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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

  • #123,661
  • Mar 10, 2013 5:12pm Mar 10, 2013 5:12pm
Quoting Hyperion
I had projected the range for this week in the AUD as 1.0153 to 1.0302 or 149 pts. As we got as low as 1.0113 I added 149 pts to get a new potential high of 1.0262 as a reasonable level to be short for the rest of the week or into next week. I would stop out above 1.0300 and have a profit target of1.01 for next week maybe. Trading the projected weekly ranges is not my main style however.
That was last week ( should have stuck to the original projected high of 1.0302 two ticks off!), this week is suggesting 1.0104 to 1.0278.
I like to use these are zones of interest. For example for this week when price is towards 1.0278 I will take any sell signals I get on an hourly basis.
  • #123,662
  • Mar 10, 2013 5:30pm Mar 10, 2013 5:30pm
Quoting mbqb11
Hey G

I don't know much about the downgrade stuff as I don't follow news. What was your reason (technically ) to buy?

Best
Mike
Hey Mike,

a H4 pin bar on a triple bottom

what do you think about it?

thank you
Don't give up
  • #123,663
  • Edited 6:07pm Mar 10, 2013 6:06pm | Edited 6:07pm
Is this a good level to watch for a Jarroo style trade?
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  • #123,664
  • Mar 10, 2013 6:46pm Mar 10, 2013 6:46pm
Quoting geomink
Hey Mike,

a H4 pin bar on a triple bottom

what do you think about it?

thank you
Hey G

I have marked the bar I think you are speaking about. It isn't a pinbar on my feed(not closed within the previous bar)

But it also has a lot of bad going for it. Be careful with these. You want to look for a bigger stronger bar. It will give you much stronger and more confident moves when getting your feet under you

Best
Mike
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  • #123,665
  • Mar 10, 2013 8:29pm Mar 10, 2013 8:29pm
Quoting dervel
Is this a good level to watch for a Jarroo style trade?
Yes, that's correct dervel.

A couple of other HCR levels that Price has yet to retrace to . . if it retraces.

Price breaking out into open Space has a lot of room to run without retracing. . .nothing to the left to cause it to retrace.

That's why we like trading into Space . . .when PBT&CA your HCR level, an entry on the Close was a very valid entry option, because it was . . . into Space. . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #123,666
  • Mar 10, 2013 9:11pm Mar 10, 2013 9:11pm
Quoting saab
Hi,
I learnt recently that one of the most important principles of success is to learn from the experts in your field. If you master their principles and learn from their setbacks it is a short cut to mastery.
I have been following the thread and all the master traders especially mbqb11,james16 and jarroo for the past few years so i thought it would be a good time to start contributing.
I wanted to give a massive thank you to james16,mbqb11,jarroo and all the other great traders here for the priceless service they have given to many people!
My...

Thanks saab . . . welcome abroad . .
Indicators show the past. Price Action "Indicates" the future.
  • #123,667
  • Edited 10:27pm Mar 10, 2013 9:22pm | Edited 10:27pm
Quoting Pinbar
Sure do Jim.
Although that pair is a bit too exotic and has a high spread for my liking.
Still, that does not stop us from watching and learning from it.
Hey Steve ..looks like my bearish bias of these LCS levels on the Yen pairs were failing badly as Resistance . .but that's not necessarily a bad thing to happen.

Take the NzdJpy for example . .

That's what's great about these levels . .if they fail one way (in this case) as Resistance at these LCS levels, they will return to Support, once of course, PBT and Closes above them . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #123,668
  • Mar 10, 2013 11:36pm Mar 10, 2013 11:36pm
GBP/JPY daily

A great pivot zone as per the flip of Res/Sup as taught by the king of trading !

Great pivot zone. Amazing to see how maNy times it flips through the zone ( marked by arrows ). Then the 50 EMA and weekly floor pivot point make it a huge confluence area.


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Regards Inditrader
  • #123,669
  • Mar 10, 2013 11:49pm Mar 10, 2013 11:49pm
Eur/Usd,

Smelling 2750. Written on the wall. Friday was red outside bar as per my feed.

Thank you Jim. Thank you Mike/Jarroo/Dailist/Seeking light/Pin bar and all of you who are making me better little student day by day.


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Regards Inditrader
  • #123,670
  • Mar 11, 2013 2:57am Mar 11, 2013 2:57am
Quoting jarroo
Hey Steve ..looks like my bearish bias of these LCS levels on the Yen pairs were failing badly as Resistance . .but that's not necessarily a bad thing to happen.

Take the NzdJpy for example . .

That's what's great about these levels . .if they fail one way (in this case) as Resistance at these LCS levels, they will return to Support, once of course, PBT and Closes above them . .


Jim

I hear you Jim.
Been busy with the Chinese driving test, failed it 5 times but passed it the other day.

Yeah, I like this M30 PB. Sure had the Bham effect.
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  • #123,671
  • Mar 11, 2013 3:04am Mar 11, 2013 3:04am
Quoting jarroo
Hey Steve ..looks like my bearish bias of these LCS levels on the Yen pairs were failing badly as Resistance . .but that's not necessarily a bad thing to happen.

Take the NzdJpy for example . .

