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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

  • #72,281
  • Aug 20, 2010 12:53am Aug 20, 2010 12:53am
Quoting o990l6mh
You can turn it off. Everything except trailing stops are on the broker servers, this goes for both live and demo accounts with all MT4 brokers.
Cool, thanks! I can worry less now.
  • #72,282
  • Edited 1:14am Aug 20, 2010 12:58am | Edited 1:14am
Quoting cprao
Well Jarro. Sorry little confused.

1) Scenario 1-
A) Good BEOB/BUOB on daily/weekly.
B) Broke the setup (went in the direction of the bar by 1 to 10 pips).
C) Retraced either to previous low/high or confluence or consolidation.
D) On lower time frames, PA has formed (PB or BUOB/BEOB)
E) Step D validates daily/weekly BEOB/BUOB and provides confirmation for a trade. (Assuming you are not running into resistance and FTA is clear, space is there and etc..)

2) Scenario 2-
A) Good BEOB/BUOB.
B) Retraced either to previous low/high or confluence...

I like 'em both . . lol

Probably Scenario 1 because the setup is confirmed or validated, where Scenario 2 may never break.

The reasons I like them both is because of C & D in #1 and B & C in #2. If Price retraces to the previous bar High or Low, whether a break of the setup occurs or not and forms quality PA on the lower time frame at this level, then I would like its potential outcome. Not just on the lower time PA itself but future continuation of the Higher time frame PA. ( Geez, does that make sense?)

The hard break is an additional conformation for me that the setup is correct, meaning that a high quality setup is also high momentum setup as well. Price is running fast to the FTA and not looking back.
Indicators show the past. Price Action "Indicates" the future.
  • #72,283
  • Aug 20, 2010 1:13am Aug 20, 2010 1:13am
Hi, I've started reading through some of this thread, its similar to the price action method i trade (mine is shorter TF), but I'm just wondering if there is a summary of the method/terminologies used eg. PPZ FTA I4B etc without reading through thousands of pages. Its not that I don't want to read, I just want a quick intro so I know what I'm reading about.

thanks
  • #72,284
  • Aug 20, 2010 1:31am Aug 20, 2010 1:31am
Quoting jarroo
What did you think of the Usd/Chf 4 hour Outside Bars Pb? See any differences and things in common between the two?

Yes, I almost took that when I noticed it yesterday, however, I considered the swing high to be a little vague so, I passed on it.

Also, my back was killing me and with the pain I decided to just watch.
Ok today though.

Thanks jarroo
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  • #72,285
  • Aug 20, 2010 1:33am Aug 20, 2010 1:33am
Quoting jarroo
I like 'em both . . lol

Probably Scenario 1 because the setup is confirmed or validated, where Scenario 2 may never break.

The reasons I like them both is because of C & D in #1 and B & C in #2. If Price retraces to the previous bar High or Low, whether a break of the setup occurs or not and forms quality PA on the lower time frame at this level, then I would like its potential outcome. Not just on the lower time PA itself but future continuation of the Higher time frame PA. ( Geez, does that make sense?)

The hard break is...

Take a look at Jonnyisfound's Gbp/Cad 4 Hour BUOB. Price breaks the setup, (barely but good enough) and then retraces to the previous bar High.

On the hourly we see a PB at the previous bar High.

Not the best looking Hourly PB, but I like its location inrelation to the bigger setup . . .the 4 Hour BUOB.
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Indicators show the past. Price Action "Indicates" the future.
  • #72,286
  • Aug 20, 2010 1:36am Aug 20, 2010 1:36am
Quoting jarroo
I like 'em both . . lol

Probably Scenario 1 because the setup is confirmed or validated, where Scenario 2 may never break.

The reasons I like them both is because of C & D in #1 and B & C in #2. If Price retraces to the previous bar High or Low, whether a break of the setup occurs or not and forms quality PA on the lower time frame at this level, then I would like its potential outcome. Not just on the lower time PA itself but future continuation of the Higher time frame PA. ( Geez, does that make sense?)

