james16 Chart Thread

jarroo · #**22577** Feb 26, 2009 6:53am

Quote:

Originally Posted by Piproo

hey guys, I spot this g/u PB. But I think because we got resistence right above, so it's not a good setup right?

please comments, thank's

Looks tradable Pip. But remember this from James16:

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.

http://www.forexfactory.com/showpost...ostcount=15568

Jim

jarroo · #**22577** Feb 26, 2009 6:53am

Quote:

Originally Posted by Piproo

hey guys, I spot this g/u PB. But I think because we got resistence right above, so it's not a good setup right?

please comments, thank's

Looks tradable Pip. But remember this from James16:

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.

http://www.forexfactory.com/showpost...ostcount=15568

Jim

jarroo · #**22601** Feb 26, 2009 1:15pm

Quote:

Originally Posted by hijackxx

Good post jim, very good thinking. Btw i spotted this BUOB as well on the 4hour, took it and I'm setting my SL and TP with the ratio 1:1 there. I've highlighted how I do it and I think this is going well. ohh while typing this post it shot up

Comment please

1.4150 is a Daily and Weekly Support level.
1.4300 is a Daily PPZ level.

1.4305 entry. Next bar break that was hard and fast.
Clear 1st target (blue area)

(4.) was the option I took for 63 pips on the 1st half, stopped out at break even on the 2nd half.

jarroo · #**22601** Feb 26, 2009 1:15pm

Quote:

Originally Posted by hijackxx

Good post jim, very good thinking. Btw i spotted this BUOB as well on the 4hour, took it and I'm setting my SL and TP with the ratio 1:1 there. I've highlighted how I do it and I think this is going well. ohh while typing this post it shot up

Comment please

1.4150 is a Daily and Weekly Support level.
1.4300 is a Daily PPZ level.

1.4305 entry. Next bar break that was hard and fast.
Clear 1st target (blue area)

(4.) was the option I took for 63 pips on the 1st half, stopped out at break even on the 2nd half.

jarroo · #**22629** Feb 26, 2009 3:02pm

Quote:

Originally Posted by arcus

Jarroo,

Is there any particular reason that you don't take the bearish PB (the one where your TP hitted). It bounce off Daily PPZ. Is it b/c of the it has small room to move before hitting another PPZ below it and small nose. It been days without setup on the daily, still waiting lol.

Not sure what your pointing out. Tough to see without a chart. Got one?

jarroo · #**22632** Feb 26, 2009 4:11pm

Quote:

Originally Posted by arcus

Sorry about that. Here you go. I used your chart b/c can't post chart right now. It's the one that I marked with arrow. Thanks Jarroo.

I see now what you were looking at. The PPZ may be right, but it's a poor looking PB in shape and location. Notice the one I took was off the 1.4150 level which has been recent Lows on the Daily.

jarroo · #**22638** Feb 26, 2009 5:45pm

Quote:

Originally Posted by arcus

Thanks Jarroo. The PB I mentioned was directly above 1.4300 level (PPZ and RD). Looking at hourly chart, price stalled at that level as expected.

An important point to remember is that if one is going to venture down in the 4 Hour/Hourly time frames your Price targets would obviously be looked for on those time frames (4 Hour/Hourly). But the key point is the Location and PPZs should be based on the Daily and Weekly time frames. imo.

Jim

jarroo · #**22639** Feb 26, 2009 5:48pm

Quote:

Originally Posted by Rainmaker

And if I may quote James16 or Jarroo, respectively:
RM

That was all James16 (the big guy).

jarroo · #**22646** Feb 26, 2009 7:11pm

Quote:

Originally Posted by arcus

That clear things up. I thought, if one venture down in lower TF, the target would still based on higher PPZ. I mean everything based on higher PPZ. I still stick on the daily currently, no clear PA signal yet on the daily. Almost 2 weeks I think.

Do you play breakout like Mike? Cause I see we have consolidation on pairs like E/CHF and U/CHF. Based on my experience (only a year), we will usually have tremendous move like what happened in U/J. Sorry if I sound noob cause I totally separate my other method with J16 for the time being.

The Price Target can evenually be hit on the higher time frame, that's what the breakeven half of the position would be looking for.

Breakout trades; I'm not as thorough as Mike but if one catches my eye I'll take a second look. Breakout trades are still based on PA set-ups.

Jim

jarroo · #**22647** Feb 26, 2009 7:13pm

Quote:

Originally Posted by Jigsaw

If we talk about the J16 sniper rifle . .

Location (Where you plot PPZ, Fibs, round numbers) - Is where you load up your rifle, prepare and ready yourself and set your sights on where you want to shoot.

Price Action - Is pulling the trigger.

just my two cents

Nice analogy Jig. lol

jarroo · #**22629** Feb 26, 2009 3:02pm

Quote:

Originally Posted by arcus

Jarroo,

Is there any particular reason that you don't take the bearish PB (the one where your TP hitted). It bounce off Daily PPZ. Is it b/c of the it has small room to move before hitting another PPZ below it and small nose. It been days without setup on the daily, still waiting lol.

Not sure what your pointing out. Tough to see without a chart. Got one?

jarroo · #**22632** Feb 26, 2009 4:11pm

Quote:

Originally Posted by arcus

Sorry about that. Here you go. I used your chart b/c can't post chart right now. It's the one that I marked with arrow. Thanks Jarroo.

I see now what you were looking at. The PPZ may be right, but it's a poor looking PB in shape and location. Notice the one I took was off the 1.4150 level which has been recent Lows on the Daily.

jarroo · #**22638** Feb 26, 2009 5:45pm

Quote:

Originally Posted by arcus

Thanks Jarroo. The PB I mentioned was directly above 1.4300 level (PPZ and RD). Looking at hourly chart, price stalled at that level as expected.

An important point to remember is that if one is going to venture down in the 4 Hour/Hourly time frames your Price targets would obviously be looked for on those time frames (4 Hour/Hourly). But the key point is the Location and PPZs should be based on the Daily and Weekly time frames. imo.

Jim

jarroo · #**22639** Feb 26, 2009 5:48pm

Quote:

Originally Posted by Rainmaker

And if I may quote James16 or Jarroo, respectively:
RM

That was all James16 (the big guy).

jarroo · #**22646** Feb 26, 2009 7:11pm

Quote:

Originally Posted by arcus

That clear things up. I thought, if one venture down in lower TF, the target would still based on higher PPZ. I mean everything based on higher PPZ. I still stick on the daily currently, no clear PA signal yet on the daily. Almost 2 weeks I think.

Do you play breakout like Mike? Cause I see we have consolidation on pairs like E/CHF and U/CHF. Based on my experience (only a year), we will usually have tremendous move like what happened in U/J. Sorry if I sound noob cause I totally separate my other method with J16 for the time being.

The Price Target can evenually be hit on the higher time frame, that's what the breakeven half of the position would be looking for.

Breakout trades; I'm not as thorough as Mike but if one catches my eye I'll take a second look. Breakout trades are still based on PA set-ups.

Jim

jarroo · #**22647** Feb 26, 2009 7:13pm

Quote:

Originally Posted by Jigsaw

If we talk about the J16 sniper rifle . .

Location (Where you plot PPZ, Fibs, round numbers) - Is where you load up your rifle, prepare and ready yourself and set your sights on where you want to shoot.

Price Action - Is pulling the trigger.

just my two cents

Nice analogy Jig. lol

jarroo · #**22670** Feb 27, 2009 6:41am

Quote:

Originally Posted by aarangio

Hi ya Jim,

Could you please correct me but I was thinking this trade was in way to much traffic so it should be left alone??

Adrian

Your thinking was correct. It was in traffic and I'm sure many left it alone wisely.

For me, it meet certain criteria before the break of my entry (higher time frame Location and S/R levels) and after the break of my entry (hard and fast next bar break)

Jim

jarroo · #**22675** Feb 27, 2009 7:19am

Quote:

Originally Posted by ghous

Jarroo is such a catalyst to this learning process is'nt he??

Your doing pretty good yourself in that department ghous.

jarroo · #**22670** Feb 27, 2009 6:41am

Quote:

Originally Posted by aarangio

Hi ya Jim,

Could you please correct me but I was thinking this trade was in way to much traffic so it should be left alone??

Adrian

Your thinking was correct. It was in traffic and I'm sure many left it alone wisely.

For me, it meet certain criteria before the break of my entry (higher time frame Location and S/R levels) and after the break of my entry (hard and fast next bar break)

Jim

jarroo · #**22675** Feb 27, 2009 7:19am

Quote:

Originally Posted by ghous

Jarroo is such a catalyst to this learning process is'nt he??

Your doing pretty good yourself in that department ghous.

jarroo · #**22699** Feb 27, 2009 10:25am

Quote:

Originally Posted by raczekfx

gj.
.

I thought it was one of these (purple lines) I just didn't know which one to wait for.

jarroo · #**22700** Feb 27, 2009 10:26am

Quote:

Originally Posted by raczekfx

dj.
.

There's my answer.

jarroo · #**22707** Feb 27, 2009 10:48am

4 or 5 times is a charm razcek?

jarroo · #**22699** Feb 27, 2009 10:25am

Quote:

Originally Posted by raczekfx

gj.
.

I thought it was one of these (purple lines) I just didn't know which one to wait for.

jarroo · #**22700** Feb 27, 2009 10:26am

Quote:

Originally Posted by raczekfx

dj.
.

There's my answer.

jarroo · #**22707** Feb 27, 2009 10:48am

4 or 5 times is a charm razcek?

jarroo · #**23036** Mar 4, 2009 7:56pm

Quote:

Originally Posted by raczekfx

fiber ran into daily p pivot.
swissy broke pin mentioned before.
stops at BE.

Jarro w.a.you?

.

Can't see my regular charts right now. Euro Weekly PB failed, not a good sign for longs. I see Euro testing 1.2400 and Swissy testing the 1.2000es. As always, I'll let PA be my guide. Just been able to peek at my charts lately. (or the thread)

I'm glad I played the Weekly Euro PB like J16 . . . I got 75 pips off that PB. I hope others didn't ride that draw to long . . . . . . I hate draw down.

jarroo · #**23041** Mar 4, 2009 9:10pm

Quote:

Originally Posted by raczekfx

oh so you're playing on weekly....

..and I thought it was you, who made 1500% profit in February and cashed in $ 25k price....

http://learncurrencytrading.com/Micro/KOM/FebResults/KOM1st.pdf

Scalping forex can also be profitable...

. . .

. .

.

jarroo · #**23052** Mar 4, 2009 11:26pm

Quote:

Originally Posted by artov

I traded that one too, had my TP @ 1.30 but it hit 1.2990, 10 pips too short and it stopped at low of weekly pb. So I was very unlucky with that one.

Never turn a winner into a loser. A classic Jim drum beat. Easy to say, tough to do. At least for me it was. Now it seems if I'm up 10 pips on a trade, I find myself moving my stop loss to breakeven. "Hoping" for a trade to get back-in-the-money has left many scars.

jarroo · #**23055** Mar 5, 2009 12:19am

Quote:

Originally Posted by bundyraider

LOL. Yeah.....

