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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

  • #85,101
  • Jan 10, 2011 3:54am Jan 10, 2011 3:54am
Quoting jarroo
I'm not impressed . .why don't you do something real clever and DELETE THAT and put up a char..
he never deleted it...
so, as usual, clean up report sent

Quoting Pinbar
Nooooooooooooooooooooooo Jim..Just one more post.
Quoting Pinbar
Ah well,,,,,I will be in bed when he gets back and I wanted to congratulate him.
Congratulations Jim!
Man, there must be a lot of happy people around that you have taught over the years Jim! http://cdn.forexfactory.com/images/s...m/thumbsup.gif
would u believe that?
he stopped at 9,999 posts.
VVVVVVVVBRN was on the way
what a coincidence.... lol

Sir Jim
  • #85,102
  • Jan 10, 2011 3:58am Jan 10, 2011 3:58am
Quoting supremeChaos
he never deleted it...
so, as usual, clean up report sent



would u believe that?
he stopped at 9,999 posts.
VVVVVVVVBRN was on the way
what a coincidence.... lol

Sir Jim

Yeah, I always suspected Jim was a closet IPB!
  • #85,103
  • Jan 10, 2011 4:01am Jan 10, 2011 4:01am
Quoting Pinbar
Ah well,,,,,I will be in bed when he gets back and I wanted to congratulate him.



Congratulations Jim!



Man, there must be a lot of happy people around that you have taught over the years Jim!
I for one would just like to second this........this thread would not be nearly the place it is without Sir Jarroo!! 99.99% of Jarroo posts are great PA learning.......look forward to the next 10,000!!

Kal
  • #85,104
  • Jan 10, 2011 4:02am Jan 10, 2011 4:02am
Quoting ghous
This was just an absolute beauty! I stop at this whenever I am scrolling back my charts. EVERY SINGLE TIME. Its just that good.



g.

I thought you might like it and I was sure you had seen it before Ghous.
  • #85,105
  • Jan 10, 2011 4:05am Jan 10, 2011 4:05am
Quoting Kalbar
Jarroo
just wanted to ask what was your critique of the daily PB at the swing low on this pair? Would you have considered this? Good close above the BRN.
Hello Kalbar,
Sir jarroo shied away from 10,000posts, so if i may..

i would've considered it... but most likely on a lower timeframe.
that was a small daily PB, but nice location (extreme swing low + wide space to the left of that downmove). as u can see the PB broke with nice momentum.
also, that PB might have looked much better (&/or different) on another broker.
  • #85,106
  • Jan 10, 2011 4:06am Jan 10, 2011 4:06am
Quoting Pinbar
Ah well,,,,,I will be in bed when he gets back and I wanted to congratulate him.

EDIT: I just cracked a bottle of Bordeaux to celebrate so, I will be in bed when Jim gets back.



Congratulations Jim!



Man, there must be a lot of happy people around that you have taught over the years Jim!
10,000 free gold nuggets! So much for the baseless criticism of the thread's commercial motives

Congrats Jarroo!

g.
I believe . . .
  • #85,107
  • Jan 10, 2011 4:08am Jan 10, 2011 4:08am
Quoting ghous
10,000 free gold nuggets! So much for the baseless criticism of the thread's commercial motives

Congrats Jarroo!

g.

My thoughts entirely.
  • #85,108
  • Jan 10, 2011 4:10am Jan 10, 2011 4:10am
Quoting supremeChaos
would u believe that?
he stopped at 9,999 posts.
VVVVVVVVBRN was on the way
what a coincidence.... lol

Sir Jim
VBRNs often tend to work like 'zones'...we have stops, orders, option protection everything lining up at them.

The bulls look strong though...I normally don't predict waves in the market but this is one market I am betting will shoot to the moon.

g.
I believe . . .
  • #85,109
  • Jan 10, 2011 4:17am Jan 10, 2011 4:17am
Quoting ghous
VBRNs often tend to work like 'zones'...we have stops, orders, option protection everything lining up at them.

The bulls look strong though...I normally don't predict waves in the market but this is one market I am betting will shoot to the moon.

g.

Either that or we will never hear form Jim again!

Oh, you weren't talking about the VBRN Jim split on? LOL
  • #85,110
  • Jan 10, 2011 4:19am Jan 10, 2011 4:19am
Hi all, and happy Monday

I haven't posted on this thread before. I've been absorbing it lately and am now on page 50. Long way to go.

But I thought I'd skip to the last page and see if anybody was still around, and am happy to see it's still busy.

I'd just like to take this opportunity to say hi, and thank Jim, and all of you, his friends, for all the important work that you have done and still appear to be doing.

I've so far been getting to grips with fibs and divergence, and have seen with great clarity into the past (!), how price has turned at fib confluences and Macd divergences. What I could never do was know in real time whether the direction was turning.

Your insights are beginning to change all that, and my trading mentality has changed so much because of it. I may actually get out of the 95% sometime.

Now, back to page 50 I go.

Thanks again,

Michael
  • #85,111
  • Jan 10, 2011 4:23am Jan 10, 2011 4:23am
Hi & welcome Mike.

May you also post 10,000 great posts like our friend Jarroo.


Quoting Ifmyante
Hi all, and happy Monday

I haven't posted on this thread before. I've been absorbing it lately and am now on page 50. Long way to go.

