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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

  • #126,021
  • Jun 10, 2013 8:08pm Jun 10, 2013 8:08pm
Quoting dennis4u15
hi Jarro, Could you please send me the jaroo level picker...i downloaded it but it doesnt seem to work. Could you help me out here please. Regards Dennis
Hey Dennis,

When you load the script in MT4. . .after you enter the "expert folder" . . .are you putting it in the "indicators fold or the "script folder"?

You need to put in the "script folder" . .then add it to the HCR/LCS levels.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,022
  • Jun 10, 2013 9:34pm Jun 10, 2013 9:34pm
Quoting Pinbar
AUD/USD has potential for a bearish setup. {image} {image} {image}
Hourly SFP, Steve . .let's see if she holds . . . .AudUsd

Jim
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusdh1.png Size: 46 KB
Indicators show the past. Price Action "Indicates" the future.
  • #126,023
  • Jun 10, 2013 9:44pm Jun 10, 2013 9:44pm
Quoting LamerTrader
{quote} Have a nice weekend.

Hey Stephen . . Did you pick the Low of the Day on the Euro ?? ..

Lower time frame Bullish Signatures went all the way down to the 5min TF . .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 60 KB
Click to Enlarge Name: eurusdm5.png Size: 56 KB
Indicators show the past. Price Action "Indicates" the future.
  • #126,024
  • Jun 10, 2013 10:15pm Jun 10, 2013 10:15pm
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 . . part 1 http://rapidshare.com/files/32976822...20part%201.wmv

5-13-13 . . part 2 http://rapidshare.com/files/60744078...20part%202.wmv...

5-14-13

http://rapidshare.com/files/11906888...0(5-14-13).wmv


Quoting jarroo
{quote} Yeah I got out a bit early . .to say the least . .. ..you'll see in the coming videos where and why I got out . When I got out, I was still looking to get back in it on its retracement. That "nip on the trendline" was confluenced with some levels . .but I missed the re-entry . .it happens . . Other re-entry levels were there too . . Here's the next videos . .

5-16-13 . . http://rapidshare.com/files/12164491...20part%201.wmv

http://rapidshare.com/files/27754175...20part%202.wmv...

The next videos . . .5-17-13 . .


part 1 http://rapidshare.com/files/18312736...20part%201.wmv

part 2 http://rapidshare.com/files/26966370...20part%202.wmv

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,025
  • Jun 10, 2013 10:26pm Jun 10, 2013 10:26pm
A question to the seniors here,

Just a newbie question here. I noticed most of the trades here uses buy / sell stops beyond a PA trigger. I was told that it is much more conservative to use limit orders to wait for a better price. When i tried to use buy / sell stops (for e.g. after a pin bar), it almost always reverses back and hit my SL before it goes back into the trend. Although most of the time i do place my SL rather tight (usually less than 50 pips). I'm really frustrated at this.

I have not had much success trading retracements as well (mostly i take a 50% entry), with majority of good trades taking off and not touching my limit order.

Is there a good guideline on order entry?
  • #126,026
  • Jun 10, 2013 10:52pm Jun 10, 2013 10:52pm
Quoting m00nman26
A question to the seniors here, Just a newbie question here. I noticed most of the trades here uses buy / sell stops beyond a PA trigger. I was told that it is much more conservative to use limit orders to wait for a better price. When i tried to use buy / sell stops (for e.g. after a pin bar), it almost always reverses back and hit my SL before it goes back into the trend. Although most of the time i do place my SL rather tight (usually less than 50 pips). I'm really frustrated at this. I have not had much success trading retracements as well (mostly...

Hey m00nman,

Its more conservative to wait for the break and have your S/L above or below the PA setup.

Price Action formations (Pin Bars, Outside Bars, etc) are just part of the setup when we trade them.

PA is usually a confirmation of either a Support or Resistance level. . meaning, when we have a Bullish PB it is usually confirming a Support level underneath it.

If we know this information that surrounds the "story" of the Pin Bar we can have a better understanding of where the retracement level may be (i.e. Support level of a bullish PB) ..etc.

Do have a chart examples of some of those PBs, m00nman?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,027
  • Jun 10, 2013 11:47pm Jun 10, 2013 11:47pm
hi Jaroo,

when a put the indicator in the script folder and then when i go to my mt4 i cant see it in my indicators list

Help Please

Regards

dennis
  • #126,028
  • Jun 10, 2013 11:54pm Jun 10, 2013 11:54pm
Quoting dennis4u15
hi Jaroo, when a put the indicator in the script folder and then when i go to my mt4 i cant see it in my indicators list Help Please Regards dennis

Dennis,

Don't look in the indicators . .its in the "Scripts" . .then drag it on to HCR/LCS levels.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #126,029
  • Jun 10, 2013 11:59pm Jun 10, 2013 11:59pm
hi jaroo,

one more question...so all i have to do is drag it on my chart and it will draw the HCR and LCS itself right? and could you please tell me which page i can find your strategy please...i would like to read it all and understand it

Regards

Dennis
  • #126,030
  • Jun 11, 2013 12:08am Jun 11, 2013 12:08am
Quoting dennis4u15
hi jaroo, one more question...so all i have to do is drag it on my chart and it will draw the HCR and LCS itself right? and could you please tell me which page i can find your strategy please...i would like to read it all and understand it Regards Dennis
No, not just drag it to the chart but to the HCR/LCS levels. Here's some videos on how I use it.

