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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

  • #99,501
  • Jul 29, 2011 9:12am Jul 29, 2011 9:12am
Quoting vbmark
Could someone please point me in the direction of the best tutorial(s) on placing support and resistance lines?

This seems to be one of the keys to success and I really want to get this right.

Videos are preferable but whatever is recommended I will study.

Thanks!
Go the guest area of the J16 group and watch J16 video titled pivot zones 3rd down. I've probably watched this one 50 times.

http://www.james16group.us/Guests/guestmaterial.html
  • #99,502
  • Jul 29, 2011 9:14am Jul 29, 2011 9:14am
Quoting Donkey
Go the guest area of the J16 group and watch J16 video titled pivot zones 3rd down. I've probably watched this one 50 times.

http://www.james16group.us/Guests/guestmaterial.html
Thanks!
  • #99,503
  • Jul 29, 2011 9:15am Jul 29, 2011 9:15am
Quoting aserbfx
done. well, was supported by news. but who the heck cares if your account grows as well.
out with about +100 pips. g/u is coming into supply-zone now.
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meine augen sind die sterne
  • #99,504
  • Jul 29, 2011 9:18am Jul 29, 2011 9:18am
I'm seeing a lot of screenshots with the MACD on it. I've searched through the thread but cannot find how it is being used with this system.

What is it supposed to be letting me know? Or, what is it telling me that price action isn't?

Thanks!
  • #99,505
  • Jul 29, 2011 9:40am Jul 29, 2011 9:40am
Quoting kichigai
Close above 1.3000 and healthy pin-bar. The AUDUSD looked to be offered today, esp on drop below BRN 1.1000 so that added credence to a long on EURAUD. Given the strength of the downtrend and it being a Friday, I was more than happy to be out at FTA before 13100.

Still holding free trade (with trend) in EURCHF from pin on the 22nd, taking partials on the way down

Gaining confidence. Good weekend all!
Wow, the beauty!
  • #99,506
  • Jul 29, 2011 9:44am Jul 29, 2011 9:44am
Quoting vbmark
I'm seeing a lot of screenshots with the MACD on it. I've searched through the thread but cannot find how it is being used with this system.

What is it supposed to be letting me know? Or, what is it telling me that price action isn't?

Thanks!

Hey VB

Most of us use it just to help spot or confirm divergence.

That is when MACD is going one way and price is going another price is diverging and it can often be a heads up that momentum is fading and a reversal(however sustained) may be coming

Best
Mike
  • #99,507
  • Jul 29, 2011 10:49am Jul 29, 2011 10:49am
I have a question for the Seniors please. When plotting horizontal lines on Monthly/Weekly charts do you adjust them once zoomed into a smaller TF - let's say an Hourly for example?
Thanks,
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #99,508
  • Jul 29, 2011 11:07am Jul 29, 2011 11:07am
I took a touch trade on D1.
Reason supporting this trade:

  1. EMA 150 and strong PPZ fall on the same level
  2. 50% Fib
  3. downtrend on D1

I'm not much experienced on TT so I thought to give it a try with a small position

Cheers
Andreas

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  • #99,509
  • Jul 29, 2011 11:29am Jul 29, 2011 11:29am
ok so we broke to our first predicted FTA at around 1.31

price has since retraced a bit as expected to the breakout area, this is key now. If we can hold above and get back into the 1.31's by close tonight, then next week we should be playing above this level. Thats for the traders who took this trade.

My status is i grabbed 66pips on a buy off the pin to 1.31 closed half my position, SL is at BE currently on remaining half position.
  • #99,510
  • Jul 29, 2011 12:30pm Jul 29, 2011 12:30pm
Quoting deankenny21
ok so we broke to our first predicted FTA at around 1.31

price has since retraced a bit as expected to the breakout area, this is key now. If we can hold above and get back into the 1.31's by close tonight, then next week we should be playing above this level. Thats for the traders who took this trade.

My status is i grabbed 66pips on a buy off the pin to 1.31 closed half my position, SL is at BE currently on remaining half position.
Way to go bud. It's so nice to know these trouble areas and see them work time and time again
  • #99,511
  • Jul 29, 2011 12:38pm Jul 29, 2011 12:38pm
Quoting deankenny21
ok so we broke to our first predicted FTA at around 1.31

price has since retraced a bit as expected to the breakout area, this is key now. If we can hold above and get back into the 1.31's by close tonight, then next week we should be playing above this level. Thats for the traders who took this trade.

