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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

  • #89,581
  • Feb 20, 2011 1:37pm Feb 20, 2011 1:37pm
Hey Jarroo..just found out PBT n CA the 1st PPZ n we gotta pinbar over there..but the PB is just stucked between those 2 yellow PPZs n wicks in between those PPZs can be dodgy..as u can see in the chart..
i would like to pass this..
ur thoughts?
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  • #89,582
  • Feb 20, 2011 1:38pm Feb 20, 2011 1:38pm
I got some PMs about the Gb/Chf. I thought I would post my comments here.


I'm look for the 1.5375 to hold as Resistance on the Gbp/Chf. If it doesn't hold and begins retrace, I like the 1.5500 BRN at the 50% retracement. (blue area is the Weekly BEOB)
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Indicators show the past. Price Action "Indicates" the future.
  • #89,583
  • Feb 20, 2011 1:46pm Feb 20, 2011 1:46pm
Quoting AvanishDemo
Hey Jarroo..just found out PBT n CA the 1st PPZ n we gotta pinbar over there..but the PB is just stucked between those 2 yellow PPZs n wicks in between those PPZs can be dodgy..as u can see in the chart..
i would like to pass this..
ur thoughts?
Very nice, AD . .

Gbp/Nzd is a tough pair. . ..Look how that 1st PPZ held as Support once PBT&CA . .I never get tired of it . ..

So now what are you looking for Price to do??
Indicators show the past. Price Action "Indicates" the future.
  • #89,584
  • Feb 20, 2011 1:50pm Feb 20, 2011 1:50pm
Quoting jarroo
Very nice, AD . .

Gbp/Nzd is a tough pair. . ..Look how that 1st PPZ held as Support once PBT&CA . .I never get tired of it . ..

So now what are you looking for Price to do??
it will just go round n round round n round between those PPZ..so Consolidation!u think so?
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  • #89,585
  • Feb 20, 2011 1:51pm Feb 20, 2011 1:51pm
Quoting AvanishDemo
it will just go round n round round n round between those PPZ..so Consolidation!u think so?

You can do better then that . . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #89,586
  • Feb 20, 2011 2:01pm Feb 20, 2011 2:01pm
Quoting 5.25
Agreed

Good one . .nice back and white.
Indicators show the past. Price Action "Indicates" the future.
  • #89,587
  • Feb 20, 2011 2:02pm Feb 20, 2011 2:02pm
Hi all, just a quick one before Top Gear starts.

This looks like quite an important level for JPM.

48 seems to have given alot of resistance in the past, and some, but not as much, support.
Here's a twice zoomed out weekly, a recent weekly, and the daily, where price hasn't closed above 48. 47.99 on Friday.
I think I'll be keeping an eye on this one.

Back in an hour when Ive had my petrol fix
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  • #89,588
  • Feb 20, 2011 2:06pm Feb 20, 2011 2:06pm
Quoting AvanishDemo
it will just go round n round round n round between those PPZ..so Consolidation!u think so?

Check out this Harry's comments . .


Quoting vasmiza
Hi Ghous,

Lets say we took this trade based on the fact that we have a nice PB (not the best of places), trading in direction of trend, possible H& S reversal pattern, resistance turning into support and the RN 2.12000.

How would you enter this trade & how would you manage it??

This what I would do:
- place a buy order at the break of the PB
- take some off at FTA of 2.14
- take some more off at 2.1500 (possibly BE at this point)
- if momentum is good and I decide to play it aggressively wait for 2.1600 prior to BE. at this point I will let...
Indicators show the past. Price Action "Indicates" the future.
  • #89,589
  • Edited Feb 21, 2011 1:41am Feb 20, 2011 2:12pm | Edited Feb 21, 2011 1:41am
Quoting Pinbar
Hmm, my single bar analysis has led me back to the Jarroo methodology.

Previously, I have started off looking at the weekly chart and tried to find the PBT&CA or B. This sort of threw me off and I think I was picking not the best areas for this.

I decided to look first and foremost at the daily charts for a broad flip and then move up to the weekly to find the PBT&CA or B.

This I feel gives me more logical confines to wrap price up in.

Any thoughts appreciated Jarroo.

Really busy today so, no rush.

Thanks in advance
No one says you can't start on the Monthly . .I actually prefer it.

I didn't put the PBT&CAorB . .I know you can see them . .
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Indicators show the past. Price Action "Indicates" the future.
  • #89,590
  • Feb 20, 2011 2:15pm Feb 20, 2011 2:15pm
Quoting jarroo
Check out this Harry's comments . .
yeah..good strategy n simple chart by him..

I like GBPCHF BEOB Weekly..im gonna trade that
  • #89,591
  • Feb 20, 2011 2:24pm Feb 20, 2011 2:24pm
Quoting AvanishDemo
yeah..good strategy n simple chart by him..

