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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

  • #126,181
  • Jun 16, 2013 10:08am Jun 16, 2013 10:08am
Quoting hehesam
Dailly PB and Weekly PB. Hope to see it break weekly PB to confirm downtrend. {image} {image}
that was such a beauty on the daily PB. I wish I had been around to take that one!

Weekly is trading into some chop now though so be careful

Well done H

Mike
  • #126,182
  • Jun 16, 2013 10:27am Jun 16, 2013 10:27am
Quoting meshka
looks not bad for long {image}
Mind telling us what is GOL and BDN?

thanks!
  • #126,183
  • Jun 16, 2013 10:42am Jun 16, 2013 10:42am
MIke,
Gold PB bullish in Higher low
D and 4h in triangle
http://i1243.photobucket.com/albums/...ps078b4983.jpg
http://i1243.photobucket.com/albums/...psfa2c57a8.jpg
http://i1243.photobucket.com/albums/...ps80857c15.jpg
  • #126,184
  • Jun 16, 2013 12:01pm Jun 16, 2013 12:01pm
Quoting GiovanniV
MIke, Gold PB bullish in Higher low D and 4h in triangle {image} {image} {image}
Hey G

Careful with that pinbar as it's very small and not a good swing low but very sideways. I like your wedge you are watching, and I would prefer to watch that area.

I like the Tl on silver the best and will watch for PA around that area if anything(either a bar signifying a breakout, or watch price if it breaks out and pulls back and look for PA

Best
Mike
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  • #126,185
  • Jun 16, 2013 10:03pm Jun 16, 2013 10:03pm
hi Pinbar

could you please explain what are Hourly and 4hrs SIGNATURES in jaroo's method and how to use them if one is trading off daily charts.
Please do advice.




Regards

dennis
  • #126,186
  • Jun 16, 2013 10:39pm Jun 16, 2013 10:39pm
Quoting dennis4u15
hi Pinbar could you please explain what are Hourly and 4hrs SIGNATURES in jaroo's method and how to use them if one is trading off daily charts. Please do advice. Regards dennis
Sure

Well, an H4 or hourly signature does not actually get you into a trade, it keeps you in the trade as a sign that the level is holding as support or resistance.
So, it is not the trigger, just an indication of the inability of price to close above or below the level and thus is also an exit.
Here is one we may see in real time.

NB: This is not a trade recommendation, it is only an area to watch and learn from.

Hope this helps.
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  • #126,187
  • Jun 16, 2013 11:51pm Jun 16, 2013 11:51pm
hi Pinbar,

thanks for the reply....so if we find a zone or ppv on daily chart and we plan to enter then we can have a look at the hourly or 4hr chart to see if that ppv zone or support or resistance is holding right??


Regards

dennis
  • #126,188
  • Jun 17, 2013 4:13am Jun 17, 2013 4:13am
Mike,
M: retracement range market
W: No close below old resistance M + confluence TL
D: possible range Markek
4H:
http://i1243.photobucket.com/albums/...ps6b31aa2f.jpg
http://i1243.photobucket.com/albums/...ps6f1b06a5.jpg
http://i1243.photobucket.com/albums/...ps0487bfcc.jpg
http://i1243.photobucket.com/albums/...ps9a2f8b3f.jpg
  • #126,189
  • Jun 17, 2013 4:18am Jun 17, 2013 4:18am
Ghous' fakey set up I think.
Lows of the pinbar are 1976.15, and fakey pinbar is 1970.65
Entered near high of fakey pinbar, sl below low of fakey pinbar.
Ghous, seniors please comment if it is correct


Thanks
Attached File(s)
File Type: pdf GHOUS_SBIN_FAKEY_weekly1.pdf   67 KB | 730 downloads
File Type: pdf SBIN_FAKEY_DAILY.pdf   60 KB | 634 downloads
  • #126,190
  • Jun 17, 2013 4:18am Jun 17, 2013 4:18am
Quoting dennis4u15
hi Pinbar, thanks for the reply....so if we find a zone or ppv on daily chart and we plan to enter then we can have a look at the hourly or 4hr chart to see if that ppv zone or support or resistance is holding right?? Regards dennis
I think you mean PPZ but, Jarroo's methodology utilizes the Highest Close of Resistance and the Lowest Close of support on the Monthly, weekly and daily Swing Points.
Of course he also looks at PPZ but, not in the traditional sense as taught by J16. It is a little different.
  • #126,191
  • Jun 17, 2013 5:27am Jun 17, 2013 5:27am
Quoting dennis4u15
hi Pinbar, thanks for the reply....so if we find a zone or ppv on daily chart and we plan to enter then we can have a look at the hourly or 4hr chart to see if that ppv zone or support or resistance is holding right?? Regards dennis
Keep your eye on USD/CAD at the B level LCS.
Watch it on H1 or H4 and look for the signature or even small time frame PA.

