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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

  • #3,381
  • Apr 25, 2007 4:18pm Apr 25, 2007 4:18pm
this one is dedicated to razl dazl.

gbp/jpy.

daily i4b.
we're still working off that pin a few bars back but note the consecutive tbh's. i expect we are going to have a sharp move soon...
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  • #3,382
  • Apr 25, 2007 4:20pm Apr 25, 2007 4:20pm
usd/jpy

this looks even better...
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  • #3,383
  • Apr 25, 2007 4:22pm Apr 25, 2007 4:22pm
Hi,

I did this MT4 indicator and I'm posting it here for test purposes.

It identifies the price action patterns below:

- Double Bars High Lower Close.
- Double Bars Low Higher Close.
- Pin Up.
- Pin Down.
- Inside Bar Smallest of 4.
- Inside Bar.
- Outside Bar.
- Two Bar High.
- Two Bar low.

I hope you enjoy it.

Critics, opinions and wishes are welcome.

Sorry for my poor english.

P.S. to Jim: First time I'm posting here. Please get all past congratulations posts and assume I wrote it...
Attached File(s)
File Type: ex4 VM_Price_Action_1.0.ex4   20 KB | 1,053 downloads
File Type: mq4 VM_Price_Action_1.0.mq4   17 KB | 1,279 downloads
  • #3,384
  • Apr 25, 2007 4:23pm Apr 25, 2007 4:23pm
aud/cad

good pin off the 50 fib level
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  • #3,385
  • Apr 25, 2007 4:25pm Apr 25, 2007 4:25pm
oh go on then - one more, since i've been quiet for a while...

gbp/usd

pin off 61 fib level and sitting just above the weekly pivot point.
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  • #3,386
  • Apr 25, 2007 5:06pm Apr 25, 2007 5:06pm
Quoting the_wizard
this one is dedicated to razl dazl.

gbp/jpy.

daily i4b.
we're still working off that pin a few bars back but note the consecutive tbh's. i expect we are going to have a sharp move soon...
its been a long day, thanks, you always cheer me up, xxx
Never say never.
  • #3,387
  • Apr 25, 2007 5:27pm Apr 25, 2007 5:27pm
Quoting the_wizard
usd/jpy

this looks even better...
Actually I find this one looks worst, thanks to surrounding s/r traps.
Considering american indices, unless asian ones tank, these xxxJPY are going to rise.
Same story for Kiwi and AUDUSD. But this is just guesswork

That AUD/CAD PB is not what you want. You want a LONG pin bar at the swing low, not a bearish PB in the middle of things imho.

I'm half an hour past my bedtime, so forgive me if I'm off on some things.

Also that GBPUSD thing is tiny...but if it works, all the better, I'm still short from the IB. Actually pondering adding to a genuine 1.9990 break...still 90 minutes to close here.
Hope this stuff doesn't mess up in the next 7-8 hours.

N8n8...
Trust price. Know yourself.
  • #3,388
  • Apr 25, 2007 5:38pm Apr 25, 2007 5:38pm
Quoting SeekingLight
That AUD/CAD PB is not what you want. You want a LONG pin bar at the swing low, not a bearish PB in the middle of things imho.
not sure i agree with this...maybe that would be the case if you were trend trading but what about if you expect a continuation of this recent move down...then this would be a perfect setup - an attempt to resume the trend up stalls at the 50 and forms a pin...
  • #3,389
  • Apr 25, 2007 5:42pm Apr 25, 2007 5:42pm
Quoting the_wizard
not sure i agree with this...maybe that would be the case if you were trend trading but what about if you expect a continuation of this recent move down...then this would be a perfect setup - an attempt to resume the trend up stalls at the 50 and forms a pin...
going to have to agree with seeking here. I understand what you are saying, but make sure this is something you have extensively backtested, as this is not how james teaches to play pinbars.

happy trading,
Mike
  • #3,390
  • Apr 25, 2007 6:52pm Apr 25, 2007 6:52pm
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
Watch this PB it sits right on the 61.8, fighting a long term bullish trend. With an hour to go, If it closes with the same beauty, it will be a good start for the engines again.
I think that will work fine for you Wizard, right?
Any ideas?
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  • #3,391
  • Apr 25, 2007 7:00pm Apr 25, 2007 7:00pm
I've been looking at this one too.
It looks pretty good. It's at a swing high and you can even draw a trendline of the recent highs as resistance.
But you could also draw an ascending trendline of the last 11 bars as support...
  • #3,392
  • Apr 25, 2007 7:17pm Apr 25, 2007 7:17pm
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
Fully agree moneybags, that's why a break for both will be a good ride , also the r/r is v.good as the PB high is @ 8357...
Let's see
  • #3,393
  • Apr 26, 2007 3:52am Apr 26, 2007 3:52am
Quoting zzz
Thanks mimas.

