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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

  • #73,621
  • Sep 1, 2010 6:35pm Sep 1, 2010 6:35pm
Quoting eswap0
yes, .man .i agree with you and may be the target is @1.0220 .
let see what will happen .
A chart helps those who can read it.
  • #73,622
  • Sep 1, 2010 8:10pm Sep 1, 2010 8:10pm
The more experience I have, the more I realize I should just not even bother looking at charts (at least not 4hr) during the week prior to NFP.

Sure you can make money on some PA, but the reality is, you would be better off spending your time doing something else because there's not as much opportunity presented during NFP weeks.

The longer I practice this, the more I realize less is more
Many choose unhappiness over uncertainty.
  • #73,623
  • Sep 1, 2010 8:42pm Sep 1, 2010 8:42pm
Morning folks.

Just watching this USD/CHF PB and I have no intention of taking it.

About the only thing it has going for it is that it is at a swing low.

It is below the RN and not very large at all.

What I want to ask is about the fibo.
In this situation where it is not possible to fibo this PB from a recent swing low, is it possible to use the the swing low at point A to the recent swing high B as I drew it on this chart, or is this not viable.

EDIT: I am trying to get any distracting colors off my chart so, the thickness of the lines dictates the TF they are drawn on.
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  • #73,624
  • Sep 1, 2010 8:50pm Sep 1, 2010 8:50pm
Quoting jdl
....
Also some truly amazing stats on how huge FX market really is...
....
THE place to read about this is on the BIS website
the stats u mentioned is from the Preliminary Results of the Triennial Central bank survey. watch out for the Final results which will be published in November2010 (as mentioned in the above link)
  • #73,625
  • Sep 1, 2010 8:51pm Sep 1, 2010 8:51pm
Quoting raczekfx
ha, ha.. you know very well, there is no voodoo involved here.
It's just THE Knowledge (method) and clear picture, which side is taken by 95% of the players (market participants)...
....
hahah...
to us, voodoo is short for THE knowledge
  • #73,626
  • Sep 1, 2010 8:53pm Sep 1, 2010 8:53pm
Quoting Pinbar
Morning folks.

Just watching this USD/CHF PB and I have no intention of taking it.

About the only thing it has going for it is that it is at a swing low.

It is below the RN and not very large at all.

What I want to ask is about the fibo.
In this situation where it is not possible to fibo this PB from a recent swing low, is it possible to use the the swing low at point A to the recent swing high B as I drew it on this chart, or is this not viable.

EDIT: I am trying to get any distracting colors off my chart so, the thickness of the lines...
pb, same thing here, pass it on
  • #73,627
  • Sep 1, 2010 8:57pm Sep 1, 2010 8:57pm
Quoting Adilius07
I was looking at it from all different angles, and even now I still like the setup..
see the April highs? looks like that caused the problem (Resistance turned support). u could've entered slightly below that area (J16 This is Critical)
also, PA after that PB/BEOB seem to say that the upmove is pretty strong.

Quoting Adilius07
4 weeks trading stocks so far:
...
TOTAL:$124.20 or 0.25% gain to account
  • #73,628
  • Sep 1, 2010 9:07pm Sep 1, 2010 9:07pm
ghous, can you post the indicator to show the GMT, Broker, Bar Spread as shown at the bottom of your charts ? thanks a lot
  • #73,629
  • Sep 1, 2010 9:07pm Sep 1, 2010 9:07pm
For those that asked me questions about which PF to join in PM over the last couple of months, I am glad I directed you all away from Jacko's site, which I was formerly a member of. Jacko has done a runner it seems with subscription fees and a great deal more.

Those of you that joined the J16 site, now know for sure, you made the best decision. I am sure you also realized that 10 mins after joining.

