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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

  • #90,821
  • Mar 5, 2011 3:20am Mar 5, 2011 3:20am
Quoting Adilius07
This is CADJPY Daily PB on Alpari feed. My Oanda looks even better.
hey Adi..I'm talking about GBPJPY n not CADJPY.hope that clears..
good Trading!!
  • #90,822
  • Mar 5, 2011 3:26am Mar 5, 2011 3:26am
Quoting Pinbar
If that PB breaks and it get's past the support at around 114.73, it has nearly 80 pips to the BUEOB previous bar high.

That is more than enough room to trade in.
]

Hey PB,

You can probably squeeze some pips out of all these Yen pairs. I guess it depends on how you approach it. Personally I would only like to take the best setup and for me that seems to be GBP/JPY, it seems to have more confluence and much more going in its favour. This is just my view.

Cheers
  • #90,823
  • Mar 5, 2011 3:36am Mar 5, 2011 3:36am
Quoting vasmiza
Hi Ad,

Don't want to dissuade you or anything but these boxes really scare me. Same thing with GBP/JPY, difference being there is not as much congestion here. From my understanding Mike really doesn't trade back into these areas. Would really like to hear his take on these. Your FTA will most likely be hit but these are just some things to consider.

The only boxes you should worry about are the ones in gray and you can see the PPZ running between them.
The thing is, Adi already mentioned that the PPZ running between the boxes is the target.
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  • #90,824
  • Mar 5, 2011 4:06am Mar 5, 2011 4:06am
Quoting vasmiza
]

Hey PB,

You can probably squeeze some pips out of all these Yen pairs. I guess it depends on how you approach it. Personally I would only like to take the best setup and for me that seems to be GBP/JPY, it seems to have more confluence and much more going in its favour. This is just my view.

Cheers

This one?

I'd watch the bar highs of that lower box.
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  • #90,825
  • Mar 5, 2011 4:12am Mar 5, 2011 4:12am
Quoting Pinbar
This one?

I'd watch the bar highs of that lower box.
That is definitely an area to watch out for. Around the 133 mark, maybe a little higher.
  • #90,826
  • Mar 5, 2011 4:54am Mar 5, 2011 4:54am
I think if we go back to James16, we can keep it really simple and get an easy answer.

Do we really need to see 10 bars into the future?
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  • #90,827
  • Mar 5, 2011 5:32am Mar 5, 2011 5:32am
Great discussions on yen pairs guys. Did my evaluations before looking at your views, so I wouldn't be tainted by your opinions. In my view, not to shade your outlooks, but none fit the A+ grade according to my rules. I see the potential for small profits in the setups but for me I would have to spend to much time monitoring them. So, I am on the sidelines. Here are a few charts for potential TT. I believe they are self explanatory.

Watching patiently in my stand.
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  • #90,828
  • Mar 5, 2011 5:33am Mar 5, 2011 5:33am
Quoting Ifmyante
I think if we go back to James16, we can keep it really simple and get an easy answer.

Do we really need to see 10 bars into the future?

Not sure what you are talking about, to be honest.

But, if you are talking about identifying PPZ where price may or may not in the future show us PA/ I personally feel we should pay attention to this.

In fact in many of Jim's videos, he says, "You should keep these lines on your charts". Meaning, we should draw a wide enough range of PPZ where we can look for PA. Seeking light draws his PPZ about 3ooo pips above and below price.
  • #90,829
  • Mar 5, 2011 6:48am Mar 5, 2011 6:48am
Quoting Pinbar
Not sure what you are talking about, to be honest.

But, if you are talking about identifying PPZ where price may or may not in the future show us PA/ I personally feel we should pay attention to this.

In fact in many of Jim's videos, he says, "You should keep these lines on your charts". Meaning, we should draw a wide enough range of PPZ where we can look for PA. Seeking light draws his PPZ about 3ooo pips above and below price.
Hi Steve

I'm being a lot more simplistic than that.
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  • #90,830
  • Mar 5, 2011 6:50am Mar 5, 2011 6:50am
Quoting Ifmyante
Hi Steve

I'm being a lot more simplistic than that.

