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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

  • #103,101
  • Oct 16, 2011 8:06am Oct 16, 2011 8:06am
Quoting Greenhaze
All i meant is that 3 pip rule might be ok for daily charts or h4 but it wont be appropriate to ... lets say GBPJPY weekly chart. Its very relative.

Ah, I hear you now.

Never seen any mention of it being any different for a weekly bar, but I get where you are coming from in the case of a weekly bar.
  • #103,102
  • Oct 16, 2011 8:12am Oct 16, 2011 8:12am
Quoting Pinbar
Ah, I hear you now.

Never seen any mention of it being any different for a weekly bar, but I get where you are coming from in the case of a weekly bar.
Yeah, i think it would be better to aproach it using percentage then pips but honestly i wouldn't bother to wrap it with so many strict rules
  • #103,103
  • Oct 16, 2011 9:22am Oct 16, 2011 9:22am
Quoting Pinbar
CP

Don't forget these two monthly HCR and the reaction we have seen there.
Yes. I took a note of it. Thank you !
  • #103,104
  • Oct 16, 2011 11:22am Oct 16, 2011 11:22am
I have a feeling the next few weeks will be real important in terms of future direction. We had those strong pro USD runs a few weeks back then last week a very strong anti usd week. Hitting some major crucial areas on some of these usd pairs

Euro coming back to the large box. I will be watching 1.4 close
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  • #103,105
  • Oct 16, 2011 11:34am Oct 16, 2011 11:34am
baby on weekly.
nice looking chart. return into the box is likely. nice volume, too.
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meine augen sind die sterne
  • #103,106
  • Oct 16, 2011 11:50am Oct 16, 2011 11:50am
Quoting mbqb11
I have a feeling the next few weeks will be real important in terms of future direction. We had those strong pro USD runs a few weeks back then last week a very strong anti usd week. Hitting some major crucial areas on some of these usd pairs

Euro coming back to the large box. I will be watching 1.4 close
I'm with ya on this one mike! 1.4 also holds many confluences with PPZ and the 61.8%FR. On daily time frame, there's also the 150EMA
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  • #103,107
  • Oct 16, 2011 12:00pm Oct 16, 2011 12:00pm
Quoting Pinbar
I am not able to see a DBHLC in your chart.
Just in case you are confusing a DBHLC with something else, here is a chart of how it should look and the criteria for a DBHLC.

Hope this helps

Hi Pin Bar,

Thanks for the advice, my chart does look a bit confusing as there are ema cross over arrows on it, however the bar I was talking about is the most recent bearish bar which closes lower that the previous bar.

I now understand the criteria and didn't realize that the high of the Bar had to be equal for it to be considered a DBHLC, then I suppose the clue is in the name of the bar, double high lower close....duh

Thanks again for pointing this out.

GP
  • #103,108
  • Oct 16, 2011 12:19pm Oct 16, 2011 12:19pm
Hi Mike, Been watching EU returning to this attraction zone. What is your thought here? It is coming from a higher low..etc.


Quoting mbqb11
I have a feeling the next few weeks will be real important in terms of future direction. We had those strong pro USD runs a few weeks back then last week a very strong anti usd week. Hitting some major crucial areas on some of these usd pairs

Euro coming back to the large box. I will be watching 1.4 close
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #103,109
  • Oct 16, 2011 1:04pm Oct 16, 2011 1:04pm
Hi. I think that market is not horizontal, it has slope, levels also... imho

what d'u think about?
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  • #103,110
  • Oct 16, 2011 2:08pm Oct 16, 2011 2:08pm
Quoting Greenhaze
All i meant is that 3 pip rule might be ok for daily charts or h4 but it wont be appropriate to weekly chart becouse of different range thats why i think if you apply this rule to every tf then it doesn't make any sense. Its very relative so common sense and ones perception of matching highs/lows comes first here.
Thanks also GH,

I tend to agree that the time frame / atr should be factor similar to trade entry when playing the break of a bar. (for me anyway)

Cheers

GP
  • #103,111
  • Oct 16, 2011 2:21pm Oct 16, 2011 2:21pm
cri on weekly and monthly.
enter long above 35.40 usd.
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meine augen sind die sterne
  • #103,112
  • Oct 16, 2011 2:36pm Oct 16, 2011 2:36pm
Quoting teemo
Hi Mike, Been watching EU returning to this attraction zone. What is your thought here? It is coming from a higher low..etc.
Hey Teemo

I think we will see a bounce here again or a move down lower, but the thing is I try to be open and just watch how the pieces fall into place at an important area. Often an important area really allows opportunities both ways. The most important to me is that a good area is going to contain a lot of interest and thus generate good flow and hopefully opportunity

Best
Mike
  • #103,113
  • Oct 16, 2011 2:38pm Oct 16, 2011 2:38pm
Can you consider this one to watch guys? To look for a bearish PA on NZD/USD daily time. 50 FIB, trendline, PPZ around 8162 level. I will be also looking at 8100 BRN.
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  • #103,114
  • Oct 16, 2011 2:51pm Oct 16, 2011 2:51pm
Quoting TransPorter
Can you consider this one to watch guys? To look for a bearish PA on NZD/USD daily time. 50 FIB, trendline, PPZ around 8162 level. I will be also looking at 8100 BRN.

Sure is TP

Best
Mike
  • #103,115
  • Oct 16, 2011 3:31pm Oct 16, 2011 3:31pm
Quoting mbqb11
Sure is TP

Best
Mike
  • #103,116
  • Oct 16, 2011 5:35pm Oct 16, 2011 5:35pm
Quoting SHCHerbakov
Hi. I think that market is not horizontal, it has slope, levels also... imho

what d'u think about?
Nice.
Do you have a method of identifyieing Through or Bounce when it approaches a Line?

B
  • #103,117
  • Oct 16, 2011 6:32pm Oct 16, 2011 6:32pm
Quoting SHCHerbakov
Hi. I think that market is not horizontal, it has slope, levels also... imho

what d'u think about?
Finished at the same level it started?
Most bars overlapping?
MAs flat?

Looks pretty horizontal to me.

Also, your chart appears to be some kind of Magic Eye puzzle. I see a bunny.
When you have to shoot, shoot. Dont talk.
  • #103,118
  • Oct 16, 2011 6:50pm Oct 16, 2011 6:50pm
Quoting TransPorter
Can you consider this one to watch guys? To look for a bearish PA on NZD/USD daily time. 50 FIB, trendline, PPZ around 8162 level. I will be also looking at 8100 BRN.

0.81624 looks interesting to me.

Reasons are, weekly close above the Monthly PPZ, Daily Channel break out and a ton of resistance around 0.81624


What fun
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  • #103,119
  • Oct 16, 2011 7:08pm Oct 16, 2011 7:08pm
AUD/USD looks more interesting from a bearish perspective.
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  • #103,120
  • Oct 16, 2011 11:56pm Oct 16, 2011 11:56pm
Quoting mbqb11
Hey T

Yep I am watching this flag also.

If we retrace higher we have two points to watch for me. The last swing low, and the BRN(box area is VERY big).

Oh hey my chart shows supply and demand just messing


Best
Mike

Maybe this week price will reach the 1.4000 and give us some PA.
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