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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

  • #57,141
  • Mar 3, 2010 10:51pm Mar 3, 2010 10:51pm
Quoting jarroo
Gotta wait for the Week close to confirm the formation. Still to early.

But your eyeing that right locational sweet spot. 1.5000 BRN, PPZ and 61.8 fib.
cheers Jaroo,you r right , lets wait until the week closes
  • #57,142
  • Mar 3, 2010 10:53pm Mar 3, 2010 10:53pm
Quoting Saintsurfer
Can someone tell me what is best platform time for trading pins and other PA paterns? Becose diferent platform time has diferent open and close and it make candles look diferent. ..
u can trade with any platform & any platform time. just trade what u see.

alternatively, u can look at 2-3 MT4's/platforms at the same time, if u want to/can.
several here use IBFX, FXPro, Alpari, etc
  • #57,143
  • Mar 3, 2010 10:56pm Mar 3, 2010 10:56pm
Quoting 4X=0
Couple nice bars for two different pairs, though on a shorter TF.
Clean pinbars with MACD divergence.
Nice.... with Continuation PA's too

Quoting 4X=0
USDCHF and EURUSD
sheesh these MT5 save-as charts don't include any infos!
thanks for the heads up!
  • #57,144
  • Mar 3, 2010 11:25pm Mar 3, 2010 11:25pm
Quoting joelcf
I am seeing some strong PA in this thread today.
lol.
Indicators show the past. Price Action "Indicates" the future.
  • #57,145
  • Mar 3, 2010 11:50pm Mar 3, 2010 11:50pm
Quoting giotto
Hey gang,

so I would like to share some of my bad trades as well, so you can avoid it next time hopefully same as me.

http://img692.imageshack.us/img692/7...trade3outf.gif

1. trade CADJPY: 4hr, PIN, 61.8 fibo touch, nice position, clear SL lvl just above pre-PIN bar and little above PPZ @ 86.15, [email protected]. After trade was triggered, market has moved immediately to 85.65 PPZ lvl. 1/3 of trade was closed and rest was put to BE. On the next bar I have managed to close another 1/3 when bar was making LL. Last 1/3 of trade...
Thank you for your sharing Giotto. Nice trade on CADJPY!
Dreams are hard to follow, but don't let anyone, tear them away...
  • #57,146
  • Mar 3, 2010 11:54pm Mar 3, 2010 11:54pm
A quick question for the IB fans.. What do you call that which appears on GBP/CHF (H4) ? I16B? Mike, Jarroo, Dale, Anyone??
  • #57,147
  • Mar 3, 2010 11:58pm Mar 3, 2010 11:58pm
Quoting wh1zz0
A quick question for the IB fans.. What do you call that which appears on GBP/CHF (H4) ? I16B? Mike, Jarroo, Dale, Anyone??
yes it would be an I?B, fill the ? mark with whatever amount that then current inside bars range is smaller then the previous X bars. So if it has a smaller range then the previous 15 bars it would be a I16B

Best
Mike
  • #57,148
  • Mar 4, 2010 12:02am Mar 4, 2010 12:02am
Hello everybody! This is my 1st post at FF. I started reading this thread 4 or 5 days ago and I'm all the way up to page 44. I feel like a time traveler showing up here on page 3810. Anyway, I did the math, and at the rate I'm going, it's gonna take me 3 months just to read my way to this post. I was hoping someone might suggest a more efficient option for getting up to speed, since 3800 pages will probably hurt my head very badly. Is there a more condensed version hereabouts? I'd appreciate any advice.

Peace
Mike

BTW,
I have been to the James16 website, but not ready to to subscribe just yet.
  • #57,149
  • Mar 4, 2010 12:18am Mar 4, 2010 12:18am
Quoting mbqb11
yes it would be an I?B, fill the ? mark with whatever amount that then current inside bars range is smaller then the previous X bars. So if it has a smaller range then the previous 15 bars it would be a I16B

Best
Mike
Ahhh

Thanks for the quick response Mike. Saved me the stress of going back to review old posts, until later.
  • #57,150
  • Mar 4, 2010 12:24am Mar 4, 2010 12:24am
Quoting supremeChaos
with this thread, u need more than two tabs

LOL.. I actually have like 10 tabs open but only 2 relating to this thread.
  • #57,151
  • Mar 4, 2010 12:39am Mar 4, 2010 12:39am
Quoting Pinhead
Hello everybody! This is my 1st post at FF. I started reading this thread 4 or 5 days ago and I'm all the way up to page 44. I feel like a time traveler showing up here on page 3810. Anyway, I did the math, and at the rate I'm going, it's gonna take me 3 months just to read my way to this post. I was hoping someone might suggest a more efficient option for getting up to speed, since 3800 pages will probably hurt my head very badly. Is there a more condensed version hereabouts? I'd appreciate any advice.

Peace
Mike

BTW,
I have been to...
Hey Mike,

First of all welcome.
I am also relatively new here and know how you feel.

One thing I found very useful is the links on page 1, especially the very 1st one which is a link to a lot of other links.

Another thing you could do is read the posts of some of the senior members, that way you get all the juicy bits without having to read through all the posts.

And then if there is anything you still need to know, just ask your question here!!!!!

