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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

  • #105,521
  • Jan 2, 2012 6:59pm Jan 2, 2012 6:59pm
Quoting Pinbar
It is sinking in, little by little.

Actually, I am just watching it right now.
Looks like its sinking in real good . .

Tell me . .when is your next webinar ?. .
Indicators show the past. Price Action "Indicates" the future.
  • #105,522
  • Jan 2, 2012 7:05pm Jan 2, 2012 7:05pm
Quoting jarroo
Looks like its sinking in real good . .

Tell me . .when is your next webinar ?. .
You mean the country hoping webinar? International removal services. LOL

Thanks for the kind comment though.

I have decided that my New Years resolution is to stop messing with other systems, trade only your methodology, open a new demo account and demo it into profitability.

Many thanks Jarroo for so kindly showing me the methodology over the past year. Your perseverance with the less than quick is your great talent.
Makes me think you are actually a teacher also.
  • #105,523
  • Jan 2, 2012 7:06pm Jan 2, 2012 7:06pm
Quoting jarroo
That's it Pinbar on the Eur/Aud . .strong Weekly LCS level . .PBT&CB on the Daily . . .BAM!! 1.2957 ..to the pip . .

We still use the weekly Close . . . it great that the Lows line up with that Close.
Indicators show the past. Price Action "Indicates" the future.
  • #105,524
  • Jan 2, 2012 7:12pm Jan 2, 2012 7:12pm
Quoting GeorgeW
Hey Jim and J16guys. I said I'll be back and I am.
May we all have great, peaceful, healthy, and wealth-accumulataing Year 2012.

I'm really not disciplined to write trading journal on the FF, just keep it on paper. I seldom participate now in forums, but still read a lot.

Xmas trades... I take them nawadays, just with 1% risk and try to bring SL to BE asap.

EU - bought on bounce off RN, now SL to BE
GU - sold on bounce off minor PPZ and 50% level, now SL=BE
Short Gold then slightly lower Bought Gold - one will win.
Waiting for GJ setup....
My goodness . . .let's start by cleaning up those charts a bit, my friend.

Just some friendly advice.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #105,525
  • Jan 2, 2012 7:19pm Jan 2, 2012 7:19pm
Quoting Pinbar
You mean the country hoping webinar? International removal services. LOL

Thanks for the kind comment though.

I have decided that my New Years resolution is to stop messing with other systems, trade only your methodology, open a new demo account and demo it into profitability.

Many thanks Jarroo for so kindly showing me the methodology over the past year. Your perseverance with the less than quick is your great talent.
Makes me think you are actually a teacher also.
Thanks Pb . .you're doing great.
Indicators show the past. Price Action "Indicates" the future.
  • #105,526
  • Jan 2, 2012 7:19pm Jan 2, 2012 7:19pm
Jarroo

I have a question about the TF.

I realize you are looking at the Monthly TF but, more often than not I see the weekly TF on your charts along with the daily levels.

Sometimes, I see you looking at a daily setup and I wonder if, you are looking at it as a daily setup that can be traded on a lower tf or if you have actually qualified it on the weekly TF.

I mean, are you treating these as separate or do you sometimes look at setup purely on the daily TF alone?

Edit: Hey I just saw someone with a handle name of PBT. Cool.
  • #105,527
  • Jan 2, 2012 7:30pm Jan 2, 2012 7:30pm
Quoting Pinbar
Jarroo

I have a question about the TF.

I realize you are looking at the Monthly TF but, more often than not I see the weekly TF on your charts along with the daily levels.

Sometimes, I see you looking at a daily setup and I wonder if, you are looking at it as a daily setup that can be traded on a lower TF or if you have actually qualified it on the weekly TF.

I mean, are you treating these as separate or do you sometimes look at setup purely on the daily TF alone?
Great questions, Pb. I'm mainly looking at the Higher TF HCR/LCS levels and then trading them on the lower TFs.

For example on the EurAud, the A+ levels are in blue . .they are at the Top and Bottom of this Weekly consolidation. The purple Weekly LCS would be a "B" type level . .it still worked out well, but not "thee" best level.

When we just concentrate on the Highest HCR and the Lowest LCS we have a better chance of catching those runners in either direction . .we just follow the Close of Price, on the same TF or on a lower TF. . .

So the messiness in the middle we stay away from.
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Indicators show the past. Price Action "Indicates" the future.
  • #105,528
  • Jan 2, 2012 7:39pm Jan 2, 2012 7:39pm
USD/JPY is interesting to watch from a learning point of view.

