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james16 Chart Thread
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Jul 19, 2010 3:40am
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Just got the silly internet connection back up,
Looks like you guys have been munching on some sweet IPBs recently, 
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 20, 2010 4:16am
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Quote:
Originally Posted by eswap0
I am starting to like IPB setups: quick moving to BE, quick taking partial profits, quick leaving a part for what might happen, and (what I specially consider) high R:R.
And, as always, paying high attention to location.
Thanks Ghous!
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Just make sure you demo with them enough, in fact more than enough before you attempt to trade live with them.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 20, 2010 12:18pm
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Quote:
Originally Posted by premierpip
i'm currently thinking whether to join the James16 Group. the price is reasonable, they just din't want people to take it lightly and start flooding the place, so i can understand that he's charging for it. to pull those interest people into a different circle. but i just want to know, is the website updated till today? i understand that his group has exist for a few years. i'm just worried that he does not update it anymore. and also, are the information in the website grouped nicely? because i won't want to pay the money every month to get posts...
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The PF is a wonderful and very active group of J16 traders. Lot's of webinars and chat sessions. The information is very nicely grouped and many seniors have their own separate sections in the forum to ensure the information is well grouped and easily accessible.
Again most of the information isn't any different to the info here just that the PF comes with some advantages that can only come about in that particular environment.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 20, 2010 9:59pm
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Quote:
Originally Posted by premierpip
yeah.. i read from a few people that signing up will not be useful because there won't be any difference in information. but the information here in this thread is really hard to go through.
what special support will i get from J16? anyway, are you in the group?
i'm really interested in joining, but 129USD in my currency is not a small money every month.
how do i start this forum? can you help me get going?
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I have already mentioned that the support at the group is immense, but that said, the support here at the public thread is huge as well. Since the PF is in no way compulsory or necessary for your long term success, you should more than confidently put aside the idea of joining the PF if there are affordability issues. I joined the PF very late myself, and I have to admit all that I ever knew about the j16 comes from the knowledge contained here at the public thread.
If you find reading this long thread a tedious job you might want to refer to the thread summaries presented by Cyrus (search through his posts for the summaries) and jduester (Josh) they have done a fabulous job in condensing the info here at the thread.
We are all obviously here if you need anything.
cheers.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 20, 2010 10:04pm
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Quote:
Originally Posted by Autumm
2 day IPB on the Eur/gbp.
With the trend.
Rejected by 38.2fib and 0.85 level.
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Yikes!
That isn't an IPB.
You guys need to spend more time getting the hang of the basic stuff first before you start wondering what an IPB is.
It is a pretty straight forward 2 day bearish pin bar. (as ertorque mentioned)
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 20, 2010 10:10pm
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Quote:
Originally Posted by Autumm
Ghous,
it was just a typo error. Typed it too fast.
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That just made me feel better
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 21, 2010 10:57pm
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Quote:
Originally Posted by Mp1983
Hey All,
Haven't been around much as I've gone back to lurking mode but how about this one? Looks like a bit of a Ghous special to my unskilled eye!
Pro's:
Below the 200MA
Inside bar
Inverted Pin Bar
BRN - 9,200
PPZ
Con's:
FTA is at the weekly pivot so may need to be watched carefully.
Comments please!
Manya1983

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Less neater than the one which occured a little earlier, but tradable IMO with tight management.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 21, 2010 11:26pm
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Quote:
Originally Posted by joelcf
For me, this is the best trade on the whole chart. Tiny risk, huge reward.
Attachment 512157
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__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 22, 2010 9:28am
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Quote:
Originally Posted by Muhammad989
hi all here my first post in this thread i m learning it for near 6 months and now i m feeling to trade on demo till good at it ...hope u pro will help me .thnx
Muhammad
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Great to have you here Bro.
And a nice trade for sure.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 23, 2010 6:38am
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Quote:
Originally Posted by Muhammad989
tp2 hit now i m free...need comments
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Amazing trade.
