james16 Chart Thread | Page 282 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #5,621
  • Aug 26, 2007 10:23pm Aug 26, 2007 10:23pm
Quoting moneybags
Hey camptrader,

No, you don't need multiple charts/feeds to confirm the setup. Play the signals as you see them on whichever chart you have. Price is price regardless what the formation might be on another chart feed.

Most of the time the charts will not agree with eachother when there is a time difference (even when there isnt some times). You can either choose one chart service to look at and stick to it exclusively, or trade what you see on both sets of charts. Sometimes price will be at a good spot to Sell for example and all you see on one chart is a BEB, but looking at another chart you might see a Sell Pin.

Whatever works for you. It's all personal preference that comes after experience.

Tom
Ok Thanks Tom,
Camptrader
Camptrader
  • #5,622
  • Aug 26, 2007 10:39pm Aug 26, 2007 10:39pm
Hey everyone, I've read this entire thread and have found it to be one of the greatest here at FF. Thanks to all who post to it and offer your fantastic advice! I've been wanting to join the PF for a long time now, I'm just waiting for the right time when I know I'll have the time to focus on all the info and absorb and apply it. I've noticed though that lately there hasn't been much talk about the PF... Also, the james16.com site says there's a new website coming, but there really isn't anything to give me confidence that things are still happening in that regards. It seems that things may have stalled out over the summer....

What is the current state of affairs with the PF? Is it actively being attended to? Is there new info/videos still being added daily/weekly? How involved are the founders? I really want to join, but I'd like the most up-to-date information about it that I can get before I do...

Thanks in advance for any info!
  • #5,623
  • Aug 26, 2007 10:57pm Aug 26, 2007 10:57pm
Quoting Repipula
Hey everyone, I've read this entire thread and have found it to be one of the greatest here at FF. Thanks to all who post to it and offer your fantastic advice! I've been wanting to join the PF for a long time now, I'm just waiting for the right time when I know I'll have the time to focus on all the info and absorb and apply it. I've noticed though that lately there hasn't been much talk about the PF... Also, the james16.com site says there's a new website coming, but there really isn't anything to give me confidence that things are still happening in that regards. It seems that things may have stalled out over the summer....

What is the current state of affairs with the PF? Is it actively being attended to? Is there new info/videos still being added daily/weekly? How involved are the founders? I really want to join, but I'd like the most up-to-date information about it that I can get before I do...

Thanks in advance for any info!
It is very much active. Jim just posted a video last week as a matter of fact, and he will be posting another this coming weekend. He and the other members are dedicated to keep things fresh and updated--just this past week Jim polled us and took some suggestions on video ideas, and he will be doing those. Though, the main benefit of the PF for me is the entire community involved, not just videos and stuff like that.
  • #5,624
  • Aug 26, 2007 11:29pm Aug 26, 2007 11:29pm
To show how well price pizot zones coincide with floor pivot levels:

(all the ppzs I've listed are drawn by me, and may differ from your charts)
(monthly pivots are for august, weekly pivots are for this coming week)
* = VERY STRONG confluence

AUDUSD:
Monthly S1 = 0.8358, Weekly R1 = 0.8392 ~~ PPZ = 0.8370 (range of 34 pips)
Weekly S1 = 0.8015 ~~ PPZ = 0.8000 (range of 15 pips)

EURUSD: ****
* Monthly R1 = 1.3846, Weekly R2 = 1.3834 ~~ PPZ = 1.3846 (range of 12 pips)
Monthly Pivot = 1.3687 ~~ PPZ = 1.3676 (range of 9 pips)
* Monthly S2 = 1.3364, Weekly S2 = 1.3366 ~~ PPZ = 1.3369 (range of 5 pips)

GBPUSD:
Monthly S1 = 1.9744 ~~ PPZ = 1.9717 (range of 27 pips)

USDCAD:
Monthly R2 = 1.0928 ~~ PPZ = 1.0930 (range of 2 pips)

USDCHF:
Monthly S1 = 1.1903, Weekly S2 = 1.1921 ~~ PPZ = 1.1911 (range of 18 pips)

USDJPY:
Monthly Pivot = 1.2008 ~~ PPZ = 1.1991 (range of 17 pips)

And the list goes on...

Note that the PPZs I listed here were all drawn BEFORE I calculated the monthly/weekly pivot levels, not after to match a ppz.
  • #5,625
  • Aug 27, 2007 12:06am Aug 27, 2007 12:06am
******YAWNS*********
100% of traders are losers. Just that some win more than they lose!
  • #5,626
  • Aug 27, 2007 3:21am Aug 27, 2007 3:21am
Quoting Repipula
What is the current state of affairs with the PF? Is it actively being attended to? Is there new info/videos still being added daily/weekly? How involved are the founders? I really want to join, but I'd like the most up-to-date information about it that I can get before I do...

