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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

  • #112,601
  • Jun 4, 2012 9:56am Jun 4, 2012 9:56am
Quoting beebolbod
Here's what i'm looking to unfold on this pair... broadly in line with your idea m8, i.e. i'm looking for longs but i want to see this H4 QM pattern form before i do. At this TF, and in this area (Daily,weekly and monthly demand) this could be a superb reversal pattern forming.

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Hi Bee,

Good to know someone else is thinking on the same lines as I. I feel the same way reversal is likely but the way markets have been going in the last few weeks its really unnerving for me to stick to any long term positions. I'm just looking for short term gains on this one for the time being. Managing this closely now.

By the way what does QM stand for?

-H
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  • #112,602
  • Jun 4, 2012 10:38am Jun 4, 2012 10:38am
Quoting mbqb11
the 78 fib is one of James16 favorites


That's something i missed here. Glad i'm pointing it out again though. it's a cracker
  • #112,603
  • Jun 4, 2012 10:40am Jun 4, 2012 10:40am
Quoting goldfish3
Hi Bee,

Good to know someone else is thinking on the same lines as I. I feel the same way reversal is likely but the way markets have been going in the last few weeks its really unnerving for me to stick to any long term positions. I'm just looking for short term gains on this one for the time being. Managing this closely now.

By the way what does QM stand for?

-H
Quasimodo. It's a reversal pattern. You need low, high, lower low, higher high and then higher low. The HL should (but doesn't always need to be) in line with the original low. It's like a H&S really but better. Earlier entry.
  • #112,604
  • Jun 4, 2012 11:26am Jun 4, 2012 11:26am
Quoting beebolbod
the fib 78.6 is a great one to watch i've discovered from another source. Add it to your places to watch. It's a retest area. Wish i'd been watching this one as the confluence at 78.6 is stupid. This was always going south. I'm in on a retest but it's riskier. We'll see.
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EDIT - 78.6 and 76.4 are from big down move which you cant see from my chart.
H4 closed as BEOUB engulfing 5 bars. All sorts of other confluence in there to be found.
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  • #112,605
  • Jun 4, 2012 11:30am Jun 4, 2012 11:30am
Lookin to short

Break of former support, now retesting.
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Thoughts are things
  • #112,606
  • Jun 4, 2012 12:33pm Jun 4, 2012 12:33pm
anybody has a chart on Crude oil?

Please post the daily chart if you do.

the energy market seem to be reversing upwards after a decline.
  • #112,607
  • Jun 4, 2012 2:29pm Jun 4, 2012 2:29pm
Quoting fascist
anybody has a chart on Crude oil?

Please post the daily chart if you do.

the energy market seem to be reversing upwards after a decline.
Is UKOIL ok?? i was watching it...

forming pb @ RN.
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Slow & steady
  • #112,608
  • Jun 4, 2012 2:56pm Jun 4, 2012 2:56pm
Quoting fascist
anybody has a chart on Crude oil?

Please post the daily chart if you do.

the energy market seem to be reversing upwards after a decline.
WTI, Daily
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  • #112,609
  • Jun 4, 2012 4:03pm Jun 4, 2012 4:03pm
Quoting jarroo
Those a good levels Pinbar, but alot of times the more recent levels can be very effective. . .Like these more recent consolidation areas (boxes) and their HCR/LCS levels .

Surprising how price didn't give more of a bounce at the 1.2837 HCR level. . .tells me the down trend is pretty strong.
Hello Jarroo,I know this thread moves very quickly and you probably didn't see my original post #112544 but I would be grateful if you could give it some consideration.Thank you in advance.
  • #112,610
  • Jun 4, 2012 4:10pm Jun 4, 2012 4:10pm
EUR/GBP

nice breakout, something like an "cup and handle pattern"

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  • #112,611
  • Jun 4, 2012 4:13pm Jun 4, 2012 4:13pm
CHF/JPY

it looks lovely to me...

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  • #112,612
  • Jun 4, 2012 4:28pm Jun 4, 2012 4:28pm
GBP/CHF

support turns resistance...waiting for retest to going short

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  • #112,613
  • Jun 4, 2012 5:31pm Jun 4, 2012 5:31pm
Quoting sooze
I have been following this thread for some time now and have just signed up as a FF member.I'm interested in your trading style but have a number of questions to ask if that is not too much of a problem for you.
1.Is it possible to give a concise and basic description of your trading method.
2.Could you please give actual trade examples.
3.What is your success rate with your method.
I notice that Mike,for example, actually gives real trade examples that are very easily understood,on the other hand you post lots of charts with levels marked etc but...

Sorry I missed your post sooze.

Here are some basic diagrams on how I trade . .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,614
  • Jun 4, 2012 5:32pm Jun 4, 2012 5:32pm
just question. Is this PA taught by James16 fully adaptabille for stock trading on Daily chart? Or anybody of you do that? Thank u and be well.
  • #112,615
  • Jun 4, 2012 5:32pm Jun 4, 2012 5:32pm
Quoting sooze
I have been following this thread for some time now and have just signed up as a FF member.I'm interested in your trading style but have a number of questions to ask if that is not too much of a problem for you.
1.Is it possible to give a concise and basic description of your trading method.
2.Could you please give actual trade examples.
3.What is your success rate with your method.
I notice that Mike,for example, actually gives real trade examples that are very easily understood,on the other hand you post lots of charts with levels marked etc but...

Quoting jarroo
Great level (Daily HCR), D . .That sucker just couldn't Close Above that HCR level .. no surprise on the break down as you said . .
Here's an actual setup I'm looking at currently on the Daily AudCad.

My success rate is very high because I keep my losses very small and my profit taking / trade management is applied when Price hits their Targets (in blue 2nd chart).

I usually don't post actually trades, mainly just the S/R method I use . .which is more inline with James16's S/R trading .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,616
  • Jun 4, 2012 5:39pm Jun 4, 2012 5:39pm
Quoting jarroo
Here's an actual setup I'm looking at currently on the Daily AudCad.

My success rate is very high because I keep my losses very small and my profit taking / trade management is applied when Price hits their Targets (in blue 2nd chart).

I usually don't post actually trades, mainly just the S/R method I use . .which is more inline with James16's S/R trading .


ton of confluence, here was my chart
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  • #112,617
  • Jun 4, 2012 5:41pm Jun 4, 2012 5:41pm
Quoting jarroo
Here's an actual setup I'm looking at currently . ..

Here's one to watch on the EurGbp at the 0.8093 Highest Close of Resistance level . .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,618
  • Jun 4, 2012 5:55pm Jun 4, 2012 5:55pm
Quoting Pinbar
I was looking at this 1.2817 weekly area, which seems to also be a PPZ.
Perhaps, I am going to far back in time again?

Yeah maybe a little too far back Pinbar . . don't get me wrong, those were great levels at the time they were presented and worked out very well. But over time, traffic and consolidation tends to gather around them and they lose their effectiveiness . .it still good to make noted of them.


Looks like the Daily failed to close below this HCR level, 1.2837 on the AudNzd. Yet it closed above on the Daily . .could be going up . .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,619
  • Jun 4, 2012 6:00pm Jun 4, 2012 6:00pm
Quoting mbqb11


ton of confluence, here was my chart
same book . .same page . .different paragragh . . .

So what do you think Mike, is the Close Above on the Daily strong enough??
Indicators show the past. Price Action "Indicates" the future.
  • #112,620
  • Jun 4, 2012 6:02pm Jun 4, 2012 6:02pm
Quoting jarroo
same book . .same page . .different paragragh . . .

So what do you think Mike, is the Close Above on the Daily strong enough??
yep sure is
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