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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

  • #120,321
  • Nov 4, 2012 4:15pm Nov 4, 2012 4:15pm
Quoting moneyrunner
Hi All JAMES16 - any thoughts or is anyone watching the NZD.YEN
Reasons for a short
PINBAR - not a very long nose
SPACE
NZD/JPY This may be the reason behind the pin bar.

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  • #120,322
  • Nov 4, 2012 4:36pm Nov 4, 2012 4:36pm
Quoting Zeee86
Hi Mike!

I want to thank you the chart instructions! These are very useful to me.
In my pictures was one or two good for newbie, like me??? If the price is in a box, is not so good for me, if i understand you correctly.

these pictures from 7 years...
Hey Zee

They are all find for any trader. It's more important to understand the environment. I think the more "boxed" price is the more difficulty traders tend to have in those scenarios myself included

Hope that helps
Mike
  • #120,323
  • Nov 4, 2012 5:25pm Nov 4, 2012 5:25pm
Hi everyone, i'm new to Forexfactory and feel very glad I've found it! I've been looking at this thread for several weeks and i am really interested in Price Action trading. I hope you will understand me (i'm french) and accept me in your little community!
  • #120,324
  • Nov 4, 2012 5:51pm Nov 4, 2012 5:51pm
Quoting Demi-molle
Hi everyone, i'm new to Forexfactory and feel very glad I've found it! I've been looking at this thread for several weeks and i am really interested in Price Action trading. I hope you will understand me (i'm french) and accept me in your little community!
Bonjour Demi,

Bienvenu to the thread

That's the extent of my french

Best
Mike
  • #120,325
  • Nov 4, 2012 5:54pm Nov 4, 2012 5:54pm
Hi Everyone!

I would be happy, if you share your opinion about this 3 trade.

Thank you!
Karl
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  • #120,326
  • Nov 4, 2012 6:20pm Nov 4, 2012 6:20pm
Thank you Mike! If you don't mind me asking, what is your opinion on daily set up on AUDUSD ?. I was considering to enter short but the pair has recently made higher lows which make me doubt.
  • #120,327
  • Edited 8:29pm Nov 4, 2012 8:16pm | Edited 8:29pm
Something interesting has crossed my mind while looking at the weekly closes.

It is quite possible that, to use Jarroo's HCR & LCS in a very simple manner, all we need to do is, after the market closes for the week, put a horizontal on the last Monthly close and the last weekly close. Then, we just look to the left on the Monthly, Weekly & Daily TFs, until price reaches an area of a strong swing point where a reaction has previously taken place on multiple TFs.

Every week after the market close, we can move the Weekly Level up or down to coincide with the close.

Just a thought

Let's see how this USD/JPY chart I randomly picked works out.

You may well ask, what is the difference between doing this and using the SPs in the first place. Doing it this way will show us the Monthly and weekly signatures objectively. Sure we can also view the monthly and weekly close objectively but, this way just seems to be a slightly different angle on the objectiveness of it as, we are in effect trailing price and then analyzing what it does at any coinciding SP.
Rather than, having the SP marked out and convincing ourselves in advance, of what price should do. If you see what I mean.
This is just how my mind works, it finds it a little more logical to do it this way. It seems to add a slight mechanical aspect to it.
This post is in no way demeaning Jarroo's methodology and or Jim's way of doing things, quite the reverse in fact.

Let's see what Jarroo thinks about it?



Hey, I just noticed that FF now allows us to select 5 images at one time to upload. That is a great modification to the board. What a pain it was to upload two, then have to repeat the process for the third one.
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  • #120,328
  • Nov 4, 2012 8:21pm Nov 4, 2012 8:21pm
Damn, as I was typing and uploading the previous post, price took off.
I was going to buy the H1 IB but, it took off without me.

