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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

  • #119,281
  • Sep 30, 2012 12:11am Sep 30, 2012 12:11am
Quoting mbqb11
bit late going through my stock charts

I like the beob size but confluence wise it's a bit lacking. For this reason be very aware of your trouble areas when game planning. Here is what I see


Best
Mike
Thanks Mike. I haven't been back to the charts yet. Had to get the pool closed down today. I did mark up the trend line after posting and was just thinking today "what was the story" to get past that trend. We'll see..
  • #119,282
  • Edited 1:37am Sep 30, 2012 12:58am | Edited 1:37am
What I am thinking is, can we project these areas by using an upside down fibo. Like this at a substantial SP?


I am not going off track with this, just interested in seeing if it can be done or, if there is no fact in it.
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  • #119,283
  • Sep 30, 2012 2:00am Sep 30, 2012 2:00am
Just looking at this daily SP.
I shall keep my eye on it next week.
As I am using only the extensions of the fibo, this is not a correctly drawn fibo.
Looks like we have more winners than failed TTs.
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  • #119,284
  • Sep 30, 2012 2:25am Sep 30, 2012 2:25am
Quoting DaGrizlyBull
There are 2 interpretations to each. I don't really know yet which one's are right.

PBT = Pure Badass Troll
CA = Cheeky Alien
HCR = Happy Clown Rehab
LCS = Little Crop of Sugar
SFP = Swarm of Fleeing Pimps

or

PBT = Price breaks through
CA = Close above
HCR = Highest Close Of Resistance
LCS = Lowest Close of Support
SFP = no idea


For a complete list of terms, check Pinbar's Signature for this link:
http://www.forexfactory.com/showthre...57#post5442457

GL
For a minute there, I thought my text to speech software had gone nuts!
  • #119,285
  • Sep 30, 2012 2:45am Sep 30, 2012 2:45am
Hey everyone,

Can I ask, has anyone had any experience using software called forextester with the J16 methods? Not in terms of automated testing, but in terms of price action 'trading' and to what extent the charts hold true to your MT4 charts.

I ask because we're trying to find methods and software to develop modules for, that visually impaired traders can use to test PA methods at their own pace without real money. Although after some initial investigation it seems like a decent option, we were hoping some of you guys had some experience we could base decisions on.

The data imported into the tool is from a broker, and although not tick data, is M1 (then calculated into all other TFs) which I thought wouldn't make much of a difference seeing as us noobs (should really) stick to daily/weekly charts

Of course, opening up demo accounts in MT is a viable option, however there would be huge learning benefits in being able to control time virtually for this purpose - not only in terms of trading skills, but also in terms of visually impaired charting skills whilst simultaneously being able to action trades 'in the past' without 'seeing the future'.

Oh my goodness, not sure if this makes sense - the more I try to explain, the more I feel like Dr. Emmett Brown!

Thanks in advance,
Greg
  • #119,286
  • Edited 6:06am Sep 30, 2012 3:27am | Edited 6:06am
Hi, Greg

I just made a sound file with all the terminology of J16 and Jarroos terminology on it for you. Hoped it would save you the fate of having to listen to a Stephen Hawkins type computer generated voice.

Edit: There again, you will have to listen to my horrible voice. LOL


I managed to zip it up and the site accepted the file.
Hope this helps.



Take care


Steve
Attached File(s)
File Type: zip Terminology sound file for Greg.zip   3.2 MB | 645 downloads
  • #119,287
  • Sep 30, 2012 3:57am Sep 30, 2012 3:57am
Quoting Pinbar
Hi, Greg

I just made a sound file with all the terminology of J16 and Jarroos terminology on it for you. Hoped it would save you the fate of having to listen to a Stephen Hawkins type computer generated voice.

I managed to zip it up and the site accepted the file.
Hope this helps.



Take care


Steve
Shelley Hawkins does the talking here Steve ;-) ... in more ways than one! Delete, delete ...

You're amazing - thanks a million for the time and trouble. It's been downloaded, saved and pinned to my desktop.

How you guys continue to do what you do in terms of helping and teaching is beyond me, but I know I speak for everyone when I say it is incalculably appreciated.

