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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

  • #92,861
  • Edited 2:01am Apr 4, 2011 1:36am | Edited 2:01am
Hi,

I posted some thoughts on the JPY pairs yesterday. I would be interrested in your comments on those.

Many thanks

http://www.forexfactory.com/showpost...ostcount=12175

http://www.forexfactory.com/showpost...ostcount=12176

EDIT: My apology to post here like this. I arrange with James privetly, please ignore.
Kind Regards zol
  • #92,862
  • Apr 4, 2011 1:43am Apr 4, 2011 1:43am
i feel kinda dirty when i leave my chart thread.

send me an email and we will talk about it.

Quoting zoli
Hi,

I posted some thoughts on the JPY pairs yesterday. I would be interrested in your comments on those.

Many thanks

http://www.forexfactory.com/showpost...ostcount=12175

http://www.forexfactory.com/showpost...ostcount=12176
  • #92,863
  • Apr 4, 2011 1:59am Apr 4, 2011 1:59am
Quoting james16
chart
wow, what a very nice surprise
glad to see u drop by, Sir Jim
  • #92,864
  • Apr 4, 2011 2:22am Apr 4, 2011 2:22am
Quoting zoli
Hi,

I posted some thoughts on the JPY pairs yesterday. I would be interrested in your comments on those.

Many thanks

http://www.forexfactory.com/showpost...ostcount=12175

http://www.forexfactory.com/showpost...ostcount=12176

EDIT: My apology to post here like this. I arrange with James privetly, please ignore.

Well there's your problem, zoli . .you posted your charts on the wrong thread.

What pair do you want to look at first?
Indicators show the past. Price Action "Indicates" the future.
  • #92,865
  • Apr 4, 2011 2:29am Apr 4, 2011 2:29am
how are you supreme old buddy?



Quoting supremeChaos
wow, what a very nice surprise
glad to see u drop by, Sir Jim
  • #92,866
  • Apr 4, 2011 2:31am Apr 4, 2011 2:31am
chart
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  • #92,867
  • Apr 4, 2011 2:37am Apr 4, 2011 2:37am
Quoting jarroo
Well there's your problem, zoli . .you posted your charts on the wrong thread.

What pair do you want to look at first?
Thanks Jaroo

Noted, comprehenden.

As to your question, let us look at AUDJPY please. I would leave the rest for now. They have very similar post earthquake price action.

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Kind Regards zol
  • #92,868
  • Edited 3:07am Apr 4, 2011 2:38am | Edited 3:07am
Quoting jarroo
Well there's your problem, zoli . .you posted your charts on the wrong thread.

What pair do you want to look at first?
The Usd/Jpy is at strong PPZ level . .the 84.00, and is currently acting as strong Resistance.

Price was trying break through this level . . .if it does break through and close above the 84.00, we can look for this level to act as Support and look for Bullish PA.

If it fails to close above the 84.00 it means that its still acting as Resistance , so Bearish PA is what we look for now . .with the Bearish PA's Close below the 84.00.
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Indicators show the past. Price Action "Indicates" the future.
  • #92,869
  • Apr 4, 2011 2:49am Apr 4, 2011 2:49am
Quoting poncho1
all I see are trouble areas.
So, you can see where price is going to go.
That's not a bad thing, is it?
  • #92,870
  • Apr 4, 2011 2:49am Apr 4, 2011 2:49am
Quoting zoli
Thanks Jaroo

Noted, comprehenden.

As to your question, let us look at AUDJPY please. I would leave the rest for now. They have very similar post earthquake price action.

Attachment
Sure thing zoli . . give me a second.
Indicators show the past. Price Action "Indicates" the future.
  • #92,871
  • Apr 4, 2011 2:50am Apr 4, 2011 2:50am
Quoting james16
how are you supreme old buddy?
doing fine.. hope the same goes for u.
thanks for the charts!
  • #92,872
  • Edited 3:15am Apr 4, 2011 3:02am | Edited 3:15am
Quoting zoli
Thanks Jaroo

Noted, comprehenden.

As to your question, let us look at AUDJPY please. I would leave the rest for now. They have very similar post earthquake price action.
I like that you're analyising the Weekly first and the Big Round Numbers, zoli . .you'll fit in here nicely my friend ..

