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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

  • #119,221
  • Sep 28, 2012 4:48pm Sep 28, 2012 4:48pm
Quoting slade1986
Jarroo,

Can I get your thoughts on the USD/DKK? (For an entry after PBT&CA)

Thanks,

Slade
The what?? . .lol Usd Danish Krone . . why on earth would you want to trade that thing . .lol . . just kidding . .can you show me your Daily HCR/LCS level?
Indicators show the past. Price Action "Indicates" the future.
  • #119,222
  • Sep 28, 2012 5:30pm Sep 28, 2012 5:30pm
Quoting all_TwisT
Thanks for your help and useful information. I have a trade right there

Yes you do . .very nice . .all_TwisT . .
Indicators show the past. Price Action "Indicates" the future.
  • #119,223
  • Sep 28, 2012 6:03pm Sep 28, 2012 6:03pm
Quoting jarroo
The what?? . .lol Usd Danish Krone . . why on earth would you want to trade that thing . .lol . . just kidding . .can you show me your Daily HCR/LCS level?
Yes,

I have the dailies marked with the purple lines on the chart and the weeklies marked with orange lines. I was watching this chart when it opened below the trend line. It rocketed up 400+ pips to close above the previous 2 bar closes. Maybe the HCR's and LCS's are not strong enough.. I was looking at the 5.79266 for a retrace then a target to the 5.81272.

Thanks again!!
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  • #119,224
  • Sep 28, 2012 6:22pm Sep 28, 2012 6:22pm
Quoting slade1986
Yes,

I have the dailies marked with the purple lines on the chart and the weeklies marked with orange lines. I was watching this chart when it opened below the trend line. It rocketed up 400+ pips to close above the previous 2 bar closes. Maybe the HCR's and LCS's are not strong enough.. I was looking at the 5.79266 for a retrace then a target to the 5.81272.

Thanks again!!

Yes I see . . those are some good levels you have . .I like these Weekly /Daily LCS levels . .chart 1

Chart 2, shows something interesting . .Price is showing strong signs of an uptrend . .notice these minor HCR level (very minor HCR levels) in green being respected once PBT&CA . .in a strong trend , Price behaves in this way.

We'll see how strong this uptrend is when Price deals with the LCS level in purple
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Indicators show the past. Price Action "Indicates" the future.
  • #119,225
  • Sep 28, 2012 6:46pm Sep 28, 2012 6:46pm
Quoting DaGrizlyBull
Hey Jaroo,

Is this the kind of "rounded retest" that Wizzard is talking about on the H1? Does it provide a higher chance of success when price acts like this when retesting the PBT level?

Thanks

Attachment
It could be . .the "rounded retest" is more of what the wizard wants to see inrelation to the level itself. . .meaning its all about the strength of the level. The "rounded retest" is the after effect of the level before it flips.

Cause and Effect . . . Cause: strong Support or Resistance level . .Effect: the "rounded retest".

In your example on the AudUsd, . .Price is "rounding", but to what level??

I look at the "rounded retest" as a strong Close of Price Above or Below my levels. A nice "rounded retest" on the Hourly could be a "butt-kiss" on the Daily or just a Daily close .

In a way, we are looking for the same thing.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #119,226
  • Sep 28, 2012 6:59pm Sep 28, 2012 6:59pm
Quoting jarroo
Hey Steve . .can you tell me what the GbpJpy's Weekly HCR level . .to the pip . .should be and a Open and a Close . .very little gap . . (Week of June and July 2012).

Jim

Yes, Jim
HCR for the June candle Should be 125.279 & the gap with the open of the July candle should be 125.201
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  • #119,227
  • Sep 28, 2012 7:06pm Sep 28, 2012 7:06pm
Quoting Pinbar
Yes, Jim
HCR for the June candle Should be 125.279 & the gap with the open of the July candle should be 125.201

I read on and saw your other post . .

Quoting jarroo
Sorry I should have read ahead. .you did have them . .,

Bam! baby . (5min and 1min Signatures .. lol)

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #119,228
  • Sep 28, 2012 7:17pm Sep 28, 2012 7:17pm
Quoting jarroo
Sorry I should have read ahead. .you did have them . .,

Bam! baby . (5min and 1min Signatures .. lol)

Jim
No, you were correct, I screwed it up by using the June 17th close instead of the June 24th and the July 01 open Gap.

