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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

  • #9,661
  • Mar 21, 2008 9:51am Mar 21, 2008 9:51am
Quoting priceaction
Robin, I painted a similar picture of the latest pin bar on the daily GBPUSD this morning.
yes, as raczek predicted some days ago :
http://forexfactory.com/showpost.php...postcount=9589

kpt
  • #9,662
  • Mar 22, 2008 3:23am Mar 22, 2008 3:23am
I am new to the J16 thread and methodology, but after reading through the first ten pages of the thread tonight, I think I might have an interesting chart to post here. I know that James is big on trading breakouts based upon the wound-up energy of a few sequential inside bars.

The EUR/USD 4hr presents a good example of such a possible breakout. It may exhibit an especially strong move based upon the confluence of a few factors:
- The edge of the Keltner channel
- An upward short-term channel
- The center of the Keltner channel on the Daily TF

Like a new med student, I want to practice my diagnoses, but also to receive your thoughtful, constructive criticism. What do you think?
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  • #9,663
  • Edited 6:43am Mar 22, 2008 6:26am | Edited 6:43am
Quoting drummer486
I am new to the J16 thread and methodology, but after reading through the first ten pages of the thread

- The edge of the Keltner channel
- An upward short-term channel
- The center of the Keltner channel on the Daily TF

Like a new med student, I want to practice my diagnoses, but also to receive your thoughtful, constructive criticism. What do you think?
Hey Drummer! =)
I think that later on you will read the Keltners aren't really used/relevant.
We're really about pure price(only channels used are those constructed by TLs perhaps, but really Jim mainly uses s/r - as in horizontal - to the best of my knowledge)

To me there's only sideways chop on the 4h; daily has a BEB and weekly as well. I do not see a setup here at the time; the setup that was the one to take and most took was the PB at the top

Do stick with it though - I am sure you will find many interesting things and nuggets along the way if you do invest the energy to work your way through the thread. And hey - it's a long weekend!

P.S. Personally I think all those PA indicators are ew. I'm all about that self-sufficiency(far far over the top like so ). Why people invest more time into programming an indicator rather than just looking at a chart is beyond me. And given the completely misguiding output of them, why anyone would allow themselves to take twice as much time sifting through their bad output instead of just using a clean chart and a set of eyes, also escapes me. Call me a grumpy old man!
Trust price. Know yourself.
  • #9,664
  • Mar 22, 2008 7:24am Mar 22, 2008 7:24am
Rob4u,

Was the chart you posted a daily

HH
  • #9,665
  • Mar 22, 2008 12:03pm Mar 22, 2008 12:03pm
Hey All

Would you consider it as a good option for trade...?

Thanks
Shay
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  • #9,666
  • Mar 22, 2008 1:22pm Mar 22, 2008 1:22pm
Something To Think About.....:d
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  • #9,667
  • Mar 22, 2008 5:40pm Mar 22, 2008 5:40pm
Quoting SeekingLight
Hey Drummer! =) ...
Thanks, SL. Yeah, it looks like I've got a ways to go with the James thread. I'm on spring break in Florida this week, so maybe I can nurse my soon-to-be-scalding sunburns over a good James16 read. I don't suppose there's a synopsys somewhere besides the James16 pay site, is there?

As for the EUR/USD pinbar top, certainly does look like a beauty . I actually sold at 1.5872 based upon another reversal strategy, which proved quite effective, but I really do like the pure price action you guys use.

Anyway, thanks for your review, and I look forward to future shoves in the right direction . Keep up the good work!
  • #9,668
  • Mar 22, 2008 6:40pm Mar 22, 2008 6:40pm
what are everyones thoughts on that gbp/usd pin bar after the holiday weekend? i usually ignore weekends and still take signals formed on a friday but this one was thursday. however it was bound within a tight range and on a holiday makes me thing it was a very low volume day with nobody in the markets. does that make it still valid?
  • #9,669
  • Mar 22, 2008 8:32pm Mar 22, 2008 8:32pm
am new here and see lots of pages here so am asking if theres new thing in the strategy or which post i have to read.
thanks alot
  • #9,670
  • Mar 23, 2008 3:15am Mar 23, 2008 3:15am
You should read every post if you are serious about this method.

