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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

  • #117,201
  • Sep 3, 2012 3:39pm Sep 3, 2012 3:39pm
Last week was a bad week for me ... I missed plenty of good opportunities ... I went against my rules and manually closed couple of orders ... I took 6 major losses last week ...

All in all , I was in negative for the week ...

But one thing I am proud of was that I did not fingered with my AUD CHF Management , which I did with almost my every other trade ... I think I am in love with AUD CHF , although this one also gave me two minor buy losses ... I would have kissed her if it were something human ....
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Human
  • #117,202
  • Sep 3, 2012 3:41pm Sep 3, 2012 3:41pm
Quoting Chanya
I am sorry buddy for the earlier mess ... I also believe that most of the time PBT lines up with SND ... I have been noticing it for a while also ...

Nice observation
No probs. It is all the same thing as Jarroo says. Ken calls them a swap level, Phanti calls them polls.

We can see the market is based on S&D but it's really not so easy to make a profitable system out of it... But we do know these PBT levels work very nicely
  • #117,203
  • Sep 3, 2012 3:43pm Sep 3, 2012 3:43pm
Quoting Chanya
Last week was a bad week for me ... I missed plenty of good opportunities ... I went against my rules and manually closed couple of orders ... I took 6 major losses last week ... But one thing I am proud of was that I did not fingered with my AUD CHF Management , which I did with almost my every other trade ... I think I am in love with AUD CHF ... I would have kissed her if it were something human ...
Wow...o.O This is something...
  • #117,204
  • Sep 3, 2012 3:43pm Sep 3, 2012 3:43pm
Quoting jarroo
Sorry gasgas . .I'm confused by the simplicity of you chart . .

. .just kidding . .great clear chart .
dun't make me put all the trendlines up there lol
  • #117,205
  • Edited 3:55pm Sep 3, 2012 3:45pm | Edited 3:55pm
Quoting rafstraszek
Wow...o.O This is something...
Why are you surprised ??? Didn't I shared most of them while , before or shortly afterwards of taking ???

And also , these kinds of moves are rare so its nothing special I guess ...
Human
  • #117,206
  • Sep 3, 2012 3:51pm Sep 3, 2012 3:51pm
Quoting gasgas
dun't make me put all the trendlines up there lol

As long as it doesn't look like a spider web . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,207
  • Sep 3, 2012 3:53pm Sep 3, 2012 3:53pm
Quoting brzvadeg
need to give more space to the price movement. I hope I understand you correctly.
When PBT&CA our HCRs levels (in this example) we would wait until Price comes down and not close below our levels.

Does this chart help?
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Indicators show the past. Price Action "Indicates" the future.
  • #117,208
  • Sep 3, 2012 4:02pm Sep 3, 2012 4:02pm
Quoting Chanya
Why are you surprised ??? Didn't I shared most of them while , before or shortly afterwards before taking ???

And also , these kinds of moves are rare so its nothing special I guess ...
Man, you shouldn't be so modest It's one thing to sell once or twice...You did it 8 times - trade management is one of my biggest weakness (I have problem with staying with trade - I want keep my profit, so a little retrace and I'm often out)...so I'm really (suprised is wrong word - I would use amazed ) amazed, when people do something like this!!! Because when someone can do this - I'm sure I can too - maybe not now, but in the future...

And even if I saw it before - Can't I be amazed twice?Or every time? And this rare things - only they are truly amazing...

take care my friend - you are my inspiration
  • #117,209
  • Sep 3, 2012 4:02pm Sep 3, 2012 4:02pm
Quoting jarroo
I see C-12 . . What happen at this Supply level in Red.
It's not a supply level Jim.

Look to the left of your red box. You will see a pin and a big drop. the big drop from that 'base' will probably (as with all things in trading we play probability) contain short orders, as will the base itself. This is the supply level. And it worked.

Your red box has a pin - the tip of which reached our supply base and precipitated a huge drop. Lots of sell orders.

