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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

  • #109,261
  • Mar 23, 2012 10:39am Mar 23, 2012 10:39am
thank you very much Ifmyante,
enlightening to say the list. I'm sorry if you broke the rules to post that, but I asked because I think this is the best way to learn, to see what and how. Is this something reserved for the PF?
thank you again!
regards
  • #109,262
  • Mar 23, 2012 10:50am Mar 23, 2012 10:50am
Quoting heaven
thank you very much Ifmyante,
enlightening to say the list. I'm sorry if you broke the rules to post that, but I asked because I think this is the best way to learn, to see what and how. Is this something reserved for the PF?
thank you again!
regards
No problem H

I don't imagine it's in the PF.

You can easily find more about it though

Best

If
  • #109,263
  • Mar 23, 2012 11:47am Mar 23, 2012 11:47am
Quoting Ifmyante
I shouldn't really be posting the setup here, as it's not what's taught here.
But look around and you'll find an explanation for it.

Re sl and tg, see chart

Best

If
Very nicely done. I'd argue that you're actually trading exactly what's taught here, just without bar confirmation that most of us use for entry.

PPZ - arguably the most important concept.
BRN - of 85.00, another key concept and nice location to look for reaction.
  • #109,264
  • Mar 23, 2012 11:57am Mar 23, 2012 11:57am
Quoting Donkey
Very nicely done. I'd argue that you're actually trading exactly what's taught here, just without bar confirmation that most of us use for entry.

PPZ - arguably the most important concept.
BRN - of 85.00, another key concept and nice location to look for reaction.
Yup. Both ways of looking at the market are very similar.

I suppose the SD method just lets you get in on the very highs and lows.

But hey, it all works
  • #109,265
  • Mar 23, 2012 12:29pm Mar 23, 2012 12:29pm
Quoting bullzeye
excellent thread guys ...will try to follow.

took this one GBP/NZD after the PB on daily

Attachment
Hey bullzeye, good to see to here.

Welcome to the j16 thread..
  • #109,266
  • Mar 23, 2012 12:37pm Mar 23, 2012 12:37pm
Ifmyante,

In terms of your actual entry (CAD/JPY), was it set and forget in respect of the previous Supply Level.

Or did you monitor price and sold at market when high was reached.

That entry is spot on, but could so easily have been missed (sometimes price does not have the legs to reach previous highs). Is there a criteria for this type of entry?.

Entering a sell at the very top of a Demand level is highly likely to be missed.

Excellent work guys, great charts, analysis and learning going on here!

Steve
Enter Signature
  • #109,267
  • Mar 23, 2012 12:47pm Mar 23, 2012 12:47pm
Quoting Mrgreener
Ifmyante,

In terms of your actual entry (CAD/JPY), was it set and forget in respect of the previous Supply Level.

Or did you monitor price and sold at market when high was reached.

That entry is spot on, but could so easily have been missed (sometimes price does not have the legs to reach previous highs). Is there a criteria for this type of entry?.

Entering a sell at the very top of a Demand level is highly likely to be missed.

Excellent work guys, great charts, analysis and learning going on here!

Steve
Thanks Steve

I wasn't aiming for the high at all.

I simply looked into that previous high's LTF PA, and found the point where that high was decided to be too expensive. Had it reached the actual high, I wouldn't've been too impressed.

If you find my explanation of it, you'll understand better. Look at the second chart to see why and where I sold

Best

If
  • #109,268
  • Mar 23, 2012 1:23pm Mar 23, 2012 1:23pm
I looked at the lower TF chart and I get it now, can see the lower TF Supply level, just below the big RN, and of course at Weekly resistance.

This is a great example of monitoring higher TF's when price is nearing PPZ's (resistance), RN's with expectation.

Then monitoring the lower TF to finesse the story and validate your decision.

And highlights the importance of planning a trade, and increases my confidence in PA trading (and S/D). I like PA trading just like James, Mike, Jim et al teaches. Will also try an S/D trade when opportunity allows.

Thanks all and have a great weekend.
Steve
Enter Signature
  • #109,269
  • Mar 23, 2012 1:26pm Mar 23, 2012 1:26pm
Quoting Mrgreener
I looked at the lower TF chart and I get it now, can see the lower TF Supply level, just below the big RN, and of course at Weekly resistance.

This is a great example of monitoring higher TF's when price is nearing PPZ's (resistance), RN's with expectation.

Then monitoring the lower TF to finesse the story and validate your decision.

