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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

  • #46,181
  • Oct 16, 2009 11:09am Oct 16, 2009 11:09am
Quoting benji533
If FF was in my hands, second thing after moving this thread out of commercial, would probably be making you a moderator
Anyway, not sure what touch trading has to do with jankone's thread, but I posted a few trades which fit there.
since the time i first viewed jankone's thread, i believed it is james16 trading applied on shorter timeframes. touch trades are related to S/Rs, PPZs, so i guess it fits there too.

what u do & post are a bit more advanced for most here, even on demo. u seem to be a fast learner, u are lucky as most are not like u. but that doesnt mean u can just disregard many other newbies here.
(i think u dont want to post there because it's either 'pretty boring' there [many seasoned traders u know dont post there] or 'no one can understand/can relate to your charts' since u are a bit ahead of many here)

correct me if im wrong, but i seldom see the senior traders post lower time frame charts & trades here. this thread is primarily about H4 charts & up, Sir james16 advocates it on post #1. he wants most traders to learn higher timeframe trading before going down to H1 & below.
my concern is newbies may get confused & decide to emulate u & your charts (as i believe some people look forward to your posts).

if we dont have volunteer moderators here who care, even if FF is part of the virtual world, FF will be in much much more chaos now.

having said all that, you have free will...
but thanks for granting a request.
  • #46,182
  • Oct 16, 2009 11:21am Oct 16, 2009 11:21am
heres a couple for you SC..
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  • #46,183
  • Oct 16, 2009 11:25am Oct 16, 2009 11:25am
Quoting supremeChaos
since the time i first viewed jankone's thread, i believed it is james16 trading applied on shorter timeframes. touch trades are related to S/Rs, PPZs, so i guess it fits there too.

what u do & post are a bit more advanced for most here, even on demo. u seem to be a fast learner, u are lucky as most are not like u. but that doesnt mean u can just disregard many other newbies here.
(i think u dont want to post there because it's either 'pretty boring' there [many seasoned traders u know dont post there] or 'no one can...
The truth is that I don't have much interest in something else than the James16 thread. It gave me all I need, and it contains all I will need. All the traders I would wish to know are here as well.
Not in purpose of disregarding anyone.

But I see your point. no more charts from now on.

good luck,

Ben
  • #46,184
  • Oct 16, 2009 11:47am Oct 16, 2009 11:47am
Quoting rustyjeff
heres a couple for you SC..
Thanks Sir. post a little more often if u can


Quoting benji533
The truth is that I don't have much interest in something else than the James16 thread. It gave me all I need, and it contains all I will need. All the traders I would wish to know are here as well.
Not in purpose of disregarding anyone....
i see... Fair enough.
as i expected.
i can understand your sentiment. justified...
in that case, go & exercise your free will.
  • #46,185
  • Oct 16, 2009 12:20pm Oct 16, 2009 12:20pm
Quoting benji533
But I see your point. no more charts from now on.

good luck,

Ben
Ben Please keep the charts coming bud, they are great

we do a mix of everything here, seen by the many diff j16 traders. Even the man himself just posted touch trades the other day
  • #46,186
  • Oct 16, 2009 12:25pm Oct 16, 2009 12:25pm
Quoting mbqb11
Ben Please keep the charts coming bud, they are great
Agreed.

They're GREAT examples for others to study, Benji.
Bundy's status today: "Waiting..."
  • #46,187
  • Edited 12:54pm Oct 16, 2009 12:30pm | Edited 12:54pm
Quoting mbqb11
Ben Please keep the charts coming bud, they are great
Ben
u must be thinking that i'm picking on u.. my apologies, it's not my intention.
now that i've understood your whole sentiment, hope u understood mine.
Let's & see more of your charts.

btw, it's 1.31am here... a great weekend to all!
  • #46,188
  • Oct 16, 2009 12:45pm Oct 16, 2009 12:45pm
Quoting raczekfx
wife say's talk less, do more....
This is what I'm doing right now.

Most of these if not all are simply J16 trades. They can be learned and mastered by reading this forum from page 1 onward...

Let's see if these will be 200ps runners... after all it's Friday.

Enjoyed the weekend!
.
Heya Rac,

Ain't askin' to be spoonfed. Been seeking diligently and studying my ass off.
Would appreciate 1min of your time to feedback if I'm "getting it".

Would your long/short decisions you just posted be based on the PA of something else as well?

Just need a Yes/No?

Thank you =)
One Mind, Any Market
  • #46,189
  • Oct 16, 2009 1:01pm Oct 16, 2009 1:01pm
Quoting Cyrus
Heya Rac,

Ain't askin' to be spoonfed. Been seeking diligently and studying my ass off.
Would appreciate 1min of your time to feedback if I'm "getting it".

Would your long/short decisions you just posted be based on the PA of something else as well?

Just need a Yes/No?

Thank you =)

i am guessing yes & no...
  • #46,190
  • Oct 16, 2009 2:59pm Oct 16, 2009 2:59pm
Quoting Cyrus
Heya Rac,

Ain't askin' to be spoonfed. Been seeking diligently and studying my ass off.
Would appreciate 1min of your time to feedback if I'm "getting it".

