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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

  • #87,441
  • Jan 31, 2011 3:27am Jan 31, 2011 3:27am
Quoting PhAnTi'
if support doesnt hold we might see drop to bootm TL.

Attachment
It's having trouble deciding what it wants this morning on H4!
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  • #87,442
  • Jan 31, 2011 4:12am Jan 31, 2011 4:12am
Quoting gejordan
Thanks for the welcome. I only traded a couple of pairs because I was so broken. Two years of failure and countless thousands spent, I had to completely change my game. In hindsight, 4 or 5 would probably have been manageable, but I had a mental block because I always traded 4 or 5 prior to J16 and failed. Now I look at quite a few for my daily trading and I realize it wasn't the number of pairs that was my problem.
Hey geo

Great post man! You deserve the success for your persistence and refusal to give up! well done.
  • #87,443
  • Jan 31, 2011 4:31am Jan 31, 2011 4:31am
appreciate the honesty...Im here to learn..not taking any live trades here

Quoting Pinbar
I would be, as price is making the First Time Back to the 365 after price broke through it and the EMA has confluence with the 0.85500 rn & the PPZ.

To be honest, I fail to see any merit in that EUR/GBP setup.
  • #87,444
  • Jan 31, 2011 4:42am Jan 31, 2011 4:42am
Quoting gejordan
I should finally stop lurking about and say thanks. I finished my 3 month "demo" (actually used small live account and lasted for 5 months) last fall, my "half account" period, and am nicely into my full account period.
Thanks again!
Im inspired...its very hard to break the old habbits though..patience is more than a damm virtue
  • #87,445
  • Jan 31, 2011 5:03am Jan 31, 2011 5:03am
Quoting supremeChaos
thanks for the updated abbreviation list, Steve



trade more pairs & look for quality setups..
or trade a few and focus&get to know them intimately?
the answer lies on each one's personality.


& me..


i dont have a live account with an MT4 broker... yet.
i only have ibfx & fxdd demo on this PC. fxdd doesnt have that pair. my ibfx is the standard account type(yours is mini).

i must apologize, this is all i have right now. (IBFX)
Attachment

it might be possible that u are using a different server...

NP. SC...If you have any suggestions for changes to the list, let me know.
Yes, I think the problem was I looking at 25 pairs and the H4 tf.
  • #87,446
  • Jan 31, 2011 5:09am Jan 31, 2011 5:09am
Hi

Question for the seniors here. I run 4 brokers like Mike does to catch the 4hr closes each hour. I'm now trying to run cleaner charts almost totally naked. I've removed the MAs off 2 of the brokers and would like to try and run with just the weekly PPZ pre drawn in. I can eyeball other PPZs either by eye, with the cross hair or draw them in when some nice juicy PA appears.

So the big question is should I draw the PPZs using that brokers feed? Problem is they are all different so my PPZs will be in different places if I use the highs and lows of that feeds weekly bars.

Alternatively should I set up all the PPZs using FX Pro as that is 5 days and NY close and just type exactly the same price onto the lines for each pair on the other brokers.

Im also considering copy the chart data across (*.chr) but I'll end up with MAs and trendline too.

Any comments on this small dilemma greatly appreciated

Wiz
PS Im a member on the private forum for anyone that doesn't reconsise me
  • #87,447
  • Jan 31, 2011 5:16am Jan 31, 2011 5:16am
Quoting Patrick.
Im inspired...its very hard to break the old habbits though..
yes, i know what you are talking about. i know.
you have two possibilities:
1st. change your habbits and become a winner
or
2nd. don't change them and keep losing.

it's that easy.
meine augen sind die sterne
  • #87,448
  • Jan 31, 2011 5:46am Jan 31, 2011 5:46am
Quoting supremeChaos
more of an IB than an IPB.
the location (& size) is unideal for it to be called IPB. (if this candle occurred around 1.60 with the upper wick protruding, i think it could be a potential IPB)

i see this as a 'pause pinbar in mid air'. specially since, we have tons of trouble (potential resistance) above.
i see more upside potential than downside (if 1.5600-50 holds).

just my view
Thanks for the comment SC. So is it not really a IPB unless the upper wick is higher than the previous bar high?
  • #87,449
  • Jan 31, 2011 6:27am Jan 31, 2011 6:27am
Quoting gejordan
Don't mean to slow down the flow of the charts this morning, but I thought I should finally stop lurking about and say thanks. I finished my 3 month "demo" (actually used small live account and lasted for 5 months) last fall, my "half account" period, and am nicely into my full account period.

