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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

  • #73,521
  • Sep 1, 2010 6:16am Sep 1, 2010 6:16am
Quoting roundrock
some observations on weekly setups using pins, buo/beob....
is your observation based on the recent weeks only?
check if your observation represents well the weeks of recent months/years
  • #73,522
  • Sep 1, 2010 6:20am Sep 1, 2010 6:20am
Quoting ghous
Simon man!

Long time for sure!!

Howz everything?
Hey Ghous

you still knocking around these parts then!!!! Good stuff.
hopefully will have a bit more time to post now - was out in the fx wilderness for a while discovering my own things (based off all good stuff that i have learnt here).
Also went travelling for 7 months so finally back to some screen time and finding my feet again.
So i'm not another statistic just yet!!!

cheers

Simon
  • #73,523
  • Sep 1, 2010 6:25am Sep 1, 2010 6:25am
Hey Ace,
Been watching the E-G, some nice confluence at the 8335, don't you think so ?
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Pipcrawler
  • #73,524
  • Sep 1, 2010 6:46am Sep 1, 2010 6:46am
Quoting simoncs
...was out in the fx wilderness for a while discovering my own things (based off all good stuff that i have learnt here).
Also went travelling for 7 months.....
wow, what a nice life to have
  • #73,525
  • Sep 1, 2010 7:32am Sep 1, 2010 7:32am
has long term support around this level. will look for a PA off the VBRN to go long.
  • #73,526
  • Sep 1, 2010 7:46am Sep 1, 2010 7:46am
USD/CAD target (1.0580) hit
Anything can happen.
  • #73,527
  • Sep 1, 2010 7:56am Sep 1, 2010 7:56am
Quoting xmzhang
Hey Ace,
Been watching the E-G, some nice confluence at the 8335, don't you think so ?
Some confluence. Not enough for me to trade the setup though. Have to keep in mind that most of the time when I look for these setups, I also expect them to produce in the long term so I'm not looking for just bounces(though I may at times). As I see it right now the lower lows on the EURGBP Daily Chart don't look too appealing. The confluence is okay, not the best so I wouldn't take this trade to the bounce. I'd wait for an outside bar or some consolidation and then the break to get in.
  • #73,528
  • Sep 1, 2010 8:02am Sep 1, 2010 8:02am
Quoting Ace284
Sorry for the wait, I kinda took a nap

http://www.youtube.com/watch?v=oSHSCwiNBbI

Enjoy!

P.S I don't count pips but the reason I left it in the title was to see how easily people are attracted by the pip count.
Great video, great setup, wonderful trade! Thanks for sharing it.


fxtsun
  • #73,529
  • Sep 1, 2010 8:03am Sep 1, 2010 8:03am
Quoting xmzhang
Hey Ace,
In my opinion if you are looking at a 4H-TF and you want to drawn a TL on this chart then it would be recommended to switch to a higher TF in this case this would be the daily. In order to draw a TL "correctly" you'll need a clear view of all the extreme swing highs and lows, in order to have this clear view you'll need to get rid of all the local highs and lows which are considered as "noise", or else you'll end up with a bunch (fan) of TL's which have no significance. What maters is the TL on the higher TF.

May the force be...
That's golden advice. Switching to a higher TF, drawing your TL and then switching back to the lower TF. Reduces the 'noise' so you can easily see the main swing highs and lows. I use to do this all the time back when it was difficult for me to determine an 'important level'.

P.S I hope I'm not deviating too much from this threads main topic (pinbars)
  • #73,530
  • Sep 1, 2010 8:05am Sep 1, 2010 8:05am
nice looking pin off BRN 1.7 and free space. but the trend on H4 is down and on D1 is sideways

need feedback from seniors
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  • #73,531
  • Sep 1, 2010 8:07am Sep 1, 2010 8:07am
Quoting ddinnov
Hi all,

Took my first trade for a couple of weeks yesterday after switching platforms again. Completely had enough of pressure from GFT to trade live in order to keep using their demo so I'm back on MT4 with Alpari until I'm good and ready.

This was a first for me for taking a PA signal off the 1 hour after watching a daily bounce of what i saw was a strong PPZ level.

