james16 Chart Thread | Page 1883 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #37,641
  • Jul 15, 2009 11:35pm Jul 15, 2009 11:35pm
thanks for james16 master,

when i say quantitative logic i just mean if there is maths involves in the derivation of these reversal patterns.

i see many candlestick patterns failed even for the famous ones, and wonder why james16 patterns work and wonder how they are derived.

can i say that they were based purely on your experience and observation?

cheers.

Quoting james16
what is quantitative logic?

is that fancy lingo for all the times i lay shaking in the floor in the fetal position after losing next months trailer payment?

im serious.

help me out and i will try to answer.
  • #37,642
  • Jul 15, 2009 11:37pm Jul 15, 2009 11:37pm
Quoting james16
the shift key is reserved for certain people.

usually my elders but not always.

I'm 8 1/2 years older than you.
NOW you got me canundrumming.
  • #37,643
  • Jul 15, 2009 11:38pm Jul 15, 2009 11:38pm
... that was quick ,jarroo.
i was about to post the exact same gbp$ consolidation as it was very recent.
anyway, here was my related post on that:

Quote
....1.6600 may or may not hold..
if u look at your 2 charts, the H4 PB has formed in just 3hours. the long nose says a lot about the (initial) rejection above.
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.
  • #37,644
  • Edited Jul 16, 2009 11:56am Jul 15, 2009 11:40pm | Edited Jul 16, 2009 11:56am
Here's a trade I took earlier today.
Rac's favorite

Edit: Half off at 132.30
Edit: Remainder hit breakeven @ 132.77
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_4hr.jpg Size: 60 KB
  • #37,645
  • Jul 15, 2009 11:40pm Jul 15, 2009 11:40pm
Quoting james16
also look at the nice bar on about the 8th of june.

thanks o great climate czar.
Oh yeah, that was a beauty, but you were talking about consolidation trading

so I thought . . here you go. . .
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #37,646
  • Edited 11:54pm Jul 15, 2009 11:40pm | Edited 11:54pm
Quoting james16
what is quantitative logic?

is that fancy lingo for all the times i lay shaking in the floor in the fetal position after losing next months trailer payment?
A fancy term for statistical math.
As opposed to empirical observation, a fancy term for looking at stuff.

mainly for people who want to impress people

...you could do a market analysis of buy and sell orders at a level where a pinbar has formed, examine the velocity of buy/sell orders, control the results for any kind of extrodinary items/news/etc, dig into the market structure for any impediments which add friction which can skew the outputs and result in an imperfect market, and then try and construct a solution which will give some kind of probability distribution detailing the chance of the pinbar 'succeeding', based on the given inputs...

Or you could just look at the damn chart.

(kk007: price action analysis is far too complex and subjective to be solved quantitatively. Many have tried. That is why we take a qualitative approach and use our eyeballs. It is also why any attempts to program PA will probably not work out.)
When you have to shoot, shoot. Dont talk.
  • #37,647
  • Jul 15, 2009 11:41pm Jul 15, 2009 11:41pm
Quoting kk007
thanks for james16 master,

when i say quantitative logic i just mean if there is maths involves in the derivation of these reversal patterns.

i see many candlestick patterns failed even for the famous ones, and wonder why james16 patterns work and wonder how they are derived.

can i say that they were based purely on your experience and observation?

cheers.
I want to jump on this one before James does cause I know this post will be minimized by his response.

PA Does Not Measure Technical Analysis! It Measures Market Player Sentiment. REAL Time.

bow out and exit stage left... running all the way...
  • #37,648
  • Jul 15, 2009 11:42pm Jul 15, 2009 11:42pm
Quoting ghous
hehe, James has got himself a lot of hands.

personally i like to play these consolidation battle fields on lower time frames over the mini trends. It's easier and the profit/pips potential is roughly the same (talking strictly of choppy sideways markets on daily and above) except that it requires more experience of coarse.
For example...

The same Gu daily consolidation zone Jarroo pointed out...consists of many lower time frame trends, it get's easier to spot and play the old timers.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h.gif Size: 23 KB
Attached Image
I believe . . .
  • #37,649
  • Jul 15, 2009 11:43pm Jul 15, 2009 11:43pm
yes sir but the bars are secondary to some degree.

sure they give you a heads up but what determines the outcome is the pivot zones (side to side s/r)

when we get experienced at those we have the tiger by the tail. literally.

experience is of course a personal thing.

5 traders could take the same bar break and we will get varying outcomes as im sure your aware.

bottom line is if we are experienced enough losing long term is actually rather hard.

thats not a sentence used by many in this business is it?

its true here.

at least its true for those brave souls that dared to follow post one.

jim

Quoting kk007
thanks for james16 master,

when i say quantitative logic i just mean if there is maths involves in the derivation of these reversal patterns.

i see many candlestick patterns failed even for the famous ones, and wonder why james16 patterns work and wonder how they are derived.

can i say that they were based purely on your experience and observation?

cheers.
  • #37,650
  • Jul 15, 2009 11:43pm Jul 15, 2009 11:43pm
Quoting supremeChaos
... that was quick ,jarroo.
i was about to post the exact same gbp$ consolidation as it was very recent.
anyway, here was my related post on that:
Never mind Chaos, jarroo already ran away with the early morning worm

I believe . . .
  • #37,651
  • Jul 15, 2009 11:44pm Jul 15, 2009 11:44pm
Quote
when i say quantitative logic i just mean if there is maths involves in the derivation of these reversal patterns.

kk007,
try to check the buyers & sellers volume and momentum in every PA setup involved. these should explain it, quantitatively speaking.
statistically, i believe these PA setups can be checked & proven as repetitive patterns, in all markets. actually, "backtest by eyeball" can already prove their viability.
hope i made sense.
  • #37,652
  • Jul 15, 2009 11:45pm Jul 15, 2009 11:45pm
Quoting Bemac
I want to jump on this one before James does cause I know this post will be minimized by his response.

