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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

  • #117,421
  • Sep 5, 2012 1:51pm Sep 5, 2012 1:51pm
Quoting jarroo
Hey brzvadeg . rememeber chart 3 from this post?




I cleaned it up a bit to show you how reactive the LCS levels can be when the pair has her mind set on trending up.
Jarroo,
Do you take a long trade on the touch of the LCS?
Sometime i see you wait for a bar confirmation, like posts above and sometimes you just trade at the bar next to the bar that BT and closes above.
  • #117,422
  • Sep 5, 2012 1:57pm Sep 5, 2012 1:57pm
Quoting Thierry
Jarroo,
Do you take a long trade on the touch of the LCS?
Sometime i see you wait for a bar confirmation, like posts above and sometimes you just trade at the bar next to the bar that BT and closes above.

Not on a touch . . it was an Houly Close Confirmation of Support (a.k.a. Hourly Signature) . .entry on the Hourly Close (1.2510). Close to the Low of the Day . .it doesn't surprise me any more . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,423
  • Sep 5, 2012 1:58pm Sep 5, 2012 1:58pm
Quoting mbqb11
Hey DGB

Likely in the next month or two things will start getting rolled out. But I am sure James will let everyone know too as things get closer

Best
Mike
Diddn't know it was down. Could I still sign up and get up to speed with all the archived vids. I'm unclear how it works not being a member yet. I was planning to sign up as soon as I got up to speed on this thread which hopefully will be soon.
  • #117,424
  • Sep 5, 2012 2:01pm Sep 5, 2012 2:01pm
Quoting deltaskelta
anyone looking at the USDCAD for a jarroo type trade. Its not at a specific lcs/hcr like you guys like but it did break through RN and PPZ and its a buob of the past 4 days.

let me know what you think...
The UsdCad is setting up just like the EurAud, EurNzd and EurSek . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,425
  • Sep 5, 2012 2:02pm Sep 5, 2012 2:02pm
Quoting jarroo
BRN 1.2500 . .the ATR could be tighter . .Bam??? we'll see . .
BAMM ! waiting for the closure of these pairs. Sold usd/sgd. if closed lower 1.2473 today then good. For me very interesting gbp/usd eur/nok and especially eur/nok.
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  • #117,426
  • Sep 5, 2012 2:11pm Sep 5, 2012 2:11pm
Quoting jarroo
BRN 1.2500 . .the ATR could be tighter . .Bam??? we'll see . .

I have to show the before and after . .for all of you "before the fact" people out there. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #117,427
  • Sep 5, 2012 2:11pm Sep 5, 2012 2:11pm
Quoting jarroo
Not on a touch . . it was an Houly Close Confirmation of Support (a.k.a. Hourly Signature) . .entry on the Hourly Close (1.2510). Close to the Low of the Day . .it doesn't surprise me any more . .
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  • #117,428
  • Sep 5, 2012 2:12pm Sep 5, 2012 2:12pm
Quoting brzvadeg
Attachment

Correct . .much like the Daily Close Confirmation . .but on the Hourly . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,429
  • Sep 5, 2012 2:18pm Sep 5, 2012 2:18pm
Quoting Moly_Cam5
hi jarroo ,
2500 BRN have made a support now bullish pinbar is forming on daily
what do you think ?
We always wait for the end of the Day (for the Close) to confirm any PA formation . .it could be a Bullish Outside Bar.
Indicators show the past. Price Action "Indicates" the future.
  • #117,430
  • Sep 5, 2012 2:20pm Sep 5, 2012 2:20pm
Quoting asim.iqbal
Great! Yu was right sir. here are the USDX current screenshots, in which the price is hitting right at the HCR Level.

Yep ..much like the Swissy . .
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Indicators show the past. Price Action "Indicates" the future.
  • #117,431
  • Sep 5, 2012 2:21pm Sep 5, 2012 2:21pm
Quoting jarroo
Not on a touch . . it was an Houly Close Confirmation of Support (a.k.a. Hourly Signature) . .entry on the Hourly Close (1.2510). Close to the Low of the Day . .it doesn't surprise me any more . .
Thanks J.

