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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

  • #117,061
  • Sep 2, 2012 12:14pm Sep 2, 2012 12:14pm
Quoting rafstraszek
euraud opened above 1.22??
Nice . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,062
  • Sep 2, 2012 12:15pm Sep 2, 2012 12:15pm
Quoting jarroo
Nice . .
It was a question xD
  • #117,063
  • Sep 2, 2012 12:16pm Sep 2, 2012 12:16pm
Quoting rafstraszek
It was a question xD

Oh . .I don't know the answer to that . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,064
  • Sep 2, 2012 12:16pm Sep 2, 2012 12:16pm
Quoting rafstraszek
Jarroo, could I know your opinion about this close on eurusd??
Close is weak, followed by quite strong rejection...I know that Chanya don't like when close is weak like that...

thanks for response
Jarroo, could you?
  • #117,065
  • Sep 2, 2012 12:17pm Sep 2, 2012 12:17pm
Quoting rafstraszek
Jarroo, could you?

Working on it as we speak . .and brzvadeg's post . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,066
  • Sep 2, 2012 12:20pm Sep 2, 2012 12:20pm
Quoting jarroo
Working on it as we speak . .and brzvadeg's post . .
Ok, thanks...can't wait
  • #117,067
  • Sep 2, 2012 12:31pm Sep 2, 2012 12:31pm
Quoting brzvadeg
Attachment

If price close above 1.2633 or 1.2707 better, it will return into space and it will have enough space to reach 1.3030. I understand you correctly?

Quoting rafstraszek
Jarroo, could I know your opinion about this close on eurusd??
Close is weak, followed by quite strong rejection...I know that Chanya don't like when close is weak like that...

thanks for response
brzvadeg, not sure where it will reach once it gets into that Open Space but we can see the makings or story of this pair trending up. . .
. . Strong Price Pattern breakout and a bit of a consolidation breakout. . .all the signs of a strong uptrend. If we can get above those levels of Resistance (HCRs) . .the sky's the limit.


rafstraszek, PBT&CA the HCR levels of that consolidation is a bit weak but technically correct. .well see how strong the potential uptrend really is. The Resistance levels (HCRs) above will have their say. . .it could get a bit choppy or we could just smash right through it all.

Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro02.jpg Size: 97 KB
Click to Enlarge Name: euro02a.jpg Size: 102 KB
Indicators show the past. Price Action "Indicates" the future.
  • #117,068
  • Sep 2, 2012 12:32pm Sep 2, 2012 12:32pm
Hi Jarroo

Not sure if you saw my last question a few days ago but I was just thinking about possible trade management methods for those of us with a 9-5 job. Do yo have any suggestions on how we can manage our trades ? we cant use 1hr/4hr signitures since we wont be at the charts. Any thoughts on setting sl/tp/trade management etc ?

Cheers
Dan
  • #117,069
  • Sep 2, 2012 12:34pm Sep 2, 2012 12:34pm
Quoting Chanya
Interesting trade scenario for Monday ...

Weekly PBT&CB and retest + Daily Level and now on daily , we have a daily close confirmation ... Stops above the yellow zone , a cheap trade in the making ... What are your thoughts Jarroo ? Are you going to close your longs now ???
reaction yes, but main trend is heavy bullish and we dont have a bearish pinbar here...
im flat on this one...
Hero calls followed by margin calls...
  • #117,070
  • Sep 2, 2012 12:43pm Sep 2, 2012 12:43pm
Quoting dan89
Hi Jarroo

Not sure if you saw my last question a few days ago but I was just thinking about possible trade management methods for those of us with a 9-5 job. Do yo have any suggestions on how we can manage our trades ? we cant use 1hr/4hr signitures since we wont be at the charts. Any thoughts on setting sl/tp/trade management etc ?

Cheers
Dan
I'm taking decision about moving my sl after daily close (so there is no need to sit and watch trade all day), original sl - most recent trouble area or low/high of pbt bar...I use tp rarely - only when I see really strong ppz...
Enter on touch (pendings), ea is moving to be for me...I'm really don't spend a lot of time in front of the screen...
  • #117,071
  • Sep 2, 2012 12:46pm Sep 2, 2012 12:46pm
Quoting jarroo
rafstraszek, PBT&CA the HCR levels of that consolidation is a bit weak but technically correct. .well see how strong the potential uptrend really is. The Resistance levels (HCRs) above will have their say. . .it could get a bit choppy or we could just smash right through it all.

