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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

  • #106,041
  • Jan 18, 2012 12:23pm Jan 18, 2012 12:23pm
Hello, guys. I'm trying to practice the art of finding price pivot zones. I started with the EUR/USD monthly chart, all the way back to 1989. I drew red lines at -00's and -50's and highlighted with yellow the places where price bounced off of these levels. Any feedback will be very appreciated. Thanks!
Attached Image (click to enlarge)
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  • #106,042
  • Jan 18, 2012 12:27pm Jan 18, 2012 12:27pm
Hello all ,

I was wondering if there are any videos that are posted around here that talk about the concepts you guys explain? I have read many of the postings and have printed out key pieces of learning material that I think are relevant, I was just curious if there are any videos out there by anyone here about this stuff. I realize there are videos on youtube and such but I am referring more to what is talked about here.

PS The things I have already learned from this website have kept me from losing money so thanks!!
"Greed is good,greed is right,greed works"
  • #106,043
  • Jan 18, 2012 12:44pm Jan 18, 2012 12:44pm
Quoting WHenderson
Hello, guys. I'm trying to practice the art of finding price pivot zones. I started with the EUR/USD monthly chart, all the way back to 1989. I drew red lines at -00's and -50's and highlighted with yellow the places where price bounced off of these levels. Any feedback will be very appreciated. Thanks!
Hey WH

Your chart is just fine. This is a tough timeframe/pair as well so it makes it even trickier to spot the PPZ in the chop. Just keep in mind that these are zones and that we can have very large ones and small ones. This is a tough pair to see some of the PPZs since their can be a lot since we are choppy


Best
Mike
  • #106,044
  • Jan 18, 2012 1:54pm Jan 18, 2012 1:54pm
Mike
Hello everyone

It seems to me to be strong in PINBAR aud/nzd

Should I take LONG?
  • #106,045
  • Jan 18, 2012 1:56pm Jan 18, 2012 1:56pm
Quoting Yehuda Sh
Mike
Hello everyone

It seems to me to be strong in PINBAR aud/nzd

Should I take LONG?
..
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  • #106,046
  • Jan 18, 2012 2:06pm Jan 18, 2012 2:06pm
Quoting Yehuda Sh
..
Hey Yehuda

I bet a bunch of people will take this one. Just be careful of the BRN and bar highs just above us(see chart)

Best
Mike
Attached Image (click to enlarge)
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  • #106,047
  • Jan 18, 2012 2:06pm Jan 18, 2012 2:06pm
Quoting Yehuda Sh
..
This Pin was created by an 80pip rise in 1 minute about 20 minutes ago. Stopped me out of a nice short that I was in! Anyone any idea what caused it?
  • #106,048
  • Jan 18, 2012 2:14pm Jan 18, 2012 2:14pm
GBPNZD pinbar too. Just hop it closes above the round number and alsoif it could challenge that lower support line too.
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  • #106,049
  • Jan 18, 2012 2:32pm Jan 18, 2012 2:32pm
Quoting mazdaq100
This Pin was created by an 80pip rise in 1 minute about 20 minutes ago. Stopped me out of a nice short that I was in! Anyone any idea what caused it?


Hello everyone
Published on CPI and that GR nzd per hashtollot
What do you think is it a good deal?
  • #106,050
  • Jan 18, 2012 2:38pm Jan 18, 2012 2:38pm
Quoting mbqb11
Hey WH

Your chart is just fine. This is a tough timeframe/pair as well so it makes it even trickier to spot the PPZ in the chop. Just keep in mind that these are zones and that we can have very large ones and small ones. This is a tough pair to see some of the PPZs since their can be a lot since we are choppy


Best
Mike
Thanks, Mike!
So, considering what you said, would you say it would be a better idea to focus on a zone near the current price, say 1.35-1.20, and start finding new ppz from the weekly or daily charts?

Thanks in advance,
William
  • #106,051
  • Jan 18, 2012 2:46pm Jan 18, 2012 2:46pm
Quoting WHenderson
Thanks, Mike!
So, considering what you said, would you say it would be a better idea to focus on a zone near the current price, say 1.35-1.20, and start finding new ppz from the weekly or daily charts?

Thanks in advance,
William
Hey William

I prefer to stick to the timeframe I am trading for MOST aspects of my trading. So if you are viewing the monthly chart then mark your monthly PPZs just as you did. If you are on the weekly, then use the weekly and so on. Of course MANY of them will blend naturally but it helps in my view keep some clutter off, focus in closer on the ebb and flow of your specific timeframe, and keeps things simple.

