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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

  • #117,101
  • Sep 3, 2012 2:43am Sep 3, 2012 2:43am
Hmm, this could be an exhaustive move.
If this H1 PB closes below the 61.8 and it breaks, I may short it with a tight stop above the eye.
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  • #117,102
  • Edited 3:09am Sep 3, 2012 2:50am | Edited 3:09am
Quoting jarroo
Did not the Weekly Close Above Daily HCR "B" tooo?? It is not against my methodology . .it agrees with it.

Forget the Weekly stay on the Daily.

I read your "A" and "B" wrong on your chart. (darn it)

Please re-read my posts with these "A" and "B" .

edit: Question . .which is closer to current Price A or B . ?
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Indicators show the past. Price Action "Indicates" the future.
  • #117,103
  • Sep 3, 2012 2:52am Sep 3, 2012 2:52am
Quoting Pinbar
Hmm, this could be an exhaustive move.
If this H1 PB closes below the 61.8 and it breaks, I may short it with a tight stop above the eye.

Please stay on the Daily . I guess we are not doing this exercise any more . .oh well, it was worth a shot .
Indicators show the past. Price Action "Indicates" the future.
  • #117,104
  • Sep 3, 2012 3:06am Sep 3, 2012 3:06am
Quoting jarroo
Nice Hans . . . .look out below . . .
Jarroo, I have not seen all of your videos yet, so sorry for this premature question: do you ever take full profit at a level or do you always trail your stop behind important PPZs, HCRs/LCSs, etc.?
Thanks J16, Sam Seiden, Udine and Jacko
  • #117,105
  • Sep 3, 2012 3:14am Sep 3, 2012 3:14am
Quoting HanSolo
Jarroo, I have not seen all of your videos yet, so sorry for this premature question: do you ever take full profit at a level or do you always trail your stop behind important PPZs, HCRs/LCSs, etc.?

Hey Hans . . That's a great question with a very simply answer. . .

Taking full profit at targets or letting Price run/ trail stops. . depends on one thing . .you guess it . .SPACE.

If there is limited Space or traffic . .take full profits or partials early and often.

Trading into Open Space . .give it more leewway . .let Price breathe in that Space and see if she runs.. .
Indicators show the past. Price Action "Indicates" the future.
  • #117,106
  • Sep 3, 2012 3:23am Sep 3, 2012 3:23am
Hi Mike, what will make you trigger your entry on this one (PRGO on the WEEKLY). Will the BEOB be enough or are you looking for a break out of the box with or without any PA now we have the divergence supporting it also..

thanks

Lehmann


Quoting mbqb11
you got it Raf
  • #117,107
  • Sep 3, 2012 3:34am Sep 3, 2012 3:34am
Quoting jarroo
Hey Hans . . That's a great question with a very simply answer. . .

Taking full profit at targets or letting Price run/ trail stops. . depends on one thing . .you guess it . .SPACE.

If there is limited Space or traffic . .take full profits or partials early and often.

Trading into Open Space . .give it more leewway . .let Price breathe in that Space and see if she runs.. .
Thank you very much, Jarroo.
Thanks J16, Sam Seiden, Udine and Jacko
  • #117,108
  • Sep 3, 2012 3:47am Sep 3, 2012 3:47am
Quoting jarroo
Please stay on the Daily . I guess we are not doing this exercise any more . .oh well, it was worth a shot .

Oh, ok.

Just about to read it again.
  • #117,109
  • Edited 4:44am Sep 3, 2012 4:06am | Edited 4:44am
Quoting jarroo
Please stay on the Daily . I guess we are not doing this exercise any more . .oh well, it was worth a shot .

Jim
Sorry for the confusion.
I got the impression that well, I really could not understand what you were talking about taking a long entry at the close of the weekly bar.

I have removed all the weekly levels and marked these areas as A, B, C & D and am still doing the exercise.
I just got confused and ran to H1 in an attempt to clear my head. Not a good idea, it seems.

If you have time, and the inclination, could you explain that bit about entering at the weekly close, with this chart.

I will stay on the daily.....
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  • #117,110
  • Sep 3, 2012 4:08am Sep 3, 2012 4:08am
Quoting HanSolo
Jarroo, I have not seen all of your videos yet, so sorry for this premature question: do you ever take full profit at a level or do you always trail your stop behind important PPZs, HCRs/LCSs, etc.?
what videos? where can I find the videos Jim?
  • #117,111
  • Sep 3, 2012 4:10am Sep 3, 2012 4:10am
Quoting mbqb11
Hey Leh

It could be price is just in a tight area now so it makes it a bit trickier. I would like to have see a bigger bar to want to trade back into the traffic area. The last time we were here an inside bar carried us higher. Price stopped right on the LCS as Jarroo shows as well. So it's support area and a clean PPZ flip.