"A little bit more, a little bit more!! Come on baby!!!! You can do it!!!"

"Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer."

" DAMN!!!!..... Hit my stop loss!! If only I'd taken profit at the first barrier I'd be up."

"Where's the next trade?? ..This chart??... Nup... ...How about this one? ....Nup.... This pair?? ...hmmm.... there's an outside bar. That'll do.... "

"hmmmm..... If I go extra tight on the stop and go double or nothing I can make...

How did you get my exact wording. lolol

Also, it wasn't "Damn, it hit my stop loss" it was "I'll remove my stop loss" Ouch!

jarroo · #**23041** Mar 4, 2009 9:10pm

Quote:

Originally Posted by raczekfx

oh so you're playing on weekly....

..and I thought it was you, who made 1500% profit in February and cashed in $ 25k price....

http://learncurrencytrading.com/Micro/KOM/FebResults/KOM1st.pdf

Scalping forex can also be profitable...

. . .

. .

.

jarroo · #**23052** Mar 4, 2009 11:26pm

Quote:

Originally Posted by artov

I traded that one too, had my TP @ 1.30 but it hit 1.2990, 10 pips too short and it stopped at low of weekly pb. So I was very unlucky with that one.

Never turn a winner into a loser. A classic Jim drum beat. Easy to say, tough to do. At least for me it was. Now it seems if I'm up 10 pips on a trade, I find myself moving my stop loss to breakeven. "Hoping" for a trade to get back-in-the-money has left many scars.

jarroo · #**23055** Mar 5, 2009 12:19am

Quote:

Originally Posted by bundyraider

LOL. Yeah.....

"A little bit more, a little bit more!! Come on baby!!!! You can do it!!!"

"Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer."

" DAMN!!!!..... Hit my stop loss!! If only I'd taken profit at the first barrier I'd be up."

"Where's the next trade?? ..This chart??... Nup... ...How about this one? ....Nup.... This pair?? ...hmmm.... there's an outside bar. That'll do.... "

"hmmmm..... If I go extra tight on the stop and go double or nothing I can make...

How did you get my exact wording. lolol

Also, it wasn't "Damn, it hit my stop loss" it was "I'll remove my stop loss" Ouch!

jarroo · #**23036** Mar 4, 2009 7:56pm

Quote:

Originally Posted by raczekfx

fiber ran into daily p pivot.
swissy broke pin mentioned before.
stops at BE.

Jarro w.a.you?

.

Can't see my regular charts right now. Euro Weekly PB failed, not a good sign for longs. I see Euro testing 1.2400 and Swissy testing the 1.2000es. As always, I'll let PA be my guide. Just been able to peek at my charts lately. (or the thread)

I'm glad I played the Weekly Euro PB like J16 . . . I got 75 pips off that PB. I hope others didn't ride that draw to long . . . . . . I hate draw down.

jarroo · #**23094** Mar 5, 2009 8:43am

Quote:

Originally Posted by dmc

Anyone's thoughts on this? 4hr BEOB

Pros: swing high, triple top, divergence and off 140 round number

It is only one hour into the bar but I don't like that it looks like a pin is forming the other way. anyone think I set my TP too far away or are there some PPZ's i am not aware of?

I didn't take this one. But it looks like a very successful trade dmc for 30-40 pips.

I like your confluences. 139.00 looks like a better 1st target (round number, and past points of S/R). Also, a hard break at the trigger would also confirm the entry for me.

Is 30-40 pips to little amount? Are you expecting more then this?

jarroo · #**23097** Mar 5, 2009 8:56am

Quote:

Originally Posted by dmc

I guess I just looked down a little too far I was looking at 138.85..some bar highs there. I think what I usually forget is that these are areas and not specific points. 30-40 pips is great don't get me wrong I have had much more success by setting my tp's then trying to let my trades run, guess I just sized this one up wrong.

I thought you sized it up great dmc.

Your not off base, just need to fine tune a little more. Once you have some positive pips (like 30 pips), put some in the bank and let the other half run at break even. If you get stopped out at break even on the second half . . or the full position . . . so what. There will be a time where it will run to the moon.

jarroo · #**23099** Mar 5, 2009 9:20am

Quote:

Originally Posted by dmc

Thanks jaroo, yea I usually put 2 orders in, but I woke up a little late for this one and wanted to get it in before it broke so I only put 1 order with full position size. As you said it broke extremely quickly.

The one thing about a good PA setup is the momentum of Price at the break. Think of momentum like your driving a boat on a lake and you want to make a complete and sudden stop. It just isn't going to happen in a boat. lol
PA setup, the good ones, then to act in this way. imo.

Well look at that (Gbp/Jpy) looks like it hit your 138.85. Good momentum on that setup dmc.

jarroo · #**23041** Mar 4, 2009 9:10pm

Quote:

Originally Posted by raczekfx

oh so you're playing on weekly....

..and I thought it was you, who made 1500% profit in February and cashed in $ 25k price....

http://learncurrencytrading.com/Micro/KOM/FebResults/KOM1st.pdf

Scalping forex can also be profitable...

. . .

. .

.

jarroo · #**23052** Mar 4, 2009 11:26pm

Quote:

Originally Posted by artov

I traded that one too, had my TP @ 1.30 but it hit 1.2990, 10 pips too short and it stopped at low of weekly pb. So I was very unlucky with that one.

Never turn a winner into a loser. A classic Jim drum beat. Easy to say, tough to do. At least for me it was. Now it seems if I'm up 10 pips on a trade, I find myself moving my stop loss to breakeven. "Hoping" for a trade to get back-in-the-money has left many scars.

jarroo · #**23055** Mar 5, 2009 12:19am

Quote:

Originally Posted by bundyraider

LOL. Yeah.....

"A little bit more, a little bit more!! Come on baby!!!! You can do it!!!"

"Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer."

" DAMN!!!!..... Hit my stop loss!! If only I'd taken profit at the first barrier I'd be up."

"Where's the next trade?? ..This chart??... Nup... ...How about this one? ....Nup.... This pair?? ...hmmm.... there's an outside bar. That'll do.... "

"hmmmm..... If I go extra tight on the stop and go double or nothing I can make...

How did you get my exact wording. lolol

Also, it wasn't "Damn, it hit my stop loss" it was "I'll remove my stop loss" Ouch!

jarroo · #**23102** Mar 5, 2009 9:45am

Quote:

Originally Posted by dmc

Looks like it did

... Thanks for the compliment Jaroo, and your help, it is always appreciated.

The key to your setup , as always, was the location. Off of recent Daily and Weekly Highs. A must if your trading off the 4 hour time frame. ( along with Daily/Weekly PPZs, Fibs, etc)

Glad I could help.

Jim

jarroo · #**23105** Mar 5, 2009 10:09am

Quote:

Originally Posted by ikki

Hey Jarro.
It's shaping a good pinbar in EUR/JPY + fibo 61.8+ S/R
any comments, and suggestions are welcome?

Didn't close as a PB.

If it did, I still would have been hesitant and passed. Would have liked it at a Daily/Weekly PPZ level and/or their Lows.

jarroo · #**23110** Mar 5, 2009 10:48am

Quote:

Originally Posted by Turtle

Good day Jarroo.

I have a question, is there a roadmap on how to figure out the Daily/Weekly PPZs???

Thanks in advance

HOLLA

Start on the weekly (and even the Monthly) and find where the flips occur. Then go to the Daily and fine tune them to the nearest round number, unless there are strong ones near the .50.

jarroo · #**23112** Mar 5, 2009 10:55am

Quote:

Originally Posted by jarroo

Start on the weekly (and even the Monthly) and find where the flips occur. Then go to the Daily and fine tune them to the nearest round number, unless there are strong ones near the .50.

It's interesting what pops out when you go down to the 4 hour time frame at these levels.

jarroo · #**23118** Mar 5, 2009 11:21am

Quote:

Originally Posted by supremeChaos

Jim,
should "base 10" (1.2520, 1.2540, 1.2570 etc.), "base 25" (1.2525, 1.2575 & the likes) prices be ignored altogether? Thanks

Remember these are "zones"/ "areas". The round number also act as psychological level to many traders.

jarroo · #**23120** Mar 5, 2009 11:29am

Quote:

Originally Posted by artov

Would this be a (good) pinbar, I have doubts because the open and close are pretty far from each other.

I am new to J16 and am learning constantly so you can expect some more questions from me every once in a while.

I would also add further to what Mike had said artov, could you show your Daily PPZ levels and how they relate to the location of that PB.

jarroo · #**23121** Mar 5, 2009 11:34am

Quote:

Originally Posted by alter

CADJPY PIN bar hit SL

I would ask the same question to you alter:

I would also add further to what Mike had said artov, could you show your Daily PPZ levels and how they relate to the location of that PB.

jarroo · #**23123** Mar 5, 2009 11:37am

Quote:

Originally Posted by artov

Sure, there you go.

It's good to hear from the experienced guys here, thanks for your active support!

So there you go. Just as Mike pointed out. If that PB was at that Low level (1.2750) then we may have something.

jarroo · #**23130** Mar 5, 2009 12:30pm

Quote:

Originally Posted by Chris P

Hey Alter,

As Mike said,
Best,
Chris

Very good post Chris.

jarroo · #**23152** Mar 5, 2009 3:26pm

Quote:

Originally Posted by dmc

Not looking to promising in breaking this one. Still a few hours left but, I doubt it will happen. I liked it off of that .5000 level and divergence. Ah well.

Hey dmc could you post a chart of that setup on the 4 hour Gbp/Jpy you had today? Good example of a 4 hour PA setup off of higher time frame Highs/PPZs. Sorry I can't post a chart right now.

jarroo · #**23158** Mar 5, 2009 4:12pm

Quote:

Originally Posted by dmc

Here was the 4 hr setup today on the GBP/JPY BEOB. We had a triple top, with divergence, and close under the Big Round number. The triple top can be seen clearly on the daily chart as well. This are was a huge area of support. See attached.

Thanks d.

Very nice. Looks like its gaining some more pipage as we speak. There was a 70 pip draw down after the break but a very good setup indeed.

If you look at Price Action on the 4 hour chart at this level over the last few weeks there wasn't any clear PA setup to speak of. As James16, Mike and others have mentioned many times before waiting for the right one to come along takes time. Patience is the key. This may be the only PA setup on the 4 hour time frame this month for this pair. Well, maybe

.

jarroo · #**23094** Mar 5, 2009 8:43am

Quote:

Originally Posted by dmc

Anyone's thoughts on this? 4hr BEOB

Pros: swing high, triple top, divergence and off 140 round number

It is only one hour into the bar but I don't like that it looks like a pin is forming the other way. anyone think I set my TP too far away or are there some PPZ's i am not aware of?

I didn't take this one. But it looks like a very successful trade dmc for 30-40 pips.

