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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

  • #113,341
  • Jun 18, 2012 8:52am Jun 18, 2012 8:52am
That looks like a retest of the PPZ with confluence from the Fib, the 150 EMA and strong Bullish momentum, No?

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  • #113,342
  • Jun 18, 2012 8:54am Jun 18, 2012 8:54am
Quoting Chanya
Anybody long on GBPUSD ?
I am still long from the daily BUOB I pointed out last week, bought on a retrace of it. I feel like it's finding support right now between 1.56 and 1.565 after breaking above the multiple bar highs on Friday.
Price is beautiful. A repetitive method is a competitive method.
  • #113,343
  • Jun 18, 2012 8:54am Jun 18, 2012 8:54am
Quoting Chanya
Anybody long on GBPUSD ?
sure, cable is strongest today
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  • #113,344
  • Jun 18, 2012 9:03am Jun 18, 2012 9:03am
In support of ricosta, the pair, despite a nice BEOB has a trendline supporting it and traffic to the left. Probably wouldn't move much after breaking the bar and might be subject to strong retracement upwards.

Perhaps it is not a good trade set up afterall.

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  • #113,345
  • Edited 10:25am Jun 18, 2012 9:37am | Edited 10:25am
Quoting Chanya
Hey , it was you who said to me last night to watch this cross remember ??? I was seeing nothing specific or eye catching on it , neither am I now ... I am just making assumptions what you meant when you said this to me



NOT COOL
Okay, it was definitely inappropriate
  • #113,346
  • Jun 18, 2012 10:26am Jun 18, 2012 10:26am
Quoting ricosta
That looks like a retest of the PPZ with confluence from the Fib, the 150 EMA and strong Bullish momentum, No?

Attachment
Hi mate,
do u mind share the marketinformation in right corner?
Is that an indicator, the time from london new york etc?
  • #113,347
  • Jun 18, 2012 11:06am Jun 18, 2012 11:06am
I never saw anyone mention the giant daily pitbull BUOB on Natural gas last week. Does Mike or anyone else have any thoughts they wanted to share about it? I liked it's size, location, and the fact that it engulfed a range of bars preceding it. My FTA would of been around 2.70-2.75 had I played it. It also translated into a BUOB on the weekly chart.

Just trying to strike up some conversation with you friendly folks. :-)
Price is beautiful. A repetitive method is a competitive method.
  • #113,348
  • Jun 18, 2012 11:30am Jun 18, 2012 11:30am
Quoting nwo-trader
I never saw anyone mention the giant daily pitbull BUOB on Natural gas last week. Does Mike or anyone else have any thoughts they wanted to share about it? I liked it's size, location, and the fact that it engulfed a range of bars preceding it. My FTA would of been around 2.70-2.75 had I played it. It also translated into a BUOB on the weekly chart.

Just trying to strike up some conversation with you friendly folks. :-)
huge bar minor swing point. Not a ton of confluence. These bars usually get us to our FTA though which is the first blue box, with the major area being the massive resistance at the swing high. I like big bars though

Best
Mike
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  • #113,349
  • Jun 18, 2012 11:43am Jun 18, 2012 11:43am
Quoting mbqb11
huge bar minor swing point. Not a ton of confluence. These bars usually get us to our FTA though which is the first blue box, with the major area being the massive resistance at the swing high. I like big bars though

Best
Mike

Thanks Mike, your awesome
Price is beautiful. A repetitive method is a competitive method.
  • #113,350
  • Jun 18, 2012 2:52pm Jun 18, 2012 2:52pm
Quoting mbqb11
chart I am watching.
updated chart


Best
Mike
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  • #113,351
  • Jun 18, 2012 2:54pm Jun 18, 2012 2:54pm
Quoting mbqb11
updated chart


Best
Mike
sweet. Appreciate the chart.
Is there a thread like this over at j16group?
  • #113,352
  • Jun 18, 2012 2:58pm Jun 18, 2012 2:58pm
Quoting mbqb11
Hey Rico

I am at the point where I actually don't mark them up except for maybe a couple lines here and there(a pattern, TL, and my BRNs) all the other things like PPZ I can just see. I only mark them up for teaching purposes. I do think it's important to mark areas when starting out, but the way to prevent the clutter is mark the MAJOR areas of confluence. That way your charts don't look like a laser show.

