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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

  • #92,781
  • Apr 1, 2011 11:21am Apr 1, 2011 11:21am
I got your methodology with trading Imbalances and like it. It is PPZ's what I was asking you about as I frankly still don't understand their clear cut rules. I find myself seeing PPZ's differently than others.
Thanks again,


Imbalances
Quoting Ifmyante
Thanks Teemo,
I've just edited the complete trading methodology into the bottom of my last H4 chart.

As you know, it can be used in every TF.

But finding an area between imbalances on the W1 chart, you will get a very clear sense of where the last major disagreement over price lay.

Entering on the H4 chart, taking profit at each previous H4 imbalance, they're sooooo easy to see - just look left (even reversing position through the RTs- I won't do this) and re-entering on H4 PA from RTs(You know where they are), you can rip up the market...
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #92,782
  • Apr 1, 2011 11:42am Apr 1, 2011 11:42am
Quoting Kalbar
Hey Supremo
Sound advice as always. Have not seen you for a while - how are you and how is your trading going? All well I hope.
Hello Sir Kal,
doing well. i hope u are too.

i've been reading, practicing, trading more.

Quoting teemo
Great Post! I assure you Sam Seiden himself would learn a thing or two about explaining it in such a simple and effective way.
I am a lifetime member of the XLT room with OTA and after hundreds of live sessions with Seiden I feel quite fluent with this concept. Shamefully though I still struggle with plotting PPZ's though I have been following this thread daily since September 2010. If you can share your aha moment or methodology I would be most appreciative.
im not well-versed yet with Sam's teachings... but in my view, the similarities/differences are:
-Seiden's is the micro view, while J16's is the macro view (trees vs forests perspective; micro S/R vs macro S/R)
-Seiden's Supply & demand zones can be a J16 PPZ in itself, or be near/at/within a J16 PPZ,
-Seiden's is specific (very specific areas), while J16's can be specific &/or broad (particularly explains why PPZ is 'price pivot zone')

let me chime in a bit using Sir Ifmyante's charts.

i plotted just a few PPZs (in my view).. see the horizontal blue lines (compare with If's "Seiden lines"
in the 1st chart, i assumed price after the red ellipse has not yet formed
in the 3rd chart, u can see a blue rectangle which denotes it as area with a fairly wide PPZ. in this chart, i assumed price after the blue rectangle has not yet formed (applicable to the blue rectangle only)

note: the horizontal line thickness does not denote order/degree of importance; it only denotes that the PPZ is wide
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Quoting teemo
I got your methodology with trading Imbalances and like it. It is PPZ's what I was asking you about as I frankly still don't understand their clear cut rules. I find myself seeing PPZ's differently than others.
...
PPZs are areas that have held as support/resistance flips many times.
since we all are unique (trading personality) & thus have unique sets of eyes, we will see/prefer differing PPZs.
but in general, we all will see/agree on the major PPZs (may only differ on the exact area/price value... example, u see a PPZ at 1.4020, i see a PPZ at 1.4025, others might see it at 1.4027, 1.4040... etc, but essentially we are all looking at the same area)

hope this helps a bit
  • #92,783
  • Apr 1, 2011 11:42am Apr 1, 2011 11:42am
Quoting teemo
I got your methodology with trading Imbalances and like it. It is PPZ's what I was asking you about as I frankly still don't understand their clear cut rules. I find myself seeing PPZ's differently than others.
Thanks again,


Imbalances
Here's the only advice on PPZs I can give
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  • #92,784
  • Apr 1, 2011 11:47am Apr 1, 2011 11:47am
Thank you so much SC for correlating the two

I thought I'd have to do it myself, but, as happens so often, my hero steps in to help
  • #92,785
  • Apr 1, 2011 11:53am Apr 1, 2011 11:53am
Definitely helpful a always! Thanks to you and Sir Ifmyante!
t



Quoting supremeChaos
Hello Sir Kal,
doing well. i hope u are too.

i've been reading, practicing, trading more.


