james16 Chart Thread | Page 5895 | 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

  • #117,881
  • Sep 8, 2012 11:48am Sep 8, 2012 11:48am
Hey Jarroo,

Quick question.
As you mentioned before 4H,H,15 Min signatures.
Does the bar marked with the green arrow can be considered as a H signature or should we wait for a bar like the one marked with the red arrow to name as a H signature?

Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 16 KB
  • #117,882
  • Sep 8, 2012 11:53am Sep 8, 2012 11:53am
Quoting Barefoot
I wanted to follow up on my earlier post about finding this thread and finally experiencing consistent winning trades.

My trading in recent weeks has been absurdly good, and I am finding that I've entered new psychological territory. I know how difficult trading is, and it makes me fear that this kind of success is unsustainable; like at any moment it's going to blow up on me and stop working.

I also fear that I'll become greedy, and that I'll start being too aggressive because I think I've become invincible. I would love to hear from people who...
Your biggest challenge lies in managing your expectations.

Ever wondered why people start off with a big bang only to be mauled and ruthlessly smacked around by the markets soon after? Yes your wins and losses are merely a function of probability, but the persistence of the phenomena of beginners luck followed by reality striking instead of the other way round should make you sit back and wonder why it is the way it is.

Ever experienced the "sting" when you lose on a trade you really expected to win on? Ever wondered why a losing streak almost always follows a few nailed trades - I mean ABSOLUTELY NAILED?

Expectations are at the heart of most of your emotions including the ones that construct and the ones that destruct you as traders.

When you start trading a new method or apply yourself to something totally new you are basically in a tentative, experimental mode where the adventurous "you" really only wants to see what you can achieve against no benchmarks and performance standards. Things dramatically change when your mind starts to perceive your actions and their results as something good and relatively consistent. This is where you start "expecting" yourself to do well at the system in the long run, because you've been nailing your trades for the past two weeks now. A flawed belief of course but your subconscious cares not about the authenticity of your beliefs. It takes to be true what you think is true and starts manifesting emotions and internal and external responses that are in line with your beliefs. So when the market conditions change and all of a sudden you start to perform well below what you believe you are capable off it triggers a storm within you that can leave you devastated, feeling like a failure, and totally diminished on self esteem and confidence.

Your "fear of success" is also a product of your expectations. Your success is ingrained into your subconscious as one that belongs to a bad ass trader who owns the markets! Logic, that is your conscious mind, reminds you that you still have a lot of work to do, and you're no way near to what you have come to expect of yourself.

Whether you think you can or you think you can't, either ways you are right - Henry Ford.

Amazingly your subconscious mind is capable of incredible things, if it is fed the right diet in terms of healthy beliefs and positive thoughts. Your fear of success is there because one part of you, the one that you don't control, thinks you're a great trader because you have great results and the other, the conscious part, over which you have 100% control, wants you to think you're a nobody. Imagine what you can conquer if you can change your line of thought to a more positive mode? One where success, the intensity of it as of now, is looked upon as really something totally meager. And that YOU, the glorious, successful, phenomenal trader that you are, are after much MUCH more - then all of a sudden - huh you're not successful at all right? All of a sudden there is nothing to fear right?

Its Darkstar who said this, as quoted by Mike -> A trader does nothing, but trade his beliefs in the market.
Its only a matter of perspective...

g.
I believe . . .
  • #117,883
  • Sep 8, 2012 12:08pm Sep 8, 2012 12:08pm
Hi Jarroo,

Since you are online at this time, may I ask you a favor to check out my charts posted on the following posts and provide your valuable comments? I'll be obliged

http://www.forexfactory.com/showthre...39#post5996039

http://www.forexfactory.com/showthre...41#post5996041


Thanks ahead
Vicky
Fall seven times, stand up Eight! #GGMU
  • #117,884
  • Sep 8, 2012 12:14pm Sep 8, 2012 12:14pm
Quoting jarroo
There's no "hope" in trading Chanya . .what is the setup telling right now on the ChfJpy?



