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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

  • #107,921
  • Feb 24, 2012 12:36pm Feb 24, 2012 12:36pm
This pair looks interesting, it is at resistance, BRN, fibo, TL, and top of box, i will wait to price close above 1.59 and then enter long at retrace, 1.59 level will become support, I will be glade to know a point of view from seniors, thanks
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Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #107,922
  • Feb 24, 2012 12:40pm Feb 24, 2012 12:40pm
Quoting heebbyjeeby


http://my.jetscreenshot.com/11256/m_...-7mgi-91kb.jpg


This was not an A+ trade, but I felt I had enough reasons to try it.
paint sucks
Hero calls followed by margin calls...
  • #107,923
  • Feb 24, 2012 12:44pm Feb 24, 2012 12:44pm
Quoting PhAnTi'
paint sucks

http://my.jetscreenshot.com/11256/m_...-ymrb-85kb.jpg



Im lazy haha
  • #107,924
  • Feb 24, 2012 12:53pm Feb 24, 2012 12:53pm
Quoting heebbyjeeby





This was not an A+ trade, but I felt I had enough reasons to try it.
I'm in this trade with you though a little bit different feed. My SL is just underneath the round number giving me a smaller stop. Initially I planned on scaling in but I missed my boat on that retrace. This one will need tight management since overhead space is a little bit messy.
  • #107,925
  • Feb 24, 2012 12:56pm Feb 24, 2012 12:56pm
Quoting 5.25
For all you Hasselhoff fans...
Nice little pop on the Hoff. Weekly PB shaping up nicely.
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  • #107,926
  • Feb 24, 2012 1:01pm Feb 24, 2012 1:01pm
Quoting 5.25
Nice little pop on the Hoff. Weekly PB shaping up nicely.
Hey 5.25,

How will you look to play this when the week closes? Or are you already in it?
  • #107,927
  • Feb 24, 2012 2:18pm Feb 24, 2012 2:18pm
Quoting smozmo
This pair looks interesting, it is at resistance, BRN, fibo, TL, and top of box, i will wait to price close above 1.59 and then enter long at retrace, 1.59 level will become support, I will be glade to know a point of view from seniors, thanks
Hey Smozmo

We are certainly boxing here so if price ca get above the upper box there is a good chance it will turn to support. We also have the BRN of 1.6 close by as you pointed too

I am not completely interested in this pair because of this choppier nature.

I am watching this though which gives a better perspective on why things are like this

Best
Mike
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  • #107,928
  • Edited Feb 25, 2012 2:23am Feb 24, 2012 2:52pm | Edited Feb 25, 2012 2:23am
Quoting james16
charts

UsdCad chart . ."These are the kind of areas that if I lose, then so be it . .cause I aint gonna lose often".

I wouldn't even say that, Jim . .I would say, . ." . .if they lose . .its going the other way" . its a win-win . . . . . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #107,929
  • Feb 24, 2012 2:58pm Feb 24, 2012 2:58pm
Quoting beebolbod
Indeed. But i'm not in it. AGAIN!!!! One day i'll get this right.
I have no doubt that you will, beebo . . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,930
  • Feb 24, 2012 3:04pm Feb 24, 2012 3:04pm
Quoting FX.Sniffer
There was a PB on the weekly at fib 38 forming a LH (I know it wasn't the perfect PB). Now on the daily a LH was confirmed and a LL is almost there if we look at the line chart.
I'm waiting for the marked up scenario on my daily chart or close to it.
In reference to my above post about the cable, price reached a minor resistance and passed through it when I was expecting it to rebound, but I do trade what I see and not what I expect. So I went long and closed my position at the weekly major resistance.
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Sniffing Snake's Tracks...
  • #107,931
  • Edited 3:27pm Feb 24, 2012 3:05pm | Edited 3:27pm
Quoting Pinbar
All credit goes to you my friend.

Another 45 pips and we may have a weekly BUEOB.
Not holding my breath over it though.

PS: I learned that the middle is tricky and the areas were we find multiple TF HCR & LCS are the best.
This one had the weekly and daily levels confluencing.

Yes, multiple TF HCR & LCS line ups are good and also HCR/LCS levels that line up at the same level i.e. Dual Acton levels.