Would your long/short decisions you just posted be based on the PA of something else as well?

Just need a Yes/No?

Thank you =)
Check my RTL thread... and you will see...

Yes.
  • #46,191
  • Oct 16, 2009 3:06pm Oct 16, 2009 3:06pm
Quoting raczekfx
Check my RTL thread... and you will see...

Yes.

ahhh. 50% right... with good m/m I'm still in the money
  • #46,192
  • Oct 16, 2009 3:19pm Oct 16, 2009 3:19pm
Could someone please comment on these 2 pinbars...so i can see the way people really trading them think.

Thank you
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  • #46,193
  • Oct 16, 2009 3:23pm Oct 16, 2009 3:23pm
Quoting fxlan
Could someone please comment on these 2 pinbars...so i can see the way people really trading them think.

Thank you
Hey Fxlan

If you zoom your chart out a bit they start to look a lot less intriguing then being zoomed in where they look much more significant. I am weary about small pinbars heavily against a trend like eur/aud created on a friday(a notorious profit taking day instead of a position establishing day). So eur/aud doesn't really look all that great with any real lack of confluence. Nzd/jpy a bit more appealing with the divergence and a bit bigger size. Marked the first trouble areas for you which gives a bit more room with nzd/jpy.

Just my views
Mike
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  • #46,194
  • Oct 16, 2009 3:28pm Oct 16, 2009 3:28pm
Thank you very much Mike.

But even nzd/jpy is not looking good enough for you to trade?
  • #46,195
  • Oct 16, 2009 3:33pm Oct 16, 2009 3:33pm
Quoting fxlan
Thank you very much Mike.

But even nzd/jpy is not looking good enough for you to trade?
I could see people trading it, but that isn't one I am going to pull the trigger on.

One thing I can say are there are many trades I skip that I know what are going to do. I still wait for trades I feel more comfortable with. If this one had a longer nose, or some more confluence I probably would. Majority of my trades are on the h4/h1, so it allows me to be more picky on the daily/weekly. Just about comfort which leads to consistency. I hope that makes sense.

Mike
  • #46,196
  • Oct 16, 2009 3:39pm Oct 16, 2009 3:39pm
Quoting supremeChaos
Ben
u must be thinking that i'm picking on u.. my apologies, it's not my intention.
now that i've understood your whole sentiment, hope u understood mine.
Let's & see more of your charts.

btw, it's 1.31am here... a great weekend to all!
Hey SC, it's fine buddy. No offense taken at all.

Thanks you Mike, bundy, Jeff and XXX for your comments. I appreciate it

Ben
  • #46,197
  • Oct 16, 2009 3:46pm Oct 16, 2009 3:46pm
Yeah it makes sense.

I really dont feel comtrable with pins on a years highs...although like jim says a trend has to end somewhere...but you cant see much confluence with this bars.

thank you again
  • #46,198
  • Oct 16, 2009 3:50pm Oct 16, 2009 3:50pm
Quoting fxlan
Yeah it makes sense.

I really dont feel comtrable with pins on a years highs...although like jim says a trend has to end somewhere...but you cant see much confluence with this bars.

thank you again
Now if we take it a step further to understand price more and help gain confidence. Notice the first trouble area lines up with 66.50(again round numbers). So the low of the pin is 98, say you get in at 87/86 that gives you 25-30 pips to play with. For some this is worth wathcing for a hard break, getting stop to b/e and seeing what happens at 66.50. Sometimes I do that, I move stops at a first trouble area that is close. Again if we had a longer nose on this pair, it would prob call for a situation like that. Again understanding where price is gonna go, where it is likely to stall is the foundation of most peoples trading. Then you build off that what works for you in terms of exits and trade mgmt as a whole.

Best
Mike
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  • #46,199
  • Oct 16, 2009 4:21pm Oct 16, 2009 4:21pm
Good time of the day everyone,

I've spent today 10 mins drawing these boxes on the EU (see pic) and thought I'd post this. I think it might be useful for some people to see and understand that most of the time markets move in boxes. Might be a good educational idea or rather a task for starters to draw such boxes on several pairs. Get a feel for that if you know what I mean.

I also noticed that there is a big gap between where we at right now (1.49) and 1.53 without any box in between...just a pure run. Just my 2 cents.
over and out
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  • #46,200
  • Oct 16, 2009 4:25pm Oct 16, 2009 4:25pm
Quoting user37
Good time of the day everyone,

I've spent today 10 mins drawing these boxes on the EU (see pic) and thought I'd post this. I think it might be useful for some people to see and understand that most of the time markets move in boxes. Might be a good educational idea or rather a task for starters to draw such boxes on several pairs. Get a feel for that if you know what I mean.

I also noticed that there is a big gap between where we at right now (1.49) and 1.53 without any box in between...just a pure run. Just my 2 cents.
over and out
If there's so much boxing, then the 1.49-1.53 zone must be the knock-out zone huh
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