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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

  • #76,001
  • Sep 30, 2010 12:45am Sep 30, 2010 12:45am
Quoting jarroo
PA off the Daily and Weekly PPZ levels will usualy cut through those minor areas.

Remember our Usd/Mxn Weekly chart? (Pb and I drew PPZ levels on this pair back in May, indicated by the yellow box). If you look at the minor levels, say on the 4 hour or even the Daily, you'll see Price will usually hit its target despite them.

Yes, Jarroo

I often change the chart every few hours changing my mind about the PPZ or something else. Now, I am starting to see between the lines a little.

Previously price seemed random and nonsensical, now I am starting to see a clear TOP & BOTTOM with ranges in between these two as it goes back to retest these areas. I was always mystified how you guys could say, "Price is now going to test this area", I just could not get a grip on it.

Still don't completely but, the 10 hours a day studying what the big guns are saying is certainly helping and, I can see how these areas become polarized and flip.
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  • #76,002
  • Sep 30, 2010 12:52am Sep 30, 2010 12:52am
Quoting Pinbar
Yes, Jarroo

I often change the chart every few hours changing my mind about the PPZ or something else. Now, I am starting to see between the lines a little.

Previously price seemed random and nonsensical, now I am starting to see a clear TOP & BOTTOM with ranges in between these two as it goes back to retest these areas. I was always mystified how you guys could say, "Price is now going to test this area", I just could not get a grip on it.

Still don't completely but, the 10 hours a day studying what the big guns are saying is certainly...

You'll get there brother . .it just takes some time and practise.


Have you been viewing James' and Mike's videos and webinars? Viewing them, as Mike would say, till your eyes bleed. lol I know the feeling.lol

I viewed them many many times . . I could go to bed and listen to them like a radio and veiw the charts they were talking about in my head . . . a little crazy but I enjoy them.
Indicators show the past. Price Action "Indicates" the future.
  • #76,003
  • Sep 30, 2010 12:54am Sep 30, 2010 12:54am
Quoting jarroo
You'll get there brother . .it just takes some time and practise.


Have you been viewing James' and Mike's videos and webinars? Viewing them, as Mike would say, till your eyes bleed. lol I know the feeling.lol

I viewed them many many times . . I could go to bed and listen to them like a radio and veiw the charts in my head . . . a little crazy but I enjoy them.
Yes, LOL

The 10 hours a day is the minimum, I am going through half a bottle of eye drops a day.

I look out my window at the mountains and see highs and lows. Honest.


It seems there is some deep psychological reason we humans try to complicate all this.

I mean, it can't be this simple....IT BLOODY WELL IS, I can hear you scream.
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  • #76,004
  • Sep 30, 2010 12:56am Sep 30, 2010 12:56am
Hi guys, sorry if this question had been asked before but I just cant seem to find it through quick search. Why is that in FXPro I notice no bearish pin but shown on another broker. Is this something to do with the timezone of the respective broker? Is there any preference as to which timezone is preferred? Tks.
  • #76,005
  • Sep 30, 2010 12:59am Sep 30, 2010 12:59am
Quoting LiuLangZe
Hi guys, sorry if this question had been asked before but I just cant seem to find it through quick search. Why is that in FXPro I notice no bearish pin but shown on another broker. Is this something to do with the timezone of the respective broker? Is there any preference as to which timezone is preferred? Tks.

Yes, and there is no best broker it seems, they say, just trade what you see on your feed as the location is the main point.

A PA bar without being at a good location, is of no use, the location will be the same on any broker or feed.
  • #76,006
  • Sep 30, 2010 1:02am Sep 30, 2010 1:02am
Quoting LiuLangZe
Hi guys, sorry if this question had been asked before but I just cant seem to find it through quick search. Why is that in FXPro I notice no bearish pin but shown on another broker. Is this something to do with the timezone of the respective broker? Is there any preference as to which timezone is preferred? Tks.

It has to do with the broker's Closing time. Difference closing times meaning different PA formations. FXPro close its day at 5:00 PM EST other broker's may close its day at 6:00PM or 7:00PM. I like FxPro, closing time is with New York.

But there's really not that much difference, what is important is that all of these different feeds have the same PPZ levels.
Indicators show the past. Price Action "Indicates" the future.
  • #76,007
  • Sep 30, 2010 1:09am Sep 30, 2010 1:09am
Quoting Pinbar
Yes, LOL

The 10 hours a day is the minimum, I am going through half a bottle of eye drops a day.

