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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

  • #112,761
  • Edited 10:38pm Jun 6, 2012 10:27pm | Edited 10:38pm
Quoting Pinbar
Thanks Jim

Got to run to the other side of the city in a few mins so, I will digest this post when I get back.
But, my intimidate thought is, I have been using the monthly and weekly levels and basically looking for a monthly or weekly SP that corresponds to a daily SP. Now, is it possible that I can do this the other way around?
I mean, look at the large daily SPs and see if they correspond to a weekly or monthly level?

Thanks again Jim, you don't realize how much you are keeping me on the tracks.

Steve
Absolutely Steve . . Mutliple TF levels are a Great sign of strength . .absolutely . .just concentrate on those and you will do fine.

Give me a Monthly LCS (and/or HCR) that is the same level as a Weekly LCS (and/or HCR) , that is the same level as a Daily (LCS and/or HCR) . .I'll take that any day of the Week ..
Indicators show the past. Price Action "Indicates" the future.
  • #112,762
  • Jun 6, 2012 10:59pm Jun 6, 2012 10:59pm
Quoting beebolbod
Let me know please, i'm long this pair

Had another setup on this pair at the 1.0180ish LCS level . .did you add to your position, beebo ?. .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,763
  • Jun 6, 2012 11:24pm Jun 6, 2012 11:24pm
Quoting sooze
The problem with this thread is that it moves so quickly it is easy to get a bit lost if you're trying to follow a particular persons approach to this trading method..
it's actually easy.
u just find the person u want to follow. then click on his/her profile/posts.
there u will see ALL his/her posts.
  • #112,764
  • Jun 6, 2012 11:26pm Jun 6, 2012 11:26pm
Quoting supremeChaos
it's actually easy.
u just find the person u want to follow. then click on his/her profile/posts.
there u will see ALL his/her posts.

Hey sChaos . .good to see you
Indicators show the past. Price Action "Indicates" the future.
  • #112,765
  • Jun 6, 2012 11:30pm Jun 6, 2012 11:30pm
Quoting jarroo
Hey sChaos . .good to see you
good to see u too, Sir Jim.
when i see easy questions, i try to reply.

you haven't changed. looking forward to your 15,000th post.


btw, nice to see long-time members like don perry & oltciter back
  • #112,766
  • Jun 6, 2012 11:36pm Jun 6, 2012 11:36pm
Quoting patapouer
Thanks Jim,

I have been facing some difficulties with this one. I am now sitting back and relaxing (you and J16 are so damn right, it is so good to move you SL to BE!), taking some time to figure out my mistakes. And I've done a few... Part of the learning process, I guess...

So, from what I could see, the W LCS is by 97.1, while the D1 LCS is by 96.8.
To be validated, both the W LCS and the PB should be broken. But PB high is at 97.5, ie higher than the W LCS...
Meaning that, if the daily PB gets broken, then the W LCS shall be too...
On the...
Quoting jarroo
This is James16's "This is Critical" and see how it relates to that EurJpy PB. . .mainly #4.
Here's what I meant by following James16's "This is Critical", #4. . . on the EurJpy Daily PB.

I use the FxPro feed for my charting they have a New York Close of 5:00PM (EST) . .which is in line with the Close of other financial markets.

Here are my Weekly and Daily Lowest Close of Support (LCS) levels. (charts 1 and 2)

Chart 3 . . shows that instead of just taking the break of the PB, I want see Price Break Through and Close Above these levels to confirm that this Support level (LCS) is returning to Support once again.

So when James16 says in #4 of "This is Critical",. ."Dont enter until the level has been broken." . . .I would just add . ." and Closes Above (or Below) . ."
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Indicators show the past. Price Action "Indicates" the future.
  • #112,767
  • Jun 6, 2012 11:40pm Jun 6, 2012 11:40pm
Quoting supremeChaos
good to see u too, Sir Jim.
when i see easy questions, i try to reply.

you haven't changed. looking forward to your 15,000th post.


btw, nice to see long-time members like don perry & oltciter back
15,000th . .wow . .If you would have asked me if I would be posting this much when I first started, I would say you were nuts. lol

Its always great to have you here and help when you can sChoas . .Thanks , brother . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,768
  • Jun 6, 2012 11:57pm Jun 6, 2012 11:57pm
Quoting jarroo
Had another setup on this pair at the 1.0180ish LCS level . .did you add to your position, beebo ?. .
That was a great one, just got out at FTA with 44 pips easy profit.
  • #112,769
  • Jun 6, 2012 11:58pm Jun 6, 2012 11:58pm
Quoting jarroo
Hey sChaos . .good to see you

I totally agree with your signature ,

that's why after 4 years of Full Time trading forex

I Finally started seriously studying and Trade price action and all I Can see is Profits although i only use Pin Bars , sometimes inside & Bullish/Bearish Outside Bars

d df d dfdfffffffffffffffffff fffffffffffffffffffffffffffffffffffffffffffff
  • #112,770
  • Jun 7, 2012 12:01am Jun 7, 2012 12:01am
Quoting cold chisel
That was a great one, just got out at FTA with 44 pips easy profit.

