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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

  • #108,121
  • Feb 28, 2012 5:59am Feb 28, 2012 5:59am
Quoting jarroo
Not a bad level at all Pinbar . .I like this confluenced level on the Weekly . .Weekly HCR with the emas . .

yes, I was thinking you would like that area.

This was a Monthly + Daily level.
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  • #108,122
  • Feb 28, 2012 6:04am Feb 28, 2012 6:04am
Quoting Pinbar
yes, I was thinking you would like that area.

This was a Monthly + Daily level.
Quoting Pinbar
Another Damn cold here but, I am not letting that deter me.

Just looking at multiple TF levels, and how they seem to somehow be extra confluence and more PA seems to be around these levels, on a lower TF.


Very nice Pinbar . .absolutely when HCR/LCS levels line up with multiple TFs . . that's a confluence . .

Hope you feel better . .

Gotta go for now


Later,


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #108,123
  • Feb 28, 2012 6:18am Feb 28, 2012 6:18am
Quoting jarroo
Very nice Pinbar . .absolutely when HCR/LCS levels line up with multiple TFs . . that's a confluence . .

Hope you feel better . .

Gotta go for now


Later,


Jim
Thanks Jim.

Yeah, 5 hours of IV drips for the next two days, for both me and my wife.

-38C temps and low humidity let the flu run wild.
  • #108,124
  • Feb 28, 2012 6:51am Feb 28, 2012 6:51am
Quoting trc
I'm short again on this one.

Attachment
Hi Trc

What is the spread to trade this pair on your platform?

Olu
If you think you can or cannot do it you are correct
  • #108,125
  • Feb 28, 2012 7:07am Feb 28, 2012 7:07am
Quoting deankenny21
Well price usually retraces or is attracted to these number, not by coincidence but beause the big boys want thier orders filled so price will get moved to these areas more times than not, so the big boys can have thier trade filled at a good price, and yes 107 and 80 on ej and uj have been broken and are "UNTESTED" as resistence turned support, so this is why i would have liked the touch or piercing of these areas to be confident of going in, it may never go down there, thats no problem, just means i didnt lose anything, but while its unfilled...
Well price finally got back to 80 which was one of my watch areas, now creating a pin on the daily along with 365 holding the close up, so looking nice.
What i have quoted is a small example in this chart, see when it broke 80, the red candle yesterday went down but didnt quite hit 80, i saw a few ppl wanted to buy because its first time going back to 80, but unless its officially hit i feel uncomfortable as the big boys are unhappy thier orders didnt get filled so will somehow get price back down there, and todays candle has done just that
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  • #108,126
  • Feb 28, 2012 7:45am Feb 28, 2012 7:45am
Nice clean box I am watching here. Preferred breakout is the upside with the trend and BRN to our back
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  • #108,127
  • Feb 28, 2012 8:14am Feb 28, 2012 8:14am
Quoting Olu
Hi Trc

What is the spread to trade this pair on your platform?

Olu
Currently it's 2,2 pips but it is not fixed.
  • #108,128
  • Feb 28, 2012 8:34am Feb 28, 2012 8:34am
Quoting mbqb11
Nice clean box I am watching here. Preferred breakout is the upside with the trend and BRN to our back
This is my favorite !
Nice to see you watch it , also !!!
  • #108,129
  • Feb 28, 2012 9:30am Feb 28, 2012 9:30am
Quoting mbqb11
Nice clean box I am watching here. Preferred breakout is the upside with the trend and BRN to our back
Hi Mike, how are you?

I have been doing a lot of rereading of old posts from you and Jim and all the senior members.

How are you looking at this? Would it meet your requirements for a buy stop a few pips above the highs? Or is a retrace the preferable offer.
I have not found the criteria for taking a pure breakout yet on the site, so apologies if I am asking what has already been answered.
  • #108,130
  • Feb 28, 2012 10:18am Feb 28, 2012 10:18am
Quoting heebbyjeeby
Hi Mike, how are you?

I have been doing a lot of rereading of old posts from you and Jim and all the senior members.

