james16 Chart Thread | Page 5770 | 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

  • #115,381
  • Aug 12, 2012 8:33pm Aug 12, 2012 8:33pm
Quoting rafstraszek
Hey, Jarroo, can I have question for you?

For example I'll take cadjpy.

On weekly pbt&ca and I'd like to wait for retest to go long.
But when i change to daily, I can see that retest already happened, right before candle close (right before in terms of weekly , it took several hours ).
Is the setup still valid for you???

thanks in advance
cheers!

Yes, that is a very valid Weekly setup . Patience, my friend . .Price may retrace down still and trigger your entry . ..


But it is also valid to use PBT&CArorB on the Daily . . . with Weekly HCR/LCS levels . .charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadjpyww.jpg Size: 82 KB
Click to Enlarge Name: cadjpywwdd.jpg Size: 92 KB
Indicators show the past. Price Action "Indicates" the future.
  • #115,382
  • Edited 10:22pm Aug 12, 2012 9:10pm | Edited 10:22pm
Quoting Rosa
Hello,

Everything is on my chart. Best.

Quoting haircut
Hi Rosa
I am not Jarroo but I can answer this my friend. That is not a gap you are refering too. The HCR level is the one marked by Jarroo, there would be a gap if the next bar opened above this level and retraced.

So there for the candle you are pointing at has closed below the HCR level and you should have been looking to short from the level not go long.

Have a look at jarroos charts on the previous page and see the gaps he marks on the chart and why .

That's an interesting observation HC, but I do look at both levels of the (damn) gaps of HCR/LCS levels. I do tend to favor the Friday Close level more but I've seen the Monday Open level work just as good at times.

But I do like your observation HC, very much.


Rosa, that is a valid long entry at that Daily HCR level . .there is even two of them there . .2nd HCR in white.

But once Price wasn't reacting to the 1st HCR (Friday's Close) . .it did move a little bit north. . .the 2nd HCR (Monday's Open) was a mixed signal to go long.

Also Price is bamming down from a Weekly and Daily LCS level. That tells me that the stronger higher time frame level is winning the battle, for now.

Also, notice where the S/L would be at on that daily long setup. . .should be fun to see if it gets hit . .

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eurodd.jpg Size: 102 KB
Indicators show the past. Price Action "Indicates" the future.
  • #115,383
  • Aug 12, 2012 9:44pm Aug 12, 2012 9:44pm
Quoting haircut
Hey Jim
good to have you back, These are my favourite trades of yours now, I am picking my levels and touch trading them all the time and looking at the hourly signature to get me out of a bad trade.
I have noticed that I do get out of some trades that then go in my direction I am thinking of trying to see if the 4hourly charts would keep me in more trades and still get me out early in the bad trades.
Do you have an opinion on this?
Thanks and its good to have the master back to clear things up!
Generally, I like the 4 Hour Close (4 Hour Signature) at Weekly levels on all pairs and with the "crazy crosses" on the Daily and Weekly levels.

Ideally, we always want a Daily Signature at Daily levels and a Weekly Signature at Weekly levels. But these lower TF Signatures can give us hint or indication of its potential success.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #115,384
  • Aug 12, 2012 10:19pm Aug 12, 2012 10:19pm
Quoting mbqb11
Hey Jeff

Good to see you pop in, have seen your name floating around(no pun intended! LOL) below

Safe travel on those seas brotha

Best
Mike
Hi Mike,

I'm in Tahiti at the moment taking a few days off.the boat..... Its a tough job but someone has to do it of course.
Heading to Fiji after Tonga soon. I have to email fiji..
Hope all is good in the states but I have heard its been warm.. cheers.
  • #115,385
  • Aug 12, 2012 10:29pm Aug 12, 2012 10:29pm
Quoting haircut
Hi Rosa
Here is a demo trade I am in from last week I think you will see how much clearer it looks ( well to me anyhow I am no expert)

Price took 3 attempts to break through the HCR level in Light blue which made it a reasonable level to look at. Then we had a retest marked by the x but price couldnt close below the level confirming the level was now a support level and I entered on a touch the next day. I closed 2 thirds or the trade at the FTA which was the daily low a few days before I am no at break even on the final 3rd and am hoping the...

It helps alot . .Thanks HC .. .
Indicators show the past. Price Action "Indicates" the future.
  • #115,386
  • Aug 13, 2012 1:18am Aug 13, 2012 1:18am
Quoting james16
im fine. what have i been up to? real estate is what i put a lot of my trading profits into. its usually houses in the 50 to 80k range that are good rentals and can easily make 60 to 80 percent return a year on your investment. i plan to show everyone how i do that and how easy it is here this year.

my latest foray is the largest thing i have ever done. its been very stressful and has required my focused attention for the last couple of months. i have partnered with 15 friends and associates to build my cities first upscale assisted and memory...
Im sorry but I have to question this....

You say you can get 60-80% a year on a 50k rental? who are your renters? I have some alien invasion insurance I would like to sell them.. (who pays 40k/year to rent a 50k house?)
  • #115,387
  • Aug 13, 2012 2:05am Aug 13, 2012 2:05am
Quoting deltaskelta
Im sorry but I have to question this....

