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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

  • #117,161
  • Sep 3, 2012 11:31am Sep 3, 2012 11:31am
Quoting beebolbod
Not only was it controversial but it was also bullshit.

I'm not saying one method is better than any other but one must have ones facts straight.

And 20-30p SL is nothing special m8. Really.

All i was saying originally is that if 1 *experienced* person is getting publicly confused then there will be many more silently struggling, and putting out the idea to switch back to original J16 or something else for that one person.

Not knowing where SD clusters are is suicide btw.
That Is why I removed it ... I realized it might start an argument ...
Human
  • #117,162
  • Sep 3, 2012 11:42am Sep 3, 2012 11:42am
Quoting rafstraszek
o.O Are you taking be as winning trades - or you really meant that this 19% is loses + be ??

I don't think he meant supply and demand as method - more like a point of view (supply turning demand etc.)...in the end - we basically doing this same as Mike, James, but a little different We are more like...hmm...snipers - to the pip - aim - and BAMM!!!

I am confused ... I was never good at maths ... Would it make a difference which side BE trades belonged to ??? I did not account for that ...

With all due respect , Mike and J16 as far as I know does not trade SD ... They trade and teach J16 material ... SD is different ...
Human
  • #117,163
  • Sep 3, 2012 11:49am Sep 3, 2012 11:49am
Quoting mbqb11
Bingo Rust

It's all good stuff guys, concepts(their are a LOT of them) are important

Then what I say is to get good and consistent it's blending these concepts James has showed us. We all just put our spin on it when we feel more complete as a trader.

If you are new coming to this thread, start at post 1 get your footing under you. THen you will see there are many ways and approaches to this.

Touch trades, retracement entries, break entries, breakout patterns, price flips, confluence, the list is long. Also everyone who is new take it slow...
Working on it, at page 120 and counting also watched the vids in the J16 guest area. All great stuff. Many, many thanks to all that contribute here I have learned a ton already. I hope to be contributing when I get up to speed. Which will be awhile because there is a lot to learn and absorb. Thankfully I'm in no hurry the markets aren't going anywhere and there is always another setup around the corner. That said I'm definately enjoying it so far!!
  • #117,164
  • Sep 3, 2012 12:00pm Sep 3, 2012 12:00pm
Quoting Chanya
I am confused ... I was never good at maths ... Would it make a difference which side BE trades belonged to ??? I did not account for that ...

With all due respect , Mike and J16 as far as I know does not trade SD ... They trade and teach J16 material ... SD is different ...
well we are all in some regards trading similar things. THat's what people forget> it's all VERY overlapping as there is only so much the market can do. BUyers and sellers. I think putting too much into the "names" we use is where people get into these back and forths

The name of the game is to make money. If that means you take a piece from us, a piece from somewhere else then that's all good. But the thing we want to always stress here in this thread is to treat this as a business. The day we stop making that the number one priority is the day we get away from what James started and keeps going here



Mike
  • #117,165
  • Sep 3, 2012 12:00pm Sep 3, 2012 12:00pm
Quoting fortunateson
Working on it, at page 120 and counting also watched the vids in the J16 guest area. All great stuff. Many, many thanks to all that contribute here I have learned a ton already. I hope to be contributing when I get up to speed. Which will be awhile because there is a lot to learn and absorb. Thankfully I'm in no hurry the markets aren't going anywhere and there is always another setup around the corner. That said I'm definately enjoying it so far!!
Awesome Fortunateson. Welcome to the thread

Mike
  • #117,166
  • Sep 3, 2012 1:08pm Sep 3, 2012 1:08pm
Quoting HanSolo
You were right, Jarroo. I underestimated the power that's still in the AUD pairs.

I moved my stops on AUDCHF to 0.9884 and AUDUSD to 1.0333.
I underestimated the AUD pairs yesterday and maybe I'm doing it again. But as I am already more than 3:1 in the black I'm not willing to give back that much profit. I'm going to bed soon. So I moved my stop on AUDCHF to 0.9813 based on the 4hr closes.

Everyone have a nice day/evening/good night ,
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #117,167
  • Edited 2:34pm Sep 3, 2012 1:20pm | Edited 2:34pm
Quoting Pinbar
Jim

Please see the chart and understand that, I was not meaning to insult anything. I was simply trying to understand where the level is you are . .and you wrote on the chart, "Close of price entry".
Quoting Pinbar
Yes, basically that is why I can not understand . Totally confused.



.
Quoting jarroo
Notice that the entry on the Close was valid because of the previous day's (Friday's) Daily Close Confirmation of Support. .
Do you understand the Daily Close Confirmation?? I don't blame you if you don't understand it, because I haven't talked about it much on this Thread mainly just in the PF. . . .. .some have asked about it here and I've tried to help.

Daily Close Confirmation has an "entry on the Close" option . .I shouldn't have brought it up . .just ignore that entry on the close.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #117,168
  • Sep 3, 2012 1:24pm Sep 3, 2012 1:24pm
Quoting rafstraszek

He also thinks that A bar close should be more relevant because it was also whole week close...

..
The Weekly Close Above your yellow line. . .but the point was I never talked about using Weekly TF.
Indicators show the past. Price Action "Indicates" the future.
  • #117,169
  • Sep 3, 2012 1:33pm Sep 3, 2012 1:33pm
Quoting DaGrizlyBull
What do you guys think of this? I noticed Mike's concepts go well with Jaroo's PBT concepts. (Trendline touches become LCS s ). After all, PA is PA and all should go along smoothly, right?

I would have entered on the retest of the last touch of the TL (LCS) when the PBT CB occured, then manage my trade watching those next TL touches, all the way down to the assumed target of the H&S pattern.

