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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

  • #86,281
  • Jan 19, 2011 2:17am Jan 19, 2011 2:17am
Quoting Pinbar
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.
Apply the PBT&CA and PBT&CB to each of these boxes.
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Indicators show the past. Price Action "Indicates" the future.
  • #86,282
  • Jan 19, 2011 2:22am Jan 19, 2011 2:22am
Hey Ghous...! You OK...Just heard about the big earthquake.
  • #86,283
  • Jan 19, 2011 2:35am Jan 19, 2011 2:35am
Quoting jarroo
Apply the PBT&CA and PBT&CB to each of these boxes.

I have that sneaky feeling I am missing something.

Either that or my brain has dropped the ball and wandered off.
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  • #86,284
  • Jan 19, 2011 2:45am Jan 19, 2011 2:45am
Quoting Pinbar
I have that sneaky feeling I am missing something.

Either that or my brain has dropped the ball and wandered off.

Looks good PB . .

That's not an IPB you noted . .but you got the gist of it . .

So if Price closes above the 1.3400ish level its got a good chance of acting as Support.
Indicators show the past. Price Action "Indicates" the future.
  • #86,285
  • Jan 19, 2011 2:49am Jan 19, 2011 2:49am
Quoting jarroo
Looks good PB . .

That's not an IPB you noted . .but you got the gist of it . .

So if Price closes above the 1.3400ish level its got a good chance of acting as Support.

Thanks Jarroo, You had me worried there for a sec. LoL

I drew two IPB, are they both not IPB or just the last one at a SL, and I guess that is why it is not an IPB so, I just answered my own question.
  • #86,286
  • Jan 19, 2011 2:49am Jan 19, 2011 2:49am
Quoting Pinbar
I have that sneaky feeling I am missing something.

Either that or my brain has dropped the ball and wandered off.
nice chart pinbar.

which area for the pullback to u expect? 2900-3000 area?

the gurus in eu thread want to see eu at 1.4000 , at the best yesterday

i see 3300, 3250 and maybe some more before breaking 3550.

Phanti
Hero calls followed by margin calls...
  • #86,287
  • Jan 19, 2011 2:50am Jan 19, 2011 2:50am
Quoting Pinbar
Thanks Jarroo, You had me worried there for a sec. LoL

I drew two IPB, are they both not IPB or just the last one at a SL, and I guess that is why it is not an IPB so, I just answered my own question.

Both are not IPBs . .they are just regular PBs . .Pb.
Indicators show the past. Price Action "Indicates" the future.
  • #86,288
  • Jan 19, 2011 2:52am Jan 19, 2011 2:52am
Quoting PhAnTi'
nice chart pinbar.

which area for the pullback to u expect? 2900-3000 area?

the gurus in eu thread want to see eu at 1.4000 , at the best yesterday

i see 3300, 3250 and maybe some more before breaking 3550.

Phanti

I suppose, Jarroo's RN would be the obvious area at the 400.
That said, there is also a strong support area just above that where I marked with the red rectangle and all those bar lows on the left of the chart with long wicks.
  • #86,289
  • Jan 19, 2011 2:53am Jan 19, 2011 2:53am
Quoting jarroo
Both are not IPBs . .they are just regular PBs . .Pb.
That is why I have a policy to stay away from them.
  • #86,290
  • Jan 19, 2011 2:53am Jan 19, 2011 2:53am
Quoting Pinbar
I suppose, Jarroo's RN would be the obvious area at the 400.
That said, there is also a strong support area just above that where I marked with the red rectangle and all those bar lows on the left of the chart with long wicks.
sorry but im not familiar with this threads language

whats RN?

thanks in advance !

Phanti
Hero calls followed by margin calls...
  • #86,291
  • Jan 19, 2011 3:01am Jan 19, 2011 3:01am
Quoting PhAnTi'
sorry but im not familiar with this threads language

whats RN?

thanks in advance !

Phanti

Here you go.
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  • #86,292
  • Jan 19, 2011 3:04am Jan 19, 2011 3:04am
Quoting Pinbar
Hey Ghous...! You OK...Just heard about the big earthquake.
I am fine.

It struck late at night and was heavy in some areas (>7) than others. I didn't feel anything but in the areas where it was serious people's birds started shouting much before the actual shake and people had to evacuate buildings...I couple were floored too.

g.
I believe . . .
  • #86,293
  • Jan 19, 2011 3:05am Jan 19, 2011 3:05am
Quoting jarroo
Both are not IPBs . .they are just regular PBs . .Pb.

I just realized we are talking about a possible setup with, a single line on the chart and price. Darn sneaky these Price Action mind frames. One moment, we are talking about birdcages, the next, we have a single line on the chart and it doesn't feel unnerving anymore.
  • #86,294
  • Jan 19, 2011 3:06am Jan 19, 2011 3:06am
Quoting Pinbar
Here you go.
ah.

thank you so much for your effort.

Phanti
Hero calls followed by margin calls...
  • #86,295
  • Jan 19, 2011 3:10am Jan 19, 2011 3:10am
Quoting ghous
I am fine.

It struck late at night and was heavy in some areas (>7) than others. I didn't feel anything but in the areas where it was serious people's birds started shouting much before the actual shake and people had to evacuate buildings...I couple were floored too.

g.
Glad to hear you are ok, Ghous.

We have not had any real biｇ tremors in Tokyo for a few years.
That is what is scary, they say it is better to have little ones now and again and it means the plates are letting of steam and not building up like a giant Pinbar.

Yeah, they say the earths magnetism changes a little before a quake and some plasma or something is released creating weird earthquake clouds often before a big one.
Attached Image
  • #86,296
  • Jan 19, 2011 3:13am Jan 19, 2011 3:13am
Quoting ghous
I am fine.

It struck late at night and was heavy in some areas (>7) than others. I didn't feel anything but in the areas where it was serious people's birds started shouting much before the actual shake and people had to evacuate buildings...I couple were floored too.

g.

That's good to hear about you ..g. I hope and prayer for the others.
Indicators show the past. Price Action "Indicates" the future.
  • #86,297
  • Jan 19, 2011 4:20am Jan 19, 2011 4:20am
Quoting jarroo
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.
The reason I think is because 1.6105 is the high of october 2009, when price revisits that high it also completes a so called Quasimodo pattern, which would trigger a sell.
Pipcrawler
  • #86,298
  • Jan 19, 2011 4:22am Jan 19, 2011 4:22am
GBP/USD played the break of BEOB off 1.6 stop moved to b/e at first trouble area 1.595

On FXpro demo..

UPDATE: stopped out at b/e
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Trading is a test match not a Twenty20.
  • #86,299
  • Jan 19, 2011 4:31am Jan 19, 2011 4:31am
Here's a live example of a Quasi in action right now on the Ozzie. Price revisits the high of one of the weekly bars in december, the more experienced traders would sell on a touch, I prefer to see some sell PA @ that level. On the 1H-TF a IPB is my sell trigger, also confluence @ floorpivot R2.
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Pipcrawler
  • #86,300
  • Jan 19, 2011 4:40am Jan 19, 2011 4:40am
Quoting jarroo

So if Price closes above the 1.3400ish level its got a good chance of acting as Support.
Hi jaroo
Hope you do not mind me asking, if the 1.3400 ish becomes support then would you expect the ppz area 1.3790ish to be FTA
Rgds
Grahame
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