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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

  • #104,141
  • Nov 7, 2011 9:36pm Nov 7, 2011 9:36pm
Quoting mbqb11
Man I would love this to squeeze down even more, I think you know why of course

Nice charts tonight D

Mike
Thanks Mike. What do you think of GU long term. Might be curve fitting some, but it looks to wedging down quite a bit. Higher Lows and Lower Highs....

First quarter next year could be setting up for some nice volatility on the US pairs.
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  • #104,142
  • Nov 7, 2011 9:38pm Nov 7, 2011 9:38pm
Quoting Donkey
Thanks Mike. What do you think of GU long term. Might be curve fitting some, but it looks to wedging down quite a bit. Higher Lows and Lower Highs....

First quarter next year could be setting up for some nice volatility on the US pairs.
Perfect my friend. You got this down good


Best
Mike
  • #104,143
  • Nov 7, 2011 11:03pm Nov 7, 2011 11:03pm
a big happy bday to the man who started a truly amazing thread that has changed so many of our lives for the better, and continues to for so many new faces


Happy bday James
  • #104,144
  • Nov 8, 2011 12:32am Nov 8, 2011 12:32am
Quoting Donkey
Thanks Mike. What do you think of GU long term. Might be curve fitting some, but it looks to wedging down quite a bit. Higher Lows and Lower Highs....

First quarter next year could be setting up for some nice volatility on the US pairs.

Now that is one nice wedge... That could be one hell of a good setup.
  • #104,145
  • Nov 8, 2011 12:47am Nov 8, 2011 12:47am
Quoting mbqb11
a big happy bday to the man who started a truly amazing thread that has changed so many of our lives for the better, and continues to for so many new faces


Happy bday James
Happy Birthday James..

Many more birthday candles to come for BIG GUY!!!

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  • #104,146
  • Nov 8, 2011 12:57am Nov 8, 2011 12:57am
Quoting mbqb11
a big happy bday to the man who started a truly amazing thread that has changed so many of our lives for the better, and continues to for so many new faces


Happy bday James

Wow... Hard to believe that it is already his birthday again. Feels like it was about a month or two ago that we were wishing him well. Happy Birthday James. Hope that it is a great one!

Ryan
  • #104,147
  • Nov 8, 2011 1:07am Nov 8, 2011 1:07am
Quoting Donkey
Thanks Mike. What do you think of GU long term. Might be curve fitting some, but it looks to wedging down quite a bit. Higher Lows and Lower Highs....

First quarter next year could be setting up for some nice volatility on the US pairs.
I did not notice the G/U wedge, but I've been watching E/G for a while. Am I right to recognize this as a wedge formation?
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  • #104,148
  • Nov 8, 2011 1:42am Nov 8, 2011 1:42am
Quoting darxtar
I did not notice the G/U wedge, but I've been watching E/G for a while. Am I right to recognize this as a wedge formation?

Looks good to me. I have 3 very basic personal rules for wedges:
1) I want to see a min of 3 touches. I definitely prefer to see more, but that is the min.
2) I also look for the touches not to protrude out of the wedge by too far. I prefer to see them not protrude by any, but I do allow for a slight bit of protrusion.
3) I like to see it ranging top to bottom for the 3 touches and consolidating into tighter and tighter touches.

The chart that you put up there seems to tick all of the above boxes for me. The only qualifier that could look slightly better to me is number 3. I would prefer for it to have ranged top to bottom one more time, but that is just the OCD in me coming out.
  • #104,149
  • Nov 8, 2011 1:51am Nov 8, 2011 1:51am
Quoting 5.25
Czesc kolego!

Ciesze sie ze ci sie udalo, ale:

1) I wouldn't be going against the current bullish trend
2) Switch charts to the unofficial "official" NY close, it'll tighten up your levels, (especially if you are going to trade Jarroo's take on things).
3) Not sure If I would go down to a 5m chart
4) 1778.52 would have been my level. Note how price broke through on the hourly, close above, and kept going. From what Jarroo has been teaching, I think that could have been a better entry/trade.
5) You're free to ignore the above, just how I see...
Hi!

1) & 3) & 4) I agree, this up trend is a killer for shorts and this is why I watched 5m - to tight my stop and TP level. In this example I wanted to show that going lower time frames, you have to act at all as fast
It is highly recommended to stick to jarroo methodology (in this case there was no PA to go short on D1, H4 or even H1)

2) you mean other broker or MT4 plugin?
5) all comments are most welcome
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #104,150
  • Nov 8, 2011 2:07am Nov 8, 2011 2:07am
Quoting gungriffin
Looks good to me. I have 3 very basic personal rules for wedges....
Thank you very much for your reply gungriffin.
I agree on your comment to the 3) - it really lacks the "bottom to top of the wedge movement" in comparison to G/U.
  • #104,151
  • Nov 8, 2011 2:32am Nov 8, 2011 2:32am
Quoting mbqb11
a big happy bday to the man who started a truly amazing thread that has changed so many of our lives for the better, and continues to for so many new faces
Echo those sentiments. Happy birthday big guy
  • #104,152
  • Nov 8, 2011 2:54am Nov 8, 2011 2:54am
Happy Birthday James.