Cheers,
Greg

P.S. The Mrs. reckons you sound way sexier than Shelley by the way! Don't argue, she has the ultimate word - trust me...
  • #119,288
  • Sep 30, 2012 3:58am Sep 30, 2012 3:58am
Quoting mbqb11
Hey Faheem

This is not so much a strategy as it is a string of concepts that must be learned both individually then learned to blend together into a method. This thread is big so it is tough to follow but the best to do is follow through the first few hundred pages and pay specific attention to James16 posts

The guest videos are all up and working so my recommendation is to try a different browser as sometimes these computer machines we use can be silly like that. And dont forget to ask questions as you go

Best of luck
Mike
Dear Mike,
thank you for your reply...

I switched to chrome and managed to view the vids on James16 site...

I will go theough the 100 pages as you recommend and take it from there...

thanks again and best regards...

Faheem
  • #119,289
  • Sep 30, 2012 4:18am Sep 30, 2012 4:18am
Quoting fx-greg
Shelley Hawkins does the talking here Steve ;-) ... in more ways than one! Delete, delete ...

You're amazing - thanks a million for the time and trouble. It's been downloaded, saved and pinned to my desktop.

How you guys continue to do what you do in terms of helping and teaching is beyond me, but I know I speak for everyone when I say it is incalculably appreciated.

Cheers,
Greg

P.S. The Mrs. reckons you sound way sexier than Shelley by the way! Don't argue, she has the ultimate word - trust me...
She must have me confused with a Bullfrog, who's voice must sound decidedly sexier.

Glad you could pull in the file.

Got to go to family do, Here in China the family is like the mafia.
Only problem is I hardly understand what anyone says.
I think I need Shelly to translate.

See you later


Steve
  • #119,290
  • Sep 30, 2012 4:57am Sep 30, 2012 4:57am
Quoting fx-greg
Hey everyone,

Can I ask, has anyone had any experience using software called forextester with the J16 methods? Not in terms of automated testing, but in terms of price action 'trading' and to what extent the charts hold true to your MT4 charts.

I ask because we're trying to find methods and software to develop modules for, that visually impaired traders can use to test PA methods at their own pace without real money. Although after some initial investigation it seems like a decent option, we were hoping some of you guys had some experience we...
Hi Greg, I'm using Forex Tester. It emulates Meta Trader but has a few tiny downsides (e.g. not so many shortcuts and functions). But for strategy testing it's invaluable as you can switch between timeframes easily while testing and you can set the speed that it takes for a bar to be created. I haven't compared my MT feed with the FT feed yet but price action trading works out very well with it. I don't know how easy it would be to create modules for FT but the guys at forextester.com can surely help you out.

Best,
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #119,291
  • Sep 30, 2012 5:17am Sep 30, 2012 5:17am
Quoting HanSolo
Hi Greg, I'm using Forex Tester. It emulates Meta Trader but has a few tiny downsides (e.g. not so many shortcuts and functions). But for strategy testing it's invaluable as you can switch between timeframes easily while testing and you can set the speed that it takes for a bar to be created. I haven't compared my MT feed with the FT feed yet but price action trading works out very well with it. I don't know how easy it would be to create modules for FT but the guys at forextester.com can surely help you out.

Best,
Hans
Hi Hans,

Very valuable, thanks. Does the price action work out well on smaller timeframes than daily as well? I probably won't be subscribing to their tick data if we go with them. M1's are fine to build H1's and upwards with I think and that's included in the price.

Your point is exactly the reason we're considering it, or a similar application. We need something where the actual trade time can be accelerated or slowed down. The problem is that whilst using voice-over, MT blurts out the price of whichever candle you might might mouse-over accidentally. No point in watching if you already (accidentally) know whodunnit.

With an app like this, the 'past' is effectively still 'future' and that 'future' is still unknown - mouse-over or not.

Cheers,
Greg
  • #119,292
  • Sep 30, 2012 5:33am Sep 30, 2012 5:33am
Quoting Pinbar
She must have me confused with a Bullfrog, who's voice must sound decidedly sexier.

Glad you could pull in the file.

Got to go to family do, Here in China the family is like the mafia.
Only problem is I hardly understand what anyone says.
I think I need Shelly to translate.

