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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

  • #63,501
  • May 12, 2010 6:44am May 12, 2010 6:44am
Quoting smikester
Aiming for .8600, this bullish H4 bar is a counter trend bounce off .8450.... What do you think?
the possible 'in-between' traffic is around 0.8540-50.
on M30 chart (FXPro), price is forming a quadruple IB (I4B, or I5b including the current M30 bar; on H1, IB or I3B).
  • #63,502
  • May 12, 2010 7:01am May 12, 2010 7:01am
Quoting supremeChaos
the possible 'in-between' traffic is around 0.8540-50.
on M30 chart (FXPro), price is forming a quadruple IB (I4B, or I5b including the current M30 bar; on H1, IB or I3B).
Thanks for the heads up there, I didn't notice that compression. I like the look of it.
Gone to a better place
  • #63,503
  • May 12, 2010 7:21am May 12, 2010 7:21am
Looking at 1.28 before setting to BE and hopefully ride it up to 1.29.

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  • #63,504
  • May 12, 2010 7:29am May 12, 2010 7:29am
I believe in so, good to know that you confirm many other seniors who don't use' em are very successful.

MA serves R/S, could give conflu. that's a great point to take

Talking about MA parameters, such as 360/150, it is likely good to observe, the short periods like 6/10/21, I am a bit concerned, given the dynamics of market situations. each occassion has one optimal parameter,and you don't know when it changes while the market changes constantly.

So, it is okey for me to let it go, rather focus on the basics.

Thanks for the clarification



Quoting bundyraider
Those links that Mike gave were the first time I'd ever seen Jim come even close to giving those systems out on the public side.

There's not much at all that isn't freely discussed in here, but I think the reason you don't see them mentioned anywhere in the public side is completely out of respect for James, who has said himself that he spent a long time putting them together and figuring them out for himself and didn't want them exposed outside the PF. The most you get is the ema values.

I think it's great that there is something like that...
  • #63,505
  • May 12, 2010 7:32am May 12, 2010 7:32am
hey, jarroo, let me participate in the exercise too. am I drawing them in an optimal manner? thanks



Quoting jarroo
Try this one. Use only 4 or 5 lines. Only the best ones.
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  • #63,506
  • May 12, 2010 7:35am May 12, 2010 7:35am
Quoting fxeturn
Looking at 1.28 before setting to BE and hopefully ride it up to 1.29.

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seems to me risky ...
There is also no divergence ...
  • #63,507
  • May 12, 2010 7:41am May 12, 2010 7:41am
oops, just noticed you post yours already. look like not too much difference?? that sounds like a bit conflu, isn't it?


Quoting Pinbar
Phew.....This is a REAL tough one.

No matter how I move the lines, it always appears like I need one more line where I drew the RED one.

I do not think this is correct at all.
  • #63,508
  • May 12, 2010 7:45am May 12, 2010 7:45am
Quoting extraneo
seems to me risky ...
There is also no divergence ...
Why??

I think there is some divergence. If you are comparing the bar lows then you'r right but divergence is calculated upon close so if you check closing price there certainly is some divg.

This how i see it and maybe i am wrong.

Btw just talking about divg here. I did't took this trade cause i would've like it at BRN.
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  • #63,509
  • May 12, 2010 7:57am May 12, 2010 7:57am
Location isn't as good, but the PB looks better. Through 2 fibs, a BRN. Manager set at break even after 25 pips (Like this manager EA).

Comments greatly appreciated.

Thanks!
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  • #63,510
  • May 12, 2010 8:00am May 12, 2010 8:00am
Quoting jeurre
hey, jarroo, let me participate in the exercise too. am I drawing them in an optimal manner? thanks
Can i play too??????...pleaaaaaase. lol
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  • #63,511
  • May 12, 2010 8:03am May 12, 2010 8:03am
I4B and divergence in 1 hour, 3-day daily hidden divergence and possible PB forming on daily...
  • #63,512
  • May 12, 2010 8:08am May 12, 2010 8:08am
Quoting slade1986
Location isn't as good, but the PB looks better. Through 2 fibs, a BRN. Manager set at break even after 25 pips (Like this manager EA).

Comments greatly appreciated.

Thanks!

Hey Slade,

Your chart is way too much zoomed in and it looks a different story on my mt4 (no single bar PA) .

Well the setups is right in between a range and price is going to hit a strong PPZ at 1.4865 which is very near to it.
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  • #63,513
  • May 12, 2010 8:16am May 12, 2010 8:16am
Quoting nasir.khan
Can i play too??????...pleaaaaaase. lol
.


I think we got them all between the three of us. LoL



Seriously though, I had a terrible time before Jarroo mentioned to draw them on the weekly.

I would start on the weekly and end up on H1 with a total Birdcage and nowhere to possibly even consider a trade.

The remedy for me, is only drawing them on M1 and W1 is the point I have discovered.

I must have racked my brains for months over this, then run off to try another pivot indicator or S&R indi.

No more running!
  • #63,514
  • May 12, 2010 8:19am May 12, 2010 8:19am
Quoting slade1986
Location isn't as good,
This in no way invalidates nasir's contribution but I like this set up.

It's the second rejection of 1.5 and off a lower high as well. Next big trouble area is daily/weekly support at 1.48 ish, so be careful.

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Gone to a better place
  • #63,515
  • May 12, 2010 8:20am May 12, 2010 8:20am
TL + PPZ + BRN (1.65) +FIB.

Lets see....
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  • #63,516
  • May 12, 2010 8:21am May 12, 2010 8:21am
Quoting nasir.khan
Can i play too??????...pleaaaaaase. lol
.
I wanted a go, too. I knew this would happen...
Gone to a better place
  • #63,517
  • May 12, 2010 8:22am May 12, 2010 8:22am
Quoting smikester
This in no way invalidates nasir's contribution but I like this set up.

It's the second rejection of 1.5 and off a lower high as well. Next big trouble area is daily/weekly support at 1.48 ish, so be careful.

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I have no trouble selling below 1.4840 (if current 1H could close below it).
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  • #63,518
  • May 12, 2010 8:24am May 12, 2010 8:24am
Quoting nasir.khan
Hey Slade,
...
Well the setups is right in between a range and price is going to hit a strong PPZ at 1.4865 which is very near to it.
.
i think it's a matter of time when price will slice through that PPZ. gbp is bearish (imho, as eurgbp[moving up] & gbpchf , & probably other gbp crosses, have been moving bearishly)
  • #63,519
  • May 12, 2010 8:31am May 12, 2010 8:31am
Quoting nasir.khan
I have no trouble selling below 1.4840 (if current 1H could close below it).
.

Thanks for the input guys. I over looked that first PPZ, which it is testing now.

I'm working on predicting "Where is price going".


"I hope it's not all luck"
  • #63,520
  • May 12, 2010 8:34am May 12, 2010 8:34am
Quoting smikester
This...
It's the second rejection of 1.5 ...
....
& a quick rejection too
about 180-pip, 360degree movement today
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