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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

  • #140,421
  • Mar 21, 2017 5:20am Mar 21, 2017 5:20am
Quoting cbo
{quote} also love it when a plan comes together it`s rare though
Indeed. I love those setups though, particularly when the intersecting horizontal level is a fresh supply zone.
  • #140,422
  • Mar 21, 2017 5:28am Mar 21, 2017 5:28am
Quoting iKalQL8
{quote} Indeed. I love those setups though, particularly when the intersecting horizontal level is a fresh supply zone.
exactly. missed this by two pips. was too greedy

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  • #140,423
  • Mar 21, 2017 10:35am Mar 21, 2017 10:35am
US Dollar Index Futures Daily chart.

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  • #140,424
  • Mar 21, 2017 11:08am Mar 21, 2017 11:08am
Google (GOOG) Alphabet Inc Class C Daily chart. And wide angle with stock split gap.

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  • #140,425
  • Mar 22, 2017 10:10am Mar 22, 2017 10:10am
GBPJPY 4 Hour chart. Waiting for price to pullback to previous support.

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  • #140,426
  • Mar 22, 2017 10:21am Mar 22, 2017 10:21am
Quoting alphac
GBPJPY 4 Hour chart. Waiting for price to pullback to previous support. {image}
Hi Alphac, Please tell me what the MA's you have on this chart. Thanks and I am very new here. Sorry if I am out of line.
True Grit!
  • #140,427
  • Mar 22, 2017 1:25pm Mar 22, 2017 1:25pm
Quoting hards
{quote} Hi Alphac, Please tell me what the MA's you have on this chart. Thanks and I am very new here. Sorry if I am out of line.
I like your signature thingy
  • #140,428
  • Mar 22, 2017 1:37pm Mar 22, 2017 1:37pm
Quoting iKalQL8
{quote} I like your signature thingy
Hi, Goes along with Mark Douglas

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True Grit!
  • #140,429
  • Mar 23, 2017 4:25pm Mar 23, 2017 4:25pm
Hi,

I have heard something about this thread. I still don't know how to go with it. I joined FF last autumn, so I am kind of new to this thread. I did not follow it from its origins. Right know it looks strange to a newby. It tells absolutely nothing what it is about. So what is it about? I heard rumors that it is very good. The first posts of james are some charts without explanation. I don't understand what they want to tell me. Sure I can interpret the meaning. It is still very hard to follow. Does anyone have the original version of the first post or can explain what this is all about? Thanks you :-)
May the Pip be with you.
  • #140,430
  • Mar 23, 2017 6:46pm Mar 23, 2017 6:46pm
Same here. Dunno. Lol.
May be James16 share multibar pattern to us just the way he teaches people how to touch trade.

Touch trade means trade based on support resistance.

If you wont go deeper you can google this
"james16.pdf"
RIP RTM
  • #140,431
  • Mar 24, 2017 1:41am Mar 24, 2017 1:41am
This latest 2017 generation of James16 traders are damn lazy. You won't get anywhere like that. Put in the hard yards!
  • #140,432
  • Edited 6:32am Mar 24, 2017 3:36am | Edited 6:32am
Dude, I am just asking what this is about. What do you think how long it will take to read 7000 pages in this thread? What do you think how much time spending in trading in hobbies I have to give up to read this? I am ready to do so, but I want to know what I am dealing with. And the introducing page doesn't explain it. Right know I see, some charts are being posted. With my knowledge, I regocnize the idea of them. However it is highly likely that I do not get the full message of those charts, if they are not explained. If you do not want to help, why this thread? To show how nicely you can draw conclusions out of a chart?
Do you start reading a book because someone told you so? Perhaps, but you read at least the cover! This is what I do normally. And I am asking for nothing more than the cover of this thread. As it seems I am not the only irretated one.
So I would be glad, if someone could write a good cover for all the newbies. :-)

@hendzwoter: thanks, that helped a lot
May the Pip be with you.
  • #140,433
  • Mar 24, 2017 6:53am Mar 24, 2017 6:53am
Quoting Chris1008
Dude, I am just asking what this is about. What do you think how long it will take to read 7000 pages in this thread? What do you think how much time spending in trading in hobbies I have to give up to read this? I am ready to do so, but I want to know what I am dealing with. And the introducing page doesn't explain it. Right know I see, some charts are being posted. With my knowledge, I regocnize the idea of them. However it is highly likely that I do not get the full message of those charts, if they are not explained. If you do not want to help,...
The thread is primarily about PA trading. Many traders have come along & explained their way of trading PA.
If you google "price-action trading", you'll find many websites that will explain their way. This thread is just a "collage" of many PA trading methods.
  • #140,434
  • Edited 10:15am Mar 24, 2017 9:55am | Edited 10:15am
@Chris1008

The James16 Youtube channel has videos for new people to watch ie:
Inserted Video


I'll add this video to because it's so important as are Jim's other rant videos, you have to understand what Jim is saying, watch it again and again, it's not cryptic, it's the straightforward truth of being a trader.
Inserted Video




