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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

  • #111,701
  • May 13, 2012 8:20am May 13, 2012 8:20am
german symrise on weekly.
breakout on high volume.
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meine augen sind die sterne
  • #111,702
  • May 13, 2012 11:00am May 13, 2012 11:00am
Quoting gadogado
A couple chart this week... USD/CAD is choppier than GU and UJ


Quoting jarroo
I like it Que . . . .From a Weekly and Daily perspective.

Jim

Great charts gado . .

The Weekly levels worked as predicted on the UsdJpy.

Your Daily chart looks right . .I like that Dual Action level at the 79.80ish.
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Indicators show the past. Price Action "Indicates" the future.
  • #111,703
  • May 13, 2012 11:20am May 13, 2012 11:20am
Quoting gadogado
A couple chart this week... USD/CAD is choppier than GU and UJ

I like that 1.6020ish level .Weekly and Daily HCR level.
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Indicators show the past. Price Action "Indicates" the future.
  • #111,704
  • May 13, 2012 11:34am May 13, 2012 11:34am
sohu.com on weekly.
below 45usd short with 40usd as target.
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meine augen sind die sterne
  • #111,705
  • May 13, 2012 11:40am May 13, 2012 11:40am
Quoting gadogado
A couple chart this week... USD/CAD is choppier than GU and UJ

Watching the Weekly LCS levels on the Euro, 1.2906-1.2875 . .should get a reaction there . .
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Indicators show the past. Price Action "Indicates" the future.
  • #111,706
  • May 13, 2012 11:53am May 13, 2012 11:53am
jarroo, you always draw 2 lines for the weekly; for the up and down bar.

Any special reason for that?
Thoughts are things
  • #111,707
  • May 13, 2012 12:20pm May 13, 2012 12:20pm
Quoting Quezoy
jarroo, you always draw 2 lines for the weekly; for the up and down bar.

Any special reason for that?
I draw two lines for the Weekly levels because of the damn gaps . .

Not sure what you mean by "up and down bar".
Indicators show the past. Price Action "Indicates" the future.
  • #111,708
  • May 13, 2012 12:35pm May 13, 2012 12:35pm
So my daily view is this ,really I don't think bearish week at all this pair more indifference as both Usd and Jpy will be strong



Quoting Bones
Well without going outside the theme of thread ,the location here is very important ,so one should watch closely I feel

It is a very sensitive area also long term tl has been taken these things could take time to resolve ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,709
  • May 13, 2012 12:36pm May 13, 2012 12:36pm
not below 79.53 not this week
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,710
  • May 13, 2012 1:00pm May 13, 2012 1:00pm
Quoting jarroo
I draw two lines for the Weekly levels because of the damn gaps . .

Not sure what you mean by "up and down bar".
Right. I see. Tnx.
Thoughts are things
  • #111,711
  • May 13, 2012 4:54pm May 13, 2012 4:54pm
Hey guys, I have a beginner question as I start to demo some setups. When you get a PA bar that you are ready to put a stop/limit order on from, say, a daily chart, does that order need to be filled at some point on the very next day? Or are you willing to keep the order active and let it be filled 2 or 3 days later?

Just wondering if these setups are good for awhile or if they don't trigger the very next day if they should be ignored/voided?

Thanks!
  • #111,712
  • May 13, 2012 4:59pm May 13, 2012 4:59pm
Hi everyone,

I also wanted to ask if anyone in this forum is going to the International Trader's Expo in Dallas in June? I am still new to trading and thought it sounded like an event worth going to, but am not sure. I realize this is off-topic, but does anyone know if this is worthwhile?

Thanks!
  • #111,713
  • May 13, 2012 5:05pm May 13, 2012 5:05pm
Quoting mbarker22
Hey guys, I have a beginner question as I start to demo some setups. When you get a PA bar that you are ready to put a stop/limit order on from, say, a daily chart, does that order need to be filled at some point on the very next day? Or are you willing to keep the order active and let it be filled 2 or 3 days later?

Just wondering if these setups are good for awhile or if they don't trigger the very next day if they should be ignored/voided?

Thanks!
Hey MB

Technically you can let the order sit for days if the price action is still valid. I like to have my orders trigger on the next bar it's a way I measure momentum of a setup. But this isn't always the case sometimes I let my order sit for multiple days, it really will depend on the situation for me.

Best
Mike
  • #111,714
  • May 13, 2012 5:23pm May 13, 2012 5:23pm
Thanks very much Mike! BTW, I have been viewing your videos in the guest section of the PF, they are great! Nice work, very helpful.

Quoting mbqb11
Hey MB

Technically you can let the order sit for days if the price action is still valid. I like to have my orders trigger on the next bar it's a way I measure momentum of a setup. But this isn't always the case sometimes I let my order sit for multiple days, it really will depend on the situation for me.

Best
Mike
  • #111,715
  • Edited 9:09pm May 13, 2012 8:56pm | Edited 9:09pm
Quoting jarroo
Great charts gado . .

The Weekly levels worked as predicted on the UsdJpy.

Your Daily chart looks right . .I like that Dual Action level at the 79.80ish.
That's LCS act perfectly as resistance again.

I didn't notice it. I never thought this level would play again, it's already act as resistance when it first PBTCB and act as support when it PBTCA. Is there any additional reason why this LCS can act as resistance again when it PBTCB again, beside it's a normal flip from support into resistance?

Quoting jarroo
I like that 1.6020ish level .Weekly and Daily HCR level.
Yes, sir. It line up perfectly.
  • #111,716
  • May 13, 2012 9:11pm May 13, 2012 9:11pm
Quoting jarroo
Watching the Weekly LCS levels on the Euro, 1.2906-1.2875 . .should get a reaction there . .
A good level to watch sir. This level is the same as LCS Weekly USD/JPY from your prev post but it hasn't broke down so it still act as support.

I have get rid off it with the same reason as UJ because it already act as resistance when PBTCB and as support went it PBTCA.
  • #111,717
  • May 14, 2012 6:11am May 14, 2012 6:11am
Quoting mbarker22
Hey guys, I have a beginner question as I start to demo some setups. When you get a PA bar that you are ready to put a stop/limit order on from, say, a daily chart, does that order need to be filled at some point on the very next day? Or are you willing to keep the order active and let it be filled 2 or 3 days later?

Just wondering if these setups are good for awhile or if they don't trigger the very next day if they should be ignored/voided?

Thanks!
I have nothing to add to Mike's answer, but excample of one setup where would been good to wait for few days.
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  • #111,718
  • May 14, 2012 6:29am May 14, 2012 6:29am
Quoting rami_8
I have nothing to add to Mike's answer, but excample of one setup where would been good to wait for few days.

U can show it as it is already happened..

but during the day??

Sonic
  • #111,719
  • May 14, 2012 6:36am May 14, 2012 6:36am
Quoting sonicdeejay
U can show it as it is already happened..

but during the day??

Sonic
That comes with practice

To get a better understanding of what will happen in the future, it's best to study the past like there's no tomorrow!
  • #111,720
  • May 14, 2012 6:40am May 14, 2012 6:40am
GBP/USD...

Price hits first target well and move the SL to BE. Later, got stop out...

http://www.forexfactory.com/attachme...2&d=1336869573
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