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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

  • #112,181
  • May 24, 2012 10:26am May 24, 2012 10:26am
lol not really

gold small is beautiful

small has confluence and in line with monthly
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  • #112,182
  • May 24, 2012 10:27am May 24, 2012 10:27am
small also has confirmation the next day !!
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  • #112,183
  • May 24, 2012 10:29am May 24, 2012 10:29am
so lower pin not real ,not at all in fact its caused by sellers ,they take profit at support
True direction of gold is down as per the monthly
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  • #112,184
  • May 24, 2012 10:33am May 24, 2012 10:33am
I hope that helps you understand
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  • #112,185
  • May 24, 2012 10:36am May 24, 2012 10:36am
Also gbp usd im trying to help ,not all pins are what they say they are or

we would all be rich

James has already taught here look for confluence ,use fibs for a start ,mas ,a slow down in trend opposing not right after large move

large move = risk ,wait for confirmation on them ,save money ,become trader





Quoting Bones
Failed why ?
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  • #112,186
  • May 24, 2012 12:24pm May 24, 2012 12:24pm
Quoting Bones
lol not really

gold small is beautiful

small has confluence and in line with monthly
Hi Bones,

May I ask you something?
I have some difficulties to follow all what you say on your charts (supply / demand stuff, for example), but I guess it will come with study and practice...
On this chart, you have taken many position after the 1st bearish PB. I can see the reason: if it goes down, why not take profit of it. Especially on a fast move.
But, how did you decide where to take position after the 1st one? And even the initial sell position: what where your evidences, since you obviously didn't wait for the break?

Thanks for your help
Slow & steady
  • #112,187
  • May 24, 2012 1:20pm May 24, 2012 1:20pm
For the followers of Jarroo's methods: I have attached my first attempt at drawing HCR/LCS levels (done on the AUD/USD). What I have done is looked at monthly, weekly, and daily levels and drawn those. My horizontal lines are:
Red= Monthly HCR/LCS levels
White= Weekly HCR/LCS levels
Blue= Daily HCR/LCS levels

Jarroo has sent me several PM explaining what he does and I know he is busy and not always able to check his PM inbox, so can anyone in here help me out with how good/bad I did here?

It just seems like I have too many lines on my chart, it doesn't look like what I see from some of you guys when you post your charts for Jarroo to look at. You guys always seem to only have a few HCR/LCS levels to look at.

Any help would be appreciated!
Attached Image (click to enlarge)
Click to Enlarge Name: hcrlcs attempt1.gif Size: 32 KB
  • #112,188
  • May 24, 2012 1:42pm May 24, 2012 1:42pm
Quoting mbarker22
For the followers of Jarroo's methods: I have attached my first attempt at drawing HCR/LCS levels (done on the AUD/USD). What I have done is looked at monthly, weekly, and daily levels and drawn those. My horizontal lines are:
Red= Monthly HCR/LCS levels
White= Weekly HCR/LCS levels
Blue= Daily HCR/LCS levels

Jarroo has sent me several PM explaining what he does and I know he is busy and not always able to check his PM inbox, so can anyone in here help me out with how good/bad I did here?

It just seems like I have too many lines on my chart,...
I can't mark up a chart now, but I will mark up an AU later tonight. One thing I do is only keep a couple of them on my charts at a time is to only mark up the really obvious daily ones (deep swing points and strong consolidation areas), and ones that are relatively recent.

Another consideration if you're just learning jarroo's concepts is to only mark up great weekly lines and and wait for price to arrive. When it get's close add in daily levels for confluence. I believe if you get good at trading/managing strong weekly levels, it's probably enough to take plenty of pips out of the market with nice returns.
  • #112,189
  • May 24, 2012 1:42pm May 24, 2012 1:42pm
High P in all honesty I disliked the weekly pin bar a lot and thought incorretly that we would sail through ,really im very new to this pattern



Quoting patapouer
Hi Bones,

May I ask you something?
I have some difficulties to follow all what you say on your charts (supply / demand stuff, for example), but I guess it will come with study and practice...
On this chart, you have taken many position after the 1st bearish PB. I can see the reason: if it goes down, why not take profit of it. Especially on a fast move.
But, how did you decide where to take position after the 1st one? And even the initial sell position: what where your evidences, since you obviously didn't wait for the break?

