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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

  • #107,661
  • Feb 20, 2012 5:47am Feb 20, 2012 5:47am
Quoting Variance
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...
It does not draw any alert lines, rectangles nor fibs.

You put it on your chart and when you draw a horizontal line, fibo, or trendline, it will alert you as to which one of them was touched by price.
  • #107,662
  • Feb 20, 2012 5:54am Feb 20, 2012 5:54am
Quoting Pinbar
It does not draw any alert lines, rectangles nor fibs.

You put it on your chart and when you draw a horizontal line, fibo, or trendline, it will alert you as to which one of them was touched by price.
That's incredible... Thanks PB.... you have no idea how much this means to me LOL
  • #107,663
  • Feb 20, 2012 5:57am Feb 20, 2012 5:57am
Slighlty off topic..but just wanted to check.

Everytime i was jim's videos, I fall asleep..

Does this happen to anyone else?
  • #107,664
  • Edited 6:11am Feb 20, 2012 6:00am | Edited 6:11am
Quoting zamfir
Slighlty off topic..but just wanted to check.

Everytime i was jim's videos, I fall asleep..

Does this happen to anyone else?
LOL.... I love you Zamfir...


I'll have to say.... a long time ago.....I INITIALLY felt the exactly same way for Mike's stuff as well..... until I realized that Mike's stuff was like the strongest possible game that I could personally play and that has changed my trading and my LIFE ever since.... and then I went back to some of Jim's old stuff.... and realized that he's actually FAAARRRRRRRRRRR FAAAAAAAAAAAAARRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR greater than I'd expected..... than all my Tharp friends could possibly imagine in their wildest dreams....

*edit* so yes i can totally appreciate where you're coming from LOL

Just hang in there buddy. You will see greater things than these with (what you are CURRENTLY SEEING) in the J16 methodology

Inserted Video


Nothing of what you're doing is in vain
  • #107,665
  • Feb 20, 2012 6:15am Feb 20, 2012 6:15am
Quoting zamfir
Slighlty off topic..but just wanted to check.

Everytime i was jim's videos, I fall asleep..

Does this happen to anyone else?

Now, i m not saying Jim's videos are boring, they are nowhere near boring..just his voice is very soothing , it's like hearing a bedtime story...LOL..
  • #107,666
  • Feb 20, 2012 6:39am Feb 20, 2012 6:39am
Guys,

Do any of you know a reliable forex broker who offers CFD Futues with minimum trading size lot of 0.01?.

Just to be more clear, I would like to trade futures on NYMEX,CBOT,EUREX with mimimum margin requirements..

I tried broco trader, but it's russian and doesn't have good reviews.

Anyone?
  • #107,667
  • Feb 20, 2012 6:49am Feb 20, 2012 6:49am
Quoting zamfir
Guys,

Do any of you know a reliable forex broker who offers CFD Futues with minimum trading size lot of 0.01?.

I tried broco trader, but it's russian and doesn't have good reviews.

Anyone?
Hi Zamfir,

Thought I'd add my two cents since I know the seniors are generally trying to stay neutral with brokers....

For futures, I'd personally look into Zen-Fire brokers like Mirus Futures, Interactive Brokers, Tradestation and maybe even MB Trading..... I know.... you do have to trade the full contract, even for minis but I'd like to know if anybody can truly recommend a "reliable" CFD broke.r?

*edit* Mirus is the only one that offers unfiltered ticks. Interactive Brokers have compressed data that comes out 8 times per second. And as for Tradestation and MB Trading, I haven't got data for them yet but they're just as reliable for futures, especially Tradestation(but not for forex). MB Trading's old navigator (FOR FOREX) has been the sharpest, quickly and most nimble, powerful piece of execution software I have ever experienced..... too bad they don't offer the same mbtx routing system to be integrating into a meta trader platform (even though they do have a fairly decent routing system for metatrader). Some forex traders swear by MB.... I used to as well and they are still good to this day. I haven't tried the MT4 version of MB Trading though so can't comment on that...
  • #107,668
  • Feb 20, 2012 6:57am Feb 20, 2012 6:57am
Quoting Variance
Hi Zamfir,

Thought I'd add my two cents since I know the seniors are generally trying to stay neutral with brokers....