You get the idea though.
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  • #120,329
  • Nov 4, 2012 8:25pm Nov 4, 2012 8:25pm
Hey LAOSHI

Are you a fellow LAOSHI in China?
  • #120,330
  • Nov 4, 2012 11:43pm Nov 4, 2012 11:43pm
Quoting Pinbar
Hey LAOSHI

Are you a fellow LAOSHI in China?
hi Pinbar, im Indonesian Chinese who studied mandarin in China, and yes, I teach Mandarin
  • #120,331
  • Nov 5, 2012 12:08am Nov 5, 2012 12:08am
你在哪个地方？我在南宁市。
Quoting laoshi
hi pinbar, im indonesian chinese who studied mandarin in china, and yes, i teach mandarin
  • #120,332
  • Nov 5, 2012 12:26am Nov 5, 2012 12:26am
Quoting Nake
你在哪个地方？我在南宁市。

Hi Nake, Im in Jakarta, Indonesia. my weixin F642366382 my QQ 1919261906
  • #120,333
  • Nov 5, 2012 2:23am Nov 5, 2012 2:23am
Quoting laoshi
hi Pinbar, im Indonesian Chinese who studied mandarin in China, and yes, I teach Mandarin
Hi, Mandarin or rather Pinyin is driving me crazy trying to study it.
Pinyin is almost impossible to learn for me as it is almost irrelevant to the English pronunciation.

I am in Harbin and am also a teacher here.
  • #120,334
  • Nov 5, 2012 2:27am Nov 5, 2012 2:27am
Glad I missed the H1 IB as, we just had an H4 confirmation that this area is not acting as support but, resistance. Let's see how the daily closes and if we get a pullback to the TL which has just been lost.
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  • #120,335
  • Edited 6:40am Nov 5, 2012 6:01am | Edited 6:40am
Quoting meshka
AUDUSD - I m just planing to sell it around previous candle low. will check how it will open after weekend of course...

AUDJPY not so clear picture for me... It depends on what will USDJPY do.. both sits at their resistances. will it reject it or break up? let see....
Thanks for your opinion, but I just couldn't resist it xD
be already - so it's good and safe now.

---------
I can upload more attachments at once now (before only two, now five) - is it general change - or you get more after some amount of posts or something?
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  • #120,336
  • Nov 5, 2012 6:37am Nov 5, 2012 6:37am
It is a good example

I can tell you thats very bearish




Quoting Bones
possibly this is a good example


http://www.forexfactory.com/showthre...71#post6115471
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,337
  • Nov 5, 2012 6:55am Nov 5, 2012 6:55am
Quoting Pinbar
Hi, Mandarin or rather Pinyin is driving me crazy trying to study it.
Pinyin is almost impossible to learn for me as it is almost irrelevant to the English pronunciation.

I am in Harbin and am also a teacher here.
pinyin is irrelevant to any other languages in this world

that's a nice live, teaching in China, and trading
  • #120,338
  • Nov 5, 2012 8:11am Nov 5, 2012 8:11am
Quoting Demi-molle
Thank you Mike! If you don't mind me asking, what is your opinion on daily set up on AUDUSD ?. I was considering to enter short but the pair has recently made higher lows which make me doubt.
Hey Demi

Bars like this look good at first sight but when we break it down we can see we have a lot of trouble too.

Here is a chart on what I mean
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  • #120,339
  • Nov 5, 2012 9:31am Nov 5, 2012 9:31am
Hey Mike glad to see that you´ve overcome those little adversities in your area,your a machine.

What happened to James BTW, not to sound entiteled but didn´t he say he wanted to do some stuff in the Guest Section of the PF.
  • #120,340
  • Nov 5, 2012 10:09am Nov 5, 2012 10:09am
Quoting Demi-molle
Hi everyone, i'm new to Forexfactory and feel very glad I've found it! I've been looking at this thread for several weeks and i am really interested in Price Action trading. I hope you will understand me (i'm french) and accept me in your little community!
Salut Demi,

Bienvenu, je suis moi aussi nouveau sur ce thread... J'espère qu'on pourra s'entraider.

J.
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