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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

  • #83,901
  • Dec 28, 2010 11:08am Dec 28, 2010 11:08am
Quoting g_j_hook@yah
wots FWIW ?
cheers in advance

jon
For what it's worth.
  • #83,902
  • Dec 28, 2010 11:10am Dec 28, 2010 11:10am
Quoting novice198
Hi G,
How can I vote if I don't have a facebook account. Informatively, I don't intend to have facebook account.
BTW someone pointed my to this Sufi song.
http://www.youtube.com/watch?v=gjaH2iuoYWE

Arif Lohar and Meesha combination is JUST AWESOME. A must watch for Music lovers.

Season's Greetings with a happy, healthy and a prosperous 2011 to all members here.
Cheers
Novice
Great Music Video. Being part of that world, I love this.
  • #83,903
  • Dec 28, 2010 11:16am Dec 28, 2010 11:16am
Another look at EUROCAD.

I see PPZ's at 1.3062, 1.2932, 1.2895 and 1.2744. Also, if you pull a fib from the 12.14 high, a fib tool lines up nicely with past price and the PPZ's.

K.I.S.S.
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  • #83,904
  • Dec 28, 2010 11:21am Dec 28, 2010 11:21am
Quoting KissFan
Another look at EUROCAD.

I see PPZ's at 1.3062, 1.2932, 1.2895 and 1.2744. Also, if you pull a fib from the 12.14 high, a fib tool lines up nicely with past price and the PPZ's.

K.I.S.S.
Hello KF, but we want to see BEOB's at swing highs with room to move, not at swing lows right before PPZ? I don't understand, looks as it is about to bounce any minute...
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  • #83,905
  • Dec 28, 2010 11:27am Dec 28, 2010 11:27am
Quoting Adilius07
Hello KF, but we want to see BEOB's at swing highs with room to move, not at swing lows right before PPZ? I don't understand, looks as it is about to bounce any minute...
Sorry about the confusion Adilius. I am just showing the ppz's that are high probability to trade to if you are already in short, or to buy off of later if you so desire. I agree tha a break of this BEOB is not the best selection to trade if you are looking at risk. It is my observation that this mkt moves in an order. I like to see the PPZ's and fib levels in agreement. Personal preference.

Hope that helps.

K.I.S.S.
  • #83,906
  • Dec 28, 2010 11:28am Dec 28, 2010 11:28am
Quoting KissFan
Sorry about the confusion Adilius. I am just showing the ppz's that are high probability to trade to if you are already in short, or to buy off of later if you so desire. I agree tha a break of this BEOB is not the best selection to trade if you are looking at risk. It is my observation that this mkt moves in an order. I like to see the PPZ's and fibs agree.

Hope that helps.

K.I.S.S.
Cool, now is clear. Thanks!
  • #83,907
  • Dec 28, 2010 12:30pm Dec 28, 2010 12:30pm
damn,it seems to early to get in.
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A chart helps those who can read it.
  • #83,908
  • Dec 28, 2010 2:15pm Dec 28, 2010 2:15pm
Quoting Pinbar
This one?
Yeah that's the one.

Remember how Price was approaching the 83.00 level on the Usd/Jpy. At the time, it had a nice confluence with this 83.00 PPZ level . trendline and 50% retracement level . .it was also a RN.

We were expecting Price to react bearishly, (Resistance) due to this confluence. . . It did not. Instead it broke through, closed above and acted as Support. Which it did for awhile until Price broke though and closed below. (Usd/Jpy Daily chart)

Well, the GBP/Nzd did the same thing, only in reverse. (Gbp/Nzd charts)

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Indicators show the past. Price Action "Indicates" the future.
  • #83,909
  • Dec 28, 2010 2:44pm Dec 28, 2010 2:44pm
Quoting geniusztc
hello, jarroo. i am so sorry to reply so late. you know ,there are many exams this week. damn exam. actually, i do NOT think many of the exams are useful to my future.

ok here is how i was thinking when i traded this trades. give me your cirticism. thank you .
http://www.forexfactory.com/showthre...15#post4261715
http://www.forexfactory.com/showthre...84#post4261884

and my charts always different from yours. i do not know why. my broker is alpari. my 4h chart is in the attachment.

I see genniusztc.

Have you read the 1st post of this Thread?

I'm sure you know the importance of the classroom syllabus, as a student. To better understand this material and how to approach it, the 1st post is our syllabus.

Many try to cut corners and bypass it. Only to return to the 1st post and follow it closely. There are many links there to help you through it.
Indicators show the past. Price Action "Indicates" the future.
  • #83,910
  • Dec 28, 2010 2:59pm Dec 28, 2010 2:59pm
Hi Jarroo.. great examples.

I have a problem entering in this kinda of breaks as 60% of the time we dont have a retest and thats when I know or have learned to enter on them.

Could you tell me how do you enter ?

Thx.

This one was the one I spotted yesterday on U/J

Quoting jarroo
Yeah that's the one.

Remember how Price was approaching the 83.00 level on the Usd/Jpy. At the time, it had a nice confluence with this 83.00 PPZ level . trendline and 50% retracement level . .it was also a RN.

