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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

  • #86,401
  • Jan 20, 2011 2:05am Jan 20, 2011 2:05am
Quoting jarroo
You watching this Pb . . ?

I was asked what the lines on this Euro daily chart were in reference to and why.

Magenta line is the recent Daily closes . .lining up nicely, 1.3385ish.

Green line is the highest close of the PPZ level (at the green check mark), 1.3415ish.

Dotted line is a Round Number, 1.3400.

Dash line is the Big Round Number, 1.3500

Price has broken through these lines of Resistance on the Daily (except for the 1.3500) and I will look for is area to now act as Support . .bullish PA.
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Indicators show the past. Price Action "Indicates" the future.
  • #86,402
  • Jan 20, 2011 2:09am Jan 20, 2011 2:09am
Quoting Adilius07
Anyone considered this PB?
I think FTA is clear - that low of the previous BUOB...

Looks a bit too tiny compared to the bullish bars for my liking.

I would watch out for the 1.27800 area.
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  • #86,403
  • Jan 20, 2011 2:39am Jan 20, 2011 2:39am
Quoting mbqb11
look who it is
That was one long party you took
Quoting ghous
BUNDY!! http://cdn.forexfactory.com/images/s...m/big_grin.gif
Quoting jarroo
Hey!! Bundy!! . .http://cdn.forexfactory.com/images/s.../yim/happy.gif !
I thought you settled down in the Caymen Islands somewhere, drinking out of coconuts and earning 20% . .
Good to see you all still at it.

Not quite Jimmy , that's a few years off yet mate. lol
Bundy's status today: "Waiting..."
  • #86,404
  • Jan 20, 2011 2:44am Jan 20, 2011 2:44am
Quoting jarroo
You watching this Pb . . ?

Yes, I am Jarroo.

Thanks for the heads up
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  • #86,405
  • Jan 20, 2011 2:51am Jan 20, 2011 2:51am
Quoting bundyraider
Good to see you all still at it.

Not quite Jimmy , that's a few years off yet mate. lol

lol Its great to see again, bro.

I learned alot from this guy folks and I still do when I re-read and re-read his posts . .I suggest others do the same ..
Indicators show the past. Price Action "Indicates" the future.
  • #86,406
  • Jan 20, 2011 2:54am Jan 20, 2011 2:54am
Quoting Pinbar
Yes, I am Jarroo.

Thanks for the heads up
I like the 365 on the IBFX feed . . but the main point is that this is a great level on all feeds and Price broke through it and closed above it on the daily.
Indicators show the past. Price Action "Indicates" the future.
  • #86,407
  • Jan 20, 2011 3:41am Jan 20, 2011 3:41am
Hope you guys having a nice day.

I icline to think that if GBP dont close the day over 1.60 it will be 3 days in a row .I would be looking for a decent PA to the downside ?

Note that 76% retracement level there abouts for now.

Any comments welcome!

Cheers V
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  • #86,408
  • Jan 20, 2011 3:46am Jan 20, 2011 3:46am
Quoting jarroo
I like the 365 on the IBFX feed . . but the main point is that this is a great level on all feeds and Price broke through it and closed above it on the daily.

I think a pullback to the 150 and the 38.2 may be on the cards.

We are still waiting for the pullback, right?

Almost a DBLHC but 8 pips difference in the low.
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  • #86,409
  • Jan 20, 2011 3:50am Jan 20, 2011 3:50am
Quoting menomoo
Hope you guys having a nice day.

I icline to think that if GBP dont close the day over 1.60 it will be 3 days in a row .I would be looking for a decent PA to the downside ?

Note that 76% retracement level there abouts for now.

Any comments welcome!

Cheers V
Very good observation V.

The 1.60 is acting as Resistance since Price could not close above it over the last couple of days. Strong bearish PA would look very good at this level.

The Uptrend to the 1.60 has been very strong so no wimpy bearish PA need apply. . .but my eye is looking at this as a Resistance level until Price can close above it on the Daily.
Indicators show the past. Price Action "Indicates" the future.
  • #86,410
  • Jan 20, 2011 3:50am Jan 20, 2011 3:50am
Quoting bundyraider
....Bundy's sixth sense detected what?
good to see you here again Bundy!! hope ya gonna stick around a while

jon
PATIENCE... DISCIPLINE
  • #86,411
  • Jan 20, 2011 4:03am Jan 20, 2011 4:03am
Quoting Pinbar
I think a pullback to the 150 and the 38.2 may be on the cards.

