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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

  • #1,281
  • Nov 11, 2006 2:46am Nov 11, 2006 2:46am
Quoting james16
i use all the indicators in many ways beyond the scope of this thread but for the most part i use them to see the big picture for support and resistance.
Do you determine your support and resistence and pivot points base on the previous days high.low and close, with standard formula for determing those. Do you also use support and resistence based on Past experince with that paticular currency. For example a while back the GBP had a barrier of 8500>
  • #1,282
  • Nov 11, 2006 5:13am Nov 11, 2006 5:13am
Quoting tomhen
Do you determine your support and resistence and pivot points base on the previous days high.low and close, with standard formula for determing those. Do you also use support and resistence based on Past experince with that paticular currency. For example a while back the GBP had a barrier of 8500>
For get my question above. I have been reading the thread and have had it answered several times.
  • #1,283
  • Nov 11, 2006 5:39am Nov 11, 2006 5:39am
Quoting jarroo
Same chart from post #1286 different method, same james16 price action.

I use the daily high/low as res/sup (also weekly high/low) (OrangeRoshan's SRDC method)

3 lots (demo), 2 lots for 15-20 pips, last lot : let it ride.

Stop loss very shallow. 15-20 pips and get to break even real quick.
Probably to quick sometime but I don't care - I hate losses.

James16 your comments are obviously welcomed.

Jim
What are the red and blue lines indicitive of?
every Saint has a past. Every Sinner has a Future
  • #1,284
  • Nov 11, 2006 10:48am Nov 11, 2006 10:48am
yes you could say that. the term pinochio bar was coined by martin pring. its lying to you in his terms. i dont use them much like he does but i liked the name.
Quoting tomhen
Jim

Is this a pinochio pin bar giving a false indication of a continual up trend?

Thanks Tom
  • #1,285
  • Nov 11, 2006 12:55pm Nov 11, 2006 12:55pm
Thought I'd post a chart of a very popular system. Bollinger Bands with Stochastics. Pin Bar off the bottom BB and a 50fibo. Also, positive divergence on Stochastics.
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Keeping it Simple
  • #1,286
  • Nov 11, 2006 12:58pm Nov 11, 2006 12:58pm
If anybody was wondering ... No, I don't trade with indicators. Just messing around with the charts today.
Keeping it Simple
  • #1,287
  • Nov 11, 2006 2:05pm Nov 11, 2006 2:05pm
Habeeb,
I playing this pinbar and the EUR pinbar with stops above the CHF and below the EUR. It is obviously against the trend, but definitely worth at least a couple pips on a pullback from this overblow due to the China announcement.
  • #1,288
  • Nov 12, 2006 7:03am Nov 12, 2006 7:03am
Been Reading the forum first 30 pages last 6 . I noticed the term PB IB what do they stand for? Also is there a higher priority on the daily, weekly, or monthly fibs. Also do you use supports, resistence, and pivots for all three periods.

Thanks

Tom
  • #1,289
  • Nov 12, 2006 9:45am Nov 12, 2006 9:45am
PB is a pin bar, which is a reversal bar that is pretty popular.
IB is an inside bar which signifies indecision among buyers and sellers, and usually results in a breakout.
Fibs on higher timeframes have more importance because they represent the larger trends.

I don't know about support and resistance, but I hope that helps,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #1,290
  • Nov 12, 2006 10:10am Nov 12, 2006 10:10am
Quoting james16
If You Newbies Would Get All The Bullshit Off Your Chart And Just Use Support And Resistance Levels Combined With A Knowledge Of Price Action You Might Stay Alive Long Enough To Find Some True Confidence Before You Get Crushed Mentally.
James,

I know I asked this question once before, but I believe someone else tried to answer for you... I'm curious, do you only trade off of support resistance levels based on the basic PA setups (pin bars, inner bars) or does the simple fact that price is moving away from one of those lines tell you to trade in that direction? It appears that sometimes there just aren't any obvious PA setups to determine the direction of the price. Is this just my lack of knowledge, or will ALL price movements off of support and resistance show some kind of defined PA setup?

Lastly, is there anything in PA that can help you determine the strength of movement? It seems getting into the trade is the easy part - knowing when to exit is the hard part.

Thanks,

Jason
  • #1,291
  • Nov 12, 2006 11:47am Nov 12, 2006 11:47am
I'm giving consideration to joining the private forum but have a question regarding the payment processing firm - Acceptiva. I've never heard of them before so I went to look at their website to check them out.