The hard break is...

Thank you Jarroo. it is clear to me now. Thank you for the education.
  • #72,287
  • Aug 20, 2010 1:37am Aug 20, 2010 1:37am
Quoting Pinbar
Yes, I almost took that when I noticed it yesterday, however, I considered the swing high to be a little vague so, I passed on it.

Also, my back was killing me and with the pain I decided to just watch.
Ok today though.

Thanks jarroo

Man .are you alright ? what happen?
Indicators show the past. Price Action "Indicates" the future.
  • #72,288
  • Aug 20, 2010 1:40am Aug 20, 2010 1:40am
Quoting jarroo
Take a look at Jonnyisfound's Gbp/Cad 4 Hour BUOB. Price breaks the setup, (barely) and then retraces to the previous bar High.

On the hourly we see a PB at the previous bar High.

Not the best looking Hourly PB, but I like its location inrelation to the bigger setup . . .the 4 Hour BUOB.
Making sense now.. Thank you.
  • #72,289
  • Aug 20, 2010 1:46am Aug 20, 2010 1:46am
Quoting cprao
Making sense now.. Thank you.

Just think if that Hourly PB was better quailty wise. Also, could you add to your position, when the 4 hour BUOB breaks again? Meaning enter at the Hourly PB and then enter again on the re-break of 4 Hour BUOB and cover or minimize your risk? See what I'm talking about . . .
Indicators show the past. Price Action "Indicates" the future.
  • #72,290
  • Aug 20, 2010 1:46am Aug 20, 2010 1:46am
Quoting jarroo
Man .are you alright ? what happen?

Oh, I thought you were referring to the analysis!

The back, it has been horribly hot here these last few days with almost 40c temps and 80% humidity. Even at midnight the temps were like 34C.
So, on Tuesday night, I slept right in front of the air conditioning, I got up in the morning and had this horrible pain between my shoulder blades, like a toothache type pain, breathing was hard because of the pain.

My wife did some Chinese stuff on it but the pain still lingered, at last today it has sorted itself out.

Must have got a chill in my spine, all I could do yesterday was lay in bed and pop in and out of this thread, while watching the videos and reading J16.
  • #72,291
  • Aug 20, 2010 1:49am Aug 20, 2010 1:49am
Quoting Pinbar
Must have got a chill in my spine, all I could do yesterday was lay in bed and pop in and out of this thread, while watching the videos and reading J16.
doesn't sound too bad at all.
meine augen sind die sterne
  • #72,292
  • Aug 20, 2010 1:56am Aug 20, 2010 1:56am
Quoting aserbfx
doesn't sound too bad at all.

Apart lying in bed, that is all I have been doing for the last 3 months anyway. It is better without the pain, though. LoL
  • #72,293
  • Aug 20, 2010 1:57am Aug 20, 2010 1:57am
Quoting Pinbar
Oh, I thought you were referring to the analysis!

The back, it has been horribly hot here these last few days with almost 40c temps and 80% humidity. Even at midnight the temps were like 34C.
So, on Tuesday night, I slept right in front of the air conditioning, I got up in the morning and had this horrible pain between my shoulder blades, like a toothache type pain, breathing was hard because of the pain.

My wife did some Chinese stuff on it but the pain still lingered, at last today it has sorted itself out.

Must have got a chill in...
Oh . . Ok . .try and take it easy there buddy . .wow . that some heat.

Not a bad way to spend the day . . watching the j16 videos and reading J16 . . I do it all the time and my back don't ache . .lol

I thought we could go over the Pro and Cons of the 4 hour Usd/Chf Outside Bars.
Indicators show the past. Price Action "Indicates" the future.
  • #72,294
  • Aug 20, 2010 1:59am Aug 20, 2010 1:59am
Quoting jarroo
Oh . . Ok . .try and take it easy there buddy . .wow . that some heat.