There are plenty of people who have the knowledge and desire to help out us new guys!!!!

Hope this helps.

Dave.
  • #57,152
  • Mar 4, 2010 12:50am Mar 4, 2010 12:50am
Quoting Pinhead
Hello everybody! This is my 1st post at FF. I started reading this thread 4 or 5 days ago and I'm all the way up to page 44. ...
I've been a lurker here for more than 3 months (one of the 'invisibles'), and I'm STILL reading this stuff and practicing it without touching the pf yet. To me, it wouldn't make sense paying $129/month to cram even more info into my thick skull if I can't already let the good free stuff sink in.

Since you've only just started reading this thread, re-read the first 20-30 pages multiple times (say around 4-5 times), and make sure it sinks in 'cause that's where the bulk of the info is. Then go check out your monthly, weekly, daily charts and see if you can identify all the setups correctly.

After that, you can continue reading from the front of the thread for past setups and wisdom (what works, what doesn't, mm, psychology etc., it's all there, trust me) while dropping by the latest pages to see what the seniors have got their eyes on 'real-time' (okay it's usually AFTER the trade's been done, but at least it's recent enough for you to visit your charts and practice plotting support/resistance, fibs etc. to see what they see). That's what I'm doing anyways, and I'm only on page 335. ^^;

All the best!
  • #57,153
  • Mar 4, 2010 1:06am Mar 4, 2010 1:06am
Quoting arctos
I've been a lurker here for more than 3 months (one of the 'invisibles'), and I'm STILL reading this stuff and practicing it without touching the pf yet. To me, it wouldn't make sense paying $129/month to cram even more info into my thick skull if I can't already let the good free stuff sink in.

Since you've only just started reading this thread, re-read the first 20-30 pages multiple times (say around 4-5 times), and make sure it sinks in 'cause that's where the bulk of the info is. Then go check out your monthly, weekly, daily charts and see...
One thing that has REALLY helped me digest all of this has been the videos in the guest section at www.james16group.us. Some of the most helpful information I have ever come accross.

Jacob
  • #57,154
  • Mar 4, 2010 1:26am Mar 4, 2010 1:26am
Quoting vlazaf
Ascending trend line also another factor on weekly timeframe to give it the old A status...if she forms that is.

Yes, the more the confluences line up, the better. Its been a pretty stong move down, we're going to need some big PA or a nice base (consolidation) at this level to support a strong move up.
Indicators show the past. Price Action "Indicates" the future.
  • #57,155
  • Mar 4, 2010 2:43am Mar 4, 2010 2:43am
Quoting jarroo
I'm right here buddy. Great freaking trade. The 4 hour Euro PB is A+ trade in my book. Classic J16 in every way.

This is what I look for in a setup . . .

. . . which brings me to the 2 Day PB on the Usd/Chf. Price went down to 1.0714 and I moved to break even and was stop out for a break even trade. And believe me, I was happy with that. Don't get me wrong, I believe that this setup fullfilled itself but just barely.


I didn't like that intial break of this trade from the get go. The uptrend has been so strong that fighting...
Great Post Jarroo.. I've been a victim of playing the fools game in the past! Newbies Print this along with the charts and paste it on your wall.
  • #57,156
  • Mar 4, 2010 3:17am Mar 4, 2010 3:17am
done.

Quoting nasir.khan
Ohh yea he is.

Here are the thread summaries thanks to Cyrus and i think this should be in post one.

Summaries from seniors from page 3000-3500.

James16, Mike and Raczekfx from page 1 to 2500.

[url="http://www.forexfactory.com/attachment.php?attachmentid=326628&d=Oct%201,%202009%2012:40pm"]Summaries...
  • #57,157
  • Mar 4, 2010 3:20am Mar 4, 2010 3:20am
Quoting arctos
To me, it wouldn't make sense paying $129/month to cram even more info into my thick skull if I can't already let the good free stuff sink in.
well said arctos. its actually easier on me if people follow this advice.
  • #57,158
  • Mar 4, 2010 3:20am Mar 4, 2010 3:20am
thank you.

Quoting Jcp
One thing that has REALLY helped me digest all of this has been the videos in the guest section at www.james16group.us. Some of the most helpful information I have ever come accross.

Jacob
  • #57,159
  • Mar 4, 2010 3:23am Mar 4, 2010 3:23am
take your time with the entire thread and dont burn yourself out.

what we do is simple. if you stay involved with the current postings and follow the outlines in post 1 you will be fine.

jim

Quoting Pinhead
Hello everybody! This is my 1st post at FF. I started reading this thread 4 or 5 days ago and I'm all the way up to page 44. I feel like a time traveler showing up here on page 3810. Anyway, I did the math, and at the rate I'm going, it's gonna take me 3 months just to read my way to this post. I was hoping someone might suggest a more efficient option for getting up to speed, since 3800 pages will probably hurt my head very badly. Is there a more condensed version hereabouts? I'd appreciate any advice.

Peace
Mike

BTW,
I have been to...
  • #57,160
  • Mar 4, 2010 3:25am Mar 4, 2010 3:25am
nice charts 4x. very nice.

jim



Quoting 4X=0
H1 btw
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