james16 Chart Thread | Page 5366 | 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

  • #107,301
  • Feb 12, 2012 6:47pm Feb 12, 2012 6:47pm
Quoting mbqb11
Hey G

The pf is the private forum. We just consider it an expanded version of what's here since we have better means to get to people in a more controlled environment.

Hang out here for awhile though, tons and tons of information in this thread, we'll be around

Best
Mike
Got it. I hope I will join the PF next time by hanging here for a while as your advised.

I want to get good at this method, cause I see most senior member make a trade in very simple way.

thanks for info and advise, mike.
  • #107,302
  • Feb 12, 2012 8:21pm Feb 12, 2012 8:21pm
Quoting Fx7877
Hi Michael,
I like the way you do your trade analysis, listing out the pros and cons of each trade. Good work!

You mentioned NO internal unconfirmed weekly resistance . What do you mean by that? ANd also the abbreviation like FCL, CNF etc? If you have explained this b4, pls just direct me to that post, thks!
As I said, I am new to this thread that came to my attention a while ago. I use a lot of the trading tools that is used here. OF course I need to adjust my abbreviation based on the ones here. I just need time to get used to that. So FCL is similar to FTA (first trouble area) and CFL stands for confluence.

For the internal unconfirmed res. or sup I will post an example. I need coffee first...
  • #107,303
  • Feb 12, 2012 9:14pm Feb 12, 2012 9:14pm
Quoting Fx7877
Hi Michael,
I like the way you do your trade analysis, listing out the pros and cons of each trade. Good work!

You mentioned NO internal unconfirmed weekly resistance . What do you mean by that? ANd also the abbreviation like FCL, CNF etc? If you have explained this b4, pls just direct me to that post, thks!
I hope the charts below will answer your question. Note that daily time frame is where i initiate my trades. I draw my sup/res levels from the weekly and monthly. One of the criteria on my trading plan when evaluating a potential PA setup is to look above, below and internally for unconfirmed WR or WS.

At this case the two day BUOB internally there is no UNC WS but there is the parity level where price must confirmed it for a healthy direction that the 2D BUOB point.

One of the reason that I decided to take full profit at the FTA is the UNC WS @ 0.9777. The time and the way that price will visit this level is not an issue but is something that I have in mind when is time to manage a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc w1.gif Size: 23 KB
Click to Enlarge Name: uc d1.gif Size: 32 KB
  • #107,304
  • Feb 12, 2012 10:08pm Feb 12, 2012 10:08pm
hello i am also new to this great thread. I started to read the post from the beginning. But thats a lot of material.

I am confused about the abbreviations, sounds like an other language.

Please can me tell one of the long followers of this thread where or in which post i can find the explanations of all the abbrs. ??

thanks.

My best regards,
as
  • #107,305
  • Feb 12, 2012 10:08pm Feb 12, 2012 10:08pm
Quoting Michael-SPA
Yes you are right. But i wrote 2 DAY BUOB. Join the Thursday and Fridays bar and make them one.
How do you count a "2 day BUOB" ?
#### Follow me at @LioH_ on Twitter ... ####
  • #107,306
  • Feb 12, 2012 10:15pm Feb 12, 2012 10:15pm
Quoting lhDT
How do you count a "2 day BUOB" ?
I do not understand your question...
  • #107,307
  • Feb 12, 2012 10:17pm Feb 12, 2012 10:17pm
Quoting Michael-SPA
I do not understand your question...
I mean, you add the "latest big bullish candle + the one from the day before" ? If it engulfs previous formation, you call it a 2 days BUOB ?
#### Follow me at @LioH_ on Twitter ... ####
  • #107,308
  • Feb 12, 2012 10:21pm Feb 12, 2012 10:21pm
Quoting lhDT
I mean, you add the "latest big bullish candle + the one from the day before" ? If it engulfs previous formation, you call it a 2 days BUOB ?
The low of Thursday the open, close and high of Friday.
  • #107,309
  • Feb 12, 2012 10:31pm Feb 12, 2012 10:31pm
Basically the situation here is, price was consolidating below parity and above a week R. The closing of Friday and the new confirmed weekly R that the consolidation developed increases the probabilities for price to rise north. Of course there is the big picture to consider. The latest PA shows the latest sentiment of market participants.
  • #107,310
  • Feb 13, 2012 12:25am Feb 13, 2012 12:25am
Quoting astock
hello i am also new to this great thread. I started to read the post from the beginning. But thats a lot of material.

I am confused about the abbreviations, sounds like an other language.

Please can me tell one of the long followers of this thread where or in which post i can find the explanations of all the abbrs. ??

thanks.

My best regards,
as
Here's what you're looking for
http://www.forexfactory.com/showthre...40#post4538540
It's only after we've lost everything that we're free to do anything.
  • #107,311
  • Feb 13, 2012 1:15am Feb 13, 2012 1:15am
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.

