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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

  • #103,001
  • Oct 12, 2011 5:28pm Oct 12, 2011 5:28pm
Quoting Donkey
Nicely confluenced area....32/62 fib, ppz at BRN 5.700, First Time Back to 150ema

Nice bar shape with strong close...
However bar is small and could have tested previous low better. If it breaks it goes to minor ppz marked on chart 2.
This one barely broke, but it did break...so this is a a WIPG miss for me.
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  • #103,002
  • Oct 12, 2011 5:41pm Oct 12, 2011 5:41pm
Quoting Donkey
Potential 4H head and shoulders forming on GBPAUD....although the BUOB is going against.
Nice break of the Neckline of the HNS pattern...Don't know that it will make it all the way to the bottom of the magenta area, but it definitely made FTA...no significant PA to get in for me though.
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  • #103,003
  • Oct 12, 2011 5:51pm Oct 12, 2011 5:51pm
Quoting TransPorter
Comment's Guy's on CHF and AUD
Thoughts on AU....it would be a continuation BUOB, but they are tricky to play.

Pros: are large bar, and straddling PPZ at BRN parity.
Cons: weak close IMO. It rejected strongly at the PPZ at RN 1.0200.

I wouldn't be surprised to see some more upside, but I wouldn't be surprised to see price reverse back either. In the end the close kills it for me.
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  • #103,004
  • Oct 12, 2011 7:45pm Oct 12, 2011 7:45pm
Wow, EU is turning into a much better mentor than, I first thought.

It is no surprise why it has stopped and lingered at this area.
Unlike the EJ setup, I have the feeling it has greater potential.
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  • #103,005
  • Oct 12, 2011 7:47pm Oct 12, 2011 7:47pm
Quoting Donkey
My order on the weekly bar triggered overnight for EURAUD (post here http://www.forexfactory.com/showthre...69#post5022969 ) .... and has had a pretty nice break. I'll be tightening stop today (post chart later). Depending on how much I tighten stop and today's close, I may considering adding to my position via that daily bar.
Price has gone to FTA at the RN of 1.3500 on this entry so I am reducing some of my risk.
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  • #103,006
  • Oct 12, 2011 8:18pm Oct 12, 2011 8:18pm
This is my thinking on the weekly chart.

Any opinions Negative or Positive, greatly welcome.
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  • #103,007
  • Oct 12, 2011 9:15pm Oct 12, 2011 9:15pm
Great level on the Usd/CHF, .8920ish. Notice the nice line up of the Highs, Lows, HCR and LCS levels lining up . .Strength.

Not a bad place to add to your Weekly PB entry . .

Wow I got alot to catch up . .thread is moving as always . .
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Indicators show the past. Price Action "Indicates" the future.
  • #103,008
  • Oct 12, 2011 9:30pm Oct 12, 2011 9:30pm
Quoting Donkey
Price has gone to FTA at the RN of 1.3500 on this entry so I am reducing some of my risk.
Cool ! I was in the same trade.. but my target was 1.3480 & closed.
  • #103,009
  • Oct 12, 2011 10:22pm Oct 12, 2011 10:22pm
I received an email from a Mark but I am getting a bounce back when I try to reply.

If you see this here is my answer

Hey Mark

Thanks for the nice comments.

I believe what you are asking(if I am wrong just email me back) is if a bar closes above a PPZ(price pivot zone) that we can use that as a trigger? That could be the case, but it really depends on the setup. We want to use the PPZ as part of the piece to the puzzle. I have attached a chart of what I mean.

As for day charts. I use a 5pm et NY close. I believe this is sort of the unofficial official close so I like to use that. But many people tend to use anything from 5-8pm et. It won't have as big of an effect as you might think since we still must analyze the situation and price is still price. The difference in look is the aggregation of that price.

Hope this helps
Mike
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  • #103,010
  • Oct 12, 2011 10:34pm Oct 12, 2011 10:34pm
Quoting Pinbar
Do we have a very simple Jarroo setup on AU.

Weekly PB to support the daily PBT&CA.

Trying to make it even simpler.

EDIT: I just moved the SL, it was a little too tight.
Great charts Pinbar . . IBFX had a great entry on this setup. Nice HCR and Highs(ish) lining up.

Looks like you had a big buffer of 76.18. The 75.95 or even the 75.87 would have been nice. .

You got to love those "crazy crosses" . . ..
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Indicators show the past. Price Action "Indicates" the future.
  • #103,011
  • Oct 12, 2011 10:39pm Oct 12, 2011 10:39pm
Quoting darxtar
Hello Pinbar,

I very much appreciate your posted graphs, thanks for them Unfortunately it is a little bit difficult for me to understand all of the abbreviations. If I understand it correctly, they come from Jarroo's methodology - may I kindly ask you, to post some link, where I can learn more about this methodology?



@everybody and mostly James16: I would like to thank you all for participating in this thread. I think knowledge in this thread is one of a huge value. I am also demo-ing, hopefully in some time I will manage it to the 3...

