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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

  • #35,201
  • Jun 26, 2009 9:33pm Jun 26, 2009 9:33pm
Quoting james16
i enjoy this stuff so please indulge me.

this is the planet in 100 milion years based on current plate movement.

i always say how i enjoy the aussies here.

well take a look, it will be a while but we will eventually be nieghbors.

Here is a real mind blower. Expanding Earth Theory.
Lots more info if you care to take the time and search.

http://video.google.com/videosearch?...th&emb=0&aq=f#
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #35,202
  • Edited Jun 27, 2009 6:48am Jun 26, 2009 9:53pm | Edited Jun 27, 2009 6:48am
Quoting jarroo
Thanks datogio. (I think)

You have a good understanding of the material and your charts are great. Just be very picky on your setups and your well on your way.

Great job.

Jim
The most powerful thing I've lerned on this thread is not technical analysis, it s way how to take trades without any self doubt or fear, because Now I realize that its only on me if my trade turns into loser or into winner.

Knowing the power of proper position management, makes me open to learning each time I'm in the position, instead of being fearful or doubtful.

To be picky is only the product of such approach and I'm right on to it and its important not to mess being picky with fear of losing.

Thank you once again jarroo you're a good teacher that teaches not by words but by actions.
  • #35,203
  • Jun 26, 2009 10:06pm Jun 26, 2009 10:06pm
Quoting datogio
The most powerful thing I've lerned on this thread is not technical analysis, it s way how to take trades without any self doubt or fear, because Now I realize that its only on me if my trade turns into loser or into winner.

Knowing the power of proper position management, makes me open to learning each time I'm in the position, instead of being fearful or doubtful.

To be picky is only the product of such approach and I'm right on to it and its important not to mess being picky with fear of losing.

Thank you once again jarroo you're a good...

Very wise words datogio.


And thank you.
Indicators show the past. Price Action "Indicates" the future.
  • #35,204
  • Jun 26, 2009 10:07pm Jun 26, 2009 10:07pm
Dear all,

I observed this Pinbar yesterday, but it did not go very well. It just go to the "right" direction until it hit a nearby S/R. Although it is in a upward trend, but it is sideway on a higher timeframe. Wonder if more experienced Pinbar user can give me some advices about the quality of this Pinbar.

Thanks
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  • #35,205
  • Jun 26, 2009 10:28pm Jun 26, 2009 10:28pm
How about this one yesterday please... is it an obvious one?

Weekend is a good time for evaluation!
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  • #35,206
  • Edited 11:07pm Jun 26, 2009 10:29pm | Edited 11:07pm
Quoting kk007
Dear all,

I observed this Pinbar yesterday, but it did not go very well. It just go to the "right" direction until it hit a nearby S/R. Although it is in a upward trend, but it is sideway on a higher timeframe. Wonder if more experienced Pinbar user can give me some advices about the quality of this Pinbar.

Thanks
Quoting kk007
How about this one yesterday please... is it an obvious one?

Weekend is a good time for evaluation!
Its tough trading the Hourly time frame if we don't know what's going on on the higher times frames.

The Hourly PB looked good in size and location, so the next step is to see what we are running into if the PB breaks. Refer to James16's "This is Critical". http://www.forexfactory.com/showpost...ostcount=33962

The Hourly PB when right where we knew it was going to go. It was running right into a very strong S/R level, this is not just on the Hourly time frame, it is strong level on the 4 hour and Daily time frames as well.

For an Hourly PB to break a Daily S/R level is very hard to do. Does it happen? Sure sometimes, but we have to be prepare for the high probability that it won't.
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Indicators show the past. Price Action "Indicates" the future.
  • #35,207
  • Edited 10:59pm Jun 26, 2009 10:39pm | Edited 10:59pm
AMEN BROTHER.

its just another freedom and money grab.

anyone that has studied earths climate history KNOWS that -

we are actually in a cool period that has lasted for millions of years.

most of earths history has been without ANY ice at the poles AND IT WILL HAPPEN AGAIN WITH PLATE MOVEMENT NOT BECAUSE I DRIVE MY BIG TRUCK.

In the late 70's THESE SAME PEOPLE were screaming we were creating global cooling. dont believe it? check out ted dansen and his loony friends from back then.

it is not nor has it ever been about saving anything. its a relegion.

its about marxist/leftist sociol agendas designed to slowly over time take away your freedoms and your money by making goverment bigger thru scare tactics.

sad thing is that most people dont think for themselves and buy it hook line and sinker.

sorry if i offended anyone. no one loves nature, animals etc etc more than i do but i dont like liars.

especially liars that want to control my life, punish my success and remove my freedoms.

A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government.

