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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

  • #112,281
  • May 25, 2012 10:41am May 25, 2012 10:41am
Hi mike ,I use d1 close
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,282
  • May 25, 2012 10:48am May 25, 2012 10:48am
Quoting Bones
Hi mike ,I use d1 close
You know that I just want to help. I hope you will not be the last seller selling this thing. We can not just close our eyes to the Weekly Hammer. Stop loss is the only variable that we as traders can control. I hope your trade will have a good outcome. Remember fear can lead to a freeze response. Do not let this happen to you.
  • #112,283
  • May 25, 2012 12:03pm May 25, 2012 12:03pm
Quoting fx9999
Hey Bones, not to offend. But i see that maximum of the trade u take is against the trend and upon that u open mutiples positions. This just confuses me a lot. as per james16 methd, we should trade according to the trend using price actions, but u do the reverse of it ? and myself being a newbie and just starting up with the price action trading, i really get nervous or feel myself mistaken when i see u have took the opposite of my trades.
Hey Bones I agree with this and also no offence you are obviously a great trader but I cant make head nor tail of why you have entered at your levels etc. if you post your charts could you explain why you entered where you did thanks mate
  • #112,284
  • May 25, 2012 12:14pm May 25, 2012 12:14pm
Quoting Pinbar
Then clean up the people like Edgy540 who are instigating this kind of discussion. This is all this guy ever does and you must realize this already? Perhaps being a PF lifetime member gives them the right to go unchecked? It seems rather ridiculous. But, not totally unfeasible, going on personal previous experience.

Yeah, as you told me, I have a target on my back, but this does not give any unhelpful Jerk the right to shoot at it, or does it?

This is the problem with this thread, the people taking the arrows get warned but those in the PF,...
Hey Pin
I always like your charts they always explain everything clearly, I am a relative newbie and enjoy your posts but this guy bones just puts up trade and chart after chart with no explaination what so ever and it means finding the useful posts in the thread hard to find!
  • #112,285
  • May 25, 2012 12:18pm May 25, 2012 12:18pm
Quoting haircut
Hey Bones I agree with this and also no offence you are obviously a great trader but I cant make head nor tail of why you have entered at your levels etc. if you post your charts could you explain why you entered where you did thanks mate
hahahahah sorry Bones making my way thru the thread and didnt see your charts explained sorry dude!
  • #112,286
  • May 25, 2012 12:19pm May 25, 2012 12:19pm
Thanks Mike ,really I have a lot of tools outside this thread ,confluence to know I am good in my thoughts ,if the tl we are at confirms it only adds to the thought that i am right.

This account is locked at max (micro) I also have eur jpy short in it with good profit in all honsety I would add there



Quoting Michael-SPA
You know that I just want to help. I hope you will not be the last seller selling this thing. We can not just close our eyes to the Weekly Hammer. Stop loss is the only variable that we as traders can control. I hope your trade will have a good outcome. Remember fear can lead to a freeze response. Do not let this happen to you.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,287
  • May 25, 2012 12:20pm May 25, 2012 12:20pm
Quoting haircut
Hey Pin
I always like your charts they always explain everything clearly, I am a relative newbie and enjoy your posts but this guy bones just puts up trade and chart after chart with no explaination what so ever and it means finding the useful posts in the thread hard to find!
hahahahha sorry again Bones should have read the whole thread before trapping off mate! Keep posting and explaining
  • #112,288
  • May 25, 2012 12:30pm May 25, 2012 12:30pm
Point taken ,although he was rude first ,I like cheeky but not rude ,
no probem

edge540 has made a mistake with the trade in the fact that he thinks its a runner I feel without a retrace much higher than his trade



Quoting Ender2492
So you're not a real trader, but you're trading an account with real money?

Sorry, I'm just a little confused here so a little clarification might be necessary.

And by the way, I really do not like or appreciate the fact that you're attacking people like edge540. If you listed out all of your confluence (J16 reasons for taking the trade) and posted clean, logical charts like he did, I would not mind you posting here. As was stated before by multiple people, your charts are cluttered, confusing, hard to follow, and are not a J16 style of trading....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,289
  • May 25, 2012 12:58pm May 25, 2012 12:58pm
in all honesty this is my most risky trade but I just like the weekly so pretty ,falling tl is long way off

Gold is pretty with long nose yes ,but within congestion ,also after a really negitive bar is the main reason I dont like

It does not make sense to me
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,290
  • May 25, 2012 1:17pm May 25, 2012 1:17pm
If you look the falling TL was broke when weekly pin broke ,but respected today ,I would like close (or open sun) over blue line ,(from weekly chart above)

I see as retrace to TL above set up could take some time
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,291
  • May 25, 2012 1:19pm May 25, 2012 1:19pm
Quoting Quezoy
A probable scenario?
noticed also
If not up, then down, otherwise sideways :-)
  • #112,292
  • May 25, 2012 1:26pm May 25, 2012 1:26pm
I look at TL on hourly and is respected also lines up with bearish weekly low before pin



Quoting Bones
Thanks Mike ,really I have a lot of tools outside this thread ,confluence to know I am good in my thoughts ,if the tl we are at confirms it only adds to the thought that i am right.

