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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

  • #701
  • Feb 19, 2006 9:53am Feb 19, 2006 9:53am
HI to all! I veru enjoy your thread, jim. After reading all posts, i venture to arrange some last charts.Its gold, 1H chart, last 2 weeks. Here is it... Please give some comments if i had a mistake.
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  • #702
  • Feb 19, 2006 10:30am Feb 19, 2006 10:30am
Quoting makron
HI to all! I veru enjoy your thread, jim. After reading all posts, i venture to arrange some last charts.Its gold, 1H chart, last 2 weeks. Here is it... Please give some comments if i had a mistake.
Hi Makron

The pin bar you have marked as false, is that because the close did not come back tnto the range of the previous bar?
The rest of the setups look pretty good especially the last one which is on the Fib retrace line.

Jon
  • #703
  • Feb 20, 2006 5:41am Feb 20, 2006 5:41am
Hi Jim

A quick question to you. Have you ever looked into using candlestick patterns? The reason I ask this is that candlestick trading is all about investor sentiment and price action just like you are using now, I know the pin bar is very similar to candle patterns and wondered if any other well known candle patterns had good results.

Thanks


Jon
  • #704
  • Edited 2:42pm Feb 20, 2006 10:39am | Edited 2:42pm
Candle formations and James16's bars are pretty much alike. For example, his pin bar is what caddle-users call hammers. However, always remember that it's not the candle formation what matters, but rather where in the chart and under what circunstances they occur what really make them powerful.
  • #705
  • Feb 20, 2006 1:44pm Feb 20, 2006 1:44pm
Quoting WTB
Candle formations and James16's bars are pretty much alike. For example, his pin bar is what caddle-users call hammers. However, always remember that it's not the candle formation what matters, but rather where in the chart and under what circunstances what really make them powerful.
I think so. candles gives much more false signals. For example in Vegas daily charts, which based on candles, a lot af false signals. May be he can find these, but im not. And james method is more powerfull as i think. May be because a have not enough experience... but it seems to me more easy.

I think jims method can really help in vegas 4hr tunnel.
  • #706
  • Feb 23, 2006 3:28pm Feb 23, 2006 3:28pm
Euro and swiss trades not as explosive as i would have liked, moved stops on the remainder to b/e. Classic cable pin trade off the hourly.
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  • #707
  • Feb 23, 2006 4:27pm Feb 23, 2006 4:27pm
Quoting makron
I think so. candles gives much more false signals.
I am sorry to disagree, but this is not true... (And that is an objective observation, not an opinion)
The candles are just a different representation of the same data.

I agree that some people have an easier time reading candles, others have an easier time reading bars, however it's the same data, and therefore neither one can give other signals than the other...
  • #708
  • Feb 25, 2006 6:07am Feb 25, 2006 6:07am
Quoting vlazaf
Euro and swiss trades not as explosive as i would have liked, moved stops on the remainder to b/e. Classic cable pin trade off the hourly.
Stopped out on the remainder on euro and swissy.
  • #709
  • Feb 25, 2006 6:17am Feb 25, 2006 6:17am
Looking to add to position on monday, currently in at 0.7395 on audusd.
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  • #710
  • Feb 25, 2006 6:24am Feb 25, 2006 6:24am
Contra pin trade on euro
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  • #711
  • Feb 25, 2006 6:55am Feb 25, 2006 6:55am
Weekly pin setup on gbpusd.
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  • #712
  • Feb 28, 2006 11:33pm Feb 28, 2006 11:33pm
Quoting vlazaf
Looking to add to position on monday, currently in at 0.7395 on audusd.
hello v, on your dblhc the close on the second bar needs to be higher than the entire first bar. thanks for your posts. jim
  • #713
  • Feb 28, 2006 11:33pm Feb 28, 2006 11:33pm
Yesterday, 23:51
http://www.forexfactory.com/forexfor...ine=1128147911diallist http://www.forexfactory.com/forexfor...ser_online.gif vbmenu_register("postmenu_44766", true);
James16 Group Instructor
Join Date: Sep 2004
Posts: 1,465


http://www.forexfactory.com/forexfor...cons/icon1.gif PAP Signals now automated.
For anyone who is interested, the Vegas PAP signal automation is complete, and you may sign up inside the private forum.

Dial
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for it is he that giveth thee power to get wealth...
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  • #714
  • Mar 1, 2006 5:02am Mar 1, 2006 5:02am
How long doest it take then for the signals to be forwarded on the PF upon being posted on c2 Jim?
  • #715
  • Mar 1, 2006 11:00am Mar 1, 2006 11:00am
Quoting WTB
How long doest it take then for the signals to be forwarded on the PF upon being posted on c2 Jim?
HEY W, charles is handling this whole thing so i will have him respond. jim
  • #716
  • Mar 1, 2006 1:21pm Mar 1, 2006 1:21pm
Quoting WTB
How long doest it take then for the signals to be forwarded on the PF upon being posted on c2 Jim?
The times during my tests this week varied between 10 and 45 seconds, with the majority (80%) taking less than 20 seconds. The tests included a blend of test signals sent from my personal email account and actual signals sent by Vegas. The time was measured from the time I hit send to the time my cell phone rang. For the Vegas signals, I compared the time stamp on the message to my local clock and found them to always fall within a minute of each other.

The cellphone message contains the actual trade data which looks like this:

6:44 ET BTO 5 EURJPY MKT GTC [18757099]

This means at 6:44 Eastern Time, 5 lots of EURJPY were bought at the market and the order type was Good Til Cancelled. The bracketed number at the end is C2's transaction ID.

Occasionally, Vegas will send an email to his C2 subscribers. This too can be forwarded to PF members email accounts. I haven't set this up yet, but I will. Each subscriber can submit two email addresses to me, so one can be used to receive the trade signal, and the other used to receive Vegas' emails.

If you have further questions or concerns please PM me as I rarely check Jim's thread here.

Thanks for asking WBT!

Dial
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  • #717
  • Mar 2, 2006 4:56pm Mar 2, 2006 4:56pm
Quoting james16
hello v, on your dblhc the close on the second bar needs to be higher than the entire first bar. thanks for your posts. jim
Thanks J, have had some blinders this week.

Will post some setups when i get a moment.
  • #718
  • Mar 3, 2006 3:10am Mar 3, 2006 3:10am
Quoting diallist
The cellphone message contains the actual trade data which looks like this:

6:44 ET BTO 5 EURJPY MKT GTC [18757099]

Dial
Dial, I need to organise an email to SMS service here in Oz. When you send an email with this data, does it appear in the subject line or the body of the email?

Thanks for all your great posts. Just signed up for the PF.
  • #719
  • Mar 3, 2006 3:21pm Mar 3, 2006 3:21pm
How do you subscribe? I had subscibed to the thread and recieved a few message via email, but nothing lately.


Thanks,
Al
  • #720
  • Mar 4, 2006 2:28pm Mar 4, 2006 2:28pm
Quoting garciaal
How do you subscribe? I had subscibed to the thread and recieved a few message via email, but nothing lately.


Thanks,
Al
Sign up here http://www.james16group.com
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