You read that one to perfection.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 23, 2010 6:50am
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Quote:
Originally Posted by Jonnyislost
Trade of the day;
EUR/CAD
2 Hour chart
1.31 small round number,
Large engulfing BUOB
Ideally the close could have been stronger (further up the bar)
Target hit
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Is this your first target, or you're out completely?
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 23, 2010 10:01am
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Quote:
Originally Posted by mistersimple
do u use line charts for fibs and trendlines.. i noticed it gives a better (different) overall image (in terms of waves..) .less false impressions like bars/candlesticks..
?
ie gbpjpy chart hard to read with bars //
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I'd rather just stay away from a chart which makes reading it difficult by virtue of bars let alone draw fibs or TLs for any kind of analysis.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 23, 2010 2:11pm
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Quote:
Originally Posted by mistersimple
ok ghous...
gbpchf was the most explosive today .. well didnt expect it could go so far..
now, next week maybe small retracement.. to pursue heading north?!
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A pull back to the consolidation box to the left would be nice.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 26, 2010 2:06pm
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Quote:
Originally Posted by aserbfx
you seem to talk from experience ... 
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Chart time, a business like approach and common sense is what builds healthy experience. Johnny knows it, and he sure is traveling at a decent velocity down the road of success.
System hopping, trying out different things simultaneously, over trading are just a few of the common factors that cause the learning to slow down. Been there, done that.
A clean thinking process, and a solid plan built like the steps of a ladder - each stepping a little higher than the preceding one, amazingly works better than trying to be the hero and keeping up with 5 demo accounts, each with a different system (or trade management plan) running on it.
This stuff is unbelievably simple - so simple it can actually hoodwink you to believe "duh! Can't be as simple as that, I gotta throw in some voodoo, to ride the same boat as the big guns in the business"
It's amazing how some of you guys have clearly "got it" and have been progressing with this stuff.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 27, 2010 9:28am
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Quote:
Originally Posted by novice198
SC,
It seems that the BEOB has failed. Can we say that it would have been more convincing had it closed below 1.5450, though it was slightly risky being a CTT. On the other hand the current candle is forming a BUOB. Ofcourse we have to wait for the candle to close. The problem is it that it is not at swing low and at best can be considered as trend continuation.
Your comments pls.
BTW I sent a mail to you.
Cheers
Novice 198
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If I may...
A close below 15450 would have cleared the traffic on the setup while giving the BEOB a more authoritative make up as well.
We have a long term up trend going and we need something special to reverse this, not that this beob was totally untradable but then such setups are usually always good to the FTA at best, and you can't complain along those lines on this setup.
The obvious FTA (15450) was way too close, and held which should be of no surprise.
(ignore the trade you see on the chart)
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 28, 2010 5:53am
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felt I had to share this:
This morning a plane carrying 157 passengers, men, women, children and oldies crashed into the hilly area of Margalla in Islamabad, here in Pakistan.
Some eye witnesses report the plane flying abnormally low and smoking just before it crashed into the hills. They say the plane seemed to be struggling to avoid crashing into the populated regions - and it seems the pilot was determined to keep the harm limited to the unfortunate passengers.
157 people left Karachi yesterday evening hugged their relatives good bye, promising to call back upon arrival at the destination, The only call that came after the unfortunate landing was that of a 40 year old women who informed she was badly injured and bleeding. The plane crashed into the steep hills and the rainy season has made life terrible for the volunteers who wish to help collect the remains of the majority and possibly help survivors if any. Visibility is poor, land sliding is on and there is no place to land a helicopter.
Authorities admit they lack sufficient advanced equipment to detect the existent of any survivors amongst the mass of plane debris.
12 people were considered "lucky" - because they despite having their tickets confirmed on the same flight either missed it or deliberately did not get on board. This sends chills down my spine.
Is that what it takes to survive in this world? A decision that was never intended to promote or avoid such an accident will decide whether I live or shall die? Makes me wonder if the next time I decide against driving down the road for the grocery because I am tired could turn out to be a master stroke.