Bam!!! Baby . lol . . . .I'm in it too . .That was crazy how Price bammed once Price got to that level . .interesting, dont you think . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,771
  • Jun 7, 2012 12:02am Jun 7, 2012 12:02am
Quoting jarroo
I've removed the past Weekly levels and now just have the current Daily HCR levels . .marked to the pip.

As we know, these HCR levels at Swing High are strong Resistance levels .so when Price comes up to them, there will be a reaction.

. .and they surely did react . .(best seen on the Hourly TF). .right to their target, previous Daily High. Why the previous Daily High as a target? . .because these are Daily levels.

They had great Hourly Signatures at these levels . .hell, they even had 5min Signatures . .lol . . .Now your talking strong...
Is this a new way to look at levels on low volatility pairs that we should stick to now?
  • #112,772
  • Jun 7, 2012 12:03am Jun 7, 2012 12:03am
Quoting Rona

I totally agree with your signature ,




that's why after 4 years of Full Time trading forex


I Finally started seriously studying and Trade price action and all I Can see is Profits although i only use Pin Bars , sometimes inside & Bullish/Bearish Outside Bars

Fantastic Rona . .sooner or later, traders find there way to this Thread . .I was no different . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,773
  • Jun 7, 2012 12:05am Jun 7, 2012 12:05am
Quoting cold chisel
Is this a new way to look at levels on low volatility pairs that we should stick to now?
I think so chisel . .I'm just seeing this more and more on these pairs . .it maybe just the current market environment so it could change ..
Indicators show the past. Price Action "Indicates" the future.
  • #112,774
  • Jun 7, 2012 12:09am Jun 7, 2012 12:09am
Quoting cold chisel
Is this a new way to look at levels on low volatility pairs that we should stick to now?

Let me show you a chart . .give me a sec . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,775
  • Jun 7, 2012 12:11am Jun 7, 2012 12:11am
Quoting jarroo
Let me show you a chart . .give me a sec . .
I prepared this question for your next webinar on PF, so no hurry here.
  • #112,776
  • Jun 7, 2012 12:20am Jun 7, 2012 12:20am
Quoting cold chisel
I prepared this question for your next webinar on PF.

We can go over this at Monday's webinar . .

Check out this on the NzdUsd Daily chart.

I know you can see the minor HCR level in green chisel (that's why I didn't label them) . .but look how Price reacted to these albeit minor HCR levels.

. .meaning once the HCR level was established and Price returned to these now established HCR level . . .Price hit them to the pip!! and went down .

can you see it chisel? . .I know its a bit messy . .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,777
  • Jun 7, 2012 12:23am Jun 7, 2012 12:23am
Quoting jarroo
We can go over this at Monday's webinar . .

Check out this on the NzdUsd Daily chart.

I know you can see the minor HCR level in green chisel (that's why I didn't label them) . .but look how Price reacted to these albeit minor HCR levels.

. .meaning once the HCR level was established and Price returned to these now established HCR level . . .Price hit them to the pip!! and went down .

can you see it chisel? . .I know its a bit messy . .
nope! can't see it Jim..can you do me a neater picture please!
  • #112,778
  • Jun 7, 2012 12:24am Jun 7, 2012 12:24am
Quoting Ramjet
nope! can't see it Jim..can you do me a neater picture please!

Hey Adrian . .lol . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,779
  • Jun 7, 2012 12:26am Jun 7, 2012 12:26am
Quoting jarroo
Here's what I meant by following James16's "This is Critical", #4. . . on the EurJpy Daily PB.

I use the FxPro feed for my charting they have a New York Close of 5:00PM (EST) . .which is in line with the Close of other financial markets.

Here are my Weekly and Daily Lowest Close of Support (LCS) levels. (charts 1 and 2)

Chart 3 . . shows that instead of just taking the break of the PB, I want see Price Break Through and Close Above these levels to confirm that this Support level (LCS) is returning to Support once again.

So when...
Thanks Jaroo,
This is in line with what Pinbar told me.
This was my "learning from practice" step related to PBT&CA/B... among a few others...
I'll keep that in mind. And monitor FxPro feed instead of my broker's...
thanks again, your dedication is highly appreciated
Slow & steady
  • #112,780
  • Jun 7, 2012 12:28am Jun 7, 2012 12:28am
Quoting patapouer
Thanks Jaroo,
This is in line with what Pinbar told me.
I'll keep it in mind. And monitor FxPro feed instead of my broker's...
thanks again, your dedication is highly appreciated
Thanks patapouer . .The cool thing is that the PB on the EurJpy worked out just fine even if you took it on just the break . .PA does Rule . .
Indicators show the past. Price Action "Indicates" the future.
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