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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

  • #130,301
  • Mar 23, 2014 12:38pm Mar 23, 2014 12:38pm
Quoting PhAnTi'
I will short NZDUSD. Weekly pinbar right below supply level with a lower high forming. I need to risk around 150 pips to aim for 400-500. {image} {image} heads-ups welcome! Best, J
Abend Jon!

Nice call!
Do you mind sharing your Pivot indicator?
Im looking for something that displays the weekly and the daily pivots on the same chart. (As I was looking through the original james16 pictures I think he traded a lot off these levels. I just want to see for myself if they hold, or not.)

Thanks
Stephen
It's all psychology...
  • #130,302
  • Mar 23, 2014 12:39pm Mar 23, 2014 12:39pm
Great area to watch this coming week.
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  • #130,303
  • Mar 23, 2014 12:42pm Mar 23, 2014 12:42pm
Quoting LamerTrader
{quote} Abend Jon! Nice call! Do you mind sharing your Pivot indicator? Im looking for something that displays the weekly and the daily pivots on the same chart. (As I was looking through the original james16 pictures I think he traded a lot off these levels. I just want to see for myself if they hold, or not.) Thanks Stephen
?! Don't use pivots what do u mean exactly?
Hero calls followed by margin calls...
  • #130,304
  • Mar 23, 2014 12:44pm Mar 23, 2014 12:44pm
Quoting PhAnTi'
{quote} ?! Don't use pivots what do u mean exactly?
You had those gray -> black lines on your chart right where the asset was traded for the last time. (At the end of your chart.) Was wondering if they are some kind of ATRs, or pivots.

Cheers,
Stephen
It's all psychology...
  • #130,305
  • Mar 23, 2014 12:47pm Mar 23, 2014 12:47pm
Quoting LamerTrader
Hi guys! Many of you might have been looking for this: A collection of all the charts uploaded by james16 to the FF site. Many of them are A++ setups. The greatest resource to learn the james16 foundation. Have a nice Sunday! Go out and enjoy the amazing weather. {image} Cheers, Stephen Seeing the unequal number of downloads: You need to download ALL the rar files, and then extract them into 1 file. (With winrar, for example) {image} {file}{file}{file}{file}{file}{file}
Awesome! Thank you for taking the time to do the work and then share. A link to your post belongs in Post #1. It will definitely help people new to price action.
Forex is for the lifestyle.
  • #130,306
  • Mar 23, 2014 12:50pm Mar 23, 2014 12:50pm
Quoting LamerTrader
{quote} You had those gray -> black lines on your chart right where the asset was traded for the last time. (At the end of your chart.) Was wondering if they are some kind of ATRs, or pivots. Cheers, Stephen
ah you refer to the average true range

Best,
J
Attached File(s)
File Type: ex4 ATRprojections.ex4   7 KB | 515 downloads
Hero calls followed by margin calls...
  • #130,307
  • Mar 23, 2014 12:51pm Mar 23, 2014 12:51pm
Quoting mbqb11
Great area to watch this coming week. {image}
Hey Mike,

just to have a headsup.

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Best,
J
Hero calls followed by margin calls...
  • #130,308
  • Mar 23, 2014 12:53pm Mar 23, 2014 12:53pm
Quoting mbqb11
{quote} Hey Thomas This was a retrace entry. The BUOB closed above the PPZ at 1.00. So it was a buy at support rather than at resistance Let me know if that makes sense Again this was a continuation buob which are trickier than the traditional location we want you guys to learn a buob at(which should be a swing low). I like to show a variety of things so people can see what they can build towards Let me know if that helps Mike
I understand, it's more risky than the same BUOB at a swing low then. I tried a similar approach myself with gold, although it wasn't a BUOB really but a strong close above resistance.. unfortunately it crashed into the weekly down trend shortly after. It's a lot to watch out for in this business
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  • #130,309
  • Mar 23, 2014 1:03pm Mar 23, 2014 1:03pm
Quoting PhAnTi'
{quote} Hey Mike, just to have a headsup. {image} Best, J
Hey Jonas

I am watching for buys or sells at this area. A nice big buob or beob would set that off nice

Best
mike
  • #130,310
  • Mar 23, 2014 1:07pm Mar 23, 2014 1:07pm
Quoting devcast
{quote} I understand, it's more risky than the same BUOB at a swing low then. I tried a similar approach myself with gold, although it wasn't a BUOB really but a strong close above resistance.. unfortunately it crashed into the weekly down trend shortly after. It's a lot to watch out for in this business {image}
Hey D

Yes continuation bars have a lot more to look out for in my view. I always recommend to learn them after the traditional swings as I said. I think it's easier to learn that way personally. But yes their is a lot of stuff to look out for but just make sure to keep it simple and look for those strong setups. They will JUMP out at you when they come up

Here are more traditional setups.

Kelloggs I am still holding

PRO is another I am still short off.

