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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

  • #92,841
  • Apr 3, 2011 12:10pm Apr 3, 2011 12:10pm
Quoting gerald87
Hi,

I've some queries which i hope somebody could help.. It's regarding the PF.. I've tried mailing to [email protected] and the 'Contact Us Form' but haven't got any reply til now.

Let's say i've filled up the application and everything, will i get immediate access to PF? If no, who can i contact?

Regards
Gerald
From memory I got immediate access to the PF after completing all the details.
I just checked my emails. I got an email welcoming to the site with my username and password. This was before I got the email for the fee payment.
So yes you should get immediate entry.
  • #92,842
  • Apr 3, 2011 4:02pm Apr 3, 2011 4:02pm
right. More parabolic move offers steep price with higher tendency of reversing since legs up need to be covered with shorter legs down :nerd:

Most of the gaps(not real gaps, but steep price movement with no covering retracements) tend to be covered more often than nice steady move. And it works across all the board.

At the same time, well covered moved tend to break levels rather then retrace from them.

also, just 2c

Quoting Dan-FX
My view on this....
  • #92,843
  • Apr 3, 2011 4:44pm Apr 3, 2011 4:44pm
Quoting arsa
right. More parabolic move offers steep price with higher tendency of reversing since legs up need to be covered with shorter legs down :nerd:

Most of the gaps(not real gaps, but steep price movement with no covering retracements) tend to be covered more often than nice steady move. And it works across all the board.

At the same time, well covered moved tend to break levels rather then retrace from them.

also, just 2c
If I've understood you correctly I would agree and between us we nearly have a nickel
  • #92,844
  • Apr 3, 2011 6:20pm Apr 3, 2011 6:20pm
Quoting six gun
From memory I got immediate access to the PF after completing all the details.
I just checked my emails. I got an email welcoming to the site with my username and password. This was before I got the email for the fee payment.
So yes you should get immediate entry.
Thanks a lot.. I hope the process will be smooth..
  • #92,845
  • Apr 3, 2011 7:43pm Apr 3, 2011 7:43pm
Hi jarroo

In terms of HCR & LCS, does this daily PB good to take?
PB off 1.3700 Previous DHCR turned into WLCS, also a RN, with confluence of 50% fib and 150 ema, also a retest of long term TL.

If so, where is your FTA? Blue line is very close.
Thank you
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  • #92,846
  • Apr 3, 2011 8:09pm Apr 3, 2011 8:09pm
Quoting Pinbar
Glad to hear you now have your own spot on the PF.

I am sure you will enlighten many people there and be appreciated equally as you are in this thread. Good for you my friend.
Congrats, Jim
You should have been there a loong time a go
I'll see you there as soon as i can afford the PF
Hope you'll still have time here on the public thread
  • #92,847
  • Apr 3, 2011 8:23pm Apr 3, 2011 8:23pm
Quoting arsa
right. More parabolic move offers steep price with higher tendency of reversing since legs up need to be covered with shorter legs down :nerd:

Most of the gaps(not real gaps, but steep price movement with no covering retracements) tend to be covered more often than nice steady move. And it works across all the board.

At the same time, well covered moved tend to break levels rather then retrace from them.

also, just 2c
Sorry, do you mind explaining a bit? I don't quite understood -just a newbie here. Maybe a chart will help
  • #92,848
  • Apr 3, 2011 8:51pm Apr 3, 2011 8:51pm
Fellow traders, would love to see where you would put the first, second and third trouble areas if you were to take this outside bar short.

http://3.bp.blogspot.com/-LyDyAERxY3...s%2B4-3-11.png
  • #92,849
  • Apr 3, 2011 9:02pm Apr 3, 2011 9:02pm
Hi Jaroo. Ghous , Mike Do you like it ?
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  • #92,850
  • Apr 3, 2011 9:22pm Apr 3, 2011 9:22pm
Quoting menomoo
Hi Jaroo. Ghous , Mike Do you like it ?
Hey M

I don't trade IPB so I would have to pass this one on to Ghous

Best
Mike
  • #92,851
  • Apr 3, 2011 9:30pm Apr 3, 2011 9:30pm
Quoting crusen
Fellow traders, would love to see where you would put the first, second and third trouble areas if you were to take this outside bar short.
Hey crusen, what's up. This is where I would place my first 2 zones before I passed on the setup.

