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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

  • #116,881
  • Aug 30, 2012 1:59pm Aug 30, 2012 1:59pm
I think price has broken a support level on NZDUSD daily. I'm thinking that if it can retest the 0.8050 level it just broke, a sell entry can be made with room to run down to 0.7800. Does anyone else see a similar setup or something else?
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  • #116,882
  • Aug 30, 2012 2:26pm Aug 30, 2012 2:26pm
Jarroo, what would you do in this situation: sold at the touch of a weekly level LCS or would wait close of the candle?
I know that both methods are valid, but what would you have chosen?
gLCSs - gaped LCS
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  • #116,883
  • Aug 30, 2012 2:40pm Aug 30, 2012 2:40pm
GBP/NZD

double bottom and PPZ, we need a nice mike bar here

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  • #116,884
  • Aug 30, 2012 2:42pm Aug 30, 2012 2:42pm
this crazy thread is turning into realtime chat LOL
all is eternal - this is good news for people who loves bad news
  • #116,885
  • Aug 30, 2012 2:43pm Aug 30, 2012 2:43pm
Quoting Slider20
I think price has broken a support level on NZDUSD daily. I'm thinking that if it can retest the 0.8050 level it just broke, a sell entry can be made with room to run down to 0.7800. Does anyone else see a similar setup or something else?
yes nice one...broke the TL, like the weekly chart

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  • #116,886
  • Aug 30, 2012 3:16pm Aug 30, 2012 3:16pm
Quoting meshka
this crazy thread is turning into realtime chat LOL
Seems like i'm not the only one that can't keep up hahaha
Аctivity is through the roof
  • #116,887
  • Aug 30, 2012 3:22pm Aug 30, 2012 3:22pm
Quoting ghous
For demo you could use Fxpro or Ironfx or Fxopen. They all have quite a few pairs with the 5 PM NY daily close. Free unlimited demo accounts.

g.
Hotforex Is better then ANY OTHER broker I think ...
Human
  • #116,888
  • Aug 30, 2012 3:22pm Aug 30, 2012 3:22pm
Quoting bullzeye
SILVER

...beauty

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SILVER

still in love with that one

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  • #116,889
  • Aug 30, 2012 3:22pm Aug 30, 2012 3:22pm
Quoting Rust
Seems like i'm not the only one that can't keep up hahaha
Аctivity is through the roof
Recently I went to sleep (after checking j16 thread) and after waking up (7-8 hours I think) I checked j16 ff again - ten new pages o.O Made myself a coffee - 3 more appeared
  • #116,890
  • Aug 30, 2012 3:26pm Aug 30, 2012 3:26pm
Jarroo , One question from me too please ....

I have a little bit of situation here ... I want you opinion ...
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Human
  • #116,891
  • Aug 30, 2012 3:40pm Aug 30, 2012 3:40pm
I don't know what I was thinking ... I am sorry for being delusional ...
Human
  • #116,892
  • Aug 30, 2012 4:07pm Aug 30, 2012 4:07pm
Quoting Slider20
I think price has broken a support level on NZDUSD daily. I'm thinking that if it can retest the 0.8050 level it just broke, a sell entry can be made with room to run down to 0.7800. Does anyone else see a similar setup or something else?
Hey. I noticed that also. I already entered on the next day retest (PBT CB). I have a similar pending order on other pairs with the similar situation, but i don't know if it will retest it again (See AUDCAD, NZDCHF, AUDUSD , EURNZD).

Good luck

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I don't need easy. I just need possible.
  • #116,893
  • Aug 30, 2012 4:15pm Aug 30, 2012 4:15pm
First of all, i'd like to thanks to all in this thread.
I have red it for 1 year.

What about my first chart?
GBP/TRY daily Pin.
I think there is enough space to reach the FTA.
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  • #116,894
  • Aug 30, 2012 4:17pm Aug 30, 2012 4:17pm
I have a question regarding with the situation on the post above (mine) and PBT method. How often will price shoot down without a larger retest?

The situations i thought about are:

1) PBT&CB, small retest the next day and shoot down

2) PBT&CB, small retest the next day , shoot down and retest again with a more ample retracement

3) PBT&CB, no retest the next day, shoot down and retest with a more ample retracement

4) PBT&CB, no retest the next day, and just shoot down without a retracement.

Hope this is clear. Thanks

Edit: Did someone make a Skype Group for PBT-ers ?
I don't need easy. I just need possible.
  • #116,895
  • Aug 30, 2012 4:18pm Aug 30, 2012 4:18pm
Quoting DaGrizlyBull
Hey. I noticed that also. I already entered on the next day retest (PBT CB). I have a similar pending order on other pairs with the similar situation, but i don't know if it will retest it again (See AUDCAD, NZDCHF, AUDUSD , EURNZD).

Good luck

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You're already sitting nicely in profit then. How are you managing it at this point? Did you move to BE yet?
  • #116,896
  • Aug 30, 2012 4:20pm Aug 30, 2012 4:20pm
Quoting dan89
Thanks for the advice mate. I think im going to look for 4hr confirmations when I can (since i have a full time job). Setting a pending order right on the level (LCS/HCR) with the correct SL placement and maybe several limits at valid targets would work well for me since I dont really have a chance to look at charts during the day (due to work). What do you think about this mate ?



Any advice Jarroo ?
  • #116,897
  • Aug 30, 2012 4:22pm Aug 30, 2012 4:22pm
Quoting mbqb11
Hey Delta

I am sorry I should have put up the MACD it was early


Here ya go notice the divergence

Best
Mike
updated chart look how price pulls back to the lows it closes over.

Classic j16 there.
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  • #116,898
  • Aug 30, 2012 4:24pm Aug 30, 2012 4:24pm
Jaroo, if you hold the webinar, where will the details be announced? And do you have a time for it in mind already?

Thanks!
I don't need easy. I just need possible.
  • #116,899
  • Aug 30, 2012 4:30pm Aug 30, 2012 4:30pm
Quoting Rosa
Hello,

Maybe to early but there is 2 HCR so I think that is good position, now I am wainting for a Jarroo "Baammmmm" . best, Rosa.


Quoting jarroo
Rosa . .Could you have just picked the High of the Day?(NzdUsd) . .we'll have to wait and see . .
Nice trade Rosa . .you picked the High of the Day . . Bam!! Baby . .
Indicators show the past. Price Action "Indicates" the future.
  • #116,900
  • Aug 30, 2012 4:39pm Aug 30, 2012 4:39pm
Quoting DaGrizlyBull
Jaroo, if you hold the webinar, where will the details be announced? And do you have a time for it in mind already?

Thanks!
..it will be announced here often. . it still in the works on when . .
Indicators show the past. Price Action "Indicates" the future.
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