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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

  • #80,321
  • Nov 18, 2010 4:43am Nov 18, 2010 4:43am
Quoting geniusztc
gbp has get some supports.if the price go above 1.6000 . isnt it a chance to go long to 1.62.?

We'll have to see where Price closes on the Weekly.
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Indicators show the past. Price Action "Indicates" the future.
  • #80,322
  • Nov 18, 2010 4:47am Nov 18, 2010 4:47am
Quoting jarroo
The .8500 "remark" was to show a strong confluenced level; 50% retracement level (50% ret. is not a Fib) and the 85.00 BRN from the most recent High and Low. This was a good level to watch, if Price got there.

That is not a Daily PB on your chart, its a Daily Inside Bar that looks like a pinbar. And I still can see how your fib levels work in to that . .it may be a chart feed difference.
I see, I really haven't given much thought about IB's, outside bars and PB's are my favourite
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Pipcrawler
  • #80,323
  • Nov 18, 2010 4:49am Nov 18, 2010 4:49am
Quoting xmzhang
I see, I really haven't given much thought about IB's, outside bars and PB's are my favourite

Yes, that's right . .excluding the weekend.
Indicators show the past. Price Action "Indicates" the future.
  • #80,324
  • Nov 18, 2010 4:56am Nov 18, 2010 4:56am
Quoting Pinbar
Yeah Hansolo and I think it is a severe understatement.

Funny, I think I was just about at the point where I was thinking of giving up, when Jarroo first asked me a question about PPZ and PA on the higher TF.

I was spinning my wheels with PPZ and I thought, how can these people possibly draw these PPZ like this, are they all from Harvard or Oxford uni?

It seemed impossible for any human to be able to do this.
Hi Pinbar
Is there a link to the explanations Jarroo gives on PPZ etc that I can study ?
Rgds
Grahame
  • #80,325
  • Nov 18, 2010 4:59am Nov 18, 2010 4:59am
Quoting Pinbar
Yeah Hansolo and I think it is a severe understatement.

Funny, I think I was just about at the point where I was thinking of giving up, when Jarroo first asked me a question about PPZ and PA on the higher TF.

I was spinning my wheels with PPZ and I thought, how can these people possibly draw these PPZ like this, are they all from Harvard or Oxford uni?

It seemed impossible for any human to be able to do this.
The disorientation one experiences in the beginning is a really hard thing to go through. I was also thinking about giving up more than once. This thread and the great traders in it kept me from surrender. Last not least it was your dedication, PB, that kept me here. Seeing someone really treating this like a business (+12h/day) with so much willingness to learn and understand is a great inspiration.

Chin up! to everyone out there struggling to understand this stuff: To be overwhelmed and not seeing an end to it is perfectly normal. You're with some of the best traders you can find on the web. Just hang in there and keep learning. Soon the fog will lift.
Thanks J16, Sam Seiden, Udine and Jacko
  • #80,326
  • Nov 18, 2010 5:00am Nov 18, 2010 5:00am
Quoting jarroo
Yes, that's right . .excluding the weekend.
Thanx, that clears up.
Pipcrawler
  • #80,327
  • Nov 18, 2010 5:18am Nov 18, 2010 5:18am
Jarroo

Do you ever plot PPZs in between BRNs or do you always try to align them with BRNs? Eg would you lok to plot a ppz at 15750 or fine tune them at 15500 and 16000?

thanks
PA is where its at!!
  • #80,328
  • Nov 18, 2010 5:20am Nov 18, 2010 5:20am
Quoting Donkey
The good thing is there's a chance we'll get a shot at PA at 1.6000 again at some point. If not there then 1.5500 maybe.


Waiting for a gift
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  • #80,329
  • Nov 18, 2010 5:26am Nov 18, 2010 5:26am
It broke but this is a good example why it´s so hard to be picky imo.. This had a risk, not worth taking. But then it´s works and it can make you think that you´re too picky etc. But this is a maraton like we know.. Hope my trading maraton ends a bit better than my maraton last summer!

