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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

  • #39,081
  • Jul 28, 2009 4:17am Jul 28, 2009 4:17am
Quoting Petefaders
Hi everyone. Heard so much about this thread over the years but never really checked it out, but look forward to it...it's just so BIG! lol.
Petefaders> Are you using VSA in your staretegy? Seems to me, based on highlighted circle on volume, that you are.
  • #39,082
  • Jul 28, 2009 4:22am Jul 28, 2009 4:22am
Quoting giotto
Petefaders> Are you using VSA in your staretegy? Seems to me, based on highlighted circle on volume, that you are.
Absolutely am using VSA...it's my main "indicator", so to speak. It completly gave away this down move..my initial short entry was 157.30, right at the first top based purely on VSA and supp/resist.
  • #39,083
  • Jul 28, 2009 4:26am Jul 28, 2009 4:26am
Quoting Petefaders
Absolutely am using VSA...it's my main "indicator", so to speak. It completly gave away this down move..my initial short entry was 157.30, right at the first top based purely on VSA and supp/resist.
in before "there's no real volume in forex" debate...
Grabbing the bull by the horns!
  • #39,084
  • Jul 28, 2009 4:31am Jul 28, 2009 4:31am
Quoting whitegoodman
in before "there's no real volume in forex" debate...
you mean you were using vlm since then? Yeah I dealt with the naysayers back when I started VSA, about a year ago..now it's all the rage, lol.
  • #39,085
  • Jul 28, 2009 4:31am Jul 28, 2009 4:31am
Quoting whitegoodman
in before "there's no real volume in forex" debate...
Not exactly true, in FX market they work with so called "tick based volume" for obvious reasons you probably had in mind.
  • #39,086
  • Jul 28, 2009 4:31am Jul 28, 2009 4:31am
Quoting Petefaders
Hi everyone. Heard so much about this thread over the years but never really checked it out, but look forward to it...it's just so BIG! lol.
Here's a trade I'm in at the moment.
Pete - if you read the thread you'll understand what its about - dont mean to be rude (and i aint no thread police) but there is far too much off topic stuff going on and when noobs come along they feel they cannot get to the crux of thread cos of all the filler.

Your trade looks nothing like J16 methods so please have more of a read and understand what we are doing here.

  • #39,087
  • Jul 28, 2009 4:34am Jul 28, 2009 4:34am
whitegoodman,
what do u mean?
(EDIT: i guess Pete & giotto already answered my Q)


giotto, Petefaders,
giotto, do u use VSA too?
there's a VSA thread, search Shamus' thread.
I view that thread too.
In respect to this thread, let us confine VSA views in there.
Let's concentrate on PA & james16 method here.
  • #39,088
  • Jul 28, 2009 4:38am Jul 28, 2009 4:38am
Quoting supremeChaos
whitegoodman,
what do u mean?


giotto, Petefaders,
giotto, do u use VSA too?
there's a VSA thread, search Shamus' thread.
I view that thread too.
In respect to this thread, let us confine VSA views in there.
Let's concentrate on PA & james16 method here.
No just came across VSA few weeks back,I think its worth watching even when I am trading with different strategy. Anyway, back to PA
  • #39,089
  • Jul 28, 2009 4:43am Jul 28, 2009 4:43am
sorry, didnt mean to get off track..just bored
  • #39,090
  • Jul 28, 2009 4:47am Jul 28, 2009 4:47am
Petefaders,
it's ok.
getting off track is as much as possible avoided, but getting bored is ok.
  • #39,091
  • Jul 28, 2009 4:52am Jul 28, 2009 4:52am
Quoting whitegoodman
in before "there's no real volume in forex" debate...
ROFL, I'd say Im the only one here who gets that.

Quoting Petefaders
Hi everyone. Heard so much about this thread over the years but never really checked it out, but look forward to it...it's just so BIG! lol.
Here's a trade I'm in at the moment.
http://i28.tinypic.com/2116zv7.jpg
I have no idea how you trade with all of that on your chart, when I had all that type of stuff on my chart I couldn't trade to save my life, everything I had became a reason for price to do such and such. More power to you anyway.

Either way, no offence but it's not J16 Material so it would be cool if we all stayed on topic in the thread.

Regards,
Jig
  • #39,092
  • Jul 28, 2009 5:04am Jul 28, 2009 5:04am
Quote
ROFL, I'd say Im the only one here who gets that.

Jigsaw,
I" knew" it initially, I just want him to directly clarify.
but with your comment, "it" must be what whitegoodman's post really means. Your pretty naughty Jig, go back to the gym
  • #39,093
  • Jul 28, 2009 5:11am Jul 28, 2009 5:11am
Hey guys. I'm in the very early stages of trying to understand Rac's posts. For those that have better understanding... wondered if this might be a zone he'd be watching.

I'm not sure I'll get a reply from him, since he's not posting for a bit.