Thanks in advance for any info!

Hey Repipula,

there are a lot of threads with details and feedback of those who joined in the whole J16 section here at
http://forexfactory.com/forumdisplay.php?f=91

As for your question, yes, James and the others still post updates and are always there to answer questions. Also Mike and others, myself included, try their best to help as well and have threads(and in my case a journal) of our own we maintain "over there".

Hm.

On a side notice:
Looking over my .gif directory, I think I made (and posted a lot of) around 300 charts this August so far already (posted em all over the place, both sides)..eeeek!

Hope this helps.

Take care,

SeekingLight
Trust price. Know yourself.
  • #5,627
  • Aug 27, 2007 1:16pm Aug 27, 2007 1:16pm
what do you think of this one here? 2 TBH forming in the same area, one of them provided TBHLC and the second is just a simple TBH, how would you play this one???


http://i13.tinypic.com/4p2e4au.gif
  • #5,628
  • Aug 27, 2007 1:20pm Aug 27, 2007 1:20pm
Quoting mamutot
what do you think of this one here? 2 TBH forming in the same area, one of them provided TBHLC and the second is just a simple TBH, how would you play this one???

don't forget that middle bar of the 3 is the Sunday bar. So a lot of us just completely ignore that bar when making decisions(as taught by James). The outside two are close to TBHs though. I am still in the pin, so if this area breaks(including the first set of TBHs,) I will look to use this area as support for my stop to be placed underneath. No surprise today was slow with the holiday and all.


M
  • #5,629
  • Aug 27, 2007 1:20pm Aug 27, 2007 1:20pm
Quoting mamutot
what do you think of this one here? 2 TBH forming in the same area, one of them provided TBHLC and the second is just a simple TBH, how would you play this one???

Connect them with a TL, wait for price to make a close above it, retest it from above, hold, make a bullish setup, enter off that ;p

Edit: Ah, I see Mike is essentially looking for the same thing: "I will look to use this area as support" =)
Trust price. Know yourself.
  • #5,630
  • Edited 1:58pm Aug 27, 2007 1:54pm | Edited 1:58pm
Quoting SeekingLight
Connect them with a TL, wait for price to make a close above it, retest it from above, hold, make a bullish setup, enter off that ;p

Edit: Ah, I see Mike is essentially looking for the same thing: "I will look to use this area as support" =)

never thought of it that way actually - maybe i will just take aat look at it this time, since i have never traded anything but PA by JAMES16 it is kinda hard for me to find all these things that are just waiting out there

thanks


PS - Mike - i didnt mean the sunday bar...




EDIT - i tried it that way - is it correct??

http://i18.tinypic.com/6evhvg0.gif
  • #5,631
  • Aug 27, 2007 2:23pm Aug 27, 2007 2:23pm
Quoting mamutot
never thought of it that way actually - maybe i will just take aat look at it this time, since i have never traded anything but PA by JAMES16 it is kinda hard for me to find all these things that are just waiting out there


EDIT - i tried it that way - is it correct??

Well this is just me being creative with trendlines and s/r areas. Don't know if it's anything that should be done or "proper", it's just something I like to look for, these "razor" trendlines, cutting up price. They're a bit like diagonal s/r if you ask me.

But as I said before - you could just use "normal" s/r, works just as well. Marked it blue as always.
Currently see us caged in, one side is gonna give I guess. Would much prefer getting a retest+setup rather than entering anything pretending to break only to fake.


This is how I meant:
Attached Image
Trust price. Know yourself.
  • #5,632
  • Aug 27, 2007 2:41pm Aug 27, 2007 2:41pm
I'm taking this thread on and only on page 31.

I have to ask though, is there any online resources for bar charts?
I have been able to find "candle signals for forex", but I would like a bar chart dictionary for forex; alas I cannot find any! I know of the DH's, TH's, with different crosses, Pin bar pinnochios, engulfings, bla bla bla... but wondering if there is any others to learn, AND what are their rankings in terms of reliability. From what I've gathered in 31 pages, the pin bars + confluence with fibs\pivots\MA's are the Belgiums of chocolate.
"Please sir, may I have some more pips?"
  • #5,633
  • Aug 27, 2007 3:10pm Aug 27, 2007 3:10pm
Hi Seeklight,

Did u see this Pin Bar , also with confluence of Moving Average, Price Pivot, Fibo Level.

