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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

  • #123,801
  • Mar 14, 2013 1:22am Mar 14, 2013 1:22am
Quoting jarroo
That's just how I roll . .

Let me tell you Steve . .just the fact that you . . .

#1. Saw the 1st target.

#2. Reacted to the 1st target once it was Hit . . . puts you miles ahead of the game, my friend . .


Jim
Slowly, getting there.
I have a Good teacher
If we don't react at these levels, we are nothing more than deer in the headlights and, we all know how that plays out.

Takes time and patience.

Just looking at GBP/CAD, another one that could be a bit tight.
Nice H1 confluence of the 150 but, this weekly level could be too far back in time.

I shall watch it and learn from it, maybe demo it on a low TF.
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  • #123,802
  • Mar 14, 2013 1:31am Mar 14, 2013 1:31am
Quoting Pinbar
Slowly, getting there.
I have a Good teacher
If we don't react at these levels, we are nothing more than deer in the headlights and, we all know how that plays out.

Takes time and patience.

Just looking at GBP/CAD, another one that could be a bit tight.
Nice H1 confluence of the 150 but, this weekly level could be too far back in time.

I shall watch it and learn from it, maybe demo it on a low TF.
Yes we do know how that plays out . . lol . .

Yes that level is way in the past but look at all that open Space . . . .that the big difference than your other past levels. . .

But still look at more near term levels that Price is creating currently . .they should be more reactive because they are in Open Space too.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #123,803
  • Mar 14, 2013 2:29am Mar 14, 2013 2:29am
Quoting jarroo
Hey b3g1nn3er . .everything you have done here is perfect . . . . . except one very important thing . .the location of the BUOB.

The BUOB is at a Swing High not where we like to trade them. If this BUOB was a Swing Low you could have caught the start of an uptrend . .

Everything looks great but its Location of the BUOB.

Jim
Hey, Jarroo
It's great honor for me and I feel lucky!!!
Three great traders meet my first three questions in this thread and finally himself JARROO!!!
Thanks again for the clarification, the swings is a big gap in my knowledge on PA.
Is this rule that I missed:

Best BUOB - Swing Low ?
Best BEOB - Swing High ?
Your best teacher is your last mistake ...
  • #123,804
  • Mar 14, 2013 2:42am Mar 14, 2013 2:42am
Quoting b3g1nn3er
Hey, Jarroo
It's great honor for me and I feel lucky!!!
Three great traders meet my first three questions in this thread and finally himself JARROO!!!
Thanks again for the clarification, the swings is a big gap in my knowledge on PA.
Is this rule that I missed:

Best BUOB - Swing Low ?
Best BEOB - Swing High ?
Yes that's correct, b3g1nn3er

Best BUOB - Swing Low
Best BEOB - Swing High

The same with Pin Bars . . .

Bullish Pin Bars at Swing Lows.
Bearish Pin Bars at Swing Highs.

We don't like trading in the middle of the market . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #123,805
  • Mar 14, 2013 2:53am Mar 14, 2013 2:53am
Quoting jarroo
Yes we do know how that plays out . . lol . .

Yes that level is way in the past but look at all that open Space . . . .that the big difference than your other past levels. . .

But still look at more near term levels that Price is creating currently . .they should be more reactive because they are in Open Space too.

Jim

Yeah, I thought that was too far back.

I am wondering if you mean we can treat the gap on these two candles as a single level, the LCS?
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  • #123,806
  • Mar 14, 2013 2:54am Mar 14, 2013 2:54am
Quoting Pinbar
Yeah, I thought that was too far back.

