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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

  • #109,321
  • Mar 25, 2012 11:11pm Mar 25, 2012 11:11pm
Quoting Pinbar
Yes, Jim!

The 6 ema seems to have pushed price up also on this pair.
I believe it was the market dynamic of Price breaking out of a consolidation area that pushed Price upward . .not the 6 ema . .remember the MAs just react after Price moves not because of it.

But I get what you're saying . .its a good confluencing tool . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,322
  • Mar 25, 2012 11:14pm Mar 25, 2012 11:14pm
Quoting jarroo
I believe it was the market dynamic of Price breaking out of a consolidation area that pushed Price upward . .not the 6 ema . .remember the MAs just react after Price moves not because of it.

But I get what you're saying . .its a good confluencing tool . .

I hear you.

I edited the above post, to show where you may have entered and where the base would have gotten us in.

Patrick states the EMAs are buyers and sellers, so, if we look at them as extra confluence to show us short term and long term supply and demand, I think the extra confluence, could be a great tool. If we use it with discretion and not as a blind signal by itself.

And just for the record for those that do not know, J16 stated that "we can talk about the Base systems all we want".
  • #109,323
  • Mar 25, 2012 11:18pm Mar 25, 2012 11:18pm
Quoting Pinbar
I hear you.

I edited the above post, to show where you may have entered and where the base would have gotten us in.
Yeah, I saw that . .again, its great to have different methods confluencing at the key levels. . .you're on to something good, Pinbar . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,324
  • Mar 25, 2012 11:19pm Mar 25, 2012 11:19pm
Quoting Pinbar
Patrick states the EMAs are buyers and sellers, so, if we look at them as extra confluence to show us short term and long term supply and demand, I think the extra confluence, could be a great tool. If we use it with discretion and not as a blind signal by itself.

Well said . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,325
  • Mar 25, 2012 11:27pm Mar 25, 2012 11:27pm
Quoting jarroo
Well said . .
Indeed, Jarroo, Mike, J16 & Patrick are basically all saying the same thing.

Strange how sometimes, we beat our heads against the slightly different methodologies yet, they all point in the same direction.
  • #109,326
  • Mar 25, 2012 11:52pm Mar 25, 2012 11:52pm
Quoting Pinbar
Indeed, Jarroo, Mike, J16 & Patrick are basically all saying the same thing.

Strange how sometimes, we beat our heads against the slightly different methodologies yet, they all point in the same direction.
You got that right . . ..Strong consolidation areas and swing points . .key levels of the market . .
Indicators show the past. Price Action "Indicates" the future.
  • #109,327
  • Mar 26, 2012 12:06am Mar 26, 2012 12:06am
Let's do a short explanation of the Base system, as to leave people that may be wondering, in the dark, is not cool.
Remember this is only my rough understanding of the base system as taught to me by Seeking Light. Don't trade any of this information with real money.
Demo it all you want, but live trading it, is in now way being recommended in this, & following posts.
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  • #109,328
  • Edited 1:10am Mar 26, 2012 12:48am | Edited 1:10am
Ok here is the last explanation on the base system as I have to prepare to teach at a university tomorrow.

This is not really like an MA crossover system as we are waiting for price to come back to the EMAs rather than just taking an entry at the cross.

Hope someone gets something out of this brief base system explanation.


Note that: Using the touch of the EMAs is nothing new, the touch of the 365 or 150 EMAs combined with S&R & PA as a signal confirmation are the very core of the J16 methodology.
The 365 & 150 EMAs are basically floating pivots, which we use as confluence.
The 6 25 & 50 base system is totally inline with this, it is just that they are faster EMAs and tend to show us the trend more clearly than the giant mobile 365 & 150. Think of the faster EMAs as a speedboat as opposed to the larger TF EMAs being Gigantic and slower moving Ocean Tankers.

Now, I think of it, I have seen Patrick using the 6 EMA as the trigger on the daily. But for the purposes of the basics, I think it is probably better to start with the slower EMAs on the daily.
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  • #109,329
  • Mar 26, 2012 1:11am Mar 26, 2012 1:11am
Quoting Pinbar
Ok here is the last explanation on the base system as I have to prepare to teach at a university tomorrow.

