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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

  • #107,341
  • Feb 14, 2012 10:17am Feb 14, 2012 10:17am
Quoting luca m.
An hell of a fight around this weekl resistence/RN.
Would like to see Price Close above that level on the Daily. .
Indicators show the past. Price Action "Indicates" the future.
  • #107,342
  • Feb 14, 2012 12:51pm Feb 14, 2012 12:51pm
Quoting jarroo
Would like to see Price Close above that level on the Daily. .
Yes. Same here. Except I'm riding the USD/JPY escalator.
Gone to a better place
  • #107,343
  • Feb 14, 2012 12:54pm Feb 14, 2012 12:54pm
Quoting james16
CHART
Great post and observations, thank you. It seems as though, later, we needed to test '32 again and take out some stops...
Gone to a better place
  • #107,344
  • Feb 14, 2012 1:09pm Feb 14, 2012 1:09pm
My SL is very tight, watching closely.
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  • #107,345
  • Feb 14, 2012 2:25pm Feb 14, 2012 2:25pm
Quoting jarroo
You can search out Mike's posts on BRNs in this thread (Search This Thread) he has alot of great info on them. BRNs and RNs tend to be psychological numbers, where market order flow gathers.
Yes his post's are very informative, thank you!

Quoting jarroo
Have you check your Eur/ Jpy chart ?. .
I had traded CAD/JPY which had a similar entry to EUR/JPY and was stopped out after it hit the fist FTA. Either way I was watching both EUR/JPY AND CAD/JPY retouch the HCR again today and bounce off the 150 on the hourly but I didn't see any good PA to enter.
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  • #107,346
  • Feb 14, 2012 2:47pm Feb 14, 2012 2:47pm
Quoting smikester
Yes. Same here. Except I'm riding the USD/JPY escalator.
Nice one smikester . . Once that PB (in green) off previous support couldn't break . .I knew something was up. . .and upward it was . .

(sorry for the messy chart)

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #107,347
  • Feb 14, 2012 2:52pm Feb 14, 2012 2:52pm
Quoting fxkaka
My SL is very tight, watching closely.
Hey Kaykay ..

I see you were looking at this Euro Daily LCS (in white). I like your 1.3080 level I see on your chart . . much much stronger, better history.

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Indicators show the past. Price Action "Indicates" the future.
  • #107,348
  • Feb 14, 2012 2:58pm Feb 14, 2012 2:58pm
Quoting fxkaka
My SL is very tight, watching closely.

I got the same Weekly HCR levels KayKay . . on the GU . .
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Indicators show the past. Price Action "Indicates" the future.
  • #107,349
  • Feb 14, 2012 3:04pm Feb 14, 2012 3:04pm
Quoting equivestor12
Yes his post's are very informative, thank you!



I had traded CAD/JPY which had a similar entry to EUR/JPY and was stopped out after it hit the fist FTA. Either way I was watching both EUR/JPY AND CAD/JPY retouch the HCR again today and bounce off the 150 on the hourly but I didn't see any good PA to enter.

So you were stopped out at the 1st FTA on the CadJpy for profit at that 1st FTA? (please say "yes" . )

No PA, no trade . .not a bad discipline to have, equivestor . . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,350
  • Feb 14, 2012 3:14pm Feb 14, 2012 3:14pm
Quoting jarroo
Hey Kaykay ..

I see you were looking at this Euro Daily LCS (in white). I like your 1.3080 level I see on your chart . . much much stronger, better history.

Yes 1.3080 was stronger level, I was a little impatient..
  • #107,351
  • Edited 3:39pm Feb 14, 2012 3:29pm | Edited 3:39pm
Quoting jarroo
I got the same Weekly HCR levels KayKay . . on the GU . .
Thanks ... I am very glad that I improved a lit bit and can spot the level. Thanks again for your help and encouragement. It is all due to your guidance.
  • #107,352
  • Feb 14, 2012 3:31pm Feb 14, 2012 3:31pm
It is still 30 min. left to close the daily candle. If it is closed above the level then I will look for buy setup at 78.24 - 78.18 area.
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  • #107,353
  • Feb 14, 2012 3:36pm Feb 14, 2012 3:36pm
A few pinbars about to form across H4 charts of several pairs. This one is my favorite of those.
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  • #107,354
  • Feb 14, 2012 4:09pm Feb 14, 2012 4:09pm
As previously pointed out UJ managed to break this very well defined area. Some guys will probably want to play it with tighter stop and m15 TF presents a good long opportunity. Very good res turned to support and at this m15 level we have long-term and short-term buy orders awaiting to be filled. I would be a bit surprised to see larger drawdown then couple pips if price will get there.
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  • #107,355
  • Feb 14, 2012 4:16pm Feb 14, 2012 4:16pm
Quoting Greenhaze
As previously pointed out UJ managed to break this very well defined area. Some guys will probably want to play it with tighter stop and m15 TF presents a good long opportunity. Very good res turned to support and at this m15 level we have long-term and short-term buy orders awaiting to be filled. I would be a bit surprised to see larger drawdown then couple pips if price will get there.
and just another viewpoint since this ones a hot topic here
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  • #107,356
  • Feb 14, 2012 4:47pm Feb 14, 2012 4:47pm
Quoting fxkaka
It is still 30 min. left to close the daily candle. If it is closed above the level then I will look for buy setup at 78.24 - 78.18 area.
Hey FxKaka, good to see you here

T
  • #107,357
  • Feb 14, 2012 5:11pm Feb 14, 2012 5:11pm
Wasn't too interested in this pinbar initially but it was able to close below 9200 which sparked my interest
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  • #107,358
  • Feb 14, 2012 5:12pm Feb 14, 2012 5:12pm
Quoting 5.25
Hey FxKaka, good to see you here

T
Thanks, I need more learning and guidance from you guys.
  • #107,359
  • Feb 14, 2012 8:11pm Feb 14, 2012 8:11pm
Quoting mbqb11
aaaaaah, thats college all over again, pbr is nasty lol(but cheap and plentiful)

I am a magic hat #9 guy(brewed in my college town) drinking one now taking it easy

then again I'll drink anything when it comes down to it LOL
Hey Mike......Was just reading through your posts(its taking awhile) and noticed you like #9. Im guessing you maybe went to UVM. I live and work close by to btown. Many great beers brewed in VT. I got some of my own fermenting right now.
By the way thanks for all you do here! That goes for everyone that contributes to this thread. Its has totally changed the way I view and treat this business. Thanks.

Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #107,360
  • Feb 14, 2012 8:16pm Feb 14, 2012 8:16pm
Quoting rolo1128
Hey Mike......Was just reading through your posts(its taking awhile) and noticed you like #9. Im guessing you maybe went to UVM. I live and work close by to btown. Many great beers brewed in VT. I got some of my own fermenting right now.
By the way thanks for all you do here! That goes for everyone that contributes to this thread. Its has totally changed the way I view and treat this business. Thanks.

Rolo
I like this post because you used the word "business"

once you get this established in your brain you are already halfway there
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