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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

  • #112,421
  • Edited May 30, 2012 5:04pm May 29, 2012 7:45pm | Edited May 30, 2012 5:04pm
Quoting mbarker22
What are everyone's thoughts on this potential setup? Jarroo mentioned this as an area to watch this week. As I type price is approaching the 9400 level, which to me has been major resistance. To me this looks like consolidation on the daily tf. Since I am new to this still, should I be looking at how price reacts to this level and then trade based on that if I get PA from this thread (pinbar)? I am really not sure what to do here.
Quoting jarroo
Sure thing mbarker . .

Let's watch this CadChf Monthly level on the Weekly and Daily.

This level maybe all Bamed out for going short and we may start seeing some Closes Above these Weekly and Daily HCR levels.

We would like it if the levels were tighter together, but we'll watch where Price closes in the coming week(s) . .

Hey mbarker . .here's what we got . .


We have a nice build of Resistance on the Weekly and Daily.

We have a Weekly Highest Close of Resistance (HCR) level and a Triple Action HCR level (3 HCR level lining up at the same level . .pretty close) on the Daily.

Price has now Broke Through and Closed Above these levels on the Weekly and Daily TFs. . These strong levels of Resistance levels have good chance of "flpipping" to a strong Support level . .correct?

So a Touch Trade at these levels long is very possible . .Or . .we can get better confirmation that the transitition from Resistance to Support took place by some Bullish PA ( Bullish Outside Bar, Buliish PB, etc,) at these now Support levels . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #112,422
  • May 29, 2012 7:46pm May 29, 2012 7:46pm
Quoting 5.25
5 pips!? You're getting sloppy Jim. Maybe it was the spread?

Thanks for all your work.
lol . . .back at you , T . .great charts . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,423
  • May 29, 2012 7:51pm May 29, 2012 7:51pm
Quoting mbqb11
here is a chart I posted in the PF today, and the previous chart. This is what I am watching for.

It's a fantastic level but were in a tight squeeze. Be aware of that if PA shows up for shorts right now. I prefer to wait till we squeeze out

Best
Mike
Mike and I on the CadChf are on the same page . .same book . .

. . .maybe a different paragragh but definitely on the same page . .



Jim
Indicators show the past. Price Action "Indicates" the future.
  • #112,424
  • May 29, 2012 8:02pm May 29, 2012 8:02pm
Quoting Donkey
This one could break down for sure, however, I would be watching it really closely. I see this one trading into a significant weekly level that could act as support and give a bounce resuming the up trend. A few thoughts on my charts (as I type price testing the top of the wkly level). Will be a good one to watch.
Great level (Daily HCR), D . .That sucker just couldn't Close Above that HCR level .. no surprise on the break down as you said . .
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Indicators show the past. Price Action "Indicates" the future.
  • #112,425
  • May 29, 2012 8:05pm May 29, 2012 8:05pm
Quoting mbqb11
updated chart.

BUOB was our Preemptive breakout bar, and now price has started to make it's way higher. Was just a nice story on this one, that's all we want

Classic Mike . .very nice . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,426
  • May 29, 2012 9:11pm May 29, 2012 9:11pm
Thanks for the post Jarroo. Would you be looking for bullish PA on a lower tf like 4 hour or 1 hour or strictly from the daily charts?

Quoting jarroo
Hey mbarker . .here's what we got . .


We have a nice build of Resistance on the Weekly and Daily.

We have a Weekly Highest Close of Resistance (HCR) level and a Triple Action HCR level (3 HCR level lining up at the same level . .pretty close) on the Daily.

Price has now Broke Through and Closed Above these levels on the Weekly and Daily TFs. . These strong Resistance levels have good chance of "flpipping" to a strong Support level . .correct?

So a Touch Trade at these levels long is very possible . .Or . .we can get better confirmation...
  • #112,427
  • May 29, 2012 9:19pm May 29, 2012 9:19pm
Quoting mbarker22
Thanks for the post Jarroo. Would you be looking for bullish PA on a lower tf like 4 hour or 1 hour or strictly from the daily charts?

Yes, I would look for Hourly, 4 Hour and/or Daily Bullish PA at these levels . .some nice size PA . .the kind that would make Mike proud . .
Indicators show the past. Price Action "Indicates" the future.
  • #112,428
  • May 29, 2012 9:40pm May 29, 2012 9:40pm
Quoting jarroo
Hey tinker . .really no special skill involved . .unless you consider practise and chart time a skill.

Jim
Here's the quote Jim
  • #112,429
  • Edited 10:11pm May 29, 2012 9:57pm | Edited 10:11pm
Quoting mbqb11
Here's the quote Jim

Oh Ok . .putting in the time and practise are a must to get good at anything, right? . . .I wasn't born with this stuff in my head . .lol .