What would you suggest to do with this great stuff, when you like me, only can trade the daily because of a fulltime job?
  • #117,432
  • Sep 5, 2012 2:25pm Sep 5, 2012 2:25pm
Quoting jarroo
Correct . .much like the Daily Close Confirmation . .but on the Hourly . .
Firstly, i find out that a day needs to close below/above a level to confirm its holding , and enter on the retest.
Then i find out that "sometimes", we need ANOTHER day to retest AND close above/below after PBT to confirm the level holding.
Then i find out that a H1 bar that test and closes above/below is enough to confirm that level.

So...which one is it? Is there a place where all this is somewhat structured?

Thanks
I don't need easy. I just need possible.
  • #117,433
  • Sep 5, 2012 2:26pm Sep 5, 2012 2:26pm
Quoting Thierry
Thanks J.

What would you suggest to do with this great stuff, when you like me, only can trade the daily because of a fulltime job?
Yeah this was more of intra day type trade. There are ways to trade the Daily/Weekly with limited time. I'm working on presenting such a method or exercise one can do. . .very easy.

Mike's stuff is great for this too . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,434
  • Sep 5, 2012 2:29pm Sep 5, 2012 2:29pm
Quoting jarroo
Yep ..much like the Swissy . .
The first red bar is the BT HCR bar. The second red bar is the confirmation bar? and we enter short at the touch of the blue bar?

Or is this wrong?
  • #117,435
  • Sep 5, 2012 2:29pm Sep 5, 2012 2:29pm
Quoting DaGrizlyBull
Firstly, i find out that a day needs to close below/above a level to confirm its holding , and enter on the retest.
Then i find out that "sometimes", we need ANOTHER day to retest AND close above/below after PBT to confirm the level holding.
Then i find out that a H1 bar that test and closes above/below is enough to confirm that level.

So...which one is it? Is there a place where all this is somewhat structured?

Thanks
Yes it is . .one's a confirmation of a setup . . the other is a entry method . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,436
  • Sep 5, 2012 2:31pm Sep 5, 2012 2:31pm
Quoting jarroo
Yeah this was more of intra day type trade. There are ways to trade the Daily/Weekly with limited time. I'm working on presenting such a method or exercise one can do. . .very easy.

Mike's stuff is great for this too . .
For the public of PF? I saw you are going to do a webinar.. very looking forward to that!!
  • #117,437
  • Sep 5, 2012 2:34pm Sep 5, 2012 2:34pm
Quoting Thierry
The first red bar is the BT HCR bar. The second red bar is the confirmation bar? and we enter short at the touch of the blue bar?

Or is this wrong?
a chart would help
Indicators show the past. Price Action "Indicates" the future.
  • #117,438
  • Sep 5, 2012 2:36pm Sep 5, 2012 2:36pm
Quoting Thierry
For the public of PF? I saw you are going to do a webinar.. very looking forward to that!!

Still working out the free webinar . . I haven't yet presented it to Mike and James16 . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,439
  • Sep 5, 2012 2:39pm Sep 5, 2012 2:39pm
Quoting jarroo
Yes it is . .one's a confirmation of a setup . . the other is a entry method . .
We may have a situation where PBT CA. Next day what do you do when price retraces to the level? There may be a "H1 signature" as you call it, yet the day could close below that level.

Which one do you take? Is H1 rejection (touch and close above) enough to trump the Daily touch and close above??
I don't need easy. I just need possible.
  • #117,440
  • Sep 5, 2012 2:42pm Sep 5, 2012 2:42pm
Quoting jarroo
Still working out the free webinar . . I haven't yet presented it to Mike and James16 . .
I'm sure it's gonna be
http://i.chzbgr.com/completestore/20...9999398765.jpg

Can't wait
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