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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

  • #86,261
  • Jan 18, 2011 9:59pm Jan 18, 2011 9:59pm
Quoting joelcf
Hope that made sense, and didnt go around in circles too much
Nope, sounds perfect


"majorminors" I like that one


thanks a lot!
Many choose unhappiness over uncertainty.
  • #86,262
  • Jan 18, 2011 10:01pm Jan 18, 2011 10:01pm
cj h4...
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meine augen sind die sterne
  • #86,263
  • Jan 18, 2011 10:23pm Jan 18, 2011 10:23pm
Right. Limit Sell will be in Cable then at 1.6105.

Come on, baby.
  • #86,264
  • Jan 18, 2011 11:04pm Jan 18, 2011 11:04pm
Quoting Pinbar
Mike!!

That really confused me. I mean I have seen the Big Guy taking worse looking PBs than this one in the videos.

If we look at the higher horizontal line I drew, we can see the close is still below this area, if it closed as it is right now, you would still pass on this?

Nothing but bullish bars . . .wouldn't you say that bearish PB looks bullish?? We want our bearish PBs to look . . .well . . bearish . . makes sense to me,

You got a great level there Pb . . just follow it through . .
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Indicators show the past. Price Action "Indicates" the future.
  • #86,265
  • Jan 18, 2011 11:06pm Jan 18, 2011 11:06pm
Quoting Pinbar
I want to see one of those rare Jarroo Birdcages! Please!
Here you go . . .


Quoting jarroo
Took half of position at the 211.44.
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Indicators show the past. Price Action "Indicates" the future.
  • #86,266
  • Jan 18, 2011 11:12pm Jan 18, 2011 11:12pm
Quoting jarroo
Here you go . . .


Ahhh, I knew it........After looking at your chart, I see you have the lines at perfectly logical areas. Hmm, is this a true birdcage. I think I had you beat with the number of lines at illogical places. Jarroo.


What a terrible chart and look at that tiny PB.....LoL
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  • #86,267
  • Edited 11:29pm Jan 18, 2011 11:14pm | Edited 11:29pm
Quoting Pinbar
Ahhh, I knew it........After looking at your chart, I see you have the lines at perfectly logical areas. Hmm, is this a true birdcage. I think I had you beat with the number of lines Jarroo.
You see logic in those lines? . . you got me beat there . . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #86,268
  • Jan 18, 2011 11:16pm Jan 18, 2011 11:16pm
Quoting jarroo
You see logic in those line? . . you got me beat there . . . lol

Well, compared to my chart, I mean.
  • #86,269
  • Jan 18, 2011 11:20pm Jan 18, 2011 11:20pm
Quoting Pinbar
Well, compared to my chart, I mean.
We've come along way, Pb . .

The Euro looks interesting . .I wonder how it will close today.

What do you think, Pb?
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Indicators show the past. Price Action "Indicates" the future.
  • #86,270
  • Jan 18, 2011 11:24pm Jan 18, 2011 11:24pm
Quoting the_wizard
I would say that the possibilities of the bear attack are going to come from the fact that Cable is up for eight days in a row.

It's done more than that before.

It's managed nine.

Once.

In 15 years.

I'm hoping for a push into 1.6105 to get short. That's probably too optimistic.

Chances are tomorrow is a down day.
what's up buddy

Well I can't disclose everything I do, but you must keep everything I said in the context of my reasoning. Was trying to open his mind to put him in the right mindset by asking all the questions, and that's being flexible and not impose assumption on chart.

will they succeed in breaking the previous day high? don't no but I will follow it.

liquidate my yesterday short and revers.

PS: I saw your workstation what the heck do you have on the walls are you trying to kill somebody

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  • #86,271
  • Jan 18, 2011 11:26pm Jan 18, 2011 11:26pm
Quoting jarroo
Now will it act as Resistance?

I should have also said . . not only a better quality PB on the Weekly but a less choppier pair . . . .and better time of day.
Just a followup. You got to like those higher TF PPZs on the lower TFs.

I not suggesting to trade this way, but I am suggesting to watch and practise this way . .
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Indicators show the past. Price Action "Indicates" the future.
  • #86,272
  • Jan 18, 2011 11:32pm Jan 18, 2011 11:32pm
Well. at a glance, I like the 150 ema confluence with the PPZ and the previous bar of the monthly BEOB and just above the 50 fibo, on the weekly TF.
IMHO
If this current daily bar closes above the 1.34250 area, we may get a run up and see some bearish PA at the above mentioned confluence area, around the 1.36500 ish mark.
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  • #86,273
  • Jan 18, 2011 11:39pm Jan 18, 2011 11:39pm
Quoting Pinbar
Well. at a glance, I like the 150 ema confluence with the PPZ and the previous bar of the monthly BEOB and just above the 50 fibo.
IMHO
If this current daily bar closes above the 1.34250 area, we may get a run up and see some bearish PA at the above mentioned confluence area, around the 1.36500 ish mark.

