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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

  • #55,081
  • Feb 15, 2010 2:33pm Feb 15, 2010 2:33pm
Quoting lovejoy80
doh, I'm a physicist! I get what you are saying though and agree...I'm too analytical in my trades rather than just trading what is in front of me on my screen and as for psychology...boy, trading opened up so many cans of worms and emotions of fear and greed that I've never experienced before...IMO trading really makes you look inside yourself in a big way...I'm half way through the journey now and have managed to control those emotions that get in the way...but I still slip up now and then and still have to remind myself and discipline myself...
Boy! Can I relate to this post.
I'm no physicist LOL ... heck I barely got out of high school. But I recently
experienced some of these things.
I was happily trading straight J16 stuff and building the account when I got a case of CRANIAL RECTITISE and decided that I wanted to scalp on the
5min. Ended up losing about 35% of my account. So I pulled my head out
of my rump and went back over all the material and decided to start participating in all the forums "free and the PF" so I don't fall again that hard. Everything a person needs to trade profitably is with J16 Group.
All you have to do is use it and never stray.

BTW..How do I get a James16Group pic for my sig? I'd be honored to display it everywhere I go.
  • #55,082
  • Feb 15, 2010 2:37pm Feb 15, 2010 2:37pm
my brother from another mother.

howdy.



Quoting tubguy
Boy! Can I relate to this post.
I'm no physicist LOL ... heck I barely got out of high school. But I recently
experienced some of these things.
I was happily trading straight J16 stuff and building the account when I got a case of CRANIAL RECTITISE and decided that I wanted to scalp on the
5min. Ended up losing about 35% of my account. So I pulled my head out
of my rump and went back over all the material and decided to start participating in all the forums "free and the PF" so I don't fall again that hard. Everything a person needs to trade...
  • #55,083
  • Feb 15, 2010 2:39pm Feb 15, 2010 2:39pm
Hello.. is there anyone who can offer a suggestion regarding a problem watching the videos in James16 Group guest material?

I have been through them all but part way through the picture just vanishes, in particular during the longer ones.

I have just downloaded and watching again the Rants and Charts, and just like the first time, the picture has gone blank at about 37 minutes into it. Leaving over an hour where I can't see the charts!

It opens and plays in Windows Media Player: Windows Media Audio 9 Voice
20 kbps, 22 kHz, mono, Windows Media Video 9.
I'm running with Windows XP and Internet Explorer. I'm wondering if I should try opening in Mozilla Firefox?

I would greatly appreciate any help with this. I've been trading (trying!) 3 years and feel this material is the best yet! Have been quietly reading listening and trying to apply.

Thanks so much in advance,
Cherry
  • #55,084
  • Feb 15, 2010 2:44pm Feb 15, 2010 2:44pm
Quoting lovejoy80
doh, I'm a physicist! I get what you are saying though and agree...I'm too analytical in my trades rather than just trading what is in front of me on my screen and as for psychology...boy, trading opened up so many cans of worms and emotions of fear and greed that I've never experienced before...IMO trading really makes you look inside yourself in a big way...I'm half way through the journey now and have managed to control those emotions that get in the way...but I still slip up now and then and still have to remind myself and discipline myself...
This is it.. trading isn't logical most of the time and we needed to reprogram our mind in order to make an extra step forward. 2 and 2 doesn't always equal 4 in this business, hence my comment in the last post.
  • #55,085
  • Edited 3:32pm Feb 15, 2010 2:45pm | Edited 3:32pm
Quoting LasVahGoose
What would say set you apart from everyone else? What would you say was your greatest break-thru?

Hope I'm not getting to personal. Thank you for all you do.
I'll reply by PM sometimes this week.
If I don't, please remind me.