May you be surrounded by your family and friends on this auspicious day.
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  • #104,153
  • Nov 8, 2011 3:00am Nov 8, 2011 3:00am
HAPPY BIRTHDAY JAMES
  • #104,154
  • Nov 8, 2011 3:21am Nov 8, 2011 3:21am
Quoting mbqb11
a big happy bday to the man who started a truly amazing thread that has changed so many of our lives for the better, and continues to for so many new faces


Happy bday James
Happy Birthday to THE MAN ! Not many like him out there !

I was thinking to share a loss I took , but not to ruin the moment I will tell I'm still long on the USDCHF and EURCHF weekly pins

Cheers !
  • #104,155
  • Nov 8, 2011 8:16am Nov 8, 2011 8:16am
Although I haven't been around for a long time, I would like to join the others and wish all the best to James16. What I've found here is pretty amazing and a guy like you deserves only the best - good health, loving family, great friends and a long long life

Happy birthday James.
  • #104,156
  • Nov 8, 2011 8:27am Nov 8, 2011 8:27am
Nice confluence on Gbp/Usd in my opinion.....
61%Fib-TrendLine-Round number-PPZ

I think it worth to look for a PA on lower TF.
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Patience is essential
  • #104,157
  • Nov 8, 2011 8:54am Nov 8, 2011 8:54am
Happy Birthday James !!!
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all is eternal - this is good news for people who loves bad news
  • #104,158
  • Nov 8, 2011 9:35am Nov 8, 2011 9:35am
Hello guys,

I would like to kindly ask for an advice.
I am very very seriously thinking about joining PF. The reason is that I've seen all the videos on guest part, I followed this forum for last cca 30-40 pages and read first 20 pages including the very important first post. Still I don't see that many trade opportunities on daily and weekly charts and I would like to see more. I would also like to study the Jarroo's methodology, but I don't think I am ready for making pure S/R trades, or S/R trades with PA confirmation on lower TF.

I know how the PA setups look like (DBLHC, DBHLC, PB, BEOB, BUOB, IB), and that it is very important that they are at appropriate positin in swing high or swing low. Buying at the bottom, selling at the top of the price.

I could read whole James 16 Chart Thread, but I think that would take too much time (while having full time job, one does not have so much time) and also there is a lot of unrelated or not so important posts.

I think my progress would be faster while joining the forum, I could see more trading opportunities. On last demo account, following James16 rules for more than 3 weeks I am at 15% profit. I made some trades I am not proud of - mostly on lower time frames because I don't have the patience - STUPID ME. Yes picon1, indeed you are NOT AT ALL alone in this problem.

I am also afraid that I might not have so much time to participate in the forum - post graphs, ask for help/advice where I make mistakes etc. It might be like that I just download all the stuff for further studying - but this does not seem to be fair to me and it is a reason for me not to join, although James mentioned that it is ok to do that.

Well... what do you think, am I ready to join the forum or is it too early and I should continue studying the whole thread.
  • #104,159
  • Nov 8, 2011 10:35am Nov 8, 2011 10:35am
Quoting darxtar
Hello guys,

I would like to kindly ask for an advice.
I am very very seriously thinking about joining PF. The reason is that I've seen all the videos on guest part, I followed this forum for last cca 30-40 pages and read first 20 pages including the very important first post. Still I don't see that many trade opportunities on daily and weekly charts and I would like to see more. I would also like to study the Jarroo's methodology, but I don't think I am ready for making pure S/R trades, or S/R trades with PA confirmation on lower TF.

I know how...

Hey D

If you are indecisive there is no harm in hanging around here more. Were not going anywhere in the PF, so you can always join later if you decide

Keep at it, it's a journey but just remember there is no rush, slow and steady wins this one

Best
Mike
  • #104,160
  • Nov 8, 2011 10:52am Nov 8, 2011 10:52am
Quoting mbqb11
Hey D

If you are indecisive there is no harm in hanging around here more. Were not going anywhere in the PF, so you can always join later if you decide

Keep at it, it's a journey but just remember there is no rush, slow and steady wins this one

Best
Mike
Thanks for reply. I've already decided to join. I am just not sure when to do that.
Let me ask one more question please.
I wanna study the most efficient way. Do you think that studying the materials in the PF will be more efficient than keep reading this whole thread from page 20? Please consider that I might not have time to post graphs and participate in such a way in the PF.
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