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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

  • #19,341
  • Jan 22, 2009 5:25am Jan 22, 2009 5:25am
Quoting RedA
Why on my chart it is not a pin par? I use FXDD. ...

If the platform uses different market time, the bar shape can change dramatically from one to another. So I am doubting the price action trade stategy we use.

Can anyone comment on this?
We trade them how we see them. The underlying price action is still the same, it just may not appear the same, especially with any time frame between 1hr and daily. This is because the brokers have different closing times, but the hourly will usually be the same and the daily will vary slightly. Remember this is a method vs a system.
  • #19,342
  • Jan 22, 2009 5:39am Jan 22, 2009 5:39am
Quoting sonicdeejay
mkt is ranging tight whole day...

Sonic
There she goes...
  • #19,343
  • Jan 22, 2009 6:56am Jan 22, 2009 6:56am
Hello everyone,
this is my first post in this thread .
Here is chart of Eur/Aud to watch.
The rectangle awaiting break..
Attached Image
  • #19,344
  • Jan 22, 2009 7:26am Jan 22, 2009 7:26am
Quoting johnbaem
It goes well..

How was that Ghous?

Attachment
Nice John,

It was a BEOB on my chart, but i don't see it on your's. Maybe you had a BEOB on another broker's feed...

I am interedted to know why you entered if it was the chart you posted on which you took the trade off...

Anyways congrats bro

Regards,
Ghous.
I believe . . .
  • #19,345
  • Jan 22, 2009 7:28am Jan 22, 2009 7:28am
Quoting Pipshower
Hello everyone,
this is my first post in this thread .
Here is chart of Eur/Aud to watch.
The rectangle awaiting break..
Hi Pipshower,

Nice username lol!

Welcome onboard

It's great to see you want to kick start things off on the daily

Regards,
Ghous.
I believe . . .
  • #19,346
  • Jan 22, 2009 7:57am Jan 22, 2009 7:57am
Quoting ghous
Hi Pipshower,

Nice username lol!

Welcome onboard

It's great to see you want to kick start things off on the daily

Regards,
Ghous.
Thanks for it Ghous.

Been trading daily , H4 and weekly only for last 6 years .

Have been using price action exclusively for trades.

This is the thread that i must call is filled with those 5% successful traders!

Regards
Pipshower
  • #19,347
  • Jan 22, 2009 8:13am Jan 22, 2009 8:13am
Quoting Pipshower
Thanks for it Ghous.

Been trading daily , H4 and weekly only for last 6 years .

Have been using price action exclusively for trades.

This is the thread that i must call is filled with those 5% successful traders!

Regards
Pipshower
Welcome to the thread! Do you use similar price action formations to James16?
  • #19,348
  • Jan 22, 2009 8:27am Jan 22, 2009 8:27am
Quoting libertao
Welcome to the thread! Do you use similar price action formations to James16?
Thank you libertao.
Almost similar to James16 .
Actually the price action is universal what will vary is the presentation pattern and terms that we use for various PA formations .

Here is monthly chart for NZD/USD
Look at that retest we have done of broken monthly strong PPZ turned resistance now.



Regards
Pipshower
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 10 KB
  • #19,349
  • Jan 22, 2009 9:33am Jan 22, 2009 9:33am
Also USD/CAD at important box level .
The break of it to either side will decide a long term move on USD/CAD lasting at least months to years .
I am attaching both Monthly and weekly charts here for you to have a look.
I hope i am not overcrowding with my posts on this clean and clear thread.
If i am doing so let me know .


Regards
Pipshower
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 9 KB
Click to Enlarge Name: usdcadweek.gif Size: 12 KB
  • #19,350
  • Jan 22, 2009 9:35am Jan 22, 2009 9:35am
Quoting Pipshower
Also USD/CAD at important box level .
The break of it to either side will decide a long term move on USD/CAD lasting at least months to years .
I am attaching both Monthly and weekly charts here for you to have a look.
I hope i am not overcrowding with my posts on this clean and clear thread.
If i am doing so let me know .


Regards
Pipshower
Hey Pipshower,

Welcome to the thread

You are certainly not crowding with your posts. These box areas are very important and James always tries to show this too. Price boxes, breaks away, boxes over and over.

So post away !

Mike
  • #19,351
  • Jan 22, 2009 10:08am Jan 22, 2009 10:08am
Hello James and to everyone on this thread.

I was wondering if you can have a webinar for people who need assistance understanding charts signals. etc. Basically I am looking for people like you with all the experience during many years to help me trade like the pro. I know I can buy tons of books or e books but there is nothing like experienced trader.
If you think this is something you can spare time to do (not for free) I will be interested.

Thank You
Rebecca
  • #19,352
  • Jan 22, 2009 10:14am Jan 22, 2009 10:14am
Quoting matalons
Hello James and to everyone on this thread.

I was wondering if you can have a webinar for people who need assistance understanding charts signals. etc. Basically I am looking for people like you with all the experience during many years to help me trade like the pro. I know I can buy tons of books or e books but there is nothing like experienced trader.
If you think this is something you can spare time to do (not for free) I will be interested.

Thank You
Rebecca
Hi Rebecca,

I'm pretty new to this thread myself. I've started at the beginning of the thread and am moving through gradually .... learnt stax so far.

