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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

  • #111,861
  • May 17, 2012 9:20am May 17, 2012 9:20am
Quoting aserbfx
done
gbp/jpy: i closed my position here. nearly 400 pips in profit.
epic trade!
meine augen sind die sterne
  • #111,862
  • May 17, 2012 10:04am May 17, 2012 10:04am
Quoting Dan Gilbert
Missed opportunity. I am starting to track these blunders very closely!
yikes that broke hard!

Next time

Mike
  • #111,863
  • May 17, 2012 10:07am May 17, 2012 10:07am
Quoting Dan Gilbert
Missed opportunity. I am starting to track these blunders very closely!
Hi Dan
It is also a confirmation of H&S.
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Nothing personal,just business
  • #111,864
  • May 17, 2012 11:16am May 17, 2012 11:16am
AUD/NZD 4H BEOVB
Bearish PA at a swing high
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  • #111,865
  • May 17, 2012 11:35am May 17, 2012 11:35am
Quoting ts63
AUD/NZD 4H BEOVB
Bearish PA at a swing high
Hi ts - which broker do you use for this chart? I've got 4 hour feeds so that I can see a new 4 hr chart every hour except this one!

Many thanks
  • #111,866
  • May 17, 2012 11:46am May 17, 2012 11:46am
Quoting trc
this one made my day

Attachment
TRC great trade I took this one too love this stuff of Jarroos!
  • #111,867
  • May 17, 2012 12:38pm May 17, 2012 12:38pm
Quoting haircut
TRC great trade I took this one too love this stuff of Jarroos!
Thanks,
I love this too
This is my weekly view on this pair - what you guys think ?

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  • #111,868
  • May 17, 2012 12:45pm May 17, 2012 12:45pm
Quoting mbqb11
locked in profit under the current low
locked in a good chunk more as we near my take profit
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  • #111,869
  • May 17, 2012 12:51pm May 17, 2012 12:51pm
Quoting aserbfx
gbp/jpy: i closed my position here. nearly 400 pips in profit.
epic trade!
  • #111,870
  • May 17, 2012 2:44pm May 17, 2012 2:44pm
Quoting trc
Thanks,
I love this too
This is my weekly view on this pair - what you guys think ?

Attachment
I like it very nice
  • #111,871
  • May 17, 2012 4:23pm May 17, 2012 4:23pm
Quoting Dan Gilbert
Missed opportunity. I am starting to track these blunders very closely!
It's well worth noting that pretty much all these wide range bars get filled at some point. Look at any chart and you'll see these get covered (liquidity gaps). They represent imbalance and more often than not this is redressed.

Whether this means we look for longs or wait for the gaps to fill to get short again (my preference) is another story.

Lets see
  • #111,872
  • May 17, 2012 6:38pm May 17, 2012 6:38pm
Took this one on GBP/USD, price hit SL...
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  • #111,873
  • May 17, 2012 7:22pm May 17, 2012 7:22pm
Quoting mbqb11
locked in a good chunk more as we near my take profit
gone ahead and locked in more profit will just let it run now
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  • #111,874
  • May 17, 2012 7:41pm May 17, 2012 7:41pm
Quoting mbqb11
locked in a good chunk more as we near my take profit
Great trade.
I see the entry point, there are lots of traffic in ppz. It may need lots of effort to breakout the blue line.
So is wait the price break through the blue line and enter at low time frame pull back more better? (Although in this case the profit will be smaller).
  • #111,875
  • May 17, 2012 7:58pm May 17, 2012 7:58pm
Quoting followtr
Great trade.
I see the entry point, there are lots of traffic in ppz. It may need lots of effort to breakout the blue line.
So is wait the price break through the blue line and enter at low time frame pull back more better? (Although in this case the profit will be smaller).
Hey Follow

I like the BUOB that closed off the parity level and above all the bar highs. I would have taken that trade had i not been in earlier. That to me is as good as a breakout trade gets. One could also enter on a retrace as you said too would have worked fantastic!

Best
Mike
  • #111,876
  • May 17, 2012 8:25pm May 17, 2012 8:25pm
Quoting mbqb11
updated chart

former pattern and BRN held
Hi Mike,

Did you end up taking the EUR/GBP long trade?

It was hanging around the BRN 0.8000, and then just shot up with the news. I was watching it but could not find an entry. It did not have a decent re-tracement back to BRN.

You are certainly having a good trade on USD/CAD.

ppcd
  • #111,877
  • May 17, 2012 8:35pm May 17, 2012 8:35pm
Quoting haircut
Took this demo trade today on the Aud/JPY

Yesterdays daily bar closed beneath the lowest close support which is also the BRN 80. I entered on the retest of 80 today and have uploaded the 4hr chart to show the signature of the trade.

Closed 3/4 of the trade at the FTA and have moved stop to B/E to see if it can run some more.

Thanks Jim your the man!

Hair
Thanks HC . . . .I'm just standing on James16's and Mike's shoulders . .without them, my method would not be possible.


Great charts, HC . . . .here's some more great opportunities on the AudJpy . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #111,878
  • May 17, 2012 8:43pm May 17, 2012 8:43pm
Quoting jarroo
Thanks HC . . . .I'm just standing on James16's and Mike's shoulders . .without them, my method would not be possible.


Great charts, HC . . . .here's some more great opportunities on the AudJpy . .

Jim
this guy is too modest. Jarroo knows his stuff and we are lucky to have him here

Mike
  • #111,879
  • May 17, 2012 8:46pm May 17, 2012 8:46pm
Quoting mbqb11
this guy is too modest. Jarroo knows his stuff and we are lucky to have him here

Mike
Thanks Mike . .I have to be honest . .the truth is the truth.

Indicators show the past. Price Action "Indicates" the future.
  • #111,880
  • May 17, 2012 9:16pm May 17, 2012 9:16pm
Quoting aserbfx
tribute to jarroo with his lcs/hcr-stuff....
to the pip... so far. waiting for a pbt&cb...

Hey aserb.

These levels (HCR/LCS) can be very powerful when Price Breaks Through & Closes Above or Below them . . . .but also as an initial touch as your 4 Hour chart shows.

Many times these levels will cause Price to . .of course . .. Bam! but they will also be the High or Low of the Day or Week. . .I'll have to update this EurCad chart tomorrow and call the 1.2782 the Low of the Week . .may be even the Month Low . . only time will tell.


What does your 4 Hour chart and this Weekly chart have in common? Both are Deep Swing points and Price hitting their LCS level.

Jim
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Indicators show the past. Price Action "Indicates" the future.
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