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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

  • #96,301
  • Jun 10, 2011 1:13am Jun 10, 2011 1:13am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting theGuru
I have nothing against what is obviously a successful trading method, but for those dealing with the trainer 'FijiTrader' you need to be aware of the following ...
http://www.paclii.org//cgi-bin/disp....?query=bamlett
http://www.paclii.org//cgi-bin/disp....?query=bamlett
http://www.paclii.org//cgi-bin/disp....?query=bamlett
http://www.paclii.org//cgi-bin/disp....?query=bamlett
Hey whats all this about? I read all 4 links and I still cannot brain this. Whats the connection to fijitrader? Does Fiji have only 1 trader?
I have seen the enemy, and it is me.
  • #96,302
  • Jun 10, 2011 1:24am Jun 10, 2011 1:24am
Quoting mrhb30jr
Hi hipcio,

any other reasons to entry Long for this currency coz only the breakout of the line

in my view there are 3 negative divergence for this NU
1. Monthly TF
2. Weekly TF
3. Daily TF

and on the 240 Hr TF State 3 IB's (inside one bar) look like reversal to be in progress...

Cheers
Hi mrhb,

Before I point out my own reasons which have been mentioned some posts before - I will post my charts with macd,

- Yes, on daily the div is negative - as You say, but we are in the strong up trend and I would say that it does not play an important role for me,

- On weekly and monthly it does not look so obvious for me, lets put it this way - I do not see massive divergence and on mothly seems to be not at all,

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd 10.06.2011 1.gif Size: 15 KB
Click to Enlarge Name: nzdusd 10.06.2011 2.gif Size: 20 KB
Jesus Christ is my only Lord !
  • #96,303
  • Jun 10, 2011 1:34am Jun 10, 2011 1:34am
Quoting hipcio
Hi mrhb,

Before I point out my own reasons which have been mentioned some posts before - I will post my charts with macd,

- Yes, on daily the div is negative - as You say, but we are in the strong up trend and I would say that it does not play an important role for me,

- On weekly and monthly it does not look so obvious for me, lets put it this way - I do not see massive divergence and on mothly seems to be not at all,

Peter
Hi Hipcio,

Noted with thanks for your reply, but on my view for this NU I will waiting till the Price clear break out the high (close above the resistance) .....

cheer
  • #96,304
  • Jun 10, 2011 1:34am Jun 10, 2011 1:34am
Now, it is even easier to say why I am in this trade,
on the chart I have drawn two green lines - the lower one is at the top of previous monthly hights, the upper is at the top of previous h4 max levels,
I can see also a wedge and the breakout of it in the trend direction up,
As watching back on h4 the bloue box PPZ was not so easly rejected so it could be expected as the strong support after the close of the bar over it,

Any way I do not know what will happen I would not place more than 1% of my account on the move up - so I do now

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 10.06.2011 3.gif Size: 16 KB
Jesus Christ is my only Lord !
  • #96,305
  • Jun 10, 2011 1:39am Jun 10, 2011 1:39am
Quoting mrhb30jr
Hi Hipcio,

Noted with thanks for your reply, but on my view for this NU I will waiting till the Price clear break out the high (close above the resistance) .....

cheer
Yes, I understand Your point of view, and it might be better than my approach
but I placed this order a week ago expecting the stronger move up, as the news on nzd are traded when I sleep I decided to place my buy stop order just over the hights,

Peter
Jesus Christ is my only Lord !
  • #96,306
  • Jun 10, 2011 1:58am Jun 10, 2011 1:58am
Quoting hipcio
Yes, I understand Your point of view, and it might be better than my approach
but I placed this order a week ago expecting the stronger move up, as the news on nzd are traded when I sleep I decided to place my buy stop order just over the hights,

Peter
U r the best nice to share with u hipcio ....

cheers
  • #96,307
  • Jun 10, 2011 2:14am Jun 10, 2011 2:14am
here was my view of the N/U 4hr

I wanted to long on the retest of .8250 when we got that nice PB, but the divergence on the 4hr kept me out.

http://img691.imageshack.us/img691/6526/1nu.gif
  • #96,308
  • Jun 10, 2011 2:19am Jun 10, 2011 2:19am
Quoting jarroo
Hey Steve . .good to see you too. .

lol . .Not yet at 1000 posts . . but they're moving pretty quick . .

