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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

  • #90,341
  • Feb 28, 2011 5:59am Feb 28, 2011 5:59am
Hello everybody
I am new to James16. I am still reading it but at the same time I am demoing this method. I am posting a chart. I want to request some senior members to please correct me. Please have a look at the trade (PB) and the PPZ (yellow lines drwn on weekly and daily). I would also appreciate some suggestions.

Thanks in advance.
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  • #90,342
  • Feb 28, 2011 6:10am Feb 28, 2011 6:10am
one to watch : cable daily

above 6300 this baby will rocket up , failed 5-6 times at this supply level so far...

will sell high with tight stops and set a pending buy at 6305 ~
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Hero calls followed by margin calls...
  • #90,343
  • Feb 28, 2011 6:10am Feb 28, 2011 6:10am
Quoting Mak
Hello everybody
I am new to James16. I am still reading it but at the same time I am demoing this method. I am posting a chart. I want to request some senior members to please correct me. Please have a look at the trade (PB) and the PPZ (yellow lines drwn on weekly and daily). I would also appreciate some suggestions.

Thanks in advance.
Hey Mak . .welcome to the thread.

Your levels look good. But that "PB" would not qualify as a PB. For a PB to qualify, its Open and Close has to be within the previous bar (candle). You can see that Close is not within the previous bar. . .the Open qualifies.

Have you gone through the links on the 1st post and seen the guest videos?
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Indicators show the past. Price Action "Indicates" the future.
  • #90,344
  • Feb 28, 2011 6:23am Feb 28, 2011 6:23am
Quoting Mak
Hello everybody
I am new to James16. I am still reading it but at the same time I am demoing this method. I am posting a chart. I want to request some senior members to please correct me. Please have a look at the trade (PB) and the PPZ (yellow lines drwn on weekly and daily). I would also appreciate some suggestions.

Thanks in advance.

Hi, MAK

Jarroo beat me to it as I was drawing this chart for you.

Anyway, here it is.

Hope this helps
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  • #90,345
  • Feb 28, 2011 6:26am Feb 28, 2011 6:26am
Quoting Pinbar
Hi, MAK

Jarroo beat me to it as I was drawing this chart for you.

Anyway, here it is.

Hope this helps

Thanks Pb . .this ones better. . .
Indicators show the past. Price Action "Indicates" the future.
  • #90,346
  • Feb 28, 2011 6:28am Feb 28, 2011 6:28am
Quoting jarroo
Thanks Pb . .this ones better. . .

NP, always glad to help out. I remember when I made the same errors.
  • #90,347
  • Feb 28, 2011 6:59am Feb 28, 2011 6:59am
TT or pb..... off ppz (Wkly+ Mnthly lows) 1.3640-50 and 50 fib went right to BRN--target

I missed it
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  • #90,348
  • Feb 28, 2011 7:04am Feb 28, 2011 7:04am
aud/jpy finally takes off after BEing on me
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  • #90,349
  • Feb 28, 2011 7:15am Feb 28, 2011 7:15am
Quoting Pinbar
Hi, MAK

Jarroo beat me to it as I was drawing this chart for you.

Anyway, here it is.

Hope this helps
Hi Pinbar, am also fairly new to using PA and had a quick question on your pinbar chart :-)

If the open/close of the pinbar were higher up (the bearish) or lower down (the bullish) bar for the previous day would this make it less of a desirable pin or is the rule as long as open close falls within the last days high/low its ok. This is all assuming a good PB with long nose, standing out at high/low area etc.

Thanks,
Tim.
  • #90,350
  • Feb 28, 2011 7:31am Feb 28, 2011 7:31am
Quoting jarroo
Hey Mak . .welcome to the thread.

Your levels look good. But that "PB" would not qualify as a PB. For a PB to qualify, its Open and Close has to be within the previous bar (candle). You can see that Close is not within the previous bar. . .the Open qualifies.

