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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

  • #76,281
  • Oct 3, 2010 6:08pm Oct 3, 2010 6:08pm
Quoting Walsanshu
New follower of this thread. Can someone tell where I can find Jim's videos? Tks.
Check out the guest section @ http://james16group.us/

That's a start
  • #76,282
  • Oct 3, 2010 6:13pm Oct 3, 2010 6:13pm
Looks like aud/cad is consolidating between .9900 and 1.0000. Would be nice to see if price breaks above 1.00.
  • #76,283
  • Oct 3, 2010 6:43pm Oct 3, 2010 6:43pm
Quoting danielga
enough to go short?
....
5)middle line fork
Hello danielga,
if i remember correctly, the midline of an AP (Andrew's Pitchfork) is not always respected to the pip.

also,
- herein this thread, we look for PA setups as confirmations to trade off of.
-IMHO, uptrend is still intact.

just my view
  • #76,284
  • Oct 3, 2010 6:59pm Oct 3, 2010 6:59pm
Quoting supremeChaos
Hello danielga,
if i remember correctly, the midline of an AP (Andrew's Pitchfork) is not always respected to the pip.

also,
- herein this thread, we look for PA setups as confirmations to trade off of.
-IMHO, uptrend is still intact.

just my view

A quick look at the weekly, supports SC's theory.
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  • #76,285
  • Oct 3, 2010 7:18pm Oct 3, 2010 7:18pm
Quoting Pinbar
A quick look at the weekly, supports SC's theory.
it's not a theory,it's a FACT!

just kidding guys/gals, dont take me seriously.
its only past 8am here & im posting while im still
  • #76,286
  • Oct 3, 2010 8:25pm Oct 3, 2010 8:25pm
Quoting danielga
enough to go short?
1)fib at 61
2)fib expand at 138 of previous rally
3)round number
4)resistence
5)middle line fork
Mate, ya need to keep your charts a tad cleaner.
The analysis looks sound, though the entry is a matter of style and preference.

PRINCIPLES are what are taught here by Mike & the rest. METHODS are individual and a reflection of your personality. That one, you gotta make your own.

Price action on your TF isn't saying anything just yet though. Unless you're willing to in on a pure level(s) play... but where's your stop and what % will you make if you're right/what will you lose if you're wrong? MM & bet size are part of style/method too... food for thought.

Back to the shadows... =P
One Mind, Any Market
  • #76,287
  • Oct 3, 2010 8:29pm Oct 3, 2010 8:29pm
EUR/CHF may be worth keeping an eye on.

Now, we just sit and wait for PA to show us the way.

Now, it seems to be getting a little easier to see what is going on.
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  • #76,288
  • Oct 3, 2010 9:14pm Oct 3, 2010 9:14pm
Quoting Pinbar
EUR/CHF may be worth keeping an eye on.
..
if bearish PA (if it will exist) cant breach 1.3300 -1.3400 area convincingly, i expect price to reach 1.37 - 1.40

Quote
Now, it seems to be getting a little easier to see what is going on
u mean, as one learns more, things get easier?
i think, most definitely.
  • #76,289
  • Oct 3, 2010 9:16pm Oct 3, 2010 9:16pm
Quoting Pinbar
EUR/CHF may be worth keeping an eye on.

Now, we just sit and wait for PA to show us the way.

Now, it seems to be getting a little easier to see what is going on.
Looks like a perfect touch trade to me!
Cap
  • #76,290
  • Oct 3, 2010 9:22pm Oct 3, 2010 9:22pm
is joel, the big guys & BOJ intervening in Yen again?
  • #76,291
  • Oct 3, 2010 9:33pm Oct 3, 2010 9:33pm
Quoting supremeChaos
is joel, the big guys & BOJ intervening in Yen again?
Word's that it was a big momma buy order and not BOJ
One Mind, Any Market
  • #76,292
  • Oct 3, 2010 9:35pm Oct 3, 2010 9:35pm
Quoting Cyrus
Word's that it was a big momma buy order and not BOJ
big momma buy order?
does it mean it's a gazillion buy order?
better short more Yens..
  • #76,293
  • Oct 3, 2010 9:53pm Oct 3, 2010 9:53pm
Quoting The Captain
Looks like a perfect touch trade to me!


Could be but, I don't do TTs till I get proficient at PA.
  • #76,294
  • Oct 3, 2010 9:57pm Oct 3, 2010 9:57pm
Quoting supremeChaos
if bearish PA (if it will exist) cant breach 1.3300 -1.3400 area convincingly, i expect price to reach 1.37 - 1.40


u mean, as one learns more, things get easier?
i think, most definitely.

Yes, I am leaning towards this breaking above the 61.8 and a retest with possibly some bullish PA.

H4 is starting range in a flag pattern with consecutive higher lows.
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  • #76,295
  • Oct 3, 2010 9:59pm Oct 3, 2010 9:59pm
Anybody looking to go long ? broke the important 115 level which is a BRN and also a major PPZ area. not much traffic till 118 area
  • #76,296
  • Oct 3, 2010 10:23pm Oct 3, 2010 10:23pm
Quoting roundrock
Anybody looking to go long ? broke the important 115 level which is a BRN and also a major PPZ area. not much traffic till 118 area
You might want to rethink that. The J16 method doesn't seem to deal much with trend lines but believe me when I say they are very powerful. Often stronger than horizontal S&R. I play these as touch trades with a very high win ratio.
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Cap
  • #76,297
  • Oct 3, 2010 10:30pm Oct 3, 2010 10:30pm
Eur/Gbp not gpy sorry

aggressive touch off 61.8 and 50 fib against strong uptrend at ppz

sorry if this was pointed out ...busy at work
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  • #76,298
  • Oct 3, 2010 10:33pm Oct 3, 2010 10:33pm
Quoting Atc
aggressive touch off 61.8 and 50 fib against strong uptrend at ppz

sorry if this was pointed out ...busy at work
Well since this is on topic with my previous post: Was it a touch off the 61.8 and 50 fib or was it a touch off this?
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Cap
  • #76,299
  • Oct 3, 2010 10:39pm Oct 3, 2010 10:39pm
This PPZ area seems to like to create DBLHC, DBLHC, BUOB & BEOB on H4.

Something like this would be nice, I don't care which direction it wants to go.
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  • #76,300
  • Oct 3, 2010 10:43pm Oct 3, 2010 10:43pm
Would this still be a playable BUOB? It did break but its off the monthly so it should have more time to develope.
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