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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

  • #114,821
  • Jul 31, 2012 6:54am Jul 31, 2012 6:54am
Quoting patapouer
I m still at the very beginning of my learning but I definitely do keep an eye on the bigger picture.
I may be wrong but I prefer looking at trend continuation after a small retracement rather than a big trend reversal.
Thank you Patapouer. Yes, I agree that going with the trend is always safer. Maybe thats what we should look for, the trend!

Quoting Chanya
I do not think its a good idea this way . Stick to one of them above and learn that properly . Then move to other and be profitable . And then combine them together just to add confluence to a trade setup but thats not even necessary with jarroo method because of the awesome idea that we move to BE at first level which is almost always good . Although using HCR's and LCS's as confluence with J16 method is an awesome Idea , otherwise you will always stay in conflict ... Its my point of view . Some may differ
Thank you Chanya! I understand what you are saying. I should confess that I have a big problem with keeping it simple. And the problem with complicaing the method is the conflict that may arise... from conflict to impulsivity it only takes a second. I agree that sticking to one of the methods untill reach your confort zone is the best way to go. The most amazing characteristic of Jarroos method is that it makes you run for cover imediatly... you tighten your stop the first chance you get. That looks like a winning strategy to me.

Thank you guys for all your input. You are the best.
Cheers.
  • #114,822
  • Jul 31, 2012 8:10am Jul 31, 2012 8:10am
according to james method what time we can break even my deals in daily, weekly and monthly tf? bacause 10 or 20 pips are very little in high time frames and may be my stop loss in break even place hitted
  • #114,823
  • Jul 31, 2012 9:06am Jul 31, 2012 9:06am
Quoting davidtrader
according to james method what time we can break even my deals in daily, weekly and monthly tf? bacause 10 or 20 pips are very little in high time frames and may be my stop loss in break even place hitted
Hey David

A good starting point is identifying your close trouble areas. Also called FTA(first trouble areas). If you are like James these areas make great places to protect your capital and at least do something. Many of us don't go to b/e but use these areas to further manage our trades depending on the situation. Others will always go to b/e at these areas, take some profit etc.

I like to treat each situation independently myself

Best
Mike
  • #114,824
  • Edited 10:41am Jul 31, 2012 10:27am | Edited 10:41am
Jarroo method trade EurAud
Edit: on pic its LCS(thanks Chanya )
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  • #114,825
  • Jul 31, 2012 10:51am Jul 31, 2012 10:51am
Hi guys, I'm confused
Pair Usd/Chf

Monthly
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Weekly
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Daily
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....I'm confused
  • #114,826
  • Jul 31, 2012 11:02am Jul 31, 2012 11:02am
Quoting utiq
Hi guys, I'm confused
Pair Usd/Chf

Monthly
Attachment
Weekly
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Daily
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....I'm confused
Close this chart and open a new one, where it will be clear.
Why complicate things
  • #114,827
  • Jul 31, 2012 11:09am Jul 31, 2012 11:09am
Hi utiq, sometimes itīs better to do your analysis only on timeframe you take trades (for example only on daily, Mike and James do it this way) or check the situation on weekly to get general info and then take trades on daily. If you try to do your anlysis on monthly, weekly and daily, you will often get conflicting information which will confuse you.
Hope this helps you somehow

Mav
  • #114,828
  • Jul 31, 2012 11:22am Jul 31, 2012 11:22am
Quoting Mav13
Hi utiq, sometimes itīs better to do your analysis only on timeframe you take trades (for example only on daily, Mike and James do it this way) or check the situation on weekly to get general info and then take trades on daily. If you try to do your anlysis on monthly, weekly and daily, you will often get conflicting information which will confuse you.
Hope this helps you somehow

Mav
Yep I find this REALLY helps keep things simple. It's not wrong to use MTF(multi timeframe analysis) in fact I do it as well, but in a simplistic way if ever. I think of each timeframe having its own Ebb and Flow, so by keeping our analysis to one timeframe it really helps cut out a lot of noise.

Nice post Mav

Mike
  • #114,829
  • Edited 12:13pm Jul 31, 2012 12:00pm | Edited 12:13pm
Mike can I ask you if on Forex on daily/weekly timeframe was some great pin bar/outside bar which you traded (beside BEOB on NZDCHF) this month? Iīm asking because I canīt find any so I donīt know if Iīm so picky or where is the problem... :-( If yes, can you please show some of these trades?

