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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

  • #115,801
  • Aug 19, 2012 2:53pm Aug 19, 2012 2:53pm
AUDJPY chart

We have 2-day pinbar

Fibo 61.8
HCR
BRN 83

I think AUDJPY will down
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  • #115,802
  • Aug 19, 2012 3:04pm Aug 19, 2012 3:04pm
EURUSD

my view
I am waiting for signals at these levels
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  • #115,803
  • Aug 19, 2012 3:36pm Aug 19, 2012 3:36pm
Hello,

I have a question, this is usd/sgd daily chart, trend is down, we are on LCS level, but after broke this level was retest and then sell, do we sell this time also ??
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  • #115,804
  • Aug 19, 2012 3:54pm Aug 19, 2012 3:54pm
Quoting Rosa
Hello,

I have a question, this is usd/sgd daily chart, trend is down, we are on LCS level, but after broke this level was retest and then sell, do we sell this time also ??
Worth a try, since there is the confluence with the TL.
But this area allready saw 2 returns, where the 1st had a strong reaction, the 2nd a solid one and the 3rd (right now) a weak reaction.
It seems like supply is spent, but TL may still hold and push down.

Worth a try, if you can find a low risk (small SL) entry.
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Thoughts are things
  • #115,805
  • Aug 19, 2012 4:34pm Aug 19, 2012 4:34pm
Hello,

Buy aud/usd. There was HCR, then PBT&CA, last friday there was come back to this level, and now on open of market I take long at this pair. SL below PBT&CA candle, set BE at previous LCS level, no target at this moment.
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  • #115,806
  • Aug 19, 2012 4:48pm Aug 19, 2012 4:48pm
Quoting Rosa
Hello,

Buy aud/usd. There was HCR, then PBT&CA, last friday there was come back to this level, and now on open of market I take long at this pair. SL below PBT&CA candle, set BE at previous LCS level, no target at this moment.
Rosa,
I actually see this going the other way. On my feed, price has btcb the hcr and the tl. There is also divergence indicating upwards move is over. Just my thoughts- I am a beginner at jarroo/ chanya method and your reults for last week were pretty impressive but the other confluences point the other way.

M
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  • #115,807
  • Aug 19, 2012 7:28pm Aug 19, 2012 7:28pm
Quoting Gogolak
So just in case im right or not: you mean, for exampe your risk would be 1% with J16 pa method and would be 0.25% with Jarroo method? And it doesnt matter counter trend or major trend.

Jarroo method = touch trades?
Thanks for help!
Hey G

My risk for PA trades is 2% and .5% for touch trades. My touch trades are different then Jarroos, but also similar as most of what we do in here is overlapping. The core of what I do is j16 even with touch trades. But that is similar to Jarroo. I am looking for that story.

Hope that helps
Mike
  • #115,808
  • Aug 19, 2012 7:29pm Aug 19, 2012 7:29pm
I think it will retest the 1.04877 area before it goes down.
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  • #115,809
  • Aug 19, 2012 7:30pm Aug 19, 2012 7:30pm
Quoting jarroo
Mike(mbqb11) Bar: is a bar that is large in size that is in a direct relationship to a Price Pattern Breakout, Consolidation Breakout or Price Action Formation that could lead to a structural and/or dynamical shift in the market.


Jim
good to know!
  • #115,810
  • Aug 19, 2012 7:31pm Aug 19, 2012 7:31pm
Quoting dmc
What's up Mike and SC?!

I've been around , I lurk once in a while even though I don't post.

It's been a busy year and summer has been too fun, despite tearing my ACL in June(playing hoops). Having surgery in September. SUCKS!

Overall trading has been good to me this year as well. :-)

All good on your guys' end?
dang dude sorry bout the ACL, good luck with recovery

Glad to hear about trading


Best
Mike
  • #115,811
  • Aug 19, 2012 7:52pm Aug 19, 2012 7:52pm
This looks interesting

Nice area on the weekly with all those closes on the left, below parity.
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  • #115,812
  • Edited 8:32pm Aug 19, 2012 8:16pm | Edited 8:32pm
Jim
I am looking at this rather enormous swing on the monthly at 1.0315 which, we just had a weekly close below. However, price does not seem to be reacting to it with much zest.
Just wondering if you would consider this level washed out, if not, could you explain your criteria for a level being washed out and why this one is not?
Probably a difficult question actually.

Thanks Jim
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  • #115,813
  • Aug 19, 2012 9:10pm Aug 19, 2012 9:10pm
Hmm, Let's see if it will hold with a tight stop.
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  • #115,814
  • Aug 20, 2012 1:20am Aug 20, 2012 1:20am
Quoting Forexgogo
Here is my concern. AUDUSD is reaching the point where the price can go either way. So, I would very much hesitate to take a position in AUDCHF, too.

Hope it helps
Let's see if it makes it SL=BE
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  • #115,815
  • Aug 20, 2012 1:22am Aug 20, 2012 1:22am
Quoting ghous
What I was basically interested in knowing was if you were looking at the possibility of a bigger move or a just short term trade.

Either ways, the bar you are looking at is pretty small compared to the recent action that brought us down. Furthermore as Mike suggests you must never ignore the bigger picture often pretty obvious on a higher time frame. For instance if you look at the 4H you'll clearly notice how we have trickled down below an important price pivot zone which could easily now hold as resistance without having to surprise you.

You're...
Wow ! It sure helps
  • #115,816
  • Aug 20, 2012 1:36am Aug 20, 2012 1:36am
Quoting RonaldinhoKuban
Where is the guest section of this video? And who is this Janes?
Hey Ronaldinho, here you go: http://www.james16group.us/Guests/guest.html You mean James? Read the first post of this thread and you will know.

Quoting ghous
What I was basically interested in knowing was if you were looking at the possibility of a bigger move or a just short term trade.
Great explanation, thanks Ghous.

Quoting Pinbar
This looks interesting

Nice area on the weekly with all those closes on the left, below parity.
Thanks for pointing that out, PB. My feed does not reach back far enough. I like those areas where price literally jumped away from. It will often do so again the 1st time it gets back there. But first it may give us a nice trade up from parity level. I'm looking for PA on lower TF now.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #115,817
  • Aug 20, 2012 1:36am Aug 20, 2012 1:36am
And because of that I am at be right now . best, Rosa.

Quoting millions
Rosa,
I actually see this going the other way. On my feed, price has btcb the hcr and the tl. There is also divergence indicating upwards move is over. Just my thoughts- I am a beginner at jarroo/ chanya method and your reults for last week were pretty impressive but the other confluences point the other way.

M
  • #115,818
  • Aug 20, 2012 1:49am Aug 20, 2012 1:49am
Quoting Rosa
And because of that I am at be right now . best, Rosa.
I dont think it will go further up. Got a pending short on this one.
Thoughts are things
  • #115,819
  • Aug 20, 2012 3:32am Aug 20, 2012 3:32am
Hello,

Take profit at LCS and go short at this level.

Quoting Quezoy
I dont think it will go further up. Got a pending short on this one.
  • #115,820
  • Aug 20, 2012 7:13am Aug 20, 2012 7:13am
OK I've joined the short club
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