james16 Chart Thread | Page 4568 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #91,341
  • Mar 10, 2011 8:05pm Mar 10, 2011 8:05pm
Quoting jarroo
That's right. So if at the end of this week, Price has close below this Support level, specifically LCS, we now look for confirming beariah PA at this level.

You got it. . .that's all there is.

I was waiting for something much more complicated. LOL

Yet, at the same time, I knew there was nothing more complicated.

I think you have just instilled the trust of these consolidation boxes in me and this weekend, I shall backrest them, and demo the hell out of any I see next next week. Many thanks Jarroo.

I have a quick question about the PA signal though.
Look at this GBPCAD, setup I was looking at while waiting for your reply.

Got to go out for an hour but I shall be pondering this while I am out.

Once again, Many thanks Jarroo.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gc.jpg Size: 72 KB
Click to Enlarge Name: d.jpg Size: 101 KB
  • #91,342
  • Mar 10, 2011 8:23pm Mar 10, 2011 8:23pm
Quoting jarroo
Hey .D, The more you look at these levels (HCR/LCS) the more you'll like them.

Here's a chart on the Daily GBP/Aud to better illustate the Entry/Stop loss placements using PBT&CAorB and HCR/LCR. You can see its more of a Touch Trade method but PA sure makes it better .. Its basicaly the same way I looked at the Eur/Jpy.
All I can say is WOW.....This Chart is a "Wall Hanger" I'm taking it to the Framer to have it mounted.

Thanks so much,

Bill
  • #91,343
  • Mar 10, 2011 8:28pm Mar 10, 2011 8:28pm
Quoting menomoo
I just noticed this but it is looking much better on FXCM feed . And i think the area is to watch for ... Bullish PA maybe? It looks more of major of a PPZ.

True?

thanks

vito
Yes . I would be looking for bullish PA at that level .. I also like the line of Closes (magenta line) strong level.

. .but now we have Price breaking through and closing below this Level on the Daily. Possible Resistance level forming . .some nice bearish PA would confirm it for me.
Attached Image (click to enlarge)
Click to Enlarge Name: euro11a.jpg Size: 81 KB
Indicators show the past. Price Action "Indicates" the future.
  • #91,344
  • Mar 10, 2011 8:29pm Mar 10, 2011 8:29pm
Quoting jarroo
Euro
agree with atc....WOW.

Seeing how you use these levels as entry s/l.... Is this a scenario that would make sense to you to TT short on EURO?
Attached Image (click to enlarge)
Click to Enlarge Name: wpg57.gif Size: 24 KB
  • #91,345
  • Mar 10, 2011 8:32pm Mar 10, 2011 8:32pm
Quoting Atc
All I can say is WOW.....This Chart is a "Wall Hanger" I'm taking it to the Framer to have it mounted.

Thanks so much,

Bill

Its not an "end all be all" type of thing but it has its moments . . .


Thanks Bill


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #91,346
  • Mar 10, 2011 8:40pm Mar 10, 2011 8:40pm
Quoting Donkey
agree with atc....WOW.

Seeing how you use these levels as entry s/l.... Is this a scenario that would make sense to you to TT short on EURO?

That's a possibility D. . .you can see how the HCR and LCS can be an added defence line for stop losses and/or possible entries. . . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,347
  • Mar 10, 2011 8:41pm Mar 10, 2011 8:41pm
Is this one in a range or is it a good location?
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 15 KB
  • #91,348
  • Mar 10, 2011 8:51pm Mar 10, 2011 8:51pm
Quoting spookie94
Is this one in a range or is it a good location?
Here's how I see fta at 132.5 if it breaks...a little choppy so will have to be managed closely..
Attached Image (click to enlarge)
Click to Enlarge Name: wpg58.gif Size: 28 KB
  • #91,349
  • Mar 10, 2011 8:51pm Mar 10, 2011 8:51pm
Quoting Pinbar
I was waiting for something much more complicated. LOL

Yet, at the same time, I knew there was nothing more complicated.

I think you have just instilled the trust of these consolidation boxes in me and this weekend, I shall backrest them, and demo the hell out of any I see next next week. Many thanks Jarroo.

I have a quick question about the PA signal though.
Look at this GBPCAD, setup I was looking at while waiting for your reply.

Got to go out for an hour but I shall be pondering this while I am out.

Once again, Many thanks Jarroo.
Yeah that PB would be a pass. BUOB at swing highs are tough, this is a good case in point . .I would be looking for bullish PA at the HCR, 1.6175. . .which no qualifying PA was shown.
Indicators show the past. Price Action "Indicates" the future.
  • #91,350
  • Mar 10, 2011 8:59pm Mar 10, 2011 8:59pm
Quoting Pinbar
I was waiting for something much more complicated. LOL

Yet, at the same time, I knew there was nothing more complicated.

I think you have just instilled the trust of these consolidation boxes in me and this weekend, I shall backrest them, and demo the hell out of any I see next next week. Many thanks Jarroo.

I have a quick question about the PA signal though.
Look at this GBPCAD, setup I was looking at while waiting for your reply.

