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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

  • #108,541
  • Edited 5:38pm Mar 7, 2012 4:59pm | Edited 5:38pm
Quoting jarroo
Looks like a Pitbull PB to me . .

Jims. both of them.

Was this PB not trading right into the area between these two confluence boxes with the 365 riding the middle?

I know this is after thought but, this area would have concerned me when I saw the PB.

Just wondering if there are any other reasons it was deemed a good setup apart from the shape of the bar, and the area it came off.
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  • #108,542
  • Mar 7, 2012 5:01pm Mar 7, 2012 5:01pm
Quoting Pinbar
Hey Jims. both of them.

Was this PB not trading right into the area between these two confluence boxes with the 365 riding the middle?

I know this is after thought but, this area would have concerned me when I saw the PB.

Just wondering if there are any other reasons it was deemed a good setup apart from the shape of the bar.
Hey Steve

Your chart is dead on my man. That's why this is a good one. Cause we know where price is likely to go. We also have the BRN above us to cut out too. Now different strokes for different folks will be if you trade it or not. I passed myself but my chart was the same as yours. A nice big pin off the BRN and knowing our FTA in this situation is key. In fact in this situation it's everything(and often is)

Nice charts steve

Mike
  • #108,543
  • Mar 7, 2012 5:44pm Mar 7, 2012 5:44pm
Quoting samurai77
Thanks Jeremy and Allan for your guides. I really need those.

Over the last couple of days I start spotting price actions on the charts. It's really changing the way I look at the market. It's like getting closer into the market psychology (and definitely that's what I am looking for). I will follow your advice to be committed to this channel before anything else.

Anyway, I need some indicators such as weekly pivot and monthly pivot (since the one I downloaded from internet shows different values) , and the one that beebolbod...
Hi John,

attached is the time indicator, if you are using mt4.
i dont have the pivot indicator as i dont use them.
feel free to ask a member directly if you have a question regarding his chart, (ex: indicator), most likely he/she can answer better.
but remember, J16, wants us to eliminate these indicators as much as possible to avoid additional confusion to us, students.
check out Mike's (mbqb11) charts and you will notice that he only uses horizontal lines (for the BRN).

Good Luck.

Allan
Attached File(s)
File Type: mq4 P4L Clock.mq4   99 KB | 389 downloads
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #108,544
  • Mar 7, 2012 5:48pm Mar 7, 2012 5:48pm
Big pin bar to follow the one from yesterday. I think it has a high probability of reaching the high of the previous pin bar. Someone definitely wants it to go up!!!

http://my.jetscreenshot.com/11256/m_...rxks-105kb.jpg
  • #108,545
  • Mar 7, 2012 5:51pm Mar 7, 2012 5:51pm
Quoting heebbyjeeby
Big pin bar to follow the one from yesterday. I think it has a high probability of reaching the high of the previous pin bar. Someone definitely wants it to go up!!!

http://my.jetscreenshot.com/11256/m_...rxks-105kb.jpg
The plot thickens.....


http://my.jetscreenshot.com/11256/m_...-6jzi-99kb.jpg
  • #108,546
  • Mar 7, 2012 6:31pm Mar 7, 2012 6:31pm
Quoting zamfir
Lol , jaroo i love these kind of charts..

Can someone put flowers/chocolates near to 2800 level.

Thanks..

It hit its targets. .previous bar Highs and Lows . .nicely.

2800? Maybe. The move may not be over . .could be taking out the breakevens .
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Indicators show the past. Price Action "Indicates" the future.
  • #108,547
  • Mar 7, 2012 6:32pm Mar 7, 2012 6:32pm
Quoting jarroo
It hit its targets. .previous bar Highs and Lows . .nicely.

2800? Maybe. The move may not be over . .could be taking out the breakevens .
Wow, that was quick . .lol
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #108,548
  • Mar 7, 2012 6:43pm Mar 7, 2012 6:43pm
Quoting Pinbar
Thanks Jim

Yes there was a good TT opportunity at 0.822 & Indeed looks like 0.81725 is acting as support.
We'll see if that previous Weekly LCS .81725 will hold.

This more recent, albeit minor, Daily LCS level (in green) held up as Resistance nicely .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #108,549
  • Mar 7, 2012 6:49pm Mar 7, 2012 6:49pm
Quoting Pumlitch
Looks sooooo easy
It can be, especially when the levels are clear and confluenced . .
Indicators show the past. Price Action "Indicates" the future.
  • #108,550
  • Mar 7, 2012 7:05pm Mar 7, 2012 7:05pm
Quoting leckytech
So so much too learn..I would never have considered that boxes as they are huge pip movements..to me anyway.

Its just not clicking for me yet...need to spend a lot more time asking you questions

Thanks mate

Paul
Quoting mbqb11
Hey Paul

Welcome to the thread bud

You are close. Right now price is boxing.

Price will do this over and over

It boxes, breaks out, boxes , breaks out. These boxes provide great clues to what price MAY do. And areas to watch. Many boxes will box on top of each other creating our Price Pivot Zones

The bottom of a box is support till proven otherwise, and the top is resistance. When price can get outside of these boxes then the opposite often happens. The support becomes resistance or the resistance becomes support. Check out the other boxes...


