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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

  • #83,781
  • Dec 27, 2010 6:24pm Dec 27, 2010 6:24pm
1.3200 round number....... my friend.... good price flip zone too......
  • #83,782
  • Dec 27, 2010 6:25pm Dec 27, 2010 6:25pm
Quoting 4X=0
1.3200 round number....... my friend.... good price flip zone too......
Does that mean your SL was right behind 1.3300 before that?
  • #83,783
  • Dec 27, 2010 6:29pm Dec 27, 2010 6:29pm
Quoting Adilius07
Does that mean your SL was right behind 1.3300 before that?
no the stop was behind my entry before that.
  • #83,784
  • Dec 27, 2010 6:31pm Dec 27, 2010 6:31pm
Quoting 4X=0
stopped just below 40 for now
broke 40
  • #83,785
  • Dec 27, 2010 6:32pm Dec 27, 2010 6:32pm
Quoting 4X=0
broke 40
i believe this is where james last posted his stop at
  • #83,786
  • Dec 27, 2010 6:33pm Dec 27, 2010 6:33pm
Quoting 4X=0
i believe this is where james last posted his stop at
very proud when i found out james and i were in the same trade, this is excellent, because james is the man and everyone knows it
  • #83,787
  • Edited Dec 28, 2010 4:33am Dec 27, 2010 6:37pm | Edited Dec 28, 2010 4:33am
Took the break of the BUOB. Closing 50% at 109.50 area and moving to BE. (Need just a few more pips as I type)

Edit: 50% at 109.50 and balance closed at BE
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  • #83,788
  • Dec 27, 2010 6:42pm Dec 27, 2010 6:42pm
Quoting slade1986
Took the break of the BUOB. Closing 50% at 109.50 area and moving to BE. (Need just a few more pips as I type)
imo 109.50 is FTA

EDIT: LOL, sorry missed the post my eyes were all on your chart. You already took some off... I was to warn you. Just forget it
  • #83,789
  • Dec 27, 2010 7:00pm Dec 27, 2010 7:00pm
Quoting ghous

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

Yeah, I really hate the MA's but I see so many use these two (of course the man himself use them). Still kind of confused. Why them? I know you will say another confluence. But then why not 200SMA for example? And why EMA not SMA?

This is not me trying to be smart a**. I really just can't understand why. I do not follow them, as when I was reading those first posts by James (where he has a lot of stuff on his screen actually) he said something like "don't bother this is my stuff" something like this, I thought he used it for his intraday trading maybe, for futures or somthing like that... so I really had nothing on my chart as I thought the best would be to focus on PA,Space, structure FTA etc... should I maybe put this two and treat them as S/R?

So my point is, can anyone clarify why 150 and 350 ema? Any particular reason or just a matter of taste maybe?
  • #83,790
  • Dec 27, 2010 7:06pm Dec 27, 2010 7:06pm
Quoting Adilius07
Yeah, I really hate the MA's but I see so many use these two (of course the man himself use them). Still kind of confused. Why them? I know you will say another confluence. But then why not 200SMA for example? And why EMA not SMA?

This is not me trying to be smart a**. I really just can't understand why. I do not follow them, as when I was reading those first posts by James (where he has a lot of stuff on his screen actually) he said something like "don't bother this is my stuff" something like this, I thought he used it for his intraday...
200 SMA or whatever you want all works the same i hear. reason to use teh 150 or the 365 (havent heard about the 350?) are because james has been terading for 200 years and he has said they have proven to him to be reliable when used in the manner he shows.

i like the early futures charts too.
  • #83,791
  • Dec 27, 2010 7:12pm Dec 27, 2010 7:12pm
Quoting Adilius07
ohh scary, that's me 4 years ago trading moving averages
Will absolutely loose in the long run with this...
I know...

http://cdn.forexfactory.com/attachme...1&d=1293190956

You had better tell that to J16 & Seeking light Adi, as this is their Main trading system.
And also, I think you misunderstand this system, it is not an MA crossover system.
  • #83,792
  • Dec 27, 2010 7:15pm Dec 27, 2010 7:15pm
Quoting Pinbar
You had better tell that to J16 & Seeking light Adi, as this is their Main trading system.
And also, I think you misunderstand this system, it is not an MA crossover system.
looks like there was a good long on that swing up too
  • #83,793
  • Dec 27, 2010 7:15pm Dec 27, 2010 7:15pm
Quoting cyborg
Hi Pinbar,

please, could you explain what you mean with Jaroos method?