I like your confluences. 139.00 looks like a better 1st target (round number, and past points of S/R). Also, a hard break at the trigger would also confirm the entry for me.

Is 30-40 pips to little amount? Are you expecting more then this?

jarroo · #**23097** Mar 5, 2009 8:56am

Quote:

Originally Posted by dmc

I guess I just looked down a little too far I was looking at 138.85..some bar highs there. I think what I usually forget is that these are areas and not specific points. 30-40 pips is great don't get me wrong I have had much more success by setting my tp's then trying to let my trades run, guess I just sized this one up wrong.

I thought you sized it up great dmc.

Your not off base, just need to fine tune a little more. Once you have some positive pips (like 30 pips), put some in the bank and let the other half run at break even. If you get stopped out at break even on the second half . . or the full position . . . so what. There will be a time where it will run to the moon.

jarroo · #**23099** Mar 5, 2009 9:20am

Quote:

Originally Posted by dmc

Thanks jaroo, yea I usually put 2 orders in, but I woke up a little late for this one and wanted to get it in before it broke so I only put 1 order with full position size. As you said it broke extremely quickly.

The one thing about a good PA setup is the momentum of Price at the break. Think of momentum like your driving a boat on a lake and you want to make a complete and sudden stop. It just isn't going to happen in a boat. lol
PA setup, the good ones, then to act in this way. imo.

Well look at that (Gbp/Jpy) looks like it hit your 138.85. Good momentum on that setup dmc.

jarroo · #**23102** Mar 5, 2009 9:45am

Quote:

Originally Posted by dmc

Looks like it did

... Thanks for the compliment Jaroo, and your help, it is always appreciated.

The key to your setup , as always, was the location. Off of recent Daily and Weekly Highs. A must if your trading off the 4 hour time frame. ( along with Daily/Weekly PPZs, Fibs, etc)

Glad I could help.

Jim

jarroo · #**23105** Mar 5, 2009 10:09am

Quote:

Originally Posted by ikki

Hey Jarro.
It's shaping a good pinbar in EUR/JPY + fibo 61.8+ S/R
any comments, and suggestions are welcome?

Didn't close as a PB.

If it did, I still would have been hesitant and passed. Would have liked it at a Daily/Weekly PPZ level and/or their Lows.

jarroo · #**23110** Mar 5, 2009 10:48am

Quote:

Originally Posted by Turtle

Good day Jarroo.

I have a question, is there a roadmap on how to figure out the Daily/Weekly PPZs???

Thanks in advance

HOLLA

Start on the weekly (and even the Monthly) and find where the flips occur. Then go to the Daily and fine tune them to the nearest round number, unless there are strong ones near the .50.

jarroo · #**23112** Mar 5, 2009 10:55am

Quote:

Originally Posted by jarroo

Start on the weekly (and even the Monthly) and find where the flips occur. Then go to the Daily and fine tune them to the nearest round number, unless there are strong ones near the .50.

It's interesting what pops out when you go down to the 4 hour time frame at these levels.

jarroo · #**23118** Mar 5, 2009 11:21am

Quote:

Originally Posted by supremeChaos

Jim,
should "base 10" (1.2520, 1.2540, 1.2570 etc.), "base 25" (1.2525, 1.2575 & the likes) prices be ignored altogether? Thanks

Remember these are "zones"/ "areas". The round number also act as psychological level to many traders.

jarroo · #**23120** Mar 5, 2009 11:29am

Quote:

Originally Posted by artov

Would this be a (good) pinbar, I have doubts because the open and close are pretty far from each other.

I am new to J16 and am learning constantly so you can expect some more questions from me every once in a while.

I would also add further to what Mike had said artov, could you show your Daily PPZ levels and how they relate to the location of that PB.

jarroo · #**23121** Mar 5, 2009 11:34am

Quote:

Originally Posted by alter

CADJPY PIN bar hit SL

I would ask the same question to you alter:

I would also add further to what Mike had said artov, could you show your Daily PPZ levels and how they relate to the location of that PB.

jarroo · #**23123** Mar 5, 2009 11:37am

Quote:

Originally Posted by artov

Sure, there you go.

It's good to hear from the experienced guys here, thanks for your active support!

So there you go. Just as Mike pointed out. If that PB was at that Low level (1.2750) then we may have something.

jarroo · #**23130** Mar 5, 2009 12:30pm

Quote:

Originally Posted by Chris P

Hey Alter,

As Mike said,
Best,
Chris

Very good post Chris.

jarroo · #**23152** Mar 5, 2009 3:26pm

Quote:

Originally Posted by dmc

Not looking to promising in breaking this one. Still a few hours left but, I doubt it will happen. I liked it off of that .5000 level and divergence. Ah well.

Hey dmc could you post a chart of that setup on the 4 hour Gbp/Jpy you had today? Good example of a 4 hour PA setup off of higher time frame Highs/PPZs. Sorry I can't post a chart right now.

jarroo · #**23158** Mar 5, 2009 4:12pm

Quote:

Originally Posted by dmc

Here was the 4 hr setup today on the GBP/JPY BEOB. We had a triple top, with divergence, and close under the Big Round number. The triple top can be seen clearly on the daily chart as well. This are was a huge area of support. See attached.

Thanks d.

Very nice. Looks like its gaining some more pipage as we speak. There was a 70 pip draw down after the break but a very good setup indeed.

If you look at Price Action on the 4 hour chart at this level over the last few weeks there wasn't any clear PA setup to speak of. As James16, Mike and others have mentioned many times before waiting for the right one to come along takes time. Patience is the key. This may be the only PA setup on the 4 hour time frame this month for this pair. Well, maybe

.

jarroo · #**23291** Mar 7, 2009 11:06am

Quote:

Originally Posted by bakko85

Hi all,
can't see any very good setup on weekly charts in the crosses i'm monitoring. So here there are some ideas..everything it's explained in the chart.

Quote:

Originally Posted by ghous

Hey Bud, nice work on the charts

Nice analysis guys.

No bias on direction, but bias on Location and PPZ levels which is good.
Let Price Action show us the way.

Jim

jarroo · #**23291** Mar 7, 2009 11:06am

Quote:

Originally Posted by bakko85

Hi all,
can't see any very good setup on weekly charts in the crosses i'm monitoring. So here there are some ideas..everything it's explained in the chart.

Quote:

Originally Posted by ghous

Hey Bud, nice work on the charts

Nice analysis guys.

No bias on direction, but bias on Location and PPZ levels which is good.
Let Price Action show us the way.

Jim

jarroo · #**23790** Mar 15, 2009 10:44am

Quote:

Originally Posted by Jduester

This summary is in no way intended to replace reading the whole thread.

It’s simply a single post
Josh

Quote:

Originally Posted by Jduester

I completed goal 1
Finally treating this like a Business,

Josh

WOW . . . .

!!
I did the same thing with saving post to "favorites" but nothing like this.

Great job. You have added a very helpful post for all to benefit. I'm sure it took much of your time to but this together . . . well done.

Jim

jarroo · #**23790** Mar 15, 2009 10:44am

Quote:

Originally Posted by Jduester

This summary is in no way intended to replace reading the whole thread.

It’s simply a single post
Josh

Quote:

Originally Posted by Jduester

I completed goal 1
Finally treating this like a Business,

Josh

WOW . . . .

!!
I did the same thing with saving post to "favorites" but nothing like this.

Great job. You have added a very helpful post for all to benefit. I'm sure it took much of your time to but this together . . . well done.

Jim

jarroo · #**23792** Mar 15, 2009 11:14am

Quote:

Originally Posted by Bemac

I know this is a multiple posting but felt I had to do this...
I already posted this on the PF...

I reserve the right to change my mind on a whim. After all, I do Trade.

The Recent PA {over the last month or so if that's recent to you} has given me point to ponder.
Regardless of FA the USD has Gained accross the Board & I, thankfully, increased my cargo by playing in that direction.
NOW, after checking charts from TF's 15Min to 1 Month, it appears that is about to change.

You don't turn a MegaShip on a dime. It takes both Time & Distance.{Diplomats...

To All : Remember this post, a few months from now.

(add to favorites)

jarroo · #**23798** Mar 15, 2009 2:00pm

Quote:

Originally Posted by urchman

A follower of james 16 thread was lost but back and better. i missed not posting here for long time. hope there's room for a prodigal fellow like me?...

jaroo hope u still remember me....dibs trader

The prodigal son returns. Welcome back.

I do remember you urchman. Can wait to see some of your A+ PA setups.

G/J Daily PB may not have been A+, but in the A catagory in my book. Good for some solid pips.

jarroo · #**23800** Mar 15, 2009 2:09pm

Quote:

Originally Posted by james16

chart

"We're not trying to trade every day, we're trying to win every time we trade."

Another classic J16 line that hits home. Gotta love it.

Jim

jarroo · #**23805** Mar 15, 2009 2:36pm

Quote:

Originally Posted by ghous

His voice and words specially the way he delivers them literally haunts me, all the way through my trading decisions!

This Guy's a magician "James16"

The same with Mike as well. They make the complex understandable in a very clear, simple way. I still learn so much from these guys very single day.

Especially when you go back in the thread and re-read some earlier material once you get a better understanding of putting it all together. There are many times when I would go back and read many of Mike's earlier posts and say "OOH . . that's what Mike meant." lol Cool stuff.

Jim

jarroo · #**23792** Mar 15, 2009 11:14am

Quote:

Originally Posted by Bemac

I know this is a multiple posting but felt I had to do this...
I already posted this on the PF...

I reserve the right to change my mind on a whim. After all, I do Trade.

The Recent PA {over the last month or so if that's recent to you} has given me point to ponder.
Regardless of FA the USD has Gained accross the Board & I, thankfully, increased my cargo by playing in that direction.
NOW, after checking charts from TF's 15Min to 1 Month, it appears that is about to change.

You don't turn a MegaShip on a dime. It takes both Time & Distance.{Diplomats...

To All : Remember this post, a few months from now.

(add to favorites)

jarroo · #**23798** Mar 15, 2009 2:00pm

Quote:

Originally Posted by urchman

A follower of james 16 thread was lost but back and better. i missed not posting here for long time. hope there's room for a prodigal fellow like me?...

jaroo hope u still remember me....dibs trader

The prodigal son returns. Welcome back.

I do remember you urchman. Can wait to see some of your A+ PA setups.

G/J Daily PB may not have been A+, but in the A catagory in my book. Good for some solid pips.

jarroo · #**23800** Mar 15, 2009 2:09pm

Quote:

Originally Posted by james16

chart

"We're not trying to trade every day, we're trying to win every time we trade."

Another classic J16 line that hits home. Gotta love it.

Jim

jarroo · #**23805** Mar 15, 2009 2:36pm

Quote:

Originally Posted by ghous

His voice and words specially the way he delivers them literally haunts me, all the way through my trading decisions!

This Guy's a magician "James16"

The same with Mike as well. They make the complex understandable in a very clear, simple way. I still learn so much from these guys very single day.

