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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

  • #116,321
  • Aug 26, 2012 12:35pm Aug 26, 2012 12:35pm
Quoting rafstraszek
Nice situation on eurusd for long on weekly - we have PBT&CA now waiting for retest...

I like it rafstraszek . .
Indicators show the past. Price Action "Indicates" the future.
  • #116,322
  • Edited 1:28pm Aug 26, 2012 12:39pm | Edited 1:28pm
Quoting rafstraszek
Nice situation on eurusd for long on weekly - we have PBT&CA now waiting for retest...

I also like this "Mike Bar" breaking through a Closing above this steep trendline . .it could be a market structure shift or trend change . .



Quoting jarroo
Mike (mbqb11) Bar: is a bar that is large in size that is in a direct relationship to a Price Pattern Breakout, Consolidation Breakout or Price Action Formation that could lead to a structural and/or dynamical shift in the market.


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #116,323
  • Aug 26, 2012 12:43pm Aug 26, 2012 12:43pm
Quoting jarroo
I like it rafstraszek . .
Hey jarroo, thank you very much and I have question for you... price closed nicely below the most recent hcr, but above the the second one (in the middle of hcrs) I'll probably leave it (i try to avoid this complex and "not sure" situations ), but what do you think about this? We have also nice two day pinbar...
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  • #116,324
  • Aug 26, 2012 12:50pm Aug 26, 2012 12:50pm
Quoting rafstraszek
Hey jarroo, thank you very much and I have question for you... price closed nicely below the most recent hcr, but above the the second one (in the middle of hcrs) I'll probably leave it (i try to avoid this complex and "not sure" situations ), but what do you think about this? We have also nice two day pinbar...
Yeah the EurCad Daily Close Confirmation of Support is a bit indifferent. The CadChf looks better as a confirmation of Resistance

If that Close was stronger below on the EurCad I would like that 2 Day pinbar scenario more, but for now its a bit indifferent to me . .we'll see what happens.
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Indicators show the past. Price Action "Indicates" the future.
  • #116,325
  • Aug 26, 2012 12:59pm Aug 26, 2012 12:59pm
Quoting jarroo
Yeah the EurCad Daily Close Confirmation of Support is a bit indifferent. The CadChf looks better as a confirmation of Resistance

If that Close was stronger below on the EurCad I would like that 2 Day pinbar scenario more, but for now its a bit indifferent to me . .we'll see what happens.
i thinking about buy here, we have nice Close Above. what do you think?

THX.

chart:
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  • #116,326
  • Aug 26, 2012 1:02pm Aug 26, 2012 1:02pm
Quoting 0421
Thank You Jim.

a have a question about take some profit.

chart:

http://i48.tinypic.com/o87vx1.jpg

THX.
Quoting jarroo
Yes, that's a great target . . the HCR/LCS levels. Just place you S/L above these levels when Price closes below them. . or even before Price closes below them.

Jim
I think you missed my post 0421 on your eailer question.
Indicators show the past. Price Action "Indicates" the future.
  • #116,327
  • Aug 26, 2012 1:03pm Aug 26, 2012 1:03pm
Quoting jarroo
Yeah the EurCad Daily Close Confirmation of Support is a bit indifferent. The CadChf looks better as a confirmation of Resistance

If that Close was stronger below on the EurCad I would like that 2 Day pinbar scenario more, but for now its a bit indifferent to me . .we'll see what happens.
Thanks And if another candle would give strong bearish close - would you reconsider short (on retest)? Or you don't like "merging" candles?
  • #116,328
  • Aug 26, 2012 1:04pm Aug 26, 2012 1:04pm
Quoting 0421
i thinking about buy here, we have nice Close below. what do you think?

THX.

chart:
You mean a "Close Above" . . Yes that is technically correct 0421
Indicators show the past. Price Action "Indicates" the future.
  • #116,329
  • Aug 26, 2012 1:06pm Aug 26, 2012 1:06pm
Quoting jarroo
I think you missed my post 0421 on your eailer question.
yes i was, sorry for that..
  • #116,330
  • Aug 26, 2012 1:10pm Aug 26, 2012 1:10pm
Quoting jarroo
You mean a "Close Above" . . Yes that is technically correct 0421
close above, i edit this post, and now it's properly.
  • #116,331
  • Aug 26, 2012 1:13pm Aug 26, 2012 1:13pm
Quoting 0421
close above, i edit this post, and now it's properly.

We'll see how it plays out . .
Indicators show the past. Price Action "Indicates" the future.
  • #116,332
  • Aug 26, 2012 1:18pm Aug 26, 2012 1:18pm
Quoting jarroo
I also like this "Mike Bar" breaking through a Closing above this steep trendline . .it could be a market structure shift or trend change . .

AudJpy . .Rising Wedge breakout . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,333
  • Aug 26, 2012 1:29pm Aug 26, 2012 1:29pm
can we treat EMA 365 like a S/R level??

THX.

chart:
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  • #116,334
  • Aug 26, 2012 1:35pm Aug 26, 2012 1:35pm
Quoting 0421
can we treat EMA 365 like a S/R level??

THX.

chart:
Well I don't know about that...I think it's more a short time...I was long in it, but got out at be...
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  • #116,335
  • Aug 26, 2012 1:35pm Aug 26, 2012 1:35pm
Quoting 0421
can we treat EMA 365 like a S/R level??

THX.

chart:
I use the long term EMAs just as James16 uses them . .as a confluencing tool. So they must lined up or be in confluence with a Support Level, Resistance levek or PPZ level.

That 365 EMA looks to be line with a previous LCS level. . .although that LCS level is a minor one.

I don't use the 365 EMA alone as S/R level.
Indicators show the past. Price Action "Indicates" the future.
  • #116,336
  • Aug 26, 2012 1:37pm Aug 26, 2012 1:37pm
jarroo do you like this trade?

THX

chart:
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  • #116,337
  • Aug 26, 2012 1:38pm Aug 26, 2012 1:38pm
Quoting 0421
jarroo do you like this trade?

THX

chart:

Looks good, 0421 . . . Like I said ..you got a good eye ..
Indicators show the past. Price Action "Indicates" the future.
  • #116,338
  • Aug 26, 2012 1:41pm Aug 26, 2012 1:41pm
USD/JPY Weekly HCR lining up with the daily HCR, do you think the close above is strong enough?
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  • #116,339
  • Aug 26, 2012 1:44pm Aug 26, 2012 1:44pm
Quoting freeze
USD/JPY Weekly HCR lining up with the daily HCR, do you think the close above is strong enough?
Impressive, freeze . yes, that looks good . ..

Notice how price acted as Resistance at the HCR level when Price closed below it.
Indicators show the past. Price Action "Indicates" the future.
  • #116,340
  • Aug 26, 2012 1:47pm Aug 26, 2012 1:47pm
Quoting rafstraszek
Well I don't know about that...I think it's more a short time...I was long in it, but got out at be...
yes i like that too, that's why i'm asking about EMA 365. for me it's hard too state clearly where price will go.

what do you think jarroo about this chart?

THX

chart:
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