See you later


Steve
Apparently you sound like 'Charlie' in Lost - but I have no idea who that is :-(
  • #119,293
  • Sep 30, 2012 5:53am Sep 30, 2012 5:53am
Quoting fx-greg
Shelley Hawkins does the talking here Steve ;-) ... in more ways than one! Delete, delete ...

You're amazing - thanks a million for the time and trouble. It's been downloaded, saved and pinned to my desktop.

How you guys continue to do what you do in terms of helping and teaching is beyond me, but I know I speak for everyone when I say it is incalculably appreciated.

Cheers,
Greg

P.S. The Mrs. reckons you sound way sexier than Shelley by the way! Don't argue, she has the ultimate word - trust me...
Dude , what an awesome person to choose a quote from in your signature ...
Human
  • #119,294
  • Sep 30, 2012 6:05am Sep 30, 2012 6:05am
Quoting fx-greg
Hi Hans,

Very valuable, thanks. Does the price action work out well on smaller timeframes than daily as well? I probably won't be subscribing to their tick data if we go with them. M1's are fine to build H1's and upwards with I think and that's included in the price.
Hi Greg, I'm using FT without tick data mostly for demo on 1h up to daily timeframes. And this works fine. If you think M1's are not sufficient you can always upgrade to the tick data. BTW, there's also a forum on forextester.com (Link).

All the best,
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #119,295
  • Sep 30, 2012 6:08am Sep 30, 2012 6:08am
Quoting Chanya
Dude , what an awesome person to choose a quote from in your signature ...
The best man that never lived. Here's to Albus Percival Wulfric Brian Dumbledore!
  • #119,296
  • Sep 30, 2012 6:47am Sep 30, 2012 6:47am
Quoting fx-greg
Apparently you sound like 'Charlie' in Lost - but I have no idea who that is :-(
That makes two of us but, I am always lost. It becomes comfortable after a while.
  • #119,297
  • Sep 30, 2012 6:48am Sep 30, 2012 6:48am
Quoting HanSolo
Hi Greg, I'm using FT without tick data mostly for demo on 1h up to daily timeframes. And this works fine. If you think M1's are not sufficient you can always upgrade to the tick data. BTW, there's also a forum on forextester.com (Link).

All the best,
Hans
Thanks Hans - I'll stick to M1 data for now too. You've been a great help - I'll see what I can get out of the blog. Particularly interested to read up on the indicators, what is tweakable and what isn't.

Do you know what the rules are regarding posts like yours and mine referring to external tools or links? I was a little concerned I'd get modded - my intention wasn't to plug though.

Cool nickname by the way
  • #119,298
  • Sep 30, 2012 6:50am Sep 30, 2012 6:50am
Quoting Pinbar
That makes two of us but, I am always lost. It becomes comfortable after a while.
Where?
  • #119,299
  • Sep 30, 2012 7:33am Sep 30, 2012 7:33am
Hi All,

Any good links to drawing flip zones on charts? I am OK with swing point S&R lines, but a little confused with identifying areas where support becomes resistance/flip zones. I can see them, but which are the priority ones that I should mark? Is it the number of times that price rebounds? If I put them all on, I will have too many lines/zones which I am not comfortable with.

As usual, all help really appreciated.

Glynn
"Fail to prepare, prepare to fail."
  • #119,300
  • Sep 30, 2012 8:57am Sep 30, 2012 8:57am
Quoting Pinbar
Here is the updated J16 Terminology list.
You can always access this by clicking on my signature and indeed Jarroos PPZ basics along with a link to the Big guys videos.

FTA = first trouble area
PPZ = price pivot zone
BEOB = bearish engulfing outside bar
BUEOB = bullish Engulfing outside bar
PB = pin bar
[font=Times New Roman]DBLHC = double Bar low...


Quoting Pinbar
Jarroo, if you want to add a couple of charts to the Terminology list, please post them and I will attach them to the revised list.

That's a great list Steve . .thanks very much for putting together and updating it from time to time.


I would add . . Daily Close Confirmation (DCC)

Daily Close Confirmation of Support or Daily Close Confirmation of Resistance is a indication by the Daily Close to confirm that Support level has flipped to Resistance and vise versa ..
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Indicators show the past. Price Action "Indicates" the future.
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