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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

  • #119,021
  • Sep 25, 2012 6:52am Sep 25, 2012 6:52am
Quoting Pinbar
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.
I don't see any Weekly levels of HCR/LCS for a Weekly Close to be Above for a Bullish Signautre . .if I udnderstand your question correctly.
Indicators show the past. Price Action "Indicates" the future.
  • #119,022
  • Sep 25, 2012 6:54am Sep 25, 2012 6:54am
Quoting Pinbar
Here is one I am keeping both eyes on.
Now that is a sweet Monthly / Weekly level . .
Indicators show the past. Price Action "Indicates" the future.
  • #119,023
  • Sep 25, 2012 6:58am Sep 25, 2012 6:58am
Quoting dan89
Hi Jarroo, Just wondering if you have your eye on any potential setups this week ?

Cheers
Dan
Quoting jarroo
Let's watch the LCS level on the EurNzd at 1.5628.

If Price can touch the 1.5628 and have a Daily Close above the 1.5628 looks good for a possible long entry. . .meaning its still Support. . .could we begin to consolidate here???
Do you remember the EurNzd?
Indicators show the past. Price Action "Indicates" the future.
  • #119,024
  • Sep 25, 2012 6:59am Sep 25, 2012 6:59am
Quoting jarroo
I don't see any Weekly levels of HCR/LCS for a Weekly Close to be Above for a Bullish Signautre . .if I udnderstand your question correctly.

Sorry, I meant the Daily close.
  • #119,025
  • Sep 25, 2012 7:10am Sep 25, 2012 7:10am
Quoting jarroo
Now that is a sweet Monthly / Weekly level . .
Indeed.
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  • #119,026
  • Sep 25, 2012 7:11am Sep 25, 2012 7:11am
Quoting Pinbar
Sorry, I meant the Daily close.


Thoses past levels are important . .they helped develop the current levels . .Price is reacting to most current and recent levels, first and foremost. the 1.2358 is evidence to that.
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Indicators show the past. Price Action "Indicates" the future.
  • #119,027
  • Sep 25, 2012 7:12am Sep 25, 2012 7:12am
Quoting Pinbar
Indeed.
Yes indeed. .
Indicators show the past. Price Action "Indicates" the future.
  • #119,028
  • Sep 25, 2012 7:19am Sep 25, 2012 7:19am
Quoting jarroo
Thoses past levels are important . .they helped develop the current levels . .Price is reacting to most current and recent levels, first and foremost. the 1.2358 is evidence to that.

Yes, it is clear with your levels there.

The flag and pole may suggest a good 80 pip move, if it breaks.
  • #119,029
  • Sep 25, 2012 7:22am Sep 25, 2012 7:22am
Quoting brzvadeg
I like it now. But as it is difficult. many levels and so not nice price went above 1.51168
Attachment

I see that level now brzvadeg that you were talking about on the GbpChf . . . chart 3 . ..I thought for sure Price was goiing to test it . .it sure is a messy environment to take a trade.
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Indicators show the past. Price Action "Indicates" the future.
  • #119,030
  • Sep 25, 2012 7:26am Sep 25, 2012 7:26am
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.
Attachment

Price sure is testing the 1.5596-97 . .to the pip.
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Indicators show the past. Price Action "Indicates" the future.
  • #119,031
  • Sep 25, 2012 7:30am Sep 25, 2012 7:30am
Quoting brzvadeg
Hi,Jarroo!How do you mean close?. You've been waiting for!?
Attachment
No surprise . .right brzvadeg? . .
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Indicators show the past. Price Action "Indicates" the future.
  • #119,032
  • Sep 25, 2012 7:31am Sep 25, 2012 7:31am
I have the feeling that USD/CAD is going to breakout of this lower level this time.
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  • #119,033
  • Sep 25, 2012 7:35am Sep 25, 2012 7:35am
Quoting Pinbar
I have the feeling that USD/CAD is going to breakout of this lower level this time.

Wow, that was quick.
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  • #119,034
  • Sep 25, 2012 7:57am Sep 25, 2012 7:57am
Quoting equivestor12
FFIC made 50% retracement Mike. I'm watching the 4 hr for PA with divergence entry. Would you take this?
Hey Equi

Not quite enough confluence for me on these but the better levels to watch are right near where we are 16$ mark

There are nicer look stock charts out there for me right now

Here is one


Best
Mike
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  • #119,035
  • Sep 25, 2012 8:02am Sep 25, 2012 8:02am
If we get pinbar today, price should revisit that broken wedge. We have British GDP on thursday and price loves to be in important places when there are important readings. Looks nice for some 70 pips (or 30 more if we first bounce from that HCR level) but need that daily pinbar first. Weekly LCS test will be also possible.
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  • #119,036
  • Sep 25, 2012 9:10am Sep 25, 2012 9:10am
Does anyone know if there is a platform that scans charts for BUOB BEOB ,DHLC DLHC etc...

The platform of WH selfinvest has a feature build in that scans for hammer or shooting stars, so it has to be possible.
This way you only have to open the charts that have these patterns forming to see if they occur on a good location.

Is there somebody already working this way? Do you think its a good idea?
The disadvantage of this that you draw the lines after the PA action occured and this can make you "curve fit" the lines to justified your trade.

On the other hand,u safe a lot of time, and have a bigger chance of finding a A+ trade because you can scan a lot of charts everyday.

Grtzz,
Nik.
  • #119,037
  • Sep 25, 2012 11:04am Sep 25, 2012 11:04am
Quoting Sitting duck
Does anyone know if there is a platform that scans charts for BUOB BEOB ,DHLC DLHC etc...

The platform of WH selfinvest has a feature build in that scans for hammer or shooting stars, so it has to be possible.
This way you only have to open the charts that have these patterns forming to see if they occur on a good location.

Is there somebody already working this way? Do you think its a good idea?
The disadvantage of this that you draw the lines after the PA action occured and this can make you "curve fit" the lines to justified your trade.

On...
if u have mt4 platform there are a couple that show master candles and one that will show various significant candles with settings that can weed out weak ones...will attach here.....
Attached File(s)
File Type: mq4 Pattern_Recognition_Master_v3.mq4   27 KB | 731 downloads
File Type: zip mc-ind.zip   2 KB | 653 downloads
  • #119,038
  • Sep 25, 2012 11:24am Sep 25, 2012 11:24am
USDCAD short
Attached Image
  • #119,039
  • Sep 25, 2012 12:04pm Sep 25, 2012 12:04pm
Quoting jarroo
Do you remember the EurNzd?
Yeah I remember that pair.

Im currently watching this pair for an entry. Daily Close Confirmation of the HCR, just waiting for a retest of the level for a short entry. What do you think ?

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  • #119,040
  • Sep 25, 2012 12:13pm Sep 25, 2012 12:13pm
three pb on this pairs hope it will be right ... what do u think jarro ?

usd/jpy
gbp/usd
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