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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

  • #1,021
  • Sep 13, 2006 11:29am Sep 13, 2006 11:29am
Does it matter if the pin is a bear or a bull pin. Let's say the market has been trending up and you get a pin bar, but it's a bull. Could it still indicate a swing high? Thanks
  • #1,022
  • Sep 13, 2006 1:07pm Sep 13, 2006 1:07pm
Quoting conasounga
Does it matter if the pin is a bear or a bull pin. Let's say the market has been trending up and you get a pin bar, but it's a bull. Could it still indicate a swing high? Thanks
Can't quite understand what you mean. Are you talking about the color of the bar? Post a chart.
Keeping it Simple
  • #1,023
  • Sep 13, 2006 2:03pm Sep 13, 2006 2:03pm
Yes, The bar would typically open and close higher or lower, being a bull bar or a bear.
  • #1,024
  • Sep 13, 2006 2:54pm Sep 13, 2006 2:54pm
Quoting conasounga
Yes, The bar would typically open and close higher or lower, being a bull bar or a bear.
Doesn't matter, as long as it's a pin.
Keeping it Simple
  • #1,025
  • Sep 13, 2006 3:25pm Sep 13, 2006 3:25pm
Hi Jim,
Just finished reading the thread and want to extend my appreciation to you and all the great contributors on this thread for all the wonderful information you are sharing. Its amazing how generous eveyone is in providing help to new people. I have been trading the forex for about 1 yr with very mixed results (mostly losses). You have already given me a new way to look at these charts and how to look for trade setups. I just joined the PF today and I am anxious to start learning how to do things correctly.
Thanks again Jim.
  • #1,026
  • Sep 14, 2006 1:44am Sep 14, 2006 1:44am
This thread should be made sticky so that no newbie ever misses it!
It does not deserve to be buried under a barrage of uselsess threads.
  • #1,027
  • Sep 14, 2006 1:57am Sep 14, 2006 1:57am
heck of a great idea. thanks ashok.
Quoting ashoksagar
This thread should be made sticky so that no newbie ever misses it!
It does not deserve to be buried under a barrage of uselsess threads.
  • #1,028
  • Sep 14, 2006 2:46am Sep 14, 2006 2:46am
Quoting ashoksagar
This thread should be made sticky so that no newbie ever misses it!
It does not deserve to be buried under a barrage of uselsess threads.
Jim, you know how valuable I think this thread is. Make it a sticky.
Peter
  • #1,029
  • Sep 14, 2006 8:35am Sep 14, 2006 8:35am
while i agree with that no newbie should miss this thread, i really dont like doing stickies. it messes up the flow of the forum. the new stuff should be at the top.

to keep this at the top of the forum, we just need to keep on having discussions about it

one idea i have to deal with issues like this thread is to have an option for "most popular threads". this will rank the thread by views. you can already do this by sorting the threads by by views, but it is kinda hard to notice the option especially for someone new to the forum. if we make a button that says "most popular threads" i think that will solve this.

feedback?
Relax and be happy.
  • #1,030
  • Sep 14, 2006 8:43am Sep 14, 2006 8:43am
Quoting merlin
while i agree with that no newbie should miss this thread, i really dont like doing stickies. it messes up the flow of the forum. the new stuff should be at the top.

to keep this at the top of the forum, we just need to keep on having discussions about it

one idea i have to deal with issues like this thread is to have an option for "most popular threads". this will rank the thread by views. you can already do this by sorting the threads by by views, but it is kinda hard to notice the option especially for someone new to the forum. if we make a button that says "most popular threads" i think that will solve this.

feedback?
Great idea, Merlin. Are you kidding! With views over 124,000.....this has got to be THE most popular thread that exists.....LOL!!
  • #1,031
  • Sep 14, 2006 8:51am Sep 14, 2006 8:51am
Quoting merlin
while i agree with that no newbie should miss this thread, i really dont like doing stickies. it messes up the flow of the forum. the new stuff should be at the top.

to keep this at the top of the forum, we just need to keep on having discussions about it

one idea i have to deal with issues like this thread is to have an option for "most popular threads". this will rank the thread by views. you can already do this by sorting the threads by by views, but it is kinda hard to notice the option especially for someone new to the forum. if we make a button that says "most popular threads" i think that will solve this.

feedback?
Oh great one your humble servant requests that the first part, with Jim's initial images and thoughts could be made available to us, the great unwashed.
It probably means loads of work for someone, I volunteer.
Peter
  • #1,032
  • Sep 14, 2006 9:09am Sep 14, 2006 9:09am
Quoting merlin
while i agree with that no newbie should miss this thread, i really dont like doing stickies. it messes up the flow of the forum. the new stuff should be at the top.

to keep this at the top of the forum, we just need to keep on having discussions about it

one idea i have to deal with issues like this thread is to have an option for "most popular threads". this will rank the thread by views. you can already do this by sorting the threads by by views, but it is kinda hard to notice the option especially for someone new to the forum. if we make a button that says "most popular threads" i think that will solve this.

feedback?
Hello Mr. Merlin Magic Man Sir!

