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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

  • #105,281
  • Edited 10:38pm Dec 18, 2011 9:07pm | Edited 10:38pm
This may confuse some new people but, I will post it anyway for the simple reason that, it is amazing how these three systems are showing confluence.

Originally, I posted the H1 chart with Jarros LCS being at 1.3091 and combined it with the base system.
Out of curiosity, I decided to add Bemac's ICCE.

What do you know, they all are showing basically the same thing.
Bemac's ICCE has the PPZ at 1.3096 as opposed to 1.3091.

Simply incredible.
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  • #105,282
  • Dec 18, 2011 11:21pm Dec 18, 2011 11:21pm
Thanks GHous ,
been asking myself some questions around this subject, but not as thorough as your explanations,

mike
  • #105,283
  • Dec 18, 2011 11:29pm Dec 18, 2011 11:29pm
Here is another interesting base+ Jaroo setup


I am leaning strongly towards the base faster EMAs adding confluence to Jarroo's setups.
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  • #105,284
  • Dec 19, 2011 5:17am Dec 19, 2011 5:17am
Quoting mbqb11
I think as humans we have a tendency to get over attached to our trades. I do it too, I just do it less over the years with more time and practice.
Success in trading is mostly about psychology and being able to control oneself (from within). It's easy to miss the importance of what Mike said there - "time and practice". He is a great (conservative ) trader, yet admits - few successful traders can be that modest and open - that he does some mistakes "less over the YEARS".

As for the technical side of it, the deep understanding comes from the same combo of "time and practice". Check out post 831 by Jarroo - http://www.forexfactory.com/showthre...73#post4841373. Those two charts are part of the "Holly Grail" many traders are seeking here (and elsewhere)...
One Chart is Worth Ten Thousand Words.
  • #105,285
  • Dec 19, 2011 6:06am Dec 19, 2011 6:06am
Quoting Pinbar
This may confuse some new people but, I will post it anyway for the simple reason that, it is amazing how these three systems are showing confluence.

Originally, I posted the H1 chart with Jarros LCS being at 1.3091 and combined it with the base system.
Out of curiosity, I decided to add Bemac's ICCE.

What do you know, they all are showing basically the same thing.
Bemac's ICCE has the PPZ at 1.3096 as opposed to 1.3091.

Simply incredible.
Sorry PB, what is Bemac's ICCE. Please can you point me in the right direction where to read this stuff.

Cheers
  • #105,286
  • Edited 7:42am Dec 19, 2011 6:47am | Edited 7:42am
Quoting Grousman
Sorry PB, what is Bemac's ICCE. Please can you point me in the right direction where to read this stuff.

Cheers
Sure

Here you go
ICCE is a Fibonacci based indicator, created by Bemac that, plots or projects support and resistance levels, like PPZ.

http://www.forexfactory.com/showthread.php?t=162886
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  • #105,287
  • Dec 19, 2011 7:09am Dec 19, 2011 7:09am
Quoting PhAnTi'
1.4500 protected as expected.... TL respected as well...i expect this to lift up again next week, holding lons with stop below 1.4500.

Attachment
got stopped out for 76....

shit happens ...maybe i took a expensive entry... but setup was ok for me, so im ok with the trade and i accepted the loss before i entered
Hero calls followed by margin calls...
  • #105,288
  • Dec 19, 2011 7:14am Dec 19, 2011 7:14am
Quoting PhAnTi'
got stopped out for 76....

shit happens ...maybe i took a expensive entry... but setup was ok for me, so im ok with the trade and i accepted the loss before i entered
Can we look at your rationale for that stop loss?

g.
I believe . . .
  • #105,289
  • Dec 19, 2011 8:16am Dec 19, 2011 8:16am
Quoting ghous
Can we look at your rationale for that stop loss?

g.
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initial setup
Hero calls followed by margin calls...
  • #105,290
  • Dec 19, 2011 8:24am Dec 19, 2011 8:24am
no action at all....

done for hte day,

wish u lovely holidays and a happy new year !


See you soon Sailamoon.

Jonas
Hero calls followed by margin calls...
  • #105,291
  • Dec 19, 2011 9:17am Dec 19, 2011 9:17am
Hi traders

Not been posting much recently.....but lurking a lot! Had a difficult spell last 2/3 months so taking break now and aim to come back refreshed in 2012!

Thanks to all for the postswork put in to this great thread....nothing like it out there!

