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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

  • #12,961
  • Aug 22, 2008 1:37am Aug 22, 2008 1:37am
Quoting NuckingFuts
How did you know I'm a bundaholic?
well, ... isn't that stuff still flowing through your water supply or something like that? sheesh, you can't help yourself ...
"Believe nothing you hear and half of what you see." Proverb
  • #12,962
  • Aug 22, 2008 1:41am Aug 22, 2008 1:41am
Quoting jarroo
Errol Flynn exploits.
to put it mildly ...
"Believe nothing you hear and half of what you see." Proverb
  • #12,963
  • Aug 22, 2008 3:39am Aug 22, 2008 3:39am
Quoting fxgrinder
i have a question about your advanced entry ... do you wait until it breaks and then play the possible retrace you highlighted or simply enter at those points?
I don't need a break. Not if it's convincing enough.
Depends on positioning.

Just to let you know I haven't even thought about this as a trade yet. Was more about giving a couple of examples to answer Cosgrove's question. I should have been clearer about that.

Might be alright still , after taking a quick look.

Looking again...

..There you go , is bouncing off of a trend line that looks alright, with the exception of early August 2007.

Do your own analysis, of course.
Bundy's status today: "Waiting..."
  • #12,964
  • Aug 22, 2008 3:41am Aug 22, 2008 3:41am
NZDUSD daily chart looks like the price met the resistance and now its going dow to 0.68 area, so nice gains to be made.
lol
  • #12,965
  • Aug 22, 2008 4:22am Aug 22, 2008 4:22am
Quoting 2mas
Hi eraserhead,
I don't mean anything but out of the 12 Pinbars you highlighted, 7 are not PB at all, even by adding bars together!!
As SL mentioned before that we are all adults, so if you want to skip a lesson (homework) from the teacher, then go ahead but don't blame him if you fail the exam.
Jim said it tens of times, if you can't be profitable trading daily and weekly then you'll be toast on a smaller TF.

just my 2 cents
Good luck

Edit: Just to add that James mentioned in one of his posts, 2-3 weeks ago, that EJ chart is one chart that he couldn't find anything like A+ trade, i just don't remember exactly was it the daily or weekly. one.
Thanks to everybody, I was just wondering. It was not my goal to post doubts about james16 TS. Is there a pdf files witch resume all the major james16 notions?
  • #12,966
  • Aug 22, 2008 4:31am Aug 22, 2008 4:31am
Quoting Pring
Hold on a minute, are you the James thread Police or something? I could get very funny over the facts that someone is making money off the back of my work! Not only that, they are poorly representing it too!

I'm not rude at all, I state the facts.

If my experience is not welcome here then anyone who wants to learn from the mere guy who actually founded the Pinbar and other successful methods will have to visit my site or buy my material if they want to learn to learn it properly.

If not, just follow this guy who doesn't cover it properly, suit yourself buddy, either way it will not affect me, just you pocket!

This is the exact reason I don't as a rule post on public boards.
Another one for the "ignore" button.
  • #12,967
  • Aug 22, 2008 4:52am Aug 22, 2008 4:52am
Quoting jarroo
Your professionalism needs a little work. Too bad for that.
I was thinking the same thing.

I hope it's not really Pring. I'd be disappointed if he is just as this poster has represented so far ...Criticising someone before reading all their material.

I'll give the benefit of the doubt for now. It's easy to be misread, as we all know.
Bundy's status today: "Waiting..."
  • #12,968
  • Edited 5:07am Aug 22, 2008 4:56am | Edited 5:07am
I've kicked out the "buy my book" posts and I would like to ask those that have quoted him to edit their posts accordingly.

Whether Pring is really Pring remains to be seen.

Also credit was given to Pring at the very start of this thread, including IIRC with a positive recommendation of his work. So even if genuine, this is a bit over the top / unprofessional behavior. It sounds like Microsoft trying to patent the double click if you're claiming to patent the pin bar, which, as a dragonfly doji, hammer, etc pp in various varations and use has been around 400+ years.

So it seems to me that an impersonation by a troll is much, much more likely and I moderated the two "worst" posts accordingly. I am waiting for Twee to investigate the rest.

Maybe logging the IP of the person who registered as him and then forwarding it to the real Pring just in case might help settle this as well. I am sure people would really like to know if their name is being abused and their identitiy impersonated.
Especially if a "name" and positive reputation is at stake.

Edit: Found Jim's reference:
http://www.forexfactory.com/showpost...postcount=1284

and another mention
http://www.forexfactory.com/showpost...ostcount=10634
Trust price. Know yourself.
  • #12,969
  • Aug 22, 2008 5:08am Aug 22, 2008 5:08am
Quoting bundyraider
Eur/Jpy Take 2

The way I'm trading it...
Bundy, THANKS A LOT for the detailed explanation, very useful to see how the analysis works.
One Chart is Worth Ten Thousand Words.
  • #12,970
  • Aug 22, 2008 5:14am Aug 22, 2008 5:14am
Quoting bundyraider
I got curious. Maybe not what I thought after all...

"In Like Flynn"

.
I checked it out too - there are some conflicting opinions, looks like both Flynn and Flint are OK, depending on the meaning. "Exploits" ("an easy lay" ) is covered by "Flynn"
One Chart is Worth Ten Thousand Words.
  • #12,971
  • Aug 22, 2008 5:17am Aug 22, 2008 5:17am
Quoting bundyraider
You're welcome here if you intend to be constructive and respectful, but from the get go you have criticised a well respected guy around here , and in his own thread! ...What would you expect if the same had happend to you?