We are still waiting for the pullback, right?

Almost a DBLHC but 8 pips difference in the low.
The pull back may have already happened, Pb.

Let me ask you this . . .what we know about PBT&CA from Resistance to Support and all of that . .would a touch trade at this level, with a tight stop loss be that crazy?

I know bullish PA at this level would be better . but would a TT be that insane?

I maybe getting away from the main focus on this thread but I'm just throwing it out there.
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Indicators show the past. Price Action "Indicates" the future.
  • #86,412
  • Jan 20, 2011 4:10am Jan 20, 2011 4:10am
Quoting jarroo
The pull back may have already happened, Pb.

Let me ask you this . . .what we know about PBT&CA from Resistance to Support and all of that . .would a touch trade at this level, with a tight stop loss be that crazy?

I know bullish PA at this level would be better . but would a TT be that insane?

I maybe getting away from the main focus on this thread but I'm just throwing it out there.

Remember this post and chart from James16 . .also look at his posts that followed this one.

Quoting james16
.

simple pivot retrace entry off of BRN and solid support.
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Indicators show the past. Price Action "Indicates" the future.
  • #86,413
  • Jan 20, 2011 4:11am Jan 20, 2011 4:11am
Quoting jarroo
The pull back may have already happened, Pb.

Let me ask you this . . .what we know about PBT&CA from Resistance to Support and all of that . .would a touch trade at this level, with a tight stop loss be that crazy?

I know bullish PA at this level would be better . but would a TT be that insane?

I maybe getting away from the main focus on this thread but I'm just throwing it out there.

No, not at all, I am on the same page.

However, for now, I am really only interested in PA but, thankfully accept your teaching, humbly.
  • #86,414
  • Jan 20, 2011 4:12am Jan 20, 2011 4:12am
Quoting Pinbar
No, not at all, I am on the same page.

However, for now, I am really only interested in PA but, thankfully accept your teaching, humbly.

I'm glad you said that Steve . .PA does Rule at these levels . .
Indicators show the past. Price Action "Indicates" the future.
  • #86,415
  • Jan 20, 2011 4:13am Jan 20, 2011 4:13am
Quoting jarroo
Remember this post and chart from James16 . .also look at his posts that followed this one.

Yes, I remember that post.

I also realize PA is only a part of the bigger whole.
  • #86,416
  • Jan 20, 2011 4:14am Jan 20, 2011 4:14am
Quoting jarroo
I'm glad you said that Steve . .PA does Rule at these levels . .

I hear you my friend.

Hey, you never explained how you skipped the BRN post.

Was it a glitch in the forum?
  • #86,417
  • Jan 20, 2011 4:16am Jan 20, 2011 4:16am
Quoting Pinbar
I hear you my friend.

Hey, you never explained how you skipped the BRN post.

Was it a glitch in the forum?

I think I posted in Adilius journel at that time . I'm not sure . .
Indicators show the past. Price Action "Indicates" the future.
  • #86,418
  • Jan 20, 2011 4:20am Jan 20, 2011 4:20am
Quoting jarroo
I think I posted in Adilius journel at that time . I'm not sure . .
Sorry Pinbar, I got the 10K Jarroo's post for my Journal....

  • #86,419
  • Jan 20, 2011 4:21am Jan 20, 2011 4:21am
Quoting jarroo
I'm glad you said that Steve . .PA does Rule at these levels . .
how about a 4h BUOB?? problem for me is it closed under the RN.
same on eu/yen and gb/us.

Jaroo, how do you deal with
a situation like this when all else is lookin good?? james' critical list??

jon
PATIENCE... DISCIPLINE
  • #86,420
  • Jan 20, 2011 4:22am Jan 20, 2011 4:22am
Quoting Adilius07
Sorry Pinbar, I got the 10K Jarroo's post for my Journal....


Ah, that is how he did it.

Thanks Adi and Jim.
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