Thomas Jefferson











Quoting jarroo
This has always fascinated me as well. And to hear all these man made global warmimg nuts, they would look at that picture and figure how has man caused this.

Man cannot cause global warming no more then he can stop the plate movements of the earth.
  • #35,208
  • Jun 26, 2009 10:50pm Jun 26, 2009 10:50pm
Quoting james16
its just another freedom and money grab.


A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government.

Thomas Jefferson
I knew I was going to maybe offend some of my fellow FF members by what I wrote. But its easy to say when you have the truth on your side.

Love that Jefferson quote. It can't be quoted enough.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #35,209
  • Jun 26, 2009 10:51pm Jun 26, 2009 10:51pm
I remember it happen at 9am EST which is dow open time.
dow future made 1 attempt to 8480 at 8am EST
and another at dow open to 846x at 9am EST... what you see G/U is 9am EST?
not aware of what is the news of fundamentals driving this change.

my impression is peoPle have different bias toward this major S/R line on day t-f for E/U and dow...
so some wants to break up but others don't agree, Friday was in such a stag situation.

Quoting kk007
Dear all,

I observed this Pinbar yesterday, but it did not go very well. It just go to the "right" direction until it hit a nearby S/R. Although it is in a upward trend, but it is sideway on a higher timeframe. Wonder if more experienced Pinbar user can give me some advices about the quality of this Pinbar.

Thanks
Attached Image
  • #35,210
  • Jun 26, 2009 11:00pm Jun 26, 2009 11:00pm
Quoting james16
i enjoy this stuff so please indulge me.

this is the planet in 100 milion years based on current plate movement.

i always say how i enjoy the aussies here.

well take a look, it will be a while but we will eventually be nieghbors.

Do you believe man will see the 100th million year from now?

I gotta tell you guys, 2020 is the year end. At least that's what some freakin' astrologer was telling us on TV in a local channel here.

"I predicted the fall of the twin towers and I predicted the Tsunami, and I predict now that the world will sum up in 2020" ...says the astrologer, as if hew got Rac's ball.

What more ppl were (and are) freaked out of their skins, And I am glad that I can extract at least a laugh out of it.
I believe . . .
  • #35,211
  • Jun 26, 2009 11:17pm Jun 26, 2009 11:17pm
Quoting james16
AMEN BROTHER.

its just another freedom and money grab.

anyone that has studied earths climate history KNOWS that -

we are actually in a cool period that has lasted for millions of years.

most of earths history has been without ANY ice at the poles AND IT WILL HAPPEN AGAIN WITH PLATE MOVEMENT NOT BECAUSE I DRIVE MY BIG TRUCK.

[size=3]In the late 70's THESE SAME PEOPLE were screaming we were creating global cooling....





found this a couple of months ago on an another thread.

http://www.forexfactory.com/showpost...ostcount=14115
  • #35,212
  • Jun 27, 2009 12:00am Jun 27, 2009 12:00am
Quoting james16
AMEN BROTHER.

its just another freedom and money grab.

anyone that has studied earths climate history KNOWS that -

we are actually in a cool period that has lasted for millions of years.

most of earths history has been without ANY ice at the poles AND IT WILL HAPPEN AGAIN WITH PLATE MOVEMENT NOT BECAUSE I DRIVE MY BIG TRUCK.

[size=3]In the late 70's THESE SAME PEOPLE were screaming we were creating global cooling....
I grow up in soviet union and the only difference I see between socialism and democracy is just a time that is needed to achieve the purpose that both of this systems are supposed for. What is the purpose? To rule the mass of not successful people living in illusion of being successful by single successful person.

Socialism wanted it all at once and almost achieved while Stalin ruled Soviet Union but collapsed soon after his death.

The same purpose is true for democracy but a little later.

And the tool to achieve this purpose is FEAR in both systems. In socialism people were afraid of each other and the government and in democracy they are afraid of themselves, there own future and having nothing.

Our enemies as government told us were capitalists. LOL
Your enemies as government are teaching you are terrorists. LOL

Man maybe because for me happened to live in both socialism and democracy environments is easy to see that the difference is just a a matter of time and nothing else.

The only way for people out of the illusion is to open there eyes.

But anyway I'm not sure it ever will happen, It's clear someone to be successful someone should support his needs, just like in trading.

Otherwise everybody should refuse from being successful.

Just the way I think about all this stuff LOL.

P.S. Thank you James for starting this thread, It made my life.
  • #35,213
  • Jun 27, 2009 12:19am Jun 27, 2009 12:19am
thanks dato.

i certainly dont want to come across as a right wing nut. im not.

i just want the freedom to pursue my dreams without some nanny state telling me what to do and when to do it.

even more than that i dont want lazy people living off of my hard earned dime.

i give a ton of money to charity. more than joe biden and hes the guy that said rich people need to step up and do more.

well joe is 40 percent of my money not enough?

whats enough joe?

