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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

  • #112,021
  • May 22, 2012 8:09am May 22, 2012 8:09am
Quoting Pinbar
Like the look of the monthly and weekly, lower level.
Hi Pinbar,

May I ask you a question, just for curiosity (I'm here to learn before even thinking of taking a trade ) ?

The 1565 seems to act as a strong S/R.

Looking at the monthly, I would think of a price breakthrough and close below before entering short and targeting 1510 and 1450 or so (do not have my MT4 at hand right now...).
But looking at the weekly, there is a nice bullish PB on the S/R, suggesting, if it breaks, a move toward 1630-1650. On the other hand, this PB is in a wedge (am I right?), suggesting this bullish move might not reach higher prices.

So, if I was to take a trade in this situation, I would think of first taking the break of the PB toward 1630, knowing it might not be a very strong move.
Then, I would wait for a bearish move breaking the 1565 S/R, and wait for the close of the monthly below the line to enter short, heading 1510 and 1450.

Does this make any sense?

Thanks a lot for your help!
Slow & steady
  • #112,022
  • May 22, 2012 8:28am May 22, 2012 8:28am
Quoting TorryMan
gadogado, i thought it was a pin for buy at GBP/USD... well, i need more practice and teaching
Hi sir. First, it's my first time making an explanation. I hope I don't make a mistake and confusing you, sir.

Yes, it was a pinbar, but the negative thing that I know why this PB not going up because it against very huge bearish trend, it trading into multiple resistance and the FTA (blue line) its very close. The blue line is already hit but unable to broke it.

That's all I know.

N.B : For senior member, if there is a mistake please correct it. If you confuse with my explaination, you could ask sir mike, jarroo or other senior member. I still learning in here.
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  • #112,023
  • May 22, 2012 8:34am May 22, 2012 8:34am
Quoting gadogado
Hi sir. First, it's my first time making an explanation. I hope I don't make a mistake and confusing you, sir.

Yes, it was a pinbar, but the negative thing that I know why this PB not going up because it against very huge bearish trend, it trading into multiple resistance and the FTA (blue line) its very close. The blue line is already hit but unable to broke it.

That's all I know.

N.B : For senior member, if there is a mistake please correct it. If you confuse with my explaination, you could ask sir mike, jarroo or other senior member....
Thanks man. I Think I need to use some more EMA or something else (I use 8EMA and 21EMA).
  • #112,024
  • May 22, 2012 8:45am May 22, 2012 8:45am
USD/JPY, weekly BEOB at swing low. Cut loss because lower TF close above the minor LCS Weekly.

sir jarroo, for USD/JPY and NZD/USD. Is my trade right or I deviate from the teachings?
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  • #112,025
  • May 22, 2012 9:01am May 22, 2012 9:01am
Quoting beebolbod
It's well worth noting that pretty much all these wide range bars get filled at some point. Look at any chart and you'll see these get covered (liquidity gaps). They represent imbalance and more often than not this is redressed.

Whether this means we look for longs or wait for the gaps to fill to get short again (my preference) is another story.

Lets see
This is one of the best pieces of info i've picked up in recent times. look how it's doing now. filling right back up. So when we see these, whether as part of our trades or when we miss stuff, it's a heads up that price will most likely come back to fill the bar.
  • #112,026
  • May 22, 2012 9:26am May 22, 2012 9:26am
Quoting beebolbod
This is one of the best pieces of info i've picked up in recent times. look how it's doing now. filling right back up. So when we see these, whether as part of our trades or when we miss stuff, it's a heads up that price will most likely come back to fill the bar.
Your taking about G/Y?
What is filling up, I dont really understand... You mean the retracement into the area of the strong downmove bar?
Thoughts are things
  • #112,027
  • May 22, 2012 10:08am May 22, 2012 10:08am
Quoting gadogado
Hi sir. First, it's my first time making an explanation. I hope I don't make a mistake and confusing you, sir.

Yes, it was a pinbar, but the negative thing that I know why this PB not going up because it against very huge bearish trend, it trading into multiple resistance and the FTA (blue line) its very close. The blue line is already hit but unable to broke it.

That's all I know.

N.B : For senior member, if there is a mistake please correct it. If you confuse with my explaination, you could ask sir mike, jarroo or other senior member....
fantastic Ga, that's what I would be thinking. If it doesn't break strong, GET OUT. So much better bars pop up then to mess around with the smaller ones.


Thanks for helping out G

Mike
  • #112,028
  • May 22, 2012 10:18am May 22, 2012 10:18am
My question on posting charts is after you click manage attachments,the next instruction click the "Browse" tab.But there is no browse tab so I am unable to bring the chart from the desk top over to the J 16 thread to upload it and post it on the thread ???? I just feel like I'm knee deep in yogurt. Help !!!!!
Conquer the beast with disciplined determination and intellegent control.
  • #112,029
  • May 22, 2012 10:22am May 22, 2012 10:22am
Quoting Pipzilla
My question on posting charts is after you click manage attachments,the next instruction click the "Browse" tab.But there is no browse tab so I am unable to bring the chart from the desk top over to the J 16 thread to upload it and post it on the thread ???? I just feel like I'm knee deep in yogurt. Help !!!!!
Hey Pip!