I am wondering if you mean we can treat the gap on these two candles as a single level, the LCS?
Yes you can . . . damn you gaps!! .. lol . .
Indicators show the past. Price Action "Indicates" the future.
  • #123,807
  • Edited 3:11am Mar 14, 2013 2:56am | Edited 3:11am
Quoting meshka
no I am just moved my stop loss closer to my entry... waiting for something to happen tommorow with chf .... I bought USDCHF and EURCHF... and short in kiwi. closed all my other EUR positions ...
Looking good on the CadChf, Chf, etc. , meshka . .
Indicators show the past. Price Action "Indicates" the future.
  • #123,808
  • Mar 14, 2013 3:18am Mar 14, 2013 3:18am
Looking for reaction at 0.99 lvl on aud/chf. Prooven resistance.
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If not up, then down, otherwise sideways :-)
  • #123,809
  • Mar 14, 2013 3:45am Mar 14, 2013 3:45am
what's meaning of BUOB, BRN?
  • #123,810
  • Mar 14, 2013 4:42am Mar 14, 2013 4:42am
Quoting kl00820
what's meaning of BUOB, BRN?
http://www.forexfactory.com/showthre...641#post634864 1
If not up, then down, otherwise sideways :-)
  • #123,811
  • Mar 14, 2013 4:52am Mar 14, 2013 4:52am
Hi Jarroo
You mentioned that after e.g. PBT you watch for hourly signatures. I did't quite get that. Could you explain a bit more about these hourly signatures.
Thanks in advance

Peter
  • #123,812
  • Edited 1:55pm Mar 14, 2013 8:48am | Edited 1:55pm
Hi all,

Eur/Usd

what do you think about this Buob H1 on important levels?

Thanks a lot in advance
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Don't give up
  • #123,813
  • Mar 14, 2013 9:24am Mar 14, 2013 9:24am
Quoting jarroo
Hey Kay Kay ..

Yes, that was a weak PBT&CB but its technically correct.

Let be start with your #3. first. There is a nice consolidation here (a bit small) and we really don't care if this consolidation is with a trend or not. Just that it exists. This Break Out of this consolidation is with the current down trend with is good but its really not mandatory. (Chart 1)

Part of the make up of this consolidation is a Swing Low and its Lowest Close of Support level. (Chart 2)

In Chart 3, you are showing just a Daily Low and a Daily Close....
You are a marvelous and amazing. You describe and resolve very complex things in very simple way. Now I understand it. Thank you very very much sir.

Kay Kay
  • #123,814
  • Mar 14, 2013 11:27am Mar 14, 2013 11:27am
50% off the table at 100 pips. Rest locked for 30 pips. It has all the symptoms of a runner.

Divergence/big Number,breakout of huge consolidation.

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Regards Inditrader
  • #123,815
  • Mar 14, 2013 11:57am Mar 14, 2013 11:57am
Quoting mbqb11
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
no real surprises here across the board. All the USD pairs were showing signs of momentum loss.

Here is that updated gbp/usd chart
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  • #123,816
  • Mar 14, 2013 12:12pm Mar 14, 2013 12:12pm
another usd pair that was rounding off. This is one of the times I take clues from similar pairs. When you can see a common theme it can give you a heads up

check out some of the others see if you guys can spot for yourself
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  • #123,817
  • Mar 14, 2013 2:59pm Mar 14, 2013 2:59pm
Still 2 hours to go until close, but this looks like it could be nice. `
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  • #123,818
  • Mar 14, 2013 4:18pm Mar 14, 2013 4:18pm
Quoting Pinbar
Stopped out at BE after 1st target hit.

We may get more convincing PA on the retest.
Pinbar, I can't see the first target. Do you mind explaining where it is?
  • #123,819
  • Edited 4:56pm Mar 14, 2013 4:37pm | Edited 4:56pm
Quoting jarroo
Yes you can . . . damn you gaps!! .. lol . .
NZD/USD

Looks like we are going to have a daily close above.
I shall look for an H1 signature and be wary of that gap on the way up.
If it does in fact close above on the Daily.
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  • #123,820
  • Mar 14, 2013 5:12pm Mar 14, 2013 5:12pm
When the thread is quiet!
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Time for a new chapter
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