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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

  • #118,941
  • Sep 22, 2012 3:00pm Sep 22, 2012 3:00pm
Quoting jarroo
Those LCS levels . .once established . .can be very reactive brzvadeg . .
how to be, in such situations, if a very reactive?! use h4?
  • #118,942
  • Sep 22, 2012 3:08pm Sep 22, 2012 3:08pm
Quoting DaGrizlyBull
Yes i saw it. That's the one i was thanking you for

Here is what i mean more exactly. What is the best SL management method for riding a trend like in this picture? Cause if the trend is strong, it may not provide too many additional PBT reentries. Do i accept BE s with the idea/plan that they are overcompensated by the times PBT and I catch a big trend?

Let me know if it makes sense.

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Oh sorry I read that wrong .

You still want to Bank full profits in that strong trend at those key level you have marked. .

If PBT&CA yet doesn't retrace to the level you want . .so what. . .But how easy would it be to re-enter once PBT&CA one of those key levels on say the Close of PBT&CA Bar when you have a nice profit Banked?

You don't want to see what happen on the UsdSek trade . .because to could . or should I say . . it will happen.
Indicators show the past. Price Action "Indicates" the future.
  • #118,943
  • Sep 22, 2012 3:09pm Sep 22, 2012 3:09pm
Quoting brzvadeg
Something interesting happens!
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I see it as a bigger range. What do you think?

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I don't need easy. I just need possible.
  • #118,944
  • Sep 22, 2012 3:13pm Sep 22, 2012 3:13pm
Quoting brzvadeg
how to be, in such situations, if a very reactive?! use h4?

I like the 4 hour on the crazy cosses but also I would like the LCS level to be established at more of a swing Low . .the one on the GbpAud is in the middle of the market . .but it still worked out . . . it just shows the power fof these levels.
Indicators show the past. Price Action "Indicates" the future.
  • #118,945
  • Sep 22, 2012 3:20pm Sep 22, 2012 3:20pm
Quoting DaGrizlyBull
I see it as a bigger range. What do you think?

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such a move would be a logical course. We'll see. If the price touches and close below 1.5597. We need to think about selling. It will be interesting to watch.
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  • #118,946
  • Sep 22, 2012 3:22pm Sep 22, 2012 3:22pm
Quoting DaGrizlyBull
I see it as a bigger range. What do you think?

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Nice chart . .I do like that LCS level better DGB . .chart .

Quoting brzvadeg
such a move would be a logical course. We'll see. If the price touches and close below 1.5597. We need to think about selling. It will be interesting to watch.
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That already happen brzvadeg . . . . it could happen again as you have described. .
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Indicators show the past. Price Action "Indicates" the future.
  • #118,947
  • Sep 22, 2012 3:30pm Sep 22, 2012 3:30pm
Got to go for now gang . .

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #118,948
  • Sep 22, 2012 3:31pm Sep 22, 2012 3:31pm
Quoting jarroo
Nice chart . .I do like that LCS level better DGB . .chart .





That already happen brzvadeg . . . . it could happen again as you have described. .
How about that?!
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  • #118,949
  • Sep 22, 2012 3:35pm Sep 22, 2012 3:35pm
Quoting brzvadeg
How about that?!
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I have to teach James16 how to better draw his levels . .lol . .(just kidding, big guy . .lol)

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #118,950
  • Sep 22, 2012 8:37pm Sep 22, 2012 8:37pm
Quoting jarroo
I know feeling Steve. . . I took the break of this BEOB on the EurJpy, although I would have liked it better if it took out the previous bar Highs.

Price was dancing on the previous HCR levels (that are now Support) and I hesitated to exit the trade at these levels. I got out at 101.29. .should of just set a TP at 101.23 or 101.10. If PBT&CB I could always get back in it short.

Jim
Yes, always looking for that runner.
Still, I am sure you took off enough profit at the FTA as I did, for it to be a winner.
This is interesting though, we can keep a tight leash on them and strangle some of them or give them more rope and make sure they don't wrap it around our necks by, taking partial profit.
  • #118,951
  • Edited 8:59pm Sep 22, 2012 8:45pm | Edited 8:59pm
Quoting jarroo
As we talked about before Dan, there are many ways to skin a cat . .I mean . .entering a trade once PBT&CA our Resistance level (HCR) . . .
. . once this occurred . .there was a potential that the HCR level would turn into Support, correct?

