DislikedMike
Your help is much appreciated however i am still a little confused re swing hi/lo , can u show some examples please.
Thanks GerardIgnored
Hope that helps
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedMike
Your help is much appreciated however i am still a little confused re swing hi/lo , can u show some examples please.
Thanks GerardIgnored
DislikedThe Difference is the Time Frames. Mike was on the Daily, while I was on the 4 Hour. The Daily's space was very closed or trafficy (is that a word) in relation to the setup while the 4 Hour space was very open or less trafficy to the 4 hour setup.
Granted, Mike will require more space for a setup then I might at times, but the important thing here is that there is a good amount of space on a given time frame for that setup.
Am I making sense?
JimIgnored
DislikedYep things can change greatly from timefames.
People are surprised when they see some of the trades I take. They go, I don't get it I see traffic. When I see traffic, that doesn't mean no trade, it usually means to tighten up my trade mgmt plan. Good bars come in many forms and many locations. The key is to learn what makes better locations then others, and what makes better bars then others. Then combine that with trouble areas using s/r, ppz, etc.
Thanks for clarifying for me Jim
MikeIgnored
Dislikedhey, I reserved a seat for you here, if you don't mind, jarroo? but, to be honest, I am a little bit uncertain about this type of setup, given what Mike said about space as below link, which, of course, I don't understand well though.
http://www.forexfactory.com/showpost...ostcount=45042
the thing is, why do you have so much difference in talking about space?
I am not saying any one of you were wrong, simply curious what could be the difference between two of you.Ignored
Dislikedis anyone considering the BEOB formed on the EUR/USD to be played as a continuation set-up or is it just me vs itIgnored
DislikedOn your feed krue, the 4 hour PB was below the Weekly/Daily PPZ level and had immediate traffic or previous highs/lows to deal with (blue areas).
The space, caused by the swing low, probably helped this trade move upward but the decision to take the trade would have gave me pause because of the immediate traffic.
The location is King and if I took this trade on your feed it would have to be tightly managed. If this setup didn't break as well as it did I would have be out with a very small loss.Ignored
Dislikedthanks, jarroo, for the good explanation to understand the difference. what I looked at this setup were 1.56, fib ret 78.6 and most importantly here the trendline, which is a good reflection of the choppy market, if I may. I am just wondering what might signify the influence of space could be situational dependant: only when swing setup comes into play, space takes its power in determining the setup quality, while in range market, it fades its role given that the range bounds are focal of the battle force, anything in between seems most likely weak...Ignored
DislikedYes, space plays an important role in the quality of a given setup, if I understand you correctly. But the location of where space lines up with is the key. At a swing Low or High at a PPZ level, even better with other supporting confluences at this level (Round numbers, Fibs, long term MAs, trendlines, etc.)
I agree that space fades its importance in consolidation areas where again the range boundary's Location plays as the key strength.Ignored
DislikedWhere was I when I missed this easy one.
Eur/Cad 4 Hour BUOB off a Daily/Weekly PPZ level, 1.5650, at a swing Low, nice space and 50% retracement level. And of course the beautiful hard break with no draw down that doesn't look back.Ignored
DislikedAll PMs have been answered... (just in time I hope..)
Before nonfarm it is a harvest time.
Here is just a handful of 50+ pipers, I mentioned above.
Be careful tomorrow guys!
Be well, Trade well...
.Ignored
Dislikedmike, jaroo,
your thoughts on the audusd daily beovb?
while it is at a swing high, me thinks there is a bit too much traffic around it and audusd has been bouncing off the upwards trendline...
sounds like i am talking myself off it!Ignored
DislikedYou may want to listen to those voices they make good sense.
Nice big BEOB at a swing high consolidation area right smack into a ton of traffic . . .ouch. An easy pass for many.
It could work out nicely but be prepared for a lot of choppiness. Big PA at the right location can cut through a lot of traffic. I like watching and studying these setups then actually trading them. You can learn alot on how price reacts to certain levels.Ignored
Dislikedthks jarroo, have left it. when in doubt... is there a buovb on eurusd h4 the prevvious candle not the current one?Ignored
DislikedYes there is, just barely. Look at the size of it compared to the previous bearish bars. We are not very surprised that it didn't work out or even broke.
Oh wait this is the aud/usd.Ignored
Dislikedthks jarroo, have left it. when in doubt... is there a buovb on eurusd h4 the prevvious candle not the current one?Ignored
DislikedHi all followers of the j16 'system',
I've been following this thread for some time, mainly flicking back and forth and sometimes in the middle. 2700+ pages was tough to read from front to back, especially at the rate pages were added.
I've finally decided to sit down and read through it all, but hit a little snag. On post #111, Jim posted a chart to say "look at post 58" but there are no attachments there. Does any of the early followers know what he is driving at here?
Thanks & regards,
arctosIgnored