james16 Chart Thread

Quoting Dan-FX

Really? Most of your screen is highlighted!



Ifm - maybe a different thread is in order for this material

Quoting six gun

I will stick to the way it is described by James himself. I have the benefit of a lot of the material on the private forum.

I look at the price pivot zones - the areas where price turns and reacts. The bars formed at these points indicate what may happen next and you can also look ahead to the next ppz or bar highs/lows to tell you where the next area of difficulty is.

These ppz's are kind of your areas of imbalance but as I say I will stick to my "balance" approach.

Quoting Ifmyante

Thanks Bill for the kind words.

I don't believe you've missed anything.

I absolutely have not said anything new here. It's all been taught to us by our great seniors for years.


Not having read the whole thread though (I got to page 52 and skipped to only a few pages back), I never really understood the WHY of it all, which, I'm sure, will have been explained many times through the thread.

I did what I was advised and became quite successful with the J16 method.
I'd draw my PPZs and watch price jump around between them, amazed at how well...

Quoting Panthera

A triangle for anybody?
A break under 1,000 , with a BEOB would be nice.
Mónika

Quoting Ifmyante

Now don't anybody get me wrong.
I will never have my own charts cluttered with all those boxes. They're just there to explain what I've been talking about.

I intend in future to never have more than 2 horizontal lines on my chart (on either side of an imbalance, just for accuracy, and only when I see a trade opportunity arising). No boxes anywhere. Just a couple of pertinent TLs where They're obvious.

I want to trade almost completely naked.

I mean, look at the weekly chart below. Can't you see all the boxes there without my having drawn them?...

Quoting brighty3k

I have been following the thread for several days now and have been reading the past posts as many as i can. but it seems am not moving forward as am finding it difficult to merge all the information each chart contain together.

can i get an ebook that contains most of the important things i need to know on price action and the J16 principle of trading?

I dont want rsuh at all. I really want to learn. thanks

Quoting spookie94

Well according to what happened overnight I'd say you played this loss as well as anyone could. I made the mistake of thinking that BRN would hold. From my experience, when you see price hovering around a PPZ, your odds greatly increase that that area is about to break (or mybe a nice fake out).
I reduced my risk a little, but should have used that BRN more to my advantage.

Quoting brighty3k

I have been following the thread for several days now and have been reading the past posts as many as i can. but it seems am not moving forward as am finding it difficult to merge all the information each chart contain together.

can i get an ebook that contains most of the important things i need to know on price action and the J16 principle of trading?

I dont want rsuh at all. I really want to learn. thanks

Quoting Donkey

Hi brighty. Have you gone and reviewed the guest material at the J16G sight. James has a one hour plus video, I think it is titled "What We Do". There is a wealth of information there. Watch that video and then go through historical charts and see if some of the material - particular PPZs - is more clear....IMO, the PPZ concept is absolutely the most critical. There are also some great videos from Mike in that section as well. I think Mike's video on space is in the guest section....that is another video that was a Eureka moment for me.

I personally...

Quoting brighty3k

I have been following the thread for several days now and have been reading the past posts as many as i can. but it seems am not moving forward as am finding it difficult to merge all the information each chart contain together.
...

Quoting supremeChaos

Sir Donkey is right.
i often say excellent PPZ determination/plotting is a major part of the battle.

1. check this out
2. watch the guest videos (many topics: PPZ, etc)
3. (optional/trader-specific...) view post#1 links
4. practice

this is the 'quickest' way for u to learn.
hope this helps

Quoting Ifmyante

Thanks so much Kal.

I've pm'ed out links alot lately!

I really don't think anybody really needs them.
Just do this exercise and post your results. If you don't absolutely and completely understand everything there is to know about trading by the time you've posted your results, let me know, and we can go over it further.

Pick a chart, any chart. Open the weekly

Quoting teemo

Great Post! I assure you Sam Seiden himself would learn a thing or two about explaining it in such a simple and effective way.
I am a lifetime member of the XLT room with OTA and after hundreds of live sessions with Seiden I feel quite fluent with this concept. Shamefully though I still struggle with plotting PPZ's though I have been following this thread daily since September 2010. If you can share your aha moment or methodology I would be most appreciative.
Thanks again,