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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

  • #100,101
  • Aug 7, 2011 9:34am Aug 7, 2011 9:34am
Quoting PhAnTi'
disagree.

i would wait to get a better price to increase the r:r ratio, all in all my stop would be below 8600.

....EMAs dont give any support...

supply and demand define prices.
demand？didnt the bounce be called demand area at 365ema on daily chart ???
A chart helps those who can read it.
  • #100,102
  • Edited 9:08pm Aug 7, 2011 12:00pm | Edited 9:08pm
Quoting AvanishDemo
i was waiting for BUOB to CA Swing Point..i marked..so not an A+ Buob for me.
we are not speaking anything new right Jarroo? (1st chart)
nice to see u dropping by.




TOTALLY agree with u GH..
im also looking for the 1.74 level...nice Blue C-box..tons of support.
if price reach there..it would be good for blind sell TT confirmed with downtrend.(2nd chart)
i will be watching this area..no postions.
Hey AD .. where PA closes at these key levels sure makes the difference of where Price may go . or not go next.

I do like the Size and Location of the Weekly BUOB on the Eur/Nzd . .but where Price closed sure did not help its cause. Size and Location of PA may give Price that momentum it needs to break through Resistance, as in this case.


Take this DJIA Daily PB . .sure the relatively small size (compared to the strong move down) of this Daily PB wasn't the best to say the least. But you can see, failing to Close Above this Support level (LCS) shows this small PB didn't have a chance.
Attached Image (click to enlarge)
Click to Enlarge Name: djia07.jpg Size: 92 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,103
  • Aug 7, 2011 12:10pm Aug 7, 2011 12:10pm
Quoting bali2002
Another possibility would be a ret at the 0.86 level + BO??

You got to love those dual Swing Low points and their LCS levels lining up . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg01a.gif Size: 32 KB
Click to Enlarge Name: eurgbp04.gif Size: 33 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,104
  • Aug 7, 2011 12:48pm Aug 7, 2011 12:48pm
Hey guys,
Please comment on this possible trade:
NZDUSD 4H BUOB (or DBLHC if you want to call it)
Off to 365 ema
Nice & clear bar formation with no ambiguity
Comfortably cleared RN 84.
Clearly off to daily (yellow) & 4hourly (bluish) support.
First resistance far enough to keep stop at BE.
Worry for me is the downtrend. The trend is down for the last week. I took CHFJPY trade some days with lot of discussion on the trade here in the forum. I was wrong to take it as I was trading against the trend. When I look at daily I see retracement to 50% downwards. So I reckon it as not a major downtrend. Is it?
Trying to post chart. But couldn't as internet was too slow. Hope to get some reply. Sorry for the inconvinience caused.
Thanks,
Vinay
  • #100,105
  • Aug 7, 2011 3:00pm Aug 7, 2011 3:00pm
Quoting vinayn
Hey guys,
Please comment on this possible trade:
NZDUSD 4H BUOB (or DBLHC if you want to call it)
Off to 365 ema
Nice & clear bar formation with no ambiguity
Comfortably cleared RN 84.
Clearly off to daily (yellow) & 4hourly (bluish) support.
First resistance far enough to keep stop at BE.
Worry for me is the downtrend. The trend is down for the last week. I took CHFJPY trade some days with lot of discussion on the trade here in the forum. I was wrong to take it as I was trading against the trend. When I look at daily I see retracement to 50% downwards....
good shout, you mention downtrend, but as you can see from my pic, there is a nice current uptrend, on daily price closed above 8400 which was major important, and quite a nice clear run to next Res. See my chart if it makes it any more clearer for you.

http://i52.tinypic.com/v33n6a.jpg
  • #100,106
  • Aug 7, 2011 3:58pm Aug 7, 2011 3:58pm
Quoting geniusztc
hello,everyone . is this a A chance ?
Posted on this one on Friday. I see it as being a very good area to look for some PA. The 365 EMA, the former low and the weekly PPZ make this something that will go high on the watch list for me.
  • #100,107
  • Aug 7, 2011 4:03pm Aug 7, 2011 4:03pm
Hey guys..
we have got some huge gaps today..esp. on Euro pairs..
is it because of the US downgraded rating from AAA to AA+?

js curious guys...dont wana mix things but its fun to know by staying at sidelines..
anyone please?
  • #100,108
  • Aug 7, 2011 4:09pm Aug 7, 2011 4:09pm
Quoting AvanishDemo
Hey guys..
we have got some huge gaps today..esp. on Euro pairs..
is it because of the US downgraded rating from AAA to AA+?

js curious guys...dont wana mix things but its fun to know by staying at sidelines..
anyone please?

yes. what else should it be?
  • #100,109
  • Aug 7, 2011 4:31pm Aug 7, 2011 4:31pm
Quoting jarroo
You got to love those dual Swing Low points and their LCS levels lining up . .
hey there jarroo.

I love following your posts and have a question on this chart. How are you going to handle this particular gap? I only ask because it goes straight above your former areas of resistance that seemed to be of fairly significant importance? It still seems to be a PBT&CB scenario at the area you have marked at about .8750. Does this just stand to further strengthen that area for your trade? Thanks in advance for the answers to my numerous questions.

Ryan
  • #100,110
  • Aug 7, 2011 4:48pm Aug 7, 2011 4:48pm
Quoting AvanishDemo
Hey guys..
we have got some huge gaps today..esp. on Euro pairs..
is it because of the US downgraded rating from AAA to AA+?

js curious guys...dont wana mix things but its fun to know by staying at sidelines..
anyone please?
Would think so, volatility is great, just be patient for when the good one pops up

  • #100,111
  • Aug 7, 2011 5:34pm Aug 7, 2011 5:34pm
Quoting gungriffin
hey there jarroo.

