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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

  • #89,521
  • Feb 19, 2011 1:45pm Feb 19, 2011 1:45pm
Quoting Pinbar
Oh, I thought you had gone short on that PB.

You really need to use the higher TF for this not just the H4.
Hey Pb

PBT&CAorB can be applied to any time frame. I like the high time frames not only for the higher amount of data or information they provide, but more so in the same vain of why Mike and James16 stress using the Daily and Weekly for PA setups.

Did you see my Euro trade?

Quoting jarroo
You got me beat on the e/u.

I boxed up th Daily I4B and played a consoldation breakout pull back (no PA) on the 4 hour at the 1.3550.

I liked the 1.3400 that you talked about before, but since Price was below the 1.35 BRN it had me concerned.
Indicators show the past. Price Action "Indicates" the future.
  • #89,522
  • Feb 19, 2011 1:58pm Feb 19, 2011 1:58pm
I've posted this trendline a few weeks ago hoping it will hold but it didn't,was broken and now it is retested.There are a few pros and a lot of cons but I decided to post another view.Critics are appreciated because I am here to learn and maybe I'm doing something wrong,something that somebody could notice and put me on the right track.
Pros:Old trendline broken and retested,IPinbar on the daily,that Beob on the weekly stopped right at the ppz,technically it can only go up.

Cons downtrend,very big downtrend....well it seems that there are more pros that cons,we shall see next week.
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  • #89,523
  • Feb 19, 2011 2:13pm Feb 19, 2011 2:13pm
Quoting madboy
I've posted this trendline a few weeks ago hoping it will hold but it didn't,was broken and now it is retested.There are a few pros and a lot of cons but I decided to post another view.Critics are appreciated because I am here to learn and maybe I'm doing something wrong,something that somebody could notice and put me on the right track.
Pros:Old trendline broken and retested,IPinbar on the daily,that Beob on the weekly stopped right at the ppz,technically it can only go up.

Cons downtrend,very big downtrend....well it seems that there are more...
That IPB (technically an Inside Bar) is structurally and locationally incorrect. We want IPB at deep swing points, this swing low is very minor. The low of this bullish IPB should be lower then the previous bar.

Also Price has broken through and close below the 1.5375 PPZ level. I would be looking for this level to hold as Resistance.

Take another review of ghous posts on IPBs.
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Indicators show the past. Price Action "Indicates" the future.
  • #89,524
  • Feb 19, 2011 2:21pm Feb 19, 2011 2:21pm
Quoting madboy
I've posted this trendline a few weeks ago hoping it will hold but it didn't,was broken and now it is retested.There are a few pros and a lot of cons but...
madboy, this is another pair I have my eye on. Let me give you some of my insight, for whatever its worth. There are two trendlines going on here IMO. PA is telling us that this is a big BEOB

I hope one of the seniors chime in and give their opinion as well.
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  • #89,525
  • Feb 19, 2011 2:27pm Feb 19, 2011 2:27pm
Quoting jarroo
That IPB (technically an Inside Bar) is structurally and locationally incorrect. We want IPB at deep swing points, this swing low is very minor. The low of this bullish IPB should be lower then the previous bar.

Also Price has broken through and close below the 1.5375 PPZ level. I would be looking for this level to hold as Resistance.

Take another review of ghous posts on IPBs.
Thanks Jarroo,I'll look into that,however whats happening on the weekly it's very interesting,don't you think?
  • #89,526
  • Feb 19, 2011 2:35pm Feb 19, 2011 2:35pm
Quoting madboy
Thanks Jarroo,I'll look into that,however whats happening on the weekly it's very interesting,don't you think?

Donkey and I mentioned the BEOB on the Weekly Gbp/Chf.

It has good potential, I would like to have seen the close a bit stronger, meaning lower that the preivous bar's low. .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #89,527
  • Feb 19, 2011 2:45pm Feb 19, 2011 2:45pm
Quoting DBallerz
madboy, this is another pair I have my eye on. Let me give you some of my insight, for whatever its worth. There are two trendlines going on here IMO. PA is telling us that this is a big BEOB

I hope one of the seniors chime in and give their opinion as well.

I like it, DB.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #89,528
  • Feb 19, 2011 3:18pm Feb 19, 2011 3:18pm
Quoting DBallerz
madboy, this is another pair I have my eye on. Let me give you some of my insight, for whatever its worth. There are two trendlines going on here IMO. PA is telling us that this is a big BEOB

I hope one of the seniors chime in and give their opinion as well.
You are right DB,this downtrend started almost 4 years ago and this trendlines keep pushing the price down,the 2week pin that Jarroo posted pretty much tell's the story for next week.
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  • #89,529
  • Feb 19, 2011 3:27pm Feb 19, 2011 3:27pm
Quoting jarroo
...
It has good potential, I would like to have seen the close a bit stronger, meaning lower that the prevous bar's low. .
I see the same thing J.

