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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

  • #89,281
  • Feb 16, 2011 10:46pm Feb 16, 2011 10:46pm
Quoting Patrick.
Try this Swiss Army Knife

http://www.forex-tsd.com/expert-advi...anagement.html
Ok. Thank you. Let me check this EA as well as Oanda setup..

Appreciated your help.
  • #89,282
  • Feb 16, 2011 10:56pm Feb 16, 2011 10:56pm
Quoting 5.25
Thanks for sharing Adilius and for posting PB.. All very relevant and worked beautifully on the video.

Where was this mentioned on the J16 thread originally? I haven't seen or heard of this method before. But I like it!
Hi, I also have not seen it here.
Pinbar said it was from James notes in the PF.
  • #89,283
  • Edited Feb 17, 2011 12:54am Feb 16, 2011 11:30pm | Edited Feb 17, 2011 12:54am
Quoting Adilius07
Hi, I also have not seen it here.
Pinbar said it was from James notes in the PF.

It was actually a video Jim made, which is in the PF which, I obviously at the time. felt was more than worthy of taking extensive notes on.
To my knowledge it has not been mentioned in this thread.
The main point of the video was not the trailing stop but Jim got into it, as he does. He did say, "I will show you how commodity traders will often trail a stop, it is not mentioned often".
But, he showed this on a forex chart.
So, I guess we should not put too much weight into this but simply treat it as another tool in our arsenal.


Here is another video testing out the FTS Fibo Trailing Stop on a randomly chosen chart a PB.
I made a new video because I explain the situation in it more than the previous video which may have been rather ambiguous and confused people.

Inserted Video
  • #89,284
  • Feb 17, 2011 1:11am Feb 17, 2011 1:11am
Quoting Pinbar
I made a new video because I explain the situation in it more than the previous video which may have been rather ambiguous and confused people.

http://www.youtube.com/watch?v=Vz-eTij88Vo
Great video, Pinbar. Thanks for posting.
Gone to a better place
  • #89,285
  • Feb 17, 2011 1:17am Feb 17, 2011 1:17am
which pairs respect price action the most in you guys' opinion?
  • #89,286
  • Feb 17, 2011 1:26am Feb 17, 2011 1:26am
Quoting Pinbar
It was actually a video Jim made, which is in the PF which, I obviously at the time. felt was more than worthy of taking extensive

http://www.youtube.com/watch?v=Vz-eTij88Vo
I do like this PB. A valued strategy I've been questioning. Thanks for posting
  • #89,287
  • Feb 17, 2011 1:33am Feb 17, 2011 1:33am
Quoting DBallerz
which pairs respect price action the most in you guys' opinion?
The most liquid ones, imho
  • #89,288
  • Feb 17, 2011 2:09am Feb 17, 2011 2:09am
An off topic question please. Is there such a thing as Forex radio? (via internet). I know just one Bloomberg Radio, which is ok, but maybe there is something related to FX only? I tried to google and I get so many results which all are really worthless! Thanks in advance!
  • #89,289
  • Feb 17, 2011 2:25am Feb 17, 2011 2:25am
Quoting 5.25
Does this IPB hold much PA relevance, or was this a reaction to some sort of news data? This one really took off!

(Just getting my head round IPB, though not trading).

Edit: It was a late night, I meant to say IB not IPB.
Hey its an IB,which got stopped at the PPZ level..n IB got closed below 0.97..with the information given that it closed below 0.97 we can look for a short here..ya there was FTA in between..0.9650(H4 chart makes it look better to figure out FTA)..well js a newbie...so MHO..uhh...im bad in explaining..Experts will make it better to make u understand..
  • #89,290
  • Feb 17, 2011 2:31am Feb 17, 2011 2:31am
And here is one of the better trades I've taken since being exposed to J16.

I managed the trade off the 4H TF and my entry was also off the 4H. After the IB I moved up to the daily. I've offloaded most but still have a small position,I will let run until it runs out of air.

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  • #89,291
  • Edited 9:04am Feb 17, 2011 2:54am | Edited 9:04am
Quoting ghous
Hey Os,

GJ:

Technically speaking yes that is an Inside Bar but nothing like what I prefer. At a swing high, yes. At a RN, yes. But a pretty awkward shape. Look how the low just bounced off the prior two bar highs. A really small and tight bar right off 135 (Yeah, Dan's I4B) with those two prior bar highs as the FTA would have made things much more interesting.

