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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

  • #28,361
  • Apr 28, 2009 7:21am Apr 28, 2009 7:21am
Quoting g_j_hook@yah
jarro would love this!! lol
nice
i like dis gj hook, nice pullback with fib & ema confluence
im really enjoying myself nowadays with forex.....lol
happy trading all
Simplicity is the key to success
  • #28,362
  • Apr 28, 2009 7:58am Apr 28, 2009 7:58am
http://www.forexfactory.com/nfs/cust...tar74547_2.gifdkmb92



http://www.forexfactory.com/images/icons/icon1.gifso you dont mind a few people getting sick & dying so you can make a few bucks?

Hey man, chill. Just joking but did not mean to offend so sorry if I did.
The real joke is the way Yen strengthened because swine flu is in the States but not in Asia. Does anyone really believe it wo'nt spread there? Just a matter of time.
They say the markets are run by fear and greed. Better add 'ignorance' from now on.
  • #28,363
  • Apr 28, 2009 7:59am Apr 28, 2009 7:59am
Quoting squeezy
check the audjpy 4hr...sweet imo
365 ema confluence
sweet pin
Hmm... got a chart?
  • #28,364
  • Apr 28, 2009 8:30am Apr 28, 2009 8:30am
Nice divergence as well
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 28 KB
  • #28,365
  • Apr 28, 2009 8:31am Apr 28, 2009 8:31am
Quoting Jduester
Hmm... got a chart?
yeah! no problem, a bit skeptic about posting it though ,since i took the trade...dnt want it to be like im going against my own words of sticking to higher tf but im trying out trailing methods ,dats y im it ......
im really concerned wit cutting losses short so im testing something ( u kno they say experience is the main thing)

ps: sorry was having pc issue, wld hav sent this earlier
Attached Image (click to enlarge)
Click to Enlarge Name: 18.1.gif Size: 17 KB
Simplicity is the key to success
  • #28,366
  • Apr 28, 2009 8:36am Apr 28, 2009 8:36am
Quoting daveadamsbds
I took the Aud/Jpy long. Looking to get to b/e close to 68.
Would'nt mind too much if a case of swine flu turned up in Asia in the next few minutes.
you shouldnt even joke about that
  • #28,367
  • Apr 28, 2009 8:50am Apr 28, 2009 8:50am
Quoting daveadamsbds
Nice divergence as well
yeah, nice diverngence, forgot to mention that as well....lol
still waiting patiently for my 1st tp to be hit....
Simplicity is the key to success
  • #28,368
  • Apr 28, 2009 9:07am Apr 28, 2009 9:07am
Quoting squeezy
yeah, nice diverngence, forgot to mention that as well....lol
still waiting patiently for my 1st tp to be hit....
1st tp hit, lets see hw she reacts to 68.15 area
yen crosses seem to be moving
uj forming a nice pin on the daily,lets see how she closes, still remains about 6/7 hrs more on my feed(no need to post chart now, too early)
Simplicity is the key to success
  • #28,369
  • Apr 28, 2009 9:21am Apr 28, 2009 9:21am
hi squeezy, im long from the 4h pin i posted earlier in the usdjpy
  • #28,370
  • Apr 28, 2009 9:26am Apr 28, 2009 9:26am
If a pin bar formed on the daily, would this be considered an A trade or even A+ trade according to the James16 method and location of the PB? Reasons why or why not would be helpful. My opinion is that if it closes above the 68.0 it will be bullish, but It might not be an A trade. Yet if it went to the 50% fib level it would be A+. Is my interpretation in the ballpark?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 17 KB
"Luck favors the prepared mind"
  • #28,371
  • Apr 28, 2009 9:31am Apr 28, 2009 9:31am
Quoting jpa0827
If a pin bar formed on the daily, would this be considered an A trade or even A+ trade according to the James16 method and location of the PB? Reasons why or why not would be helpful. My opinion is that if it closes above the 68.0 it will be bullish, but It might not be an A trade. Yet if it went to the 50% fib level it would be A+. Is my interpretation in the ballpark?
Yeah I like your interpretation J

I would give it a B+ b/c it would prob have room to run up a bit. But b/c of lack of any real major confluence I couldn't put it into an A category by itself

Best

Mike
  • #28,372
  • Apr 28, 2009 9:37am Apr 28, 2009 9:37am
Quoting mbqb11
Yeah I like your interpretation J

I would give it a B+ b/c it would prob have room to run up a bit. But b/c of lack of any real major confluence I couldn't put it into an A category by itself

