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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

  • #115,201
  • Aug 8, 2012 8:45am Aug 8, 2012 8:45am
Quoting PhAnTi'
synonym for selling high,sry ^^
Of course I know that ? What do you think I am ? A baby ?
I was asking which pair ???
Human
  • #115,202
  • Aug 8, 2012 8:49am Aug 8, 2012 8:49am
Quoting MrShort
Cool trade Chanya. To the pip! I didn't see the possibility of selling... shame on me!

Your are looking to buy at the 1.2993 region, right? I had already set up an order at that level too. (Check my chart) But what if price closes bellow? Would you be willing to sell at the same level on retest?

Cheers and good trading!
I do not think it will close below because as I said , its also a neck line for head and shoulders ... But yeah , it PBT&CB occurs , why not ??? Better keep stops tight ...
PS : Do not trade because I am taking any particular trade ... I am just providing my view taking risk for myself ... I have no liability for any loss ...
Human
  • #115,203
  • Aug 8, 2012 8:54am Aug 8, 2012 8:54am
Quoting Chanya
I do not think it will close below because as I said , its also a neck line for head and shoulders ... But yeah , it PBT&CB occurs , why not ??? Better keep stops tight ...
PS : Do not trade because I am taking any particular trade ... I am just providing my view taking risk for myself ... I have no liability for any loss ...
Don't worry my friend. Im wise enough to be trading only demo at this point! I understand my rookie condition and all it's implications

And I'm also trying to follow the method, not the trades. Don't worry my friend... no possible harm here!

Cheers!
  • #115,204
  • Aug 8, 2012 11:09am Aug 8, 2012 11:09am
  •  BlazG
  • | Joined Jul 2012 | Status: Trading with Family Savings | 19 Posts
Can any of you guys please give me some feedback if I'm drawing my PPZ correctly.

Blaz
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  • #115,205
  • Aug 8, 2012 11:24am Aug 8, 2012 11:24am
Quoting BlazG
Can any of you guys please give me some feedback if I'm drawing my PPZ correctly.

Blaz
This is my chart - I'd rather avoid drawing lvls inside consolidation - only bottom and top.

yellow - weekly
green - daily

love to see today's close above 1.241...
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  • #115,206
  • Aug 8, 2012 11:32am Aug 8, 2012 11:32am
Quoting BlazG
Can any of you guys please give me some feedback if I'm drawing my PPZ correctly.

Blaz
Hey Blaz

Your lines are good. Some of them are more minor PPZ flips(the ones in the middle of the boxes) and other are more major flips


Here we can see those more major flips in purple, and the midpoints of the boxes in orange are also PPZs but more minor ones

Best
Mike
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  • #115,207
  • Aug 8, 2012 12:03pm Aug 8, 2012 12:03pm
Quoting RonaldinhoKuban
jarroo method today trade on GBPCHF
first target reached - stop on BE
Put a fixed take profit, as could not monitor the trade.
+102 p.
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  • #115,208
  • Aug 8, 2012 12:51pm Aug 8, 2012 12:51pm
Quoting mbqb11
If the trend is huge BIG BARS

Reversal bars are great with confluence, but sometimes a bar itself is enough.


Where people get hurt and where people say "pins" fail. Is they try to take little tiny nothing pinbars verse a strong trend. Without strong confluence those bars will barely work and fail more times then not.

Here is a big reversal bar in no mans land against a strong trend.
Usd/chf weekly chart



Best
Mike
Got it. Thanks. It's all relative :-)
  • #115,209
  • Aug 8, 2012 1:12pm Aug 8, 2012 1:12pm
Quoting RonaldinhoKuban
Put a fixed take profit, as could not monitor the trade.
+102 p.
Nice !!!

Can anyone please tell me how to rate a particular thread ???
Human
  • #115,210
  • Edited 1:59pm Aug 8, 2012 1:36pm | Edited 1:59pm
My plans for GBPNZD ... dan89 , Happy ???

One thing is not to be forgotten that we also broke through and closed above an LCS yesterday which also lines up with weekly LCS , and retest of that is also due ... That is why I have my stops big but with some profits locked too ... Never risking my existing capital at all without a reason ...
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Human
  • #115,211
  • Aug 8, 2012 2:15pm Aug 8, 2012 2:15pm
So what do you think about this one guys? I think that if we will close under BRN 1.0500 it will be A+ setup.
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  • #115,212
  • Aug 8, 2012 2:24pm Aug 8, 2012 2:24pm
Quoting Martin600
So what do you think about this one guys? I think that if we will close under BRN 1.0500 it will be A+ setup.
very good Martin. I am in a bit earlier from a BEOB just above but I am watching this daily beob and want to see price get under the boxed area. There are boxes straight up as price lost momentum. I posted that chart a week or so back where we can now even better see that happened and price has started to make it's way down. BRN here is a big strong level have to see if we can close and get under it.

