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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

  • #77,901
  • Oct 20, 2010 4:54am Oct 20, 2010 4:54am
Quoting supremeChaos

crap. what a blazing fast connection. (i remember u are in Japan)
how much is the monthly cost?
what do u need all that speed for?
The max data rate I get here is about 120 Mbps and pm it will cost you about 80 euro's (approx. $ 110)
Pipcrawler
  • #77,902
  • Oct 20, 2010 4:58am Oct 20, 2010 4:58am
Quoting Pinbar
H1 tf on EUR/CAD gives a good hint at what a daily PB is made up of on lower time frames.

It's Jarroo with a beer going to a concert. LoL

Seriously though, notice how it is a H&S pattern.
Wahaha, looks like me
  • #77,903
  • Oct 20, 2010 5:01am Oct 20, 2010 5:01am
Greetings,

I am looking for advice on entries. For example, I spot a DBHLC or DBLHC. What is the appropriate entry method? Would putting a buy/sell limit be best?

Looking forward to hearing input from other trader regarding this matter.

Regards,
MG
o que será, será
  • #77,904
  • Oct 20, 2010 5:04am Oct 20, 2010 5:04am
Quoting Icehocey77
that's a big trend to be fighting against....might be easier this way?
My favourite kind of setup, 4H-PB PA @ daily PPZ/BRN 10000, wait for a pullback to look for an optimal entry, keylevel would be of course the BRN @ 10000 which also coincides with the left eye of the 4H-PB. A touch trade off the strong level @ 10000 would also be a possibility. Nice one

May the force be with you.
Pipcrawler
  • #77,905
  • Oct 20, 2010 5:05am Oct 20, 2010 5:05am
Quoting xmzhang
The max data rate I get here is about 120 Mbps and pm it will cost you about 80 euro's (approx. $ 110)
based on cost of living there, is that expensive?

i believe 1-5Mbps is the max here, i think it costs +/-$100/month. that's expensive (& pretty slow), when compared to rates (& internet speed) in developed countries like yours.
Now u have a reason to feel blessed.
  • #77,906
  • Oct 20, 2010 5:08am Oct 20, 2010 5:08am
Quoting supremeChaos

crap. what a blazing fast connection. (i remember u are in Japan)
how much is the monthly cost?
what do u need all that speed for?
Just over $40 US.
with 3GB home page space.

It is handy when downloading movies and stuff, I get a 4GB movie in like 30 mins or so.

My wife also likes to talk to her sister overseas, via a video session on the computer so that is another reason.

Hey. I was paying the same company $60 US a month for 100 Mbps, now I also get 6 months free for changing. Can't beat that.


No, when you think a coffee here can cost $8 a cup and more, I think it is cheap.
  • #77,907
  • Oct 20, 2010 5:10am Oct 20, 2010 5:10am
Quoting supremeChaos
based on cost of living there, is that expensive?

i believe 1-5Mbps is the max here, i think it costs +/-$100/month. that's expensive (& pretty slow), when compared to rates (& internet speed) in developed countries like yours.
Now u have a reason to feel blessed.
I can sacrifice my internet speed for the amazing view at the ocean from my beach cabin... that is the reality where you live
  • #77,908
  • Oct 20, 2010 5:17am Oct 20, 2010 5:17am
Quoting Adilius07
I can sacrifice my internet speed for the amazing view at the ocean from my beach cabin... that is the reality where you live

I can deal with that for sure.

I would prefer both.
  • #77,909
  • Oct 20, 2010 5:19am Oct 20, 2010 5:19am
Quoting Pinbar
I can deal with that for sure.

I would prefer both.
For both, I guess, we have to move to where James and Mike and others live
  • #77,910
  • Oct 20, 2010 5:21am Oct 20, 2010 5:21am
Quoting supremeChaos
based on cost of living there, is that expensive?

i believe 1-5Mbps is the max here, i think it costs +/-$100/month. that's expensive (& pretty slow), when compared to rates (& internet speed) in developed countries like yours.
Now u have a reason to feel blessed.
Thanx for mentioning your internet speed, I feel much better now
The average gross income here is about 2950 euro pm, so I quess it's not that expensive.
Pipcrawler
  • #77,911
  • Oct 20, 2010 5:24am Oct 20, 2010 5:24am
Quoting xmzhang
Thanx for mentioning your internet speed, I feel much better now
The average gross income here is about 2950 euro pm, so I quess it's not that expensive.
Damn good "average" I should say...
  • #77,912
  • Oct 20, 2010 5:25am Oct 20, 2010 5:25am
Quoting Adilius07
I can sacrifice my internet speed for the amazing view at the ocean from my beach cabin... that is the reality where you live

that would be great.