We mustnt forget SD traders have access to the same arsenal as everyone else as Mike says. We can look at SR flips, HCR/LCS, harmonics, Fibs, shapes etc. Just as everyone else we look for confluence.

But in addition to that we can see areas where orders are likely to be sitting/accumulating and play those areas.
  • #117,210
  • Sep 3, 2012 4:02pm Sep 3, 2012 4:02pm
Quoting Johan N
Hi everyone!

I have been reading this thread for quite a long time now and I love it! Thank you all for such a great thread.
I have been demoing back and forth for some time and are trying learn this J16 material, I hope to learn a lot more.

Mike, Jaroo, James and all others you are doing a fine job teaching!!

Thought I would contribute with my thinking on one pair... There is a PB forming just above the TL. But there is a lot of traffic ahead, and the PB is quite small. I guess it is better to play on a break out like Mike. To me it...
Hey Johan

Welcome

I like your chart and this is exactly the type of things I look for. Wait for the bigger stronger breakout with PA and it works very very well

Welcome again to the thread

Mike
  • #117,211
  • Sep 3, 2012 4:12pm Sep 3, 2012 4:12pm
Thanks Mike!
  • #117,212
  • Sep 3, 2012 4:13pm Sep 3, 2012 4:13pm
Quoting jarroo
When PBT&CA our HCRs levels (in this example) we would wait until Price comes down and not close below our levels.

Does this chart help?
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  • #117,213
  • Sep 3, 2012 4:16pm Sep 3, 2012 4:16pm
Quoting jarroo
When PBT&CA our HCRs levels (in this example) we would wait until Price comes down and not close below our levels.

Does this chart help?
sorry for my question to you jarroo but i want to understand it properly.

chart:
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  • #117,214
  • Sep 3, 2012 4:16pm Sep 3, 2012 4:16pm
Quoting beebolbod
It's not a supply level Jim.

Look to the left of your red box. You will see a pin and a big drop. the big drop from that 'base' will probably (as with all things in trading we play probability) contain short orders, as will the base itself. This is the supply level. And it worked.

Your red box has a pin - the tip of which reached our supply base and precipitated a huge drop. Lots of sell orders.

We mustnt forget SD traders have access to the same arsenal as everyone else as Mike says. We can look at SR flips, HCR/LCS, harmonics, Fibs, shapes...

I think I understand what you're saying beebo . .

. .This is what I see . . specific levels(s) . .with specific entries . .with specific targets and specific S/L palcements.
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Indicators show the past. Price Action "Indicates" the future.
  • #117,215
  • Sep 3, 2012 4:18pm Sep 3, 2012 4:18pm
Quoting brzvadeg
Attachment

YES!! YES!! . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,216
  • Sep 3, 2012 4:21pm Sep 3, 2012 4:21pm
Quoting jarroo
YES!! YES!! . .
  • #117,217
  • Sep 3, 2012 4:21pm Sep 3, 2012 4:21pm
Quoting 0421
sorry for my question to you jarroo but i want to understand it properly.

chart:
Well I don't - After close above, I put pending order on hcr lvl, so when price touch it - i'm long. I don't wait for close. This is nice setup - enter to the pip

So I enter on this red line below this other red line...

but this is my way, and it works for me..
  • #117,218
  • Sep 3, 2012 4:21pm Sep 3, 2012 4:21pm
Quoting 0421
sorry for my question to you jarroo but i want to understand it properly.

chart:
YES!! . .0421 . .or on the Close
Indicators show the past. Price Action "Indicates" the future.
  • #117,219
  • Sep 3, 2012 4:24pm Sep 3, 2012 4:24pm
Quoting brzvadeg

You're not done yet, brzvadeg . . . .tell me (show me) the same thing about the Euro today.
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Indicators show the past. Price Action "Indicates" the future.
  • #117,220
  • Sep 3, 2012 4:31pm Sep 3, 2012 4:31pm
Quoting jarroo
You're not done yet, brzvadeg . . . .tell me (show me) the same thing about the Euro today.
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