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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

  • #99,321
  • Jul 26, 2011 8:01pm Jul 26, 2011 8:01pm
Quoting jarroo
No worries B . .my last webinar I did a detailed discussion of Silver and PBT&CAor B . . .HCR/LCS.

I plan on doing a more basic video series of S/R . .I probably should have started with that first and foremost.

I like that old idea . .know your target and know your S/L before you hit enter.

Thanks B.

Jim

Of course, I will answer any questions, comments, concerns right here on the good old James16 Chart Thread as well . . .
Indicators show the past. Price Action "Indicates" the future.
  • #99,322
  • Jul 26, 2011 8:36pm Jul 26, 2011 8:36pm
wow my AUD USD trade just took a nice boost
  • #99,323
  • Jul 26, 2011 9:08pm Jul 26, 2011 9:08pm
Quoting deankenny21
wow my AUD USD trade just took a nice boost
Nice trade man Wish it would have hit my PO before rocketing off, oh well. There will be another.
  • #99,324
  • Jul 26, 2011 9:19pm Jul 26, 2011 9:19pm
Ok. Nice Jump in Gold.
We are all evaluating our positions.
I post this because I still feel most of you disregard this as a Pivot.

Pull up a 15 Min Gold.



Midway through that recent Large Bull Candle (*10 bars ago)will be some sort of Support.
Above the Tops previous to the biggy Bar.

Any thoughts on 'Where' If & when...
Don't tell me you don't have a plan... If you don't; then ask. Hmmmm. You Will be surprised... hmmm.
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  • #99,325
  • Jul 26, 2011 9:57pm Jul 26, 2011 9:57pm
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Sated on the Short Grab. Slow Long Accumulation. Starting Now.
Min Purchase as a Tester.
FTA 1623.
Do not Tamper until we arew comfortably in Profit.

B
  • #99,326
  • Jul 26, 2011 10:26pm Jul 26, 2011 10:26pm
This one tempted me for about 5 seconds, so I decided to play where is price going. BEOB, at a swing low (strike one -prefer at swing high). There is a round number and a minor flip zone, but that's it not a lot of story....good looking close though.

Bar retraced to RN which isn't a surprise. I think it goes to Jarroo's LCS near 77.2
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  • #99,327
  • Jul 26, 2011 10:39pm Jul 26, 2011 10:39pm
Quoting Donkey
This one tempted me for about 5 seconds, so I decided to play where is price going. BEOB, at a swing low (strike one -prefer at swing high). There is a round number and a minor flip zone, but that's it not a lot of story....good looking close though.

Bar retraced to RN which isn't a surprise. I think it goes to Jarroo's LCS near 77.2
I wish you the Luck you banked on. Too early fo me to Trade.
My last Trade activity was an Exit. No pressure to get Back IN.
Think. That's all any of us can hope for.
I'll look for Shots at the bottom & beyond.

B,
Mike?
  • #99,328
  • Jul 27, 2011 1:26am Jul 27, 2011 1:26am
Very nice size, nose is sticking out above all previous highs, massive divergence, clear FTA. This should be A+.
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  • #99,329
  • Jul 27, 2011 3:08am Jul 27, 2011 3:08am
Quoting gungriffin
PBT = price breaks through
CA = Closes above
CB = Closes below

HCR = Highest close resistance

LCS = Lowest close support


These are all things that pertain not only to the J16 method as much as Jarroo's awesome trading method. It is more of a breakout style of setup. You will see the above as some of the more important acronyms.