.
  • #55,086
  • Feb 15, 2010 2:45pm Feb 15, 2010 2:45pm
Quoting joelcf
Personally, I love looking at the different directions that people have taken the basic material, and the diversity of approaches (and subsequent discussion and analysis of them) is a great way to learn.

me also and i totally agree my friend.

for years i have told people to take the basic material and "make it there own" thru testing of different approaches. the basic material taught here can be a key to making many different formerly unprofiable methods profitable. i love seeing that happen and i certainly dont want to see it stop.

what we must always remember is that new people often dont take time to determine wether something is just being tested or has actually been proven over time before throwing money they dont have at it.

we have all been there.
  • #55,087
  • Feb 15, 2010 2:57pm Feb 15, 2010 2:57pm
can any of you techies help cherry.

ive never heard of this happening before.

jim

Quoting Cherry
Hello.. is there anyone who can offer a suggestion regarding a problem watching the videos in James16 Group guest material?

I have been through them all but part way through the picture just vanishes, in particular during the longer ones.

I have just downloaded and watching again the Rants and Charts, and just like the first time, the picture has gone blank at about 37 minutes into it. Leaving over an hour where I can't see the charts!

It opens and plays in Windows Media Player: Windows Media Audio 9 Voice
20 kbps, 22 kHz, mono,...
  • #55,088
  • Feb 15, 2010 3:04pm Feb 15, 2010 3:04pm
Quoting james16
can any of you techies help cherry.

ive never heard of this happening before.

jim
Try using VLC player, it will play anything. Just google vlc, it's free and small.

Regards

chatzi
  • #55,089
  • Feb 15, 2010 3:10pm Feb 15, 2010 3:10pm
Quoting Cherry
Hello.. is there anyone who can offer a suggestion regarding a problem watching the videos in James16 Group guest material?

I have been through them all but part way through the picture just vanishes, in particular during the longer ones.

I have just downloaded and watching again the Rants and Charts, and just like the first time, the picture has gone blank at about 37 minutes into it. Leaving over an hour where I can't see the charts!...
Hi Cherry,

You could also try right clicking the link to the video and saving it to your pc. Then you cabn play it from there.

Chatzi
  • #55,090
  • Feb 15, 2010 3:12pm Feb 15, 2010 3:12pm
Quoting james16
my brother from another mother.

howdy.

Haha, Good to see ya here!
  • #55,091
  • Feb 15, 2010 3:12pm Feb 15, 2010 3:12pm
Quoting chatzi
Try using VLC player, it will play anything. Just google vlc, it's free and small.

Regards

chatzi
Thanks chatzi, I'll give it a try. However when I go to open the video how do I make sure I open it in the VLC Player? I tried right clicking and it doesn't seem to give any options of what player you want to use?

cherry
  • #55,092
  • Feb 15, 2010 3:15pm Feb 15, 2010 3:15pm
Quoting Cherry
Hello.. is there anyone who can offer a suggestion regarding a problem watching the videos in James16 Group guest material?

I have been through them all but part way through the picture just vanishes, in particular during the longer ones.

I have just downloaded and watching again the Rants and Charts, and just like the first time, the picture has gone blank at about 37 minutes into it. Leaving over an hour where I can't see the charts!...
Hey Cherry

Make sure your windows media player is fully updated as well. I would also save the file to your desktop as well.

Let us know

Mike
  • #55,093
  • Feb 15, 2010 3:33pm Feb 15, 2010 3:33pm
Quoting Cherry
Thanks chatzi, I'll give it a try. However when I go to open the video how do I make sure I open it in the VLC Player? I tried right clicking and it doesn't seem to give any options of what player you want to use?

cherry
if you right click the link and select save as. Then save it to you desktop fir example. You can then right click the file and open with vlc.

Chatzi
  • #55,094
  • Feb 15, 2010 3:37pm Feb 15, 2010 3:37pm
Quoting mbqb11
Hey Cherry

Make sure your windows media player is fully updated as well. I would also save the file to your desktop as well.

Let us know

Mike
Hi Mike, thanks for the hint! I've just searched and found there is a more recent version for XP.
I'll let you know how it goes. May not be until tomorrow.

