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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

  • #105,001
  • Dec 7, 2011 12:14pm Dec 7, 2011 12:14pm
Quoting nwo-trader
Thank you Mike!

I was wondering if anyone has noticed that there is a "James16" app for the iPhone? Of course I am kidding, but there is an app called "Asia Forex Mentor", with an associated .com address.

Pinbars, Inside bars, outside bars, confluence, alot of the James16 price action material is there.

I just searched the site and he provides no credit at all to James for the material.
too many of those too count these days. I guess it comes with the territory

I always go with "it is what it is" that's my go too in life haha

Best
Mike
  • #105,002
  • Dec 7, 2011 12:21pm Dec 7, 2011 12:21pm
Quoting aarangio
Hey Mike..

oooops!!..sorry late to the party but I want to wish you an awesome Happy Birthday and I hope you get all your birthday presents and wishes

Now go down some drinks, it's party time!!

Cheers,
Adrian
here's what I'm drinking with my new bday gift(a juicer - i know I am lame lol)

ok so maybe I'll have a few beers tonight


Thanks buddy!
Mike
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  • #105,003
  • Dec 7, 2011 12:34pm Dec 7, 2011 12:34pm
Looking good that juice Mike, cheers in advance for tonight beers, take one for each of us u have helped!!!, lol

Was looking at this trade ex post, so didnt took it, watching how strong those boxes are. This is what I think is a nice bearish Pinbar, bouncing from a nice level acted as support and resistance before, but price got rejected from the boxed consolidation zone.

Lesson: take care on those zones, they are really strong!!!

Best wishes!!!

Hector
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  • #105,004
  • Dec 7, 2011 12:45pm Dec 7, 2011 12:45pm
TL is still holding price on usd chf, I THINK is looking like a bulish triangle, 3rd attempt to break to the upside is comming.

Lets see what happens, i wish for my christmas present a break to the upside and a big bulish pinbar rejecting from the horizontal blue line ;-).

Best wishes

Hector
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  • #105,005
  • Dec 7, 2011 12:46pm Dec 7, 2011 12:46pm
I don't know for you Mike , but I'm going to drink a beer , hehe It's evening here , enough trading for today. So let it be for your health

Btw this greeny thingy looks nice I'm a fitness/health maniac

CHEERS
  • #105,006
  • Dec 7, 2011 2:07pm Dec 7, 2011 2:07pm
so disappointed. fxpro did not have a bar chart to my android phone
  • #105,007
  • Dec 7, 2011 2:22pm Dec 7, 2011 2:22pm
Did anyone take the EurChf 4H pin? I had a pending BS @ 1.24
I am also thinking to take the GbpChf pin, a little hesitating too.
Could you guys please put up a few words on them? Did I take it wrong? I am new to the pins so any help is welcome.
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" The fool who never traded Demo "
  • #105,008
  • Dec 7, 2011 2:33pm Dec 7, 2011 2:33pm
Quoting AmareX
Did anyone take the EurChf 4H pin? I had a pending BS @ 1.24
I am also thinking to take the GbpChf pin, a little hesitating too.
Could you guys please put up a few words on them? Did I take it wrong? I am new to the pins so any help is welcome.
Hey Amarex

Welcome, you aren't quite wrong with the bars. But the locations and story behind these bars are a bit trickier.

I would personally easily avoid eur/chf due to the extreme choppiness and consolidation we are in. Pretty similar to the gbp/chf. Essentially they both will work or not work so you gotta watch doubling your risk. Or at least be aware of that.

I put some more notes on the gbp/chf chart of what I see

Again welcome and thanks for sharing your charts
Mike
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  • #105,009
  • Dec 7, 2011 2:39pm Dec 7, 2011 2:39pm
Thanks a lot mike. Really appreciate your time.
And Sorry for being late, Happy Birthday
" The fool who never traded Demo "
  • #105,010
  • Dec 7, 2011 3:42pm Dec 7, 2011 3:42pm
Quoting mbqb11
here's what I'm drinking with my new bday gift(a juicer - i know I am lame lol)

ok so maybe I'll have a few beers tonight


Thanks buddy!
Mike
Happy Birthday bud. Thanks for all your efforts.

You know whats even more lame? I have the same model!
  • #105,011
  • Dec 7, 2011 4:24pm Dec 7, 2011 4:24pm
Quoting mbqb11
here's what I'm drinking with my new bday gift(a juicer - i know I am lame lol)

ok so maybe I'll have a few beers tonight


Thanks buddy!
Mike
Happy birthday Mike !
  • #105,012
  • Dec 7, 2011 8:09pm Dec 7, 2011 8:09pm
Quoting mbqb11
haha thanks bud

but its not my bday yet, let me stay young forever!

Happy B-Day, Mike . . .. .

