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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

  • #101,521
  • Sep 12, 2011 8:30pm Sep 12, 2011 8:30pm
Looks like we have a similar live situation on EJ.

Let's see how it plays out.

What fun, this has motivated me greatly.

Funny, I was previously confused with Jarroo's method and after going back to Mike's RN basics, the two methods seem to have clicked.
Of course, the two methods were always really both the same, it is our perception of them that changes.

What a great thread with caring and freely giving people.
This is why the J16 thread will always remain the greatest trading methodology, that exists.
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  • #101,522
  • Sep 12, 2011 8:42pm Sep 12, 2011 8:42pm
Hello,

I've been seeing posts about Jaroo's methodology, i've been trying to search the forum for it but cant seem to find it, can anyone provide the links to Jarroo's important posts? Don't want to be left out.

Thanks


Quoting Pinbar
I have been thinking about Jarroo's & Mikes methodology quite a bit recently and at last I understand that the two can work well hand in hand.

This monthly HCR combined with the bounce was very interesting.
  • #101,523
  • Sep 12, 2011 9:05pm Sep 12, 2011 9:05pm
Quoting mdafif
Hello,

I've been seeing posts about Jaroo's methodology, i've been trying to search the forum for it but cant seem to find it, can anyone provide the links to Jarroo's important posts? Don't want to be left out.

Thanks
Sure, it is in one of the links in my signature.

Jarroo's PPZ explanation. Read this till you go BLIND, & then read it again!
http://www.forexfactory.com/showpost...ostcount=79379
  • #101,524
  • Sep 12, 2011 9:08pm Sep 12, 2011 9:08pm
oh that one! Yes, that is a good one, i just thought there were more golden posts.

thanks pb.


Quoting Pinbar
Sure, it is in one of the links in my signature.

Jarroo's PPZ explanation. Read this till you go BLIND, & then read it again!
http://www.forexfactory.com/showpost...ostcount=79379
  • #101,525
  • Sep 12, 2011 9:10pm Sep 12, 2011 9:10pm
Quoting mdafif
oh that one! Yes, that is a good one, i just thought there were more golden posts.

thanks pb.
Oh, you already saw that.

Well, most of Jarroo's posts contain the information about his methodology.
Find a random Jarroo post and then click on his user name, from there, you can click on posts and go through them. Be warned, there are a lot.
  • #101,526
  • Sep 12, 2011 9:20pm Sep 12, 2011 9:20pm
yes, no kidding on that one
i will try to do that, thanks for the suggestion pb.


Quoting Pinbar
Oh, you already saw that.

Well, most of Jarroo's posts contain the information about his methodology.
Find a random Jarroo post and then click on his user name, from there, you can click on posts and go through them. Be warned, there are a lot.
  • #101,527
  • Sep 12, 2011 9:24pm Sep 12, 2011 9:24pm
I refer to those areas as “consolidation zones", a place where price is figuring out direction and it can brake above or below and either have new direction or prevailing trend continues. You can identify them and have a way of either staying away until direction becomes apparent or trade them without trend from resistance to support and vice versa. Personally I stay out of them most of the time but not always.
  • #101,528
  • Sep 12, 2011 9:39pm Sep 12, 2011 9:39pm
Quoting ashag28
I refer to those areas as “consolidation zones", a place where price is figuring out direction and it can brake above or below and either have new direction or prevailing trend continues. You can identify them and have a way of either staying away until direction becomes apparent or trade them without trend from resistance to support and vice versa. Personally I stay out of them most of the time but not always.

Yeah, agree totally.

That is what I am trying to work out with this USD/CAD only I am looking at the H1 TF for confirmation either way.

I am leaning towards it going North but am open to price suggesting differently.
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  • #101,529
  • Sep 12, 2011 9:49pm Sep 12, 2011 9:49pm
Quoting BigJay
Hey guys,
thanks for ur replies i jumped into this trade too fast well i still get excited when i see a possible trade i have to work on that. it wasnt an outside bar i noticed that after i got into the trade it's a pinbar if we add those 2 candles though . now my initial plans was to enter on the high of the bull candle and exit just below the 1.37 so i used the 1.3690 for tp. so if i had left it like that i would have got approx 100pip but my worst bad habit is to watch my trade so when i saw it stalling on breakeven i closed it, and...
The hardest part in all of this for sure has been taming my mind. I am not 100% there, but I am nicely on my way. The items you mention ring a bell from when I began The biggest part of all of this is not to not make mistakes, but to ensure that you learn from them when they are made. Sounds like you are on your way too