This account is locked at max (micro) I also have eur jpy short in it with good profit in all honsety I would add there
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,293
  • Edited 1:51pm May 25, 2012 1:39pm | Edited 1:51pm
Quoting mbqb11
Yes guys, let's not turn this thread into a post whatever is on my mind thread liek the Eur/usd thread or Gbp/Usd thread.

I would rather not having to start cleaning up this thread. This thread is meant for NEW traders. So what are we here to do but help new traders. If you have a chart, post your explanation with it. Not just a buy or sell order that doesn't help people UNDERSTAND.

Please let's not have me have to clean up posts.

For example here is a trade I am in, with a full explanation. This is a touch trade using the concepts...
Hey, Mike. Was asking you about that if you remember.
Quoting mbqb11
Hey Magestic

Yes you are starting to think about things in the right way. This one is starting to show fading momentum, but I would really like to see price try to make one more new low and shoot quickly higher. Then we would want to really see price close back above the box and by that point above the lows around 9300. 9300 is a fantastic pivot so it's not surprising to see price consolidate here. I have had this area on my watch list since march(see chart)

Also I attached an example chart of what I mean. I t's a crude drawing but to give you an idea what would give me more strength of a loss of momentum as well as a strong confluenced area for price to be able to work higher.

Best
Mike
Glad I'm starting to notice things right. I took this one on a large BUOB that burst off 0.9300, marked on the chart, with my SL below it. It held after a large bearish bar after BUOB (or Maybe call it DBLHC). Still in drawdown, but i used PA, coz I dont understand touch trades yet. SL is below new support. This zone is minor flip point. If it hold it will hold futher. Was it a valid entry? Is my entire view right?
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If not up, then down, otherwise sideways :-)
  • #112,294
  • May 25, 2012 2:38pm May 25, 2012 2:38pm
Quoting aserbfx
british alcatel formed a weekly buob at area of demand.
looks like demand is still there...
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meine augen sind die sterne
  • #112,295
  • May 25, 2012 2:59pm May 25, 2012 2:59pm
Quoting Bones
Point taken ,although he was rude first ,I like cheeky but not rude ,
no probem

edge540 has made a mistake with the trade in the fact that he thinks its a runner I feel without a retrace much higher than his trade
Saturday morning down in this part of the world and I got stopped out at BE on my EUR/GBP trade last night.
May be I was too tight on my SL placement but BE is a win in my book.
In hindsight (always 20/20) I should have taken profit down at the 80 level before the London open but I didn't.The London open seems to create a fair bit of volatility and I should have expected that and managed the trade accordingly.Notice how the price took out my SL and then carried on the direction of my original trade plan....No feelings here Bones just PA trading as J16 teaches.
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  • #112,296
  • May 25, 2012 4:24pm May 25, 2012 4:24pm
Cool edge I want no trouble and see my approach has been a bit steam roller ,lol ,I want to be a good poster in line with the thread
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,297
  • May 25, 2012 9:39pm May 25, 2012 9:39pm
Quoting Pinbar
Yes, Jim.
I was asking about you as we do not see J16 nearly as often.

Totally agree and, it was no big surprise where it bounced at these former double barrels.

Looks like a classic in the making, Pinbar . .that's if it comes back. . . lol.

That Weekly LCS, 1.2531 way back when is coming into play again . .due to the Space.

Also keep an eye on the Monthly LCS, 1.2235. nice confluence with the 365 ema.
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Indicators show the past. Price Action "Indicates" the future.
  • #112,298
  • May 25, 2012 9:58pm May 25, 2012 9:58pm
Quoting Bones
lol not really

gold small is beautiful

small has confluence and in line with monthly
Hey Tony . .if you start lining up thoses trendlines with some S/R level confluences . .then now you're talking . .

Throw in an additional Fib confluence with those levels . . then you're looking like a classic Raczekfx setup . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #112,299
  • May 25, 2012 10:28pm May 25, 2012 10:28pm
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 at.

Any help would be 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....
Hey D . .I would call you an expert on Donkey's stuff . .

Great levels lining up on mutliple higher TFs . .great area to watch . .in either direction.

mbarker22, just focus on the Deep Swing points and their LCS/HCR levels that are relative to current Price. That should keep your chart looking clean and simple . .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,300
  • May 25, 2012 10:30pm May 25, 2012 10:30pm
Quoting Donkey


So here's my chart after adding the weekly levels, with my thoughts on them. You can see when you start adding a lot of the levels from different time frames, you can definitely have several lines on them....thing is they all can be important.

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