I don't know where i should have placed my stop. Above the TL , or all those previous bar's highs?

Attachment

My method is 90% Mike's and James16's stuff .. good for you for seeing the correlation . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,170
  • Sep 3, 2012 1:34pm Sep 3, 2012 1:34pm
Hello Jim,

Looks like this one is working out well (Still early in the week).

The weekly close last friday was just 6 pips below last LCS. Agonised over the trade and thought it better to take more convincing closes.

Will watch to see where price goes now!

Cheers,
Ganesh
Attached Image (click to enlarge)
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  • #117,171
  • Sep 3, 2012 1:48pm Sep 3, 2012 1:48pm
Quoting gasgas
lol such a fuzz about 1 chart.

I only see good long trade (at green level) and FTA at yellow. Green HCR is closer swing point, there for more probably to hold. Sure im talking after the fact but i would trade it like that if i saw it yesterday

Sorry gasgas . .I'm confused by the simplicity of you chart . .

. .just kidding . .great clear chart .
Indicators show the past. Price Action "Indicates" the future.
  • #117,172
  • Sep 3, 2012 1:55pm Sep 3, 2012 1:55pm
Quoting C-12
I like Jim's method and have been demo'ing a bit. It is actually just a form of supply and demand trading... (price breaking through daily supply or demand levels and then retesting them to collect the unfilled orders).

It works great in a trending market and you don't need to spend much time on the PC.

If the levels appear confusing then I just move on and look for a pair with cleaner levels.
I'm not sure what supply and demand trading actually is and this method works fantastically in a trending market . .

. . but what I was trying to show Pinbar was the "birth" of a new trend . . a market shift. Much like the EurAud and EurNzd which were easy to see after the fact. The EurSek presented an opportunity to show this "birth" before the fact.
Indicators show the past. Price Action "Indicates" the future.
  • #117,173
  • Sep 3, 2012 1:58pm Sep 3, 2012 1:58pm
Jarroo do like this Trade on USDSGD?

THX.
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  • #117,174
  • Sep 3, 2012 2:04pm Sep 3, 2012 2:04pm
Quoting HanSolo
I think AUDUSD is arriving at a significant area. I moved my stop to 1.0290 to secure some profit. I will take full profit at 1.0218.

The 1.0220 Lowest Close of Support level (or near it) would be a great exit Hans . .Why? . because if Price Breaks Through and Closes Below it you can always get back in it . .win/win . .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #117,175
  • Sep 3, 2012 2:08pm Sep 3, 2012 2:08pm
Quoting jarroo
I'm not sure what supply and demand trading actually is and this method works fantastically in a trending market . .
Jarroo, supply and demand levels are areas where price moved with strength leaving unfilled orders behind. When price returns to these levels price reacts again due to the residing unfilled orders.

Here's the EURUSD weekly chart. Notice these levels where price turned were areas where price reacted before.

You'll see this on every chart, in every market and every timeframe.
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  • #117,176
  • Sep 3, 2012 2:10pm Sep 3, 2012 2:10pm
and one more trade for today.

chart:
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  • #117,177
  • Sep 3, 2012 2:10pm Sep 3, 2012 2:10pm
Quoting extremerrage
accept my appologies to give my opinion about the nuclear stuff you are debating guys..my broker doesnt provide euro,sek but looking @the chart i can have some observations..first the trend is going up and it formed dblhc.then it raised to 83360 and it created a false break out of the resistance then it retested the dblhc and created a buob, and by looking @ this formations i can say it is a swing failure or 123 pattern supported by a buob and abreakthrought so what the idea behind selling then if we know that price created already a low +hight+...
Great observation extremerrage.
Indicators show the past. Price Action "Indicates" the future.
  • #117,178
  • Sep 3, 2012 2:10pm Sep 3, 2012 2:10pm
Quoting C-12
Jarroo, supply and demand levels are areas where price moved with strength leaving unfilled orders behind. When price returns to these levels price reacts again due to the residing unfilled orders.

Here's the EURUSD weekly chart. Notice these levels where price turned were areas where price reacted before.

You'll see this on every chart, in every market and every timeframe.
yes it really is just another way to say support and resistance.

I know people who call it SD seem to not want to say that, I'm not sure why though

Whatever the words we use, as long as we can recognize strong areas and areas of confluence we are putting ourselves in a good position

Mike
  • #117,179
  • Sep 3, 2012 2:22pm Sep 3, 2012 2:22pm
Quoting Chanya
I am confused ... I was never good at maths ... Would it make a difference which side BE trades belonged to ??? I did not account for that ...

With all due respect , Mike and J16 as far as I know does not trade SD ... They trade and teach J16 material ... SD is different ...
No, no - I meant that sd, j16 or pbt - base is this same...well I think so at least...I didn't spend much time at sd...for me it was just similar to ppz/trouble areas/space concept - but different names, maybe approach...

And if you have 9 trades - 3 loses, 3 winners, 3 be - winners are 33% (all trades), if be as winner - winners 66%, if we don't even consider be trades in our math, than we have only 6 trades - winners 50%...
  • #117,180
  • Sep 3, 2012 2:28pm Sep 3, 2012 2:28pm
Quoting brzvadeg
Attachment

Hi,Jarroo! I have a question for you! On the basis of your trade you would buy on a pullback to the re-test any of these 2 level? if not, why not?
Thanks in advance for your reply.
Hey brzvadeg . .I would have prefered a bigger build of consolidation but you could be still long at this entry. . .but also out for a loss.

Let me know if you understand these charts . .

Jim
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
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