60, 70, more?

its my money joe. i worked for it.

why should i give it to you and your big goverment cronies joe?

so you can waste it on another dumb sociol program that does nothing but create more dependency?

i know your type joe and i will fight you and those like you till the day i die.

sorry joe its my thread.



Quoting datogio
I grow up in soviet union and the only difference I see between socialism and democracy is just a time that is needed to achieve the purpose that both of this systems are supposed for. What is the purpose? To rule the mass of not successful people living in illusion of being successful by single successful person.

Socialism wanted it all at once and almost achieved while Stalin ruled Soviet Union but collapsed soon after his death.

The same purpose is true for democracy but a little later.

And the tool to achieve this purpose is FEAR in both...
  • #35,214
  • Edited 1:00am Jun 27, 2009 12:46am | Edited 1:00am
i will quit after this but im passionate about stopping this. i said before i dont want to offend anyone but if it does it does.


On Friday, the House of Representatives passed today cap-and-trade tax legislation designed to reduce carbon emissions by raising the prices of oil, gasoline, natural gas, coal, home heating oil, and anything else that produces carbon dioxide emissions, believed to be the main culprit behind supposed global warming. That is estimated to increase costs per family by an estimated $1,600 to $3,200 each year.
During the campaign last year, in the debates, in speeches, and in campaign ads, Barack Obama promised over and over that he would cut taxes for the 95% of Americans making less than $250,000 per year. He pledged that his tax increases would only apply to the top 5% of Americans making over $250,000. Yet Obama fully supported passage of the House cap-and- trade tax bill.

In one nationally televised debate, Obama scorned John McCain's charge that he would raise taxes by insisting that if you make less than $250,000 per year, your taxes will go down, emphasizing the point with a grand downward sweeping motion of his arm. In a speech on September 12, 2008 in Dover, New Hampshire, Obama said,
I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
The tax cut for 95% of Americans turned out to be a little $400 per worker tax credit, less than $8 per week, just for this year and next. Under the recently passed Democrat budget, that tax cut is gone after next year.
That will be replaced instead with the new cap-and-trade cost burden that will be paid by everyone in the prices of everything we buy, but particularly in electricity (primarily produced by burning fossil fuels), gasoline, natural gas, home heating oil, and food.
Democrats pushing the bill have recently argued that the total costs per family will be trivial, as low as $80 or $175 per year. But the whole purpose of the bill is to raise the price of using carbon-based energy to reduce its use, 17% by 2020 and 83% by 2050. That is probably going to require even more than $3,000 per family per year.
The bill will also result in millions of lost jobs and a weakened economy due to high cost energy. Remaining manufacturing in America will flee overseas. The coal industry will be phased out.


All of this just as the global warming fantasy is intellectually collapsing. Global atmospheric temperatures measured most accurately by satellites have shown declining temperatures for the past 11 years, with the decline accelerating most recently. The latest science explains the twists and turns of temperature trends in the 20th century as due to natural causes. Countries around the world such as France, Poland, Australia, the Czech Republic, and New Zealand are turning against cap-and-trade tax burdens for their own countries, and China and India have rejected the idea for their emerging economies all along. Even global warming advocates admit that the bill passed by the House tonight will have no significant effect in reducing global warming, despite all of its costs for the America people. The science behind the theory of man-made global warming has been thoroughly rebutted in a new 880 page book just released by the Heartland Institute appropriately titled "Climate Change Reconsidered."


Moreover, this appears to be just the beginning of higher taxes for 95% of Americans. Numerous tax increases are being considered to finance Obama's new national health care entitlement program, including a tax on employer provided health benefits. The Washington Post reported that Obama and Congressional Democrats are considering a new federal value added tax (VAT) as well. VAT taxes are common in Europe, where they are embedded in the prices of goods sold, much like a sales tax. Again, the price of everything would go up.


With these and other developments on the horizon Obama is poised to break the central promise of his campaign, which took him straight to the White House. Did Obama win last year on false pretenses? Perhaps he might remember this cautionary tale: When the first President Bush broke his campaign pledge not to raise taxes in 1990, he was booted out in the next election.





Quoting james16
thanks dato.

i certainly dont want to come across as a right wing nut. im not.

i just want the freedom to pursue my dreams without some nanny state telling me what to do and when to do it.

even more than that i dont want lazy people living off of my hard earned dime.

i give a ton of money to charity. more than joe biden and hes the guy that said rich people need to step up and do more.

well joe is 40 percent of my money not enough?

whats enough joe?

