james16 Chart Thread | Page 5709 | 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

  • #114,161
  • Jul 11, 2012 5:22am Jul 11, 2012 5:22am
Quoting ghous
Hey Aslam,

Yes we wait for price to close above a major HCR or in case of an LCS we wait for price to close below the LCS.

Next we use the concept of support turning into resistance and vice versa by taking a trade on the pullback to the HCR/LCS.

So in case of an HCR, once price closes above (Price breaks through ahd closes above = PBTCA) we can take a long at a pull back to the HCR.

In case of a LCS, once price closes below (Price breaks through and closes below = PBTCB) we can take a short at a pull back to the LCS.

Bear...

I don't think I could have said it any better G. . .Thanks brother . .
Indicators show the past. Price Action "Indicates" the future.
  • #114,162
  • Jul 11, 2012 5:41am Jul 11, 2012 5:41am
Quoting jarroo
Yes, we usually only take long setups when PBT&CA a HCR level and short setups when PBT&CB a LCS level. But there are other opportunities where we can trade LCS/HCR level when Price breaks through and doesn't Close AorB. . .you guess it . .at these major levels . . PA confirmation, Close confirmations . .etc . .are different ways to trade them . .example of a long entry at the Weekly LCS level on the GU . .chart.

Hi Jarroo,

Is this a valid Weekly LCS? EURUSD? to go short at the start of the next candle?

Do you have a post/pdf that explains how to do this trading? thanks
Attached Image
  • #114,163
  • Jul 11, 2012 5:51am Jul 11, 2012 5:51am
Quoting balloontree
Hi Jarroo,

Is this a valid Weekly LCS? EURUSD? to go short at the start of the next candle?

Yes that's a valid LCS level on the Weekly Euro. not a bad Swing Low point.

I like to use both the Open and Close of Price at these Weekly levels because of the damn gaps.

So we would wait until Price retraces up to these levels for a possible Touch Trade short or look for a nice bearish Price Action setup on the Daily or even the 4 Hour ..

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: euro123.gif Size: 21 KB
Indicators show the past. Price Action "Indicates" the future.
  • #114,164
  • Jul 11, 2012 5:56am Jul 11, 2012 5:56am
Quoting balloontree
Hi Jarroo,


Do you have a post/pdf that explains how to do this trading? thanks

Sorry I don't have a PDF file that explains how to do this S/R trading. I do have many charts that explains the setup in this Thread.

I will get with Mike and James16 to see about posting some of my videos/webinars from the J16Group that talks about this method.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #114,165
  • Jul 11, 2012 6:00am Jul 11, 2012 6:00am
Quoting mbqb11
Good M

I was speaking the other day saying. I look at charts, have a good idea where things are going. Create my story but more times then not I find no entry that satisfies that aspect of it. Of course each individual trader is different, but I think thats important to understand. I try to put my money on the line when things all line up. I make mistakes like anyone else but I feel the ability to forget what you miss, or didn't work out and move on is very important. Cause there will always be another pattern, bar, story somewhere. We...
Mike,

So, normally for the Pins and DBHLC/DBLHC you prefer to enter on fib retraces ?

Diogo
  • #114,166
  • Jul 11, 2012 6:04am Jul 11, 2012 6:04am
Do you guys think this is a nice setup on AUD/USD?
DBLHC formed and now price has some problems to get above HCR, maybe it will retrace?

@ballon:
Quoting jarroo
Sorry I don't have a PDF file that explains how to do this S/R trading. I do have many charts that explains the setup in this Thread.

I will get with Mike and James16 to see about posting some of my videos/webinars from the J16Group that talks about this method.

Jim
Maybe this thread (including .pdf) will help:
http://www.forexfactory.com/showthread.php?t=86429
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 14 KB
  • #114,167
  • Jul 11, 2012 6:04am Jul 11, 2012 6:04am
Just wanted to update EJ_CandleTime indicator
to say sensible remaining time and not only minutes and seconds.
Here it is, if anyone is interested.

Changes:
2012.07.11 - diogo@forexfactory
- close time calculation compensate weekends for WEEK/MONTH chart
- presented time-left is dynamic shown in descesding magnitude
and not only in "minutes and seconds"

Diogo
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.gif Size: 22 KB
Attached File(s)
File Type: mq4 00_EJ_CandleTime.mq4   7 KB | 467 downloads
  • #114,168
  • Jul 11, 2012 6:12am Jul 11, 2012 6:12am
Quoting jarroo
Nice Setup Mebius.

GbpCad is a bit of a "Crazy Cross" in my book but the Weekly and Daily LCS levels (damn gaps!! ) presented a nice setup. It had some nice Space to the down side and it hit some Daily targets (in blue) nicely.

You got love those "to the pip" entries . . in both direction . . .Bam!!

