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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

  • #116,941
  • Aug 30, 2012 8:00pm Aug 30, 2012 8:00pm
Quoting Pinbar
Thanks Jim

These are the only charts on my platform.
Its cool looking at these setup upside down and invert them. . .you can see that they still make sense . .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,942
  • Aug 30, 2012 8:01pm Aug 30, 2012 8:01pm
Would the absence of divergence here bolster the idea of breaking through and closing above?
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  • #116,943
  • Aug 30, 2012 8:04pm Aug 30, 2012 8:04pm
Gotta go for now

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #116,944
  • Aug 30, 2012 8:07pm Aug 30, 2012 8:07pm
Quoting jarroo
So this Space doesn't count on the Cad
Where do you see SPACE there? There's a HUGE blue ball blocking price.
I don't need easy. I just need possible.
  • #116,945
  • Aug 30, 2012 8:08pm Aug 30, 2012 8:08pm
Quoting jarroo
Its cool looking at these setup upside down and invert them. . .you can see that they still make sense . .
Upside Down

Are you messing with my mind?
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  • #116,946
  • Aug 30, 2012 8:10pm Aug 30, 2012 8:10pm
Quoting DaGrizlyBull
Where do you see SPACE there? There's a HUGE blue ball blocking price.
That's a Great one Grizly.
  • #116,947
  • Aug 30, 2012 8:14pm Aug 30, 2012 8:14pm
OK here's a bounce trade on this pair. Took the trade on lower time frame price action.
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  • #116,948
  • Aug 30, 2012 8:18pm Aug 30, 2012 8:18pm
Quoting jarroo
Its cool looking at these setup upside down and invert them. . .you can see that they still make sense . .
Must be nice for this guy:

Attached Image

http://www.planet-familyguy.com/pfg/..._tn.jpghttp://
I don't need easy. I just need possible.
  • #116,949
  • Aug 30, 2012 8:21pm Aug 30, 2012 8:21pm
greetings ALL,

My first post here. What a great tread !!!. I have been studying and reading most of the recent posts, and there is no way not to learn something Many thanks to all tread masters and traders for sharring knowledge and will try to join and post some more to already HUGE tread....

My recent trade AJ, combo of Mike's boxing and Jarooo method...

Entered short off of previous BOX's LCS on daily with nice divergence. Trade was running into FTA but managed to push trough into nice trade with proper trade management. 2/3 rds off the table and rest is running
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  • #116,950
  • Aug 30, 2012 8:22pm Aug 30, 2012 8:22pm
Quoting Pinbar
So, basically I should be looking at the Cad like this?
Would you consider these to be the other relevant ones? Thanks

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I don't need easy. I just need possible.
  • #116,951
  • Aug 30, 2012 8:25pm Aug 30, 2012 8:25pm
I get confused and anxious when I see multiple lines on my chart. I went through all my charts and redrew the lines and eliminated alot of them. I am looking at the most current lines now. Less stressful.
  • #116,952
  • Aug 30, 2012 8:34pm Aug 30, 2012 8:34pm
So what does everyone think of this BEOB on GBP/SGD? Going over the pros and cons here is what I see.

A.) Confluence- Sold off @ 78.2 FIB Line/and second retest of Daily Trendline which was soundly rejected.
B.) Solid Close towards the bottom of the bar
C.) Previous PA (i.e Pinbar from 4 days ago showed their were good amount of seller in this area.
D.) With Weekly Trend.
E.) Good location in area where price typcially pulls back.

Cons

A.) Only a decent sized bar not really above average
B.) FTA seems pretty close @ 1.9736 but that breaks we do have space to move.
C.) No BRN
D.) No Divergence

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  • #116,953
  • Aug 30, 2012 9:39pm Aug 30, 2012 9:39pm
Quoting Rosco_P
So what does everyone think of this BEOB on GBP/SGD? Going over the pros and cons here is what I see.

A.) Confluence- Sold off @ 78.2 FIB Line/and second retest of Daily Trendline which was soundly rejected.
B.) Solid Close towards the bottom of the bar
C.) Previous PA (i.e Pinbar from 4 days ago showed their were good amount of seller in this area.
D.) With Weekly Trend.
E.) Good location in area where price typcially pulls back.

Cons

A.) Only a decent sized bar not really above average
B.) FTA seems pretty close @ 1.9736 but that breaks...
Hi,
I would wait for PBT the FIB 61,8 (followed Jarroo's rule!)
Mától én vagyok a Soros!
  • #116,954
  • Aug 30, 2012 9:45pm Aug 30, 2012 9:45pm
Quoting Rosco_P
So what does everyone think of this BEOB on GBP/SGD? Going over the pros and cons here is what I see.

A.) Confluence- Sold off @ 78.2 FIB Line/and second retest of Daily Trendline which was soundly rejected.
B.) Solid Close towards the bottom of the bar
C.) Previous PA (i.e Pinbar from 4 days ago showed their were good amount of seller in this area.
D.) With Weekly Trend.
E.) Good location in area where price typcially pulls back.

Cons

A.) Only a decent sized bar not really above average
B.) FTA seems pretty close @ 1.9736 but that breaks...
Considering the strength of the upmove, I would prefer to see the entire range of bars to the left engulfed rather than only the previous bar. If it closed below the low of that pinnnish looking outside bar (I think 1.9736 on your chart) I would see a better story.

I do agree that the close is great.
  • #116,955
  • Aug 30, 2012 10:03pm Aug 30, 2012 10:03pm
Quoting Gogolak
Hi,
I would wait for PBT the FIB 61,8 (followed Jarroo's rule!)
I agree.
I don't need easy. I just need possible.
  • #116,956
  • Aug 30, 2012 10:03pm Aug 30, 2012 10:03pm
Quoting jarroo
Hey RK.. We usually wait for the Daily PBT&CB . . .

For example the Daily NzdJpy . .Daily LCS level confluenced with two long term emas, 150 & 365 ema. . .nice.

Although this still worked out nicely on the Daily . .using a 4 Hour PBT&CB at the Daily LCS confluence level worked out too.


It didn't hurt either that there was a 4 Hour 365 ema confluence and a 4 Hour BEOB at that level too . .

Jim
I was watching the NZDJPY, http://www.forexfactory.com/showthre...98#post5962498
and endep up entering on Tuesday's bar using a 13pip buffer and 66 pip s/l. I've reduced 1/2 risk and considering since the PBT&CB bar on Tuesday, each day has closed lower than previous low, I'm going to try hold a little longer.
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  • #116,957
  • Aug 31, 2012 12:28am Aug 31, 2012 12:28am
Quoting DaGrizlyBull
Would you consider these to be the other relevant ones? Thanks

Attachment

Red are weekly Green are Daily.
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  • #116,958
  • Aug 31, 2012 1:29am Aug 31, 2012 1:29am
Quoting Pinbar
Upside Down

Are you messing with my mind?

lol
Indicators show the past. Price Action "Indicates" the future.
  • #116,959
  • Aug 31, 2012 1:29am Aug 31, 2012 1:29am
We see a strong level, around which revolves the price, and can not close below it 4 days ..
Yesterday it still ended pin false breakout. IMHO, this deal has the potential to go up to the green line.
A similar situation exists for EurCad, only in reverse
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  • #116,960
  • Aug 31, 2012 1:30am Aug 31, 2012 1:30am
Quoting DaGrizlyBull
Where do you see SPACE there? There's a HUGE blue ball blocking price.
The Blue ball of Space . lol ..
Indicators show the past. Price Action "Indicates" the future.
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