-- Danny
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  • #92,852
  • Edited 9:55pm Apr 3, 2011 9:44pm | Edited 9:55pm
Nice post IF,

That was a big moment for me when someone explained price goes up simply because there are more buyers than sellers and vice versa. I feel confident in my PPZ's (or imbalances) but still having problems knowing when to enter. I never seem to see the space, all I see are trouble areas. Still studying your interpretation Congrats on seeing the light!

Poncho

Quoting Ifmyante
Thanks so much Kal.

I've pm'ed out links alot lately!

I really don't think anybody really needs them.
Just do this exercise and post your results. If you don't absolutely and completely understand everything there is to know about trading by the time you've posted your results, let me know, and we can go over it further.

Pick a chart, any chart. Open the weekly
" I can read the left side of the chart, the right side's a Bitch!
  • #92,853
  • Apr 3, 2011 10:21pm Apr 3, 2011 10:21pm
Quoting Pinbar
Glad to hear you now have your own spot on the PF.

I am sure you will enlighten many people there and be appreciated equally as you are in this thread. Good for you my friend.

Thanks Steve . .I hope all is well in China.

I will still be here as much as I can . . .

. . . .you guys can't get rid of me that easy . . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #92,854
  • Apr 3, 2011 10:58pm Apr 3, 2011 10:58pm
Quoting Be Cool
Hi jarroo

In terms of HCR & LCS, does this daily PB good to take?
PB off 1.3700 Previous DHCR turned into WLCS, also a RN, with confluence of 50% fib and 150 ema, also a retest of long term TL.

If so, where is your FTA? Blue line is very close.
Thank you
Yes that would qualify as a Weekly LCS . . right at a strong Daily PPZ level the 1.3700.

If that Daily PB breaks that blue line looks good and even the closer previous bar highs . .not much room to play with here. . .very limited space and tight traffic. If Price can cut through all that . .this baby will continue to go up.


Also to look for . . if PBT&C Below the 1.3700 PPZ level, this is a strong level and can easily revert back to Resistance . .once PBT&CB, of course . .

Notice the HCRs at these Swing Highs (Yellow) and how current Price respected them . .pretty cool. . .its helps that their Highs and Closes are at the same swing high level . . lol (Daily chart) Look for Price to respect these levels if it gets there.

On the Weekly chart, notice how Price retraced alllll the way back to the Weekly HCR and found Support once PBT&CA. . .no big surprise there.
Nice clear level on the weekly.
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Indicators show the past. Price Action "Indicates" the future.
  • #92,855
  • Apr 3, 2011 11:08pm Apr 3, 2011 11:08pm
Quoting Be Cool
Congrats, Jim
You should have been there a loong time a go
I'll see you there as soon as i can afford the PF
Hope you'll still have time here on the public thread
I'll be here Be Cool, as much as I can.
Indicators show the past. Price Action "Indicates" the future.
  • #92,856
  • Apr 3, 2011 11:22pm Apr 3, 2011 11:22pm
Quoting menomoo
Hi Jaroo. Ghous , Mike Do you like it ?

Yes that would qualify in my book . .but you would have to use a proxy High (the previous bar high) for your stop loss placement . . that would go above it. FTA would be 1300.
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Indicators show the past. Price Action "Indicates" the future.
  • #92,857
  • Apr 4, 2011 12:22am Apr 4, 2011 12:22am
Quoting Greenhaze
It looks like its time to evacuate and maybe reverse the position. This support has been sloshed(does this word even exist lol?) back and forth and i guess it lost its significance as a support. BTW AU had 11th day with higher close but pinbarish today. Wake up Dollar!!
Quoting jarroo
Yeah I got out below the 1.6100, it just couldn't hold. Seeing what deveolps now . .although its getting kind of messy. Waiting mode.

Oh sure . .now the 1.6100 holds . . I knew it.

I guess I was too early . . which is funny because I'm usually late .. lol
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Indicators show the past. Price Action "Indicates" the future.
  • #92,858
  • Apr 4, 2011 12:36am Apr 4, 2011 12:36am
Could this be the top for AUDUSD ?
Let's watch this.
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  • #92,859
  • Apr 4, 2011 1:26am Apr 4, 2011 1:26am
Quoting ts63
Could this be the top for AUDUSD ?
Let's watch this.
What's your target? It looks pretty close.
Indicators show the past. Price Action "Indicates" the future.
  • #92,860
  • Apr 4, 2011 1:32am Apr 4, 2011 1:32am
chart
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