I uploaded the files to the site you suggested, hopefully it works. It is better this way - I am always willing to help others but I don’t want to answer 10 pms a day.

Once again: when composing it I did exercise some judgment, it is not literally all the thread but almost everything. I included as much info as I thought was interesting or important for me. I also did not count on sharing when doing it, so some notes etc. are possible. I don’t want to spend extra time now editing it, so take it as it is. You would possibly copy something else…

Here are the links:

Pin bar introduction: http://rapidshare.com/files/27828421...ction.pdf.html
Pin bar advanced: http://rapidshare.com/files/27828420...anced.pdf.html
Inside bars: http://rapidshare.com/files/27828419...4_bar.doc.html
Word file: http://rapidshare.com/files/27828418/James_16.doc.html
Power Point presentation: http://rapidshare.com/files/27828417/James_16.zip.html

Enjoy.
Hi ZZZ,
Just like to say a big thank you I have had a quick look through the files and they are very detailed compared to anything I have put together so far……I can see you have put alot of effort into these, top marks !!!
These will be very helpful to any newcomers to this thread for sure.
I am still going through the thread but as soon as I have finished I will start going through your documents.
I am still amazed by the generosity of the people on this thread and how helpful everyone is.
Can I ask have you any intention of joining the private forum in the future ?
I have quite a bit more catching up to do at the moment but it’s interesting stuff alright.
Stay Lucky Mimas.
  • #3,394
  • Apr 26, 2007 4:57am Apr 26, 2007 4:57am
Well done looks like they are all going your way! Keep them coming, Raz
Never say never.
  • #3,395
  • Edited 5:56am Apr 26, 2007 5:14am | Edited 5:56am
Quoting vmaranhao
Hi,

I did this MT4 indicator and I'm posting it here for test purposes.

It identifies the price action patterns below:

- Double Bars High Lower Close.
- Double Bars Low Higher Close.
- Pin Up.
- Pin Down.
- Inside Bar Smallest of 4.
- Inside Bar.
- Outside Bar.
- Two Bar High.
- Two Bar low.

I hope you enjoy it.

Critics, opinions and wishes are welcome.

Sorry for my poor english.

P.S. to Jim: First time I'm posting here. Please get all past congratulations posts and assume I wrote it...

Hi Vmaranhao
Great indicators just a quick one….
I have tried to change the colours on them with meta editor, so I do not have to do it manually on each chart I have but I am afraid I could not do it for some reason.

In the colours you have
- Two Bar High.
- Two Bar low
As white which does not show up on the chart !
Is there any way you could change them to :


- Double Bars High Lower Close. - Yellow
- Double Bars Low Higher Close. - Yellow
- Pin Up. – Blue
- Pin Down. - Blue
- Inside Bar Smallest of 4. – Red
- Inside Bar. - Green
- Outside Bar. - Green
- Two Bar High. - Magenta
- Two Bar low. – Magenta

If this is possible this would be great.
Also if the size of the stars could be change from 1 to 2.
Great work.