Let's get you out of that yogurt

If you click manage attachments and then the choose file button?

If that's not working could be something wrong with your browser. Try a different browser so you can localize the problem

Mike
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  • #112,030
  • May 22, 2012 10:28am May 22, 2012 10:28am
Quoting Quezoy
Your taking about G/Y?
What is filling up, I dont really understand... You mean the retracement into the area of the strong downmove bar?
Sorry... it was linked to another post from Dan Gilbert about UJ and the strong drop which caught some people out.
  • #112,031
  • May 22, 2012 10:49am May 22, 2012 10:49am
Quoting mbqb11
fantastic Ga, that's what I would be thinking. If it doesn't break strong, GET OUT. So much better bars pop up then to mess around with the smaller ones.


Thanks for helping out G

Mike
Thanks. I think that I do it.

May I ask you a question? What is a best way to remember all major bars?
  • #112,032
  • May 22, 2012 10:54am May 22, 2012 10:54am
Quoting TorryMan
Thanks. I think that I do it.

May I ask you a question? What is a best way to remember all major bars?
Just takes some time. I think going through your chart bar by bar and marking up what they are is a good starting place. Eventually you will see this stuff without literally thinking twice about what a bar is. Like learning a new language. You will be blown away where you can be in 3-6 months from now.

Here is a good chart reference pinbar made for everyone including terms we use. Good thing to print out and keep by your computer for now
http://www.forexfactory.com/showthre...57#post5442457


Mike
  • #112,033
  • May 22, 2012 11:12am May 22, 2012 11:12am
Mike,

How come James is not posting any charts?.

He also said he would be uploading videos?
  • #112,034
  • May 22, 2012 11:14am May 22, 2012 11:14am
Quoting zamfir
Mike,

How come James is not posting any charts?.

He also said he would be uploading videos?
He'll be back as always. Just how life is , and busy with his real estate, but he has a lot of changes coming. It's tough for me to juggle all this with outside stuff, let alone him he's the busiest guy I have ever met, it's quite nuts.


Mike
  • #112,035
  • May 22, 2012 11:16am May 22, 2012 11:16am
Thanks Mike.

I'm not a beginner on Forex, but I'm a beginner in PA, because it's simple and very interesting.
And your advises is like a water in a desert
  • #112,036
  • May 22, 2012 11:35am May 22, 2012 11:35am
Hey Mike, is James still active with the PF due to being so busy? I sent im an e-mail through the contact page over there about 2 weeks ago and have not heard back.

If he is not active over there, is the PF still something you recommend or is participating in this thread enough?

Quoting mbqb11
He'll be back as always. Just how life is , and busy with his real estate, but he has a lot of changes coming. It's tough for me to juggle all this with outside stuff, let alone him he's the busiest guy I have ever met, it's quite nuts.


Mike
  • #112,037
  • May 22, 2012 11:43am May 22, 2012 11:43am
Quoting mbarker22
Hey Mike, is James still active with the PF due to being so busy? I sent im an e-mail through the contact page over there about 2 weeks ago and have not heard back.

If he is not active over there, is the PF still something you recommend or is participating in this thread enough?
Hey Mb

The PF is as active as ever, James is active in spurts as of late cause of his real estate projects. The site is about to go through some major changes in a good way as James gets back into the driver seat.

I always tell people to hang here for a few months and if they like what we do and want further education and resources then check us out. But I don't like to say too much more than that so people can make their own decisions. Or I sound like im tooting our own horn

Mike
  • #112,038
  • May 22, 2012 11:57am May 22, 2012 11:57am
Thanks Mike,

From what I see you should be tooting your own horn. Everything here and at the guest section of the PF is awesome!

Quoting mbqb11
Hey Mb

The PF is as active as ever, James is active in spurts as of late cause of his real estate projects. The site is about to go through some major changes in a good way as James gets back into the driver seat.

I always tell people to hang here for a few months and if they like what we do and want further education and resources then check us out. But I don't like to say too much more than that so people can make their own decisions. Or I sound like im tooting our own horn

Mike
  • #112,039
  • May 22, 2012 2:26pm May 22, 2012 2:26pm
Am so tempted to get in here ... But Not going to unless PA occur
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Human
  • #112,040
  • May 22, 2012 2:46pm May 22, 2012 2:46pm
Quoting aserbfx
always be carefull with friday bars. check when the moves happen. a lot of traders (and so the big money) are gone by 1pm est, to my experience.
i want to see confirmation for friday bars on monday next week.
as expected...
meine augen sind die sterne
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