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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

  • #116,341
  • Aug 26, 2012 3:50pm Aug 26, 2012 3:50pm
Quoting 0421
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:

Quoting jarroo
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.
It has potential, 0421 . .let's see where it goes . .
Indicators show the past. Price Action "Indicates" the future.
  • #116,342
  • Edited 4:42pm Aug 26, 2012 3:52pm | Edited 4:42pm
Quoting HanSolo
Hey Ganesh, great you join us. And don't worry, there's nothing stupid about being new to this stuff. In fact, it's very intelligent to join this thread.


I will have an eye on AUDUSD and trade it Jarroo style if it happens to come back to the orange line on the daily. Or would this be against the rules as it already retraced on the 4h chart? Anyway, if it does not retrace I will take it as a 2-day-BEOB.

I don't really like the 4h area to the left (blue) as price traded just into it and went up again. Little areas like these can be real mean...
Is that blue box on the H4 supposed to be a DEMAND zone ?
I have a question of my own. Is this a possible demand buy zone on cable?

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I don't need easy. I just need possible.
  • #116,343
  • Aug 26, 2012 4:19pm Aug 26, 2012 4:19pm
Hello,

My view of aud/jpy and my short position.
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  • #116,344
  • Aug 26, 2012 4:25pm Aug 26, 2012 4:25pm
Quoting Rosa
Hello,

My view of aud/jpy and my short position.

Looks good Rosa .. . .applying Mike's stuff of seeing the bigger picture or bigger story can only help this method trading. .
Indicators show the past. Price Action "Indicates" the future.
  • #116,345
  • Aug 26, 2012 4:27pm Aug 26, 2012 4:27pm
Quoting 0421
jarroo do you like this trade?

THX

chart:
jarroo do you like my SL and BE??

THX.

my trade:
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  • #116,346
  • Aug 26, 2012 4:29pm Aug 26, 2012 4:29pm
Quoting Rosa
Hello,

My view of aud/jpy and my short position.
Price could retrace up to the Daily LCS level at 82.34 ..
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Indicators show the past. Price Action "Indicates" the future.
  • #116,347
  • Aug 26, 2012 4:36pm Aug 26, 2012 4:36pm
Quoting 0421
jarroo do you like my SL and BE??

THX.

my trade:

Looks good, 0421 . The Daily LCS has two levels because of the damn gaps. . . here's my chart .. Let's see if we can fill that damn gap up and continue down. .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,348
  • Aug 26, 2012 4:38pm Aug 26, 2012 4:38pm
Hello,

Yes, I know about it, but can you tell me more about weekly, I see that price is above HCR level, but also break uptrend line, so ...

Quoting jarroo
Price could retrace up to the Daily LCS level at 82.34 ..
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  • #116,349
  • Aug 26, 2012 4:43pm Aug 26, 2012 4:43pm
Jarroo how did you managed the most recent GBP USD scenario ???
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Human
  • #116,350
  • Aug 26, 2012 4:46pm Aug 26, 2012 4:46pm
Quoting Rosa
Hello,

Yes, I know about it, but can you tell me more about weekly, I see that price is above HCR level, but also break uptrend line, so ...
Does what I say on your chart make sense to you . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,351
  • Aug 26, 2012 4:57pm Aug 26, 2012 4:57pm
Quoting Chanya
Jarroo how did you managed the most recent GBP USD scenario ???
Quoting jarroo
It depends on the tightness of the Multi Bars. . .they can be to the pips of the mutli bar Highs or Lows (which I like) or within a pip or two like on the GU ..

