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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

  • #107,641
  • Feb 19, 2012 9:38pm Feb 19, 2012 9:38pm
Dean I appreciate the help. So if it had , let's say, went to 80.05 and then
the price was soundly rejected in the same way instead of being rejected 79.88 which is what my chart had it would have been an A+ trade?

Just trying to get a handle on what an A+ trade J16 style.

Thanks again......
  • #107,642
  • Feb 19, 2012 9:53pm Feb 19, 2012 9:53pm
G/U continues to offer us money making opportunities
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  • #107,643
  • Feb 19, 2012 10:00pm Feb 19, 2012 10:00pm
Quoting Rosco_P
Dean I appreciate the help. So if it had , let's say, went to 80.05 and then
the price was soundly rejected in the same way instead of being rejected 79.88 which is what my chart had it would have been an A+ trade?

Just trying to get a handle on what an A+ trade J16 style.

Thanks again......
Yep, if it penetrated the 80 BRN it would be off more concrete area and a much larger bar in relationship to the current STRONG up move. This could go big and fast with all the gaps and strength on the xxx/jpy pairs. Also notice the time of night the bar formed. A generally off time. More volatility tonight which would be better but intraday on a 4hr chart I am looking to get involved during the main sessions.

I am hoping to see 80 break and turn to support. If that happens we could be handed a long way up. But until then 80 is a MAJOR hurdle.

Best
Mike
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  • #107,644
  • Feb 19, 2012 10:56pm Feb 19, 2012 10:56pm
Quoting mbqb11
Yep, if it penetrated the 80 BRN it would be off more concrete area and a much larger bar in relationship to the current STRONG up move. This could go big and fast with all the gaps and strength on the xxx/jpy pairs. Also notice the time of night the bar formed. A generally off time. More volatility tonight which would be better but intraday on a 4hr chart I am looking to get involved during the main sessions.

I am hoping to see 80 break and turn to support. If that happens we could be handed a long way up. But until then 80 is a MAJOR hurdle....
Mike answered your question better than i ever could, but yes like he says 4hr in quiet session too, didnt quite reach 80 RN, also strong uptrend vs this pinbar its a tough one to call, so on those notes probably easy to pass on.
  • #107,645
  • Feb 19, 2012 11:32pm Feb 19, 2012 11:32pm
Great insight guys, as always!!
  • #107,646
  • Feb 19, 2012 11:38pm Feb 19, 2012 11:38pm
Quoting Rosco_P
Great insight guys, as always!!
But even if you do pass always watch what happens, for learning purposes, possibly even write a journal about it.

It will possibly reach FTA then continue with trend.
  • #107,647
  • Feb 20, 2012 12:30am Feb 20, 2012 12:30am
Quoting deankenny21
Personally i stick to the plan, and if price action shows a valid trade i take it, ive ignored bank holiday days especially usa ones, as London is bigger than New York
Quoting mbqb11
Hey KK
As for holidays generally I just stay out if it's a major one as the markets are thin and ......

Best
Mike
Thanks guys.
  • #107,648
  • Feb 20, 2012 12:42am Feb 20, 2012 12:42am
Hi Brother Jim,
I tried to re-draw Eur/USD levels Monthly/Weekly and Daily. I tried to take all swings points which I can see on my screen without scrolling. But I ended up so many lines. Is it correct?
Or should I just keep only those levels (daily specially) which are line up also with lows/highs of bars and/or weekly/monthly levels?

(Any body can comments on that please and I also want advise from Jaroo too.)

Thanks.
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  • #107,649
  • Feb 20, 2012 1:26am Feb 20, 2012 1:26am
Quoting fxkaka
Hi Brother Jim,
I tried to re-draw Eur/USD levels Monthly/Weekly and Daily. I tried to take all swings points which I can see on my screen without scrolling. But I ended up so many lines. Is it correct?
Or should I just keep only those levels (daily specially) which are line up also with lows/highs of bars and/or weekly/monthly levels?

(Any body can comments on that please and I also want advise from Jaroo too.)

Thanks.
Whilst your lines do mark swing points, and are good, it's too busy on that chart for me. Perhaps you could zoom right out and draw from there and then fine tune when you zoom back in.

Also if you draw in the BRN's you'll find a lot of those pivots are already marked.
  • #107,650
  • Feb 20, 2012 1:41am Feb 20, 2012 1:41am
A long way until close but if it closes below 126 i'd be inclined to take this...
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The following assume it's current form and close below 126...