Jim
So I leave it for now, if it go north - there will be other hcr/lcs to watch before space...or maybe there will be nice bullish gap...

Thanks again
  • #117,072
  • Sep 2, 2012 12:50pm Sep 2, 2012 12:50pm
Quoting HanSolo
You also seem to have piled up some proft now. This is a very nice SL method to catch runners like this, Jarroo.

Hm, I'm not sure what to make out of the 4h PB from friday. It may just be the obligatory friday sell-off or the start of some bigger retrace. Looking at it again the 50 % Fib might also be a good projection before it really collapses. It lines up with a former swing low and the start of some bigger sell-off on its way down.

My bet for next week is that it will at least consolidate between here and 1.2050 for a while. If it breaks...

Yeah that 4 Hour PB on your interbank feed looks weak compared to the strong uptrend. But it still may workout . .meaning it would hit its immediate target and then start moving back up.

Yes I can see Price Consolidating between those Support and Resistance levels.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud02.jpg Size: 111 KB
Indicators show the past. Price Action "Indicates" the future.
  • #117,073
  • Sep 2, 2012 12:50pm Sep 2, 2012 12:50pm
beob im watching

what does a "squeeze" like this show us?
Attached Image (click to enlarge)
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  • #117,074
  • Sep 2, 2012 12:53pm Sep 2, 2012 12:53pm
Quoting mbqb11
beob im watching

what does a "squeeze" like this show us?


Quoting jarroo
Mike Bar update on the AudJpy.

man . . that Mike guy sure knows his stuff . .I'm glad he's on our side. .
Indicators show the past. Price Action "Indicates" the future.
  • #117,075
  • Sep 2, 2012 1:06pm Sep 2, 2012 1:06pm
Quoting mbqb11
beob im watching

what does a "squeeze" like this show us?
momentum loss??
  • #117,076
  • Sep 2, 2012 1:07pm Sep 2, 2012 1:07pm
Quoting euro_dude
Hi Jim:

The PBT&CA candle broke two HCR levels.

1) If you had entered on Thursday from the higher HCR - wouldn't the trade be considered OVER since price closed below the HCR?

2) However, if you entered on Friday from the lower HCR - The trade would still be open....

I thought the higher HCR was the better level.

3) Would you have entered twice?

Regards,
JS

Hey JS,

1) Yes that's correct on the Thursday entry we would be out because Price closed below our HCR/entry level.

2) Yes, absolutely.

2) Yes, the setup is still valid.

Chart 2 . . another interesting setup in the making on the EurSek. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eursek0222.jpg Size: 88 KB
Click to Enlarge Name: eursekppz making.jpg Size: 79 KB
Indicators show the past. Price Action "Indicates" the future.
  • #117,077
  • Sep 2, 2012 1:11pm Sep 2, 2012 1:11pm
Quoting rafstraszek
Jarroo, could I know your opinion about this close on eurusd??
Close is weak, followed by quite strong rejection...I know that Chanya don't like when close is weak like that...

thanks for response
True , I don't like weak closes but this maybe different ... Price will probably open up with a gap , so if that happens , it will be as legit for me as anyother ...
Human
  • #117,078
  • Sep 2, 2012 1:14pm Sep 2, 2012 1:14pm
Quoting Chanya
True , I don't like weak closes but this maybe different ... Price will probably open up with a gap , so if that happens , it will be as legit for me as anyother ...
Yes exactly my thoughts

Quoting rafstraszek
or maybe there will be nice bullish gap...
Thanks again
  • #117,079
  • Sep 2, 2012 1:24pm Sep 2, 2012 1:24pm
Quoting james -1.6
Hi jarroo,

my SL was hit by high spread and black friday
I know, it will be my cup of tea....time, practise, time....
Hey James . .yeah that was a nice looking PB at a Swing High . .but its just not big enough to really counter the strong uptrend. . sure it did provide a bit of a move but it didn't even hit its FTA . .tells me that the uptrend is really strong.

Keep at it , my friend . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #117,080
  • Edited 1:47pm Sep 2, 2012 1:32pm | Edited 1:47pm
Quoting mbqb11
beob im watching

what does a "squeeze" like this show us?
Quoting jarroo

Sorry Mike, did I disrupt your lesson?

I can be an obnoxious teacher's pet at times . .

Jim
Indicators show the past. Price Action "Indicates" the future.
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