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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

  • #79,501
  • Nov 8, 2010 3:28am Nov 8, 2010 3:28am
Quoting Pinbar
Yes, this is at the bottom of the lower consolidation box Adi & myself were discussing boxes about yesterday.
yes i saw that, it was a very interesting reading
  • #79,502
  • Nov 8, 2010 3:30am Nov 8, 2010 3:30am
Quoting nasir.khan
See this where risking 1% save our a$$. Cause what we think maybe the best setup could also fail.

Well same pic but with opposite direction.

P.s I was sleeping so i missed out to take a loss on this one.
.
haha same here i think what really save our a$$es is sleeping sleeping is good. i encourage sleeping...
  • #79,503
  • Nov 8, 2010 4:36am Nov 8, 2010 4:36am

Happy Birthday Big Man.



http://wp.appadvice.com/wp-content/u...thday_cake.jpg

Warm Regards
Taz

Thank you for this great thread Jim.
  • #79,504
  • Nov 8, 2010 4:36am Nov 8, 2010 4:36am
Quoting Pinbar
Okidoki Jarroo, I updated the chart with the new one so the old post is good to go. Great stuff.

Jarroo, I have a question about something you mentioned the other day, maybe it was a PM. When you mentioned you like how J16 trades.

How did you mean? Possibly just eyeballing the PA and taking the trades without drawing PPZ as j16 seems to in the videos?

I am really looking forward to hearing this.

Thanks in advance.
I guess I meant to say that I like the way he manages his trades. Which is, I believe, inline with his "This is Critical" way of managing. Also, how Support and Resistance levels (PPZs) play an important role.

I do draw my levels and I'm sure he does too . .I believe he was showing how to spot where PPZs are located and how they standout in his videos.
Indicators show the past. Price Action "Indicates" the future.
  • #79,505
  • Nov 8, 2010 4:38am Nov 8, 2010 4:38am
Quoting 666Doom

Happy Birthday Big Man.




http://wp.appadvice.com/wp-content/u...thday_cake.jpg

Warm Regards
Taz

Thank you for this great thread Jim.

He's birthday already??? Man . .that was a quick year.


Happy B-Day . Jim

The BIG 5-0 . .a half a century . . wow . . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #79,506
  • Nov 8, 2010 4:44am Nov 8, 2010 4:44am
will James16 drop by today?

Happy Birthday Sir.
  • #79,507
  • Nov 8, 2010 4:49am Nov 8, 2010 4:49am
Happy Birthday James
  • #79,508
  • Nov 8, 2010 5:15am Nov 8, 2010 5:15am
Though a long time lurcker and learner.

James has been an inspiration to me personaly, therefore i join other in wishing him a wonderful birthday.
  • #79,509
  • Nov 8, 2010 5:19am Nov 8, 2010 5:19am
Quoting Donkey
It certainly does indicate that it could be passing back through. But the candle just barely closed below the 1.3500 BRN and really right in the middle of the current ppz. in my opinion this one could go either way next week, or conslidate right around the current area. I'll need a little more info next week before trading this one.

I've been studying these outside bars quite a bit since reading jarroo's lessons on how they retrace quite often. You can see some slight retrace on a much more convincing BEOB back in August. If this bar looked more...

Nice chart D. You gotta like PA with the trend and that's a great looking BEOB with the down trend on the Weekly.

I don't know if you saw any of my posts on previous Highs/Lows of Outside bars and how they tend to act as a strong level. The previous bar low of the Weekly BEOB back in Aug,(purple) did offer up some Support . . . . then Price broke through it.

Now, I'm not say we are heading back there for a retrace but its an area that I'm watching.


PS: The Gpb/Jpy did offer a nice little touch trade at the 131.99 even though it was Friday. I don't think we're done with the 132.00 just yet. . .I could be totally wrong, of course.
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Indicators show the past. Price Action "Indicates" the future.
  • #79,510
  • Nov 8, 2010 5:21am Nov 8, 2010 5:21am
Happy birthday, James16.