Can you tell me how many ways we can verify that this HCR (1.2358) has now flipped to Support?

You didn't know that there was going to be a test today . .did you? . .lol

Jim

Jim, not meaning to answer the question you put to Dan but, I have a question about this pair.

Would you consider this area above the 1.2406 area to be a zone, because of the consolidation on the left and, would you consider the weekly close to be a long signature?

Edit: As in that daily close that I did not understand a while back.
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  • #118,952
  • Sep 23, 2012 4:36am Sep 23, 2012 4:36am
Hi ..Guys i been reading alot of eductional threads here on ff and i spend a week here in jim thread i gotta say its the most Safe approach i have red to get into the forex market ..i been playing around on demo acounts for about 3months doing ok ..The thing is jim always says you gotta open BIF money acounts for this method to work for you well ..thats kinda furstrating to me since i cant afford more than 100$ for my first real acount :S ...Any advices or maybe anyone can suggest another system that work for small acounts if studied well ??..Thanks in advance
  • #118,953
  • Sep 23, 2012 5:23am Sep 23, 2012 5:23am
Quoting bullzeye
a good one

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GBP/JPY

good looking pin on weekly, i will add another short after the break of this beauty...

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  • #118,954
  • Sep 23, 2012 9:19am Sep 23, 2012 9:19am
Quoting bullzeye
GBP/JPY

good looking pin on weekly, i will add another short after the break of this beauty...

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Doesn't look so hot to me on the weekly and even less hot on the daily.
Looks more like a wedge breakout, with the 50 fibo and the FTB to the 365 EMA.
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  • #118,955
  • Sep 23, 2012 9:26am Sep 23, 2012 9:26am
Here is one I am keeping both eyes on.
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  • #118,956
  • Sep 23, 2012 10:39am Sep 23, 2012 10:39am
Hi, this is a question for Mike. I've watched your pinbar-traffic vs space video a few times, and I have a question relating to the daily pinbar on gbp/usd. I've attached a chart, because I'm not sure if this should be considered traffic or space. There is space where I've marked with the arrows but there's also a bit of sideways movement which I've highlighted with the green box. Would you consider this a pinbar in traffic or space? And secondly, would you consider this a good setup?


Cheers
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  • #118,957
  • Sep 23, 2012 10:49am Sep 23, 2012 10:49am
I see on this chart RN & PB.
Is this setup good for selling?
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  • #118,958
  • Sep 23, 2012 11:56am Sep 23, 2012 11:56am
mikes pinbar video - i suggest evryone watch it, and if you already have, watch it again

http://www.james16group.us/Guests/vi...troduction.wmv
Thank you J16 & Trader Dante
  • #118,959
  • Sep 23, 2012 12:27pm Sep 23, 2012 12:27pm
just wondering about this break out from the trend, do we want to see price action closer to the trend line or the fact it has made some move back up significant enough?

an inside bar is present and it could be a short on the break of that bar. there is space to left and price has turned parabolic(overall from the top)and the blue line is a repeatedly tested point and the next level of interest is 9100 so at least some pips in it which we could then monitor at 9100
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Thank you J16 & Trader Dante
  • #118,960
  • Sep 23, 2012 12:47pm Sep 23, 2012 12:47pm
Quoting Hiten123
Hi, this is a question for Mike. I've watched your pinbar-traffic vs space video a few times, and I have a question relating to the daily pinbar on gbp/usd. I've attached a chart, because I'm not sure if this should be considered traffic or space. There is space where I've marked with the arrows but there's also a bit of sideways movement which I've highlighted with the green box. Would you consider this a pinbar in traffic or space? And secondly, would you consider this a good setup?


Cheers
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Hey Hiten

Here was my view on this one
http://www.forexfactory.com/showthre...68#post6034168

As far as space vs traffic. It really is a bit of both BUT the beginning of a box because of the last low and the way the pin sits within that area. So like your chart I would have a box around that area, and if price can get under that area it has more space to run

Let me know if that makes sense
Mike
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