Let me know if this makes sense
Mike
  • #106,052
  • Jan 18, 2012 2:53pm Jan 18, 2012 2:53pm
Quoting mbqb11
Hey William

I prefer to stick to the timeframe I am trading for MOST aspects of my trading. So if you are viewing the monthly chart then mark your monthly PPZs just as you did. If you are on the weekly, then use the weekly and so on. Of course MANY of them will blend naturally but it helps in my view keep some clutter off, focus in closer on the ebb and flow of your specific timeframe, and keeps things simple.

Let me know if this makes sense
Mike
Got it, Mike. Yes, it does make sense: the last thing I want is a saturated chart. Thanks again for your feedback.
Cheers,
William
  • #106,053
  • Jan 18, 2012 4:33pm Jan 18, 2012 4:33pm
Quoting WHenderson
Hello, guys. I'm trying to practice the art of finding price pivot zones. I started with the EUR/USD monthly chart, all the way back to 1989. I drew red lines at -00's and -50's and highlighted with yellow the places where price bounced off of these levels. Any feedback will be very appreciated. Thanks!
Turning off the grid, will make it easier to see the PPZ areas.
  • #106,054
  • Jan 18, 2012 4:46pm Jan 18, 2012 4:46pm
Quoting Pinbar
Turning off the grid, will make it easier to see the PPZ areas.
Yeah, I've noticed that too. This time I just forgot to do it. Still, many thanks, Pinbar!

William
  • #106,055
  • Jan 18, 2012 5:11pm Jan 18, 2012 5:11pm
Quoting WHenderson
Yeah, I've noticed that too. This time I just forgot to do it. Still, many thanks, Pinbar!

William

I know where you are coming from, PPZ used to drive me insane.
I would start on the monthly, weekly, daily & H4, on 20 something pairs, 10 times a day. When I finished every pair, I would look back at the charts, and still find some more that I missed. someone actually commented, " I think you missed one". LOL the chart was already a birdcage with nowhere left to trade. Keep at it.
  • #106,056
  • Jan 18, 2012 5:18pm Jan 18, 2012 5:18pm
Hi there;
My first post in this thread. Saw this setup whilst I went through my charts this morning (I know I am not the first one posting the chart though).
Whilst I started preparing the chart, I was thinking about best area to enter the trade or generally setups that occur on daily or weekly timeframe.
Do you generally just enter on the break or do you look at smaller timeframes to fine tune the trade and minimize exposure?
In this example I came up with two scenarios:
Enter before break of Pin but wait for possible retracement to around 1.2915 - 1.2925 (5 min demand) and enter there (in hindsight that would have been a great choice as whilst I am writing this exactly that happened)
or
Wait for break and then enter on retracement (possibly looking for PA on smaller timeframes).
Would love to hear from others how they handle their entries.
Thanks
Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDNZD (Daily) 1_06_2011 - 20_01_2012.jpg Size: 113 KB
  • #106,057
  • Jan 18, 2012 5:39pm Jan 18, 2012 5:39pm
Quoting Pinbar
I know where you are coming from, PPZ used to drive me insane.
I would start on the monthly, weekly, daily & H4, on 20 something pairs, 10 times a day. When I finished every pair, I would look back at the charts, and still find some more that I missed. someone actually commented, " I think you missed one". LOL the chart was already a birdcage with nowhere left to trade. Keep at it.
Lol! That's exactly how I feel. I'll keep working on it, though.
William
  • #106,058
  • Jan 18, 2012 5:43pm Jan 18, 2012 5:43pm
Quoting hometrading
Hi there;
My first post in this thread. Saw this setup whilst I went through my charts this morning (I know I am not the first one posting the chart though).
Whilst I started preparing the chart, I was thinking about best area to enter the trade or generally setups that occur on daily or weekly timeframe.
[font=Calibri][size=3]Do you generally just enter on the break or do you look at smaller timeframes to fine tune the trade and minimize...

Not really much to look at size wise, and it is in traffic, with no space.
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  • #106,059
  • Jan 18, 2012 6:16pm Jan 18, 2012 6:16pm
Scanned the charts and no trade opportunities today. However, one thing that caught my attention is the PPZ for AUD/CHF. Tested 3x for support and price is approaching it again (this time confluence with RTL). Whether or not it will bounce there no one knows but that's an area to watch for PA or breakthrough and retest
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  • #106,060
  • Jan 18, 2012 10:37pm Jan 18, 2012 10:37pm
fdax approaching 6500 points. former resistance, round number and 200sma.
index is highly correlated to us-indexes, so be aware.
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