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

Attachments: james16 Chart Thread
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james16 Chart Thread

Quoting KissFan
[color=black][font=Verdana]There are tens of thousands of acres of national forest here in Conroe....
I'm absolutely gobsmacked. Estimated 2,000,000??

Same as you, I wouldn't try to joke with them either.
Bundy's status today: "Waiting..."
I've been reading this thread for some time and I've searched through it but to no avail so forgive me if I've missed it but I'd like to ask the following question: why use bar charts instead of candle charts?

I'm just looking for the strength of the bar over the candle, from what I can see the open and close price of each bar is vital and is therefore the key positive that sways people away from candles?

Thanks in advance.
"I made all my money by selling too soon"
Quoting bundyraider
I'm absolutely gobsmacked. Estimated 2,000,000??

Same as you, I wouldn't try to joke with them either.
Yeah there are over 47,000 acres of national forest alone in our county. This does not include all the private ranches here. You can imagine how many hogs that much land will support. Feral hogs cause untold damage to crops, property and livestock. Many ranchers allow hunters to come out and have free reign on their property to kill these hogs. Jim mentioned that Ted Nugent lives in Texas. I think he has a ranch in Waco which is about 200 miles from where I live. Chuck Norris has a ranch in Grimes county somewhere which is about 20 miles from where I live. The other pest we have here that is just as damaging is fire ants. No kidding.

K.I.S.S.
Quoting Bleek
I've been reading this thread for some time and I've searched through it but to no avail so forgive me if I've missed it but I'd like to ask the following question: why use bar charts instead of candle charts?

I'm just looking for the strength of the bar over the candle, from what I can see the open and close price of each bar is vital and is therefore the key positive that sways people away from candles?

Thanks in advance.
Hi,

Bars or candle stick, it makes no difference here, the information is thesame. Bar chart is popular because the originator of this thread( James 16) teaches with bar charts. Use which ever u think is more comfortable for you.

Hunri
Hi, Bleek.

I can't speak for everyone here, but I think choosing between bar and candle is just a matter of personal preference. James16, who started this thread, likes to use the bars. Maybe that's the reason so may people who post here use the bar charts.

Some people claim that it's easier to spot support/resistance zones with a bar chart. Others claim that it's easier to look at price with candlesticks. The reality is that both types of charts give us the same exact information. They tell us the high, low, open and close for a time period and that's all that matters.

Quoting Bleek
I've been reading this thread for some time and I've searched through it but to no avail so forgive me if I've missed it but I'd like to ask the following question: why use bar charts instead of candle charts?

I'm just looking for the strength of the bar over the candle, from what I can see the open and close price of each bar is vital and is therefore the key positive that sways people away from candles?

Thanks in advance.
I've always used candles but I can see how the little 'arms' of the bar for open/close can be quite useful/descriptive.
"I made all my money by selling too soon"
I traded this on the live account. I3B southbound break. Half position closed, I'm leaving the S/L where it is. I have a feeling price will retrace here and then eventually make its big move down to... 1.65? We'll see.
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Many choose unhappiness over uncertainty.
Looks like USDCHF is forming pin on Daily
Im new to J16 but to you experts, does this look like it may turn into a promising setup if it closes as a PB?
Reasons I see why this may not work.
1. I dont see much of a gap before next support area
2. Weakly is bullish bar
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Quoting marcelnyo
I figure if a trade is within your comfortable risk profile, then there's nothing to stop you from doing it, right? your trade also proves that you're very confident in your decisions, I'm learning a lot from you
I couldn't pass it up. the bar was too big and nice. I have missed several daily bar patters and I wasn't about to miss that one too
Many choose unhappiness over uncertainty.
Quoting nasir.khan
Ok you got me convinced.
.
.
Don't worry i don't trade like that.

When Nikkei opens with a gap and hits a PPZ........

makes sense sometimes.
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This pair may just be taking a break before thrusting up again but it still amazes me how well these levels work. My TP was hit and it worked out to be about 5-6 pips from the high of the day (so far). I played the break of weekly pin with a TP just under 1.0500.

Before anyone thinks I am bragging (which I am most definitely NOT), I am negative for this month even after this trade. This erased all but 2%, so I still have work to do but I have a good chance now to end the month positive and continue my streak.

It shouldn't surprise me how whenever I take a step back and focus on taking only the best setups vs. ok setups (which I did early this month and it cost me) the effect it has on my equity. I should know better as long as I have traded, yet I can always count on the markets to "remind" me of this fact...........
Quoting Dan Gilbert
I traded this on the live account. I3B southbound break. Half position closed, I'm leaving the S/L where it is. I have a feeling price will retrace here and then eventually make its big move down to... 1.65? We'll see.
I was reading yesterday about IB's and I was crossing my fingers for you. Good job.
Quoting strateg119
I was reading yesterday about IB's and I was crossing my fingers for you. Good job.
Worst case scenario I'll have a breakeven trade now... you can safely uncross them
Many choose unhappiness over uncertainty.
Quoting bauerjj10
Looks like USDCHF is forming pin on Daily
Im new to J16 but to you experts, does this look like it may turn into a promising setup if it closes as a PB?
Reasons I see why this may not work.
1. I dont see much of a gap before next support area
2. Weakly is bullish bar
hi

If the bar ends up closing how it looks in your chart then i would analyse the trade as follows;

pros

big round number - possible resistance / area to hide stop

double top

divergence

cons

fairly substantial short term up trend with 2 big bullish bars preceeding our pin

therfore our pin needs to carry more weight i.e have a longer nose

first trouble zone (ppz/150ema) is a fair distance away from bottom of pin but 61 fib level is quite close and this would prevent me from taking the trade.

This is just my opinion and im a picky and conservative so if u feel comfortable with taking it then as long as you manage it correctly it could still work out, at least until the blue area.

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Quoting johnbaem
I would like to share these both pairs with my friend. Id staring at UJ and UCAD and ive found the correlation in both... USD is strengthen.

UJ, today bars might end up with BUOB mode (or any other name for bullish mode; wutever). It rest at 61.8 fibo from last low. Target at 93.00 is reasonable.

UCAD, same as well. price seems invalid below 1.0300. Target at 1.0600.

For your consideration and learning ground as well.
UJ -

UCAD -
Quoting johnbaem
As of this chart, i believe many of us including me myself is very positive about the BEOB that occured earlier. PLus, its stuck at 50 fibo from previous low.

Mine as well waiting for the position at 1.6200. Unfortunately, it breaks on the upper side and i belive it must be something on FA that happened to cause all this.

PA never went wrong. Maybe u can watch GU daily chart now. It happens today candle might end up as PIN. Positioning just nice at 50 fibo after the pullback. 1st target shud be 1.6200 and 2nd will be 1.6000.

Look at the...
1st Target Approach!
Quoting johnbaem
This one as well. Almost bag in 200pips. James method is simple. As long u have patience, guts and lil bit of skills. All of us in here will gather the benefit from inside. Trust me.

EU: 200pips
GCHF: 100pips
Both move like never stop!

Congrats for those bag in big pips....
nice trading.

may many more pips come your way

ps

nice to see another liverpool supporter on the forum.....YWNA!!!
Quoting faizal82
nice trading.

may many more pips come your way

ps

nice to see another liverpool supporter on the forum.....YWNA!!!
ive been in here quite so long faizal82. i use to be in malaysian forum but its quite. than ive found james thread and all in here is awesome.

i wish i can help in any manners. i hope all of us can grant the benefits from sharing...
Back in the game after a few months off... I'll post a chart. Any comments?


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Reminds me of the cherry video :-)
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