You say you can get 60-80% a year on a 50k rental? who are your renters? I have some alien invasion insurance I would like to sell them.. (who pays 40k/year to rent a 50k house?)
I think (can't be sure), that James meant 60-80% as full profit = rental + selling. Well, or he is really, really good (which, we all know, is true) xD.

cheers
  • #115,388
  • Aug 13, 2012 3:09am Aug 13, 2012 3:09am
Quoting deltaskelta
Im sorry but I have to question this....

You say you can get 60-80% a year on a 50k rental? who are your renters? I have some alien invasion insurance I would like to sell them.. (who pays 40k/year to rent a 50k house?)

How much is the insurance premium?
  • #115,389
  • Aug 13, 2012 3:37am Aug 13, 2012 3:37am
Sweet looking daily area at the 1.5000 area.
Too bad it does not have a monthly or weekly deep swing point lining up with it.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 92 KB
  • #115,390
  • Aug 13, 2012 3:38am Aug 13, 2012 3:38am
Quoting deltaskelta
Im sorry but I have to question this....

You say you can get 60-80% a year on a 50k rental? who are your renters? I have some alien invasion insurance I would like to sell them.. (who pays 40k/year to rent a 50k house?)
take a 50.000 $ account and calculate some possible lines for a 1:1,5 r:r on average combined with a 60 % successrate.... you will be impressed how much this business can drop...

regards,
Jonas
Hero calls followed by margin calls...
  • #115,391
  • Aug 13, 2012 3:41am Aug 13, 2012 3:41am
Quoting PhAnTi'
take a 50.000 $ account and calculate some possible lines for a 1:1,5 r:r on average combined with a 60 % successrate.... you will be impressed how much this business can drop...

regards,
Jonas
I'm sorry man, I do not understand what you mean by this? how does this pertain the quote of me?
  • #115,392
  • Aug 13, 2012 4:48am Aug 13, 2012 4:48am
  •  BlazG
  • | Joined Jul 2012 | Status: Trading with Family Savings | 19 Posts
What does PBT&CA mean?

Blaz
  • #115,393
  • Aug 13, 2012 5:21am Aug 13, 2012 5:21am
Quoting BlazG
What does PBT&CA mean?

Blaz
Price breaks through and closes above.

Here you have terminology, link from Pinbar's sig: http://www.forexfactory.com/showthre...57#post5442457

cheers
  • #115,394
  • Aug 13, 2012 5:23am Aug 13, 2012 5:23am
Quoting BlazG
What does PBT&CA mean?

Blaz
Hello Blaz, welcome.

PBT&CA - Price Break Throught and Close Above.

You should read the Chanya's PDF for a theoretical intro to the concept. It belongs to the Jarroo's Method of Trading and you should check out this thread for a complete image of this concepts.

http://www.forexfactory.com/showthre...38#post5876538

Cheers buddy and wise trading
  • #115,395
  • Aug 13, 2012 5:54am Aug 13, 2012 5:54am
Quoting rafstraszek
Price breaks through and closes above.

Here you have terminology, link from Pinbar's sig: http://www.forexfactory.com/showthre...57#post5442457

cheers
Hey Raf , You are probably out of the GBPNZD trade at BE aren't you ??? Wanna know an interesting thought ???
Human
  • #115,396
  • Aug 13, 2012 5:59am Aug 13, 2012 5:59am
Quoting deltaskelta
Im sorry but I have to question this....

You say you can get 60-80% a year on a 50k rental? who are your renters? I have some alien invasion insurance I would like to sell them.. (who pays 40k/year to rent a 50k house?)
I would imagine the 60-80% return is calculated on the 10-20% he's is investing when he buys the rentals with leverage!
  • #115,397
  • Aug 13, 2012 6:06am Aug 13, 2012 6:06am
Quoting equivestor12
I would imagine the 60-80% return is calculated on the 10-20% he's is investing when he buys the rentals with leverage!
It could be, thats just a strange way to look at it IMO, like a cash flow ROI
  • #115,398
  • Aug 13, 2012 6:15am Aug 13, 2012 6:15am
Friends,

I am having a dilemma, what is more important thing to watch out for, monthly pivots or BRNs? I only have daily charts open and I have BRNs highlighted and montly pivots. On the top of that, I have some supports and resistances highlighted with some fibs (if they line up). The chart looks mess and I would like to get rid of one of those.

Thank you very much,
hope we are all millionaires by the end of august.
  • #115,399
  • Aug 13, 2012 6:23am Aug 13, 2012 6:23am
Quoting jsvihla
Friends,

I am having a dilemma, what is more important thing to watch out for, monthly pivots or BRNs? I only have daily charts open and I have BRNs highlighted and montly pivots. On the top of that, I have some supports and resistances highlighted with some fibs (if they line up). The chart looks mess and I would like to get rid of one of those.

Thank you very much,
hope we are all millionaires by the end of august.
I don't think one can be calle dmore important than the other IMO, they are all more or less useful at different times. I would give slightly more precedence to S/R and slightly less to Fibs myself. I only draw fibs on the long term trend for some reason.

This is just MO and I am not that experienced FYI...
  • #115,400
  • Aug 13, 2012 6:32am Aug 13, 2012 6:32am
Quoting jarroo
The good news about when these setups don't work out as expected, is that there is a very good chance they will work in the other direction . . at the same level.
Heloo Jarroo

I wonder u taking this short right now?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 30 KB
50 traders viewing now, 1 is registered:
Zojahamad