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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

  • #16,301
  • Dec 7, 2008 3:29pm Dec 7, 2008 3:29pm
Good day all, I am trend trader and i want to step forward by incorporating fine PA in my trading. Jarro has been inspiring, I love the thread as the big fishes in FF converges here to pure out their thoughts. thanks all
  • #16,302
  • Dec 7, 2008 3:34pm Dec 7, 2008 3:34pm
man, this thread has been hopping lately! good to see the old timers adding their invaluable insights. Forex Factory truly is a great community. minus the trolls of course.
"Don't trade to trade . . . trade to win." - James16
  • #16,303
  • Dec 7, 2008 3:43pm Dec 7, 2008 3:43pm
Good day all, I am trend trader and i want to step forward by incorporating fine PA in my trading. Jarro has been inspiring, I love the thread as the big fishes in FF converges here to pure out their thoughts. thanks all
  • #16,304
  • Dec 7, 2008 5:52pm Dec 7, 2008 5:52pm
Quoting james16
thanks trinity, yes i will post my indicators but going into what i do with them would be to much i think. lets just say i use them as support and resistance levels, they help me to see the big picture. the ma's are simple 21, 79 and 365. the exponential ma is 89. the bands are a keltner channel set at 8,1.3,1.3. i want to take this oppurtunity to thank todd mitchell who taught me much of this. if you ever want to spend two grand and actually come away happy check him out.

Hello everyone. I've been reading this wonderfull post over a month and is amazing the inf. I have got here.

My question is, are these EMAS, MAS and Bands values the officials ones?
If there are any official EMAS, MAS or BANDS modifications, please let me know...

Thanks to all and specially to Jim who teachs this wonderful techniques....
  • #16,305
  • Edited 9:35pm Dec 7, 2008 8:19pm | Edited 9:35pm
Quoting LasVahGoose
I know the 1 hour isn't ideal to trade, but what do folks think about this setup?

PIN (maybe in traffic) on the 1HR hitting a Supply Zone where price has dropped a few times before (white arrows) and hitting a 38 fibo zone. I'm thinking being nimble and get in and out fairly quick.
Hey LVG. You have outlined the hourly PPZ very well and the PB you have indicated is off the hourly PPZ. The PB could have easily worked. Prive Action with supporting confluences is a powerful thing. But now you know why we for the break, it'll save you out of a lot of potenial losses. Trust me on that.

When trading on the hourly or any lower time frame it is crucial (imo) that we know the location of the Higher time frame S/R levels (PPZs). Because the is the heart of where Price Action and a high probability trade will meet.

Although the PPZ levels on the Daily Euro are not well defined, I placed some PPZ levels in green where some may be and your hourly PPZ level in blue. You can see the the higher time frame levels can not be ignored.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #16,306
  • Dec 7, 2008 8:53pm Dec 7, 2008 8:53pm
Quoting jarroo
Hey LVG. You have outlined the hourly PPZ very well and the PB you have indicated is off the hourly PPZ. The PB could have easily worked. Prive Action with supporting confluences is a powerful thing. But now you know why we for the break, it'll save you out of a lot of potenial losses. Trust me on that.

When trading on the hourly or any lower time frame it crucial (imo) that we know the location of the Higher time frame S/R levels (PPZs). Because the is the heart of where Price Action and a high probability trade will meet.

Although the PPZ...
Dear sir,

i'm Agree with you

"When trading on the hourly or any lower time frame it crucial (imo) that we know the location of the Higher time frame S/R levels (PPZs). Because the is the heart of where Price Action and a high probability trade will meet."

Price at the monthly pivot 12736 and Price at above Weekly Pivot Point 12086

look at the chart

rgds,
my30marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: eu444.JPG Size: 98 KB
  • #16,307
  • Edited 9:36pm Dec 7, 2008 9:10pm | Edited 9:36pm
Quoting my30marahaba
Dear sir,

i'm Agree with you

"When trading on the hourly or any lower time frame it is crucial (imo) that we know the location of the Higher time frame S/R levels (PPZs). Because the is the heart of where Price Action and a high probability trade will meet."

Price at the monthly pivot 12736 and Price at above Weekly Pivot Point 12086

look at the chart

rgds,
my30marahaba
I sure you meant 1.27086 for the Weekly Pivot Point.

I don't see any clear Price Pivot Zones as define by James16 in that area. But you get the meaning of using higher time frame levels, be it Pivot Points or fib levels. What ever you feel comfortable with.
Indicators show the past. Price Action "Indicates" the future.
  • #16,308
  • Dec 7, 2008 9:15pm Dec 7, 2008 9:15pm
Quoting jarroo
I sure you meant 12786 for the Weekly Pivot Point.

