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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

  • #28,921
  • Apr 30, 2009 11:44pm Apr 30, 2009 11:44pm
Quoting supremeChaos
fxScavenger,
yes that's IPB. in candlestick terms, a hammer/hanging man at the wrong places.

what timeframes were these PB & IPB located? & what broker/chart?
very interesting 2 PBs side by side on the weekly.
nzdusd's volatility came off of RBNZ rate decision. were u in for last night's downmove too?
nice pips u caught there, after a few days of nzd$ tranquility


Can i play a fender too? only a left-handed one...
the 88's --- are those what they call the Jackson/Charvel types?
I wouldn't think twice on playing the drums...
Hey guy

Sorry so long to reply, I went to bed.

The side by side PB and IPB was on the NZDUSD D1 I jumpped in with that Slingshot deal from a PA video I think was recomended on this site early on. caught about 65 long out of the 100+ and bolted. PA is kinda new to me so I tend to stay with the trend. I feel safer that way.

and 88's is for "key board 88" aka a piano man.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,922
  • Apr 30, 2009 11:50pm Apr 30, 2009 11:50pm
Quoting supremeChaos
g_j_hook@yah,
at last u broke your silence!
I too am engrossed with acoustic playing, more soothing to my ears. & i believe it's harder to play/master.

make that j16 PB band
by the way there is a song entitled "BYOB", by System of a Down (more kind of my generation's music)...
look at your daily charts, we have a huge BYOB!
Cool, acoustic is what I learnd on. I love finger picking, Melodic motion is very zen.. very soothing.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,923
  • Apr 30, 2009 11:56pm Apr 30, 2009 11:56pm
Future PB? Will see!
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  • #28,924
  • Apr 30, 2009 11:58pm Apr 30, 2009 11:58pm
Quoting supremeChaos
hey Jon,
I do sleep... somehow... LOL but right now my PC hasn't taken time off yet. thinking twice of shutting it down in the midst of European/upcoming NY session... U see, currencies move when i shut the PC off, the inverse happens too (the PC is on but i don't get in on the action/s)
It's a conspiricy dude, or you need to trade pairs of a session that's compatible with yur hours.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,925
  • May 1, 2009 12:03am May 1, 2009 12:03am
Quoting ghous
Hey guys,

Just wanted to let ya'll know that this is my last post here at FF. I'll be off for a month and half...

Wanted to thank you all for such a great thread before I leave...

All of you will be terribly missed

(Special congrats to Josh for his achievement of the first major hall mark! )

I'll be right back unless I'm dead

C ya'll then,

Bye

Regards,
Ghous.
Good luck with your exams dude, of course you don't need luck.

check ya later.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,926
  • May 1, 2009 12:14am May 1, 2009 12:14am
Quoting Jduester
Final 1/3 profit target reached overnight at 1.1910. Yippee!!!

Last day of step 1 for Jim's minimum requirements!!!! Ensured 3 consecutive profitable months!

Josh

Dude, You Rock. I'm still reading, just about 800 pages left to go.

If you guys would quit posting I could be done quicker.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,927
  • May 1, 2009 12:16am May 1, 2009 12:16am
Quoting oltciter
Future PB? Will see!

Yes, visible on other intraday's as well, including 4 hours, as well as a small daily one at this early stage. The weekly, however, remains bullish...time for a breather at the 62 Fibo?
  • #28,928
  • May 1, 2009 12:17am May 1, 2009 12:17am
Quoting ghous
Hey guys,

Just wanted to let ya'll know that this is my last post here at FF. I'll be off for a month and half...

Regards,
Ghous.
We'll see you soon ghous. 19 years old . . wow.

The Ghous16 Chart Thread does have a nice ring to it.
Indicators show the past. Price Action "Indicates" the future.
  • #28,929
  • May 1, 2009 12:22am May 1, 2009 12:22am
the other day, i underslept. now, I think i overslept.

the majors seem to be quiet, including aud$. is this a "calm before the storm" type of thing?
  • #28,930
  • May 1, 2009 12:24am May 1, 2009 12:24am
Quoting supremeChaos
the other day, i underslept. now, I think i overslept.

the majors seem to be quiet, including aud$. is this a "calm before the storm" type of thing?

London should prove interesting.
Indicators show the past. Price Action "Indicates" the future.
  • #28,931
  • May 1, 2009 1:06am May 1, 2009 1:06am
Quoting lindsayf
but worth it..

I have read the first 1400 posts with only about 26000 to go.....it is very helpful stuff. I am just sticking my nose in here to ask if the pf is still running and healthy and affordable...before I jump back into the thread?

I have been demoing for around 6 months and will be funding an account this week..scary!

is there any sense that the pa approach has lost any of its effectiveness/accuracy since late 06 (thats where I am up to in the thread) to now?

hope not



thks
L
Nope. Thats the beauty of price action. It doesnt need a special market or pair or timeframe to work.

