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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

  • #83,981
  • Dec 29, 2010 5:56am Dec 29, 2010 5:56am
Quoting Adilius07
Cool, thanks
Oh we have a lot of such words in Russian, so I understand a few Russian examples which I can relate to it

Удачливейше Bugger

LOL

I didn't realize you were Russian Adi.

Are you in Russia?

Your English is great man.
  • #83,982
  • Dec 29, 2010 6:00am Dec 29, 2010 6:00am
Quoting Pinbar
Adi, I think J16 can take those trades that are maybe B trades because he knows exactly where they will have trouble. It's really coming home to me that the FTA is as close to the holy grail as it gets.
That is why we have been doing WIPG with so so bars.
I agree that FTA is really powerful thing. However many times it is MUCH closer to entry than initial SL. So one full bar stop will kill 2-3 FTA TP's. So still not Holy Grail. I was thinking of the ways to make my SL smaller (to make RR close to 1:1 or something), but it doesn't look to be advantageous....
  • #83,983
  • Dec 29, 2010 6:01am Dec 29, 2010 6:01am
Quoting Adilius07
I agree that FTA is really powerful thing. However many times it is MUCH closer to entry than initial SL. So one full bar stop will kill 2-3 FTA TP's. So still not Holy Grail. I was thinking of the ways to make my SL smaller (to make RR close to 1:1 or something), but it doesn't look to be advantageous....

That is when you say, forget the bugger.LoL
  • #83,984
  • Dec 29, 2010 6:02am Dec 29, 2010 6:02am
Quoting Adilius07
Thank you Mark. Maybe I need more time and practice. I also had overtrading problems before. Now I don't 9 trades in 5 months is not much really. I was making that per day (and sometimes could be profitable for a few months).

A+ trade is something I need to develop myself. I understand this.
The most difficult thing for me is seeing James examples (for whom I have a great respect - that is true) taking trades that otherwise many many people here would consider Weak trades. That's one huge confusion! I even talked to him about this, he said...
No worries mate, I know spotting the best setups takes lots of chart time and demo is a great place to get good without costing you anything. I agree with pinbar about fta being very important, when I was demoing it's as if I could almost see where price would go next and where it stall, no other way of trading have I had such a feeling.

Of course is good to ask questions shows you are thinking about this, and that's a good sign for a trader IMHO.

Regards

Mark
Economists have forecast 9 out of the last 5 recessions
  • #83,985
  • Dec 29, 2010 6:04am Dec 29, 2010 6:04am
Quoting Pinbar
Удачливейше Bugger

LOL

I didn't realize you were Russian Adi.

Are you in Russia?

Your English is great man.
almost. Those russian words would not be translated I think. (too bad to translate, lol)
I am from one of the USSR republics, but not Russia. We all speak russian too, in fact it's my first language.
Thanks for the compliment. Some 13 years ago I studied in USA for 3 years, so I still have something left Thanks.
  • #83,986
  • Dec 29, 2010 6:12am Dec 29, 2010 6:12am
Hi Adi,

If you´re in the PF ill recommend you to check out Mike´s past trades and the recorded webinars, you really learn why and what he´s looking for to take a trade, different possible FTA depending on the strength of the trend... size of the bar etc...

Based on my experience.. it really helped to know when its a A, B or C setup.

Os.

Quoting Adilius07
Thank you Mark. Maybe I need more time and practice. I also had overtrading problems before. Now I don't 9 trades in 5 months is not much really. I was making that per day (and sometimes could be profitable for a few months).

A+ trade is something I need to develop myself. I understand this.
The most difficult thing for me is seeing James examples (for whom I have a great respect - that is true) taking trades that otherwise many many people here would consider Weak trades. That's one huge confusion! I even talked to him about this, he said that...
Trade Smart
  • #83,987
  • Dec 29, 2010 6:16am Dec 29, 2010 6:16am
Quoting Osman
Hi Adi,

If you´re in the PF ill recommend you to check out Mike´s past trades and the recorded webinars, you really learn why and what he´s looking for to take a trade, different possible FTA depending on the strength of the trend... size of the bar etc...

Based on my experience.. it really helped to know when its a A, B or C setup.

Os.
Thanks Osman, no I still not on the PF. I don't know I got so many charts on my PC (James Charts, Mike's charts) plus all free videos. And I also went through most seniors to download their chart attachments too. And of course those Senior summaries too. I think it is even more than enough to understand what I should be doing. Hard thing is to really implement it.. many things psychology, bad habbits... you know.
Thanks for suggestion though.
  • #83,988
  • Dec 29, 2010 6:35am Dec 29, 2010 6:35am
Quoting Pinbar
Screen video question.

I am using Camstudio and have it cranked down to the lowest frame rate that does not cause screen blur when moving.

However even so, a 5 or 10 min video ends up being like 150 MBs.

How do they make a 15 min video on the PF and get the size down to around 8 Mb?

Any ideas folks?
I battled with this problem quite a bit. Was a real pain the butt for Mike I am sure but I eventually sorted it out

Before recording the video, hit the tools option on your recorder (see first pic). Go to options and make sure you're saving your recorded file as an AVI file and not a camrec file (see second pic). Camrec files are large and even after production the size does not reduce enough.

That said when you produce your video, make sure you're producing it as a windows media file.

An original AVI file used to produce a windows media file takes up the least space

g.
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I believe . . .
  • #83,989
  • Dec 29, 2010 6:39am Dec 29, 2010 6:39am
Quoting ghous
I battled with this problem quite a bit. Was a real pain the butt for Mike I am sure but I eventually sorted it out

Before recording the video, hit the tools option on your recorder (see first pic). Go to options and make sure you're saving your recorded file as an AVI file and not a camrec file (see second pic). Camrec files are large and even after production the size does not reduce enough.