Finally Happy Christmas to all and a prosperous New Year to you all - see you in 2012.

Best

Kalbar
  • #105,292
  • Dec 19, 2011 11:10am Dec 19, 2011 11:10am
Just wanted to say happy holidays to everyone, wishing you all health and happiness, and a pleasant time with family.

And now for the annual light show, compliments of Mr Paul Tudor Jones. This years lights are pretty cool.

2011
Inserted Video


2010
Inserted Video


2008
Inserted Video
Price is beautiful. A repetitive method is a competitive method.
  • #105,293
  • Dec 19, 2011 1:20pm Dec 19, 2011 1:20pm
I'm sure some of you guys have discovered the scenario already. Eur/aud shows some really interesting potential, considering last weeks PA. On weekly chart you can see that it closed as inside bar with extremely low average weekly range (which is quite naturally in many case of inside bars).

Combined with a technical pattern and bullish divergence on higher time-frame, it seems highly likely that the move will be upwards.
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Measure twice, cut once
  • #105,294
  • Dec 19, 2011 2:53pm Dec 19, 2011 2:53pm
AUDCAD setup ...

hmmm...gaps ar there to get filled :-p ... anyway 1.0220 should give us some correction, staying patient ...

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Hero calls followed by margin calls...
  • #105,295
  • Dec 19, 2011 4:41pm Dec 19, 2011 4:41pm
Quoting nwo-trader
Just wanted to say happy holidays to everyone, wishing you all health and happiness, and a pleasant time with family.

And now for the annual light show, compliments of Mr Paul Tudor Jones. This years lights are pretty cool.

2011
http://www.youtube.com/watch?v=wX8CRvG6Nb8

2010
http://www.youtube.com/watch?v=Vv47honYCPE

2008
http://www.youtube.com/watch?v=GV4RJq2uiWA
hahah that's awesome
  • #105,296
  • Edited 8:10pm Dec 19, 2011 7:54pm | Edited 8:10pm
Quoting aediaz1
I'm sure some of you...
Hello Sir Andre,
nice to see u drop by..i share that exact same view..i got in around the second touch at 1.3036ish.
looking for SeekingL/Pat? he hasn't visited recently.

Quoting AvanishDemo
PS:Huge Typhoon in Philippines.my prayers with people who got affected.Hope our friend SupremeChaos is fine.
Thank you very much Sir Avanish
a few provinces in the South (far from my place) have been devastated.
Mother Nature fights back & reminds us again to take better care of the environment.
I pray that & i'm sure they'll overcome this tragedy.

Quoting Forex007
Success in trading is mostly about psychology and being able to control oneself (from within). It's easy to miss the importance of what Mike said there - "time and practice". He is a great (conservative ) trader, yet admits - few successful traders can be that modest and open - that he does some mistakes "less over the YEARS". ...
Hey Sir F,
it's been awhile.. how's the full time Dad?


I'll take this chance to greet everyone Happy Holidays!!!!!!!
  • #105,297
  • Dec 19, 2011 10:00pm Dec 19, 2011 10:00pm
SC

Glad to hear that you are safe and sound.

My condolences to your for the tragedy.
  • #105,298
  • Dec 20, 2011 1:40am Dec 20, 2011 1:40am
Quoting aediaz1
I'm sure some of you guys have discovered the scenario already. Eur/aud shows some really interesting potential, considering last weeks PA. On weekly chart you can see that it closed as inside bar with extremely low average weekly range (which is quite naturally in many case of inside bars).

Combined with a technical pattern and bullish divergence on higher time-frame, it seems highly likely that the move will be upwards.
I have an oppostie view to that. Those small range bars just at the bottom of the range shows that there's not much demand atm and on top of that price is making lower highs after each test of 1.3 area. Divergence is there only becouse price is trading in consolidation and the current fourth test might be a little bit more tricky. With current market conditions i would rather wait and prepare myself for the breakout to the downside but thats just me
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  • #105,299
  • Dec 20, 2011 3:00am Dec 20, 2011 3:00am
Good day all

A question for the pro's on the site here. The attached USD/CHF.... is the MACD divergence shown correct, or am I cheating by not taking into account the little hump in the middle of my divergence sketch?

thanks a lot and a Merry Christmas to all.

regards,
Dave
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  • #105,300
  • Dec 20, 2011 3:47am Dec 20, 2011 3:47am
See CAD (DAY) and AUDUSD(h4) - triangle
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