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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

  • #91,141
  • Mar 8, 2011 10:12pm Mar 8, 2011 10:12pm
Quoting jarroo
Yeah I know . . . . . . my mistake.

Don't worry about it, It is just my tiny mind.

I should have realized it sooner.

So, we actually have HCR, HCS, LCR, LCS?

And, what has happened to PBT&CA or PBT&CB?

Have we dropped these as, these use the highs or lows and not the close or open?
  • #91,142
  • Edited 10:30pm Mar 8, 2011 10:13pm | Edited 10:30pm
Quoting jarroo
All HCR and LCS is a way of fine tuning or narrowing down PPZ levels or S/R levels.

Put up a PPZ level from a different pair and let's take a look.
How I see NZDUSD with HCR/LCS...would love to see retrace to .7530 area with bearish PA
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  • #91,143
  • Mar 8, 2011 10:15pm Mar 8, 2011 10:15pm
Quoting Pinbar
Don't worry about it, It is just my tiny mind.

I should have realized it sooner.

So, we actually have HCR, HCS, LCR, LCS?
There is no HCS or LCR
Indicators show the past. Price Action "Indicates" the future.
  • #91,144
  • Mar 8, 2011 10:20pm Mar 8, 2011 10:20pm
Quoting jarroo
There is no HCS or LCR

LOL

Jarroo

Perhaps, you could tell me what there is.
And do we still use PBT&CA or B or has this been passed over in favor of this method?

Sorry Jarroo, I am not trying to be an A hole, just trying to get it in my head clearly.
  • #91,145
  • Mar 8, 2011 10:24pm Mar 8, 2011 10:24pm
Quoting Donkey
How I see NZDUSD with HCS/LCR...would love to see retrace to .7530 area with bearish PA

Good eye. . D . . These also work at Swing Highs and Lows, of course.

Notice the HCR at the .7330 I like when they line up with Highs or Lows.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #91,146
  • Mar 8, 2011 10:26pm Mar 8, 2011 10:26pm
Quoting Donkey
How I see NZDUSD with HCS/LCS...would love to see retrace to .7530 area with bearish PA

There is no HCS. LoL

We are just working it out.
  • #91,147
  • Mar 8, 2011 10:26pm Mar 8, 2011 10:26pm
Quoting Pinbar
LOL

Jarroo

Perhaps, you could tell me what there is.
And do we still use PBT&CA or B or has this been passed over in favor of this method?

Sorry Jarroo, I am not trying to be an A hole, just trying to get it in my head clearly.
Yes . .we still use PBT&CAor B. We use it with the HCR and LCS.
Indicators show the past. Price Action "Indicates" the future.
  • #91,148
  • Mar 8, 2011 10:27pm Mar 8, 2011 10:27pm
One more EG- a previous weekly LCS, flipped to resistance and came back to be an LCS a second time - almost to the pip, and is now major resistance area

High probability that the area will:
1) Continue to hold as resistance
2) Flip back to support area (potential neck of a sloppy reverse H&S)
Attached Image(s) (click to enlarge)
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  • #91,149
  • Mar 8, 2011 10:31pm Mar 8, 2011 10:31pm
Quoting Pinbar
There is no HCS. LoL

We are just working it out.
Oops...charts right, edited post
  • #91,150
  • Edited 10:39pm Mar 8, 2011 10:32pm | Edited 10:39pm
What about this one?
HCR and LCS is the most recent highs/lows on the TF our our setup, right? So could be daily/weekly?



http://i51.tinypic.com/erllpl.gifhttp://i55.tinypic.com/4tukgg.gif
  • #91,151
  • Mar 8, 2011 10:34pm Mar 8, 2011 10:34pm
Quoting jarroo
Yes . .we still use PBT&CAor B. We use it with the HCR and LCS.

Ok, thanks Jarroo

This is EJ weekly with just the PBT&CA &B

I will now put in HCR & LCS
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  • #91,152
  • Edited 10:51pm Mar 8, 2011 10:35pm | Edited 10:51pm
Quoting Donkey
One more EG- a previous weekly LCS, flipped to resistance and came back to be an LCS a second time - almost to the pip, and is now major resistance area

High probability that the area will:
1) Continue to hold as resistance
2) Flip back to support area (potential neck of a sloppy reverse H&S)

That was sweet. Notice the Highs/Lows and Close lining up . .prior to that potential TT .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #91,153
  • Mar 8, 2011 10:40pm Mar 8, 2011 10:40pm
I think I do not have this done correctly from looking at the daily chart.
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  • #91,154
  • Mar 8, 2011 10:42pm Mar 8, 2011 10:42pm
Quoting Pinbar
I think I do not have this done correctly from looking at the daily chart.

Yeah you look all over the place there, Pb. What TF are you using Weekly or Monthly?
Indicators show the past. Price Action "Indicates" the future.
  • #91,155
  • Mar 8, 2011 10:44pm Mar 8, 2011 10:44pm
Quoting jarroo
Yeah you look all over the place there, Pb. What TF are you using Weekly or Monthly?
On the weekly only.


Tell you what, hit me with a pair and I will work on it.

EJ should look like this from just using simple flip areas on the daily.
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  • #91,156
  • Mar 8, 2011 10:50pm Mar 8, 2011 10:50pm
Quoting Pinbar
On the weekly only.


Tell you what, hit me with a pair and I will work on it.

EJ should look like this from just using simple flip areas on the daily.
Ok . .the current consolidation on the Weekly Gbp/Aud.
Indicators show the past. Price Action "Indicates" the future.
  • #91,157
  • Mar 8, 2011 10:51pm Mar 8, 2011 10:51pm
Quoting jarroo
Ok . .the current consolidation on the Weekly Gbp/Aud.
Ok, thanks
BRB

EDIT'
Not much data on this pair on IBFX.

This is just a real quick daily flip area PPZ chart. Drawn on the daily, so I can compare the other method later.
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  • #91,158
  • Mar 8, 2011 10:57pm Mar 8, 2011 10:57pm
Quoting Pinbar
I think I do not have this done correctly from looking at the daily chart.
I think you need to draw the HCR/LCS first and then look for break through close above/below etc.

Here's how I see current EJ consolidation using HCR and LCS....the top and midpoint of current box can be defined by the HCR and LCS1 I drew on weekly. They are basically the BRN of 115. I see using a higher time frame close with BRN as confluence at a S/R area. If you get the PBT&CA/B, you expect the s/r to flip. If you don't get it you expect the s/r to hold.

So on EJ we expect the current level (basically 115.00) to now hold as support.
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  • #91,159
  • Mar 8, 2011 10:59pm Mar 8, 2011 10:59pm
HCR at 1.60459 as price is currently below here.

Is this correct?
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  • #91,160
  • Mar 8, 2011 10:59pm Mar 8, 2011 10:59pm
Quoting jarroo
Yeah you look all over the place there, Pb. What TF are you using Weekly or Monthly?
...I just read TF as something other than Time Frame that goes with What....getting late here.
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