james16 Chart Thread | Page 5694 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #113,861
  • Jul 1, 2012 10:52am Jul 1, 2012 10:52am
Quoting jerbersoftfx
BTW Mike, do you have a material about the box thingy? Or is it just a simple box drawn to see the ranging price action?

Thanks in advance.
Hey Jerb

Boxing is just as you said. A simple box to show the market is consolidating. Good boxes can tell us a great deal. Both about the the market right NOW, and also what may happen when the market gets outside the box. Markets constantly are consolidating breaking out, consolidating breaking out. It may not be perfect at all times, far from it. But it gives us a lot of info. Boxes also will often box on TOP of each other. This then forms another concept taught here known as PPZ(price pivot zones). Flips of support and resistance.

Simple but powerful tool

Here is a chart with clear boxing.

http://www.forexfactory.com/showthre...37#post5691337

Notice now the updated chart where price bounced

Best
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 34 KB
  • #113,862
  • Jul 2, 2012 12:00am Jul 2, 2012 12:00am
Hello all. I also began to learn PA. What do you think, this is good setup?
Pin (bit is not ideal) hit TL + PPZ + BRN (slightly higher).

p.s. sorry my bad english

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
P.S. Sorry my bad english
  • #113,863
  • Jul 2, 2012 1:18am Jul 2, 2012 1:18am
Quoting ghous
There was always this rule i.e foreign currency cannot be transferred from a local bank account in Pakistan to a foreign company/organization abroad with a few exceptions like sending money to a foreign University for enrollment. For business pruporses it is absolutely forbidden. Its funny though, that the money "coming in" through a foreign company to individual bank account here doesn't meet the same strict regulations (possibly because they like the feel of foreign reserves entering into Pakistan). Even funnier is the fact that I did such a...

ghous...I always solute u to be so comprehensive in your replys
  • #113,864
  • Jul 2, 2012 2:18am Jul 2, 2012 2:18am
Hi Jarroo, I've been following/learning your method for a while, just wondering if you could have a look at these charts of mine and let me know your thoughts and opinions on them.

EU Weekly & Daily - Failed levels. Put down the Weekly (W) LCS levels. Traded of the Daily. Are these valid W levels ? Any reason why you think this trade failed ?

Attached Image (click to enlarge)
Click to Enlarge Name: 02-07-2012 07-37-36.jpg Size: 71 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 02-07-2012 07-39-19.png Size: 26 KB


EUR/NZD Weekly & Daily - Seems to be a winning trade. I'm more interested in whether you consider these W LCS levels valid. Are they at the correct swings that you yourself would have ?

Attached Image (click to enlarge)
Click to Enlarge Name: 02-07-2012 07-46-52.png Size: 18 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 02-07-2012 07-49-00.png Size: 10 KB


AUD/USD Daily Setup - Just a setup im currently looking at. PBT&CA Daily HCR (is it valid/good level) - Waiting for a pullback to the HCR. Targets plotted in red. Whats your thoughts/opinion on this setup Jarroo ?

Attached Image (click to enlarge)
Click to Enlarge Name: 02-07-2012 07-50-12.png Size: 24 KB


G/U Daily Setup - Here is another setup im looking at. However, PBT&CA a Daily LCS level (bottom green line). Whats the situation when price does this. Im still new to this so should I only look for long setups when price has broke HCR and shorts when Price has broke LCS levels ? In this particular setup. Price has broken and closed above LCS level. Whats your opinion ?

Attached Image (click to enlarge)
Click to Enlarge Name: 02-07-2012 07-55-48 GU Daily setup.jpg Size: 68 KB


Oh one last question. Since im new to this im trying to limit myself to around 8-10 pairs to monitor. Doing all 47 is too much for me at the moment as it takes a while for me to analyse each pair, plot the levels etc. Which 8-10 pairs would you recommend ?

Sorry for the long post
Any advice would be great

Cheers
Dan
  • #113,865
  • Jul 2, 2012 5:04am Jul 2, 2012 5:04am
good day guys , any one is having a compiled pdf for jaroo method ???
  • #113,866
  • Jul 2, 2012 7:03am Jul 2, 2012 7:03am
I am looking at this formation on the weekly for AUD/USD looks like bullish sign BUOE however its at a major PPZ at the 1.0262 area. The top trend line has already been broken but the hourly keeps hitting 1.0262. Daily 200 MA is also at this point. With a breakthrough in 1.0265 I'm expecting it to hit 1.0440 area later this week...We shall see. Critics welcomed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdweekly7022012.gif Size: 23 KB
Click to Enlarge Name: audusddaily7022012.gif Size: 26 KB
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #113,867
  • Jul 2, 2012 7:42am Jul 2, 2012 7:42am
Quoting habahaba
Hello all. I also began to learn PA. What do you think, this is good setup?
Pin (bit is not ideal) hit TL + PPZ + BRN (slightly higher).

p.s. sorry my bad english

Attachment
Hey Haba

Welcome to the thread

Be careful with these remember we want to look for pinbars to go short at nice clean swing high points. This one(although working) is in a very sideways market.

attached is a pinbar at a swing high point. When starting out this is what we want to look for. The other bar would be in traffic and gives new traders a lot of trouble without proper confluence.


See my video on space vs traffic for more clarification

Again welcome to the thread
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 26 KB
  • #113,868
  • Jul 2, 2012 7:58am Jul 2, 2012 7:58am
Quoting forextrini1
I am looking at this formation on the weekly for AUD/USD looks like bullish sign BUOE however its at a major PPZ at the 1.0262 area. The top trend line has already been broken but the hourly keeps hitting 1.0262. Daily 200 MA is also at this point. With a breakthrough in 1.0265 I'm expecting it to hit 1.0440 area later this week...We shall see. Critics welcomed.
Hey Tini

The first thing is the location of the BUOB. Remember we want BUOBs down at swing low points(opposite to my last post about a bearish pin). This would be a BUOB at a swing high and is something new traders should hold off on learning(continuation bars) till they can get them in the traditional spot james teaches.