Although, the June 17th close is actually 125.279
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  • #119,229
  • Sep 28, 2012 7:21pm Sep 28, 2012 7:21pm
Still finding it hard to ignore these older areas of large SPs, in favor of the newer ones.
I know I should.
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  • #119,230
  • Sep 28, 2012 7:21pm Sep 28, 2012 7:21pm
Quoting Pinbar
No, you were correct, I screwed it up by using the June 17th close instead of the June 24th and the July 01 open Gap.

Although, the June 17th close is actually 125.279
That level is in play too. You gotta love the Weekly levels on the GbpJpy . .Bam baby . .
Indicators show the past. Price Action "Indicates" the future.
  • #119,231
  • Sep 28, 2012 7:32pm Sep 28, 2012 7:32pm
Quoting meshka
this one running nicely... sad that not on my real account LOL

Nice chart as always, meshka . .damn you gaps . .
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Indicators show the past. Price Action "Indicates" the future.
  • #119,232
  • Sep 28, 2012 7:34pm Sep 28, 2012 7:34pm
Big ol' Mike bar on the corn futures.
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Price is beautiful. A repetitive method is a competitive method.
  • #119,233
  • Sep 28, 2012 7:58pm Sep 28, 2012 7:58pm
Quoting dan89
Hi Jarroo, Im currently watching this pair, looking for a long position if we can close above the HCR/consolidation area. What are your thoughts on this setup ?

Attachment

Cheers
Dan
Excellent Dan . .it what we look for. .too bad we got a Daily Close right on the HCR level. It was like 2 pips above the HCR and was technaically correct and worked out . .but not strong enough of a close above for me.
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Indicators show the past. Price Action "Indicates" the future.
  • #119,234
  • Sep 28, 2012 8:04pm Sep 28, 2012 8:04pm
Nice looking BEOB on this stock. Engulfing the 5 previous weeks. Any Comments?
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  • #119,235
  • Sep 28, 2012 8:16pm Sep 28, 2012 8:16pm
Quoting meshka
cable rejecting resistance again... BEOB printed in H4 TF

Sorry meshka . . I couldn't resist . . . chart . .

Quoting jarroo
Here's my take on the GbpUsd. . .very similar strong Weekly/ Daily HCR levels like the one on the AudUsd.

Obvious differences with the PBs in size and structure. . .but the levels strength that their trading off of . . are the same.

Retrace to the GU's 1.6260-70 levels look good for a short. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #119,236
  • Sep 28, 2012 8:20pm Sep 28, 2012 8:20pm
Quoting slade1986
Nice looking BEOB on this stock. Engulfing the 5 previous weeks. Any Comments?

Did you see this post reply, slade?

Quoting jarroo
Yes I see . . those are some good levels you have . .I like these Weekly /Daily LCS levels . .chart 1

Chart 2, shows something interesting . .Price is showing strong signs of an uptrend . .notice these minor HCR level (very minor HCR levels) in green being respected once PBT&CA . .in a strong trend , Price behaves in this way.

We'll see how strong this uptrend is when Price deals with the LCS level in purple
Indicators show the past. Price Action "Indicates" the future.
  • #119,237
  • Sep 28, 2012 8:27pm Sep 28, 2012 8:27pm
Quoting jarroo
Nice chart as always, meshka . .damn you gaps . .
"I filled in the Damn Gaps" LOL
  • #119,238
  • Sep 28, 2012 8:32pm Sep 28, 2012 8:32pm
Quoting Pinbar
"I filled in the Damn Gaps" LOL

Somebody's got to do it. lol . .
Indicators show the past. Price Action "Indicates" the future.
  • #119,239
  • Sep 28, 2012 8:34pm Sep 28, 2012 8:34pm
Quoting jarroo
Did you see this post reply, slade?
Yes, thank you Jarroo. I'm going to give it some thought over the weekend. May play it on my micro account.
  • #119,240
  • Sep 28, 2012 8:36pm Sep 28, 2012 8:36pm
Quoting jarroo
Somebody's got to do it. lol . .

But, Please don't start giving these brokers ideas about it.
We will all be screwed if they hear about your idea.
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