im not well-versed yet with Sam's teachings... but in my view, the similarities/differences are:
-Seiden's is the micro view, while J16's is the macro view (trees vs forests perspective; micro S/R vs macro S/R)
-Seiden's Supply & demand zones can be a J16 PPZ in itself, or be near/at/within a J16 PPZ,
-Seiden's is specific (very specific areas), while J16's can be specific &/or broad (particularly explains why PPZ is 'price pivot zone')

let...
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #92,786
  • Apr 1, 2011 11:56am Apr 1, 2011 11:56am
Quoting Ifmyante
I thought I'd have to do it myself, but, as happens so often, my hero steps in to help
lol, just sharing my view.
just posting before i , so read my post & view the charts with caution

as to your prior post, good point.
i forgot to mention the use of line chart (based on bar close) & incorporate it in plotting PPZs.
  • #92,787
  • Apr 1, 2011 11:57am Apr 1, 2011 11:57am
Nighnite SC
  • #92,788
  • Apr 1, 2011 1:16pm Apr 1, 2011 1:16pm
Nice Ifmyante
Thanks for the very good informations ;-)

Hope this question isn´t answered already

How can i find these supply and demand levels. Are these only the tops and the bottoms of boxes? And if the price moves away from these levels and retrace back the probability to go back again is very high did i understand that right?

And where can i find more about supply and demand?

john ;-)
  • #92,789
  • Apr 1, 2011 1:22pm Apr 1, 2011 1:22pm
Quoting Ifmyante
Thanks so much Kal.

I've pm'ed out links alot lately!

I really don't think anybody really needs them.
Just do this exercise and post your results. If you don't absolutely and completely understand everything there is to know about trading by the time you've posted your results, let me know, and we can go over it further.

Pick a chart, any chart. Open the weekly
The penny has dropped with respect to support/resistance - price pivot zones whatever it is you want to call them.
You are ascribing these to imbalances in the market. Price goes up when demand exceeds supply and down when the opposite is true. Shifts in the balance of supply and demand.

If you can recognise that these areas are important you are half way to understanding price dynamics.
  • #92,790
  • Apr 1, 2011 1:58pm Apr 1, 2011 1:58pm
Quoting john225
Nice Ifmyante
Thanks for the very good informations ;-)

How can i find these supply and demand levels. Are these only the tops and the bottoms of boxes? And if the price moves away from these levels and retrace back the probability to go back again is very high did i understand that right?

And where can i find more about supply and demand?

john ;-)
Thanks John,

You're absolutely right about where the supply and demand levels start and finish.

This is EXACTLY what the seniors here have been saying for years

It's only now that I've truly realised what they meant.

I just won't be drawing so many lines anymore.

If you're looking for more info on S/D, this is the thread to read.

Or better still, open a chart and just look at it.

Don't try to analyse it. Just look at it. Soon enough you'll SEE it.

It's all there, on every single chart.



If
  • #92,791
  • Apr 1, 2011 2:03pm Apr 1, 2011 2:03pm
Quoting six gun
The penny has dropped with respect to support/resistance - price pivot zones whatever it is you want to call them.
You are ascribing these to imbalances in the market. Price goes up when demand exceeds supply and down when the opposite is true. Shifts in the balance of supply and demand.

If you can recognise that these areas are important you are half way to understanding price dynamics.
Absolutely

Once you see the people in the market, and the decisions they make, you will know exactly where price is going to go. To the next area there was an argument about the value of the asset and a decision on whether it was too high or too low
  • #92,792
  • Apr 1, 2011 2:09pm Apr 1, 2011 2:09pm
Quoting Pinbar
EUR/CHF arriving at an interesting area, if we keep it simple.

Now we just wait for PA to show us where price really wants to go.
Hi PB...hope you are settling in OK in China.

I agree with EURCHF. Here's is how I see it using Jarroo's HCR/LCS concept. I'll be watching the 1.3180-1.3200 very closely next week. Looks lIt is definitely a well-defined ppz. I really like how this pair respects the 150 ema as well. We wait for PA to tell us if price wants to stay in the current consolidation or break out to the upside.

