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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

  • #53,721
  • Feb 2, 2010 8:25pm Feb 2, 2010 8:25pm
Quoting StoragePro
LOLOLOLOLOLOL - Dude - you are welcome here ANYTIME !!!



Jim is not a Forex Jesus, but I did see him heal several traders of over trading, too much risk, indicators and of course he has healed everyone of liberalism....

Jim is love. He turns water in Beer and once he raised a dead account.
hahaha

Yeah Chris I would start from page 1 and read at least the first few hundred pages. Then you can skip a lot and search for certain "key" members posts. You will know whose those are as your work your way through, but for a hint you can check anyone who I have vouched for would certainly be on my must read list
  • #53,722
  • Feb 2, 2010 8:28pm Feb 2, 2010 8:28pm
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  • #53,723
  • Feb 2, 2010 8:30pm Feb 2, 2010 8:30pm
Quoting Dan Gilbert
Well, Downloading FXPRO gave me a whole new set of stuff to look at - - and I'm excited.
If you like those multi / cluster of IB looking setups, check out the Master Candle Thread.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #53,724
  • Feb 2, 2010 8:32pm Feb 2, 2010 8:32pm
Quoting mbqb11
.

Yeah I saw that weekly pin discussion on your webinar. pretty nice one
Many choose unhappiness over uncertainty.
  • #53,725
  • Feb 2, 2010 8:36pm Feb 2, 2010 8:36pm
Quoting LasVahGoose
If you like those multi / cluster of IB looking setups, check out the Master Candle Thread.
So far, I have found that multiple IB's are the bestttttt PA trades as far as R/R is concerned, and the speed of the trade (not waiting through 2-3 days of mild draw down before it finally runs for ya)
Many choose unhappiness over uncertainty.
  • #53,726
  • Feb 2, 2010 8:36pm Feb 2, 2010 8:36pm
Quoting StoragePro
He turns water in Beer
LOL, I like this part.

Quote
and once he raised a dead account.

Oh yeah, you can say that again!

  • #53,727
  • Feb 2, 2010 8:41pm Feb 2, 2010 8:41pm
Quoting Dan Gilbert
very excited....
Welcome to our world. Diverse and flexible.. And you gotta love it..

With new NFA rules coming I guess many people might have it bad as well.

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  • #53,728
  • Feb 2, 2010 8:46pm Feb 2, 2010 8:46pm
Hi Lovejoy,

Thanks for sharing the trades you are taking.
To be sure I understand correctly, you are shorting both the UC and NU rite?
Could you please explain how do you see if a PPZ area is round number or not (like you mentioned in your NU trade)?
Sorry to have trouble you.

CY

Quoting lovejoy80
NFP is still three days away! IMO if you are taking trades based on a daily chart you have to give them some time...they don't all just take off.

Personally, I scroll down to the 4H timeframe and mark PPZ areas i.e. areas where price might stall and potentially reverse. You can see from the chart below that UC has hit the first area and has started to reverse, however I am willing to give this trade some space and time (no physics jokes please!) and have moved my stop down slightly where marked with an arrow i.e. above the PPZ area.

With regards...
  • #53,729
  • Feb 2, 2010 8:48pm Feb 2, 2010 8:48pm
Quoting LasVahGoose
If you like those multi / cluster of IB looking setups, check out the Master Candle Thread.
.
Attached Images
Many choose unhappiness over uncertainty.
  • #53,730
  • Feb 2, 2010 9:03pm Feb 2, 2010 9:03pm
Quoting StoragePro
LOLOLOLOLOLOL - Dude - you are welcome here ANYTIME !!!




Jim is not a Forex Jesus, but I did see him heal several traders of over trading, too much risk, indicators and of course he has healed everyone of liberalism....

Jim is love. He turns water in Beer and once he raised a dead account.
AMEN ,
  • #53,731
  • Feb 2, 2010 10:12pm Feb 2, 2010 10:12pm
Quoting Chris P
Hi Albertsy2,

You'll find that over here, we tend to refer to hammers as pin bars. Same thing, different name - hope that helps!
Hi Chris... not sure if it's just the nomenclature...

A pin bar has a nose the protrudes outward. For example, if it was at the top of an upward trend, then the (upper shadow) nose would be pointing up. But if it was a hammer it would have the [lower] shadow pointing down. The literature says both the pin and the hammer are reversal bars. Would you guys trade a hammer?
  • #53,732
  • Feb 2, 2010 10:16pm Feb 2, 2010 10:16pm
Quoting StoragePro
LOLOLOLOLOLOL - Dude - you are welcome here ANYTIME !!!




