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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

  • #42,161
  • Aug 26, 2009 1:08pm Aug 26, 2009 1:08pm
Quoting benji533
Hi rac,

That is a pretty cool trade.
Just a question..based on what did you enter? I can see that your entry is before the break of the pin...right?

And by the way, look how it stopped exactly on a round number

Thanks,

Ben
an IB break to the long side. I don't pay attention to round numbers.
PPZs is all that matters.
  • #42,162
  • Aug 26, 2009 1:28pm Aug 26, 2009 1:28pm
By StoragePro
Quote
PPZ's are PPZ's. They will usually stop price.

Quoting nasir.khan
Hello every one,

GU is breaking its PPZ, 365 EMA (4H) and Trend line.

GJ is breaking its PPZ, 89 SMA (Daily), Breaking IB (4H+Daily) and tested Trend Line several times and broke it.But its also sitting at 61.8% retracment level.

Quoting joelcf
Looks good, but beware of the bigass PPZs below

Attachment

Attachment
Thank's guys things are getting more clear day by day.
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  • #42,163
  • Aug 26, 2009 1:48pm Aug 26, 2009 1:48pm
Quoting raczekfx
I did last week, this week no... I do a lot of flying this week.

btw: if anyone has a spare carbon wing tube for this bird pls PM me.

Sounds like someone might have had a rough landing....
  • #42,164
  • Aug 26, 2009 1:50pm Aug 26, 2009 1:50pm
Quoting rustyjeff
looking at the 4hr..
this has all the hallmarks of playing a retrace to me..


look for a Rac fave on this one.......
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Simplicity is the key to success
  • #42,165
  • Aug 26, 2009 1:54pm Aug 26, 2009 1:54pm
good lord. 16 and talking about not being picky enough with his trades.

your tripping me out man.

who was the other young gun the other day that said he was bens age or close to it?

ben you dont mind me having a little fun with your age do you?

no? good i knew you wouldnt mind.

sweet dreams ben and dont let the bed bugs bite. oh and check that night light buddy.

sorry my friend i just couldnt resist.

no one is allowed to jack with ben but me.

im officially announcing that im looking out for our junior member.

who was that other youngster?

anyone under 18 needs to speak up right now.




Quoting benji533
It was a busy trading day for my...after missing yesterday trades...

I had 4 intraday trades...4 are winners and another two open on daily.
Not king of R:R, but happy.

I think I am not as picky as I should ...but it works
Price Action !!! Thanks to this thread! It should be removed from the commercial section by all means!

Hope everyone is doing well...and having a great evening (at least here) I'm off to bed

Ben
  • #42,166
  • Aug 26, 2009 1:54pm Aug 26, 2009 1:54pm
Quoting james16

anyone under 18 needs to speak out right now.
I just turned 17
  • #42,167
  • Aug 26, 2009 1:57pm Aug 26, 2009 1:57pm
Quoting mbqb11
I just turned 17

bloody young snappers...
  • #42,168
  • Aug 26, 2009 2:03pm Aug 26, 2009 2:03pm
which is just slightly less than the total of the 10 to 9 loss your yanks took to my rangers last night.







Quoting mbqb11
I just turned 17
  • #42,169
  • Aug 26, 2009 2:03pm Aug 26, 2009 2:03pm
Quoting james16
which is just slightly less than the total of the 10 to 9 loos your yanks took to my rangers last night.

asdffffffffjlk;asfd
  • #42,170
  • Aug 26, 2009 2:06pm Aug 26, 2009 2:06pm


gonna be worse tonight.

just trying to prepare you.

Quoting mbqb11
asdffffffffjlk;asfd
  • #42,171
  • Aug 26, 2009 2:10pm Aug 26, 2009 2:10pm
Hey mbqb11 how did spelling of loss changed into loos in your post when you quoted James.
  • #42,172
  • Aug 26, 2009 2:11pm Aug 26, 2009 2:11pm
Quoting raczekfx
an IB break to the long side. I don't pay attention to round numbers.
PPZs is all that matters.
Rac,

just wanted to clarify, you bought on the break of the bar with the yellow arrow? You saw the buovb begin to form, and instead of waiting for the bar to close as a buovb and wait for the traditional entry trigger, you bought when the high of that bar was breached. is that correct?

Ross
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  • #42,173
  • Aug 26, 2009 2:18pm Aug 26, 2009 2:18pm
Quoting nasir.khan
Hey mbqb11 how did spelling of loss changed into loos in your post when you quoted James.
i'm so fast at quoting he prob went back with spell checker
  • #42,174
  • Aug 26, 2009 2:26pm Aug 26, 2009 2:26pm
Quoting mbqb11
i'm so fast at quoting he prob went back with spell checker
Thats ok but be careful when i am online.:nerd:

Quoting supremeChaos
& the winner of the 'mystery misspelling game' is nasir khan!
Nice catch!
so u did pay attention to that post huh, lol
Thanks for playing my game..
  • #42,175
  • Aug 26, 2009 2:27pm Aug 26, 2009 2:27pm
Yup, learning to trade as a teenager would have been cool. Especially if I had James as a mentor..........I'd be a feekin' billionaire by now.

At least us old guys are going to remember a time when big brother wasn't trying to control every aspect of our lives.

Damn, I remember people smoking in the grocery store.

I'm glad I was born when I was, about a million years ago.
  • #42,176
  • Aug 26, 2009 2:31pm Aug 26, 2009 2:31pm
Quoting rossbennett
Rac,

just wanted to clarify, you bought on the break of the bar with the yellow arrow? You saw the buovb begin to form, and instead of waiting for the bar to close as a buovb and wait for the traditional entry trigger, you bought when the high of that bar was breached. is that correct?

Ross

I think a few people took this trade..
Just as an example.. this is a conservative trade using J16 & common sense..

4hr buob.... obvious..

where likely to go?? fib retrace to start...
When not in front of comp. or busy with 5m stuff I set & forget.

result.. not as many pips as Rac. but just as probable to work..

point is.. Look after your capital first.. trade with defined rules & profits will look after themselves....
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  • #42,177
  • Aug 26, 2009 2:35pm Aug 26, 2009 2:35pm
Any comments for PB's at GU and GJ.

GU jumped at 61.8 FIb extention.

Gj failed to close below 61.8 Fib and IB.
  • #42,178
  • Aug 26, 2009 2:48pm Aug 26, 2009 2:48pm
he quoted me before i noticed my mistake.

only mike could do that.




Quoting nasir.khan
Hey mbqb11 how did spelling of loss changed into loos in your post when you quoted James.
  • #42,179
  • Aug 26, 2009 2:49pm Aug 26, 2009 2:49pm


the truth is a wonderful thing.


Quoting mbqb11
i'm so fast at quoting he prob went back with spell checker
  • #42,180
  • Aug 26, 2009 3:07pm Aug 26, 2009 3:07pm
Quoting ghous
Understanding the role of ppzs is an important step towards a good long friendly relationship with them,

What price did and why it did what it did shouldn't surprise you,

I would be extremely sorry for anybody who blames a "friend" for a loss on this one.

g
Excellent post ghous. This is the core of the J16 way. imo.

Sure, being a bit more picky could have netted a better result, but the understanding of why Price does . . . . what it does . . . . where it does it, is the key to a successfull trade and a loss.
Indicators show the past. Price Action "Indicates" the future.
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