I just hope that being born in the same day as you means something. (not the same year, though )

Nos
  • #79,511
  • Nov 8, 2010 5:22am Nov 8, 2010 5:22am
Quoting Pinbar
How can we trust them, I mean they are just lines right?

Nope that are not just lines. they are Boxes, boxes and more boxes.


Got over my cold and am at it again. Muhhhaaa Haaaaaa

EDIT: Just talking to myself here.

If we can learn to read the story to ourselves as we make trading decisions based on price action and the story, we can all be traders someday, with enough hard work and patience.

Looking good, Pb.
Indicators show the past. Price Action "Indicates" the future.
  • #79,512
  • Nov 8, 2010 5:25am Nov 8, 2010 5:25am
Happy birthday, Jim. Thanks for this great thread and sharing your wisdom with us.

Hans

EDIT: Happy birthday to you, too, NosferaturMan!
Thanks J16, Sam Seiden, Udine and Jacko
  • #79,513
  • Nov 8, 2010 5:44am Nov 8, 2010 5:44am
Quoting Be Cool
That would be me, Sir.
Thanks for going through great detail explaining PPZ.

I can see the flip on the weekly NZDCHF -but i drew the line at 0.7650 whereas the more experienced guys drew it at 0.7600
After reading your explanation, would i be right to assume that you always round the PPZ level to the nearest BRN-in this case 0.7600? Cos sometimes it's hard to determine the exact level of PPZ. Doesn't the term Zone implies that it may not be exact level of S/R?
Sometimes i'm confused when you and jaroo are talking about break above /below PPZ...
Quoting Pinbar
Here you go.


Note how all those candles can not close above the PPZ then look at the one that closed above it.
Quoting Pinbar
Now we can see how it flipped from resistance to support.

You won't always find PA at these areas but if you do, it will be a good pa setup.

Good work on this, guys. Nice charts,Pb . .really . .very good . .

I chose the .7600 because the levels looked clearer in purple. . .surprising that it wasn't the .7500 BRN . .its a crazy pair.

Be Cool, you are right . . , the .7650 is a PPZ level I just see the .7600 as a stronger level, because of the muliple touches as Resistance it had. You can see today how the .7650 is acting as Resistance. . .

Good job guys.
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Indicators show the past. Price Action "Indicates" the future.
  • #79,514
  • Nov 8, 2010 5:48am Nov 8, 2010 5:48am
Quoting ghous
Pin Bar's bang on target!

Adilius your final TP is a pretty logical one, though of course we can't "bet" on such a long term take profit. I know you didn't which is great!

g.

Wow . .Pin bar . .nice . . .
Indicators show the past. Price Action "Indicates" the future.
  • #79,515
  • Nov 8, 2010 6:05am Nov 8, 2010 6:05am
Happy Birthday James and thanks for creating this amazing thread!

a happy birthday song...
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...and a funny picture
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  • #79,516
  • Nov 8, 2010 6:05am Nov 8, 2010 6:05am
Hurray! The big man is 50
Wishing you long life & prosperity and also the best life has to offer.
Thanks for being there for us all, stay blessed Jim

Pls, feel free to take some pips even though it might not mean much
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Simplicity is the key to success
  • #79,517
  • Edited 6:48am Nov 8, 2010 6:18am | Edited 6:48am
Wishing you a wonderful time on your Birthday.

I am sure you will have an endless stream of friends to celebrate with.

Come on cough it up, what number is this one?

Oh, 50 eh....Don't worry, that is 3 less than me.
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  • #79,518
  • Nov 8, 2010 6:22am Nov 8, 2010 6:22am
Quoting jarroo
Wow . .Pin bar . .nice . . .

Thanks Jarroo, I had a good teacher..YOU!

Things are starting to come together, bit by bit.
  • #79,519
  • Nov 8, 2010 7:01am Nov 8, 2010 7:01am
HAPPY BIRTHDAY JAMES!
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  • #79,520
  • Nov 8, 2010 7:04am Nov 8, 2010 7:04am
Happy birthday to my great friend
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