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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

  • #122,621
  • Jan 17, 2013 5:57pm Jan 17, 2013 5:57pm
Quoting mbqb11
Hey Hally

Be careful there really is no bar confirmation to go long here. Being the next buyer into a high can be where sellers lurk. There is actually divergence occurring and a BRN just above us. This can make a tricky area to buy into. I am watching for possible sells on a lower timeframe IF price shows us that. You can check that out in my intraday thread

Best
Mike
thanks mike. still just watching at this stage. not enough confirmation for me to pull the trigger yet on this one and if you are the seller on the other half of my long trade then i don't like my chances!! lol
Learning for Earning and Trading for Freedom
  • #122,622
  • Jan 17, 2013 7:44pm Jan 17, 2013 7:44pm
Quoting meshka
GBPAUD scared me today... but seems it found its right way now... damn... USA news ahead
I caught that one meshka. Yeah it came pretty close.
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If you can't tell what the herd is doing...you probably are the herd.
  • #122,623
  • Jan 17, 2013 10:46pm Jan 17, 2013 10:46pm
Quoting hally0301
not enough confirmation for me to pull the trigger yet on this one and if you are the seller on the other half of my long trade then i don't like my chances!! lol
Yeah, wait for a better opportunity, which may come later on.


Nice to be back. Took me some time to recover my files/passwords from a revitalized hard drive
Happy New Year to all!
  • #122,624
  • Jan 17, 2013 11:33pm Jan 17, 2013 11:33pm
Quoting supremeChaos
Yeah, wait for a better opportunity, which may come later on.


Nice to be back. Took me some time to recover my files/passwords from a revitalized hard drive
Happy New Year to all!
yes, nice to see you!
have a good one, my friend...
meine augen sind die sterne
  • #122,625
  • Jan 18, 2013 4:05am Jan 18, 2013 4:05am
Good day seniors, i hardly post much.....i got my hands on PRICE BREAK THROUGH pdf..........first i like to say a big thank you to......jaroo.......who is the owner of the work.....and chanya that organized..........the work......may God bless yoy all....that been said...........i played a PBT&CB ON g/u, although i entered late....that actually is my first demo trade as regards PBT&CB or A. I have a few questions......1)i understand in fx you need to be picky.......so the question is how do you get picky with this method...is there anything that make just over look some pairs even if price has broken through......or anything hat makes it an A+ setup.
2)Another question is if my entry does not get triggered,when do i pull my order out......or will i just leave it there.3) do you trade with the trend or its just a break out trade.........thanks in advance...........people for the answers.
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  • #122,626
  • Jan 18, 2013 4:40am Jan 18, 2013 4:40am
Quoting carbonado
Good day seniors, i hardly post much.....i got my hands on PRICE BREAK THROUGH pdf..........first i like to say a big thank you to......jaroo.......who is the owner of the work.....and chanya that organized..........the work......may God bless yoy all....that been said...........i played a PBT&CB ON g/u, although i entered late....that actually is my first demo trade as regards PBT&CB or A. I have a few questions......1)i understand in fx you need to be picky.......so the question is how do you get picky with this method...is there anything that...

Glad to see more people interested in Jarroo's methodology.

We don't usually just take a break of an area, unless there is some price pattern to support it.

Jim usually waits for a daily close below these levels then, enters on the pullback.

Hope the charts help and welcome to this Great thread.
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  • #122,627
  • Jan 18, 2013 5:15am Jan 18, 2013 5:15am
Quoting Pinbar
Glad to see more people interested in Jarroo's methodology.

We don't usually just take a break of an area, unless there is some price pattern to support it.

Jim usually waits for a daily close below these levels then, enters on the pullback.

Hope the charts help and welcome to this Great thread.
Thx for your explanation pinbar as always!

Sticking to the topic, was today's eurjpy retrace back to HCR a valid hipotetic entry? (ofc not a+ trade given BRN and monthly R)

Thx
  • #122,628
  • Jan 18, 2013 6:16am Jan 18, 2013 6:16am
Quoting FxPrelude
Hello every one ... its a long time since i posted any thing but its hard to forget souch a great bounch like you guys .

Tooday i enter Gbp/Usd on a TL retest ... i hope i didnt jump in to soon lol , but 50 ema , TL , and touch of previuse suport/resistance at 1h chart convinced me to enter a smal position with a tight stop .

Any feed back from seniors is allways wellcome
Nice charts And nice looking prelude. I have a friend with almost identical looking one
  • #122,629
  • Jan 18, 2013 7:01am Jan 18, 2013 7:01am
Quoting felixcattus
I caught that one meshka. Yeah it came pretty close.
You got best price buddy
all is eternal - this is good news for people who loves bad news
  • #122,630
  • Jan 18, 2013 7:34am Jan 18, 2013 7:34am
Quoting CryAgony
Thx for your explanation pinbar as always!

