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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

  • #20,001
  • Jan 30, 2009 3:03pm Jan 30, 2009 3:03pm
Quoting gannina
When finding confluences for daily chart trades I use the monthly, weekly, and daily time frames to find pivot zones, trend lines, s/r, and fib retraces.

If I would trade off the h1 or h4, do you guys recommend I still use the same time frames to find confluences, or should I focus more on the h1, h4, and daily and ignore the weekly and monthly? Thanks!
There are a couple of ways to "cut the cake" on this one so to speak,

You can look for confluence on the higher TF's, then leave them on the chart and "zoom in" to the action on Four hour. That is personally what I do.

My personal thoughts on it are the confluence on the higher timeframes are stronger, thats what I look for.
  • #20,002
  • Jan 30, 2009 3:07pm Jan 30, 2009 3:07pm
Quoting jarroo
I felt that envy too . . . ghous is like 18 years old . . . reading some of his posts he sounds like an old pro.

When I was 18, my concentration was Wine, Women and Song (partying). lol
Hey c'mon Jarroo, Im 20 and I do all of the Wine, Women and Song stuff. As well as keeping an eye on 30 or so markets on the daily :nerd:

As Snoop Dogg would say, "Keep my mind on my money and my money on my mind"

  • #20,003
  • Jan 30, 2009 3:07pm Jan 30, 2009 3:07pm
Quoting ghous
Waiting for 1.25, my first target area...
Nice hit ghous.
Indicators show the past. Price Action "Indicates" the future.
  • #20,004
  • Jan 30, 2009 3:10pm Jan 30, 2009 3:10pm
Quoting Jigsaw
Hey c'mon Jarroo, Im 20 and I do all of the Wine, Women and Song stuff. As well as keeping an eye on 30 or so markets on the daily :nerd:

As Snoop Dogg would say, "Keep my mind on my money and my money on my mind"

Your 20 years old? That's fantastic. You got a great future ahead my friend.
Indicators show the past. Price Action "Indicates" the future.
  • #20,005
  • Jan 30, 2009 3:16pm Jan 30, 2009 3:16pm
Quoting jarroo
Your 20 years old? That's fantastic. You got a great future ahead my friend.
I can see a lot of young people here. Nice. How old are you Jarroo?
  • #20,006
  • Jan 30, 2009 3:16pm Jan 30, 2009 3:16pm
Quoting jarroo
Your 20 years old? That's fantastic. You got a great future ahead my friend.
Yeah, University takes up the majority of my time though. I had two free days during the week and had great intraday adventures on cable lol.

Jarroo, do your eyes not get sore with the white backround on the your charts ? I wanted to have charts that looked awesome like yours () but they hurt my eyes after a while . .
  • #20,007
  • Jan 30, 2009 3:20pm Jan 30, 2009 3:20pm
Quoting Jigsaw
There are a couple of ways to "cut the cake" on this one so to speak,

You can look for confluence on the higher TF's, then leave them on the chart and "zoom in" to the action on Four hour. That is personally what I do.

My personal thoughts on it are the confluence on the higher timeframes are stronger, thats what I look for.
That's correct.

It is the only way to play the 1 hour/4 hour TFs is off the Daily, Weekly and Monthly PPZs and their supporting confluences.
Indicators show the past. Price Action "Indicates" the future.
  • #20,008
  • Jan 30, 2009 3:23pm Jan 30, 2009 3:23pm
no time to post charts now but euro/usd still looking ripe for shorting carnage for next week . . .
"Don't trade to trade . . . trade to win." - James16
  • #20,009
  • Jan 30, 2009 3:25pm Jan 30, 2009 3:25pm
Quoting Jigsaw
Yeah, University takes up the majority of my time though. I had two free days during the week and had great intraday adventures on cable lol.

Jarroo, do your eyes not get sore with the white backround on the your charts ? I wanted to have charts that looked awesome like yours () but they hurt my eyes after a while . .
lol. No they don't get sore. White background saves my print ink. lol

Can't you change it to an off white or tan color?
Indicators show the past. Price Action "Indicates" the future.
  • #20,010
  • Jan 30, 2009 3:26pm Jan 30, 2009 3:26pm
Quoting arcus
I can see a lot of young people here. Nice. How old are you Jarroo?
47 years young.
Indicators show the past. Price Action "Indicates" the future.
  • #20,011
  • Jan 30, 2009 3:38pm Jan 30, 2009 3:38pm
Are you still trading DIBS Jarroo ? I love the trading for infinite yield document . . Whats your exit strategy for it ? Also, if you think bias is long for the day eventhough we DIB is "below" the daily open will you take it long ?

