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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

  • #105,021
  • Dec 8, 2011 2:29am Dec 8, 2011 2:29am
Closed my EC trade @ 2381 I guess which I am not supposed to do, I should have move my SL to BE or let it run to the original SL. But the retest of 24 level (which I believe is a good thing under normal market condition) making me sick because I was very concerned about the upcoming ECB rate announce and meeting. Add up December with it, enough to make a newbie like me frustrated.

Still I believe its not good to let your emotion flow and change game plan. Looks like a long journey I need to finish. Funny, PA seems to coming down now !!
" The fool who never traded Demo "
  • #105,022
  • Dec 8, 2011 6:13am Dec 8, 2011 6:13am
Quoting supremeChaos
hey that's not lame.
what kind of fruit/veggie juice is that?

Mike has changed for the better.
probably a 'PIP'aya juice or something.

g.
I believe . . .
  • #105,023
  • Dec 8, 2011 7:03am Dec 8, 2011 7:03am
Big Pin , Big divergence , Big round number

(don't count this not on the break buy .... it's a different story)
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  • #105,024
  • Dec 8, 2011 7:55am Dec 8, 2011 7:55am
Quoting Rust
Big Pin , Big divergence , Big round number

(don't count this not on the break buy .... it's a different story)

This is exactly why new people should not be trading H1.
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  • #105,025
  • Dec 8, 2011 7:57am Dec 8, 2011 7:57am
Quoting Rust
Big Pin , Big divergence , Big round number

(don't count this not on the break buy .... it's a different story)

Hi Rust,

I've been just watching this one - EUR/AUD.

Price might be at it's bottom. In the past, the price twice touched this level and twice we could see nice movement upward. But I am just a poor beginner, I will listen to the advice of senior members and wait for some nice confirming PA on daily or H4.
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  • #105,026
  • Dec 8, 2011 8:10am Dec 8, 2011 8:10am
Sorry I cant post a chart but NZDUSD 1hr PB looks great. and for me the 4hr will close soon and will also present a 4hr pb

any thoughts ?
  • #105,027
  • Dec 8, 2011 8:15am Dec 8, 2011 8:15am
Quoting Pinbar
This is exactly why new people should not be trading H1.
Hey Pinbar ,
please explain why ?

note : I didn't trade it actually , but I suppose my reasons are different than what you mean
it didn't trigger , besides all
  • #105,028
  • Dec 8, 2011 8:35am Dec 8, 2011 8:35am
Quoting Rust
Hey Pinbar ,
please explain why ?

note : I didn't trade it actually , but I suppose my reasons are different than what you mean
it didn't trigger , besides all

It is too fast a TF, the PA is not as reliable, and it is harder to spot the PPZ areas.

You had a buy order there, right?
  • #105,029
  • Dec 8, 2011 8:36am Dec 8, 2011 8:36am
Quoting nikim
Sorry I cant post a chart but NZDUSD 1hr PB looks great. and for me the 4hr will close soon and will also present a 4hr pb

any thoughts ?
If you use MT4, you can save a chart in following way:

Right click on the chart -> Save as picture -> Choose one of the options

Then you can upload your chart from MT4:
When typing some post, there are "Thread options" below, choose Manage Attachments, click on "choose file", choose the chart and click on "upload" - congratulations, you chart is uploaded.


And to that H1 PB on NZD USD, my humble opinion is that you would be trading in price consolidation. The H4 PB might be better, but let's see how the price actually closes.
  • #105,030
  • Dec 8, 2011 8:39am Dec 8, 2011 8:39am
Quoting ghous
probably a 'PIP'aya juice or something.

g.
LOL cracked me up

It's mostly Kale and other random sutff LOL

Beer is saved for night Supreme


Mike
  • #105,031
  • Dec 8, 2011 8:44am Dec 8, 2011 8:44am
Quoting Pinbar
You had a buy order there, right?
Yeah , but it's there long before that . Nothing to do with this setup, as I said earlier .

Anyway ... if I wasn't already involved on this pair , maybe I should play this setup with reduced risk , because of the timeframe . Multiple bar lows stopped it from triggering , no loss even then .

