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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

  • #116,681
  • Aug 29, 2012 6:42am Aug 29, 2012 6:42am
Quoting DaGrizlyBull
Hey Pinbar,

I'm new to Jaroo's strategy, but would this have been a legit setup?

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Quoting jarroo
Check this out Steve . .let me zoom in on this little setup that worked. Tiny little weak bullish PB in a strong down trend and then PBT&CB . .That could be my avatar .. lol
Yes that's absolutely correct DGB, on both pairs .
Indicators show the past. Price Action "Indicates" the future.
  • #116,682
  • Aug 29, 2012 6:44am Aug 29, 2012 6:44am
Quoting Pinbar
Took enough off the table, that even if it comes back at me, I am at BE plus.

PA = Momentum . . .nice one , Steve.
Indicators show the past. Price Action "Indicates" the future.
  • #116,683
  • Aug 29, 2012 6:47am Aug 29, 2012 6:47am
Quoting jarroo
Check this out Steve . .let me zoom in on this little setup that worked. Tiny little weak bullish PB in a strong down trend and then PBT&CB . .That could be my avatar .. lol
But then you would have to stop telling us to use the bigger swing points. LOL
  • #116,684
  • Aug 29, 2012 6:48am Aug 29, 2012 6:48am
Quoting samuelngugi
hi jaroo. how is this. demo trade. BUOVB on bounce of 38.2 fibo level. this my 1st post. the red linne is HCR and price closed above. also price above BRN and above last weeks weekly close
We first have to clean up those charts, sam . .we don't need that stuff on our charts. We are mainly looking at just Price.
Indicators show the past. Price Action "Indicates" the future.
  • #116,685
  • Aug 29, 2012 6:48am Aug 29, 2012 6:48am
Quoting jarroo
PA = Momentum . . .nice one , Steve.

Actually, it should be NICE ONE JARROOOOOOOOO.

I only spotted the BUEOB break and took it, right before the power in this building went out.
  • #116,686
  • Aug 29, 2012 6:50am Aug 29, 2012 6:50am
Quoting Pinbar
But then you would have to stop telling us to use the bigger swing points. LOL
lol that's true . .Just shows how reactive these smaller SPs are in a strong trending market
Indicators show the past. Price Action "Indicates" the future.
  • #116,687
  • Aug 29, 2012 6:55am Aug 29, 2012 6:55am
Quoting Pinbar
Actually, it should be NICE ONE JARROOOOOOOOO.

I only spotted the BUEOB break and took it, right before the power in this building went out.
We really have to thank Rosco_P, he's the one that posted the EurSek . .I never look at that pair . .


Quoting Rosco_P
SEK crosses have great PA across the board.

Attachment
Indicators show the past. Price Action "Indicates" the future.
  • #116,688
  • Aug 29, 2012 6:58am Aug 29, 2012 6:58am
Quoting bullzeye
Hey Rust!

Glad to hear you are already profitable...

But i think trading H1 Charts is a waste of time

cheerz
Hey bullz,
ACTUALLY I don't consider myself trading the lower timeframes. Don't get confused with me posting H1 charts. Take a deeper look at some of them and you will see :
I NEVER have traded a single bar on a H4 or H1 chart! I look for the whole picture (the story as Mike states it). If the whole story takes 50 bars or 100 bars or even 1000 bars, isn't this as much information that i use as if you take a Weekly pinbar or a Daily one ? Most of the time it's even MORE information! A lot more! And that's what makes the difference

In the end it doesn't matter what timeframe you watch, or what method you use, or what forum you read, or if you can post gazillion charts where you made ton of profit. It matters only do you make money!
It won't be a waste of time if you can make money on the 5 min, right ?

Just not to leave you wrong impression. I prefer trading longer timeframes, too! It's easier and clearer. But you cannot just say such strong words, that is a waste of time. For you and me - maybe it is, but we are not the only guys hehe

Take care man
  • #116,689
  • Aug 29, 2012 7:00am Aug 29, 2012 7:00am
Quoting DaGrizlyBull
Hey Pinbar,

I'm new to Jaroo's strategy, but would this have been a legit setup?

