james16 Chart Thread

Quoting Adilius07

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I think I do understand if I spent a real much time on it. It does work!
But takes a lot of work to do really. Not is that I'm lazy, I think there is a way to make it more simple. Of course I don't know yet as my experience is nothing to yours, but I had a mentor before who showed me a few tricks, and when I apply them they seem to be almost identical really, but really really simple.
It depends on a personality I guess. You take a chart and make a lot of work on it but you can follow less instruments to make perfect trades, but for me is...

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Quoting mbqb11

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Thanks for all the great posts today Jim, we are lucky to have you around

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Quoting jarroo

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Thanks Mike . . . Look who's talking . . . great to have you here.


I think you and James16 created a monster in me. lol

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Quoting Pinbar

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That EG candle ended as a daily BUOB but right below the BRN, the close on the weekly was kind of bearish.

I think we are more likely to see more bearish action. Possibly, it may break the BRN and touch the TL before going kaboom.


EDIT: Good Morning Jaroo, or probably evening where you are. And Many thanks for the exercise Jarroo, I think I need this gentle nudge occasionally as I may wander off in my own train of thought, and I really want to internalize your method much more till it becomes natural. Which will take a long time.

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Quoting jarroo

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Yes the .8500 BRN is a concern . .but both the Daily and Weekly closed above the .8450;our strong confluenced Support level . .and now we have a pinish looking BUOB (remember I like those . ).

So this will be one to watch and/or demo, looking for it to go up beyond the .8500

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Quoting Pinbar

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A Pip Monster.....! LoL


They are both Truly proud of you as we all are, Jarroo.

And that is because they see Year in and Year out, Day in and Day out, how you go out of your way BIG TIME, to give a helping hand to those of us who are stuck in the treacle, as one person recently mentioned.

Not all the senior members do this, I have noticed, they may make general comments, or something like that but they do not get their hands dirty, like you do my friend.

I don't wish to embarrass you but, you are indeed a Great reminder to us all, that...

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Quoting jarroo

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Yes the .8500 BRN is a concern . .but both the Daily and Weekly closed above the .8450;our strong confluenced Support level . .and now we have a pinish looking BUOB (remember I like those . ).

So this will be one to watch and/or demo, looking for it to go up beyond the .8500

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Quoting cprao

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Sorry Jarroo, I would also like to identify flip areas.. hence posting my observations.. before looking your chart or answer. I have identified 4 areas of flip

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Quoting jarroo

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Thanks Pb.

I guess I never forgotten the help they gave me in the beginning . . . James16, Mike, Dialist, Raczekfx, SeekingLight, Bundyraider, Bemac, etc.
they didn't have too.

So I like to take the lead from them . . .plus its alot of fun for me to help and I learn alot as well.

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Quoting Pinbar

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Yes! YES, YEEEEEEES!

I think you hit the nail on the head there Jarroo.

I noticed that trying to help people, even a little, with something that we may have learned and understood just one day ago, is a double win win, situation. It not only helps the other person but, it makes us really think about what we are trying to show them, and helps to consolidate our own learning, if done in the true spirit of helping and not self ego inflation.

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Quoting jarroo

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I saw that with you Pb . . people asking you for help on a minor issue and you helped them. I bet you learned more then they did . .lol

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Quoting Pinbar

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I understand what you are saying.

I am also looking at this as a band rather than a line and can see both sides of the coin. Just out of interest I cleared the chart and looked at it like this.

We can see that the weekly candle closed below the 61.8 fibo and below the resistance band.

Maybe, I am trying to simplify it. Not sure.

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Quoting jarroo

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No that's good, Pb.

I like the very clear, clean, easy to see, obvious, etc . .levels where Price turns from Support to Resistance (or vice versa). Those are the ones that tend to act the strongest.

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Quoting Osman

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Hi Jaroo,

Here is an example i saw this week, on NZD/USD daily chart, let me know if Im correct.

Purple line is a weekly resistance, we can see that it has acted as s/r before, we had a break of it, a re-touch but I didnt saw the retouch candle as a bearish PA, if it would close as bearish candle with a close below the low of the candle that broke resistance, I would have taken a shot at it.

Let me know what you think.

Thx

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Quoting Pinbar

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I see, it is good to know I am not going off track with this train of thought.

But also, it shows me that, I should not have a Fixed opinion as to which way this will break. That is probably the pit fall of PA analysis in as much as, if we are not truly objective and just watch it as an observer as we should do, we can fall into some kind of self hypnosis state which can and does, blind us from what is really going on.

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Quoting jarroo

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Hey Pb, remember the Usd/Jpy 83.00 level. Looks like it still acted as strong Support even after the big fall earlier this week.

Notice the Daily bar on Tues, could not close below the 83.00.

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Quoting Pinbar

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Yes, looks like the 50 fibo acted as support with the 83 RN confluence.
And, now it has closed above our 61.8 fibo and 84 confluence area that we suspected may push this down originally.


The 150 EMA seems to be lining up with the 85.

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Quoting Atc

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