Especially when you go back in the thread and re-read some earlier material once you get a better understanding of putting it all together. There are many times when I would go back and read many of Mike's earlier posts and say "OOH . . that's what Mike meant." lol Cool stuff.

Jim

jarroo · #**23807** Mar 15, 2009 2:51pm

Quote:

Originally Posted by bundyraider

Ditto.

Jaroo combines bars all the time too.

I've probably taken just as many two-bar pins as single bar ones. ...On all time frames.

Comes back to what Mr Trend pointed out recently too, about releasing yourself from the pre-defined bar patterns we push here.

You do get good at putting the raw price movements into context. Lop-sided outside bars etc. lol

I trade a lot of inside bars that are actually two bar pins as well. ...They're the easy IBs to trade.

That I do.

Some are obvious like "railroad track/tweezers" are PBs on a next level time frame. (Chart)

Some are not so obvious. You look at a big move on the Daily, where the location/confluences are good but no definable bar confirmation. (darn it!) Then you look at the same time period and there's a 16 Hour PB in plan view.
Then you say, "That makes sense.

"

Jim

jarroo · #**23810** Mar 15, 2009 3:28pm

Quote:

Originally Posted by squeezy

hey jarroo, nice charts
pls hw can i view 8hr,12hr etc charts .....
its not added by default
thnx

Sure, here you go.

http://www.forexfactory.com/showpost...ostcount=15191

http://www.forexfactory.com/showpost...ostcount=15193

jarroo · #**23813** Mar 15, 2009 3:56pm

Quote:

Originally Posted by Luso

Hi Jarroo,

You just answered to something i asked to Bundy about looking to more TF to make it easier to find PA around the locations we want them to happen.

ty

Bundy gave some interesting insight into raw price movements that I didn't consider before . . Price spanning its move at differant times of the day, etc. Got my wheels turning in my head for awhile.

But as he said, keeping it simple is the best way to go. Whenever I stray away from that, I get myself in trouble.

jarroo · #**23817** Mar 15, 2009 5:46pm

Quote:

Originally Posted by ady27

I used to race cars in the past .
Never crossed my mind to go on a race without practice until every muscle in my body shouted for help.
Practice gave my the ability to test the envelope of the car and myself in different circuits and situations. Only when I dropped from a pre-specified time lap, in practice, I felt ready to go racing.
Used to look a the circuit, plan my "line" as we would call the driving path, to the fastest way around. Usually, sitting in the car during practice will revel if the plan suited the actual real driving surroundings....

Here's a nice one to keep you on the right path.

Usd/Cad: Weekly BEOB

Off Highs (location) and MACD divergence (confluence).

Don't forget the Guest Videos at the James16 site, they will help you greatly.

jarroo · #**23818** Mar 15, 2009 5:51pm

Quote:

Originally Posted by jarroo

Here's a nice one to keep you on the right path.

Usd/Cad: Weekly BEOB

Off Highs (location) and MACD divergence (confluence).

Don't forget the Guest Videos at the James16 site, they will help you greatly.

I like this one also because it is clearly shown on many different broke's platforms.

jarroo · #**23807** Mar 15, 2009 2:51pm

Quote:

Originally Posted by bundyraider

Ditto.

Jaroo combines bars all the time too.

I've probably taken just as many two-bar pins as single bar ones. ...On all time frames.

Comes back to what Mr Trend pointed out recently too, about releasing yourself from the pre-defined bar patterns we push here.

You do get good at putting the raw price movements into context. Lop-sided outside bars etc. lol

I trade a lot of inside bars that are actually two bar pins as well. ...They're the easy IBs to trade.

That I do.

Some are obvious like "railroad track/tweezers" are PBs on a next level time frame. (Chart)

Some are not so obvious. You look at a big move on the Daily, where the location/confluences are good but no definable bar confirmation. (darn it!) Then you look at the same time period and there's a 16 Hour PB in plan view.
Then you say, "That makes sense.

"

Jim

jarroo · #**23810** Mar 15, 2009 3:28pm

Quote:

Originally Posted by squeezy

hey jarroo, nice charts
pls hw can i view 8hr,12hr etc charts .....
its not added by default
thnx

Sure, here you go.

http://www.forexfactory.com/showpost...ostcount=15191

http://www.forexfactory.com/showpost...ostcount=15193

jarroo · #**23813** Mar 15, 2009 3:56pm

Quote:

Originally Posted by Luso

Hi Jarroo,

You just answered to something i asked to Bundy about looking to more TF to make it easier to find PA around the locations we want them to happen.

ty

Bundy gave some interesting insight into raw price movements that I didn't consider before . . Price spanning its move at differant times of the day, etc. Got my wheels turning in my head for awhile.

But as he said, keeping it simple is the best way to go. Whenever I stray away from that, I get myself in trouble.

jarroo · #**23817** Mar 15, 2009 5:46pm

Quote:

Originally Posted by ady27

I used to race cars in the past .
Never crossed my mind to go on a race without practice until every muscle in my body shouted for help.
Practice gave my the ability to test the envelope of the car and myself in different circuits and situations. Only when I dropped from a pre-specified time lap, in practice, I felt ready to go racing.
Used to look a the circuit, plan my "line" as we would call the driving path, to the fastest way around. Usually, sitting in the car during practice will revel if the plan suited the actual real driving surroundings....

Here's a nice one to keep you on the right path.

Usd/Cad: Weekly BEOB

Off Highs (location) and MACD divergence (confluence).

Don't forget the Guest Videos at the James16 site, they will help you greatly.

jarroo · #**23818** Mar 15, 2009 5:51pm

Quote:

Originally Posted by jarroo

Here's a nice one to keep you on the right path.

Usd/Cad: Weekly BEOB

Off Highs (location) and MACD divergence (confluence).

Don't forget the Guest Videos at the James16 site, they will help you greatly.

I like this one also because it is clearly shown on many different broke's platforms.

jarroo · #**23821** Mar 15, 2009 6:19pm

Quote:

Originally Posted by Jduester

Jaroo,
Not sure where you were, but sure glad you're back! And glad you liked my summary post of the thread. There were several in that list from you. You do good work and are also a great teacher. Keep it up.

Josh

Work, family . . . Life.

What's that saying again . . "Man plans while God laughs." lol

Summary post was just great Josh. Everyone should make their own on the ones that standout to them, they have trouble on, their style and so on. Again great work. Glad to be back for a while.

Jim

jarroo · #**23826** Mar 15, 2009 10:21pm

Quote:

Originally Posted by Darkstar

What up kids? Nice to see lots of the ol' FF family still around.

Sorry to jack your thread...

Yo Dark Star, still only making 50 pips a week . . . . at a $1000 a pip. lol

jarroo · #**23834** Mar 16, 2009 4:06am

Quote:

Originally Posted by g_j_hook@yah

regarding the cad weekly beob,theres a 4h beob also, better stop size for me n my mini acount

(the break is the break of the weekly setup)

Nice approach gj.

Let's zoom in on the Weekly and see some barriers I would like to see Price break through as confirmation that its moving lower. Staying below the previous bar (candle) Low of the Weekly BEOB, breaking the Highs of 1.11.09 & 2.15.09 (1.2672) and breaking the BEOB itself.

jarroo · #**23821** Mar 15, 2009 6:19pm

Quote:

Originally Posted by Jduester

Jaroo,
Not sure where you were, but sure glad you're back! And glad you liked my summary post of the thread. There were several in that list from you. You do good work and are also a great teacher. Keep it up.

Josh

Work, family . . . Life.

What's that saying again . . "Man plans while God laughs." lol

Summary post was just great Josh. Everyone should make their own on the ones that standout to them, they have trouble on, their style and so on. Again great work. Glad to be back for a while.

Jim

jarroo · #**23826** Mar 15, 2009 10:21pm

Quote:

Originally Posted by Darkstar

What up kids? Nice to see lots of the ol' FF family still around.

Sorry to jack your thread...

Yo Dark Star, still only making 50 pips a week . . . . at a $1000 a pip. lol

jarroo · #**23834** Mar 16, 2009 4:06am

Quote:

Originally Posted by g_j_hook@yah

regarding the cad weekly beob,theres a 4h beob also, better stop size for me n my mini acount

(the break is the break of the weekly setup)

Nice approach gj.

Let's zoom in on the Weekly and see some barriers I would like to see Price break through as confirmation that its moving lower. Staying below the previous bar (candle) Low of the Weekly BEOB, breaking the Highs of 1.11.09 & 2.15.09 (1.2672) and breaking the BEOB itself.

jarroo · #**23851** Mar 16, 2009 11:44am

Quote:

Originally Posted by g_j_hook@yah

thanx for your insight jarroo,price is trying it best to break that level.what kind of TF are you thinking off?? eg, a 4h close below the 126.70 area ,a daily close??
one problem i have in looking at longer TF charts is trying to put a time frame to my expectations. i have done most of my self-studying on the 1h and 15 min charts and find it a real struggle trying to change my mind set!?

Right now Price is dealing with the Daily PPZ level (1.2700ish). Bearish and/or Bullish PA is what we look for at these levels. The Weekly BEOB (blue box) sits right on this level. A break of the Weekly BEOB should show a good amount of down movement as it has done in the past.

A good confirmation for me is if Price breaks the BEOB hard and fast it should provide a good amount of pips.

The possibility of more up movement is also something to watch at this PPZ level. The trend is up and any Bullish PA could provide some good movement again depending on the break of a given bar confirmation.

jarroo · #**23854** Mar 16, 2009 11:50am

Quote:

Originally Posted by jarroo

The possibility of more up movement is also something to watch at this PPZ level. The trend is up and any Bullish PA could provide some good movement again depending on the break of a given bar confirmation.

If this 4 hour BUOB formation holds, I may place a buy stop just above it and see how hard Price breaks it. It could work out just fine but may be short lived.

jarroo · #**23862** Mar 16, 2009 12:38pm

Quote:

Originally Posted by Chris P

Hi Jim,

I like this setup quite a bit for the confluence of factors: PPZ, trendline support, confirming PA. This is definitely a setup that I'll be moving my stop to BE fairly quickly though. Some traffic to get through right around 1.2750 to start with. This one will either be a B/E trade for me, or looking to TP right around 1.2800

Best,
Chris

Many times on BUOB/BEOB, Price will retrace to the previous Bar High/Low. I didn't place my order due to the traffic you mentioned. Looked too tight for me. It could very well work out nicely.

I agree, its a setup that we look for around the PPZ levels.

jarroo · #**23851** Mar 16, 2009 11:44am

Quote:

Originally Posted by g_j_hook@yah

thanx for your insight jarroo,price is trying it best to break that level.what kind of TF are you thinking off?? eg, a 4h close below the 126.70 area ,a daily close??
one problem i have in looking at longer TF charts is trying to put a time frame to my expectations. i have done most of my self-studying on the 1h and 15 min charts and find it a real struggle trying to change my mind set!?

