james16 Chart Thread | Page 5176 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #103,501
  • Oct 25, 2011 3:29am Oct 25, 2011 3:29am
Quoting jarroo
Awesome Pb!! . . . .Higher time frame levels traded on lower time frame . .that's how I roll . .

Thanks Jaroo but we all know, it is YOU whom is Really Awesome.

I am just a trainee.
  • #103,502
  • Oct 25, 2011 4:02am Oct 25, 2011 4:02am
Quoting pex
hi all
jarro,have a question about this trade you took....
you entered without PA?
where did you put SL?
thanks

Here is probably where Jarroo's SL was.

Sure he entered without PA, he is touch trading the pullback to the PPZ that price closed above on the daily time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 156 KB
  • #103,503
  • Oct 25, 2011 4:09am Oct 25, 2011 4:09am
Quoting Pinbar
Here is probably where Jarroo's SL was.

Sure he entered without PA, he is touch trading the pullback to the PPZ that price closed above on the daily time frame.
i thought it was below bottom of the previous bar....
ok,thanks a lot Pinbar
  • #103,504
  • Oct 25, 2011 4:12am Oct 25, 2011 4:12am
Quoting decentchap
Hi guys can you please direct me to any posts discussing the methodology of lcs hcr? Mainly on how to derive them?
This has probably been the most asked question since I joined. AFAIK most seldomest answered, too
(maybe because it's also up there as the most often asked question ever, but dunno, I'm not yet further in the thread than p. 1640 ).

Anyway, here's a recent post from the chief himself:

http://www.forexfactory.com/showthre...62#post5036262

Then, just look at every graph that Jarroo's ever posted and you'll be fine.

dkc
  • #103,505
  • Edited 8:06am Oct 25, 2011 4:29am | Edited 8:06am
Quoting pex
i thought it was below bottom of the previous bar....
ok,thanks a lot Pinbar
I am just holding the fort till the man gets back.
But, basically this chart explains very Simply on the Daily chart, what he is doing. When we really understand them, these areas are flips in S&R just like PPZ. Jarroo is just qualifying them in a slightly different manner.

Well, I do not know for sure where his SL was but, I know for sure Jarroo likes to have a tight SL and catch a move with great potential movement.

This entry is not like a regular PA entry wit the SL below the PA bar.

Jarroo is touch trading.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 183 KB
  • #103,506
  • Oct 25, 2011 4:32am Oct 25, 2011 4:32am
Quoting dropkick-cat
This has probably been the most asked question since I joined. AFAIK most seldomest answered, too
(maybe because it's also up there as the most often asked question ever, but dunno, I'm not yet further in the thread than p. 1640 ).

Anyway, here's a recent post from the chief himself:

http://www.forexfactory.com/showthre...62#post5036262

Then, just look at every graph that Jarroo's ever posted and you'll be fine.

dkc
Thanks dkc mate ,

I realilised that I was being lazy so I decided to search this thread by those keywords HCR and LCS and going through the posts one by one.
Trading is a test match not a Twenty20.
  • #103,507
  • Oct 25, 2011 4:45am Oct 25, 2011 4:45am
Quoting Pinbar
I am just holding the fort till the man gets back.
But, basically this chart explains very Simply on the Daily chart, what he is doing.
and there i was saying... nevermind...

PB to the rescue, great chart, thanks!

dkc
  • #103,508
  • Oct 25, 2011 5:08am Oct 25, 2011 5:08am
Quoting dropkick-cat
and there i was saying... nevermind...

PB to the rescue, great chart, thanks!

dkc
Still wrestling with reading the thread eh?

Good job.

You can do it in 3 months if you stop work and put in 12-15 hours a day, like I did. Nearly turned me blind, then I read some more. As Mike recommends.

Did you notice how Jarroo put the trade on then went out saying, "let me know how it goes".
Like he doesn't know how it will go! LOL
  • #103,509
  • Edited 6:08am Oct 25, 2011 5:48am | Edited 6:08am
Quoting jarroo
Euro . .in at 1.3884

Edit: got to go for now . .let me know how it turns out . .
"Let me know how it turns out"!

Almost sounds as if you didn't know how it would turn out before you left home. Note, I said ALMOST!



You can't fool us!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 56 KB
  • #103,510
  • Oct 25, 2011 6:39am Oct 25, 2011 6:39am
Don't take this the wrong way folks.
I am only showing this on the M5 TF because it is live & so, anyone interested can follow it live. Jarroo is using weekly and daily closes.

The H1 candle on USD/CAD just closed below the 1.000 parity area on USD/CAD.

With a 2 pip stop Loss above the HCR on M5, a touch trade on the pullback would have have hit its target, the hourly low & made 10 pips profit.

This is just a micro view of what Jarroo is doing.

