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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

  • #106,701
  • Feb 1, 2012 11:53pm Feb 1, 2012 11:53pm
You be You & I'll be me & we both shall Trade Together.
To Jim & All Others who have taken the endeavour.
B
  • #106,702
  • Feb 2, 2012 2:36am Feb 2, 2012 2:36am
Some proper legends on the thread.... great to be part of this and be learning with the best.

My bests to all you guys and girls who are divulging this stuff to us. It's not quite there for me yet but with each day and each read of this thread i feel more and more confident i can do this for real one day.

Good to see your back is ok Jim...

Rob
  • #106,703
  • Feb 2, 2012 3:00am Feb 2, 2012 3:00am
Quoting james16
im fine. what have i been up to? real estate is what i put a lot of my trading profits into. its usually houses in the 50 to 80k range that are good rentals and can easily make 60 to 80 percent return a year on your investment. i plan to show everyone how i do that and how easy it is here this year.

my latest foray is the largest thing i have ever done. its been very stressful and has required my focused attention for the last couple of months. i have partnered with 15 friends and associates to build my cities first upscale assisted and memory...

heehee...it seems both of us invest in same kind of business, but me on a much smaller scale.

Hope by the end this year the house to be ready for the market to take it .

The last picture lays out where I'm with the project, although this picture was taken 2 months ago the roof is already finished right now.

Going back to my cave now

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  • #106,704
  • Edited 7:10am Feb 2, 2012 3:51am | Edited 7:10am
Heya Mike ,
do you still play H&S pattern ?
If this seems playable for you , maybe ... or maybe you want to see something else ?
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  • #106,705
  • Feb 2, 2012 4:15am Feb 2, 2012 4:15am
Quoting james16
im fine. what have i been up to? real estate is what i put a lot of my trading profits into. its usually houses in the 50 to 80k range that are good rentals and can easily make 60 to 80 percent return a year on your investment. i plan to show everyone how i do that and how easy it is here this year.

my latest foray is the largest thing i have ever done. its been very stressful and has required my focused attention for the last couple of months. i have partnered with 15 friends and associates to build my cities first upscale assisted and memory...

Wow, that is cool to see, people giving back something to society.
Good for you Jim, I am sure you will make a lot of people happy.

Considering the size of the project, it is not wonder you were so busy.

Still we all missed you and that is a good sign.

Good luck on the project.
  • #106,706
  • Feb 2, 2012 4:26am Feb 2, 2012 4:26am
Quoting Pinbar
There is a much less complicated method of disqualifying that bar and that is, it is not at a SH. We don't take bearish PA at a SL.
That's fine.
I have seen some readers wondering about the "behind the scenes" or the "why" of similar practices and I am trying to put down the detailed reasons.

A typical case, a guy asks "would you guys buy this PB" and he's replied: "no, because it's tail is too short". The terse recipe works indeed.

He will learn that's true but then he'll wonder why a short tail is not good though. The explanation is probably spread somewhere in the 7,000 pages, I'd like to make it "easy to find nearby".
  • #106,707
  • Feb 2, 2012 4:59am Feb 2, 2012 4:59am
Quoting Rust
Heya Mike ,
do you still play H&S pattern ?
If this seems playable for you , maybe ... or maybe you want to see something else

Hey Rust.

I imagine you probably already know this but, if not.

A head and shoulders pattern is just a higher TF PA bar, in this case a weekly PB.
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  • #106,708
  • Edited 6:22am Feb 2, 2012 5:21am | Edited 6:22am
What do you guys think about EUR/AUD it is at daily LCS and in 4h TF is at bootom at consolidation area, if this clouse a pb I think is a good oportunity for enter long for 15 pip
apreciate feedback

Edit: 4h candel close not pb... signal invalided
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Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #106,709
  • Feb 2, 2012 7:00am Feb 2, 2012 7:00am
Quoting Bemac
OK Pop Quiz. Gold Quickie. Up or down?
I say Down to 35 Then a Big Bounce.
B
Quoting Bemac
Seriously. This is a Buy Gold Opportunity.
If not: I 'll stop posting.
Still got a window. Down to 35 is a Buy.
Hope you are right
  • #106,710
  • Feb 2, 2012 7:03am Feb 2, 2012 7:03am
Wow guys , I am so overwhelmed by thread's activity last days .
Great posts , old timer guys returning , James16 posting ..... don't know what's going on
Big emotion on my side
  • #106,711
  • Feb 2, 2012 7:06am Feb 2, 2012 7:06am
Quoting Pinbar
Hey Rust.

