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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

  • #90,661
  • Mar 3, 2011 7:02pm Mar 3, 2011 7:02pm
Any thoughts on this IPB? Wish the close was bearish. At a new high. Having some doubts.
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  • #90,662
  • Mar 3, 2011 7:02pm Mar 3, 2011 7:02pm
Ok Here we are . read my previous post pls,

Cheers
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  • #90,663
  • Mar 3, 2011 7:10pm Mar 3, 2011 7:10pm
Quoting Atc
Hope the folks here don't mind, but here is a Dow chart---the story shows to me some good PA with some great S/R at or about the 12000-12030. The BEOB at the high worked out nicely and once again found support at the 12000 zone/61.8Fib confluence forming a non-classic PB. We get a move up to test the low of the BEOB. And gets rejected(Resistance). Back to test support again at the 12000/61.8 area and we get a neutral or could we say a IB7 approx.7 with a up close possibly hinting at another move up move to which we get today closing above prior...
Looks like it Bill

This TL seems to be holding a very stable uptrend. Next area to watch is the former high, and when we break this rising TL for a break in this move before we resume higher

Best
Mike
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  • #90,664
  • Mar 3, 2011 7:11pm Mar 3, 2011 7:11pm
Quoting menomoo
Ok Here we are . read my previous post pls,

Cheers
If I'm looking at that right, you're long, and playing that as a regular pin bar rather than inverted right? For an inverted pin, the high should be higher than the previous bar and you would be going short....

No expert on them, but just what I see when I look at the chart.
  • #90,665
  • Mar 3, 2011 7:12pm Mar 3, 2011 7:12pm
Quoting Donkey
Don't normally do continuation bars, but the weekly BUOB forming on EJ sure looks promising. If it closes above 115, it'll be tempting to go long. I see a good bit of confluence if the close is good...BRN, highest close prev resistance on weekly, consolidation box/ppz.

Rejection at 115 and I'll be looking to short back into the consolidation.
Nice D,

Here is my Eur/jpy as well

http://www.forexfactory.com/showthre...78#post4397778


Best
Mike
  • #90,666
  • Edited 7:23pm Mar 3, 2011 7:12pm | Edited 7:23pm
Quoting jarroo
I don't see an Outside Bar, but if you're referring to the highest close of that Resistance level, the 1.0182. . .then yes, its still a Resistance level.

Is this what you're asking??
So you wouldn't consider the one with the arrow in my chart as an Outside Bar? I need to study more. I was a J16 private forum member for a very short period of time, didn't learn much because I was very new and hoping for the holy grail.

Now this is the trading method I would like to trade with. Do you have an opinion Mike?
Thanks

ant-
  • #90,667
  • Mar 3, 2011 7:15pm Mar 3, 2011 7:15pm
Quoting mbqb11
Nice D,

Here is my Eur/jpy as well

http://www.forexfactory.com/showthre...78#post4397778


Best
Mike
... You see them a month in advance, I see them after the fact...most of the time....
  • #90,668
  • Mar 3, 2011 7:22pm Mar 3, 2011 7:22pm
I meant regular pin , well supporting the recent push in the box.. If that sounds right ?

Cheers v
  • #90,669
  • Mar 3, 2011 7:28pm Mar 3, 2011 7:28pm
Quoting Donkey
... You see them a month in advance, I see them after the fact...most of the time....
not at all man you are doing a fantastic job , I am enjoying it

Mike
  • #90,670
  • Mar 3, 2011 7:35pm Mar 3, 2011 7:35pm
if you guys want this kind of set up to make your PA searching MUCH easier, let me know.

http://my.jetscreenshot.com/5886/m_2...kffn-104kb.jpg
  • #90,671
  • Mar 3, 2011 7:40pm Mar 3, 2011 7:40pm
Quoting anthoniex
So you wouldn't consider the one with the arrow in my chart as an Outside Bar? I need to study more. I was a J16 private forum member for a very short period of time, didn't learn much because I was very new and hoping for the holy grail.

Now this is the trading method I would like to trade with. Do you have an opinion Mike?
Thanks

ant-
Hey Ant

Don't worry we were all on the search for the grail at one point or another

An outside bar needs to fully engulf the previous bar

That is for a beob the following

A high higher then the previous bars high
A low lower then the previous bars low
The close must be near the bottom portion of the bar

Some examples of BEOBs

Best
Mike
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  • #90,672
  • Mar 3, 2011 7:49pm Mar 3, 2011 7:49pm
Quoting DBallerz
if you guys want this kind of set up to make your PA searching MUCH easier, let me know.

http://my.jetscreenshot.com/5886/m_2...kffn-104kb.jpg
unless you say nothing is free...
my small screen laptop would really appreciate it.
  • #90,673
  • Mar 3, 2011 7:54pm Mar 3, 2011 7:54pm
Jarroo, thanks for the input on that setup with the FTA too close & look how it turned out. LoL

EUR/AUD is looking interesting.
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  • #90,674
  • Mar 3, 2011 7:56pm Mar 3, 2011 7:56pm
Quoting mbqb11
Hey Ant

Don't worry we were all on the search for the grail at one point or another

An outside bar needs to fully engulf the previous bar

That is for a beob the following

A high higher then the previous bars high
A low lower then the previous bars low
The close must be near the bottom portion of the bar

Some examples of BEOBs

Best
Mike
Thanks Mike,
I was only looking at the body, ignoring the shadow/ wick
  • #90,675
  • Mar 3, 2011 7:58pm Mar 3, 2011 7:58pm
Quoting menomoo
I meant regular pin , well supporting the recent push in the box.. If that sounds right ?

Cheers v
Yep that makes sense. I like that you have BRN 1.6 and several bullish days in your favor. I agree with target at top of box. I would just be wary of the ppz at 1.6100. It has been strong resistance. Personally, I would be quick to reduce risk and not let price hang around that area long.
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  • #90,676
  • Mar 3, 2011 8:16pm Mar 3, 2011 8:16pm
EURAUD...seems to respect the 150 (blue) ema. Also have Round Number 1.38 and 61.8 retracement as confluence. Will be interesting watch this area after today's strong move up.
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  • #90,677
  • Mar 3, 2011 9:14pm Mar 3, 2011 9:14pm
Quoting DBallerz
if you guys want this kind of set up to make your PA searching MUCH easier, let me know.

http://my.jetscreenshot.com/5886/m_2...kffn-104kb.jpg
Well how could I refuse.

I'd be interested in a clue or two as to how to accomplish that.

B
  • #90,678
  • Mar 3, 2011 9:37pm Mar 3, 2011 9:37pm
Quoting Donkey
EURAUD...seems to respect the 150 (blue) ema. Also have Round Number 1.38 and 61.8 retracement as confluence. Will be interesting watch this area after today's strong move up.

Yes, I have my eye on this also as I pointed out a couple of posts back.

I like the fact that we are at the top of this large consolidation box.
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  • #90,679
  • Mar 3, 2011 10:08pm Mar 3, 2011 10:08pm
Quoting Pinbar
Jarroo, thanks for the input on that setup with the FTA too close & look how it turned out. LoL

EUR/AUD is looking interesting.
looking good, PinBar!
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  • #90,680
  • Mar 3, 2011 10:24pm Mar 3, 2011 10:24pm
Some examples of BEOBs

Best
Mike[/quote]

Thanks for clearing that up Mike, I was getting mixed up with beeob's

Poncho
" I can read the left side of the chart, the right side's a Bitch!
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