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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

  • #73,721
  • Sep 2, 2010 6:13am Sep 2, 2010 6:13am
Quoting jarroo
Did you count the the blue one? , . . .
LOL, I missed that! But that is unbelievable!!!
This is one of those cases when I just don't believe my eyes!!!
How is this possible?
Every trade for this pair in the last year would be a winner (or BE at worst) how is this possible???
  • #73,722
  • Sep 2, 2010 6:17am Sep 2, 2010 6:17am
This is a Holy Grail
  • #73,723
  • Sep 2, 2010 6:18am Sep 2, 2010 6:18am
Quoting Donkey
Lot of outside bar talk last few pages, thought I would post this AUDNZD demo trade I'm in. Thanks for the pointers on retrace of outside bars Jaroo. A lot of chart time last 4 weeks but no trades, so I've been studying.

Daily chart had PPZ, 61.8 fib, and RN confluence at 1.2800, also divergence.

Entered on retrace of 4H BEOB, with s/l outside of the BEOB and hard take profit.

Ended up trailing stops and am now at 1R locked in with a TP set at 1.267.
That's freaking beautiful D., great entry Higher time frame levels and confluences then down to the 4 hour, nice size 4 hour bar, etc,

Well done sir.
Indicators show the past. Price Action "Indicates" the future.
  • #73,724
  • Sep 2, 2010 6:21am Sep 2, 2010 6:21am
Quoting john225
This is a Holy Grail
I really think it is. I was skeptical a month a go and was looking for the evidence of this being just another commercial catch you know.

But now I see the only catch with this methods is a trader himself, simply - will
I have just a little discipline to follow my rules, and just simply execute these simple concepts? If so, the dream life is just around the corner.

I can't believe it anyway, OMG OMG!!!!!!!!!!!
  • #73,725
  • Sep 2, 2010 6:31am Sep 2, 2010 6:31am
Quoting Adilius07
I really think it is. I was skeptical a month ago...
I can't believe it anyway, OMG OMG!!!!!!!!!!!
LOL....
another AHA moment?
  • #73,726
  • Sep 2, 2010 6:34am Sep 2, 2010 6:34am
Quoting supremeChaos
LOL....
another AHA moment?

I cannot even imagine what's the Net Worth of some Seniors here....
  • #73,727
  • Sep 2, 2010 6:41am Sep 2, 2010 6:41am
this applies to me. may be to few others

when i see historical charts, i get lot of good signals and most of them are correct and profitable. but in real time i dont 'see' the same signal. may be due to over-analysis, negligence, fear etc. i am sure i would have missed 50% of those marked in your charts and picked a different set of signals that would have failed. so nett is BE

I need to build that capability to see the LIVE charts like historical charts and trade LIVE like a i would have traded seeing the past signals.
  • #73,728
  • Sep 2, 2010 6:45am Sep 2, 2010 6:45am
Quoting Adilius07
...
I marked every buob at possible swing hi/lo. And the results are:
10 Winners, 1 Loss,....
Quoting benji533
And that single "failing" bar didn't ever break, AKA not valid - didn't really fail
if u waited for that BEOB to break (which happened 5 bars later), then it would've hit FTA & therefore belong to the win column
  • #73,729
  • Sep 2, 2010 6:58am Sep 2, 2010 6:58am
Quoting roundrock
this applies to me. may be to few others
when i see historical charts, i get lot of good signals and most of them are correct and profitable. but in real time i dont 'see' the same signal. may be due to over-analysis, negligence, fear etc.....
u addressed your own concern, Sir.

sooner or later, u will improve.
that is our natural progression... as long as we pursue excellence & dont quit

Quoting Adilius07
I cannot even imagine what's the Net Worth of some Seniors here....
on one hand, the net worth of seniors here are immaterial to u.
u should concern yourself mainly of how much success u would attain once u keep focused, determined at this endeavor
  • #73,730
  • Sep 2, 2010 7:00am Sep 2, 2010 7:00am
Quoting Atc
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

update on G/U PA
Attached Image(s) (click to enlarge)
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  • #73,731
  • Sep 2, 2010 7:09am Sep 2, 2010 7:09am
i have a question. i was looking through the charts on daily, weekly, monthly.