Stay Lucky Mimas
  • #3,396
  • Apr 26, 2007 5:18am Apr 26, 2007 5:18am
my pleasure mimas. i believe that what goes around, somehow comes around.
i have so much to study for now that i have no future plans. i invested significant time, money and effort into trading, got burned, as many people here, and now it is the first time, the topic really started to click with me. all the endless books, forums, etc i did before are starting to make sense. the only thing i am competing against, now, is time. possibly i will go to the private forum if i feel i need it.
as you can see, there is tons of information presented on this forum, it is a question of what you do with it. if you take your time and go through every chart here, then go and find 10 examples on your charts, and then do the same through the endless trading naked site, while demoing all that you learned, you may be ready to trade profitably, i would think. there is no point of overexposing yourself to the information. it cannot sink in faster than it can. the result = your effort X time.
this is just my opinion, though.
  • #3,397
  • Apr 26, 2007 5:23am Apr 26, 2007 5:23am
Quoting zzz
my pleasure mimas. i believe that what goes around, somehow comes around.
i have so much to study for now that i have no future plans. i invested significant time, money and effort into trading, got burned, as many people here, and now it is the first time, the topic really started to click with me. all the endless books, forums, etc i did before are starting to make sense. the only thing i am competing against, now, is time. possibly i will go to the private forum if i feel i need it.
as you can see, there is tons of information presented on this forum, it is a question of what you do with it. if you take your time and go through every chart here, then go and find 10 examples on your charts, and then do the same through the endless trading naked site, while demoing all that you learned, you may be ready to trade profitably, i would think. there is no point of overexposing yourself to the information. it cannot sink in faster than it can. the result = your effort X time.
this is just my opinion, though.
totally agree zzz, thanks for your input, Raz
Never say never.
  • #3,398
  • Edited 2:44pm Apr 26, 2007 6:09am | Edited 2:44pm
Quoting zzz
my pleasure mimas. i believe that what goes around, somehow comes around.
i have so much to study for now that i have no future plans. i invested significant time, money and effort into trading, got burned, as many people here, and now it is the first time, the topic really started to click with me. all the endless books, forums, etc i did before are starting to make sense. the only thing i am competing against, now, is time. possibly i will go to the private forum if i feel i need it.
as you can see, there is tons of information presented on this forum, it is a question of what you do with it. if you take your time and go through every chart here, then go and find 10 examples on your charts, and then do the same through the endless trading naked site, while demoing all that you learned, you may be ready to trade profitably, i would think. there is no point of overexposing yourself to the information. it cannot sink in faster than it can. the result = your effort X time.
this is just my opinion, though.

Hi zzz,
I think you have hit the nail right on the head with your last post, there is so much in your post that I feel the same about. This is the first time I feel like I have something substantial in my favour that I can use. Sifting through this forum as you say is a huge task to undertake, but I believe the rewards will be worth it in the end.

Stay Lucky Mimas.
  • #3,399
  • Apr 26, 2007 6:09am Apr 26, 2007 6:09am
Quoting mimas
Hi Vmaranhao
Great indicators just a quick one….
I have tried to change the colours on them with meta editor, so I do not have to do it manually on each chart I have but I am afraid I could not do it for some reason.

In the colours you have
- Two Bar High.
- Two Bar low
As white which does not show up on the chart !
Is there any way you could change them to :


- Double Bars High Lower Close. - Yellow
- Double Bars Low Higher Close. - Yellow
- Pin Up. – Blue
- Pin Down. - Blue
- Inside Bar Smallest of 4. – Red
- Inside Bar. - Green
- Outside Bar. - Green
- Two Bar High. - Magenta
- Two Bar low. – Magenta

If this is possible this would be great.
Also if the size of the stars could be change from 1 to 2.
Great work.

Stay Lucky Mimas
Hi Mimas

You can change colors and widths direct in the code then compile it.

To change colors alter one or more of these lines:

Inserted Code
extern color pDBHLC_Color       =    Yellow;
extern color pPINUP_Color       =      Gold;
extern color pIBS4_Color        = OrangeRed;
extern color pIB_Color          =      Aqua;
extern color pTBH_Color         =     White;
To change widths alter one or more of these lines:

Inserted Code
extern int   pDBHLC_Width       =         2; 
extern int   pPINUP_Width       =         2; 
extern int   pIBS4_Width        =         2; 
extern int   pIB_Width          =         2; 
extern int   pTBH_Width         =         2;
  • #3,400
  • Apr 26, 2007 7:19am Apr 26, 2007 7:19am
Quoting mbqb11
The paperclip is on the left


http://forexfactory.com/images/misc/paperclip.gif

http://forexfactory.com/images/misc/paperclip.gif http://forexfactory.com/images/misc/sticky.gif Sticky: james16 Chart Thread(http://forexfactory.com/images/misc/multipage.gif 1 2 3 4 5 ... Last Page)
http://forexfactory.com/images/rating/rating_5.gif james16


just u have to do it in the main forum
I have been wondering about that, thx for the info. and taking the time to reply.
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