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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

  • #122,841
  • Jan 28, 2013 12:53pm Jan 28, 2013 12:53pm
Hey everyone!

Eur/Usd, daily. I have a powerful level 1.346, and there I have fibo level, and the round number 1.35 is near. can i use it like a good entry? I'm still a noob in this

P.S. I still have some problems with drawing PPZ, maybe now my levels are wrong, can you corect my mistakes?
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  • #122,842
  • Jan 28, 2013 12:56pm Jan 28, 2013 12:56pm
Quoting sloker
Hey everyone!

Eur/Usd, daily. I have a powerful level 1.346, and there I have fibo level, and the round number 1.35 is near. can i use it like a good entry? I'm still a noob in this

P.S. I still have some problems with drawing PPZ, maybe now my levels are wrong, can you corect my mistakes?
hey Sloker

Your PPZs look good. Euro is very choppy on the larger timeframes so you will see a lot of PPZs from minor to more major(like the ones you marked)

1.35 is a nice area to watch for PA

Best
Mike
  • #122,843
  • Jan 28, 2013 3:01pm Jan 28, 2013 3:01pm
As a student of J16 for the last three years one of my goals has been to slowly, with confidence, slide down to lower time frames, or to get in and out of some price action trades on an intraday time frame. I think James likes to call it, "day trading off of a daily chart". Took one one quick daily touch trade off of a PPZ and BRN on GBPNZD, and probably wish I had kept a small position in. Second was another intraday trade, SMALL 4hr BEOB/DBLHLC on the USDCAD, that I've taken half off and left the rest to run. Not saying I will ever get down to the 5min a la Ryanmcd, but once you understand the material thoroughly and have gone through your mandatory 3 months testing I think the lower TF's can be a nice addition to your trading toolbox. I still love to buy/sell and hold for weeks though :-)
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Price is beautiful. A repetitive method is a competitive method.
  • #122,844
  • Jan 28, 2013 3:58pm Jan 28, 2013 3:58pm
Hi guys what do you think of this one ?
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  • #122,845
  • Jan 28, 2013 4:02pm Jan 28, 2013 4:02pm
I would like to ask about this PDF
And to be precise about the transaction, James. Do I understand correctly that many deals with James without confirm your PA? A committed from touching ppz and trend line? or he looks at lower Timeframe?
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File Type: pdf JAMES16.pdf   2.5 MB | 2,986 downloads
It's only after we've lost everything that we're free to do anything.
  • #122,846
  • Jan 28, 2013 4:10pm Jan 28, 2013 4:10pm
Quoting Alexandr51
I would like to ask about this PDF
And to be precise about the transaction, James. Do I understand correctly that many deals with James without confirm your PA? A committed from touching ppz and trend line? or he looks at lower Timeframe?
Hey Alexandr

Yes you do not need PA once you understand the material enough. That is we use the same concepts to indentify high probability areas but you can "touch trade" without PA confirmation. I highly recommend learning to trade PA first. You also do not need to drop timeframes. James calls this day trading a daily chart when you get good enough at pinpointing your entries

Best
Mike
  • #122,847
  • Jan 28, 2013 4:38pm Jan 28, 2013 4:38pm
Quoting mbqb11
Hey Alexandr

Yes you do not need PA once you understand the material enough. That is we use the same concepts to indentify high probability areas but you can "touch trade" without PA confirmation. I highly recommend learning to trade PA first. You also do not need to drop timeframes. James calls this day trading a daily chart when you get good enough at pinpointing your entries

Best
Mike
Thanks Mike for the explanation)
I just recently came from vacation and was a bit confused by charts without the PA. Tried out stories on the lower time frame to find an explanation inputs)

Sorry for bad English
It's only after we've lost everything that we're free to do anything.
  • #122,848
  • Jan 28, 2013 5:24pm Jan 28, 2013 5:24pm
watching sgdjpy situation, price is loosing momentum...lvl 71.85 seems important
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  • #122,849
  • Jan 28, 2013 5:47pm Jan 28, 2013 5:47pm
AUDJPY...

http://1.bp.blogspot.com/-X2TTvqyKo3...jpy_weekly.gif
  • #122,850
  • Jan 28, 2013 7:24pm Jan 28, 2013 7:24pm
break pinbar in a right place ?
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if there is something you should keep secret,simply just save it,, so, just
  • #122,851
  • Jan 28, 2013 10:45pm Jan 28, 2013 10:45pm
Quoting sandycarrot
break pinbar in a right place ?
There is some hefty confluence on that one.

I have the 150 EMA + trend line + 1.04 RN - that is a brilliant combo of confluence.