Right now Price is dealing with the Daily PPZ level (1.2700ish). Bearish and/or Bullish PA is what we look for at these levels. The Weekly BEOB (blue box) sits right on this level. A break of the Weekly BEOB should show a good amount of down movement as it has done in the past.

A good confirmation for me is if Price breaks the BEOB hard and fast it should provide a good amount of pips.

The possibility of more up movement is also something to watch at this PPZ level. The trend is up and any Bullish PA could provide some good movement again depending on the break of a given bar confirmation.

jarroo · #**23854** Mar 16, 2009 11:50am

Quote:

Originally Posted by jarroo

The possibility of more up movement is also something to watch at this PPZ level. The trend is up and any Bullish PA could provide some good movement again depending on the break of a given bar confirmation.

If this 4 hour BUOB formation holds, I may place a buy stop just above it and see how hard Price breaks it. It could work out just fine but may be short lived.

jarroo · #**23862** Mar 16, 2009 12:38pm

Quote:

Originally Posted by Chris P

Hi Jim,

I like this setup quite a bit for the confluence of factors: PPZ, trendline support, confirming PA. This is definitely a setup that I'll be moving my stop to BE fairly quickly though. Some traffic to get through right around 1.2750 to start with. This one will either be a B/E trade for me, or looking to TP right around 1.2800

Best,
Chris

Many times on BUOB/BEOB, Price will retrace to the previous Bar High/Low. I didn't place my order due to the traffic you mentioned. Looked too tight for me. It could very well work out nicely.

I agree, its a setup that we look for around the PPZ levels.

jarroo · #**23882** Mar 16, 2009 4:15pm

Anyone got a 4 hour G/J chart handle? Sorry I can't post charts right now.

Looks like an 8 hour PB (2bar 4hour PB) on the geppy. (according to my web chart.)

jarroo · #**23884** Mar 16, 2009 4:24pm

Quote:

Originally Posted by g_j_hook@yah

one quick question for you more experienced guys out there ...
how many pips below/above the bar do you normally place your entry orders??
sorry if this has been covered many times before. i usually place them 5 -10 pips below on the 4h bars and 10-20 on higher TFs.(anything lower 2 pips) i will also wait for price to break any round numbers if they are sitting too close.How does this stand against the general concensus??
thanx

Its always good to have a buffer to help valid your entry and you stated a good standard pip amount. But I always go back to this because it has helped me so much.

James16:

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken

http://www.forexfactory.com/showpost...ostcount=15568

jarroo · #**23886** Mar 16, 2009 4:32pm

Quote:

Originally Posted by baz

hi jaroo
i posted this earlier,i am not on my charts as well....about 2 hrs ago

baz

Thanks Baz. Looks good.

jarroo · #**23888** Mar 16, 2009 4:37pm

Quote:

Originally Posted by g_j_hook@yah

will this do??

Thanks gj. Like to see that off the 141.50 level. Its got some room to move down. Not the best time of the day. Should be fun to watch and/or demo.

jarroo · #**23890** Mar 16, 2009 5:13pm

Quote:

Originally Posted by g_j_hook@yah

Hey jarroo, one thing iv noticed lately is that the ranges over the asian sessions have been MUCH bigger than usual.
what do think about this 8h pin on gb/chf ?both seem to promise 1:1 targets at least??
thanx, jon

Looks like a nice PPZ levels at the 1.6550 level which Price may be heading towards again. A lot of traffic to the left and not at new or recent Highs. Not bad but could be alot better and that's what we are looking for, only the best.

jarroo · #**23882** Mar 16, 2009 4:15pm

Anyone got a 4 hour G/J chart handle? Sorry I can't post charts right now.

Looks like an 8 hour PB (2bar 4hour PB) on the geppy. (according to my web chart.)

jarroo · #**23884** Mar 16, 2009 4:24pm

Quote:

Originally Posted by g_j_hook@yah

one quick question for you more experienced guys out there ...
how many pips below/above the bar do you normally place your entry orders??
sorry if this has been covered many times before. i usually place them 5 -10 pips below on the 4h bars and 10-20 on higher TFs.(anything lower 2 pips) i will also wait for price to break any round numbers if they are sitting too close.How does this stand against the general concensus??
thanx

Its always good to have a buffer to help valid your entry and you stated a good standard pip amount. But I always go back to this because it has helped me so much.

James16:

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken

http://www.forexfactory.com/showpost...ostcount=15568

jarroo · #**23886** Mar 16, 2009 4:32pm

Quote:

Originally Posted by baz

hi jaroo
i posted this earlier,i am not on my charts as well....about 2 hrs ago

baz

Thanks Baz. Looks good.

jarroo · #**23888** Mar 16, 2009 4:37pm

Quote:

Originally Posted by g_j_hook@yah

will this do??

Thanks gj. Like to see that off the 141.50 level. Its got some room to move down. Not the best time of the day. Should be fun to watch and/or demo.

jarroo · #**23890** Mar 16, 2009 5:13pm

Quote:

Originally Posted by g_j_hook@yah

Hey jarroo, one thing iv noticed lately is that the ranges over the asian sessions have been MUCH bigger than usual.
what do think about this 8h pin on gb/chf ?both seem to promise 1:1 targets at least??
thanx, jon

Looks like a nice PPZ levels at the 1.6550 level which Price may be heading towards again. A lot of traffic to the left and not at new or recent Highs. Not bad but could be alot better and that's what we are looking for, only the best.

jarroo · #**23947** Mar 17, 2009 9:00am

Quote:

Originally Posted by g_j_hook@yah

hi guys, hoping someyone can help me,i cant get the alarms working on either of my mt4 platforms??! any suggestions??
thanx, jon

I like this alert GJ. Check it out.

Once you add to your chart, it will immediately say "support hit". Actually that is two horizontal lines at Price. Double click the lines to move them.

When you place your pointer over one line it will flag the name of that line. One will say "Resistence Alert with the 'Price amount'" and the other will say 'Support Alert with the 'Price amount'" Res. is placed on the top and Sup. is place on the bottom where ever you want.

You'll notice that this Alert will be on different time frames. When you go to different times frames it will reset itself. The Alert only goes off once when it is hit, so you will have to adjust the Alert then go to a different time frame to reset it.

jarroo · #**23947** Mar 17, 2009 9:00am

Quote:

Originally Posted by g_j_hook@yah

hi guys, hoping someyone can help me,i cant get the alarms working on either of my mt4 platforms??! any suggestions??
thanx, jon

I like this alert GJ. Check it out.

Once you add to your chart, it will immediately say "support hit". Actually that is two horizontal lines at Price. Double click the lines to move them.

When you place your pointer over one line it will flag the name of that line. One will say "Resistence Alert with the 'Price amount'" and the other will say 'Support Alert with the 'Price amount'" Res. is placed on the top and Sup. is place on the bottom where ever you want.

You'll notice that this Alert will be on different time frames. When you go to different times frames it will reset itself. The Alert only goes off once when it is hit, so you will have to adjust the Alert then go to a different time frame to reset it.

jarroo · #**23966** Mar 17, 2009 6:00pm

Quote:

Originally Posted by james16

chart

So Jim, would you still be waiting for a break on the Weekly CAD BEOB with divergence or would you already be in it?

May be look for Daily Bearish PA.

(Sorry I can't post a current chart, had to take this earlier one.)

jarroo · #**23966** Mar 17, 2009 6:00pm

Quote:

Originally Posted by james16

chart

So Jim, would you still be waiting for a break on the Weekly CAD BEOB with divergence or would you already be in it?

May be look for Daily Bearish PA.

(Sorry I can't post a current chart, had to take this earlier one.)

jarroo · #**23971** Mar 17, 2009 8:19pm

Quote:

Originally Posted by jlmac27

Hello Jarro,
I have kept my eye on this setup,waiting for a break....Wondering what everyone else thought of it.The 1.25 seems to be a pretty strong ppz.Maybe get in and set SL to BE quickly huh?

Quote:

Originally Posted by jlmac27

The 1.21 looks a bit stronger than the 1.25.Maybe that is where we would head to?Any comments?

A nice hard break would be a cherry on the top on this one. Quick to break even is always a smart play in my book, because a true validation of a PA setup is that Price will break and run for a decent amount of pipage. imo.

Maybe to the next strongest level of S/R, like the 1.21.

jarroo · #**23971** Mar 17, 2009 8:19pm

Quote:

Originally Posted by jlmac27

Hello Jarro,
I have kept my eye on this setup,waiting for a break....Wondering what everyone else thought of it.The 1.25 seems to be a pretty strong ppz.Maybe get in and set SL to BE quickly huh?

Quote:

Originally Posted by jlmac27

The 1.21 looks a bit stronger than the 1.25.Maybe that is where we would head to?Any comments?

A nice hard break would be a cherry on the top on this one. Quick to break even is always a smart play in my book, because a true validation of a PA setup is that Price will break and run for a decent amount of pipage. imo.

Maybe to the next strongest level of S/R, like the 1.21.

jarroo · #**24093** Mar 18, 2009 4:19pm

PayDay on the Weekly BEOB Cad. I sure now we'll see a J16 chart.

(Sorry can't post a current chart now, I wish I could because it looks beautiful

.)

http://www.forexfactory.com/showpost...ostcount=23817

jarroo · #**24093** Mar 18, 2009 4:19pm

PayDay on the Weekly BEOB Cad. I sure now we'll see a J16 chart.

(Sorry can't post a current chart now, I wish I could because it looks beautiful

.)

http://www.forexfactory.com/showpost...ostcount=23817

jarroo · #**24110** Mar 18, 2009 5:00pm

Quote:

Originally Posted by dengzhi

i thought we were waiting for a breakout on USDCAD.. which happened after the FOMC announcement.. however that is like trading during news..
or you already had your short in place and it hit after the news was rels? what price was that?
i was waiting to enter after a breakout..however that breakout occurred because of news.. and i dont trade news

Was there News today? I don't follow News unless its the first Friday of the month or interest rate announcement.

News is Price and Price is News.

If you must know . . .
I had the Low of the Weekly BEOB of 1.2624, since this is a weekly PA setup I want Price to break convincingly so my "buffer" is about 15 to 20 pips. That would put me at the 1.2600 level (Round Number) so my sell stop was placed at 1.2590.

If I were to play it more aggresively I would have entered at the previous Bar (candle) Low of the weekly BEOB (around 1.2700, interesting another Round Number

) after the 1.2624 break. Man, I wanted to . . . but chose to play it like I had $10,000 dollar on it, which I didn't. Just my 2%, which is much less.

jarroo · #**24111** Mar 18, 2009 5:03pm

Quote:

Originally Posted by g_j_hook@yah

Just for you Jarroo,

Thanks gj. She sure is pretty.

jarroo · #**24115** Mar 18, 2009 5:32pm

Quote:

Originally Posted by Verto

The Daily DBHLC combined with the weekly BEOB had me convinced even before the news. Woke up to my limit order being hit.

