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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

  • #91,481
  • Mar 11, 2011 11:48pm Mar 11, 2011 11:48pm
are the JPY pairs still tradable because of the earthquake?
  • #91,482
  • Mar 12, 2011 12:15am Mar 12, 2011 12:15am
http://my.jetscreenshot.com/5886/m_2...1thf-139kb.jpg
  • #91,483
  • Mar 12, 2011 12:24am Mar 12, 2011 12:24am
Quoting menomoo
Can I just point out the INSIDE BAR on weekly in the making !!!

I think it is worth while to think over , dont you ?

No, I don't think it's anything significant...

Here is a what a significat weekly IB looks like in my opinion:

(notice how tightly it wound up compared the one we see on E/J now?)
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Many choose unhappiness over uncertainty.
  • #91,484
  • Mar 12, 2011 1:09am Mar 12, 2011 1:09am
http://my.jetscreenshot.com/5886/m_2...p5ej-118kb.jpg
  • #91,485
  • Mar 12, 2011 2:48am Mar 12, 2011 2:48am
Quoting Dan Gilbert
No, I don't think it's anything significant...

Here is a what a significat weekly IB looks like in my opinion:

(notice how tightly it wound up compared the one we see on E/J now?)
As much as I realise that , just wanted to bring to your attention that either way it is IMPORTANT IB.

My reasons following :

A- Previous weekly bar closed above resistance but week close , might mean that price going back into consolidation box.

B- Price is gaining momentum to truly break out upwards form this box...

So time will tell I suppose...

Best

V
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  • #91,486
  • Mar 12, 2011 2:49am Mar 12, 2011 2:49am
Let's see how react at these levels !
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Nothing personal,just business
  • #91,487
  • Mar 12, 2011 2:55am Mar 12, 2011 2:55am
Quoting DBallerz
are the JPY pairs still tradable because of the earthquake?
If you know how to use that fact then yes , they are tradable.
  • #91,488
  • Mar 12, 2011 3:20am Mar 12, 2011 3:20am
Quoting Greenhaze
If you know how to use that fact then yes , they are tradable.
I guess it makes sense. Everything is based on support/resistance and major disasters such as earthquakes, interest rates and unemployment claims just move us faster through the area. Especially on the lower time frames.
  • #91,489
  • Mar 12, 2011 5:23am Mar 12, 2011 5:23am
Quoting Pinbar
Thanks FX.

Appreciate it.
Hey PB,

Been out of action for a while, stopped over HK en-route to Europe. Good to know your held out ok.

Thoughts are with other Japanese forum members and Japan itself.
  • #91,490
  • Mar 12, 2011 5:24am Mar 12, 2011 5:24am
HI
It's when such devastation happens like this in Japan that you hope the countries throughout the world all just get to Japan and Help the people there very quickly.
Damien
  • #91,491
  • Mar 12, 2011 5:26am Mar 12, 2011 5:26am
Quoting DBallerz
I guess it makes sense. Everything is based on support/resistance and major disasters such as earthquakes, interest rates and unemployment claims just move us faster through the area. Especially on the lower time frames.
You can add exploding nucelar power plants, as one has just melted down & exploded.

And this isn't the only in that is in trouble.
  • #91,492
  • Mar 12, 2011 5:36am Mar 12, 2011 5:36am
Quoting damien100
HI
It's when such devastation happens like this in Japan that you hope the countries throughout the world all just get to Japan and Help the people there very quickly.
Damien
Same here. The people of Japan are in my prayers.
"Don't trade to trade . . . trade to win." - James16
  • #91,493
  • Mar 12, 2011 6:16am Mar 12, 2011 6:16am
I like this setup very much.
FTA is the red line.
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  • #91,494
  • Mar 12, 2011 8:54am Mar 12, 2011 8:54am
Hey DB

Very important that you spot FTA close, good job

Here was my chart
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  • #91,495
  • Mar 12, 2011 9:03am Mar 12, 2011 9:03am
Quoting jarroo
Your hcr2 is hanging tough as seen on the Hourly.


Gotta go

Later

Jim
It took a bit, but we got a daily close above HCR2- now it could be a support area.
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  • #91,496
  • Mar 12, 2011 9:33am Mar 12, 2011 9:33am
something for your checklist for the next week. a big wedge forming on bios. this chart is weekly timeframe.
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meine augen sind die sterne
  • #91,497
  • Mar 12, 2011 10:56am Mar 12, 2011 10:56am
will put this on my watchlist, too. a break of the 33 usd would be interesting for longs. volume is on the rise in the last weeks; indicating a break to the upside. bkh on weekly.
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meine augen sind die sterne
  • #91,498
  • Mar 12, 2011 11:59am Mar 12, 2011 11:59am
Dan Gilbert(inside bar man) or any comments welcomed from all others....I suck at inside bars...but always looking to learn....any thoughts on this ...where's price going?
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  • #91,499
  • Mar 12, 2011 12:16pm Mar 12, 2011 12:16pm
Quoting Pinbar
I think that is where I am going wrong, I am looking all over the place at the consolidation, inside it and outside it.

Let me think.


EDIT: Ok, this may be a bit tainted now, as I have seen your chart.
But, I can see the HLR and the area where PBT&CA and found support which is the current area we are going to be looking for bullish PA or a break through and pullback to for bearish PA?

Quoting Pinbar
I am on high ground....They showed tv images of Ibargi with cars floating away like boats.

Thanks for all the support people.

Wow . .a charts tells more than a thousand words. Your chart did the same thing before . .when was it? a few days ago . .

Glad to see your doing ok, Steve . .God bless you, buddy. . . be safe .

The video coming out of Japan is incredible . .wow.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #91,500
  • Mar 12, 2011 12:21pm Mar 12, 2011 12:21pm
Quoting AvanishDemo
closed the trade in between..i agree with u

Sometimes you gotta trust the story . .but there's nothing wrong with being picky. You'll never hear the seniors say, "you're being too picky "..


Quoting jarroo
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.
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Indicators show the past. Price Action "Indicates" the future.
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