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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

  • #12,181
  • Aug 3, 2008 11:49am Aug 3, 2008 11:49am
Quoting ghous
Hi Simon i am also favoring a short on Eu though i am not on it just yet, it still seems very much inevitable, the weekly shows that price has not been able to go past 1.6 even after trying it twice in quick succession which somewhat gives us a double top visible on the monthly chart, i can even see bearish divergence on the weekly which cannot be ignored if i were you i would never feel bad abt this ppz the overall picture sill gives a strong essance of a good bit of retracment as price looks to bounce off 1.6, i am still looking for a good confirmation of the short, the pin Aftab mentioned is right in the middle of some traffic and does'nt indicate much i need more of a confirmation but i still strongly anticpate a down move...

Best of luck with your short bro...

Regards,
Ghous.
Thanks Ghous! I'm an avid reader of your posts on this thread
If it's too good to be true, it probably is.
  • #12,182
  • Aug 3, 2008 12:48pm Aug 3, 2008 12:48pm
SeekingLight and ljr

Thanks for the info on brokers, I'll check em out.

Cheers Snip
  • #12,183
  • Aug 3, 2008 4:55pm Aug 3, 2008 4:55pm
Quoting fxid10t
Bearish Outside Vertical bar for a quick 90 minute $140.00

???????????????????????????????????????????????????????????????


GOD KNOWS I DID IT ALSO SEVERAL TIMES, BUT TO CALL IT A
BEOB?

cmmon....
  • #12,184
  • Aug 3, 2008 5:17pm Aug 3, 2008 5:17pm
Hi All

I am also on the learning curve so could i please ask an opinion on Usd/Cad as a possible short and Cad/Jpy as a long.

Thanks and Regards

Gerard
  • #12,185
  • Aug 3, 2008 5:50pm Aug 3, 2008 5:50pm
Quoting SeekingLight
These questions are the revealing ones that show who's been doing their homework and who hasnt

Now someone please tell me whether I just slept badly or whether they feel I have a point
You are right, SeekingLight, I should have done my homework (better). Thank you for guiding me in the right direction and for putting me on the right track.

Point taken, lesson learnt.

P.S. I guess it's the sheer size of the thread that put me off looking for an aswer myself - I did read most of Jim's posts, though (but, I think, failed to capture it all in my memory). Will do better next time
One Chart is Worth Ten Thousand Words.
  • #12,186
  • Edited 7:22pm Aug 3, 2008 6:42pm | Edited 7:22pm
Quoting Gerard212
Hi All

I am also on the learning curve so could i please ask an opinion on Usd/Cad as a possible short and Cad/Jpy as a long.

Thanks and Regards

Gerard
i don't trade the usd/cad so can't comment on that but i certainly can on the cad/jpy. to me momentum is a very important factor, i can clearly see the momentum tilted towards the bears right from 108.3 (the upper ppz on my chart) you're perhaps looking to play the bounce of that trendline, but then there is no major indication of any resisatnce good enough to bounce off the trendline except a PB that has so far failed so a long from here may not be a safe bet just yet. maybe wait for this candle to close acitivating the pin bar. so far it is far from going up so i guess the safest thing to do for you if you're looking for long is to wait for a proper bounce off the trendline rather that banking on that previous pin bar only or maybe wait for it to show some success through this candle??

but honestly speaking i won't be surprised if i see the bears bursting through china gate...
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I believe . . .
  • #12,187
  • Aug 3, 2008 7:48pm Aug 3, 2008 7:48pm
what do you guys think of the EUR/CHF pin that formed on the daily.

looks to me like it bounced off some nice long term resistance.
  • #12,188
  • Aug 3, 2008 8:04pm Aug 3, 2008 8:04pm
Quoting Jordann
what do you guys think of the EUR/CHF pin that formed on the daily.

looks to me like it bounced off some nice long term resistance.

