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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

  • #111,921
  • May 18, 2012 11:31am May 18, 2012 11:31am
Quoting jarroo
that was quick . .
Hi Jarroo,

I understand that you will sometimes seek entries on lower timeframes for PBT&CA/B trades, preferably hourly or 4 hour charts. But I also notice that sometimes entries were made on even lower TF (M30 and below). I ever saw pinbar making entry on a 5min pinbar too. My question is, are there any factors (such as confluence factors) influencing your decision to move down to below-hourly TFs? Do you do this to look for price action if none were found on hourly/4 hrs charts?

I'll also like to ask, when prices hit HCR/LCS to the pip (bam!) besides validating these levels, are there any more significance to it?

Thanks!

Caesar
"Nature's law" is called "Reason". When perfectly understood by human it is
  • #111,922
  • May 18, 2012 11:53am May 18, 2012 11:53am
Quoting gadogado
lol... right sir. It look similar with current EUR/AUD that I watching. I chose 3040 one because it's dual LCS and quite line up with Daily LCS.
Yes that's correct gado . .where Price is right now on the EurCad. . . .my feed is a little different but very close to yours.
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Indicators show the past. Price Action "Indicates" the future.
  • #111,923
  • May 18, 2012 11:58am May 18, 2012 11:58am
eur aud looks like a pbt&ca. next trouble area is the 1.3000. see the box left.
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meine augen sind die sterne
  • #111,924
  • May 18, 2012 12:08pm May 18, 2012 12:08pm
Quoting Caesar95
Hi Jarroo,

I understand that you will sometimes seek entries on lower timeframes for PBT&CA/B trades, preferably hourly or 4 hour charts. But I also notice that sometimes entries were made on even lower TF (M30 and below). I ever saw pinbar making entry on a 5min pinbar too. My question is, are there any factors (such as confluence factors) influencing your decision to move down to below-hourly TFs? Do you do this to look for price action if none were found on hourly/4 hrs charts?

I'll also like to ask, when prices hit HCR/LCS to the pip (bam!)...
Lower TF PA on the Hourly and/or 4 hour . (or even the 15min) . .can help confirm a LCS level as Support than just a "blind" entry. So, these lower TF PA is more of a PA trigger than just a PA setup.

Also I use the Hourly and 4 Hour TF Closes as a Stop Loss indication . .meaning if a Hourly or 4 Hour closes below my entry or LCS level (in the case of a long entry) this will take me out.

I call these "Signatures", i.e. Hourly Signatures . .4 Hour Signatures . .etc.

A Bam!! to the pip!! is a great confirmation of a great level too . . . .which could lead to hitting the level's 1st targets.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #111,925
  • May 18, 2012 12:11pm May 18, 2012 12:11pm
Quoting jarroo
Yes that's correct gado . .where Price is right now on the EurCad. . . .my feed is a little different but very close to yours.
Sorry, sir. I think the different is because I'm using a EUR/AUD chart.
  • #111,926
  • May 18, 2012 12:14pm May 18, 2012 12:14pm
Quoting gadogado
Sorry, sir. I think the different is because I'm using a EUR/AUD chart.

Yes, I saw that . .the setups are very similar on different pairs ..
Indicators show the past. Price Action "Indicates" the future.
  • #111,927
  • May 18, 2012 12:21pm May 18, 2012 12:21pm
Quoting jarroo
Yes, I saw that . .the setups are very similar on different pairs ..
Yes, it's similar sir.
  • #111,928
  • May 18, 2012 12:21pm May 18, 2012 12:21pm
Quoting gadogado
Sorry, sir. I think the different is because I'm using a EUR/AUD chart.

I remember these Weekly level on the EurAud . .and so does Donkey . ..

The other level you can't see on my chart is the 1.2957 . .to the pip ..
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Indicators show the past. Price Action "Indicates" the future.
  • #111,929
  • May 18, 2012 12:23pm May 18, 2012 12:23pm
Quoting jarroo
I remember these Weekly level on the EurAud . .and so does Donkey . ..

The other level you can't see on my chart is the 1.2957 . .to the pip ..
Here's a more zoomed up view . .
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Indicators show the past. Price Action "Indicates" the future.
  • #111,930
  • May 18, 2012 12:26pm May 18, 2012 12:26pm
Quoting gadogado
Yes, it's similar sir.
Its bouncing off that same 1.2957 level right now.

got to go for now

talk to you later,

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #111,931
  • May 18, 2012 12:34pm May 18, 2012 12:34pm
Quoting jarroo
I remember these Weekly level on the EurAud . .and so does Donkey . ..

The other level you can't see on my chart is the 1.2957 . .to the pip ..
Thank's for the chart sir. It seems that price already reacted well at 1.2957.
  • #111,932
  • May 18, 2012 12:36pm May 18, 2012 12:36pm
Dont trade the Cad Jim ,lol






Quoting jarroo
. .sorry Tony . .Don't what??
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  • #111,933
  • May 18, 2012 12:37pm May 18, 2012 12:37pm
Quoting jarroo
Its bouncing off that same 1.2957 level right now.

got to go for now

talk to you later,

Jim
Ok, sir. thank's
  • #111,934
  • Edited May 19, 2012 3:23am May 18, 2012 1:54pm | Edited May 19, 2012 3:23am
good sell op ,watch daily
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,935
  • May 18, 2012 3:05pm May 18, 2012 3:05pm
EURUSD trade... will look to buy it next week. Gold looks good too on weekly - pin from 1550.
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all is eternal - this is good news for people who loves bad news
  • #111,936
  • May 18, 2012 3:08pm May 18, 2012 3:08pm
Quoting aserbfx
eur aud looks like a pbt&ca. next trouble area is the 1.3000. see the box left.
done. a move like this in the late friday hours is very very rare. G8 meeting is doing the job. i think we will see a very volatile market next week as well.
pbt&ca
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meine augen sind die sterne
  • #111,937
  • May 18, 2012 3:47pm May 18, 2012 3:47pm
Quoting meshka
EURUSD trade... will look to buy it next week. Gold looks good too on weekly - pin from 1550.
yes i saw this too, i have not even posted it a chart its that obvious, this is the trades j16 traders really wait for this is very exciting indeed, 1.3 seems the potential target.
  • #111,938
  • May 18, 2012 3:50pm May 18, 2012 3:50pm
Quoting Bones
good sell op ,watch daily
This is what I see and what I'm looking for...
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  • #111,939
  • May 18, 2012 5:12pm May 18, 2012 5:12pm
Hi All,

Classic James16 set up on EURUSD Daily.

Solid BUOB at swing low.

Double bottom with divergence off major PPZ @ 1.2600 - 1.2650

Space for move back to next major PPZ @ 1.2950 - 1.3000

FTA 1.2850

Also keep a close eye on 1.2900
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  • #111,940
  • May 18, 2012 5:53pm May 18, 2012 5:53pm
I would say look at the story of that pin ,only take the break ,pls check monthly and tell me what you see


Quoting fxgroup
This is what I see and what I'm looking for...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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