Hope someone gets something out of this brief base system explanation.

Now, I think of it, I have seen Patrick using the 6 EMA as the trigger on the daily. But for the purposes of the basics, I think it is probably better to start with the slower EMAs on the daily.

Note that: Using the touch of the EMAs is nothing new, the touch of the 365 or 150 EMAs combined with S&R & PA as a signal confirmation are the very core of the J16 methodology.
The...
great teaching .thanks for sharing .
A chart helps those who can read it.
  • #109,330
  • Mar 26, 2012 1:18am Mar 26, 2012 1:18am
Quoting geniusztc
great teaching .thanks for sharing .

Just talking to myself.
Glad you like it Gen

By the way the GBP/JPY really seems to love the base system and you can find many good setups. Especially off of the 150 EMA.

This is not the GBP/JPY but I think even Jarroo will like this setup.

It is just another confirmation tool, which I have become to understand only just today.

Just like Jarroo, does not just enter a TT anywhere on the chart, this system requires the same understanding of S&R. It is not the magic bullet just as much as neither is PA taken at random on the charts. I think it can help us gain confidence in a setup.
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  • #109,331
  • Mar 26, 2012 1:31am Mar 26, 2012 1:31am
Quoting Pinbar
Yes, Jim!

The 6 ema seems to have pushed price up also on this pair.
Or we could look at this as 3 visits into a monthly supply zone, which has eventually exhausted the sell orders, allowing prices to break through.

Lots of ways to look at how price behaves which is why i enjoy this stuff so much. Really interesting.
Amazing how so many complex and wonderful analysis can be applied to the simple concept of "how much people want to pay for something".
  • #109,332
  • Mar 26, 2012 1:43am Mar 26, 2012 1:43am
Here is one I have confirmed that I learned from Seeking Light.

You can see how the regular FTB to the 150 is really just the same thing.
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  • #109,333
  • Mar 26, 2012 1:53am Mar 26, 2012 1:53am
I have also heard the base system described as a Timing Device.

If we think about it, this is very interesting.
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  • #109,334
  • Edited 2:10am Mar 26, 2012 1:54am | Edited 2:10am
Quoting beebolbod
Or we could look at this as 3 visits into a monthly supply zone, which has eventually exhausted the sell orders, allowing prices to break through.

Lots of ways to look at how price behaves which is why i enjoy this stuff so much. Really interesting.
Amazing how so many complex and wonderful analysis can be applied to the simple concept of "how much people want to pay for something".

This is actually J16's base system which he uses a variation of.
Do you think he would use it and teach it, if it didn't work?

Yes, we can think about it any way we like, or not think about it, for that matter.
It is up to the individual.

Like they say, "you can lead a horse to water but, you can't make it drink".

I am not trying to convert you or anyone else Beebold.
You are free to believe whatever you like, as indeed, so am I.

You know, I really do not care less who does or does not, want to think about it, I am just giving new people an opportunity to know about it.

And as for it being a simple matter of how much people want to pay for something, do you consider this to be any different. I don't. It is exactly that. If you understand it.

Thanks for reminding me why, seeking light probably stays away from this thread.
  • #109,335
  • Mar 26, 2012 2:25am Mar 26, 2012 2:25am
Please dont go too far into EMA system trading, newbies reading these last couple of pages will be dumbfounded and think J16 is a EMA following system, which we all know is far from it. To save any newbies getting trapped, maybe a new thread with this EMA following system, rather than J16, and only use EMAs here as per the letter which was confluence of an area/price action bar
  • #109,336
  • Mar 26, 2012 2:34am Mar 26, 2012 2:34am
Quoting deankenny21
Please dont go too far into EMA system trading, newbies reading these last couple of pages will be dumbfounded and think J16 is a EMA following system, which we all know is far from it. To save any newbies getting trapped, maybe a new thread with this EMA following system, rather than J16, and only use EMAs here as per the letter which was confluence of an area/price action bar
Quoting james16
you can talk about the base system here anytime you want.

jim
J16 has already stated personally, I can talk about the base system as much as I like.
Why are you continually hounding me?
I did not want to bring this up again. However, you are forcing my hand here.
Remember, you are not the proprietor of this thread nor a senior member of the PF. What gives you the right to tell someone to do or not do anything in this thread? The answer is, nothing.

