james16 Chart Thread

Quoting mbqb11

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great confluenced area to watch at the BRN of 1.55

Keep it simple J16 style folks

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Quoting gungriffin

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Bring the questions on. Chances are good that with the turnover on the forum so high that for every question you may ask there are 25 people who are wondering the same, but will not ask it. I am always happy to help through PM as well. The same goes for everyone else on here as well. It is great to have the questions asked on here for all to follow though.

Ryan

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Quoting jarroo

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Yeah, I agree Pb. The 1.6 has some multi confluences there with a bit of a HCR level. Any retracement back down there is on my watch list . .

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Quoting Pinbar

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Got any tips?

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Quoting jarroo

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Just as predicted Pb . . It would have be nice to have a Lower time frame bullish PA at this level. Using PBT&C Above or Below on the 4 Hour and Hourly at this confluenced Higher time frame level worked out nicely. . .Yes, shorting once PBT&CB this level would got you for a small loss. But when PBT&CA ( which was our bias at this level, meaning a Support level) hit its target nicely.

It did hit its Daily target . .after all, it was a Daily level. ( Targets in blue: Daily High and Daily Close)

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Quoting 5.25

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Thanks Donkey. D1 PB (if closes as is) looks good to me.

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Quoting 5.25

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There is something in this methodology I like Jim. Gold is respecting the daily LCS. A TT at 1683.10 looks tempting.

I have opened a dedicated sub account to this approach, lets see what comes out of it...

Have a good weekend all

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Quoting jarroo

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TT at the 1750.00 was good for a nice bounce. . .sometimes a bounce can lead to a jump. .that could lead to a trend change . . .

Do you mean the 1683.0. HCR level ..Yes I can see price returning to test that level that is now Support.

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Quoting CathS

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Well at this stage I would still recommend everyone doing the exact opposite of what I do & it will pretty much ensure you make $$$ !!!

Seriously though I am still playing with charts that people post here and going over and over the J16 & ICCE "rules" so will probably have lots of questions before any tips of worth. I am still getting used to how helpful everyone here is without asking anything in return (or more as I am used to, without asking for $ up front!!) Thanks heaps for the support and encouragement, I hope to be able to repay some...

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Quoting Pinbar

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Great charts, as always Jim.

Yeah, I did not like the suggestion of taking a long position up to 1.6000.

A large pullback was on the cards.

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Quoting ydaudw

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Thanks for the warm welcome Jaroo
Our feed is different but I got your point there. I add HCR on Daily, I can see it is not able to breakthrough previous HCR.

Attachment

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Quoting Fx7877

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hi Jarroo,
If I'm not mistaken, I think DC was replying to Fascist questions, though I think it did touch on some but not all of my questions. Here's a repost of some of the questions with slight edit:

-Someone asked you abt SL earlier. My question abt SL is how tight do u typically keep it at? Is it always no more than 25-30pips regardless of the TF?

-On touch trade entry: Do u buy at the EXACT HCR or when it comes close to say 5-10pips within HCR as price sometimes comes close by dont touch before turning. What's your buffer?

-Do u set a...

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Quoting jarroo

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Well yes the S/L amounts can be bigger put they still will be 1% to 2% of my account . .meaning if I have a 25 pip S/L or a 50 pip S/L they both represent 2% of my account.

Take the Aud/Usd example. A long and a short. I will place my S/L Above or Below these previous HCR/LCS levels for my hard S/L.

The magenta lines represent the Swing High/Low and their HCR/LCS level. These are secondary HCR/LCS for my S/L placements. The magenta "X" is where I would place my S/L.

The S/L placements may be 25 to 50 Pips away but they all represent 2% of...

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Quoting dropkick-cat

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Jarroo, about the gold chart's LCS. I found this here:



Does this apply here, just that it's "the lower of the two" (support), not higher (resistance)? So a monday bar's Open, if it gaps, can be used as the friday's Close? This is way over my head

Thank you!
dkc

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Quoting jarroo

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You're in at the 1683.10 . .(1682.18 to be exact . .

Right, T?. .

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Quoting 5.25

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You squeezed out more than me! 1683.10 was my level

This really could have been played both ways, 1750.87 holding as D1 LCS turned resistance as well as 1683.10.... ok ok "1682.18" holding as D & W HCR turned Support.

(Attachment)

I will be honest here though Jarroo.... .... I waited for the 1h PA before giving the market my money. The larger the value the safer I trade.

Daily PB looks good

Tomek

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Quoting dropkick-cat

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Hey MTC,



I don't know about the beginning, but here's a very good chart that explains a lot:

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

From that post on, just read on in the thread - there's a lot more to come in those few pages until today.



PF is the Private Forum (http://james16group.us/). It is access restricted, you have to register & pay. The stuff in the guest area alone is probably enough to keep you busy for a week.

Good Luck & Welcome to the thread,
dkc

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Quoting jarroo

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Absolutely T . . Great charts!!

The more confluences that suppport a given level the better . .PA is a nice confluence or better said: Confirmation, that the level is acting as Support.

Price moved from LCS to HCR . . interesting , don't you think? . .

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Quoting 5.25

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It sure is!

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