In this case this chart is very similar to it's correlated nzd/usd I posted yesterday.

Price is essentially boxing in one large box. This midpoint of the largers box which is the stacking of the smaller boxes is a PPZ. We are essentially at this area. The key is if price can get above and hold above this area or not

Hope that helps
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 28 KB
  • #113,869
  • Jul 2, 2012 8:01am Jul 2, 2012 8:01am
Quoting mbqb11
Hey Haba

Welcome to the thread

Be careful with these remember we want to look for pinbars to go short at nice clean swing high points. This one(although working) is in a very sideways market.
Thanks Mike! I completely forgot about the danger of pins in traffic.
P.S. Sorry my bad english
  • #113,870
  • Jul 2, 2012 10:02am Jul 2, 2012 10:02am
Quoting tinny79
Hey Ricosta,
Pin bar is the fakey..
How so, can you please explain? You take a fakey on a smaller time frame becomes Pin on a larger? hmmm.
  • #113,871
  • Jul 2, 2012 10:03am Jul 2, 2012 10:03am
Quoting extremerrage
good day guys , any one is having a compiled pdf for jaroo method ???
looking for something like this myself. Just trying it out.
  • #113,872
  • Jul 2, 2012 10:25am Jul 2, 2012 10:25am
i think that there is a zip some where inside here , but i forgot where exactly in the thread .. i came across it one time but finding difficult to find it again . hope some one will direct us
  • #113,873
  • Jul 2, 2012 12:07pm Jul 2, 2012 12:07pm
Anyone combined 1h suport zone with 15min price action to trade?
If yes what are the results??
  • #113,874
  • Jul 2, 2012 2:28pm Jul 2, 2012 2:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: 44.gif Size: 26 KB
  • #113,875
  • Jul 2, 2012 2:34pm Jul 2, 2012 2:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: 44.gif Size: 28 KB
  • #113,876
  • Jul 2, 2012 3:21pm Jul 2, 2012 3:21pm
Quoting extremerrage
i think that there is a zip some where inside here , but i forgot where exactly in the thread .. i came across it one time but finding difficult to find it again . hope some one will direct us
http://www.forexfactory.com/showthre...es16&page=7579
  • #113,877
  • Jul 2, 2012 4:41pm Jul 2, 2012 4:41pm
Quoting ricosta
How so, can you please explain? You take a fakey on a smaller time frame becomes Pin on a larger? hmmm.
Fakey is just a failed breakout. Most of the A+ pinbars in swing extremes have long wicks that penetrate recent highs/lows. Price breaks out of the consolidation taking out the sell/buy stop orders and quickly flops back to it leaving the breakout participants on offside. It might be PB or any other candle with wick sticking out clearly from consolidation channel.

Its very popular pattern and some call it fakey, headfake, sfp.... All in all its just a name on top of very logical order-flow scenario around S/R
  • #113,878
  • Jul 2, 2012 6:01pm Jul 2, 2012 6:01pm
Quoting mbqb11
Hey Tini

The first thing is the location of the BUOB. Remember we want BUOBs down at swing low points(opposite to my last post about a bearish pin). This would be a BUOB at a swing high and is something new traders should hold off on learning(continuation bars) till they can get them in the traditional spot james teaches.

In this case this chart is very similar to it's correlated nzd/usd I posted yesterday.

Price is essentially boxing in one large box. This midpoint of the largers box which is the stacking of the smaller boxes is a PPZ. We...
aha thanks for the clarification. if trends follow a definite pattern then the current 1.065 PPZ could also be a support of April 2012 turning to resistance area and the price is just as likely to go down..not exactly an A trade huh...why give myself a 50% chance?....wait wait wait...
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #113,879
  • Jul 2, 2012 8:03pm Jul 2, 2012 8:03pm
Quoting Greenhaze
Fakey is just a failed breakout. Most of the A+ pinbars in swing extremes have long wicks that penetrate recent highs/lows. Price breaks out of the consolidation taking out the sell/buy stop orders and quickly flops back to it leaving the breakout participants on offside. It might be PB or any other candle with wick sticking out clearly from consolidation channel.

Its very popular pattern and some call it fakey, headfake, sfp.... All in all its just a name on top of very logical order-flow scenario around S/R
Thats a good way of assessing it overall of a fakey.. there is always so many names for all these types of candles.. fake break, forms a pin like look at a major support or resistance ( breaking it with the tail ).. These are generally always good trades.. and they happen a lot..

Nial fuller has heaps on these..

I trade mostly pin bars at the support or resistance areas lined up on the daily or h4 and i reckon half could be named a fakey as well.. Some people call them kangaroo tails as well..

Look up peter walters as well, like nial fuller but looks for a type of pin bar he refers to as a kangaroo tail. Basically a pin bar at a support or resistance area with room to the left.. That a good probability trade as well..

Overall, all good price action setups..
  • #113,880
  • Jul 3, 2012 1:28am Jul 3, 2012 1:28am
Quoting extremerrage
i think that there is a zip some where inside here , but i forgot where exactly in the thread .. i came across it one time but finding difficult to find it again . hope some one will direct us
Hello Sir,
if you are looking for compiled posts of Jarroo, look for a compilation made by Sir Cyrus (find it in his posts). or you can simply go to Sir Jarroo's profile & study all his charts.
179 traders viewing now