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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

  • #110,381
  • Apr 17, 2012 7:34am Apr 17, 2012 7:34am
Quoting Greenhaze
Hey Jarroo,

It doesnt really matter which pb you take here. CHFJPY is practically the same as EURCHF becouse of the eurchf floor. By technical definition its PB by proxy (open and close below the last bar body) but the stops below the support have been triggered and that is major reason to take it for me ..... Right now its flirting with my stop area and as you said.... 105.50 is the key here.

All the best!
gh
I see ..the ChfJpy and EurChf . .I think . .I like hanging around you GH, you're a smart guy . ..

Nice trade on the EurJpy . .clear levels . .clear targets. I like your 106.65 (HCR) target. Just got to get past the 106. confluenced level. .
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Indicators show the past. Price Action "Indicates" the future.
  • #110,382
  • Apr 17, 2012 7:55am Apr 17, 2012 7:55am
Quoting gadogado
Nice chart sir.

I have a question with this EUR/AUD. If you take this trade, when do you put the buy limit order, after the third bearish bar in row formed or before? when I saw the third bearish bar formed, I have deleted my buy order because I guess that level will broken.


gado
You just have to trust the level's strength and this being a Weekly and Daily HCR . .meaning that it was a HCR level on multiple Higher TFs . . showed itself as a strong level.

This sucker was so strong that it could even break on the 15 min TF .. lol. . .No close below on the 15min..
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Indicators show the past. Price Action "Indicates" the future.
  • #110,383
  • Apr 17, 2012 8:24am Apr 17, 2012 8:24am
I have an order pending on the usdnok....BEOB at 50% ret level, with strong close, engulfing previous 7 bars. Order hasn't triggered yet.
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  • #110,384
  • Apr 17, 2012 8:30am Apr 17, 2012 8:30am
Quoting geniusztc
break or not?
Hitting or breaking through is good (profit taking) . .break and close above; better . .break and close above and no close below; best . .
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Indicators show the past. Price Action "Indicates" the future.
  • #110,385
  • Apr 17, 2012 8:36am Apr 17, 2012 8:36am
cadch.....9257 is a daily hcr on my feed. Currently looking for it to act as resistance until a 4H or daily close above. Strong reactions in the past. Current move up is strong though.
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  • #110,386
  • Apr 17, 2012 8:44am Apr 17, 2012 8:44am
Quoting Donkey
I have an order pending on the usdnok....BEOB at 50% ret level, with strong close, engulfing previous 7 bars. Order hasn't triggered yet.
That BEOB may have the momentum it needs to smash through the 5.7419 HCR confluenced level. Would have liked a Daily Close below this level .

That HCR at the 5.8227 was tight . .

Good to see you, D ..

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #110,387
  • Apr 17, 2012 9:25am Apr 17, 2012 9:25am
[quote=Donkey;5581520]
Quote
I have an order pending on the usdnok....BEOB at 50% ret level, with strong close, engulfing previous 7 bars. Order hasn't triggered yet.
Hi Donkey
I saw it too, but the confluence (red circle) made me to stay out...to diffficult till the long time TL....but I took USDSEK because the lack of the important levels till the same long term TL and its closer bellow the upper TL.
The upper TL is still acting as resistance, making the today candle retreacement. My target is long time TL as support....Just mine.
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Nothing personal,just business
  • #110,388
  • Apr 17, 2012 9:53am Apr 17, 2012 9:53am
USDCAD breaking down ... whats the plan guys? sell @ 0.9900? or 0.9850?
maybe skip for a while?... but should be nice move after such consolidation if closes below those levels. will wait for clearer picture.
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all is eternal - this is good news for people who loves bad news
  • #110,389
  • Apr 17, 2012 9:59am Apr 17, 2012 9:59am
Quoting meshka
USDCAD breaking down ... whats the plan guys? sell @ 0.9900? or 0.9850?
maybe skip for a while?... but should be nice move after such consolidation if closes below those levels. will wait for clearer picture.
I'm in wait mode. I still would love to see us round off like the gbp/aud did not to far back. The real clean trade is if we get above that parity level for good. Downside is more troublesome for me because the pattern is not as clear for me. If we can get under this "range" we certainly have a lot to get back through be it up or down. I still think the upside would be easier to find a clean trade. Until then all hands off deck on this one for me

Best
Mike
  • #110,390
  • Apr 17, 2012 10:00am Apr 17, 2012 10:00am
Quoting TradingTexan
Hello gentlemen,
I am new to posting on here, I have been reading this crazy long thread for a while trying to learn everything I can. I also am trying to keep up with the current stuff and look at my charts while looking at the examples yall are providing. I am having a difficult time keeping up with some of the shorthand on here, and if you wouldnt mind answering a few questions.

What is PB stand for?
What does HCR and LCS stand for.

