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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

  • #83,681
  • Dec 24, 2010 9:28am Dec 24, 2010 9:28am
Hi guys!!

I just came in to say Merry Christmas and Happy new Year to all of you!!!

I've been quite distant from FF lately...but I promise I will be here again in 2011!!

And one of the reasons, besides the presence of so many good guys, is that James is back posting regularly, and I think this fact is giving some "new life" to this thread.

Thanks again!!
Market is like a puzzle, YOU have to fit the pieces!!
  • #83,682
  • Dec 24, 2010 9:50am Dec 24, 2010 9:50am
Quoting james16
OK I PROMISED YOU THE CARS.

this bothers me a little because impressing people really aint my gig but if you ever see anyone ask you can say you know.

the red 1970 gto is my real baby. i love the hummer but i feel like "me" in the gto.

its bad to the bone and about to get badder.

it currently turns a 10.85 1/4 mile. 455 under the hood and a 411 rear end. i should have it to low 10,s next year with whats being discussed with my mechanic. you new camaro drivers dont have a prayer.

288 GTO???
A chart helps those who can read it.
  • #83,683
  • Dec 24, 2010 10:04am Dec 24, 2010 10:04am
Quoting torontobboy2
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...
Glad to hear you are finally seeing some success toronto. All I can say is stay away from negativity. In everything you do in life.

I shouldn't but I clicked on the t2w link and as always I felt sadness and how much people don't really care or want to learn anything. self-absorption at its finest. Calling this the pinbar method also made me laugh so that was good. "i'll code up to test these pinbars". If one goes and reads more then 3 pages here you realize there is a lot to what we do. It's a wonder why most won't make a dime at this. People can bash us all day long but 5500+ pgs 5+ years and a fully active PF and were still going strong. Wonder why? It's like Oil and water, and you need to be able to separate yourself and focus on YOU. We can only have control of ourselves.

PS these are not directed at anyone, I stopped reading those a long time ago but I clicked one of them. Like always we'll go back to posting charts, helping new traders and making this a place where people enjoy



Best
Mike
  • #83,684
  • Dec 24, 2010 10:05am Dec 24, 2010 10:05am
Merry Xmas to those that celebrate!


  • #83,685
  • Dec 24, 2010 10:50am Dec 24, 2010 10:50am
Quoting mbqb11
Merry Xmas to those that celebrate!



what is t2w?
  • #83,686
  • Dec 24, 2010 11:09am Dec 24, 2010 11:09am
Quoting torontobboy2
what is t2w?
was one of the links you posted, I clicked it foolishly lol


Best
Mike
  • #83,687
  • Dec 24, 2010 11:14am Dec 24, 2010 11:14am
Quoting Pinbar
Here is an example of a short entry off of the 6 EMA.
Looking at a past chart, it seems very logical. The problem I have encountered when trading this real time in the past is that because the EMA is applied to the close, the fast ema (like the 6) jumps around quite a bit, and price can touch the EMA one tick, then not touch it the next tick (in your example, the 6EMA short entry). After the close of the bar, the entry can be quite late. How do you overcome this? And how much real time trading have you done with this?

To me, I love the simplicity of price and S/R and adding these EMAs confuses my feeble brain!
  • #83,688
  • Dec 24, 2010 12:19pm Dec 24, 2010 12:19pm
Hi Guys,
We celebrate Xmas today so Merry Xmas all of you.Thanks for another great year with you,your posts,charts etc.I wish to you good health in next year and see all soon.

FX
  • #83,689
  • Dec 24, 2010 1:05pm Dec 24, 2010 1:05pm
Wish you all guys a Merry Christmas, hope you have a great holidays with your family and friends.

Os.
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Trade Smart
  • #83,690
  • Dec 24, 2010 1:26pm Dec 24, 2010 1:26pm
Merry Chistmas, Winter Solstice, Saturnalia or religious winter festival of your choice.

Happy holidays gents. Please enjoy the light show, compliments of Mr. Paul Tudor Jones.

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Price is beautiful. A repetitive method is a competitive method.
  • #83,691
  • Dec 24, 2010 4:37pm Dec 24, 2010 4:37pm
Merry Christmas from South Germany to all of you guys.

