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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

  • #64,321
  • May 19, 2010 7:24pm May 19, 2010 7:24pm
Quoting jarroo
Do not take it as a personal failure please . . just the opposite. You are unware of the experience you are learning right now. Believe me, its in that head of yours.


Jim

AHHH enjoy the journey.....ride the bumps!
  • #64,322
  • May 19, 2010 7:25pm May 19, 2010 7:25pm
Someone posted, in this thread I think, recently, talking about how to draw in SR using the zigzag tool with particular settings. I can't seem to find it now, can anyone help me out?
  • #64,323
  • May 19, 2010 7:26pm May 19, 2010 7:26pm
I notice that an IB on the USA/CAD chart was highlighted.
Tonight on forex4noobs.com I discussed J16 and the IB.

One of the methods used on forex4noobs is the master candle set up with at least 4 inside bars on the H1 chart.

It was remarked that longer time frames are used on J16, compared with forex4noobs.

I know plenty of others use the H1 candles.

This has probably been discussed before, being used to looking for multiple inside bars I am a little astounded when a single bar is identified as A+

Oh plotting the fibs - in the Asian session I plot these on the 5 minute chart - My logic is there is so little movement at this time the traders are plotting their way across the charts using fibs on the 5 minute charts. This makes highs and lows which would not be obvious or you would defo believe should not be used for a fib, very obvious.
  • #64,324
  • May 19, 2010 7:26pm May 19, 2010 7:26pm
Quoting Daneel
Someone posted, in this thread I think, recently, talking about how to draw in SR using the zigzag tool with particular settings. I can't seem to find it now, can anyone help me out?

Here you go:

http://www.forexfactory.com/showpost...ostcount=61058
Indicators show the past. Price Action "Indicates" the future.
  • #64,325
  • May 19, 2010 7:34pm May 19, 2010 7:34pm
Quoting six gun

This has probably been discussed before, being used to looking for multiple inside bars I am a little astounded when a single bar is identified as A+
The first thing I thought of was the Nov. 2007 Weekly Cad PB.

The A+ of A+.
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Indicators show the past. Price Action "Indicates" the future.
  • #64,326
  • May 19, 2010 7:35pm May 19, 2010 7:35pm
Quoting jarroo
Here you go:

http://www.forexfactory.com/showpost...ostcount=61058
Awesome, thanks!
  • #64,327
  • May 19, 2010 7:37pm May 19, 2010 7:37pm
The beauty of that PB is it stands out - It stands out across the room in a snow storm with the lights out - the kids in nursery will see it.

Every trader would knows anything about PB's or long wick patterns or what have you, will all say there is my baby and pounce on it.
  • #64,328
  • May 19, 2010 7:41pm May 19, 2010 7:41pm
Quoting six gun
The beauty of that PB is it stands out - It stands out across the room in a snow storm with the lights out - the kids in nursery will see it.

Every trader would knows anything about PB's or long wick patterns or what have you, will all say there is my baby and pounce on it.
Yes . . That is one of the qualities of what an A+ setup is all about.
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Indicators show the past. Price Action "Indicates" the future.
  • #64,329
  • May 19, 2010 7:54pm May 19, 2010 7:54pm
Quoting jarroo
Do not take it as a personal failure please . . just the opposite. You are unware of the experience you are learning right now. Believe me, its in that head of yours.

You're demoing this stuff is grrreat. Guess when a trader has most of his losses? you guess it . .its in the beginning so they might as well be demo dollars. lol

Your doing great Mau . .you just don't know it yet.

Jim
Thanks, Jim. I'm treating my demo dollars as if they were real dollars so I have been experiencing all the emotions associated with trading. It's insane how one losing trade can make me sick for a week.

I hope to be as good of a trader as you are one day. Tell me, how long have you been trading and how long did it take to learn enough to at least not be losing money? (Even being a breakeven trader seems like an unreachable goal to me right now, lol).
  • #64,330
  • May 19, 2010 8:03pm May 19, 2010 8:03pm
Quoting Mauzzz
Thanks, Jim. I'm treating my demo dollars as if they were real dollars so I have been experiencing all the emotions associated with trading. It's insane how one losing trade can make me sick for a week.