EDIT: I have tried tan . . Doesn't look as good
  • #20,012
  • Jan 30, 2009 4:05pm Jan 30, 2009 4:05pm
Quoting Jigsaw
1. Are you still trading DIBS Jarroo ? I love the trading for infinite yield document . . 2.Whats your exit strategy for it ? 3.Also, if you think bias is long for the day eventhough we DIB is "below" the daily open will you take it long ?
1. Due to time and availability to my "trading room" I haven't been trading DIBS recently.

2. Once a DIBS trades turns in to a longer term trade, I go into much of the trade management discussed on this thread. i.e., placing stops above/below PPZs, Profit targets as discussed by James16 and Mike, etc. I do try to let them run as Peter Crowns talks about but tend to end the trade when Price Action tells me to.

3. Trading the DIBS method with the overall trend and ingoring the DIBS trades against the trend has work out nicely over the last 5 months. The overall trend being defined on the Daily and Weekly. Just like a surfer waiting for that big wave.

I alot of people don't like the numberous small losses and break even trades it takes to endure to catch that big wave. Which is OK, DIBS is just a different approach to enter a given market.
Indicators show the past. Price Action "Indicates" the future.
  • #20,013
  • Jan 30, 2009 4:20pm Jan 30, 2009 4:20pm
Quoting jarroo
1. Due to time and availability to my "trading room" I haven't been trading DIBS recently.

2. Once a DIBS trades turns in to a longer term trade, I go into much of the trade management discussed on this thread. i.e., placing stops above/below PPZs, Profit targets as discussed by James16 and Mike, etc. I do try to let them run as Peter Crowns talks about but tend to end the trade when Price Action tells me to.

3. Trading the DIBS method with the overall trend and ingoring the DIBS trades against the trend has work out nicely over the last...
I agree with what you are saying with the trend being "defined" by PA, I like the DIBS method and don't mind the small losses at all. I think DIBS works well with the J16 Material.

Have you closed out your cable positions or are you still long ? I got a bit earlier in the week but hey, a profitable week is a profitable week.
  • #20,014
  • Jan 30, 2009 4:30pm Jan 30, 2009 4:30pm
Quoting Jigsaw
I agree with what you are saying with the trend being "defined" by PA, I like the DIBS method and don't mind the small losses at all. I think DIBS works well with the J16 Material.

Have you closed out your cable positions or are you still long ? I got a bit earlier in the week but hey, a profitable week is a profitable week.
Yes I'm still in my 2nd half and moved my stop loss just under 1.4200 level. I can't post a chart right now.
Indicators show the past. Price Action "Indicates" the future.
  • #20,015
  • Jan 30, 2009 4:35pm Jan 30, 2009 4:35pm
Quoting james16


did you know that your kinda cult status around here rac?
I've only heard of one Cult before, but if they want to start a cult of horizontal lines, so be it.
Many will be saved... but many will suffer..
  • #20,016
  • Jan 30, 2009 4:37pm Jan 30, 2009 4:37pm
Quoting jarroo
47 years young.
chasing by a hand full...
  • #20,017
  • Jan 30, 2009 4:47pm Jan 30, 2009 4:47pm
Quoting raczekfx
chasing by a hand full...
Your only as old as the women you feel.
Indicators show the past. Price Action "Indicates" the future.
  • #20,018
  • Jan 30, 2009 4:52pm Jan 30, 2009 4:52pm
Hi James, just a quick suggestion: If possible could you use the same screen capture software as Mike? The one you use creates videos that can only be played back on windows, my house is entirely Linux/OS X + one virtual copy of windows at a pinch.

I understand if this is inconvenient and if you can't do it, I'm not a member of the group and don't really have a place to say...
  • #20,019
  • Jan 30, 2009 4:58pm Jan 30, 2009 4:58pm
Quoting enculée
Hi James, just a quick suggestion: If possible could you use the same screen capture software as Mike? The one you use creates videos that can only be played back on windows, my house is entirely Linux/OS X + one virtual copy of windows at a pinch.

I understand if this is inconvenient and if you can't do it, I'm not a member of the group and don't really have a place to say...
Maybe you can find codec for your mac to play .wmv. Or try looking for software that could play wmw on mac, try VLC Player, I'm not sure whether it is available for mac but I think it is. It could play wmv though with slight glitch.
  • #20,020
  • Edited 7:40pm Jan 30, 2009 5:30pm | Edited 7:40pm
Hi arcus, the problem is not .wmv, it is the way that method of screen capture encodes the video - it can only be played back on computers running windows.

I forget the details exactly, something to do with Windows Media 9 screen codec; Mike's videos play back fine because they are encoded to the WMV9 standard.

I believe all that needs to be done is to change the setting in the windows media encoder profile that he is using from 'Windows Media 9 Screen' to 'Windows Media 9'.

Just a thought for those users not on a Windows pc.
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