60, 70, more?

its my money joe. i worked for it.

why should i give it to you and...
  • #35,215
  • Jun 27, 2009 1:20am Jun 27, 2009 1:20am
yeah, and that 250K is for a married couple, really 125K for individual.
The good news is that this system will eventually collapse, the bad news it it probably won't happen in our lifetime.
The best way to rebel in system like this is to stop working and producing. Beach Bum with a laptop and free wifi. Sounds kinda nice.



Quoting james16
i will quit after this but im passionate about stopping this. i said before i dont want to offend anyone but if it does it does.


On Friday, the House of Representatives passed today cap-and-trade tax legislation designed to reduce carbon emissions by raising the prices of oil, gasoline, natural gas, coal, home heating oil, and anything else that produces carbon dioxide emissions, believed to be the main culprit behind supposed global warming. That is estimated to increase costs per family by an estimated $1,600 to $3,200 each year.
During the...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #35,216
  • Jun 27, 2009 1:50am Jun 27, 2009 1:50am
Quoting jarroo
Its tough trading the Hourly time frame if we don't know what's going on on the higher times frames.

The Hourly PB looked good in size and location, so the next step is to see what we are running into if the PB breaks. Refer to James16's "This is Critical". http://www.forexfactory.com/showpost...ostcount=33962

The Hourly PB when right where we knew it was going to go. It was running right into a very strong S/R level, this is not just on the Hourly time frame, it is strong level on the 4 hour and Daily time frames...
hi Jarroo,
Many thanks for your excellent comment. I have been learnt that it is always important to look at the higher timeframes, no matter what timeframes being used. But in practise, I usually overlook this advice. Here is a very good example that teach me how to use it. Thank you so much.
  • #35,217
  • Jun 27, 2009 1:54am Jun 27, 2009 1:54am
Quoting billye
I remember it happen at 9am EST which is dow open time.
dow future made 1 attempt to 8480 at 8am EST
and another at dow open to 846x at 9am EST... what you see G/U is 9am EST?
not aware of what is the news of fundamentals driving this change.

my impression is peoPle have different bias toward this major S/R line on day t-f for E/U and dow...
so some wants to break up but others don't agree, Friday was in such a stag situation.

Hi billye,

Thanks for your comment. Yes, ideally we should consider news/fundamental before making decision. Nevertheless, if there are too many things to consider, it will be very hard to make decision. Therefore, I delibrately ignore news/fundamental (other than scheduled news), and concentrate on technical. I know it is not perfect but it is my preference.
  • #35,218
  • Jun 27, 2009 2:22am Jun 27, 2009 2:22am
More longer TF more easy.

More shorter TF more news boost possibles to make trade fail
more possibilities that trade not go way we want.


4H and 1d and 1W more easy

Looking daily charts also give more free time
out from pc.

Now in weekend good time to read and
knolidge suport resinstans areas and
how to use them as traiding.

this clocworks tread higly recomendet to read
http://www.forexfactory.com/showthread.php?t=155431
  • #35,219
  • Edited 1:59pm Jun 27, 2009 2:25am | Edited 1:59pm
Quote
Quote:
Originally Posted by g_j_hook@yah
Hi Jarroo, would this be concidered one of your double IBs? im not sure if the third bar needs to be inside the second? do you use this idea on the dailies?
cheers
jon

I would have to check with Dale on that. But I think its a pretty strict formation. If it doesn't seem right, as with all PA, it's an easy pass. Yes, on the Daily and Weeklies too.



Hi g_j_hook@yah,


Use the definition as follows;

The high of the current bar is less then the high of the 1st bar back and the high of the 1st bar bar back was less then High of the 2nd bar back...Of course the reverse of the same Idea for the lows.... The low of the current bar is greater then the low of the 1st bar back and the low of the 1st bar back was greater the the low of the 2nd bar back.


Why?.....

You asking your original question answers mine. If the pattern is not clear to all who see it, they may stand aside rather then trade it.

Now we are back to the idea a perfect entries and set-ups.


best regards

Dale
  • #35,220
  • Jun 27, 2009 2:32am Jun 27, 2009 2:32am
Quoting james16
i will quit after this but im passionate about stopping this. i said before i dont want to offend anyone but if it does it does.
I highly doubt you offend anyone who knows you Jim. Your passion is inspiring in so many ways to me. On such a different level for me now. At first it was for trading, now it is so much of your journey that I am passionate to learn from.

I always like the weekend, b/c it usually brings the thread into a different gear for at least a day or so.

Still looking forward to your "spiritual journey" section as it grows.

Thanks for sharing your insight with us beyond trading too
Mike
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