Best

Mike
Thanks Mike, I just watched your video and then made that post. By the way, I'm glad you weren't one of my school teachers, I would have never passed LOL. You are a tough grader, but when money is on the line you should be.
"Luck favors the prepared mind"
  • #28,373
  • Apr 28, 2009 9:42am Apr 28, 2009 9:42am
Quoting sertio
hi squeezy, im long from the 4h pin i posted earlier in the usdjpy
nice

jpa0827
AUD/JPY
If a pin bar formed on the daily, would this be considered an A trade or even A+ trade according to the James16 method and location of the PB? Reasons why or why not would be helpful. My opinion is that if it closes above the 68.0 it will be bullish, but It might not be an A trade. Yet if it went to the 50% fib level it would be A+. Is my interpretation in the ballpark?

i dnt think it wld be an A+ trade from wat ive learnt here, look at the 70.35 to 68.15 zone....there seems to be traffic, sideways movement which on a normal day wld make it untradable imo
another thing ive being hearing is yen correlations, i think they all tend to move in the same direction
wat i wld suggest is if u r not in the trade already ,look for a much better yen pair or not to trade & jst be on the sidelines....
it jst might get to 70.35 area but who knows, def not me (im still learning)
hope i tried in my explanation
Simplicity is the key to success
  • #28,374
  • Apr 28, 2009 9:45am Apr 28, 2009 9:45am
does anyone know of a good spreadsheet that is free, and easy to use, that i can track my traders with? preferable some nice custom template or something, i think it would be much better then an ugly one id make. ty
  • #28,375
  • Apr 28, 2009 9:48am Apr 28, 2009 9:48am
Quoting jpa0827
Thanks Mike, I just watched your video and then made that post. By the way, I'm glad you weren't one of my school teachers, I would have never passed LOL. You are a tough grader, but when money is on the line you should be.

hahaah

Don't forget though one traders B trade CAN be another traders A trade
  • #28,376
  • Apr 28, 2009 9:48am Apr 28, 2009 9:48am
It is peoples' interpretation of the information they have that move the markets. Be it Fear, Greed, Ignorance, the market moves when the majority believe the price should be going one direction. The markets are a living breathing organism build up of all human emotions.

Quoting daveadamsbds
http://www.forexfactory.com/nfs/cust...tar74547_2.gifdkmb92



http://www.forexfactory.com/images/icons/icon1.gifso you dont mind a few people getting sick & dying so you can make a few bucks?

Hey man, chill. Just joking but did not mean to offend so sorry if I did.
The real joke is the way Yen strengthened because swine flu is in the States but not in Asia. Does anyone really believe it wo'nt spread there? Just a matter of time.
They say the markets are run by fear and greed. Better add 'ignorance' from now on.
  • #28,377
  • Apr 28, 2009 9:59am Apr 28, 2009 9:59am
Quoting mbqb11
hahaah

Don't forget though one traders B trade CAN be another traders A trade
Very true!
"Luck favors the prepared mind"
  • #28,378
  • Apr 28, 2009 10:50am Apr 28, 2009 10:50am
not sure whether dis is a silly question but here goes
when looking for confluence, is there a preferred one over another....in terms of ema, fibo etc
also when looking for confluence, is it the more confluence the better, dnt think i want to add too much, not to end up confusing myself
jst thought i shld let u guys kno wat i was thinking of
Simplicity is the key to success
  • #28,379
  • Apr 28, 2009 10:57am Apr 28, 2009 10:57am
Quoting squeezy
not sure whether dis is a silly question but here goes
when looking for confluence, is there a preferred one over another....in terms of ema, fibo etc
also when looking for confluence, is it the more confluence the better, dnt think i want to add too much, not to end up confusing myself
jst thought i shld let u guys kno wat i was thinking of
It is definitely not a silly question. Some people put more weight on different things. I for one am very big on PPZ that line up with round numbers. Other people like 50% and 61% fib retracements with PPZs. Some like a combo of all! Good confluence will still stick out but yes it can come in many forms and be playable

Best
Mike
  • #28,380
  • Apr 28, 2009 11:20am Apr 28, 2009 11:20am
Quoting mbqb11
It is definitely not a silly question. Some people put more weight on different things. I for one am very big on PPZ that line up with round numbers. Other people like 50% and 61% fib retracements with PPZs. Some like a combo of all! Good confluence will still stick out but yes it can come in many forms and be playable

Best
Mike
thanks mike
you are ever so helpful,
yeah! i watch ur videos everyday....lol
just wanted u to know
cheers
Simplicity is the key to success
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