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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

  • #83,661
  • Dec 24, 2010 5:40am Dec 24, 2010 5:40am
Here is an example of a short entry off of the 6 EMA.
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  • #83,662
  • Dec 24, 2010 5:51am Dec 24, 2010 5:51am
Quoting Pinbar
Here is an example of a short entry off of the 6 EMA.
yes, this is good stuff. i like these type of systems.
there are two threads here of ff which go the same way: the choros system and philip nel's 4 hour macd strategy.
meine augen sind die sterne
  • #83,663
  • Dec 24, 2010 5:56am Dec 24, 2010 5:56am
Quoting joelcf
I know this is retarded, but what the hell - it isnt like I am doing anything at work today
Quote
..So, basically, the argument is that he should set up and maintain a forum... for free? I cant speak to jim's motivations, but there are both actual and opportunity costs in what he does. I sure as hell wouldnt be doing it for nothing.
many people find it too good to be true that there are really people who are altruistic.
i firmly believe Sir Jim has transcended into a different plane. we are similar in thoughts, but he is way ahead of me in terms of actions. he's like my future self.
magnanimity & benevolence are excellent traits, in my book.

Quote
Pro tip: the richest guy I know, who makes more money than all of us put together (and whose remuneration is a matter of public record, so there is no doubt about how wealthy he is), drives a Honda.
there is a saying... 'you arent what u drive'

Quoting HanSolo
Jim, Mike, Jarroo, Pinbar, Ghous, joelcf, SeekingLight, SupremeChaos, nasir.khan, and all you other great fellow traders in this thread:
This has been a great year for me.
im ecstatic to hear that!
Glad i was able to help u somehow.

Quoting james16
wow. wow. wow.
.....
everyone dies my good friends but very few really live.
Thats the truth.
.
AMEN

Quote
I LOVE YOU ALL AND WHETHER YOU OBSERVE IT OR NOT.
MERRY CHRISTMAS!!! AND HAPPY NEW YEAR.
HAPPY HOLIDAYS MY ASS
Happy Hol..... err,
merry Christmas & happy new year to all!
  • #83,664
  • Dec 24, 2010 6:01am Dec 24, 2010 6:01am
Quoting james16
you are one of my favorite people in this whole screwed up world dude.
you are living proof that i was wrong about most in your part of the world.
you could probably be my grandson but i look up to you in more ways than you know.
if you ever want to visit this country for a week you let me know and the tab is on me.
we dont have to meet once but i would pay for you to spend a week anywhere you want.
now or 5 years from now. you just say the word.
jim
wow ghous, u are very lucky!
maybe u can drag me along... u can just hid me in your baggage. i only weigh 5kilos, heheh
Let's ride the dirt, with KissFan, towards Sir Jim's house

Quoting aserbfx
uj h4
third touch of the resistance-zone (+fib 38.2).
if 'it' can do it, we all can!

Quoting Greenhaze
Hi Cprao,
Those are stuffed mushrooms. It is pretty quick but a little messy ;]
Stuffing includes mushrooms (DOH!) , cheese , onion , garlic , eggs and ham if you like. First you need to do is to fry mushroom stuffing with onion and garlic and then add it to the rest of ingredients. After that you put all of those into the mushroom heads. Then you need to toss it twice in the egg , breadcrumbs and fry it in the deep oil.
it's so good i can taste it!
  • #83,665
  • Dec 24, 2010 6:07am Dec 24, 2010 6:07am
Quoting Pinbar
Well, it is Xmas Eve and Jim said I can talk about the base systems or system so, let's just talk a bit about the main Base system.

It consists of the regular two SLOW EMAs we already use, the 365 & the 150 and all the EMAs are set to the close of price.

Here is a chart to digest and if anyone is interested, say so and I will explain a basic entry of the base system as kindly taught to me by Seeking Light.

