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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

  • #107,261
  • Feb 12, 2012 8:11am Feb 12, 2012 8:11am
Quoting mbqb11
Hey Stew how are you bud


This is something Jarroo introduced on how he personally pinpoints trade areas. It is certainly not the traditional James16 although a direct variation of what the same concepts are.

I am reminded of this and since you brought it up this quote is perfect time to be reinstated. As well as those that are just stumbling on to this thread please please start from post 1

so those of you that are new this is why we try to be diligent that the basics and the core of what you should be learning is the basic material first....
Thanks Mike,

Thought I was losing the plot. I still like the simple stuff - every time I try and get smart the market screws me lol.
  • #107,262
  • Feb 12, 2012 8:38am Feb 12, 2012 8:38am
Quoting stewrigh
My take on UC.

Look at the latest few daily bars... BEEB, 4xDIB's then a BUOB. Why make things difficult for ourselves - K.I.S.S........It's stuck in a box, wait for it to show us a direction...eventually it will breakout and when it does our risk reward will improve dramatically and we will have some momentum.

Attachment
Hi Stewrigh.
nice charts bro.

i see the TL has been broken completely and CA yellow Consolidation box and above parity.
could this be the sign of reversal?
lets see.
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  • #107,263
  • Feb 12, 2012 9:00am Feb 12, 2012 9:00am
As mentioned by others on GU PB.
this PB does look interesting(i knw its not the best PB)

im not trading it bcos of the lack of space.
but looking at the overall picture,wat i really like is everytime it bounce,the bounce has been lower than the previous bounce(marked by arrows).
Certainly, this PB looks like its giving another direction to the south,but who knows.lol.

if this PB takes GU to 1.53 things would really get interesting.
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  • #107,264
  • Feb 12, 2012 9:38am Feb 12, 2012 9:38am
Quoting aserbfx
from trip to java, bali and lombok ... some years ago....
was great!


Quoting stewrigh
My take on UC.

Look at the latest few daily bars... BEEB, 4xDIB's then a BUOB. Why make things difficult for ourselves - K.I.S.S........It's stuck in a box, wait for it to show us a direction...eventually it will breakout and when it does our risk reward will improve dramatically and we will have some momentum.
Hi stewrigh,

The consolidation box is very difficult for me to notice it before I see your chart. After that, I notice that the top of the box is also been touch several times as support a few month ago and I guess it must be a good ppz level.

Several days ago in this pair, I waiting for him to break below the bottom of consolidation and wait for it the perform a PA bar at retest. Also it has more room to move.


Quoting stewrigh
As an aside can I ask why and when all this PBT, CA, CB started. I seem to remember from page 1 that James advocates waiting for, and only trading the A+ trades.

Maybe it's just me but I just can't see any A+ trades when I try with the new PBT method
About PBT CA, CB method, this method make me very easy to notice the strong or important level and understand the market movement.
  • #107,265
  • Feb 12, 2012 9:57am Feb 12, 2012 9:57am
Quoting mbqb11
Hey Stew how are you bud

This is something Jarroo introduced on how he personally pinpoints trade areas. It is certainly not the traditional James16 although a direct variation of what the same concepts are.

I am reminded of this and since you brought it up this quote is perfect time to be reinstated. As well as those that are just stumbling on to this thread please please start from post 1

so those of you that are new this is why we try to be diligent that the basics and the core of what you should be learning is the basic material...
Hi Mike,

Thanks for the explanation. But the bold one I still don't understand at all.

I just know that I must only trade on daily TF or higher ; trade only A+ bar that stewrigh also mention it previously that means on swing high or swing low, with confluences ; the triggers is wait for PA bar ; not risk more than 2% in one trade ; about the FTA what must I do when price get there.

I am aware that I new in this thread and I seriously want to learn more in here. I hope that the senior member can post more and constantly chart only the A+ trade and the explanation, so it can give me as new member more example and guidance.

I hope that I'm not get mad from you by my word. If there is something wrong with my sentence, I will edit it.
  • #107,266
  • Feb 12, 2012 10:01am Feb 12, 2012 10:01am
Quoting gadogado
Hi Mike,

Thanks for the explanation. But the bold one I still don't understand at all.

I just know that I must only trade on daily TF or higher ; trade only A+ bar that stewrigh also mention it previously that means on swing high or swing low, with confluences ; the triggers is wait for PA bar ; not risk more than 2% in one trade ; about the FTA what must I do when price get there.

I am aware that I new in this thread and I seriously want to learn more in here. I hope that the senior member can post more and constantly chart only the A+...
Hey Gag

What we do here is speak about concepts. These concepts must be learned on their own and then over time we work at working those concepts together to create our trade plans.

The best place to start is post 1 and work your way through. I would at the least to make sure to go through every single on of Jim's post.

