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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

  • #67,521
  • Jun 27, 2010 9:17pm Jun 27, 2010 9:17pm
Quoting aorta
Namaste everybody!

I am a silent reader of this golden Hen thread and now wants to break the ice.
you people have given so much here that I dont have any words. Esp. James,Jarroo, Mbqb, Mike W, S.C.you derseve more than V, I think the 10SV+
super vouches.

Sincerely want to thank you and others , now I am able to make 5 to 8 % a month stress free and with huge funds, that is more than enough for me and my organisation without any stress. I will drop the chart or trades as and when time allows me. This thread is the only I have seen...
Sir, you've got a huge heart and probably an equivalent sized brain. Highly respect what you're doing for your people.

God bless.
One Mind, Any Market
  • #67,522
  • Jun 27, 2010 10:39pm Jun 27, 2010 10:39pm
Hi guys,
Post summaries by the more senior folk here. A tad late cause the software's been buggy and annoying as anything.

If there are people you think I've missed out, pse PM me.

Hope this helps everyone. I'll stick the link for this post into the 1st page link.
Edit: Oh wait. Nasir! It's your post. LOL.

Internal files are compressed using Winrar.

(I hv also been told to not distribute the software, so no more PMs about that pse)
Attached File(s)
File Type: zip J16, P4000 to 4500.zip   1.6 MB | 1,013 downloads
One Mind, Any Market
  • #67,523
  • Jun 27, 2010 10:50pm Jun 27, 2010 10:50pm
Thanks Cyrus, very handy to have that summary of info - 40 something thousand posts are a bit daunting even to those willing to keep bashing their heads against the proverbial brick wall
  • #67,524
  • Edited 12:58am Jun 28, 2010 12:35am | Edited 12:58am
Quoting mbqb11
of course

I got in this

Ha ha . . .nice Mike. I didn't think you could let that one pass.

The touch trade was available on the Close above the .7000 on the Hourly ( your example), 4 hour, 8 Hour, 12 Hour and of course the Daily and Weekly.

Nothing beats a good PA confirmation.
Indicators show the past. Price Action "Indicates" the future.
  • #67,525
  • Jun 28, 2010 12:45am Jun 28, 2010 12:45am
Quoting ghous
uhh...tough call for me, honestly speaking I really have dug in trying to decipher the dynamics of the system I have been working on, a lot of trade decisions and thought processes some of which I dispel here at the thread are engineered one way or the other with the methods of this new system.

I see and understand well, all the pluses you point out Jarroo, just something here will still hold me from pulling the trigger on this.

In recent time I have really been keen on placing bets on setups that IMO synchronize with the on going and preceding...

I know what it is g . . . it the size of the IPB . . . a bit too small. That's was my conern as well. The IPB on Weekly Gold is the same thing. Everything looks good but the size is a bit small. One good quality that PA can't have enough of is good big size. (That's what she said)

.
Attached Image (click to enlarge)
Click to Enlarge Name: gold ipb.gif Size: 23 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,526
  • Jun 28, 2010 1:13am Jun 28, 2010 1:13am
Quoting jarroo
I know what it is g . . . it the size of the IPB . . . a bit too small. That's was my conern as well. The IPB on Weekly Gold is the same thing. Everything looks good but the size is a bit small. One good quality that PA can't have enough of is good big size. (That's what she said)

.
Oh well Gold just made me stop,

Don't watch gold, and just pulled it up after I saw your chart.

It's definitely a lot lot better in terms of the general flow of price (the way I see it) compared to the Nu, could have been longer still as you mentioned but I like the way how the low goes almost down to the previous bar's low.

Got to saw a nice one after quite some time.

Going to throw in a small position to see what selling gold feels like.

g.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 25 KB
I believe . . .
  • #67,527
  • Jun 28, 2010 1:13am Jun 28, 2010 1:13am
Quoting Rosentrade
Thanks Cyrus, very handy to have that summary of info - 40 something thousand posts are a bit daunting even to those willing to keep bashing their heads against the proverbial brick wall
Welcome Rosen. =)
This place has helped me a tremendous amount, it's my way of saying thank you to this great community. Hope you and others starting off will find it useful.

One can see how much snrs like Jarroo and Mike have put in over the years here. An insane amount of time and effort.
One Mind, Any Market
  • #67,528
  • Jun 28, 2010 1:32am Jun 28, 2010 1:32am
Quoting Cyrus
Hi guys,
Post summaries by the more senior folk here. A tad late cause the software's been buggy and annoying as anything.

If there are people you think I've missed out, pse PM me.

Hope this helps everyone. I'll stick the link for this post into the 1st page link.
Edit: Oh wait. Nasir! It's your post. LOL.

Internal files are compressed using Winrar.

(I hv also been told to not distribute the software, so no more PMs about that pse)
That's really cool Cyrus,

Thank you for your time and this wonderful software!

g.
I believe . . .
  • #67,529
  • Jun 28, 2010 1:34am Jun 28, 2010 1:34am
Quoting ghous
Oh well Gold just made me stop,

Don't watch gold, and just pulled it up after I saw your chart.