Not a bad way to spend the day . . watching the j16 videos and reading J16 . . I do it all the time and my back don't ache . .lol

I thought we could go over the Pro and Cons of the 4 hour Usd/Chf Outside Bars.

Yeah, sure Jarroo, I would be glad to.

Thanks for the concern. I am fine right now.

Got to go out for a bit BRB.
  • #72,295
  • Aug 20, 2010 2:15am Aug 20, 2010 2:15am
Quoting jarroo
Just think if that Hourly PB was better quailty wise. Also, could you add to your position, when the 4 hour BUOB breaks again? Meaning enter at the Hourly PB and then enter again on the re-break of 4 Hour BUOB and cover or minimize your risk? See what I'm talking about . . .
I see the posibility of adding positions. All because of lower PA is aligned to higher timeframes, right ? Higher timeframe rules..
  • #72,296
  • Aug 20, 2010 2:17am Aug 20, 2010 2:17am
Quoting Pinbar
Yeah, sure Jarroo, I would be glad to.

Thanks for the concern. I am fine right now.

Got to go out for a bit BRB.

Cool Pb.

Quoting Pinbar
Yes, I almost took that when I noticed it yesterday, however, I considered the swing high to be a little vague so, I passed on it.
Absolutely agree with on that one Pb. Although it is pretty clear, not vague . .its not at a swing High (BEOB). A good decision to pass.

I did like its size compared to previous bars. Also , although it only engulf a few bars but it did engulf those previous bars highs in light brown.

Notice the BUOB (green) did not take out or engulf the previous bar lows.
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Indicators show the past. Price Action "Indicates" the future.
  • #72,297
  • Aug 20, 2010 2:19am Aug 20, 2010 2:19am
Quoting cprao
I see the posibility of adding positions. All because of lower PA is aligned to higher timeframes, right ? Higher timeframe rules..

Yes . . !! It all hinges on the high quality of the setup and the story its telling. And I thought Jonnyisfound's analysis was great.
Indicators show the past. Price Action "Indicates" the future.
  • #72,298
  • Aug 20, 2010 2:28am Aug 20, 2010 2:28am
Quoting Pinbar
Oh, I thought you were referring to the analysis!

The back, it has been horribly hot here these last few days with almost 40c temps and 80% humidity. Even at midnight the temps were like 34C.
So, on Tuesday night, I slept right in front of the air conditioning, I got up in the morning and had this horrible pain between my shoulder blades, like a toothache type pain, breathing was hard because of the pain.

My wife did some Chinese stuff on it but the pain still lingered, at last today it has sorted itself out.

Must have got a chill in my...
Wasn't this the hottest year on record for the globe? I read that somewhere...

Anyways, I don't live in Alaska either. I know how it feels when the temps pop above 40C and no I don't sleep in front of the air conditioner, in fact I don't have it installed in my room. I've opted for super ventilation through 2 huge windows and a fan does the job of keeping the sweat and the horrible mosquitoes away.

Stay cool Pb.

g.
I believe . . .
  • #72,299
  • Aug 20, 2010 2:31am Aug 20, 2010 2:31am
Quoting jarroo
Sweet! Jonnyisfound . .I mean . . .Jonnyislost . . (we got to change that user name).


Thanks for the support Jarroo

Changing my username would probably coincide with a losing streak, overconfidence seems to be a killer in this game

Have a great weekend!
  • #72,300
  • Aug 20, 2010 2:31am Aug 20, 2010 2:31am
Quoting ghous
Wasn't this the hottest year on record for the globe? I read that somewhere...

Anyways, I don't live in Alaska either. I know how it feels when the temps pop above 40C and no I don't sleep in front of the air conditioner, in fact I don't have it installed in my room. I've opted for super ventilation through 2 huge windows and a fan does the job of keeping the sweat and the horrible mosquitoes away.

Stay cool Pb.

g.

Yo g . . .what's up?
Indicators show the past. Price Action "Indicates" the future.
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