Thank you for your answer
  • #114,830
  • Jul 31, 2012 12:06pm Jul 31, 2012 12:06pm
Quoting RonaldinhoKuban
Jarroo method trade EurAud
Edit: on pic its LCS(thanks Chanya )
The only thing that bothers me about this is that it is at an all time low. At least as far back as I have info which is 2005.
  • #114,831
  • Jul 31, 2012 12:33pm Jul 31, 2012 12:33pm
Quoting Martin600
Mike can I ask you if on Forex on daily/weekly timeframe was some great pin bar/outside bar which you traded (beside BEOB on NZDCHF) this month? Iīm asking because I canīt find any so I donīt know if Iīm so picky or where is the problem... :-( If yes, can you please show some of these trades?

Thank you for your answer
Hey Martin

THere has been a lot of breakouts for me this month

Here was one I posted here

http://www.forexfactory.com/showthre...13#post5867813

and another

http://www.forexfactory.com/showthre...39#post5856639

These are continuation bars based on breakout patterns though

Best
Mike
  • #114,832
  • Jul 31, 2012 12:33pm Jul 31, 2012 12:33pm
Hi everybody

One question to Jarroo and everyone who follows Jarroo's method.

Here we have EURAUD chart with quite obvious LCS on daily timeframe. Just above LCS we have also former intraday demand zone on h1 timeframe which should work now as resistance.

The point is - most of times I would place sell order on LCS but in this case it looks better to take a look on lower TF and try selling former demand zone which can provide us much tighter SL (just above yellow rectangle).

What do you guys think?

Stick to traditional Jarroo's method and sell/buy daily, weekly LCS and HCR (if PBT&CB/A and retraced) or sometimes make an exceptions and search for entries on lower TFs when PBT&CB/A pattern occurs?

Sorry for my English.
Cheers
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  • #114,833
  • Jul 31, 2012 1:00pm Jul 31, 2012 1:00pm
Thank you for your answer Mike. I rather mean some classic pin bars/outside bars than these continuation bars. I donīt know if it is only my feeling but I think that in the past years there were a plenty of these classic bars but these year is quite poor. Itīs quite frustrating
  • #114,834
  • Jul 31, 2012 1:29pm Jul 31, 2012 1:29pm
Quoting Martin600
Thank you for your answer Mike. I rather mean some classic pin bars/outside bars than these continuation bars. I donīt know if it is only my feeling but I think that in the past years there were a plenty of these classic bars but these year is quite poor. Itīs quite frustrating
It's pretty standard year in my view Martin

The markets pretty much do the same things. Breakout consolidate rinse and repeat. Swing, etc. Always a market trending always a market consolidating and always a market somewhere in between

Just so you realize you are not alone. I hear that above statement once every few months somewhere. And every year since I have been doing this on the boards.

Here are a few clean PA just the basics

Best
Mike
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  • #114,835
  • Jul 31, 2012 1:32pm Jul 31, 2012 1:32pm
For those of you who red and liked " PRICE BREAKS THROUGH " , I have a great news for you all ...

You might have noticed that while following this technique , 50 % of the times , market does not allow you to enter even when PBT which is saad . That's because you don't know even the half of it .

You might have also notices that more then 80% if the times , with the regular trade management technique that you know yet , market takes you out and then continues for a long way ahead leaving you frustrated ...

Well , There is a solution . Be ready for PRICE BREAKS THROUGH : PART 2 , which I guarantee you will dwarf the effect of the first one ... Right now , you don't even know half the story ...

Here are all the trades I am in right now ....

Notice , that with what you know now after just reading first part , would you have been able to stay in up-til where I am ???
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Human
  • #114,836
  • Jul 31, 2012 1:33pm Jul 31, 2012 1:33pm
Some more ....
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Human
  • #114,837
  • Jul 31, 2012 2:01pm Jul 31, 2012 2:01pm
Hey Chanya i just have to say thank you for the great pdf file. I enjoy reading more from you!
  • #114,838
  • Jul 31, 2012 2:13pm Jul 31, 2012 2:13pm
Chanya, thanks for the info on Jarroo's method. I always was a little confused with how this worked.

Have you considered using Sam Seiden's Supply and Demand zones to refine the entries?

It seems price may often want to retest these areas before moving onwards.
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  • #114,839
  • Jul 31, 2012 2:13pm Jul 31, 2012 2:13pm
Here's a couple more.
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  • #114,840
  • Jul 31, 2012 2:16pm Jul 31, 2012 2:16pm
Quoting mbqb11
It's pretty standard year in my view Martin

The markets pretty much do the same things. Breakout consolidate rinse and repeat. Swing, etc. Always a market trending always a market consolidating and always a market somewhere in between

Just so you realize you are not alone. I hear that above statement once every few months somewhere. And every year since I have been doing this on the boards.

Here are a few clean PA just the basics

Best
Mike
Thank you again Mike, I am propably too much picky sometimes . I will certainly pay your course for a few months cause you are excellent mentor
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