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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

  • #67,301
  • Jun 24, 2010 8:50pm Jun 24, 2010 8:50pm
Quoting jarroo
The nose is small which shows weakness.
I thought short noses at a swing high were indicative of strength? Strength as in the price has room to rise.
If you don't risk, you don't ever have to lose.
  • #67,302
  • Jun 24, 2010 8:53pm Jun 24, 2010 8:53pm
Quoting Pinbar
Yes, Jarrooo but I am eyeballing it on the weekly.

Very interesting.

"Great bars at great Locations".


Location. (check)

Great bar . . . (waiting )
Indicators show the past. Price Action "Indicates" the future.
  • #67,303
  • Jun 24, 2010 8:58pm Jun 24, 2010 8:58pm
Quoting bug
I thought short noses at a swing high were indicative of strength? Strength as in the price has room to rise.

Lets' make sure we are talking about the same thing,

Nice long nose on these PBs, in green. (I know that one is a BEOB, its just an example)
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #67,304
  • Jun 24, 2010 9:07pm Jun 24, 2010 9:07pm
Quoting jarroo
The A+ setup examples seem to be rare as of late but when they do appear then tend to really standout.

Its all about waiting for them and being picky about their location, size, structure, confluences, etc. Why? Because when they do appear they can be worth the wait . . . to say the least.


(What was the fundamentals on this again?)
Couldn't stop grinning at this.

This guy knows his stuff!

g.
I believe . . .
  • #67,305
  • Jun 24, 2010 9:08pm Jun 24, 2010 9:08pm
Hmm...it seems to me that we are talking about the same thing. I said the short nose on the GU was a sign of strength, meaning that the price could have some more room to go to the upside. The word 'strength' was not meant to describe the pin on GU. I'm getting pretty sleepy as it's 5:06 AM here, maybe I'm not very good at trying to convey what I tried to express...
If you don't risk, you don't ever have to lose.
  • #67,306
  • Jun 24, 2010 9:13pm Jun 24, 2010 9:13pm
Quoting Atc
Here's yesterdays trade with FTA hit refer to previous post.

However, here is a dilema and need some help.

I work a full time job and hard to monitor trades...
Any suggestions, besides to quitting my job?
ATC,

I also have a full time job that doesn't allow me to micro-manage my trades. Currently, I use a break even EA on my James 16 trades. You can search for one on FF and probably pull up a few different versions to use. Also, you should be able to do the same thing for just about any mechanical trade management you want to do, such as trailing the stop by two bars. All this assumes you are familiar with how to put an EA on your charts, and that you are placing trades on MT4.

I'm a programmer, so I can help you a bit if needed...as I'm sure some of the other guys are, too.
  • #67,307
  • Jun 24, 2010 9:15pm Jun 24, 2010 9:15pm
Quoting ghous
Couldn't stop grinning at this.

This guy knows his stuff!
g.

Its good to see them once in awhile. Just so I know what one looks like. lol Its like feast or famine with them at times. Tell the feast begin.

I get my pickiness from Mike. . . .but then again . . Mike probably didn't like the traffic on it . . . just kidding Mike . . or not. lol
Indicators show the past. Price Action "Indicates" the future.
  • #67,308
  • Jun 24, 2010 9:17pm Jun 24, 2010 9:17pm
Quoting bug
Hmm...it seems to me that we are talking about the same thing. I said the short nose on the GU was a sign of strength, meaning that the price could have some more room to go to the upside. The word 'strength' was not meant to describe the pin on GU. I'm getting pretty sleepy as it's 5:06 AM here, maybe I'm not very good at trying to convey what I tried to express...

Oh I see . . the small nose was weakness for the PB to be bearish but bullish to up side.

I like it . . . bug
Indicators show the past. Price Action "Indicates" the future.
  • #67,309
  • Jun 24, 2010 9:18pm Jun 24, 2010 9:18pm
Quoting ghous
Couldn't stop grinning at this.

This guy knows his stuff!

g.
yeah he does
  • #67,310
  • Jun 24, 2010 9:34pm Jun 24, 2010 9:34pm
I've been itching to short Tiffany for months now.

Attached Image (click to enlarge)
Click to Enlarge Name: TIF.PNG Size: 10 KB


Give me a break below 40, a retest and then I'll make back all that money you have cost me around anniversary/birthday/chistmas time for the last few years. Jerks.