Not sure on the DBHLC. You want the Highs within 1 or 2 pips , also the Low should be lower the the previous bar, preferably the entire bar. Glad it worked out.

jarroo · #**24137** Mar 18, 2009 7:21pm

Quote:

Originally Posted by Verto

Really? The highs are within 1 pip, 1.2766 - 1.2765, and the low is a lower close than the previous bar's close. Yeah.. it wasn't lower than the entire length of the preious bar but yeah it is more of an inside bar with DBH... Oh well.. it worked out, that is all that matters in the end.

Sorry, I was looking at a different pair of bars.
I think Location and Confluences were on our side on this one.

jarroo · #**24139** Mar 18, 2009 7:34pm

Quote:

Originally Posted by ghous

hey jarroo, you would have caught this beauty too,

You miss very few of them anyways...

I've missed to many lately. Great thing about it is that there's always another bus (or boat) coming down the PA street (or strait).

Funnymentals. lol

jarroo · #**24148** Mar 18, 2009 10:17pm

Quote:

Originally Posted by gorubin

Hi I entered the USD/CAD short when it broke off the weekly BEOB this morning...Had to endure the immediate drawdown of up to -130 I think but now I closed most of it for a nice +145 pips, the rest moved to B/E and a more aggressive target...pheeww, that was a tough one.

On the break of a PA setup, I would use more of a buffer on the Weekly, 15 -20 pips; Daily, 10-15pips; 4 hour, 5 to 10. Taking a 1-2 pip break on the Weekly PA setup is not giving much room for confimation.

jarroo · #**24137** Mar 18, 2009 7:21pm

Quote:

Originally Posted by Verto

Really? The highs are within 1 pip, 1.2766 - 1.2765, and the low is a lower close than the previous bar's close. Yeah.. it wasn't lower than the entire length of the preious bar but yeah it is more of an inside bar with DBH... Oh well.. it worked out, that is all that matters in the end.

Sorry, I was looking at a different pair of bars.
I think Location and Confluences were on our side on this one.

jarroo · #**24139** Mar 18, 2009 7:34pm

Quote:

Originally Posted by ghous

hey jarroo, you would have caught this beauty too,

You miss very few of them anyways...

I've missed to many lately. Great thing about it is that there's always another bus (or boat) coming down the PA street (or strait).

Funnymentals. lol

jarroo · #**24148** Mar 18, 2009 10:17pm

Quote:

Originally Posted by gorubin

Hi I entered the USD/CAD short when it broke off the weekly BEOB this morning...Had to endure the immediate drawdown of up to -130 I think but now I closed most of it for a nice +145 pips, the rest moved to B/E and a more aggressive target...pheeww, that was a tough one.

On the break of a PA setup, I would use more of a buffer on the Weekly, 15 -20 pips; Daily, 10-15pips; 4 hour, 5 to 10. Taking a 1-2 pip break on the Weekly PA setup is not giving much room for confimation.

jarroo · #**24156** Mar 19, 2009 12:08am

Quote:

Originally Posted by mattfx

Any comments ?

I would like to give my take on these PA setups. I didn't take any of these setups.

First the Daily/Weekly PPZs which you have indicated. Heres' mine. (Chart 1)

This is how I would rate them.(Chart 2)

The A+ setup is at a swing Low, off a Daily/Weekly PPZ, with some nice space, size is good compared to previous bars and with a nice hard break at the break. This is what we look for.

The C- setup was off a D/W PPZ but no space (in traffic) and not at a swing Low. Nice hard break at the break. Price Action is a powerful thing at times and can produce some good moves even if it does not meet our (my) patiencely waited criteria. Although if I was to take this trade, how Price acted at the break would be my decision point. Meaning if it didn't break out as it did, I'm out.

The B- setup was off a D/W PPZ, very little space but considered in traffic to me. Not at a swing Low. But I do like the size, very large relative to the preceeding bars (candles).

Just my thoughts. Other comments most welcomed.

Jim

jarroo · #**24158** Mar 19, 2009 12:17am

Quote:

Originally Posted by dengzhi

how does the BEOB on CHF/JPY look?

Are you talking about this one dendzhi?

jarroo · #**24160** Mar 19, 2009 12:57am

Quote:

Originally Posted by jarroo

Are you talking about this one dendzhi?

Or maybe its the 4 hour BEOB. Blue box is the Weekly BEOB.

I believe that NuckingFuts may use at times the higher time PA bias and look for PA on a lower time frame (4 hour BEOB). In this case bearish.

jarroo · #**24162** Mar 19, 2009 1:11am

Quote:

Originally Posted by pipmyride

All,
Any ideas on the gbp/chf i posted earlier (H4 & H1), its still hovering.

I'm planning to long above a break here.

Looks pretty good pmr. If Price breaks the 1.6337 hard and fast would be my confirmation. (orangered line is my D/W PPZs)

jarroo · #**24166** Mar 19, 2009 1:33am

Quote:

Originally Posted by krue

Jarroo, you are very experienced trader, hope you not mind I jump in for a response. this pair seems very bullish, it rallied more than 61.8% fib retracement in your chart, and your resistance line of 85 seems still giving it space for climbing? simply for curiousity, would you take this as an A+ setup? thank you

I believe the Weekly BEOB is in the A catagory. At a recent high and a break would be below a strong PPZ level, 82.00.

The 4 BEOB broke pretty strong so I wll move my stop loss to break even and grab some pips when presented. This is how we roll.

jarroo · #**24171** Mar 19, 2009 1:50am

Quote:

Originally Posted by ghous

I like price action action pertaining to the weekly BEOB

The 4H Pin bar may well have put an end to that retracment into the BEOB. Since it's off the 61.8 we know we're in business

Interesting when different platforms line up with PA.

Like the 83.20-25 as 1st TP, also yesterdays low and S/R level.

jarroo · #**24172** Mar 19, 2009 1:55am

Quote:

Originally Posted by supremeChaos

jarroo,
thanks again for your colored & detailed charts. the colors are very soothing to the eys, if i may say.

let's say u missed this chfjpy 4H BEOB/weekly BEOB (like other jpy crosses now), how would u play it?
others can also answer this Q too..
Thanks

I trade each currency pair independently, on their own PA merit. Sure, if the Yen is on a run I will look at the crosses but only if quality PA is presented.

jarroo · #**24177** Mar 19, 2009 2:25am

First half for 43 pips 2nd half at break even.

jarroo · #**24178** Mar 19, 2009 2:41am

Quote:

Originally Posted by Delfino

Question about if this would be a valid J16 trade, just checking if I'm getting the hang of this.

At the inside bar, I would put a sell stop being its in a downtrend at the moment and it first broke there anyways. Being a little more conservative I decide to place take profit at the first previous support area I spot on the chart.

Would love any other comments on why not to take the trade or if others feel this would have been a good decision.

Inside bars are played as any other PA setup. They must have a great Location and a supporting cast of confluences i.e. PPZ levels, fibs, divergence, etc.

(Supporting cast of confluences . . stole that one form the big guy. lol)

jarroo · #**24156** Mar 19, 2009 12:08am

Quote:

Originally Posted by mattfx

Any comments ?

I would like to give my take on these PA setups. I didn't take any of these setups.

First the Daily/Weekly PPZs which you have indicated. Heres' mine. (Chart 1)

This is how I would rate them.(Chart 2)

The A+ setup is at a swing Low, off a Daily/Weekly PPZ, with some nice space, size is good compared to previous bars and with a nice hard break at the break. This is what we look for.

The C- setup was off a D/W PPZ but no space (in traffic) and not at a swing Low. Nice hard break at the break. Price Action is a powerful thing at times and can produce some good moves even if it does not meet our (my) patiencely waited criteria. Although if I was to take this trade, how Price acted at the break would be my decision point. Meaning if it didn't break out as it did, I'm out.

The B- setup was off a D/W PPZ, very little space but considered in traffic to me. Not at a swing Low. But I do like the size, very large relative to the preceeding bars (candles).

Just my thoughts. Other comments most welcomed.

Jim

jarroo · #**24158** Mar 19, 2009 12:17am

Quote:

Originally Posted by dengzhi

how does the BEOB on CHF/JPY look?

Are you talking about this one dendzhi?

jarroo · #**24160** Mar 19, 2009 12:57am

Quote:

Originally Posted by jarroo

Are you talking about this one dendzhi?

Or maybe its the 4 hour BEOB. Blue box is the Weekly BEOB.

I believe that NuckingFuts may use at times the higher time PA bias and look for PA on a lower time frame (4 hour BEOB). In this case bearish.

jarroo · #**24162** Mar 19, 2009 1:11am

Quote:

Originally Posted by pipmyride

All,
Any ideas on the gbp/chf i posted earlier (H4 & H1), its still hovering.

I'm planning to long above a break here.

Looks pretty good pmr. If Price breaks the 1.6337 hard and fast would be my confirmation. (orangered line is my D/W PPZs)

jarroo · #**24166** Mar 19, 2009 1:33am

Quote:

Originally Posted by krue

Jarroo, you are very experienced trader, hope you not mind I jump in for a response. this pair seems very bullish, it rallied more than 61.8% fib retracement in your chart, and your resistance line of 85 seems still giving it space for climbing? simply for curiousity, would you take this as an A+ setup? thank you

I believe the Weekly BEOB is in the A catagory. At a recent high and a break would be below a strong PPZ level, 82.00.

The 4 BEOB broke pretty strong so I wll move my stop loss to break even and grab some pips when presented. This is how we roll.

jarroo · #**24171** Mar 19, 2009 1:50am

Quote:

Originally Posted by ghous

I like price action action pertaining to the weekly BEOB

The 4H Pin bar may well have put an end to that retracment into the BEOB. Since it's off the 61.8 we know we're in business

Interesting when different platforms line up with PA.

Like the 83.20-25 as 1st TP, also yesterdays low and S/R level.

jarroo · #**24172** Mar 19, 2009 1:55am

Quote:

Originally Posted by supremeChaos

jarroo,
thanks again for your colored & detailed charts. the colors are very soothing to the eys, if i may say.

let's say u missed this chfjpy 4H BEOB/weekly BEOB (like other jpy crosses now), how would u play it?
others can also answer this Q too..
Thanks

I trade each currency pair independently, on their own PA merit. Sure, if the Yen is on a run I will look at the crosses but only if quality PA is presented.

jarroo · #**24177** Mar 19, 2009 2:25am

First half for 43 pips 2nd half at break even.

jarroo · #**24178** Mar 19, 2009 2:41am

Quote:

Originally Posted by Delfino

Question about if this would be a valid J16 trade, just checking if I'm getting the hang of this.

At the inside bar, I would put a sell stop being its in a downtrend at the moment and it first broke there anyways. Being a little more conservative I decide to place take profit at the first previous support area I spot on the chart.

Would love any other comments on why not to take the trade or if others feel this would have been a good decision.

Inside bars are played as any other PA setup. They must have a great Location and a supporting cast of confluences i.e. PPZ levels, fibs, divergence, etc.