All of Vegas' stuff was moved into the Vegas Wealth Builder forum. Why not do the same with this thread by moving it into the James16 Group Public forum? That way all of the James16 stuff will be in one place, which is easy to find. Make a sticky of it there as there is only one there already for the help line. Since there are so very few posts made to that forum, it shouldn't mess up the flow.

Thanks for asking my input.

cici
  • #1,033
  • Sep 14, 2006 9:25am Sep 14, 2006 9:25am
YEP yep, great, great idea

Quoting merlin
while i agree with that no newbie should miss this thread, i really dont like doing stickies. it messes up the flow of the forum. the new stuff should be at the top.

to keep this at the top of the forum, we just need to keep on having discussions about it

one idea i have to deal with issues like this thread is to have an option for "most popular threads". this will rank the thread by views. you can already do this by sorting the threads by by views, but it is kinda hard to notice the option especially for someone new to the forum. if we make a button that says "most popular threads" i think that will solve this.

feedback?
Trading is a long and a short story.
  • #1,034
  • Sep 18, 2006 2:58pm Sep 18, 2006 2:58pm
Hi James,

Attached is pinbar of pound swiss daily,

Please take a look and tel me if this is a valid pinbar,
Just trying to sharpen up before joining your PF.

thanks
stricko108
Attached Image
  • #1,035
  • Sep 18, 2006 3:08pm Sep 18, 2006 3:08pm
example chart
Quoting stricko108
Hi James,

Attached is pinbar of pound swiss daily,

Please take a look and tel me if this is a valid pinbar,
Just trying to sharpen up before joining your PF.

thanks
stricko108
Attached Image
  • #1,036
  • Sep 18, 2006 3:14pm Sep 18, 2006 3:14pm
Thanks for that quick response,

When you say take profit at that now support area,

from what I understand from your previous charts and explanations is that we would not have gone short yet, we would wait for retrace and short on next bar, so if this is correct I guess you mean take some profit at the point you mentioned. Or is my idea of entering on next bar retracement incorrect.
Or am I way off and I should just join your PF now to get it all clear.

Thanks for your time.
  • #1,037
  • Sep 18, 2006 3:18pm Sep 18, 2006 3:18pm
One thing I have ben uncertain about is how close the eyes have to be to each other in order for it to be a valid pinocchio. I am certain if the eyes are across from each other but am never certain whether they are too far apart otherwise.

Could someone please clarify this for me? Thank you
  • #1,038
  • Sep 18, 2006 5:23pm Sep 18, 2006 5:23pm
Quoting moonchild
One thing I have ben uncertain about is how close the eyes have to be to each other in order for it to be a valid pinocchio. I am certain if the eyes are across from each other but am never certain whether they are too far apart otherwise.

Could someone please clarify this for me? Thank you
It doesn't matter how far apart they are.
Keeping it Simple
  • #1,039
  • Sep 18, 2006 5:39pm Sep 18, 2006 5:39pm
the safest way to play these bars are to place a buy or sell stop just past the bar as a breakout just after the pin forms. its not really a valid bar until the second eye breaks the nose anyway. there are several ways to do it. you have a larger stop by playing a break of the pin but at least when you enter you know its valid. i will post a chart. this is the way i teach it in the pf.
Quoting stricko108
Thanks for that quick response,

When you say take profit at that now support area,

from what I understand from your previous charts and explanations is that we would not have gone short yet, we would wait for retrace and short on next bar, so if this is correct I guess you mean take some profit at the point you mentioned. Or is my idea of entering on next bar retracement incorrect.
Or am I way off and I should just join your PF now to get it all clear.

Thanks for your time.
Attached Image
  • #1,040
  • Sep 22, 2006 4:41pm Sep 22, 2006 4:41pm
I still have about 99 pages to read of this thread, but I thought I'd throw out a chart beacuse I'm having so much fun with it. I'm just looking for corrections ie. tell me what is wrong if anything.

Assuming these identificatons aren't 'wrong' the pinochio was an obvious success, but what about the TripleTop? Hypothetically, would it be smart to short at the thin blue line? (1.9010?). Stoploss at/above the darker blue 21 SMA. **Ignoring the fact that the market closed for the week one bar later, and sunday open is no picknik. Let's assume it's Thursday morning.
Attached Image
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