Please remember that like any system, the base system is not infallible and you still need to work out PPZ and occasionally even a base system...
Hi Pinbar
I have to go out for a couple of hours but I would very much like to know more about the base system if you would be kind enough to spend the time.
Rgds
Grahame
  • #83,666
  • Dec 24, 2010 6:10am Dec 24, 2010 6:10am
Here is a long entry..we can see that it kept us in and kept us safe all the way to the BEOB exit signal.
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  • #83,667
  • Dec 24, 2010 6:13am Dec 24, 2010 6:13am
Quoting grahamec
Hi Pinbar
I have to go out for a couple of hours but I would very much like to know more about the base system if you would be kind enough to spend the time.
Rgds
Grahame

Maybe some of the senior members will help out.

I know Mike doesn't trade the base system and he mentioned he really does not know that much about it.

Maybe Ghous or SC do.

I think it is a great system...Just put the EMAs on the chart as explained and watch the charts.
  • #83,668
  • Dec 24, 2010 6:14am Dec 24, 2010 6:14am
Quoting aserbfx
yes, this is good stuff. i like these type of systems.
there are two threads here of ff which go the same way: the choros system and philip nel's 4 hour macd strategy.
agree.
cool stuff, Pinbar.
thanks for the charts!

Quoting Pinbar
Maybe some of the senior members will help out.
I know Mike doesn't trade the base system and he mentioned he really does not know that much about it.
Maybe Ghous or SC do.
I think it is a great system...Just put the EMAs on the chart as explained and watch the charts.
me?
since im not a member of the PF, ghous is in a much better position to give some insight.
  • #83,669
  • Dec 24, 2010 6:24am Dec 24, 2010 6:24am
Quoting aserbfx
yes, this is good stuff. i like these type of systems.
there are two threads here of ff which go the same way: the choros system and philip nel's 4 hour macd strategy.

Yes, I made my very first 4 hour trade with Philip's system it is very good.
It relies a lot on the MACD unlike us in this thread just using it for divergence purposes though.
  • #83,670
  • Dec 24, 2010 6:24am Dec 24, 2010 6:24am
Quoting supremeChaos
agree.
cool stuff, Pinbar.
thanks for the charts!


me?
since im not a member of the PF, ghous is in a much better position to give some insight.

Right Ghous it is them...LoL
  • #83,671
  • Dec 24, 2010 6:34am Dec 24, 2010 6:34am
Here is that GU trade from the other day.
I did not take this on the base system but am using it to manage it.
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  • #83,672
  • Dec 24, 2010 6:58am Dec 24, 2010 6:58am
Quoting Pinbar
Here is an example of a short entry off of the 6 EMA.

hi pinbar,

1. what about using 21 , 55, EMA on a close?
2. Is your EMA based on close?
3. Is James16 using the same EMA as you?
  • #83,673
  • Edited 7:17am Dec 24, 2010 7:05am | Edited 7:17am
Quoting torontobboy2
hi pinbar,

1. what about using 21 , 55, EMA on a close?
2. Is your EMA based on close?
3. Is James16 using the same EMA as you?

These EMAs are as I learned from seeking light.

Jim uses a couple of EMA systems that I have seen, the 10, 25, 60, 365 & 150.

And also a 6 and 150 system.

By the way, I apologize for being so heavy with you a few posts back.

People making claims and not backing them up, annoy the hell out of me.
Still, it is not my job to jump all over people, so it was wrong.

Still, I feel it was untactful to post that bullshit.
No matter what the Big Guy said, it did not please him, I feel.
  • #83,674
  • Dec 24, 2010 7:06am Dec 24, 2010 7:06am
Here is a nice H1 setup.
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Click to Enlarge Name: base 5.gif Size: 283 KB
  • #83,675
  • Dec 24, 2010 7:28am Dec 24, 2010 7:28am
Quoting Pinbar
These EMAs are as I learned from seeking light.

Jim uses a couple of EMA systems that I have seen, the 10, 25, 60, 365 & 150.

And also a 6 and 150 system.

By the way, I apologize for being so heavy with you a few posts back.

People making claims and not backing them up, annoy the hell out of me.
Still, it is not my job to jump all over people, so it was wrong.