-----------
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.

http://www.digitaltigers.com/stratos...elite-xe14.asp

(he is only running 6x 24" monitors, but I suspect more are coming soon)
When you have to shoot, shoot. Dont talk.
  • #67,311
  • Jun 24, 2010 9:38pm Jun 24, 2010 9:38pm
Quoting joelcf
I've been itching to short Tiffany for months now.

Attachment

Give me a break below 40, a retest and then I'll make back all that money you have cost me around anniversary/birthday/chistmas time for the last few years. Jerks.

-----------
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.

http://www.digitaltigers.com/stratos...elite-xe14.asp

(he is only running 6x 24" monitors, but I suspect more are coming soon)
rofl, yep talk about the right business to be in , they clean house
  • #67,312
  • Jun 24, 2010 9:39pm Jun 24, 2010 9:39pm
Quoting joelcf
I've been itching to short Tiffany for months now.

Attachment

Give me a break below 40, a retest and then I'll make back all that money you have cost me around anniversary/birthday/chistmas time for the last few years. Jerks.

-----------
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.

http://www.digitaltigers.com/stratos...elite-xe14.asp

(he is only running 6x 24" monitors, but I suspect more are coming soon)
.
Attached Image
I believe . . .
  • #67,313
  • Jun 24, 2010 9:42pm Jun 24, 2010 9:42pm
Quoting joelcf
I've been itching to short Tiffany for months now.

Attachment

Give me a break below 40, a retest and then I'll make back all that money you have cost me around anniversary/birthday/chistmas time for the last few years. Jerks.

-----------
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.

http://www.digitaltigers.com/stratos...elite-xe14.asp

(he is only running 6x 24" monitors, but I suspect more are coming soon)
Joel you missed the nice one though
Attached Image (click to enlarge)
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  • #67,314
  • Jun 24, 2010 9:45pm Jun 24, 2010 9:45pm
Quoting joelcf
I've been itching to short Tiffany for months now.


Give me a break below 40, a retest and then I'll make back all that money you have cost me around anniversary/birthday/chistmas time for the last few years. Jerks.

-----------
Also, just because it is Friday: A mate just bought a new toy. 14 monitor setup? Hell yes.

http://www.digitaltigers.com/stratos...elite-xe14.asp

(he is only running 6x 24" monitors, but I suspect more are coming soon)

Freakin wow. That would be cool.


Where were you a couple of months ago. . .nice BEOB at the swing high, trigger at the 48.
Indicators show the past. Price Action "Indicates" the future.
  • #67,315
  • Jun 24, 2010 9:48pm Jun 24, 2010 9:48pm
Quoting ghous
.
Indicators show the past. Price Action "Indicates" the future.
  • #67,316
  • Jun 24, 2010 9:50pm Jun 24, 2010 9:50pm
Quoting mbqb11
Joel you missed the nice one though
jinx
Indicators show the past. Price Action "Indicates" the future.
  • #67,317
  • Jun 24, 2010 9:51pm Jun 24, 2010 9:51pm
Quoting mbqb11
Joel you missed the nice one though
I know - talk about a cherry. Combine those bars and laugh all the way to the bank.

(although, I gotta say, drawin divergence on the volume bars is a bit dicey, hehe )

Then again, I did get in on the BUOB back in March last year @ $20 - although got taken out at 40, well before the highs.

Quoting jarroo
jinx
I think you mean confluence
When you have to shoot, shoot. Dont talk.
  • #67,318
  • Jun 24, 2010 9:53pm Jun 24, 2010 9:53pm
Quoting jarroo
jinx
I think you owe ME a coke on this one
  • #67,319
  • Jun 24, 2010 9:53pm Jun 24, 2010 9:53pm
Quoting joelcf
(although, I gotta say, drawin divergence on the volume bars is a bit dicey, hehe )
any more dicey then a MACD?
  • #67,320
  • Jun 24, 2010 9:56pm Jun 24, 2010 9:56pm
Quoting mbqb11
any more dicey then a MACD?
haha, cant argue with that.

Better patent it before the lurkers add a chapter to their ebook.
When you have to shoot, shoot. Dont talk.
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