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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

  • #114,841
  • Jul 31, 2012 2:19pm Jul 31, 2012 2:19pm
Quoting Chanya
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...
awesome dude !!!! great trading !!!
  • #114,842
  • Jul 31, 2012 2:22pm Jul 31, 2012 2:22pm
Chanya, what you have been here stop-loss, or we do not know of this method and you can tell about it in the second part?
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  • #114,843
  • Jul 31, 2012 2:26pm Jul 31, 2012 2:26pm
Quoting C-12
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.
Hi!
At the FF has a thread, where I can read about Sam Seiden's Supply and Demand zones?
Thanks
  • #114,844
  • Jul 31, 2012 2:34pm Jul 31, 2012 2:34pm
Quoting RonaldinhoKuban
Hi!
At the FF has a thread, where I can read about Sam Seiden's Supply and Demand zones?
Thanks
You can get some more info on Seiden's supply and demand here.

http://www.fxstreet.com/search/contr...1-e9bf77216d2f
  • #114,845
  • Jul 31, 2012 2:45pm Jul 31, 2012 2:45pm
Quoting Chanya
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 ...
Ok... now you got me reaaaaallyyyyy interested...

Please, please, gives us part 2

Thank you for everything Chanya. And, obviously, thank you also for Jarroos generosity!

Greetings!
  • #114,846
  • Jul 31, 2012 3:21pm Jul 31, 2012 3:21pm
Quoting mbqb11

NOW this is why trader to trader views can change. On a larger scale we have a breakout of a massive wedge. The area you marked is actually the pullback area of this wedge. This to me can TRUMP...
Mike, the story is clear, can u just explain why your stop order is below previous high? Why dont you afraid that price will find trouble in the area of previous highs?
If not up, then down, otherwise sideways :-)
  • #114,847
  • Jul 31, 2012 3:54pm Jul 31, 2012 3:54pm
Thanks Chanya for posting the PDF and continuing to post charts. Can't wait for part 2.
  • #114,848
  • Jul 31, 2012 4:03pm Jul 31, 2012 4:03pm
Quoting Magestic
Mike, the story is clear, can u just explain why your stop order is below previous high? Why dont you afraid that price will find trouble in the area of previous highs?
Hey M

You mean my buy order? Cause I am playing a buy of the inside bar, that is the PA trigger. If I placed it all the way above last hight that is VERY far off from price. Instead I placed it above IB and above the BRN so it has not triggered yet

Hope that helps
Mike
  • #114,849
  • Jul 31, 2012 4:11pm Jul 31, 2012 4:11pm
Quoting mbqb11
Hey M

You mean my buy order? Cause I am playing a buy of the inside bar, that is the PA trigger. If I placed it all the way above last hight that is VERY far off from price. Instead I placed it above IB and above the BRN so it has not triggered yet

Hope that helps
Mike
Okey, thank you, Mike. Very greatful for explanation.I understand now.
If not up, then down, otherwise sideways :-)
  • #114,850
  • Jul 31, 2012 4:18pm Jul 31, 2012 4:18pm
here is a chart I am watching.

Building the story is key. Be it a simple story off just a bar, or a more complicated story. It helps you plan a trade. Without it, it's just hoping.
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  • #114,851
  • Jul 31, 2012 4:43pm Jul 31, 2012 4:43pm
Quoting RonaldinhoKuban
Chanya, what you have been here stop-loss, or we do not know of this method and you can tell about it in the second part?
Stop loss here is very simple . I kept it behind a most recent single bar minor swing high ...
Human
  • #114,852
  • Jul 31, 2012 4:46pm Jul 31, 2012 4:46pm
Quoting C-12
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.
Yes C-12 . I am trying to learn that too just to expand my tool box ... Can't plot them right though .
Human
  • #114,853
  • Jul 31, 2012 5:01pm Jul 31, 2012 5:01pm
Quoting Chanya
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...
Hi Chanya, Nice charts. Just wondering what pairs you have open trades with this week so far ?

Cheers
Dan
  • #114,854
  • Jul 31, 2012 5:13pm Jul 31, 2012 5:13pm
Quoting dan89
Hi Chanya, Nice charts. Just wondering what pairs you have open trades with this week so far ?

Cheers
Dan
Just NZD/JPY , other then that , As you can see , I have already got too much on my plate ...
Human
  • #114,855
  • Jul 31, 2012 5:35pm Jul 31, 2012 5:35pm
Hello folks.

Updated EJ_CandleTime to weekend compensation - missed this small bug.
This addresses week start sunday 00:00 (GMT) in MT4 dispite (in my broker) only starts to receive ticks and monday 00:00 (GMT) - that I previously assumed to be week start time.

Changes:
2012.07.31 - diogo@forexfactory
- week bar open is after all sunday 00:00 so the compensation
of 5 days pointed to friday 00:00 and not saturday 00:00

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.

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 File(s)
File Type: mq4 00_EJ_CandleTime.mq4   11 KB | 352 downloads
  • #114,856
  • Jul 31, 2012 6:14pm Jul 31, 2012 6:14pm
Quoting mbqb11
here is a chart I am watching.

Building the story is key. Be it a simple story off just a bar, or a more complicated story. It helps you plan a trade. Without it, it's just hoping.

hello mike

are you watching usdtry?if then can you show your point about it.many thanks.
Enter Signature
  • #114,857
  • Jul 31, 2012 6:16pm Jul 31, 2012 6:16pm
Quoting ylxww
hello mike

are you watching usdtry?if then can you show your point about it.many thanks.
Hey Y

Looks like a lot of consolidation right now


Here is my chart

Mike
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  • #114,858
  • Jul 31, 2012 7:20pm Jul 31, 2012 7:20pm
Quoting Chanya
Yes C-12 . I am trying to learn that too just to expand my tool box ... Can't plot them right though .
Here is a FF thread that should help

http://www.forexfactory.com/showthre...24#post4894224

I hope this helps and is not off message --- thanks chanya for your hard work into the PDF looking forward to part 2 !!!

Joe
  • #114,859
  • Jul 31, 2012 10:17pm Jul 31, 2012 10:17pm
Quoting Chanya
WELL ,
Here it is . Like I said , ALL of the Jarroo's methodology 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 ...
Chanya,
You did a great job. I very much appreciate your compilation of Jarroo's. Your PDF is exactly what I'm trying looking for - A TRADING PLAN. I think a lot other newbies are also waiting for another PDF on Traditional J16's to be shared by you based on your excellent summary.
Accept as it is being!
  • #114,860
  • Jul 31, 2012 10:49pm Jul 31, 2012 10:49pm
Quoting Chanya
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...
Hey Chanya, I'm new here, but I have spent a lot of time reading in the <bg>. I read through your price breaks through pdf and just want to make sure I haven't missed anything.

Basically, your just identifying PPZ's, waiting for a breakthrough, and then buying the pullback. Correct?

And then for the trade management side, moving to BE as soon it is safe, and has a little breathing room/target reached?

Just trying to break it down as simple as possible, thanks for taking the time to make the pdf.
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