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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

  • #92,961
  • Apr 5, 2011 10:36am Apr 5, 2011 10:36am
Hey big dan. Here is one for ya.

Quoting dan gilbert
james is back. Thank god.
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  • #92,962
  • Apr 5, 2011 10:48am Apr 5, 2011 10:48am
Quoting james16
Hey big dan. Here is one for ya.
even better, if you catch the train, before it left

posted it yesterday in the auslanco thread, before elvis left the building.

Whats studied here, is pure value, if greed comes second.
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  • #92,963
  • Apr 5, 2011 11:15am Apr 5, 2011 11:15am
Quoting james16
Hey big dan. Here is one for ya.
hi James,

the 365 and 150 moving average you have on your chart are they ema or sma and also are they apply to the close or low?

thanks

ayour2a
  • #92,964
  • Apr 5, 2011 11:24am Apr 5, 2011 11:24am
Thats great peaches.

love the name. reminds me of an old steve miller song.

Quoting peaches
even better, if you catch the train, before it left

posted it yesterday in the auslanco thread, before elvis left the building.

Whats studied here, is pure value, if greed comes second.
  • #92,965
  • Apr 5, 2011 11:26am Apr 5, 2011 11:26am
great chart green. geez youve been around a while.

jim

Quoting Greenhaze
It looks like we got the breakout. Daily close like that would be nice. Retracement entry near the breakout zone might be the play. 1500 here we go?
  • #92,966
  • Apr 5, 2011 11:35am Apr 5, 2011 11:35am
Quoting aserbfx
usd/cad h4 at resistance area.
done...
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meine augen sind die sterne
  • #92,967
  • Apr 5, 2011 11:41am Apr 5, 2011 11:41am
Quoting aserbfx
done...

That's one thing that drives me nuts about larger timeframes ( I come from trading 5m and 30m) the setups are few and far between so when one is missed, like this usdcad which I had on my watchlist, the time:opportunity ratio gets really skewed.

Nice trade.
  • #92,968
  • Apr 5, 2011 11:48am Apr 5, 2011 11:48am
Quoting james16
great chart green. geez youve been around a while.

jim

It's great to be a part of this excellent thread. Glad to see you posting again Jim. All the best!!
  • #92,969
  • Apr 5, 2011 11:52am Apr 5, 2011 11:52am
Quoting ayour2a
hi James,

the 365 and 150 moving average you have on your chart are they ema or sma and also are they apply to the close or low?

thanks

ayour2a
Interesting you mention this as these lines do not match with my chart.

I have 365 and 150 ema on close.

I am pretty sure James uses this so I am confused as to why my lines are quite different.
  • #92,970
  • Apr 5, 2011 11:56am Apr 5, 2011 11:56am
Quoting six gun
Interesting you mention this as these lines do not match with my chart.

I have 365 and 150 ema on close.

I am pretty sure James uses this so I am confused as to why my lines are quite different.
my moving averages are different as well.-i have the same settings as you, 6gun
  • #92,971
  • Apr 5, 2011 11:58am Apr 5, 2011 11:58am
Quoting six gun
Interesting you mention this as these lines do not match with my chart.

I have 365 and 150 ema on close.

I am pretty sure James uses this so I am confused as to why my lines are quite different.
It might be that James feed has sunday bars, which may change the emas look slightly.
  • #92,972
  • Apr 5, 2011 12:04pm Apr 5, 2011 12:04pm
Quoting Greenhaze
It might be that James feed has sunday bars, which may change the emas look slightly.
You can see the small Sunday Bars on James's chart, they are skewing the calculations of the ema's.

Dave
  • #92,973
  • Apr 5, 2011 12:06pm Apr 5, 2011 12:06pm
I didn't take it ...couldn't be here ....but was a nice

TT RN 365ma and look at the fib confluences 38,50,61
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  • #92,974
  • Apr 5, 2011 12:14pm Apr 5, 2011 12:14pm
Quoting six gun
Interesting you mention this as these lines do not match with my chart.

I have 365 and 150 ema on close.

I am pretty sure James uses this so I am confused as to why my lines are quite different.
Hi Six gun
The MAs line up as Jim's on my FXCM feed but are quite a bit out on my FxPro, dont know if that explains it a bit.
Rgds
G
  • #92,975
  • Apr 5, 2011 12:21pm Apr 5, 2011 12:21pm
Quoting six gun
Interesting you mention this as these lines do not match with my chart.

