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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

  • #87,561
  • Feb 1, 2011 11:21am Feb 1, 2011 11:21am
Quoting jarroo
I liked what IBFX gave at the 1.3760 on the Eur/Aud on the 4 Hour. Other feeds showed Price couldn't close above that level.

The 1.3650 is a strong Daily and Weekly Support level so Bullish PA is not out of the question here.
that price came back over the 1.3760. I don't want any part of that business.

It's interesting to see how that 3 bar low on USDJPY bounced around yesterday, and then today decided to shoot.

I watched it, but no way I wanted to trade it. USDJPY looks way too slow for me personally.
Many choose unhappiness over uncertainty.
  • #87,562
  • Feb 1, 2011 11:24am Feb 1, 2011 11:24am
Jarroo and Ifmy could you please explain how did you both arrive to the same 1.3676 and not a pip lower or higher?

There are several hi/los which one you take for the "benchmark" and why?
  • #87,563
  • Feb 1, 2011 11:26am Feb 1, 2011 11:26am
Quoting aserbfx
any comments about this pinbar on eur/chf h4?
(except the weak close)
I suppose I do have a pretty weak H8 PB on my feed.

It's sitting right on top of a few highs further to the left though.

Makes a nice third high for a valid TL though
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  • #87,564
  • Feb 1, 2011 11:28am Feb 1, 2011 11:28am
Quoting Adilius07
Jarroo and Ifmy could you please explain how did you both arrive to the same 1.3676 and not a pip lower or higher?

There are several hi/los which one you take for the "benchmark" and why?
Something like this I understand yes. But interesting how you both got the same number! There must be some hi or lo that you take for the benchamrk?
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  • #87,565
  • Feb 1, 2011 11:31am Feb 1, 2011 11:31am
Quoting Dan Gilbert
that price came back over the 1.3760. I don't want any part of that business.

It's interesting to see how that 3 bar low on USDJPY bounced around yesterday, and then today decided to shoot.

I watched it, but no way I wanted to trade it. USDJPY looks way too slow for me personally.
Yeah I see your point about Price breaking over the 1.3760 . .I was just showing how the Close above or below that level gave a bretter indication that the break out was false and the 1.3760 was still acting as Resistance.

Had Price closed above this level, I would be thinking long.
Indicators show the past. Price Action "Indicates" the future.
  • #87,566
  • Feb 1, 2011 11:34am Feb 1, 2011 11:34am
Quoting Adilius07
Something like this I understand yes. But interesting how you both got the same number! There must be some hi or lo that you take for the benchamrk?
I either copied it off Jarroo's chart, or fine tuned it lately as per pic, or just got lucky when I set it the first time

Edit: actually, if I was fine tuning it on the H1 like that I'd set it at 1.3691. So it must be one of the other 2 options
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  • #87,567
  • Feb 1, 2011 11:42am Feb 1, 2011 11:42am
Quoting Ifmyante
I either copied it off Jarroo's chart, or fine tuned it lately as per pic, or just got lucky when I set it the first time
My feed shows only that high is 1.3676, but what is it's significance..
Ok I many times see you guys posting exact level, and I still don't understand how you pick that level... with zone is much easier...
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  • #87,568
  • Feb 1, 2011 11:42am Feb 1, 2011 11:42am
Quoting Adilius07
Something like this I understand yes. But interesting how you both got the same number! There must be some hi or lo that you take for the benchamrk?

The PPZ level looked very clear . .more so on the Weekly. Notice the closes on the Daily.


Gotta go

later
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Indicators show the past. Price Action "Indicates" the future.
  • #87,569
  • Feb 1, 2011 11:46am Feb 1, 2011 11:46am
Quoting jarroo
The PPZ level looked very clear . .more so on the Weekly. Notice the closes on the Daily.


Gotta go

later
Thanks Jarroo. Ok talk to you later.

I still don't understand... looking at your W/D charts 1.3655 looks better to me now... ok I don't want to confuse anyone.. sorry
  • #87,570
  • Feb 1, 2011 11:46am Feb 1, 2011 11:46am
Quoting jarroo
The PPZ level looked very clear . .more so on the Weekly. Notice the closes on the Daily.


Gotta go

later
Nowhere else to put it!

And we do differ- by a pip!
  • #87,571
  • Feb 1, 2011 11:48am Feb 1, 2011 11:48am
Quoting aserbfx
gis on daily. we had a false break to the upside recently. now price fell below the triangle. i would wait for a break of the 35 usd to short.
setup triggered. currently 34.70 usd.
meine augen sind die sterne
  • #87,572
  • Feb 1, 2011 11:58am Feb 1, 2011 11:58am
Quoting Adilius07
Thanks Jarroo. Ok talk to you later.

I still don't understand... looking at your W/D charts 1.3655 looks better to me now... ok I don't want to confuse anyone.. sorry
It just seemed to have the most touches- to the pip.

It also helped to make sense of the action in the box on the left
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  • #87,573
  • Feb 1, 2011 12:07pm Feb 1, 2011 12:07pm
Quoting Ifmyante
It just seemed to have the most touches- to the pip.

It also helped to make sense of the action in the box on the left
My feed looks little different to yours.
I found that the high of that bullish BUOB is 1.3675...
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  • #87,574
  • Feb 1, 2011 12:09pm Feb 1, 2011 12:09pm
Quoting Dan Gilbert
It's interesting to see how that 3 bar low on USDJPY bounced around yesterday, and then today decided to shoot.

I watched it, but no way I wanted to trade it. USDJPY looks way too slow for me personally.
I was also watching this one as best I could for some PA indication as best I could between working and watching....just couldn't find one once it broke....or maybe just I'm just numb...did anyone get in on this one and how ? Was this purely a breakout ?

I'ld be interested in anyone's thoughts.
  • #87,575
  • Feb 1, 2011 12:15pm Feb 1, 2011 12:15pm
touch trade?
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meine augen sind die sterne
  • #87,576
  • Feb 1, 2011 12:25pm Feb 1, 2011 12:25pm
BUOB, i know it's not at a swing low, but i like the close above the 1.60 BRN very well
For me a good trade.

Still have too little patience so i take too much c of d setups, but still learning and practice.
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  • #87,577
  • Feb 1, 2011 12:30pm Feb 1, 2011 12:30pm
Quoting Thierry
BUOB, i know it's not at a swing low, but i like the close above the 1.60 BRN very well
For me a good trade.

Still have too little patience so i take too much c of d setups, but still learning and practice.
The good thing is that the BRN gives a great area to help manage your trade there.

Nice job
Mike
  • #87,578
  • Feb 1, 2011 12:32pm Feb 1, 2011 12:32pm
Quoting mbqb11
The good thing is that the BRN gives a great area to help manage your trade there.

Nice job
Mike
Without the 1.60 i would never take it. With this 1.60 i had a very small SL just below the BRN.

Thanks Mike.
  • #87,579
  • Feb 1, 2011 12:44pm Feb 1, 2011 12:44pm
anyone interested in this h4-pinbar?
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meine augen sind die sterne
  • #87,580
  • Feb 1, 2011 1:13pm Feb 1, 2011 1:13pm
Quoting aserbfx
touch trade?
I like where USD/CHF is for a touch trade right now aserb. The daily is testing support. Will try to post a chart later.

-- Danny
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