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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

  • #104,601
  • Nov 18, 2011 12:37pm Nov 18, 2011 12:37pm
Quoting Pumlitch
Hi Mike,
I was just checking my USDCHF monthly chart and can't get rid of feeling that something is wrong
(Don't be surprised if it makes you dizzy)

Attachment
ahhh I just enlarged it. I think you mean your bars are messed up historically they look repeated that is weird lol

  • #104,602
  • Nov 18, 2011 1:05pm Nov 18, 2011 1:05pm
Quoting mbqb11
ahhh I just enlarged it. I think you mean your bars are messed up historically they look repeated that is weird lol

Yep looks terribly.
Follow my trading on Twitter and FB: @pumlitch
  • #104,603
  • Nov 18, 2011 3:17pm Nov 18, 2011 3:17pm
Quoting Donkey
Will be watching the rising TL on NU for the next several weeks....wouldn't mind seeing it break down at the BRN eventually
TL still in play on weekly. Definitely a very interesting area next week....0.7500, wkly HCR/PPZ, 150 ema coming into play.
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  • #104,604
  • Nov 18, 2011 5:17pm Nov 18, 2011 5:17pm
Quoting mbqb11
just an update for those following. I have gone to b/e but I am managing it now from a monthly perspective. I still think we have a long way to go. So patience becomes the test
What a nice iconic picture... I would like to print it and put on my wall
all is eternal - this is good news for people who loves bad news
  • #104,605
  • Edited 7:11pm Nov 18, 2011 6:44pm | Edited 7:11pm
Quoting mbqb11
just an update for those following. I have gone to b/e but I am managing it now from a monthly perspective. I still think we have a long way to go. So patience becomes the test

Mike, that was a great trade by the way, but so are all your trades.

Just a quick question about this minor flip area that seems to be the 50 fibo area from the major SH-SL.
I am just wondering how come you don't seem too concerned about it?

I mean, I know you are at BE, but even so.
I guess, you believe more in the bigger picture which I am missing and deem it worthy of giving it enough room to breathe
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  • #104,606
  • Nov 18, 2011 11:13pm Nov 18, 2011 11:13pm
Quoting Pinbar
Mike, that was a great trade by the way, but so are all your trades.

Just a quick question about this minor flip area that seems to be the 50 fibo area from the major SH-SL.
I am just wondering how come you don't seem too concerned about it?

I mean, I know you are at BE, but even so.
I guess, you believe more in the bigger picture which I am missing and deem it worthy of giving it enough room to breathe
hey Pin

This is working out great. All my trade are not this great. I wish It's always important to note I am just doing what you guys are. Wins and losses, I just have found what works for me more then doesn't.

This minor flip to me is important but you said it best. I have an overall bigger belief in my targets towards parity. What's important to note is that I am flexible. So right now I am at breakeven, but that doesn't mean I won't ending up locking in more profit. In fact initially based on the weekly my stop would be under the swing low around 8500 but I have decided to take my mgmt over based on the monthly timeframe.

Hope that makes sense
Mike
  • #104,607
  • Edited 11:52pm Nov 18, 2011 11:30pm | Edited 11:52pm
Quoting mbqb11
hey Pin

This is working out great. All my trade are not this great. I wish It's always important to note I am just doing what you guys are. Wins and losses, I just have found what works for me more then doesn't.

This minor flip to me is important but you said it best. I have an overall bigger belief in my targets towards parity. What's important to note is that I am flexible. So right now I am at breakeven, but that doesn't mean I won't ending up locking in more profit. In fact initially based on the weekly my stop would be under the...
Yeah, it makes perfect sense, thanks Mike.

Based on the performance of your original PA, breaking through certain former resistance levels, you have now switched from, your micro mode to the Macro mode and are managing it according to that view.
Just shows, how you are not guessing where price will go but using price itself to show you, where its final target may be.

Very instructional, thanks again Mike.

PS:
Yeah, locking in 1000 pips does not sound like a bad idea. LOL

You know what you are doing, for sure.