On first look, it appears rather mess but, if we delve in deeper, we can see some rhyme & reason to it.
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  • #105,529
  • Jan 2, 2012 7:43pm Jan 2, 2012 7:43pm
Quoting jarroo
That's it Pinbar on the Eur/Aud . .strong Weekly LCS level . .PBT&CB on the Daily . . .BAM!! 1.2957 ..to the pip . .
I missed entry by 4 pips on that level prior to Christmas. Entry (green) was at 1.2961 sl (red)was at 1.3057. what could have been .
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  • #105,530
  • Jan 2, 2012 7:48pm Jan 2, 2012 7:48pm
Quoting Donkey
I missed entry by 4 pips on that level prior to Christmas. Entry (green) was at 1.2961 sl (red)was at 1.3057. what could have been .

I thought you nailed that 1.2957 from what i read in your post in the PF . .I must have read it wrong . .

Many more to come Big D . .
Indicators show the past. Price Action "Indicates" the future.
  • #105,531
  • Jan 2, 2012 7:49pm Jan 2, 2012 7:49pm
Quoting jarroo
Great questions, Pb. I'm mainly looking at the Higher TF HCR/LCS levels and then trading them on the lower TFs.

For example on the EurAud, the A+ levels are in blue . .they are at the Top and Bottom of this Weekly consolidation. The purple Weekly LCS would be a "B" type level . .it still worked out well, but not "thee" best level.

When we just concentrate on the Highest HCR and the Lowest LCS we have a better chance of catching those runners in either direction . .we just follow the Close of Price, on the same TF or on a lower...

Thanks Jarroo, the second lower upper level threw me off for a second there. I take it, it is the monthly level.
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  • #105,532
  • Jan 2, 2012 8:01pm Jan 2, 2012 8:01pm
Quoting Pinbar
Thanks Jarroo, the second lower upper level threw me off for a second there. I take it, it is the monthly level.
No, I don't believe that is a Monthly level . .probably an ill placed BRN 1.4000.

To the rhyme & reason of the JPY . .Monthly LCS level . . Bam! . .
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Indicators show the past. Price Action "Indicates" the future.
  • #105,533
  • Jan 2, 2012 8:06pm Jan 2, 2012 8:06pm
Quoting jarroo
No, I don't believe that is a Monthly level . .probably an ill placed BRN 1.4000.

To the rhyme & reason of the JPY . .Monthly LCS level . . Bam! . .

So simple as ever.

I think, we tend to over-complicate things by nature.

Thanks Jim
  • #105,534
  • Jan 2, 2012 8:10pm Jan 2, 2012 8:10pm
I shall work on keeping it simple.
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  • #105,535
  • Jan 2, 2012 8:12pm Jan 2, 2012 8:12pm
Quoting Pinbar
So simple as ever.

I think, we tend to over-complicate things by nature.

Thanks Jim
This is absolutely true, Pb. Also we tend to look for trades in the middle of traffic or in the middle of consolidation too. There are exception to this rule like the Monthly LCS on the JPY but its best to look for PA or PBT&CAorB at these big story levels.
Indicators show the past. Price Action "Indicates" the future.
  • #105,536
  • Jan 2, 2012 10:01pm Jan 2, 2012 10:01pm
EU at an interesting monthly area with an IB on the lower TF.
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  • #105,537
  • Jan 3, 2012 12:16am Jan 3, 2012 12:16am
Quoting the_wizard
I wonder if any of you guys can help me?

I can't understand what I did wrong this year.

I had such a great idea for a business but it just fell apart.

The idea was simple : I know a supplier that I can get items from really cheap and it was my intention to sell them on for a nice profit in the expensive area I live in (people will pay extortionate prices!!)

I guess my misfortune was a combination of a terrible economic climate and a good old dose of bad luck because my business failed right from the start.

Let me tell you...
Brilliant one, treat it like a business
  • #105,538
  • Jan 3, 2012 3:10am Jan 3, 2012 3:10am
Hit its target, then took me out.

We still have yet to see an H4 bar close above this area so, I am going to watch how this current bar closes. Possibly, it may close as a bearish PB.

If not, we can look for a real breakout of this area on the daily and a pullback with some bullish PA.
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  • #105,539
  • Jan 3, 2012 3:22am Jan 3, 2012 3:22am
There is a PPZ just beyond the close of this monthly LCS.
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  • #105,540
  • Jan 3, 2012 4:48am Jan 3, 2012 4:48am
A question for Jarroo and Pinbar.
How long do you still call a level valid, especially when the LCS or HCR is in traffic? I tend to call a monthly level valid upto three years, weekly one upto two years and daily levels upto a year depending on the situation on the chart and the volatility of a pair. What are your point of view on this.
Thanks in advance.
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