I hope to be as good of a trader as you are one day. Tell me, how long have you been trading and how long did it take to learn enough to at least not be losing money? (Even being a breakeven trader seems like an unreachable goal to me right now, lol).
I have been trading for a few years then I found this thread. Then I ignore this thread . .loss money . . and then came back to it and got serious.

Demo . . .demo . . . demo . . . Ah-ha . . . demo . . demo . . . Ah-Ha . .demo . .etc.

It took a few years, I had to get rid of some bad habits and started making good habits.

It just takes time. You'll get there. You're in the right place and you're doing the right things.
Indicators show the past. Price Action "Indicates" the future.
  • #64,331
  • May 19, 2010 8:12pm May 19, 2010 8:12pm
Quoting jarroo
The first thing I thought of was the Nov. 2007 Weekly Cad PB.

The A+ of A+.
  • #64,332
  • May 19, 2010 8:13pm May 19, 2010 8:13pm
Quoting jarroo
I have been trading for a few years then I found this thread. Then I ignore this thread . .loss money . . and then came back to it and got serious.

Demo . . .demo . . . demo . . . Ah-ha . . . demo . . demo . . . Ah-Ha . .demo . .etc.

It took a few years, I had to get rid of some bad habits and started making good habits.

It just takes time. You'll get there. You're in the right place and you're doing the right things.
hahah Jim and do you remember the size of the thread back then when it was "too big" for us
  • #64,333
  • May 19, 2010 8:16pm May 19, 2010 8:16pm
Quoting mbqb11
hahah Jim and do you remember the size of the thread back then when it was "too big" for us
I think that was one of the reasons why I ignored or left it . "I'm not reading all 300 pages . . .no way". lol
Indicators show the past. Price Action "Indicates" the future.
  • #64,334
  • May 19, 2010 8:49pm May 19, 2010 8:49pm
Quoting mbqb11
hahah Jim and do you remember the size of the thread back then when it was "too big" for us
Glad that the veterans are still around to share the wealth (of knowledge at least ).
I hardly ever post here, but I just wanna say that regardless of that fact, I hope that you know that your selfless dedication to helping people will seldom go unnoticed. Been following this tread and the J16 group for a while now, but I'm officially entering my first month of profit after digging my way out of the hole I built when I started live almost a year ago.
I might be at break even, but that V shaped balance statement has put me in a completely different state of mind and that roller coaster ride back to where I started has definitely been worth the effort.
I have reached the point where I know that this is something I will most likely continue to do for the rest of my life regardless of whether it's for a living or supplementary, and hope to get to the point where I can make the same contributions to the next gen.

Here's to the next 4289 pages
  • #64,335
  • May 19, 2010 8:52pm May 19, 2010 8:52pm
Quoting spyder
Glad that the veterans are still around to share the wealth (of...
congrats and much success into the future
  • #64,336
  • May 19, 2010 9:06pm May 19, 2010 9:06pm
Quoting jarroo
The first thing I thought of was the Nov. 2007 Weekly Cad PB.

The A+ of A+.

lmfao!

you guys still reminisce about that damn thing
Many choose unhappiness over uncertainty.
  • #64,337
  • May 19, 2010 9:27pm May 19, 2010 9:27pm
Quoting Dan Gilbert
natural gas is the absolute best
some trades are easy as butter.
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Many choose unhappiness over uncertainty.
  • #64,338
  • May 19, 2010 9:34pm May 19, 2010 9:34pm
Quoting Mauzzz
I just don't seem to be able to tell the difference between an A+ setup and worse setup yet....
two of the best (jarroo & mike) often post & talk about A+ setups & non-A+ setups. try to view all their charts
view the videos here, repetitively.
From all these, u will learn a great deal.
&
Practice + Participate (post questions & comments here)
+
Patience
  • #64,339
  • May 19, 2010 9:35pm May 19, 2010 9:35pm
Quoting Dan Gilbert
lmfao!
you guys still reminisce about that damn thing
i think, because 1 or both of them traded it.
(WEEKLY chart, a +/- 1 year A+++++++++++ trade )
  • #64,340
  • May 19, 2010 9:45pm May 19, 2010 9:45pm
lot of posts on G/J & E/J, I like U/j. good location, with trend, at 150 ema. Not much room till FTA. anyone? would post chart but still trying to figure it out with gft.
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