james16 Chart Thread | Page 5566 | 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

  • #111,301
  • May 4, 2012 4:23pm May 4, 2012 4:23pm
Quoting jarroo
I guess the market couldn't find a reason not to go short either, Peter . .

I choose this one for my 1st live trade
Great stuff Jim, thanks for comments.

  • #111,302
  • May 4, 2012 4:25pm May 4, 2012 4:25pm
Quoting cytek
Sorry - maybe stupid question. Do you see a break up or break downwards?
Too soon to tell. The pair is in total Indecision as far as the daily and weekly close is concerned. It failed to break the Jan 2012 low this week even though it tried not off by much but could be a sign of an upward break. Plus i like to mix a bit of fundamental with my PA and I have a bias to the upside for the Euro because it is majorly supported by many governments.

All i know for now is that when it breaks, which would most likely be this coming week, it'll break with a bang so keep your finger on the trigger.

Dont take my advice to heart though, I'm still relatively new to this. Maybe the senior members can shed some more light....

Best
-H
  • #111,303
  • May 4, 2012 4:27pm May 4, 2012 4:27pm
Quoting AvanishDemo
long time bro,
how is life bud?

hope all is well in Germany!
namaste.
sure, it is. what about you?
been to west bengal and sikkim last month...
meine augen sind die sterne
  • #111,304
  • May 4, 2012 4:37pm May 4, 2012 4:37pm
I know that this isn't a textbook pinbar, but it does represent a firm rejection from the major PPZ. Could this mean that we're headed back to the midpoint of this box?

(Second picture specifically for Mike- We're in a box!)

Ender
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 54 euraud.gif Size: 21 KB
Click to Enlarge Name: 54 euraud mbq style.gif Size: 57 KB
  • #111,305
  • Edited 4:56pm May 4, 2012 4:37pm | Edited 4:56pm
Quoting trc
I choose this one for my 1st live trade
Great stuff Jim, thanks for comments.

You also had an additional confirmation that this level truely flipped from Support to Resistance by yesterday's Close being below our LCS level.

This Daily Close Confirmation Above or Below . .once PBT&CAorB . .is a great added confluence . .

Great job Peter . . (did you notice that you picked the High of the day . .)

Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy04a.jpg Size: 74 KB
Click to Enlarge Name: euro04da.jpg Size: 87 KB
Indicators show the past. Price Action "Indicates" the future.
  • #111,306
  • May 4, 2012 4:50pm May 4, 2012 4:50pm
Quoting human2
Hi, EurCad fromed a pinbar yesterday. It hasn't been broken yet. It closed just under 13000 - would this put you off taking it? If it does break it will be rising over the BRN and also 2 WLCS (for all you Jarroo fans out there). I suppose the question is: would you trade it??

Not sure where you got your Weekly Lowest Close of Support (LCS) levels, h2. . .then again I can't see them on your chart.

maybe I can help . .

There were 2 Weekly LCS levels . .2 levels but one Swing Low because of the damn gaps . .

These 2 WLCS levels were the only ones relative to current Price over the last few weeks. Throw in the Daily LCS levels and it gets interesting.

Were these "blue arrows" long crazy levels to enter? . .not if you're a Jarroo Fan and know how to trade them. .

I know what you're asking yourself. .Could the Highs and Lows of Price be born of HCR/LCS levels? . .The answer is . ."Yes" . .


Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad04w.jpg Size: 85 KB
Click to Enlarge Name: eurcad04wdd.jpg Size: 115 KB
Indicators show the past. Price Action "Indicates" the future.
  • #111,307
  • May 5, 2012 12:37am May 5, 2012 12:37am
Quoting jarroo
Looking good gado . . . You can also use the Daily targets (Daily Highs and Lows) to manage your trade.
Right... sir. Daily target is good too. Final.. got out at 8000ish and becuase the last day trade of this week... Price is reaching LCS Daily or HCR weekly probably will show a new setup...
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp4.gif Size: 25 KB
  • #111,308
  • May 5, 2012 6:43am May 5, 2012 6:43am
Attached Image (click to enlarge)
Click to Enlarge Name: 13.jpg Size: 95 KB


one of james' favs
Hero calls followed by margin calls...
  • #111,309
  • May 5, 2012 6:53am May 5, 2012 6:53am
Prob going to Major which im thinking will hold first time
pa there will be intresting



Quoting gadogado
Right... sir. Daily target is good too. Final.. got out at 8000ish and becuase the last day trade of this week... Price is reaching LCS Daily or HCR weekly probably will show a new setup...
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp 5-5.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,310
  • May 5, 2012 7:12am May 5, 2012 7:12am
Support in danger


Quoting jarroo
Not sure where you got your Weekly Lowest Close of Support (LCS) levels, h2. . .then again I can't see them on your chart.

maybe I can help . .

