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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

  • #114,761
  • Jul 29, 2012 7:23am Jul 29, 2012 7:23am
Quoting jarroo



Nice job on the PDF Chanya . . . . I'll talk more about it some time this week.


Jim
So glad to have you back !!!
Human
  • #114,762
  • Edited 7:42am Jul 29, 2012 7:31am | Edited 7:42am
Quoting MrShort

My trading plan is: Enter Long at the retest of HCR. Move SL to BE at the 1st level (1.2332) and wait for the 2nd level to be hit to move into profit. Interesting enough is that the inicial SL might be protected by the 61.8% level of the Fib of the last big swing. Do you agree with this perspective?

Once again, i thank you with a humble heart for all your generosity.
I think its great ..

Quoting eXtreme
GBPUSD DAILY

Hello, what is your opinion about this chart?

Last day - PBT&CA

pending order buy at 1.5725
where to place SL for this order?

thank you.
Serg
Hey Extreme , Look at the chart below . I think I would have kept my stops behind the blue zone with some space of if you want to give is a little more space , it could also have been behind the yellow zone ... Yellow zone is much much more secure
Quoting LaurenceDale
Hey all,

First post in this thread. Thank you everyone for the helpful posts here - Huge huge thanks to Chanya for producing the Price Breaks Through pdf. I have been following the thread for a while but have never tried to apply the method to my own existing trading strategies. This pdf has given me the basic understanding (I hope), and now I will try some of these out on demo.

Could someone take a look at this potential trade setup on NZDUSD and tell me if I've got the right idea here. Any feedback would be very much appreciated.

Thanks very much,

Laurence
Your setup looks nice . Just be aware of the targets which you have not shown on the charts and it will work fine I hope ...
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Human
  • #114,763
  • Jul 29, 2012 9:29am Jul 29, 2012 9:29am
nice interesting dynamics on this pair

All basics of james16 that we need to watch when building our stories

If you are just coming to this thread and have NO idea where to start. You should be on post 1 and reading the first few hundred pages. You should be identifying very OBVIOUS areas. Start with obvious PPZ, obvious S/R. Then look for CLEAR clean PA at these areas.


Best
Mike
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  • #114,764
  • Jul 29, 2012 10:06am Jul 29, 2012 10:06am
Quoting mbqb11
nice interesting dynamics on this pair

All basics of james16 that we need to watch when building our stories

If you are just coming to this thread and have NO idea where to start. You should be on post 1 and reading the first few hundred pages. You should be identifying very OBVIOUS areas. Start with obvious PPZ, obvious S/R. Then look for CLEAR clean PA at these areas.


Best
Mike
Thank you for posting this, I am watching this wedge too but I wasn´t sure if it is valid. Now I now it is OK
  • #114,765
  • Jul 29, 2012 10:35am Jul 29, 2012 10:35am
Quoting Chanya
I think its great ..


...

Your setup looks nice . Just be aware of the targets which you have not shown on the charts and it will work fine I hope ...
Chanya, thank you very much for your feedback.

I would like to ask you a question that I don't know if it has already been answered somewere during this thread. If it has, I'm really sorry for the repetition!

In your opinion, in what currency pairs the Jarroos method look more reliable?

Thank you in advance.
You guys rock!
  • #114,766
  • Jul 29, 2012 10:43am Jul 29, 2012 10:43am
not always winning. I took a loss on this one. I thought it had enough going for it though

I sold the beob just under the 7800 level

Normally I pull my order if price doesn't break the next day, but their are exceptions. A bit bigger of a beob would have been more ideal but still one I would take again

Bar hasn't invalidated yet but i'm out now for a loss. Could see a move just above the beob before the real down move.

Best
Mike
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  • #114,767
  • Jul 29, 2012 10:50am Jul 29, 2012 10:50am
now this is a big beob

Don't limit yourself to just FX if you are new. It's a lot easier to watch many things and be picky then try to nit pick one or two pairs on a small timeframe. That's what most people do just browse forex factory.
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  • #114,768
  • Jul 29, 2012 11:00am Jul 29, 2012 11:00am
Quoting mbqb11
now this is a big beob

Don't limit yourself to just FX if you are new. It's a lot easier to watch many things and be picky then try to nit pick one or two pairs on a small timeframe. That's what most people do just browse forex factory.
the movement of this stock shows why i very rarely trade biotech-stocks.
major news can cause painfull gaps out of nothing...
meine augen sind die sterne
  • #114,769
  • Jul 29, 2012 12:09pm Jul 29, 2012 12:09pm
Quoting aserbfx
the movement of this stock shows why i very rarely trade biotech-stocks.
major news can cause painfull gaps out of nothing...
Weekly charts helps smooth that out for a lot of equities. Then they become just another chart for me


Best
Mike
  • #114,770
  • Jul 29, 2012 1:37pm Jul 29, 2012 1:37pm
Hi all!

