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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

  • #62,141
  • Apr 28, 2010 11:17am Apr 28, 2010 11:17am
Quoting ghous
Thnx to you too big man.

Now this is a IPB.
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Indicators show the past. Price Action "Indicates" the future.
  • #62,142
  • Apr 28, 2010 11:23am Apr 28, 2010 11:23am
Quoting datogio
I see the top of the channel as well.
Multiple confluences.
Indicators show the past. Price Action "Indicates" the future.
  • #62,143
  • Apr 28, 2010 11:24am Apr 28, 2010 11:24am
Quoting jarroo
You may want to take those bullish PBs at swing lows. .shame on you.

As a continuation PB, risky but tradable but never a full bar loss.
as a continuation, but bouncing off an old resistance.

gimme a break jarro! This is the first week I have seriously started monitoring my futures trading!!!!




lol, I keed, I keed. but yeah I had confidence in it, and am happy I attempted it. How else will I learn.
Many choose unhappiness over uncertainty.
  • #62,144
  • Edited 12:31pm Apr 28, 2010 11:28am | Edited 12:31pm
Quoting Dan Gilbert
as a continuation, but bouncing off an old resistance.

gimme a break jarro! This is the first week I have seriously started monitoring my futures trading!!!!




lol, I keed, I keed. but yeah I had confidence in it, and am happy I attempted it. How else will I learn.

A chart is a chart my friend. Just having a little fun with you Dano. You're doing great.
Indicators show the past. Price Action "Indicates" the future.
  • #62,145
  • Apr 28, 2010 11:32am Apr 28, 2010 11:32am
Quoting jarroo
Now this is a IPB.
yeah that was just about as good as it can get.

Too bad I was busy selling some lotion over clickbank which (supposedly) grew back hair on a bald scalp when this IPB came about.

I sometime wonder where I'd be today if I had got myself into this biz a couple of years earlier than I did,

but then I quickly get over it when I think where I'd be, had I not discovered you guys and your stuff early enough in my life .

g.
I believe . . .
  • #62,146
  • Apr 28, 2010 11:33am Apr 28, 2010 11:33am
Quoting jarroo
A chart is a chart my firend. Just having a little fun with you Dano. You're doing great.
I know, I appreciate all your help man, I do.
Many choose unhappiness over uncertainty.
  • #62,147
  • Apr 28, 2010 11:38am Apr 28, 2010 11:38am
Quoting ghous
yeah that was just about as good as it can get.

Too bad I was busy selling some lotion over clickbank which (supposedly) grew back hair on a bald scalp when this IPB came about.

I sometime wonder where I'd be today if I had got myself into this biz a couple of years earlier than I did,

but then I quickly get over it when I think where I'd be, had I not discovered you guys and your stuff early enough in my life .

g.

I feel the same way at times. Wishing I started in my 20's . . .what a mintue . . are you 20 yet g? Your future looks very very bright my friend.
Indicators show the past. Price Action "Indicates" the future.
  • #62,148
  • Apr 28, 2010 11:42am Apr 28, 2010 11:42am
Quoting jarroo
I feel the same way at times. Wishing I started in my 20's . . .what a mintue . . are you 20 yet g? Your future looks very very bright my friend.
Thnx my friend.
I believe . . .
  • #62,149
  • Apr 28, 2010 11:44am Apr 28, 2010 11:44am
Quoting jarroo
Your future looks very very bright my friend.
which future? copper? I don't know ghous's favorite future... enlighten me!
Many choose unhappiness over uncertainty.
  • #62,150
  • Apr 28, 2010 11:45am Apr 28, 2010 11:45am
OOOOooooohhhhh!!!!

3000 posts up! Seems like a couple of months ago that I made my first post ever on the thread. Time really flies!

g.
I believe . . .
  • #62,151
  • Apr 28, 2010 11:46am Apr 28, 2010 11:46am
Quoting Dan Gilbert
which future? copper? I don't know ghous's favorite future... enlighten me!
you got to get that loss out of the way Dan. ...
I believe . . .
  • #62,152
  • Apr 28, 2010 11:49am Apr 28, 2010 11:49am
Quoting ghous
you got to get that loss out of the way Dan. ...
the demo trades are cluttering my mind!

lol.....