There were 2 Weekly LCS levels . .2 levels but one Swing Low because of the damn gaps . .

These 2 WLCS levels were the only ones relative to current Price over the last few weeks. Throw in the Daily LCS levels and it gets interesting.

Were these "blue arrows" long crazy levels to enter? . .not if you're a Jarroo Fan and know how to trade them. .

I know what you're asking yourself. .Could...
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad w1 5-5.png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,311
  • May 5, 2012 7:58am May 5, 2012 7:58am
looks pretty but I dont trust ,look for short
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad d1 5-5.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,312
  • May 5, 2012 9:48am May 5, 2012 9:48am
GBPUSD is dropping into a nice area to watch at week's open. Confluence:

  1. weekly HCR
  2. Round Number
  3. Weekly 150 ema

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 050612a.gif Size: 29 KB
Click to Enlarge Name: gu 05061b.gif Size: 27 KB
  • #111,313
  • May 5, 2012 9:50am May 5, 2012 9:50am
Quoting mbqb11
Hey Lefty

Forex is not a centralized market so there is no set open and close time. But price itself is the same. Price never changes it's only the way those bars are aggregated together. The success comes in understanding price, what we call confluence, location or I call the story of price. Many of us like to use a 5pm et close, but I know many who use a 7, 8, even a 12 close. Once we learn how it's all about so many different factors and not just the bar then it becomes easy to understand that the aggregation of the bars will not impact...

Quoting Brixton
Yea, even though i'm in London. I use New York as my close of day, because thats when the volume lowers for a bit until london opens again. I also trade US Shares too.

Well that clears a lot up for me. Thank you Mike. I really appreciate you guys taking folks like me to the next level!

Question based from your comments... Is it possible to choose the closing time(s) of your charts (bars)? Or is the choice solely made by choosing a broker with a closing time you want?

Thanks to everyone!
100 % of the shots you don't take wont go in. Wayne Gretzky
  • #111,314
  • May 5, 2012 10:20am May 5, 2012 10:20am
Sell ?


Quoting Donkey
GBPUSD is dropping into a nice area to watch at week's open. Confluence:

  1. weekly HCR
  2. Round Number
  3. Weekly 150 ema

On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,315
  • May 5, 2012 11:00am May 5, 2012 11:00am
Independently testing some other stuff and thought this could be useful for some people in here. I'd seen it before but the instructions were shite so here's the link to easy instructions and a SUPERB backtesting tool.

You can NAIL this (and any other) system/strategy by using this. hope someone finds it useful.

Vhands backtesting tool.
  • #111,316
  • May 5, 2012 11:02am May 5, 2012 11:02am
Quoting Bones
Support in danger

That's part of it Bones . . not just a Break . .but a Break Through and Close Below.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad05.jpg Size: 82 KB
Indicators show the past. Price Action "Indicates" the future.
  • #111,317
  • May 5, 2012 11:03am May 5, 2012 11:03am
Hi Jim that support ,gonna go

Quoting jarroo
That's part of it Bones . . not just a Break . .but a Break Through and Close Below.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,318
  • May 5, 2012 11:04am May 5, 2012 11:04am
along with eu
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,319
  • Edited 12:38pm May 5, 2012 11:12am | Edited 12:38pm
Quoting Donkey
GBPUSD is dropping into a nice area to watch at week's open. Confluence:

  1. weekly HCR
  2. Round Number
  3. Weekly 150 ema


Great charts, D and confluences.

He's my charts . .

Goofy gaps at the 1.6100ish. Confirmed Support (tested).

The 1.6000ish (1.6012-1.6022) still hasn't been tested and may never be tested. I'm still looking at these levels and seeing if they need to be tested once PBT&CA (or B) before moving on. . . .some do and some don't.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu05w.jpg Size: 118 KB
Click to Enlarge Name: gu05wd.jpg Size: 123 KB
Indicators show the past. Price Action "Indicates" the future.
  • #111,320
  • May 5, 2012 11:20am May 5, 2012 11:20am
Quoting Bones
Sell ?
I'm looking for a buying opportunity as I expect the level to act as support. If it breaks down I will look for selling opportunities.
58 traders viewing now