Many have their sell orders just under the BRN for the daily beob as well

Best
Mike
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  • #115,213
  • Aug 8, 2012 2:25pm Aug 8, 2012 2:25pm
[quote=Chanya;5913126]
Quote
Yeah , same question as Phanti ... Plus , how did you managed to stay in even after that big retracement ???
The reason of the trade was the PB in daily range market @ 2.10 BRN and strong support level in the past and the level where the monthly consolidation start.
The first target was the the daily consolidation's support (2.0680 )...when it closed bellow the trade was managed till the monthly candle close that closed within the monthly range market.
Helped by the strong trend step by step the trade was managed in based of the higher time frames (helped me to avoid the deeper retracement) looking to the monthly range market's support level as final target.
Nothing personal,just business
  • #115,214
  • Aug 8, 2012 3:13pm Aug 8, 2012 3:13pm
Quoting mbqb11
very good Martin. I am in a bit earlier from a BEOB just above but I am watching this daily beob and want to see price get under the boxed area. There are boxes straight up as price lost momentum. I posted that chart a week or so back where we can now even better see that happened and price has started to make it's way down. BRN here is a big strong level have to see if we can close and get under it.

Many have their sell orders just under the BRN for the daily beob as well

Best
Mike
yeahh, i would say a typical "awesome mike" trade divergence, decreasing momentum and broke the TL...have this one on WL as well
  • #115,215
  • Aug 8, 2012 3:24pm Aug 8, 2012 3:24pm
Quoting bullzeye
USD/CAD

S/R and PA is the only way to trade

Attachment
USD/CAD

trade management and exits are harder for me than the entrys...i try to operate from now without well defined take profits, just pull my SL step to step... the market should decide

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  • #115,216
  • Edited 4:03pm Aug 8, 2012 3:50pm | Edited 4:03pm
Quoting mbqb11
very good Martin. I am in a bit earlier from a BEOB just above but I am watching this daily beob and want to see price get under the boxed area. There are boxes straight up as price lost momentum. I posted that chart a week or so back where we can now even better see that happened and price has started to make it's way down. BRN here is a big strong level have to see if we can close and get under it.

Many have their sell orders just under the BRN for the daily beob as well

Best
Mike
And I'm waiting for close below hcr/lcs to make jarroo entry

----

EDIT:
And now i'm disappointed maybe tomorrow

----

Oh oh !!! 100th post!!!


cheers!
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  • #115,217
  • Aug 8, 2012 4:08pm Aug 8, 2012 4:08pm
Quoting rafstraszek
And I'm waiting for close below hcr/lcs to make jarroo entry

----

EDIT:
And now i'm disappointed maybe tomorrow

----

Oh oh !!! 100th post!!!


cheers!
i have a question??
what do You think about take long position here??

THX.
  • #115,218
  • Aug 8, 2012 4:37pm Aug 8, 2012 4:37pm
Quoting 0421
i have a question??
what do You think about take long position here??

THX.
As I said few days ago - In my opinion uptrend is weak and tired. (divergence)

And now we have beob and trendline's break down.

also close of latest daily candle is more like "i don't know what to do" than "LOOOOONNNG!!!" ( "SHOOOORT!!!")
  • #115,219
  • Aug 8, 2012 4:58pm Aug 8, 2012 4:58pm
Quoting mbqb11
You are thinking of Pivot Points Phanti. Those use calculations of OHLC

Pivot zones are what we use here are just PPZ Price pivot zones, or flips of S/R that have no calculation to them

Best
Mike
Mikeeee

.... haha again, im not quiet familiar with the thread...

i better keep still now....
Hero calls followed by margin calls...
  • #115,220
  • Aug 8, 2012 4:59pm Aug 8, 2012 4:59pm
Quoting Pinbar
The 0.79500 area with the massive consolidation, way back in 2008


EDIT:

Sorry, Phanti
I was on my tablet and could not post the chart. Haven't worked that function out yet on a tablet.
Doesnt matter, thanks for the update though...

anyway...you have a tablet ? .... fat cat

best,
Jonas
Hero calls followed by margin calls...
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