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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

  • #11,421
  • Jun 30, 2008 9:28pm Jun 30, 2008 9:28pm
I think I see the same thing as Repipula. ( I'm trying to learn about attaching pics, sorry for the bump)
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  • #11,422
  • Jun 30, 2008 9:47pm Jun 30, 2008 9:47pm
target1 107.70 target2 109.60
  • #11,423
  • Edited 11:37pm Jun 30, 2008 10:34pm | Edited 11:37pm
as i trade off the daily charts, i take the weekly PA into concideration after the daily PA and trend direction, and then look for an entry using the 4hr or sometimes 1 hr PA, which is something i picked up off bundyraider.
can you tell me how much notice i should take of the monthly and weekly trend direction and the monthly PA in this case.

thanks again for all your help. i figure i owe bundy a few bundy's for what i learnt from him especially.
  • #11,424
  • Jul 1, 2008 8:12am Jul 1, 2008 8:12am
Quoting raczekfx
Initial stop is always above bar high of your entry, but how you play out the trade and move your stops, take partial or final profit, it's another story.

g/j trade.
We had daily beovb last week and everyone made few pips. What would happen to your account if you waited with additional entries at 50fib ret (as it is what you plan to do) and move your fib ratracement along the way....
...
.
4th also worked... does it always? off course not...
.
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  • #11,425
  • Jul 1, 2008 11:25am Jul 1, 2008 11:25am
Hello Raczekfx,

Yes it has been working well this time.......It's likely a 5 five waves Elliot sequence : isn't it ?

Thanks

Happy trading,

Angel65
  • #11,426
  • Jul 1, 2008 4:58pm Jul 1, 2008 4:58pm
hmmm....i wonder what this one will turn out to be
http://i28.tinypic.com/dw2mbl.gif
100% of traders are losers. Just that some win more than they lose!
  • #11,427
  • Jul 1, 2008 5:17pm Jul 1, 2008 5:17pm
It is a 4IB at PPZ complimenting a PB....
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Find an Edge. Only way to succeed in this business.
  • #11,428
  • Jul 1, 2008 5:20pm Jul 1, 2008 5:20pm
Quoting jattputt
It is a 4IB at PPZ complimenting a PB....
sorry, i missed out on alot of post...er...what is a PPZ? and an 4IB?
100% of traders are losers. Just that some win more than they lose!
  • #11,429
  • Jul 1, 2008 5:32pm Jul 1, 2008 5:32pm
Quoting Mr demark
sorry, i missed out on alot of post...er...what is a PPZ? and an 4IB?
4IB is 4th inside bar and PPZ is Price Pivot Zone.
Find an Edge. Only way to succeed in this business.
  • #11,430
  • Jul 1, 2008 7:48pm Jul 1, 2008 7:48pm
Quoting Angel65
Hello Raczekfx,

Yes it has been working well this time.......It's likely a 5 five waves Elliot sequence : isn't it ?
It could be, I don't know.. I like it simple and easy and don't subscribe to voodoo wave methods.

My core is ppz or s/r if you will,... and thanks to James for opening my eyes.
If you demo your trades around support/resistance for few months the lightbulbs should suddenly turn on and you will never look at any other system ever again. No ema crossovers, no dibs, no blackjack thingy.. . Charts will start talking to you, period.
It's sooooo.. simple, and this is exactly the reason why people don't see it. It's too simple for any engineers and phd to understand it until they become like a children again. Once they do, it's never gonna be the same..
happy trading to all.

R
  • #11,431
  • Jul 1, 2008 8:17pm Jul 1, 2008 8:17pm
Quoting mbqb11
I4b = an inside 4 bar, where the current bar has a smaller range, then the previous 3 bars, and is contained within the previous bars high - low.
According to this definition, I don't think that the last bar on u/j is an I4B - it's just an IB. Is this correct? Just trying to get all of my PA terms straight.

