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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

  • #57,021
  • Mar 3, 2010 9:31am Mar 3, 2010 9:31am
Quoting jarroo
1st half at the 1.2878, 2nd half got me at 1.2930. Fun trade.
Yeah sure, I'm kicking myself a little bit right now. And I got plenty of excuses too . . . not familar with the pair . . . pair is a choppy . . etc.

But I just smile . Confluenced PA with the trend.

I'm sure Ryanmcd would just say to me right now is . . . "DDDUUUHHH". lol
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Indicators show the past. Price Action "Indicates" the future.
  • #57,022
  • Mar 3, 2010 9:43am Mar 3, 2010 9:43am
Quoting jarroo
Yeah sure, I'm kicking myself a little bit right now. And I got plenty of excuses too . . . not familar with the pair . . . pair is a choppy . . etc.
Couldn't possibly go any higher eh? lol

Going to be interesting to watch this one, by the looks.

NZD pairs have been good to me lately too.
Bundy's status today: "Waiting..."
  • #57,023
  • Mar 3, 2010 9:47am Mar 3, 2010 9:47am
Quoting bundyraider
Couldn't possibly go any higher eh? lol

Going to be interesting to watch this one, by the looks.

NZD pairs have been good to me lately too.
Uncharted territory, bring out the FE . . . . Fly me to the moon.
Indicators show the past. Price Action "Indicates" the future.
  • #57,024
  • Mar 3, 2010 10:03am Mar 3, 2010 10:03am
Quoting triger88990
just for the self purpose of learning price behavior

decided to throw up daily AUDCAD chart,althought I have a folder full of them,but this pair hasn't been discussed here or if it was apologize

We have a nice PB which penetrate enough away from the highs to the left(number 1) and good enough in to the low from the previw range box(number 2).

This kind of area filled with a lot of conflence are strong enough,and it may be a high probability that your setup it will work.

-TL using highs
-61.8 fib ret from last swing high/low(isn't on chart)...

Great charts there triger.
Indicators show the past. Price Action "Indicates" the future.
  • #57,025
  • Mar 3, 2010 10:05am Mar 3, 2010 10:05am
Quoting jarroo
Uncharted territory, bring out the FE . . . . Fly me to the moon.
Yeah, FE would be handy. Damn ugly chart to base it off of though. LOL

I like the cleaner charts , as I said.

...OK.... We could try this and see what happens as an experiment...

100% move is around about 1.3225
161.8% fib move is about 1.3780

Don't think the Kiwi's will let it get THAT out of hand though. Or they'll try not to. lol

Chart...
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Bundy's status today: "Waiting..."
  • #57,026
  • Mar 3, 2010 10:11am Mar 3, 2010 10:11am
Quoting bundyraider
Yeah, FE would be handy. Damn ugly chart to base it off of though. LOL

I like the cleaner charts , as I said.

...OK.... We could try this and see what happens as an experiment...

100% move is around about 1.3225
161.8% fib move is about 1.3780

Don't think the Kiwi's will let it get THAT out of hand though. Or they'll try not to. lol

Chart...
I like it. It should be fun to watch.

Thanks bundy,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #57,027
  • Mar 3, 2010 10:13am Mar 3, 2010 10:13am
Quoting bundyraider
...OK.... We could try this and see what happens as an experiment...

100% move is around about 1.3225
161.8% fib move is about 1.3780

Don't think the Kiwi's will let it get THAT out of hand though. Or they'll try not to. lol

Chart...
And this bigger move brings about 1.3360 area for the 61.8% exp. (1.3400 ?? )

Anyway, sleep time. Have a good day all.
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Bundy's status today: "Waiting..."
  • #57,028
  • Mar 3, 2010 10:13am Mar 3, 2010 10:13am
short UC 1.0693 -> TP 1.0650
lowest draw down possible please.
  • #57,029
  • Edited 10:49am Mar 3, 2010 10:23am | Edited 10:49am
Quoting glyder
Jim,
I see the fibs on the EU and GU charts above are drawn from PPZ levels rather than highs/lows.
Thats really interesting - I've never seen that before.
It might open up whole new vistas for me.


Many Thanks

There are many here that trade only them. They wait and wait and wait until they are perfect. Not a bad way to go at all.

Sometimes it takes Classic James16 chart(s) to show it clearly.

And they fit Mike's basic PA criteria which means the move will yield many pips.