Can't see a thing on that chart. Lol
  • #90,831
  • Mar 5, 2011 6:58am Mar 5, 2011 6:58am
Quoting Pinbar
Can't see a thing on that chart. Lol
I was thinking the same thing myself!

Checked it out, and it seems .png is better quality

Edit: Damnit. I saved and uploaded as .png, and it's still displayed as a crappy jpg. Anyone know a way to get higher quality charts up?
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  • #90,832
  • Mar 5, 2011 7:36am Mar 5, 2011 7:36am
Quoting Ifmyante
I was thinking the same thing myself!

Checked it out, and it seems .png is better quality

Edit: Damnit. I saved and uploaded as .png, and it's still displayed as a crappy jpg. Anyone know a way to get higher quality charts up?

I don't think the format is the problem, it is just the dark background.
  • #90,833
  • Mar 5, 2011 7:37am Mar 5, 2011 7:37am
Quoting Ifmyante
Hi Steve

I'm being a lot more simplistic than that.
I like this one the best, because it doesn't have as many pit stops as the other yen crosses have. If you're in at 114.70, the first trouble area looks like 114.20. That's a lot more room to work with in my opinion.
"Don't trade to trade . . . trade to win." - James16
  • #90,834
  • Mar 5, 2011 7:48am Mar 5, 2011 7:48am
I've been watching Dan Gilbert trade the I4Bs and sort of looking for one to do a first demo trade on. EURCAD weekly is straddling BRN 1.3500 and is an I5B. Looks to be in the right spot, but immediate traffic on both sides. There is some room to move in both directions if it gets through relative close fta's.
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  • #90,835
  • Mar 5, 2011 8:14am Mar 5, 2011 8:14am
nice buob on weekly acat.
arctic cat ... cool name... .... this has to be a runner...
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meine augen sind die sterne
  • #90,836
  • Mar 5, 2011 8:14am Mar 5, 2011 8:14am
Quoting Pinbar
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...

as you can see, short eurjpy 115.06 .good luck .
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A chart helps those who can read it.
  • #90,837
  • Mar 5, 2011 8:23am Mar 5, 2011 8:23am
Quoting Flem26
I like this one the best, because it doesn't have as many pit stops as the other yen crosses have. If you're in at 114.70, the first trouble area looks like 114.20. That's a lot more room to work with in my opinion.
I'd be paying very close attention to volume on the lower tf's around there, and taking most or full profit depending on that

Quoting Pinbar
I don't think the format is the problem, it is just the dark background.
Yeah, sorry about that. I'm double sighted, so the less light I see the better
  • #90,838
  • Mar 5, 2011 8:57am Mar 5, 2011 8:57am
Quoting Donkey
I've been watching Dan Gilbert trade the I4Bs and sort of looking for one to do a first demo trade on. EURCAD weekly is straddling BRN 1.3500 and is an I5B. Looks to be in the right spot, but immediate traffic on both sides. There is some room to move in both directions if it gets through relative close fta's.
How about IB on EURUSD at VBRN 1.4 ?

Edit: Chart added
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  • #90,839
  • Mar 5, 2011 9:10am Mar 5, 2011 9:10am
Quoting cprao
How about IB on EURUSD at VBRN 1.4 ?

Edit: Chart added

That is not an IB.

The IB has to be completely inside the previous bar, not protruding like that bar.
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  • #90,840
  • Mar 5, 2011 9:16am Mar 5, 2011 9:16am
Quoting Atc
Great discussions on yen pairs guys. Did my evaluations before looking at your views, so I wouldn't be tainted by your opinions. In my view, not to shade your outlooks, but none fit the A+ grade according to my rules. I see the potential for small profits in the setups but for me I would have to spend to much time monitoring them. So, I am on the sidelines. Here are a few charts for potential TT. I believe they are self explanatory.

Watching patiently in my stand.
I am with you Bill, and great picture
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