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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

  • #116,921
  • Edited 7:25pm Aug 30, 2012 7:14pm | Edited 7:25pm
Quoting Pinbar
Yeah, I meant the EA setup seems to have a greater buildup of consolidation with the closes lining up more than the Sek and also it does not have the second SP just above it.

Hey Steve . .does this setup developing on the UsdCad look familar?

(I replied to this post of yours for a reason . .)
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Indicators show the past. Price Action "Indicates" the future.
  • #116,922
  • Aug 30, 2012 7:19pm Aug 30, 2012 7:19pm
Mike Bar update on the AudJpy.

man . . that Mike guy sure knows his stuff . .I'm glad he's on our side. .


Quoting jarroo
AudJpy . .Rising Wedge breakout . .
Quoting jarroo
Mike (mbqb11) Bar: is a bar that is large in size that is in a direct relationship to a Price Pattern Breakout, Consolidation Breakout or Price Action Formation that could lead to a structural and/or dynamical shift in the market.


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #116,923
  • Aug 30, 2012 7:20pm Aug 30, 2012 7:20pm
Quoting jarroo
Hey Steve . .does this setup developing on the UsdCad look familar?

(I replied to this this post of yours for a reason . .)
You mean, it looks similar to the Eur/Sek?
  • #116,924
  • Aug 30, 2012 7:24pm Aug 30, 2012 7:24pm
Quoting Pinbar
You mean, it looks similar to the Eur/Sek?
Yes it does and the EurAud. .don't you think so?
Indicators show the past. Price Action "Indicates" the future.
  • #116,925
  • Aug 30, 2012 7:26pm Aug 30, 2012 7:26pm
Quoting jarroo
Mike Bar update on the AudJpy.

man . . that Mike guy sure knows his stuff . .I'm glad he's on our side. .
Mike. He the Man! Awesome stuff! Damn I love this stuff!
  • #116,926
  • Aug 30, 2012 7:27pm Aug 30, 2012 7:27pm
Quoting Winston Reed
Mike. He the Man! Awesome stuff! Damn I love this stuff!
Indicators show the past. Price Action "Indicates" the future.
  • #116,927
  • Aug 30, 2012 7:31pm Aug 30, 2012 7:31pm
Quoting jarroo
Yes it does and the EurAud. .don't you think so?
Yeah, the setup itself does but, the space is not there.
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  • #116,928
  • Aug 30, 2012 7:35pm Aug 30, 2012 7:35pm
Anyone else have this on their radar
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  • #116,929
  • Aug 30, 2012 7:36pm Aug 30, 2012 7:36pm
Quoting Pinbar
Yeah, the setup itself does but, the space is not there.
So this Space doesn't count on the Cad
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Indicators show the past. Price Action "Indicates" the future.
  • #116,930
  • Aug 30, 2012 7:40pm Aug 30, 2012 7:40pm
Quoting jarroo
So this Space doesn't count on the Cad

This llittle one worked out ok. .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,931
  • Aug 30, 2012 7:43pm Aug 30, 2012 7:43pm
Quoting jarroo
This litlle one worked out ok. .
I don't think OK is the appropriate word for this one ....
Human
  • #116,932
  • Aug 30, 2012 7:44pm Aug 30, 2012 7:44pm
Quoting Winston Reed
Anyone else have this on their radar

I would like to see Price break through it and close below . .then retest it as Resistance.
Indicators show the past. Price Action "Indicates" the future.
  • #116,933
  • Aug 30, 2012 7:45pm Aug 30, 2012 7:45pm
Quoting jarroo
So this Space doesn't count on the Cad
Agh, now this goes back to the problem I have of looking too far back.

So, would you consider all the consolidation on the left as not so important because of the immediate space to the left of price?

Your comment seems to open a Fresh, Old can of worms, in my head.
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  • #116,934
  • Aug 30, 2012 7:48pm Aug 30, 2012 7:48pm
Quoting jarroo
I would like to see Price break through it and close below . .then retest it as Resistance.
I like breaking through and closing then retesting. When price hits a nice level and bounces...those are the ones I have difficulty with.
  • #116,935
  • Aug 30, 2012 7:48pm Aug 30, 2012 7:48pm
Quoting Pinbar
Agh, now this goes back to the problem I have of looking too far back.

So, would you consider all the consolidation on the left as not so important because of the immediate space to the left of price?

Your comment seems to open a Fresh, Old can of worms, in my head.
Yep there you go again . lol..

We'll just keep an eye on it . .and see how it plays out.
Indicators show the past. Price Action "Indicates" the future.
  • #116,936
  • Aug 30, 2012 7:50pm Aug 30, 2012 7:50pm
Quoting Winston Reed
I like breaking through and closing then retesting. When price hits a nice level and bounces...those are the ones I have difficulty with.

counter trend trade . .I hear you bro.
Indicators show the past. Price Action "Indicates" the future.
  • #116,937
  • Aug 30, 2012 7:52pm Aug 30, 2012 7:52pm
So, basically I should be looking at the Cad like this?
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  • #116,938
  • Aug 30, 2012 7:53pm Aug 30, 2012 7:53pm
Quoting Pinbar
So, basically I should be looking at the Cad like this?

Yep just like those other pairs we talked about this week.
Indicators show the past. Price Action "Indicates" the future.
  • #116,939
  • Aug 30, 2012 7:54pm Aug 30, 2012 7:54pm
Perfect example of a potential bounce trade.
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  • #116,940
  • Aug 30, 2012 7:56pm Aug 30, 2012 7:56pm
Quoting jarroo
Yep just like those other pairs we talked about this week.
Thanks Jim

These are the only charts on my platform.
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