It's definitely a lot lot better in terms of the general flow of price (the way I see it) compared to the Nu, could have been longer still as you mentioned but I like the way how the low goes almost down to the previous bar's low.

Got to saw a nice one after quite some time.

Going to throw in a small position to see what selling gold feels like.

g.
Nice ghous . . . .you gotta like the stop loss.

See this on the 4 hour NU. The G-Bar!!!
Attached Image (click to enlarge)
Click to Enlarge Name: nuipb.gif Size: 25 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,530
  • Jun 28, 2010 1:46am Jun 28, 2010 1:46am
Double IPB
Attached Image
Trading: the skill of avoiding trades
  • #67,531
  • Jun 28, 2010 1:46am Jun 28, 2010 1:46am
Quoting jarroo
Nice ghous . . . .you gotta like the stop loss.

See this on the 4 hour NU. The G-Bar!!!


.
I believe . . .
  • #67,532
  • Jun 28, 2010 1:58am Jun 28, 2010 1:58am
Quoting eswap0
Double IPB
Nice one. The IPB is the next best thing to a touch trade with better confirmation in my book for sure.
Indicators show the past. Price Action "Indicates" the future.
  • #67,533
  • Jun 28, 2010 2:00am Jun 28, 2010 2:00am
Quoting eswap0
Double IPB
That's one choppy beast which worked for the better for you
I believe . . .
  • #67,534
  • Jun 28, 2010 2:04am Jun 28, 2010 2:04am
Quoting ghous
That's one choppy beast which worked for the better for you
You're right.
I knew the risk, therefore reduced my position size.
Thanks!
Trading: the skill of avoiding trades
  • #67,535
  • Jun 28, 2010 2:39am Jun 28, 2010 2:39am
Quoting jarroo
Nice ghous . . . .you gotta like the stop loss.

See this on the 4 hour NU. The G-Bar!!!

I was also watching this on H4.
Looks like the Red rectangle is the FTA which lines up with the 150 EMA on H1.

very interesting, but that is the limit of my inquisitiveness.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.gif Size: 30 KB
Click to Enlarge Name: h1.gif Size: 33 KB
  • #67,536
  • Edited 2:58am Jun 28, 2010 2:45am | Edited 2:58am
Quoting Pinbar
I was also watching this on H4.
Looks like the Red rectangle is the FTA which lines up with the 150 EMA on H1.

very interesting, but that is the limit of my inquisitiveness.

The main target is always the Low (in this case) of the IPB. But after that other FTA or targets come into play, like the ones you have noted (on the 4 hour time frame where the setup was presented). Nice work Pb.
Indicators show the past. Price Action "Indicates" the future.
  • #67,537
  • Jun 28, 2010 3:04am Jun 28, 2010 3:04am
Quoting jarroo
The main target is always the Low (in this case) of the IPB. But after that other FTA or targets come into play, like the ones you have noted (on the 4 hour time frame where the setup was presented). Nice work Pb.

So, the H1 with PA stalling at the 150 is not that important?
EDIT: Oh so this is touch trading off the high of the PB, if the Main target is the low and not the EP?



Just reading a lot of seekinglights posts and some other stuff I found around the web. Seems like EMA pullbacks are his thing.

the Trading tribe thing is interesting.

Why are we afraid of keeping it simple. http://www.seykota.com/tribe/TT_Process/index.htm

Kind of hits a string inside me.
  • #67,538
  • Jun 28, 2010 3:11am Jun 28, 2010 3:11am
Quoting Pinbar
So, the H1 with PA stalling at the 150 is not that important?
EDIT: Oh so this is touch trading off the high of the PB, if the Main target is the low and not the EP?



Just reading a lot of seekinglights posts and some other stuff I found around the web. Seems like EMA pullbacks are his thing.

the Trading tribe thing is interesting.

Why are we afraid of keeping it simple. http://www.seykota.com/tribe/TT_Process/index.htm

Kind of hits a string inside me.
Its important for the Hour time frame.

If you were to take a touch trade at the .7150 PPZ level without PA confirmation can be risky. A touch at the .7150 with PA confirmation i.e. a IPB . .not so risky at the same location (roughly).


Seeking is a great guy . .read all of his stuff.
Indicators show the past. Price Action "Indicates" the future.
  • #67,539
  • Jun 28, 2010 3:18am Jun 28, 2010 3:18am
FTA or target, previous bar High.
Attached Image (click to enlarge)
Click to Enlarge Name: nuwww.gif Size: 20 KB
Indicators show the past. Price Action "Indicates" the future.
  • #67,540
  • Jun 28, 2010 3:18am Jun 28, 2010 3:18am
Quoting jarroo
Its important for the Hour time frame.

A touch at the .7150 with PA confirmation i.e. a IPB . .not so risky..
If there is an IPB to confirm that we make an entry, we wouldn't call it a touch trade would we? Unless a pending order is already placed at the desired level before the emergence of the PA, I should think

Quoting jarroo
Seeking is a great guy . .read all of his stuff.
Wonder where he is now. Miss his posts although can be lengthy sometimes.........................
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