Thanks for your...
Attached Image (click to enlarge)
Click to Enlarge Name: gold h4 entery 24-5 now.gif Size: 22 KB
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  • #112,190
  • May 24, 2012 1:45pm May 24, 2012 1:45pm
its tricky really hard to say without doubt but top one im happy with ,I expect w1 wick (sorry) to be covered
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  • #112,191
  • May 24, 2012 1:47pm May 24, 2012 1:47pm
infact your kill me but I took trade 4 after that pin was created


Quoting Bones
High P in all honesty I disliked the weekly pin bar a lot and thought incorretly that we would sail through ,really im very new to this pattern
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  • #112,192
  • May 24, 2012 1:50pm May 24, 2012 1:50pm
just didnt look nice ,pretty I like lol
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  • #112,193
  • May 24, 2012 1:52pm May 24, 2012 1:52pm
I drew channel today

http://www.forexfactory.com/showthre...56#post5697356

before price hit ,it was respected nicely
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  • #112,194
  • May 24, 2012 1:53pm May 24, 2012 1:53pm
so I took no 5
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  • #112,195
  • May 24, 2012 2:00pm May 24, 2012 2:00pm
Quoting Gs-pips
Hi all, can anyone recommend the PF please, I really need some solid foundation to build on, I have been trading about 1 year and going backwards, time to take things seriously. Back to demo and J16 method. Any advice appreciated.
Hey GS

Welcome

Have you been through the beginning of this thread? I always tell people to read the first few hundred pages paying specific attention to post 1 and all of James16 posts. Also check out the free guest section of the site, it has some great stuff.

Let us know if you have questions as you progress!

Mike
  • #112,196
  • May 24, 2012 2:12pm May 24, 2012 2:12pm
great great area to watch. 1.3 MAJOR PPZ, now channel may be breaking. Time to watch this entire PA . I am open to both ways but if we start to close outside this rising TL I am looking for shorts. Closes above 1.3 looking for longs

Keep it simple

Mike
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  • #112,197
  • May 24, 2012 2:13pm May 24, 2012 2:13pm
Quoting bullzeye
GBP/CHF

entered a long trade after the Resistance turns support area and above the BUOB, SL to BE

Attachment
Well done Bullzeye. I had this noted too but was hoping for a retrace of the BUOB back to near the 1.48 level before entering. I like to keep my stops as low as possible. Did you have your stop loss behind the BUOB?.
  • #112,198
  • May 24, 2012 2:15pm May 24, 2012 2:15pm
Thanks for welcome Mike, Yes I have been through the beginning of the thread and checked out all the guest material at site. I havnt started practicing on anything yet just studying charts to see what happens . I am also trying to follow what some of the other members post but sometimes find it way over my head. I feel I need to start with basics and build from there, walk before running if you know what I mean?
  • #112,199
  • May 24, 2012 2:37pm May 24, 2012 2:37pm
Quoting mbarker22
For the followers of Jarroo's methods: I have attached my first attempt at drawing HCR/LCS levels (done on the AUD/USD).

Any help would be appreciated!
I'm no expert at jarroo's stuff, but I'll give a shot. This post is how I drew my monthly levels. I'm not sure others look as far left on the charts as me, but here goes.

I started at the previous extreme HCR and marked my first level there. I immediate notice what's going on at points 2 and 3 to theright (price current target I believe). Notice how there is a cluster of 3 HCR/LCS bracketing RN .9600. This confluenced area is currently my primary location to watch for PA on monthly to 4H.


I added 4 because it is top of current consolidation. This is what I'm currently watching on monthly. There are several more minor ones you could draw. I keep them in mind and may draw them in if I enter a trade or as price approaches. The most major ones to me are at extrem swings, those that define consolidation, and have had great previous reactions.
Attached Image (click to enlarge)
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  • #112,200
  • May 24, 2012 3:02pm May 24, 2012 3:02pm
Thank you Donkey, your help is greatly appreciated!!!

Quoting Donkey
I'm no expert at jarroo's stuff, but I'll give a shot. This post is how I drew my monthly levels. I'm not sure others look as far left on the charts as me, but here goes.

I started at the previous extreme HCR and marked my first level there. I immediate notice what's going on at points 2 and 3 to theright (price current target I believe). Notice how there is a cluster of 3 HCR/LCS bracketing RN .9600. This confluenced area is currently my primary location to watch for PA on monthly to 4H.


I added 4 because it is top of current consolidation....
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