I am already demo trading, with a small amount of success(not much), and I wont bombard yall with questions(I...
I see someone answered your questions but just thought I would say welcome

Mike
  • #110,391
  • Apr 17, 2012 10:03am Apr 17, 2012 10:03am
Taken the 4 our pin bar off the trendline and just below the daily HCR 1.9544

Half off the table with 1.9382 and SL to BE.

Going well.
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  • #110,392
  • Apr 17, 2012 10:10am Apr 17, 2012 10:10am
yeah I dont expected downside too.. messy picture overall.. unclear waters
I have itchy fingers so will hold myself and practice donotovertrading
all is eternal - this is good news for people who loves bad news
  • #110,393
  • Apr 17, 2012 10:59am Apr 17, 2012 10:59am
Hi everybody.

I am glad to be here so much people here.
I am not a stupid boy, but i can not go forward in forex, so i need some help!!!

1: What pairs and instrument does James use??? If I am very-very picky, than i have in one pair 1 entry in 2-3 years, so i need at least 40-50 instrumentums, and these have not corralation each other. PLEASE WRITE TO ME THE INSTRUMENTUMS and A BROKER...

2: Tell me something in connection with James strategy. I dont understand at all. He is speaking about PA, but a lot of time these doesnt work to me...

Thank you!!!
  • #110,394
  • Apr 17, 2012 11:08am Apr 17, 2012 11:08am
Quoting Zeee86

1: What pairs and instrument does James use??? If I am very-very picky, than i have in one pair 1 entry in 2-3 years, so i need at least 40-50 instrumentums, and these have not corralation each other. PLEASE WRITE TO ME THE INSTRUMENTUMS and A BROKER...

2: Tell me something in connection with James strategy. I dont understand at all. He is speaking about PA, but a lot of time these doesnt work to me...
Quoting james16
hey merlin, i keep an eye on

currency futures: bp, jy, sf, cd, cd, efx

oats, wheat, corn, soybeans

mini dow, mini sp, mini russell, mini nasdaq

mini oil, gas

tbonds, ten year notes

silver, gold, copper

cattle, hogs, pork bellies

around ten pairs forex.


i dont trade the NY merc commodities because i think they charge to much, sugar, coffee etc. i may break down someday.
^ post 115

broker: I use citifx pro but its a $10,000 minimum and I do Not suggest spending so much your first time 'round. best broker would be any demo account

PA is price analysis..

PA bar setups (quoted from Wiz):
Inside bars
Pin bars
Bullish outside vertical bars
Bearish outside vertical bars
Two bar matching lows with second bar making a higher close
Two bar matching highs with second bar making a lower close

These bar setups, used in accordance with (also from Wiz):

Ema's (there are many but the 150 and 365 are very popular)
Fibonacci levels
Support/Resistance pivots
Pivot point calculations
Swing lows/highs
Trend Lines

Will get you the results you need if you are patient and disciplined.
I do not take credit for most of what I just posted. I hope it helps!
  • #110,395
  • Apr 17, 2012 11:12am Apr 17, 2012 11:12am
Quoting 4tiger
^ post 115
thanks tiger!, also I know James watches much more than ten fx pairs nowadays.

Best
Mike
  • #110,396
  • Apr 17, 2012 11:21am Apr 17, 2012 11:21am
Quoting jarroo
You just have to trust the level's strength and this being a Weekly and Daily HCR . .meaning that it was a HCR level on multiple Higher TFs . . showed itself as a strong level.

This sucker was so strong that it could even break on the 15 min TF .. lol. . .No close below on the 15min..
Thank's sir. trust and building the confident are the key.


gado
  • #110,397
  • Apr 17, 2012 11:35am Apr 17, 2012 11:35am
EUR NZD and NZD CHF , both pairs seems to be inversely correlated ... NZD CHF H4 if forming Head and shoulders , and Eur NZD on H4 is forming Inverse head and shoulders .....

Both seems to be moving with the flow ... Help me out people , if price action occurs , then thats good . But if it does not appear , Then WHAT ?

Note : There are big round numbers in both of their ways if they do work out !!!
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Human
  • #110,398
  • Apr 17, 2012 11:49am Apr 17, 2012 11:49am
Quoting dan89
EA 4hr analysis ..looking for PA at this area

Attachment
Update: Moved as expected

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  • #110,399
  • Apr 17, 2012 11:51am Apr 17, 2012 11:51am
Quoting mbqb11
thanks tiger!, also I know James watches much more than ten fx pairs nowadays.

Best
Mike
Thanks Tiger the fast answer. He is watching the forex pairs by citifx, and what about the others??? Which broker does he use? ANd you??? You are trading only with forex pairs??
  • #110,400
  • Apr 17, 2012 11:55am Apr 17, 2012 11:55am
Quoting Zeee86
Thanks Tiger the fast answer. He is watching the forex pairs by citifx, and what about the others??? Which broker does he use? ANd you??? You are trading only with forex pairs??
Hey Zee

I use many brokers, and trade FX and equities mostly


I watch roughly 80 or so FX pairs. I never really counted the actual number, but if it moves I probably watch it

The more the merrier

Best
Mike
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