00 level) and and below (the Gbp/Nzd, 2.0750).

Can you see that, Pb?

I think so? Just testing this video and actually made a video response on the GBP/NSD...
Inserted Video


Maybe this will show where I am going Wrong more easily.
  • #84,067
  • Dec 29, 2010 8:25pm Dec 29, 2010 8:25pm
0.3% Rise on Silver within the realm..
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Set Realistic TPs if you agree.
  • #84,068
  • Dec 29, 2010 8:37pm Dec 29, 2010 8:37pm
Quoting Pinbar
I think so? Just testing this video and actually made a video response on the GBP/NZD...
http://www.youtube.com/watch?v=rNrMb0q4AHc

Maybe this will show where I am going Wrong more easily.

The video is working great, Pb. That Monthly PB did break hard for a good 200 pips.



I see you made the correction . . No surprises with the Nzd/Usd on the Monthly.
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Indicators show the past. Price Action "Indicates" the future.
  • #84,069
  • Dec 29, 2010 8:44pm Dec 29, 2010 8:44pm
Quoting jarroo
The video is working great, Pb. That Monthly PB did break hard for a good 200 pips.



I see you made the correction . . No surprises with the Nzd/Usd on the Monthly.

I see what you mean, now.

Didn't see any Daily bullish PB on that monthly GBP/NZD PB though.

Just wondering if I am on the same page with that analysis on the video or am already off the tracks.

EDIT: Hmmm, perhaps I am in derailment already. LoL


Yeah, it is a great program once we get used to it.
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  • #84,070
  • Dec 29, 2010 8:48pm Dec 29, 2010 8:48pm
Quoting Bemac
0.3% Rise on Silver within the realm..
Attachment
Set Realistic TPs if you agree.

Interesting indeed, Bemac.
Indicators show the past. Price Action "Indicates" the future.
  • #84,071
  • Dec 29, 2010 9:01pm Dec 29, 2010 9:01pm
Quoting Pinbar
I see what you mean, now.

Didn't see any Daily bullish PB on that monthly GBP/NZD PB though.

Just wondering if I am on the same page with that analysis on the video or am already off the tracks.

EDIT: Hmmm, perhaps I am in derailment already. LoL


Yeah, it is a great program once we get used to it.
Yes, you did good Pb. . . its a tough pair, the Gbp/Nzd. Especially when the levels are very choppy.
Indicators show the past. Price Action "Indicates" the future.
  • #84,072
  • Dec 29, 2010 9:10pm Dec 29, 2010 9:10pm
Quoting jarroo
Yes, you did good Pb. . . its a tough pair, the Gbp/Nzd. Especially when the levels are very choppy.

Oh, good..Thanks Jim.

Have to ask occasionally, before I find out I am already too far off the rails to get back.
  • #84,073
  • Dec 29, 2010 9:21pm Dec 29, 2010 9:21pm
4 hr pin with close fta marked in gold also double top...any brief views?
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Trading is a test match not a Twenty20.
  • #84,074
  • Dec 29, 2010 9:28pm Dec 29, 2010 9:28pm
Quoting decentchap
4 hr pin with close fta marked in gold also double top...any brief views?

Can you show me your Daily PPZ levels on your 4 hour chart?
Indicators show the past. Price Action "Indicates" the future.
  • #84,075
  • Edited 9:36pm Dec 29, 2010 9:32pm | Edited 9:36pm
Quoting jarroo
Can you show me your Daily PPZ levels on your 4 hour chart?

Sorry, couldn't pass on this chance of more practice.

EDIT: Good idea.
  • #84,076
  • Dec 29, 2010 9:33pm Dec 29, 2010 9:33pm
Quoting Pinbar
Sorry, couldn't pass on this chance of more practice.

Let's see what decentchap comes up with first. . .

Oh well . .that's Ok Pb ..
Indicators show the past. Price Action "Indicates" the future.
  • #84,077
  • Dec 29, 2010 9:39pm Dec 29, 2010 9:39pm
Quoting decentchap
4 hr pin with close fta marked in gold also double top...any brief views?
You can show the Daily levels first on the daily.
Indicators show the past. Price Action "Indicates" the future.
  • #84,078
  • Edited 9:42pm Dec 29, 2010 9:39pm | Edited 9:42pm
Quoting jarroo
Can you show me your Daily PPZ levels on your 4 hour chart?
Hey Jim sorry my laptop has run out of power so don't have access to charts now. I am in the UK so its bed time for me now. But while I am here let me just thank you for all your contributions on this and dibs thread.
Also, Your method of recognizing near by ppz and waiting for appropriate pa to confirm has made a lot of sense to me. Goodnight all.
Trading is a test match not a Twenty20.
  • #84,079
  • Dec 29, 2010 9:43pm Dec 29, 2010 9:43pm
Quoting decentchap
Hey Jim sorry my laptop has run out of power so don't have access to charts now. I am in the UK so its bed time for me now. But while I am here let me just thank you for all your contributions on this and dibs thread.
Also, Your method of recognizing near by ppz and waiting for appropriate has made a lot of sense to me. Goodnight all.

Well let me show you what I got . . Chart.

I would like that 4 Hour PB at the 1.3300. .. and much bigger.
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Indicators show the past. Price Action "Indicates" the future.
  • #84,080
  • Dec 29, 2010 9:52pm Dec 29, 2010 9:52pm
Quoting Pinbar
Sorry, couldn't pass on this chance of more practice.

EDIT: Good idea.

What do you got Pb?
Indicators show the past. Price Action "Indicates" the future.
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