But I thought I'd skip to the last page and see if anybody was still around, and am happy to see it's still busy.

I'd just like to take this opportunity to say hi, and thank Jim, and all of you, his friends, for all the important work that you have done and still appear to be doing.

I've so far been getting to grips with fibs and divergence, and have seen with great clarity into the past (!), how price has...
  • #85,112
  • Jan 10, 2011 4:35am Jan 10, 2011 4:35am
Thanks Pinbar,

you have no idea how glad I am to be here!

10,000 posts! Does he ever get time to trade?

I hope you guys came on the scene in page 51 of the thread, I look forward to reading your journeys.

This thread is just massive! I'd love to find a condensed synopsis which covers it all.

BTW, I've lost so much to lagging indicators, and have vowed never to to use them again as a complete system.

I've heard of the Knife system however, and Jim's early comments about it are intriguing. Just for the sake of interest, did it stand the test of time?

Michael
  • #85,113
  • Jan 10, 2011 4:48am Jan 10, 2011 4:48am
Quoting Ifmyante
Thanks Pinbar,

you have no idea how glad I am to be here!

10,000 posts! Does he ever get time to trade?

I hope you guys came on the scene in page 51 of the thread, I look forward to reading your journeys.

This thread is just massive! I'd love to find a condensed synopsis which covers it all.

BTW, I've lost so much to lagging indicators, and have vowed never to to use them again as a complete system.

I've heard of the Knife system however, and Jim's early comments about it are intriguing. Just for the sake of interest, did it stand the test...


Oh yes, Jim get's time to trade for sure.


Yes, it did and is alive and well in the private forum with people trading it.
It has its own thread there with some interesting indicators to support it.

It is an interesting system.
  • #85,114
  • Jan 10, 2011 4:56am Jan 10, 2011 4:56am
Quoting supremeChaos
Hello Kalbar,
Sir jarroo shied away from 10,000posts, so if i may..

i would've considered it... but most likely on a lower timeframe.
that was a small daily PB, but nice location (extreme swing low + wide space to the left of that downmove). as u can see the PB broke with nice momentum.
also, that PB might have looked much better (&/or different) on another broker.
Hey supremo

Thanks for the heads up - i liked location and it also had a good close above BRN with space so def a decent setup. However I hesitated because I don't now too much about this particular pair!

Kal
  • #85,115
  • Jan 10, 2011 4:57am Jan 10, 2011 4:57am
Quoting jarroo
Hey Be Cool,
This applies to this set up perfectly, although I would like to see the 4 hour PB be a bit more bolder or bigger and a little less traffic.

A false break out may occurr, which would probably be caused from hitting its target(s).
My PPZ is actually at 2.0396 while yours is at 2.0375 which didn't give a chance to move stop to break even. Although on the daily it shows as a false break.Nonetheless, a pending order below 2.0396 would not have been triggered

So generally you would always check the higher TF (daily or weekly?) to see where the bar closes in relation to FTA?
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  • #85,116
  • Jan 10, 2011 5:26am Jan 10, 2011 5:26am
Hi Pinbar, I have heard about the Knife system as well. When you say it is alive in the private forum do you mean to subscribed J16 members?


Quoting Pinbar
Oh yes, Jim get's time to trade for sure.


Yes, it did and is alive and well in the private forum with people trading it.
It has its own thread there with some interesting indicators to support it.

It is an interesting system.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #85,117
  • Edited 5:58am Jan 10, 2011 5:41am | Edited 5:58am
Just a heads up guys, NinjaTrader 7 offers free EOD data for loads of markets and is a very good charting application IMHO. I think the data feed comes from Kinetick. Perfect for trading only daily and up?

http://www.kinetick.com/end-of-day
Kind Regards Chris
  • #85,118
  • Jan 10, 2011 5:44am Jan 10, 2011 5:44am
Quoting teemo
Hi Pinbar, I have heard about the Knife system as well. When you say it is alive in the private forum do you mean to subscribed J16 members?

Yes, that is where I studied it.

This thread is more pure price action and the knife system is more mechanical.
Not that it is completely mechanical but the rules of entry are sort of mechanical with the knife Aphid crossing indicator.

I am more interested in how Jarroo and Seeking light trade, personally.
  • #85,119
  • Jan 10, 2011 6:09am Jan 10, 2011 6:09am
Regarding exits it seems there is a dichotomy over the importance of not taking a loss over losing out on a big move.

I feel that you could end up a break-even trader if you are too quick to take profit of move you stop loss to BE. To me its better to move stops (if at all) at the end of each day based on the price movement using S/R to hide stops and locking in profit on sharp moves, while allowing slower moves to play out.

What are the thoughts on this?
Kind Regards Chris
  • #85,120
  • Jan 10, 2011 6:12am Jan 10, 2011 6:12am
Quoting Pinbar
Yes, that is where I studied it.

This thread is more pure price action and the knife system is more mechanical.
Not that it is completely mechanical but the rules of entry are sort of mechanical with the knife Aphid crossing indicator.

I am more interested in how Jarroo and Seeking light trade, personally.
I also am very interested in how Jarroo trades.......so successfully! He is one of the best....yet the analysis is based on simplicity!!
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