Have a great weekend!
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  • #92,793
  • Apr 1, 2011 2:16pm Apr 1, 2011 2:16pm
Possible PB looks ok-ok to me..story looks good..1.37 strong Weekly PPZ level...
TL,150EMA...but still not convinced...lol
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  • #92,794
  • Edited 3:05pm Apr 1, 2011 2:27pm | Edited 3:05pm
Quoting AvanishDemo
Possible PB looks ok-ok to me..story looks good..1.37 strong Weekly PPZ level...
TL,150EMA...but still not convinced...lol
Yup. Looks fairly clear to 1.39, with a frustration at 1.38.
Although if I had been a bear on the downmove, I would have half expected it to fall to 1.35, where price gapped hard North. (There is a gap, right? Or do I have a bad feed?)
Might just form a box on a box for now

Och! Too many ifs and buts in a messy area. If I was to buy on this it would be on a RT to 1.3645, and probably TFP at 1.3760, depending on how momentum was going. Otherwise, pass.
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  • #92,795
  • Apr 1, 2011 3:42pm Apr 1, 2011 3:42pm
Quoting Panthera
Time to play soon....maybe
Hi Monika,

I wanted to get in on that first pullback, I had my sell limit at 0,9999 and stop loss 10 pips above, missed the entry by a few pips.

pat
  • #92,796
  • Apr 1, 2011 3:47pm Apr 1, 2011 3:47pm
Quoting Donkey
Hi PB...hope you are settling in OK in China.

I agree with EURCHF. Here's is how I see it using Jarroo's HCR/LCS concept. I'll be watching the 1.3180-1.3200 very closely next week. Looks lIt is definitely a well-defined ppz. I really like how this pair respects the 150 ema as well. We wait for PA to tell us if price wants to stay in the current consolidation or break out to the upside.

Have a great weekend!
Hi Donkey! I don't want to show off,but as I said my post(quoting PB) on early morning(europe) the eurchf's move was quite predictable.On weekly chart the price is in sideways market,where the 2WPB pushed the price to the upper limit to sideways.
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Nothing personal,just business
  • #92,797
  • Edited Apr 2, 2011 6:16am Apr 1, 2011 4:53pm | Edited Apr 2, 2011 6:16am
Quoting AvanishDemo
Possible PB looks ok-ok to me..story looks good..1.37 strong Weekly PPZ level...
TL,150EMA...but still not convinced...lol
This not a bad setup imo.

Pro's

The pin bar is well formed with a small body relative to the tail.
The tail is a decent size compared with the preceding trend.

The body is positioned above 1.37.
There is a ppz at this level as you show in your chart.

Drawing fibs there is confluence of three.

My chart image is a bit messy but you can see they all line up quite nicely.

So we have a quintuple confluence

BRN
ppz
Three fibs

Cons
There is not a massive amount of space to the left of the pin.

First target would be the top of the bars around 1.38.

Edit: I must be going cross eyed - this is not a true pin bar, the preceding bar is a doji and the "pin bar's" body is not totally within the extent of the doji. Nevertheless with the amount of confluence sitting beneath this candle's body it is worth keeping an eye on. Even if it is a proxy eye.
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  • #92,798
  • Apr 1, 2011 5:19pm Apr 1, 2011 5:19pm
Quoting Ifmyante
Thanks John,

You're absolutely right about where the supply and demand levels start and finish.

This is EXACTLY what the seniors here have been saying for years

It's only now that I've truly realised what they meant.

I just won't be drawing so many lines anymore.

If you're looking for more info on S/D, this is the thread to read.

Or better still, open a chart and just look at it.

Don't try to analyse it. Just look at it. Soon enough you'll SEE it.

It's all there, on every single chart.



If
Thanks If Very helpful answer from you keep going
  • #92,799
  • Apr 1, 2011 5:24pm Apr 1, 2011 5:24pm
I can't believe I was long on this. More amazingly it was one of my best earners this week!

Shame I didn't know what was going on at the time. I should have reversed where I took profit and see how far this baby will run!

Oh well, next chart
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  • #92,800
  • Apr 1, 2011 5:34pm Apr 1, 2011 5:34pm
Quoting john225
Thanks If Very helpful answer from you keep going
Thanks John.

I'm laughing at myself for studying day and night for so very long, just to see In the end that all the answers are right there on a naked chart.

I've gotta tell you, it's been like the longest hardest journey. I've reached my destination now, elated but shattered.

Sooo glad it's the weekend now

Night all, and have a great weekend


If
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