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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

  • #92,121
  • Mar 23, 2011 2:47pm Mar 23, 2011 2:47pm
I know it is a little messy on the left side but is it a fine BEOB?
Is this setup tradeble?
Thanks
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  • #92,122
  • Mar 23, 2011 2:53pm Mar 23, 2011 2:53pm
Is it a good area to wach?
Sorry for asking too much.....
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  • #92,123
  • Mar 23, 2011 2:53pm Mar 23, 2011 2:53pm
Quoting Panthera
So the HS was fine....I got now the BUOB thing, thanks....I had a feeling about it, but I was not sure, but now it is clear!
Thanks a lot again!
Yup! The H&S was brilliantly located at the 1.43 as the daily confirms, and that bar you took occurred off a pull back to the neckline. A BIG BEOB penetrating the neckline would have been A-W-E-S-O-M-E!

g.
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I believe . . .
  • #92,124
  • Mar 23, 2011 2:57pm Mar 23, 2011 2:57pm
Hi Ghous,

This is not a perfect BEOB but worth take a look. if it close like this i am planning to put a sell stop 10 pips below this candle. Although it is against the long term up trend.

comments please ..............
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  • #92,125
  • Mar 23, 2011 3:05pm Mar 23, 2011 3:05pm
Quoting Panthera
I know it is a little messy on the left side but is it a fine BEOB?
Is this setup tradeble?
Thanks
You correctly identified the most important factor at play here - the mess. Doesn't invalidate the setup by any means but makes it trickier for sure.

the tricky part is not getting carried away seeing a big BEOB off a good location (1.6 and the adjoining PPZ) and betting on a free fall.

We're ranging more than trending because price is finding it tough to break through hurdles of S&R and to think that it will continue to do this is wise until we see something different happen.

All eyes set on the close here, which is of prime importance in setups like these where you need to collect every possible hint of momentum.

What I'll be looking for is a hard break of the BEOB (after a strong close on it) and the 1.59 PPZ area for a shot to 1585 region...

g.
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I believe . . .
  • #92,126
  • Mar 23, 2011 3:10pm Mar 23, 2011 3:10pm
Quoting Panthera
Is it a good area to wach?
Sorry for asking too much.....
We wish everyone breaks the shackles and get going with questions. Thing is, a lot of people down there, for some reason fear participation.

those areas are good ones for sure Monika, again the kind of PA (if any) that we see at these levels is ultimately going to decide for us, right?

g.
I believe . . .
  • #92,127
  • Mar 23, 2011 3:12pm Mar 23, 2011 3:12pm
Thanks again and again!!!
I loved the word "free fall"!
I will remember it when I look at a setup!
Mónika
  • #92,128
  • Mar 23, 2011 3:13pm Mar 23, 2011 3:13pm
Quoting Panthera
I know it is a little messy on the left side but is it a fine BEOB?
Is this setup tradeble?
Thanks

this looks a nice level. break of BRN also 61.8 fib for the down move from Aug 25 to Jan 03 through BEOB
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  • #92,129
  • Mar 23, 2011 3:19pm Mar 23, 2011 3:19pm
Maybe it looks a little better if want a BUOB
Still not free fall....
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  • #92,130
  • Mar 23, 2011 3:23pm Mar 23, 2011 3:23pm
Quoting Khurr@m
Hi Ghous,

This is not a perfect BEOB but worth take a look. if it close like this i am planning to put a sell stop 10 pips below this candle. Although it is against the long term up trend.

comments please ..............
I would be worried more about the mess that we're in than the up trend,

and I would be worried even more about the fact that we're not looking at a BEOB at all. Bars that are close to what they should be just aren't good enough. To think of a bar being only a few pips away from a technically correct BEOB or PB as tradable still, is the wrong way of going about it.

We're on the lookout for convincing bars at great locations with the best chances of success as opposed to any bar that is a PA bar or looks like one.

Now for instance even if we did have a BEOB here, was it at the best of locations? At a swing high yes, but then notice the traffic we are running into created by the sideways market. Notice the camouflaged 1.62 level PPZ just underneath our hypothetical BEOB.

See all the major minor areas we are running into based off basically a nothing bar? What does that have to say about trade management for this particular trade?

