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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

  • #102,821
  • Oct 9, 2011 1:49am Oct 9, 2011 1:49am
Quoting eswap0

bingo

here was my chart

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  • #102,822
  • Oct 9, 2011 11:11am Oct 9, 2011 11:11am
Looks like a good PB.
Dont have that chart but it would be good to see how fibo lines up with most recent high to bottom of PB. Maybe show more confluence points.

All looks well except for the obvious support which has already been pointed out and also that market close just below RN.
  • #102,823
  • Oct 9, 2011 11:21am Oct 9, 2011 11:21am
Quoting Pinbar
Jarroo

Good morning

Before I went out last night, I setup that EUR/NZD chart and have explained why I used the areas I did. A quick fuzzy look, this morning seems to suggest that, I am in the same ball park, maybe in the car park?

Please let me know of any critical areas of mistake or criticism greatly welcome.
Again, I'm not sure what you're asking . .Are you asking or showing how past levels relate to current Price levels? I like past levels if there is open Space between them.
Indicators show the past. Price Action "Indicates" the future.
  • #102,824
  • Oct 9, 2011 11:24am Oct 9, 2011 11:24am
Quoting Pinbar
I also setup EJ and just took it down through the time frames to see what occurred at this area on each TF.

Very interesting

Now this is more like it . .better current levels . . . . How far down in TFs can you go to find a Close above the 106.67 entry? . .
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Indicators show the past. Price Action "Indicates" the future.
  • #102,825
  • Oct 9, 2011 11:27am Oct 9, 2011 11:27am
Quoting Pinbar
Jarroo

Good morning

Before I went out last night, I setup that EUR/NZD chart and have explained why I used the areas I did. A quick fuzzy look, this morning seems to suggest that, I am in the same ball park, maybe in the car park?

Please let me know of any critical areas of mistake or criticism greatly welcome.
for me i dont see any long setups here for the swingers.
Ill look to get a good short entry.

Chart later, im close in time.

Jonas
Hero calls followed by margin calls...
  • #102,826
  • Oct 9, 2011 11:30am Oct 9, 2011 11:30am
Quoting jarroo
Now this is more like it . .better current levels . . . . How far down in TFs can you go to find a Close above the 106.67 entry? . .
100.00 vbrn will be funny

would u please post your monthly ej chart ? mine looks as follows :

guess broker bug ?!

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#
thanks,jonas
Hero calls followed by margin calls...
  • #102,827
  • Oct 9, 2011 11:32am Oct 9, 2011 11:32am
Quoting PhAnTi'
100.00 vbrn will be funny

would u please post your monthly ej chart ? mine looks as follows :

guess broker bug ?!

Attachment

#
thanks,jonas
Hey jonas . .here's mine on the FxPro feed . .
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Indicators show the past. Price Action "Indicates" the future.
  • #102,828
  • Oct 9, 2011 11:34am Oct 9, 2011 11:34am
Quoting jarroo
Hey jonas . .here's mine on the FxPro feed . .
thanks for the post.

im looking pretty forward to 100.00 action.... anyway too late to enter... i missed the train,

gratz to those that sold the 160s
Hero calls followed by margin calls...
  • #102,829
  • Oct 9, 2011 11:41am Oct 9, 2011 11:41am
Quoting PhAnTi'
thanks for the post.

im looking pretty forward to 100.00 action.... anyway too late to enter... i missed the train,

gratz to those that sold the 160s

The 160 would have been nice . .

There was some recent opportunities on the daily.

The recent setup hit its targets (in blue) nicely . .
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Indicators show the past. Price Action "Indicates" the future.
  • #102,830
  • Oct 9, 2011 11:48am Oct 9, 2011 11:48am
Quoting Donkey
8910 held through a few days by about 7pips. Stop now to 8975, reducing about 90% risk. Strong daily close above FTA. Going to see if price can push through 9200 and the 365ema over next day or so.
Should be an interesting week D . .let's see if we can stay above the 365 . . .great chart.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #102,831
  • Oct 9, 2011 11:51am Oct 9, 2011 11:51am
Quoting jarroo
The 160 would have been nice . .

There was some recent opportunities on the daily.