N/U:

We didn't close like the bar you showed in your chart but yeah if it had closed that way it would have been an IPB. I can see its off the 7500 but I see that 7500 on that...
Cool Stuff..i had the same thinking abt those IBs on those two pairs..so passed it
hey ghous..abt usdchf IB if u would hav traded this would u hav thought to close the trade in between when there was strong upmove or still holded on it?this was confusing to me..if i would hav traded this IB i would hav closed my trade @ 0.9650 when i saw dat strong upmove..this is difficult..n probably would hav hit Break even or SL by moving it @ FTA 0.9650 when off the screen..i think gotta learn mre abt trade management which u posted earlier,this won't go into my head @ first instance
  • #89,292
  • Feb 17, 2011 3:00am Feb 17, 2011 3:00am
Quoting Adilius07
An off topic question please. Is there such a thing as Forex radio? (via internet). I know just one Bloomberg Radio, which is ok, but maybe there is something related to FX only? I tried to google and I get so many results which all are really worthless! Thanks in advance!
Maybe that will help:

http://ransquawk.com
http://www.newsstrike.com
  • #89,293
  • Feb 17, 2011 3:03am Feb 17, 2011 3:03am
Thanks pinbar for the great video about trailing with fibo, i realy like it.
I am sure you will have a great future in trading
  • #89,294
  • Feb 17, 2011 3:18am Feb 17, 2011 3:18am
Quoting Thierry
Thanks pinbar for the great video about trailing with fibo, i realy like it.
I am sure you will have a great future in trading

Glad you liked it folks but, it is the Big Guys tool, just thought people may be interested in it.

I actually like it if, we use it with our knowledge of support & resistance & Rns.
  • #89,295
  • Feb 17, 2011 3:27am Feb 17, 2011 3:27am
Quoting cprao
I can't access your "myfx" page.

When I go live I would like to host MT4 on VPS to avoid running my machine all the time.. However, I still need a reliable EA to manage my trades.
http://www.myfxconsole.com/

Sorry about that....try this one...but computer needs to be running and not interrupted by sleep or hibernate...I don't think there is anyway to get around this.
  • #89,296
  • Feb 17, 2011 3:29am Feb 17, 2011 3:29am
Hey Pinbar

You mentioned that Jim had a video in the PF re: stop placement (based on what commodity traders use).

Could you tell me which video it is please - I am a member of the PF and I thought I had watched all of Jim's vids but can't recall watching that.

Cheers

Mark
Holy Grail = J16 + F12 x infinity
  • #89,297
  • Feb 17, 2011 3:32am Feb 17, 2011 3:32am
I think this is one of the best set ups representing J16 strategy. Off brn 1.55, 50% retrace, and off TL with space at a swing low. 2nd Candle might have been better, but I took the trade on the first one. Opinions?
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  • #89,298
  • Feb 17, 2011 3:34am Feb 17, 2011 3:34am
Quoting ngu
Hey Pinbar

You mentioned that Jim had a video in the PF re: stop placement (based on what commodity traders use).

Could you tell me which video it is please - I am a member of the PF and I thought I had watched all of Jim's vids but can't recall watching that.

Cheers

Mark

Yeah, sure Mark.

It was this video ( 10_pin_bar_tutorial ) & he started with this about half way through.
  • #89,299
  • Feb 17, 2011 3:40am Feb 17, 2011 3:40am
Thanks a lot Pb

Have to pick you brains about Japan someday too - would love to live there at some point - that is part of the reason i'm trying to get good at trading, so i have the freedom to live in Japan.

ありがとうございました。

マーク
Holy Grail = J16 + F12 x infinity
  • #89,300
  • Feb 17, 2011 3:41am Feb 17, 2011 3:41am
Quoting ngu
Hey Pinbar

You mentioned that Jim had a video in the PF re: stop placement (based on what commodity traders use).

Could you tell me which video it is please - I am a member of the PF and I thought I had watched all of Jim's vids but can't recall watching that.

Cheers

Mark
Its in the members home-->J16--> instructional videos--->PinBAr video
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