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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

  • #101,621
  • Sep 14, 2011 3:33am Sep 14, 2011 3:33am
Quoting joelcf
your conclusions about the drivers behind the move are completely wrong. Indices don't sell off sharply for 2% because they are 'overvalued' and hit some kind of magical PPZ where everyone throws out a stoprev.
Well then, there's a whole group of us who are completely wrong, ALOT, but magically seem to profit greatly.

'Overvalued' is just terminology, a good word that will sink into the mind of a learner. We use the word 'Supply' at places like this, because there are more sellers than buyers.
At the bottom, we don't, but can, use the word 'undervalued'. We use the word 'Demand' - More buyers than sellers.

But these are only words, and would profit by any other name not smell as sweet?

Anyway, it's not my place to push these ideas on anybody. You already see the market sort of like this. But what you see as FTA, some of us see as the best place to trade from.

In essence, we're trading against you, and bringing you back to breakeven, or worse

Best

If
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  • #101,622
  • Sep 14, 2011 3:54am Sep 14, 2011 3:54am
Quoting Ifmyante
Well then, there's a whole group of us who are completely wrong, ALOT, but magically seem to profit greatly.

'Overvalued' is just terminology, a good word that will sink into the mind of a learner. We use the word 'Supply' at places like this, because there are more sellers than buyers.
At the bottom, we don't, but can, use the word 'undervalued'. We use the word 'Demand' - More buyers than sellers.

But these are only words, and would profit by any other name not smell as sweet?

Anyway, it's not my place to push these ideas on anybody. You...

Man, Just what is wrong with you?
You make these claims then when someone asks you about it, you start telling people you are trading against people in this group and are bringing them to "BE or worse?!

Have you totally lost your mind?
  • #101,623
  • Sep 14, 2011 4:08am Sep 14, 2011 4:08am
Quoting Pinbar
Man, Just what is wrong with you?
You make these claims then when someone asks you about it, you start telling people you are trading against people in this group and are bringing them to "BE or worse?!

Have you totally lost your mind?
Just trying to help out
  • #101,624
  • Sep 14, 2011 4:15am Sep 14, 2011 4:15am
The advice 'Know your enemy' will always ring true.

I'm not your enemy, but so often when you're the buyer, I'm the seller.

So here I am, the 'enemy', telling you what I do. Perhaps I must be
  • #101,625
  • Sep 14, 2011 4:19am Sep 14, 2011 4:19am
I agree with you, this is completely irreponsible, because we all know anyway that anything under M30 is just plain noise and there is no way to trade M1 for instance. People claiming so and proving it would make us look like fools, but it has never happened yet, so we are safe.

Thank you pinbar, you're the best!

Quoting Pinbar
Man, Just what is wrong with you?
You make these claims then when someone asks you about it, you start telling people you are trading against people in this group and are bringing them to "BE or worse?!

Have you totally lost your mind?
Hello.
  • #101,626
  • Edited 4:28am Sep 14, 2011 4:25am | Edited 4:28am
Quoting Ifmyante
Just trying to help out
Thanks for the sweet market insight into the minds of the people on the 'right side'.

Quoting Ifmyante
The advice 'Know your enemy' will always ring true.:
You have no idea how apt this comment is, lol.
When you have to shoot, shoot. Dont talk.
  • #101,627
  • Sep 14, 2011 4:26am Sep 14, 2011 4:26am
Quoting joelcf
You have no idea how apt this comment is, lol.
I think I do, Joel. I think I do.
  • #101,628
  • Sep 14, 2011 4:44am Sep 14, 2011 4:44am
Quoting joelcf
Thanks for the sweet market insight into the minds of the people on the 'right side'.
There's no 'right side' in trading.

There are buyers and sellers.

Your method is absolutely right for trading how you trade.

But:

When you see a pinbar forming, somebody had to make it. That's us.
When price turns back at you at your FTA, that's us.

If you think that us telling you how we trade is a bad thing, that you'd rather not know, just tell me. I'd love to read that in a post.

But I'm getting so many PM's this morning, from genuinely interested, open minded traders, it's obvious to me that some people truly do want to know how to rip the market apart.

Best to all

If
  • #101,629
  • Sep 14, 2011 4:49am Sep 14, 2011 4:49am
Quoting Ifmyante
There's no 'right side' in trading.

There are buyers and sellers.

Your method is absolutely right for trading how you trade.

But:

When you see a pinbar forming, somebody had to make it. That's us.
When price turns back at you at your FTA, that's us.

If you think that us telling you how we trade is a bad thing, that you'd rather not know, just tell me. I'd love to read that in a post.

But I'm getting so many PM's this morning, from genuinely interested, open minded traders, it's obvious to me that some people truly do want to know how to rip...

And you are going to teach it to them, of course.
I could see this coming for quite a while now, but you know, you should never bite the hand that feeds you.
You seem to have been doing a lot of blowing your own trumpet, without producing the tickets, to prove it.
  • #101,630
  • Sep 14, 2011 4:51am Sep 14, 2011 4:51am
Guys maybe we should all take a few deep breaths here................
  • #101,631
  • Edited 5:50am Sep 14, 2011 5:02am | Edited 5:50am
Content erased. Replaced with loads of good vibes.
Hello.
  • #101,632
  • Sep 14, 2011 5:05am Sep 14, 2011 5:05am
Quoting gungriffin
Looks to be an interesting area. Guess we will see what becomes of it. GH do you prefer Jarroo material or are you primarily classic J16?