I'm coming up on post 1000 vbrn I hope to be here for thousands more. the picture folder I have for forex on my computer takes a very long time to load these days
Many choose unhappiness over uncertainty.
  • #62,153
  • Apr 28, 2010 11:53am Apr 28, 2010 11:53am
Quoting Dan Gilbert
the demo trades are cluttering my mind!

lol.....

I'm coming up on post 1000 vbrn I hope to be here for thousands more. the picture folder I have for forex on my computer takes a very long time to load these days
We look forward for your staying here and being envied for those I4B runners,

lol
I believe . . .
  • #62,154
  • Apr 28, 2010 11:57am Apr 28, 2010 11:57am
Quoting ghous
OOOOooooohhhhh!!!!

3000 posts up! Seems like a couple of months ago that I made my first post ever on the thread. Time really flies!

g.

Ghous congrats for your accomplishments 3000 is a very bold round number, sure mike's love it.

had to work more harder to catch you, one day.......one day

all the best!!
  • #62,155
  • Apr 28, 2010 12:02pm Apr 28, 2010 12:02pm
Quoting Dan Gilbert
the demo trades are cluttering my mind!

lol.....

I'm coming up on post 1000 vbrn I hope to be here for thousands more. the picture folder I have for forex on my computer takes a very long time to load these days
WOW you guys are putting a lot of hard work.

Congrats buddy

just be sure to waith for PA confirmation befor pulling the trigger

all the best!!
  • #62,156
  • Apr 28, 2010 12:02pm Apr 28, 2010 12:02pm
Quoting ghous
We look forward for your staying here and being envied for those I4B runners,

lol
speaking of I4Bs, that USDCAD one is already retracing, but I closed the whole thing out at 1.0100 round number, so I guess Mikes method of being realistic and closing out your trade quickly is legit. (surprise!)
Many choose unhappiness over uncertainty.
  • #62,157
  • Apr 28, 2010 12:03pm Apr 28, 2010 12:03pm
Quoting triger88990
Ghous congrats for your accomplishments 3000 is a very bold round number, sure mike's love it.

had to work more harder to catch you, one day.......one day

all the best!!
I'd love to have you chase me around if it really is you in your profile pic.
I believe . . .
  • #62,158
  • Apr 28, 2010 12:04pm Apr 28, 2010 12:04pm
I know NOTHING about IPBs, its funny cause people hop into this thread late and assume it is a J16 bar. Not that it isn't an effective one, I have been trying to keep an eye out. These days I just don't seem to have time to test things to add. I wish I did still.

I did see this one yesterday and thought of our G man


Mike
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  • #62,159
  • Apr 28, 2010 12:06pm Apr 28, 2010 12:06pm
Quoting Dan Gilbert
speaking of I4Bs, that USDCAD one is already retracing, but I closed the whole thing out at 1.0100 round number, so I guess Mikes method of being realistic and closing out your trade quickly is legit. (surprise!)
...
I believe . . .
  • #62,160
  • Edited 1:24pm Apr 28, 2010 12:07pm | Edited 1:24pm
Quoting HanSolo
Is it just me or are PBs with nearly equal open/close more reliable than other PBs?
Quoting HanSolo
Hello Jarroo, I was just thinking out loud after I saw some pretty small dojis on 4hr charts (@ swing highs/lows, PPZ, etc.) that worked like a charm. But then again I have found many counterexamples. So nevermind.

Thanks for your help
Hans

I see. All things being equal about PBs as it relates to location, swing High/Low, etc.

Then the answer is No . . . PBs are not more reliable when their Open and Close are equal. But that doesn't mean they are not tradable.

We like to see Bearish PB with their Close lower than the Open and Bullish PBs with their Close higher than the Open. They show more strength when they are structured this way.

The importance is that the nose is much longer then their heads, within previous bar, location, PPZ, etc.
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Indicators show the past. Price Action "Indicates" the future.
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