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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

  • #117,481
  • Sep 5, 2012 4:14pm Sep 5, 2012 4:14pm
Jarroo Sir , What do you think ??? Legit ???
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Human
  • #117,482
  • Sep 5, 2012 4:18pm Sep 5, 2012 4:18pm
Quoting rafstraszek

This is kind a yours "national sport"??
Yup ...
Human
  • #117,483
  • Sep 5, 2012 4:19pm Sep 5, 2012 4:19pm
Quoting brzvadeg
Jarroo,What do you think about this?I understand that the level of 1.2486 is not broken, but still!?Attachment
Yes it break through but did not close Above . .that's very important ..

That's way I don't like this method being called PBT (Price Breaks Through) . . Price always breaks through levels and what not . . the important part is the CLOSE.

If anything, it should be called PBTC . .PBT and CLOSES.
Indicators show the past. Price Action "Indicates" the future.
  • #117,484
  • Sep 5, 2012 4:22pm Sep 5, 2012 4:22pm
Quoting Chanya
Jarroo Sir , What do you think ??? Legit ???

Very legit . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,485
  • Sep 5, 2012 4:23pm Sep 5, 2012 4:23pm
Quoting jarroo
Yes it break through but did not close Above . .that's very important ..

That's way I don't like this method being called PBT (Price Breaks Through) . . Price always breaks through levels and what not . . the important part is the CLOSE.

If anything, it should be called PBTC . .PBT and CLOSES.
so I do not even think of going about this. Only a close above the level. Sorry. was just wondering!
  • #117,486
  • Sep 5, 2012 4:24pm Sep 5, 2012 4:24pm
Have a PBT&CA situation here. I have concerns about the wick being so large. Not sure if I'm overcomplicating or not.
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  • #117,487
  • Sep 5, 2012 4:26pm Sep 5, 2012 4:26pm
Quoting jarroo
Very legit . .
I mean towards the upside ... Same answer ???
Human
  • #117,488
  • Sep 5, 2012 4:26pm Sep 5, 2012 4:26pm
Quoting Chanya
Jarroo Sir , What do you think ??? Legit ???
and a pinbar and a gap to close...
  • #117,489
  • Sep 5, 2012 4:30pm Sep 5, 2012 4:30pm
Quoting mbqb11
and a pinbar and a gap to close...
Love thy neighbour

No

Love thy confluence ...
Human
  • #117,490
  • Edited 4:46pm Sep 5, 2012 4:31pm | Edited 4:46pm
Quoting brzvadeg
so I do not even think of going about this. Only a close above the level. Sorry. was just wondering!

Sorry for my little rant, brzvadeg . .I didn't mean to direct it to you.


Check this level on the EurCad , 1.2414. .something to watch .
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Indicators show the past. Price Action "Indicates" the future.
  • #117,491
  • Sep 5, 2012 4:32pm Sep 5, 2012 4:32pm
Quoting Chanya
I mean towards the upside ... Same answer ???
Yep . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,492
  • Sep 5, 2012 4:34pm Sep 5, 2012 4:34pm
Quoting mbqb11
and a pinbar and a gap to close...
Mike, isn't this pinbar weak? And we also have two closes below RN 1.0100? I see signals both directions. How do you handle this?
  • #117,493
  • Sep 5, 2012 4:34pm Sep 5, 2012 4:34pm
Quoting Slider20
Have a PBT&CA situation here. I have concerns about the wick being so large. Not sure if I'm overcomplicating or not.

Very possible Slider . .lets watch it . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,494
  • Sep 5, 2012 4:36pm Sep 5, 2012 4:36pm
Quoting jarroo
That was your post on the GbpJpy audioslave ? I saw that post breifly and wanted to comment on it at the time but then couldn't find it again . .

You're nailing it right on the head . . .nice work . .

Jim
Yes it was, but eventually i left that setup after price closed way too high that day and too close to my FTA. Was hoping for close just 10-15 pips above HCR and quick retest next day, lol.

Now i have this new 1h weapon and will be prepared for this kind of setups.

Thanks Jarroo.
  • #117,495
  • Sep 5, 2012 4:38pm Sep 5, 2012 4:38pm
Quoting jarroo
Sorry for my little rant, brzvadeg . .I didn't mean to direct it to you.


Check this level on the EurCad , 1.4214. .something to watch .
Of course, I missed something it 1.2414. simply the price gone up so much that I have removed the level 1.2414
  • #117,496
  • Sep 5, 2012 4:44pm Sep 5, 2012 4:44pm
Quoting Audioslave
Yes it was, but eventually i left that setup after price closed way too high that day and too close to my FTA. Was hoping for close just 10-15 pips above HCR and quick retest next day, lol.

Now i have this new 1h weapon and will be prepared for this kind of setups.

Thanks Jarroo.
The Hourly Signature is a great indication . .it gives you a pretty clear decision to either stay in the trade or not. Although with the GbpJpy, I kind of like the 4 Hour Signature due to its volatility. But the Hourly Signature is always great on a strong level . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #117,497
  • Sep 5, 2012 4:46pm Sep 5, 2012 4:46pm
Quoting brzvadeg
Of course, I missed something it 1.2414. simply the price gone up so much that I have removed the level 1.2414
lol . .yes . .I'm all thumbs . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #117,498
  • Sep 5, 2012 4:52pm Sep 5, 2012 4:52pm
Quoting jarroo
lol . .yes . .I'm all thumbs . .lol
the same situation as the euro
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  • #117,499
  • Sep 5, 2012 4:55pm Sep 5, 2012 4:55pm
Quoting brzvadeg
the same situation as the euroAttachment

Yes it may do the same on the EurCad at the 1.2414.

The GbpUsd looks good for going up.

Good eye brzvadeg . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,500
  • Edited 5:14pm Sep 5, 2012 5:01pm | Edited 5:14pm
Quoting 0421
Jarroo i have a question about Daily Close Confirmation, please look at those two charts and explain: Is it necessary that cofirmation bar touch our hcr/lcs level or it's enough that close of the bar is above/below hcr/lcs level?

Charts:

Quoting jarroo
UsdSgd . .Yes that's correct . .That's a Daily Close Confirmation of Resistance . . .meaning that Support level (LCS) has flipped to Resistance.

Let's see how it plays out . .

So 0421 . .How did it work out? Did you watch it?

Looks like there was of a bit draw down but our S/L wasn't hit.

Now the daily has closed above our level . time to get out . S/L was 35 pips and we are out at 2 pips.
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Indicators show the past. Price Action "Indicates" the future.
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