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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

  • #121,621
  • Dec 10, 2012 3:44am Dec 10, 2012 3:44am
Quoting tinkerbelle
Hello Sailor nice. your charts are polite
sorry i did not get you!
  • #121,622
  • Dec 10, 2012 5:04am Dec 10, 2012 5:04am
Could this:

H1 CHART
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Put the breaking point of this:

Daily chart
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Just beautiful
  • #121,623
  • Edited 5:55am Dec 10, 2012 5:31am | Edited 5:55am
Hi Mike. I'm newbie here to write, used to read only. From the beginning want to say pard me for offtopic post, but it's important for me to know where is James? Last post from him was in a far March 22nd. I haven't read all thread (all posts as well), maybe I missed something, but few days before I sent a mail to James via his site - james16group.us to personally him and haven't got a reply yet. I'm just wondering is this site still working, other words are you guys still there?! :-)

A big appreciation for all your guys' job!. - thank you.

Hope you were not bored :-)

Best,
Nick
  • #121,624
  • Dec 10, 2012 5:32am Dec 10, 2012 5:32am
Hello everybody here.
This is my first post in this wonderful thread. Want some advice from veteran trader here.

I'm currently watching Silver. Silver currently bounce from 50% Fib from last up movement on Weekly Chart.
On Daily Chart, last bar was an IB. Does the IB break upside considered a good opportunity to enter buy?
Attached Image (click to enlarge)
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Thank you.
  • #121,625
  • Dec 10, 2012 5:50am Dec 10, 2012 5:50am
Mike, how do you like it?
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  • #121,626
  • Dec 10, 2012 5:50am Dec 10, 2012 5:50am
Quoting Rust
Could this:

H1 CHART
Attachment

Put the breaking point of this:

Daily chart
Attachment

Just beautiful
From your chart it looks like wheat is going down like a lead baloon...Can you post one for corn and soybeans

Olu
If you think you can or cannot do it you are correct
  • #121,627
  • Dec 10, 2012 5:56am Dec 10, 2012 5:56am
Quoting pipmunks
Hello everybody here.
This is my first post in this wonderful thread. Want some advice from veteran trader here.

I'm currently watching Silver. Silver currently bounce from 50% Fib from last up movement on Weekly Chart.
On Daily Chart, last bar was an IB. Does the IB break upside considered a good opportunity to enter buy?
Attachment

Thank you.
I bought XAG this morning based on daily PA:

http://www.forexfactory.com/showthre...08#post6277908
Anything can happen.
  • #121,628
  • Dec 10, 2012 6:00am Dec 10, 2012 6:00am
Quoting Olu
From your chart it looks like wheat is going down like a lead baloon...Can you post one for corn and soybeans

Olu
Hey Olu,
Yeah, it's a what i anticipate. I'm not selling till some signs of break though Maybe break with a fat BEOB, or clean retest. Could end as a nice trade.

here is what i'm looking on corn:
Attached Image (click to enlarge)
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Not much i can say about soybeans, at least for my eye
  • #121,629
  • Dec 10, 2012 6:54am Dec 10, 2012 6:54am
Hi Everyone, Christmas greetings from the UK.

I use weekly and monthly pivot points for my entries and targets on the daily MT4 charts.

The conundrum I have, is that on a Sunday evening, the weekly pivot points are automatically re-drawn by my MT4 indicator, as it should do. However, on some occasions, I still have open trades from the Friday before (usually because they are showing a loss, as I normally like to get out of a trade before Friday close). When the pivot levels are re-drawn on a Sunday evening, it makes my original entry and target looka bit silly, as the pivot lines from the week before have moved.

I wanted to ask:-

a) Should I worry about this?
b) Is the entry from the Friday still relevant?
c) Is the target pivot/ R1,R2, S1, S2 from Friday still relevant, or should my new target be the new pivot line(s)?

Any help or guidance would be appreciated.

Thanks.
"Fail to prepare, prepare to fail."
  • #121,630
  • Dec 10, 2012 7:28am Dec 10, 2012 7:28am
Looks like an interesting area for a bounce.
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  • #121,631
  • Dec 10, 2012 8:44am Dec 10, 2012 8:44am
Quoting Nick1
Hi Mike. I'm newbie here to write, used to read only. From the beginning want to say pard me for offtopic post, but it's important for me to know where is James? Last post from him was in a far March 22nd. I haven't read all thread (all posts as well), maybe I missed something, but few days before I sent a mail to James via his site - james16group.us to personally him and haven't got a reply yet. I'm just wondering is this site still working, other words are you guys still there?! :-)

A big appreciation for all your guys' job!. - thank you.

Hope...
Hey Nick

Yep James is still here he has been on a bit of a break taking care of his other ventures(real estate) and has now been back working on the new site(which is launching soon). We are still very much around and kicking and James should be back in the drivers seat very soon. If you need to get in touch with him or need something you can also email me as I have been taking care of things for a bit here till he is able to come back.

Hope that helps!
Mike
  • #121,632
  • Dec 10, 2012 9:02am Dec 10, 2012 9:02am
Quoting Rust
Mike, how do you like it?
Attachment
Hey Rust
Very good

Here was my chart from the PF yesterday

As well as I also played the gap play on it. I like the rising TL the best more clean touches. But am open to trades both ways as long as the upper TL is confirmed again

Gap play was :
I waited a bit till price was lower to make it more enticing to enter as well as waited to see that first bounce. Stop is ultra tight under the TL as this should hold here or it shouldnlt. Real simple way to play a gap when price gaps into a major area

Best
MIke
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  • #121,633
  • Dec 10, 2012 9:36am Dec 10, 2012 9:36am
Quoting packhorse
Hi Everyone, Christmas greetings from the UK.

