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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

  • #113,501
  • Jun 21, 2012 3:04pm Jun 21, 2012 3:04pm
Quoting Dan Gilbert
Got myself into this one, starting to feel un-easy, but willing to hang on... I guess...

102 and 105 are good supply levels to sell at.
  • #113,502
  • Jun 21, 2012 3:17pm Jun 21, 2012 3:17pm
Very Lame Pin Bar forming at a heavily Confluence area ( BEOB at H4 which also just broke ) ... But I doubt It will take us further down then the yellow area .... Will enter when it breaks after close and will move to BE as soon as I can ...
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Human
  • #113,503
  • Jun 21, 2012 3:25pm Jun 21, 2012 3:25pm
nice setups I see today.. will try to take some. NZDCAD is one of them...
USD bulls pushing forward again. All day I am kicking myself for refuse to pull trigger on EURUSD near 1.2700 high this morning... Now hope it will retrace a little bit...
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all is eternal - this is good news for people who loves bad news
  • #113,504
  • Jun 21, 2012 3:30pm Jun 21, 2012 3:30pm
A better setup then NZDJPY but correlated

1 ) HUGE BEOB

2 ) EMA's

3 ) Fib

4 ) Trendline

5 ) HCR and LCS Levels

6 ) Retraced of 0.8000 BRN , so obviously picked up big order flow from there ...

Will enter at the retest of the HCR and LCS levels
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Human
  • #113,505
  • Jun 21, 2012 3:58pm Jun 21, 2012 3:58pm
Quoting Chanya
Very Lame Pin Bar forming at a heavily Confluence area ( BEOB at H4 which also just broke ) ... But I doubt It will take us further down then the yellow area .... Will enter when it breaks after close and will move to BE as soon as I can ...
nice charts Chanya looking at the same stuff
  • #113,506
  • Jun 21, 2012 4:11pm Jun 21, 2012 4:11pm
we are in the middle of huge range channel on NZDJPY ... what is very good for our daily pin
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all is eternal - this is good news for people who loves bad news
  • #113,507
  • Jun 21, 2012 5:06pm Jun 21, 2012 5:06pm
Quoting C-12
Looks like all the NZD crosses are at hovering around at interesting levels.
The NZD index looks like it has run out of steam. At least for now.
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  • #113,508
  • Edited 5:43pm Jun 21, 2012 5:28pm | Edited 5:43pm
The GBP is going to have to make it's mind up soon.
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  • #113,509
  • Jun 21, 2012 6:00pm Jun 21, 2012 6:00pm
Quoting Chanya
A better setup then NZDJPY but correlated

1 ) HUGE BEOB

2 ) EMA's

3 ) Fib

4 ) Trendline

5 ) HCR and LCS Levels

6 ) Retraced of 0.8000 BRN , so obviously picked up big order flow from there ...

Will enter at the retest of the HCR and LCS levels
Just put my sell order Let's see where this boy will take us .
  • #113,510
  • Jun 21, 2012 7:07pm Jun 21, 2012 7:07pm
Quoting aserbfx
simple stuff....


U R ROCKN´ROLL

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #113,511
  • Edited 8:22pm Jun 21, 2012 8:01pm | Edited 8:22pm
Quoting aserbfx
simple stuff....

All roads lead to Rome.

I was also watching this but became incredibly busy with officialdom.

Nice one Aser
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  • #113,512
  • Jun 21, 2012 9:50pm Jun 21, 2012 9:50pm
Quoting Rust
Chart patterns are not rocket science. If they are easy to recognize - they are even better. You don't need to search for them. The good ones will find you by themselves

Don't miss divergence. It can serve you very well. It's not hard to understand at all.
I love this example of divergence. Always have problems reading it on Oscillators but your example makes perfect sense.

Thank you.
  • #113,513
  • Edited 11:02pm Jun 21, 2012 10:12pm | Edited 11:02pm
Silver anybody?

Bearish trend long and short term
Good momentum
Broke 27.00 and is finding resistance at that level
Wide open area
miniscule pinbar

Will put a sales Stop at 26.80

Do I miss something?

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  • #113,514
  • Jun 21, 2012 10:14pm Jun 21, 2012 10:14pm
Quoting Greenhaze
Sadly i was in only on Friday.... Now its aproaching my projected target ... damn !
Still very nice GH . .
Indicators show the past. Price Action "Indicates" the future.
  • #113,515
  • Jun 21, 2012 10:24pm Jun 21, 2012 10:24pm
Quoting Thierry
Jarroo.. can you help me with this. Where is the LCS in the blue box?
The close of the red or green candle? This happens often on weekly charts.
We use both the Open and Close for our LCS/HCR levels. . . because of the damn gaps .. . .Yes they happen very often on the Weekly charts.
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Indicators show the past. Price Action "Indicates" the future.
  • #113,516
  • Jun 21, 2012 10:30pm Jun 21, 2012 10:30pm
Quoting Variance
JIM YOU SHARK !!!!!!

well... at least i'm the orange one LOL

or the red one HAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

edit - the smaller red one on the "right" so i can scalp little tad poles HAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!1
I like to think we are riding on the blue one . . lol

chart update . .
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Indicators show the past. Price Action "Indicates" the future.
  • #113,517
  • Jun 21, 2012 10:41pm Jun 21, 2012 10:41pm
Quoting Variance
Jim, I'm just curious..... say if price cuts through and closes below the swing low, what factors/variables about the "swing" that may void your decision to make a play at the flip with or without candlestick confirmation, say like this one here:


Not really sure what you are asking . .we have a swing point of Support . .Price "cuts" through it and closes below it . .good chance that it will flip to Resistance . .which it did.
Indicators show the past. Price Action "Indicates" the future.
  • #113,518
  • Jun 21, 2012 10:43pm Jun 21, 2012 10:43pm
Quoting Magestic
I'm not a senior member, but I would make a Touch trade if price makes smth like that. It is squeezed down. So we have a formation. Would be also nice if our support were a BRN. In your example I would wait bar confirmation.

Live example (valid touch trade with a good chance of success).
Excellent example Magestic . .
Indicators show the past. Price Action "Indicates" the future.
  • #113,519
  • Jun 21, 2012 10:52pm Jun 21, 2012 10:52pm
Quoting ricosta
Gold anybody?

Bearish trend long and short term
Good momentum
Broke 27.00 and is finding resistance at that level
Wide open area
miniscule pinbar

Will put a sales Stop at 26.80

Do I miss something?

Attachment
Gold at 27? I am a buyer
  • #113,520
  • Jun 21, 2012 10:55pm Jun 21, 2012 10:55pm
Quoting Mebius
Here's what I did last night. PBT+CA on the Daily. Buy Limit order on a retrace to the Daily level. Stop placed below the low of the day. There was a spike lower on interest rate news from the BOE early this morning which might have got me out if i used a tighter stop. Will now move stop to B/E. Price has broken through yesterdays highs so i will monitor watch to see if I can hit my target.
"Price has broken through yesterdays highs . ." That was a target too . .
Indicators show the past. Price Action "Indicates" the future.
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