They indicate that they are a payment processing firm for Charities. "Online Donations for Non-Profits"

So, how is the James16Group set up and allowed to clear payments through them? Just wanted to check in first...

Thanks in advance!
  • #1,292
  • Nov 12, 2006 11:54am Nov 12, 2006 11:54am
Yes

Thank You

Tom
  • #1,293
  • Nov 12, 2006 12:49pm Nov 12, 2006 12:49pm
john is a personal friend from seattle and works with a lot of service based businesses but his main focus is what you described. he is very particular about who he works with. i will send your email to him and post his reply. the payments are actually cleared by a huge company called transfirst. im elmer fudd with a computer so john developed my front end interface for me.
Quoting spike101
I'm giving consideration to joining the private forum but have a question regarding the payment processing firm - Acceptiva. I've never heard of them before so I went to look at their website to check them out.

They indicate that they are a payment processing firm for Charities. "Online Donations for Non-Profits"

So, how is the James16Group set up and allowed to clear payments through them? Just wanted to check in first...

Thanks in advance!
  • #1,294
  • Nov 12, 2006 12:58pm Nov 12, 2006 12:58pm
over the years jason i have learned by feel and experience when these bounces may occur with no price action set up but i am very careful. most of my support/resistance trades are after i see a price bar to help me. you show no lack of knowledge, your assesment is correct. sometimes you will get them and sometimes you wont. dont always look at it as a bounce. sometimes it can be a failure and breakout of the s/r.

Quoting jlowder
James,

I know I asked this question once before, but I believe someone else tried to answer for you... I'm curious, do you only trade off of support resistance levels based on the basic PA setups (pin bars, inner bars) or does the simple fact that price is moving away from one of those lines tell you to trade in that direction? It appears that sometimes there just aren't any obvious PA setups to determine the direction of the price. Is this just my lack of knowledge, or will ALL price movements off of support and resistance show some kind of defined PA setup?

Lastly, is there anything in PA that can help you determine the strength of movement? It seems getting into the trade is the easy part - knowing when to exit is the hard part.

Thanks,

Jason
  • #1,295
  • Nov 12, 2006 3:22pm Nov 12, 2006 3:22pm
here ya go,

Acceptiva has provided online payment software and merchant account integration services for over 4 years. Acceptiva provides the software that hosts and maintains the James16 Group online payment form.The James16 Group has its' own merchant account through which all payments are processed and cleared. Although Acceptiva targets the non-profit market, they also provide services to for-profit clients. Acceptiva is a payment processing integrator and software company. They are not a non-profit and so they can provide their software and services to anyone.

John Tedeschi
Acceptiva
www.acceptiva.com
425-831-2264


Quoting spike101
I'm giving consideration to joining the private forum but have a question regarding the payment processing firm - Acceptiva. I've never heard of them before so I went to look at their website to check them out.

They indicate that they are a payment processing firm for Charities. "Online Donations for Non-Profits"

So, how is the James16Group set up and allowed to clear payments through them? Just wanted to check in first...

Thanks in advance!
  • #1,296
  • Nov 12, 2006 4:00pm Nov 12, 2006 4:00pm
great great great great example. thank you sir.
Quoting habeeb
Thought I'd post a chart of a very popular system. Bollinger Bands with Stochastics. Pin Bar off the bottom BB and a 50fibo. Also, positive divergence on Stochastics.
  • #1,297
  • Nov 12, 2006 4:48pm Nov 12, 2006 4:48pm
Thanks for the info James!

Spike
  • #1,298
  • Nov 12, 2006 5:07pm Nov 12, 2006 5:07pm
thank you spike.
Quoting spike101
Thanks for the info James!

Spike
  • #1,299
  • Nov 12, 2006 5:30pm Nov 12, 2006 5:30pm
Quoting c1ro
Thank Dave!!
Btw, what's the reaction after the BUOVB and BEOVB? I think it's like bullish engulfing and bearish engulfing.
How about the 6th bar from the left? Is it also a BEOVB?

Thanks!!
  • #1,300
  • Nov 13, 2006 1:42am Nov 13, 2006 1:42am
Anyone can help me? Please...

Does the 2nd bar mean BUOVB? but if it is, why it went down?

Thanks all!!
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