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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

  • #92,581
  • Mar 30, 2011 3:10pm Mar 30, 2011 3:10pm
Quoting trader3000
has anyone this buob on his watchlist?
This is not a BUOB, the present bar has only just started. Nearly every bar will be inside the previous one if the previous bar has wicks.
  • #92,582
  • Mar 30, 2011 3:14pm Mar 30, 2011 3:14pm
Quoting six gun
This is not a BUOB, the present bar has only just started. Nearly every bar will be inside the previous one if the previous bar has wicks.
this one
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  • #92,583
  • Mar 30, 2011 3:14pm Mar 30, 2011 3:14pm
[quote=Dan-FX;4510721]Has anyone covered this yet?

Im watching it also and like it. Will wait how it closes tho.
  • #92,584
  • Mar 30, 2011 3:16pm Mar 30, 2011 3:16pm
Quoting six gun
@aserbfx.

I see you post a lot of stocks. I spread bet with GFT and there are plenty of stocks to go for - never counted them all but there will be 100's.
The things that has put me off is get at the charts so I can scan them for nice set ups but also the spreads always seems to high.

Are you getting your charts off your platform?
Also what are your prices like?

Example Coca Cola Enterprises (CCE) has a buy buy price at 2737.0 and sell 2730.1.

Boeing Corp has a buy of 7384.0 and sell 7377.1.

How does that compare for you?
100's?! i am gonna to check out gft ...
i am using gci for my mt4-charting. they have a lot of european and us-stocks. additionally i take freestockcharts.com for the other stocks.
i trade only the "real stocks" via interactive brokers, no cfds.
price vary,yes. so for daily charts, always re-check with the stock exchange price to confirm your setup.
sorry, cannot compare prices now, cuz i have already closed my platform.
maybe tomorrow, if you like.
p.s. as far as coca-cola is concerned: there are two stocks, ko for coca-cola (the main stock) and cce for the enterprise.
meine augen sind die sterne
  • #92,585
  • Mar 30, 2011 3:19pm Mar 30, 2011 3:19pm
Quoting jarroo
Interesting Ifmy . . . What is an imbalance?
Hi Jim,

This is just another name for something you've known for years. It's our FTA, it's the double top, the double bottom.
There are people using the concept for scalping and for carrying, with very low risk and potentially high reward.

Here's the first chart I opened. I didn't cherrypick

Best

If
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  • #92,586
  • Mar 30, 2011 3:23pm Mar 30, 2011 3:23pm
Quoting jarroo
The battle continues . .
I was watching this one for a H&S breakout a couple of weeks ago.

Looks like it might be bouncing off an upper trend channel now though...
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Anything can happen.
  • #92,587
  • Mar 30, 2011 3:24pm Mar 30, 2011 3:24pm
Quoting Ifmyante
Hi Jim,

This is just another name for something you've known for years. It's our FTA, it's the double top, the double bottom.
There are people using the concept for scalping and for carrying, with very low risk and potentially high reward.

Here's the first chart I opened. I didn't cherrypick

Best

If
Quoting Ifmyante
Hi all,
I've hardly posted lately because I've been doing a lot of study on Supply and Demand imbalances (I met another great group of traders who fleece the market with their method).

I've been looking for a way to incorporate this into my own J16 trading method, and this morning, while in DD on my AUD/CAD BUOB long position, I found a perfect way.

Pros:
It halves the headache of DD
You don't lose a full position on a full bar loss
It offers (in this case anyway) another (low risk) entry on a retracement.

Cons:
It halves your profit if you...


Hey Michael. Yeah I just read your other post. An imbalance of supply and demand. . . or basically a PPZ level, the point where Resistance and Support meet.

I like it ..


I see you're liking the previous High and Lows of Outside Bars . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,588
  • Mar 30, 2011 3:27pm Mar 30, 2011 3:27pm
Quoting trader3000
this one
Me too, don't like it. As I see it is "locked" in that box. If it only could close above it I think it could have been tradable. I mean price is clearly consolidating, and we don't see a breakout. Just BUOB within this consolidation.
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  • #92,589
  • Mar 30, 2011 3:31pm Mar 30, 2011 3:31pm
Quoting ddinnov
I was watching this one for a H&S breakout a couple of weeks ago.

Looks like it might be bouncing off an upper trend channel now though...

Looks like a weekly bullish flag pattern . .could be breaking to the upside or the flag could continue. . I'll be watching. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #92,590
  • Mar 30, 2011 3:31pm Mar 30, 2011 3:31pm
Any thoughts abt the EURCAD tiny PB?if it closes the way its now?i only go for protruding PBs..but location seems to be real good..
dont knw if its already mentioned!
Good Trading!
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  • #92,591
  • Mar 30, 2011 3:32pm Mar 30, 2011 3:32pm
Quoting aserbfx
100's?! i am gonna to check out gft ...
i am using gci for my mt4-charting. they have a lot of european and us-stocks. additionally i take freestockcharts.com for the other stocks.
i trade only the "real stocks" via interactive brokers, no cfds.
price vary,yes. so for daily charts, always re-check with the stock exchange price to confirm your setup.
sorry, cannot compare prices now, cuz i have already closed my platform.
maybe tomorrow, if you like.
p.s. as far as coca-cola is concerned: there are two stocks, ko for coca-cola (the main...
Yeah loads and loads of stocks - Hong Kong, US, UK, Australia, all over Europe....
There are EFT's but the rest are real stocks.
Yeah I have CCE and KO on the platform.