During demo only traded a couple of pairs but had enormously successful months and this changed the game for me. Had a great 1500 pip move that showed me moves like this can happen to me, 200 pip runners have become the average, and my success rate has...
Awesome Jordan, congrats on your success

That is a nice way to kick of the week for me

Mike
  • #87,450
  • Jan 31, 2011 6:55am Jan 31, 2011 6:55am
Quoting spookie94
...So is it not really a IPB unless the upper wick is higher than the previous bar high?
yes, i think so, it is not.
not a good tradeable one, at least in my view.(re-read the '1.60 scenario' i mentioned in my prior reply)

check out ghous' latest posts about IPBs.
here & here

am not the best person to answer your Q, but hope this helps a bit!
  • #87,451
  • Jan 31, 2011 7:14am Jan 31, 2011 7:14am
Just a thought

This thread has helped me stop listening to Bloomberg and start listening to Mozart, and what a difference it has made
  • #87,452
  • Jan 31, 2011 8:07am Jan 31, 2011 8:07am
Beautiful double top

Beautiful divergence

Obvious target area



g.
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I believe . . .
  • #87,453
  • Jan 31, 2011 8:12am Jan 31, 2011 8:12am
Quoting ghous
Beautiful double top

Beautiful divergence

Obvious target area



g.
"As pretty as a picture"
  • #87,454
  • Jan 31, 2011 8:52am Jan 31, 2011 8:52am
Quoting spookie94
IPB on the GBP/CAD. With the trend but worried FTA a little too close. Any comments?
My comments:

Inserted Video
g.

(Thnx SC)
I believe . . .
  • #87,455
  • Jan 31, 2011 9:18am Jan 31, 2011 9:18am
Quoting gejordan
Don't mean to slow down the flow of the charts this morning, but I thought I should finally stop lurking about and say thanks. I finished my 3 month "demo" (actually used small live account and lasted for 5 months) last fall, my "half account" period, and am nicely into my full account period.

During demo only traded a couple of pairs but had enormously successful months and this changed the game for me. Had a great 1500 pip move that showed me moves like this can happen to me, 200 pip runners have become the average, and my success rate has...
This is awesome. Could you post some of your demo trades? Would love to see how you manage 200 pip averages.
  • #87,456
  • Jan 31, 2011 9:28am Jan 31, 2011 9:28am
Quoting ghous
My comments:

http://www.youtube.com/watch?v=61iMGiZlzfE
g.

(Thnx SC)
Worth many pages of text. Great video Ghous
  • #87,457
  • Jan 31, 2011 9:30am Jan 31, 2011 9:30am
Quoting ghous
My comments:

http://www.youtube.com/watch?v=61iMGiZlzfE

g.

(Thnx SC)
Thank you G and SC for your input on this. All your efforts are greatly appreciated.
  • #87,458
  • Jan 31, 2011 9:54am Jan 31, 2011 9:54am
Quoting wizardblue
Hi
Question for the seniors here. I run 4 brokers like Mike does to catch the 4hr closes each hour. I'm now trying to run cleaner charts almost totally naked. I've removed the MAs off 2 of the brokers and would like to try and run with just the weekly PPZ pre drawn in. I can eyeball other PPZs either by eye, with the cross hair or draw them in when some nice juicy PA appears.
So the big question is should I draw the PPZs using that brokers feed? ...
hello wizardblue,
not sure i understand your Q correctly...

what u can do is plot your PPZs on just 1 broker feed, while being aware that a PPZ is a zone & brokers will have different price feeds(so your PPZs will vary slightly between feeds).
continue checking the 3 feeds, while constantly consulting the broker feed which has your PPZs.

hope this helps a bit
  • #87,459
  • Jan 31, 2011 9:57am Jan 31, 2011 9:57am
Hey aser
Look DT.Telekom worded out nice ;-)
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  • #87,460
  • Jan 31, 2011 10:10am Jan 31, 2011 10:10am
Quoting john225
Hey aser
Look DT.Telekom worded out nice ;-)
yep. this stock is really a "volksaktie". do you remember: manfred krug and the t-aktie...
meine augen sind die sterne
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