I have 365 and 150 ema on close.

I am pretty sure James uses this so I am confused as to why my lines are quite different.


Quoting trader3000
my moving averages are different as well.-i have the same settings as you, 6gun
Quoting djcash
You can see the small Sunday Bars on James's chart, they are skewing the calculations of the ema's.

Dave
Quoting grahamec
Hi Six gun
The MAs line up as Jim's on my FXCM feed but are quite a bit out on my FxPro, dont know if that explains it a bit.
Rgds
G
It has to do with the broker's Closing time. Difference closing times meaning different PA formations at the Close of each day. FXPro closes its day at 5:00 PM EST other broker's may close its day at 6:00PM or 7:00PM.

Jim is using IBFX who's closing time may differ with your broker. So when we have an EMA at the Close its going to differ with each broker's different Closing time.
Indicators show the past. Price Action "Indicates" the future.
  • #92,976
  • Apr 5, 2011 12:31pm Apr 5, 2011 12:31pm
Quoting jarroo
It has to do with the broker's Closing time. Difference closing times meaning different PA formations at the Close of each day. FXPro close its day at 5:00 PM EST other broker's may close its day at 6:00PM or 7:00PM.

Jim is using IBFX who's closing time may differ with your broker. So when we have an EMA at the Close its going to differ with each broker's different Closing time.
Hi Jarroo, for this reason I cannot understand the edge behind MA's. For example on FxPro this trade would be trading right into the 365ema resistance, which is not a very good thing to do. For this partical trade maybe 365 was not of superior importance, but many times we see trades from 150/365 aligned confluence trades, which in fact are not in there on another broker.

Thinking about this for year, still can't get it ... so for now I have no Ma's on my charts...
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  • #92,977
  • Apr 5, 2011 12:39pm Apr 5, 2011 12:39pm
Quoting jarroo
It has to do with the broker's Closing time. Difference closing times meaning different PA formations at the Close of each day. FXPro closes its day at 5:00 PM EST other broker's may close its day at 6:00PM or 7:00PM.

Jim is using IBFX who's closing time may differ with your broker. So when we have an EMA at the Close its going to differ with each broker's different Closing time.
Jarroo mate. Here is my chart.
They are defo 365 and 150 ema on close.
This would make the ema's unusable if they were so different.
I seriously can't understand this. A slight difference but not this much
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  • #92,978
  • Apr 5, 2011 12:40pm Apr 5, 2011 12:40pm
Quoting Adilius07
Hi Jarroo, for this reason I cannot understand the edge behind MA's. For example on FxPro this trade would be trading right into the 365ema resistance, which is not a very good thing to do. For this partical trade maybe 365 was not of superior importance, but many times we see trades from 150/365 aligned confluence trades, which in fact are not in there on another broker.

Thinking about this for year, still can't get it ... so for now I have no Ma's on my charts...

I believe you right .. . for the practical structure of this trade that Jim took, the 365 ema was not the overriding importance that made this trade workout so well. But Jim (and myself) like to see additional confluence when a setup is presented . .long term emas is one of them.
Indicators show the past. Price Action "Indicates" the future.
  • #92,979
  • Apr 5, 2011 12:44pm Apr 5, 2011 12:44pm
Quoting jarroo
I believe you right .. . for the practical structure of this trade that Jim took, the 365 ema was not the overriding importance that made this trade workout so well. But Jim (and myself) like to see additional confluence when a setup is presented . .long term emas is one of them.
This is a deja vu, all over again from a very similar trade that Jim took last fall . . .let me find it. . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,980
  • Apr 5, 2011 12:46pm Apr 5, 2011 12:46pm
Quoting jarroo
I believe you right .. . for the practical structure of this trade that Jim took, the 365 ema was not the overriding importance that made this trade workout so well. But Jim (and myself) like to see additional confluence when a setup is presented . .long term emas is one of them.
Thanks for reply Jarroo, is just in my thinking it is always was like this: If something can be used for confluence the same thing must be watched to not fade against. Like PPZ, BRN - good example, we use them for confluence and we don't trade right against them.

With MA's is very different somehow
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