Ooops . . . .Yes, from the High and Low not PPZs

Quoting LasVahGoose
Hmmm.... Look again, I see them drawn from swing points h/l.
Quoting james16
no they are high to low but you are noticing something.

those highs and lows often turn into pivots for the simple fact that they ARE definable highs and lows.

the low on gu is an example.
Indicators show the past. Price Action "Indicates" the future.
  • #57,030
  • Mar 3, 2010 10:36am Mar 3, 2010 10:36am
here is an quick update from this post:
http://www.forexfactory.com/showpost...ostcount=56393

price behaves in his way do not let you caught by surprise

look where we stand today

the fiber did the same almost all the time, I play this 2 pair in tandem

What I have told you gives you the essence of my trading system as based on studying price behavior aka j16,which rocks all the time.

chart will speak by themself

just ignor my orders they where triggered from lower TF(1h-PB)

PS. thanks jaroo

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  • #57,031
  • Mar 3, 2010 10:50am Mar 3, 2010 10:50am
Quoting james16
whats all this non-farm stuff?

does it actually have something to do with trading?

someone fill me in please.

jim
Classic.
Indicators show the past. Price Action "Indicates" the future.
  • #57,032
  • Mar 3, 2010 10:59am Mar 3, 2010 10:59am
Quoting mbqb11
Here is my honest answer and what I tell most people
I hate talking bout the private forum in public. I don't ever want people think we are soliciting b/c we just aren't that type of group

Thank you very much Mike. I will send you PM when I am allowed to do so.
  • #57,033
  • Mar 3, 2010 11:09am Mar 3, 2010 11:09am
Quoting TiaForex
Is he talking about me? That quote links directly to a james16 post. James is there something you're not telling us? Is it true that after all this time you are in fact....Chuck Norris?

Actually in a smack down between Jim and Chuck I'd fear for Chuck. He'd be left bleeding in an alley with a pinbar sticking out of his eye and an outside bar rammed up his..... never mind.

(Btw, it's always a good day when I wake up to charts from James)

I was thinking of the Chuck Norris stuff to James and/or Mike too. lol

"Mike doesn't wait for Price, Price waits for Mike".
Indicators show the past. Price Action "Indicates" the future.
  • #57,034
  • Mar 3, 2010 11:21am Mar 3, 2010 11:21am
Quoting james16
CHART

I KNOW ITS AFTER THE FACT but go look for good bars at 50 and 61 retraces on daily charts and see for yourself. i will post another one.
Yeah Diggs rode the one all the way down check his journal in the PF jim! He deserves a mass email!
  • #57,035
  • Mar 3, 2010 11:23am Mar 3, 2010 11:23am
Quoting jarroo
I was thinking of the Chuck Norris stuff to James and/or Mike too. lol

"Mike doesn't wait for Price, Price waits for Mike".
You see that pinbar reversal? That's just price running scared because it saw Mike coming.
  • #57,036
  • Mar 3, 2010 11:24am Mar 3, 2010 11:24am
Quoting james16
lol.

oanda is on my to try list this year.

i think mike uses them.
No complaints, like every broker I have tried, some good and the bad. I am also with MB and often switch to MB on any lower timeframe trading where potential spread and widening comes into play.

Who let James out of his bag last night, now I have some major catching up to do

Mike
  • #57,037
  • Mar 3, 2010 11:25am Mar 3, 2010 11:25am
Quoting TiaForex
You see that pinbar reversal? That's just price running scared because it saw Mike coming.
Yeah. lol
Indicators show the past. Price Action "Indicates" the future.
  • #57,038
  • Mar 3, 2010 11:26am Mar 3, 2010 11:26am
Quoting joelcf
I made 5000% this morning when I asked my girlfriend for a dollar coin for the coke machine at work and found a $50 note in her wallet.

I should so write an ebook.

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  • #57,039
  • Mar 3, 2010 11:27am Mar 3, 2010 11:27am
Quoting ehrek
*yawn*
I'm with you here, gets old real fast these days. But it is the 4 month rule. Every 4 months trust me
  • #57,040
  • Mar 3, 2010 11:30am Mar 3, 2010 11:30am
Quoting mbqb11
I'm with you here, gets old real fast these days. But it is the 4 month rule. Every 4 months trust me
I'll be quoting that back at you when we get our next troll in July (4 months right?)
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