i tried to draw PPZ, but i realized that most of my PPZ, is the PPZ for all three charts. am i doing it wrongly? i have 5PPZ drawn on daily, and 4 of them have the same PPZ on the weekly and monthly.
  • #73,732
  • Sep 2, 2010 7:16am Sep 2, 2010 7:16am
Quoting supremeChaos
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!
yeah.. i've yet to find one that really keeps me on. i'm jumping here and there. LOL. just like new traders does. (:
  • #73,733
  • Sep 2, 2010 7:22am Sep 2, 2010 7:22am
Quoting jarroo
I will assume its about the importance of how a bar closes at a given level . . like a PPZ level and/or BRN.


Let's look at the GU on the Weekly, during the Fall of 2008.

We have a BRN, 1.5500, Price fails to Close below the 1.5500 on the Weekly and even the Daily. . .good indication that the 1.5500 is acting as Support.

Once Price breaks through and closes below the 1.5500, its a good chance that the 1.5500 will now act as Resistance.

We can see that once Price closed below the 1.5500 and even the Weekly and Daily Lows, they now acted...
Thanx Jarroo, I admire your patience and kindness with a newbie like me.http://cdn.forexfactory.com/images/icons/icon10.gif
Pipcrawler
  • #73,734
  • Sep 2, 2010 7:26am Sep 2, 2010 7:26am
Quoting premierpip
i have a question. i was looking through the charts on daily, weekly, monthly.
i tried to draw PPZ, but i realized that most of my PPZ, is the PPZ for all three charts. am i doing it wrongly? i have 5PPZ drawn on daily, and 4 of them have the same PPZ on the weekly and monthly.
no, u are doing great.
what happened is actually not surprising because u are essentially looking at the same price chart, only thru different timeframes.
it's like looking at a certain area or subject using different kinds of telescopes (monocular telescope, binocular telescope etc).
Hope that helps
  • #73,735
  • Sep 2, 2010 7:30am Sep 2, 2010 7:30am
Hey Jarroo,
Any thoughts about the E-G. Price starts coiling up nicely and has made a higher low on the weekly. I wouldn't be surprised if we see a nice breakout to the upside, I'll be then looking for a break and a pullback as asual.

May the force be with you.
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Pipcrawler
  • #73,736
  • Sep 2, 2010 7:33am Sep 2, 2010 7:33am
Hey Adi07 ----great job on BUOB/BEOB

Thx Jarooo for comments

Wow...I can't keep up with thread...going to have to spend the weekend...Fantastic Stuff here

wish i had more time....need to run

Bill
  • #73,737
  • Sep 2, 2010 7:41am Sep 2, 2010 7:41am
  •  Pbt
  • | Joined Sep 2010 | Status: on the way to becoming a pro. | 11 Posts
hi everybody, been here for a while, here im to share something with you.
i was using j16manager EA, but some time really want an EA that can move SL more than once. so found these 2, i tried both, either working fine:
first one IB partial close set by percentage
second one manageTP set by pips
hope seniors can have a test as well for everybody, hope you enjoy it.
Attached File(s)
File Type: ex4 IB Partial Close.ex4   7 KB | 405 downloads
File Type: mq4 ManageTPv2-4.mq4   6 KB | 434 downloads
  • #73,738
  • Sep 2, 2010 7:42am Sep 2, 2010 7:42am
Quoting supremeChaos
no, u are doing great.
what happened is actually not surprising because u are essentially looking at the same price chart, only thru different timeframes.
it's like looking at a certain area or subject using different kinds of telescopes (monocular telescope, binocular telescope etc).
Hope that helps
alright. does doing this help? as in drawing PPZ for the 3 TF on one chart. is this counted as confluence?
  • #73,739
  • Sep 2, 2010 7:59am Sep 2, 2010 7:59am
Quoting premierpip
alright. does doing this help? as in drawing PPZ for the 3 TF on one chart. is this counted as confluence?
u mean drawing PPZs in Daily to Monthly?
i think, in a little way, it is confluence.
  • #73,740
  • Sep 2, 2010 8:10am Sep 2, 2010 8:10am
I have a pending order above this USD/CAD 1 HOUR BUOB (the order is just above that mini price flip)
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