It amazes me at how vulnerable we are. We steal, we cheat, we terrify, we kill, all for a life that could be gone the next time we step out the front door.
God help us all, and may the souls of all whose who lost their lives in the accident rest in peace.
http://www.dawn.com/wps/wcm/connect/...margalla-qs-02
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
Last edited by ghous, Jul 28, 2010 6:17am
Reason: correction in the statement of time of the accident
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Jul 28, 2010 6:05am
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Quote:
Originally Posted by ghous
felt I had to share this:
Yesterday around twilight time a plane carrying 157 passengers, men, women, children and oldies crashed into the hilly area of Margalla in Islamabad, here in Pakistan.
Some eye witnesses report the plane flying abnormally low and smoking just before it crashed into the hills. They say the plane seemed to be struggling to avoid crashing into the populated regions - and it seems the pilot was determined to keep the harm limited to the unfortunate passengers.
157 people left Karachi yesterday evening hugged their relatives...
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Just got to know, my very good friend from uni, his name was Owais Bin Laiq, was on that flight. 
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 28, 2010 6:10am
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Quote:
Originally Posted by fx_heaven
Life is a pretty flimsy thing - amazing when the whole world is built on belief, and we all believe that we are sometimes indestructible, and like the markets anything can happen....
Good reminder that while we are here and alive - we should make sure we use our lives to do awesome things!
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Exactly! Obviously all of us know how uncertain death can be, but I am shaken to the core at this horrific reminder.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 28, 2010 10:38am
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Thanks for all the wonderful posts in response to the mishap guys, I knew I could bank on my family here for the moral support I needed.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 28, 2010 1:25pm
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Quote:
Originally Posted by Jey
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Right with you brother.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 28, 2010 1:30pm
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Quote:
Originally Posted by premierpip
i would like to ask, what other ways to trade forex?
-lagging indicators
-news and reports
-price action(chart and price pattern)
what are the others? and which one is worth spending time on?
and is there any books any of you would recommend reading? as i'm looking to join the J16 group soon.. i would like to first read up more.
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There is volume spread analysis and I am sure some other ways too of skinning the cat,
Spending time in learning to read price action IMO is what you should look to do, not only because you posted the question at a thread that specializes in teaching that but also because all of us here have discovered that the learning is so much worth it.
As for books, the more popular ones like "trading in the zone" and "reminiscences of a stock operator" are good reads, and I am sure there are quite a few more.
All the best.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 28, 2010 11:35pm
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Quote:
Originally Posted by Dan Gilbert
here it is
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I always thought an I4B was a bar that was Inside - 4 - bars. It made more sense to me that way, but I see you're including the inside bar itself in the bar count. hmmm...
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 30, 2010 2:31pm
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Quote:
Originally Posted by jarroo
True777, entries are at the Close of the IPB not the break of the low in this case.
Actually Donkey, this is IB that looks like an IPB. I don't think you got lucky because . . if I can understand your thinking . . you saw Price at a proven Resistance level, 1.6200, at a High and some divergence (although I can't see it on your chart). A touch trade at the 1.6200, with a tight stop loss would not be that crazy . . just ask the Rac-man.
But with that IPB looking Inside Bar gave a bit more confirmation to take your 1.6175 entry then just a touch...
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Hey D,
Personally I didn't like how price was building up at the 1.62, and like jarroo mentioned the bar in consideration was more of an IPBish looking IB than a proper IPB, so it was an easy pass for me. Good to see it make it down to where you'd expect it to go though.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 30, 2010 11:35pm
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Quote:
Originally Posted by True777
Jarroo could you fill me on what a proper IPB is if this only "looks like one"
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We had a great looking one on Ej a couple of years ago on the weekly.
The tail needs to extent more than it did for the recent daily IB on Gbp/Cad. It has to have that Pin bar look to it, hence the name inverted pin bar
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 30, 2010 11:48pm
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Quote:
Originally Posted by Pinbar
Interesting PB on NZD/USD Weekly TF.