How are you looking at this? Would it meet your requirements for a buy stop a few pips above the highs? Or is a retrace the preferable offer.
I have not found the criteria for taking a pure breakout yet on the site, so apologies if I am asking what has already been answered.
Hey Heebby

I rarely blind buy or sell breakout areas. The times I mostly do this are using multi bar highs. Or what James teaches as TBH(two bar high) TBL(two bar low). I like them when we have multi bar highs/lows

Check out these posts for them
http://www.forexfactory.com/showthre...23#post4459623
http://www.forexfactory.com/showthre...29#post4426829
http://www.forexfactory.com/showthre...12#post4430412
http://www.forexfactory.com/showthre...02#post3838802


For the above box I am watching for more information. This could come as a breakout and pullback, Or a continuation bar or as I call it a pre-emptive bar(say a BUOB breaking us out of the range).

Here are examples of patterns where we can do that as well
http://www.forexfactory.com/showthre...46#post4640646

best
Mike
  • #108,131
  • Feb 28, 2012 10:47am Feb 28, 2012 10:47am
Nice PB with trend on 1H after the US news, but what will happen on the Daily chart?!..the USD index helps a lot.
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Sniffing Snake's Tracks...
  • #108,132
  • Feb 28, 2012 10:50am Feb 28, 2012 10:50am
Will it break the IB on Daily to the north or to the south?!
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Sniffing Snake's Tracks...
  • #108,133
  • Feb 28, 2012 11:06am Feb 28, 2012 11:06am
hi Mike, how do you feel about elliott wave analysis??it is compatible with PA?
Thanks
  • #108,134
  • Feb 28, 2012 11:11am Feb 28, 2012 11:11am
Quoting mbqb11

Here are examples of patterns where we can do that as well
http://www.forexfactory.com/showthre...46#post4640646

best
Mike
Hi Mike, I love your posts, specially the last one.

Cheers,
Sniffing Snake's Tracks...
  • #108,135
  • Feb 28, 2012 11:28am Feb 28, 2012 11:28am
Quoting mbqb11
Hey Heebby

I rarely blind buy or sell breakout areas. The times I mostly do this are using multi bar highs. Or what James teaches as TBH(two bar high) TBL(two bar low). I like them when we have multi bar highs/lows

Check out these posts for them
http://www.forexfactory.com/showthre...23#post4459623
http://www.forexfactory.com/showthre...29#post4426829
http://www.forexfactory.com/showthre...12#post4430412
http://www.forexfactory.com/showthre...02#post3838802


For...

As always Mike, brilliant stuff.
Thank you so much
  • #108,136
  • Feb 28, 2012 11:39am Feb 28, 2012 11:39am
Quoting fafarafa
hi Mike, how do you feel about elliott wave analysis??it is compatible with PA?
Thanks
Hey Fafarafa

I personally never got into EW stuff. But it certainly is compatible and if anything probably makes it a lot better. Seekinglight is a big EW guy and PA as well.

I just never really got into that stuff myself

Best
Mike
  • #108,137
  • Feb 28, 2012 11:53am Feb 28, 2012 11:53am
Quoting FX.Sniffer
Hi Mike, I love your posts, specially the last one.

Cheers,
hey thanks sniffer
  • #108,138
  • Edited 2:55pm Feb 28, 2012 12:33pm | Edited 2:55pm
Quoting Rust
This is my favorite !
Nice to see you watch it , also !!!
Oh now i saw this was NZDHKD wow .... I am watching NZDUSD Looks pretty same

EDIT : WOW a deeper look and ... this pairs are exactly the same actually ! Seems HKD is tied with USD
  • #108,139
  • Feb 28, 2012 2:56pm Feb 28, 2012 2:56pm
Hey Guys,
I was wondering about this set-up, with a close of the cable above the ppz with a buob, got all the ema's as confluence too.

http://my.jetscreenshot.com/11256/m_...kjrb-108kb.jpg

What do you think?
  • #108,140
  • Feb 28, 2012 3:00pm Feb 28, 2012 3:00pm
Quoting FX.Sniffer
Nice PB with trend on 1H after the US news, but what will happen on the Daily chart?!..the USD index helps a lot.
Quoting jarroo
Yeah it looks like we're heading for some more down movement.


Look like we were both right on the USD index, Sniffer . ..

I just told the story a little differently . .
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Indicators show the past. Price Action "Indicates" the future.
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