I see . .

What do you think about the 1.3400 area if it closes "as is" today?
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Indicators show the past. Price Action "Indicates" the future.
  • #86,274
  • Jan 18, 2011 11:50pm Jan 18, 2011 11:50pm
thanks chaos, isn't EJ on a downtrend? you seem to expect the other way, will you share the reason for your stand? btw i just took a trade on USDCHF sell, not sure if im gettin the PB right this time... feel free to comment, ppl thanks!

Bethel

Quoting supremeChaos
sorry for the late reply.. my 'PC time' yesterday was limited..
not really sure if u got replies.
anyway, here are mine

not sure what u mean with your Q, Bethel. (u didnt attach a chart)
anyway, 110 was reached as i expected.
price is now above it.
i see possibility of pullback to 110. depending on how we close later/weekend, we may see 113 area next week easily, we might get around 111.50 area... or perhaps consolidate first (108.00 - 110 area).


on IBFX, it looked like that, a doji, too.
if u traded it, u would've had minor drawdown......
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  • #86,275
  • Jan 18, 2011 11:50pm Jan 18, 2011 11:50pm
Quoting the_wizard
Right. Limit Sell will be in Cable then at 1.6105.

Come on, baby.

Any reason for the 1.6105 instead of . say . .the 1.5995. Then at least you got the 1.6 to help with the push you down.
Indicators show the past. Price Action "Indicates" the future.
  • #86,276
  • Jan 18, 2011 11:55pm Jan 18, 2011 11:55pm
Quoting jarroo
I see . .

What do you think about the 1.3400 area if it closes "as is" today?

Hmm, Let me see.

Well, as we are at a SH, we are going to have to wait for it to breakout and pullback to the 50 fibo and the support area at the dotted line, if we are going to be looking for any bullish PA, which may take us up to the the former monthly BEOB previous bar high?
I can see how it would be a nice area for a pullback but apart from that..?
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  • #86,277
  • Jan 18, 2011 11:58pm Jan 18, 2011 11:58pm
Quoting Pinbar
Hmm, Let me see.

Well, as we are at a SH, we are going to have to wait for it to breakout and pullback to the 50 fibo and the support area at the dotted line, if we are going to be looking for any bullish PA, which may take us up to the the former monthly BEOB previous bar high?
I can see how it would be a nice area for a pullback but apart from that..?
Do you mean . .it would be a good area of Support because Price broke through previous Resistance and closed above it, turning it into Support. . .is that what you mean?
Indicators show the past. Price Action "Indicates" the future.
  • #86,278
  • Jan 19, 2011 12:04am Jan 19, 2011 12:04am
Quoting jarroo
Do you mean . .it would be a good area of Support because Price broke through previous Resistance and closed above it, turning it into Support. . .is that what you mean?

Yes, we have the row of candles that nothing closes above or below at historically. But, we are at a SH. The swing high is the problem I have there.
I mean, even if PBT&CA we still have to wait for the retest and bullish PA.

Sorry, been busy in Japanese and my brain is not working well with English today.


EDIT: The Breakthrough is not support till it shows us a retest, so at this stage, I am not even considering it support.
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  • #86,279
  • Jan 19, 2011 12:06am Jan 19, 2011 12:06am
Quoting Pinbar
Yes, we have the row of candles that nothing closes above or below at historically. But, we are at a SH. The swing high is the problem I have there.
I mean, even if PBT&CA we still have to wait for the retest and bullish PA.

Sorry, been busy in Japanese and my brain is not working well with English today.
Take a look at the Weekly . .it looks more like one of your consolidation boxes to me . .

Yes, we will have to wait for Price to come back down . .trading is waiting.
Indicators show the past. Price Action "Indicates" the future.
  • #86,280
  • Jan 19, 2011 12:11am Jan 19, 2011 12:11am
Quoting jarroo
Take a look at the Weekly . .it looks more like one of your consolidation boxes to me . .

You mean the area in between.
Sorry, I don't see the relevance apart from it being a PPZ area.

We still need the retest, or a rejection, do we not?

I mean, I think we are both agreeing that it is a strong PPZ area.
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