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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

Quoting ghous
Good bars at good locations doing what they love to.

I think its also important to note, that this was a ppz on a weekly timeframe, and it tried for a few days to get through

Could throw some fibs in there too
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Quoting scott087
Your analysis looks great! There were a few bar highs/support at 1.76, but it seems to be breaking through them. I'm also looking at 1.75, as it a big round number and a weekly ppz going pretty far back in time. I usually like to set an alert and see the price react to the round numbers, so I can get a feel for where price wants to go.

In this case I will be looking for 1.73 as a final TP...if it gets there, great. If not, I have profit locked on my remaining lots risk free.
Yes, if the EURAUD could test 1.75, that would break the mini up-trendline.

Is it still in the mini up-trend within the major down trend...aiming for 1.82, or will it break the mini up-trendline? Only the PinBar will reveal the mystery!

It's nice to be able to analyse the situation when you are sitting on a no risk trade isn't? lol...

GregB
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Quoting tac
A tip, if you are using firefox as your browser, there is an free addon called autopager. It basically allows you to scroll the whole thread without having to click each new page. It loads a page at a time as you near the bottom of the page.
Thanks very much for this tac, it really does make reading this thread a lot easier
Don't think anyone mentioned this pin on Eur/Gbp, which i took but only up 40 ish pips at the moment, better than a loss.
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Quoting Billy73
Don't think anyone mentioned this pin on Eur/Gbp, which i took but only up 40 ish pips at the moment, better than a loss.
Better than a kick in the butt with a frozen boot! It may be the beginning of the continuation of the larger down trend...you never know...

0.8479 looks good for Target 1 or perhaps the 365 ema at 0.8380

GregB
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how do you get shaded areas in prorealtime? ... the ones around your horizontal lines?
Grabbing the bull by the horns!
Quoting whitegoodman
how do you get shaded areas in prorealtime? ... the ones around your horizontal lines?
Go to Options/ProRealTime Settings ... Then make sure the 2 boxes for "Display Hot Zones" are checked off... Let me know if it works...

GregB
Quoting tac
A daunting task (on page 14 at the moment) however I feel I could potentially miss some golden nuggets if I skim or skip.
Protip: it wont take anywhere near as long as you think. The signal:noise gets pretty low from time to time, there are stretches of 10+ pages with nothing useful

Good on you for putting in the effort, though. It is well worth it. Most people wouldnt put in so much work.

Most people fail.

I know correlation != causation and all, but...

..

Edit: also, dont just read. take notes.

I use evernote, it is perfect. MS OneNote would work as well. Both have firefox extentions to make clipping a breeze.

Both will let you clip useful snippets, paste in charts (which is 75% of the gold you are mining for), tag things to remember/research, index your collection so you can find things.
When you have to shoot, shoot. Dont talk.
Quoting scott087
Your analysis looks great! There were a few bar highs/support at 1.76, but it seems to be breaking through them. I'm also looking at 1.75, as it a big round number and a weekly ppz going pretty far back in time. I usually like to set an alert and see the price react to the round numbers, so I can get a feel for where price wants to go.

In this case I will be looking for 1.73 as a final TP...if it gets there, great. If not, I have profit locked on my remaining lots risk free.
Took this trade myself as posted yesterday closed all at 176 if price really goes to 173 I will go long this had lots of macd a few weeks ago,I had 2 sell orders 1.7814 & 1.7950 both just %1. Wished the latter got triggered,played this by the book s/l top of pin.Scott you will find backtesting

1. Retrace near a major ppz with confluence fib, weekly ppz 4hr s/r are the way to go seems we all know this but I myself sometimes force the issue if I just could wait for the obvious my account would be LARGER!

2. Patience easy to say harder to do, Let the game come to you.

3. By doing this your s/l sure helps your pip size, then when price runs down or up your already in profit on a daily bar and can shut it down in profit when others are handcuffed when it bounces off the low or high.