We were expecting Price to react bearishly, (Resistance) due to this confluence. . . It did not. Instead it broke through, closed above and acted as Support. Which it did for awhile until Price broke though and closed below. (Usd/Jpy Daily chart)

Well, the GBP/Nzd did the same thing, only in reverse. (Gbp/Nzd charts)

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Trade Smart
  • #83,911
  • Dec 28, 2010 3:06pm Dec 28, 2010 3:06pm
Quoting Osman
Hi Jarroo.. great examples.

I have a problem entering in this kinda of breaks as 60% of the time we dont have a retest and thats when I know or have learned to enter on them.

Could you tell me how do you enter ?

Thx.

This one was the one I spotted yesterday on U/J
60%? Where did you get that percentage?

Are you talking about when Price broke through and closed below the 83.00 on the 4 Hour, Daily or Weekly?
Indicators show the past. Price Action "Indicates" the future.
  • #83,912
  • Dec 28, 2010 3:17pm Dec 28, 2010 3:17pm
Quoting Pinbar
Just going over the EU charts and the PB the big guy took the other day.

I am asking myself aloud, "Why do I have to complicate this ?".

Just look at this chart, 4 lines on it taken from previous S&R areas on the weekly TF.

It seems it is human nature to complicate things and cloud their vision.

This is my next task, removing the self imposed blinkers!

Great chart Pb .. .
Indicators show the past. Price Action "Indicates" the future.
  • #83,913
  • Edited 5:39pm Dec 28, 2010 3:24pm | Edited 5:39pm
Quoting jarroo
60%? Where did you get that percentage?

Are you talking about when Price broke through and closed below the 83.00 on the 4 Hour, Daily or Weekly?
Base on what ive seen... maybe they retest on lower tfs 15mins/30mins.. like SC showed me on previous posts.

Im just talking about breakouts in general..how do you enter ? Do you wait for a retest of jump on them as soon as they break.

Thx.

Os.
Trade Smart
  • #83,914
  • Dec 28, 2010 3:41pm Dec 28, 2010 3:41pm
Quoting Osman
Base on what ive seen... maybe they retest on lower tfs 15mins/30mins.. like SC showed me on previous posts.

Im just talking about breakouts in general..how do you enter ? Do you wait for a retest of jump on them as soon as they brake.

Thx.

Os.
Yes . .I'm sure the percentage changes as it relates to retracements due to it's TF and the level its breaking.

As a general breakout of a level ? . . . . I would prefer PA as its trigger to take a general break out of a level. Like the Inside Bar that followed once Price broke through. This gave a clear Stop Loss placement above the IB or the 83.00. But we had to contend with the Daily Lows, traffic (green lines).

Definitely a viable trade . .strong downward momentum.
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Indicators show the past. Price Action "Indicates" the future.
  • #83,915
  • Dec 28, 2010 3:45pm Dec 28, 2010 3:45pm
Quoting aserbfx
hope you guys had a great xmas.
i have to clean up the mess, now...
lol . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,916
  • Dec 28, 2010 3:48pm Dec 28, 2010 3:48pm
Quoting ghous
You nailed it well enough pin bar.

What you explained in that flurry of posts is practically all there is to it. All we do is combine a pair of slower MAs with faster MAs and notice the reactions off them when price touches them either for the first time after crossing them, or when it pulls towards them after some time.

An important thing to note is that like the j16 style of trading the BASE is also more a method than a system. The rules are not set in stone. You could use a variety of longer term and shorter term MAs. You could touch trade...
Great examples and comments g. . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,917
  • Dec 28, 2010 3:52pm Dec 28, 2010 3:52pm
Quoting Tedge UK
Nothing below daily for me either Mark ,got to be the only way forward,I have been dabbling with so many "systems" and " methods" on 15m and 5m for years and to no avail.J16 is the way to go guys,2011 is gonna be a good year for those who study this thread..Happy and PROSPEROUS new year to all

Welcome Tedge UK . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,918
  • Dec 28, 2010 3:55pm Dec 28, 2010 3:55pm
Quoting Pinbar
If any new people are having problems identifying PA setups, here is a quick chart, you can print out and reference.

Great chart PB . .nice work . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,919
  • Dec 28, 2010 3:58pm Dec 28, 2010 3:58pm
Quoting ghous
Since its Christmas around and the air is taking a break from its usual trading aroma I'd like to ask for a small favor.

Me and my friends have participated in an Ad competition at Uni. The link's at Facebook and it requires 1000 likes before 2011 to clear the first stage of the competition.

Here's what you need to do:

1) In your search bar at Facebook type: " IBA marketing club 2010 - 2011"

2) Like this page

3) Search the page (via the search bar) for "147-Knight Productions-AD-WAR" (Our team and ad ID)

4) Like the ad video.

Spread...

Done . ..
Indicators show the past. Price Action "Indicates" the future.
  • #83,920
  • Dec 28, 2010 4:22pm Dec 28, 2010 4:22pm
Quoting cyborg
Hi Pinbar,

please, could you explain what you mean with Jaroos method?

Thanks a lot!

Chris
Quoting Pinbar
If you click the PPZ basics link in my signature, it will take you to a page with a link to Jarroo's method of drawing PPZ. You know, the resistance, breakthrough then either Support or Resistance price flip on the weekly bars.
Its not really a method . .is more of a way of qualifying a PPZ level as acting as Support or Resistance by how it closes above or below. Once this is established, PA can show us the way . . .Bullish PA at Support . . Bearish PA at Resistance.

Daily Usd/Cad example . .
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Indicators show the past. Price Action "Indicates" the future.
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