Both are traditional pinbar swing low and huge BEOB swing high


Best
Mike
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  • #130,311
  • Mar 23, 2014 1:08pm Mar 23, 2014 1:08pm
Quoting LamerTrader
#Mike (mbqb11) Hi Mike! Do you trade those 700 stocks you watch on the weekly timeframe right? (I suppose you look through those charts during the weekend.) How many trades do you take on these weekly charts / month or / year? (A friend of mine wants to do something similar - so just asking ) Cheers, Stephen
Hey Stephen

I scan the russell 3000 which is 3000 stocks once a week. I am doing my scan now for example. I trade the weekly timeframe and i'll check the monthly timeframes once a month on the same stocks as well.

Best
Mike
  • #130,312
  • Mar 23, 2014 2:35pm Mar 23, 2014 2:35pm
HI. GBP\USD
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  • #130,313
  • Mar 23, 2014 3:40pm Mar 23, 2014 3:40pm
NU 4h at my charts.

For me the key is the area. I have marked the most significant highs / PPZs. I'm only willing to trade at these areas.

And that's something I can only recommend for the new ones. Instead of looking for pinbars everywhere, look for these areas. Some of these areas with great confluence are so strong that they hold price anyway. (i.e. - You could enter without price action confirmation. But do that only if you are more experienced.)

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Cheers,
Stephen
It's all psychology...
  • #130,314
  • Mar 23, 2014 4:34pm Mar 23, 2014 4:34pm
Silver - Ex-Trade

One of those S/R flips. James16 trades them too. Tom Dante (the_wizzard) calls them "Rounded retests"
FTA was kind of close, but the level was SO CLEAN...

You dont even need fibos, MacD, EMAs. Just price levels...
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Cheers,
Stephen
It's all psychology...
  • #130,315
  • Mar 23, 2014 7:26pm Mar 23, 2014 7:26pm
watching as we squeeze down here. Perfect scenario for longs if we get solid PA. You just gotta be patient
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  • #130,316
  • Mar 24, 2014 4:54am Mar 24, 2014 4:54am
Phanti,
were you able to get back in on this trade?
I entered on the brk of the pin in the dailies shown here in the chart with my stops below 1.05....my target is tghe 1.11 area with the break of the monthly pin.

The pair has moved...
I will reduce my risk but not to BE until this move is tested and confirmed.
I will also be looking for ways to compound on my position, since the monthly pin was has not been invalidated, this maybe a long ride.
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  • #130,317
  • Mar 24, 2014 5:01am Mar 24, 2014 5:01am
Quoting Dinta
Phanti, were you able to get back in on this trade? I entered on the brk of the pin in the dailies shown here in the chart with my stops below 1.05....my target is tghe 1.11 area with the break of the monthly pin. The pair has moved... I will reduce my risk but not to BE until this move is tested and confirmed. I will also be looking for ways to compound on my position, since the monthly pin was has not been invalidated, this maybe a long ride. {image}
sadly not. I closed it + - 0 some days ago -.- .... 1.11 is long way to go... dont expect to hit it within 2 weeksm this could take months. good luck.

PS: Please quote my posts in future, that i see it on my wall


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J
Hero calls followed by margin calls...
  • #130,318
  • Mar 24, 2014 5:42am Mar 24, 2014 5:42am
Quoting PhAnTi'
{quote} ..PS: Please quote my posts in future, that i see it on my wall
thanks,
i didn't know quoting makes a difference.

{quote} ....1.11 is long way to go... dont expect to hit it within 2 weeksm [/quote]

i know.
I was hoping this trade will key into the monthly pin (which has not been invalidated IMO)... if it does, i will hold on to 1.11 area.
otherwise, i will look to exit along the way.
in the meantime, my focus will be on reducing my risk...
  • #130,319
  • Mar 24, 2014 5:48am Mar 24, 2014 5:48am
Quoting Dinta
{quote} thanks, i didn't know quoting makes a difference. {quote} ....1.11 is long way to go... dont expect to hit it within 2 weeksm
i know. I was hoping this trade will key into the monthly pin (which has not been invalidated IMO)... if it does, i will hold on to 1.11 area. otherwise, i will look to exit along the way. in the meantime, my focus will be on reducing my risk...[/quote]

good.
Hero calls followed by margin calls...
  • #130,320
  • Mar 24, 2014 6:23am Mar 24, 2014 6:23am
Hello, I would like to ask permission from whomever it may concern to place a named credit (James16 thread) and link to this James16 Chart Thread in the description of my MT5 EA soon for sale. The proposed description looks like this:
"This multi-symbol multi-time-frame bot uses techniques and price actions discussed in the James16 Chart Thread here: http://www.forexfactory.com/showthread.php?t=2331 . Enters on engulfing bars and pinbars of a primary time frame. Will consider up to 4 other timeframes in its analyses and score of space, trend, quality of bar, quality of important locations, big round numbers and quality of pullbacks. This bot can print a csv log file so that stats of each observed criteria can be isolated and analyzed in a spreadsheet.";

Thanks in advance, endo77 (bendex77)
May all your fits be loose.
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