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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

  • #90,781
  • Mar 4, 2011 5:39pm Mar 4, 2011 5:39pm
Quoting premierpip
finally i step foot back onto this thread. left this thread a few months back because i was busy with school. i;m having my holidays now and is back on forex. stopped the PF after 4 months not because it wasn't good. but because i was financially tight. i miss the PF.

anyone mind updating me? have anything changed recently? are we still trading PB, IB, BUOB, BEOB.
using PP, and fib retracements, RN for PA?

or am i outdated?
No. You are not. However, Jarroo introduced some new termnolozy -

PBTCA and PBTCB.

Price Broke Through and Closed Above & Price Broke Through Closed Below.
  • #90,782
  • Mar 4, 2011 5:44pm Mar 4, 2011 5:44pm
Quoting anthoniex
EURJPY
the area has been tested a few times and the current up momentum is very strong. Any bias?
EURJPY
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  • #90,783
  • Mar 4, 2011 6:00pm Mar 4, 2011 6:00pm
Quoting cprao
No. You are not. However, Jarroo introduced some new termnolozy -

PBTCA and PBTCB.

Price Broke Through and Closed Above & Price Broke Through Closed Below.
as the name implies, i'll give it a guess that it means price breaking thourgh a certain RN, PPZ or S/R. and eventually closed below or above the zone. if it managed to close above, means it's strong enough to move even higher and vice versa. am i right?
  • #90,784
  • Mar 4, 2011 6:13pm Mar 4, 2011 6:13pm
Quoting anthoniex
EURJPY
thanks for zooming out. gives good perspective,
  • #90,785
  • Mar 4, 2011 7:31pm Mar 4, 2011 7:31pm
Quoting anthoniex
EURJPY

My opinion of this, is that it is an OK bar, I see you have highlighted previous lows as trouble areas, In my experience (however small it may be), is that the previous highs are more of a concern than anything. Granted my FTA is around 114.20, and that still gives price at least a little bit of room to move after a break of the low.

Price closing above 115.00 today is a concern as well.
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Many choose unhappiness over uncertainty.
  • #90,786
  • Mar 4, 2011 7:31pm Mar 4, 2011 7:31pm
If anyone who recently asked me for the FFCAL news indicator, has experienced the bug that has stopped it working.
Here is the updated and fixed version.
Attached File(s)
File Type: mq4 FFCal.mq4   49 KB | 441 downloads
  • #90,787
  • Mar 4, 2011 7:33pm Mar 4, 2011 7:33pm
Quoting menomoo
How do get that set up of the lower time frames on the right of your chart again ?

Thanks in advance

Cheers

V
Here you go

http://www.forexfactory.com/showpost...ostcount=90653

Quoting the_wizard
Another Bund trader! Way to go!

Tom
If ever an instrument could show just how predictable price can be, Bund is it!
  • #90,788
  • Mar 4, 2011 7:42pm Mar 4, 2011 7:42pm
Quoting menomoo
Nice pin bar at minor flip zone in a consolidation triangle probably will target the bottom of this week low ,

And tighten stop on the lower time frame to possible break out !

But I think this is easy money next week with a tight stop ))

Comments
Welcome ..

V

This one I kind of like.

Let me show you why. that bearish pin tips off the 83.00 minor big round number and PPZ nicely, they upward sloping yellow trendline I have drawn will possibly break out hard and send price moving south bound quite quickly. This pin we saw form today may very well be the last PA signal we get inside of the current price consolidation before price decides to move lower. Time will tell, but I think this is a reasonable bar that should be looked at.
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Many choose unhappiness over uncertainty.
  • #90,789
  • Mar 4, 2011 7:47pm Mar 4, 2011 7:47pm
Quoting Dan Gilbert
My opinion of this, is that it is an OK bar, I see you have highlighted previous lows as trouble areas, In my experience (however small it may be), is that the previous highs are more of a concern than anything. Granted my FTA is around 114.20, and that still gives price at least a little bit of room to move after a break of the low.