The Aud/Jpy is at a PPZ level that is currently acting as strong Resistance at the 87.50 level.

Until Price can break through this level and close above it on the Daily and/or Weekly . .I view this level a strong Rresistance and look for possible bearish PA.

So this means that if Price moves above the 87.50 but still can't close above it . .its still a Resistance level. So a nice looking PB with its close below the 87.50 would be great at this level.

The 90 looks like a strong level as well. . . but I would need more of a story at the 87.50 to just enter and "hope" it gets to the 90.00. What I mean about a "story" at the 87.50 would be that it Price breaks through the 87.50 convincingly and closes above it . .thus turning this strong Resistance level into a strong Support level . .that would give me something to go on to reach the 90.00.

You follow me here, zoli?
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Indicators show the past. Price Action "Indicates" the future.
  • #92,873
  • Apr 4, 2011 3:12am Apr 4, 2011 3:12am
Quoting james16
chart
I'm beginning to understand these guys that only take one or two trades a year . . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,874
  • Apr 4, 2011 3:19am Apr 4, 2011 3:19am
Holy Smokes . . .11,000. . . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,875
  • Apr 4, 2011 3:21am Apr 4, 2011 3:21am
Quoting jarroo
I like that your analyising the Weekly first and the Big Round Numbers, zoli . .you'll fit in here nicely my friend ..

The Aud/Jpy is at a PPZ level that is currently acting as strong Resistance at the 87.50 level.

Until Price can break through this level and close above it on the Daily and/or Weekly . .I view this level a strong Rresistance and look for possible bearish PA.

So this means that if Price moves above the 87.50 but still can't close above it . .its still a Resistance level. So a nice looking PB with its close below the 87.50...
Jarroo,

Thanks for your post, enjoyed reading it.
Yes, I see your point. It makes a lot of sence. After this big up move the past weeks, I see also this current level as a barrier of some sort. The supply at this level needs to be removed in order to free the way for higher prices.
That is a main reason I do not long it here at all. Also, I understand what you say about short opportunity. Yes, at this moment it is rather short than long, but with no PA ATM I do nothing either.

Lately I see my old ideas of getting 4-6 or 20-30 pips out of the market as my ultimate goal per trade quite short sighted. The markets have a muh bigger scale than that.
Kind Regards zol
  • #92,876
  • Apr 4, 2011 3:24am Apr 4, 2011 3:24am
Quoting fx_rookie
there were several posts for eurcad on daily, I will add my D1 chart and one more on 12H.
I look at lower frames at the moment to precise my entry. on 2H nice PB on 38 Fib Ret.
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  • #92,877
  • Apr 4, 2011 3:24am Apr 4, 2011 3:24am
Quoting james16
chart
I was wondering if i am into some older posts when i saw JAMES16 posting on the thread..
wat a surprise...my first post to Him!!
Nice to see You!
  • #92,878
  • Apr 4, 2011 3:34am Apr 4, 2011 3:34am
Quoting AvanishDemo
I was wondering if i am into some older posts when i saw JAMES16 posting on the thread..
wat a surprise...my first post to Him!!
Nice to see You!
I've never been in the thread at the same time as Jim either.

Feels like the prophet of our religion is breaking bread with us!

Let me take this opportunity to humbly thank James16 for turning my equity curve around
  • #92,879
  • Apr 4, 2011 3:38am Apr 4, 2011 3:38am
I spent the last weekend with watching the free excellent videos on J16 website -and want to thank you all for such a great thread.

I'm planning on joining PF end of May, after my return of an extended business trip back to Europe.

I'm trying to get familiar with J16 method and shorted EURCHF H4 on the break of the BEOB.


Cheers
Andreas
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  • #92,880
  • Apr 4, 2011 3:39am Apr 4, 2011 3:39am
Quoting zoli

Lately I see my old ideas of getting 4-6 or 20-30 pips out of the market as my ultimate goal per trade quite short sighted. The markets have a muh bigger scale than that.
It sure is short sighted, zoli . .especailly when you're looking at the Weekly. We just need some good solid PA at the right level or at a Swing High or Low and ride it to the mooon.

I gotta go for now

later gang,

Jim
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Indicators show the past. Price Action "Indicates" the future.
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