And highlights the importance of planning a trade, and increases my confidence in PA trading (and S/D). I like PA trading just like James, Mike, Jim et al teaches. Will also try an S/D trade when opportunity...
I'm glad you get it.

Have a great weekend
  • #109,270
  • Mar 23, 2012 3:30pm Mar 23, 2012 3:30pm
Hi,
what do you think about this one ?
I will try to catch some fast pips if it breaks on monday.

Regards,
Peter

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  • #109,271
  • Mar 23, 2012 3:34pm Mar 23, 2012 3:34pm
Hey guys , What do you think abt this BUOB formation on H4 of AUDJPY ??? MIKE ?
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Human
  • #109,272
  • Mar 23, 2012 4:20pm Mar 23, 2012 4:20pm
Quoting Chanya
Hey guys , What do you think abt this BUOB formation on H4 of AUDJPY ??? MIKE ?
I'm not against it, but I'm sure not for it either
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  • #109,273
  • Mar 23, 2012 5:21pm Mar 23, 2012 5:21pm
Ifmyante, You mentioned in Your CADJPY chart that You will hedge around 80.50 - 81.00 level. can You tell me more about it? You will not close position but will trade long for possible correction move ? never applying hedge in my trading but... maybe I should?
all is eternal - this is good news for people who loves bad news
  • #109,274
  • Mar 23, 2012 8:34pm Mar 23, 2012 8:34pm
All of the Yen pairs showing bullish PBs. GBPJPY at a lot of confluence. 130.000 BRN level, and a big previous PPZ level. One to watch of all yen. My feel is there is a lot of big money behind the moves, they will want to to go one way.

USDJPY at a BRN and PPZ too. hmmmmm
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  • #109,275
  • Edited 11:22pm Mar 23, 2012 10:56pm | Edited 11:22pm
James, why are you newly incorporating diagonal trendiness into your trading. Could you please share your reasons for doing so? I thought that they didn't carry as much weight as horizontal R/S.
  • #109,276
  • Mar 24, 2012 2:39am Mar 24, 2012 2:39am

EU: bearish is no its way ,unless price stand above 1.35.
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A chart helps those who can read it.
  • #109,277
  • Mar 24, 2012 6:18am Mar 24, 2012 6:18am
Quoting meshka
Ifmyante, You mentioned in Your CADJPY chart that You will hedge around 80.50 - 81.00 level. can You tell me more about it? You will not close position but will trade long for possible correction move ? never applying hedge in my trading but... maybe I should?
Hedging is a very complex subject, and the best guy to refer to in this is, of course, Kenny Z.

I'll only be hedging it because I see lots of possible trouble on the way to my ultimate TG, and I don't want to see price come back too close to my entry without keeping my profits.

Hedging though is not something that can be done on a whim. If it's not planned and executed perfectly, it can strip your profits and cost you in the end.
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  • #109,278
  • Mar 24, 2012 9:29am Mar 24, 2012 9:29am
Quoting fxterrapin
James, why are you newly incorporating diagonal trendiness into your trading. Could you please share your reasons for doing so? I thought that they didn't carry as much weight as horizontal R/S.
Hey Fxt

James has always used trendlines, just another tool to have. I won't put words into James mouth but he would say side to side support and resistance is the KEY but you want to combine that with all forms of confluence. That's all we are trying to do as traders, find key areas and look for high probability entries then manage accordingly.

Best
Mike
  • #109,279
  • Mar 24, 2012 10:27am Mar 24, 2012 10:27am
Quoting mbqb11
Hey Fxt

James has always used trendlines, just another tool to have. I won't put words into James mouth but he would say side to side support and resistance is the KEY but you want to combine that with all forms of confluence. That's all we are trying to do as traders, find key areas and look for high probability entries then manage accordingly.

Best
Mike
Great stuff Mike, If you ever decide to write a book, put me down for 10 copies!

Do you think that the 4hr pins on the yen pairs is to weak, and the retracement will continue? The pins are not that large, but do have confluence.
  • #109,280
  • Mar 24, 2012 10:31am Mar 24, 2012 10:31am
Quoting heebbyjeeby
Great stuff Mike, If you ever decide to write a book, put me down for 10 copies!

Do you think that the 4hr pins on the yen pairs is to weak, and the retracement will continue? The pins are not that large, but do have confluence.
Im not saying the pairs are not going to go back up, but lets look at one fact we are facing with these 4hr pinbars, when did these pinbars occur, in probably the quietest time of trading friday evening, running into closing time with all players out the market and already having an early weekend, i never ever put any weight on pinbars after 5pm GMT Fridays.
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