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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

  • #40,981
  • Aug 14, 2009 5:15am Aug 14, 2009 5:15am
I have seen a few posts about silver and gold as well as oil and ther commodities... is it fair to say that the J16 pa will apply to all these? as they dont seem to translate that well to equities....
  • #40,982
  • Edited 4:14pm Aug 14, 2009 5:28am | Edited 4:14pm
You have any questions 4xkiwi?


I gotta go. lol
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #40,983
  • Aug 14, 2009 5:41am Aug 14, 2009 5:41am
Hey there,
I'm new in here. I'm interested in FX and
made some successful experiences with a
demo software.
Now,before I'll take it to the next level I'd like
to get to know more about trading strategies.
Does anybody know a good page, book or sth. where
stategies are well explained?
To me you all seem to be professional traders.
Where do you have your skills from?

Best regards,
F.
  • #40,984
  • Aug 14, 2009 5:50am Aug 14, 2009 5:50am
Quoting jarroo
You have any questions 4xkiwi?


I got go. lol
Bad Boy!



I believe . . .
  • #40,985
  • Aug 14, 2009 5:52am Aug 14, 2009 5:52am
Quoting salisa
I have seen a few posts about silver and gold as well as oil and ther commodities... is it fair to say that the J16 pa will apply to all these? as they dont seem to translate that well to equities....
It always does Salisa,

It's just that the gaps between bars make it look untidy, but PA rocks...absolutely anywhere!

PS go through the last few posts of James16, he mentioned a non-fx chart where he took a gr8 looking BUOB off a sweet double bottom.

EDIT: here it is:

POST

It was a stocks chart he threw in I guess...

Ghous.
I believe . . .
  • #40,986
  • Aug 14, 2009 5:55am Aug 14, 2009 5:55am
Quoting forexrex
Hey there,
I'm new in here. I'm interested in FX and
made some successful experiences with a
demo software.
Now,before I'll take it to the next level I'd like
to get to know more about trading strategies.
Does anybody know a good page, book or sth. where
stategies are well explained?
To me you all seem to be professional traders.
Where do you have your skills from?

Best regards,
F.

Read the first 150 pages of this thread.
Best book I ever read

Ben


PS - watch the videos at the guest area: http://www.james16group.us/Guests/guestmaterial.html
  • #40,987
  • Aug 14, 2009 5:57am Aug 14, 2009 5:57am
hi ghous,

Take a look at pin bar at GJ should we take it or if not why.
  • #40,988
  • Aug 14, 2009 6:01am Aug 14, 2009 6:01am
Quoting forexrex
Hey there,
I'm new in here. I'm interested in FX and
made some successful experiences with a
demo software.
Now,before I'll take it to the next level I'd like
to get to know more about trading strategies.
Does anybody know a good page, book or sth. where
stategies are well explained?
To me you all seem to be professional traders.
Where do you have your skills from?

Best regards,
F.
Hi Rex,

and congratulations on your first post!

If you've had a good experience at a demo account than you really should know how you trade, the questions you ask are precisely what a demo is utilized for,

If you haven't found solutions to these questions yet, your demo needs to keep going and all "moving to the next level" thoughts need to be kept aside.

We got our skills from James16, but duh! He didn't place a charm on us, he showed us the way and we found ourselves the edge over the majority of traders that fail in this business, by putting in the efforts and time it required.

ghous.
I believe . . .
  • #40,989
  • Aug 14, 2009 6:13am Aug 14, 2009 6:13am
Quoting nasir.khan
hi ghous,

Take a look at pin bar at GJ should we take it or if not why.
The 4H one?

No more trades for me now...it's kinda late into Friday, (the bar doesn't break after more than 2 hours at my feed....typical late Friday stuff)

it's far from "the really obvious" anyways...

with that long upper wick it gives off that indecision bar aroma,

A hard break might still make it playable, but it isn't a setup in my court.

ghous
Attached Image
I believe . . .
  • #40,990
  • Aug 14, 2009 6:33am Aug 14, 2009 6:33am
Quoting jarroo
You have any questions 4xkiwi?


I got go. lol

Oooh La La!!
  • #40,991
  • Aug 14, 2009 6:34am Aug 14, 2009 6:34am
Quoting faizal82
hi cyrus
......
i have been using the j16 material for ove 6 mths now and have found it easier to just trade what i see on one time frame and manage the trade on that time frame.
Congrats faizal82! does "82" mean 1982?
since u are profitable now, hope u can post more here from now on to share your views & experience.



