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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

Let me suggest to everyone that you save these chart images to your computer. As Jim continues to add more charts, he'll run out of allocated image space and will have to delete the older images.

To save, simply right-click on the image and chose "Save Image As", or "Save Link As" or whatever verbiage your particular browser uses.

Cheers

Dial
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Quoting diallist
Beautiful charts Jim! The info ain't have bad either . Seriously, it is fantastic! Just like you for sharing it!

Uh, do you ever sleep?

Dial
my sleep time is rather speradic. i think when you add it up its probably 6 hours or so a day. i seem to get by ok with that much but i do crash for 12 or more sometimes. its after 3 in the morning i better go, i have an 8 o'clock tee time. see ya tomorrow.
Quoting diallist
Let me suggest to everyone that you save these chart images to your computer. As Jim continues to add more charts, he'll run out of allocated image space and will have to delete the older images.

To save, simply right-click on the image and chose "Save Image As", or "Save Link As" or whatever verbiage your particular browser uses.

Cheers

Dial
i did not know this, thanks diallist. jim
Hey James, thanks for sharing those set-ups. I'm feeling inspired and (without being cocky) can see no reason why even I couldn't follow those signals! Cheers Pal!

One Q. if you don't mind, do you favour a particular time of day for these? I ask cos I'm at work during the european session thx. Slate.
Quoting james16
my sleep time is rather speradic. i think when you add it up its probably 6 hours or so a day. i seem to get by ok with that much but i do crash for 12 or more sometimes. its after 3 in the morning i better go, i have an 8 o'clock tee time. see ya tomorrow.
James thanks again for all of your time and thanks for all of your sharing of information. It is truly educational. Tee time you say, I just knew you had to be a golfer. Get a couple of birdies for me.
Steven
Quoting james16
i did not know this, thanks diallist. jim
I do not know for certain there is an upper limit. I am only assuming so because of the red/green bar that displays when uploading an attachment. I figure if I run out of green, I'll have to track down my older posts with attachments and delete the posts. Merlin, is that right?

At any rate, I'm still saving your images Jim, as they are far too valuable to lose.

Thanks, and I hope you have a great golf game.

Dial
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Pardon my ignorance. What does "BOVB" on James16's last chart mean. I am blown away by all of this information and I don't want to miss anything.

Thanks for sharing this information. This is the best thing I have seen for many weeks on the forum. Glad I did not miss it.

Jim
Quoting Mountyhawks
Pardon my ignorance. What does "BOVB" on James16's last chart mean. I am blown away by all of this information and I don't want to miss anything.

Thanks for sharing this information. This is the best thing I have seen for many weeks on the forum. Glad I did not miss it.

Jim
the ones i have mentioned so far are.

1. dblhc;double bar low with a higher close on second bar

2. dbhlc; double bar high with a lower close on second bar

3. the above can be triples or more

4. two or more matching highs or lows which if broken usually mean a
resumption of the current trend

5. beovb; bearish outside verticle bar; second bar totally encompasses the
prior bar with a lower close on the second. usually signals a continuation
of the current trend.

6. buovb; bullish outside vertical bar; same as above just reversed.

all the remaining are multi bar patters based off of these. they are
advanced techniques. we will get into those at a later date. what
everyone should do is paper trade these until you know them.
another thought for every one. i made the comment a couple of posts ago about sometimes risking hundreds and sometimes thousands. when i see a daily price action set up on a daily chart and it is on a large fib ret i then switch over to a 60 min to see if i can fine tune an entry. if the 60 min is in sinc with the daily i then go to a 15 to narrow it down. i look at all time frames to see if i can find an entry that will allow me to enter with as small a stop as possible. when long, mid and short term are screaming the same thing its then that i take a big swing. it goes back to what i said about trading with the trend. if i see a price action trade set up on a 60 min and it is counter to the daily trend i have to see something very unusual to take it. now i will and do trade 5 and 15 min against the trend but i am very picky when i do it. there is a lot to be said for just waiting for the absolute A trades instead of taking every bar you see that meets the criteria. i watch around ten markets NOT including forex so why take unecessary chances when i know an A trade is not far off. very conservative traders can simply wait for a good price action bar to match up with a fib ret. they are not as common but they are plenty enough to make you rich over time if you play them right.
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Thanks for your reply Jim. I look forward to hearing more. I have been paper trading and limited live trading since last October with mixed results. I have studied some chart patterns and I am looking forward to learning more. Thanks again.

Jim
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Quoting james16
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James, thank you so much for this information.
Steven
Quoting scpeter
James, thank you so much for this information.
every thing i have posted has been learned from someone else. learning to trade succesfully with them is the traders responsibility and trust me it is not automatic. now i am teaching others. i believe in karma and i truly believe that the powers that be will smile on me. now maybe some of you who along with me have listened to the drumbeat of go it alone you will never be a good trader until you figure out your own system will say along with me. BULLSHIT. without help from others i would have quit a long time ago. do not be afraid to learn from others even if you lose trading thier ideas. you learn more sometimes from the losses than the winners. spending money on books and tapes and websights over twenty years is how i got here. jim
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James, you have produced really helpful strategies and most useful charts.

Would you say that Todd Mitchell has produced the most profitable techniques, not really needing much to add to them, or would you add others?

For anyone wanting a good free chart reproducer for printing, producing negative images etc., I can recommend IrfanView at

http://www.irfanview.com/

Thanks, again, James.
Quoting james16
every thing i have posted has been learned from someone else. learning to trade succesfully with them is the traders responsibility and trust me it is not automatic. now i am teaching others. i believe in karma and i truly believe that the powers that be will smile on me. now maybe some of you who along with me have listened to the drumbeat of go it alone you will never be a good trader until you figure out your own system will say along with me. BULLSHIT. without help from others i would have quit a long time ago. do not be afraid to learn from others even if you lose trading thier ideas. you learn more sometimes from the losses than the winners. spending money on books and tapes and websights over twenty years is how i got here. jim
Well said Jim. I'm ignorant of Karma, but if it's anything like "Give and it shall be given unto you.", then I'm 100% with you. I think it is unavoidable to bless others without being blessed in return. And you certainly are blessing us all here with what you are teaching us. Also agree that it is my responsibility to take what you've shared and learn to use it. If you teach me how to use a hammer and I hit my thumb it would be stupid to fault the teacher. It is a shame that some folks have a chronic case of the stupids and wont or can't take responsibility for their own actions. And lastly, I agree: BULLSHIT!

Thank you Jim
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