Pros...
rejection of RN/PPZ
Good location
Good form

Cons...
Not huge (1/2 size of previous bar)
against big up move.
  • #107,651
  • Feb 20, 2012 2:42am Feb 20, 2012 2:42am
Quoting beebolbod
A long way until close but if it closes below 126 i'd be inclined to take this...
Attachment

The following assume it's current form and close below 126...

Pros...
rejection of RN/PPZ
Good location
Good form

Cons...
Not huge (1/2 size of previous bar)
against big up move.
i know looking at an upmove like that can be daunting to sell against, but if anything i learnt from my time at the Supply and Demand academy its actually good, because if the sellers are coming in on that pin, there is less battleground to go down through, hard to explain, but just means a cleaner path
  • #107,652
  • Feb 20, 2012 4:01am Feb 20, 2012 4:01am
Was just going to post this but am unable to do so.
However, I thought you should read it.
Of course, I perfectly understand and do not expect you to accept the apology.


You can post it in the thread if you like.





-------------------------------------------------------

Well, I really blew a fuse the other day when I laid into Denakenny21.


First and foremost, I shall make a public apology to DK,. You were not the problem at all.
The problem was in my head and basically, you were the target of a totally unfounded attack for which, I truly apologize. If you chose to not accept the apology, it is perfectly understandable.


I shall also apologize to Mike, J16 & Jarroo, you guys have shown me nothing but kindness and understanding and look how I repaid you all. I cringe to think about it, and quite rightly so.

I have been thinking about this, and the reasons behind it a lot, I am really not that type of person but, can occasionally become so.
On that day, I was feeling flaky and was frazzled but, this is no excuse and neither is this sentence meaning to use it as an excuse. The market does not care how we feel and neither does it accept excuses.


Basically, I have come to the conclusion that, some kind of disconnection has occurred within me, not that I have lost any money nor have any financial woes, nor problems at home. Just some kind of disconnection with the charts.




I have over the last few days been attempting to put my finger on it, reading and researching to see if there is any kind of relationship with what we do.
It seems there is.




Anyway, good luck to everyone and once again, my regrets for the ludicrous outbreak.
  • #107,653
  • Feb 20, 2012 4:14am Feb 20, 2012 4:14am
Quoting Pinbar
Was just going to post this but am unable to do so.
However, I thought you should read it.
Of course, I perfectly understand and do not expect you to accept the apology.


You can post it in the thread if you like.





-------------------------------------------------------

Well, I really blew a fuse the other day when I laid into Denakenny21.


First and foremost, I shall make a public apology to DK,. You were not the problem at all.
The problem was in my head and basically, you were the target of a totally unfounded attack...
I for one have missed your charts and respect your apology. We all freak out from time to time so i hope you stick around.
From now on i know you as 'the pitbull pinbar' (jokingly of course )
  • #107,654
  • Feb 20, 2012 4:16am Feb 20, 2012 4:16am
Hi!

Maybe it's not the best topic for this but I would like to ask some quesiton regarding the james16group. I am planning to subscribe, so:

1. monthly subscription is 30 day or from first day to las day of the month?
2. how much videos are viewable? just bc i dont want to pay for only like 20-30 videos but anything over 60-70 is ok.
3. are the videos are downloadable? Can I still watch them after my subscription expires?

thanks.
  • #107,655
  • Feb 20, 2012 4:24am Feb 20, 2012 4:24am
Quoting Pinbar
Anyway, good luck to everyone and once again, my regrets for the ludicrous outbreak.
Good Morning PB

Good to see you back brother.

I'm sure Dean would be ok with it. He seems like a decent enough fellow and I'm sure he understands the gratefulness we all have for the J16 crew and that our highest and deepest intentions are for the best interest and for the benefit of everyone. I don't know how true it is but they say emotional events can often streghen relationships because they allow us to connect at a much deeper level so maybe that's a +ev there for you

I guess even newbies like me (Variance) can get carried away sometimes, just because of the sheer amount of success that we've been bestowed by the J16 crew and the natural voluntary loyalty that can get us a bit carried away sometimes so I'm sure Kenny would understand that.

Anyway, it's good to see you back. Look forward to more of your charts.

V
  • #107,656
  • Feb 20, 2012 4:56am Feb 20, 2012 4:56am
Thanks for the Kind words folks, I sent DK, Jarroo & Mike that a while ago but was unable to post.

This forum is for trading not squabbling, I shall remember that.

Anyway, here is an interesting price alert indicator, I found and it is really useful. I think Mike also used it at one stage.