Ryan
  • #101,530
  • Sep 12, 2011 9:52pm Sep 12, 2011 9:52pm
I do not take trade just because it bounced from 1.0000, it is very tempting but risk not worth the reward also I hold an opinion that resistance or support is there to be broken and as long as trend is well defined I stick with it. I see a lot of support coming from around 0.9900. The whole area from 0.9950ish to 0.9750 is a mess, but if I see it forming a continuation pattern LONG from 0.99 and it gives me a candle I can GRAB, Im there.
  • #101,531
  • Sep 12, 2011 9:56pm Sep 12, 2011 9:56pm
If i see a FIB and a candle I can grab on the way south for CAD Im there also.
But it has to be something that manes sense.
  • #101,532
  • Sep 12, 2011 10:17pm Sep 12, 2011 10:17pm
Anyone having trouble on an IBFX demo account?
My FXDD live account is fine but, when I switch TFs from D1 to H4 or H1 on IBFX, the chart does not refresh for a long time. Over 5 mins and then I get a single candle till the rest of the data comes in. It is also going off line a great deal.
My Internet connection is fine and surfing the web is no problem.
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  • #101,533
  • Sep 12, 2011 10:26pm Sep 12, 2011 10:26pm
Quoting Pinbar
Anyone having trouble on an IBFX demo account?
My FXDD live account is fine but, when I switch TFs from D1 to H4 or H1 on IBFX, the chart does not refresh for a long time. Over 5 mins and then I get a single candle till the rest of the data comes in. It is also going off line a great deal.
My Internet connection is fine and surfing the web is no problem.
Hmmm... I do not have IBFX, but both my Oanda and FXPro feeds are fine as well.
  • #101,534
  • Sep 12, 2011 11:15pm Sep 12, 2011 11:15pm
Quoting gungriffin
Hmmm... I do not have IBFX, but both my Oanda and FXPro feeds are fine as well.
Thanks
But, I really need an IBFX comparison.
  • #101,535
  • Sep 12, 2011 11:23pm Sep 12, 2011 11:23pm
Quoting Pinbar
Anyone having trouble on an IBFX demo account?
My FXDD live account is fine but, when I switch TFs from D1 to H4 or H1 on IBFX, the chart does not refresh for a long time. Over 5 mins and then I get a single candle till the rest of the data comes in. It is also going off line a great deal.
My Internet connection is fine and surfing the web is no problem.
hey,steve .i do not use IBFX,but i have the platform in my computer . when i refreshed the chart ,it is also SLOW ,too. but i can get the chart after several minutes.
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A chart helps those who can read it.
  • #101,536
  • Sep 13, 2011 12:11am Sep 13, 2011 12:11am
Quoting geniusztc
hey,steve .i do not use IBFX,but i have the platform in my computer . when i refreshed the chart ,it is also SLOW ,too. but i can get the chart after several minutes.

Hmm, must be something wrong at the IBFX end.

Thanks Gen
  • #101,537
  • Edited 3:41am Sep 13, 2011 1:17am | Edited 3:41am
NOTE: THIS IS NOT A TRADE RECOMMENDATION!
It is simply an exercise in understanding S&R.

Nothing to do today so, as someone asked, I thought I would do a very basic and brief chart on Jarroo's methodology.

Please remember this is a very basic description and limited by my own stage of understanding.
If it wets someones appetite to study more of Jarroo's stuff, it will have served it's purpose.
Hopefully Jarroo will correct any discrepancies he finds.

EDIT: Anyway, you can get the idea from looking at the updated Daily chart.
Nobody should have been caught in this draw down from that daily BEOB as it only broke for 3 pips.
If a proper buffer had been applied, nobody would have been in the trade.
Not that the BEOB is no invalid, it is still valid till the back of it brakes.
Price could just be testing the previous bar low to the BEOB, which it often does.
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  • #101,538
  • Edited 3:17am Sep 13, 2011 2:53am | Edited 3:17am
Follow up to the post above.

H4 shows clearly where it bounced near to the upper PPZ zone.

Very interesting scenario.

Update: I am watching this play out on the H4 TF.
Now, let's see if these H4 Highest Close of support & resistance come into play.

EDIT: The 50 fibo is going to be the next challenge.
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  • #101,539
  • Sep 13, 2011 3:47am Sep 13, 2011 3:47am
The interesting thing about this bounce is, there is a Daily BEOB, an H4 BEOB & an H1 BEOB. Even in the face of all those positive factors, Jarroo's methodology showed us the very real possibility that it could break bullish, in the other direction.

Good for you Jarroooooooooooooooooooooooooo
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  • #101,540
  • Sep 13, 2011 4:11am Sep 13, 2011 4:11am
Just a little somehting for the James 16 group to think about....

"To make money trading, you do not need to forecast the future. You need to extract information from the markets and find out if the bulls or bears are in control.

You need to measure the strength of the dominant group and decide how likely the current trend is to continue.

You must practice strict money management aimed at long term survival and profit accumulation.

You have to observe how your mind works and avoid slipping into greed or fear. DR. Alexander Elder"

I used to think trading was about making money. Now I think trading is about consistency and discipline. If you can trade successfully money will follow.
I live in a pineapple under the sea.
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