No need to even demo it, just watch it.
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  • #126,192
  • Jun 17, 2013 5:40am Jun 17, 2013 5:40am
Quoting giggles
Ghous' fakey set up I think. Lows of the pinbar are 1976.15, and fakey pinbar is 1970.65 Entered near high of fakey pinbar, sl below low of fakey pinbar. Ghous, seniors please comment if it is correct Thanks {image} {image}
Hey Giggles,

Yes it is. I particularly like the consolidation that its in and the fact that its right off the 2000 BRN. Notice also how price was dropping like a stone till it recently hit the swing low and the support trend line. Very strong sources of confluence and parts of the current story.

However Just by looking at the bigger picture, you get that bearish feeling because price seems to have trickled down under the trend line that has so far been holding price up from under.

Looking at the strong confluence, but a contradictory bigger picture, this one at best is a tricky setup, where I would want a nice strong early move in my direction to confirm a fake out situation. A fake out is most prominent and defined when you can clearly see that broken support fails to turn into resistance and vice versa. Here, price has trickled down under support it. If this is a true fake out, price should urgently rise back up above the trend line which validates a long trade. Should it decide to hang about or retest the fake out bar low - then its spelling danger, perhaps even an indication of a true break out to the downside.

Looking in this context your idea of placing the stop loss below the low of the fake out bar/pin bar seems a great idea.

g.
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I believe . . .
  • #126,193
  • Jun 17, 2013 5:58am Jun 17, 2013 5:58am
Quoting fascist
{quote} Mind telling us what is GOL and BDN? thanks!
These are stocks - GOL Gol Linhas Aereas Inteligentes and BDN Brandywine Realty Trust.
all is eternal - this is good news for people who loves bad news
  • #126,194
  • Jun 17, 2013 6:10am Jun 17, 2013 6:10am
Quoting ghous
{quote} Hey Giggles, Yes it is. I particularly like the consolidation that its in and the fact that its right off the 2000 BRN. Notice also how price was dropping like a stone till it recently hit the swing low and the support trend line. Very strong sources of confluence and parts of the current story. However Just by looking at the bigger picture, you get that bearish feeling because price seems to have trickled down under the trend line that has so far been holding price up from under. Looking at the strong confluence, but a contradictory bigger...
Ghous, Thanks or letting me know.
  • #126,195
  • Jun 17, 2013 8:02am Jun 17, 2013 8:02am
Quoting mbqb11
{quote} Hey Ken Once I define a box I look for a few things personally Example if it's a big box I am comfortable trading the extremes of the box. That is the top or bottom. The smaller a box is the less appealing that is to trade as price becomes even more tight and thus more likely to chop around. If we trade the extremes of the box we can use those smaller boxes for targets/trade mgmt. For example on a box play often price will get to that midpoint if it is a strong box. For example I am watching a box play on the usd/try weekly(see chart for...
short on the weekly beob on the gap up,

position sized based on a break of the bar so with my stop reduced that's basically a free trade almost. Seeing if the gap fills and we can get a push lower

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  • #126,196
  • Jun 17, 2013 8:27pm Jun 17, 2013 8:27pm
Quoting mbqb11
{quote} trade triggered nice strong break, stop reduced {image}
updated chart

this one closed while i was on vacation that's always nice lol
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  • #126,197
  • Jun 17, 2013 9:34pm Jun 17, 2013 9:34pm
USD/CHF showed us a beautiful setup with a lower tf SFP.
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  • #126,198
  • Jun 17, 2013 10:42pm Jun 17, 2013 10:42pm
Quoting ghous
{quote} Hey Giggles, Yes it is. I particularly like the consolidation that its in and the fact that its right off the 2000 BRN. Notice also how price was dropping like a stone till it recently hit the swing low and the support trend line. Very strong sources of confluence and parts of the current story. However Just by looking at the bigger picture, you get that bearish feeling because price seems to have trickled down under the trend line that has so far been holding price up from under. Looking at the strong confluence, but a contradictory bigger...
Ghous,
After the weekly fakey, buob was formed on Monday and it closed above HCR. I am waiting for a 4 hrly signature (pinbar?) or preferably a daily close confirmation of support (pinbar ?) to add to my current position.
Am I on the right track ?

Thanks
Attached File(s)
File Type: pdf sbin_eod_june17.pdf   53 KB | 577 downloads
  • #126,199
  • Jun 17, 2013 11:37pm Jun 17, 2013 11:37pm
Hi mbqb11, jaroo and members who use ppv zones,

i have located some ppv zones with confluence(s) on daily charts (also used weekly TF) where i feel we might see prices react. Could you please have a look and advice if they look decent to you. Your input will be much appreciated.

Regards

Dennis
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  • #126,200
  • Jun 18, 2013 2:22am Jun 18, 2013 2:22am
Quoting dennis4u15
Hi mbqb11, jaroo and members who use ppv zones, i have located some ppv zones with confluence(s) on daily charts (also used weekly TF) where i feel we might see prices react. Could you please have a look and advice if they look decent to you. Your input will be much appreciated. Regards Dennis {image} {image} {image} {image} {image} {image} {image}

Where did you get PPV from, you sure you don't mean PPZ?

Anyway, it is best to look for PPZ where price has found both Support & Resistance at, historically.
Not just an area of support or resistance but, a PPZ that has flipped from one side to the other.

Hope this helps.
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