We are eager to treat this as business, as a serious business and we are going to give it everything it takes to get that consistency going. Believe it or not being picky . . . extremely picky, is an essential element for consistency.

g.
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I believe . . .
  • #92,131
  • Mar 23, 2011 3:29pm Mar 23, 2011 3:29pm
Quoting ghous
I would be worried more about the mess that we're in than the up trend,

and I would be worried even more about the fact that we're not looking at a BEOB at all. Bars that are close to what they should be just aren't good enough. To think of a bar being only a few pips away from a technically correct BEOB or PB as tradable still, is the wrong way of going about it.

We're on the lookout for convincing bars at great locations with the best chances of success as opposed to any bar that is a PA bar or looks like one.

Now for instance even if we...

hmmm slowly and steadily ....... my eyes are opening
.
  • #92,132
  • Mar 23, 2011 3:30pm Mar 23, 2011 3:30pm
Quoting Khurr@m
hmmm slowly and steadily ....... my eyes are opening
Just don't stop asking questions and there's no way you're not getting a hang of this

g.
I believe . . .
  • #92,133
  • Mar 23, 2011 3:31pm Mar 23, 2011 3:31pm
touch-trade opportunity on eur/aud.
wait for price-action confirmation on the lower timeframes.
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meine augen sind die sterne
  • #92,134
  • Mar 23, 2011 3:32pm Mar 23, 2011 3:32pm
Quoting Pinbar
Got out safely, apart from the plane at the last moment before take off, slamming the brakes on and returning to the airport to fix a problem.

I am able to view this site and connect to my live account.

Thanks to all for the moral support.

Steve

Stay well , stay safe ...

Best

Vito
  • #92,135
  • Mar 23, 2011 3:49pm Mar 23, 2011 3:49pm
hey ghous i didn t really use FF forum so i can t write personal message can u please write me or give me any contact to u ? i wanna contact u long time but i cant find a way how to do it
  • #92,136
  • Mar 23, 2011 3:50pm Mar 23, 2011 3:50pm
maybe this is one of the reason? though don't appreciate exactly what PBT/CA stands for. usually I hate breakout, so many false break, account killer, this is one of the reason I can not trade PA well, you know breakout is the confirmation of PA setup, this is really annoying

Quoting minos.niu
Hi all,

Any comments on this PBT/CA? It looks like a good bullish pattern but failed. I couldn't find a helpful thread on this price break through pattern. Can any one show me some tutorials? Thanks!
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  • #92,137
  • Mar 23, 2011 3:53pm Mar 23, 2011 3:53pm
Quoting aserbfx
screening the russel, i found loop on weekly approaching the upper resistance of the recatangle. price is stalled here since about one year. stock has ample space above ~ 13.10 usd.
missed that beautiful breakout. what a pity.
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meine augen sind die sterne
  • #92,138
  • Mar 23, 2011 3:57pm Mar 23, 2011 3:57pm
Hi All

I wonder what say to these bers here? Are they worthy set ups?
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Kind Regards zol
  • #92,139
  • Mar 23, 2011 3:58pm Mar 23, 2011 3:58pm
hello, brather senior, that's right, chinese characters are more a drawing stuff, rather than spelling, i wish could inherit the ability of processing images, good for tape reading, unfortunately, it seems i couldn't take advantage of such begiven( do i use the correct word? sorry for my poor english), this is really a sad thing. happy trading





Quoting supremeChaos
hello fellow Asian,
regardless of what you two are talking about...
im sure u know that Chinese words/characters are very difficult to express in words ("spell") so that others would understand.
unlike English words, which only got [usually] 1 (or sometimes 2 or 3) spelling/s.... Chinese words/characters' "spellings" are subjective.


no problem.. as long as u are aware of potential humps/roadblocks along the way... like in your chart, 11800 - 11830 area
  • #92,140
  • Mar 23, 2011 4:03pm Mar 23, 2011 4:03pm
Quoting zoli
Hi All

I wonder what say to these bers here? Are they worthy set ups?
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Hey Zoli

Eurchf- remember James teaches us to find these bars at a swing low, this is up at a swing high and a tiny bar. This means a lot of traffic

nzd/usd- technically not a pinbar cause price couldn't close within the prior bar. This can show weakness(the weak close that is). Notice your blue line of horizontal support and resistance, great line. But imagine that bar closed above that line and all those prior lows/highs. That would change the setup completely

Hope that helps
Mike
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