Jim is not a Forex Jesus, but I did see him heal several traders of over trading, too much risk, indicators and of course he has healed everyone of liberalism....

Jim is love. He turns water in Beer and once he raised a dead account.

... beer into water... my messiah has been found, whats forex again?
  • #53,733
  • Feb 2, 2010 10:18pm Feb 2, 2010 10:18pm
Quoting mbqb11
hahaha

Yeah Chris I would start from page 1 and read at least the first few hundred pages. Then you can skip a lot and search for certain "key" members posts. You will know whose those are as your work your way through, but for a hint you can check anyone who I have vouched for would certainly be on my must read list
Duly noted! Thank ya kindly MB!

-Chris-
  • #53,734
  • Feb 2, 2010 10:18pm Feb 2, 2010 10:18pm
thanks to sto i saw this.

welcome to our little world chris.

we are honoured to have you with us,

jim



Quoting FxChris
Just wanted to drop a line to say Hello to the crazy amount of people that have participated in this forum. Ive been looking through the pages of FF for a while now and for some reason this attracted my attention esp. James sincerity and commitment to help. Who is this guy?! Some sort of modern day Forex Jesus? Ha and of course, in addition to PA being pretty compelling material to really pay attention to from what I've seen. Does James still participate here or is he just on his PF now a days? Anywyas, Ive read suggestions of reading...
  • #53,735
  • Feb 2, 2010 10:27pm Feb 2, 2010 10:27pm
Hi, I'm currently using MACD and Stochastics on default settings. My preferred TF is daily. Would the default settings be OK on this TF based on J16?
  • #53,736
  • Feb 2, 2010 10:29pm Feb 2, 2010 10:29pm
i honestly had to get up and take a few deep breaths before i passed out from laughing.

this is what happens to a normal smart guy that gets involved with fij in behavioral research.

all that hard work when 5 or 6 beers will accomplish the same thing.

lol.

Quoting StoragePro
LOLOLOLOLOLOL - Dude - you are welcome here ANYTIME !!!




Jim is not a Forex Jesus, but I did see him heal several traders of over trading, too much risk, indicators and of course he has healed everyone of liberalism....

Jim is love. He turns water in Beer and once he raised a dead account.
  • #53,737
  • Feb 2, 2010 10:49pm Feb 2, 2010 10:49pm
Quoting albertsy2
hi chris... Not sure if it's just the nomenclature...

A pin bar has a nose the protrudes outward. For example, if it was at the top of an upward trend, then the (upper shadow) nose would be pointing up. But if it was a hammer it would have the [lower] shadow pointing down. The literature says both the pin and the hammer are reversal bars. Would you guys trade a hammer?
hi albert,
bars and candles have the same open and close, and give us the same infomation.
If the open and close is at the top of the bar, in an uptrend, shows continuation, but if at bottom of bar in uptrend, it shows reversal.
This is just a generalization, so we will not talk about ghous' inverted pin bars...
  • #53,738
  • Feb 2, 2010 10:56pm Feb 2, 2010 10:56pm
^Thanks, Janegra!

I think one of the hardest things to comprehend for a newbie (I am one), is this...

The currently forming candle should be ignored. It is the latest completed candle (which is not the current candle) that we look at for the latest PA.

In other words, look for PA candles at the close of the daily or 4H or whatever TF you are using.

Would this be correct and in-line with the way you guys trade?
  • #53,739
  • Feb 2, 2010 11:14pm Feb 2, 2010 11:14pm
Quoting albertsy2
^thanks, janegra!

I think one of the hardest things to comprehend for a newbie (i am one), is this...

The currently forming candle should be ignored. It is the latest completed candle (which is not the current candle) that we look at for the latest pa.

In other words, look for pa candles at the close of the daily or 4h or whatever tf you are using.

Would this be correct and in-line with the way you guys trade?
hi albert,
plan your trade, watch the close of the bar, if it meets your plan. And, you cant find any reason not to take it.. Remember , only a+++. Then nail it.
Have fun,
graham
  • #53,740
  • Edited 11:55pm Feb 2, 2010 11:25pm | Edited 11:55pm
Quoting Dan Gilbert
.
good eyes Dan
wish i cld throw a vouch ur way

edit: theres div(shows better with macd though), swing high .... the more the confluence the better
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