And despite being in a sideways market it seems it has at least some space to maneuver through as well.

My concern though is with the size of the bar. The best way to know if your PA bar is good enough (by virtue of its shape) is to compare it with the preceding bars. Here the bullish pin bar is preceded by humungous bearish bars prior to it. In my honest opinion it does take some of the muscle off the setup. Does that invalidate the trade, is an open ended question and would depend entirely on your risk appetite. Given the deficiency, its certainly not a "set and forget" trade. When small bars reverse quickly, we at J16 group have no reason to be surprised

g.
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I believe . . .
  • #122,852
  • Jan 29, 2013 4:20am Jan 29, 2013 4:20am
Good setup on the AUDUSD, although I didn't play it exactly for ghous' reason, regardless of its good and fast movement of today ( ).

What do you guys think of the attached chart of USDJPY?

We have a good confluence area: 90.000 BRN+38.2 fibo+LCS
Despite all this confluence, I'd wait for a candle confirmation tho, given recent action on the pair and need to retrace it has: would be acceptable to see a break through this level till the TL...

What's your view on this one?
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  • #122,853
  • Jan 29, 2013 4:33am Jan 29, 2013 4:33am
Quoting CryAgony
Good setup on the AUDUSD, although I didn't play it exactly for ghous' reason, regardless of its good and fast movement of today ( ).

What do you guys think of the attached chart of USDJPY?

We have a good confluence area: 90.000 BRN+38.2 fibo+LCS
Despite all this confluence, I'd wait for a candle confirmation tho, given recent action on the pair and need to retrace it has: would be acceptable to see a break through this level till the TL...

What's your view on this one?
This retrace and go movement is also coerent with another yen pair in particular: CADJPY

Notice the 50% of the BUOB, finding confluence with LCS and support area in general (swing level actually)

Would love to get a comment off Mike or Steve about this
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  • #122,854
  • Jan 29, 2013 4:36am Jan 29, 2013 4:36am
hi guys is this a good bar?

(im still starting out really, so im just looking for easy things to demo trade lol)

thanks,
tom
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my name is tom and i like crayons
  • #122,855
  • Jan 29, 2013 4:43am Jan 29, 2013 4:43am
Quoting tc640
hi guys is this a good bar?

(im still starting out really, so im just looking for easy things to demo trade lol)

thanks,
tom
That's a good bar..... off your charts!
You don't have NY close feeds, and the bearish action is taken off that pinbar, although with 5days feed you would see that that pinbar is not ideal. Check screenshot attached
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  • #122,856
  • Jan 29, 2013 4:58am Jan 29, 2013 4:58am
thanks man - im trying to come up with reasons not to trade thing because i suffer from overtrading lol and not being able to sit still once entered a trade hahah

on weekly its looks like its flipping around that 0.85318 level which i think i got from the monthly level, i cant get how these things work its pretty amazing


Quoting CryAgony
That's a good bar..... off your charts!
You don't have NY close feeds, and the bearish action is taken off that pinbar, although with 5days feed you would see that that pinbar is not ideal. Check screenshot attached
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my name is tom and i like crayons
  • #122,857
  • Jan 29, 2013 5:29am Jan 29, 2013 5:29am
Quoting CryAgony
This retrace and go movement is also coerent with another yen pair in particular: CADJPY

Notice the 50% of the BUOB, finding confluence with LCS and support area in general (swing level actually)

Would love to get a comment off Mike or Steve about this

I would not put too much faith in that SP, it has failed to act as either resistance or support.

I would look at the weekly level.

Got to take a paper driving test in Chinese the day after tomorrow so, may not be around too much.
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  • #122,858
  • Jan 29, 2013 5:41am Jan 29, 2013 5:41am
Quoting Pinbar
I would not put too much faith in that SP, it has failed to act as either resistance or support.

I would look at the weekly level.

Got to take a paper driving test in Chinese the day after tomorrow so, may not be around too much.
Thank you for your reply.
Fibo was drawn within the BUOB only to get the 50% of the candle, which I often use as entry. and the ppz is intended to be the area between the 2 lines drawn on the chart

Thanks for you post Steve
  • #122,859
  • Jan 29, 2013 6:48am Jan 29, 2013 6:48am
EURUSD...
http://3.bp.blogspot.com/-5UJHj3dpMV...600/@eu_zz.gif
  • #122,860
  • Jan 29, 2013 7:33am Jan 29, 2013 7:33am
DAX30
http://4.bp.blogspot.com/-gWpssrHt4_...x30_weekly.gif
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