Just some thoughts you probalbly already know this but it helps to tell myself this anyway Btw nice trade.
Sure like to see this reach the treadline to see pa to short oh that dot that amused some of you is the blue man band blimp. Seems fiber is winding up think Ill just pop some tops






Edit: That 23 fib should say support is toast my bad obviously not the 23 fib
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hey guys im looking at a chfjpy chart. i wish i could post it but it is in dealbok and i cant figure out how to save a picture of my screen like i can on mt4. the prob is my mt4 broker doesnt offer this pair.

anyway it is 4 daily ibs in a row followed by a nice pinbar which seems to be at or near a swing low, although not at a great location. the other thing is the pinbar is almost an ib too but it closed slightly higher by a few pips and the pb is indicating long as well. is this playable??? if somebody has this pair would you mind posting a daily chart.

because i have 0 confidence in this setup (coz ive never seen it before) im going to sit on the sidelines and watch but i wouldnt mind some input.

also if anyone is using dealbook can you please tell me how to take a picture of my screen and please dont say f12 coz i cant get that to work either.
thanks, john
Quoting johnnykanoo
hey guys im looking at a chfjpy chart. i wish i could post it but it is in dealbok and i cant figure out how to save a picture of my screen like i can on mt4. the prob is my mt4 broker doesnt offer this pair....
Hey John

Here is a chart for ya, but nothing of the sorts as described above. Possibly just the different closing times, but let me know if you are confused about something.

Mike
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Quoting 4fun
Took this trade myself as posted yesterday closed all at 176 if price really goes to 173 I will go long this had lots of macd a few weeks ago,I had 2 sell orders 1.7814 & 1.7950 both just %1....
The 1.73 area looks like a great place to go long. There is a big ppz in that area along with 1.75. I'd like to see nice PA off this area on weekly/daily to go long from.

I'm assuming you were talking about this bullish divergence on MACD? (see chart)

-Scott
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Quoting johnnykanoo
hey guys im looking at a chfjpy chart. i wish i could post it but it is in dealbok and i cant figure out how to save a picture of my screen like i can on mt4. the prob is my mt4 broker doesnt offer this pair....
Hey John:

Personally, I will become interested in a long on CHFJPY if it closes above 86.79. that would create a nice weekly (or 6 - 7 day) PinBar bouncing off of the 85.18 monthly support level (which just happens to be a 38.2% retrace off of high) and a possible confluence bounce off of lower ascending channel up trendline....

If I was correct, that would leave a +pippage window of opportunity to gain approx 180 pips to 88.59 weekly resistance or possibly even +500 pips to the 91.86 monthly resistance level...

Just my opinion though...

Attached is the chart....

GregB
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welcome tac.

i think the best approach is to balance staying current with the thread and reading from the beginning.

in other words dont get to wrapped up in reading the whole thing as fast as you can.

stay current and give yourself plenty of time to read it.

learn a coiple of basic bars, learn how we look at support/resistance and have fun with it while your learning.

very simple stuff and pretty darn easy to get good at if you approach it in the corect manner.

resist the temptation to go as fast as you can.

follow the outline and basic info in post 1 and feel free to ask any question either here or thru my personal email.

jim

Quoting tac
A daunting task (on page 14 at the moment) however I feel I could potentially miss some golden nuggets if I skim or skip. I see some have read the thread multiple times which is an achievement in itself. I have trader for around a year but never really got anywhere, although using PASR I was all over the place, this thread is a godsend.

So I guess most of the regulars have read the entire thread?

Thanks

TAC
exactly.

jim

Quoting batesmotel
Lol...I'm slightly ahead of you (page 55 of 2,493)....I think you have to read a little everyday, and also follow the new posts as well....

GregB
Quoting pipmax
Hallo guys
look on this (AUD$ Daily) PB.
Enter long above the 0,7900, think itīs not a A+trade but enough for quick play up to 0,8100 or 0,8200..........
Greetings Martin,
i havent checked my charts...
but looking at your aud$ daily chart, it seems the area where your buy stop
is, could be the next resistance/PPZ/traffic area (+/- 0.79 - 0.7930 area).

