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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

  • #90,921
  • Mar 6, 2011 10:04pm Mar 6, 2011 10:04pm
Quoting jarroo
The terminology list is fine, Pb.

I believe Mike would not like the size of the Daily Eur/Jpy but would like that there is bearish signals across most of the Jpy pairs.

The E/J did not make a convincing Close above the Highest Close of the Res on the Weekly. But it did close strongly above this bit of consolidation on the Weekly and Daily in white, 114.00. . . or the previous High of the Weekly BUOB . . This is where I would like to see some bullish PA . .previous Resistance to Support. This retracement I see coming from the Daily bearish...

So, you would not consider any shorts on this pair, even if it showed any H4 pa?

Also, may I ask, if there also exists a Lowest Open of Support area, where marked the area with the black?
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  • #90,922
  • Mar 6, 2011 10:21pm Mar 6, 2011 10:21pm
Quoting jarroo
Let's see if on the 4 Hour TF . .if PBT&CB at the 114.90 which is truer to the Highest Close of Res on the Weekly. If it doesn't . .we could be going up.

Let's look at the 4 Hour at this 114.90ish in the recent past. .the "ish" level of the HCR, because it not an exact number its more of an area. but you can see it did develop a PBT&CB. Obviously, stronger solid bearish PA would have been better . .it always does.
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Indicators show the past. Price Action "Indicates" the future.
  • #90,923
  • Mar 6, 2011 10:24pm Mar 6, 2011 10:24pm
Quoting Pinbar
So, you would not consider any shorts on this pair, even if it showed any H4 pa?

Also, may I ask, if there also exists a Lowest Open of Support area, where marked the area with the black?
I ignore the Open because its the same as the Close.
Indicators show the past. Price Action "Indicates" the future.
  • #90,924
  • Mar 6, 2011 10:27pm Mar 6, 2011 10:27pm
I mean life is cool cruel whatever but when it comes to these microsoft updates , I donno the answer. I Clicked the installation of updates yesterday and to day my office stopped working (((

So no pics .. Donna how to fix it ... But I ll work on it today .. All in all back few months ago , at 1.63 price formed IB and dropped all the way to swing low of 1.53500 . I called them major PPZ . In between 1.55 1.58 1.60 nice minor PPZ going back for months and very nice , PB , OB and likes around . Was fun to do it ! But believe me it is damn frustrating not to show it to ya ...

Cheers

V
  • #90,925
  • Mar 6, 2011 10:31pm Mar 6, 2011 10:31pm
Quoting menomoo
I mean life is cool cruel whatever but when it comes to these microsoft updates , I donno the answer. I Clicked the installation of updates yesterday and to day my office stopped working (((

So no pics .. Donna how to fix it ... But I ll work on it today .. All in all back few months ago , at 1.63 price formed IB and dropped all the way to swing low of 1.53500 . I called them major PPZ . In between 1.55 1.58 1.60 nice minor PPZ going back for months and very nice , PB , OB and likes around . Was fun to do it ! But believe me it is damn frustrating...
No problem V. . .you'll get it fixed.
Indicators show the past. Price Action "Indicates" the future.
  • #90,926
  • Mar 6, 2011 10:31pm Mar 6, 2011 10:31pm
Interesting Jarroo

I was just playing around on the Monthly candles using the last 12.

When we move down to the daily, we get some interesting areas.
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  • #90,927
  • Mar 6, 2011 10:35pm Mar 6, 2011 10:35pm
Quoting Pinbar
Interesting Jarroo

I was just playing around on the Monthly candles using the last 12.

When we move down to the daily, we get some interesting areas.

The Highest and Lowest Close are even stronger when they line up with Highs and Lows.
Indicators show the past. Price Action "Indicates" the future.
  • #90,928
  • Mar 6, 2011 10:44pm Mar 6, 2011 10:44pm
Quoting jarroo
The Highest and Lowest Close are even stronger when they line up with Highs and Lows.

A hint!!

I am off to experiment.
  • #90,929
  • Mar 6, 2011 10:46pm Mar 6, 2011 10:46pm
Just donno what it is but alpari I think I managed saving but fxcm freezes ?

Anyways just to show levels that are jumping out to test ... No comments on it sorry...

