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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

  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Can someone suggest a broker who uses GMT+1 (or GMT-3) for their server time? I'm trying to run four sets of 4H charts. Every broker I've tried seems use GMT, GMT+2, or GMT+3. Thanks.
Quoting jdl
Can someone suggest a broker who uses GMT+1 (or GMT-3) for their server time? I'm trying to run four sets of 4H charts. Every broker I've tried seems use GMT, GMT+2, or GMT+3. Thanks.
Hi Jdl,

I run 4 brokers for 4H. Not sure which one is GMT+1 but I get the continious h4 closing each +1 after another.

The order is: Fxpro, Alpari, Admiral Markets, Oanda (mt4)
When trading your breakout strategy on a smaller time frame(4HR charts),

**What time of day is this done? Anytime a signal is given or only during higher volume periods like 2am-11am EST or 6pm-12am (For Jpy, Aud or Nzd currencies)?

**I know that on a daily time frame we should enter about 10-15 pips below the PA candle's low if we want to short or 10-15 pips above the PA candle's high if we want to buy, but what do you do on 4HR charts? Do you give it the same 10-15 pips even though it is a shorter time frame?

Do you have any more instructional info available? I have seen the videos in the J16 site & they were VERY helpful. Thank you!
Quoting rd122481
When trading your breakout strategy on a smaller time frame(4HR charts),

**What time of day is this done? Anytime a signal is given or only during higher volume periods like 2am-11am EST or 6pm-12am (For Jpy, Aud or Nzd currencies)?

**I know that on a daily time frame we should enter about 10-15 pips below the PA candle's low if we want to short or 10-15 pips above the PA candle's high if we want to buy, but what do you do on 4HR charts? Do you give it the same 10-15 pips even though it is a shorter time frame?

Do you have any more instructional...
If I may.. This regards to your second question, usually for 4HR TF 5-12 pips buffer..
Hey guys,

new to the thread and reading (I'm only on page 30 of 93827139827 but that material so far is gold!).

I've been trading fx now for about 6 years and have surprisingly come out at relatively breakeven. I would certainly like to grow my account though and this is the first methodology I've seen that doesn't reply on blackbox nonsense.

Just wanted to say thanks to James and everyone else that has contributed. I'm looking forward to joining the pf once I get a little further in reading the thread.

-Shaun
TransPorter: Thank you for your reply.
Quoting shaun365
Hey guys,

new to the thread and reading (I'm only on page 30 of 93827139827 but that material so far is gold!).

I've been trading fx now for about 6 years and have surprisingly come out at relatively breakeven. I would certainly like to grow my account though and this is the first methodology I've seen that doesn't reply on blackbox nonsense.

Just wanted to say thanks to James and everyone else that has contributed. I'm looking forward to joining the pf once I get a little further in reading the thread.

-Shaun
Welcome to the thread Sir!!

Quoting rd122481
TransPorter: Thank you for your reply.
Anytime bro!
Quoting rd122481
When trading your breakout strategy on a smaller time frame(4HR charts),

**What time of day is this done? Anytime a signal is given or only during higher volume periods like 2am-11am EST or 6pm-12am (For Jpy, Aud or Nzd currencies)?

**I know that on a daily time frame we should enter about 10-15 pips below the PA candle's low if we want to short or 10-15 pips above the PA candle's high if we want to buy, but what do you do on 4HR charts? Do you give it the same 10-15 pips even though it is a shorter time frame?

Do you have any more instructional...

Hey RD

The majority of my 4hr and under trades get executed during them main sessions. Roughly 2-3am est -9/10am est. There are of course exceptions to this if volatility is very high else where and opportunity knocks

For my buffers, they depend on the pair and what else is around but generally i use something like

1hr- 5-10
4hr -10-17
daily -12 -25
weekly 20-40

Again that's a very general idea, but hopefully helps

As for my material, are you a member of the PF by the way you worded your sentence? If so send me a PM I can link you to videos you may have not seen that get missed. If not and you meant guest videos, continue to check those out I try to update one every 3-4 months and of course I post quite a bit in here

Have a great weekend hope this helps and thanks for the nice comments
Mike
Quoting shaun365
Hey guys,

new to the thread and reading (I'm only on page 30 of 93827139827 but that material so far is gold!).

