james16 Chart Thread | Page 5227 | 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

  • #104,521
  • Nov 16, 2011 8:06pm Nov 16, 2011 8:06pm
Quoting Pinbar
And we can thank J16, Jarroo, Mike & many others, for so unselfishly showing us this for no ulterior motive, other than, they have probably all been there before & done that, and wish that none of us fall into the same traps.
You bet we have, Pb . .probably James16 more so than others. . . hence, this great thread that he started.
Indicators show the past. Price Action "Indicates" the future.
  • #104,522
  • Nov 16, 2011 8:10pm Nov 16, 2011 8:10pm
Quoting AvanishDemo
Hey Mike well played.
i was watching this level as well but somehow i wasn't convinced with PB "mainly" bcos of swing low..continuation-BEOB wuld hav been comfortable(for me)..
oh well..atleast no loss if no profit


HIIIIIIIII Jarroo!
hope u doing great.
with all those LCS n HCRs,u completely rocking the thread mate.
Simple stuff yet cool!!
Hey AD!! . .good to see buddy . .
Indicators show the past. Price Action "Indicates" the future.
  • #104,523
  • Nov 16, 2011 8:26pm Nov 16, 2011 8:26pm
Quoting AvanishDemo
I'm currently watching the 1.38 area..
price has been really consolidating in the box...
Eur/Cad has been in a messy Consolidation lately. I see your 4 hour consolidation and Price may breakout of the 4 Hour box and work out well, but its still in the middle of a bigger Daily box. Very unpredictable area still.

I would wait until Price reaches Top or Bottom of the Daily Consolidation levels . .the swing points . .thats's where the action is, my friend . .
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad16.jpg Size: 117 KB
Indicators show the past. Price Action "Indicates" the future.
  • #104,524
  • Nov 16, 2011 8:26pm Nov 16, 2011 8:26pm
Quoting jarroo
You bet we have, Pb . .probably James16 more so than others. . . hence, this great thread that he started.
I hear you.

AUD/USD looking interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 112 KB
  • #104,525
  • Nov 16, 2011 8:30pm Nov 16, 2011 8:30pm
Quoting jarroo
Cool, T . .

Looking at the GU Daily levels . .That Daily HCR level had a great bullish reaction to the Daily targets and is having a great bearish reaction currently. .



. .although you would have to have seen it on the Hourly or 4 Hour. .the lower time frames .
Jim,
With ref to the daily chart where u drawn 2 blue lines at HCR, I see the bar only PBT&CB one of the blue lines only. Is there any reason why you OK this though usually its better to close below both lines if they are nearby as u mentioned in earlier reply to me? Thanks
  • #104,526
  • Nov 16, 2011 8:34pm Nov 16, 2011 8:34pm
Quoting Pinbar
I hear you.

AUD/USD looking interesting.

Yes it sure does Pb, . .You know Mike is watching that parity level (1.0000). Also the .9950ish looks good . . .nice history . .
Attached Image (click to enlarge)
Click to Enlarge Name: aud16.jpg Size: 91 KB
Indicators show the past. Price Action "Indicates" the future.
  • #104,527
  • Nov 16, 2011 8:36pm Nov 16, 2011 8:36pm
Quoting jarroo
I was the same way Hector until Mike told me to zoom out about a zillion times . .lol
It is so easy to zoom out, but at the same time sooooooo hard!!! lol
  • #104,528
  • Nov 16, 2011 8:44pm Nov 16, 2011 8:44pm
Quoting Fx7877
Jim,
With ref to the daily chart where u drawn 2 blue lines at HCR, I see the bar only PBT&CB one of the blue lines only. Is there any reason why you OK this though usually its better to close below both lines if they are nearby as u mentioned in earlier reply to me? Thanks

Price did break through and close below both levels before the short entry . .on the Hourly , 4 Hour and even the 8 hour . .