For me I would prefer to see a situation like this play out though

Mike
Mike, don't you consider that kind of scenario (short), which is trading into space.
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If not up, then down, otherwise sideways :-)
  • #117,112
  • Sep 3, 2012 4:11am Sep 3, 2012 4:11am
Quoting migmac
what videos? where can I find the videos Jim?
Hi migmac, they are for members only at the PF: http://www.james16group.us
Thanks J16, Sam Seiden, Udine and Jacko
  • #117,113
  • Sep 3, 2012 5:23am Sep 3, 2012 5:23am
We have nice situation on nzdjpy - lvls tested many times, broke of dlhc, there is big gap on this lvl also - close below is what we need...
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  • #117,114
  • Sep 3, 2012 5:23am Sep 3, 2012 5:23am
GBP / USD has not been respecting any daily levels at all lately , even the important ones ... It's a Major pair , I thought it was suppose to be reasonable ... I wonder why its not ???
Human
  • #117,115
  • Sep 3, 2012 5:34am Sep 3, 2012 5:34am
Quoting Chanya
GBP / USD has not been respecting any daily levels at all lately , even the important ones ... It's a Major pair , I thought it was suppose to be reasonable ... I wonder why its not ???
Maybe if it go a little higher...This pair like to consolidate a lot...it give us nice lvls - they seem to be valid, but many times instead of bouncing off them, price starts to consolidate around this lvls...Well I don't know...

I tried trading today - long, but my pending was at yellow, and price used other minor lcs as retest lvl...
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  • #117,116
  • Sep 3, 2012 5:36am Sep 3, 2012 5:36am
Quoting Chanya
GBP / USD has not been respecting any daily levels at all lately , even the important ones ... It's a Major pair , I thought it was suppose to be reasonable ... I wonder why its not ???
Hey Chanya, what TF are you refering to? The 4h?
Thanks J16, Sam Seiden, Udine and Jacko
  • #117,117
  • Edited 5:53am Sep 3, 2012 5:40am | Edited 5:53am
Quoting Pinbar
Jim
Sorry for the confusion.
I got the impression that well, I really could not understand what you were talking about taking a long entry at the close of the weekly bar.

I have removed all the weekly levels and marked these areas as A, B, C & D and am still doing the exercise.
I just got confused and ran to H1 in an attempt to clear my head. Not a good idea, it seems.

If you have time, and the inclination, could you explain that bit about entering at the weekly close, with this chart.

I will stay on the daily.....
1. When did I ever present a Weekly TF on the Daily setup of the EurSek?

2. First, we were talking about specific "A" and "B" HCR levels . .then you change the "A" and "B" levels that we were talking about. Why would you do that?

3. You say, "ok I will stay on the Daily", then you talk about the Weekly . .then you say "ok ok I will stay on the Daily" . .then you talk about the Hourly . .I don't get it ..why would you do this?

Then you insult my method by saying "wouldn't this be going against everything your methodology is about?" . .I don't think you meant to be insulting . . .because you don't understand my method at all. You are not ready for it . .Stick with PA at PPZ levels and at Swing Highs and Swing Lows. Show me that you can present a high quality PA setup . .and we can go from there.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #117,118
  • Sep 3, 2012 5:46am Sep 3, 2012 5:46am
Quoting HanSolo
Hey Chanya, what TF are you refering to? The 4h?
Daily ...
Human
  • #117,119
  • Sep 3, 2012 5:48am Sep 3, 2012 5:48am
Quoting rafstraszek
Maybe if it go a little higher...This pair like to consolidate a lot...it give us nice lvls - they seem to be valid, but many times instead of bouncing off them, price starts to consolidate around this lvls...Well I don't know...

I tried trading today - long, but my pending was at yellow, and price used other minor lcs as retest lvl...

That is exactly my point , why is this pair respecting a minor levels and ignoring a major levels ... I also put my pending where you did also actually ...
Human
  • #117,120
  • Sep 3, 2012 5:57am Sep 3, 2012 5:57am
Quoting jarroo
1. When did I ever present a Weekly TF on the Daily setup of the EurSek?

2. First, we were talking about specific "A" and "B" HCR levels . .then you change the "A" and "B" levels that we were talking about. Why would you do that?

3. You say, "ok I will stay on the Daily", then you talk about the Weekly . .then you say "ok ok I will stay on the Daily" . .then you talk about the Hourly . .I don't get it ..why would you do this?

Then you insult my method by saying "wouldn't this be going against everything your methodology is about?"...
Jim

Please see the chart and understand that, I was not meaning to insult anything. I was simply trying to understand where the level is you are talking about in this entry. I fail to see a level at the close of price & thought you were talking about taking a long entry here.
As price closed on Friday below this level, I asked if it is not going against the methodology as price has closed below the middle level on this chart and you wrote on the chart, "Close of price entry".
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