I have just 800+ pages to go, but who's countin.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,932
  • May 1, 2009 1:12am May 1, 2009 1:12am
Quoting uBERpIP
Take a break from the pin bars to enjoy cigars, guitars and ingenuity.

Cigars & Gu1tars, Your a man after my own heart, throw in a shot of Powers and a Pint of Guinness and I'm there.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,933
  • Edited 1:41am May 1, 2009 1:21am | Edited 1:41am
Quoting supremeChaos
the other day, i underslept. now, I think i overslept.

the majors seem to be quiet, including aud$. is this a "calm before the storm" type of thing?
It's almost end of day for the Auisie's sometimes there is a floury of activity before they head for the Pub.

Also isn't it the weekend there already?
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,934
  • May 1, 2009 1:25am May 1, 2009 1:25am
Quoting ghous
Hey guys,
Ghous.
You take care man and good luck with your exams.
The place won't be the same without you.

Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #28,935
  • May 1, 2009 1:34am May 1, 2009 1:34am
Quoting pricey
I'm in demo mode - and boy am I paralyzed! I keep seeing trades, PBs, etc that just don't look "good enough" to me. E.g. I'd passed on the AUDUSD pin, came to the forum and read how some of you were interested in it, went back to my charts and rejected it all over again!

Is this how it's meant to be? Thankfully I got in on the CADUSD before my paralysis hit, so I'm good there (+400pips!) but the rest...

I'm thinking of going long USDCHF and short EURUSD once the daily pins break; they're not ideal but they're in with the long-term trend...
Hey there bro,

I know what you mean, at the end of the day every single trader in this thread thinks has their own take on the J16 methods, it's like something where you first learn everything inside the box, then it eventually changes to ytour personality style.

If you have a written down plan which is based on experience and you are sticking to that plan analysis wise then you are fine.

I actually don't like putting tags like "A+" on things, because in my mind, I either have a setup or I don't.

Take the AUDUSD, there are a load of opinions for an against it here, but in reality the only opinion that matters is your own


Careful of risk manaqement with EURUSD and USDCHF, you are essentially doubling your risk on the same thing because of the correlation.

Have I ever been looking back and thinking about trades, yeah I used to all the time. But the way to get rid of that feeling is by having a plan that is really concrete. So now when I look back and see something that turned out awesome I just think "did not fit the plan", or even when I intraday trade and I miss something because I simply was not watching the screen I am never regretful anymore simply because I know there are going to be more setups to the future,

I have no idea about DeMark lines or a "COT report" if I was being honest , but PA works with absolutely everything. If you have a system where you enter then x indicator turns green and y indicator turns blue, chances are you could improve that system by adding PA imho. So try it out and see how it goes.

Regards
T
  • #28,936
  • May 1, 2009 1:47am May 1, 2009 1:47am
Quoting fxScavenger
It's almost end of day for the Auisie's sometimes there is a floury of activity before they head for the Pub.

Also isn't it the weekend there already?
Still Friday. ...Beer-O-Clock in 13 mins.
Bundy's status today: "Waiting..."
  • #28,937
  • May 1, 2009 2:00am May 1, 2009 2:00am
Quoting bundyraider
Still Friday. ...Beer-O-Clock in 13 mins.
Yeah buddy,

I guess they're all played out after those big long moves from Wednesday - last night.

But man you can just feel the tension at that 7267 pivot zone. She's gonna blow. Long I think but next week will tell the tale.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #28,938
  • May 1, 2009 2:02am May 1, 2009 2:02am
Quoting pricey
What do you guys think? Have you been here before, where the trades just don't seem good enough? I haven't taken a single trade this week! Well, I'd have gotten in on the GBPUSD but was out...
Hi Pricey - if it makes you feel any better, I haven't taken a single trade this week either, but I don't feel paralysed - quite happy in fact. Like you I'm demo trading and today successfully completed my first of 3 months consistently profitable trading.
When in doubt, sit on your hands...
  • #28,939
  • May 1, 2009 2:39am May 1, 2009 2:39am
Quoting jarroo
Looks like a classic.
Hi Jaroo

Quick question re AUDUSD Daily and PB's in general, do you generally cancel a potential pinbar when the next bar retraces and exceeds: the left eye (your pink line), a 61.8% retrace, or the back of the bar?

Cheers

Adam
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  • #28,940
  • May 1, 2009 2:53am May 1, 2009 2:53am
i'm seeing aud, eur, gbp moving down simultaneously. (IBFX MT4)
aud$ somehow found 50% ret. around 0.7307 tough to crack prior the present slow? downmove. is this the beginning of the end?

Let's see.. out for now
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