I look out my window at the mountains and see highs and lows. Honest.


It seems there is some deep psychological reason we humans try to complicate all this.

I mean, it can't be this simple....IT BLOODY WELL IS, I can hear you scream.

lol Yeah . .lol but I didn't scream it, Pb .. . lol

You're getting it, Pb.
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Indicators show the past. Price Action "Indicates" the future.
  • #76,008
  • Sep 30, 2010 1:28am Sep 30, 2010 1:28am
Quoting grahamec
Thanks FXP, do you also check your charts at about 10pm every trading day for set ups ? would it be too much trouble if I asked you to clarify what you mean by paying attention to any decent bar regardless of closing time, do we not need the close to determine the bar ?
And lastly (bet you wished you hadn't replied to my post now) is it the close of day that is most important or close of market ie: London NY Asia etc
Thanks very much in advance
Grahame

Hi,

As Lord said close of the bar is needed to form a pinbar etc. I dont mind if it is 22:00. 23:00 close etc if the bar is great.

I check at about 9 to see what potential bars are looking like then if I am interested place orders at closing time.


cheers

fxp
  • #76,009
  • Edited 2:19am Sep 30, 2010 2:07am | Edited 2:19am
Quoting jarroo
lol Yeah . .lol but I didn't scream it, Pb .. . lol

You're getting it, Pb.

Wow, what a beautiful chart that is Jarroo.

New people including myself, should ponder how much effort Jarroo put into studying trading to be able to simplify it like this.

Jarroo, have you EVER had any problems with the J16 methodology when you first started? It is hard to believe you ever did.


Here you go.

I have been totally burned out this week, but still managed to watch James16, Mike's and SL's videos.
Now, I have to keep the thread of what I has sunk into my mind this week, going and not go off at a tangent.
Yesterday, I posted an S&R indicator in the PF that is based on the zig zag indicator, doesn't show zig zags but it draws lines where they are.
I gueess, I was once again wanting to use an indicator to draw these PPZ to void myself of the responsibility.
Hey, if an indicator drawn line doesn't hold and we get stopped out, we can go Hey Indicator you %$%$@%%$#$%@% piece of %WQEREWEREWE%RWE%^RW%R%REWR. LOL

It is all in the mind!
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  • #76,010
  • Sep 30, 2010 2:20am Sep 30, 2010 2:20am
Quoting Pinbar
Wow, what a beautiful chart that is Jarroo.

New people including myself, should ponder how much effort Jarroo put into studying trading to be able to simplify it like this.

Jarroo, have you EVER had any problems with the J16 methodology when you first started? It is hard to believe you ever did.

Oh sure I did, Pb . . I had the same problems like every one else . .making it more complicated then it really is . . not being patient . . . finding the so-so setups instead of the higher quality A+ setups . .etc. Many others have caught on to this method alot faster then me .. lol

I just kept at it and had a lot help from James16, Mike, and many many others on this great thread.

I should have added "Price breaking through" on that chart. Here we go . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #76,011
  • Sep 30, 2010 2:29am Sep 30, 2010 2:29am
Quoting jarroo
Oh sure I did, Pb . . I had the same problems like every one else . .making it more complicated then it really is . . not being patient . . . finding the so-so setups instead of the higher quality A+ setups . .etc. Many others have caught on to this method alot faster then me .. lol

I just kept at it and had a lot help from James16, Mike, and many many others on this great thread.

I should have added "Price breaking through" on that chart. Here we go . . .

Interesting, Jarroo, I think people need to hear this. Well, I do!

How did you find the PPZ levels, did you not have any trouble with them?
  • #76,012
  • Sep 30, 2010 2:38am Sep 30, 2010 2:38am
Quoting Pinbar
Interesting, Jarroo, I think people need to hear this. Well, I do!

How did you find the PPZ levels, did you have any trouble with them?

Sure I did. I would copy and print all of James16 charts and many others and veiw and study them like a book. Then the videos came out and that was great.