Also i see divergence with Slow Stoch

Sell it GBP/USD ??
Attached Image (click to enlarge)
Click to Enlarge Name: pound 27-08-2007.gif Size: 18 KB
  • #5,634
  • Aug 27, 2007 3:11pm Aug 27, 2007 3:11pm
i think (or at least hope so...) that the monthly PB of the USDCAD is reactivating itself, i checked the 4h chart and saw that the trendline was broke to the upside - would love to hear someone tell me i am right.


seeking??

http://i19.tinypic.com/61z4suh.gif
  • #5,635
  • Aug 27, 2007 3:34pm Aug 27, 2007 3:34pm
Quoting latinoholic
Hi Seeklight,

Did u see this Pin Bar , also with confluence of Moving Average, Price Pivot, Fibo Level.

Also i see divergence with Slow Stoch

Sell it GBP/USD ??
Well I'm just going to jump in here right now because I love being proved wrong or right. (just please don't prove me left -- I dont swing that way).

latinoholic,
first, would you consider a half cuban, half mexican a latino? Because I might be a latinoholic myself then.
second, your observations are KEEN!!! But, I cannot see clearly, if that pin is off of yesterday, which is Sunday... and word on the street is, Sundays are good days to disreguard.

So I suppose the REAL question is --- are your signals all strong enough to overcome the Somber Sundays? This I cannot answer, but only ask.




mamuhot... I also agree your trend line is broken - AND you have that nice little pinnochio pinbar setup at that final trench. But beyond that, I could not confirm whether or not the trend is truly heading up. My FOREX skills must reach at least a higher level (12+) before I can get bonuses to my trend predict chance.
In my early days I would say, ADD ANOTHER INDICATOR!!! But, not anymore... Can anyone else help confirm or deny what we see on his chart?
"Please sir, may I have some more pips?"
  • #5,636
  • Aug 27, 2007 3:52pm Aug 27, 2007 3:52pm
Quoting J2FcM
In my early days I would say, ADD ANOTHER INDICATOR!!! But, not anymore... Can anyone else help confirm or deny what we see on his chart?

what is an indicator???
  • #5,637
  • Aug 27, 2007 3:57pm Aug 27, 2007 3:57pm
indicator --> technical indicator --> lagging indicator = Moving Averages.

other indictaors --> stochastics, RSI, MACD, bla bla bla. Things you put on your charts.

I used to add more indicators in hopes everything would line up...


EXAMPLE --..

the down trend line got broken, and RSI is at 30! Toss in a stochastics and a MACD and see if they all match up! ---> not so simple I found out.
"Please sir, may I have some more pips?"
  • #5,638
  • Aug 27, 2007 4:07pm Aug 27, 2007 4:07pm
J2

you are a great person, i guess i am not that much, i was joking about the indicator thing but i am sure that helps someone who will visit this thread and wont know what an indictaor is..


thanks anyways


<= bad michael, bad, behave now.. =>
  • #5,639
  • Aug 27, 2007 4:11pm Aug 27, 2007 4:11pm
Quoting latinoholic
Hi Seeklight,

Did u see this Pin Bar , also with confluence of Moving Average, Price Pivot, Fibo Level.

Also i see divergence with Slow Stoch

Sell it GBP/USD ??
I have placed a sell order below the pin several pips down. However, consider what your understanding of confluence really is.

1) You've drawn your fib backwards (should be drawn from the high down to the low, not from the previous low to the high). In MT, always draw the fib from left to right, whether it be from high to low or vice versa. Even so, it works out being very similar to what you meant to do, but realize it's by coincidence.

2) In your example, there's really no fib confluence. Price reacting to a fib level in this case would mean that the top of the pinbar hit a fib level and reacted to it. As your chart shows, price is just around this area, and did not really react to the 50% level at all. And since 50% to 38% is only about 100 pips or so, price, IMO, needs to actually react to the level (i.e., be rejected by it).

3) As far as MAs go, yes, there are a bunch of them around that area, but especially if you're talking about going short, well, price really did nothing special at the MAs you have there. Remember that price is always around SOME moving average--you must ask yourself what this really means. The fact that price goes near a moving average really means nothing unless it's in some context, and even if price has a history of reacting to it, that says nothing of possible future reactions to it.

Now, price is definitely at a pivot level, and as today was a small pinbar, I've set a sell stop a good bit below the low of the day (yes, my daily bar has closed), and yes, price does happen to be at a 50% retracement (coincidence that yours worked out on your chart, remember), so there is most definitely confluence. Just remember to understand reasons why you might take or reject a trade--have solid reasons, not just because there are a bunch of lines lining up.
  • #5,640
  • Aug 27, 2007 4:13pm Aug 27, 2007 4:13pm
Quoting mamutot
what is an indicator???
mamutot, as this is mostly a price action-based thread, I got your humor even if J2 did not :-) lol, it's hard to indicate humor with text only sometimes isn't it? :-)
52 traders viewing now