(Supporting cast of confluences . . stole that one form the big guy. lol)

jarroo · #**24228** Mar 19, 2009 12:39pm

Its what we wait for.

jarroo · #**24233** Mar 19, 2009 12:58pm

Quote:

Originally Posted by unlv_tj

I am so f***ing pi**ed off at myself. I pulled the order about 1 hour before the FMOC meeting, due to it not breaking strongly, and the worry that the meeting might get me into the trade and then eventually shake me back out.

I was waiting for this set-up for weeks (thanks to Clockwork's excellent thread), and then I chickened out.

I read a post a few pages back that said on the larger time frames, often P/A is already figured in based on the most likely outcome of the news, due to the big money guys having some ideas of where things will go...

I've been there tj, trusting a setup took time for me to develop as well.
Now, if I have pair of Bullets I'm all in . . . I mean . . . 2%. lol

jarroo · #**24228** Mar 19, 2009 12:39pm

Its what we wait for.

jarroo · #**24233** Mar 19, 2009 12:58pm

Quote:

Originally Posted by unlv_tj

I am so f***ing pi**ed off at myself. I pulled the order about 1 hour before the FMOC meeting, due to it not breaking strongly, and the worry that the meeting might get me into the trade and then eventually shake me back out.

I was waiting for this set-up for weeks (thanks to Clockwork's excellent thread), and then I chickened out.

I read a post a few pages back that said on the larger time frames, often P/A is already figured in based on the most likely outcome of the news, due to the big money guys having some ideas of where things will go...

I've been there tj, trusting a setup took time for me to develop as well.
Now, if I have pair of Bullets I'm all in . . . I mean . . . 2%. lol

jarroo · #**24366** Mar 20, 2009 7:04pm

Quote:

Originally Posted by james16

CHART

Aahh . . . come on Jim. I thought you would post the Cad Weekly BEOB with divergence.

I made over 300 pips on that trade and still in it with the 2nd half. A classic J16 trade in my book, especailly for those that are working off the Weekly/Daily.

jarroo · #**24376** Mar 20, 2009 11:17pm

Quote:

Originally Posted by james16

yeah i only hesitated on that one because it looks to a newbie like a neutral bar. its a strange bar actually at least on my ibfx feed. i will probably post it but im sure you guys already have.

jim

I see what you mean. It was a little better on FxPro.

jarroo · #**24380** Mar 20, 2009 11:51pm

Quote:

Originally Posted by arcus

Your chart looks different Jarroo

James16 uses Bar charts, I wanted to see what Jim was seeing.

jarroo · #**24390** Mar 21, 2009 11:43am

Quote:

Originally Posted by jlmac27

Nice two day pin.confluence,But not much room to run.

I agree jlmac. The 97.50 level is also a Weekly PPZ. I may put a buy stop above the 2 day PB and see how strong it breaks (if it breaks). It may reach recent Highs (blue box).

jarroo · #**24392** Mar 21, 2009 12:04pm

Quote:

Originally Posted by ghous

The lows should come before those Highs

I like the location nevertheless, i.e the 2 day pin is nicely off the 50 fib and the 93.5 ppz, the overall shape is A+ of course,

the bar lows as I mentioned earlier could be the single biggest worry IMO,

I may sit this one out.

Regards,
Ghous.

Hey ghous.

Yes I aggree, that's why I mentioned the placement of my buy stop and how Price breaks it. Meaning if Price dances slowly around thoses Lows and then break hard I'll manage it according, tight stop. It will not be a full positon trade.

jarroo · #**24397** Mar 21, 2009 1:18pm

Quote:

Originally Posted by ghous

I have little doubt to how well you'll manage this trade.

They are pretty easy to manage when they act the way they're suppose to. lol

Take the Daily BUOB on the Gbp/Usd. Price breaks hard and may never look back. This action of how Price breaks the trigger should not be ignored when looking to confirm your setup.

jarroo · #**24366** Mar 20, 2009 7:04pm

Quote:

Originally Posted by james16

CHART

Aahh . . . come on Jim. I thought you would post the Cad Weekly BEOB with divergence.

I made over 300 pips on that trade and still in it with the 2nd half. A classic J16 trade in my book, especailly for those that are working off the Weekly/Daily.

jarroo · #**24415** Mar 22, 2009 12:26pm

Quote:

Originally Posted by mea

Yes the installation is there, but it does not confert!

Didn't you go to "File" and click "Open Offline" . Pick your time frame and pair you convertered and Click "Open". Then just add your template.

jarroo · #**24418** Mar 22, 2009 12:30pm

Quote:

Originally Posted by mea

yes I did follow step by step, no change

what time frame are you converting to?

jarroo · #**24422** Mar 22, 2009 12:45pm

Quote:

Originally Posted by MinceMeat

Sorry Mea, don't know what to suggest.

I see Jarroo is online, perhaps he has come across this before. I'm afraid I can't be of much more assistance

You've been a great help MM.

Mea:
What pair are you converting and are you on the Daily time frame when you add the peridcon to the chart?

jarroo · #**24424** Mar 22, 2009 12:53pm

Quote:

Originally Posted by mea

I try eurusd
and i am on the daily when i add pericon to the chart, yes

You open the peridcon and it looks like this then click "OK.

jarroo · #**24427** Mar 22, 2009 1:04pm

Quote:

Originally Posted by mea

I did and it looked like you posted!

Now go the "File" and go to "Open Offline" click that and it should look like this. Scroll down to find "Eur/Usd, D2 click it and Open. then add your template.

jarroo · #**24430** Mar 22, 2009 1:07pm

Quote:

Originally Posted by mea

MM and Jarroo
I like to thank you both for the effort, just dont know what is wrong because it is so easy to follow. I will try it at an other demo perhaps it works there.
one never knows

Remember this is just a snap shot (a picture) of the converted time frame. It will not show Price moving.

jarroo · #**24433** Mar 22, 2009 1:10pm

Quote:

Originally Posted by mea

Yes it should like look this, just i do not have the D2 in it..lol
I guess i understand everything, just nothing changed at all since i added the
periodcon

So you can see "Open Offline" pairs, but it does not show "Eur/USD, D2"?

jarroo · #**24435** Mar 22, 2009 1:17pm

Quote:

Originally Posted by mea

Right I can see all the pairs with there time frames as usual but none of them like D2 or H8

jarroo · #**24376** Mar 20, 2009 11:17pm

Quote:

Originally Posted by james16

yeah i only hesitated on that one because it looks to a newbie like a neutral bar. its a strange bar actually at least on my ibfx feed. i will probably post it but im sure you guys already have.

jim

I see what you mean. It was a little better on FxPro.

jarroo · #**24380** Mar 20, 2009 11:51pm

Quote:

Originally Posted by arcus

Your chart looks different Jarroo

James16 uses Bar charts, I wanted to see what Jim was seeing.

jarroo · #**24390** Mar 21, 2009 11:43am

Quote:

Originally Posted by jlmac27

Nice two day pin.confluence,But not much room to run.

I agree jlmac. The 97.50 level is also a Weekly PPZ. I may put a buy stop above the 2 day PB and see how strong it breaks (if it breaks). It may reach recent Highs (blue box).

jarroo · #**24392** Mar 21, 2009 12:04pm

Quote:

Originally Posted by ghous

The lows should come before those Highs

I like the location nevertheless, i.e the 2 day pin is nicely off the 50 fib and the 93.5 ppz, the overall shape is A+ of course,

the bar lows as I mentioned earlier could be the single biggest worry IMO,

I may sit this one out.

Regards,
Ghous.

Hey ghous.

Yes I aggree, that's why I mentioned the placement of my buy stop and how Price breaks it. Meaning if Price dances slowly around thoses Lows and then break hard I'll manage it according, tight stop. It will not be a full positon trade.

jarroo · #**24397** Mar 21, 2009 1:18pm

Quote:

Originally Posted by ghous

I have little doubt to how well you'll manage this trade.

They are pretty easy to manage when they act the way they're suppose to. lol

Take the Daily BUOB on the Gbp/Usd. Price breaks hard and may never look back. This action of how Price breaks the trigger should not be ignored when looking to confirm your setup.

jarroo · #**24392** Mar 21, 2009 12:04pm

Quote:

Originally Posted by ghous

The lows should come before those Highs

I like the location nevertheless, i.e the 2 day pin is nicely off the 50 fib and the 93.5 ppz, the overall shape is A+ of course,

the bar lows as I mentioned earlier could be the single biggest worry IMO,

I may sit this one out.

Regards,
Ghous.

Hey ghous.

Yes I aggree, that's why I mentioned the placement of my buy stop and how Price breaks it. Meaning if Price dances slowly around thoses Lows and then break hard I'll manage it according, tight stop. It will not be a full positon trade.

jarroo · #**24397** Mar 21, 2009 1:18pm

Quote:

Originally Posted by ghous

I have little doubt to how well you'll manage this trade.

They are pretty easy to manage when they act the way they're suppose to. lol

Take the Daily BUOB on the Gbp/Usd. Price breaks hard and may never look back. This action of how Price breaks the trigger should not be ignored when looking to confirm your setup.

jarroo · #**24438** Mar 22, 2009 1:21pm

Quote:

Originally Posted by mea

Guess what
I tried it with IBFX and it works, can you believe this
does not work on my other DEMO

ty all for your help and patients you are great, now i need you to show me how i can make money with FX lol
Rainer

Well, you were persistent with that converter to get it right. Apply that same persistents to Price Action and you should be alright.

jarroo · #**24440** Mar 22, 2009 1:31pm

Quote:

Originally Posted by mea

One more Q:
since the FX week has 5 days how does this apply to D2 when converted...

No, it doesn't apply. Its just shows Price chopped up in two days.

Start on post #1 (very important) read, study and enjoy.

jarroo · #**24544** Mar 23, 2009 4:04pm

Quote:

Originally Posted by urchman

helllo jarroo im also looking forward to the 2nd half(hope she falls to my traps), though i only managed 140pips on the first run. And BTW i still want to thank jim for this GOD blessed thread, it's really a gem.

. peace to you all.

How's that 2nd half treating you on the Weekly Cad BEOB, urchman?

Price Action Rules!!

jarroo · #**24548** Mar 23, 2009 5:02pm

Quote:

Originally Posted by raczekfx

i'm no jarro, but if I was short ucad... I'd watch this pin closely, very closely ....

.

I'm no raczek, and I would agree. lol.

Your probably waiting for that PB to confirm your 1.2201 long entry.

jarroo · #**24549** Mar 23, 2009 5:06pm

Quote:

Originally Posted by supremeChaos

jarroo's finally here... ghous has been looking for u. what do u say, ghous?

Ghous and I were looking at the 2 day PB on the Usd/Jpy. Nice hard break, caught 42 pips/ breakeven on that one. It will now probably go to the moon. lol

jarroo · #**24553** Mar 23, 2009 7:38pm

Quote:

Originally Posted by james16

this may sound crazy but i almost feel a sense of graitude to these bars and how they have changed my life over the years. it took the price flips to make them really work for me and i feel the same way about them.

it is very common for me to say out loud to my computer screen.