The next step is seeing for yourself and calling it your own . . . .studying charts is one thing but seeing it . .implementing it . .etc. for yourself is where it really starts to hit home for people . it was for me, at least.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #112,430
  • May 30, 2012 12:40am May 30, 2012 12:40am
Good job Jim I really like you ,nice person ,very helpfull ,great trader

Quoting jarroo
Oh Ok . .putting in the time and practise are a must to get good at anything, right? . . .I wasn't born with this stuff in my head . .lol .

The next step is seeing for yourself and calling it your own . . . .studying charts is one thing but seeing it . .implementing it . .etc. for yourself is where it really starts to hit home for people . it was for me, at least.

Jim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,431
  • May 30, 2012 2:01am May 30, 2012 2:01am
Quoting jarroo
Hey tinker . .really no special skill involved . .unless you consider practise and chart time a skill.

Remember these were Swing points and their HCR/LCS levels . that were very reactive initially. But as time passes and traffic gathers around these levels, they lose they reactiveness . .still tradable but now we are trading into traffic / consolidation . .not good.

When this occur, I'll go to the Weekly where everything is smoothed out and clearer to see.

Pinbar . . Yes, more recent levels work very well .most recent Weekly LCS level ....

Yes Jim, that recent LCS was a nice area, and this H4 BEOB continuation bar was good.

Albeit, a little early in the day.
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  • #112,432
  • May 30, 2012 6:33am May 30, 2012 6:33am
Bullish Pin Bar in a making for H4 TF..??

Sonic
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  • #112,433
  • May 30, 2012 6:34am May 30, 2012 6:34am
It was mentioned to me that, the images I am posting are JPEGs and thus, not very clear.
This is odd because, the image I saved with MT4 appears as a GIF on my desktop and the properties view, confirms this.

I also right clicked on both Jarroo's imaged he posted and in the thread and chose view image info and it reports as being JPEGs, as do mine when right clicking on the posted image and viewing the image info.

Yet, the person that kindly mentioned this to me says, my posted images are JPEGS but Jarroo's are not.

How weird.

The images in this post are all PNG files, except the last one. So, if you right click and view the image info, it will only report them as PNG or JPEG. Try one of Jarroo's or a my last post to see what the image info displays.
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  • #112,434
  • May 30, 2012 6:43am May 30, 2012 6:43am
Quoting Pinbar
It was mentioned to me that, the images I am posting are JPEGs and thus, not very clear.
This is odd because, the image I saved with MT4 appears as a GIF on my desktop and the properties view, confirms this.

I also right clicked on both Jarroo's imaged he posted and in the thread and chose view image info and it reports as being JPEGs, as do mine when right clicking on the posted image and viewing the image info.

Yet, the person that kindly mentioned this to me says, my posted images are JPEGS but Jarroo's are not.

How weird.

The images...
both yours and Jims show as jpg files to me. Apart from the PNG recently.
  • #112,435
  • May 30, 2012 6:48am May 30, 2012 6:48am
Hello everyone! I know this is not James teaches... going long into a pinbar on retracement! Regardless, did anyone also go long on this one yet or waiting for the pin to break up?
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  • #112,436
  • May 30, 2012 6:49am May 30, 2012 6:49am
Quoting sonicdeejay
Bullish Pin Bar in a making for H4 TF..??

Sonic
could be, but the trouble areas are many and often.
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EDIT:- and it's a small bar too m8.
  • #112,437
  • May 30, 2012 6:51am May 30, 2012 6:51am
Quoting Cricketer
Hello everyone! I know this is not James teaches... going long into a pinbar on retracement! Regardless, did anyone also go long on this one yet or waiting for the pin to break up?
that's not really a pin m8. check out pinbars sig and you'll find an example of what you're after. Or look at gold weekly, that was a great pin (in shape at least).
And this one didn't break yet either. If you're going by J16 stuff, you need to check out page 1 really
  • #112,438
  • May 30, 2012 6:54am May 30, 2012 6:54am
Quoting beebolbod
both yours and Jims show as jpg files to me. Apart from the PNG recently.
Thanks BB.

That is the conclusion I also arrived at.

PS: Here is a nice shaped PB.
Attached Image
  • #112,439
  • May 30, 2012 6:56am May 30, 2012 6:56am
Hello all. I've spotted indecisive candles in AUD/JPY and AUD/USD . Will it be a valid setup to go short on the break of those candles. I know it's already late, but wanted to know about the member's opinions.
  • #112,440
  • May 30, 2012 7:01am May 30, 2012 7:01am
Quoting Pinbar
It was mentioned to me that, the images I am posting are JPEGs and thus, not very clear.
This is odd because, the image I saved with MT4 appears as a GIF on my desktop and the properties view, confirms this.

I also right clicked on both Jarroo's imaged he posted and in the thread and chose view image info and it reports as being JPEGs, as do mine when right clicking on the posted image and viewing the image info.

Yet, the person that kindly mentioned this to me says, my posted images are JPEGS but Jarroo's are not.

How weird.

The images in this...
I think the forum automatically converts pics to jpg , when they are bigger.
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