I use weekly and monthly pivot points for my entries and targets on the daily MT4 charts.

The conundrum I have, is that on a Sunday evening, the weekly pivot points are automatically re-drawn by my MT4 indicator, as it should do. However, on some occasions, I still have open trades from the Friday before (usually because they are showing a loss, as I normally like to get out of a trade before Friday close). When the pivot levels are re-drawn on a Sunday evening, it makes my original entry...
Hey Pack

Not that it is wrong to use CALCULATED Pivot points(as opposed to j16 Price pivot zones). but the problem is the Forex market is a continuous market. Where if you are trading a centralized market with a set start and close time everyone knows exactly what to calculate their Pivot Points on. So this is the tricky part about FX and then it leads one to question how strong or what times we should use? As for is your entry still valid? Well one thing shouldn't have to do with the other. So in this case your entry is as valid or invalid as your trade plan for that entry is. I think a much easier and stronger way if you use pivot levels is to possibly look to use the longer term levels the major pivot levels like monthly/weekly which are more easy to calculate as well as even more important look for these levels to line up with clear things like S/R or other confluences. I am not a fan of pivot points that are calculated. I think Price pivot zones and other S/R is much easier to see and use

Just my thoughts!
Mike
  • #121,634
  • Dec 10, 2012 10:38am Dec 10, 2012 10:38am
Quoting mbqb11
Hey Rust
Very good

Here was my chart from the PF yesterday

As well as I also played the gap play on it. I like the rising TL the best more clean touches. But am open to trades both ways as long as the upper TL is confirmed again

Gap play was :
I waited a bit till price was lower to make it more enticing to enter as well as waited to see that first bounce. Stop is ultra tight under the TL as this should hold here or it shouldnlt. Real simple way to play a gap when price gaps into a major area

Best
MIke

Always prepared with some nice charts under the sleeve

Let's see if this plays out better than (this bast*ard) usdsek!
  • #121,635
  • Dec 10, 2012 12:25pm Dec 10, 2012 12:25pm
Hi Mike,
Price Pivot Zones are not as time dependent as the OHLC breaks of the continous flow of the market (Daily Pivots).

Quoting mbqb11
I think a much easier and stronger way if you use pivot levels is to possibly look to use the longer term levels the major pivot levels like monthly/weekly which are more easy to calculate as well as even more important look for these levels to line up with clear things like S/R or other confluences. I am not a fan of pivot points that are calculated. I think Price pivot zones and other S/R is much easier to see and use
I have tried using Daily Pivots before...but I find using Jaroo Weekly HCR/LCS, BRN's, and Bemac's ICCE...a nice way of locating important PPZ's for me to play with.

btw...Happy Birthday!

Best,

Eric
" Be always employed in something useful." - Benjamin Franklin
  • #121,636
  • Dec 10, 2012 12:53pm Dec 10, 2012 12:53pm
i just wanna say "hii" to james and all the seniors

hii
Attached Image
Wolves don't lose any sleep over the opinion of the sheep.
  • #121,637
  • Dec 10, 2012 12:58pm Dec 10, 2012 12:58pm
Quoting mbqb11
Hey Pack

Not that it is wrong to use CALCULATED Pivot points(as opposed to j16 Price pivot zones). but the problem is the Forex market is a continuous market. Where if you are trading a centralized market with a set start and close time everyone knows exactly what to calculate their Pivot Points on. So this is the tricky part about FX and then it leads one to question how strong or what times we should use? As for is your entry still valid? Well one thing shouldn't have to do with the other. So in this case your entry is as valid or invalid as...
Thanks Mike,

Yes, I use nothing but weekly and monthly pivot points. It is quite interesting how these are very often respected by price action and I look for pinbars/dojis at these points.

Happy birthday by the way,

Glynn
"Fail to prepare, prepare to fail."
  • #121,638
  • Dec 10, 2012 1:02pm Dec 10, 2012 1:02pm
Quoting cougar73
Hi Mike,
Price Pivot Zones are not as time dependent as the OHLC breaks of the continous flow of the market (Daily Pivots).



I have tried using Daily Pivots before...but I find using Jaroo Weekly HCR/LCS, BRN's, and Bemac's ICCE...a nice way of locating important PPZ's for me to play with.

btw...Happy Birthday!

Best,

Eric
I agree Eric I think the most power is in combination with PPZs and S/R and other confluenced levels

Thanks and same to you bud

Mike
  • #121,639
  • Dec 10, 2012 1:02pm Dec 10, 2012 1:02pm
Quoting FX Wolf
i just wanna say "hii" to james and all the seniors

hii
Hey Wolf welcome


Mike
  • #121,640
  • Dec 10, 2012 1:03pm Dec 10, 2012 1:03pm
Quoting packhorse
Thanks Mike,

Yes, I use nothing but weekly and monthly pivot points. It is quite interesting how these are very often respected by price action and I look for pinbars/dojis at these points.

Happy birthday by the way,

Glynn
Thanks Glynn

And yes they can be strong I know a lot of people use them. Using them for confluence like other tools is a great idea

Best
Mike
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