Not sure about the size of this PB but the location seems to be good, although, I can not get a fibo on it to check for confluence.
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besides having a poor shape it's heading into some traffic and an ascending trend line for a quick 3rd touch (which can be pretty reliable)
At best some tight money management will obviously be imperative.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 31, 2010 3:03am
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Quote:
Originally Posted by Pinbar
I hear you ghous.
By "poor shape" are you referring to the close being too close to the open?
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Yes and the nose not being long enough.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 31, 2010 3:07am
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Quote:
Originally Posted by supremeChaos
interesting chart ghous.
the bar after the IPB (which looks like an IPB too!) made a higher high. so i guess this is a special case wherein u should use a much higher stop (slightly above 170.00 RN).
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Yeah a logical stop here wouldn't be a blind one X pips above the high of the IPB but a few pips above the BRN 170.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Jul 31, 2010 5:44am
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Quote:
Originally Posted by jarroo
I see others gave you examples.
This is how I would have liked to have seen the IPB on the Daily Gbp/Cad . . .and I'm sure Ghous would have liked it too. 
Notice the size, much bigger, and the top piercing the previous High and the 1.6200.
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__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Aug 2, 2010 5:45am
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Quote:
Originally Posted by Adilius07
Jarroo, may I please ask. Would you also use the same free trade approach on the IPB setup? I think about this now. Maybe with IPB the best would be to exit full position at FTA (which is the other side of PB's wick)?
Not yet understand the IPB's very well. Could we also split position in halfs, or the setup is valid only until the other side of wick is reached?
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If I may...
I always take full profit at the low/high of the IPB, not to say it's the only correct method though, it's what makes me most comfortable. Again depending on the location and spatial factors you might want to hold on to an IPB trade beyond the bar low/high.
Here's an example of an IPB doing wonders beyond it's low.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Aug 2, 2010 6:03am
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Quote:
Originally Posted by Adilius07
Thanks Ghous! This is rather exceptional example  The reason I am so unsure about this is that to be honest I don't really like the IPB setups lol. Psychologically it just really seems much weaker setup than classic PB to me. Of course I'm a newbie maybe that is why. But at the same time it allow for really tight stop - this is what makes it attractive on the other hand.
I am carefully analyzing my charts to choose the best way for me to play them. Maybe I would also take a full profit at FTA - the R:R in this case is still fantastic due to...
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When played at good locations they have been pretty reliable for me Adilius. They are obviously an advanced PA setup and if you find them a little tricky to trade I wish I could push your thoughts away from the IPB lol.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Aug 2, 2010 6:07am
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Quote:
Originally Posted by nuclear62
Hey,
Ghous, i have heard about horrible overflows is Pakistan, 800 people have died, terrible! Are you in safe ghous?
Happy trading all!
Nuc
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I am residing in the extreme south so yeah I am safe, but it hurts to see the mess we're in. Some man made, some natural.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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Aug 2, 2010 1:57pm
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Quote:
Originally Posted by Revstar
GBP/JPY
I realised something today, over the weekend i had somehow convinced myself that gbp was going up slightly then fall, so i was biased to the short side, i'm not even totally sure why!  So i missed this opportunity of the daily Pin Bar, because of having a bias from one side.
Lesson learned trade what i see rather than what I think is going to happen! And not be biased! 
Thanks just thought i'd share my learning
Revsta
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That is a very useful lesson Revstar. Biases can be harmful because they can either cloud out a spectacular and obvious setup or make a poor one jump out at you precisely because "that's where you though price was going"
At most times the only form of bias I have for is the trend in the market which allows me to look for really special setups to go counter trend.
try to allow your thoughts and gut feelings to freely float and see where they take you.
g.
__________________
IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!
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23 Traders Viewing This Thread (12 are members)
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kennyg, cprao, mikespips, malo, albinas, bluetrader, erikte279, Pinbar, 4xkiwi, Benevolent, nwo-trader, diggsnoob
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