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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

  • #102,801
  • Oct 7, 2011 7:07pm Oct 7, 2011 7:07pm
Stopped me out at BE plus for the remainder of the position.
Wasn't surprising.
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  • #102,802
  • Oct 7, 2011 7:14pm Oct 7, 2011 7:14pm
That Daily bar looks like a pin bar. no?

Quoting Pinbar
Stopped me out at BE plus for the remainder of the position.
Wasn't surprising.
  • #102,803
  • Edited 8:32pm Oct 7, 2011 8:17pm | Edited 8:32pm
Quoting nikim
That Daily bar looks like a pin bar. no?
Remember, the close really needs to be within the eye of the previous bar.

Also, there is little or no space and we don't take lower TF setup against a Major TF setup.
That is like spitting in the wind.

EDIT: Print out this chart and take it with you to work or wherever and study the bars till you know them like the back of your hand. I made this chart when I started studying this methodology and did the same thing, after I read the entire thread. The horizontal line is just the entry point which is usually 10-15 pips above or below any PA on the daily TF. Might me an idea to stay away from the IBs for now.

Note that, a DBHLC or DBLHC close, must be outside the high or low of the previous bar, unlike a BUEOB or BEOB which the close does not have to be outside the previous bar but the high or low must exceed the previous bar high or low.
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  • #102,804
  • Oct 7, 2011 11:20pm Oct 7, 2011 11:20pm
Considering shorting EURAUD weekly.
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  • #102,805
  • Oct 7, 2011 11:33pm Oct 7, 2011 11:33pm
Quoting mbqb11
really want to see us start to break this down trendline and hopefully settle into some consolidation and break up. Start to build a stronger base would be nice here.

in an ideal world of course
Nice prediction on weekly UC Mike....you still in? I'm locking in a little more profit but still leaving some breathing room. Will be watching 9350 closely.
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  • #102,806
  • Oct 8, 2011 1:58am Oct 8, 2011 1:58am
Quoting 5.25
http://www.youtube.com/watch?v=Tpe4i...eature=related
Cool tune Tom i have "Circling" on play and repeat here.

Inserted Video
  • #102,807
  • Oct 8, 2011 2:18am Oct 8, 2011 2:18am
And bit of self-promotion

http://soundcloud.com/pill-pop/pillpop-aurora

  • #102,808
  • Oct 8, 2011 9:38am Oct 8, 2011 9:38am
Fair enough, but would you consider the weekly a proper pin par. Or is the upper wick too long?

Quoting Pinbar
Remember, the close really needs to be within the eye of the previous bar.

Also, there is little or no space and we don't take lower TF setup against a Major TF setup.
That is like spitting in the wind.

EDIT: Print out this chart and take it with you to work or wherever and study the bars till you know them like the back of your hand. I made this chart when I started studying this methodology and did the same thing, after I read the entire thread. The horizontal line is just the entry point which is usually 10-15 pips above or below any PA on...
  • #102,809
  • Oct 8, 2011 9:56am Oct 8, 2011 9:56am
Quoting Donkey
Considering shorting EURAUD weekly.
yep, EURCAD struggling with 1.4 lvl as well, should be caped by 1.4400

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Hero calls followed by margin calls...
  • #102,810
  • Oct 8, 2011 10:00am Oct 8, 2011 10:00am
Quoting PhAnTi'
yep, EURCAD struggling with 1.4 lvl as well, should be caped by 1.4400

Attachment
EURAUD good for another run to 1.3000 ? ... Spain and Italy downgrade could push this

current range on the daily/weekly is 1.3000 - 1.4000.
personally the entry would be too late for me.
All in all 3255 should be in the cards for next weeks.

Ill stay sidelined.

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Hero calls followed by margin calls...
  • #102,811
  • Oct 8, 2011 11:13am Oct 8, 2011 11:13am
Was just having a look through the charts, coming up with a plan for next week. Moving up to a TF that I have honestly never traded from before. The weekly chart.

AUDCHF caught my eye. First thing I saw was the BUOB. There's a desending trend line in sight. The thing I didn't like about it was that the high of the BUOB was very close to the RN 91.

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  • #102,812
  • Oct 8, 2011 11:19am Oct 8, 2011 11:19am
Quoting picon1
Was just having a look through the charts, coming up with a plan for next week. Moving up to a TF that I have honestly never traded from before. The weekly chart.

AUDCHF caught my eye. First thing I saw was the BUOB. There's a desending trend line in sight. The thing I didn't like about it was that the high of the BUOB was very close to the RN 91.

Attachment
never buy into supply
Hero calls followed by margin calls...
  • #102,813
  • Oct 8, 2011 11:36am Oct 8, 2011 11:36am
anyone here for aud/sgd weekly pinbar?
1.3000 to come?
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meine augen sind die sterne
  • #102,814
  • Oct 8, 2011 11:46am Oct 8, 2011 11:46am
Quoting aserbfx
anyone here for aud/sgd weekly pinbar?
1.3000 to come?
Nice chart, Aud futures show major strength at the moment and there're no sign it'll stop soon.
  • #102,815
  • Oct 8, 2011 3:07pm Oct 8, 2011 3:07pm
anyone out there interesting in pointing out the pros and cons of this bar. only for eductional reason. to learn....
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meine augen sind die sterne
  • #102,816
  • Oct 8, 2011 4:24pm Oct 8, 2011 4:24pm
Quoting aserbfx
anyone out there interesting in pointing out the pros and cons of this bar. only for eductional reason. to learn....
Ill give it a go. Remember I am a noob and being quite cautious.

The bar itself has lots going for it in my view. The body is small compared to the nose and is in the upper third of the range. The open close is within the range of the left eye and the nose hangs down past the left eye.

However, the location is not perfect enough in my book. The bar has not occurred at a proper swing low and I don't see a PPZ. There is some recent support at base of the nose but for me its in "traffic". I am not 100% sure but I would say there is some Fib conf as it looks like its retraced from the high by about 50%. The main issue is the traffic issue and I am not sure its a good enough one to trade. I probably rate this at a B to A- and would probably wait for a better spot. If there was more space to the left of the bar (if it had occurred at the 24,30 level, I would have been on this like a rash).
  • #102,817
  • Oct 8, 2011 4:39pm Oct 8, 2011 4:39pm
Quoting aserbfx
anyone out there interesting in pointing out the pros and cons of this bar. only for eductional reason. to learn....
Its a PB
  • #102,818
  • Oct 8, 2011 5:02pm Oct 8, 2011 5:02pm
I'll give it a shot
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  • #102,819
  • Oct 8, 2011 5:13pm Oct 8, 2011 5:13pm
Quoting ashag28
Its a PB
'nuff said....
welcome to the world of trading...
meine augen sind die sterne
  • #102,820
  • Oct 8, 2011 5:56pm Oct 8, 2011 5:56pm

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