Its just a Joke but see my post below

http://www.forexfactory.com/showthre...52#post5994952
Human
  • #117,885
  • Edited 12:31pm Sep 8, 2012 12:15pm | Edited 12:31pm
Quoting Crane80
Hey Jarroo,

Quick question.
As you mentioned before 4H,H,15 Min signatures.
Does the bar marked with the green arrow can be considered as a H signature or should we wait for a bar like the one marked with the red arrow to name as a H signature?

Thanks,

Excellent confluenced levels and nice setup on the UsdMxn. Crane . .
Two LCS levels in this one. . .entry would be on the 1st LCS.

charts . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdmex.gif Size: 29 KB
Click to Enlarge Name: usdmex44.gif Size: 26 KB
Click to Enlarge Name: usdmex4411.gif Size: 30 KB
Indicators show the past. Price Action "Indicates" the future.
  • #117,886
  • Sep 8, 2012 12:18pm Sep 8, 2012 12:18pm
Quoting jarroo
There's no "hope" in trading Chanya . .what is the setup telling right now on the ChfJpy?
Its still untested , it still might get retested , Its in correlation with Eur Jpy , which is still yet to retest ... So I see it get retested but I have tightened up my stops then Usual because of the uncertainty ...

This is what my feed shows me
Human
  • #117,887
  • Sep 8, 2012 12:25pm Sep 8, 2012 12:25pm
Quoting Chanya


Its just a Joke but see my post below

http://www.forexfactory.com/showthre...52#post5994952

I've changed "I hope" . .to . . "I would like to see" . .lol ..
Indicators show the past. Price Action "Indicates" the future.
  • #117,888
  • Sep 8, 2012 12:25pm Sep 8, 2012 12:25pm
Quoting ghous
Your biggest challenge lies in managing your expectations.

Ever wondered why people start off with a big bang only to be mauled and ruthlessly smacked around by the markets soon after? Yes your wins and losses are merely a function of probability, but the persistence of the phenomena of beginners luck followed by reality striking instead of the other way round should make you sit back and wonder why it is the way it is.

Ever experienced the "sting" when you lose on a trade you really expected to win on? Ever wondered why a losing streak almost...
You are always the best at this kind of thing aren't u ???
Great to see you here ...
Human
  • #117,889
  • Sep 8, 2012 12:26pm Sep 8, 2012 12:26pm
Quoting Chanya
Its still untested , it still might get retested , Its in correlation with Eur Jpy , which is still yet to retest ... So I see it get retested but I have tightened up my stops then Usual because of the uncertainty ...

This is what my feed shows me
It looks long to me too.
Indicators show the past. Price Action "Indicates" the future.
  • #117,890
  • Sep 8, 2012 12:28pm Sep 8, 2012 12:28pm
Quoting vickym
Hi Jarroo,

Since you are online at this time, may I ask you a favor to check out my charts posted on the following posts and provide your valuable comments? I'll be obliged

http://www.forexfactory.com/showthre...39#post5996039

http://www.forexfactory.com/showthre...41#post5996041


Thanks ahead
Vicky
Sure Vicky . .give me a few mintues . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,891
  • Sep 8, 2012 12:30pm Sep 8, 2012 12:30pm
Quoting jarroo
Sure Vicky . .give me a few mintues . .
Great to know you are looking at it. No hurries, take your time. I'll do further trade plans based on your comments.

Cheers
Vicky
Fall seven times, stand up Eight! #GGMU
  • #117,892
  • Sep 8, 2012 12:37pm Sep 8, 2012 12:37pm
hey ghous u r no longer active in ur blog? and after reading and reading the super stuff @ur blog which is really amazing i have a question for u ! u stated that jarro was behind ur realization that bars closes can be equally !! what do u mean by closes can be equally ???
  • #117,893
  • Edited 2:48pm Sep 8, 2012 12:39pm | Edited 2:48pm
Quoting ghous
Your biggest challenge lies in managing your expectations.