Jim
lol, now don't be modest Jim!
  • #96,309
  • Jun 10, 2011 2:22am Jun 10, 2011 2:22am
im curious. do you even know what these say or even mean? what are you warning people to be aware of?

ive known fiji for many years and he is one of the most intelligent and decent people ive ever met.

so it appears that he has had a couple of legal disputes. i have also. several from the early 90,s when i defaulted on a large credit card bill that i felt i was being cheated by with unlwaful interest charges, i was sued by that credit card company.

should people be aware of that?

i dont understand why you would put that out unless you know the full story behind it.

if fij sees that you might be getting sued if i know fij like i think i do.

i will let you decide if that should be removed. im gonna let it stay.

i would be a bit nervous if i were you.

nothing personal, just my opinion.

jim

Quoting theGuru
I have nothing against what is obviously a successful trading method, but for those dealing with the trainer 'FijiTrader' you need to be aware of the following ...
http://www.paclii.org//cgi-bin/disp....?query=bamlett
http://www.paclii.org//cgi-bin/disp....?query=bamlett
http://www.paclii.org//cgi-bin/disp....?query=bamlett
http://www.paclii.org//cgi-bin/disp....?query=bamlett
  • #96,310
  • Jun 10, 2011 2:24am Jun 10, 2011 2:24am
Quoting jpdwilson
I think james16 used DHLC and DLHC? I don't know the lingo yet!

Thanks in advance.
Hi ya JPD..

Here's most all the lingo your going to need while going through this thread....put together thanks to Pinbar! http://www.forexfactory.com/showthread.php?p=4538540#post4538540

Cheers,
Adrian
  • #96,311
  • Jun 10, 2011 2:34am Jun 10, 2011 2:34am
Quoting aarangio
lol, now don't be modest Jim!


Great Group . .Great People . .what can I say . .
Indicators show the past. Price Action "Indicates" the future.
  • #96,312
  • Jun 10, 2011 2:40am Jun 10, 2011 2:40am
Quoting mrhb30jr
U r the best nice to share with u hipcio ....

cheers
My pleasure mrhb

Thank You for beeing interested - it made me think it over once again,

cheers,
Peter
Jesus Christ is my only Lord !
  • #96,313
  • Jun 10, 2011 2:41am Jun 10, 2011 2:41am
Quoting jarroo
Great Group . .Great People . .what can I say . .
you forgot Great Teacher!

Thanks for all your help Jim!
  • #96,314
  • Jun 10, 2011 2:41am Jun 10, 2011 2:41am
chart
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  • #96,315
  • Jun 10, 2011 2:43am Jun 10, 2011 2:43am
Quoting aarangio
you forgot Great Teacher!

Thanks for all your help Jim!

I was taught by the Best . .

Thanks aarangio. . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #96,316
  • Jun 10, 2011 2:45am Jun 10, 2011 2:45am
yep ive heard your wife is something else. your a lucky man.

i got a teacher and boss also. couldnt do without her.



Quoting jarroo
I was taught by the Best . .

Thanks aarangio. . .


Jim
  • #96,317
  • Jun 10, 2011 2:52am Jun 10, 2011 2:52am
Quoting james16
chart
I'm in this one. All gratitude to you, the seniors and this thread for it's tuition.
  • #96,318
  • Edited 3:15am Jun 10, 2011 2:59am | Edited 3:15am
Quoting james16
yep ive heard your wife is something else. your a lucky man.

i got a teacher and boss also. couldnt do without her.



No wife here . . A girlfriend is trouble enough . lol . . .I shouldn't say that . .she's a Doll . . .as long as she gets her "shoe money" . . lol . .(I couldn't help myself . .lol . . .the funny thing is . .she would laugh too)
Indicators show the past. Price Action "Indicates" the future.
  • #96,319
  • Jun 10, 2011 3:07am Jun 10, 2011 3:07am
wow, Sir James is here!
It's nice to see you here, especially your charts
Could you please tell us what are you thoughts on eur/aud daily beob.

thanks a lot and have fun!!
  • #96,320
  • Jun 10, 2011 3:23am Jun 10, 2011 3:23am
Quoting Aggro
wow, Sir James is here!
It's nice to see you here, especially your charts
Could you please tell us what are you thoughts on eur/aud daily beob.

thanks a lot and have fun!!
I'm not James16 but I like it too.

Nice Space . .at a swing High . . big in size . .previous High and Lows as targets (blue) .. nice retrace to the BEOB's previous bar Low . .which could have been used as an entry or S/L level.
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Indicators show the past. Price Action "Indicates" the future.
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