Ryan
Thanks mate
Now the only one thats left as ? is FTA......
  • #99,330
  • Jul 27, 2011 3:12am Jul 27, 2011 3:12am
Quoting kojak
Thanks mate
Now the only one thats left as ? is FTA......
Here's the complete (?) list:

http://www.forexfactory.com/showpost...ostcount=93498
  • #99,331
  • Jul 27, 2011 3:24am Jul 27, 2011 3:24am
Quoting Amart83
Here's the complete (?) list:

http://www.forexfactory.com/showpost...ostcount=93498
Great, thanks mate :-)
  • #99,332
  • Jul 27, 2011 3:41am Jul 27, 2011 3:41am
Quoting deankenny21
wow my AUD USD trade just took a nice boost
Nice one,this is just my interpretation of audusd.
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Nothing personal,just business
  • #99,333
  • Jul 27, 2011 3:57am Jul 27, 2011 3:57am
Quoting supremeChaos
MACD divergence indicator:
try this & this (u need these two, i believe)
Dear SupremeChaos
Many thanks
Nigel
  • #99,334
  • Edited 7:15am Jul 27, 2011 7:13am | Edited 7:15am
  •  Atom
  • | Joined Jul 2010 | Status: An atom..no more..probably less! | 44 Posts
Hi everybody,
There is an I4b on Eurchf daily (yesterday's candle). if price closed below 1.1500 I think a short trade (with trend) would be valid with 1.1420 target.

What do you think? appreciate your opinions.
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  • #99,335
  • Jul 27, 2011 7:54am Jul 27, 2011 7:54am
Hi guys,

How are you all. Guys i still didnt fully understand the working of FTA.I get FTA almost near to every low or high wicks of the important support and resistance level. plz explain me FTA and anyone have round number indicator
  • #99,336
  • Jul 27, 2011 8:07am Jul 27, 2011 8:07am
Quoting Donkey
This one tempted me for about 5 seconds, so I decided to play where is price going. BEOB, at a swing low (strike one -prefer at swing high). There is a round number and a minor flip zone, but that's it not a lot of story....good looking close though.

Bar retraced to RN which isn't a surprise. I think it goes to Jarroo's LCS near 77.2

Hey D . .many took this one a bit earlier . .I would have liked to have seen a deeper Swing Low but a vaild setup nonetheless. Daily targets in Blue.

Yes, I like that 77.25 target . .
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Indicators show the past. Price Action "Indicates" the future.
  • #99,337
  • Jul 27, 2011 8:10am Jul 27, 2011 8:10am
Quoting jarroo
This HCR level at a minor Swing High (back in April) is in play currently .. a good target and/or to see PBT&CA.

Interesting indeed .. .
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Indicators show the past. Price Action "Indicates" the future.
  • #99,338
  • Jul 27, 2011 8:21am Jul 27, 2011 8:21am
Quoting jarroo
Interesting indeed .. .
Hi Jarroo,

I have a question concerning the levels of support and resistance that you draw on your charts. I don't understand what are the levels that have the most importance to your eyes: the open/close of the bars or the high/low of the bars.

Thank you for your feedback.
  • #99,339
  • Jul 27, 2011 8:24am Jul 27, 2011 8:24am
Quoting featurelion
Hi guys,

How are you all. Guys i still didnt fully understand the working of FTA.I get FTA almost near to every low or high wicks of the important support and resistance level. plz explain me FTA and anyone have round number indicator
Hey Feature

The FTA can be any area that we deem as the first point of interest that can give a trade trouble. This varies from situation to situation. Many times it can be a near bar high/low flip, a round number, or some other area. It's best to try to define these areas from situation to situation rather then one such thing.

Here is the round number indicator I use
http://www.forexfactory.com/attachme...02010%204:37pm

Best
Mike
  • #99,340
  • Jul 27, 2011 8:39am Jul 27, 2011 8:39am
Quoting dede777
Hi Jarroo,

I have a question concerning the levels of support and resistance that you draw on your charts. I don't understand what are the levels that have the most importance to your eyes: the open/close of the bars or the high/low of the bars.

Thank you for your feedback.
I define my S/R by key levels in the market. . .Mike talks about the deep Swing Highs/Lows in the market as being one of these key market levels.

I do look and the Highs and Lows as they are what make up PPZ levels. But I will look at the Closes of these levels as a pivotal point or transitional point where Price can transition from Support to Resistance or vice versa . let me get a chart . . .
Indicators show the past. Price Action "Indicates" the future.
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