interesting u said that. there's a fellow trader here, who plans to move here because of that 'view'.
my concern is we are geographically surrounded by water, plus beach areas are usually with slow, average or no internet connection.
im looking for a good place for him to stay in that has the balance of good beach/sea view + good internet connection.
  • #77,913
  • Oct 20, 2010 5:27am Oct 20, 2010 5:27am
Quoting jeffokes
Emmy,
My understanding is that PPZ is a type of S&R. There are other types such as Fib Tool levels, the mathematically calculated floor traders pivots which of course has varieties around depending on the formula used, Trend lines are also a type of s&r as well as channel lines - there could be others. All of them work in one way or the other but imo PPZs constitute the most reliable as they are proven in the past wrt to where price is at a given moment. They are not calculated parse but identified by zooming out of your chat on a given tf. Please...
Big jeff thanks for your replied
what I knew is that to spot the S/R you need to marked where price have difficulties to pass through for sometime.

Does this apply to the PPZ?

much love
If you don't control your emotion it will control you.
  • #77,914
  • Oct 20, 2010 5:30am Oct 20, 2010 5:30am
Quoting supremeChaos

that would be great.

interesting u said that. there's a fellow trader here, who plans to move here because of that 'view'.
my concern is we are geographically surrounded by water, plus beach areas are usually with slow, average or no internet connection.
im looking for a good place for him to stay in that has the balance of good beach/sea view + good internet connection.
Ohh man! I should be that trader, lol! For me no connection would not be a problem at all, I would just take a cab and go to the city every saturday to take a look at my weekly charts!!!

But seriously, that surrounding I think would do only good for a trader... and when he/she is tired of "work" he could go back to the city for a vacation..lol
  • #77,915
  • Oct 20, 2010 5:41am Oct 20, 2010 5:41am
Quoting emmy01
...
what I knew is that to spot the S/R you need to marked where price have difficulties to pass through for sometime.
...Does this apply to the PPZ?
....
basically, yes.

check Pinbar's recent post (first chart) here.
see the PPZ link here.
check james16, mbqb11, jarroo charts.

read the first few hundred pages of this thread, while reading the latest posts to stay updated. it looks daunting, but only during the first few weeks, months.

Quoting Adilius07
Ohh man! I should be that trader, lol! For me no connection would not be a problem at all, I would just take a cab and go to the city every saturday to take a look at my weekly charts!!! http://cdn.forexfactory.com/images/s...m/big_grin.gif
But seriously, that surrounding I think would do only good for a trader... and when he/she is tired of "work" he could go back to the city for a vacation..lol
of course, it refreshes & revitalizes the mind.
the city is usually just a few minutes/hours away.

no need for a cab,just buy/rent a bike or motorcycle.
u can also buy/lease a house, apartment etc near/at the city. (so u have a 'beach' house & 'city' house)
most things are cheap here.
  • #77,916
  • Oct 20, 2010 6:02am Oct 20, 2010 6:02am
Quoting supremeChaos
basically, yes.

check Pinbar's recent post (first chart) here.
see the PPZ link here.
check james16, mbqb11, jarroo charts.

read the first few hundred pages of this thread, while reading the latest posts to stay updated. it looks daunting, but only during the first few weeks, months.


of course, it refreshes & revitalizes the mind.
the city is usually just a few minutes/hours away.

no...
I can speak only english. Could I get around ok?
  • #77,917
  • Oct 20, 2010 6:17am Oct 20, 2010 6:17am
Quoting Adilius07
I can speak only english. Could I get around ok?

Yeah, but you could you stand the heat and humidity, I couldn't.
  • #77,918
  • Oct 20, 2010 6:33am Oct 20, 2010 6:33am
Quoting Pinbar
Yeah, but you could you stand the heat and humidity, I couldn't.
Oh that is one thing to consider too.. Well ok, first things first I need to make my trading right first
  • #77,919
  • Oct 20, 2010 6:44am Oct 20, 2010 6:44am
Quoting Adilius07
Oh that is one thing to consider too.. Well ok, first things first I need to make my trading right first

Yeah, we have got to earn it first.
  • #77,920
  • Oct 20, 2010 6:45am Oct 20, 2010 6:45am
Quoting supremeChaos

that would be great.

interesting u said that. there's a fellow trader here, who plans to move here because of that 'view'.
my concern is we are geographically surrounded by water, plus beach areas are usually with slow, average or no internet connection.
im looking for a good place for him to stay in that has the balance of good beach/sea view + good internet connection.
And SC may I ask that fellow trader trades J16 too?
How is he doing on live account may I ask?
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