THANK YOU!!!

they rarely fail me if i "treat" them right.

i love it when i see that same graititude toward them from some of you.

they are "market condition" proof and that is why they work such a high percentage of the time if treated correctly.

the holy...

Its funny Jim, how you sense a graitutude towards these Bars as it has change your life over the years. I haven't really thanked the Bars. (yet) lol.

You see, when I see a hard and fast break of a well placed PB that takes place after patiently waiting for days, the THANK YOU is at the computer screen for sure. But its at a funny looking avatar with Merlin's head on it. Which is followed by,"The big guy (James16) is freaking awesome."

Thanks again for all that you and your team do.

Jim

jarroo · #**24557** Mar 23, 2009 8:19pm

Quote:

Originally Posted by uBERpIP

If I were combining the two bars marked by the yellow arrow to create a 2 day pin bar, should my entry be based on:

break of bar #1 (sky blue line)
break of bar #2 (red line)

I realize that this set up would not have far to go before running into resistance, especially compared with the stop loss necessary.

Just wondering about appropriate entry when combining bars.

Thanks in advance....and slow this thread down so I can keep up!

Break of the blue line. This is my exact setup that I took today. What caught my eye was the size of the 2 Day PB compared to the preceeding bars (candles). Entry above the setup to help confirmation, about 5-10 pips.

It this a A+ setup? No.

The location could have been a heck of alot better. Meaning at a deeper swing low. The resisitence you mentioned is correct, it needed more space to travel. I'm sure many would pass on this one. My approach was to have a tight stop loss and grab a decent amount and move to break even quickly.

jarroo · #**24561** Mar 23, 2009 8:55pm

Quote:

Originally Posted by mbqb11

my inspiration and the man for my thank yous

My THANK YOUs have been at the many versions of Mr. Fudd.

God knows where my trading would be without Mr. Mike. Let the ramblings begin. lol.

Your one of the best around, brother.

Jim

jarroo · #**24581** Mar 23, 2009 11:41pm

Quote:

Originally Posted by jarroo

Ghous and I were looking at the 2 day PB on the Usd/Jpy. Nice hard break, caught 42 pips/ breakeven on that one. It will now probably go to the moon. lol

Its going for those Highs. I knew it. (darn it.)

jarroo · #**24590** Mar 24, 2009 12:02am

Quote:

Originally Posted by supremeChaos

dang,
Sir J16 is live. jarroo's also live. I think i'm going crazy... Maybe due to lack of sleep

u missed the bus, huh? that seems to be rare.

wait, is that a 2-day chart?? Awesome Jim..

Actually is not that rare. At least I got a piece of her.(jpy)

jarroo · #**24594** Mar 24, 2009 12:16am

Quote:

Originally Posted by supremeChaos

LOL. u ALWAYS get a piece.

most on the time.

jarroo · #**24613** Mar 24, 2009 4:16am

Quote:

Originally Posted by MPP

mine closed as a 4h PB which has just been broken.

Nice jay. Grab those pips quick . .running into traffic which may turn into support.

jarroo · #**24620** Mar 24, 2009 4:48am

Quote:

Originally Posted by ghous

Hey Bro,

What happened with your other half, I gues you took the first one off at 97,

You were anticipating Uj to hit those bar highs near 98 remember?

Nice trade BTW, wasn't A+ but if you know what you're doing it's always worth a bagful of pips,

Again it's for ppl with calibers near that of Jarroo

Regards,
Ghous.

Hey ghous, when I grabed the 42 pips, I move to break even on the 2nd half and it got me. I was think of moving my stop loss to -42 pips so if I did get stopped out it would have been a net zero trade, but I decided to banks some.

jarroo · #**24624** Mar 24, 2009 4:58am

Quote:

Originally Posted by alter

Jim the trade was about 35 pips positive at the most. But the risk was 160pips.

alter

Damn you Risk/Reward.

What's the Risk/Reward of a break even trade with 35 pips in the money?

jarroo · #**24629** Mar 24, 2009 5:24am

Quote:

Originally Posted by james16

alter if i can get you or anyone else to step out of the box and just trust what im telling you AND....

demo on daily charts only until you have a minimum 3 months in a row positive then i can almost garuntee you can build an account when you go live.

i cant make any of you do it but i can tell you the vast majority that do follow that advice have an ahh ha moment during those months of demo.

it happens to almost everyone.

your taking the hard road thinking your taking the easy one.

its ok ive been there brother and i WILL...

Just great posts as always Jim.

I am one who had many 'Ahh Ha" moments in my 7 months of demoing. It was very tough for me. I always thought "what a great trade I did . . I wish it was live ". I would go live and it didn't go well, to say the least. Then it was back to demoing.

I always thought that a great PA setup would never present itself again. I thought I was missing out by not going LIVE. As time would tell, they would come back again, over and over again. The transition was easy.

jarroo · #**24634** Mar 24, 2009 5:48am

Quote:

Originally Posted by alter

Hm , jaroo so what about USDJPY 2d PIN. It went 65 PIPs up where I see couple of bar lows. If you move your SL to BE you would be already out as the trade came back to your entry . How did you manage the trade?
alter

Sure alter.

As you know I only took 42 pips on the 1st half and break even on the 2nd half.

Chart 1- the PB presented on the 2 Day chart.

Chart 2 - the 4 hour chart to show how I got 42 pips and stopped out at break even on the 2nd half. My entry was 96.71. Price moved up about 63 pips, I didn't think 97.00 would hold because of the previous Lows so I grabbed 42 pips and moved to breakeven. Price came down and stopped me out.

jarroo · #**24641** Mar 24, 2009 6:09am

Quote:

Originally Posted by alter

Nice trade. Just to make sure, your SL was on the others side of the PB {330pips}?

Sorry, I forgot my initial stop loss placement. I usually place my stop losses very tight, 30 to 40 pips depending on the pair. My confirmation on a valid PA setup, (besides Location, PPZs and other confluences) is how Price break the trigger.

It must break the entry hard and steady to give me validity to my setup. I've talked about this many times. If Price touches my entry and then starts moving against me pretty hard, I'm out. I'll give it a little time to prove itself, but not much. I believe a quality PA setup is a high momentum setup as well. Check the thread for A+ PA setup and see how the break performed. You'll be convinced as well.

jarroo · #**24643** Mar 24, 2009 6:17am

Quote:

Originally Posted by alter

Nice trade. Just to make sure, your SL was on the others side of the PB {330pips}?

Check this 4 PB Usd/Jpy last week. Pretty good setup, Location PPZ, etc,.
What stands out to me is how it broke. Now that's hard and fast.

(a better look on the Hourly)

jarroo · #**24648** Mar 24, 2009 6:38am

Quote:

Originally Posted by alter

Hm, I had an order placed for this one but it didn't trigger on next 4 bars, how long do you wait?
On 1 hour chart isn't the PIN bar too small in compare to previous move{catching falling knife} ?

The best situation is the next bar break. But I'm finding that the initial break, no matter how many bars away, can prove fruitful. It depends on the time frame as well.

jarroo · #**24650** Mar 24, 2009 6:47am

Quote:

Originally Posted by alter

I think this is similar setup on CHFJPY H8, PIN short. What do you think?

Its at a great location. I would see how it breaks the 87.00. Keep your stop loss tight. At such a great location, Daily PA would be a better setup to wait for.

jarroo · #**24652** Mar 24, 2009 6:52am

Great posts today everyone. Gotta go. I wish there was more hours in a day.

Later,

Jim

jarroo · #**24717** Mar 24, 2009 7:04pm

Quote:

Originally Posted by benem

Hallo Jaroo i have a question for you.....Do you enter with the two positions at the same time or you split the entries at different conditions?
i hope you understand my question.

Thank you.

Enter with two position at the same time. Buy stop, in this case.

jarroo · #**24720** Mar 24, 2009 7:35pm

Quote:

Originally Posted by james16

im gonna talk about this post by jarroo again.

"A HIGH QUALITY PA SETUP IS A HIGH MOMENTUM SETUP AS WELL".

ive been trying to say that in an understandable manner for nearly 5 years and he just did it in one sentence.

the sheer fact of that statement is why so many people that have gone down this james16 chart thread road have found some success.

i cant force that into your brain.

YOU MUST LIVE AND EXPERIENCE IT ON YOUR OWN.

JIM

Thanks Jim.

This Price break confirmation has saved me many, many times.

jarroo · #**24721** Mar 24, 2009 7:58pm

Quote:

Originally Posted by BWise

A 30-40 pip stop loss on Daily and 4HR charts? Isnt that a bit tight?

And you said above ' I'll give it a little time to prove itself'. How much is a little time in terms of pips?

I always value the insight of the senior members of this thread, yourself included.

Thanks

Yes it is very tight, especially on the Daily and Weekly. (Yes, I said Weekly).

Time to prove itself . . . this come with practise. But if Price doesn't break the trigger hard (robustly) pretty quick I won't wait for my stop loss to hit. I'll get out with a -7 pip loss if need be. Sure, there will and have been times where I'll get out with a -12 pip loss and it will run to the moon. And also the reverse has happen, where I'll get out and it will shoot through the ground.

Check out some of Jame16, Mike's and some others charts where an A+ trade took place. Most, if not all, gave up some good pips with zero draw down.

I've taken some pretty good "B" PA setups using this Price break confirmation as the lone qualifier. I haven't posted them for obvious reasons.

Jim

jarroo · #**24768** Mar 25, 2009 9:17am

Let's see how hard this BUOB on the 4 hour Euro breaks. (if it breaks)

jarroo · #**24773** Mar 25, 2009 10:01am

Quote:

Originally Posted by jarroo

Let's see how hard this BUOB on the 4 hour Euro breaks. (if it breaks)

This is how I roll.

jarroo · #**24775** Mar 25, 2009 10:06am

Quote:

Originally Posted by Ray_1

Hi jarroo,

I like to ask you is the BUOB on the H4 a good trade? It doesn't seem to be at a swing low and the last few candles are ranging. Pls advise.

Its at a swing low just not very deep. Is it an "A" trade? Probably not.

1st half 73 pips / 2nd half at break even.

jarroo · #**24776** Mar 25, 2009 10:12am

Quote:

Originally Posted by zimdonks

jaroo, congrats on that trade! was your entry at 50% fib retracement, or top of BUOB bar?

1.3542 above the obvious S/R level or 4 hour PPZ (green boxes).

jarroo · #**24777** Mar 25, 2009 10:15am

Quote:

Originally Posted by jarroo

Its at a swing low just not very deep. Is it an "A" trade? Probably not.

1st half 73 pips / 2nd half at break even.

2nd half stopped out.

jarroo · #**24780** Mar 25, 2009 10:38am

Quote:

Originally Posted by zimdonks

great, thanks. im learning the theory but always good to see it live! appreciate it

Remember this from James16: (This is printed in bold font next to my computer.)

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.

http://www.forexfactory.com/showpost...ostcount=15568