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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

  • #32,321
  • Jun 5, 2009 12:16am Jun 5, 2009 12:16am
Quote
Spent some time tonight with my son going over some charts and possible trades he is considering. Thought i would share his record this year on this pair.

james16,
i was contemplating/daydreaming about something like this for about 1-3yrs now. I have planned of doing the same thing in the future. Now it's confirmed that it can be done at a very young age, just like with any sports, hobbies or music instruments.
  • #32,322
  • Jun 5, 2009 12:21am Jun 5, 2009 12:21am
Quote
I just read my email. That's one lucky kid growing up with "James16" as your dad.
I look forward to his future Thread.

jarroo,
so, that means that u'll be staying here longer than i expected.

Really great! This early, i thank you for that, Sir!
  • #32,323
  • Jun 5, 2009 12:38am Jun 5, 2009 12:38am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting raczekfx
...Pins yes, IBs no (don't trade them).... I
Correct me if I'm wrong seniors (it''s my first post here after observing so long). For IBs, the best is to wait for a BEOB/BUOB after the IB which also breaks the bar before IB. This will raise the probability of a move to happen.

And if several IBs in a row and a break of all of them by candle, perhaps this will also lead to a great move.
(at the point of putting my opinion, i thought of a chart where J16 posted that ranging market is our friend)


LSs
  • #32,324
  • Jun 5, 2009 12:41am Jun 5, 2009 12:41am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
your son says it's simple, then, no simpler money on this planet than this pa business. the funny thing is he think you are so so, Sir Jim. haha, you are just so so in your son's opinion.

Quoting james16
Spent some time tonight with my son going over some charts and possible trades he is considering. Thought i would share his record this year on this pair.
  • #32,325
  • Jun 5, 2009 12:41am Jun 5, 2009 12:41am
Quoting james16
Spent some time tonight with my son going over some charts and possible trades he is considering. Thought i would share his record this year on this pair.
I remember that kid from the time when you posted the heir's picture with that Ball python.

Incredible stuff!

Regards,
Ghous.
I believe . . .
  • #32,326
  • Jun 5, 2009 12:42am Jun 5, 2009 12:42am
Quoting LSs
Correct me if I'm wrong seniors (it''s my first post here after observing so long). For IBs, the best is to wait for a BEOB/BUOB after the IB which also breaks the bar before IB. This will raise the probability of a move to happen.

And if several IBs in a row and a break of all of them by candle, perhaps this will also lead to a great move.
(at the point of putting my opinion, i thought of a chart where J16 posted that ranging market is our friend)


LSs
Yes LS and welcome. But remember the location, is it at a swing High (BEOB) or a Swing Low (BUOB). Are there other confluences that support that setup as well.
Indicators show the past. Price Action "Indicates" the future.
  • #32,327
  • Jun 5, 2009 12:43am Jun 5, 2009 12:43am
Quoting jarroo
Hey Jim could you ask your son if he's eye balling the .8860ish for a target (PPZ, 61.8, 150 ema) and then a possible short?

Tell him thanks for his help.

Jim
he's a star already,

You sure would like him to read this Jim.
I believe . . .
  • #32,328
  • Jun 5, 2009 12:46am Jun 5, 2009 12:46am
Price Action and the A+ trade. I never get tired of it.
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Indicators show the past. Price Action "Indicates" the future.
  • #32,329
  • Jun 5, 2009 12:48am Jun 5, 2009 12:48am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Yeah, Jim, bar since 6/1, I entered at the break of the pin on 6/2, jarroo is correct, I was expecting more than the profit of one bar, I thought this could be a candidate which I can ride for a couple of days till the end of the pullback. but, I am not very sure if I can make it given the counter trend nature of this position. so, I closed it now with a tiny profit with luck.


Quoting james16
bar from 6/1?
  • #32,330
  • Jun 5, 2009 12:48am Jun 5, 2009 12:48am
Quoting ghous
he's a star already,

You sure would like him to read this Jim.

lol. Your right he's probably asleep.
Indicators show the past. Price Action "Indicates" the future.
  • #32,331
  • Jun 5, 2009 12:50am Jun 5, 2009 12:50am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
yes, jarroo, I am with you. but, to be honest, I don't have an exit plan for now. any view to share with, please?

Quoting jarroo
Price Action and the A+ trade. I never get tired of it.
  • #32,332
  • Jun 5, 2009 12:52am Jun 5, 2009 12:52am
Quoting krue
yes, jarroo, I am with you. but, to be honest, I don't have an exit plan for now. any view to share with, please?
The 1.6000 is a bold round number and PPZ level how it acts around this level will be interesting. If it gets there.
Indicators show the past. Price Action "Indicates" the future.
  • #32,333
  • Jun 5, 2009 12:58am Jun 5, 2009 12:58am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
well noted, let's see how much it is willing to offer to us. thank you, Jarroo

Quoting jarroo
The 1.6000 is a bold round number and PPZ level how it acts around this level will be interesting. If it gets there.
  • #32,334
  • Jun 5, 2009 1:11am Jun 5, 2009 1:11am
Quoting fxprocessor
Hi mate.