Another trick is to stick to analyzing the same timeframe. So often I see people mark up a monthly, weekly , daily ppz, confluence and...

I'm going to chime in on this if you don't mind.

I like analyzing the pairs on Sunday and just placing lines at vital areas for the next week. I look at weekly and daily, then just plot a couple spots on the pairs where something sticks out most.

A good example right now on GBP/USD I have a horizontal line placed @ 1.5600 because I am anticipating price to find good support there.
Many choose unhappiness over uncertainty.
  • #113,353
  • Jun 18, 2012 3:20pm Jun 18, 2012 3:20pm
Quoting dafox1
sweet. Appreciate the chart.
Is there a thread like this over at j16group?
hey Fox

We have lots of that stuff, depending on instructor. Myself I do my trading in my section and send out emails. That was an email I sent out but I post them from time to time here for everyone as well to help out

Best
Mike
  • #113,354
  • Jun 18, 2012 3:29pm Jun 18, 2012 3:29pm
Quoting Dan Gilbert
I'm going to chime in on this if you don't mind.

I like analyzing the pairs on Sunday and just placing lines at vital areas for the next week. I look at weekly and daily, then just plot a couple spots on the pairs where something sticks out most.

A good example right now on GBP/USD I have a horizontal line placed @ 1.5600 because I am anticipating price to find good support there.
cool Dan, thanks for sharing!

Mike
  • #113,355
  • Jun 18, 2012 4:33pm Jun 18, 2012 4:33pm
Quoting Pinbar
This could be an easier way to look at EJ.
Note how price bounced almost to the Pip and the lower support area.
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  • #113,356
  • Jun 18, 2012 4:35pm Jun 18, 2012 4:35pm
Quoting mbqb11
hey Fox

We have lots of that stuff, depending on instructor. Myself I do my trading in my section and send out emails. That was an email I sent out but I post them from time to time here for everyone as well to help out

Best
Mike
yeah you and Jaroo's threads... Will look. Thanks
  • #113,357
  • Jun 18, 2012 4:57pm Jun 18, 2012 4:57pm
Quoting kojak
Hi mate,
do u mind share the marketinformation in right corner?
Is that an indicator, the time from london new york etc?
Sure, see attached. the thread for the indi can be found here: http://www.forexfactory.com/showthread.php?t=109305

Attached File(s)
File Type: mq4 P4L Clock.mq4   99 KB | 326 downloads
  • #113,358
  • Jun 18, 2012 5:22pm Jun 18, 2012 5:22pm
Quoting jarroo
S/R Levels (4 hour) and Daily Pin Bar on the GBPJPY.
Bigger trend : down. Pin Bar : up. Where will price go?
February 10th 2008, the day the first classic Jaroo looking chart was born into this thread. (With the red and blue bars)

Jim I've been digging deep and put a small dent in your posting history over the weekend. Thank you for sharing your journey with everyone.

BAM!
Price is beautiful. A repetitive method is a competitive method.
  • #113,359
  • Jun 18, 2012 5:32pm Jun 18, 2012 5:32pm
Quoting nwo-trader
Looks like this was potentially a nice Dan Gilbert I4B special :-)
Update on this "DG-I4B" :-)

BTW Dan I was going through some TED talks over the weekend, are you actually Dan Gilbert? I enjoyed the talk, gotta practice me some of that synthetic happiness.

http://www.ted.com/talks/dan_gilbert..._we_happy.html
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Price is beautiful. A repetitive method is a competitive method.
  • #113,360
  • Jun 18, 2012 5:52pm Jun 18, 2012 5:52pm
Anybody looking at or considering the EURCAD BEOB?

Pros: Interesting location, BRN, TL, engulfing two days worth of PA preceding it. Trend? Failed attempt at 1.30?
Cons: Average size, traffic, not located a major swing point high
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Price is beautiful. A repetitive method is a competitive method.
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