Mmm, Jaroo has got me wondering about these daily levels.
Could even this be a valid daily level?
Let's see what it does.
Had this same chart set up like this:
It's a sport, an artform and a science.
james16 Chart Thread
- #124,263
- Mar 29, 2013 9:01am Mar 29, 2013 9:01am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hey Mike here you go, J16 PA being taught at H.I.T this morning.
They really picked it up fast, and had plenty of questions about the PA, where to find them and why they work.
This is where after I had taught them the PA and where to look for them, I showed them a plain chart and made them find the PA and identify the FTA and the S&R. They found 10 out of 12 good ones.
- #124,265
- Mar 29, 2013 10:26am Mar 29, 2013 10:26am
Hi there,
The PPZ looks good to me, there is a nice confluence of Fib levels on 4H as well around this zone. Should we not wait for PA to confirm rather than placing limit order straight away? - just asking.
BTW IS anybody in EUR/GBP pair short (looks like it stall at the moment)?.
Im in this EURGBP trade also. On my feed I had a continuation BEEOB that also closed below the .85000 BRN. My sell entry was on the retrace back to the .85000. Took partial profit at TP1/swing low and at BE now. Lets see if we can get a daily and weekly close below this daily swing low.
Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
- #124,269
- Mar 29, 2013 4:39pm Mar 29, 2013 4:39pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi Pinbar,
I am also looking at this pair EUR/CAD daily, you mention a bearish signal, with confluence at a PPZ, so looks like a possible trade, but don't we have a strong upwards trend.
We did have till the consolidation & TL broke.
I am not saying, this is going to go for a 1000 pips, just that it did, basically what we could expect it do to, around this area below the consolidation.
Just did not come back as far as I would have liked which, made the FTA & target, too near for my liking. That is why, I am not in it.
Targets are the Swing points that make up the Pattern and the BRN 1.3000 is always a good target.
Its a great example where we would look for Outside Bars that are not at swing High and Lows . .meaning, we like BEOB at Swing Highs and BUOB at Swing Lows.
When the Outside Bars are part of a bigger story Break Out . .like this one .
Jim
Indicators show the past. Price Action "Indicates" the future.
- #124,270
- Mar 29, 2013 4:52pm Mar 29, 2013 4:52pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Price is making higher highs but now it is on HCR, I think it is weekly level.
I am hesitating to short it here... but I will take a chance and if one hour closes above it, I will be out.
Edit: I was able to exit at break-even on my short trade (as 1 hour candle) closes above the level.
Now I have buy limit order at 0.83517
. . great level at the .8351 . . . in either direction . . . just by following the Close of Price.Jim
Indicators show the past. Price Action "Indicates" the future.
- #124,271
- Mar 29, 2013 6:18pm Mar 29, 2013 6:18pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
- #124,272
- Mar 29, 2013 6:43pm Mar 29, 2013 6:43pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
You never cease to amaze me Kay Kay .
Jim
Yeah, it was interesting.
Closed it out on Thursday.
Looks like we may have another crack at it.
- #124,273
- Mar 29, 2013 6:52pm Mar 29, 2013 6:52pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Yeah, it was interesting.
Closed it out on Thursday.
Looks like we may have another crack at it.
Check out the Signatures at the .8351 . .all the way down to the 15min too . .
Indicators show the past. Price Action "Indicates" the future.
- #124,274
- Mar 29, 2013 7:14pm Mar 29, 2013 7:14pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
That was a Classic, Steve . .well done
Check out the Signatures at the .8351 . .all the way down to the 15min too . .
Thanks Jim
- #124,275
- Mar 29, 2013 7:16pm Mar 29, 2013 7:16pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
Physics majors, taking English, learning PA J16 style...Freaking Awesome!!! When I was at college I thought a Pinbar was a writing utensil used to sign my bar tab.....
Yeah, I know what you mean, I was the same.
Would have been nice at that time to experience something like the class I taught or even just hear about it.
- #124,276
- Mar 29, 2013 7:26pm Mar 29, 2013 7:26pm
We have an BEOB bar here, the next bar retraced to bar low of the bar beofre the BEOB. (Support turned to resistance). I am wondering were would be a good entry, at the retaced level? (We missed that level but its heading up there again) Or would it be at the break of the BEOB. I have a feeling the later would be a more conservative move. THanks
I still have my stop in that same place after the week's close so that I can see how the week opens. I'll watch open closely as I am really interested to see if we can test the bRN again and then possibly move through to the swing points and their lcs jarroo marked on his chart
Steve, is it Harbin Institute of Technology? Man, these students are trained to become missile experts and now you are leading them astray 
Hey Mike here you go, J16 PA being taught at H.I.T this morning.
They really picked it up fast, and had plenty of questions about the PA, where to find them and why they work.
This is where after I had taught them the PA and where to look for them, I showed them a plain chart and made them find the PA and identify the FTA and the S&R. They found 10 out of 12 good ones.
- #124,278
- Mar 30, 2013 12:08pm Mar 30, 2013 12:08pm
That was a Classic, Steve . .well done
Check out the Signatures at the .8351 . .all the way down to the 15min too . .
I have seen a summary of your method by others. I have never seen YOU direct anyone to a resource or link or summary that explain your system inside out. I am looking to combine your system with J16. I understand J16 clearly and am trying to practice it now. J16 is easy, patience/greed/fear is hard.
I have also been reading about your system, but my understanding is not clear. I have too many questions. Is there a good source/or summary of your method that you can direct us to?
Thanks!
- #124,279
- Mar 30, 2013 12:19pm Mar 30, 2013 12:19pm
Hey M
You got a lot on your plate as a lot of people. I'm lucky in the sense I really only have to worry about anyone but myself at this point in my life. No kids or wife. Finding balance in life is key that's the ultimate goal I think we all have.
Don't put the added pressure on you something will suffer. If I had very little time I would watch weekly/monthly charts only. If you can find a few hours on the weekend to scan through some charts, plot your trades and that's it. Keep things as simple as possible it will give you all that much...
Mike
Thanks for all your help. I hate myself for asking stupid questions. I will keep them to a minimum, I promise
A lot a things are becoming clearer now. I have 3 simple questions now for you:
- Is there a way to find all your webinars on this free forum all in one place? There are best thing after slice bread
- On the PF, we only have to pay for 12 months. Then free for like? If so, this makes all the difference in the world.
- Can I PM you?
Thanks much!
