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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

  • #83,721
  • Dec 25, 2010 3:17am Dec 25, 2010 3:17am
cad/chf weekly.
pinbar + 0.9500 rn + retraced from previous low +61.8% fib.
fta quite near at 0.9700. good mm recommended.
any suggestions appreciated.
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meine augen sind die sterne
  • #83,722
  • Dec 25, 2010 4:09am Dec 25, 2010 4:09am
news from china：http://www.pbc.gov.cn/publish/gouton...51872769_.html

chia has escalated deposit rate again. 1 hour ago .
A chart helps those who can read it.
  • #83,723
  • Dec 25, 2010 4:18am Dec 25, 2010 4:18am
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
This thread changes nothing about the way the world just is. You're probably right about most around my part of the world. Like I have mentioned before, it is no miracle that I try to be different. Its hard work that guys like you have put forward in making me what I am today.

I owe a lot - (A strong understatement) to you guys, and the thread. Learning to trade is a teeny tiny bit what I've got from this thread. Not the first time I said this either.

have a great Xmas and 2011 Jim (and the others).

g.
I believe . . .
  • #83,724
  • Dec 25, 2010 7:46am Dec 25, 2010 7:46am
Quoting Pinbar
Right Ghous it is them...LoL
You nailed it well enough pin bar.

What you explained in that flurry of posts is practically all there is to it. All we do is combine a pair of slower MAs with faster MAs and notice the reactions off them when price touches them either for the first time after crossing them, or when it pulls towards them after some time.

An important thing to note is that like the j16 style of trading the BASE is also more a method than a system. The rules are not set in stone. You could use a variety of longer term and shorter term MAs. You could touch trade off them (if your from the Rac school of thought) or you could treat the method as an additional confluence tool.

For example I have actually gotten rid of the shorter term MAs altogether and use only the 150 and the 365.

Here are a few charts.

g.
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I believe . . .
  • #83,725
  • Dec 25, 2010 9:29am Dec 25, 2010 9:29am
Thanks Ghous

Which is your favorite method the base or the standard James16 method?
  • #83,726
  • Dec 25, 2010 10:28am Dec 25, 2010 10:28am
Thanks for the nice examples Ghous,

Poncho.
" I can read the left side of the chart, the right side's a Bitch!
  • #83,727
  • Dec 25, 2010 2:47pm Dec 25, 2010 2:47pm
Quoting ghous
You nailed it well enough pin bar.

What you explained in that flurry of posts is practically all there is to it. All we do is combine a pair of slower MAs with faster MAs and notice the reactions off them when price touches them either for the first time after crossing them, or when it pulls towards them after some time.

An important thing to note is that like the j16 style of trading the BASE is also more a method than a system. The rules are not set in stone. You could use a variety of longer term and shorter term MAs. You could touch trade...
Great Examples Ghous. Thanks a lot !

0908
  • #83,728
  • Dec 25, 2010 5:06pm Dec 25, 2010 5:06pm
very Merry Xmas to all my friends
  • #83,729
  • Dec 25, 2010 6:26pm Dec 25, 2010 6:26pm
Hi all! and Merry Christmas
New to this thread...actually i'm new to the whole forex stuff. But after looking through this thread i'm very excited to start. Got my demo running using mt4(alpari feed) and i've read through the summary pages and slowing getting through this monstrous thread
Hope you all don't mind but i'll prob be posting potential trades/trades i see/take, i learn better doing and reading so as i get through thread i be implementing things i learns.

Any criticism and advice is welcome and appreciated.

Cherry Post


Here's a breakout trade i'm looking at on the eur/gbp daily. seems to be just bouncing off daily s/r and i'm looking for it to breakout wait for a retracement(playing conservative) then on a good PA signal i'm in. i'll let you all know when i'm in
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  • #83,730
  • Dec 25, 2010 6:49pm Dec 25, 2010 6:49pm
Quoting FxBAR
Hi all! and...

Welcome FXBAR

Sounds like you have got your head screwed on, with that plan.

Good for you.
  • #83,731
  • Dec 25, 2010 6:52pm Dec 25, 2010 6:52pm
Quoting ghous
You nailed it well enough pin bar.