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

Ok, now I can say the Cad/Jpy happened . .

Now back to the basics . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cjpy10.jpg Size: 97 KB
Click to Enlarge Name: cjpy10a.jpg Size: 105 KB
Indicators show the past. Price Action "Indicates" the future.
  • #107,312
  • Edited 2:05am Feb 13, 2012 1:54am | Edited 2:05am
Quoting equivestor12
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)

Yes that right equivestor ..Mutliple Swing Points and their HCR/LCS levels lining up. ..strength. You can use other confluences that line up with that HCR (LCS) level. I like the 365 ema and 150 ema (its what James16 uses as a confluencing tool) ..also Fib levels, BRNs, RNs, trendlines.

Yes Space . . .Mike talks about the importance of Space in our PA setups . .and I have too agree, alot of good things happen in Space . .

I'll say it again equivestor, you're good at this stuff . .just keep it that simple . .

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: audcad13.gif Size: 29 KB
Indicators show the past. Price Action "Indicates" the future.
  • #107,313
  • Feb 13, 2012 2:08am Feb 13, 2012 2:08am
Quoting gadogado
Thanks a lot Mike. I will start to read the post 1 and all james post. It seems that I found this thread too late, this thread is very huge now.,

The free video? I don't find it at first page.

About the bar formation, do you mean like head n shoulder, triangle, channel ?


@AvanishDemo
Thanks a lot for quote. I will keep it in my mind.
. .http://www.james16group.us/Guests/guestmaterial.html
Indicators show the past. Price Action "Indicates" the future.
  • #107,314
  • Feb 13, 2012 2:10am Feb 13, 2012 2:10am
Quoting astock
hello i am also new to this great thread. I started to read the post from the beginning. But thats a lot of material.

I am confused about the abbreviations, sounds like an other language.

Please can me tell one of the long followers of this thread where or in which post i can find the explanations of all the abbrs. ??

thanks.

My best regards,
as
Here you go .. .


http://www.forexfactory.com/showthre...40#post4538540
Indicators show the past. Price Action "Indicates" the future.
  • #107,315
  • Feb 13, 2012 2:23am Feb 13, 2012 2:23am
EU possible IB forming on support, anyone seen this?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Seek not to change the world; seek only to change your mind about the world
  • #107,316
  • Feb 13, 2012 4:19am Feb 13, 2012 4:19am
Quoting jarroo
. .http://www.james16group.us/Guests/guestmaterial.html
thanks very much sir jarroo for the link.

I want to ask about "Mutliple Swing Points and their HCR/LCS levels lining up. ..strength". I can identify the multiple swing points in your posted chart.

Also, I try to drew a ppz line. I drew it in Daily, by matching side to side support and resistance. Please give your comment or anybody else.
My question : Does every ppz line must be rounded to RN ? cause I found some of them hardly to be rounded.
Attached Image (click to enlarge)
Click to Enlarge Name: ppzau.gif Size: 25 KB
  • #107,317
  • Edited 5:09am Feb 13, 2012 4:54am | Edited 5:09am
Quoting Michael-SPA
Basically.....
You're close to the right track Michael.

Master the basics before going for the exotic........

You may find you may not need it

But then again, who wants neccesity anyway if they can have it any way they want it
  • #107,318
  • Feb 13, 2012 6:00am Feb 13, 2012 6:00am
Hi,
an area of interest. If it holds, we have a nice retest.
Attached Image (click to enlarge)
Click to Enlarge Name: 12_02_13_ea.gif Size: 19 KB
Follow my trading on Twitter and FB: @pumlitch
  • #107,319
  • Feb 13, 2012 6:42am Feb 13, 2012 6:42am
Here to show people an example of how to try and get the most out of each trade, i took this trade at the BUOB off the 365 ema highlighted in blue, i always move my sl to BE always at the FTA then each time it breaks the next area i move stop loss 10 pips below the PPV.
Im not at a point where my stop loss is 10 pips below the 82.76 level and i will now get a minimum of around 150 pips from this trade. Hoping for a break above that 83.80 level then i will move SL up again.
Attached Image (click to enlarge)
Click to Enlarge Name: chf2.jpg Size: 90 KB
  • #107,320
  • Feb 13, 2012 6:53am Feb 13, 2012 6:53am
Quoting Variance
You're close to the right track Michael.

Master the basics before going for the exotic........

You may find you may not need it

But then again, who wants neccesity anyway if they can have it any way they want it
Thanks for your concern. But after scanning the menu list of pairs, the only one that fulfill my criteria was this exotic PA setup. The story behind it was worthy to take a risk and still is...despite the imagination of building the PA setup itself. Trading is an art, isn't it?.
59 traders viewing now