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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

  • #114,661
  • Jul 26, 2012 10:54am Jul 26, 2012 10:54am
Quoting Chanya
Every One , You are Welcome . You all deserve it .

Meshka , true , the font is a little big . The reason is that all the PDF's I have red through my entire life with small font , didn't leave a memorable impact on me . They all were crap . On the other hand , the ones I red with a little big font , they were comparatively nice . Just a psychological thing for me . But still , if its still requested , I can make it smaller ???

SlapSHOT , I do not understand which examples you are referring to fella . here is what to do , see the pair and time...
Hey, i meant your two examples from Chapter 10 but for me its already clear, in the daily chart for me it looked like it is impossible to get to be on this trades, but in the lower tfs i saw that it was really a be
  • #114,662
  • Jul 26, 2012 11:01am Jul 26, 2012 11:01am
Quoting davidtrader
dbhlc in gbpusd daily tf
Hey David

Careful

We want a dbhlc to have matching highs(like this) but it has to have a close LOWER than the previous bars low

Also remember we want to locate them up at swing high points when starting out

Attached is an example for you


Best
Mike
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  • #114,663
  • Edited 11:22am Jul 26, 2012 11:20am | Edited 11:22am
Hi am just wondering wasnt this two trades showing two matching highs with a lower close hence shorting and in downtrend ok i see the trend wasnt soo obvious but.......
anyinput as to this kind of setups and what to avoid?
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thankyou gregwilson
  • #114,664
  • Jul 26, 2012 11:23am Jul 26, 2012 11:23am
Quoting mbqb11
Hey David

Careful

We want a dbhlc to have matching highs(like this) but it has to have a close LOWER than the previous bars low

Also remember we want to locate them up at swing high points when starting out

Attached is an example for you


Best
Mike
thenx mike for that chart i see it has answered my question that the matching highs with a lower close must be on swing highs thenx again
thankyou gregwilson
  • #114,665
  • Jul 26, 2012 11:27am Jul 26, 2012 11:27am
Quoting Chanya
Hey buddy , I cannot find the appropriate charts with what you are referring to but its simple . The concept remains the same . First target is almost always hit ... Here is the most recent example . See this . On the other hand , if you don't see the first target being hit , which is very rare , we always have out stops on don't we ??? Even those very small !!!
Thank you very much! I realized
  • #114,666
  • Jul 26, 2012 11:37am Jul 26, 2012 11:37am
Quoting ghous
I am not Chanya, and I lack his energy but allow me to help you out a bit.

Enlarge the first chart at this point

This is exactly what you're talking about. Price hits an LCS but fails to close below. The next bar retests the LCS and off we go.

There are various occasions where price will hit an LCS/HCR and because they can be so strong, price at times won't end up closing beyond them but instead close back into them. These can also be good trading opportunities. Jarroo has talked about such setups in the PF for sure.

I constantly...
So one can use HCR/LCS as either a valid support / resistance (not broken -> price goes back to where it was), or as invalidated support / resistance (broken -> price will move further, up to the next S/R - PPZ - BRN...), am I right??

It seems I finally understood some decent part of the story

thanks guys
Slow & steady
  • #114,667
  • Jul 26, 2012 11:43am Jul 26, 2012 11:43am
Quoting Chanya
We leave the pending order on until its retested or if price moves away from it and breaks another HCR or LCS , because in that case , the retest of that second level is more likely . But this is not 100% fixed thing . There maybe variations ... With time and practice , you will start to see things you cannot now ... Understand ???
Sure, thanks for response my friend. Experience is everything.
  • #114,668
  • Jul 26, 2012 12:15pm Jul 26, 2012 12:15pm
Quoting patapouer
So one can use HCR/LCS as either a valid support / resistance (not broken -> price goes back to where it was), or as invalidated support / resistance (broken -> price will move further, up to the next S/R - PPZ - BRN...), am I right??

It seems I finally understood some decent part of the story

thanks guys
You understood the biggest chunk of it.

That's all its about.

It may feel as though Jarroo has gotten off on a tangent with all his methods and concepts, but in effect he has very smartly dissected the conventional James16 "PPZ" and stripped it down to a single price level for the most part.

Once you learn how he does this - rest is still all the basic stuff of former resistance turning into support and vice versa and PA bars off of these levels as being strong setups and the ability to touch trade (entry on retrace after PBT&CA/CB) off the stronger levels.

Its just a simple modification (which is well worth it) of the basic stuff - that's all!

g.
I believe . . .
  • #114,669
  • Jul 26, 2012 12:22pm Jul 26, 2012 12:22pm
Hi Chanya

i see like you could be having an answer to my question since u compiled jarros trading style do u have an idea on which page i could check out not necessarily the exact page he started but just a round that oh men am soo committed to learning this method am still rumbling his posts

so far we have over 7000 pages so could it be in pages 1000,2000,etc just a rough idea
sori if am a bother
thankyou gregwilson
  • #114,670
  • Jul 26, 2012 12:32pm Jul 26, 2012 12:32pm
Quoting ghous
It may feel as though Jarroo has gotten off on a tangent with all his methods and concepts, but in effect he has very smartly dissected the conventional James16 "PPZ" and stripped it down to a single price level for the most part.
Yep...
I could understand the support / resistance stuff, but totally messed up both PPZ & HCR/LCS.
Taking it the other way round by focusing on Jarroo's way really opened my mind... no kidding. first "aha" moment?