EDIT: Will the low hold, we have to wait and see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5tt.jpg Size: 158 KB
Click to Enlarge Name: low.jpg Size: 159 KB
  • #103,511
  • Oct 25, 2011 7:09am Oct 25, 2011 7:09am
Quoting Pinbar
I am just holding the fort till the man gets back.
But, basically this chart explains very Simply on the Daily chart, what he is doing. When we really understand them, these areas are flips in S&R just like PPZ. Jarroo is just qualifying them in a slightly different manner.

Well, I do not know for sure where his SL was but, I know for sure Jarroo likes to have a tight SL and catch a move with great potential movement.

This entry is not like a regular PA entry withe SL below the PA bar.

Jarroo is touch trading.
all i can say is
  • #103,512
  • Oct 25, 2011 7:20am Oct 25, 2011 7:20am
Quoting pex
all i can say is

Well, we were stopped out but, you can see the logic behind this setup even though, an H1 close below an area like this one is not one we would take.
We are looking for a daily close below this area that will potentially make it a stronger area.
If you expand this to the daily close below or above, you basically have the idea of what Jarroo is doing & indeed what he did on that EU trade he just took. The H1 Low basically shows J16s this is critical and that we MUST make a decision at these areas such as, taking full or partial profit and or moving the SL to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: out.jpg Size: 111 KB
  • #103,513
  • Oct 25, 2011 8:01am Oct 25, 2011 8:01am
Actually, News is driving this pair right now so perhaps this was not a good choice in pairs to do this with.
Attached Image (click to enlarge)
Click to Enlarge Name: news.jpg Size: 103 KB
  • #103,514
  • Oct 25, 2011 8:20am Oct 25, 2011 8:20am
Maybe this news on USD/CAD will give us a nice daily bullish PB at this great area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w.jpg Size: 160 KB
Click to Enlarge Name: d.jpg Size: 113 KB
  • #103,515
  • Oct 25, 2011 8:22am Oct 25, 2011 8:22am
about as strong confluence as you can ask for.

Lots of options

Touch trade(killer)

1hr triple bar low higher close(happened fast so be careful on the fill and set bounds)

I'm watching the 4hr up to the daily now as well(so if you are trading the daily/weekly only as James and the rest of us recommend when starting out, go and mark these areas up just like Picon did a few pages back. Then wait for PA at these areas and keep it simple! )


Best
Mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a2.gif Size: 29 KB
Click to Enlarge Name: a3.gif Size: 18 KB
  • #103,516
  • Oct 25, 2011 8:28am Oct 25, 2011 8:28am
Quoting mbqb11
about as strong confluence as you can ask for.

Lots of options

Touch trade(killer)

1hr triple bar low higher close(happened fast so be careful on the fill and set bounds)

I'm watching the 4hr up to the daily now as well(so if you are trading the daily/weekly only as James and the rest of us recommend when starting out, go and mark these areas up just like Picon did a few pages back. Then wait for PA at these areas and keep it simple! )


Best
Mike
Was watching this again before I went out again this morning. Not confident enough to take a lower TF touch trade, so gonna wait for the higher TF set up.
  • #103,517
  • Oct 25, 2011 8:33am Oct 25, 2011 8:33am
Quoting mbqb11
about as strong confluence as you can ask for.

Lots of options

Touch trade(killer)

1hr triple bar low higher close(happened fast so be careful on the fill and set bounds)

I'm watching the 4hr up to the daily now as well(so if you are trading the daily/weekly only as James and the rest of us recommend when starting out, go and mark these areas up just like Picon did a few pages back. Then wait for PA at these areas and keep it simple! )


Best
Mike

We are getting closer to being on the same page, thanks to J16 and all you great people. Many, many thanks Mike for keeping on at me about those boxes I used to hate. LOL
  • #103,518
  • Oct 25, 2011 8:38am Oct 25, 2011 8:38am
Quoting picon1
Was watching this again before I went out again this morning. Not confident enough to take a lower TF touch trade, so gonna wait for the higher TF set up.
exactly what you should be doing P

Good job

Mike
  • #103,519
  • Oct 25, 2011 8:39am Oct 25, 2011 8:39am
Quoting Pinbar
We are getting closer to being on the same page, thanks to J16 and all you great people. Many, many thanks Mike for keeping on at me about those boxes I used to hate. LOL
This stuff isn't that difficult, but you gotta work hard and spend a lot of time studying and learning, just as you are Pin. It's there for those who want it

Keep at it buddy
Mike
  • #103,520
  • Oct 25, 2011 9:39am Oct 25, 2011 9:39am
Hi Guys,
Last Monday (I am residing in GMT+8hrs ime zone area) I opened a Long trade on AUDCHF pair on Oanda and was shocked to see the spread of 16.5 pips. It was about 30 mins after the market opened. Under normal circumstaces the spread on Oanda is 6 to 6.5 pips which would be the case when I close the trade (assuming the trade is closed when no high impact news is announced). Is my understanding correct that I have paid 10pips add brokerage for this trade and if I happen to close this trade during high impact news I may again pay additional brokerage vis a vis had I been able to enter and exit the trade with 6.5 pips spread while opening and closing the trade.
Cheers
novice
39 traders viewing now