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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

  • #116,601
  • Aug 28, 2012 7:21pm Aug 28, 2012 7:21pm
Quoting geniusztc
just trend line
my masterS. what should i do in this case ? wait or close out .
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A chart helps those who can read it.
  • #116,602
  • Aug 28, 2012 7:23pm Aug 28, 2012 7:23pm
Quoting euro_dude
How would you handle this?

It looks like a "touch" trade or should I wait for a daily close?

Regards,
JS
Price sure tested that S/L placement on the Daily which would go above the High of the PBT&CB bar.

But check out the Weekly setup . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,603
  • Aug 28, 2012 7:44pm Aug 28, 2012 7:44pm
Quoting jarroo
Stay on the Daily , my friend . . .
Hi, Jim
Just catching up with the thread, 8 hours sleep and 10 pages to read.
Sleep less or read faster, I guess.

Do you mean, only look at this on the daily, not the lower tf?

I get the feeling we are waiting for bullish PA?
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  • #116,604
  • Aug 28, 2012 7:45pm Aug 28, 2012 7:45pm
Quoting geniusztc
my masterS. what should i do in this case ? wait or close out .

I would wait . .Price is testing this proven level of Support. Give it another Daily close and see what happens . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,605
  • Aug 28, 2012 7:54pm Aug 28, 2012 7:54pm
Quoting Pinbar
Hi, Jim
Just catching up with the thread, 8 hours sleep and 10 pages to read.
Sleep less or read faster, I guess.

Do you mean, only look at this on the daily, not the lower tf?

I get the feeling we are waiting for bullish PA?
Well, PBT&CB the LCS level that we talked about yesterday so we would be looking to go short at that level.
Indicators show the past. Price Action "Indicates" the future.
  • #116,606
  • Aug 28, 2012 8:06pm Aug 28, 2012 8:06pm
The Daily level right?

That is also what I was thinking but, as it also broke that weekly level at 0.7719, do you think it will come back as far as the Daily level?

Thanks Jim
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  • #116,607
  • Aug 28, 2012 8:16pm Aug 28, 2012 8:16pm
Quoting Pinbar
The Daily level right?

That is also what I was thinking but, as it also broke that weekly level at 0.7719, do you think it will come back as far as the Daily level?

Thanks Jim
Yes it could retrace back to that level, sure.

But it also could continue down.

To bad we didn't start this earlier this Month . . . .we would be talking about managing this trade . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,608
  • Aug 28, 2012 8:28pm Aug 28, 2012 8:28pm
Quoting jarroo
Yes it could retrace back to that level, sure.

But it also could continue down.

To bad we didn't start this earlier this Month . . . .we would be talking about managing this trade . .
I hear you. LOL
  • #116,609
  • Aug 28, 2012 8:29pm Aug 28, 2012 8:29pm
Quoting Rosco_P
SEK crosses have great PA across the board.

Attachment

Quoting jarroo
Let's look at the EurNzd . .very similar to what's developing on your chart Rosco ..

Looking good Rosco . .
Indicators show the past. Price Action "Indicates" the future.
  • #116,610
  • Aug 28, 2012 8:36pm Aug 28, 2012 8:36pm
Quoting Pinbar
I hear you. LOL
Quoting jarroo
Let's look at the EurNzd . .very similar to what's developing on your chart Rosco ..
Let's watch Rosco's EurSek too, Steve.

Let's see where the Daily Closes today . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,611
  • Aug 28, 2012 8:59pm Aug 28, 2012 8:59pm
Quoting Pinbar
I hear you. LOL
Let's watch the AudChf too . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,612
  • Aug 28, 2012 9:00pm Aug 28, 2012 9:00pm
Quoting jarroo
Let's watch Rosco's EurSek too, Steve.

Let's see where the Daily Closes today . .

I am on it.
Just looking at this chart, the area on the left at 8.3361 gets my attention.
Are we looking to this area as where it may find temporary resistance and pullback to the daily?
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  • #116,613
  • Aug 28, 2012 9:04pm Aug 28, 2012 9:04pm
Quoting jarroo
Let's watch the AudChf too . .

Check this out Steve . .let me zoom in on this little setup that worked. Tiny little weak bullish PB in a strong down trend and then PBT&CB . .That could be my avatar .. lol
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Indicators show the past. Price Action "Indicates" the future.
  • #116,614
  • Aug 28, 2012 9:10pm Aug 28, 2012 9:10pm
Quoting Pinbar
I am on it.
Just looking at this chart, the area on the left at 8.3361 gets my attention.
Are we looking to this area as where it may find temporary resistance and pullback to the daily?
Yes .. good eye. .I would like to see Price break that level again today . .yet still close above our most recent HCR level at 8.3118
Indicators show the past. Price Action "Indicates" the future.
  • #116,615
  • Aug 28, 2012 9:14pm Aug 28, 2012 9:14pm
Quoting Pinbar
I am on it.
Just looking at this chart, the area on the left at 8.3361 gets my attention.
Are we looking to this area as where it may find temporary resistance and pullback to the daily?

Price my also retrace back to this inner HCR level (in purple) in the Consolidation . .not a bad place for a S/L and/or entry.
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Indicators show the past. Price Action "Indicates" the future.
  • #116,616
  • Aug 28, 2012 9:19pm Aug 28, 2012 9:19pm
Quoting jarroo
Let's watch the AudChf too . .
Got it but, do we not also need this level at 0.9883 just below price?
This may be my problem.
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  • #116,617
  • Aug 28, 2012 9:27pm Aug 28, 2012 9:27pm
Quoting Pinbar
Got it but, do we not also need this level at 0.9883 just below price?
This may be my problem.
Don't look at it as a "problem" look at it as a "solution". Price may bounce off of that level and then retrace to our LCS level. Or Price my just ingore that level altogether and just want to deal with current Price levels . .our levels. .
Indicators show the past. Price Action "Indicates" the future.
  • #116,618
  • Aug 28, 2012 9:35pm Aug 28, 2012 9:35pm
Quoting jarroo
Don't look at it as a "problem" look at it as a "solution". Price may bounce off of that level and then retrace to our LCS level. Or Price my just ingore that level altogether and just want to deal with current Price levels . .our levels. .
Oh, Ok.
I thought that as you had not used it, for some reason, I could not work out, why it was not relative.

Thanks Jim, appreciate it.

As we already have Daily closes above or below these levels, do I imagine I need to be on the H4 TF or even H1?
Or just stay on the daily?
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  • #116,619
  • Aug 28, 2012 9:44pm Aug 28, 2012 9:44pm
Quoting jarroo
Yes .. good eye. .I would like to see Price break that level again today . .yet still close above our most recent HCR level at 8.3118

Hey Steve .This EurAud setup (a trade of which I am still in) is very similar to the EurSek.

Do you see the similarities?
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Indicators show the past. Price Action "Indicates" the future.
  • #116,620
  • Aug 28, 2012 9:50pm Aug 28, 2012 9:50pm
Quoting Pinbar
Oh, Ok.
I thought that as you had not used it, for some reason, I could not work out, why it was not relative.

Thanks Jim, appreciate it.

As we already have Daily closes above or below these levels, do I imagine I need to be on the H4 TF or even H1?
Or just stay on the daily?
Let's just stay on the Daily . James16 style . .
Indicators show the past. Price Action "Indicates" the future.
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