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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

  • #104,181
  • Nov 8, 2011 6:13pm Nov 8, 2011 6:13pm
Quoting Donkey
Following up with a 4HR chart. Take a look at the BEOB (not best shape) that occurred at the daily HCR that occurred on 10/19 (1.2420). Nice bounce there. Could have a TT at that level or wait for PA.
Take a look at where you could have entered on this monster audnzd rally ... to the pip! (1.2356)

Hindsight is a beautiful thing.
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  • #104,182
  • Nov 8, 2011 6:36pm Nov 8, 2011 6:36pm
Audusd has my attention.

1.0400 is proving to have quite some resistance. A breakout or break and retest could be nice?
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  • #104,183
  • Nov 8, 2011 7:10pm Nov 8, 2011 7:10pm
Quoting 5.25
Take a look at where you could have entered on this monster audnzd rally ... to the pip! (1.2356)

Hindsight is a beautiful thing.
Or where you could have added cargo...within 4 pips. Gotta use the hindsight to identify the areas to watch for high probability setups!!
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  • #104,184
  • Nov 8, 2011 7:59pm Nov 8, 2011 7:59pm
hi all
I'm new to this thread, been spending about a week reading the first page and the last 300 pages and I'm loving it

i wonder if this would be a valid PPZ for you guys?thx.
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  • #104,185
  • Nov 8, 2011 8:24pm Nov 8, 2011 8:24pm
Quoting 5.25
Hi there,

FTB equals First Time Back. It is when you expect a support or resistance level to flip once it has been broken then retested for the first time. Resistance turned support, support turned resistance.

There are traders in FF who use this approach as their primary strategy as it can give a good risk to reward ratio (See this weeks charts).

1683.10 acted as resistance, price broke through, retested for the First Time Back, hey presto... resistance turned support.

It's usually better to find added confluence with these sort of...
thank you 5.25. Your charts explains it clearly
  • #104,186
  • Nov 8, 2011 8:36pm Nov 8, 2011 8:36pm
Hi Mike,
I read somewhere in this thread that u go thru many many many pairs of FX to look at trade setup. Any tips on how to efficiently go thru them? E.g do u view them in 4 chart grids, arrange them by certain manner, time frame etc. And for those which u shortlist as possible candidates, do u save them in another watchlist or just note it down manually? Hope u can share your efficient routine
  • #104,187
  • Nov 8, 2011 9:11pm Nov 8, 2011 9:11pm
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 B-Day brother Jim . .
Indicators show the past. Price Action "Indicates" the future.
  • #104,188
  • Nov 8, 2011 9:13pm Nov 8, 2011 9:13pm
Quoting Pinbar
Happy Birthday James.

May you be surrounded by your family and friends on this auspicious day.

Ditto that Pb.

Great pic . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #104,189
  • Nov 8, 2011 9:25pm Nov 8, 2011 9:25pm
Quoting benem
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.

Great Locational Confluence, benem . . Strong Bearish PA would be on the watch on the lower TFs for me.


What's great about these confluence levels is that they can be traded in either direction . .meaning if we get a strong Close above this level the potential for it turning into Support looks good. .
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Indicators show the past. Price Action "Indicates" the future.
  • #104,190
  • Nov 8, 2011 9:35pm Nov 8, 2011 9:35pm
Quoting jarroo
Great Locational Confluence, benem . . Strong Bearish PA would be on the watch on the lower TFs for me.


What's great about these confluence levels is that they can be traded in either direction . .meaning if we get a strong Close above this level the potential for it turning into Support looks good. .

Here's a couple examples . .
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Indicators show the past. Price Action "Indicates" the future.
  • #104,191
  • Nov 8, 2011 9:54pm Nov 8, 2011 9:54pm
it's that time for a very special day again...
Happy Birthday Sir James

God Bless you!
  • #104,192
  • Nov 8, 2011 10:10pm Nov 8, 2011 10:10pm
Quoting decentchap
I have been a PF member since yesterday and have only slept for 2 hours...
What Mike said above is exactly true.
Also,Darxstar, Jaroo has his own section on PF and more than worth the money alone..
Hey chap, its great to see you in the PF . .

Who's Darstar? . . . . .
Indicators show the past. Price Action "Indicates" the future.
  • #104,193
  • Nov 8, 2011 10:19pm Nov 8, 2011 10:19pm
Quoting scooterboy
hi all
i wonder if this would be a valid PPZ for you guys?thx.
Hello Sir scooterboy,
the blue line? yes.
mine may not be in the exact same price but yes, that area as a PPZ is valid IMHO.
the more precise flips, the better/stronger the PPZ.

Quoting jarroo
Who's Darstar? . . . . .
darxtar
this guy... he posted here recently
http://www.forexfactory.com/showthre...25#post5113825
  • #104,194
  • Nov 8, 2011 10:34pm Nov 8, 2011 10:34pm
Quoting gungriffin
Other things that will help quite a bit are reading all of the posts by the major players on the forum. Those include at a minimum Mike (MBQB11) and James (James16). I would suggest that you start with Mikes though as his method most closely follows the original method. James posts are great (esp in the beginning) but are a touch more advanced in what he has been posting recently. Jim's (Jarroo) spin on J16 is killer as well. His methodology will hone you into a PPZ big game hunter.