Thanks a lot!

Chris
If you click the PPZ basics link in my signature, it will take you to a page with a link to Jarroo's method of drawing PPZ. You know, the resistance, breakthrough then either Support or Resistance price flip on the weekly bars.
  • #83,794
  • Dec 27, 2010 7:18pm Dec 27, 2010 7:18pm
Quoting Adilius07
Yeah, I really hate the MA's but I see so many use these two (of course the man himself use them). Still kind of confused. Why them? I know you will say another confluence. But then why not 200SMA for example? And why EMA not SMA?

This is not me trying to be smart a**. I really just can't understand why. I do not follow them, as when I was reading those first posts by James (where he has a lot of stuff on his screen actually) he said something like "don't bother this is my stuff" something like this, I thought he used it for his intraday...

It is used for trailing entries Adi, and is the Big Guys favorite way to trade, I believe.
  • #83,795
  • Dec 27, 2010 7:19pm Dec 27, 2010 7:19pm
Quoting 4X=0
200 SMA or whatever you want all works the same i hear. reason to use teh 150 or the 365 (havent heard about the 350?) are because james has been terading for 200 years and he has said they have proven to him to be reliable when used in the manner he shows.

i like the early futures charts too.
Yes, my bad. This is a typo there. ok thanks
  • #83,796
  • Dec 27, 2010 7:21pm Dec 27, 2010 7:21pm
Quoting Pinbar
You had better tell that to J16 & Seeking light Adi, as this is their Main trading system.
And also, I think you misunderstand this system, it is not an MA crossover system.
Maybe is some kind of prejiduce I have, I just can't look at the chart with so many MA's, hurts deep inside...

EDIT: And why do you say this is J16 main trading system. First time ever I see 6MA here...
  • #83,797
  • Dec 27, 2010 7:22pm Dec 27, 2010 7:22pm
Quoting Pinbar
It is used for trailing entries Adi, and is the Big Guys favorite way to trade, I believe.
What do you mean "trailing entries"? Like additional S/R? - This is how I interpreted it.
  • #83,798
  • Dec 27, 2010 8:04pm Dec 27, 2010 8:04pm
Quoting Adilius07
What do you mean "trailing entries"? Like additional S/R? - This is how I interpreted it.
Nope, I mean, making multiple entries off of price retracing back to the EMA.
  • #83,799
  • Dec 27, 2010 8:05pm Dec 27, 2010 8:05pm
Quoting Adilius07
Yeah, I really hate the MA's but I see so many use these two...
any MA's work, as long as u are comfortable with them & have (extensive) experience with them.
by the way, if u really are not comfortable with MAs, then better stick with it. dont use them. Sir James16 uses it, but it doesnt mean it will necessarily work for u. at least try using it, to see if it works for u or not.

always remember, your trading style/method/system should align with your trading personality & psychology.
  • #83,800
  • Dec 27, 2010 8:12pm Dec 27, 2010 8:12pm
Quoting Adilius07
Yeah, I really hate the MA's but I see so many use these two (of course the man himself use them). Still kind of confused. Why them? I know you will say another confluence. But then why not 200SMA for example? And why EMA not SMA?

This is not me trying to be smart a**. I really just can't understand why. I do not follow them, as when I was reading those first posts by James (where he has a lot of stuff on his screen actually) he said something like "don't bother this is my stuff" something like this, I thought he used it for his intraday...
Probably half a year and year, they are moving pivots and the core of what this system is about. Price breaking through them, then returning and showing us PA. The 6-25-50 or 60 as the big guy uses is an extension of the main two.
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