Got to go out for an hour but I shall be pondering this while I am out.

Once again, Many thanks Jarroo.
Have been watching the current Weekly Gbp/Cad? . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,351
  • Mar 10, 2011 9:00pm Mar 10, 2011 9:00pm
Quoting Donkey
Here's how I see fta at 132.5 if it breaks...a little choppy so will have to be managed closely..
Yeah I agree with you a little to choppy. I used a line chart on it and it was still hard to define a good FTA. I came up with a zone from 132.30ish to 132.55. Not one I'm willing to risk this close to bed time.
  • #91,352
  • Mar 10, 2011 9:04pm Mar 10, 2011 9:04pm
Hey Donkey and Atc . . you guys see this one, right? . . .

Nice clear line of Support . . I mean . .previous Support ..
Attached Image (click to enlarge)
Click to Enlarge Name: gcadd.jpg Size: 101 KB
Indicators show the past. Price Action "Indicates" the future.
  • #91,353
  • Mar 10, 2011 9:39pm Mar 10, 2011 9:39pm
Quoting fxgroup
A very interesting and usefull dicussion on gbpaud,but reading Mike's post,when said that all his tries over the years gone to simplicity,made me to see this pair into a easier perspective:small consolidation into the big consolidation.
Quoting jarroo
Nice fxg . . you can even go deeper then that . .

I got a question on "how would go deeper then that" meaning on the lower time frames. . .I thought I would use your post, fxg, for an example.

Its on the 15 min chart, which I am not advocating just showing how this material works on all TFs . . . as I have said before . .Higher Time Frames Rule!


(side note to Pb: This is what I would liked to have seen on your Gbp/Cad Weekly/ Daily example.)
Attached Image (click to enlarge)
Click to Enlarge Name: gaud15.jpg Size: 98 KB
Indicators show the past. Price Action "Indicates" the future.
  • #91,354
  • Edited 10:13pm Mar 10, 2011 9:57pm | Edited 10:13pm
Hey Jarroo,
i never tried TT but is it ok to take TT @ 1.87?if Yes,then Target would be 1.90/1.92..
Reason:Weekly Chart.
OR
should we wait for Bullish PA?
EDIT:1.8860 is also concern..so maybe that can be final target!(not shown on chart)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: enzd.gif Size: 22 KB
Click to Enlarge Name: enzd1.gif Size: 19 KB
  • #91,355
  • Mar 10, 2011 10:09pm Mar 10, 2011 10:09pm
Quoting AvanishDemo
Hey Jarroo,
i never tried TT but is it ok to take TT @ 1.87?if Yes,then Target would be 1.90/1.92..
Reason:Weekly Chart.
OR
should we wait for Bullish PA?

Its always best to wait for PA . .it is another confirmation that this level is now a Support level.

I would like to see this look like the previous post on the 15min chart . .do you see that?
Indicators show the past. Price Action "Indicates" the future.
  • #91,356
  • Edited 10:29pm Mar 10, 2011 10:16pm | Edited 10:29pm
Quoting jarroo
Its always best to wait for PA . .it is another confirmation that this level is now a Support level.

I would like to see this look like the previous post on the 15min chart . .do you see that?
Yep,nice..looks similar
Thanks!!
  • #91,357
  • Mar 10, 2011 10:20pm Mar 10, 2011 10:20pm
Quoting AvanishDemo
Yep,nice..looks similar
Thanks!!
With many traders, that's all they look for in a setup like this. No PA .(in this case Bullish PA) . . No Trade. . . pass.

Its all about being picky . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,358
  • Mar 10, 2011 10:22pm Mar 10, 2011 10:22pm
Quoting jarroo
With many traders, that's all they look for in a setup. No PA .(in this case Bullish PA) . . No Trade. . . pass.

Its all about being picky . .
n wat about ur thoughts abt PB on EURGBP?(FxPro feed)..sorry couldn't show the chart..some problem..0.8635 as target

EDIT:ENTRY @ close of the PB
  • #91,359
  • Mar 10, 2011 10:30pm Mar 10, 2011 10:30pm
Quoting jarroo
Have been watching the current Weekly Gbp/Cad? . .

Just got back and took a look at it.

So, on the daily are we looking for a further breakdown then pullback to the Highest level of support above price at the blue line, with some good bearish PA?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w.jpg Size: 95 KB
Click to Enlarge Name: d.jpg Size: 111 KB
  • #91,360
  • Mar 10, 2011 10:34pm Mar 10, 2011 10:34pm
Quoting AvanishDemo
n wat about ur thoughts abt PB on EURGBP?(FxPro feed)..sorry couldn't show the chart..some problem..0.8635 as target

EDIT:ENTRY @ close of the PB
Its not bad at all. . . .I like the story. . .but bullish PBs at swing highs can be less predicable. . . I wouldn't take a full bar loss on this one and a hard break would keep me in it.
Attached Image (click to enlarge)
Click to Enlarge Name: eg11.jpg Size: 123 KB
Indicators show the past. Price Action "Indicates" the future.
362 traders viewing now