You just keep at it Pb. The time and practise does pay off. It will hit you . .you're already making really good progress . .you just don't know it yet. . . it'll hit you.
Indicators show the past. Price Action "Indicates" the future.
  • #76,013
  • Sep 30, 2010 2:46am Sep 30, 2010 2:46am
Still in the eu trade. Didn't see much movement through the asian session. I am expecting a move up during today's sessions. Anyhow, what I have been seeing is that many of the trades I take off 1hour pa also come to be a setup on the 4hour, the 4hour just being a bit late in entry some of the time, but much clearer in setup formation etc. mmm, food for thought, it would be nice to be able to make the switch from trading the highly intense energy sapping 1hour to the more chilled 4hour without losing profitability..

Anybody experienced this before? I never thought I would get tired of the 1 hour but gees it kills you. But I guess I shouldn't complain. I am just scared to change anything because I am doing very well and am scared to make changes.. But if I can trade the 1 hour well surely the 4 hour wouldn't be a problem?

always a work in progress.

regards,
Thank you j16!
  • #76,014
  • Sep 30, 2010 2:50am Sep 30, 2010 2:50am
Quoting anderou
Still in the eu trade. Didn't see much movement through the asian session. I am expecting a move up during today's sessions. Anyhow, what I have been seeing is that many of the trades I take off 1hour pa also come to be a setup on the 4hour, the 4hour just being a bit late in entry some of the time, but much clearer in setup formation etc. mmm, food for thought, it would be nice to be able to make the switch from trading the highly intense energy sapping 1hour to the more chilled 4hour without losing profitability..

Anybody experienced this before?...
Quoting jarroo
Watch the Weekly PA and trade it as if it was a 1 hour chart.
.
Indicators show the past. Price Action "Indicates" the future.
  • #76,015
  • Sep 30, 2010 2:56am Sep 30, 2010 2:56am
Quoting jarroo
Sure I did. I would copy and print all of James16 charts and many others and veiw and study them like a book. Then the videos came out and that was great.

You just keep at it Pb. The time and practise does pay off. It will hit you . .you're already making really good progress . .you just don't know it yet. . . it'll hit you.
Thanks for the kind encouragement Jarroo.

I will keep at it till my eyes bleed, then bleed some more.
  • #76,016
  • Sep 30, 2010 3:18am Sep 30, 2010 3:18am
Hi all,

Like to ask a question about entering a trade using Pinbar method.

Should I enter the trade immediately when the Pinbar close(10 pips below), or wait until the "right eye" bar close so to confirm the "right eye" is actually within range of the "left eye"? if to wait for "right eye" close, should I then wait for price retrace back to 10 pips below Pinbar or just enter at whatever the next bar open price?

thanks

BT
  • #76,017
  • Sep 30, 2010 4:17am Sep 30, 2010 4:17am
Quoting BlueTurtle
Hi all,

Like to ask a question about entering a trade using Pinbar method.

Should I enter the trade immediately when the Pinbar close(10 pips below), or wait until the "right eye" bar close so to confirm the "right eye" is actually within range of the "left eye"? if to wait for "right eye" close, should I then wait for price retrace back to 10 pips below Pinbar or just enter at whatever the next bar open price?

thanks

BT
Hi BT,
Normal way to trade pinbar is to place order as soon as price breaks the bar. No need to wait for right eye formation etc.

By the way, this is a normal entry style only. Different traders use different styles. But, always enter after the break of the bar.
  • #76,018
  • Sep 30, 2010 4:21am Sep 30, 2010 4:21am
Took this one today. Red dotted line is T/P 1

pretty massive PIN in the direction of the trend and closed above VBRN 500.

Not sure where to look for confluence with a bar this size though.
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Anything can happen.
  • #76,019
  • Sep 30, 2010 4:35am Sep 30, 2010 4:35am
Quoting The Lord
Hi BT,
Normal way to trade pinbar is to place order as soon as price breaks the bar. No need to wait for right eye formation etc.

By the way, this is a normal entry style only. Different traders use different styles. But, always enter after the break of the bar.
got it. Thank you.
  • #76,020
  • Sep 30, 2010 4:44am Sep 30, 2010 4:44am
eu trade seeing some worthwhile profits, I guess its time to post a chart hey? I took the trade on a 1hour buob yesterday, I had further motivation as the previous day formed a buob on the daily chart, trade was taken of a round number as well as a flip/ppz level, the yellow lines on the chart is placed on round numbers.. target is 1.3690, just short of the next ppz and next round number. This trade has been stalling longer than what I am used to trading 1hour charts, but as the reason I took the trade has stayed valid I have stuck with it. Not out of the woods yet though.
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Thank you j16!
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