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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

  • #93,561
  • Apr 13, 2011 12:32pm Apr 13, 2011 12:32pm
Quoting pex
comments for this pinbar?
hello pex,
good sized PB, IMHO.
but heading into &/or right at a trouble area (1.0480 area).
when is this bar gonna close?
far from the best setup.. but if u are gonna trade this, u would want to see a strong momentum price move (breaking through the 1.0480 area) towards lower 1.0400.

hope this helps a bit
  • #93,562
  • Apr 13, 2011 12:39pm Apr 13, 2011 12:39pm
Quoting supremeChaos
hello pex,
good sized PB, IMHO.
but heading into &/or right at a trouble area (1.0480 area).
when is this bar gonna close?
far from the best setup.. but if u are gonna trade this, u would want to see a strong momentum price move (breaking through the 1.0480 area) towards lower 1.0400.

hope this helps a bit
no,i didn`t take it...it helps a lot
tnx SC
  • #93,563
  • Apr 13, 2011 12:39pm Apr 13, 2011 12:39pm
I think it was something like this lol

Attached Image
  • #93,564
  • Apr 13, 2011 12:46pm Apr 13, 2011 12:46pm
Quoting dmc
I think it was something like this lol
....
hahahah
'i dont always trade, but i always drink, "A+ or not" '
  • #93,565
  • Apr 13, 2011 12:55pm Apr 13, 2011 12:55pm
Quoting menomoo
On Jaroo's request please find the update for AUD USD ))

Proudly sponsored by Jaroo

Jim , I did not take this trade neither on a small account or demo. But I was confident this would be the outcome ..

Thanks for all the help and teaching and I am on my journey to perfect it ))

Cheers V
Looking good V. . . .The higher time frames are even better when this happens . .
Indicators show the past. Price Action "Indicates" the future.
  • #93,566
  • Apr 13, 2011 1:01pm Apr 13, 2011 1:01pm
Quoting Pinbar
The GBP/CHF PB I pointed out hit its FTA.

Just trying to work this out with Jarroo's thing.
Hopefully he will correct my mistakes on this as I want to get this down.
That looks great Pb . .

It would have been better it the PB was at more of a swing High . . but the story is there as you illustrated . .nice job.
Indicators show the past. Price Action "Indicates" the future.
  • #93,567
  • Apr 13, 2011 1:20pm Apr 13, 2011 1:20pm
Quoting 5.25
Jarroo or anyone one else who is keen to share:

- This is the first IB I have traded and was wanting to clarify it's validity and my thinkings given your teachings on PBT&CA and PBT&CB.

The IB is marked in grey (Not the PB).

- I viewed the 1.3775 as a strong resistance level before price broke through it.
- Once it did, it formed an inside bar ABOVE the 1.3775 area (PBT&CA).
- I considered the probability of this level acting as SUPPORT to be very high.
- Buy order at the break of the PB, target 1.3960 or recent highs.

Thanks in advance....

That's excellent 5.25 . .that's how I would write it up . .

My concern would be the traffic or immediate targets, previous Highs and Lows (in blue) ..I would becareful to manage the trade below them.
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Indicators show the past. Price Action "Indicates" the future.
  • #93,568
  • Apr 13, 2011 1:29pm Apr 13, 2011 1:29pm
Quoting AvanishDemo
Hey 5.25 first of all nice trade!
even i wanna know if its tradable IB
i only trade IBs at:
1)Swing High with bearish CB RN
2)Swing Low with bullish CA RN.


i think i will stick with my style but still i wanna know if this was tradable IB...

Jarroo or anyone?
Very tradable AD . .the story is there . .its just that the last few chapters are a bit fuzzy . .meaning the traffic or immediate targets , previous Highs/lows . .
Indicators show the past. Price Action "Indicates" the future.
  • #93,569
  • Apr 13, 2011 1:49pm Apr 13, 2011 1:49pm
Quoting jarroo
That's excellent 5.25 . .that's how I would write it up . .

My concern would be the traffic or immediate targets, previous Highs and Lows (in blue) ..I would becareful to manage the trade below them.
Thanks for the beta Jarroo. 50% off the table, now with a trailing stop at 1.38850.

In hindsight, maybe it was better to take full profit... We'll see.
  • #93,570
  • Apr 13, 2011 1:55pm Apr 13, 2011 1:55pm
Quoting 5.25
Thanks for the beta Jarroo. 50% off the table, now with a trailing stop at 1.38850.

