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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

  • #126,201
  • Jun 18, 2013 3:59am Jun 18, 2013 3:59am
Could someone plz link me the treminology post? I need to know what is SFP
  • #126,202
  • Jun 18, 2013 5:22am Jun 18, 2013 5:22am
Quoting Marozas
Could someone plz link me the treminology post? I need to know what is SFP
Hi,
SFP=Swing Failure Pattern, terminology link is below:
http://www.forexfactory.com/showthre...641#post634864

Mav
  • #126,203
  • Jun 18, 2013 6:29am Jun 18, 2013 6:29am
Quoting Marozas
Could someone plz link me the treminology post? I need to know what is SFP
well the treminology is......
EST = earthquake shake support
LRL = landslide resistance level
JPSSL = just plain scared stop loss....


sos, couldnt resist...

jon
PATIENCE... DISCIPLINE
  • #126,204
  • Jun 18, 2013 6:38am Jun 18, 2013 6:38am
Quoting Mav13
{quote} Hi, SFP=Swing Failure Pattern, terminology link is below: http://www.forexfactory.com/showthre...641#post634864 Mav
Thank you mav13.G J hook np
  • #126,205
  • Jun 18, 2013 7:22am Jun 18, 2013 7:22am
The board it seems deleted my signature with the link in it because, URLs are not permitted in signatures, even internal links to this board.

How totally insane.
  • #126,206
  • Jun 18, 2013 8:05am Jun 18, 2013 8:05am
Quoting g_j_hook@yah
{quote} well the treminology is...... EST = earthquake shake support LRL = landslide resistance level JPSSL = just plain scared stop loss.... sos, couldnt resist... jon

LOL!!!
  • #126,207
  • Jun 18, 2013 8:41am Jun 18, 2013 8:41am
Quoting mbqb11
{quote} 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 {image}{image}

stopped out for a super tiny loss on this one. Gap still open but I won't just put random sells in. Keep an eye on 1.9 and if we come back a break of the beob is what i'll do
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  • #126,208
  • Jun 18, 2013 9:17am Jun 18, 2013 9:17am
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}
yep looks great Dennis


Just remember we have all kinds of PPZ from very minor ones to very major ones.

Best
Mike
  • #126,209
  • Jun 18, 2013 9:26am Jun 18, 2013 9:26am
Hi i am new here. Recently i was suggest by friend to join the group here for any forex daily analysis. Is there anyone know Nial Fuller here?. I wish to purchase the course from him but i'm not sure doing the right thing or not because i not wish to get scam.
  • #126,210
  • Jun 18, 2013 9:28am Jun 18, 2013 9:28am
Quoting mbqb11
{quote} stopped out for a super tiny loss on this one. Gap still open but I won't just put random sells in. Keep an eye on 1.9 and if we come back a break of the beob is what i'll do {image}
Mike, I like the simplicity of your trading method. I would like to post my story on the relevant pair in a different way...

The anatomy of a crime based on FACTS

#1 fact: The criminal suspects cannot hide from simple price action detectives as they always leave their footprints behind. In this criminal case the criminal suspects left a double fatal footprint, a weekly shooting star and a weekly bearish outside candle. Yet, the investigation of the current criminal footprint is not proved (confirmed), however, it is 5 times more reliable from the ordinary footprints, the “usual suspects’ footprints” that normally appeared on the Daily.

#2 fact: As an experienced and doubtful price action detectives, we begin our investigation upon the location of the crime questioning the neighbors around, the support and resistance levels. Our simple investigating method indicated five neighbors involved and assisted the crime. Moreover, these conspirators to the crime are all credible because they are all confirmed.

#3 fact: The strongest clue among the great size and shape of the suspects’ footprint, is how the crime ended, the closing price.

#4 fact: What is the motive of the crime? Our investigation reveals unhealthy and unstable neighbors below the suspects’ footprint (unconfirmed monthly support levels). Their desire for confirmation is well hidden by the distance from the crime; however, their link to the crime is clear and direct since there is nothing between them and the location of the crime.

#5 fact: The criminal suspects attempted to cover their crime utilizing as an alibi the trends. Conversely, our simple method of investigating the big picture revealed additional conspirators to the crime that reinforced the criminal footprints as authentic. The “perfect crime” is uncovered by the large bearish wedge and the distributive consolidation box.

The case is prepared and ready to be presented in the court.
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  • #126,211
  • Jun 18, 2013 10:07am Jun 18, 2013 10:07am
Quoting g_j_hook@yah
{quote} well the treminology is...... EST = earthquake shake support LRL = landslide resistance level JPSSL = just plain scared stop loss.... sos, couldnt resist... jon
all is eternal - this is good news for people who loves bad news
  • #126,212
  • Jun 18, 2013 10:20am Jun 18, 2013 10:20am
Quoting Michael-SPA
{quote} Mike, I like the simplicity of your trading method. I would like to post my story on the relevant pair in a different way... The anatomy of a crime based on FACTS #1 fact: The criminal suspects cannot hide from simple price action detectives as they always leave their footprints behind. In this criminal case the criminal suspects left a double fatal footprint, a weekly shooting star and a weekly bearish outside candle. Yet, the investigation of the current criminal footprint is not proved (confirmed), however, it is 5 times more reliable...
hahaha that's great man. Either you are a crime scene detective or you watch way to much CSI lolol
  • #126,213
  • Jun 18, 2013 4:36pm Jun 18, 2013 4:36pm
Quoting mbqb11
{quote} hahaha that's great man. Either you are a crime scene detective or you watch way to much CSI lolol
It's nice to associate real life examples to pass a message. This is how I initiate a touch trade utilizing the minimum risk possible.
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  • #126,214
  • Jun 18, 2013 4:38pm Jun 18, 2013 4:38pm
Hi guys.

