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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

  • #140,021
  • Dec 22, 2016 4:20am Dec 22, 2016 4:20am
Some divergence on weekly BP chart (London stock exchange ) , looking for a nice pin or BEOB at the highs here
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  • #140,022
  • Dec 22, 2016 6:47am Dec 22, 2016 6:47am
Quoting iKalQL8
{quote} A Price Pivot Zone (PPZ) is simply a S/R flip zone + nothing. Its just a zone where a flip from Support to Resistance or vice versa has occured. Keep in mind also that they are zones and not specific price points. How you should trade them precisely, I think is a personal matter, but Jim encouraged traders and beginners especially to trade with confirmation PA signals and to avoid taking blind trades. Heres one from today: {image}
this is a great explanation!
  • #140,023
  • Dec 22, 2016 11:29am Dec 22, 2016 11:29am
USD/CHF H4 at 1.02 PPZ. I think this is a great area to watch for price but in this time of the year the liquidity is low; maybe the spread will be bigger than normal and probably the price will not make big move. Because of this i will not trade until the next year.

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  • #140,024
  • Dec 22, 2016 8:45pm Dec 22, 2016 8:45pm
Quoting mbqb11
{quote} this is a great explanation!
This is why talking is necessary. 6 months here already with false perspective.
RIP RTM
  • #140,025
  • Dec 23, 2016 5:47am Dec 23, 2016 5:47am
Quoting Sumit
{quote} Got the entry as intended @ 0.6910, SL @ 0.6870....
Finally stopped out today for full 1R loss. Now no new trades this year.
Happy new year to all.
  • #140,026
  • Dec 23, 2016 6:42am Dec 23, 2016 6:42am
Just wanted to wish you all very Happy Holidays! Enjoy the time with friends and family
  • #140,027
  • Dec 23, 2016 7:00am Dec 23, 2016 7:00am
Yup , all the best lol . Time to hit the pubs
  • #140,028
  • Dec 23, 2016 10:34pm Dec 23, 2016 10:34pm
Hi folks,
How many hours taken when you try to draw PPZ that make sense for wait until price hit it?
I can't make it done in one hour. Just get 2 pairs. And I don't know another 20++ pairs.
Just think that following the Four Basic PA to draw PPZ is so simple and still reliable.
RIP RTM
  • #140,029
  • Dec 23, 2016 11:18pm Dec 23, 2016 11:18pm
Happy Holidays for everyone
  • #140,030
  • Dec 24, 2016 7:00am Dec 24, 2016 7:00am
If your brokerage charge you about 1.6% for every trade on CFD and virtual stock from US, UK and Europe. Do you take it? Yes I talk about FXCM.
I think it's so big. Cause I can trade Indonesian Stocks with commission 0.25% for short sell 0.15 for long buy.
RIP RTM
  • #140,031
  • Dec 25, 2016 3:27am Dec 25, 2016 3:27am
Does anybody still uses Jarroo's method?
  • #140,032
  • Dec 25, 2016 12:12pm Dec 25, 2016 12:12pm
Wow haven't been here for some time, yet this thread is still alive. Amazing!!
Trading Makes Money!
  • #140,033
  • Dec 27, 2016 11:59pm Dec 27, 2016 11:59pm
What a chart Mike.
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RIP RTM
  • #140,034
  • Dec 28, 2016 8:19am Dec 28, 2016 8:19am
Quoting hendzwoter
Hi folks, How many hours taken when you try to draw PPZ that make sense for wait until price hit it? I can't make it done in one hour. Just get 2 pairs. And I don't know another 20++ pairs. Just think that following the Four Basic PA to draw PPZ is so simple and still reliable.
you'll get better over time H. I can scan 50-60 pairs very quickly now. Start slow and build from there
  • #140,035
  • Dec 28, 2016 8:20am Dec 28, 2016 8:20am
Quoting hendzwoter
What a chart Mike. {image}
yes I had a few extra lines that I see as very unnecessary ten years later. The red lines are deviations. The rest are just basic channel and fibs. Now I use basically nothing but horizontal lines, or drawing of patterns

Best
Mike
  • #140,036
  • Dec 28, 2016 8:20am Dec 28, 2016 8:20am
Quoting BroX
Does anybody still uses Jarroo's method?
I know many still do in the J16 group

Best
Mike
  • #140,037
  • Dec 28, 2016 8:20am Dec 28, 2016 8:20am
Quoting Cencored
Wow haven't been here for some time, yet this thread is still alive. Amazing!!
Good to see you C, happy new year

Mike
  • #140,038
  • Dec 28, 2016 8:23am Dec 28, 2016 8:23am
I asked people to vote on twitter if they think the dow will close above 20k or below by the end of 2017

here is an interesting dow chart of the last 100 years with NEW presidents and their inaugurations

I don't really "trade" of stuff like this, but it's hard not to just take a peak on what can that possibly mean going forward. History does repeat itself , we know this

Wishing you all a very happy new year! And healthy 2017!

Mike
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  • #140,039
  • Dec 28, 2016 8:33am Dec 28, 2016 8:33am
Quoting mbqb11
{quote} yes I had a few extra lines that I see as very unnecessary ten years later. The red lines are deviations. The rest are just basic channel and fibs. Now I use basically nothing but horizontal lines, or drawing of patterns Best Mike
Do you throw the fib too? Yeah, I know deviation and I used it before and already throw it away.
But there are something with SMA. 
Actually I wanna ask this. Cause it's a new case for me. This is BuOB on GBP/JPY. Already break the trendline but not the SMA.
 
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RIP RTM
  • #140,040
  • Dec 28, 2016 8:40am Dec 28, 2016 8:40am
Quoting hendzwoter
{quote} Do you throw the fib too? Yeah, I know deviation and I used it before and already throw it away. But there are something with SMA. Actually I wanna ask this. Cause it's a new case for me. This is BuOB on GBP/JPY. Already break the trendline but not the SMA.  {image}

I think Fibs, are relatively easy to eye ball since it's just a percentage retrace of something. So I don't actually put them up on my chart. Nothing wrong with it, but certainly for me would play a much smaller role in any decision making process

Mike
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