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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

  • #125,961
  • Edited 12:33pm Jun 7, 2013 12:09pm | Edited 12:33pm
Quoting jarroo
{quote} Here's how I see it GiovanniV. I see the 99.50 as a very strong confluenced level (chart 1) . . .and Price could not close below the 99.50 on the Daily , confirming that it flipped to strong Support. (chart 2), The Daily IB maybe the PA formation for more upward movement if it breaks to the upside. Although a BUOB or a Bullish PB would have been a stronger PA formation to give this pair a stronger Bullish Bias. The IB is at a good location . .could go either away but I like the upside. Jim {image} {image}

Quoting GiovanniV
{quote} Hi Jarro, 99.50 perfect confluence! {image}
That confluence works in both direction . .just by following the Close of Price . .all of the factors are important.


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,962
  • Jun 7, 2013 12:40pm Jun 7, 2013 12:40pm
Quoting bwaltner
Hey Ferox, Just thought I'd throw in my thoughts. First off congrats on the trade, a bit risky in my mind but it's made you money. Monday was certainly a big down day but notice the action that has taken place at that price level in the past, kind of congested. But on the other hand, I'm not sure if you're familiar with Jarroo's method but I think it would have thrown in another piece of the puzzle. If you look at the following chart you see a cluster of weekly HCR's highlighted in the grey boxes. Notice the importance of these area's from the weekly...

Great charts and example, bwaltner . .
Indicators show the past. Price Action "Indicates" the future.
  • #125,963
  • Jun 7, 2013 1:03pm Jun 7, 2013 1:03pm
Quoting lenrod
Hi. Jarroo I really like your method, I read Chanya's PDF and I'm demoing it May I ask you a couple questions about it?How should other TF's levels be considered? For example the weekly ones on a daily chart?When there are many levels how can I determinate which are better for a possible entry?and a last one, do you think it is better to gradually lock in profit and let it end with the stop hit or to place a TP?Thanks in advance Here are two trades I took which hit TP today {image} {image}

That Weekly and Daily LCS level was nice on the AudChf... . .

You can go down to the lower TF frames with these Higher TF levels and look for Signatures ( where Price can not Close above the Daily LCS level on a lower TF, in this case).

Check out these Daily LCS levels in blue on the Hourly . .nice Signatures it go short. . .also a Daily Close Confirmation of Resistance . .than the hourly Signature.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,964
  • Jun 7, 2013 1:11pm Jun 7, 2013 1:11pm
Quoting jarroo
{quote} That Weekly and Daily LCS level was nice on the AudChf... . . You can go down to the lower TF frames with these Higher TF levels and look for Signatures ( where Price can not Close above the Daily LCS level on a lower TF, in this case). Check out these Daily LCS levels in blue on the Hourly . .nice Signatures it go short. . .also a Daily Close Confirmation of Resistance . .than the hourly Signature. Jim {image} {image}
AudChf . .


The .9268 Daily LCS was a classic . . check out the confluences with this level (Hourly 50% Ret, Hourly 150 ema) with the Hourly bearish Signature . .
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Indicators show the past. Price Action "Indicates" the future.
  • #125,965
  • Edited 2:34pm Jun 7, 2013 2:21pm | Edited 2:34pm
Saw the trend line and the engulfing bar on the monthly USD CAD, my thoughts are its going to be a good trade.
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  • #125,966
  • Jun 7, 2013 2:29pm Jun 7, 2013 2:29pm
Quoting jarroo
{quote} AudChf . . The .9268 Daily LCS was a classic . . check out the confluences with this level (Hourly 50% Ret, Hourly 150 ema) with the Hourly bearish Signature . . {image} {image}
hello sir, i have one question if you can please answer?

what was the reason behind 6th june moves on GU, EU?
Price Is The Best Indicator Itself.
  • #125,967
  • Jun 7, 2013 2:40pm Jun 7, 2013 2:40pm
Quoting Redddz
{quote} hello sir, i have one question if you can please answer? what was the reason behind 6th june moves on GU, EU?

The reason? . .More buyers than sellers . . . .why were there more buyers than sellers? . .I do not know . .
Indicators show the past. Price Action "Indicates" the future.
  • #125,968
  • Jun 7, 2013 2:47pm Jun 7, 2013 2:47pm
Quoting jarroo
{quote} The reason? . .More buyers than sellers . . . .why were there more buyers than sellers? . .I do not know . .
yeah you are right, but we see buyers and sellers on daily basis but those moves were not ordinary sir. was just wondering if i could get a good reason.
Price Is The Best Indicator Itself.
  • #125,969
  • Jun 7, 2013 3:03pm Jun 7, 2013 3:03pm
What does DCC stand for in Jarroo's method?
  • #125,970
  • Jun 7, 2013 3:03pm Jun 7, 2013 3:03pm
Quoting Redddz
{quote} yeah you are right, but we see buyers and sellers on daily basis but those moves were not ordinary sir. was just wondering if i could get a good reason.
Well I'm sure they are many different fundamental reasons for the move on the 6th of June . .

From a technical point of view, we look for these trend shifting or trend changing events all the time. Much of what Mike (mbqb11) teaches are about these events in the market that develop . .be they a Price Pattern, Consolidation Break Outs, Trend Line Break Out , etc. These events tend to be trend shifting.