Price closing above 115.00 today is a concern as well.
I'd have to agree with you Dan.
The close above says a lot, and the weekly speaks volumes
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  • #90,790
  • Mar 4, 2011 7:54pm Mar 4, 2011 7:54pm
Quoting Dan Gilbert
Yes indeed, especially when looking at even bigger TF's, and the 150 EMA, 61.8 retracement stacked up with it.

edit: safe to say this is about as A+ as it can get lol....
update:

well this "A+" bar is grinding it's way up

looks good. Hit the 800 round number. Who knows how much further it will go?
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Many choose unhappiness over uncertainty.
  • #90,791
  • Mar 4, 2011 8:06pm Mar 4, 2011 8:06pm
Quoting Dan Gilbert
Only thing I see on weekly...
UPDATE

started to move a bit this past week, we'll anticipate price to hit the previous highs to the left perhaps within the next 1-3 weeks.

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Many choose unhappiness over uncertainty.
  • #90,792
  • Mar 4, 2011 8:07pm Mar 4, 2011 8:07pm
Quoting premierpip
as the name implies, i'll give it a guess that it means price breaking thourgh a certain RN, PPZ or S/R. and eventually closed below or above the zone. if it managed to close above, means it's strong enough to move even higher and vice versa. am i right?
You are right. If the price closed above/below certain PPZ/SR/BRN bias in the direction of the close. or they are the best places to look for PA setups..
If you just refer last 10 to 15 pages, you will see many Jarroo's examples.
  • #90,793
  • Mar 4, 2011 8:11pm Mar 4, 2011 8:11pm
Quoting Dan Gilbert
BEOB exiting consolidation on weekly.
UPDATE

Price broke the low, moving a bit sideways relative to last weeks freak bar, but this is a weekly signal, after all
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Many choose unhappiness over uncertainty.
  • #90,794
  • Mar 4, 2011 8:14pm Mar 4, 2011 8:14pm
Quoting Dan Gilbert
UPDATE

started to move a bit this past week, we'll anticipate price to hit the previous highs to the left perhaps within the next 1-3 weeks.

Dan, what are these instuments ? Stocks ?
  • #90,795
  • Mar 4, 2011 8:20pm Mar 4, 2011 8:20pm
Quoting cprao
Dan, what are these instuments ? Stocks ?
commodity futures. (soybeans, wheat, etc)

James trades predominately futures, so it's a fun market to watch.
Many choose unhappiness over uncertainty.
  • #90,796
  • Mar 4, 2011 8:44pm Mar 4, 2011 8:44pm
Quoting Dan Gilbert
commodity futures. (soybeans, wheat, etc)

James trades predominately futures, so it's a fun market to watch.
You have them on FXpro ? I think they are not as leveraged as forex.
  • #90,797
  • Mar 4, 2011 8:47pm Mar 4, 2011 8:47pm
Too bad this NZD/USD bar did not pullback another 30 pips and close bullish inside the eye of the previous bar. I was hoping this bar was going to touch the monthly PPZ and the lower channel line. The 365 would also have been a nice area to bounce off but, we can't have it all. LoL
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  • #90,798
  • Mar 4, 2011 8:59pm Mar 4, 2011 8:59pm
Quoting cprao
You have them on FXpro ? I think they are not as leveraged as forex.

No I just paper trade them now. Learning about options currently from the sidelines to learn how to price myself in and reduce risk, etc.

Options are very interesting how they work.
Many choose unhappiness over uncertainty.
  • #90,799
  • Mar 4, 2011 10:09pm Mar 4, 2011 10:09pm
lol ,many pin bars next week .will the usd index be reserse？？
A chart helps those who can read it.
  • #90,800
  • Mar 5, 2011 1:01am Mar 5, 2011 1:01am
Just finished marking up my charts for next week and after that I decided to just have a quick look at another PA thread.
In the thread this EJ PB was mentioned as a warning and the fact of the progressively higher lows were mentioned. It was also stated that you can make some pips of a setup like this but basically the opinion was against it.

Anyway, I am looking at this on the weekly and we have, a rather large weekly BUEOB. Not a swing low but it is rather large. However, it is also the third touch of the TL with the 50 fibo as confluence.

I am wondering if this daily PB breaks and gets past the 115 BRN, is it likely to make it to the Weekly BUEOB previous bar high around, 114.210?

Or are you guys staying out of this one? Personally, I don't like the 114.730 area.
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