Thank you James and all members here helping us the right way to trade. Without you i would still buy and search for the holy grail.

Now this was the Christmas dinner for me and my family.
The first pic are roasted almonds very delicious and very easy to make in 10 till 15 minutes. If anyone needs the recipe PM me ;-)
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  • #83,692
  • Dec 24, 2010 5:16pm Dec 24, 2010 5:16pm
Merry Christmas to all of you

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  • #83,693
  • Dec 24, 2010 6:14pm Dec 24, 2010 6:14pm
Quoting cprao
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 ?

The 6-25-50-365-150 is good for Daily, H4, & H1 I have even heard SL mention it will work on any TF even M5. Not that I recommending anyone trade M5, or even trade these systems at all, until they have DEMOED them and feel comfortable with it. It is not the holy grail, how you use it is the holy grail.
This is not an MA crossover system at all, the EMAs are used as confluence with PA at S&R areas, just as the regular J16 system is.
  • #83,694
  • Dec 24, 2010 6:18pm Dec 24, 2010 6:18pm
Merry Christmas to all you guys !!!
Extra special wishes to James....totally changed my trading, can't thank you enough.....
  • #83,695
  • Edited 6:57pm Dec 24, 2010 6:37pm | Edited 6:57pm
Quoting JoshDance
Looking at a past chart, it seems very logical....

That is why, we wait for the EMAs to cross above or below the 365 or 150 before entering. Very often price will break the 365 or 150 and then linger around waiting for the 6-25-50 to catch up.

This is meant to be a short introduction not a tutorial on the base systems.
I have done little real time trading with these systems as PA is first and foremost in my mind. In fact, I mentioned earlier that previously, like yourself these EMAs on the chart just confused me and it looked like a random walk by the EMAs. Now, it does not look like a random walk to me anymore. If anyone is confused by these systems, I suggest you continue with whatever it is you were doing previously.

It may be better to end this here and if any of the seniors such as Jarro, Ghous or if Seeking Light ever comes into this thread again and posted a few examples, that would be GREAT!
Like I said, it is just an introduction and I myself would like to learn about this more in depth.
  • #83,696
  • Dec 24, 2010 7:10pm Dec 24, 2010 7:10pm
Quoting Pinbar
The 6-25-50-365-150 is good for Daily, H4, & H1 I have even heard SL mention it will work on any TF even M5. Not that I recommending anyone trade M5, or even trade these systems at all, until they have DEMOED them and feel comfortable with it. It is not the holy grail, how you use it is the holy grail.
This is not an MA crossover system at all, the EMAs are used as confluence with PA at S&R areas, just as the regular J16 system is.
Thank you PB.
  • #83,697
  • Dec 24, 2010 7:38pm Dec 24, 2010 7:38pm
does not look like one can open a demo account with tradestation???
  • #83,698
  • Dec 24, 2010 7:55pm Dec 24, 2010 7:55pm
Quoting torontobboy2
does not look like one can open a demo account with tradestation???

You can, I used one recently.

Hang on, I will try to remember which broker I used.

EDIT: FXCM is where I used the demo trading station platform.
http://www.fxcm.com/
  • #83,699
  • Dec 24, 2010 8:03pm Dec 24, 2010 8:03pm
Quoting Pinbar
You can, I used one recently.

Hang on, I will try to remember which broker I used.

EDIT: FXCM is where I used the demo trading station platform.
http://www.fxcm.com/
not sure if we are talking about the same thing
i was refering to http://www.tradestation.com/default_2.shtm
i have a demo with fxcm, but their spread is too high
when the news comes their spreads have gone as high as 27 pips
  • #83,700
  • Dec 24, 2010 8:10pm Dec 24, 2010 8:10pm
Quoting torontobboy2
not sure if we are talking about the same thing
i was refering to http://www.tradestation.com/default_2.shtm
i have a demo with fxcm, but their spread is too high
when the news comes their spreads have gone as high as 27 pips

Right it is not trading station.


Yeah, FXCM is not good for low spreads.

What is wrong with MT4, you just don't like it?
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