As well there are many free videos on the guest side that you may find useful.

What the above was meant to say is that we talk about a lot of stuff in this thread, from beginner to more advanced of our personal trading. But the foundation of where people must begin is the core material. Understanding the bar formations, the prime locations for these bars. The looks of the bars. Understanding side to side support and resistance. Then as you build up you learn the ways to blend these concepts as well as the more finite details that would be way to overwhelming for new traders to take in all at once.

Yes this thread is huge but it is well worth the time because their are endless charts/examples/concepts in this thread it's just hard to stream line it because of the size of it.

Hope this helps!
Mike
  • #107,267
  • Feb 12, 2012 10:19am Feb 12, 2012 10:19am
Quoting AvanishDemo
Keep learning.Its a great thread to start as a beginner and then expand your realms of trading as u advance

but 1 thing i learnt:Trading is all about mind-game.

And traders gotta master that art.
It sure is AD

as James says its whats between your ears that's the biggest hurdle

Mike
  • #107,268
  • Feb 12, 2012 10:24am Feb 12, 2012 10:24am
Quoting AvanishDemo
Hi Stewrigh.
nice charts bro.

i see the TL has been broken completely and CA yellow Consolidation box and above parity.
could this be the sign of reversal?
lets see.
Thanks A,

Couple of important points you picked up on in your post. Lets drop down to the H4 - chart below.

Yep the TL has been broken on your chart(now look at the chart below) depends how we draw our trendlines. We should think of tl's in the same way we do S/R - they are zones not lines.

Parity is hugely significant - but is it a top or a bottom?. That's why, a lot of the time, we get consolidation at BRN's, because the market is undecided and everyone is waiting to see what happens next IMO.

The TL is another factor - look where price is now - right at parity and 'touching' the 'trendline'.

Some ppl might jump in now but for me there are too many conflicting signals - look at the RSI.

Basically, we have no idea what's gonna happen next, so we should wait.

Eventually PA will tell us which way it wants to go but we need loadsa patience. It's easy to take a trade - the hard part is knowing when not to trade

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  • #107,269
  • Feb 12, 2012 10:25am Feb 12, 2012 10:25am
Quoting mbqb11
It sure is AD

as James says its whats between your ears that's the biggest hurdle

Mike
oops i accidently deleted that post.lol.i will re-post it again for GadoGado.

Quote
Keep learning.Its a great thread to start as a beginner and then expand your realms of trading as u advance

but 1 thing i learnt:Trading is all about mind-game.

And traders gotta master that art

  • #107,270
  • Feb 12, 2012 10:38am Feb 12, 2012 10:38am
Quoting stewrigh
As an aside can I ask why and when all this PBT, CA, CB started. I seem to remember from page 1 that James advocates waiting for, and only trading the A+ trades.

Maybe it's just me but I just can't see any A+ trades when I try with the new PBT method
Quoting mbqb11
Hey Stew how are you bud


This is something Jarroo introduced on how he personally pinpoints trade areas. It is certainly not the traditional James16 although a direct variation of what the same concepts are.


Mike

Sorry about that stewrigh . .and Thanks Mike.

I do tend to get carried away with how I trade on this thread, which is rooted to the basic methodology of material presented by James16 and Mike.
I will keep that my material in the PF and stick to the basic core methology presented by James16 in post 1.

. . but if you can forgive at times because . .sometimes I can't help myself . .lol . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #107,271
  • Feb 12, 2012 10:44am Feb 12, 2012 10:44am
Quoting stewrigh
Thanks A,

Couple of important points you picked up on in your post. Lets drop down to the H4 - chart below.

Yep the TL has been broken on your chart(now look at the chart below) depends how we draw our trendlines. We should think of tl's in the same way we do S/R - they are zones not lines.

Parity is hugely significant - but is it a top or a bottom?. That's why, a lot of the time, we get consolidation at BRN's, because the market is undecided and everyone is waiting to see what happens next IMO.

The TL is another factor - look where...

the reason i like my TL is price is being pushed down everytime it bounces,getting a pull back @ TL and pushed down again lower.

all that price being pushed down is enclosed within the TL.

just how i view it

But yes infinite variables in trading.so true.
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  • #107,272
  • Feb 12, 2012 11:18am Feb 12, 2012 11:18am
Quoting jarroo
Sorry about that stewrigh . .and Thanks Mike.

I do tend to get carried away with how I trade on this thread, which is rooted to the basic methodology of material presented by James16 and Mike.
I will keep that my material in the PF and stick to the basic core methology presented by James16 in post 1.

. . but if you can forgive at times because . .sometimes I can't help myself . .lol . .


