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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

  • #115,961
  • Aug 21, 2012 10:37pm Aug 21, 2012 10:37pm
Quoting Chanya
Does this help ???

Damn you gaps!!!! . ..


Very nice Chanya . .
Indicators show the past. Price Action "Indicates" the future.
  • #115,962
  • Aug 21, 2012 11:02pm Aug 21, 2012 11:02pm
Quoting jarroo
S/L would go above the High of the bar that PBT&CB. . let's see if it gets hit.

Quoting rafstraszek
Hey my friend, why do you think it is not the best setup? Personally, I like it very much - lot of confluence...so why? If you already have written about it, I would appreciate directing me to this post.

thanks and take care

I didn't like how the HCR/LCS levels were zigzaged or staggered apart. A nice clear, striaght level with a nice build of consolidation that is trading into Space is what I prefer.

But it did work out nicely ..they often do at these S/L placements.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #115,963
  • Aug 21, 2012 11:25pm Aug 21, 2012 11:25pm
Quoting yomex_y2
Hey Jarroo, what do you think ?
That's an interesting long term overview . . Here's my chart on the Euro.
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Indicators show the past. Price Action "Indicates" the future.
  • #115,964
  • Aug 21, 2012 11:29pm Aug 21, 2012 11:29pm
Quoting mbqb11
Hey Aser

I basically just open two charts at once through TOS and just quickly flick back and forth. I can run through a lot of charts pretty quick, but I don't have a scanner or anything like that. Never found ones I thought were reliable enough like the eye can be. I can run through a few thousand stocks in a few hours

Mike
Hey Mike, do I get you right: You only keep the pairs/stocks/etc. open that show a potential setup? The rest remains closed?

And what is TOS? Is it your charting software?
Thanks J16, Sam Seiden, Udine and Jacko
  • #115,965
  • Aug 21, 2012 11:35pm Aug 21, 2012 11:35pm
Quoting Forexgogo
I think I put a short order at the bottom of the last bar if it closes under 125.0
Still not yet entered. Kinda afraid of such a strong support area (3 days of stagnancy right under 125!) Need to see the price breaks either up or down the TLs
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  • #115,966
  • Aug 21, 2012 11:38pm Aug 21, 2012 11:38pm
Quoting dan89
...hmm..how do you decide whether the use the Daily Close Confirmation thing or play the levels normally when trading live though ?

To use the Daily Close Confirmation you simply wait for the Daily Close to make your decision . .which I believe James16 uses this approach also.

Or to use a touch trade at this level, you could use a Hourly Close Confirmation thing. .
Indicators show the past. Price Action "Indicates" the future.
  • #115,967
  • Aug 21, 2012 11:46pm Aug 21, 2012 11:46pm
Nice day

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  • #115,968
  • Aug 21, 2012 11:50pm Aug 21, 2012 11:50pm
Quoting utiq
Nice day

Attachment




Nice one utiq . . Could have got in earlier .
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Indicators show the past. Price Action "Indicates" the future.
  • #115,969
  • Aug 21, 2012 11:59pm Aug 21, 2012 11:59pm
Quoting jarroo
Thanks correct, 0421.

S/L is below the Low of the Bar that PBT&CA.

Here are some targets ( previous bar Highs and Lows on the Daily) in blue.

I like how Price Close aboved both HCR levels and that LCS level.


Price is hitting targets now you could reduce your risk alot right now . .

Nice work, 0421.

Jim

I wonder it 0421 got back into the EurNzd .
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Indicators show the past. Price Action "Indicates" the future.
  • #115,970
  • Aug 22, 2012 12:01am Aug 22, 2012 12:01am
Thanks Jarroo, I really liked your concept to put a SL below of the bar that PBT&CA or CB
  • #115,971
  • Aug 22, 2012 12:05am Aug 22, 2012 12:05am
Quoting utiq
Thanks Jarroo, I really liked your concept to put a SL below of the bar that PBT&CA or CB
for example:
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PS I know that the entrance is not very correct
  • #115,972
  • Aug 22, 2012 12:06am Aug 22, 2012 12:06am
Quoting utiq
Thanks Jarroo, I really liked your concept to put a SL below of the bar that PBT&CA or CB

Yeah its a logcal S/L placement.

The GpbUsd Weekly setup is working out although the draw down would be tough to endure . .
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Indicators show the past. Price Action "Indicates" the future.
  • #115,973
  • Aug 22, 2012 12:06am Aug 22, 2012 12:06am
Quoting jarroo
That's an interesting long term overview . . Here's my chart on the Euro.
How you decide that where do you put your entry, LLS or LCS.
I see sometime you put on the LLS, sometime on LCS.....
Mától én vagyok a Soros!
  • #115,974
  • Aug 22, 2012 12:09am Aug 22, 2012 12:09am
Quoting utiq
for example:
Attachment

PS I know that the entrance is not very correct
Yeah I post my before and after charts on the Aud above.


There was nothing wrong with that entry, LCS level . ..just be aware of the S/L placement and the draw down that could come your way.
Indicators show the past. Price Action "Indicates" the future.
  • #115,975
  • Aug 22, 2012 12:12am Aug 22, 2012 12:12am
Quoting jarroo
Yeah I post my before and after charts on the Aud above.


There was nothing wrong with that entry, LCS level . ..just be aware of the S/L placement and the draw down that could come your way.
thanks again
  • #115,976
  • Aug 22, 2012 12:12am Aug 22, 2012 12:12am
Quoting Gogolak
How you decide that where do you put your entry, LLS or LCS.
I see sometime you put on the LLS, sometime on LCS.....
LLS stands for ??
Indicators show the past. Price Action "Indicates" the future.
  • #115,977
  • Aug 22, 2012 12:14am Aug 22, 2012 12:14am
Quoting jarroo
I didn't like how the HCR/LCS levels were zigzaged or staggered apart. A nice clear, striaght level with a nice build of consolidation that is trading into Space is what I prefer.
Jim
Makes sense, thanks very much

take care
  • #115,978
  • Aug 22, 2012 12:19am Aug 22, 2012 12:19am
Quoting Donkey
I know this isn't typical use of retracements, but that damn gap/daily level is also the 50% retracement level of last weeks range.

I imagine you're looking to enter short at the gap, TP at the 1.0300ish, re-enter short if price can close below and pull back to 1.0300ish??

Looks like that Weekly LCS levels or "gap" had a say, Donkey. . .damn you gaps . .
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Indicators show the past. Price Action "Indicates" the future.
  • #115,979
  • Aug 22, 2012 12:29am Aug 22, 2012 12:29am
Jarroo

Sorry if this was answered before, probably was but i missed it lol.

Lets say PBT but don't come back to trigger order.
In this case do you just leave order in place or erase in few days/weeks ?

Thank you


Regards,
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  • #115,980
  • Aug 22, 2012 12:31am Aug 22, 2012 12:31am
Hi everyone, I have a question about Eurnzd. There is a BUOB in daily and a wedge of the weekly, is this a good location to play?

Thank you.
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