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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

  • #103,021
  • Oct 13, 2011 2:24am Oct 13, 2011 2:24am
Quoting jarroo
Here's one of my better charts that tells it all . . not only the abbreviations but the setups as well.

Jim
Hello Jarroo,

thank you, I appreciate your explanation chart very much. I will save it as a guide for chart analysis
  • #103,022
  • Oct 13, 2011 2:26am Oct 13, 2011 2:26am
Quoting Fx7877
Hi Mike,
On this topic of IB, I wld like to ask do we wait for break by abt 10-15pips as well on daily IB before entry? Since its a IB, wld this leeway be abit too much?
Based on what u said above, if we were to take a bias on IB, it wld be based on prior trend?
Mike u probably missed out the above as the this thread is moving very fast! Appreciate your input. Thks.
  • #103,023
  • Oct 13, 2011 5:00am Oct 13, 2011 5:00am
Quoting mbqb11
just received a PM about a 4hr beob, posting chart here for that member

also don't forget the j16 minimum requirements, sticking to that daily/weekly first. It helps greatly if you ask me

Best
Mike
Hey Mike, I replied to that same question in the thread.
Just looking at your reply and comparing the notations I put on the chart for that person. Glad to see that at long last I am roughly getting near the same ballpark. Well, at least in the same city, roughly. LOLhttp://www.forexfactory.com/showthre...32#post5034432


http://www.forexfactory.com/showthre...32#post5034432
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  • #103,024
  • Oct 13, 2011 5:05am Oct 13, 2011 5:05am
Quoting jarroo
Great charts Pinbar . . IBFX had a great entry on this setup. Nice HCR and Highs(ish) lining up.

Looks like you had a big buffer of 76.18. The 75.95 or even the 75.87 would have been nice. .

You got to love those "crazy crosses" . . ..

Thanks Jaroo

I got stopped out of that trade by about 2 or 3 pips by the spike on that large BUEOB.
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  • #103,025
  • Oct 13, 2011 5:23am Oct 13, 2011 5:23am
Looking at the EU trade I let run, I still do not see any definitive PA on H4 that will shake me out of the position.
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  • #103,026
  • Oct 13, 2011 7:27am Oct 13, 2011 7:27am
anyone looking for a short position on gbpchf based on tweezers candlestick pattern on daily tf?
  • #103,027
  • Oct 13, 2011 8:17am Oct 13, 2011 8:17am
Quoting Donkey
can't see anything to disagree with PB. I really like the 1.4000 area if it makes it - wkly hcr at swing high with BRN/retracement confluence is a great area to watch.

the bar low to the left on the weekly chart looks like it might be an obstacle. on daily I define what looks to be a strong approx 50p (1.3827 - 1.3875) ppz defined by 2 hcrs lining up with the 365 that I would like to see price close above. If it does then 1.4000 is likely.

Looking more closely at that area...short setup???? Interesting to watch.

Thanks D
  • #103,028
  • Edited 8:40am Oct 13, 2011 8:38am | Edited 8:40am
Hi,

Is this institutional stop hunting here in action, or what is going on? Been watching that area for some time, and now this madness breaks out

dkc
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  • #103,029
  • Oct 13, 2011 9:45am Oct 13, 2011 9:45am
Quoting Pinbar
Hey Mike, I replied to that same question in the thread.
Just looking at your reply and comparing the notations I put on the chart for that person. Glad to see that at long last I am roughly getting near the same ballpark. Well, at least in the same city, roughly. LOLhttp://www.forexfactory.com/showthre...32#post5034432


http://www.forexfactory.com/showthre...32#post5034432
you are doing great my friend
  • #103,030
  • Oct 13, 2011 9:47am Oct 13, 2011 9:47am
Quoting Fx7877
Hi Mike,
On this topic of IB, I wld like to ask do we wait for break by abt 10-15pips as well on daily IB before entry? Since its a IB, wld this leeway be abit too much?
Based on what u said above, if we were to take a bias on IB, it wld be based on prior trend?
Hey FX