I don't see any clear Price Pivot Zones as define by James16 in that area. But you get the meaning of using higher time frame levels, be it Pivot Points or fib levels. What ever you feel comfortable with.
yes sir , weekly pivot 1.27086 and monthly pivot 1.27382

brgds,
my30marahaba
  • #16,309
  • Dec 7, 2008 9:25pm Dec 7, 2008 9:25pm
Quoting jlmac27
Hello Jarro,
Hope you had a nice weekend!I was wondering how you will handle the MM on this usd/cad pinbar?The candle itself is over 300 pips.What is your plan?Thanks in advance,I always appreciate your posts
Clockwork nailed it.

As we know, the ideal stop loss placement is above (or below) the given Price Action formation. So we adjust our postion size to meet our money management risk.

Another strategy is use fib levels of the Price Action formation itself. Once Price breaks the PB (repeat), once Price breaks the PB or 10-15 pips away, we place the stop loss at the 50% retrace or 61.8 fib level. If we have a confluence of something else at these levels the better.

The daily Cad PB: the 50% retracement lines up nicely with the left eye. So the stop loss above this 50% level would look good.

Just remember this is not the ideal. Above the PB is the best location for the stop loss.

The best plan would be to take clockwork's advise, adjust your postion and place your stop loss there.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,310
  • Dec 7, 2008 9:42pm Dec 7, 2008 9:42pm
Jarroo,

I really appreciate you taking the time to respond. I always learn something from you. If you are ever in Las Vegas, the Steaks and Drinks are on me.

Looking at E/U getting close to the 1.2777 - 1.2800 area, which I have marked as another possible turning point and I'm looking to see if some type of price action will develop at that level. After that I think it is the Daily PPZ zone you have mapped out at around that 1.2848 level is the next possible turning point.

One day I'm going to get these S/R levels down and the market better watch out.

Thank You.

Quoting jarroo
Hey LVG. You have outlined the hourly PPZ very well and the PB you have indicated is off the hourly PPZ. The PB could have easily worked. Price Action with supporting confluences is a powerful thing. But now you know why we for the break, it'll save you out of a lot of potential losses. Trust me on that.

When trading on the hourly or any lower time frame it crucial (imo) that we know the location of the Higher time frame S/R levels (PPZs). Because the is the heart of where Price Action and a high probability trade will meet.

Although the...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #16,311
  • Dec 7, 2008 10:44pm Dec 7, 2008 10:44pm
Quoting LasVahGoose
Jarroo,

I really appreciate you taking the time to respond. I always learn something from you. If you are ever in Las Vegas, the Steaks and Drinks are on me.

Looking at E/U getting close to the 1.2777 - 1.2800 area, which I have marked as another possible turning point and I'm looking to see if some type of price action will develop at that level. After that I think it is the Daily PPZ zone you have mapped out at around that 1.2848 level is the next possible turning point.

One day I'm going to get these S/R levels down and the market better...
Aahh Vegas, the stories I could tell you . .to bad they have to stay there. lol

You got the levels down on the hourly just do the same on the Weekly and even the Monthly.
Indicators show the past. Price Action "Indicates" the future.
  • #16,312
  • Edited Dec 8, 2008 12:14am Dec 7, 2008 10:50pm | Edited Dec 8, 2008 12:14am
Looks like we could see a PB break on the IBFX feed.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,313
  • Dec 8, 2008 12:19am Dec 8, 2008 12:19am
Quoting jarroo
Looks like we could see a PB break on the IBFX feed.
I'm in on the break.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,314
  • Dec 8, 2008 12:34am Dec 8, 2008 12:34am
Break on the FxPro feed.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,315
  • Dec 8, 2008 12:41am Dec 8, 2008 12:41am
Quoting jarroo
I'm in on the break.
I'm in as well with Oanda.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #16,316
  • Dec 8, 2008 12:45am Dec 8, 2008 12:45am
Quoting LasVahGoose
I'm in as well with Oanda.
Nice LVG. I thought I was the only one. lol.
Indicators show the past. Price Action "Indicates" the future.
  • #16,317
  • Dec 8, 2008 12:48am Dec 8, 2008 12:48am
Quoting jarroo
We all know what an I4B is right? If not refer here:
(Thanks Mike):http://www.forexfactory.com/showpost...ostcount=15851

Aud/Usd Weekly has an I15B. Also the Daily perspective.
Nice break on the I15B on the Ozzy Weekly.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,318
  • Dec 8, 2008 12:58am Dec 8, 2008 12:58am
Quoting jarroo
Nice LVG. I thought I was the only one. lol.

nice break cad,
i'm still hold my friday entry......

brgds,
my30marahaba
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Click to Enlarge Name: usdcad1.JPG Size: 189 KB
  • #16,319
  • Dec 8, 2008 1:02am Dec 8, 2008 1:02am
Quoting jarroo
Nice break on the I15B on the Ozzy Weekly.
Like to see a break then act as support at the .6600 level (1st TP).
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #16,320
  • Dec 8, 2008 1:03am Dec 8, 2008 1:03am
Quoting my30marahaba
nice break cad,
i'm still hold my friday entry......

brgds,
my30marahaba
I'm surprised you haven't started a thread, you seem to nail trade after trade after trade. pretty impressive.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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