Thanks

Vito
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  • #90,930
  • Mar 6, 2011 10:50pm Mar 6, 2011 10:50pm
Quoting menomoo
Just donno what it is but alpari I think I managed saving but fxcm freezes ?

Anyways just to show levels that are jumping out to test ... No comments on it sorry...

Thanks

Vito

Those look great Vito . .

Now if you could . .show where Price broke through each level and closed either above or below them.
Indicators show the past. Price Action "Indicates" the future.
  • #90,931
  • Mar 6, 2011 11:03pm Mar 6, 2011 11:03pm
Quoting Pinbar
A hint!!

I am off to experiment.

Here was a good one on the Daily Usd/Chf . . .



Quoting jarroo
Will the consolidation continue on the Usd/Chf. I like its chance of continuing . .in this case down. If not, up we go.
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Indicators show the past. Price Action "Indicates" the future.
  • #90,932
  • Mar 7, 2011 12:21am Mar 7, 2011 12:21am
Hey, any new people that have taken a few bad demo trades recently?

Don't feel too bad about it, here is one, I would probably have jumped into thinking it was the best thing since they invented beer, six months ago.

I am actually still laughing at how I would without doubt have already been into this trade, short and wondering why price wasn't going down. LoL

This is honesty folks, so don't feel bad if you have taken any not so good setups recently.
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  • #90,933
  • Mar 7, 2011 12:32am Mar 7, 2011 12:32am
Quoting mbqb11
Hey Maple

Most brokers are going to pay you or subtract the interest. So it goes both ways depending on the interest rates of the two pairs against one and another. The interest is not something huge and from my experience it balances out a bit since you get paid interest as well as some brokers paying interest on your balances as well. Again from what I know the only place that holding positions is a killer are spreadbetting but that is not something in the US we use

Best
Mike

Right, I hold XAUUSD for like one week and closed with profit, Although the interest was big, in the final picture, it was not a big effect to my profits.. I just wondered why XAUUSD had so big interest payment.
The Black Swan: The Impact of the Highly Improbable
  • #90,934
  • Mar 7, 2011 12:42am Mar 7, 2011 12:42am
Very helful, thank you. IMHO we also have 3 higher lows all in all, and the W pattern sticking out large in the middle, which often ( not always ) despite the " pinbar " and slight retrace is the building pattern for a move up. Just my 2 cents of " be wary, it`s not just the bar itself " ).

Great example !

This inspires me to post some charts, many thanks to all in this great thread.



__________
michael
Be like water.
  • #90,935
  • Mar 7, 2011 12:55am Mar 7, 2011 12:55am
Quoting Pinbar
Interesting Jarroo

I was just playing around on the Monthly candles using the last 12.

When we move down to the daily, we get some interesting areas.
Sorry if it is already described somewhere, can you please direct me to the post where it explains what you/Jaroo have done. Just coming back from long leave and reading thru everything I have missed.

This looks very interesting but not understanding it properly :-). Really want to learn. Appreciate any pointers.

cheers
  • #90,936
  • Mar 7, 2011 1:39am Mar 7, 2011 1:39am
Quoting Imphilomath
Sorry if it is already described somewhere, can you please direct me to the post where it explains what you/Jaroo have done. Just coming back from long leave and reading thru everything I have missed.

This looks very interesting but not understanding it properly :-). Really want to learn. Appreciate any pointers.

cheers

Sure, this is what started it all.

http://www.forexfactory.com/showpost...ostcount=90874
  • #90,937
  • Mar 7, 2011 1:51am Mar 7, 2011 1:51am
Hi guys

Hope y'all had good weekend. Just wanted to ask any opinions on this BEOB on the GBCHF? The one problem I see with it is that it is just above BRN at 1.5000 so we would be trading into that.

Comments/thoughts welcome.

Kal
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  • #90,938
  • Mar 7, 2011 2:32am Mar 7, 2011 2:32am
I sthis what you meant? These are the clearest ones jump out at me... Not the flips and pa on PPZ but just PBTCA or PBTCB on daily .

Thanks

Vito
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  • #90,939
  • Mar 7, 2011 2:37am Mar 7, 2011 2:37am
I like where EJ is arriving at.
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  • #90,940
  • Mar 7, 2011 2:42am Mar 7, 2011 2:42am
lol . lets c .
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