Ever wondered why people start off with a big bang only to be mauled and ruthlessly smacked around by the markets soon after? Yes your wins and losses are merely a function of probability, but the persistence of the phenomena of beginners luck followed by reality striking instead of the other way round should make you sit back and wonder why it is the way it is.

Ever experienced the "sting" when you lose on a trade you really expected to win on? Ever wondered why a losing streak almost...
Man You are a LEGEND .... I just red the whole thing .. How do you do this ??? We have all been through this , I am still going through this almost every day , Last week was a big example of that , but yet you still can put it into such effective words ... Where are you from ? Mars ?
Human
  • #117,894
  • Sep 8, 2012 12:46pm Sep 8, 2012 12:46pm
Quoting vickym
Hello traders,

Could anyone spare a few mins and validate the HCRs/LCSs marked in the charts below. Your comments will be of great help, thanks in advance!

Cheers
Vicky

Quoting vickym
Some more charts here!

They look really good Vicky . . . good job . .

Just be sure to include the Open and Close of a HCR/LCS level . .they are there because of the damn weekend gap. . or because of the demo feed. ..

Also, is your feed on the New York Close (5:00 PM EST)? If it is, great. We like the New York Close because it is aligned with the Close of other financial markets ..

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: aj08.gif Size: 26 KB
Indicators show the past. Price Action "Indicates" the future.
  • #117,895
  • Sep 8, 2012 12:53pm Sep 8, 2012 12:53pm
Jarroo please tell me what do you think about TP on this trade.

THX

chart:
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 23 KB
  • #117,896
  • Sep 8, 2012 1:03pm Sep 8, 2012 1:03pm
and one more question jarroo to you.

THX for your help.

chart:
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 23 KB
  • #117,897
  • Sep 8, 2012 1:04pm Sep 8, 2012 1:04pm
i know that ur pbt pdf created a nuclear disaster among the new comers and u promised that pbt 2 is comin out soon , but for some reasons u changed ur mind , we all know that our julius cesar jarroo is making a great job concerning all the questions. but a promise is a promise or i will go on hunger strike .so we need pbt 2
  • #117,898
  • Sep 8, 2012 1:06pm Sep 8, 2012 1:06pm
Quoting jarroo
They look really good Vicky . . . good job . .

Just be sure to include the Open and Close of a HCR/LCS level . .they are there because of the damn weekend gap. . or because of the demo feed. ..

Also, is your feed on the New York Close (5:00 PM EST)? If it is, great. We like the New York Close because it is aligned with the Close of other financial markets ..

Jim
Many thanks Jim. No, my broker feed is not 5PM EST.

I'll start analyzing other charts now too

Thanks
Vicky
Fall seven times, stand up Eight! #GGMU
  • #117,899
  • Edited 1:35pm Sep 8, 2012 1:12pm | Edited 1:35pm
Quoting deltaskelta
jarroo, I noticed your avatar is a fractal pattern... Does this have any significance to you and your trading?

random question, but I figured it must mean something to you if you made it your avatar...

Fractal pattern? . .lol no . .I just thought it looked cool. . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,900
  • Sep 8, 2012 1:15pm Sep 8, 2012 1:15pm
Quoting jarroo
Hey Dan . .upon a closer look of the earlier NzdUsd setup . .It was technically correct when PBT&CB initially. It was still a valid setup as we discussed.

HCR/LCS levels have the potential to be the borders of Consolidation.

Although this LCS level was valid on the NZDUsd, I would like to see them at deeper Swing points.

Here's a question for you . .Can a failed Touch Trade be a successful Daily Close Conformation on the same setup?

Jim
Hey Jarroo, thanks for the reply. First, in regards to your question, yes DCC can be a sucessfull way or re-entering on the same trade.. never thought about that untill now

Also, i agree on that NU setup that the swing point was not deep at all .. I rarely ever take trades off shallow swings like this .. but I am mindfull of how price reacts to those levels.

BTW the trade I posted and mentioned to you was AUD/USD which did have a nice deep swing point. What are your thoughts on this setup .. was a good one + valid, that just happened to fail (touch trade)

Cheers
Dan
43 traders viewing now