What you explained in that flurry of posts is practically all there is to it. All we do is combine a pair of slower MAs with faster MAs and notice the reactions off them when price touches them either for the first time after crossing them, or when it pulls towards them after some time.

An important thing to note is that like the j16 style of trading the BASE is also more a method than a system. The rules are not set in stone. You could use a variety of longer term and shorter term MAs. You could touch trade...

Yes, Nice setups there Ghous.

I notice you like the IPBs with their backs to the wall also.

When I first saw the base, I thought it was some magic system, these days, I can see it is simply more confluence.
Of course more confluence is a good thing.
  • #83,732
  • Dec 25, 2010 7:50pm Dec 25, 2010 7:50pm
When price is in the outer regions.

Just setting up my PPZ and am wondering what the protocol is when price is at a never before visited, extreme high or low, like in this pic.

Maybe moving to a lower TF to find the fulcrum is a good idea in these cases?
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  • #83,733
  • Dec 25, 2010 8:21pm Dec 25, 2010 8:21pm
Quoting Pinbar
LVG did you ever get that fibo working how you wanted or find the one you were looking for?
You have a pretty good memory. Haha! Nope, could even pay to get one made and I tried 3 different folks. I just manually pull the fibs. Haven't had to much success with it anyways, so no biggie.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #83,734
  • Edited 8:48pm Dec 25, 2010 8:31pm | Edited 8:48pm
Quoting LasVahGoose
You have a pretty good memory. Haha! Nope, could even pay to get one made and I tried 3 different folks. I just manually pull the fibs. Haven't had to much success with it anyways, so no biggie.

Sometimes too good a memory for my own good. LoL
Ah, well. I am sure you are doing more than amazingly well, without it.

Hope you have a great holiday LVG.

Take care
  • #83,735
  • Dec 25, 2010 8:46pm Dec 25, 2010 8:46pm
Mike, is a smart chap indeed.



All the turmoil we put ourselves through, when we could just listen to what our seniors tell us.


I guess, it just doesn't sink in till, it sinks in!
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  • #83,736
  • Dec 25, 2010 9:04pm Dec 25, 2010 9:04pm
I mean, sure we still have these boxes of consolidation areas and internal ppz to work on and the weekly areas of polarization but, it is going to be a lot easier like this.
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  • #83,737
  • Dec 25, 2010 9:30pm Dec 25, 2010 9:30pm
Getting back to the RN method.

After thinking about this and looking at the charts, I am coming to the conclusion that perhaps, this is again another issue with our eyes becoming acustomed to the lines or seeing price first and foremost instead of our eyes immediately going to the lines.

I can't explain this well, but I feel the literally thousands of hours of chart time I have been putting in, is sort of starting to filter through more than previously.

Maybe, it is also the fact that I only looked at charts yesterday for 4 or 5 hours instead of the usual 12-15. A change is a good as a rest as they say.

Let's see how these eyeballs act next week but, I feel like the blinkers are starting to come off.
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  • #83,738
  • Dec 26, 2010 1:50am Dec 26, 2010 1:50am
I am discovering I was incorrect about my thoughts as to what J16 is.

Initially, I thought it was pure price action, then I thought it was a methodology. Today I have arrived at the conclusion it is perhaps a manner of thinking, like a train of thought. It is a way of thinking that makes sense out of the randomness of what we see in the movement of price.

It really is coming home that the market is trending maybe 20% of the time and ranging for the remaining 80% percent of the time.

That used to scare me...I think it good to seek comfort in that ratio.


I think we may see some decent bullish PA on CHF/JPY soon.
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  • #83,739
  • Dec 26, 2010 5:01am Dec 26, 2010 5:01am
Quoting Pinbar
I think we may see some decent bullish PA on CHF/JPY soon.
my friend ,great Discovery.

on my h4 chart, the support zones may be@ 86.00-85.70,and 85.00-84.80.
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A chart helps those who can read it.
  • #83,740
  • Dec 26, 2010 6:04am Dec 26, 2010 6:04am
tesco on weekly. nice breakout. could see 500 p. next week.
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meine augen sind die sterne
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