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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

  • #101,541
  • Sep 13, 2011 4:45am Sep 13, 2011 4:45am
Quoting pipenstein
Just a little somehting for the James 16 group to think about....

"To make money trading, you do not need to forecast the future. You need to extract information from the markets and find out if the bulls or bears are in control.

You need to measure the strength of the dominant group and decide how likely the current trend is to continue.

You must practice strict money management aimed at long term survival and profit accumulation.

You have to observe how your mind works and avoid slipping into greed or fear. DR. Alexander Elder"

I...
I agree with this POV

You must see the people behind the bars in order to get a proper feel for trading
  • #101,542
  • Sep 13, 2011 4:47am Sep 13, 2011 4:47am
Quoting Ifmyante
I agree with this POV

You must see the people behind the bars in order to get a proper feel for trading
You have got to be joking.

That is what S&R is all about, who cares who the people behind the bars are, there is no way of knowing anyway.
  • #101,543
  • Sep 13, 2011 4:59am Sep 13, 2011 4:59am
Quoting Pinbar
You have got to be joking.

That is what S&R is all about, who cares who the people behind the bars are, there is no way of knowing anyway.
One day you'll look back and wonder how you could've said that.

I'm open for a discussion about it over the weekend, if you like.

You'll be surprised at how easy it is to see who's trading, and why
  • #101,544
  • Sep 13, 2011 5:03am Sep 13, 2011 5:03am
Awesome Post Pinbar! Will be a reference for quite some time to come.
Thanks!


Quoting Pinbar
NOTE: THIS IS NOT A TRADE RECOMMENDATION!
It is simply an exercise in understanding S&R.

Nothing to do today so, as someone asked, I thought I would do a very basic and brief chart on Jarroo's methodology.

Please remember this is a very basic description and limited by my own stage of understanding.
If it wets someones appetite to study more of Jarroo's stuff, it will have served it's purpose.
Hopefully Jarroo will correct any discrepancies he finds.

EDIT: Anyway, you can get the idea from looking at the updated Daily chart.
Nobody...
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #101,545
  • Sep 13, 2011 5:15am Sep 13, 2011 5:15am
Quoting Pinbar
You have got to be joking.

That is what S&R is all about, who cares who the people behind the bars are, there is no way of knowing anyway.
Not long ago you were talking about psychology behind the bars my friend. He wasn't rude or anything, he just tried to shed new light here and your reply wasn't nice. Being ignorant about stuff behind PA is not a good idea imo
  • #101,546
  • Sep 13, 2011 5:26am Sep 13, 2011 5:26am
Quoting Greenhaze
Not long ago you were talking about psychology behind the bars my friend. He wasn't rude or anything, he just tried to shed new light here and your reply wasn't nice. Being ignorant about stuff behind PA is not a good idea imo

The order flow is what we need to know, we do not need to know who or why. Some people come to this thread to learn, others to preach what they do not know or read in a book. That was and still is my impression as all that person was doing was quoting someone, about the subject.
  • #101,547
  • Sep 13, 2011 5:31am Sep 13, 2011 5:31am
Quoting Pinbar
The order flow is what we need to know, we do not need to know who or why. Some people come to this thread to learn, others to preach what they do not know or read in a book. That was and still is my impression.
I, for one, didn't read this stuff in a book, Steve.

I learned it by studying the charts in minute detail.

For example, can you tell me why I was happy to take 6% profit on this trade yesterday?

Can you tell me how I knew who was in the market? All the info you need is there.

I love the J16 thread, but misinformation anywhere just annoys me. It makes learning very difficult for new traders
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  • #101,548
  • Sep 13, 2011 5:33am Sep 13, 2011 5:33am
For me, the who and why has never helped my trading as it is speculative, and I find that the science of it all is in the charts. But frankly I am a bit disturbed seeing discussions get touchy; not used to that this on this thread.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #101,549
  • Sep 13, 2011 5:34am Sep 13, 2011 5:34am
Quoting teemo
I am a bit disturbed seeing discussions get touchy; not used to that this on this thread.
Agreed.

Sorry
  • #101,550
  • Sep 13, 2011 5:35am Sep 13, 2011 5:35am
Quoting Ifmyante
One day you'll look back and wonder how you could've said that.

I'm open for a discussion about it over the weekend, if you like.

