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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

  • #125,501
  • May 17, 2013 1:31pm May 17, 2013 1:31pm
Quoting mbqb11
since it's friday and i'm excited for it just booked a short vacation to Antigua in a few weeks. This is where I will be and can't wait for a little time off. No charts are coming with me LOL {image}
Looks nice, Mike. Have a great vacation
  • #125,502
  • May 17, 2013 3:33pm May 17, 2013 3:33pm
Quoting mbqb11
since it's friday and i'm excited for it just booked a short vacation to Antigua in a few weeks. This is where I will be and can't wait for a little time off. No charts are coming with me LOL {image}
Coastline looks better than a trendline?
Have Fun!
  • #125,503
  • May 17, 2013 5:05pm May 17, 2013 5:05pm
Quoting mbqb11
since it's friday and i'm excited for it just booked a short vacation to Antigua in a few weeks. This is where I will be and can't wait for a little time off. No charts are coming with me LOL {image}
awesome mike! hope you have a great time! enjoy the heck outta yourself! have a safe trip.
  • #125,504
  • Edited 5:46pm May 17, 2013 5:32pm | Edited 5:46pm
Quoting timo4sho
And another one ;-) This time missed entry by 4 pips ... @Jarroo or other senior members: Does anyone of you have any input regarding things like that; i.e. do you use some type of buffer zone for PBs to the HCR/LCS? if so ... what are your parameters? I will do some more testing of myself to find the right value that I feel comfortable using but would nevertheless be interested in what you guys do about this. Thanks a lot! Timo {image}

I don't really think you missed any trades there.
As, Jarroo is looking for a deeper penetration and pullback to these levels with multiple candles, at least in my understanding of the levels.

I have seen too many false breakouts and fell into over trading with single candle breakthroughs trading on the next bar.

But, let's see what Jim has to say about it.
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  • #125,505
  • May 17, 2013 5:47pm May 17, 2013 5:47pm
Here are examples of signatures at a level on different time frames.
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  • #125,506
  • May 17, 2013 5:48pm May 17, 2013 5:48pm
Here is an example of two SFPs.
You can read all about SFPs in this thread, http://www.forexfactory.com/showthre...87794&page=273

You may want to just concentrate on HCR & LCS for while first though.

Hope this helps.

NB: The two SFPs in this chart by chance are PBs but, PA really has nothing to do with SFP and, reversely it causes a large SL so they are not the best of examples.
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  • #125,507
  • May 17, 2013 5:58pm May 17, 2013 5:58pm
Quoting mbqb11
since it's friday and i'm excited for it just booked a short vacation to Antigua in a few weeks. This is where I will be and can't wait for a little time off. No charts are coming with me LOL {image}
Great to see you taking a break Mike.
That will sort your pollen allergies out for a while.
  • #125,508
  • May 18, 2013 12:16am May 18, 2013 12:16am
Quoting Pinbar
Here is an example of two SFPs. You can read all about SFPs in this thread, http://www.forexfactory.com/showthre...87794&page=273 You may want to just concentrate on HCR & LCS for while first though. Hope this helps. NB: The two SFPs in this chart by chance are PBs but, PA really has nothing to do with SFP and, reversely it causes a large SL so they are not the best of examples. {image}
Thanks for pointing me in the right direction Pinbar. Greatly appreciated!
  • #125,509
  • May 18, 2013 12:20am May 18, 2013 12:20am
Quoting Pinbar
Here are examples of signatures at a level on different time frames. {image} {image} {image}
@Pinbar:
Thanks for providing the examples. Would you trade a retest of the level after price had tested and rejected (closed clearly above the level after the test) it?
  • #125,510
  • May 18, 2013 1:00am May 18, 2013 1:00am
Quoting timo4sho
{quote} @Pinbar: Thanks for providing the examples. Would you trade a retest of the level after price had tested and rejected (closed clearly above the level after the test) it?
If it had confluence going for it.
You know, you can click on Jarroo's name and then read all his posts.
That is the best way to get to know the methodology and Jarroo.
  • #125,511
  • May 18, 2013 2:49am May 18, 2013 2:49am
Quoting Pinbar
{quote} If it had confluence going for it. You know, you can click on Jarroo's name and then read all his posts. That is the best way to get to know the methodology and Jarroo.
Been doing that ... it is just soo many

But I will definitely go through them all. Picked up lots of things along the way already to make it definitely worthwhile
  • #125,512
  • May 18, 2013 8:33am May 18, 2013 8:33am
NTAP looks good for a long
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all is eternal - this is good news for people who loves bad news
  • #125,513
  • May 18, 2013 10:18am May 18, 2013 10:18am
Quoting meshka
NTAP looks good for a long {image}
dang this chart is literally layered with great PA
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  • #125,514
  • May 18, 2013 6:31pm May 18, 2013 6:31pm
well another one.
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all is eternal - this is good news for people who loves bad news
  • #125,515
  • May 18, 2013 11:49pm May 18, 2013 11:49pm
Quoting meshka
well another one. {image}
i am with you
KBR on weekly.
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meine augen sind die sterne
  • #125,516
  • May 19, 2013 1:01am May 19, 2013 1:01am
A promising engulfing for a buy limit
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  • #125,517
  • May 19, 2013 9:06am May 19, 2013 9:06am
I ask for help in Jarro, Mike, Meshka or Pinbar
What is your way to do operations on 4H? Wait before the price action on the higher time frames, or your operation on 4H independent?
For example, I make transactions only if I have a daily price action on montly or weekly and do operations on the 4H only if I have the price action on the daily.
Thank you very much
  • #125,518
  • May 19, 2013 9:38am May 19, 2013 9:38am
Quoting aserbfx
{quote} i am with you KBR on weekly. {image}
oh yeah thats good one ... its on my watchlist too. I think OXY can be interesting also.
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all is eternal - this is good news for people who loves bad news
  • #125,519
  • May 19, 2013 9:51am May 19, 2013 9:51am
Quoting GiovanniV
I ask for help in Jarro, Mike, Meshka or Pinbar What is your way to do operations on 4H? Wait before the price action on the higher time frames, or your operation on 4H independent? For example, I make transactions only if I have a daily price action on montly or weekly and do operations on the 4H only if I have the price action on the daily. Thank you very much
personaly i am watching for good clear Daily/Weekly levels. Daily is main timeframe for me. I keep an eye on Weekly also... if Daily aligns with weekly levels it becomes super important place to watch for me. basicaly i am looking for price moves from such levels into as much space as possible. when price is spining around premium level then sometimes I go into H4 timeframe for PA setups around that level... but I almost never trade on H4 independently. Mainly I use it for catching better price when getting PA on Daily TF.
all is eternal - this is good news for people who loves bad news
  • #125,520
  • May 19, 2013 9:52am May 19, 2013 9:52am
Quoting GiovanniV
I ask for help in Jarro, Mike, Meshka or Pinbar What is your way to do operations on 4H? Wait before the price action on the higher time frames, or your operation on 4H independent? For example, I make transactions only if I have a daily price action on montly or weekly and do operations on the 4H only if I have the price action on the daily. Thank you very much
Hey G

Hope you had a nice weekend

I like to keep things fairly simple. For the most part I treat each timeframe independent of one and other. As they all have their own ebb and flow. Sometimes I look a bit higher up if we are at crucial areas, or I might drop down timeframes for entries on breakout patterns. But for the most part people will tell you from my material I teach that I stick to the same timeframe much like James to keep things simple

Hope that helps
Mike
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