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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

  • #115,581
  • Aug 15, 2012 8:34am Aug 15, 2012 8:34am
Quoting rafstraszek
I'm watching gbpjpy - close above blue line - I will be looking for bullish entry.
Close below green line - waiting for opportunity for short.
Short how ???
Human
  • #115,582
  • Aug 15, 2012 8:58am Aug 15, 2012 8:58am
Hello,

Everything on my charts, waiting for comments. Best.
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  • #115,583
  • Aug 15, 2012 9:08am Aug 15, 2012 9:08am
Hi Guys,

thank you for all your charts. Can someone translate PBT and HCR for me?

Thanks!
  • #115,584
  • Aug 15, 2012 9:14am Aug 15, 2012 9:14am
PBT&CA/CB - price break through and close above / below
HCR - highest close resistance
LCS - lowest close support

best.
  • #115,585
  • Aug 15, 2012 9:31am Aug 15, 2012 9:31am
Quoting Chanya
Short how ???
Ghous method - similiar, but using false breakout us a signal. Also ghous wrote some time ago, that in his opinion move is stronger, when price will be rejected not only from hcr but also hhr...like here...

But I can see now, that chance are little, to close below, long is more likely...
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  • #115,586
  • Aug 15, 2012 10:29am Aug 15, 2012 10:29am
Quoting rafstraszek
Ghous method - similiar, but using false breakout us a signal. Also ghous wrote some time ago, that in his opinion move is stronger, when price will be rejected not only from hcr but also hhr...like here...

But I can see now, that chance are little, to close below, long is more likely...
Oh ok ... Cool .. Best of luck
Human
  • #115,587
  • Aug 15, 2012 10:36am Aug 15, 2012 10:36am
Quoting rafstraszek
Ghous method - similiar, but using false breakout us a signal. Also ghous wrote some time ago, that in his opinion move is stronger, when price will be rejected not only from hcr but also hhr...like here...

But I can see now, that chance are little, to close below, long is more likely...
Here is a post, about which I was talking about. If anyone interested...
http://www.forexfactory.com/showthre...47#post5879447
But if you don't feel good about PBT method yet - give yourself a time, don't do few things at once...

And thanks Chanya

cheers
  • #115,588
  • Aug 15, 2012 10:46am Aug 15, 2012 10:46am
Quoting jarroo
Looking good, utiq . .. . .
EURCAD
i like it

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  • #115,589
  • Aug 15, 2012 10:46am Aug 15, 2012 10:46am
It seems that my prediction isn't coming true
But it's ok, long is good too - do not keep to you forecast no matter what!!! Situation always changes - you must have ability to adapt ...
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  • #115,590
  • Aug 15, 2012 10:48am Aug 15, 2012 10:48am
Quoting ylxww
hello dalta ,i have a different view about it ,

coz i think a two macthing highs retest the ppz about 1.228 zone ,take profit about 1.21.
yes I was not saying that it was a good trade to take, I was just pointing out the divergence for an exmaple of the kind of divergence I had a question about which was bullish divergence.
  • #115,591
  • Aug 15, 2012 11:52am Aug 15, 2012 11:52am
Quoting rafstraszek
Ghous method - similiar, but using false breakout us a signal. Also ghous wrote some time ago, that in his opinion move is stronger, when price will be rejected not only from hcr but also hhr...like here...

But I can see now, that chance are little, to close below, long is more likely...
It was going to be hard shot anyways with all those tonnes of bar opens/closes (roughly the 123.00 RN) lining up just under your levels

g.
I believe . . .
  • #115,592
  • Aug 15, 2012 12:09pm Aug 15, 2012 12:09pm
Quoting ghous
It was going to be hard shot anyways with all those tonnes of bar opens/closes (roughly the 123.00 RN) lining up just under your levels

g.
Yes but I'm going to BE fast, so if enter on retest 123.50 - BE would would be 123.25, or sth similiar...but as I said close is not likely.
And thanks for your comment - I appreciate that.

cheers
  • #115,593
  • Aug 15, 2012 12:42pm Aug 15, 2012 12:42pm
Quoting mbqb11
trade closed
I think it will run little deeper.
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all is eternal - this is good news for people who loves bad news
  • #115,594
  • Aug 15, 2012 1:01pm Aug 15, 2012 1:01pm
possible trade - loonie
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all is eternal - this is good news for people who loves bad news
  • #115,595
  • Aug 15, 2012 1:21pm Aug 15, 2012 1:21pm
Quoting meshka
I think it will run little deeper.
A retracement MIGHT happen at this point
  • #115,596
  • Aug 15, 2012 1:22pm Aug 15, 2012 1:22pm
at last...
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all is eternal - this is good news for people who loves bad news
  • #115,597
  • Aug 15, 2012 1:35pm Aug 15, 2012 1:35pm
Quoting meshka
possible trade - loonie
I was looking at this one too. Will just have to see what happens.
  • #115,598
  • Aug 15, 2012 1:37pm Aug 15, 2012 1:37pm
Quoting mbqb11
trade closed
Trendline still respected. Rejected sharply. Very beautiful price action we see while this move down. 3 clear swings already.
If not up, then down, otherwise sideways :-)
  • #115,599
  • Aug 15, 2012 1:59pm Aug 15, 2012 1:59pm
Sometimes the market is mad at us :-) See what happened on Eur/USD H4.
I think the entry wasn't too bad with confluence and PA candle.

Have fun!

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  • #115,600
  • Aug 15, 2012 2:08pm Aug 15, 2012 2:08pm
and we have strong close.
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all is eternal - this is good news for people who loves bad news
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