The James16 method is basically support and resistance and price action bars, there's plenty of stuff on the WWW. Get a good understanding of both, look for them on your charts and combinations of both. When you have those parts nailed you can then develop your style of trading and/or use them in conjunction with other price reading techniques.
  • #140,435
  • Mar 24, 2017 3:37pm Mar 24, 2017 3:37pm
Quoting Chris1008
Dude, I am just asking what this is about. What do you think how long it will take to read 7000 pages in this thread? What do you think how much time spending in trading in hobbies I have to give up to read this? I am ready to do so, but I want to know what I am dealing with. And the introducing page doesn't explain it. Right know I see, some charts are being posted. With my knowledge, I regocnize the idea of them. However it is highly likely that I do not get the full message of those charts, if they are not explained. If you do not want to help,...
I am not a dude and I am not an irritable person. I just felt that you were being lazy and extremely demanding. You wanted a 7000 page thread summarized, and its methods expounded in one neat little post. I will try to explain the basics but you need to read the first 100 pages at least.

There are classic James16 methods and not so classic James16 methods which have developed over time. I think if you want to learn what it is all about, then you should start with simple old school bar trading and just a few rules for entering a trade. When you get good at it you can add confluence to your trading.

PA Bar Types:
It's all about these bar patterns. There are many that you will learn about here, but the commonly traded ones are:

  1. Pinbars
  2. Outside bars

These are your triggers basically for entering a trade. I'll draw them for you:

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Criteria for entering a trade:

  1. The trigger bar should be LARGE. Larger than the preceding bars.
  2. The trigger bar should occur at a swing high or swing low.
  3. There should be adequate SPACE from the trigger bar to the First Trouble Area (aka FTA)


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This is just the tip of the ice berg. To sum up... learn how to spot proper Large PA at correct locations with space.
As you read the thread and interact with the regulars here, you will learn how to add confluence to your trading; Round Numbers, Big Round Numbers, Fibonacci Rets, Boxes, Price Pivot Zones... and all that jazz.

BTW I'm sorry if I was rude in my first post.
Good luck with your trading journey,
iKal
  • #140,436
  • Mar 24, 2017 4:02pm Mar 24, 2017 4:02pm
@iKalQL8 As things are cleared, now we can become friends.

I do not demand a summary of this thread. I just found the introducing post irritating. Now with your helps and the videos, I have an idea what this is about. So thanks for that! :-)

@all: I am currently studying Sonic R System by Sonicdejay and PVSRA by traderathome. TAH uses Volume along PA and key SR. Sonic used a simple moving average method by moving average with "good angle" along with other indicators in the beginning, now tending towards TAHs ideas combined with his angled moving average and wave analysis. I haven't seen volume in this thread so far. Will this be in issue? I wonder if volume is important in these techniques.
May the Pip be with you.
  • #140,437
  • Mar 25, 2017 4:38am Mar 25, 2017 4:38am
Quoting Chris1008
I haven't seen volume in this thread so far. Will this be in issue? I wonder if volume is important in these techniques.
No it isn't required here. Chris, you know that FX trading does not take place on a centralized exchange - hence there's no volume feed. The 'volume' you see on your platform is simply just tick counting. Ticks as in quote price changes received from your broker's feed for a given period of time. It does not measure the actual volume of transactional flow. I suppose you could argue that this volume gives you an estimation of the amount of activity, but how this information benefits any trader remains a mystery to me
  • #140,438
  • Mar 25, 2017 7:28am Mar 25, 2017 7:28am
Quoting iKalQL8
{quote} No it isn't required here. Chris, you know that FX trading does not take place on a centralized exchange - hence there's no volume feed. The 'volume' you see on your platform is simply just tick counting. Ticks as in quote price changes received from your broker's feed for a given period of time. It does not measure the actual volume of transactional flow. I suppose you could argue that this volume gives you an estimation of the amount of activity, but how this information benefits any trader remains a mystery to me
I know that I am dealing with tick volume. And it is assumed to represent a good estimate of real volume. The way it is used is simply that we try to spot high or low activity and see where the PA is at those events. Hence, we see which price levels are traded more frequently and thus believe that price might reverse at those point. The idea is, that higher acitivity at higher levels means big boys are selling, which implies more supply and less demand, which in turn implies prices are less likely to reach higher levels and might eventurally reverse after big boys have finished selling (consolidation). I think the idea of volume is quite nice however it is very difficult to spot the true intention of the big boys and get the right timing, since prices might move even higher after a selling climax with high activity.
May the Pip be with you.
  • #140,439
  • Mar 25, 2017 8:23am Mar 25, 2017 8:23am
@Chris1008 Candles can tell you that, put a market profile indicator on your chart, that will show you.
  • #140,440
  • Mar 25, 2017 11:10am Mar 25, 2017 11:10am
Quoting Chris1008
{quote} I know that I am dealing with tick volume. And it is assumed to represent a good estimate of real volume. The way it is used is simply that we try to spot high or low activity and see where the PA is at those events. Hence, we see which price levels are traded more frequently and thus believe that price might reverse at those point. The idea is, that higher acitivity at higher levels means big boys are selling, which implies more supply and less demand, which in turn implies prices are less likely to reach higher levels and might eventurally...


Here is what I use

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True Grit!
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