Yes, its a good plan.

We can also see this happen as well. (chart)

Also . .AD, can you tell me what happen to the PB in green on my chart? why didn't it break?
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Indicators show the past. Price Action "Indicates" the future.
  • #89,592
  • Feb 20, 2011 2:31pm Feb 20, 2011 2:31pm
Quoting Adilius07
Hi, also:

1. check those Seniors Summaries, posted by Cyrus (I think). Search for it.

2. Pick the traders whos trading appoach you like the most and follow all their posts and attachments - man this would really fasten your learning curve.

3. Download all James16 attachements (charts) - they are easy to understand as he puts his notes right on the chart.

4. Focus on Mike's charts, they are also easy to understand provided you are familiar with what he is looking on the charts, so read as much of his posts as you can, then go through...

I agree, James16 and Mike are much easier (PPZ levels, Space, etc) . its where I started . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,593
  • Feb 20, 2011 2:39pm Feb 20, 2011 2:39pm
Quoting jarroo
Yes, its a good plan.

We can also see this happen as well. (chart)

Also . .AD, can you tell me what happen to the PB in green on my chart? why didn't it break?
yea i kept that chart saved in my PC to keep reviewing it again n again just to see y that PB failed...n i think :
1)yeah it got rejected off 2.12RN which is good PPZ too BUT Lack of space..

2)BLUE PPZ effect..very strong..
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  • #89,594
  • Feb 20, 2011 2:42pm Feb 20, 2011 2:42pm
Quoting AvanishDemo
yea i kept that chart saved in my PC to keep reviewing it again n again just to see y that PB failed...n i think :
1)yeah it got rejected off 2.12RN which is good PPZ too BUT Lack of space..

2)BLUE PPZ effect..very strong..

Yes ..good . .lack of Space. This is probably not a good example because we can't see some of Price because of the gap on the weekend.

Keep going . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,595
  • Feb 20, 2011 2:49pm Feb 20, 2011 2:49pm
Quoting bakko85
Hi guys,

All the yen crosses seems to be in a "critical" situation. You've already talked about NZDJPY with that simmetrical triangle ready to squeeze; in addition, during this week, I would pay attention to these one:

- GJ: I think we have a valid PBT@CA; look how 134.5/135 worked well in the recent past. I think I'll wait a retest of 135 and eventually PA to go long.

- CJ: is this a valid breakout of the consolidation box? I have to consider the close of the bar or high/low of the bar in this cases??Look at the perfect shaping of that...

I like it, B.. . . I'll be watching . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,596
  • Feb 20, 2011 2:52pm Feb 20, 2011 2:52pm
Quoting jarroo
Yes ..good . .lack of Space. This is probably not a good example because we can't see some of Price because of the gap on the weekend.

Keep going . .
yea there was a gap..right!i noticed it!

i dislike USDCAD n now GBPNZD..looks like they just poke out their long wicks off there clothes and try to put newbies into trouble lol
USDCAD is just a mess..
  • #89,597
  • Feb 20, 2011 2:58pm Feb 20, 2011 2:58pm
Quoting AvanishDemo
yea there was a gap..right!i noticed it!

i dislike USDCAD n now GBPNZD..looks like they just poke out their long wicks off there clothes and try to put newbies into trouble lol
USDCAD is just a mess..
Here's what I see . .(or don't see because of the gap on the weekend. . lol)


The recent Highs of Resistance turned to Support levels . .when Price broke through them.

You can see this too, AD?
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Indicators show the past. Price Action "Indicates" the future.
  • #89,598
  • Feb 20, 2011 3:02pm Feb 20, 2011 3:02pm
Quoting jarroo
Here's what I see . .(or don't see because of the gap on the weekend. . lol)


The recent Highs of Resistance turned to Support levels . .when Price broke through them.

You can see this too, AD?
yea Jarroo...right there..
i did thought abt this..Good eye
  • #89,599
  • Feb 20, 2011 3:10pm Feb 20, 2011 3:10pm
Quoting AvanishDemo
yea Jarroo...right there..
i did thought abt this..Good eye

Then your thinking is right, AD . .

If you can go through this pair (and its a tough pair, mind you) and find stronger S/R levels and applying PBT&CAorB . .throw in a some good PA to confirm the levels . .you're well on your way, my friend . .


gotta go for now

later

jim
Indicators show the past. Price Action "Indicates" the future.
  • #89,600
  • Feb 20, 2011 3:42pm Feb 20, 2011 3:42pm
Quoting jarroo
Sorry I missed this, sr2 . . lol The thread can move pretty fast at times. ..which is all the tme . .lol

I agree with you on the NG and Outside Bars. Just trading them exclusively on their own is not a bad way to go.

But you know me with OBs . .they Rule!!!


Jim
I hear you Jim
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