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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

  • #17,961
  • Jan 6, 2009 7:54pm Jan 6, 2009 7:54pm
Yeah yeah yeah. But I already bought my Scalples! Tell me where to cut.

Sounds kinda silly doesn't it & it is.

I hope this doesn't sound vain but;
If Traders are Doctors;
Successfull Traders are Surgeons.

And, btw, you aint cuttin' nobody till you advance through that doctor bit with prowess.

{no offence to the medical profession. I thank you all}

This is about getting a clue on the money transferr & Then Knowing yourself. The Latter being more critical.
  • #17,962
  • Jan 6, 2009 8:02pm Jan 6, 2009 8:02pm
Quoting mbqb11
you will think very differently
Hello Mike and J16ers!

Even though I am not exactly trading in quite the same
way (same TF or bar patterns) as the methodology followed
here, this thread helps me in a big way! I will always read this
thread. By far the best thing at FF IMO.

Like you say...you look at things and think from a new and
improved perspective.

Thanks!
Brent

BTW: Happy New Year!
  • #17,963
  • Jan 6, 2009 8:12pm Jan 6, 2009 8:12pm
WELL IM BACK after a great little trip to the mountains of northern new mexico and southern colorado. got some catching up to do i see. next year should find this thread taking its next step. me and fijitrader are working on that this month. i sure wish fij would get back involved at forex factory but i guess when your retired in paradise you can do what you want.

lol,

jim
  • #17,964
  • Jan 6, 2009 8:16pm Jan 6, 2009 8:16pm
Quoting james16
WELL IM BACK after a great little trip to the mountains of northern new mexico and southern colorado. got some catching up to do i see. next year should find this thread taking its next step. me and fijitrader are working on that this month. i sure wish fij would get back involved at forex factory but i guess when your retired in paradise you can do what you want.

lol,

jim
welcome back James.
"Don't trade to trade . . . trade to win." - James16
  • #17,965
  • Jan 6, 2009 8:24pm Jan 6, 2009 8:24pm
Quoting Trygvw
Martin Pring says he named the Pinbar after Pinnochio because of the nose and that the price is telling a lie. Looks like the dollar index has been liyng to us today. Let`s see if it can break down and get some punishment tomorrow. It could possibly turn out to be a nice little move if the retrace since Christmas turns out to be an A-B-C correction.

Have a good night everybody

T
which broker is this MT4?

thanks in advance.
  • #17,966
  • Edited 8:37pm Jan 6, 2009 8:29pm | Edited 8:37pm
Quoting dkmb92
hi all. i have done some research into many different styles of trading in an effort to find one that i wish to pursue. i know i only want to position or swing trade larger time frames (i have a day job). i have read some into the james16 method and wish to learn all about it. its not that i dont want to read thru the entire thread, but i just dont have the time. this thread has gotten pretty long. has anyone put together a comprehensive summary guide to this method? in .pdf format? so that i can read it and then jump right into the current posts....
I think you can find some basic stuff from the attachment in this thread. It worth reading the whole thread. To summarize: when you read, focus on PPZ, Pinbar, Outside bar, location of the PA from post by senior members: James16,Bundy,SeekingLight,mbqb11,Jarroo,raczekfx,Ghous. Post by them are most precious. It worth the read.

I JUST FINISHED READING THIS WHOLE THREAD!!!

Salut James16 and seniors
  • #17,967
  • Jan 6, 2009 8:30pm Jan 6, 2009 8:30pm
Hi and welcome back James.
What do you guys think of this pin? It does look a bit more like a doji though on another feed that I keep an eye on...
Thanks for your comments.
Sebastien
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  • #17,968
  • Jan 6, 2009 8:34pm Jan 6, 2009 8:34pm
Quoting arcus
I think you can find some basic stuff from the attachment in this thread. It worth reading the whole thread. To summarize: when you read, focus on PPZ, Pinbar, Outside bar from post by senior members: James16,Bundy,SeekingLight,mbqb11,Jarroo,raczekfx,Ghous. Post by them are most precious. It worth the read.

I JUST FINISHED READING THIS WHOLE THREAD!!!

Salut James16 and seniors

I agree. I read the whole thing recently as well. If you want to be an expert at something you need to put in your 10,000 hours. Well, reading this whole thread put me halfway there
  • #17,969
  • Jan 6, 2009 9:18pm Jan 6, 2009 9:18pm
Quoting raczekfx
closing 3/4 of my e/g as I type...
Interesting Rac...

I am looking at 0.86 as somewhat my final target...
Attached Image
I believe . . .
  • #17,970
  • Jan 6, 2009 9:20pm Jan 6, 2009 9:20pm
Quoting james16
WELL IM BACK after a great little trip to the mountains of northern new mexico and southern colorado. got some catching up to do i see. next year should find this thread taking its next step. me and fijitrader are working on that this month. i sure wish fij would get back involved at forex factory but i guess when your retired in paradise you can do what you want.

lol,

jim
Hey Jim,

Welcome back...

