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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

  • #137,221
  • Oct 8, 2015 10:01am Oct 8, 2015 10:01am
Quoting priceaction9
{quote} Thank you very much for the advice but the following pdf is right, isnt it? Quoting priceaction9 For DBLHC Does candle number 2's Close need to be higher than candle number 1's High Or high of number 2 just need to be higher than high of number 1 thx Attached File {image} James16 PA Setups.pdf 42 KB
hey PA

That pdf is correct

These are accurate representations of the bar types we use

http://www.forexfactory.com/attachme...3&d=1369112589

Best
Mike
  • #137,222
  • Oct 8, 2015 10:28am Oct 8, 2015 10:28am
Quoting mbqb11
{quote} hey PA That pdf is correct These are accurate representations of the bar types we use http://www.forexfactory.com/attachme...3&d=1369112589 Best Mike
awesome

thx a lot

great community
  • #137,223
  • Oct 8, 2015 11:23am Oct 8, 2015 11:23am
Hey Mike & other,

what do you think about about GBP/CAD chart? A BeOB formed at a nice level

GBPCAD.jpg

USD/CAD formed a BuOB at a support level, although now going down slightly..

USDCAD.jpg
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD.jpg Size: 89 KB
Click to Enlarge Name: USDCAD.jpg Size: 132 KB
  • #137,224
  • Oct 8, 2015 1:34pm Oct 8, 2015 1:34pm
Quoting mbqb11
{quote} yep that is correct application of fib confluence courtney good job Just be careful we have a nice previous box under this bar {image}
Oh cool, thanks Mike.
  • #137,225
  • Oct 8, 2015 2:24pm Oct 8, 2015 2:24pm
Aussie rallies..


EURAUD

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 23 KB


GBPAUD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 25 KB


GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 26 KB
  • #137,226
  • Oct 8, 2015 2:27pm Oct 8, 2015 2:27pm
Quoting mbqb11
{quote} Hey Bill Depending on the context of the words used. The support and /resistance area itself are not congestion. What we are trading back into can be considered a sideways market but that is ok to trade into under the right circumstances. Mostly we'll use the term traffic when you are trading into a lot of potential areas that can "bounce" price which is also what can happen when trading back in a sideways range. It's when I
"Traffic" was the other term i couldn't think of yesterday
Thanks again Mike, brilliant !

Bill
  • #137,227
  • Oct 8, 2015 7:10pm Oct 8, 2015 7:10pm
Hi zamfir,

Hope you don't me asking, for your GBPAUD trade, the 2.135 line in your chart, what is the significant of it in relation with the trade?



Quoting zamfir
Aussie rallies.. EURAUD {image} GBPAUD {image} GBPJPY {image}
  • #137,228
  • Oct 8, 2015 9:09pm Oct 8, 2015 9:09pm
Quoting james16
yes the new site will be the most helpful forex, stock, options, futures website on the net for both being fed and being taught to fish for yourself. ten years of dreams and honest desires to help traders have gone in to it. our desire is to have the site make a profit but anyone considering joining should consider and remember that where else can you find a place that you can know the people teaching you can actually trade in a profitable fashion for themselves? the new site will be open to inspection by anyone so that you guys can know you are...
So....
  • #137,229
  • Oct 8, 2015 9:12pm Oct 8, 2015 9:12pm
Quoting Winston Reed
{quote} So....
  • #137,230
  • Oct 8, 2015 9:17pm Oct 8, 2015 9:17pm
  • #137,231
  • Oct 8, 2015 9:22pm Oct 8, 2015 9:22pm
Quoting Winston Reed
haha nah haven't said anything cause it's put up or shut up time. And we'll be putting up very soon. It looks great i'm very proud of it
  • #137,232
  • Oct 8, 2015 9:25pm Oct 8, 2015 9:25pm
Quoting bangster
Hey Mike & other, what do you think about about GBP/CAD chart? A BeOB formed at a nice level GBPCAD.jpg USD/CAD formed a BuOB at a support level, although now going down slightly.. USDCAD.jpg {image} {image}
Hey Bangster

What you are essentially in here is a box. So the beob sits on the midpoint of the box(middle red box). That middle line is always a PPZ. So you really want to be trading towards the top. So you COULD play this on a retrace and it worked out good. But it's also a bit tricky here being in consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-8-2015 10-23-11 PM.gif Size: 48 KB

I'm watching the squeeze that is occurring. I think it will provide an easier opportunity. So i'm stacking the confluence of the previous support area with the wedge formation
Attached Image (click to enlarge)
Click to Enlarge Name: 10-8-2015 10-24-45 PM.gif Size: 27 KB

Hope that helps
Mike
  • #137,233
  • Oct 8, 2015 10:50pm Oct 8, 2015 10:50pm
Quoting sodiska
Hi zamfir, Hope you don't me asking, for your GBPAUD trade, the 2.135 line in your chart, what is the significant of it in relation with the trade? {quote}
2.1350 RN
  • #137,234
  • Oct 9, 2015 12:23am Oct 9, 2015 12:23am
Quoting mbqb11
{quote} ...
Thanks, Mike. Helps a lot. Still learning and trying to zoom out a bit. I guess confluence of several signs is key.
  • #137,235
  • Oct 9, 2015 12:54am Oct 9, 2015 12:54am
Quoting zamfir
{quote} 2.1350 RN
But not all RN is significant right?
  • #137,236
  • Oct 9, 2015 1:49am Oct 9, 2015 1:49am
Quoting mbqb11
{quote}It looks great i'm very proud of it
Please replace "great" with AMAZING!!!!
  • #137,237
  • Oct 9, 2015 2:25am Oct 9, 2015 2:25am
Quoting sodiska
{quote} But not all RN is significant right?
No.
  • #137,238
  • Oct 9, 2015 5:34am Oct 9, 2015 5:34am
Waiting for CAD Data, BE for now.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 20 KB
  • #137,239
  • Oct 9, 2015 7:07am Oct 9, 2015 7:07am
Quoting zamfir
Waiting for CAD Data, BE for now. {image}
Hi Zam, there is a pin forming there right now
  • #137,240
  • Oct 9, 2015 7:09am Oct 9, 2015 7:09am
Quoting zamfir
Waiting for CAD Data, BE for now. {image}
How can my chart be so different to yours where the beob was??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 319 KB
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