It's easy for anyone to represent anyone else for the purpose of disrupting a forum. We call them 'Trolls' and all you've done so far is create doubt about your true identity or intentions.

One hellava marketing plan.
Indicators show the past. Price Action "Indicates" the future.
  • #12,972
  • Aug 22, 2008 5:17am Aug 22, 2008 5:17am
Quoting eraserhead
Thanks to everybody, I was just wondering. It was not my goal to post doubts about james16 TS. Is there a pdf files witch resume all the major james16 notions?
Scroll to the top of the page and look for a paper clip on the right hand side. Click on it, then in the new window, again at top right, click on hide images.
Good Trading
  • #12,973
  • Aug 22, 2008 5:42am Aug 22, 2008 5:42am
Quoting eraserhead
Thanks to everybody, I was just wondering. It was not my goal to post doubts about james16 TS. Is there a pdf files witch resume all the major james16 notions?
With at least the first 30-40 pages of this thread, save the images from Jim (james16) to your hard drive and study them until it is well embedded into your head. Explanations are included.
  • #12,974
  • Aug 22, 2008 5:43am Aug 22, 2008 5:43am
Quoting fxgrinder
well, ... isn't that stuff still flowing through your water supply or something like that? sheesh, you can't help yourself ...
Oh man, I wish!!
  • #12,975
  • Aug 22, 2008 5:45am Aug 22, 2008 5:45am
Quoting eraserhead
Thanks to everybody, I was just wondering. It was not my goal to post doubts about james16 TS. Is there a pdf files witch resume all the major james16 notions?
Aud's on to it.

One tip. Of all those bars/candles you identified, you'd have narrowed a lot of the bad ones out by filtering down to bars that 'close' in the relevant quarter of the price range.

i.e. Bullish pin would close in the top quarter, Bearish pin in the bottom quarter. ...It's not exact, but limiting to those parameters should be good for learning with.
Bundy's status today: "Waiting..."
  • #12,976
  • Aug 22, 2008 5:49am Aug 22, 2008 5:49am
Quoting bundyraider
You're welcome here if you intend to be constructive and respectful, but from the get go you have criticised a well respected guy around here , and in his own thread! ...What would you expect if the same had happend to you?

It's easy for anyone to represent anyone else for the purpose of disrupting a forum. We call them 'Trolls' and all you've done so far is create doubt about your true identity or intentions.


Hello, everybody on this awesome Thread.

I haven't read the whole Thread yet, and it's my first post here, but what I've learned here is, that everyone is nice and kind to help each other, espacially the noobs (like me).
And I'm getting angry over people like pring ( or who he really might be) who only want to spoil this. You call them Troll, I call them A..h... (sorry couldn't resist).
Thank you all for your kindness and your benefit. I know we can learn a lot from you all. (sorry if me english isn't perfect, i'm writing from germany)

cadric
  • #12,977
  • Aug 22, 2008 6:01am Aug 22, 2008 6:01am
Quoting aud
Scroll to the top of the page and look for a paper clip on the right hand side. Click on it, then in the new window, again at top right, click on hide images.
So sweet folks around here. Thanks Aud!
  • #12,978
  • Aug 22, 2008 6:02am Aug 22, 2008 6:02am
Quoting cadric
Hello, everybody on this awesome Thread.

I haven't read the whole Thread yet, and it's my first post here, but what I've learned here is, that everyone is nice and kind to help each other, espacially the noobs (like me).
And I'm getting angry over people like pring ( or who he really might be) who only want to spoil this. You call them Troll, I call them A..h... (sorry couldn't resist).
Thank you all for your kindness and your benefit. I know we can learn a lot from you all. (sorry if me english isn't perfect, i'm writing from germany)

cadric
Your english is great cadric.

You're right about the helpfulness here.

With new people gaining experience and then being willing 'putting back in' ,over time I can't see this thread dying out. Not for a very long time.
Bundy's status today: "Waiting..."
  • #12,979
  • Aug 22, 2008 6:28am Aug 22, 2008 6:28am
Hi guys,

Could you clarify the following, please:

Some of you mentioned - as an option - entering a PB at 61.8 retracement. How do you draw Fibo in that case: from the top of the PB to its bottom or vice versa (see the enclosed charts)?

If the price does not retrace that much at all, do you then enter right away after the smaller retracement reversed?

Many thanks!!
Attached Images
One Chart is Worth Ten Thousand Words.
  • #12,980
  • Aug 22, 2008 6:33am Aug 22, 2008 6:33am
Quoting Forex007
Hi guys,

Could you clarify the following, please:

Some of you mentioned - as an option - entering a PB at 61.8 retracement. How do you draw Fibo in that case: from the top of the PB to its bottom or vice versa (see the enclosed charts)?

If the price does not retrace that much at all, do you then enter right away after the smaller retracement reversed?
You draw the fib from the bottom of the bar to the top of the bar in question(regardless of BUOB or PB). This puts 100% at the bottom(160.15) and .618 roughly at 160.95 on IBFX for example.
You should decide how you handle your entry beforehand and if you don't get a retrace entry, you can always place the normal "on break" entry above the bar + spread + yourchoiceofpipsbuffer. Just be careful you don't trigger both and double your risk inadvertently.

Other things such as s/r and "eye levels" can come into play as well however, so it's not just all about fibs imho.

Bundy does a great job of breaking things down.
Trust price. Know yourself.
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