USD/CAD bounced off around 1.067~ area (again) and looked to head south to around 1.0580.

I accidentally fat fingered the sell button instead of setting a sell stop below...
I had the same issue with GFT. Also, when I started the J16 method and went back to demoing they charged me an 'inactivity fee'. I was able to get it back but the pressure to place a trade remained. I did however like how you could send an alarm to your cell. I decided to switch to MT4 with IBFX so I could reduce my lot size and take better advantge of compounding. I JUST WISH I COULD FIGURE OUT HOW TO SET UP THIS ALARM TO EMAIL FEATURE
  • #73,532
  • Sep 1, 2010 8:15am Sep 1, 2010 8:15am
Quoting roundrock
nice looking pin off BRN 1.7 and free space. but the trend on H4 is down and on D1 is sideways

need feedback from seniors
well , i am not a senior. but for me, the nose doesn't protrude much. she is just 30 pips below the low of the previous candle. something which i will play with tight stops and small positions.
meine augen sind die sterne
  • #73,533
  • Sep 1, 2010 8:41am Sep 1, 2010 8:41am
Holy moly....

this thread is moving too fast nowadays.

Sorry I don't keep myself updated in here enough

It is becoming impossible to maintain my pace with the recent pace of the thread here.
Many choose unhappiness over uncertainty.
  • #73,534
  • Sep 1, 2010 8:43am Sep 1, 2010 8:43am
Quoting Ace284

P.S I hope I'm not deviating too much from this threads main topic (pinbars)
This entire thread is about s/r + PA analysis, When did the main topic change to just pinbars
  • #73,535
  • Sep 1, 2010 8:45am Sep 1, 2010 8:45am
Quoting premierpip
I would like to ask for help from people more experienced than me.

i have been trying to look for pa on charts but i realise i have quite a few, how do i be more picky and choose the best? Or should i take all? And about confluence, how do i find confluene? can someone share how they find confluence ad pick the best? Thanks
Hey PP

The best place to start is post 1 from James and follow through and just start reading ALL of James16 charts. You will then see what the differences are b/w good bars and great bars, and also the different locations we want them. These locations are where the confluence will be. You then add price bar+ location and you will start to be able to formulate trade plans that will help you greatly.

Best of luck
Mike
  • #73,536
  • Sep 1, 2010 8:47am Sep 1, 2010 8:47am
Quoting Dan Gilbert
Holy moly....

this thread is moving too fast nowadays.

Sorry I don't keep myself updated in here enough

It is becoming impossible to maintain my pace with the recent pace of the thread here.
sure does, I slept late today and am in catch up mode!
  • #73,537
  • Sep 1, 2010 8:49am Sep 1, 2010 8:49am
Quoting mbqb11
sure does, I slept late today and am in catch up mode!
even on the weekends it has been busier....

Must have gotten linked somewhere???
Many choose unhappiness over uncertainty.
  • #73,538
  • Sep 1, 2010 8:52am Sep 1, 2010 8:52am
Quoting simoncs
Hey Ghous

you still knocking around these parts then!!!! Good stuff.
hopefully will have a bit more time to post now - was out in the fx wilderness for a while discovering my own things (based off all good stuff that i have learnt here).
Also went travelling for 7 months so finally back to some screen time and finding my feet again.
So i'm not another statistic just yet!!!

cheers

Simon
Hey Simon how are you
  • #73,539
  • Sep 1, 2010 8:54am Sep 1, 2010 8:54am
Quoting Dan Gilbert
even on the weekends it has been busier....

Must have gotten linked somewhere???
Yeah, I linked it to my blog. I'm pretty sure I've contributed a grand total of +3 viewers to this thread...including myself
  • #73,540
  • Sep 1, 2010 8:54am Sep 1, 2010 8:54am
Quoting spookie94
...I JUST WISH I COULD FIGURE OUT HOW TO SET UP THIS ALARM TO EMAIL FEATURE
Hey spook, have you tried searching the forum? I don't do mt4 e-mail personally, but mt4 can be picky about protocols due to security.

This thread seems like has worked for a few folks.

Hope this helps.

-- Danny
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