Does, TL, Horizontal Lines, Fibo alerts, rectangles etc, so I think it could fit into the tool box of many people.

You can use any style of horizontal lines you like, it will alert you at each line touch, you can draw rectangles and have it alert you, and it will, email you, if you choose to use the function.

I only have the exe.
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Attached File(s)
File Type: ex4 Alerter4U.ex4   8 KB | 506 downloads
  • #107,657
  • Feb 20, 2012 5:03am Feb 20, 2012 5:03am
Quoting Pinbar
Thanks for the Kind words folks, I sent DK, Jarroo & Mike that a while ago but was unable to post.

This forum is for trading not squabbling, I shall remember that.

Anyway, here is an interesting price alert indicator, I found and it is really useful. I think Mike also used it at one stage.

Does, TL, Horizontal Lines, Fibo alerts, rectangles etc, so I think it could fit into the tool box of many people.

You can use any style of horizontal lines you like, it will alert you at each line touch, you can draw rectangles and have it alert you, and...
Wow!

Thanks PB, I nearly bit my tongue (while eating) when I saw you mention TL, PPZ and fibs

Could you kindly elaborate a little bit about roughly how it works?

*edit- I did bit my tongue...
  • #107,658
  • Feb 20, 2012 5:21am Feb 20, 2012 5:21am
Quoting zolih
Hi!

Maybe it's not the best topic for this but I would like to ask some quesiton regarding the james16group. I am planning to subscribe, so:

1. monthly subscription is 30 day or from first day to las day of the month?
2. how much videos are viewable? just bc i dont want to pay for only like 20-30 videos but anything over 60-70 is ok.
3. are the videos are downloadable? Can I still watch them after my subscription expires?

thanks.

Hi Zolih,

Welcome to the forum.

I think your questions are very important and I want to allow some of the more senior members to answer them for you so please stick around.

In poker terms, I think the J16 teachings are THE BEST IMOH. It will get you to the point where you can't be exploited, where you can play strong hands every single time and win win win.

I've seen too many newbies jump into the forex (and trading in general) and want to play with the aggression of Phil Ivey, etc and get absolutely slaughtered again and again.

The beautiful thing about the J16 application of the methodology, is that once you can play basic a ABC winnin game, you CAN make big $$$$ +ev by your ability to read even more subtle things and your ability to use confluence in a much more refined way - Ask all the seniors LOL

Inserted Video


But fundamentally, you need to learn how to play a strong inexploitable game first before venturing into the Ivey League (which is ACTUALLY WITHIN J16 ANYWAY).

Sorry, I'm ranting...... I'm meant to say - Yes DO J16 - you will learn the most solid winning game that cannot be exploited, and then you can start using your experience, talents and skills to CAPITALISE even MORE - and that will almost be INEVITABLE if you start APPLYING the BASICS of J16. I can personally vouch for that.

Again, sorry for my BS..... it's all true though.....


*edit - what i was trying to say was.... Learning J16 concepts + ferocious curiosity + screen time = Almost everything you can ask for in trading....
  • #107,659
  • Feb 20, 2012 5:33am Feb 20, 2012 5:33am
Quoting Variance
Hi Zolih,

Welcome to the forum.

I think your questions are very important and I want to allow some of the more senior members to answer them for you so please stick around.

In poker terms, I think the J16 teachings are THE BEST IMOH. It will get you to the point where you can't be exploited, where you can play strong hands every single time and win win win.

I've seen too many newbies jump into the forex (and trading in general) and want to play with the aggression of Phil Ivey, etc and get absolutely slaughtered again and again.

The beautiful...

Upvote and thanks for this post. I was a member.

I m shamelessly admiting it here. I have downloaded all charts and videos.

But i will back for more..sometime later.

I can't thank enough to the seniors and Jim for the material on that site.

I m in demo mode now. Once i start making some cash i will join for the entire year to show my gratitude to Jim , Mike & other good people there.
  • #107,660
  • Feb 20, 2012 5:44am Feb 20, 2012 5:44am
Quoting Pinbar
Was just going to post this but am unable to do so.
However, I thought you should read it.
Of course, I perfectly understand and do not expect you to accept the apology.


You can post it in the thread if you like.





-------------------------------------------------------

Well, I really blew a fuse the other day when I laid into Denakenny21.


First and foremost, I shall make a public apology to DK,. You were not the problem at all.
The problem was in my head and basically, you were the target of a totally unfounded attack for which,...

Welcome back PB...I was missing your charts..
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