Have you gone through the links on the 1st post and seen the guest videos?
Thank you Jarroo. I have watched those videos and I am still reading that post. It is very long but I am going through it.

I have taken your point. Thanks for the help.
  • #90,351
  • Feb 28, 2011 7:31am Feb 28, 2011 7:31am
Quoting Atc
TT or pb..... off ppz (Wkly+ Mnthly lows) 1.3640-50 and 50 fib went right to BRN--target

I missed it
How about this GBPAUD H4 PinBar?

Feed: FXPro. Another 30 minutes to go.

Rejected from 365 and 150 EMA, 1.6 BRN. But a strong bullish bar to the immediate left.

0908

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  • #90,352
  • Feb 28, 2011 7:33am Feb 28, 2011 7:33am
Quoting Pinbar
Hi, MAK

Jarroo beat me to it as I was drawing this chart for you.

Anyway, here it is.

Hope this helps
Thank you Pinbar. It helped me a lot in understanding Jarroos reply as said "Picture is worth a thousand words"

Thanks
  • #90,353
  • Feb 28, 2011 7:38am Feb 28, 2011 7:38am
What do you guys say about this PB.
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  • #90,354
  • Feb 28, 2011 7:48am Feb 28, 2011 7:48am
Hi everyone
Mike (mbqb11), this is what i asked you the other day. Does this what a breakout +retest supposed to look like? Price breakout of a wedge, the next bar retest the break and formed a bullish PB.
Thanks - Danny
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  • #90,355
  • Feb 28, 2011 7:53am Feb 28, 2011 7:53am
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usdcad one to watch, low at 9709.
Hero calls followed by margin calls...
  • #90,356
  • Feb 28, 2011 7:55am Feb 28, 2011 7:55am
Quoting PhAnTi'
Attachment

usdcad one to watch, low at 9709.
pretty pretty strong bullish divergence on the daily

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Tl broken....weekly support lvl straight ahead...bull div daily.

uhhhmmm : watchlist
Hero calls followed by margin calls...
  • #90,357
  • Feb 28, 2011 7:58am Feb 28, 2011 7:58am
Quoting Pinbar
Hi, MAK

Jarroo beat me to it as I was drawing this chart for you.

Anyway, here it is.

Hope this helps
i am curious.
why does the open and close have to be inside the previous candle?
i just don't see the reason for this.
thanks
meine augen sind die sterne
  • #90,358
  • Feb 28, 2011 8:01am Feb 28, 2011 8:01am
Quoting Be Cool
Hi everyone
Mike (mbqb11), this is what i asked you the other day. Does this what a breakout +retest supposed to look like? Price breakout of a wedge, the next bar retest the break and formed a bullish PB.
Thanks - Danny
Hey Danny

Yep that could be it. I have a different feed then you , but that is the general idea of what I look for in breakout and pullbacks. As long as that is not a sunday bar(can't tell)

Best
Mike
  • #90,359
  • Feb 28, 2011 8:06am Feb 28, 2011 8:06am
Quoting Mak
What do you guys say about this PB.
Hey Mak

I see you are new, welcome to the thread

Here were my thoughts on this one

http://www.forexfactory.com/showthre...61#post4433061

Let us know if you have more questions
Mike
  • #90,360
  • Feb 28, 2011 8:42am Feb 28, 2011 8:42am
Hi everyone,
I haven't written anything in a long time, but have been reading all posts with great attention. I really liked (and I still do!) Jaroos charts, becouse I understood them and i felt like I really can draw these fantastic PPZ and that I understand the PBT&CB/CA techniqe. But it didn't work out in my trading. I just always wanted to touch trade, and no matter if I was right or wrong, I'd always loose. I've read so many times about buying/selling at the BRAKE of the bar, but i ALWAYS wanted to enter earlier and 90% of the time it was a catastrophy. Now I've started to enter a trade at the brake, and it is really great to see that it starting to work out (I did of course look at the location etc, but for me, the biggest problem was to trigger the trade above/below the bar).
It's been great reading you guys. Thanks
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