That stalling or hesitation and not falling down to the ends of the earth with all that open Space to run down towards was telling you that something was up . .. And up it was. PBT&CA these LCS levels on the Daily, returning Price to...
Hi Jim,

I did like the setup and although it closed above my entry last night, I decided not to close it out as I normally would have because it didn't break the upper LCS. If it does close above that level, I will definitely get out of the trade with a small loss. Price has retraced a little bit today so let's see where it ends up.

Still developing my own comfort levels with your methodology as I slowly find what works best for me.

Cheers!
  • #114,169
  • Jul 11, 2012 6:16am Jul 11, 2012 6:16am
Quoting jarroo
Hey Dan, . . Haircut (HC) has got it right. I have talked about this before to HC and you may not have seen it.

These levels of strong S/R can be traded in both direction just by following the Close of Price. This was the old "Resistance (HCR level) . .PBT&CA . .failing as Support . .returning to Resistance " Trick .. .

Price tend to this when in a choppy market and/or a bigger story is going on.

. .and if we look at the Weekly, Mike will tell you that there sure is a bigger story going on. A big wedge Price Pattern forming and this...
Cheers for clearing this up Jarroo I was thinking I had missed something.
  • #114,170
  • Jul 11, 2012 6:18am Jul 11, 2012 6:18am
Quoting jarroo
Sorry I don't have a PDF file that explains how to do this S/R trading. I do have many charts that explains the setup in this Thread.

I will get with Mike and James16 to see about posting some of my videos/webinars from the J16Group that talks about this method.

Jim

thanks, I saw your charts, and I am guessing how you would enter the trades; but not like 100% sure if I am guessing right
  • #114,171
  • Jul 11, 2012 6:24am Jul 11, 2012 6:24am
Quoting diogo
Just wanted to update EJ_CandleTime indicator
to say sensible remaining time and not only minutes and seconds.
Here it is, if anyone is interested.
Looks like we have another talented coder.

Thanks for sharing, Sir Diogo!
  • #114,172
  • Jul 11, 2012 6:25am Jul 11, 2012 6:25am
Quoting dan89
No problem mate. Nice trade For me that pair is just a mess all over the D and W.

Here is a setup im keeping my eye on. there was a setup off the daily level (first arrow) which probably would of spiked yuou out (moved up 35 ish pips). Looking for another retest.

Attachment

Attachment
Great level. Alert set.
  • #114,173
  • Jul 11, 2012 6:37am Jul 11, 2012 6:37am
Quoting supremeChaos
Looks like we have another talented coder.

Thanks for sharing, Sir Diogo!
Thanks!
  • #114,174
  • Jul 11, 2012 6:38am Jul 11, 2012 6:38am
Quoting jarroo
Yes that's a valid LCS level on the Weekly Euro. not a bad Swing Low point.

opps; in EURUSD Daily; the previous bar closes below the 1.22853, and I waited for the price to retrace to that level and place a sell order.........

did I do something wrong?..........
  • #114,175
  • Jul 11, 2012 6:58am Jul 11, 2012 6:58am
What is LCS, HCR ??? is this is some new terminology different from J16 teachings?
  • #114,176
  • Jul 11, 2012 7:22am Jul 11, 2012 7:22am
Quoting blaz86
What is LCS, HCR ??? is this is some new terminology different from J16 teachings?
Lowest close of support
Highest close of resistance

Its not part of the original teachings, its a concept the jarroo uses and quite a few members are implenting.

For a good explanation of those concepts I recomend ghous' blog.
Thoughts are things
  • #114,177
  • Jul 11, 2012 7:42am Jul 11, 2012 7:42am
Quoting Quezoy
Lowest close of support
Highest close of resistance

Its not part of the original teachings, its a concept the jarroo uses and quite a few members are implenting.

For a good explanation of those concepts I recomend ghous' blog.
is this good example? do i understant it right? eurusd weekly chart.

thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: abxc2r4.JPG Size: 32 KB
  • #114,178
  • Jul 11, 2012 7:43am Jul 11, 2012 7:43am
Quoting blaz86
is this good example? do i understant it right? eurusd weekly chart.

thank you!
thats it
Thoughts are things
  • #114,179
  • Jul 11, 2012 8:16am Jul 11, 2012 8:16am
Quoting 5.25
Hey Mike,

Is GoldEuro on your watch list? Seems like your type of a trade???

Love your work buddy
Hej Tomaszu

Thank you for sharing this interesting D1 PA. I've spotted this entry opportunity on lower tf. Now its either BE or a runner with pretty R:R.
Attached Image (click to enlarge)
Click to Enlarge Name: #8 GOLD D1 BEOB SHORT 11-07-2012 15-03-48.jpg Size: 69 KB
  • #114,180
  • Jul 11, 2012 8:18am Jul 11, 2012 8:18am
Quoting diogo
Mike,

So, normally for the Pins and DBHLC/DBLHC you prefer to enter on fib retraces ?

Diogo
Hey Diogo

I don't enter on the retrace of bars too often. I am pretty conservative and most of the time wait for the breaks(of all bars). Of course there are always exceptions

Best
Mike
53 traders viewing now