Sorry I missed your question

I would still use a buffer on an inside bar so you know you aren't breaking some range by a handful of pips and it turning around. So where I might use a buffer of 12-18 pips or so on the daily, I would probably always use that lower end of around 12 myself. As for bias, it doesn't have to be with the trend for me, it really depends on the situation. If price is in a down trend but forms an inside bar off some strong support too me there is no problem trading that counter trend. Now of course we would want to take the counter trend into account with mgmt etc

Hope that helps
Mike
  • #103,031
  • Oct 13, 2011 9:49am Oct 13, 2011 9:49am
Another attempt by me to get my PPZ levels marked up properly. What do these look like guys? Pinbar, Mike, Jarroo feedback on my levels welcomed

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  • #103,032
  • Oct 13, 2011 9:59am Oct 13, 2011 9:59am
Quoting picon1
Another attempt by me to get my PPZ levels marked up properly. What do these look like guys? Pinbar, Mike, Jarroo feedback on my levels welcomed

Attachment
Great job P, just remember these areas are "zones" and not very often a single point. Those are some good solid Major PPZs.

Good job
Mike
  • #103,033
  • Oct 13, 2011 10:05am Oct 13, 2011 10:05am
Quoting mbqb11
Great job P, just remember these areas are "zones" and not very often a single point. Those are some good solid Major PPZs.

Good job
Mike
Cheers Mike

When you say zones, would you be looking at boxing those consolidation areas to have an upper and lower zone?
  • #103,034
  • Oct 13, 2011 10:09am Oct 13, 2011 10:09am
Quoting picon1
Cheers Mike

When you say zones, would you be looking at boxing those consolidation areas to have an upper and lower zone?
When we say zone, zone means area. Price doesn't have to touch a perfect line on our chart. That market looks at these as areas of supply/demand/equilibrium. This is why you will see many of us use these larger blue boxes, to denote it isn't a single point on a chart

See my chart for example
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  • #103,035
  • Oct 13, 2011 10:14am Oct 13, 2011 10:14am
Quoting mbqb11
When we say zone, zone means area. Price doesn't have to touch a perfect line on our chart. That market looks at these as areas of supply/demand/equilibrium. This is why you will see many of us use these larger blue boxes, to denote it isn't a single point on a chart

See my chart for example
Ok, I get what you mean. So it's areas where price has shown in the past that it has had a major reaction. Like a flip zone.
  • #103,036
  • Oct 13, 2011 10:19am Oct 13, 2011 10:19am
Quoting picon1
Ok, I get what you mean. So it's areas where price has shown in the past that it has had a major reaction. Like a flip zone.
Here's a little tip

I use these zones, they are amazing. Then I look at what price is doing in the short term at this zone. See if I can get more clues or pieces to my story. So then we are both having a macro and micro view on it . When both click,


Best
Mike
  • #103,037
  • Oct 13, 2011 10:20am Oct 13, 2011 10:20am
eur/usd 3800 seem to be holding well
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  • #103,038
  • Oct 13, 2011 10:36am Oct 13, 2011 10:36am
Quoting mbqb11
Here's a little tip

I use these zones, they are amazing. Then I look at what price is doing in the short term at this zone. See if I can get more clues or pieces to my story. So then we are both having a macro and micro view on it . When both click,


Best
Mike
got ya. Here's one on the EURAUD daily I've taken a crack at. Zones just off the daily chart this time. I;ve marked off where I see the price flips kicking in.

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  • #103,039
  • Oct 13, 2011 2:09pm Oct 13, 2011 2:09pm
Was looking around and wanted to put this one up just in case anyone had not seen it. Quite a nice wedge formation on EURNZD. Will more than likely be looking to enter on a breakout and retest. We are starting to get to the end of the wedge and that makes me a bit nervous for playing back into it. In the end I will just look for some PA and let that do the talking though.

Ryan

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  • #103,040
  • Oct 13, 2011 4:10pm Oct 13, 2011 4:10pm
Anyone else finding this one to be particularly interesting? It seems like a nice IB reacting off of the BEOB and in addition to that it retraced about 50% to the previous bar highs about 6-15 bars back. Placement on break would also confirm that it could make it above the swing low from the beg of July...

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