That said when you produce your video, make sure you're producing it as a windows media file.

An original AVI file used to produce a windows media file...

Thanks Ghous, but they are AVI files already.

EDIT: What program is that and is it a free one or a paid version?


Also, I think this is not the same program.
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  • #83,990
  • Dec 29, 2010 6:41am Dec 29, 2010 6:41am
Quoting Pinbar
Thanks Ghous, but they are AVI files already.

EDIT: What program is that and is it a free one or a paid version?


Also, I think this is not the same program.

Oh!

Which program is this, I thought your were talking Camtasia Studio 7



g.
I believe . . .
  • #83,991
  • Dec 29, 2010 6:50am Dec 29, 2010 6:50am
Quoting ghous
Oh!

Which program is this, I thought your were talking Camtasia Studio 7



g.

Yeah, I thought so.

This is Camstudio.

Thanks though...Maybe there is some compression in camtasia.
  • #83,992
  • Dec 29, 2010 7:39am Dec 29, 2010 7:39am
Quoting jarroo
Hey john.

These charts should help. They show the power of a strong PPZ level and how it is important for our PA to close above or below them.

Beside the strong move up (thanks Adilius), we see that the BEOB failed to close below this PPZ level. Notice that once it did close below . .bearish movement happened, although no obvious bearish PA was present. PA formations, even at their proper swing point, are only part of the story . .
Hi Jaroo,

This second chart in your post--in the middle the red bearish bar highlighted in light blue looks like a great opportunity to have gone short, am I right? Price closed through support, retested new resistance, and took off south. Then the next bar when up north through the resistance. This is a case where a good setup should have been taken probabilistically, but failed, correct? Thanks!
  • #83,993
  • Dec 29, 2010 7:44am Dec 29, 2010 7:44am
Quoting ghous
I battled with this problem quite a bit. Was a real pain the butt for Mike I am sure but I eventually sorted it out

Before recording the video, hit the tools option on your recorder (see first pic). Go to options and make sure you're saving your recorded file as an AVI file and not a camrec file (see second pic). Camrec files are large and even after production the size does not reduce enough.

That said when you produce your video, make sure you're producing it as a windows media file.

An original AVI file used to produce a windows media file...
Just bought Camtasia studio 7....will play around with it.
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  • #83,994
  • Dec 29, 2010 7:47am Dec 29, 2010 7:47am
Quoting Oldice
Voted...
No trading for me this week. I'm basking in the glow of my first ever month in positive territory; don't want to f**k it up!
...
heheh

we often f**k up... part of life & trading. the important thing is we get up, dust off & learn all the time.
Congratulations Sir Dave, keep it up!

Quoting Atc
1. Since 1983
2. Never enough for my lifestyle
...
wow Sir Bill,
u've been riding & flying off the dirt.... am not surprised that u've been trading that long

Quoting Adilius07
I agree that FTA is really powerful thing. However many times it is MUCH closer to entry than initial SL. So one full bar stop will kill 2-3 FTA TP's. So still not Holy Grail. I was thinking of the ways to make my SL smaller (to make RR close to 1:1 or something), but it doesn't look to be advantageous....
if u become picky with this type of setup, then it can become your Holy grail.

in most cases, it would be a futile attempt to make SL smaller. your SL should be based on the market condition &/or S/R, not on pip terms.

Quoting markmm
No worries mate...
hey Mark,
glad to see u back.
  • #83,995
  • Dec 29, 2010 7:59am Dec 29, 2010 7:59am
Quoting JoshDance
Hi Jaroo,
This second chart in your post--in the middle the red bearish bar highlighted in light blue looks like a great opportunity to have gone short, am I right? Price closed through support, retested new resistance, and took off south. Then the next bar when up north through the resistance. This is a case where a good setup should have been taken probabilistically, but failed, correct? ..
hello Josh,
if i may...
u must be referring to the BEOB (engulfing 1 tiny bar).
if so, it did NOT fail. because it did not get triggered.

is that a trick question?
  • #83,996
  • Dec 29, 2010 8:12am Dec 29, 2010 8:12am
Quoting Pinbar
Just bought Camtasia studio 7....will play around with it.
Clearly the best of the best out there, if you are willing to spend some money.

g.
I believe . . .
  • #83,997
  • Dec 29, 2010 8:18am Dec 29, 2010 8:18am
Quoting supremeChaos


hey Mark,
glad to see u back.
thanks SC,

Just reading through the onlydragon thread, what a psycho he is. FF has changed so much over the last few years, except this thread is still going strong :-)

Mark
Economists have forecast 9 out of the last 5 recessions
  • #83,998
  • Dec 29, 2010 8:19am Dec 29, 2010 8:19am
Quoting Pinbar
Just bought Camtasia studio 7....will play around with it.
Are we talking about some videos you're going to be making and sharing Pin bar?

g.
I believe . . .
  • #83,999
  • Dec 29, 2010 8:26am Dec 29, 2010 8:26am
Quoting ghous
Are we talking about some videos you're going to be making and sharing Pin bar?

g.
What Pinbar is making videos now.... Awesome PB ....I can't wait.
  • #84,000
  • Dec 29, 2010 8:35am Dec 29, 2010 8:35am
Quoting ghous
Are we talking about some videos you're going to be making and sharing Pin bar?

g.

Yeah, me getting drunk. LoL

Seriously though, I needed something like this for my art work, I am an artist and have most of my stuff on the computer. Recently some people were asking me to make a video of some stuff.

Might make a PPZ video if any new people are stuck and request it.
Phew, me and my big mouth.......I will have Jarroo's, Ghous SC and Mikes sharp on eye it...man, that would be like skating naked. LoL

This sort of thing is what I need it for.
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