A close below the low of the prior bar would mean a close below a well defined PPZ (to me). Every bar is information we can use to trade. Notice how last weeks bar low bounced off the PPZ -- same as this week. It failed to close below the line after 2 attempts. Doesn't look like it has a lot of conviction.

-- Danny
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  • #89,530
  • Feb 19, 2011 3:28pm Feb 19, 2011 3:28pm
Quoting madboy
You are right DB,this downtrend started almost 4 years ago and this trendlines keep pushing the price down,the 2week pin that Jarroo posted pretty much tell's the story for next week.

I'll admit that it does tell a story, madboy. But I don't know if its going to conclude next week.

We may see something like this (chart) in the coming weeks. Will it break and fall like rock? Who knows, we'll just have to see how Price behaves at given levels and manage accordingly.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #89,531
  • Feb 19, 2011 3:31pm Feb 19, 2011 3:31pm
Quoting bluetrader
I see the same thing J.

A close below the low of the prior bar would mean a close below a well defined PPZ (to me). Every bar is information we can use to trade. Notice how last weeks bar low bounced off the PPZ -- same as this week. It failed to close below the line after 2 attempts. Doesn't look like it has a lot of conviction.

-- Danny
I agree, Danny . .great chart.

We'll have to see if there's any momentum behind that PA.
Indicators show the past. Price Action "Indicates" the future.
  • #89,532
  • Feb 19, 2011 3:40pm Feb 19, 2011 3:40pm
Quoting bluetrader
I see the same thing J.

A close below the low of the prior bar would mean a close below a well defined PPZ (to me). Every bar is information we can use to trade. Notice how last weeks bar low bounced off the PPZ -- same as this week. It failed to close below the line after 2 attempts. Doesn't look like it has a lot of conviction.

-- Danny

A better scenario would be to wait until Price breaks through and see if there is any PA at its retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: gbchfwaaaa.jpg Size: 85 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,533
  • Feb 19, 2011 4:01pm Feb 19, 2011 4:01pm
Quoting jarroo
A better scenario would be to wait until Price breaks through and see if there is any PA at its retracement.
This is where I'm putting my eggs right now... I have been wrong before though.

I like the PPZ at least for a good reaction. Next week will be fun.

-- Danny
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  • #89,534
  • Feb 19, 2011 4:05pm Feb 19, 2011 4:05pm
Quoting bluetrader
This is where I'm putting my eggs right now... I have been wrong before though.

I like the PPZ at least for a good reaction. Next week will be fun.

-- Danny

That is a solid PPZ level acting as Support.

There would be no surprises from me if it acts that way, Danny ..
Indicators show the past. Price Action "Indicates" the future.
  • #89,535
  • Feb 19, 2011 4:07pm Feb 19, 2011 4:07pm
Quoting bluetrader
This is where I'm putting my eggs right now... I have been wrong before though.

I like the PPZ at least for a good reaction. Next week will be fun.

-- Danny
daily also tells us quite the story
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  • #89,536
  • Feb 19, 2011 4:18pm Feb 19, 2011 4:18pm
I am interested in learning more about Price action and J16.

Is it best to read the thread from the beginning while at the same time keep up with whats happening on the last page? Theres close to 6000 pages that's allot to read!!!

Where to start?
  • #89,537
  • Feb 19, 2011 4:20pm Feb 19, 2011 4:20pm
Quoting Xenaga03
I am interested in learning more about Price action and J16.

Is it best to read the thread from the beginning while at the same time keep up with whats happening on the last page? Theres close to 6000 pages that's allot to read!!!

Where to start?

Yeah . that's the best way to go. Also going through the links on the 1st post.

Welcome abroad.
Indicators show the past. Price Action "Indicates" the future.
  • #89,538
  • Feb 19, 2011 4:25pm Feb 19, 2011 4:25pm
Quoting DBallerz
daily also tells us quite the story
Agree DB, I don't mix timeframes like master Jarroo, but the story is there.

Another piece of the puzzle for me is the strong rejection off of 1.5000 over the past month. Although long term trend is down, the short-term is showing us something different.

Being PA traders, sometimes short-term momentum is all we can rely on.

-- Danny
  • #89,539
  • Feb 19, 2011 4:30pm Feb 19, 2011 4:30pm
Quoting Dan Gilbert
I know Mike has mentioned this one, and it continued to wind up this week.

Looks interesting.

Remember when this thread saw the same thing happening on GBPJPY? It was a very good trade.

That sucker has been winding up for some time now.

The squeeze is on . .


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Indicators show the past. Price Action "Indicates" the future.
  • #89,540
  • Feb 19, 2011 4:39pm Feb 19, 2011 4:39pm
Quoting bluetrader
Agree DB, I don't mix timeframes like master Jarroo, but the story is there.

Another piece of the puzzle for me is the strong rejection off of 1.5000 over the past month. Although long term trend is down, the short-term is showing us something different.

Being PA traders, sometimes short-term momentum is all we can rely on.

-- Danny
Good luck Danny (my name too). Exact same PA on eurchf + gbpchf.
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