Thanks,
Brian
  • #11,432
  • Edited 9:09pm Jul 1, 2008 8:29pm | Edited 9:09pm
Will a double Pin Bar, Inside Bar (off a PPZ) show super duper powers if it breaks to the upside? Should be fun to find out.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #11,433
  • Jul 1, 2008 9:13pm Jul 1, 2008 9:13pm
Mortal Lock.

(Love your posts!)


Quoting jarroo
Will a double Pin Bar, Inside Bar (off a PPZ) show super duper powers if it breaks to the upside? Should be fun to find out.
I'm pretty much done with all this ...
  • #11,434
  • Jul 1, 2008 9:47pm Jul 1, 2008 9:47pm
Quoting byorkFX
According to this definition, I don't think that the last bar on u/j is an I4B - it's just an IB. Is this correct? Just trying to get all of my PA terms straight.

Thanks,
Brian
Hey Brian

It technically has a smaller range then the previous 3 bars. Not by much, but it does.

Hope that helps

Mike
  • #11,435
  • Jul 1, 2008 9:54pm Jul 1, 2008 9:54pm
Quoting StoragePro
Mortal Lock.

(Love your posts!)

I had to take a pre-break small long position at 105.82 just for the sheer potential of this move. S/l at the bottom of 6/30/08 PB.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #11,436
  • Jul 1, 2008 11:51pm Jul 1, 2008 11:51pm
Hello. A weeny question if I may:- regarding pin bars, must I wait for the second eye on the right? Or would it suffice to see the first eye and a nice protruding nose to say yes, it is a Pinocchio grinning!?

Thanks for the clarification!
I am JuMPeR.
  • #11,437
  • Jul 2, 2008 12:07am Jul 2, 2008 12:07am
Quoting jumper
Hello. A weeny question if I may:- regarding pin bars, must I wait for the second eye on the right? Or would it suffice to see the first eye and a nice protruding nose to say yes, it is a Pinocchio grinning!?

Thanks for the clarification!
yep correct the most important is the left eye.


-Mike
  • #11,438
  • Jul 2, 2008 12:47am Jul 2, 2008 12:47am
Quoting raczekfx
It could be, I don't know.. I like it simple and easy and don't subscribe to voodoo wave methods.

My core is ppz or s/r if you will,... and thanks to James for opening my eyes.
If you demo your trades around support/resistance for few months the lightbulbs should suddenly turn on and you will never look at any other system ever again. No ema crossovers, no dibs, no blackjack thingy.. . Charts will start talking to you, period.
It's sooooo.. simple, and this is exactly the reason why people don't see it. It's too simple for any engineers and phd to understand it until they become like a children again. Once they do, it's never gonna be the same..
happy trading to all.

R
You summed it up nicely my friend.
Mr. Trend
  • #11,439
  • Jul 2, 2008 4:15am Jul 2, 2008 4:15am
Quote
My core is ppz or s/r if you will,... and thanks to James for opening my eyes.
If you demo your trades around support/resistance for few months the lightbulbs should suddenly turn on and you will never look at any other system ever again. No ema crossovers, no dibs, no blackjack thingy.. . Charts will start talking to you, period.
It's sooooo.. simple, and this is exactly the reason why people don't see it. It's too simple for any engineers and phd to understand it until they become like a children again. Once they do, it's never gonna be the same..



Hello raczekfx,

Simplicity is the most difficult task. Life is simple, human unfortunatly not.

Personnaly, Finding PPZ at first is my main trading job. I mean that Support/Resistance zones WHERE set-up occurs are far more important than the set-up itself. Trading between two PPZ is very dangerous and not rewarding.

This is just my humble opinion.........

Thanks

Cheers

Angel65
  • #11,440
  • Jul 2, 2008 4:23am Jul 2, 2008 4:23am
Quote
If you demo your trades around support/resistance for few months the lightbulbs should suddenly turn on and you will never look at any other system ever again. No ema crossovers, no dibs, no blackjack thingy.. .


Raczekfx,

I know what you mean by 'jumping from system to another system'

It's like a dog chasing his tail.

Thanks

Happy trading to all,

Angel65
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