Just don't forget to help me out with PA guys, once you all become like Mike, Jarroo, Ghous and SC etc! LoL
  • #73,630
  • Sep 1, 2010 9:19pm Sep 1, 2010 9:19pm
Quoting premierpip
....
alright. now to another problem: personality, trading style. how do i find out what trading style i'm suitable? do i find a trading style that i'm comfortable with? is that what makes it suitable for me?
...
TL (whats this?)
where can i read more about other examples of confluence? can i find it in any of James16 website video?
TL = trendline (as u probably know by now)

u will see examples of confluence in the free james16 videos & charts by the seniors here. there are a LOT of charts here to learn from.

trading style is congruent to your personality --- it boils down to what u want/dont want, what u like/dont like, what u love/dont love, what u are comfortable/not comfortable with.
based on your posts, it seems like u are not yet too familiar with yourself. u will find that trading will be an interesting journey to self-discovery.
Good luck & Keep at it!
  • #73,631
  • Sep 1, 2010 9:22pm Sep 1, 2010 9:22pm
Quoting raczekfx
...
Here's another one I was in an out before it exhausted itself (for now)
Love these charts...
nice catch.
the downmove cant go on forever
i got a chunk of it towards 1.3000

Quoting ghous
....
Couldn't you by any chance be posting more just like the good ol' days?
  • #73,632
  • Sep 1, 2010 9:28pm Sep 1, 2010 9:28pm
Quoting Pinbar
...
Just don't forget to help me out with PA guys, once you all become like Mike, Jarroo, Ghous and SC etc! LoL

im still a small fish, with a small account from a small country, Sir
.....& btw, with a crappy internet
  • #73,633
  • Sep 1, 2010 9:30pm Sep 1, 2010 9:30pm
8H touch trade had to be prior to 1.55 short off BRN +fib 61.8(I like these) entry not hit
PB close not so great imo ---tight management
with trend
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  • #73,634
  • Edited 11:39pm Sep 1, 2010 9:36pm | Edited 11:39pm
Quoting roundrock
ghous, can you post the indicator to show the GMT, Broker, Bar Spread as shown at the bottom of your charts ?
it's probably the first one in my recent post.
  • #73,635
  • Sep 1, 2010 9:40pm Sep 1, 2010 9:40pm
Quoting supremeChaos

im still a small fish, with a small account from a small country, Sir
.....& btw, with a crappy internet

But, the knowledge you have gained tips the balance against those minor problems. For sure!

The lower cost of living is also a benefit.


SC, what is your take on the fibo I posted?
  • #73,636
  • Sep 1, 2010 9:58pm Sep 1, 2010 9:58pm
Quoting bluetrader
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
Thanks a bunch!
  • #73,637
  • Sep 1, 2010 10:00pm Sep 1, 2010 10:00pm
Hey Supremo,
dont forget the real benefit of living in that small country-


Once you try Asian.............
you'll never go back to Eurasian


Food............ of course

RATFLMAO

chow
  • #73,638
  • Sep 1, 2010 10:01pm Sep 1, 2010 10:01pm
Quoting Pinbar
...
What I want to ask is about the fibo....
EDIT: I am trying to get any distracting colors off my chart so, the thickness of the lines dictates the TF they are drawn on.
Quoting Pinbar
....
SC, what is your take on the fibo I posted?
i think it is not a viable way to plot a fib, since u connected two spatially unrelated (& disconnected, incoherent, interrupted) swing areas/Price action.
we are supposed to connect & diagnose (the possible/ongoing retracement of) a current (& spatially related, uninterrupted, continuous) price action/swing.*

based on that chart, what u can plot, imho, is point B with the current PB's low &/or current PB low/May2010 high. meanwhile, point A, imho, can be connected with Dec2009 high, Feb2010 high & May2010 high.

regarding the 'distracting colors', what u can do is use different hues, as opposed to different colors. example would be, for MAs (or whatever indicator or object), use black & gray &/or dim gray (or blue w/ dark blue/dodger blue etc)
Hope this helps


*i used several adjectives to help clarify
  • #73,639
  • Sep 1, 2010 10:03pm Sep 1, 2010 10:03pm
Quoting chowur
Hey Supremo,
dont forget the real benefit of living in that small country-
....
Once you try Asian.............
you'll never go back to Eurasian
..
RATFLMAO
.....
hey chow,
u cant get that off of your head, can u Sir?
i agree in a way. but it also depends on your personal taste, hahah
  • #73,640
  • Sep 1, 2010 10:07pm Sep 1, 2010 10:07pm
Hey Supremo,
Dont you like Asian food-Chicken Adobo etc?


Why so serial?
chow
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