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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

  • #117,181
  • Sep 3, 2012 2:31pm Sep 3, 2012 2:31pm
Quoting mbqb11
yes it really is just another way to say support and resistance.

I know people who call it SD seem to not want to say that, I'm not sure why though

Whatever the words we use, as long as we can recognize strong areas and areas of confluence we are putting ourselves in a good position

Mike
Mike

I do agree it's all about understanding the areas price turns and reacts at but I see two main differences.

Conventional S&R is more about identifying ballpark areas (usually highs and lows) and often big round numbers.

S&D is more about identifying very specific levels on a chart where banks and institutions have been buying or selling. More specifically looking for areas where there are potentially significant unfilled limit orders waiting.
  • #117,182
  • Sep 3, 2012 2:38pm Sep 3, 2012 2:38pm
Quoting ksganesh100
Hello Jim,

Looks like this one is working out well (Still early in the week).

The weekly close last friday was just 6 pips below last LCS. Agonised over the trade and thought it better to take more convincing closes.

Will watch to see where price goes now!

Cheers,
Ganesh
Good decision Ganesh . . That weak close could have easily kept that LCS level as Support.
Indicators show the past. Price Action "Indicates" the future.
  • #117,183
  • Sep 3, 2012 2:41pm Sep 3, 2012 2:41pm
Hi everyone!

I have been reading this thread for quite a long time now and I love it! Thank you all for such a great thread.
I have been demoing back and forth for some time and are trying learn this J16 material, I hope to learn a lot more.

Mike, Jaroo, James and all others you are doing a fine job teaching!!

Thought I would contribute with my thinking on one pair... There is a PB forming just above the TL. But there is a lot of traffic ahead, and the PB is quite small. I guess it is better to play on a break out like Mike. To me it also looks like the price is compressing together a bit which means loss of momentum? A break out and retest going south would be nice or?

Hope my uploaded pic is working ...
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  • #117,184
  • Sep 3, 2012 2:42pm Sep 3, 2012 2:42pm
Quoting 0421
Jarroo do like this Trade on USDSGD?

THX.

Looks good 0421 . .don't forget previous Highs and Lows as targets ..
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Indicators show the past. Price Action "Indicates" the future.
  • #117,185
  • Sep 3, 2012 2:52pm Sep 3, 2012 2:52pm
Quoting C-12
Jarroo, supply and demand levels are areas where price moved with strength leaving unfilled orders behind. When price returns to these levels price reacts again due to the residing unfilled orders.

Here's the EURUSD weekly chart. Notice these levels where price turned were areas where price reacted before.

You'll see this on every chart, in every market and every timeframe.
I see C-12 . . What happen at this Supply level in Red.
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Indicators show the past. Price Action "Indicates" the future.
  • #117,186
  • Sep 3, 2012 2:58pm Sep 3, 2012 2:58pm
Quoting jarroo
Hey brzvadeg . .I would have prefered a bigger build of consolidation but you could be still long at this entry. . .but also out for a loss.

Let me know if you understand these charts . .

Jim
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Exit when daily closes below HSRs-I like more. it looks more logical and more comfortable as for me. Thank you.
  • #117,187
  • Sep 3, 2012 2:58pm Sep 3, 2012 2:58pm
Quoting 0421
and one more trade for today.

chart:

Looks good 0421 . . I like this area in blue to act as Support . .meaning I would like to see Price come down to this level on the Daily and not Close below it.
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Indicators show the past. Price Action "Indicates" the future.
  • #117,188
  • Sep 3, 2012 2:58pm Sep 3, 2012 2:58pm
hi man i loved ur price action so much and i have a small idea about it
and keep follow ur posts
but i see alot of shortcuts of terms ! is there any post u explain this shourtcuts ? like " LCS - PBT " ??
Investing is SIMPLE but NOT EASY
  • #117,189
  • Sep 3, 2012 3:00pm Sep 3, 2012 3:00pm
Quoting brzvadeg
Attachment Exit when daily closes below HSRs-I like more. it looks more logical and more comfortable as for me. Thank you.

If you would have waited for the Daily to not close below the HCR levels when Price came down. .you would have never got in it Long.
Indicators show the past. Price Action "Indicates" the future.
  • #117,190
  • Sep 3, 2012 3:05pm Sep 3, 2012 3:05pm
Quoting jarroo
I see C-12 . . What happen at this Supply level in Red.
On the daily it looks like second time at the level. Just scrolling scroll back a bit (sorry for the poor charts, I'm at work). You'll recognise this.
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  • #117,191
  • Sep 3, 2012 3:08pm Sep 3, 2012 3:08pm
Quoting C-12
On the daily it looks like second time at the level. Just scrolling scroll back a bit (sorry for the poor charts, I'm at work). You'll recognise this.
I am sorry buddy for the earlier mess ... I also believe that most of the time PBT lines up with SND ... I have been noticing it for a while also ...

Nice observation
Human
  • #117,192
  • Sep 3, 2012 3:09pm Sep 3, 2012 3:09pm
Something I am looking at
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Human
  • #117,193
  • Sep 3, 2012 3:10pm Sep 3, 2012 3:10pm
Quoting C-12
On the daily it looks like second time at the level. Just scrolling scroll back a bit (sorry for the poor charts, I'm at work). You'll recognise this.
Now you're talking my language . .I love to look at unfulfilled levels. .
Indicators show the past. Price Action "Indicates" the future.
  • #117,194
  • Sep 3, 2012 3:11pm Sep 3, 2012 3:11pm
Quoting jarroo
Now you're talking my language . .I love to look at unfulfilled levels. .
That is what supply and demand is also all about ... Untested and fresh levels ...
Human
  • #117,195
  • Sep 3, 2012 3:13pm Sep 3, 2012 3:13pm
Quoting Chanya
Something I am looking at
Looks good in either direction, Chanya . .let's watch and see where it closes out from..
Indicators show the past. Price Action "Indicates" the future.
  • #117,196
  • Sep 3, 2012 3:15pm Sep 3, 2012 3:15pm
Quoting Chanya
That is what supply and demand is also all about ... Untested and fresh levels ...
Yep we are all basically talking about the samething
Indicators show the past. Price Action "Indicates" the future.
  • #117,197
  • Sep 3, 2012 3:16pm Sep 3, 2012 3:16pm
Again about this pair - so it seems, that we get nice closure...I'm preparing for short here...
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  • #117,198
  • Sep 3, 2012 3:26pm Sep 3, 2012 3:26pm
Quoting rafstraszek
Again about this pair - so it seems, that we get nice closure...I'm preparing for short here...
your Sl, BE and TP will looks like this??
or you have diferent level for this?

chart:
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  • #117,199
  • Sep 3, 2012 3:28pm Sep 3, 2012 3:28pm
Quoting jarroo
If you would have waited for the Daily to not close below the HCR levels when Price came down. .you would have never got in it Long.
need to give more space to the price movement. I hope I understand you correctly.
  • #117,200
  • Sep 3, 2012 3:34pm Sep 3, 2012 3:34pm
Quoting 0421
your Sl, BE and TP will looks like this??
or you have diferent level for this?

chart:
Be a little higher, sl - probably right, Tp - will watch price, if it will touch it, and won't close below - I'll be out...if it close below - I'll have another short pbt entry signal - so I can add position after retest...
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