In hindsight, maybe it was better to take full profit... We'll see.
I don't know how many times I've said that before .. lol . .take full profit or go for the runner. I tend to go for the latter, depending on how picky I was with the trade . .for example . . if I'm in consolidation, take full profit . .if I'm coming out of consolidation, go for the runner . .
Indicators show the past. Price Action "Indicates" the future.
  • #93,571
  • Apr 13, 2011 2:08pm Apr 13, 2011 2:08pm
Hi!
I am watching this.
Only If this could close bulish....
What do you guys think about it (mainly about my FTA)?
Thanks
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  • #93,572
  • Apr 13, 2011 2:12pm Apr 13, 2011 2:12pm
Quoting Sgrb1
Quiet in here today so thought I'd just post some charts with areas of interest for PA that I'm looking at today/this week.

As always, comments/criticism appreciated

SG

Charts look great, SG ..
Indicators show the past. Price Action "Indicates" the future.
  • #93,573
  • Apr 13, 2011 2:40pm Apr 13, 2011 2:40pm
Quoting jarroo
Looking good V. . . .The higher time frames are even better when this happens . .
Thanks J, just testing the knowledge on lower time frames and look how I would manage a trade and yes higher time frames definetely the way to go for sure...

looks like Gbpusd stuck in the zone for now and working to have an DIB ?

Cheers

V
  • #93,574
  • Apr 13, 2011 3:17pm Apr 13, 2011 3:17pm
Anyone looking at the GBP/JPY IBP?

At quite a nice location with some good space to run a good 100-200 pips..
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Anything can happen.
  • #93,575
  • Apr 13, 2011 3:18pm Apr 13, 2011 3:18pm
Quoting aserbfx
this puppy exploded and even touched the 100 usd. the rising voulme announced the breakout.
i didn't traded it, unfortunately.
after about two months in a sideways market, vfc regained (?) power to break and close above the 100 usd. breakout happend in the last 5 min of the trading day on ultrahigh volume. the only thing that is suspicious is that the daily volume on this breakout is below average.
daily chart vfc
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meine augen sind die sterne
  • #93,576
  • Edited 4:58pm Apr 13, 2011 3:59pm | Edited 4:58pm
Quoting ddinnov
Anyone looking at the GBP/JPY IBP?

At quite a nice location with some good space to run a good 100-200 pips..
Hi ddinnov,

I personally would take the IBP if it appeared at 135.50 where we have our previous highs prior breaking the 135 mark I know we are talking about PPZ which are zones not exact price but for IPB I would need to be sitting at the 135.50 .. my FTA will be at 137.70

It could work..but its not a trade I will take.
Os.
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Trade Smart
  • #93,577
  • Apr 13, 2011 4:17pm Apr 13, 2011 4:17pm
just 1 thing lacking... and it will be clear soon
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  • #93,578
  • Apr 13, 2011 5:55pm Apr 13, 2011 5:55pm
Quoting Panthera
Hi!
I am watching this.
Only If this could close bulish....
What do you guys think about it (mainly about my FTA)?
Thanks
hello,
small PB, with a bearish close.
bullish PBs should ideally have bullish closes.

FTA could be the the wick lows (4th/5th candle back) around 1.3370area.
if price stays above 1.33, i think it may have a chance to hit this area.
  • #93,579
  • Apr 13, 2011 8:01pm Apr 13, 2011 8:01pm
GBPNZD has dropped pretty sharply since Mid March highs...it looks like the bearish momentum has slowed a small bit, thanks in part to previous consolidation at 2.1000.

I think 2.0500 is a great spot to watch for PA...
1. BRN
2. PPZ
3. 78.6 retracement
4. Space
5. Edit: to add hidden bullish divergence.

A Pinbar with nice test of orders below the BRN would be nice. A daily close below 2.0500 and there's room to 2.000. Now to wait....
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  • #93,580
  • Apr 13, 2011 9:41pm Apr 13, 2011 9:41pm
Quoting PhAnTi'
yep. but price levels on the right doesnt work like yours? hmmm : /

its activtrades.

150 at close.
scarry.

You have to set the Sweetspots gold indicator I modified to a 4 digit broker and maybe play around with the shift lines number.

My broker uses 5 digits so, it is set in increments of 1000, if you have a 4 digit broker just change 1000 to 100.
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