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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

  • #106,081
  • Jan 19, 2012 10:33am Jan 19, 2012 10:33am
Quoting biDc
LCS - Lowest close of support
RTL - Rising trendline
DTL - Descending trendline
Thanks biDc. They've been added to my James16 "Glossary".

I would surmise that there is also an "HCR"- Highest close of resistance. Correct?
Where I've been, Ive been. Where I'm going, I'll go. I'm here now.
  • #106,082
  • Jan 19, 2012 10:42am Jan 19, 2012 10:42am
Quoting aserbfx
german tui on daily. break of the 5 eur today.
+7% so far.
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meine augen sind die sterne
  • #106,083
  • Jan 19, 2012 10:44am Jan 19, 2012 10:44am
Quoting DropThumb
Thanks biDc. They've been added to my James16 "Glossary".

I would surmise that there is also an "HCR"- Highest close of resistance. Correct?
Yep!

DBHLC right off PPZ and DTL on silver
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  • #106,084
  • Jan 19, 2012 10:55am Jan 19, 2012 10:55am
Quoting Pinbar
It seems like the thread has lot of new people.
Here is my way of giving a very small portion of what I have learned here and the PF back.
It is just a very simple way to find the main PPZ in an area and shows how we can ass just a few lines to the large time frames and find PA on the weekly and daily charts, that will be reliable. I say reliable, I mean rather than finding a one hour PA bar at an area of little importance.
I actually miss speak in this video and call a BEOB a BUEOB, you know what I mean. The upload time from over here in China...
Awesome video Pinbar!

I think of Price Pivot Zones as 'unfair' prices, meaning that price doesn't like to hang around there for too long.
Usually when Price approaches a PPZ it is immediately rejected. Or it cuts through very quickly in order to find value (another range) higher or lower. Creating the boxing effect that Mike and James often speak about
  • #106,085
  • Jan 19, 2012 12:06pm Jan 19, 2012 12:06pm
Quoting jarroo
That was a great level, Pinbar . . Even if we look at the "damn gap" level on the Hourly we can see how reactive it was.

A nice build of Support like this one, even in the middle of everything, should have given a bigger bounce upward.

This put the "dead" in the dead cat bounce at this level. No surprise that the strong momentum pushed it strongly downward.

. .and then we see what stops this downward movement . .another Weekly swing point and its LCS.
Hi Jaroo,

I like your charts. They are very clean and neat. Where do you get these charts?

Thanks
vyky
  • #106,086
  • Jan 19, 2012 12:16pm Jan 19, 2012 12:16pm
aud/jpy H4-pinbar. fighting against two strong upbars. near the 80 round number. bad r:r, therefore i would skip this setup.
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meine augen sind die sterne
  • #106,087
  • Jan 19, 2012 1:00pm Jan 19, 2012 1:00pm
Quoting biDc
Yep!

DBHLC right off PPZ and DTL on silver
Looks like a nice little divergence on the RSI too. It will be at least a few months before I'm looking at 4H charts, but I'm already seeing a much clearer view of things thanks to this thread and the charts you guys post.
Where I've been, Ive been. Where I'm going, I'll go. I'm here now.
  • #106,088
  • Jan 19, 2012 3:34pm Jan 19, 2012 3:34pm
Still learning but something caught my eye this morning. 5 daily closes just at support. Interested to see what happens when we have a close below .93,

Happy Trading
Thomas
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  • #106,089
  • Jan 19, 2012 3:45pm Jan 19, 2012 3:45pm
Looks like a large pin bar forming on the daily U/C. On my chart it's paired with some fib confluence and a bounce off the 150 sma.

I have no idea how to post a chart, but I would love to hear thoughts on this pair from some of the gurus. Is there anything I'm not seeing here?

This is the 3rd time it's tested this level in the last 60 days. Any significance there?
Where I've been, Ive been. Where I'm going, I'll go. I'm here now.
  • #106,090
  • Edited 4:31pm Jan 19, 2012 3:57pm | Edited 4:31pm
Quoting Jonnyislost
Awesome video Pinbar!

I think of Price Pivot Zones as 'unfair' prices, meaning that price doesn't like to hang around there for too long.
Usually when Price approaches a PPZ it is immediately rejected. Or it cuts through very quickly in order to find value (another range) higher or lower. Creating the boxing effect that Mike and James often speak about

Hey J

Haven't seen you around in a while. Been busy?

Thanks for the kind comments folks, it was just something to try to help new people look at the larger time frames. No big deal.
  • #106,091
  • Jan 19, 2012 4:13pm Jan 19, 2012 4:13pm
Quoting DropThumb
Looks like a large pin bar forming on the daily U/C. On my chart it's paired with some fib confluence and a bounce off the 150 sma.

I have no idea how to post a chart, but I would love to hear thoughts on this pair from some of the gurus. Is there anything I'm not seeing here?

This is the 3rd time it's tested this level in the last 60 days. Any significance there?
I'm no guru but that is indeed a pinbar though if it closes green it will be better.
  • #106,092
  • Jan 19, 2012 4:27pm Jan 19, 2012 4:27pm
GJ put the brakes on at the more shallow swing point but, still managed to close above on the area on the daily, by a tad. However, I did not like the deep penetration of this area.


Let's see how it reacts to the deeper SP & the 120 RN.
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  • #106,093
  • Jan 19, 2012 4:35pm Jan 19, 2012 4:35pm
Quoting DropThumb
Looks like a large pin bar forming on the daily U/C. On my chart it's paired with some fib confluence and a bounce off the 150 sma.

I have no idea how to post a chart, but I would love to hear thoughts on this pair from some of the gurus. Is there anything I'm not seeing here?

This is the 3rd time it's tested this level in the last 60 days. Any significance there?

Interesting area
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  • #106,094
  • Jan 19, 2012 4:47pm Jan 19, 2012 4:47pm
Quoting Rust
Nice vid pin ! Didn't know chinese guys have such good pronunciation !
Probably don't, at least not the ones I teach.

Personally, being from England probably helps, LOL
  • #106,095
  • Jan 19, 2012 6:44pm Jan 19, 2012 6:44pm
Quoting Pinbar
It seems like the thread has lot of new people.
Here is my way of giving a very small portion of what I have learned here and the PF back.
Thanks for the video. I am too are too stuck on shorter timeframes and I just need to hear it over and over again (to focus on larger tfs).
  • #106,096
  • Jan 19, 2012 7:08pm Jan 19, 2012 7:08pm
just finished scrolling through charts. looks like usd/cad is the game of the day to play
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  • #106,097
  • Jan 19, 2012 8:39pm Jan 19, 2012 8:39pm
WAT THE F!!(n its a daily chart)
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  • #106,098
  • Jan 19, 2012 8:46pm Jan 19, 2012 8:46pm
Quoting AvanishDemo
WAT THE F!!(n its a daily chart)
Damn demo feeds....
  • #106,099
  • Jan 19, 2012 8:52pm Jan 19, 2012 8:52pm
Quoting gungriffin
Damn demo feeds....
lol yeah..
never saw such thing in my MT4 platform...later realised it must be corrupt data!
  • #106,100
  • Jan 19, 2012 9:26pm Jan 19, 2012 9:26pm
Potential trouble area for Pin in U/C, also wouldn't you want the Pin to be bigger (ideally)?
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