Not sure i'm late with this reply, though. (your buy stop might have already been triggered).
Do post more for us to learn from &/or make analysis off.



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Quoting pipgame
Hello everyone....
It is my first question here, ...
Is this right Pin Bar or not?...
pipgame
Hi pipgame,
from the chart in this post, i can see u are learning/using THV.
(I have been reading that thread too)

THV is mainly for scalping but it can be used with H4 & up charts.
I suggest u dont mix a scalping method (THV) with a non-scalping method (james16). if u are new at both methods, u would get confused.

depending on your circumstance, i suggest u concentrate more of your time in learning james16 method (support/resistance, PPZ, confluence, etc). once u are really good at using the j16 method (in H1, H4 & up), then u can try slowly dropping down on the timeframes (M5 - M30/H1) & use THV (& others).

in my opinion & personal experience, james16 method enhances THV & other methods, for that matter. this is because james16 method is basic stuff. U can say that james16 method is the root/trunk of a tree. from that root/trunk, it branches out to many varied/different fruits (different methods such as THV, etc)

Again, i say, post more to learn more.



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There goes the spring...
ghous,
Nice one.
For those who use Bollinger bands, this spring is called a "squeeze" (range tightening before a breakout; "low volatility begets high volatility")
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Nobody answer my reply don't know why but here it's the result ,Got it u/cad 150+
egkid,
no need to get frustrated/disappointed.
This is a HUGE thread, not all posts will be read by many (& therefore may fail to get replies). add to that we are trading a 24hour market, not everyone is online ALL the time.
anyway, nice trade. so do post more!


Quoting kean
Hi Aaron,
I am looking at the use of divergence at the moment and I thought exactly the same as you when I saw Stoli's post. I have since found there to be two kinds of divergence, regular and hidden. I just wondered how you got on with this as I have not got my head around it yet and I don't want to over complicate something that is maybe something simple....
kean,
u are correct IT IS simple.
the simplest way to look at it is:
regular divergence = trend reversal (usually happens near/at end of trends)
hidden divergence = trend continuation (usually happens within trends)


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Just wondering why FF shows the two suggested similiar threads at the bottom of the screen? They have nothing to do with PA.
Lefta,
lol. u can simply ignore them. just like within the charts.


Quoting vijay s.
Assuming we get a good close, this looks like a good short 4h trade.
vijay s,
looking at your chart, it looks like it's in a range.
may or may not be tradable, so be careful.


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Time to crack open a cold one I think...
GregB (just watch...I'll lose the next 3 in a row...)
batesmotel/GregB,
Nice job..
but no need to put in a negative thought.
Not all positives should be followed by negatives, u know.
U are doing a good job so just follow through on it.
continue plotting PPZs etc, concentrate on taking good A+ trades.
Quoting Slurpee
Thank you, Mike! I started to feel a little bad when seeing both pairs moving further now... but as you say, no need of greed.. I am happy with the result, moreover the lesson has even a higher value for me in the long run...
It's cool in here
yes, Slurpee.
go get one slurpee (ooops, )


Quoting tac
Yikes, double digits! Well Ill aim for reading it once and then Ill be able to just read the posters who I find contribute valuable information. Hopefully I can eventually give something back also..
tac,
u can slowly start contributing here by posting from time to time.


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A tip, if you are using firefox as your browser, there is an free addon called autopager. It basically allows you to scroll the whole thread without having to click each new page. It loads a page at a time as you near the bottom of the page.
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Edit: also, dont just read. take notes.
I use evernote, it is perfect. MS OneNote would work as well. Both have firefox extentions to make clipping a breeze.
Both will let you clip useful snippets, paste in charts (which is 75% of the gold you are mining for), tag things to remember/research, index your collection so you can find things.
tac, joelcf,
thanks for sharing these tips.
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