I've been trading fx now for about 6 years and have surprisingly come out at relatively breakeven. I would certainly like to grow my account though and this is the first methodology I've seen that doesn't reply on blackbox nonsense.

Just wanted to say thanks to James and everyone else that has contributed. I'm looking forward to joining the pf once I get a little further in reading the thread.

-Shaun
Welcome Shaun

No trickery here just good old simple chart reading with some simple concepts. Time and practice is what it takes. But seems you are willing to put that in

Welcome and have a nice weekend
Mike
I started s**t a couple months ago. Being a researcher for JPM, I thought fundamentals and micro-technicals' were everything. Then I read Jim, randomly as he popped up in a Google search. Spent a month reading this thread and relentlessly (lots of pages but not 6000; not even Einstein could cover so much in a month) followed and learnt. What Jim taught me was a perspective pertaining to absolute price action being completely predictive of short term gains to deliverance. lol.

Jim, 5 years ago you started this, and you're one of the few who can share his knowledge indifferently. Going through this tread I can feel your pride. I like to only think and hope that we can all be the same, aspire to your example.

Heres a couple cents of mine. Ill come around again if I get time. JPM does me no favours but I still enjoy the socio-political aspects of it which is why i stick to it.

Hats Off Buddy..
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Anyone trade this long pin on USDCAD? Do you think it's good?
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Quoting supremeChaos
COOL!
i'd love to try that... although im not sure if i'll enjoy the speed of the ride

hey Avanish, have u tried such a ride?
hope u invite me to do that once i get to visit india. (how about in Pakistan, nasir, ghous?)
Trust me, the experience is anything but cool. When you're hanging on a wobbly railing for your dear life . . .

We have the problem of overloading of everything that can be potentially boarded. Ships, buses, rickshaws (the local taxi), trains, even donkey carts.

g.
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I believe . . .
Quoting Pumlitch
He's probably the guy with the yellow skirt stuck on the front of the locomotive
Looks like he boarded the train on the run (fast run).
That made me laugh out loud.

...

g.
I believe . . .
Quoting March2011
Anyone trade this long pin on USDCAD? Do you think it's good?
Ideally pinbars should be on swing high/low. That one looks like it's just in an area of congestion IMHO.
Quoting biDc
Ideally pinbars should be on swing high/low. That one looks like it's just in an area of congestion IMHO.
I am with biDc here,

That pin bar was better off moving away from a period of congestion rather than forming within it.

What would have an A+ setup looked like?

Refer to the second chart. See the space marked by the yellow lines which is practically absent in the original setup?

g.
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I believe . . .
Thanks Ghous and biDc, I learned a big lession here.
This AUDJPY at the end worked fine although it was risky to keep the position open during NFP

Cheers



Quoting AndreasF
Thanks, Pat

I'm watching this as well, daily close below 86.00 makes this look promising and we also have a nice space to FTA/EMA150

Andreas
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Quoting AndreasF
This AUDJPY at the end worked fine although it was risky to keep the position open during NFP

Cheers
I just got lucky with this trade, it almost stop me out. I entered the break of the 4HR pinbar.

Quoting TransPorter
BEOB formed in daily TF, closed below the trendline and round number 86.00. H4 TF, pinbar formed retested the trendline.
Quoting goldfish3
I started s**t a couple months ago. Being a researcher for JPM, I thought fundamentals and micro-technicals' were everything. Then I read Jim, randomly as he popped up in a Google search. Spent a month reading this thread and relentlessly (lots of pages but not 6000; not even Einstein could cover so much in a month) followed and learnt. What Jim taught me was a perspective pertaining to absolute price action being completely predictive of short term gains to deliverance. lol.

Jim, 5 years ago you started this, and you're one of the few who can...
hear hear...we are lucky to have found this thread. Jim has started something great here.
keep posting buddy.

jon
PATIENCE... DISCIPLINE
Quoting ghous
That made me laugh out loud.

...

g.
With pleasure

Hi guys,
I had been waiting all the week for this brakeout and it happend on friday afternoon and moreover after NFP release so I didn't dare to enter. Hmm, next time.
Nice weekend!
Jarda
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