I was beginning to think we here have escaped your attention somehow.lol!

I was wrong ofcaorse

Anyways how did your vacation go? I've seen those Mexican landscapes in pictures, seems you would have had a great one

Regards,
Ghous.
I believe . . .
  • #17,971
  • Jan 6, 2009 9:46pm Jan 6, 2009 9:46pm
Sebastian,
The formation is a valid pinbar on my feed. I passed on this one because of the location of the pinbar. There is no solid resistance that caused the pinbar to form that I can see. The location is MUCH more important than the formation. I attached a chart for reference. The blue shaded area is where I would pull the trigger if a PA formation appeared.

Scott

Quoting OGW
Hi and welcome back James.
What do you guys think of this pin? It does look a bit more like a doji though on another feed that I keep an eye on...
Thanks for your comments.
Sebastien
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  • #17,972
  • Jan 6, 2009 10:14pm Jan 6, 2009 10:14pm
your advice does help & i will follow it. i am not in a hurry to jump in and start losing money quite yet. i already know all the basics of the market. i just want to learn the best way to participate. i am staying away from "systems" and indicators. since i want to be a buy & hold for a few days to few weeks i also need to figure out whether i want to trade the futures market instead of forex. ah...so much to learn & too little time...but i am already past the point of no return. i want to do this and i will do whatever is necessary. thx again.
  • #17,973
  • Jan 6, 2009 10:32pm Jan 6, 2009 10:32pm
Quoting ghous
Interesting Rac...

I am looking at 0.86 as somewhat my final target...
.
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  • #17,974
  • Jan 6, 2009 10:35pm Jan 6, 2009 10:35pm
Quoting phpscott
Sebastian,
The formation is a valid pinbar on my feed. I passed on this one because of the location of the pinbar. Scott
Hi Scott,
Thank you for your reply, it might come up a bit more indeed, but we might also see some retracement first... Sebastien
  • #17,975
  • Jan 6, 2009 10:42pm Jan 6, 2009 10:42pm
First time poster here in this thread. Thanks to all the contributors and most of all to Jim. I've rededicated myself to studying and applying PA since starting this thread. In any event, anyone else see the Pinnochio bar on the EURCHF weekly chart. I am sure its not too late to take advantage of it. Maybe go down to the next couple lower TFs and pick your spot? Comments and criticisms welcome. May be forming a double top on the 4hr. Maybe wait for it to break through the 4r double top to confirm a break through the 38 fib instead of bouncing back down to the 23, trading in a range.
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  • #17,976
  • Jan 6, 2009 10:52pm Jan 6, 2009 10:52pm
Quoting johnnyonspot
...I've rededicated myself to studying and applying PA since starting this thread. ...
Just wondering, do you know how that centerline of your BB is Calculated?
  • #17,977
  • Jan 6, 2009 10:58pm Jan 6, 2009 10:58pm
Very funny! I forgot it was even there. I rarely look at this pair.
  • #17,978
  • Jan 6, 2009 11:03pm Jan 6, 2009 11:03pm
i tip my hat to you arcus. no small task for sure. your focus suggestions would be mine also with a few extras like always treating this like a business.

jim

Quoting arcus
I think you can find some basic stuff from the attachment in this thread. It worth reading the whole thread. To summarize: when you read, focus on PPZ, Pinbar, Outside bar, location of the PA from post by senior members: James16,Bundy,SeekingLight,mbqb11,Jarroo,raczekfx,Ghous. Post by them are most precious. It worth the read.

I JUST FINISHED READING THIS WHOLE THREAD!!!

Salut James16 and seniors
  • #17,979
  • Jan 6, 2009 11:04pm Jan 6, 2009 11:04pm
I got two questions. Looking at U/CHF chart, is this consider as confluence even though the distance between the PPZ and 50Fib retracement is big like in the chart? And how would you trade this PB (I know the close is not in the previous bar, assume it's a PB lol), and then when look at the weekly chart, the upmove is strong (I assume maybe strong bullish). I know Mike would trade each timeframe differently. So, would you pass or take the PB? It's a bit confusing when daily pointing down and weekly pointing up. Hopefully any senior trader will help

Edit: Thanks Jim!
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  • #17,980
  • Jan 6, 2009 11:06pm Jan 6, 2009 11:06pm
welcome johnny,

if im reading your chart correctly the bar in question is not a true pin bar. its open and close are not within the prior bar. a lot of people make this mistake and it can be a deadly one.

jim

Quoting johnnyonspot
First time poster here in this thread. Thanks to all the contributors and most of all to Jim. I've rededicated myself to studying and applying PA since starting this thread. In any event, anyone else see the Pinnochio bar on the EURCHF weekly chart. I am sure its not too late to take advantage of it. Maybe go down to the next couple lower TFs and pick your spot? Comments and criticisms welcome. May be forming a double top on the 4hr. Maybe wait for it to break through the 4r double top to confirm a break through the 38 fib instead of bouncing back...
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