My status is i grabbed 66pips on a buy off the pin to 1.31 closed half my position, SL is at BE currently on remaining half position.
Haha I did the exact same thing
  • #99,512
  • Jul 29, 2011 12:51pm Jul 29, 2011 12:51pm
Quoting mbqb11
Way to go bud. It's so nice to know these trouble areas and see them work time and time again
I know its beautiful, im so tempted to move to 4hr but my win rate on daily is too good! J16 is da man

I thought i would do update on the trade since i called it, and in doing this i am proud of myself
  • #99,513
  • Jul 29, 2011 1:24pm Jul 29, 2011 1:24pm
Quoting deankenny21
I know its beautiful, im so tempted to move to 4hr but my win rate on daily is too good! J16 is da man

I thought i would do update on the trade since i called it, and in doing this i am proud of myself
Good trade man
  • #99,514
  • Jul 29, 2011 1:29pm Jul 29, 2011 1:29pm
  •  Atom
  • | Joined Jul 2010 | Status: An atom..no more..probably less! | 44 Posts
Quoting TransPorter
Guy's, can you consider to watch this pair (GBP/JPY on 4 hour TF)? if the recent bar close below our PPZ and wait for a retest?
I am watching it too with the same thought process. short @ retest with bearish PA on H4 or H1. Probably next week
  • #99,515
  • Jul 29, 2011 2:00pm Jul 29, 2011 2:00pm
I watch chf/jpy as an outside bulish bar occured on daily,

Peter
Jesus Christ is my only Lord !
  • #99,516
  • Jul 29, 2011 2:39pm Jul 29, 2011 2:39pm
Quoting snowly
my 2 cents: there won't be any conclusion till monday night. Noone's gonna bet the ranch before aussie rate announcement. It'll muddle and consolidate probably in 1.3-1.31 till then(they still hope for a rate increase, and it'll pop when there won't be any). Today's move was a fluke due to gdp; otherwise probably it would've consolidate in 1.3-1.31.

Also, sunday at opening is AUD bank holiday. That means 1st 2h at opening uber thin. It'll be the easiest thing in the world to stop hunt on that market - it'll be stop hunt heaven hopefully

Ok,...
wow, i appreciate the help, but one of the key things in J16 i read was not to "over complicate things" and this takes the biscuit for complicating things, sorry.

I have taken profits SL is at BE as far as im aware thats it, if i get taken out no problem, bring on next trade, i have my profits.

I remember someone mentioned fundamentals, we were strictly told in J16 teachings that the chart is all the info u need. Dont focus to much on fundamentals it will just cloud your judgement.
  • #99,517
  • Jul 29, 2011 3:02pm Jul 29, 2011 3:02pm
I'm up to page 10 on this thread and reading new posts as they come in. It's taking a long time as I study every chart that is posted. I am learning so much and I love it!

What pairs are generally recommended. There seems to be two camps. One is only watch a few and really get to know them and the other is watch a bunch a just look for the signals. I think watching a bunch seems to make sense to me so I'm watching 24 pairs:

AUDCAD
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD
EURCHF
EURGBP
EURJPY
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPUSD
NZDJPY
NZDUSD
USDCAD
USDCHF
USDDKK
USDJPY

Does anyone have any suggestions or comments?

Thanks!
  • #99,518
  • Jul 29, 2011 3:06pm Jul 29, 2011 3:06pm
Quoting vbmark
I'm up to page 10 on this thread and reading new posts as they come in. It's taking a long time as I study every chart that is posted. I am learning so much and I love it!

What pairs are generally recommended. There seems to be two camps. One is only watch a few and really get to know them and the other is watch a bunch a just look for the signals. I think watching a bunch seems to make sense to me so I'm watching 24 pairs:

AUDCAD
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD
EURCHF
EURGBP
EURJPY
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPUSD
NZDJPY
NZDUSD
USDCAD
USDCHF
USDDKK
USDJPY

Does...
I also do watch 32 pairs (all at my broker) and silver+gold

Peter
Jesus Christ is my only Lord !
  • #99,519
  • Jul 29, 2011 3:13pm Jul 29, 2011 3:13pm
Quoting deankenny21
wow, i appreciate the help, but one of the key things in J16 i read was not to "over complicate things" and this takes the biscuit for complicating things, sorry.

I have taken profits SL is at BE as far as im aware thats it, if i get taken out no problem, bring on next trade, i have my profits.

I remember someone mentioned fundamentals, we were strictly told in J16 teachings that the chart is all the info u need. Dont focus to much on fundamentals it will just cloud your judgement.
true, too much blabbering on my side. Sorry, pretty tired.
  • #99,520
  • Jul 29, 2011 3:26pm Jul 29, 2011 3:26pm
Quoting snowly
true, too much blabbering on my side. Sorry, pretty tired.
nah its cool, i know your only trying to help, but i did get a brain overload there
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