In first place thanks for this great thread! We can learn so much with it.

The dumb question:

In this thread and in others too, we see a lot of acronyms. For a novice like me, sometimes it's hard to understand what the poster whant to say without knowing what that acronyms means and find the post where the acronym is explained or described is hard. There is some place or post where we can find useful information about this acronyms?

TIA

JL
Started a blog: terraceman blogspot com
  • #114,771
  • Jul 29, 2012 1:40pm Jul 29, 2012 1:40pm
Quoting jlongo
Hi all!

In first place thanks for this great thread! We can learn so much with it.

The dumb question:

In this thread and in others too, we see a lot of acronyms. For a novice like me, sometimes it's hard to understand what the poster whant to say without knowing what that acronyms means and find the post where the acronym is explained or described is hard. There is some place or post where we can find useful information about this acronyms?

TIA

JL
Hey JL

Welcome!

Here are some of them
http://www.forexfactory.com/showthre...57#post5442457

If you come across something you don't get just drop a message. A lot of the acronyms you will quickly catch onto as you go through the thread.

Best
Mike
  • #114,772
  • Jul 29, 2012 1:44pm Jul 29, 2012 1:44pm
Quoting mbqb11
Hey JL

Welcome!

Here are some of them
http://www.forexfactory.com/showthre...57#post5442457

If you come across something you don't get just drop a message. A lot of the acronyms you will quickly catch onto as you go through the thread.

Best
Mike
Hi Mike!

Wow !! Fast

Thank you for your response, is that what i'm searching. Thanks!

best regards

JL
Started a blog: terraceman blogspot com
  • #114,773
  • Jul 30, 2012 2:00am Jul 30, 2012 2:00am
Looking for this set up.
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  • #114,774
  • Jul 30, 2012 4:05am Jul 30, 2012 4:05am
Quoting eXtreme
GBPUSD DAILY

Hello, what is your opinion about this chart?

Last day - PBT&CA

pending order buy at 1.5725
where to place SL for this order?

thank you.
Serg
GBP/USD

is in big consolidation box for me...we need a clear break signal for playing long

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  • #114,775
  • Jul 30, 2012 4:10am Jul 30, 2012 4:10am
[quote=Hotwinter;5886341]Looking for this set up.

well i personaly dont trust monday candle,,,, , monday candle proov to be most of the time wrong
  • #114,776
  • Jul 30, 2012 4:21am Jul 30, 2012 4:21am
EUR/GBP

retest of the S/R zone, a big BEOB...a really strong break down of this massive monthly support would be nice

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  • #114,777
  • Jul 30, 2012 4:56am Jul 30, 2012 4:56am
Quoting bullzeye
awesome mike!!! you are a great guy, i love your explanations charts
Me too Mike is a gem with never ending energy !
  • #114,778
  • Edited 5:53am Jul 30, 2012 5:35am | Edited 5:53am
Quoting SlapShot
http://en.luktom.biz/Page/447/luktom...l-order-editor

thanks, I find that when I switch from Daily to Weekly, the BE and SL lines are reset. Is this normal?

also couldn't get the BE line to work; I've moved the BE line to where I wanted, but it didn't move the SL when price touches the BE line

Not sure if there's extra settings?
  • #114,779
  • Jul 30, 2012 6:15am Jul 30, 2012 6:15am
My time available for trading dramatically drops when i starts my studies. Daily and weekly trading is just awesome but my problem is that i have only 19 fx pairs and my style is quite picky. So now i´m worrying do i have any chance trading daily and weekly, with 19 pairs and make any good profit..

Any ideas guys? Changing a game plan (I´m trading PB, BUOB/BEOB mainly), changing a broker, continue by taking very few entries but somehow trying to practice my exits so i could just catch the biggest moves?

Damn i´ve got so nice broker, not easily going to change that..
  • #114,780
  • Jul 30, 2012 7:26am Jul 30, 2012 7:26am
CHF/JPY

My pending order is gonna be trigger right now, looks good: bounce of an S/R area and continues with the down trend

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