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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

  • #116,481
  • Aug 28, 2012 3:40am Aug 28, 2012 3:40am
Pinbar,
a similar situation:
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  • #116,482
  • Aug 28, 2012 6:39am Aug 28, 2012 6:39am
The weekly 0.7719 area has come into play.
Can't really ignore it now that price has reached it.
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  • #116,483
  • Aug 28, 2012 6:52am Aug 28, 2012 6:52am
Quoting dan89
Hi Mike, Just wondering if I can get your advice on this Silver chart.

Price has moved up to the decending trendline, broke though but could not close above. A pinbar (small) has now formed and closed below the trendline. Looks like there is plenty of space below for room for price to move freely. Whats your thoughts mate ? Location seems great to me, the actual pinbar is a bit small though.

Basically:

Pinbar (not massive)
Swing High
Decending Trendline
Space

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Hey Dan

For me the size of this bar vs the up move is just not enough coupled with IMO little confluence. That up move is the controller right now and I would need to see a much larger nose. Here was my chart explaining for those that are still ok with it we would need to babysit this. You can't take full bar losses on these types of bars

Best
Mike
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  • #116,484
  • Aug 28, 2012 6:58am Aug 28, 2012 6:58am
killer intraday BUOB
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  • #116,485
  • Aug 28, 2012 7:35am Aug 28, 2012 7:35am
EURAUD is about to break the resistance on the 4h chart. Doesn't mean too much, it could still go back down at the end of the day. I would like to see a daily close above 1.2094 to move my stop right behind it. My final target is 1.2160 (moved it down a bit a sellers/resistance sometimes come/s in early). I found it by zooming into this long bearish bar from 07/05/2012. On the 15 min you can see a small consolidation/pause in price. It also lines up with the daily LCS to the left. I think these are often very powerful areas where former strong support turns into now strong resistance. Let's see how price reacts there.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #116,486
  • Aug 28, 2012 7:43am Aug 28, 2012 7:43am
Quoting Pinbar
This H1 bar looks interesting
Wow, I love these bars. Look how it cut through support. Have you been trading it, PB?
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,487
  • Aug 28, 2012 7:56am Aug 28, 2012 7:56am
Quoting mbqb11
killer intraday BUOB
Is that a ''Mike Bar'' ...H1 is way to fast for me to notice those. Just gonna stay on lazy and slowly daily for now lol
  • #116,488
  • Aug 28, 2012 7:56am Aug 28, 2012 7:56am
Quoting Dan Gilbert
moved my stop down to above todays current high. basic S/R move here.
This one is behaving well , stop just moved to BE
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Many choose unhappiness over uncertainty.
  • #116,489
  • Aug 28, 2012 8:04am Aug 28, 2012 8:04am
Quoting gasgas
Is that a ''Mike Bar'' ...H1 is way to fast for me to notice those. Just gonna stay on lazy and slowly daily for now lol
Great to hear you doing that G, while learning EVERYONE should be on daily/weekly as James shows.

Wanted to show this one because of the confluenced level it was breaking and why this is so important

Best
Mike
  • #116,490
  • Aug 28, 2012 8:08am Aug 28, 2012 8:08am
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  • #116,491
  • Aug 28, 2012 8:11am Aug 28, 2012 8:11am
Hi guys,

I just noticed that AUDNZD could be setting up for a "Jarroo" style short entry at 1.2882 as shown in the chart below. Is anybody else watching this or got any thoughts on this setup?

Regards
Dave

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  • #116,492
  • Aug 28, 2012 8:11am Aug 28, 2012 8:11am
Quoting Dan Gilbert
This one is behaving well , stop just moved to BE
awesome Dan I got nicked out at b/e

Run baby

Mike
  • #116,493
  • Aug 28, 2012 8:13am Aug 28, 2012 8:13am
Quoting 0421
i have a question to You, why you sell on this level?? in my opionion there was better palce to trade on this chart.
it's my point of view:

chart:
Not sure if my feed is the same as yours but I use a little different entry method for confirmation. So I don't enter on the close below. Therefore I may get in just a little later.
  • #116,494
  • Edited 8:57am Aug 28, 2012 8:21am | Edited 8:57am
Today's action. I'm in a drawdown . I feel fine till it's below the blue rectangle

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One more guy.

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P.S. These SGD pairs behave very strange leverage wise. I can't open nowhere near my full positions. Oanda can't stop saying "no money". Damn OANDA! I want more leverage !!!
  • #116,495
  • Aug 28, 2012 8:38am Aug 28, 2012 8:38am
Quoting mbqb11
awesome Dan I got nicked out at b/e

Run baby

Mike
Bummer, you must have stopped out to the pip on that retrace....
Many choose unhappiness over uncertainty.
  • #116,496
  • Aug 28, 2012 8:42am Aug 28, 2012 8:42am
Quoting Winston Reed
Im on this too! - nice move so far today!
  • #116,497
  • Aug 28, 2012 8:46am Aug 28, 2012 8:46am
Quoting HanSolo
Wow, I love these bars. Look how it cut through support. Have you been trading it, PB?
No, I did not trade it as, the low of the previous daily bar was just below it.
If the H1 BEOB had closed below that daily low, I would have.

Actually, Jarro told me to watch this one so, I am sort of thinking we need to wait for a daily close below.
It also gave an H4 BEOB, funny how time frames seem to Echo the bars quite a bit.
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  • #116,498
  • Aug 28, 2012 8:55am Aug 28, 2012 8:55am
Quoting djcash
Hi guys,

I just noticed that AUDNZD could be setting up for a "Jarroo" style short entry at 1.2882 as shown in the chart below. Is anybody else watching this or got any thoughts on this setup?

Regards
Dave

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Take a look at the monthly and weekly, I would not short into this area.
The daily looks like we have a DBLHC in the making.
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  • #116,499
  • Aug 28, 2012 9:07am Aug 28, 2012 9:07am
Today I am on fire ... whew.
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  • #116,500
  • Aug 28, 2012 9:11am Aug 28, 2012 9:11am
My AUD CHF CHART
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Human
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