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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

  • #121,681
  • Dec 11, 2012 5:52pm Dec 11, 2012 5:52pm
Quoting Rust
Could this:

H1 CHART
Attachment

Put the breaking point of this:

Daily chart
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Just beautiful
Quick follow up:
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  • #121,682
  • Dec 11, 2012 5:59pm Dec 11, 2012 5:59pm
Hey all,

Nice looking pin formed on AUDNZD, got a an order in waiting for a break to the upside...looks like there is some space to run.

Can anybody see where the problem areas will be?

I'm thinking FTA around 1.26 but would like some opinions...

thanks
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  • #121,683
  • Dec 11, 2012 6:03pm Dec 11, 2012 6:03pm
Quoting cupoftea2222
Hey all,

Nice looking pin formed on AUDNZD, got a an order in waiting for a break to the upside...looks like there is some space to run.

Can anybody see where the problem areas will be?

I'm thinking FTA around 1.26 but would like some opinions...

thanks
Hey CoT

Be careful here remember for it to be a pinbar we need the open and close to close within the prior bar. Often these that don't close within the prior bar will trickle right back down through that wick

Best
Mike
  • #121,684
  • Dec 11, 2012 6:16pm Dec 11, 2012 6:16pm
Quoting cupoftea2222
Hey all,

Nice looking pin formed on AUDNZD, got a an order in waiting for a break to the upside...looks like there is some space to run.

Can anybody see where the problem areas will be?

I'm thinking FTA around 1.26 but would like some opinions...

thanks
It's not a pinbar, but at that location failing to close above that previous swing low, it looks bullish to me.
  • #121,685
  • Dec 11, 2012 6:18pm Dec 11, 2012 6:18pm
Hi Mike,

HAPPY BIRTHDAY, all the best for you.

And thank you for all your help all this time.
  • #121,686
  • Edited 8:16pm Dec 11, 2012 7:33pm | Edited 8:16pm
Hey Mike! HAPPY CAKEDAY buddy and a beautiful song of a beautiful girl for You :

Inserted Video
all is eternal - this is good news for people who loves bad news
  • #121,687
  • Dec 11, 2012 10:39pm Dec 11, 2012 10:39pm
Quoting meshka
Hey Mike! HAPPY CAKEDAY buddy and a beautiful song of a beautiful girl for You :

http://youtu.be/KLGQmLcYv9k
Thanks guys
  • #121,688
  • Dec 11, 2012 10:42pm Dec 11, 2012 10:42pm
Quoting FX Wolf
ah good old days

c ya

Yeah that is a old photo . .his arms are twice that size now . .
Indicators show the past. Price Action "Indicates" the future.
  • #121,689
  • Edited 11:43pm Dec 11, 2012 11:33pm | Edited 11:43pm
Quoting srt
Thanks for all the posts & lessons. Just trying to learn from the experts.
Is the BRN of .9900 not important here? Seems it was pretty good R/S several times on weekly.
Would you wait for a daily close below .9900 before looking to short on PA?
Thanks!
Round Number (RNs) and Big Round Number (BRNs) are an important confluence with our S/R levels . .but only if they are ailigned with our strongest levels. The .9900 did not look very strong as a Support level on the Daily nor the Weekly. The Triple Lowest Close of Support level stood out to me as a much stronger level. If the .9900 was lining up with that Triple LCS level all the better. . .but it didn't.

RNs and BRNs are important but not as a stand alone level. Sure, Price may react to them as a stand alone level . .but we need more confluences of other levels (HCR/LCS levels, Fibs, etc.) and story to make them tradable.

Jim

(The .9900 is just a RN like the .9800, .8800, .9400 .9600, etc. . .BRNs for this pair would be 1.0000, 1.5000 .9000, .8000, .7000, etc.)
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Indicators show the past. Price Action "Indicates" the future.
  • #121,690
  • Dec 12, 2012 12:04am Dec 12, 2012 12:04am
I am interested in that tricky Gap Jim pointed out.
Let's see what price does here.

Oh, it was not the same pair but a similar situation.
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  • #121,691
  • Dec 12, 2012 12:07am Dec 12, 2012 12:07am
Quoting Pinbar
I am interested in that tricky Gap Jim pointed out.
Let's see what price does here.