Hope you have a good day
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  • #80,330
  • Nov 18, 2010 5:31am Nov 18, 2010 5:31am
Quoting geniusztc
gbp has get some supports.if the price go above 1.6000 . isnt it a chance to go long to 1.62.?
I took the daily IB on this today from 1.6950 up to 1.6990 (closed full position)

Looking forward to seeing how it closes at the end of the week
Anything can happen.
  • #80,331
  • Nov 18, 2010 5:46am Nov 18, 2010 5:46am
Quoting ddinnov
I took the daily IB on this today from 1.6950 up to 1.6990 (closed full position)

Looking forward to seeing how it closes at the end of the week

congratulation!!! but i am not closed my long order . just setup ST,and do not lose pips(lol) .

cheers.

(i am sorry .do you mean 1.5950 1.5990.sorry i am confused )
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A chart helps those who can read it.
  • #80,332
  • Edited 6:14am Nov 18, 2010 5:53am | Edited 6:14am
Hi i have a question for experienced traders regarding time shifting charts.

I have noticed (perhaps it is my imagination) that volatility seems to increase for a few seconds upon the hour (so when the minute hand reaches 12 and we start a new hour). Considering this -

Do you think that this is because most traders are looking at charts with bars that end on the hour so therefore it is sensible to think that a lot of trading decisions take part on the hour?

and -

As an experiment do you think that working from an hourly chart where the bars started and finished at a quarter past the hour would lead to any difference in the quality of PA signals? (Its a given that the location in the overriding factor here). edit - just to add that i am talking about hourly bars here.

Thanks for a great thread.
  • #80,333
  • Nov 18, 2010 6:00am Nov 18, 2010 6:00am
Quoting mbqb11
Where is our man Dan
Oh, another profitable I4B at a BRN

Nice find! I haven't trained my eyes to see these things yet
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  • #80,334
  • Nov 18, 2010 6:01am Nov 18, 2010 6:01am
Quoting grahamec
Hi Pinbar
Is there a link to the explanations Jarroo gives on PPZ etc that I can study ?
Rgds
Grahame
Hi
Yes, Click on the PPZ basics in my signature then you will see the stuff I did on Jarroo's PPZ and link to the post by Jarroo on his PPZ basics, there is also a link to the J16 PF guest area and a PPZ video by the man himself.
  • #80,335
  • Nov 18, 2010 6:07am Nov 18, 2010 6:07am
Quoting HanSolo
The disorientation one experiences in the beginning is a really hard thing to go through. I was also thinking about giving up more than once. This thread and the great traders in it kept me from surrender. Last not least it was your dedication, PB, that kept me here. Seeing someone really treating this like a business (+12h/day) with so much willingness to learn and understand is a great inspiration.

Chin up! to everyone...

Good post HS...Yes, it can seem terribly confusing, then you get something, like grasping something in the dark, and bit by bit, things seem to fit in the puzzle. Still, many more bits to get. I think we just have to make sure that we don't let go of that thing we grasp.
  • #80,336
  • Nov 18, 2010 6:07am Nov 18, 2010 6:07am
Quoting Pinbar
Hi
Yes, Click on the PPZ basics in my signature then you will see the stuff I did on Jarroo's PPZ and link to the post by Jarroo on his PPZ basics, there is also a link to the J16 PF guest area and a PPZ video by the man himself.
Thanks Pinbar
I have done yours and the video in the guest area but for some reason I have missed the link to Jarroo's explanation which I will now study . cheers
  • #80,337
  • Nov 18, 2010 6:19am Nov 18, 2010 6:19am
Quoting geniusztc
congratulation!!! but i am not closed my long order . just setup ST,and do not lose pips(lol) .

cheers.

(i am sorry .do you mean 1.5950 1.5990.sorry i am confused )
Thanks, entry was 1.5950, exit at 1.5990.
Anything can happen.
  • #80,338
  • Nov 18, 2010 6:29am Nov 18, 2010 6:29am
Quoting Atc

OH well ....new opportunity awaits!
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  • #80,339
  • Nov 18, 2010 6:36am Nov 18, 2010 6:36am
Quoting ddinnov
Thanks, entry was 1.5950, exit at 1.5990.

lol. i get more pips . but i just do not know when shoud i closed my order .

sometimes i always forget why i came into the market ,so i am not out when i should .
A chart helps those who can read it.
  • #80,340
  • Nov 18, 2010 6:36am Nov 18, 2010 6:36am
Quoting Atc
OH well ....new opportunity awaits!

Yeah, ATC, it may close tomorrow as nice weekly PB.
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