PA Does Not Measure Technical Analysis! It Measures Market Player Sentiment. REAL Time.

bow out and exit stage left... running all the way...
Can I have that for my Sig Bemac, plzzzz...

I believe . . .
  • #37,653
  • Jul 15, 2009 11:49pm Jul 15, 2009 11:49pm
Quoting ghous
Can I have that for my Sig Bemac, plzzzz...
Anything I post to the web without @ is open slather & therefore available for anyone to use.

Just don't make me appear to be offensive or I'll tear your.... And... and then I'll....


Seriously: If you feel it says something for you... feel free.
  • #37,654
  • Jul 15, 2009 11:49pm Jul 15, 2009 11:49pm
Quoting CkM8
Here's a trade I took earlier today.
Rac's favorite

Quoting PippingMama
Hello Jarroo,

I will use 132.5 be my first target to move BE.

What do you think? Are u in this trade?


Pipping
Quoting jarroo
Yes, I took a small position. 132.50 looks good for a 1st target.

Let's see if she runs.

PippingMama and I took this one a little earlier too. The Pin Bar is a bit small but the Location and supporting confluences are great.

I wonder what Pipping is dreaming about now.

lol
Attached Image (click to enlarge)
Click to Enlarge Name: ej4.gif Size: 25 KB
Indicators show the past. Price Action "Indicates" the future.
  • #37,655
  • Jul 15, 2009 11:52pm Jul 15, 2009 11:52pm
ahh the brilliance of this old fart is beyond description.

bemac actually remembers rulers, pencils and graph paper like i do.

what would you guys do if you had to chart like we used to?

i still actually do it for fun sometimes.

ken sells great graph charts so i dont have to make them.

i love that guy. i swear i love that guy.

talk about taking it on the chin for several decades.

undeserved in my opinion.

solid human being in every respect imho.

ken who?

i aint sayin.

someone else can.

jim







jim

Quoting Bemac
I want to jump on this one before James does cause I know this post will be minimized by his response.

PA Does Not Measure Technical Analysis! It Measures Market Player Sentiment. REAL Time.

bow out and exit stage left... running all the way...
  • #37,656
  • Jul 15, 2009 11:52pm Jul 15, 2009 11:52pm
Quoting ghous
never been at the DIBS as such so can't say...
no worries. your own observation of the "spring" is really good.
yesterday, i mentioned, that this "spring", is called the "squeeze" in Bollinger bands lingo. mainly the same thing but called differently.


Quoting ghous
Never mind Chaos, jarroo already ran away with the early morning worm
yes, it tells me im still really sleepy.



Quoting Bemac
....
bow out and exit stage left... running all the way...
. this seems to be the only one i understood in your cryptic sentences/phrases for today.
  • #37,657
  • Jul 15, 2009 11:54pm Jul 15, 2009 11:54pm
What is Graph Paper? Is that a website or new mt4 broker.

Quoting james16
ahh the brilliance of this old fart is beyond description.

bemac actually remembers rulers, pencils and graph paper like i do.

what would you guys do if you had to chart like we used to?

i still actually do it for fun sometimes.

ken sells great graph charts so i dont have to make them.

i love that guy. i swear i love that guy.

talk about taking it on the chin for several decades.

undeserved in my opinion.

solid human being in every respect imho.

ken who?

i aint sayin.

someone else can.

jim







jim
  • #37,658
  • Jul 15, 2009 11:57pm Jul 15, 2009 11:57pm
nope. its a paper product mikey.

actually it used to have two uses for me in the old days.

charting and as a substitute rolling paper.

i was poor in those days mike.



Quoting mbqb11
What is Graph Paper? Is that a website or new mt4 broker.
  • #37,659
  • Jul 15, 2009 11:58pm Jul 15, 2009 11:58pm
Quoting james16
ahh the brilliance of this old fart is beyond description.

bemac actually remembers rulers, pencils and graph paper like i do.

what would you guys do if you had to chart like we used to?

i still actually do it for fun sometimes.

ken sells great graph charts so i dont have to make them.

i love that guy. i swear i love that guy.

talk about taking it on the chin for several decades.

undeserved in my opinion.

solid human being in every respect imho.

ken who?

i aint sayin.

someone else can.


jim

That must have been crazy, especially on the 15 min chart. lolol.

Ken Roberts. Cigar smoking, 1-2-3 tops/bottoms guy.
Indicators show the past. Price Action "Indicates" the future.
  • #37,660
  • Jul 16, 2009 12:00am Jul 16, 2009 12:00am
nope just daily/weekly/monthly.

who?

if you say so.

Quoting jarroo
That must have been crazy, especially on the 15 min chart. lolol.

Ken Roberts. Cigar smoking, 1-2-3 tops/bottoms guy.
46 traders viewing now