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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

  • #89,021
  • Feb 14, 2011 3:46pm Feb 14, 2011 3:46pm
Quoting PhAnTi'
dont forget about the weekly jim

Attachment

I haven't forgotten the Weekly PhanTi, what are you seeing?
Indicators show the past. Price Action "Indicates" the future.
  • #89,022
  • Feb 14, 2011 3:53pm Feb 14, 2011 3:53pm
Hey sr2

Have you been watching the Daily #NGH1?

Now this is a big size BEOB at a Swing High . . . nice.
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Indicators show the past. Price Action "Indicates" the future.
  • #89,023
  • Feb 14, 2011 4:25pm Feb 14, 2011 4:25pm
Thank you Jarro.
Quoting jarroo
Here's the best source in the world on trading these patterens and alot of other great information as well ..

Just click on the mbqb11's user name . .then attachments . . and then your study begins.
  • #89,024
  • Feb 14, 2011 5:29pm Feb 14, 2011 5:29pm
Watching CADJPY this week at BRN 85.00. Daily is showing divergence with a poodle pin bar. Would like to see a nice BEOB or Bearish PB after a test of 85.00.

If BRN is broken and retested, this would be a good spot for bullish PA....
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  • #89,025
  • Feb 14, 2011 5:30pm Feb 14, 2011 5:30pm
Nice one, isn't it?
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  • #89,026
  • Feb 14, 2011 5:38pm Feb 14, 2011 5:38pm
Quoting Adilius07
Nice one, isn't it?
It looks much better on your feed than mine Adi and there is also some divergence. I am leary of the area around .9910 just above the PB.
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  • #89,027
  • Feb 14, 2011 5:43pm Feb 14, 2011 5:43pm
Quoting Donkey
It looks much better on your feed than mine Adi and there is also some divergence. I am leary of the area around .9910 just above the PB.
I will never take it based on your feed, lol,
That level 0.9910 is not a problem in my book. Actually it doesn't exit for me, I see a box that is all Ok, let's see how it goes...
  • #89,028
  • Feb 14, 2011 5:55pm Feb 14, 2011 5:55pm
But really is not good that some feeds are so different to others, I mean even different highs and lows for the day.... hard to trust the PA
  • #89,029
  • Feb 14, 2011 6:01pm Feb 14, 2011 6:01pm
Quoting Donkey
It looks much better on your feed than mine Adi and there is also some divergence. I am leary of the area around .9910 just above the PB.
I think the same.. dont like the 0.9910 area, we are in a box.. love the area where it got rejected but i see too much traffic above.

Os.
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  • #89,030
  • Edited 6:15pm Feb 14, 2011 6:04pm | Edited 6:15pm
Quoting Adilius07
But really is not good that some feeds are so different to others, I mean even different highs and lows for the day.... hard to trust the PA
Yeah Adi, that's cause forex isn't a centralized market.

Fxpro closes daily candle and opens on Sunday at 22:00 GMT
Alpari closes daily candle and opens on Sunday at 23:00 GMT

Thats why feeds are different.

Os.
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  • #89,031
  • Feb 14, 2011 6:07pm Feb 14, 2011 6:07pm
Haha look I tried to "investigate" such price discrepancy. I marked the low for the day on my daily chart, and zoomed to H4 to see this low - and there is no low that low! Oh man... can't trust no one these days....
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  • #89,032
  • Feb 14, 2011 6:08pm Feb 14, 2011 6:08pm
Quoting Osman
Yeah Adi, that's cause market forex isn't a centralized market.

Fxpro closes daily candle and opens on Sunday at 22:00 GMT
Alpari closes daily candle and opens on Sunday at 23:00 GMT

Thats why feeds are different.

Os.
Hi Os, no Highs and Lows must be about the same, closes are different yes

EDIT: This was just an error in Alpari Feed, look the above chart! Price never made it there on H4.........
  • #89,033
  • Feb 14, 2011 6:11pm Feb 14, 2011 6:11pm
More than that Price never even tested the previous low!!!! WOW!!!
  • #89,034
  • Feb 14, 2011 6:21pm Feb 14, 2011 6:21pm
Quoting Adilius07
Hi Os, no Highs and Lows must be about the same, closes are different yes

EDIT: This was just an error in Alpari Feed, look the above chart! Price never made it there on H4.........
In this case not, but during that one hour difference there can be a high/low that wont be shown on Alpari as it hasn't opened.

Ure rite about Alpari error, here you have attached ucad 4hr from a live account.
Edit : Also attached the daily chart, on fxpro we´ve got a lower low and on Alpari not.

Os.
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  • #89,035
  • Feb 14, 2011 6:26pm Feb 14, 2011 6:26pm
Quoting Osman
In this case not, but during that one hour difference there can be a high/low that wont be shown on Alpari as it hasn't opened.

Ure rite about Alpari error, here you have attached ucad 4hr from a live account.

Os.
Os, you have live acc with them. I checked other feeds (tos, netdania charts) they both show pa close to that of fxpro... Makes me think alpari charts are less reliable? Or maybe this is demo problem, how do your daily live chart look like on alpari?

I make my descisions based on alpari closes, maybe i should begin doing so with fxpro..... But that will require me waking up one hour earlier
  • #89,036
  • Feb 14, 2011 6:27pm Feb 14, 2011 6:27pm
Quoting Adilius07
Os, you have live acc with them. I checked other feeds (tos, netdania charts) they both show pa close to that of fxpro... Makes me think alpari charts are less reliable? Or maybe this is demo problem, how do your daily live chart look like on alpari?

I make my descisions based on alpari closes, maybe i should begin doing so with fxpro..... But that will require me waking up one hour earlier
Oh I see daily chart thanks! So what i had was a demo glitch. Thanks.
  • #89,037
  • Feb 14, 2011 6:44pm Feb 14, 2011 6:44pm
Eh no pinbar no fun was a nice looking glitch I had... Now back to waiting mode....
  • #89,038
  • Feb 14, 2011 7:31pm Feb 14, 2011 7:31pm
Ghous,i like this,

IB formation,was testing 0.97 n CB,
61.8 ret,PPZ..
wont take this but will rather learn Tricky IB..
do u see any concerns for this maybe minor flips?
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  • #89,039
  • Feb 14, 2011 7:34pm Feb 14, 2011 7:34pm
Quoting sammy31
Thank you Jarro.
Go through Mike's many charts where he illustrates these types of wedge, flag, pennant patterens . If you have questions about their form or structure, I'm sure Mike (and/or others) will be happy to help you out.
Indicators show the past. Price Action "Indicates" the future.
  • #89,040
  • Feb 14, 2011 7:39pm Feb 14, 2011 7:39pm
Quoting AvanishDemo
Ghous,i like this,

IB formation,was testing 0.97 n CB,
61.8 ret,PPZ..
wont take this but will rather learn Tricky IB..
do u see any concerns for this maybe minor flips?
Looks goods Avanish. I just couldn't pull my trigger on this, still wondering why but its got to be that gut again...

9650 looks good as the FTA.

g.
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I believe . . .
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