Attachment

This may help you understand why, I do not like that area for a short entry.
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  • #116,690
  • Aug 29, 2012 7:00am Aug 29, 2012 7:00am
Quoting rafstraszek
It looks a little different on fxpro...we have two good trades here...

take care
Looks like Price is caught in-between 2 HCR levels . .actually there is a 3rd one there too.
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Indicators show the past. Price Action "Indicates" the future.
  • #116,691
  • Aug 29, 2012 7:00am Aug 29, 2012 7:00am
Quoting Rust
Hey bullz,
ACTUALLY I don't consider myself trading the lower timeframes. Don't get confused with me posting H1 charts. Take a deeper look at some of them and you will see :
I NEVER have traded a single bar on a H4 or H1 chart! I look for the whole picture (the story as Mike states it). If the whole story takes 50 bars or 100 bars or even 1000 bars, isn't this as much information that i use as if you take a Weekly pinbar or a Daily one ? Most of the time it's even MORE information! A lot more! And that's what makes the difference

In...
well said....

anyway, couldn't resist :

Quote
...or what forum you read...

http://www.forexfactory.com/showthre...33#post4364133

Hero calls followed by margin calls...
  • #116,692
  • Aug 29, 2012 7:01am Aug 29, 2012 7:01am
Quoting jarroo
We really have to thank Rosco_P, he's the one that posted the EurSek . .I never look at that pair . .
Yeah, the spread alone is enough to not bother looking at it.
  • #116,693
  • Aug 29, 2012 7:04am Aug 29, 2012 7:04am
Quoting Pinbar
Yeah, the spread alone is enough to not bother looking at it.
so true

anyway, Mike doesnt care about spreads
Hero calls followed by margin calls...
  • #116,694
  • Aug 29, 2012 7:05am Aug 29, 2012 7:05am
Quoting Pinbar
This may help you understand why, I do not like that area for a short entry.

Yes that's true . . that LCS would have been a valid target too. But its a legitimate setup nonetheless.
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Indicators show the past. Price Action "Indicates" the future.
  • #116,695
  • Aug 29, 2012 7:05am Aug 29, 2012 7:05am
Quoting PhAnTi'
so true

anyway, Mike doesnt care about spreads
Mike has a gazillion dollar account to not worry about the spread. LOL
  • #116,696
  • Aug 29, 2012 7:10am Aug 29, 2012 7:10am
Quoting jarroo
Yes that's true . . that LCS would have been a valid target too. But its a legitimate setup nonetheless.
Yes, I hear you but, would that target cover the spread on EUR/SEK?

What has gotten into you today Jim with these tiny Sps.
People are going to get the wrong idea, especially when it is coming from you. I am going to disown myself from them.
Please nobody ask me about a SP smaller than at least a Meter. LOL
  • #116,697
  • Aug 29, 2012 7:13am Aug 29, 2012 7:13am
Quoting jarroo
We first have to clean up those charts, sam . .we don't need that stuff on our charts. We are mainly looking at just Price.
i have tried to clean up. EURCAD and GBPUSD long. am new just trying to ask for direction. i will try keep them clean next time. sorry for tht.
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"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #116,698
  • Aug 29, 2012 7:13am Aug 29, 2012 7:13am
Quoting PhAnTi'
so true

anyway, Mike doesnt care about spreads
I agree about the spreads as well . .but as far as crazy crosses goes this one is up there . .but still very tradeable.

much like the UsdLvl (Latvian) .
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Indicators show the past. Price Action "Indicates" the future.
  • #116,699
  • Aug 29, 2012 7:16am Aug 29, 2012 7:16am
Quoting Pinbar
Yes, I hear you but, would that target cover the spread on EUR/SEK?

What has gotten into you today Jim with these tiny Sps.
People are going to get the wrong idea, especially when it is coming from you. I am going to disown myself from them.
Please nobody ask me about a SP smaller than at least a Meter. LOL
i have a 17 inch screen.... will be tough to spot :-P
Hero calls followed by margin calls...
  • #116,700
  • Aug 29, 2012 7:17am Aug 29, 2012 7:17am
Quoting jarroo
I agree about the spreads as well . .but as far as crazy crosses goes this one is up there . .but still very tradeable.

much like the UsdLvl (Latvian) .
wtf ? data error ?
Hero calls followed by margin calls...
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