For futures, I'd personally look into Zen-Fire brokers like Mirus Futures, Interactive Brokers, Tradestation and maybe even MB Trading..... I know.... you do have to trade the full contract, even for minis but I'd like to know if anybody can truly recommend a "reliable" CFD broke.r?

*edit* Mirus is the only one that offers unfiltered ticks. Interactive Brokers have compressed data that comes out 8 times per second. And as...
forgot to mention - I don't live in US. Hence i m looking for forex broker who offer CFD futures..
  • #107,669
  • Feb 20, 2012 6:59am Feb 20, 2012 6:59am
Quoting beebolbod
I for one have missed your charts...
From now on i know you as 'the pitbull pinbar' (jokingly of course )
Ditto that, good to have you back PB.

Remember, J16 like's his Pin Bars to be Pitbull bars not Poodle bars ...

T
  • #107,670
  • Edited 7:51am Feb 20, 2012 7:08am | Edited 7:51am
Quoting jarroo
Hey equivestor, I'm not 5.25 but this is how I saw what he did.

But in this case, Price failed to act as Resistance and reverted back to its Support level status . .chart . .that's what I believe 5.25 saw. . .Also the bullish PB didn't hurt . .
Spot on Jim! You read me like a book. :nerd:

Equivestor, listen and learn from the Seniors, I'm only reinterpreting their material as a mere mortal. Jarroo nailed my trade requirements so can't really add anything more to it. I'll elaborate when required.

T
  • #107,671
  • Feb 20, 2012 7:27am Feb 20, 2012 7:27am
Let's see if it can fill the gap.
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  • #107,672
  • Feb 20, 2012 7:39am Feb 20, 2012 7:39am
Quoting zamfir
forgot to mention - I don't live in US. Hence i m looking for forex broker who offer CFD futures..
I'm pretty sure they accept accounts worldwide

Don't muck around with CFD's....
  • #107,673
  • Feb 20, 2012 7:42am Feb 20, 2012 7:42am
50% off the table and SL at PB left eye.

EDIT: I like the look of this H4 PB in the making.
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  • #107,674
  • Feb 20, 2012 8:03am Feb 20, 2012 8:03am
Noticed this box trade last night but didn't know how to enter it. It forms a triangle on the 4hr and then breaks out but there was no retest of the triangle. I usually don't feel comfortable enough to enter on the daily yet, even though I know I can simply reduce my position size approriately- lol. Okay I guess I'll start doing that then...Anyone think this was a good trade? Also, is my BRN correct?

thanks
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  • #107,675
  • Feb 20, 2012 8:12am Feb 20, 2012 8:12am
pinbar's fest
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all is eternal - this is good news for people who loves bad news
  • #107,676
  • Feb 20, 2012 8:38am Feb 20, 2012 8:38am
Quoting zamfir
Welcome back PB...I was missing your charts..
welcome back buddy
  • #107,677
  • Feb 20, 2012 8:42am Feb 20, 2012 8:42am
Quoting equivestor12
Noticed this box trade last night but didn't know how to enter it. It forms a triangle on the 4hr and then breaks out but there was no retest of the triangle. I usually don't feel comfortable enough to enter on the daily yet, even though I know I can simply reduce my position size approriately- lol. Okay I guess I'll start doing that then...Anyone think this was a good trade? Also, is my BRN correct?

thanks
For me this has very little to go on. An easy pass. It's great if you took it and made money from it but i dont see a trade here for the following reasons...

No clear PA (not that my level of trading could see anyway)
150 EMA below entry.
365 EMA further below.
Lots of traffic to escape from.

Please bear in mind i'm no expert and this is a personal view

PS - your 'inverse' colour scheme is v strange to me!! I've never seen bullish bars in red before.
  • #107,678
  • Feb 20, 2012 9:03am Feb 20, 2012 9:03am
really not bad location for a nice price action. No matter which way.
P.
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EDIT: 300 posts! Addiction.
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  • #107,679
  • Feb 20, 2012 9:08am Feb 20, 2012 9:08am
I like also this one prety cool one - gaped up and rejected from Res nicely.

Just waiting for close of all these JPY crosses daily candles. Will choose then few favorites
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all is eternal - this is good news for people who loves bad news
  • #107,680
  • Feb 20, 2012 9:10am Feb 20, 2012 9:10am
Quoting Pinbar
Let's see if it can fill the gap.
Hey pinbar, when would you move your stop to break even on this?

thanks
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