Jim
No probs Jim,

I was just getting frustrated that I couldn't see these setups till after they happened. Guess I'll just have to stick to the basics.
  • #107,273
  • Feb 12, 2012 11:28am Feb 12, 2012 11:28am
Quoting stewrigh
No probs Jim,

I was just getting frustrated that I couldn't see these setups till after they happened. Guess I'll just have to stick to the basics.

Here's a video (Euro) and some posts that show some setup before the fact. . .if you're interested . .nothing wrong with sticking to the basics, its what I try to do as well . .


Quoting jarroo
Yes, thats correct gado . .this video will help . .

http://www.youtube.com/watch?v=7j3uE...layer_embedded
Quoting jarroo
Targets hit nicely . . "Fly me to the Moon " . .



Quoting jarroo
Well it looks like that trip to the Moon was short lived . ..


But we as smart traders don't just sit back and sing along with Frank, "hoping" that Price reaches the farthest part of the Moon . .We sing along and move our S/L as targets are reached and breached . .


Targets are where our trade management begins and ends ..When our target(s) are hit, we become active. We do an action to our trade . .


. .1st target hit . .reduce our risk or move to break even (move our stop loss) or take partial profits or take full profits.

. ....
Quoting jarroo
Yes that's correct . my feed is a little different but the principle is the same. (Chart)

You can look at my previous charts in my profile from the past year. .that should help.
Indicators show the past. Price Action "Indicates" the future.
  • #107,274
  • Feb 12, 2012 11:29am Feb 12, 2012 11:29am
Quoting jarroo
Here's a video (Euro) and some posts that show some setup before the fact. . .if you're interested . .nothing wrong with sticking to the basics, its what I try to do as well . .

Ooopps . .the CadJpy hasn't happened yet . .

Quoting jarroo
Yes that's correct . my feed is a little different but the principle is the same. (Chart)

You can look at my previous charts in my profile from the past year. .that should help.
Indicators show the past. Price Action "Indicates" the future.
  • #107,275
  • Feb 12, 2012 12:02pm Feb 12, 2012 12:02pm
Guys, i found a setup on audcad weekly. First target about 100+ pips

Can anyone tell me if this is correct analysis or something wrong?

Thanks
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  • #107,276
  • Feb 12, 2012 12:14pm Feb 12, 2012 12:14pm
Quoting zamfir
Guys, i found a setup on audcad weekly. First target about 100+ pips

Can anyone tell me if this is correct analysis or something wrong?

Thanks
Hey Z

I put some notes on how I see things. This bounces off G last question too about the different concepts. Then it's up to the trader to decide if the trade favors them and their trading style enough

Attached is my analysis and why I would pass, but that still doesn't make someone wrong to trade it, but they should understand the concepts so they know how to use them to their favor

Hope this helps
Mike
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  • #107,277
  • Feb 12, 2012 12:18pm Feb 12, 2012 12:18pm
Quoting zamfir
Guys, i found a setup on audcad weekly. First target about 100+ pips

Can anyone tell me if this is correct analysis or something wrong?

Thanks
Hi Zamfir,
Namaste!
Welcome to the thread.Keep Posting.

I will leave it to Senior members for answering your Q.
they are the ones who will explain it lot better!
  • #107,278
  • Feb 12, 2012 12:23pm Feb 12, 2012 12:23pm
Quoting jarroo
Yes, good size and structural PA is important, but the strength of the Location is also very important . .some would say, (like me), the most important.

On the EurJpy example you posted, the HCR level was pretty strong . . (charts) . . more confluences with that level would have made it even stronger . .

Jim
so multiple swings to one HCR level gives it confluence and qualifies as a stong HRC level? I'M not sure if what I drew is actually confluence...Your HRC confluence seems to have a tone of space in-between, Does the space in-between each swing mean more strenth? Also, what other confluences would you like to see to make it an A+ trade?

thanks)
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  • #107,279
  • Feb 12, 2012 12:23pm Feb 12, 2012 12:23pm
Quoting AvanishDemo
Hi Zamfir,
Namaste!
Welcome to the thread.Keep Posting.

I will leave it to Senior members for answering your Q.
they are the ones who will explain it lot better!
Namaste! to you too Avanish...or is it Avinash?
  • #107,280
  • Feb 12, 2012 12:25pm Feb 12, 2012 12:25pm
Quoting mbqb11
Hey Z

I put some notes on how I see things. This bounces off G last question too about the different concepts. Then it's up to the trader to decide if the trade favors them and their trading style enough

Attached is my analysis and why I would pass, but that still doesn't make someone wrong to trade it, but they should understand the concepts so they know how to use them to their favor

Hope this helps
Mike
Mike, i see the FTA too, what i m saying is if it breaks the FTA below, it will be resistance and we are near to high of monthly. you think it can go higher?
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