I agree . .he is one awesome guy . . . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #105,013
  • Edited 10:01pm Dec 7, 2011 9:25pm | Edited 10:01pm
Quoting Pipskateer
To Jim and the James16Group,

I just wanted to say that I have <finally> been led to this thread for a more in-depth look at what you good folks have been doing so skillfully over the past several years. I have now watched all the free videos on the J16Group Guest page and have read all the information and links (including links within the links) from Jim's first page. I am now about 30 pages into reading this thread and plan to go at least 200 pages. After this, I plan to begin demo testing on the daily and weekly charts for your suggested minimum...
Quoting Pipskateer
I've not run across an explanation for the MA's on Jim's charts and I'm sure I will as I keep reading. In the meantime, can someone tell me what the settings are for them? I think the slowest one is a 365 EMA, but I'm not entirely sure and I have no clue what the other one's are. If they were described in the videos, I surely missed it.

As I understand, the slowest one is used mainly for confluence, right?

EDIT: I was originally targeting a read of about 3000 posts (15 per page X 200 pages). Do you think that is sufficient to get a good overall...
Welcome aboard Pipskateer . .

I'm not sure how Skunny uses fib levels or if they are the sole focus of his trading but we use them as a confluencing tool with S/R, PPZ levels.

As Rust has said, long term MAs like the 150 ema and 365 ema that James16 uses are used as confluenceing tool with S/R and PPZ levels. James16 also uses these MAs as targets for PA setups when applicable.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #105,014
  • Dec 7, 2011 9:29pm Dec 7, 2011 9:29pm
Quoting Chris P
I preferred the CADJPY when we got the first PB off that level. Thanks Jarroo
Classic, Chris . .

Where is Ryanmcd? I want to show him some levels to look for when he's trading the 5 min . . .
Indicators show the past. Price Action "Indicates" the future.
  • #105,015
  • Dec 7, 2011 9:54pm Dec 7, 2011 9:54pm
Quoting 5.25
EURUSD: Like the way the Daily LCS levels are holding up. 4h PB helped confirm an entry short at 1.345560. 75% out, let's see if we can close last weeks gap... ("Damn Gaps")
Great charts, T. . .


Damn you Gaps!!! .. lol . .
Indicators show the past. Price Action "Indicates" the future.
  • #105,016
  • Dec 7, 2011 10:00pm Dec 7, 2011 10:00pm
Quoting nwo-trader
Watching this one for a James16 style pullback of the BEOB to PPZ. No intentions of trading it just watching at this time.

Quoting nwo-trader
Would have been good for a 60 pip bounce so far

Very nice nwo-trader .. .
Indicators show the past. Price Action "Indicates" the future.
  • #105,017
  • Dec 7, 2011 11:13pm Dec 7, 2011 11:13pm
Quoting PinWing
Looking good that juice Mike, cheers in advance for tonight beers, take one for each of us u have helped!!!, lol

Was looking at this trade ex post, so didnt took it, watching how strong those boxes are. This is what I think is a nice bearish Pinbar, bouncing from a nice level acted as support and resistance before, but price got rejected from the boxed consolidation zone.

Lesson: take care on those zones, they are really strong!!!

Best wishes!!!

Hector
Hey Hector . .nice charts . .

That sure is a strong zone on the Cad/Jpy . .I like looking at Weekly TF on these "crazy crosses" (and also Usd pairs too) it helps bring a bit more clarity to the levels and "zones".

Looking at the Weekly TF, that zone stands out to me between a LCS and HCR level. The Daily PB looks really good . .piercing through both levels. . .a bigger size PB would have been nice.
A retrace entry off that PB to the Weekly HCR level (78.81) would be how I would trade it. . .ending in a break even trade at its worst outcome.

The PB could still work out .. meaning its High may not be breached due to the Weekly LCS (77.25) could still act as strong Resistance.

I agree, the current Daily BUOB closing above the Weekly HCR level could be indicating more bullish movement . . the decision to get out of the trade is a valid one. . .should be fun to watch . .

Just some thoughts . .nice job PinWing . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #105,018
  • Dec 7, 2011 11:36pm Dec 7, 2011 11:36pm
smack dab against confluences of resistance and many days of indecisive bars...where could we possibly be going
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  • #105,019
  • Dec 8, 2011 1:20am Dec 8, 2011 1:20am
Quoting mbqb11
here's what I'm drinking with my new bday gift(a juicer - i know I am lame lol)
ok so maybe I'll have a few beers tonight
hey that's not lame.
what kind of fruit/veggie juice is that?

Mike has changed for the better.
  • #105,020
  • Dec 8, 2011 2:10am Dec 8, 2011 2:10am
Anyone of u using the J16manager EA posted here http://www.forexfactory.com/showthre...95#post3219195 ? I managed to load up the EA but its not working i.e. it doesn't partial close at target as indicated.

Anyone of u who are successfully using this pls help. Thks!
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