Ryan
I think that most of us came here for James16 teaching and i believe Jarroo added his spin to this methodology as most of the seniors here. Personally i am leaning towards S/R trading mostly without bar confirmation. It wouldn't be fair if i didn't mention BillyRayValentine as one of the most inspiring traders for me in FF. His style resonates nicely with James16
  • #101,633
  • Sep 14, 2011 5:13am Sep 14, 2011 5:13am
Quoting emene

But just so you know, here is a link to some trades taken in under 24 hours. That's around 5000 pips if I am not mistaken : http://minus.com/mDQhdWslm#1g

'Nuff said.

Many pips to all



If
  • #101,634
  • Sep 14, 2011 5:17am Sep 14, 2011 5:17am
Quoting Ifmyante
There's no 'right side' in trading.

There are buyers and sellers.

Your method is absolutely right for trading how you trade.

But:

When you see a pinbar forming, somebody had to make it. That's us.
When price turns back at you at your FTA, that's us.

If you think that us telling you how we trade is a bad thing, that you'd rather not know, just tell me. I'd love to read that in a post.

But I'm getting so many PM's this morning, from genuinely interested, open minded traders, it's obvious to me that some people truly do want to know how to rip...
I'm with "Pinbar" on this,when trading gets tough (which seems to be the case for J16 over the last couple of months) the half wits come out of the wood work.Trading 1min charts with all your gibberish crap needs to be taken elsewhere....Go away and "rip the market apart" somewhere else.
  • #101,635
  • Sep 14, 2011 5:23am Sep 14, 2011 5:23am
Quoting edge540
I'm with "Pinbar" on this,when trading gets tough (which seems to be the case for J16 over the last couple of months) the half wits come out of the wood work.Trading 1min charts with all your gibberish crap needs to be taken elsewhere....Go away and "rip the market apart" somewhere else.

As I said, I recommend mastering HTFs before moving down.

But well done, edge540, you've chased me and my gibberish crap away.

I won't be posting here again unless asked.

Bye all
  • #101,636
  • Sep 14, 2011 5:36am Sep 14, 2011 5:36am
Hi guys, i would like to know .. when you take pinbar trades and enter at the break of the high/low of the pin bar..where do you place your SL?
  • #101,637
  • Sep 14, 2011 5:37am Sep 14, 2011 5:37am
Too bad to wake up to another one of these arguments. When it's all over I think everyone will realize that both sides are saying the same thing. Ifmyante, Emene, Kenny..etc. are following the same or similar enough concepts. Besides a few different twists on trading methodology (Imbalances) the only difference is in the TF's. Why is this such a problem guys?? James16's favorite trades are taken on a 2000 tick chart!!! I have been told by Mike and the man himself! I suppose this is the problem with forums sometimes.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #101,638
  • Sep 14, 2011 5:42am Sep 14, 2011 5:42am
Quoting teemo
Too bad to wake up to another one of these arguments. When it's all over I think everyone will realize that both sides are saying the same thing. Ifmyante, Emene, Kenny..etc. are following the same or similar enough concepts. Besides a few different twists on trading methodology (Imbalances) the only difference is in the TF's. Why is this such a problem guys?? James16's favorite trades are taken on a 2000 tick chart!!! I have been told by Mike and the man himself! I suppose this is the problem with forums sometimes.
Edit: Pip should be tick - sorry
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #101,639
  • Edited 6:46am Sep 14, 2011 6:04am | Edited 6:46am
Quoting Ifmyante
Your method is absolutely right for trading how you trade.

But:

When you see a pinbar forming, somebody had to make it. That's us.
When price turns back at you at your FTA, that's us.
Actually, that would be those moving real money. In this case, in reaction to a news event. Not people trying to piggyback onto moves based on bar patterns and basic support and resistance. Which is what makes your other comments so amusing.

I think your problem here stems from presuming to know me, how I trade and what I do or dont know. Or anyone else.


Quoting teemo
Besides a few different twists on trading methodology (Imbalances) the only difference is in the TF's. Why is this such a problem guys??
I had no problem with his trade. In fact, I'm pretty sure I even called it a good trade. He just took exception when I pointed out that his posthoc explanation was off base.

At which point he decided to give me (and the rest of us) a lecture on basic support and resistance, and claiming that we are all on the 'wrong side'. Something I am sure he would be willing to help us solve, for a nominal fee.

It's not that I had an issue with his trade; just his misplaced arrogance. I daresay Steve felt the same.
When you have to shoot, shoot. Dont talk.
  • #101,640
  • Sep 14, 2011 6:22am Sep 14, 2011 6:22am
Hi Boys and Girls,
I'm one of the newbies here , been around 4 weeks or so, I come from trading shorter time frames, so its taken a week or two to get over the cultural shock of Daily and Weekly.
My first week was a shambles, with beginning to learn the methods, and adjusting to the time frames, and reading and reading.
had a couple of nice weeks now,, and beginning to enjoy daily and weekly, (although I sometimes cheat and go to 4h )
I seem to be reaping in better rewards than when I traded shorter time frames, and I now have time to breath between trades.
Am getting the idea of A+ trades and now each time before I enter a trade I ask the question , "If this was the last trade i could take for this month,, would this be the trade I chose", often I turn the trade down , and watch the result.still trading j16 on demo
I'm having fun , and improving in spotting whats going on,
The folks on the forum are really observant , I keep saying to mself . "Now why didnt I see that"
I'malso reading "No free lunch etc", as well as DIBS".
Theres really no reason for me to try and trade 1h and shorter, getting enough trades as it is.
thanks to all
mike
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