I have always been impressed by Jarroo's "to the pip - kaboom". Now it starts making sense

Having this in mind, I am very eager to practice it, and to see how it interacts with PA.

Again, thanks a lot to all of you for your invaluable help!
Slow & steady
  • #114,671
  • Edited 1:08pm Jul 26, 2012 12:55pm | Edited 1:08pm
Quoting njokie
Hi Chanya

i see like you could be having an answer to my question since u compiled jarros trading style do u have an idea on which page i could check out not necessarily the exact page he started but just a round that oh men am soo committed to learning this method am still rumbling his posts

so far we have over 7000 pages so could it be in pages 1000,2000,etc just a rough idea
sori if am a bother
Hey i just searched for lcs in posts from jarroo, that led me to page 6062 maybe it helps

on 6063 Post 90935 LCS and HCR are officialy taken into the james16threa terminology

Let me know if you find better posts
  • #114,672
  • Jul 26, 2012 1:45pm Jul 26, 2012 1:45pm
GHOUS and CHANYA, what you think about this pair?
The daily candle is not closed, but it seems it will close above the resistence!
http://img840.imageshack.us/img840/3365/catsbna.jpg
Uploaded with ImageShack.us
  • #114,673
  • Jul 26, 2012 1:46pm Jul 26, 2012 1:46pm
Quoting njokie
Hi Chanya

i see like you could be having an answer to my question since u compiled jarros trading style do u have an idea on which page i could check out not necessarily the exact page he started but just a round that oh men am soo committed to learning this method am still rumbling his posts

so far we have over 7000 pages so could it be in pages 1000,2000,etc just a rough idea
sori if am a bother
njokie , why do you need to go to his posts to learn his method ? Why not read the PDF first ? Why start the hard way ?
I don't have any idea where he explained it himself .
Human
  • #114,674
  • Edited 4:07pm Jul 26, 2012 1:53pm | Edited 4:07pm
Quoting nc_trader
GHOUS and CHANYA, what you think about this pair?
The daily candle is not closed, but it seems it will close above the resistence!
http://img840.imageshack.us/img840/3365/catsbna.jpg
Uploaded with ImageShack.us
Seems good enough . See the chart below and notice the blue line as first level where you should move to BE .. Yellow is where stoploss should be behind ... I would say Let this one go . I do not have a good feeling about this one . Can't explain why ..
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Human
  • #114,675
  • Jul 26, 2012 2:02pm Jul 26, 2012 2:02pm
Quoting Chanya
WELL ,

Here it is . Like I said , ALL of the Jarroo's methodology[b][size=3] from start to the last step that is too the point and sufficiently detailed . This is all that you will need to get started . After going through it enough times that you have memorized its content by heart , Go through as many Jarroo's charts as Possible to gain experience and variety ...

Seniors , Please have a look and see if you disagree with something .

Newbie , Just have it . [size=2]

Those...
I wish to thank you deeply for the efforts to show us newbs the light at the end of the tunnel. Thank you Chanya.
  • #114,676
  • Jul 26, 2012 2:51pm Jul 26, 2012 2:51pm
Quoting MrShort
I wish to thank you deeply for the efforts to show us newbs the light at the end of the tunnel. Thank you Chanya.
No problem Buddy ...
Human
  • #114,677
  • Jul 26, 2012 3:13pm Jul 26, 2012 3:13pm

I would highly appreciate some explanation please to this situation:


If we get for example PA signal (pin bar or doji) to sell (going with the trend, & with existence of S/R levels, but previous bar was a huge bullish/ high momentum candle as shown for example on attached chart. Would we reject this set up based on this previous huge candle & why? thanks
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  • #114,678
  • Jul 26, 2012 3:33pm Jul 26, 2012 3:33pm
Hi to the group,

I've just been reading the PDF put together by Chanya on the Jarroo method (many thanks for that!) and I was wondering whether this is a possible set up. I think we will soon have a PBT&CA on the last candle, so a possible long entry. I've marked the LCS as being around 122.30 (blue line) with a possible stop at around 122 or just below (cyan zone). I'd apperciate any comments just so that I can confirm that I have the method/setup identified correctly.

Regards
Dave

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  • #114,679
  • Jul 26, 2012 3:37pm Jul 26, 2012 3:37pm
Quoting wafikjabra

I would highly appreciate some explanation please to this situation:


If we get for example PA signal (pin bar or doji) to sell (going with the trend, & with existence of S/R levels, but previous bar was a huge bullish/ high momentum candle as shown for example on attached chart. Would we reject this set up based on this previous huge candle & why? thanks
Hey Wafik

I personally would in this case. Unless the confluence is VERY strong I would caution new traders against trading back into such strong a move. I would say if you do you MUST be aggressive with your stops and getting to b/e cause they can blow up quick

Best
Mike
  • #114,680
  • Jul 26, 2012 4:04pm Jul 26, 2012 4:04pm
Quoting djcash
Hi to the group,

I've just been reading the PDF put together by Chanya on the Jarroo method (many thanks for that!) and I was wondering whether this is a possible set up. I think we will soon have a PBT&CA on the last candle, so a possible long entry. I've marked the LCS as being around 122.30 (blue line) with a possible stop at around 122 or just below (cyan zone). I'd apperciate any comments just so that I can confirm that I have the method/setup identified correctly.

Regards
Dave

Attachment
Yes it is . Its a nice setup . But , be sure to get risk free at the first level as I have pointed out on the chart below with yellow line ... Its important because not every trade would be a runner ...
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Human
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