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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

  • #88,801
  • Feb 12, 2011 2:45am Feb 12, 2011 2:45am
Quoting Pinbar
I am not sure which one You or Jarroo is actually J16, now.

Guess we will just have to wait for the big guy to confess. LoL
This troubles me.

I am not even close to being in the same league as Jarroo or Mike or James16.

I need to stop being a smart a$$. The Uni restarting should help...

g.
I believe . . .
  • #88,802
  • Feb 12, 2011 2:49am Feb 12, 2011 2:49am
Quoting ghous
This troubles me.

I am not even close to being in the same league as Jarroo or Mike or James16.

I need to stop being a smart a$$. The Uni restarting should help...

g.
That's exactly what the big guy would say if you were he. LOL

Only joking Ghous.

Don't sell yourself short my friend.
  • #88,803
  • Feb 12, 2011 2:50am Feb 12, 2011 2:50am
Quoting aserbfx
a very nice breakout >40 usd. has potential for further upmoves.
long per buy stop since 40.01 usd; 1/3 off and stop moved to break even.
fantastic trade on disney. good news supported the upmove. took another 1/3 off yesterday. could easily run to 50 usd.
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meine augen sind die sterne
  • #88,804
  • Feb 12, 2011 2:51am Feb 12, 2011 2:51am
Hey Ghous, I just thought.

The Acid test, why don't you tell me the pair you will use in the Blockbuster and I will make a video about it before you post it.
If you also give me a start and finish time period, and state the TF that may help.


Then, I can see just how wrong I am.

This will also give you more time as you are obviously busy.
  • #88,805
  • Feb 12, 2011 2:53am Feb 12, 2011 2:53am
one more possible breakout to come...
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meine augen sind die sterne
  • #88,806
  • Feb 12, 2011 2:57am Feb 12, 2011 2:57am
Quoting Pinbar
Hey Ghous, I just thought.

The Acid test, why don't you tell me the pair you will use in the Blockbuster and I will make a video about it before you post it.
If you also give me a start and finish time period, and state the TF that may help.


Then, I can see just how wrong I am.

This will also give you more time as you are obviously busy.
You just did a video on it Steve, I used the GBP/CAD daily, but its more of a rant than a true bar to bar analysis.

g.
I believe . . .
  • #88,807
  • Feb 12, 2011 2:59am Feb 12, 2011 2:59am
Quoting ghous
You just did a video on it Steve, I used the GBP/CAD daily, but its more of a rant than a true bar to bar analysis.

g.
Oh ok...I was hoping you would give one I could get my teethe into.
Maybe, you can throw me a pair you consider a hard one? Please!

Ok, I will do one on EUR/GBP
  • #88,808
  • Feb 12, 2011 3:08am Feb 12, 2011 3:08am
Quoting ghous
You just did a video on it Steve, I used the GBP/CAD daily, but its more of a rant than a true bar to bar analysis.

g.
Inserted Video


g.
I believe . . .
  • #88,809
  • Feb 12, 2011 3:16am Feb 12, 2011 3:16am
Great video Ghous.....!

It clarifies the video from the other day as, I was just about to start working on singe bar analysis and I noticed that is not what you meant.

Also, you mentioned the wicks that stick out, I am starting to notice the importance of these more.

Many, many thanks Ghous, especially as you are pushed for time.

I shall now do a blockbuster reply on EUR/GBP.
  • #88,810
  • Feb 12, 2011 3:28am Feb 12, 2011 3:28am
Quoting ghous
http://www.youtube.com/watch?v=B3PI09mR3Hg

g.

thanks for taking the time to make this!
meine augen sind die sterne
  • #88,811
  • Feb 12, 2011 4:05am Feb 12, 2011 4:05am
Quoting ghous
http://www.youtube.com/watch?v=B3PI09mR3Hg

g.
Excellent video Ghous, Cheers

Adrian
  • #88,812
  • Feb 12, 2011 4:39am Feb 12, 2011 4:39am
Thanks so much for the video Ghous.

The way some people see the world is an inspiration
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  • #88,813
  • Feb 12, 2011 4:46am Feb 12, 2011 4:46am
Quoting Ifmyante
Thanks so much for the video Ghous.

The way some people see the world is an inspiration
http://www.youtube.com/watch?v=JJZf3GByNHE
Cool.

Thnx everyone.

g.
I believe . . .
  • #88,814
  • Feb 12, 2011 4:50am Feb 12, 2011 4:50am
Thanks again Ghous.

Think I found a few of the problem wicks on this EG chart.

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  • #88,815
  • Feb 12, 2011 5:11am Feb 12, 2011 5:11am
Quoting Pinbar
Thanks again Ghous.

Think I found a few of the problem wicks on this EG chart.

http://www.youtube.com/watch?v=fiTzS3hkeV4
Great video Pinbar!

Here's a chart with some amazing PA on it.

Ranging markets delineate PA in the best way possible, no doubt they can be trading heavens if you know what you're doing.

Notice all the reactions based of just simple prior bar highs and lows. Some of these will extend far to the left side and some won't. The idea is to still be weary of them and include them in your "areas to watch out for"

g.
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I believe . . .
  • #88,816
  • Feb 12, 2011 5:32am Feb 12, 2011 5:32am
Quoting ghous
Great video Pinbar!

Here's a chart with some amazing PA on it.

Ranging markets delineate PA in the best way possible, no doubt they can be trading heavens if you know what you're doing.