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...
If you search out my past charts over the past few years you will see many examples of how I view and trade Support and Resistance levels.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,031
  • Jun 11, 2013 12:08am Jun 11, 2013 12:08am
Hi, Jarroo.

Yesterday I read more about your method (which Chanya described in a PDF), and I begin to use it.
I dont have experience in FX, because I'm a beginner, but somehow it seems more accurate for me (correct me if I'm wrong).
I also want to thank you for the script (I needed some time to feel that he has to be dragged to the low and high swing, otherwise it becomes a mess) .
And also I have another question:
When I watched the first video, I saw a blue and black moving averages, what are their settings (exponential 365 and 150, or ...?)

Thanks!
Your best teacher is your last mistake ...
  • #126,032
  • Jun 11, 2013 12:17am Jun 11, 2013 12:17am
Quoting b3g1nn3er
Hi, Jarroo. Yesterday I read more about your method (which Chanya described in a PDF), and I begin to use it. I dont have experience in FX, because I'm a beginner, but somehow it seems more accurate for me (correct me if I'm wrong). I also want to thank you for the script (I needed some time to feel that he has to be dragged to the low and high swing, otherwise it becomes a mess) . And also I have another question: When I watched the first video, I saw a blue and black moving averages, what are their settings (exponential 365 and 150, or ...?)...
Yes the same ones James16 uses . .Black; 365 ema at the close and Blue; 150 ema at the close.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,033
  • Jun 11, 2013 1:02am Jun 11, 2013 1:02am
Quoting jarroo
{quote} {quote} The next videos . . .5-17-13 . . part 1 http://rapidshare.com/files/18312736...20part%201.wmv part 2 http://rapidshare.com/files/26966370...20part%202.wmv Jim
Great stuff Jim, keep 'em coming
  • #126,034
  • Jun 11, 2013 1:08am Jun 11, 2013 1:08am
Quoting gasgas
{quote} Great stuff Jim, keep 'em coming
Thanks, gasgas .
Indicators show the past. Price Action "Indicates" the future.
  • #126,035
  • Jun 11, 2013 1:45am Jun 11, 2013 1:45am
Quoting dennis4u15
hi jaroo, one more question...so all i have to do is drag it on my chart and it will draw the HCR and LCS itself right? and could you please tell me which page i can find your strategy please...i would like to read it all and understand it Regards Dennis

Here's some beginner videos I did a while back in the PF . .

Let me know if they help . .

Jim

http://rapidshare.com/files/42743887...20Part%201.wmv


http://rapidshare.com/files/15975751...20Part%202.wmv
Indicators show the past. Price Action "Indicates" the future.
  • #126,036
  • Jun 11, 2013 1:50am Jun 11, 2013 1:50am
Quoting jarroo
{quote} Here's some beginner videos I did a while back in the PF . . Let me know if they help . . Jim

http://rapidshare.com/files/42743887...20Part%201.wmv

http://rapidshare.com/files/15975751...20Part%202.wmv

Quoting gasgas
{quote} Great stuff Jim, keep 'em coming
Hey gasgas . .let me know what you think of these videos . . you can tell I'm not a professional presenter . .lol . .. .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,037
  • Jun 11, 2013 2:07am Jun 11, 2013 2:07am
hi jaroo,

yeh i am just downloading it...using daily charts do give a lot of info but its just that good setups don't show up too often..i am a newbie and still looking for a good setup for the past 6 or 7 days...i am sure professionals like you must have taken a few trades already this week. i do know there are setups right infront of me but i just cant locate them. at times by when i see them its too late and the price is nearly near the next trouble or ppv zone. it is frustrating cos when i log into FF i see traders discussing about their successful trades which i couldnt locate. Good thing is that you guys are always here to help and answer our questions. i have learnt quite a bit and hope i am able to do well soon.

Regards

dennis
  • #126,038
  • Jun 11, 2013 2:13am Jun 11, 2013 2:13am
Quoting dennis4u15
hi jaroo, yeh i am just downloading it...using daily charts do give a lot of info but its just that good setups don't show up too often..i am a newbie and still looking for a good setup for the past 6 or 7 days...i am sure professionals like you must have taken a few trades already this week. i do know there are setups right infront of me but i just cant locate them. at times by when i see them its too late and the price is nearly near the next trouble or ppv zone. it is frustrating cos when i log into FF i see traders discussing about their successful...
Take your time, Dennis . .the market isn't going away any time soon . .

I would study James16's charts/posts and also Mike's (mbqb11) charts/posts too. .

many great people here to help . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,039
  • Jun 11, 2013 2:13am Jun 11, 2013 2:13am
Quoting jarroo
{quote} Hourly SFP, Steve . .let's see if she holds . . . .AudUsd Jim {image} {image}
The down trend looks strong on this one . .
Indicators show the past. Price Action "Indicates" the future.
  • #126,040
  • Edited 2:48am Jun 11, 2013 2:34am | Edited 2:48am
My take on EURCAD. still bullish besides fridays Price Action bar.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 11.06.2013 pa.gif Size: 27 KB


GBPCAD Long. Pin Bar off BRN

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 11.06.2013 pa.gif Size: 24 KB
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