1.3000 is a very major support area , and there is hell of a divergence on weekly . A small H1 trade could turn into your risk returned a gazilion times
  • #105,032
  • Dec 8, 2011 8:52am Dec 8, 2011 8:52am
Quoting Rust
Yeah , but it's there long before that . Nothing to do with this setup, as I said earlier .

Anyway ... if I wasn't already involved on this pair , maybe I should play this setup with reduced risk , because of the timeframe . Multiple bar lows stopped it from triggering , no loss even then .

1.3000 is a very major support area , and there is hell of a divergence on weekly . A small H1 trade could turn into your risk returned a gazilion times

This monthly LCS is what the problem was.
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  • #105,033
  • Dec 8, 2011 9:08am Dec 8, 2011 9:08am
Quoting Pinbar
This monthly LCS is what the problem was.
Yeah ,
I was more watching this:
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  • #105,034
  • Dec 8, 2011 9:09am Dec 8, 2011 9:09am
Mike, guys.

Need help, I know that this question was asked a zillion times but I just can't find it.
I need to find some data on EUR/USD and other pairs to backtest a few of my systems, which I remodeled thanks to James 16 stuff. I need 5 min charts to backtest them from as early as 2006 or close to that. All data that I could find starts from february 2011 which is not enough.

Thanks for any help in advance.
  • #105,035
  • Dec 8, 2011 9:30am Dec 8, 2011 9:30am
Quoting cold chisel
Mike, guys.

Need help, I know that this question was asked a zillion times but I just can't find it.
I need to find some data on EUR/USD and other pairs to backtest a few of my systems, which I remodeled thanks to James 16 stuff. I need 5 min charts to backtest them from as early as 2006 or close to that. All data that I could find starts from february 2011 which is not enough.

Thanks for any help in advance.
Hey CC

Real accurate low timeframe data can often be very costly. I am not 100% positive on the best sources for that. I would consider making a post somewhere on FF that will get exposure if anyone has bought data. Cause getting demo data on 5min back to 06 might be possible but could be highly inaccurate from my experience. Check out forextester.com and the data sources and data type they have listed on the left. You may be able to find there as well

Best
Mike
  • #105,036
  • Dec 8, 2011 10:05am Dec 8, 2011 10:05am
Quoting mbqb11
Hey CC

Real accurate low timeframe data can often be very costly. I am not 100% positive on the best sources for that. I would consider making a post somewhere on FF that will get exposure if anyone has bought data. Cause getting demo data on 5min back to 06 might be possible but could be highly inaccurate from my experience. Check out forextester.com and the data sources and data type they have listed on the left. You may be able to find there as well

Best
Mike
Thanks Mike.

I'll try to do what you recomend.
  • #105,037
  • Dec 8, 2011 10:10am Dec 8, 2011 10:10am
Quoting mbqb11
Hey CC

Real accurate low timeframe data can often be very costly. I am not 100% positive on the best sources for that. I would consider making a post somewhere on FF that will get exposure if anyone has bought data. Cause getting demo data on 5min back to 06 might be possible but could be highly inaccurate from my experience. Check out forextester.com and the data sources and data type they have listed on the left. You may be able to find there as well

Best
Mike
Look back through Ronald Raygun's post from a year or two ago. I know he was doing a project of getting tick data for years from many different brokers. Not sure how it all turned out but he is usually successful.

Simple
A woman drove me to drink, and I forgot to thank her
  • #105,038
  • Dec 8, 2011 10:22am Dec 8, 2011 10:22am
nice strong big BEOB swing high, divergence, round number, strong close, false break of a "box", PPZ.

Classic James16
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  • #105,039
  • Dec 8, 2011 10:49am Dec 8, 2011 10:49am
pinbar, divergence, and resistance.
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  • #105,040
  • Dec 8, 2011 10:51am Dec 8, 2011 10:51am
Quoting biDc
pinbar, divergence, and resistance.
nice B!

Lots of setups out there this morning


Best
Mike
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