Damn sick with a cold and fever but seeing as I now have Sat & Sun off work, I am not going to waste them.
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  • #104,608
  • Nov 19, 2011 2:21am Nov 19, 2011 2:21am
Quoting Donkey
TL still in play on weekly. Definitely a very interesting area next week....0.7500, wkly HCR/PPZ, 150 ema coming into play.
nice chart. this bar closed very bearish. nearly no wicks. i expect a break south... just a feeling. but i will trade what i see...
meine augen sind die sterne
  • #104,609
  • Nov 19, 2011 4:29am Nov 19, 2011 4:29am
Quoting Donkey
TL still in play on weekly. Definitely a very interesting area next week....0.7500, wkly HCR/PPZ, 150 ema coming into play.
Yep, and the 61.8 fibo is the icing on the cake.
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  • #104,610
  • Nov 19, 2011 6:21am Nov 19, 2011 6:21am
Quoting Pinbar
Yep, and the 61.8 fibo is the icing on the cake.
Daily has possible MACD divergence too (if we make a double bottom or push lower)
Will wait for a sign!
  • #104,611
  • Nov 19, 2011 10:43am Nov 19, 2011 10:43am
Quoting Pinbar
Yeah, it makes perfect sense, thanks Mike.

Based on the performance of your original PA, breaking through certain former resistance levels, you have now switched from, your micro mode to the Macro mode and are managing it according to that view.
Just shows, how you are not guessing where price will go but using price itself to show you, where its final target may be.

Very instructional, thanks again Mike.

PS:
Yeah, locking in 1000 pips does not sound like a bad idea. LOL

You know what you are doing, for sure.

Damn sick with a cold...
feel better steve, nothing better then some cold meds(beer) and some charts for a cure
  • #104,612
  • Nov 19, 2011 1:51pm Nov 19, 2011 1:51pm
Hi Mike, I have a question... Does my pattern look clean to you or it's more curve fitted?
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  • #104,613
  • Nov 19, 2011 2:48pm Nov 19, 2011 2:48pm
i didn't see anyone posting this W1-pinbar on crude oil. right at the 100 usd.
so here it is...
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meine augen sind die sterne
  • #104,614
  • Nov 19, 2011 5:57pm Nov 19, 2011 5:57pm
Quoting mbqb11
feel better steve, nothing better then some cold meds(beer) and some charts for a cure

Yeah. LOL That's the mix.

Thanks Mike
  • #104,615
  • Nov 19, 2011 6:53pm Nov 19, 2011 6:53pm
I like these consolidation areas on CHF/JPY

Checkout the Jarroo Special PB-BEOB Hybrid
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  • #104,616
  • Nov 19, 2011 7:18pm Nov 19, 2011 7:18pm
I have been thinking about the situation Mike traded in that weekly PB.

It is an interesting scenario and I like the widening space it had rather than decreasing space.
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  • #104,617
  • Nov 19, 2011 8:10pm Nov 19, 2011 8:10pm
Looks like it may break through and show us some bullish PA.
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  • #104,618
  • Nov 19, 2011 8:27pm Nov 19, 2011 8:27pm
AUD/JPY Monthly BUEOB great bar lows and 61.8 fibo
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  • #104,619
  • Nov 20, 2011 6:32am Nov 20, 2011 6:32am
Levels I'll be watching:

- 1.3525 already had a PB on the 4h, a more convincing PA would only get me in now.

- 1.3651 lines up with a weekly PPZ as well as the daily LCS. To me, it's a proven level.
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  • #104,620
  • Nov 20, 2011 6:53am Nov 20, 2011 6:53am
Quoting 5.25
Levels I'll be watching:

- 1.3525 already had a PB on the 4h, a more convincing PA would only get me in now.

- 1.3651 lines up with a weekly PPZ as well as the daily LCS. To me, it's a proven level.

Looks very close to mine which I setup this morning, ready for next week.
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