Thoses levels would be good to manage the trade from the true PBT&CA from this consolidation breakout.
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Indicators show the past. Price Action "Indicates" the future.
  • #116,352
  • Edited 7:16pm Aug 26, 2012 5:07pm | Edited 7:16pm
Quoting Chanya
Jarroo how did you managed the most recent GBP USD scenario ???
Here my h1 - I bought on bottom of grey box (pinbar bar), move to be at top (next bar)...One could think that this nice pinbar will take me to the sky...
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  • #116,353
  • Aug 26, 2012 5:21pm Aug 26, 2012 5:21pm
[quote=HanSolo;5959009]Hey Samuel, I think it depends on your trading style. When your perspective is that of support and resistance even the highs/lows in the distant path, i.e. years on a weekly or monthly TF, may be of importance.

hansolo and meshka,

thank you very much for the response. i think am managing to reduce the numerous lines. also went back to post 1 to 100, entire weeknd and last week and am amazed what i have been missing. fabulous thread.

thanks guys. never been this at ease while trading.
cheers and keep up the good work
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #116,354
  • Aug 26, 2012 6:58pm Aug 26, 2012 6:58pm
ok, be, now going to sleep...
goodnight
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  • #116,355
  • Aug 26, 2012 7:47pm Aug 26, 2012 7:47pm
Let's see if this one works out.
Great monthly SP.
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  • #116,356
  • Aug 26, 2012 9:40pm Aug 26, 2012 9:40pm
I had a sleep-deprived revelation 5 minutes ago:

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I don't need easy. I just need possible.
  • #116,357
  • Aug 26, 2012 11:00pm Aug 26, 2012 11:00pm
Quoting DaGrizlyBull
I had a sleep-deprived revelation 5 minutes ago:

Attachment
Bad dream?

g.
I believe . . .
  • #116,358
  • Aug 27, 2012 12:09am Aug 27, 2012 12:09am
Quoting ghous
Bad dream?

g.
Can't be a dream if I'm sleep-deprived.
I don't need easy. I just need possible.
  • #116,359
  • Aug 27, 2012 12:52am Aug 27, 2012 12:52am
Quoting DaGrizlyBull
Can't be a dream if I'm sleep-deprived.
Probably a bad day-dream then, lol

g.
I believe . . .
  • #116,360
  • Aug 27, 2012 1:04am Aug 27, 2012 1:04am
Quoting DaGrizlyBull
Is that blue box on the H4 supposed to be a DEMAND zone ?
I have a question of my own. Is this a possible demand buy zone on cable?

Attachment
Hi Grizly, yes, there could be more demand than supply here and price could rise up again. But you have to see these zones in the bigger picture. If the level that recently pushed price down has tons of supply in it this small demand may very well fail you. Price may cut through it and use one of the levels below as short term support. Another important thing is how price gets there. I would never trade a thing like this on its own but you can use it as a tool of confluence for J16 trading.

Quoting rafstraszek
Here my h1 - I bought on bottom of grey box (pinbar bar), move to be at top (next bar)...One could think that this nice pinbar will take me to the sky...
This is a nice example. If you see a pin in the middle of such a bullish bar to the left and within that there is no decent demand level on a smaller TF it could be a sign (among others) that the setup is not the best one.

However, I don't want to get too deep into this thing as I think it may be beyond the scope of this thread. If you have any further questions just write me a message or open up a new thread and send me a link.

Quoting jarroo
Looks good, 0421 . The Daily LCS has two levels because of the damn gaps. . . here's my chart .. Let's see if we can fill that damn gap up and continue down. .
Great to see that you are also in this trade. Though I was a bit more anxious with my initial SL. I put it way up near the end of the thursday bar. Glad I'm already at BE.

That's a great SL method you developed there, Jarroo. It's pretty conservative, yet intelligent and capable of catching a decent number of these runners. I like it.

Quoting samuelngugi
thank you very much for the response. i think am managing to reduce the numerous lines. also went back to post 1 to 100, entire weeknd and last week and am amazed what i have been missing. fabulous thread.
Yes, this thread is a gem. You can read this stuff again and again and it will keep improving your trading. Also don't miss the guest video section on the PF.
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Thanks J16, Sam Seiden, Udine and Jacko
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