Sorry for delay. Is it a custom indi? If yes I would like to try.

cheers

FXP
Here's the multi time frame Moving Average. With some details. Let me know if you need help with it.



Time Frame _M1 1
Time frame_M5 5
Time Frame_M15 15
Time Frame_M30 30
Time Frame_H1 60
Time Frame_H4 240
Time Frame_D1 1440
Time Frame_W1 10080
Time Frame_MN1 43200
You must use the numeric value of the time frame that you want to use
when you set the Time Frame' value with the indicator inputs.
---------------------------------------
ma__shift PRICE_CLOSE 0 Close price.
ma_shift OPEN 1 Open price.
ma_shift HIGH 2 High price.
ma_shift LOW 3 Low price.
ma_shift 4 Median price, (high+low)/2.
ma_shift TYPICAL 5 Typical price, (high+low+close)/3.
ma_shift WEIGHTED 6 Weighted close price, (high+low+close+close)/4.
You must use the numeric value of the Applied Price that you want to use
when you set the 'applied_price' value with the indicator inputs.
---------------------------------------
MA Method_SMA 0 Simple moving average,
MA Method_EMA 1 Exponential moving average,
MA Method_SMMA 2 Smoothed moving average,
MA Method_LWMA 3 Linear weighted moving average.
You must use the numeric value of the MA Method that you want to use
when you set the 'ma_method' value with the indicator inputs.

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Indicators show the past. Price Action "Indicates" the future.
  • #32,335
  • Jun 5, 2009 1:14am Jun 5, 2009 1:14am
Nice one. Thanks Jaroo


Quoting jarroo
Here's the multi time frame Moving Average. With some details. Let me know if you need help with it.



[left]Time Frame _M1 1
Time frame_M5 5
Time Frame_M15 15
Time Frame_M30 30
Time Frame_H1 60
Time Frame_H4 240
Time Frame_D1 1440
Time Frame_W1 10080
Time Frame_MN1 43200
You must use the numeric value of the time frame that you want to use
when you set the Time Frame' value with the indicator inputs.
---------------------------------------
ma__shift PRICE_CLOSE...
  • #32,336
  • Jun 5, 2009 1:37am Jun 5, 2009 1:37am
Quoting james16
LOL. that was great j, thanks.

He really doesnt know anything different than any of you.

The only difference might be that he gets to hear my rants instead of reading them.

when he first started on demo several years ago i made a deal with him.

i told him the only way it will work is if your picky. i told him i would pay him something for every month he went positive and i would take it away if he was negative.

he struggled at first but it did not take him long to see the light.

thats what im most proud of about his trading.

now that...
Wow - just a superb lesson ... putting this one in the bank for my 1 year old
  • #32,337
  • Jun 5, 2009 1:42am Jun 5, 2009 1:42am
Quoting jarroo
Hey Jim could you ask your son if he's eye balling the .8860ish for a target (PPZ, 61.8, 150 ema) and then a possible short?

Tell him thanks for his help.

Jim
Man, that kid is smart.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #32,338
  • Jun 5, 2009 2:05am Jun 5, 2009 2:05am
Moved my stops to breakeven. So its a free trade, if i get stopped out i will likely reenter short next week based on the weekly pinbar forming. it will most likely close as a pinbar with the strongest confluence of resistance on my charts from 157 to 160.

Should have been up 300pips but had an early and not too good entry.




Quoting ephisi
im now short Gj from 156.70 stops 159.70. Hopefully pay a visit to 150 area

11.05am est
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  • #32,339
  • Jun 5, 2009 2:32am Jun 5, 2009 2:32am
he is long off the recent OB and decided tonight to set his stop at 8792 which locks about 100 pips profit.

we have an alert set at 89. if it reaches there i have no idea what he has planned.

if i know him he will probably snug it up under the 150.

geez... i feel like his personal broker sometimes.

Quoting jarroo
Hey Jim could you ask your son if he's eye balling the .8860ish for a target (PPZ, 61.8, 150 ema) and then a possible short?

Tell him thanks for his help.

Jim
  • #32,340
  • Jun 5, 2009 2:40am Jun 5, 2009 2:40am
here the little mongrel is at a recent stars playoff game.

he is a good kid. better kid than i was for sure for which im thankful.

cant get him to keep his glasses on straight but he goes into contacts this summer.



Quoting james16
he is long off the recent OB and decided tonight to set his stop at 8792 which locks about 100 pips profit.

we have an alert set at 89. if it reaches there i have no idea what he has planned.

if i know him he will probably snug it up under the 150.

geez... i feel like his personal broker sometimes.
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