Gotta chart? This is after all, the James16 Chart Thread.
Indicators show the past. Price Action "Indicates" the future.
  • #12,189
  • Aug 3, 2008 8:17pm Aug 3, 2008 8:17pm
Quoting jarroo
Gotta chart? This is after all, the James16 Chart Thread.

um um um how do you do that with metatrader again?
  • #12,190
  • Aug 3, 2008 8:24pm Aug 3, 2008 8:24pm
Dr.Geppynius, ghous, mamutot:

Thanks for your advice and I appreciate your reply from your own experiences. Let me see how I can benefit from this thread.

-FX_California
Quoting mamutot
well, i agree with your thinking, and the way i see it is that the first 60-100 pages of this thread is exactly what you are looking for since the first posts in here are exactly describing the main idea behind james' trading method.

i saw it 2 years ago and was amazed..you should try reading the first few pages - you wont stop..its like lord of the pips..



"fellowship of the pin.." that sounds awful...
whatever..
  • #12,191
  • Aug 3, 2008 8:26pm Aug 3, 2008 8:26pm
Quoting Jordann
um um um how do you do that with metatrader again?
To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart” at “600 x 600 pixels” the click “OK”
Save anywhere you want i.e. Desktop.
Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close the “Manage Attachments” window. Then make sure you hit the “Submit Reply” button that is under the “Manage Attachments” button.
Done.
Indicators show the past. Price Action "Indicates" the future.
  • #12,192
  • Aug 3, 2008 8:44pm Aug 3, 2008 8:44pm
thanks jarroo
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  • #12,193
  • Edited 9:16pm Aug 3, 2008 8:55pm | Edited 9:16pm
Quoting Jordann
thanks jarroo
That's better.

I like it, if your talking about the 7-31-08 PB. It is at a strong PPZ.
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Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #12,194
  • Aug 4, 2008 12:17am Aug 4, 2008 12:17am
Quoting Forex007
You are right, SeekingLight, I should have done my homework (better). Thank you for guiding me in the right direction and for putting me on the right track.

Point taken, lesson learnt.
Righto

Let's see what the week has in store for us.
Trust price. Know yourself.
  • #12,195
  • Aug 4, 2008 4:41am Aug 4, 2008 4:41am
Quoting james16
new chart
Hallo to every body,i'm just starting riding J16 method and i find it very interesting.But i have some question, if somebody can help me:

1) The Pinocchio bar means a drop ...correct?
if yes where is the entry point?

2) Double high/low also where should i look for an entry point?

Thanks for helping me.

Bye.
Patience is essential
  • #12,196
  • Aug 4, 2008 5:24am Aug 4, 2008 5:24am
Quoting benem
Hallo to every body,i'm just starting riding J16 method and i find it very interesting.But i have some question, if somebody can help me:

1) The Pinocchio bar means a drop ...correct?
if yes where is the entry point?

2) Double high/low also where should i look for an entry point?

Thanks for helping me.

Bye.

....read post 12179. And the attachment.
Regards, Michael
Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 997 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 935 downloads
  • #12,197
  • Aug 4, 2008 6:03am Aug 4, 2008 6:03am
Quoting benem
Hallo to every body,i'm just starting riding J16 method and i find it very interesting.But i have some question, if somebody can help me:

1) The Pinocchio bar means a drop ...correct?
if yes where is the entry point?

2) Double high/low also where should i look for an entry point?

Thanks for helping me.

Bye.
Hm, I thought Jacko's trainee would do better...

Have a look at SeekingLight's post in the previous couple of pages on doing the homework (that post had me in mind, so I passing the "lessons"
One Chart is Worth Ten Thousand Words.
  • #12,198
  • Aug 4, 2008 7:04am Aug 4, 2008 7:04am
Quoting manto
....read post 12179. And the attachment.
Regards, Michael
Thank you man....hope to give back the favour!!!
Patience is essential
  • #12,199
  • Aug 4, 2008 9:50am Aug 4, 2008 9:50am
I think eurusd get to Support level
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  • #12,200
  • Aug 4, 2008 10:00am Aug 4, 2008 10:00am
108.60 may be strong resistance
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