Still, I feel it was untactful to post that bullshit.
No matter what the Big Guy said, it did not please him, I feel.

Thats alright pinbar. I actually did make that much of profit but my trades were 20,000 and 10,000 contracts with 1K capital. That, as I learned, was over leveraging. I am thinking of posting my trades here on FF I think this way I can get feedback and improve. Still a whole mountain to climb for me..
  • #83,676
  • Dec 24, 2010 7:32am Dec 24, 2010 7:32am
Quoting torontobboy2
Thats alright pinbar. I actually did make that much of profit but my trades were 20,000 and 10,000 contracts with 1K capital. That, as I learned, was over leveraging. I am thinking of posting my trades here on FF I think this way I can get feedback and improve. Still a whole mountain to climb for me..

Keep at it...

Jim and the people in this thread are sincere people, you have literally found a gold mine of information.
  • #83,677
  • Edited 8:09am Dec 24, 2010 7:56am | Edited 8:09am
Quoting Pinbar
Wow, how much you really like to blow your own trumpet & what is the point of posting this rubbish in this thread, it is all rubbish.
Who do you think cares about how many figures you make, apart from you?


J16 is a stand up guy, he is not a Conn artist, he is the real deal along with the great people in this thread that help people like us for nothing more than a thank you and sometimes not even that.

I am amazed that Joelcf has been so tactful with your posts, must be the Xmas spirit.

Okay, just read this reply from you. My intention was not to say "I make 6 figures". If you read my previous post, you can see I've blown up most of it in the last 2-3 years. I am in more shit than I was before because after blowing up my accounts I took loan from the bank and blew that too. So, if you think I'm here to say that I make 6 figures thats a wrong way of interperting it. The idea was to give thanks to the person who added value to my learning, and using this method I've seen myself profit. Will I continue making profit or not, I dont know that. But I did that in first month of trading live, and was too excited to write here. Also, these are not my own thoughts, this is what I read online and heard from my friends when I told them about James. They came to me with these questions. I'm not posting here for fun but to share my thoughts.

Please read these
http://forums.babypips.com/newbie-is...s16-group.html
http://www.forexjustice.com/Review_S..._16_Group.html
http://www.trade2win.com/boards/gene...ames-16-a.html
http://www.trade2win.com/boards/gene...es-16-a-2.html
http://www.forexpeacearmy.com/public...mes16group.com
http://fxtrade.oanda.com/community/f...;f=15;t=007826
http://reviewpips.com/education/self.../james16-group

I hope this is enough to convince you.
  • #83,678
  • Dec 24, 2010 8:49am Dec 24, 2010 8:49am
Quoting Greenhaze
Hi Cprao,

Those are stuffed mushrooms. It is pretty quick but a little messy ;]
Stuffing includes mushrooms (DOH!) , cheese , onion , garlic , eggs and ham if you like. First you need to do is to fry mushroom stuffing with onion and garlic and then add it to the rest of ingredients. After that you put all of those into the mushroom heads. Then you need to toss it twice in the egg , breadcrumbs and fry it in the deep oil.

Sry for making it a James16 Cook Thread
Well.. Thank you for sharing.. I will try one day.

Merry Christamas.
  • #83,679
  • Dec 24, 2010 8:52am Dec 24, 2010 8:52am
Hey Torontobboy

I think the post you made was good and James did too. It was complimentary to the good work James and the seniors do. I don't know why people are getting so stressed about it. You've done nothing wrong and don't need to convince anybody - I think they just read the first few lines and then couldn't wait to go into attack mode.

Merry Christmas all

Thank you James and all for all your help - the best thread on the net!!
Holy Grail = J16 + F12 x infinity
  • #83,680
  • Dec 24, 2010 9:10am Dec 24, 2010 9:10am
Quoting Pinbar
Here is an example of a short entry off of the 6 EMA.
Great PB.

Can you help me on the following ?

1. What is the recommended TF for this base system ? Daily and above ?

2. How do you determine initial SL ? Above/below 6 EMA ?

3. Does location still matter in this case ? Swing high or swing low ?
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