Hey Paul,

This post from Mike about boxes (or Consolidtion areas) looks very basic and simple . .and it is . .but its very Powerful.

Understanding this one "simple" concept . ."It boxes, breaks out, boxes , breaks out . ." can lead you to many successful trades in the future . .

Welcome.


Jim
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #108,551
  • Mar 7, 2012 7:11pm Mar 7, 2012 7:11pm
Quoting mbqb11
Hey Steve

Your chart is dead on my man. That's why this is a good one. Cause we know where price is likely to go. We also have the BRN above us to cut out too. Now different strokes for different folks will be if you trade it or not. I passed myself but my chart was the same as yours. A nice big pin off the BRN and knowing our FTA in this situation is key. In fact in this situation it's everything(and often is)

Nice charts steve

Mike

You passed?? I thought this one had Mike written all over it. lol . .you think you know someone and then . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #108,552
  • Mar 7, 2012 7:14pm Mar 7, 2012 7:14pm
Quoting jarroo
You passed?? I thought this one had Mike written all over it. lol . .you think you know someone and then . .lol
lol check your emails! I had multiple exposure to NZD already, so I kept out. I would term that one a quick hitter though no?

Hope all is well Jim
Mike
  • #108,553
  • Mar 7, 2012 7:18pm Mar 7, 2012 7:18pm
Quoting mbqb11
lol check your emails! I had multiple exposure to NZD already, so I kept out. I would term that one a quick hitter though no?

Hope all is well Jim
Mike

I see. ..Yeah I saw those . .they are awesome . .


"Hope all is well Jim" . .Yeah . .why? . .what did you hear . .
Indicators show the past. Price Action "Indicates" the future.
  • #108,554
  • Mar 7, 2012 7:21pm Mar 7, 2012 7:21pm
Quoting jarroo
I see. ..Yeah I saw those . .they are awesome . .


"Hope all is well Jim" . .Yeah . .why? . .what did you hear . .
hahaha nothing I guess I should stick to "best"
  • #108,555
  • Mar 7, 2012 7:23pm Mar 7, 2012 7:23pm
Quoting mbqb11
hahaha nothing I guess I should stick to "best"

You had me worried there for a moment . .lol .

All is very well, my friend . .
Indicators show the past. Price Action "Indicates" the future.
  • #108,556
  • Mar 7, 2012 8:48pm Mar 7, 2012 8:48pm
Quoting fafarafa
hi guys ,please give me advice - this is a convenient place to buy?

Attachment
I like the Weekly levels and the current Daily IB looks good . .

Should be fun to watch . .
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #108,557
  • Mar 7, 2012 8:51pm Mar 7, 2012 8:51pm
Quoting jarroo
I like the Weekly levels and the current Daily IB looks good . .

Should be fun to watch . .

Price is currently dealing with the 1st target of this Daily IB . .
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy07dtarget.jpg Size: 89 KB
Indicators show the past. Price Action "Indicates" the future.
  • #108,558
  • Mar 7, 2012 8:57pm Mar 7, 2012 8:57pm
Quoting lananpips
Hi John,

attached is the time indicator, if you are using mt4.
i dont have the pivot indicator as i dont use them.
feel free to ask a member directly if you have a question regarding his chart, (ex: indicator), most likely he/she can answer better.
but remember, J16, wants us to eliminate these indicators as much as possible to avoid additional confusion to us, students.
check out Mike's (mbqb11) charts and you will notice that he only uses horizontal lines (for the BRN).

Good Luck.

Allan
Hi Allan,

Thanks a lot.
I delete most indicators and am now using only Fibs, pivots, trendlines, MAs and MACD in my charts. Definitely better to see price.

Thanks and good luck to you.

John
  • #108,559
  • Mar 7, 2012 10:36pm Mar 7, 2012 10:36pm
Quoting jarroo
Hey Paul,

This post from Mike about boxes (or Consolidtion areas) looks very basic and simple . .and it is . .but its very Powerful.

Understanding this one "simple" concept . ."It boxes, breaks out, boxes , breaks out . ." can lead you to many successful trades in the future . .

Welcome.


Jim
Mind blowing stuff Jim...thanks for sharing..
  • #108,560
  • Mar 7, 2012 11:43pm Mar 7, 2012 11:43pm
Quoting Pinbar
Jims. both of them.

Was this PB not trading right into the area between these two confluence boxes with the 365 riding the middle?

I know this is after thought but, this area would have concerned me when I saw the PB.

Just wondering if there are any other reasons it was deemed a good setup apart from the shape of the bar, and the area it came off.
Thats what made the trade so good and an easy one to take, those areas you mentioned, were yet to be reached so at this point you could nearly gurantee where price is going to go, so thats why its worth a shot every day of the week, this one of the most obvious trades in a while, its definately an A class setup but not an A+ obviously because the emas etc were below and not above.
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