Have you heard about the J16 Private Forum. Would imagine that would be a good place to start .... I believe there is all sorts of training etc over there.
Check it out at:
http://www.james16group.us/index.html

Perhaps some of the other members on this thread could provide more details.

Good luck with your trading.
Cheers
MM
  • #19,353
  • Jan 22, 2009 10:24am Jan 22, 2009 10:24am
Here is an area on the usd/chf worth some price action
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 18 KB
I believe . . .
  • #19,354
  • Jan 22, 2009 10:25am Jan 22, 2009 10:25am
Quoting MinceMeat
Hi Rebecca,

I'm pretty new to this thread myself. I've started at the beginning of the thread and am moving through gradually .... learnt stax so far.

Have you heard about the J16 Private Forum. Would imagine that would be a good place to start .... I believe there is all sorts of training etc over there.
Check it out at:
http://www.james16group.us/index.html

Perhaps some of the other members on this thread could provide more details.

Good luck with your trading.
Cheers
MM
Yes, go to the guest area where there are some free videos.
  • #19,355
  • Jan 22, 2009 10:32am Jan 22, 2009 10:32am
Quoting ghous
Here is an area on the usd/chf worth some price action
Yes, either a short or up to 1.1900.
  • #19,356
  • Jan 22, 2009 10:34am Jan 22, 2009 10:34am
Quoting matalons
Hello James and to everyone on this thread.

I was wondering if you can have a webinar for people who need assistance understanding charts signals. etc. Basically I am looking for people like you with all the experience during many years to help me trade like the pro. I know I can buy tons of books or e books but there is nothing like experienced trader.
If you think this is something you can spare time to do (not for free) I will be interested.

Thank You
Rebecca
Hi Rebecca,

Just as Mincemeat suggested the Jim's Personal forum is the thing for you.

However I would still recommend that before you venture into the PF you should spend some time here at the FF thread as most of the ppl that are on the PF are here too and just as helpful, and it's basically the additional tolols and utilities that are available on the PF that make it so special.

My advice to you is that for a month or two you should undergo your education here only on this thread by going through the entire thread and then asking anything you seem to be confused abt,

Next you should visit the guest section at the PF and go through the free stuff available (webinar excerpts from Jim and Mik are GREAT)

If doing all of this does'nt "shoo" you away from us or this methdology and you're confident and convinced abt this stuff the PF is always open

Regards,
Ghous.
I believe . . .
  • #19,357
  • Jan 22, 2009 10:35am Jan 22, 2009 10:35am
Quoting ghous
Here is an area on the usd/chf worth some price action
Ghous, good eye.

It appears that the bottom of the current daily bar (at least on my feed) is close to 1.5000.

I have a PPZ drawn at 1.5000, and it appears to be a decent PPZ line (would love your feed back on this).

If I was to take a break of the daily IB, I would trade well below the 1.5000 level (1.4975), or maybe wait for a break, then pull back to 1.5000, and then go short.

What do you think of this level?
  • #19,358
  • Jan 22, 2009 10:36am Jan 22, 2009 10:36am
Quoting MinceMeat
Hi Rebecca,

I'm pretty new to this thread myself. I've started at the beginning of the thread and am moving through gradually .... learnt stax so far.

Have you heard about the J16 Private Forum. Would imagine that would be a good place to start .... I believe there is all sorts of training etc over there.
Check it out at:
http://www.james16group.us/index.html

Perhaps some of the other members on this thread could provide more details.

Good luck with your trading.

Cheers
MM
Thank you very much, Do you know if I can actually learn from the beginning? The reason I'm asking is just because I want to understand what they discuss in their forum and be on the same page with them.

Thanks again

Rebecca
  • #19,359
  • Jan 22, 2009 10:43am Jan 22, 2009 10:43am
(didn't want to ask this in broker section as it relates to 4hr price bars that we trade here)

I am on the look out for a new fx broker that i can trade micro lots with to prevent me doing any more harm to my account.
I can see that many of you use a vareity of mt4 brokers -alpari, ibfx, fxpro seem to be the main ones and i am sure they are all similar. i know some of you only use them for charting and use oanda etc for execution

my question though is...
i currently use IG and their server is gmt so my bars open/close at 8am/12pm/4pm/8pm/12am/4am GMT - so these are the times i am busiest.

if i use a US broker eg fxpro or ibfx which i think are EST so 5 hrs behind -(those of you based in the US EST are checking bars at 8am/12pm/4pm etc your time?)
so that would mean then that my busy times would change to 9am/1pm/5pm/9pm etc GMT

think that makes sense.

thanks

Simon
  • #19,360
  • Jan 22, 2009 10:45am Jan 22, 2009 10:45am
Quoting ghous
Hi Rebecca,

Just as Mincemeat suggested the Jim's Personal forum is the thing for you.

However I would still recommend that before you venture into the PF you should spend some time here at the FF thread as most of the ppl that are on the PF are here too and just as helpful, and it's basically the additional tolols and utilities that are available on the PF that make it so special.

My advice to you is that for a month or two you should undergo your education here only on this thread by going through the entire thread and then asking anything...
Thank You so much, you guys very helpful, glad I found you !
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