Do you not see this . .????
Attached Image (click to enlarge)
Click to Enlarge Name: gu8.jpg Size: 117 KB
Indicators show the past. Price Action "Indicates" the future.
  • #104,529
  • Nov 16, 2011 8:47pm Nov 16, 2011 8:47pm
Jim,
Wld u consider the dotted red line to be good place for TT if PBT&CB later?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-daily.gif Size: 24 KB
  • #104,530
  • Nov 16, 2011 8:47pm Nov 16, 2011 8:47pm
Quoting PinWing
It is so easy to zoom out, but at the same time sooooooo hard!!! lol

Well, I will zoom out to define and identify my levels . .after that, I will usually zoom back in . .
Indicators show the past. Price Action "Indicates" the future.
  • #104,531
  • Nov 16, 2011 8:52pm Nov 16, 2011 8:52pm
I am watching this continuation BEOB, perhaps a retest of the previous bar low, may take us down to parity where, price may tip its hand?
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 150 KB
  • #104,532
  • Nov 16, 2011 8:53pm Nov 16, 2011 8:53pm
Quoting Fx7877
Jim,
Wld u consider the dotted red line to be good place for TT if PBT&CB later?

I like your 120.00 better .
Indicators show the past. Price Action "Indicates" the future.
  • #104,533
  • Nov 16, 2011 8:58pm Nov 16, 2011 8:58pm
Quoting jarroo
I like your 120.00 better .

I prefer the 120.024. LOL

I used to see people post like that, and thought they were crazy, they weren't.
  • #104,534
  • Nov 16, 2011 8:59pm Nov 16, 2011 8:59pm
Quoting Pinbar
I am watching this continuation BEOB, perhaps a retest of the previous bar low, may take us down to parity where, price may tip its hand?
Looks like it already retest, Pb . .at the LCS level, 1.0072.

Let's watch it and see if it hits its targets . .

got to go for now

Later

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: au16.jpg Size: 91 KB
Indicators show the past. Price Action "Indicates" the future.
  • #104,535
  • Nov 16, 2011 9:02pm Nov 16, 2011 9:02pm
Quoting jarroo
Price did break through and close below both levels before the short entry . .on the Hourly , 4 Hour and even the 8 hour . .

Do you not see this . .????
Jim,
I was referring to the daily chart u posted which didn't seem like it closed below both lines on the Daily. As my data feed is different from yours, I can't tell from my end and only see visual from your chart. I gather from what u said above that as long as it close below both levels on shorter TF, its ok even though it didn't close below both lines on daily basis?

Sorry I keep harping on your method/ entry/exit/ trade management as I want to be crytal clear abt the concepts.
  • #104,536
  • Nov 16, 2011 9:05pm Nov 16, 2011 9:05pm
Quoting jarroo
Looks like it already retest, Pb . .at the LCS level, 1.0072.

Let's watch it and see if it hits its targets . .

got to go for now

Later

Jim
Or maybe the Daily LCS level retest . .now I really got to go . .lol
Attached Image (click to enlarge)
Click to Enlarge Name: au16dd.jpg Size: 83 KB
Indicators show the past. Price Action "Indicates" the future.
  • #104,537
  • Nov 16, 2011 9:05pm Nov 16, 2011 9:05pm
Quoting jarroo
Looks like it already retest, Pb . .at the LCS level, 1.0072.

Let's watch it and see if it hits its targets . .

got to go for now

Later

Jim
I mean the continuation beob previous bar low.
Attached Image (click to enlarge)
Click to Enlarge Name: au16.jpg Size: 144 KB
  • #104,538
  • Nov 16, 2011 9:07pm Nov 16, 2011 9:07pm
Quoting Fx7877
Jim,
I was referring to the daily chart u posted which didn't seem like it closed below both lines on the Daily. As my data feed is different from yours, I can't tell from my end and only see visual from your chart. I gather from what u said above that as long as it close below both levels on shorter TF, its ok even though it didn't close below both lines on daily basis?

Sorry I keep harping on your method/ entry/exit/ trade management as I want to be crytal clear abt the concepts.

No problem FX . .It was a Daily Level that was played as PBT&CA/B on a Lower TF ... .
Indicators show the past. Price Action "Indicates" the future.
  • #104,539
  • Nov 16, 2011 9:09pm Nov 16, 2011 9:09pm
Quoting Pinbar
I mean the continuation beob previous bar low.

Oh I see . .of the BEOB itself . .yes that would make sense if it was at a swing High, but this one is not . .

Later
Indicators show the past. Price Action "Indicates" the future.
  • #104,540
  • Nov 16, 2011 9:13pm Nov 16, 2011 9:13pm
Quoting jarroo
Oh I see . .of the BEOB itself . .yes that would make sense if it was at a swing High, but this one is not . .

Later
Oh, for some reason, I thought the retest was par for the course even with a continuation beob.

Will check it out.

Thanks Jarroo

Yeah, I have to run over to the other side of the city. also.
44 traders viewing now