The Daily Duel Action HCR levels was a Classic on the NzdUsd . .once PBT&CA . .
Indicators show the past. Price Action "Indicates" the future.
  • #121,692
  • Dec 12, 2012 12:08am Dec 12, 2012 12:08am
Quoting jarroo
The Daily Duel Action HCR levels was a Classic on the NzdUsd . .once PBT&CA . .
Can you show that one, Steve?
Indicators show the past. Price Action "Indicates" the future.
  • #121,693
  • Dec 12, 2012 12:12am Dec 12, 2012 12:12am
Quoting jarroo
The Daily Duel Action HCR levels was a Classic on the NzdUsd . .once PBT&CA . .

You mean this area with the rectangle?


I missed that as I was so immersed in the monthly level.

There again, we would have to be brave to trade that IB off a daily level into the monthly level, would we not?
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  • #121,694
  • Dec 12, 2012 12:16am Dec 12, 2012 12:16am
Quoting meshka
Just amazing how price reacts to all those Jarroo style levels.... Jarroo... You are my ForexGod buddy all my obeisances to you

Nice chart as always meshka . .I have a different Close of Price but they look very similar . .

I like the LCS level at the 1677-1676ish level . . its a Weekly and Daily LCS level . . Strength . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #121,695
  • Dec 12, 2012 12:27am Dec 12, 2012 12:27am
Quoting Pinbar
You mean this area with the rectangle?


I missed that as I was so immersed in the monthly level.

There again, we would have to be brave to trade that IB off a daily level into the monthly level, would we not?
Yes the Monthly and Weekly HCR levels would be our targets and levels to be concerned with . .but if we are looking at only the near term levels we could see an uptrend forming. . . .meaning Price is reacting strongly to only the the near term levels once PBT&CA them.
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Indicators show the past. Price Action "Indicates" the future.
  • #121,696
  • Dec 12, 2012 12:30am Dec 12, 2012 12:30am
Quoting Pinbar
You mean this area with the rectangle?


I missed that as I was so immersed in the monthly level.

There again, we would have to be brave to trade that IB off a daily level into the monthly level, would we not?
Did PBT&CA the Monthly HCR level on the Daily? . .where did it retrace to?
Indicators show the past. Price Action "Indicates" the future.
  • #121,697
  • Dec 12, 2012 12:36am Dec 12, 2012 12:36am
Quoting Pinbar
You mean this area with the rectangle?


I missed that as I was so immersed in the monthly level.

There again, we would have to be brave to trade that IB off a daily level into the monthly level, would we not?
Price is at the Weekly HCR level right now . .. .8393 . .we should move down from here . .but Price sure looks strong on going up . .let's see where the Daily closes today . .
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Indicators show the past. Price Action "Indicates" the future.
  • #121,698
  • Dec 12, 2012 12:39am Dec 12, 2012 12:39am
Quoting jarroo
Nice chart as always meshka . .I have a different Close of Price but they look very similar . .

I like the LCS level at the 1677-1676ish level . . its a Weekly and Daily LCS level . . Strength . .


Jim

Jim,

What's your opinion on AUD/JPY at this monthly level at 87.07, in real time?
As price has just touched this area?

Just TT it at this level but, on demo as I am not so convinced as to what price is doing, right now.
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  • #121,699
  • Dec 12, 2012 12:41am Dec 12, 2012 12:41am
Quoting jarroo
Price is at the Weekly HCR level right now . .. .8393 . .we should move down from here . .but Price sure looks strong on going up . .let's see where the Daily closes today . .
Price sure isn't baming down from here . .a bit of a Hourly Signature here but it didn't go down very far . .tells me we have more upward potential . .
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Indicators show the past. Price Action "Indicates" the future.
  • #121,700
  • Dec 12, 2012 12:41am Dec 12, 2012 12:41am
Quoting jarroo
Price is at the Weekly HCR level right now . .. .8393 . .we should move down from here . .but Price sure looks strong on going up . .let's see where the Daily closes today . .

Yeah, that chart messes with my eyes. LOL
I agree, looks like a bull run.

Perhaps the same with the post above this one on AUD/JPY.
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