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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

  • #113,041
  • Jun 12, 2012 4:47am Jun 12, 2012 4:47am
Ib4 at mo




Quoting Bones
Its not the norm that D1
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,042
  • Jun 12, 2012 4:53am Jun 12, 2012 4:53am
Quoting masterkie
Many thanks Pin, that helped a lot man. Very much appreciated. Love it when people share knowledge, they deserve the best in life Respect.
Glad I could be of a little assistance.
Oops forgot to say Welcome to the thread.
Mike said it.

Welcome to the best thread around.
  • #113,043
  • Jun 12, 2012 5:48am Jun 12, 2012 5:48am
So... just joined the james16group. I have a little bit of experience trading forex, so I was able to pick up on all of the tutorials quite quickly.
Either way, here are some demo set ups I took last night on the four hour chart.
I took a couple others that aren't shown here. Excellent short term trades. Woke up with demo gains
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  • #113,044
  • Jun 12, 2012 6:18am Jun 12, 2012 6:18am
Quoting mtc235
Pinbar, On my chart the close is below both the Weekly and Daily LCR or HCS lines, but maybe I didn't draw the lines correctly. Thanks for posting charts showing where the lines show go.

Thanks. It's great to be here learning.
MTC

I just put that line on the weekly chart as it is a PPZ that price was still above or just below at the time.

We can see a Zone at which above is acting as support and below resistance.
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  • #113,045
  • Jun 12, 2012 7:19am Jun 12, 2012 7:19am
Got taken out of the last portion of the position, just above the 50 fibo.
Still, it was a good learning experience and profitable.
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  • #113,046
  • Jun 12, 2012 7:42am Jun 12, 2012 7:42am
Quoting 5.25
Nice MTC , welcome to the thread.

I executed the very same trade. Consolidation, pull back, retest and entry. Trading into space. I've already locked in some profits. Can't post a chart as yet.

Nice break to the down side huh?

T

Agreed !!!!!
Human
  • #113,047
  • Jun 12, 2012 7:44am Jun 12, 2012 7:44am
Morning guys. First Post here.

This isn't exactly a great pair due to the spread but how is this looking?

Cheers
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  • #113,048
  • Jun 12, 2012 7:49am Jun 12, 2012 7:49am
Guidance plz
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Human
  • #113,049
  • Jun 12, 2012 7:57am Jun 12, 2012 7:57am
Haven't seen this posted yet. Good long opportunity at 0.7400 , price broke through previous lows and trendline and now hopefully support will kick in at that level. Looking for at least 4H PA.
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Every bar tells a tale
  • #113,050
  • Jun 12, 2012 8:00am Jun 12, 2012 8:00am
Quoting Chanya
Guidance plz
Yeah, it is a bit confusing.
This is what I am doing to try and make sense of it.
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  • #113,051
  • Jun 12, 2012 8:06am Jun 12, 2012 8:06am
Quoting ricosta
What you guys think about this setup?

My assessment is: Nice strong S/R around the 79.72 (SL beyond that) Bearish inside Bar and bearish entry with the larger trend BUT against the short term trend. Once price gets back down I'll monitor the 79 level. If price has problems there I'll get out with a small profit. If it goes through smoothly I'll aim for 77.96 trailing. I don't expect it to break the 79.72 but of course I might be wrong.

BTW, is it ok to discuss setups in this way?
Hey Rico

I put some notes on a chart for you and yes it is more than fine to post charts with questions, exactly what we try to do here. I am guessing your email you sent to me I am responding now.

Best
Mike
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  • #113,052
  • Jun 12, 2012 8:18am Jun 12, 2012 8:18am
good trade opportunity coming up..
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  • #113,053
  • Jun 12, 2012 8:42am Jun 12, 2012 8:42am
Quoting Chanya
Guidance plz
hi sir... I just give my point of view as a newbie follower jarroo method.

If you go down to Lower TF then you can see that there are chance to entry and the entry sometimes work well but it sometimes not work well. I'm sorry for my poor english.
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  • #113,054
  • Jun 12, 2012 8:56am Jun 12, 2012 8:56am
Quoting dafox1
good trade opportunity coming up..
hi dafox....

this is my view of GU ... 4hr tf
down side potential break out.....

cheers
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  • #113,055
  • Jun 12, 2012 9:11am Jun 12, 2012 9:11am
Maybe finally we'll get a breakout I almost got caught when price touched ppz last time
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  • #113,056
  • Jun 12, 2012 9:20am Jun 12, 2012 9:20am
Quoting mrhb30jr
hi dafox....

this is my view of GU ... 4hr tf
down side potential break out.....

cheers
yeah, that's what I'm hoping for. Would be a strong move...
  • #113,057
  • Jun 12, 2012 9:35am Jun 12, 2012 9:35am
Quoting mbqb11
Hey Rico

I put some notes on a chart for you and yes it is more than fine to post charts with questions, exactly what we try to do here. I am guessing your email you sent to me I am responding now.

Best
Mike
Thank you, Yes, a few points I haven't taken into consideration. Most likely get out at small profit and wait for a clear breakout.

Yes my mail, see you inside soon
  • #113,058
  • Jun 12, 2012 9:51am Jun 12, 2012 9:51am
Such an awesome trade setup I missed !!!

Look at the confluence that was present ....
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Human
  • #113,059
  • Jun 12, 2012 10:16am Jun 12, 2012 10:16am
Jim,Mike and Seniors,

I would like to know of some high probability setups that you use.

I mostly look for double/triple top/bottoms + MACD divergence with bar confirmation. So far it has a 90% success rate, for me at least.

Is there any other high probability setups like the one i mentioned above?.

Thanks.
  • #113,060
  • Jun 12, 2012 10:28am Jun 12, 2012 10:28am
Quoting zamfir
Jim,Mike and Seniors,

I would like to know of some high probability setups that you use.

I mostly look for double/triple top/bottoms + MACD divergence with bar confirmation. So far it has a 90% success rate, for me at least.

Is there any other high probability setups like the one i mentioned above?.

Thanks.
Hey Z

It's all about creating a story for me. This can come in many shapes and forms. It's not one set of specific things, but rather being flexible when a situation arises utilizing the different concepts we use here.

If you click my name and go through my attachments you can find a lot of examples and see what I mean by situation to situation

Best
Mike
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