BTW, I'm not looking to trade any of these touch entries. Just thought it might help me learn trendlines to better understand his type of trading too...

Thanks,

Josh
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  • #39,094
  • Jul 28, 2009 5:20am Jul 28, 2009 5:20am
Quoting supremeChaos
Jigsaw,
I" knew" it initially, I just want him to directly clarify.
but with your comment, "it" must be what whitegoodman's post really means. Your pretty naughty Jig, go back to the gym
nonono,

You misunderstood me. It's like a joke from another forum which I know Whitegoodman and I frequent, it's the "in before" bit which I was referring to, I burst out laughing when I saw it.


Quoting Jduester
Hey guys. I'm in the very early stages of trying to understand Rac's posts. For those that have better understanding... wondered if this might be a zone he'd be watching.

I'm not sure I'll get a reply from him, since he's not posting for a bit.

BTW, I'm not looking to trade any of these touch entries. Just thought it might help me learn trendlines to better understand his type of trading too...

Thanks,

Josh
Rustyjeff is probably the guy who you would want to talk to about that one if Rac himself won't be here for a while.

Strong looking level though
  • #39,095
  • Jul 28, 2009 5:33am Jul 28, 2009 5:33am
buenas noches.

This is what I am watching at the moment.

Pro: top of range 8h pin bouncing off a decent resistance level - which is also the 50 retrace for the aussies huge decline last year (aka the 'joel cant afford to go to new york anymore' decline.. isnt shown on this chart, and im too lazy to reattach

con: goes straight into a strong PPZ

variance: wall st about to open which could cause the aussie to act a fool.

I will probably play a break of 78 and hold down to the PPZ and then watch it like a hawk. Or a kookaburra, as the case may be.

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When you have to shoot, shoot. Dont talk.
  • #39,096
  • Jul 28, 2009 5:33am Jul 28, 2009 5:33am
Quoting Jduester
Hey guys. I'm in the very early stages of trying to understand Rac's posts. For those that have better understanding... wondered if this might be a zone he'd be watching.

I'm not sure I'll get a reply from him, since he's not posting for a bit.

BTW, I'm not looking to trade any of these touch entries. Just thought it might help me learn trendlines to better understand his type of trading too...

Thanks,

Josh
Very few of us could help you with that, Rac's crystal ball is only one and he posses it.

I practice blind trades myself, but I don't think I come anywhere near him in style, experience etc etc

But I agree with Jig, Jeff could assist you at best. right now he's off the deck for a while so you're in with a good chance.

Ghous.
I believe . . .
  • #39,097
  • Jul 28, 2009 5:42am Jul 28, 2009 5:42am
Quoting joelcf
buenas noches.

This is what I am watching at the moment.

Pro: top of range 8h pin bouncing off a decent resistance level - which is also the 50 retrace for the aussies huge decline last year (aka the 'joel cant afford to go to new york anymore' decline.. isnt shown on this chart, and im too lazy to reattach

con: goes straight into a strong PPZ

variance: wall st about to open which could cause the aussie to act a fool.

I will probably play a break of 78 and hold down to the PPZ and then watch it like a hawk. Or a kookaburra, as the case may...
Good one Joel,

Long nose, swing high, divergence,

I have my ppz level just abt where the 8H pin bar closed. Could be a fair play if it breaks quick.

Ghous.
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I believe . . .
  • #39,098
  • Jul 28, 2009 5:47am Jul 28, 2009 5:47am
Swing high, divergence,

resistance from the protruding tail from a previous bar which marked the swing high (a concept I also use with my blind trades)



Ghous.
Attached Image
I believe . . .
  • #39,099
  • Jul 28, 2009 5:48am Jul 28, 2009 5:48am
Quoting giotto
No just came across VSA few weeks back,I think its worth watching even when I am trading with different strategy. Anyway, back to PA
If you or Peter could explain this VSA to us, that would be great...I'm unfamiliar with this....

Also, Giotto, please explain the tick volume in more detail...sounds very interesting....I have the ability to make tick charts with my trading software, but I'm unsure of it's importance....I think your insights on this could really enlighten the rest of us...

Thanks in advance!

GregB
  • #39,100
  • Jul 28, 2009 5:48am Jul 28, 2009 5:48am
Jduester,
apart from what Jigsaw & ghous have said, u can try & PM ikki. i believe he has made several PM's with rac in the past.
alternatively, PM rac directly as your question may/may not involve raczekfx's undisclosed proprietary system/method & other "voodoo".
I intend to frequent-PM him in the near future as i idolize him too.
LONG LIVE rac/Mark



Quote
nonono,
You misunderstood me. It's like a joke from another forum which I know Whitegoodman and I frequent, it's the "in before" bit which I was referring to, I burst out laughing when I saw it.

Yesyesyes, lol
the bodybuilding forum?
anyway, i believe we are talking of the same thing (that joke). i am not aware of that particular joke, but i immediately understood the context.
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