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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

  • #91,681
  • Mar 15, 2011 2:40pm Mar 15, 2011 2:40pm
Quoting AvanishDemo
ok..heres the look..i plotted some C-boxes & Swing highs n lows..and accordingly i marked HCR-LCS..have a look!
Looks great, AD.

Looks like we may get a Daily close above the 1.62 Weekly HCR. Notice the 150 ema confluence. . .does this sound familar . .
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Indicators show the past. Price Action "Indicates" the future.
  • #91,682
  • Mar 15, 2011 2:42pm Mar 15, 2011 2:42pm
One more that looks like a similar story - Closing above the HCR. Close just peaking above the 150 EMA

Regards
Ganesh
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  • #91,683
  • Mar 15, 2011 2:44pm Mar 15, 2011 2:44pm
Quoting jarroo
Looks great, AD.

Looks like we may get a Daily close above the 1.62 Weekly HCR. Notice the 150 ema confluence. . .does this sound familar . .

The 1.6180 is not the Highest Close of Resistance but it is up there as a Close level. . .I wouldn't ignore it . .good place to hide a stop loss under . .
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Indicators show the past. Price Action "Indicates" the future.
  • #91,684
  • Mar 15, 2011 2:52pm Mar 15, 2011 2:52pm
Quoting slade1986
Any thoughts on the IPB on E/U Daily? If it closes as is..

Off the VBRN
I like it slade but my only concern would be that bar high. If the High of the IPB was the only High . . I would like it alot more. You could use it as a proxy high but its risky.
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  • #91,685
  • Mar 15, 2011 2:54pm Mar 15, 2011 2:54pm
Quoting ksganesh100
Jarroo - Was about to draw your attention to it but you beat me to it

Dint play this one as we dint get any PA around that level. This rocket left without me in it!

Yeah . .I know what you mean . .its still good to see them work out . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,686
  • Mar 15, 2011 2:56pm Mar 15, 2011 2:56pm
Quoting ksganesh100
One more that looks like a similar story - Closing above the HCR. Close just peaking above the 150 EMA

Regards
Ganesh
I beat you to that one too . . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,687
  • Mar 15, 2011 2:58pm Mar 15, 2011 2:58pm
Quoting jarroo
I beat you to that one too . . .
Second to you...You kidding, will take that any day!
  • #91,688
  • Mar 15, 2011 3:11pm Mar 15, 2011 3:11pm
Quoting taub
I got long on one of the breaks of the doubletops, and exited after that last double top formed. I didn't know why, but I just had this gut feeling to close it, looking closer at it I tried to examine some of the differences, why I felt confident on buying the breaks, whereas on the last one I felt it was turning.
Here is a picture and my thoughts:
http://www.abload.de/img/differences2xadr.gif

I think it is quite fascinating how much of this comes instinctively after much screen time without really thinking about it.

Looks good taub.

Here's what I see ..
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Indicators show the past. Price Action "Indicates" the future.
  • #91,689
  • Mar 15, 2011 3:16pm Mar 15, 2011 3:16pm
Quoting Ifmyante
Lots of significant happenings with EURCAD today. It seems to have reentered a massive area of consolidation (I didn't box it, but you'll see it on the monthly), and it would be nice to find a way to get in on the ground floor.

Even if it just gets to 1.4226(Red line, monthly resistance), how bad would that be?

Now, what am I missing?
Not a thing . .looks good . .
Indicators show the past. Price Action "Indicates" the future.
  • #91,690
  • Mar 15, 2011 3:20pm Mar 15, 2011 3:20pm
Just some areas I'm interested in for the rest of the week. Don't usually look at the monthly but that's hell of a pivot on the AUDNZD, I'll just watch that one..

SG
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  • #91,691
  • Mar 15, 2011 3:28pm Mar 15, 2011 3:28pm
Quoting Sgrb1
Just some areas I'm interested in for the rest of the week. Don't usually look at the monthly but that's hell of a pivot on the AUDNZD, I'll just watch that one..

SG

Great charts, SG .. . . I'll be watching and waiting .
Indicators show the past. Price Action "Indicates" the future.
  • #91,692
  • Mar 15, 2011 3:31pm Mar 15, 2011 3:31pm
Quoting slade1986
Any thoughts on the IPB on E/U Daily? If it closes as is..

Off the VBRN
Well, what do you know . .. . . no surprise, right ghous . .
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Indicators show the past. Price Action "Indicates" the future.
  • #91,693
  • Mar 15, 2011 3:38pm Mar 15, 2011 3:38pm
Just put a demo long order in on the retrace of daily BUOB on EG. Continuation out of reverse H-N-S looking consolidation.
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  • #91,694
  • Mar 15, 2011 3:39pm Mar 15, 2011 3:39pm
Quoting Pinbar
I am trying but, I can't get a visa to go to China as I have only 2 months left on my passport. The British embassy in Japan has stopped issuing pasports and they say, I have to apply to HK and wait 6 weeks.
i want to go to China with my wife but these idiots, at the embassy refuse to extend my passport and say, 'your wife can go to China and you can go to England. Yeah, sure. the British embassy used to be helpful, now they are idiots. For what they call "Security measures" all Brits in Asia now have to send their passport requests to Hong Kong,...
That sounds crazy, Steve . .hang tough buddy and be safe.
Indicators show the past. Price Action "Indicates" the future.
  • #91,695
  • Mar 15, 2011 3:39pm Mar 15, 2011 3:39pm
Thanks for replying Jim.

I think EG's in a nice place right now for a small move up with the hope of a bullish flag breakout

Any thoughts?
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  • #91,696
  • Mar 15, 2011 3:52pm Mar 15, 2011 3:52pm
Quoting Donkey
Just put a demo long order in on the retrace of daily BUOB on EG. Continuation out of reverse H-N-S looking consolidation.

Looks good D. Price could not close above the .8650 which is at a strong swing High . .it finally did close above.

So this PPZ level (.8650) should now continue to act as strong Support.


I like it . .
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Indicators show the past. Price Action "Indicates" the future.
  • #91,697
  • Mar 15, 2011 4:02pm Mar 15, 2011 4:02pm
Quoting Ifmyante
Thanks for replying Jim.

I think EG's in a nice place right now for a small move up with the hope of a bullish flag breakout

Any thoughts?

That looks like a great plan there, Ifmy. If we can get a Weekly Close above the Monthly HCR . .there's a good chance we could see more upward movement . .we could see . .9000.
Indicators show the past. Price Action "Indicates" the future.
  • #91,698
  • Mar 15, 2011 4:34pm Mar 15, 2011 4:34pm
It's going to be interesting to see how it deals with the descending trendline.

Quoting jarroo
That looks like a great plan there, Ifmy. If we can get a Weekly Close above the Monthly HCR . .there's a good chance we could see more upward movement . .we could see . .9000.
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  • #91,699
  • Mar 15, 2011 4:55pm Mar 15, 2011 4:55pm
Quoting mbqb11
for sure bud

You are right most people should sit out , cause they just see crazy action and try to jump on the train. You have to remain rational in your thinking or you just join the irrational who get pummeled.

Solid advice is always stay out when in doubt

Mike
Also, FWIW, that daily GJ PB was trading right into a weekly PPZ around 132.75. So my logic would be that price has already made the move it was going to and stopped at the PPZ. Just my 2 cents.

Carry on...

Simon
  • #91,700
  • Mar 15, 2011 5:29pm Mar 15, 2011 5:29pm
Didn't trade it been busy with other stuff...been sitting on the bench....

Thinking of you Steve(PB) and wishing you the best and that all will be well.
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