I imagine you probably already know this but, if not.

A head and shoulders pattern is just a higher TF PA bar, in this case a weekly PB.
Sure Pin ,
checked it already how it looks up there
Thanks for comment ! Nice chart.
  • #106,712
  • Feb 2, 2012 7:11am Feb 2, 2012 7:11am
Gold D1, It maybe small, but i think not bad pin.
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Please rate it.

James16, you are really amazing person!
Thanks for this thread!
  • #106,713
  • Feb 2, 2012 7:19am Feb 2, 2012 7:19am
Quoting Pinbar
Have you ever thought of getting rid of the grid on the chart and perhaps changing the colors of the candles to something a little less, Fluorescent?
I tried, but i feel quite... confused without grid. It's unusual for me lol , but if you dont like it, i can make screenshots without it.
About colors - please tell me your colors, i like your color scheme.
Oh, while i posting this message, you attach your template, thanks for this.
But you know, i have cherries on my chart, so i m not sure that your colors would be ok with cherries. But i'll try it
  • #106,714
  • Feb 2, 2012 7:22am Feb 2, 2012 7:22am
Quoting Pokemon
I tried, but i feel quite... confused without grid. It's unusual for me lol , but if you dont like it, i can make screenshots without it.
About colors - please tell me your colors, i like your color scheme.
Oh, while i posting this message, you attach your template, thanks for this.

No, no need to change it for me.
I just thought it would help you see price better than that color scheme you are using.

If you stare at charts as long as me everyday, it would drive you either blind, insane or both.
  • #106,715
  • Feb 2, 2012 7:22am Feb 2, 2012 7:22am
Quoting Pokemon
Gold D1, It maybe small, but i think not bad pin.
Attachment
Please rate it.
Your fib level is irrelevant.

We're only half way through the day so this bar could turn into anything. But even as it is, it's not a tradeable pin bar, you will know the reasons for this from the advice you've been given recently.

For me, we're at an interesting area - the 1750BRN, and we've got price ascending nicely into it. Perfect place to look for some significant PA.
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  • #106,716
  • Feb 2, 2012 7:24am Feb 2, 2012 7:24am
Quoting Pinbar
No, no need to change it for me.
I just thought it would help you see price better than that color scheme you are using.

If you stare at charts as long as me everyday, it would drive you either blind, insane or both.
yeah, mt is the most used software for me. I always stare at charts too.
Thanks for your template.
Can you tell me your colors please, i have mt5 and your template doesnt working with that.
  • #106,717
  • Feb 2, 2012 7:35am Feb 2, 2012 7:35am
Quoting Pokemon
yeah, mt is the most used software for me. I always stare at charts too.
Thanks for your template.
Can you tell me your colors please, i have mt5 and your template doesnt working with that.
Sure

By the way, I do not like how price has not been rejected at this area.
Despite predictions of a drop, I have the feeling it may break through this area even though it is a tough area.
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  • #106,718
  • Feb 2, 2012 7:37am Feb 2, 2012 7:37am
Quoting Pinbar
By the way, I do not like how price has not been rejected at this area.
Despite predictions of a drop, I have the feeling it may break through this area even though it is a tough area.
Who predicted a drop?
  • #106,719
  • Feb 2, 2012 7:37am Feb 2, 2012 7:37am
Quoting Pinbar
Sure

By the way, I do not like how price has not been rejected at this area.
Despite predictions of a drop, I have the feeling it may break through this area even though it is a tough area.
Thanks for this, Pinbar!
I just applied your color scheme.
  • #106,720
  • Feb 2, 2012 7:49am Feb 2, 2012 7:49am
Quoting Pokemon
Thanks for this, Pinbar!
I just applied your color scheme.

May take some getting used to after your, eh, rather bright color scheme. LOL But, it will save your eyes and concentration in the long run.
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