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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

  • #94,881
  • May 5, 2011 3:18am May 5, 2011 3:18am
Quoting g_j_hook@yah
go on silver!! tanking today!!!

took a demo short from the retest of the 4h pinbars low, 50% fib confluence of the swing. Quite a large stop but couldnt see any thing very strong below that price.. most is now closed but left some to hopefully run....

jon
running nicely for now..
stop now behind the BRN ppz 40.00. looking for a break below the 38.00 level..then possibly 36.50...
currently +650 pips

jon
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PATIENCE... DISCIPLINE
  • #94,882
  • May 5, 2011 3:29am May 5, 2011 3:29am
i just 'watched' the g u drop 35 pips in one second.
  • #94,883
  • May 5, 2011 3:34am May 5, 2011 3:34am
took a discretionary trade on gold. too early to tell if it will work out.
The 1500 level looks pretty strong and we have bullish divergence so looking for a break below the last lows. may close all there yet..? will go to BE when current 1h bar closes.

jon
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PATIENCE... DISCIPLINE
  • #94,884
  • May 5, 2011 3:36am May 5, 2011 3:36am
Quoting g_j_hook@yah
running nicely for now.. +650 pips

jon
  • #94,885
  • May 5, 2011 3:43am May 5, 2011 3:43am
au.nz looks interesting also..again lets see how it plays out.Currently forming a double IB on 4h...one of my favs. Not comfortable taking it short though with the 1.3500 just below.

jon
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  • #94,886
  • May 5, 2011 3:49am May 5, 2011 3:49am
Quoting antgal23
i just 'watched' the g u drop 35 pips in one second.
yeah ...anyone remember this chart. Didnt quite make the 1.6800 level and never got the bar ..

jon
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  • #94,887
  • May 5, 2011 3:52am May 5, 2011 3:52am
Quoting 5.25

lol....looks great on the 1h TF which i entered in lol

cheers

jon
PATIENCE... DISCIPLINE
  • #94,888
  • May 5, 2011 3:57am May 5, 2011 3:57am
Quoting g_j_hook@yah
au.nz looks interesting also..again lets see how it plays out.Currently forming a double IB on 4h...one of my favs. Not comfortable taking it short though with the 1.3500 just below.

jon
I flagged this one too Jon, I wasn't comfortable shortening that PB with the 1.3500 beneath it. (As you rightly mentioned).

It's too risky for me, therefore a pass. I'll watch how it develops. Back to work...
  • #94,889
  • May 5, 2011 4:10am May 5, 2011 4:10am
Quoting 5.25
I flagged this one too Jon, I wasn't comfortable shortening that PB with the 1.3500 beneath it. (As you rightly mentioned).

It's too risky for me, therefore a pass. I'll watch how it develops. Back to work...
yeah, im not keen on those pins in a range. and with the 1.3500 jus below i passed also. Will be interesting to watch.
theres been some interested charts this week eh!?
...back to work...

jon
PATIENCE... DISCIPLINE
  • #94,890
  • May 5, 2011 4:20am May 5, 2011 4:20am
Quoting jeurre
let's watch out this potential setup next week !
liking this one jeurre .. thanx for the heads up

maybe something like this would be nice..


jon
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  • #94,891
  • May 5, 2011 4:22am May 5, 2011 4:22am
Quoting polundra
Hi Ifmyante. Your analysis of GBPJPY BUOB was VERY VERY VERY impressive. I wonder ,if you can expand on that topic. I mean ,what has to be done ,to try to see those orders. It would be most helpful ,I think, to many people if you use a few chart samples.
Hi P

Thanks for the kind words

This stuff gets very easy once you strip everything off your charts except price, and just watch how it works.

With lots of chart time, and as little exposure as possible to all the fallacies and indicators that are thrown at you all the time, you will easily be able to see where all the orders are placed.

Have a look at this post from April 1st. It is not a joke!
http://www.forexfactory.com/showpost...ostcount=92796

This, I feel, is the best way to analyse the market for a start.

Many here can tell you that I had a giant EUREKA moment not too long ago, and it came as soon as I first actually saw the market like this, and once a great trader told me lately that

"The market will always move in the way which will cause maximum pain"

it all came together even better!

There's really very very little that needs to be learned about the market.

Anyway, what I see isn't exactly the J16 method (even though it was J16's methods that set me in the right direction), so I don't feel it's right to dilute this thread with my method.

pm me any time you like though if you'd like to find out more.

Best always

If
  • #94,892
  • May 5, 2011 4:41am May 5, 2011 4:41am
Ifmyante,

your April 1 charts look like the analysis done by a certain trader who used to work in the chicago merc exchange

similarly, i too had a eureka moment, dropped the indicators and just watch for the imbalances

what they teach here is very similar just with different lingo and a few indicators
  • #94,893
  • May 5, 2011 4:42am May 5, 2011 4:42am
Some levels to watch.

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  • #94,894
  • Edited 5:28am May 5, 2011 4:55am | Edited 5:28am
Quoting g_j_hook@yah
took a discretionary trade on gold. too early to tell if it will work out.
The 1500 level looks pretty strong and we have bullish divergence so looking for a break below the last lows. may close all there yet..? will go to BE when current 1h bar closes.

jon
2/3rds off stop to BE...
jon

EDIT: SL 1510.00
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  • #94,895
  • May 5, 2011 5:01am May 5, 2011 5:01am
Quoting Ifmyante
Hi P

Thanks for the kind words

This stuff gets very easy once you strip everything off your charts except price, and just watch how it works.

With lots of chart time, and as little exposure as possible to all the fallacies and indicators that are thrown at you all the time, you will easily be able to see where all the orders are placed.

Have a look at this post from April 1st. It is not a joke!
http://www.forexfactory.com/showpost...ostcount=92796

This, I feel, is the best way to analyse the market for a start.

Many...
good stuff there mate.

jon
PATIENCE... DISCIPLINE
  • #94,896
  • May 5, 2011 5:28am May 5, 2011 5:28am
eur chf at an important resistance zone...
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meine augen sind die sterne
  • #94,897
  • May 5, 2011 6:28am May 5, 2011 6:28am
EURUSD 4H
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  • #94,898
  • May 5, 2011 6:37am May 5, 2011 6:37am
Quoting Dan Gilbert
this one is still pushing down.
Hey Dan

Nice one - just wanted to ask what feed you are using as this did not show up as a BEOB on my feed?

Thanks
  • #94,899
  • May 5, 2011 6:42am May 5, 2011 6:42am
Quoting fx_rookie
EURUSD 4H
hi fx_rookie, be carefull here mate, a BEOB has to close below the low af the previous bars low. Also your TL doesnt make much sense to me.
It is notoriously very difficult to trade any bar in such congestion, James teaches us to trade BEOB and bearish pinbars at swing highs.
just my thoughts.

jon
PATIENCE... DISCIPLINE
  • #94,900
  • May 5, 2011 6:53am May 5, 2011 6:53am
Quoting plund
Some levels to watch.

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Thanks plund

Here's a couple on my list:
(the level to watch will be obvious when you open a chart)


ALX
AMZN
OXY
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