Two trades yesterday.

None of em were A+ so thats why I set very tight TP levels. (Is that bad if my R/R is 2/1 (I mean I risk the doulbe... - but at least i have clue where price might got stopped on the first place) Anyway with USDCHF i got lucky - I closed out just on the bottom. Bammm!

GBPCHF was much more smooth - PB+TL+FIBO + 150EMA - FTA was the lowest low in the area.


Cheers,
Stephen
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It's all psychology...
  • #126,215
  • Jun 18, 2013 4:56pm Jun 18, 2013 4:56pm
Quoting Marozas
{quote} Am sorry Mr. Jaroo i missanderstud leverpicker 17 (You just need to drag it in the TF u want).Its amazing!!!!!!!!!!!!!!!!! thank u very much!!!



Quoting 4xjoema
{quote} sorry about the confusion. Thankyou!
Sure thing guys . .glad I could help ..


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,216
  • Jun 18, 2013 5:05pm Jun 18, 2013 5:05pm
Quoting g_j_hook@yah
{quote} your a wise man jarroo. :nerd: jon
Thanks jon ..just following the Close of Price as they relate to HCR/LCS levels . .



Did you notice that when PBT&CA the HCR levels . .it failed as Support on its retrace . .and then returned to Resistance . .

Hope my chart makes sense . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #126,217
  • Edited 7:21pm Jun 18, 2013 5:55pm | Edited 7:21pm
Quoting dennis4u15
Hi Jaroo, just wanted to know if we are using HCR and LCS on daily charts, does there have to be more than 1 candle or bar closing below or closing above a ppv or support area before we can place a trade. i am a bit confused cos your method uses the closing price and not wicks and the other method on this thread is using PPV as zones so both the closing price and wicks are considered. So if using zones there are always a few candles where price reacts and forms a support or resistance. Also in some of the replies you have mentioned that you also...

Hey Dennis . .

Let me start out by saying that understanding James16's PPZ levels was the base for me in finding HCR/LCS levels. .

Price Pivot Zones (PPZ) are where Support and Resistance levels meet . .usually these are the Highs and Lows of Price. The Highs being Resistance and the Lows being Support.


Highest Close of Resistance and Lowest Close of Support levels was a way for me to better define the PPZ. Which grew to better defined Support and Resistance levels themselves.

charts..

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #126,218
  • Jun 18, 2013 5:57pm Jun 18, 2013 5:57pm
Quoting jarroo
{quote} Hey Dennis . . Let me start out by saying that understanding James16's PPZ levels was the bases for me in finding HCR/LCS levels. . Price Pivot Zones (PPZ) is where Support and Resistance levels meet . .usually these are the Highs and Lows of Price. The Highs being Resistance and the Lows being support. Highest Close of Resistance and Lowest Close of Support levels was a way for me to better define the PPZ. Which grew to better define Support and Resistance levels themselves. charts.. Jim {image} {image}
and Jarroo is the man don't let him fool you

He is just too humble to say otherwise
  • #126,219
  • Jun 18, 2013 6:01pm Jun 18, 2013 6:01pm
Quoting mbqb11
{quote} and Jarroo is the man don't let him fool you He is just too humble to say otherwise
. . .and your stuff Mike brought it up to the next level . .no doubt . . .
Indicators show the past. Price Action "Indicates" the future.
  • #126,220
  • Edited 6:58pm Jun 18, 2013 6:31pm | Edited 6:58pm
Quoting dennis4u15
Hi Jaroo, Also in some of the replies you have mentioned that you also look at Hourly and 4hrs SIGNATURES to setup trades. could you please explain what are hourly and 4hrs signatures please. how you do this as i tend to only look at daily charts. Please do advice. Regards Dennis
Quoting giggles
jarroo, What are those hourly signatures and how to identify them? Can you please post a chart to explain it. Thanks
"Signatures" are how I define how Price reacts to Support and Resistance levels . .usually on a lower TF . .

If Price cannot Close Below a certain level it is defined as a Support level . .if Price cannot Close Above a certain level it is defined as a Resistance level.

So when I see a Higher TF level on the lower TF . . . like the Hourly . .and Price can't close below it . .I call it a Hourly Bullish Signature of Support. . .Price cannot close below this level on the Hourly.


Example . .take the AudUsd Weekly HCR level at the .9327 . .when Price reached this level, how did it look on the Hourly ??. .did Price Close below it on the Hourly?

Jim
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Indicators show the past. Price Action "Indicates" the future.
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