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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

  • #59,421
  • Mar 28, 2010 3:36pm Mar 28, 2010 3:36pm
TBH CADJPY is an easy pass for me. On my feed this isn't a real 2 day pin since close of second bar is not below the open of the second. Also above 90 BRN, higher highs & lows, not to mention traffic to the left ..... NEXT plz

Quoting Dan Gilbert
It looks like a small two-day pin bar! I tried to get this on a 2day chart for you guys but the indicator doesn't seem to want to cooperate with me . anyway, wait for the break regardless.
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  • #59,422
  • Mar 28, 2010 3:41pm Mar 28, 2010 3:41pm
On the NZD / USD the monthly pivot is also at 6,985 which could be added confluence.

Although from what I can see pivots on Forex don't hold as well as pivots on equities.

  • #59,423
  • Mar 28, 2010 3:50pm Mar 28, 2010 3:50pm
Quoting mike w
100? that's wierd...I can't even hear anything right now. It blew out my eardrums. This could turn into another gbp/jpy runner like a few weeks ago. Have I ever mentioned how much I love I4Bs?

I4B's/squeeze alert patterns =
Many choose unhappiness over uncertainty.
  • #59,424
  • Mar 28, 2010 4:25pm Mar 28, 2010 4:25pm
Quoting Dan Gilbert
I4B's/squeeze alert patterns =
Ok, my bad, didn't check the weekly that thoroughly. But isn't it an I9B?
  • #59,425
  • Mar 28, 2010 4:37pm Mar 28, 2010 4:37pm
Yup, I haven't traded IB4 patterns. Personally I'd be looking for shorts upon the break of the IB. However, we would still be in the consolidation area & although we touched 138.00, it isn't quite a BRN such as 140 (am I reading it right?)

Should we wait to place our orders once price breaks the consolidation area or would you guys simply jump in upon the IB4 break.
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  • #59,426
  • Mar 28, 2010 4:41pm Mar 28, 2010 4:41pm
Quoting neutro
Ok, my bad, didn't check the weekly that thoroughly. But isn't it an I9B?
I10B lol. real tight wind up on the 0.7000 BRN

Quote
Yup, I haven't traded IB4 patterns. Personally I'd be looking for shorts upon the break of the IB. However, we would still be in the consolidation area & although we touched 138.00, it isn't quite a BRN such as 140 (am I reading it right?)

Should we wait to place our orders once price breaks the consolidation area or would you guys simply jump in upon the IB4 break.

hmmmmm the I4B you speak of I have been looking at too.... I don't like how it's not a super small bar, and the location is a bit significant (the trendline, and a PPZ) but not around a BRN... I don't count BRN's in 100 increments on a daily chart... just 500 pip increments.


GBPJPY could break out the top, or out the bottom.... I might trade it for a very small risk. We're talking like 0.5%... I'll be watching it for sure. I already had it marked on my dry-erase board
Many choose unhappiness over uncertainty.
  • #59,427
  • Mar 28, 2010 5:23pm Mar 28, 2010 5:23pm
Quoting Dan Gilbert
GBPJPY could break out the top, or out the bottom.... I might trade it for a very small risk. We're talking like 0.5%... I'll be watching it for sure. I already had it marked on my dry-erase board
that gap up makes it no-trade
Many choose unhappiness over uncertainty.
  • #59,428
  • Mar 28, 2010 5:29pm Mar 28, 2010 5:29pm
Quoting Dan Gilbert
that gap up makes it no-trade
hm... what's the significance of gaps? I'm really confused on the difference between a gap and just a regular price movement up.

Relict
Going to go Hunt for some large pips
  • #59,429
  • Mar 28, 2010 5:33pm Mar 28, 2010 5:33pm
Quoting relict07
hm... what's the significance of gaps? I'm really confused on the difference between a gap and just a regular price movement up.

Relict
for me it just messes up my plan and I feel better staying out... I don't really like that trade to begin with, I was happy when it gapped
Many choose unhappiness over uncertainty.
  • #59,430
  • Mar 28, 2010 10:17pm Mar 28, 2010 10:17pm
Quoting jarroo
Has anyone found one way to be better than the other or easier to manage?

The answer is really simple: The higher the quality of the PA setup the easier they are to manage.

I'm not sure of the setups you have taken but I can guess that they fell short of an A+ setup. Maybe you can show a chart or two?

For example let's look at a recently posted James16 chart. The Gbp/Nzd Daily PB.



This is at a swing low. The size is good meaning its as big or bigger the previous bars. The structure is solid meaning that the Open and Close is...
thanks to all for the response, I had been using S/R levels for my stops in the past, but I see from your 2nd chart I should look further back in time for confermation of those levels. One quick question, do you usually give a few pip buffer past the PBs for entries to reduce fake outs?
  • #59,431
  • Mar 28, 2010 10:19pm Mar 28, 2010 10:19pm
Quoting supremeChaos
ooohhh, i love this.
just for fun (aka 'learning'), Sir.
i opened that chart earlier, 'brainstormed' a bit. if that pin breaks, my guess is 5-6weeks from now. (April27-May7).
what's yours? much earlier or later?

Let's see
keep checking your pm this week...
  • #59,432
  • Mar 28, 2010 10:45pm Mar 28, 2010 10:45pm
raczekfx,
ah... yes, your PM which is almost always off.
precisely why i posted it here.

PM off = more vacation...
i got reminded again... am envious again, hahah
  • #59,433
  • Mar 28, 2010 10:55pm Mar 28, 2010 10:55pm
Quoting supremeChaos
PM off = more vacation...
i got reminded again... am envious again, hahah
isn't your whole life a vacation?
Many choose unhappiness over uncertainty.
  • #59,434
  • Mar 28, 2010 11:00pm Mar 28, 2010 11:00pm
Dan Gilbert,
hahah.. in a way, yes.
  • #59,435
  • Mar 28, 2010 11:04pm Mar 28, 2010 11:04pm
Quoting supremeChaos
Dan Gilbert,
hahah.. in a way, yes.
Many choose unhappiness over uncertainty.
  • #59,436
  • Mar 29, 2010 1:09am Mar 29, 2010 1:09am
Quoting bluetrader
What's up Quan-Chi-Lin.

Agree that this is an inside bar and going into strong resistance. My...
thanks for your response danny, it´s all clear what you told!

I´m reading since 2 or 3 weeks james thread and trying to learn,
because i want to start traiding weekly/daily and maybe onetime H4.
I was trading the M5 for over one year, and i would trade this setup on the M5 break, but this is another story.
I´m a little bit over breakeven with my M5 trading but you have to sit the whole day in front of the screen, i want to avoid this because it sucks!!!
I´m young, I want to have a life :-)
  • #59,437
  • Mar 29, 2010 1:17am Mar 29, 2010 1:17am
Hi folks

where is the guest page?


Cheers

Anthony
  • #59,438
  • Mar 29, 2010 1:46am Mar 29, 2010 1:46am
Quoting antgal23
Hi folks

where is the guest page?


Cheers

Anthony
Hi Anthony,

http://www.james16group.us/Guests/guestmaterial.html


CY
  • #59,439
  • Mar 29, 2010 2:02am Mar 29, 2010 2:02am
Thanks CY

Anthony
  • #59,440
  • Mar 29, 2010 2:15am Mar 29, 2010 2:15am
A location.....
.
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