Cheers,
Cherry
  • #55,095
  • Feb 15, 2010 3:50pm Feb 15, 2010 3:50pm
Quoting Cherry
Thanks chatzi, I'll give it a try. However when I go to open the video how do I make sure I open it in the VLC Player? I tried right clicking and it doesn't seem to give any options of what player you want to use?

cherry
If you have Windows XP, you may have to hold the 'shift' key down as you right-click the icon. That should then add the "Open With..." option to the list that comes up.

VLC is great. Starts fast and plays just about everything.
Bundy's status today: "Waiting..."
  • #55,096
  • Feb 15, 2010 5:09pm Feb 15, 2010 5:09pm
I just wanted to post an analysis of this pair, as I think it's interesting how it has behaved here lately.

first, it's clear to everyone that the trend is down, after it broke the 1.5000 level.
But notice what happened when the price got around 1.4700, it tried to break through the 1st. time, but quickly reversed back above 1.4700 and went sideways in a narrow range for a little while.
Then it tried the 2nd. time with a little more strength and got a little lower, but again quickly reversed back above 1.4700, and again went sideways there in a narrow range.
Third time is the charm, or maybe not. It again tried to break below 1.4700, in a strong move all the way down to 1.4557, but then the SNB stepped in and pushed the price back above 1.4700, at least briefly, and now it is again moving in a narrow range, but this time right below 1.4700.

Now what does all this mean for the next potential move. Well for me, that the price is now in a range right below the 1.4700 level in a strong down trend, would normally be bearish, and I would look for an entry short, if it breaks out of the channel to the downside. But the fact that the SNB is actively involved trying to prevent the CHF from strengthening too much too quickly, has me a little worried about going short.
So what I am looking for is a move back above the 1.4700 level, and an opportunity to go long from there.

This might not have anything to do with PA, but imo it has a lot to do with price zones, and trying to find out what price is doing.
Now the price might go down from here, so don't take this for more than it is. All I'm doing is trying to have a plan for this pair, and to avoid the impulsive trades, that I myself have been bad at in the past.

I apologies if this analysis is confusing, I am not very good at getting whats in my head, down in writing.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 19 KB
You got to know when to hold them, and know when to fold them.
  • #55,097
  • Feb 15, 2010 7:32pm Feb 15, 2010 7:32pm
Hi Mike (mbqb11), I know that BAT is not discussed here, but I've seen quite a few screen captures with them... how do you use the BAT lines in your method? If I follow the BAT rules, on a daily TF the SL would be prohibitively large: 10 pips below/above the recent swing low/high.
  • #55,098
  • Feb 15, 2010 7:33pm Feb 15, 2010 7:33pm
Quoting albertsy2
Hi Mike (mbqb11), I know that BAT is not discussed here, but I've seen quite a few screen captures with them... how do you use the BAT lines in your method? If I follow the BAT rules, on a daily TF the SL would be prohibitively large: 10 pips below/above the recent swing low/high.
Hey Albertsy

It is one of the tools in my box when I trail my stop. I use it for trailing a stop, mostly from breakout pattern trades on the lower timeframes(usually 1hr and lower).

Mike
  • #55,099
  • Feb 15, 2010 7:39pm Feb 15, 2010 7:39pm
^Oh! Right, I should have seen how it's a good trail stop... thanks!
  • #55,100
  • Feb 15, 2010 8:03pm Feb 15, 2010 8:03pm
Quoting raczekfx
true


IMO, if you're have a mathematical mind,.. are a programmer, dentist, physicist, have PHD in engineering, your chances of succeeding in this business are ultra slim. If you're an HR person, a psychologist, shrink.... you're miles ahead from others.

For the record: I am a super math minded person, so maybe this is why it took me so long. Or perhaps I had no talent at all....
I'm screwed....
I'm pretty much done with all this ...
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