I think J16 has a greater say here than you my friend.
  • #109,337
  • Mar 26, 2012 2:42am Mar 26, 2012 2:42am
Quoting Pinbar
This is actually J16's base system which he uses a variation of.
Do you think he would use it and teach it, if it didn't work?
did i suggest that anywhere?

Quoting Pinbar
Yes, we can think about it any way we like, or not think about it, for that matter.
It is up to the individual.

Like they say, "you can lead a horse to water but, you can't make it drink".

I am not trying to convert you or anyone else Beebold.
You are free to believe whatever you like, as indeed, so am I.
I enjoy your teachings and repeating of others teachings. why you feel the need to spoil it all with stuff like this is beyond me. I note with interest who you chose to reserve comments such as this for.

Quoting Pinbar
You know, I really do not care less who does or does not, want to think about it, I am just giving new people an opportunity to know about it.
Once again, the pointless abrasive side - lighten up. I was simply enthusing about the myriad ways we have to interpret the market. If it came across as anything different then you should show me how and i can look at how i word things differently. There are forums i visit where i'm happy to unleash my dirty side - here is not that place and if i somehow offended you i'd like to know how.

Quoting Pinbar
And as for it being a simple matter of how much people want to pay for something, do you consider this to be any different. I don't. It is exactly that. If you understand it.
What is your message here PB? It's coming across abrasively again but it's a bit more cryptic this time.
Once again i was just making comment on how great it is that so many systems exist to interpret price. No clear reason for sniping.

Quoting Pinbar
Thanks for reminding me why, seeking light probably stays away from this thread.
And that's just rude. I try to be constructive here, help where i can, applaud those who i admire, learn from anyone, add positives if i can, post setups i find, stimulate debate etc etc.
I see no reason why you make comments like that.
  • #109,338
  • Mar 26, 2012 2:46am Mar 26, 2012 2:46am
Quoting Pinbar
J16 has already stated personally, I can talk about the base system as much as I like.
Why are you continually hounding me?
I did not want to bring this up again. However, you are forcing my hand here.
Remember, you are not the proprietor of this thread nor a senior member of the PF. What gives you the right to tell someone to do or not do anything in this thread? The answer is, nothing.

I think J16 has a greater say here than you my friend.
Hounding you!

are you sure?

you have non stop picking on me, and you turn around and say im hounding you. Im quite frankly lost for words.

I think you need to get away from your computer get some fresh air, come back with a clear mind.
  • #109,339
  • Mar 26, 2012 2:47am Mar 26, 2012 2:47am
An MA crossover system now?


Shame on you, Pinbar

Shame on anyone who tries so to mislead and deceive in this way.

I'm disgusted
  • #109,340
  • Mar 26, 2012 2:49am Mar 26, 2012 2:49am
Quoting beebolbod
did i suggest that anywhere?



I enjoy your teachings and repeating of others teachings. why you feel the need to spoil it all with stuff like this is beyond me. I note with interest who you chose to reserve comments such as this for.


Once again, the pointless abrasive side - lighten up. I was simply enthusing about the myriad ways we have to interpret the market. If it came across as anything different then you should show me how and i can look at how i word things differently. There are forums i visit where i'm happy to unleash my dirty side...

Oh you don't. Well then I shall remind you ONCE AGAIN, that you title of senior member has nothing to do with this thread, nor the PF.
And, you have no clout around here so, please stop trying to tell me what to do or not to do. Especially as, I have already been told by J16 that I can talk about the base system.
Jarroo and I are discussing the confluence factor of J16's base system, in a perfectly acceptable manner.

That is all I am asking.

Do yourself a favor and forget that you are or ever were a senior member of this thread. Because, you were and are not.


Seems quite normal to me.
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