The spread is wider than the normal bid/offer but the thing is you can short as easily as go long which isn't the case usually.

There is a good number of commodities on the platform as well but the spreads are too much in most cases. You should never have to make a decent move to cover the broker's slice.

There is some good money to be made in stocks especially when you can short but the platform doesn't have a function where you can scroll through a lot of them easily. So to be able to scroll through the stock charts and then go back to the platform to trade would be cool. It is easy to miss trading opportunities with Forex let alone a load of stocks as well.
  • #92,592
  • Mar 30, 2011 3:33pm Mar 30, 2011 3:33pm
Still a day to go but would you consider this monthly bar bearish PA? I know it doesn't meet pb criteria and I don't really know about IPB but to me it seems like a rejection of parity. Your thoughts?

https://lh5.googleusercontent.com/_T...dcad-mn-pb.png
  • #92,593
  • Mar 30, 2011 3:36pm Mar 30, 2011 3:36pm
Quoting AvanishDemo
Any thoughts abt the EURCAD tiny PB?if it closes the way its now?i only go for protruding PBs..but location seems to be real good..
dont knw if its already mentioned!
Good Trading!

That looks great AD .. .great story there.


gotta go

later

jim
Indicators show the past. Price Action "Indicates" the future.
  • #92,594
  • Mar 30, 2011 3:39pm Mar 30, 2011 3:39pm
Quoting jarroo
Hey Michael. Yeah I just read your other post. An imbalance of supply and demand. . . or basically a PPZ level, the point where Resistance and Support meet.

I like it ..


I see you're liking the previous High and Lows of Outside Bars . .
I'm really happy today Jim.

I'm in the CAD/CHF short, and have faith in the bar, so I'll actually be happy now to go into some DD. It'll give me lower risk entries

Thanks to you and all the other seniors here for the amazing generosity and patience you've gifted us. I for one, will repay you by trying to offer the same to others whenever I'm capable.

Let me help you now by letting you in on a secret I learned. Don't tell anyone-
Price Action indicates the future
  • #92,595
  • Mar 30, 2011 3:42pm Mar 30, 2011 3:42pm
Quoting jarroo
That looks great AD .. .great story there.


gotta go

later

jim
I like EUR/CAD as well
What do you think of CAD/CHF PB which has BRN jarroo ?
  • #92,596
  • Mar 30, 2011 3:44pm Mar 30, 2011 3:44pm
Quoting Ifmyante
I'm really happy today Jim.

I'm in the CAD/CHF short, and have faith in the bar, so I'll actually be happy now to go into some DD. It'll give me lower risk entries

Thanks to you and all the other seniors here for the amazing generosity and patience you've gifted us. I for one, will repay you by trying to offer the same to others whenever I'm capable.

Let me help you now by letting you in on a secret I learned. Don't tell anyone-
Price Action indicates the future
lol . .good one Michael.

I'm glad I could help. Keeping it simple is the other secret because it the only way it works . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,597
  • Mar 30, 2011 3:45pm Mar 30, 2011 3:45pm
Quoting Ifmyante
Hi Jim,

This is just another name for something you've known for years. It's our FTA, it's the double top, the double bottom.
There are people using the concept for scalping and for carrying, with very low risk and potentially high reward.

Here's the first chart I opened. I didn't cherrypick

Best

If
I couldn't get consistent results from entries using Seidens S&D zones, I can see the logic and in hindsight it looks amazing. What ever you can get to work for you
  • #92,598
  • Mar 30, 2011 3:50pm Mar 30, 2011 3:50pm
Quoting djmanu
I like EUR/CAD as well
What do you think of CAD/CHF PB which has BRN jarroo ?

Has the Daily bar closed yet? The 4 hour BEOB looks good. .



gotta go later


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #92,599
  • Mar 30, 2011 3:57pm Mar 30, 2011 3:57pm
Quoting Ifmyante
Hi Jim,

This is just another name for something you've known for years. It's our FTA, it's the double top, the double bottom.
There are people using the concept for scalping and for carrying, with very low risk and potentially high reward.

Here's the first chart I opened. I didn't cherrypick

Best

If
Makes sense to me! I have brought this question here some time ago. As I had a mentor who showed me this simple "Inner Pivotal S/R". He daytraded e-mini with this. And as I see your chart and the one I posted here I see that your 2nd and 3rd Kabooms happend exactly at those spots. So, thanks a lot for this info, I know exactly how to use it now, as you just clarified it to me!

Here is that chart. I was asking that the INSIDE hi/lo of the Swing Bar many times show great S/R potential. I think it is clear from the chart.

http://www.forexfactory.com/attachme...2&d=1290842490
  • #92,600
  • Mar 30, 2011 4:05pm Mar 30, 2011 4:05pm
Quoting Adilius07
I think it is clear from the chart.
It's unbelievable how clear it is from the chart

Jim's totally right. Keep it simple, because it is!

Simplicity is the Holy Grail
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