You'll be surprised at how easy it is to see who's trading, and why

My point is, it is all built into the PA & the S&R.
Sure, we can pick areas where there will be a greater order flow such as short or long orders getting their SL's hit and buyers or sellers jumping on board.
Just how are you going to tell "who is behind" any given bar?

Sorry, I have to work at the weekends.
No rest for the wicked.
  • #101,551
  • Sep 13, 2011 5:38am Sep 13, 2011 5:38am
Ok, I will apologize for being brash.

I was really busy at the time and brashed off.

Still, that was not that person's fault.

Now if someone can enlighten us as to how we can tell who is behind the bars and for what reason, other than stop losses of day traders getting hit and others jumping in.
  • #101,552
  • Sep 13, 2011 5:39am Sep 13, 2011 5:39am
Hey Ifmyante, As always a beautiful read of PA btw. Supply & Demand! As I read in one of James's posts any system will work in a trending market - but it is exactly this kind of analysis which counts in any market condition!




Quoting Ifmyante
I, for one, didn't read this stuff in a book, Steve.

I learned it by studying the charts in minute detail.

For example, can you tell me why I was happy to take 6% profit on this trade yesterday?

Can you tell me how I knew who was in the market? All the info you need is there.

I love the J16 thread, but misinformation anywhere just annoys me. It makes learning very difficult for new traders
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #101,553
  • Sep 13, 2011 5:41am Sep 13, 2011 5:41am
Quoting Pinbar
My point is, it is all built into the PA & the S&R.
Sure, we can pick areas where there will be a greater order flow such as short or long orders getting their SL's hit and buyers or sellers jumping on board.
Just how are you going to tell "who is behind" any given bar?

Sorry, I have to work at the weekends.
No rest for the wicked.
That's a massive subject, but once learned, it becomes instinctive.

I suppose the most important people we need to find are the consistent losers.
Maybe we can, as I said, discuss it over the weekend.

It's a very busy day's trading for me



If
  • #101,554
  • Sep 13, 2011 5:41am Sep 13, 2011 5:41am
Quoting teemo
Hey Ifmyante, As always a beautiful read of PA btw. Supply & Demand! As I read in one of James's posts any system will work in a trending market - but it is exactly this kind of analysis which counts in any market condition!
Thanks Teemo.

Gotta keep it simple
  • #101,555
  • Sep 13, 2011 5:43am Sep 13, 2011 5:43am
Quoting teemo
Hey Ifmyante, As always a beautiful read of PA btw. Supply & Demand! As I read in one of James's posts any system will work in a trending market - but it is exactly this kind of analysis which counts in any market condition!

Which trade?

Hit me with it.

Brash post deleted by the way.
  • #101,556
  • Sep 13, 2011 5:45am Sep 13, 2011 5:45am
Quoting Pinbar
Which trade?

Hit me with it.

Brash post deleted by the way.
It's a few posts north
  • #101,557
  • Sep 13, 2011 5:48am Sep 13, 2011 5:48am
Quoting Ifmyante
I, for one, didn't read this stuff in a book, Steve.

I learned it by studying the charts in minute detail.

For example, can you tell me why I was happy to take 6% profit on this trade yesterday?

Can you tell me how I knew who was in the market? All the info you need is there.

I love the J16 thread, but misinformation anywhere just annoys me. It makes learning very difficult for new traders

Sorry, no charts for me to look at on IBFX or my FXDD live account.
Is that M1 TF?
  • #101,558
  • Sep 13, 2011 5:50am Sep 13, 2011 5:50am
Quoting Pinbar
Sorry, no charts for me to look at on IBFX or my FXDD live account.
Is that M1 TF?
Yup. But the whole scenario is right there on that chart.

Would you like me to post it blank, leaving just the trade?
  • #101,559
  • Sep 13, 2011 5:51am Sep 13, 2011 5:51am
Quoting Ifmyante
Yup. But the whole scenario is right there on that chart.

Would you like me to post it blank, leaving just the trade?

No, if you post a weekly and a daily chart, I will look at it.
Who can trade an M1 chart without at least looking at the daily?
  • #101,560
  • Sep 13, 2011 5:54am Sep 13, 2011 5:54am
Quoting Pinbar
No, if you post a weekly and a daily chart, I will look at it.
But then you'll be talking about apples while I'm talking about oranges!

All TFs work exactly the same, anyway, except that M1 on a few instruments is deadly accurate, with a tiny spread:range ratio
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