Alot of great info all the way thru.

REgards
  • #9,671
  • Mar 23, 2008 9:02am Mar 23, 2008 9:02am
If we look at 4 hr in GBP-USD there are Head and Shoulder pattern and resistance 1.9966.

So the question is do we long if price break upper Daily PB? regardless of resistance and H&S pattern.
Or we wait until price break resistance at 1.9966 to make sure that break is correct one?
GBP-USD in down trend or up trend? we have to trade according to the trend right?
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  • #9,672
  • Mar 24, 2008 12:34am Mar 24, 2008 12:34am
I think this week we have plenty of opportunities for the PA geeks.

Euro is building a wonderful PB on the monthly - this might signal a long term reversal. Plus Usd Chf and Usd Jpy have just completed PBs on the weekly. I am a buyer at 1.0170 and 100.70 respectively.

Aud usd completed a DBHLC on weekly ( am I correct?) and the pound seems to ignore the PB on the daily and head down to 1.9500 IMHO.

The overall picture clearly shows a strengthening of the dollar.
Attached Images
We leave no soldier behind.
  • #9,673
  • Mar 24, 2008 9:20am Mar 24, 2008 9:20am
Quoting hharrington
Rob4u,

Was the chart you posted a daily

HH
sorry late reply, but yea it was a daily........
  • #9,674
  • Mar 24, 2008 9:28am Mar 24, 2008 9:28am
PB near support in Oil daily bar.
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  • #9,675
  • Mar 24, 2008 2:50pm Mar 24, 2008 2:50pm
its amazing how "THINGS START TO WORK" when you look at them again on a longer time frame. trading inside bars are old hat and have been for longer than most of you reading this have been alive. i wonder how many other simple approaches that seem too basic for todays trader might also be a key to success if applied to longer time frames?
there are a million ways to trade and the best ones dont make your charts look like a 5 year old with a box of crayons. lol.

good post wern.

has anyone else had there entire house wiped out with the flu this year or am i riding this alone?




Quoting wernbrenk
Hi guys,

Like you all know I'm still working through the thread, but while doing that and analysing my charts I have come accross something which I would like you all to verify if you could.

This is a setup taught by Mr Tom DeMark, which I never thought worked until I started testing it on the Daily TF's.

Please have a look and discuss.

Regards

Werner
  • #9,676
  • Mar 24, 2008 2:54pm Mar 24, 2008 2:54pm
someone track down merlin and tell him i want a hello in my thread.

  • #9,677
  • Mar 24, 2008 2:56pm Mar 24, 2008 2:56pm
Entering week 3 with the flu- will it ever go away?

has anyone else had there entire house wiped out with the flu this year or am i riding this alone? [/quote]
Trade what you see - Not what you think
  • #9,678
  • Mar 24, 2008 3:02pm Mar 24, 2008 3:02pm
hey summit whass up. i feel for ya. i had forgotten how much the flu really sucks. hope i get to forget it again and soon.

Quoting summitfx
Entering week 3 with the flu- will it ever go away?

has anyone else had there entire house wiped out with the flu this year or am i riding this alone?
[/quote]
  • #9,679
  • Mar 24, 2008 4:41pm Mar 24, 2008 4:41pm
Fresh jiuce everyday if you can. The whole family in one hit.
Carrot apple base then go veg, greens, beets whatever you like or go full friut
ginger for those who will.


Colloidal silver for bacterial infections, digestive esp, also great for tooth abcesses and the like.

Bitter herbs if a cold or flu wont shift. boneset/yarrow
Elderflower if its light.

All the best
SS
GOD IS NOT SHORT OF CASH
  • #9,680
  • Mar 24, 2008 4:46pm Mar 24, 2008 4:46pm
ahh the great swami.

im printing. at the least it will be a colorful trip to the bathroom. lol.

jim

Quoting Swami S
Fresh jiuce everyday if you can. The whole family in one hit.
Carrot apple base then go veg, greens, beets whatever you like or go full friut
ginger for those who will.


Colloidal silver for bacterial infections, digestive esp, also great for tooth abcesses and the like.

Bitter herbs if a cold or flu wont shift. boneset/yarrow
Elderflower if its light.

All the best
SS
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