Ryan
Thanks Ryan . .I agree that learning the basics from James16 and Mike is the best way to go and either staying right there with the basics, which is great . . .Its how I got started . . . or looking more into trading Support aand Resistance levels. . .which is what I do . . . which was put together from what I learned from James16 and Mike.

The thing is . . .that we really never get away from the basics that are taught here on the J16 Thread and in the PF. . .meaning simplicity is always the goal . .because complicated never works. . ..


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #104,195
  • Nov 8, 2011 10:38pm Nov 8, 2011 10:38pm
Quoting supremeChaos
Hello Sir scooterboy,
the blue line? yes.
mine may not be in the exact same price but yes, that area as a PPZ is valid IMHO.
the more precise flips, the better/stronger the PPZ.


darxtar
this guy... he posted here recently
http://www.forexfactory.com/showthre...25#post5113825

You know what sChaos . .I read that wrong . .lol I thought that he was saying that "darxtar and Jarroo has a section in the PF"

. .But he was just addressing darxtar in his post . . . .my mistake.
Indicators show the past. Price Action "Indicates" the future.
  • #104,196
  • Nov 8, 2011 11:01pm Nov 8, 2011 11:01pm
Quoting supremeChaos
Hello Sir scooterboy,
the blue line? yes.
mine may not be in the exact same price but yes, that area as a PPZ is valid IMHO.
the more precise flips, the better/stronger the PPZ.
hiya schaos, thx 4 the reply and nice to meet you.glad to know that you too are looking at the same PPZ, since there are so many lines on my chart atm and i don't know which one to choose lol

scoot
  • #104,197
  • Edited Nov 9, 2011 12:19am Nov 8, 2011 11:55pm | Edited Nov 9, 2011 12:19am
Quoting gungriffin
Thought that this was an intersting area to keep an eye on for some possible PA. Not at a swing low, but it is at an interesting PPZ none the less. If it continued to have a weaker CHF (which is what speculation about how all CHF pairs will be headed), then this would be at the 1.25 BRN and also have the PPZ at 1.2415 in it's favor.

I am also trying to get my head wrapped around propper usage of all of Jarroo's terms. The 1.2415 line would be HCR due to the recent previous closes that it has been unable to break through, correct? I understand...

Quoting Donkey
I'll give my 2 pips on Jarroo's concepts and how you can use them. You're right your line is a HCR (highest close of resistance) and we wait for Price to break through and close above using the level as an entry (touch or lower time frame P/a) or possible S/L assuming you have other confluence there. Also notice how that line lines up with the swing low/bar low to the left of the chart - a very good piece of confluence. So we're currently bearish the short term until PBT&CA 1.2415 (1.2420 on my feed). Jarroo teaches we look for HCR/LCS in areas...

Excellent, D . . . that's more then 2 pips worth that's the whole kit and kaboodle . .

These Swing Points are (usually) pivotal levels . .meaning Price will either continue at their respect major Support or Resistance level . .or they will pivot or transition to their opposite; Support to Resistance or Resistance to Support.

I will also look at the Weekly levels, especially on the "crazy crosses".
We still may get a nice bounce at the 1.2472 Weekly LCS level.
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Indicators show the past. Price Action "Indicates" the future.
  • #104,198
  • Nov 8, 2011 11:58pm Nov 8, 2011 11:58pm
Quoting jarroo
Excellent, D . . . that's more then 2 pips worth that's the whole kit and kaboodle . .

These Swing Points are (usually) pivotal levels . .meaning Price will either continue at their respect major Support or Resistance level . .or they will pivot or transition to their opposite; Support to Resistance or Resistance to Support.

I will also look at the Weekly levels, especially on the "crazy crosses".
We still my get a nice bounce at the 1.2472 Weekly LCS level.
Weekly levels on the Gbp/Chf . . Bam!! . .
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Indicators show the past. Price Action "Indicates" the future.
  • #104,199
  • Nov 9, 2011 12:15am Nov 9, 2011 12:15am
Quoting 5.25
Take a look at where you could have entered on this monster audnzd rally ... to the pip! (1.2356)

Hindsight is a beautiful thing.
Nice one T . .


Usd/Jpy . .Weekly HCR . .77.586 . .The Low of this 5min PB . .77.586 . . . .not a bad bounce. Although this level acting a Support maybe short lived.. ..good chance its going to revert back to its former Resistance level .
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Indicators show the past. Price Action "Indicates" the future.
  • #104,200
  • Nov 9, 2011 12:23am Nov 9, 2011 12:23am
Quoting Donkey
Or where you could have added cargo...within 4 pips. Gotta use the hindsight to identify the areas to watch for high probability setups!!
Looks clear and simple to me . .nice chart, D . .
Indicators show the past. Price Action "Indicates" the future.
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