I love following your posts and have a question on this chart. How are you going to handle this particular gap? I only ask because it goes straight above your former areas of resistance that seemed to be of fairly significant importance? It still seems to be a PBT&CB scenario at the area you have marked at about .8750. Does this just stand to further strengthen that area for your trade? Thanks in advance for the answers to my numerous questions.

Ryan
Hey Ryan, . .Damn thoses gaps!!! they mess up my Closes . . . .lol . . just kidding . .

On the Eur/Gpb, Price reacted as Resistance right where we thought it would. . from a previous Support level (LCS) . .Why? Because Price Broke Through and Close Below this Support level. So until Price can break through and Close above this level, it wil remain as Resistance.

Now if Price closes the Gap it may venture back up to this Resistance level . . then bearish PA is what I would look for at this Resistance level.

If Price goes up and close above the .8750ish level then I see this level returning to Support and bullish PA is on the watch list . on the Daily, 4 Hour and even the Hourly.

I got out of the initial bearish move once Price hit its early Daily targets.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp08.jpg Size: 103 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,112
  • Aug 7, 2011 5:44pm Aug 7, 2011 5:44pm
Anyone is looking for an order here?
Attached Image (click to enlarge)
Click to Enlarge Name: 8 aug.jpg Size: 50 KB
  • #100,113
  • Aug 7, 2011 5:57pm Aug 7, 2011 5:57pm
Quoting AvanishDemo
Hey guys..
we have got some huge gaps today..esp. on Euro pairs..
is it because of the US downgraded rating from AAA to AA+?

js curious guys...dont wana mix things but its fun to know by staying at sidelines..
anyone please?
yup,

nut please dont trade the gaps,

gaps are 100 % virtual, theres no logic behind
Hero calls followed by margin calls...
  • #100,114
  • Edited 6:10pm Aug 7, 2011 5:57pm | Edited 6:10pm
Quoting AQs
Anyone is looking for an order here?
Hey AQ . .I like the 1.0442 . .strong Support level. Technically, Price broke through and Closed Below this Support level on Friday by 2 pips, 1.0440 . .so technically the 1.0442 short is a valid entry . .but I like to see a stronger close below.

Price could easily move up and close above the 1.0442 and return to Support. . .but in today's market, the validity of this short entry looks pretty good . ..
Attached Image (click to enlarge)
Click to Enlarge Name: aud08.jpg Size: 96 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,115
  • Aug 7, 2011 6:03pm Aug 7, 2011 6:03pm
Quoting jarroo
Hey AQ . .I like the 1.0442 . .strong Support level. Technically, Price broke through and Closed Below this Support level on Friday by 2 pips, 1.0440 . .so technically the 1.0442 short is a valid entry . .but I like to see a strong close below.

Price could easily move up and close above the 1.0442 and return to Support. . .but in today's market, the validity of this short entry looks pretty good . ..

This trade already hit its target . .previous Daily bar Low and/or the Low of the Bar that broke through and closed below. . .
Attached Image (click to enlarge)
Click to Enlarge Name: aud08a.jpg Size: 88 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,116
  • Aug 7, 2011 6:03pm Aug 7, 2011 6:03pm
Quoting jarroo
Hey AQ . .I like the 1.0442 . .strong Support level. Technically, Price broke through and Closed Below this Support level on Friday by 2 pips, 1.0440 . .so technically the 1.0442 short is a valid entry . .but I like to see a strong close below.

Price could easily move up and close above the 1.0442 and return to Support. . .but in today's market, the validity of this short entry looks pretty good . ..
Ty
so exactly what you are waiting for? A pullback?
  • #100,117
  • Aug 7, 2011 6:03pm Aug 7, 2011 6:03pm
Quoting jarroo
Hey AQ . .I like the 1.0442 . .strong Support level. Technically, Price broke through and Closed Below this Support level on Friday by 2 pips, 1.0440 . .so technically the 1.0442 short is a valid entry . .but I like to see a strong close below.

Price could easily move up and close above the 1.0442 and return to Support. . .but in today's market, the validity of this short entry looks pretty good . ..
overall trend still up though.

with a weakining dollar this week we should see some fresh new green candles at current demand level ( / support level)

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 128 KB


if not, 1.0200 would be my tg fpr shorts,

Jonas
Hero calls followed by margin calls...
  • #100,118
  • Aug 7, 2011 6:05pm Aug 7, 2011 6:05pm
Quoting AQs
Ty
so exactly what you are waiting for? A pullback?
I beat you to the answer in the previous post . .lol . . .waiting for Price to hit its target . .
Indicators show the past. Price Action "Indicates" the future.
  • #100,119
  • Aug 7, 2011 6:07pm Aug 7, 2011 6:07pm
Quoting PhAnTi'
overall trend still up though.

with a weakining dollar this week we should see some fresh new green candles at current demand level ( / support level)

Attachment

if not, 1.0200 would be my tg fpr shorts,

Jonas

Looks good, Jonas . . . no surprise to see Price react to that level.
Indicators show the past. Price Action "Indicates" the future.
  • #100,120
  • Aug 7, 2011 6:13pm Aug 7, 2011 6:13pm
Quoting jarroo
I beat you to the answer in the previous post . .lol . . .waiting for Price to hit its target . .
k hihi, sorry I'm a noob here
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