We can see on the GU ..these steep Trend Line Break Outs . .initiated with Price Action (BUOB). This is what I see from a technical point of view.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,971
  • Jun 7, 2013 3:04pm Jun 7, 2013 3:04pm
Quoting jarroo
{quote} Hey timo . .Its a script that I use . .I would attach it to this post but for some reason I can't attach it . . Its just like attaching a chart right???

That is correct. I would think so. Just attach it to the post.

If that doesn't work, then you can always send it to me via e-mail (I will send you my e-mail address via PM).

Thanks a lot, Jarroo!

BTW, great trades lately using your method!
  • #125,972
  • Jun 7, 2013 3:04pm Jun 7, 2013 3:04pm
Quoting Flamegs23
What does DCC stand for in Jarroo's method?

Daily Close Confirmation . .let me show you example . .
Indicators show the past. Price Action "Indicates" the future.
  • #125,973
  • Jun 7, 2013 3:13pm Jun 7, 2013 3:13pm
Quoting jarroo
{quote} Well I'm sure they are many different fundamental reasons for the move on the 6th of June . . From a technical point of view, we look for these trend shifting or trend changing events all the time. Much of what Mike (mbqb11) teaches are about these events in the market that develop . .be they a Price Pattern, Consolidation Break Outs, Trend Line Break Out , etc. These events tend to be trend shifting. We can see on the GU ..these steep Trend Line Break Outs . .initialed with Price Action (BUOB). This is what I see from a technical point...
thank you for explanations sir.
Price Is The Best Indicator Itself.
  • #125,974
  • Jun 7, 2013 3:19pm Jun 7, 2013 3:19pm
Quoting Redddz
{quote} thank you for explanations sir.
Sure thing Red . .the same with the EU . . . .but no PA initiated the break out.

As we learn from Mike(mbqb11), we like when PA initiates the Break Out of these patterns . .
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Indicators show the past. Price Action "Indicates" the future.
  • #125,975
  • Jun 7, 2013 3:20pm Jun 7, 2013 3:20pm
Quoting jarroo
{quote} Daily Close Confirmation . .let me show you example . .
Sounds Good my friend. I am watching your videos right now. Pretty powerful stuff.
  • #125,976
  • Jun 7, 2013 3:26pm Jun 7, 2013 3:26pm
Quoting Flamegs23
What does DCC stand for in Jarroo's method?
Don't know if you recall these posts/charts I did on the Cad . .

Quoting jarroo
{quote} Yes indeed Steve ..The Weekly SFP with the near term Swing Highs should give a Bearish bias for next week . . We'll see how Price respects the 1.0280 as Support since PBT&CA the Weekly HCR level. A Daily Close Confirmation of Support at the 1.0280 will give us evidence of that Support . Jim {image} {image}
Quoting jarroo
{quote} {quote} {quote} I should also have mentioned the 1.0260-50 Weekly HCR levels too, timo. I like it Steve . . {image}

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,977
  • Jun 7, 2013 3:39pm Jun 7, 2013 3:39pm
Quoting jarroo
{quote} Don't know if you recall these posts/charts I did on the Cad . . {quote} {quote} Jim {image} {image}
When PBT&CA these Weekly and Daily HCR levels, we look for these level(s) to now act as Support.

We want to see Price retraces down and touch our level(s) and not Closing below it . .confirming that the level is now Support.

The Daily Close Confirmation gives us this indication. So this DCC of Support confirmed the previous HCR levels flipped to Support. .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #125,978
  • Jun 7, 2013 3:42pm Jun 7, 2013 3:42pm
Quoting jarroo
{quote} When PBT&CA these Weekly and Daily HCR levels, we look for these level(s) to now act as Support. We want to see Price retraces down and touch our level(s) and not Closing below it . .confirming that the level is now Support. The Daily Close Confirmation gives us this indication. So this DCC of Support confirmed the previous HCR levels flipped to Support. . Jim {image}

Quoting timo4sho
{quote} Hi Jarroo, Do I understand you correctly in that you would like the daily to test the support and close above in order to then play this support long on the next touch after the DCC? Thanks!
Quoting jarroo
{quote} That is correct .. or an entry on the Close of the DCC.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #125,979
  • Jun 7, 2013 3:52pm Jun 7, 2013 3:52pm
Quoting timo4sho
{quote} That is correct. I would think so. Just attach it to the post. If that doesn't work, then you can always send it to me via e-mail (I will send you my e-mail address via PM). Thanks a lot, Jarroo! BTW, great trades lately using your method!

I figured it out Timo . .
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Indicators show the past. Price Action "Indicates" the future.
  • #125,980
  • Jun 7, 2013 4:04pm Jun 7, 2013 4:04pm
Quoting Flamegs23
What does DCC stand for in Jarroo's method?
Videos 5-8-13 and 5-9-13 explains more about the Daily Close Confirmation , on the GbpNzd and 2012GbpAud.


Quoting jarroo
{quote} Hey Jon . .yeah its taking off just like the 2012 GbpAud . Sadly, I got out early for a 300 plus pip trade and missed a few entries to get back in it . . Here's the next video (5-14-13) in this series ..

5-8-13 http://rapidshare.com/files/34232235...20(5-8-13).wmv

5-9-13 http://rapidshare.com/files/11247138...20(5-9-13).wmv

5-13-13 http://rapidshare.com/files/32976822...20part%201.wmv http://rapidshare.com/files/60744078...20part%202.wmv...

5-14-13
http://rapidshare.com/files/11906888...0(5-14-13).wmv
Indicators show the past. Price Action "Indicates" the future.
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