Here's one of my better charts that tells it all . . not only the abbreviations but the setups as well.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #103,012
  • Oct 12, 2011 10:43pm Oct 12, 2011 10:43pm
Quoting Donkey
Potential 4H head and shoulders forming on GBPAUD....although the BUOB is going against.
half way there, D . .nice . . .
Indicators show the past. Price Action "Indicates" the future.
  • #103,013
  • Oct 12, 2011 10:58pm Oct 12, 2011 10:58pm
Quoting TransPorter
Hi benem, if I may... If you look on my attached chart (EUR/USD Daily TF) you can see that 1.3580 is acting PPZ. So IMHO the 4 hour BEOB is seating on a support level. Just to let you know, i'm still a newbie so don't trust me.


Very nice . .TransPorter . .

That 1.3580ish level lines up with a LCS level, some Lows, a bit of a HCR level . .nice strong level . . .much like the .8920ish level on the Usd/Chf.

Nice work . .
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Indicators show the past. Price Action "Indicates" the future.
  • #103,014
  • Oct 12, 2011 11:02pm Oct 12, 2011 11:02pm
Quoting Donkey
Price has gone to FTA at the RN of 1.3500 on this entry so I am reducing some of my risk.
Looking good, D . .
Indicators show the past. Price Action "Indicates" the future.
  • #103,015
  • Oct 12, 2011 11:10pm Oct 12, 2011 11:10pm
Quoting Pinbar
This is my thinking on the weekly chart.

Any opinions Negative or Positive, greatly welcome.

can't see anything to disagree with PB. I really like the 1.4000 area if it makes it - wkly hcr at swing high with BRN/retracement confluence is a great area to watch.

the bar low to the left on the weekly chart looks like it might be an obstacle. on daily I define what looks to be a strong approx 50p (1.3827 - 1.3875) ppz defined by 2 hcrs lining up with the 365 that I would like to see price close above. If it does then 1.4000 is likely.

Looking more closely at that area...short setup???? Interesting to watch.
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  • #103,016
  • Oct 12, 2011 11:22pm Oct 12, 2011 11:22pm
Quoting cprao
Cool ! I was in the same trade.. but my target was 1.3480 & closed.
Great trade. This is trading right into the consolidation area, which is a double-edged sword and tricky to manage. IMO Safest play is taking profit at FTA - which it looks like you did.
  • #103,017
  • Oct 12, 2011 11:28pm Oct 12, 2011 11:28pm
Quoting Donkey

Looking more closely at that area...short setup???? Interesting to watch.
Looking at that daily HCR1 at 1.3827 on a lower time frame, price already gave the first bounce at the area. Divergence on 15minute, with the daily HCR - I'm personally not ready for that (still learning to trust the levels).
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  • #103,018
  • Oct 12, 2011 11:58pm Oct 12, 2011 11:58pm
just received a PM about a 4hr beob, posting chart here for that member

also don't forget the j16 minimum requirements, sticking to that daily/weekly first. It helps greatly if you ask me

Best
Mike
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  • #103,019
  • Oct 13, 2011 1:02am Oct 13, 2011 1:02am
Quoting Donkey
Thoughts on AU....it would be a continuation BUOB, but they are tricky to play.

Pros: are large bar, and straddling PPZ at BRN parity.
Cons: weak close IMO. It rejected strongly at the PPZ at RN 1.0200.

I wouldn't be surprised to see some more upside, but I wouldn't be surprised to see price reverse back either. In the end the close kills it for me.
Thank you for your thoughts Donkey!! It could have been better if it closed above the PPZ, huh?!


Quoting jarroo


Very nice . .TransPorter . .

That 1.3580ish level lines up with a LCS level, some Lows, a bit of a HCR level . .nice strong level . . .much like the .8920ish level on the Usd/Chf.

Nice work . .
Thank you Jim. You are the one who deserve a
  • #103,020
  • Oct 13, 2011 1:03am Oct 13, 2011 1:03am
Quoting mbqb11
just received a PM about a 4hr beob, posting chart here for that member

also don't forget the j16 minimum requirements, sticking to that daily/weekly first. It helps greatly if you ask me

Best
Mike
Thank you very much mike for the quick respond.

I'm realize the minimum requirements and had been sticking in daily timeframe but I didn't get much trade. Try to go under H4 to get more trade.

I also want to ask again about DAILY A/U and N/U. In chart, it shown that this two Pinbar didn't close above RN.

For A/U The PB is huge enough, it's support by BRN 0.9500 but the close is under 0.9600 also facing a hard downtrend, so I skip this trade.
http://www.forexfactory.com/attachme...1&d=1318485539

For N/U it's support by RN 0.77 (not shown) and EMA365, but didn't close above 0.78. The bold line is a ppz (draw in weekly TF). so I skip this trade
http://www.forexfactory.com/attachme...1&d=1318485560

My problem is I always skip the trade when the bull PA doesn't close above RN and bear PA not close below RN. How to deal with this?

wins
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