The recent setup hit its targets (in blue) nicely . .
indeed...anyway i missed all of em

but entering late is bitch move^^
Hero calls followed by margin calls...
  • #102,832
  • Oct 9, 2011 12:16pm Oct 9, 2011 12:16pm
Quoting Donkey
Hi Pin. Here's one scenario I'm watching on Cable for Jarroo's methodology.

Great level, D. . .your chart shows if PBT&CB that level . .nice

. .notice what happen when Price doesn't Close Below that level. Also a nice bounce at the first time back at the LCS ..
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Indicators show the past. Price Action "Indicates" the future.
  • #102,833
  • Oct 9, 2011 12:40pm Oct 9, 2011 12:40pm
Quoting jarroo
Great level, D. . .your chart shows if PBT&CB that level . .nice

. .notice what happen when Price doesn't Close Below that level. Also a nice bounce at the first time back at the LCS ..
yep absolutely nice spot for longs.... but imho risk to the downside increased since we printed a new low.

Lets c
Hero calls followed by margin calls...
  • #102,834
  • Oct 9, 2011 1:27pm Oct 9, 2011 1:27pm
Quoting picon1
Just wondering if anyone is watching €USD now. Setting up some very good short indications.

I was waiting for price to pull back to RN 35 before looking for new setups. Price now pulled back to 35. Setting up a PB off the RN and trend line on daily. The 8H and 4H setting up BEOB of trend line and RN.

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I must say it looks good although it it looks quite unlike a standard PB we usually see. EURUSD close below 1.3400 we can take a short position at 15 pips below the low of the bar at 1.3345.

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Next week might test 1.3400 before going back below and beyond the low of friday.
  • #102,835
  • Oct 9, 2011 2:49pm Oct 9, 2011 2:49pm
There seems to be many daily PB set ups on various pairs, USDCAD, EURJPY, EURUSD, NZDUSD CADJPY and NZDJPY there are a few others as well.

They all seem to be in tune with a pull back from the current daily trend and have some good fib levels.

For me, provided they are not heading into PPZ levels i can see no reason not to play them, however for some reason it seems to obvious and most of them are over extended from the major EMAs therefore i am doubting the set up, in addition to this the weekly bar does not give any clues as to the direction. (maybe be my inability to interpret properly).

Does anyone have any advice / comments on the daily PBs setups?

Thanks

GPFX
  • #102,836
  • Oct 9, 2011 4:15pm Oct 9, 2011 4:15pm
few pairs I trade give contradicting indications, weekly looks one way and shorter time frames look like they want to do the opposite. Im going to let this action start without me and than wait for something to come my way.
  • #102,837
  • Oct 9, 2011 4:15pm Oct 9, 2011 4:15pm
Quoting aserbfx
anyone here for aud/sgd weekly pinbar?
1.3000 to come?
Looks good. 1.3 looks like a feasible target. But need to be aware of multiple lows at 1.2750 on the left. A close above that would have been ideal.
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  • #102,838
  • Oct 9, 2011 4:50pm Oct 9, 2011 4:50pm
Quoting fascist
I must say it looks good although it it looks quite unlike a standard PB we usually see. EURUSD close below 1.3400 we can take a short position at 15 pips below the low of the bar at 1.3345.

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Next week might test 1.3400 before going back below and beyond the low of friday.
Was watching Euro on Friday into the close, and I thought the daily ended up closing more like a hammer bar than a PB. It was looking like a potentially good PB earlier in the day.
  • #102,839
  • Edited 10:39pm Oct 9, 2011 9:33pm | Edited 10:39pm
Quoting fascist
I must say it looks good although it it looks quite unlike a standard PB we usually see. EURUSD close below 1.3400 we can take a short position at 15 pips below the low of the bar at 1.3345.

Attachment

Next week might test 1.3400 before going back below and beyond the low of friday.
I was also watching this PB and was not convinced about it, mainly because of the PPZ area we are at even though we have the BRN right above this area, I am thinking it could break out of this pennant
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  • #102,840
  • Edited 2:31am Oct 10, 2011 2:00am | Edited 2:31am
Was just taking a look at CADJPY daily at the PB from Friday. I know the PB isn't at a swing high, but it's at a pull back high.

There is some fib overlap, with the 50% fib of the PB, and from a couple of previous swing highs. Also rejection off a RN of 75.


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