I see you're using 4 Hour HCR/LCS level as targets on the 4 Hour . .this is fine to do, but remember this is a Weekly level so we have Weekly targets (previous Highs and Lows). Put those Weekly targets on your chart and then show the 4 Hour time frame . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,932
  • Feb 24, 2012 3:06pm Feb 24, 2012 3:06pm
Quoting mbqb11
Hey Smozmo

We are certainly boxing here so if price ca get above the upper box there is a good chance it will turn to support. We also have the BRN of 1.6 close by as you pointed too

I am not completely interested in this pair because of this choppier nature.

I am watching this though which gives a better perspective on why things are like this

Best
Mike
Thanks
Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #107,933
  • Feb 24, 2012 3:25pm Feb 24, 2012 3:25pm
Quoting FX.Sniffer
In reference to my above post about the cable, price reached a minor resistance and passed through it when I was expecting it to rebound, but I do trade what I see and not what I expect. So I went long and closed my position at the weekly major resistance.

Hey Sniffer . .I thought I would show how your PPZ level and the LCS level work out very nicely. . .you were right that Price did move down at the PPZ level . .

The 4 Hour showed that these Daily levels were very vaild and confluenced . .charts.

Its just how I saw things . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #107,934
  • Feb 24, 2012 3:35pm Feb 24, 2012 3:35pm
Quoting FX.Sniffer
I don't know if anyone has done this before or not, but I'd like to contribute to this great thread. Attached below a complete 362 organized charts posted by the man himself in this thread since the beginning up to date. I hope it helps.

Thanks James, Mike, jarroo, raczekfx and all the other great members.

Happy trading.

Cheers,

These are great . .thanks Sniffer . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,935
  • Feb 24, 2012 3:48pm Feb 24, 2012 3:48pm
This forum is lively today, good to see you all :-)
Here is my only trade this week, it was a small IB on the eurusd. I liked it due to finding support on the 1.32 as well as some of the 4hr price action. Nice small size was good for 50 pips stop size. This may be a bit greedy, and I will trail this out as best as I can without giving too much away, but I am looking to the 10/28 highs as a potential final target. There's obviously alot of resistance to get through before we get there but I like how alot of other pairs and even the S&P and DOW are either making their way towards or are already above their 10/28 highs.
Have a great weekend all. Love, Peace, and fresh spring water for everyone. (findaspring.com) :-)
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Price is beautiful. A repetitive method is a competitive method.
  • #107,936
  • Feb 24, 2012 3:55pm Feb 24, 2012 3:55pm
Here's a trade I wanted to take but the broker I am with does not allow me to trade silver. Traded it in my demo account just for the pleasure. I liked that it formed on a PPZ, at a three weekish "swing low" if you can call it that.
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Price is beautiful. A repetitive method is a competitive method.
  • #107,937
  • Feb 24, 2012 3:55pm Feb 24, 2012 3:55pm
Quoting beebolbod
Attachment

I knew it . . . .nice one beebo . . . .that's a crazy cross too . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,938
  • Feb 24, 2012 4:02pm Feb 24, 2012 4:02pm
Quoting jarroo
Hey Sniffer . .I thought I would show how your PPZ level and the LCS level work out very nicely. . .you were right that Price did move down at the PPZ level . .

The 4 Hour showed that these Daily levels were very vaild and confluenced . .charts.

Its just how I saw things . .


Jim
Hey Jim, wow you really know how to show things anyway yes the price moved down but didn't reach and break the weekly HCR on your chart as I was predicting it would.

Have a great weekend.
Sniffing Snake's Tracks...
  • #107,939
  • Feb 24, 2012 4:07pm Feb 24, 2012 4:07pm
Quoting jarroo
These are great . .thanks Sniffer . .
You're welcome. I've learned a lot from these charts.
Sniffing Snake's Tracks...
  • #107,940
  • Feb 24, 2012 4:09pm Feb 24, 2012 4:09pm
Quoting FX.Sniffer
Hey Jim, wow you really know how to show things anyway yes the price moved down but didn't reach and break the weekly HCR on your chart as I was predicting it would.

Have a great weekend.
Thanks Snif . .Looks like we are consolidaing and we start all over again .
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Indicators show the past. Price Action "Indicates" the future.
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