Quoting jarroo
You have any questions 4xkiwi?
I got go. lol
i thought i was the only 1 who noticed....
  • #40,992
  • Aug 14, 2009 7:00am Aug 14, 2009 7:00am
Nice! breakout on NZDCAD triggered my BUOB buy AND took out my TP1(in 1 hour)...SL to BE....letting the rest run.

http://cloud.forexfactory.com/attach...1&d=1250209595

GregB
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad1 daily.gif Size: 17 KB
  • #40,993
  • Aug 14, 2009 7:06am Aug 14, 2009 7:06am
Quoting batesmotel
Nice! breakout on NZDCAD triggered my BUOB buy AND took out my TP1(in 1 hour)...SL to BE....letting the rest run.

http://cloud.forexfactory.com/attach...1&d=1250209595

GregB
You're nailing them perfectly Greg,

3 months down the road and you're throwing in gems like these into the mix,

Oh and did I tell you you're an above average learner...I was and still am only average which makes me feel you're going to go a looonggg way!





Ghous.
I believe . . .
  • #40,994
  • Aug 14, 2009 7:12am Aug 14, 2009 7:12am
Quoting ghous
You're nailing them perfectly Greg,

3 months down the road and you're throwing in gems like these into the mix,

Oh and did I tell you you're an above average learner...I was and still am only average which makes me feel you're going to go a looonggg way!





Ghous.
Ghous, you are a lot more than just an average learner....thanks for the compliment...I have been zeroing in on the vets and their examples....I've only been here for a month, but some of the best trades that I've seen here in a month have been yours....

GregB
  • #40,995
  • Aug 14, 2009 7:17am Aug 14, 2009 7:17am
Quoting batesmotel
Nice! breakout on NZDCAD triggered my BUOB buy AND took out my TP1(in 1 hour)...SL to BE....letting the rest run.

http://cloud.forexfactory.com/attach...1&d=1250209595

GregB
Nice one, I thought about playing that continuation BUOB but decided against it.
I hear and I forget. I see and I remember. I do and I understand.
  • #40,996
  • Aug 14, 2009 8:11am Aug 14, 2009 8:11am
Quoting jarroo
Its a good point faizal, sticking to the time frame your trading. But it is important to know where higher time frame PPZ levels are located and also if a higher time frame PA is in agreement with your current time frame.

Meaning, you don't want to trade a 4 hour Bullish PB into a Weekly BEOB, unless you realize that the 4 hour PB Bullish maybe short lived.
Hi Guys,

Thanks for your insights.

I'm kinda new to this methodology, but not that new to trading actually.

If I could add on my 2 pips to Jarroo's comment above, I find that a multi-timeframe approach is always beneficial.

If there's a pinbar in the daily, and the following trading day, a bullish pinbar in the 4hour and another in the 1hour, we in essence, have ALOT of conviction to go long, possibly with more size, since the daily "tide" is pushing price up strongly. Better still if this is in the direction of the trend.

If there is a daily bullish pin, but a 4hour bearish setup, the odds of hitting a homerun in the 4hour are drastically smaller than in the daily.
IE: an A grade daily bullish pinbar, possibly creates an uptrend in the 4hour and almost certainly in the 1hour.

My 2 pips pse. =)

Btw, Jarroo, the comments you've made are helping me connect the dots for James' PA + PPZ methodology. It's much appreciated.
One Mind, Any Market
  • #40,997
  • Aug 14, 2009 8:31am Aug 14, 2009 8:31am
Quoting jarroo
18 to 20 pairs. I'm also starting to look at trading Silver and Gold.
Hi Jarroo, might I ask what timeframes you look at for all these pairs?
One Mind, Any Market
  • #40,998
  • Aug 14, 2009 9:03am Aug 14, 2009 9:03am
Man! What do you have to do to get a runner?! Oh, well...

Bounce off of the 0.7400?

GregB
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad1 daily.gif Size: 16 KB
  • #40,999
  • Aug 14, 2009 9:43am Aug 14, 2009 9:43am
"If there is a daily bullish pin, but a 4hour bearish setup, the odds of hitting a homerun in the 4hour are drastically smaller than in the daily."

- very true and this must be considered.

don’t get me wrong i do look at multiple time frames when considering to enter a trade, however i normally place stops, limits / trail from one time frame. This is just the way i like to do it though and as we know there are many different ways of successfully applying this material.

happy trading.

ps how do you enter a quote in your post?
  • #41,000
  • Aug 14, 2009 9:44am Aug 14, 2009 9:44am
Quoting forexrex
Hey there,
I'm new in here. I'm interested in FX and
made some successful experiences with a
demo software.
Now,before I'll take it to the next level I'd like
to get to know more about trading strategies.
Does anybody know a good page, book or sth. where
stategies are well explained?
To me you all seem to be professional traders.
Where do you have your skills from?

Best regards,
F.
Hey Forexrex,

I was in a comparable situation...I started with a demo account and in addition I have read some short introductions about Fx trading. Now I trade and it works out quite well… In general I would agree with ghous that practice on your demo account provides you with the most insides. However, a bit theory underpins your practical skills. All brokers offer short introductions to Fx trading. As I used a demo account of Varengold and the corresponding introduction to fx trading, I can recommend it to you. The introduction is short and quite useful. However, keep practicing! Thats most important!

Good luck and greetings from Finland
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