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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

  • #116,521
  • Aug 28, 2012 11:29am Aug 28, 2012 11:29am
Quoting Slider20
Does anyone else's NZDCHF feed look like this? This is the H1 and M5 chart. Every wick is 48-50 pips.
you got some bad data there from your brokers feed


Best
Mike
  • #116,522
  • Aug 28, 2012 11:31am Aug 28, 2012 11:31am
Quoting mbqb11
you got some bad data there from your brokers feed


Best
Mike
Sure looks like it. I'll give them a call and see what's going on.
  • #116,523
  • Edited 5:35pm Aug 28, 2012 11:53am | Edited 5:35pm
unapproved
  • #116,524
  • Aug 28, 2012 12:31pm Aug 28, 2012 12:31pm
Quoting gudras
What about EUR/AUD level 1.2063 if today price will close above?
I think it's approaching a weekly PPZ here. I'm new so I don't know what you're supposed to do in this situation, but I think I will wait for some price action to develop.
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  • #116,525
  • Aug 28, 2012 12:33pm Aug 28, 2012 12:33pm
Quoting Slider20
I think it's approaching a weekly PPZ here. I'm new so I don't know what you're supposed to do in this situation, but I think I will wait for some price action to develop.
This is a fantastic area to begin to watch for price action. This doesn't mean price has to reverse necessarily but it's likely to turn to resistance or if price gets above it support.

Nice clean chart Slider

Mike
  • #116,526
  • Aug 28, 2012 12:40pm Aug 28, 2012 12:40pm
Quoting mbqb11
This is a fantastic area to begin to watch for price action. This doesn't mean price has to reverse necessarily but it's likely to turn to resistance or if price gets above it support.

Nice clean chart Slider

Mike
Thank you Mike. Trying to get used to no moving averages is like throwing away your security blanket when you were little. It is not easy, but I understand it's necessary to move to the next level.
  • #116,527
  • Aug 28, 2012 12:41pm Aug 28, 2012 12:41pm
Quoting mbqb11
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
Believe me Mike, i tryed all TFs, even scalping lol. Daily simply suits me best, plus results are way better here, and that is all about right

BTW did you get on that H1 BUOB? D1 forming nice OB and just might get more push up tomorrow.

Regards,
  • #116,528
  • Aug 28, 2012 1:08pm Aug 28, 2012 1:08pm
Quoting tinkerbelle
If you dont know what to do when waiting for trades or simply wanna listen something funny, truth and educaiting about tradeing you should listen The traders podcast with Rob Booker. I downloaded them all and copy to ipod and listening when rideing.

I listend 4 - 13 episods yet and i can really really recommend it.

http://traderspodcast.com/

Looks nice ... Will check it out
Human
  • #116,529
  • Aug 28, 2012 1:35pm Aug 28, 2012 1:35pm
Quoting Chanya
NZD USD HEADS UP
Hey Chanya, just wanted to throw my .02 in, but I see this one completely different than you. I would be looking for long PA based on the factors in my picture...

What did you see to go short?
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  • #116,530
  • Aug 28, 2012 1:46pm Aug 28, 2012 1:46pm
Quoting deltaskelta
Hey Chanya, just wanted to throw my .02 in, but I see this one completely different than you. I would be looking for long PA based on the factors in my picture...

What did you see to go short?
he saw price closing below yellow lvl, so he put pending order and wait for retest...
Personally i didn't like this lvl - price was breaking it to many times recently for me...blue lvl is much better

cheers
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  • #116,531
  • Aug 28, 2012 1:50pm Aug 28, 2012 1:50pm
Quoting Pinbar
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.
weird I was in this trade from the last bottom because of pretty much all my confluence factors lining up.

I noticed on your chart the MA's are different because of different brokers, but they are waaaay different... Both MA's were right at the last bottom acting as support on my oanda feed.

Wow so different. I have to remember this about MA's. everyone is going to have them in different places...

You are using 150 and 365 there right?
  • #116,532
  • Aug 28, 2012 1:58pm Aug 28, 2012 1:58pm
Quoting rafstraszek
he saw price closing below yellow lvl, so he put pending order and wait for retest...
Personally i didn't like this lvl - price was breaking it to many times recently for me...blue lvl is much better

cheers
I agree, the blue zone is about the same level as I put on my chart. the old LCS is just to far away and too "muddy" to be respected, IMO
  • #116,533
  • Aug 28, 2012 2:02pm Aug 28, 2012 2:02pm
Quoting mbqb11
looks great Martin, some nice space, good former resistance. Just be cautious now as we are beginning to run out of space as price hits the FTAs

But very nice simple bar and play
Hello Mike, would you consider trading the daily if it closes as a BEOB or do you think there's not enough confluence?
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,534
  • Aug 28, 2012 2:02pm Aug 28, 2012 2:02pm
Quoting deltaskelta
DOOOOD massive confluence on AUDNZD!

I posted a chart with pretty much the same thing the other day on NYMEX miNY crude, and price just blew past it. Maybe price will respect all the factors this time...
update to this trade. took some off earlier today and moved stop up. Will move it up again if the BRN holds.
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  • #116,535
  • Aug 28, 2012 3:33pm Aug 28, 2012 3:33pm
Mike

Hello

What is your opinion on the G / CAD PB

Thank you
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  • #116,536
  • Aug 28, 2012 3:34pm Aug 28, 2012 3:34pm
Prepare for take off
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  • #116,537
  • Aug 28, 2012 3:46pm Aug 28, 2012 3:46pm
EUR/NZD

good area to watch...

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  • #116,538
  • Aug 28, 2012 3:49pm Aug 28, 2012 3:49pm
Quoting Greenhaze
Prepare for take off
Hey man,
which broker do you trade with? I don't have this pair ... hmm .
  • #116,539
  • Aug 28, 2012 3:52pm Aug 28, 2012 3:52pm
USD/SEK

strong support area, the pair shows signs of reversal, look for PA (actually is forming a BUOB on daily)

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  • #116,540
  • Aug 28, 2012 4:05pm Aug 28, 2012 4:05pm
euraud

i think it is good place to buy :-)
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