Sticking to the topic, was today's eurjpy retrace back to HCR a valid hipotetic entry? (ofc not a+ trade given BRN and monthly R)

Thx
hipotetic? I don't think that is actually a word. LoL

Well, there is a monthly level at 120.225 and one above it at 120.219.
We should wait for the weekly and or Daily close as confirmation or a "signature" as Jarroo says.
As, today is Friday, they will both be the same.
If it closes below, next week we can look for a retest of this level and possible lower tf PA.
Of course if it closes above, the reverse.
Below is better because of the space.
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  • #122,631
  • Jan 18, 2013 7:35am Jan 18, 2013 7:35am
Quoting mbqb11
Hey Steve

I've been long from the breakout of the daily funnel pattern

I saw that pin and it helped me get to breakeven which JUST missed my stop loss. But the reason i wouldn't want to be a seller there is you are still trading back into the previous swing high as well as the box area. Notice price inability to close under the RN which lines up dead with the previous swing high. That's what puts that pin in traffic and these are the ones that get people and they hurt

Just thought I would share since it was a decision in my buy trade...
Hi Mike!
Can you give me some help on your chart? If I get it right you drew the HCR. (The top on the 4th of January) Now later the price broke it through, but couldn't close above it - it closed exactly there. The next day the price goes up, and then tests this level as a support level. And was this the time when you executed your buy order? What was the first stop loss, and when did you break even, If I may ask. (Im still in some trouble with BE-s, and retests, because most of the time my trades got hit out. )

Thank you!
Cheers
Stephen
It's all psychology...
  • #122,632
  • Jan 18, 2013 7:57am Jan 18, 2013 7:57am
EURCHF gets up from koma.
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all is eternal - this is good news for people who loves bad news
  • #122,633
  • Jan 18, 2013 8:07am Jan 18, 2013 8:07am
Quoting Pinbar
hipotetic? I don't think that is actually a word. LoL

Well, there is a monthly level at 120.225 and one above it at 120.219.
We should wait for the weekly and or Daily close as confirmation or a "signature" as Jarroo says.
As, today is Friday, they will both be the same.
If it closes below, next week we can look for a retest of this level and possible lower tf PA.
Of course if it closes above, the reverse.
Below is better because of the space.
thx for your post and hahaha yes i meant "hypothetical" lol
  • #122,634
  • Jan 18, 2013 8:16am Jan 18, 2013 8:16am
Quoting LamerTrader
Hi Mike!
Can you give me some help on your chart? If I get it right you drew the HCR. (The top on the 4th of January) Now later the price broke it through, but couldn't close above it - it closed exactly there. The next day the price goes up, and then tests this level as a support level. And was this the time when you executed your buy order? What was the first stop loss, and when did you break even, If I may ask. (Im still in some trouble with BE-s, and retests, because most of the time my trades got hit out. )

Thank you!
Cheers
Stephen
Hey Stephen

I don't trade with HCR like that, I use PA and this was a breakout type trade

I made a live video for the group on this trade so I figured I would share it with you here too

http://www.filedropper.com/1-15-13us...reakout4hrbuob

Best
Mike
  • #122,635
  • Jan 18, 2013 8:32am Jan 18, 2013 8:32am
Quoting Rust
Nice charts And nice looking prelude. I have a friend with almost identical looking one
Hi Rust ... thanks that trade worked out preaty well ... took 100pips

And actualy thats not my Prelude ... it probably is from your friend if your friend is from Sofia and owns XTuners website and makes costum clusters . The guy that owns the one you saw made a costum cluster for mine Prelude 4th gen ... i just stole that pic coz mine was not done yet and i realy liked that 5th gen . Now that mine is allmost done i updated my profile with pic of my own Prelude

sory for off topic guys ...
  • #122,636
  • Jan 18, 2013 8:57am Jan 18, 2013 8:57am
Quoting CryAgony
thx for your post and hahaha yes i meant "hypothetical" lol

No, it is not hypothetical at all.
You can see that yesterday's daily candle could not close above this area, there is a reason for that.
Now, we want to see the weekly bar close below it.
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  • #122,637
  • Jan 18, 2013 8:57am Jan 18, 2013 8:57am
Quoting rolo1128
EURCAD

Jarrooer's,

Any thoughts? PBT&CA.

Attachment

Damn I should have put an order in and first target would have been hit already. Oh well on to the next.

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #122,638
  • Jan 18, 2013 8:58am Jan 18, 2013 8:58am
Quoting mbqb11
Hey Stephen

I don't trade with HCR like that, I use PA and this was a breakout type trade

I made a live video for the group on this trade so I figured I would share it with you here too

http://www.filedropper.com/1-15-13us...reakout4hrbuob

Best
Mike
Mike great video and explanation as allways
I could watch your videos all day long ... so dont be shy sharing them more often hehe
  • #122,639
  • Jan 18, 2013 9:00am Jan 18, 2013 9:00am
Quoting rolo1128
Damn I should have put an order in and first target would have been hit already. Oh well on to the next.

Attachment

Rolo
Damn, I remember how those Rolos used to pull my fillings out.
  • #122,640
  • Jan 18, 2013 9:01am Jan 18, 2013 9:01am
Quoting mbqb11
Hey Stephen

I don't trade with HCR like that, I use PA and this was a breakout type trade

I made a live video for the group on this trade so I figured I would share it with you here too

http://www.filedropper.com/1-15-13us...reakout4hrbuob

Best
Mike
There are no words to express how thankful I am.
Thanks a LOT!



Cheers
Stephen
It's all psychology...
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