That's what's great about these levels . .if they fail one way (in this case) as Resistance at these LCS levels, they will return to Support, once of course, PBT and Closes above them . .


Jim

I am watching GBP/JPY just out of interest, in this old area.
Perhaps, it will react again here?
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  • #123,672
  • Mar 11, 2013 7:45am Mar 11, 2013 7:45am
Quoting inditrader
I pretty much agree with Magestic. I do see Dollar getting strong against swiss. However please note that it is purely my personal forecast.

Bar A is a hammer and then bar B is a follow up rally whereas bar C show the strength of the buyers. Now Bar D is a building up bar which is likely to move north in the coming days/weeks. Also note that Bar D got support at bottom of bar C+ top of bar B.

Attachment

On a weekly, Price making higher lows means its still bullish.
Attachment

On a 4 hour chart.
1. An accumulation...
Swiss/ dollar did as per our expectation and here is one of my best set ups again on the same pair using "Jim technology".

On daily, the price closed well above 9500 which naturaly acted as resistance more than couple of times earlier.

Flip in resistance turning in to support as taught by the master.

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Further when I zoom in

1.The break of 2 bar high in an uptrend ( which should act as a support now )
2.Cluster of MR1 and weekly floor pivot
3.BRN 9500
4.Great Pivot zone

All these make it a big confluence zone. I am in....

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Regards Inditrader
  • #123,673
  • Mar 11, 2013 1:33pm Mar 11, 2013 1:33pm
some quiet markets but watching a Lot of USD pairs showing signs of exhaustion. I'll be waiting to see if that continues and we can move through some important areas looking for PA

gotta wait for that good PA to tip its hand
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  • #123,674
  • Mar 11, 2013 4:53pm Mar 11, 2013 4:53pm
Quoting Pinbar
I hear you Jim.
Been busy with the Chinese driving test, failed it 5 times but passed it the other day.

Yeah, I like this M30 PB. Sure had the Bham effect.
Yes that was sweet 30 min PB . .notice that at that time not one 30min candle could close above the 79.39 Daily HCR level . . .30min bearish Signature . .nice.
Indicators show the past. Price Action "Indicates" the future.
  • #123,675
  • Mar 11, 2013 4:58pm Mar 11, 2013 4:58pm
Quoting Pinbar
I am watching GBP/JPY just out of interest, in this old area.
Perhaps, it will react again here?

Yes it sure can react the same way, Resistance (bearish). . . . but if it doesn't and Closes Above we could be going the other way .
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Indicators show the past. Price Action "Indicates" the future.
  • #123,676
  • Mar 11, 2013 5:19pm Mar 11, 2013 5:19pm
Why is this thread in "Commercial Content" forum?

Is not this thread supposed to be as HELP for new traders? I thought PA was a good approach to become a profitable trader.

However I dont see why this is in commercial content, unless they are extremely hiding some ULTRA-Subliminal way to sell you something in the end, but STILL I cannot find anyone trying to sell me anything in this thread...
The Black Swan: The Impact of the Highly Improbable
  • #123,677
  • Mar 11, 2013 5:21pm Mar 11, 2013 5:21pm
Quoting MapleLeaf
Why is this thread in "Commercial Content" forum?

Is not this thread supposed to be as HELP for new traders? I thought PA was a good approach to become a profitable trader.

However I dont see why this is in commercial content, unless they are extremely hiding some ULTRA-Subliminal way to sell you something in the end, but STILL I cannot find anyone trying to sell me anything in this thread...

If anything, we tell you not to join until you spend some months on this Thread ..
Indicators show the past. Price Action "Indicates" the future.
  • #123,678
  • Mar 11, 2013 6:00pm Mar 11, 2013 6:00pm
Quoting MapleLeaf
Why is this thread in "Commercial Content" forum?

Is not this thread supposed to be as HELP for new traders? I thought PA was a good approach to become a profitable trader.

However I dont see why this is in commercial content, unless they are extremely hiding some ULTRA-Subliminal way to sell you something in the end, but STILL I cannot find anyone trying to sell me anything in this thread...
Hey Maple

If you read the post from James on post 1 we have a link to our private group. We've been a commercial site(since we do cost money) to join the PF forum. But i'd say we try to do a pretty good job of helping out for free for all these years as well

Best
Mike
  • #123,679
  • Mar 11, 2013 6:02pm Mar 11, 2013 6:02pm
Quoting Pinbar
I am watching GBP/JPY just out of interest, in this old area.
Perhaps, it will react again here?

Quoting jarroo
Yes it sure can react the same way, Resistance (bearish). . . . but if it doesn't and Closes Above we could be going the other way .
Not looking good as acting as Resistance . .could a flip back to Support be in the works?? . .we'll keep watching . .
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Indicators show the past. Price Action "Indicates" the future.
  • #123,680
  • Mar 11, 2013 11:47pm Mar 11, 2013 11:47pm
Quoting inditrader
GBP/JPY daily

A great pivot zone as per the flip of Res/Sup as taught by the king of trading !

Great pivot zone. Amazing to see how maNy times it flips through the zone ( marked by arrows ). Then the 50 EMA and weekly floor pivot point make it a huge confluence area.


Attachment
50% off the table for +80 pips. Stop for the rest is trailed above breakeven.

In between yesterday was a green inside day.

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Regards Inditrader
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