Notice all the reactions based of just simple prior bar highs and lows. Some of these will extend far to the left side and some won't. The idea is to still be weary of them and include them in your "areas to watch out for"

g.

Thanks Ghous...I am trying.

Yes, this helps me understand how the big guy can trade that zoomed in as he does, using the nearby bars as targets or S&R.

Very interesting chart....Many thanks

After all your kind assistance, I think I can now look the notes and recreated charts of the big guy in a slightly different light.

EDIT: These areas show us targets & also show us, nice areas to tuck our SL behind.
  • #88,817
  • Feb 12, 2011 7:43am Feb 12, 2011 7:43am
Wow! I go to sleep for a few hours and way behind on thread already.

Ghous, Sir, if you could be so kind to disect this for me or just keep it simple. But this one is buggin' me.

What I see:

Daily IPB @ R ppz @ 50 fib with Div with room to move down (appox. 35 pips)

But Wkly appears strong trend up---I don't know if you take this into account or just stick with the specific time frame, i.e. daily.

And, if we look at the 4H price broke twice above the PPZ 1.56 and failed to go higher. Yet, the last bar retraced down and I don't know if this was friday profit taking or this is just a strong level. Also, notice that the last 4h bar retraced the prior 4h BUOB it appears like it is gaining support to go higher.

What I am saying is that I am having difficulty with the plot of this story and need help. Also, I realize this is on a weekend so Sunday may change the view. Would you say this also? I will be interested to see what happens and if this pair gaps.

Please send the "cliff notes". Cliff notes for those who don't understand are a snyopsis of a book/novel that I had to read in high school if I didn't have the time to read the book. I may be showing my age here. I don't know if they still are produced.

If anyone else would like to comment, then please do so.

Thanks,
Bill
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  • #88,818
  • Feb 12, 2011 8:37am Feb 12, 2011 8:37am
Quoting Atc
Wow! I go to sleep for a few hours and way behind on thread already.

Ghous, Sir, if you could be so kind to disect this for me or just keep it simple. But this one is buggin' me.

What I see:

Daily IPB @ R ppz @ 50 fib with Div with room to move down (appox. 35 pips)

But Wkly appears strong trend up---I don't know if you take this into account or just stick with the specific time frame, i.e. daily.

And, if we look at the 4H price broke twice above the PPZ 1.56 and failed to go higher. Yet, the last bar retraced down and I don't know if...
Hey Bill,

One thing to keep in mind when trading IPBs is that to start off with IPBs are pin bars. So for an IPB to qualify as a trad it must pass the test of being a good pin bar by virtue of its shape (length of the nose, overall size etc)

The best way to do it is to (in your mind) just flip the bar over and ask yourself if you would have traded the bar had it been a regular pin bar. I have done it literally for you in the first chart to give you an idea.

Clearly this is a very small bar compared to the up move and you don't even need the weekly to tell you that. Just look at some of the BUBs and BUOBs that mark this uptrend. Consider the bar right next to the IPB itself.

Talking about the story (chart 2) I like IPBs to talk about reversals, or major trend resumptions event ough I don't ride the whole of the actual move. I don't look to trade them as minor pull backs and periods of consolidations. Notice how the up trend developed. Price broke through a resistance area and pulled back to it and tested it as support before it continued on its way up. The bar you are referring to as an IPB could well just be the bar that is serving the "double check if the door is locked" purpose of price retesting the prior bar highs that were initially holding as resistance.

Just my thoughts.

g.
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I believe . . .
  • #88,819
  • Feb 12, 2011 8:39am Feb 12, 2011 8:39am
Quoting ghous
http://www.youtube.com/watch?v=B3PI09mR3Hg

g.
OHH Great video yaar..
nice one..thats helps to recollect things to wat i hav learnt..
yup these thorny wicks are important..they can poke us sometimes while trading lol
  • #88,820
  • Feb 12, 2011 8:54am Feb 12, 2011 8:54am
Quoting ghous
http://www.youtube.com/watch?v=B3PI09mR3Hg

g.
Once again, fantastic vid Ghous!

You brought out the topic of wicks and there importance. Although, it has been discussed in James16 and Mikes vids, the emphasis you placed on them in my view is of needs to be exagerated. Further, in my view, although it may not be correct, that the wicks at the big round numbers or round numbers or first touch back at ppz's with BRN's are crucial.

Some of my thoughts, at these spots (Rn's Brn's, ppz's) where price returns are where the supply/demand exist or where there are lots of orders sitting, i.e. lots of buys and sells. These first touches are why primarily where we get the price action to take a first touch and be a successful trade. Have you ever noticed that you have your order set for a first touch and it doesn't execute because there are a bundle of orders just prior to it and you end up seeing a nice trade never getting filled and you say, "jeez I just missed that one."

Another thought, the wicks form at a PPz or BRn or Rn and get rejected several times showing the strength or order flow.

Lastly, is it possible, and I am sure by far I am not the first to mention this...... is that the Banks, big players, or the man behind the curtain want to go just past the PPZ, Rn, or PPZ to clear the orders/shakeout the weak/or bluff or run stops often by 20 pips above or below these areas to collect the orders/make money and go in the opposite direction. And this gives us our wicks?

Just some thoughts? All comments welcomed.

Will the real James16 appear within us all? I hope someday!

To all.... a votre sante!

Bill
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