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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

  • #118,681
  • Sep 19, 2012 3:44am Sep 19, 2012 3:44am
Hi,

With all this recent talk of gaps getting filled and gap support/resistance, would anyone know any good threads on gap trading and learning about gaps for a newbie?

Thanks.
  • #118,682
  • Sep 19, 2012 3:55am Sep 19, 2012 3:55am
Yet another BO trade opportunity in formation ...
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Human
  • #118,683
  • Sep 19, 2012 4:18am Sep 19, 2012 4:18am
Quoting gudras
AUD/NZD
Why not to put comments on the chart?
If not up, then down, otherwise sideways :-)
  • #118,684
  • Sep 19, 2012 4:22am Sep 19, 2012 4:22am
Quoting Magestic
Why not to put comments on the chart?
Very nice question ...
Human
  • #118,685
  • Sep 19, 2012 4:31am Sep 19, 2012 4:31am
Hey Guys! Does anyone know where I can find the basics of jarroo's method?

thanks alot!
  • #118,686
  • Sep 19, 2012 5:48am Sep 19, 2012 5:48am
Quoting Swede
thank you....but I have one question...if we made that a daily chart instead of a 4 hour chart...we have a dbhlc....with sunday in between....is that still a valid dbhlc?

thanks much...

The bar you are talking about is not a DBHLC with or without the Sunday bar.
If you are counting the Sunday bar, it is a BEOB if you are not including the Sunday bar, it is not a PA bar at all.
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  • #118,687
  • Sep 19, 2012 5:56am Sep 19, 2012 5:56am
Quoting Pinbar
The bar you are talking about is not a DBHLC with or without the Sunday bar.
If you are counting the Sunday bar, it is a BEOB if you are not including the Sunday bar, it is not a PA bar at all.
That maybe true but you can't argue that was a pretty nice entry.
  • #118,688
  • Sep 19, 2012 7:01am Sep 19, 2012 7:01am
Price has bounced from resistance area and looks like profit taking just started. When zoomin on 1 hour chart it seems that yesterdays low may be good place for those who didn't catch the high or missed that LCS from end of May. What do you guys think?
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  • #118,689
  • Sep 19, 2012 7:23am Sep 19, 2012 7:23am
Quoting C-12
That maybe true but you can't argue that was a pretty nice entry.

I wasn't trying to, I was simply correcting that persons understanding of what a DBHLC is but, as you brought the subject up. It is not one I would have taken for the reasons obvious on these charts. There was no PA and that bar closed above this PPZ. About the only thing it had going for it was the 365 EMA.
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  • #118,690
  • Sep 19, 2012 7:32am Sep 19, 2012 7:32am
well we have things developing on cable. if candle will close as it sits now or below that point I will try to enter somewhere on retest of that broken blue line tomorrow.
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all is eternal - this is good news for people who loves bad news
  • #118,691
  • Sep 19, 2012 7:33am Sep 19, 2012 7:33am
Still hanging on to the USD/CAD which missed my stop at BE for the last portion of the trade, by about 3 pips.
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  • #118,692
  • Sep 19, 2012 7:52am Sep 19, 2012 7:52am
Quoting mbqb11
still holding my shorts since price has now broken the TL. At breakeven but exactly the runner was hoping for. Will watch price around the TL
take profit hit just above 1.3 BRN. tempted to hold my shorts but this area could give us some issues. I think since so many are expecting 1.3 to hold we'll see lower with these markets

Mike
  • #118,693
  • Sep 19, 2012 8:11am Sep 19, 2012 8:11am
Quoting mbqb11
take profit hit just above 1.3 BRN. tempted to hold my shorts but this area could give us some issues. I think since so many are expecting 1.3 to hold we'll see lower with these markets

Mike
I think so as well. Looking for a short at the upper level. Definitely a lot of strong selling in there. If that level gives way then price is probably going through the highs.
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  • #118,694
  • Edited 8:40am Sep 19, 2012 8:22am | Edited 8:40am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting Mr. Hafner
Hey Guys! Does anyone know where I can find the basics of jarroo's method?

thanks alot!
Hi H,

check out this link
http://www.forexfactory.com/showthre...38#post5876538

Kind Regards
Sanil
  • #118,695
  • Sep 19, 2012 8:47am Sep 19, 2012 8:47am
Just took a short position in gold. The pin would appear bullish but it looked more a clear out of buy limit orders.

Price came then came back into the source of the drop and there was a little trendline confluence.
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  • #118,696
  • Sep 19, 2012 8:56am Sep 19, 2012 8:56am
Quoting Pinbar
I wasn't trying to, I was simply correcting that persons understanding of what a DBHLC is but, as you brought the subject up. It is not one I would have taken for the reasons obvious on these charts. There was no PA and that bar closed above this PPZ. About the only thing it had going for it was the 365 EMA.
Appreciate the input.....switching gears from a confirmed scalper takes a bit of getting used too....
  • #118,697
  • Sep 19, 2012 9:49am Sep 19, 2012 9:49am
Quoting ritesh_fx
Nice Pick up Chanya.. it looks still valid.

is your stop at 68 Fib ? whats the target that you are looking for it.
Hi Chanya, I took this one but it managed only in loss.. how about your trade.. where's it
Success is 1 % intelligence and 99% perseverance - Edison
  • #118,698
  • Sep 19, 2012 10:04am Sep 19, 2012 10:04am
Quoting C-12
That maybe true but you can't argue that was a pretty nice entry.
My terminology on the dblhlc was mistaken.....I took the trade on Friday last week based on two things....365 ma on daily and supply zone as I had it identified.....my scalping kicked in and took the trade off the 5 min as it seemed to be a typical Friday re balancing....and the 5 min did have a very nice dblhlc...decided to hold for the swing down to demand zones on 4 hr.

Anyway, that is how I read the market....but after going through about 200 pages of this thread I have a whole new appreciation for looking at the big picture and waiting for the best entries.....(scalping is a hard way to make a living and im tired of it)
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  • #118,699
  • Sep 19, 2012 10:06am Sep 19, 2012 10:06am
Quoting rafstraszek
Not only - but I like when mi pending is triggered fast - few days top...And we are interested in only the first retest...so after this marked with white arrow, we don't enter at another...

I think that top of pbt candle is good for sl in this example....
That is nice filter as it has saved from this trade. Is this filter followed in general by every one?

Just saw a chart from Chanya's PBT PDF and same is attached below. Its similar to scenario as I encountered in display though it doesn't have LCS but HCS.

If we have good success rate for this method then I think it should be fine taking this one as loss. Just trying to get a consistent understanding of this method hence a Q, if following was a loss making valid setup ?
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Success is 1 % intelligence and 99% perseverance - Edison
  • #118,700
  • Sep 19, 2012 10:59am Sep 19, 2012 10:59am
Whats happened to RYANMCD these days. he was an interesting read alongside J16 ?
every Saint has a past. Every Sinner has a Future
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