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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

  • #141,561
  • Feb 13, 2018 3:18am Feb 13, 2018 3:18am
Quoting mallee
USDJPY {image}Time to go long or can we aim for 100 ?
what was the trigger to go short here?
  • #141,562
  • Feb 13, 2018 4:08am Feb 13, 2018 4:08am
Quoting sirovai
{quote} what was the trigger to go short here?
The doji that closed up off the box.I treated it as a retrace .
  • #141,563
  • Feb 13, 2018 5:24am Feb 13, 2018 5:24am
Quoting mallee
{quote} The doji that closed up off the box.I treated it as a retrace .
But wasnt it too risky with that support area?
Malle if its not clear i'm not investigate your business i'm only try to understand.
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  • #141,564
  • Feb 13, 2018 7:28pm Feb 13, 2018 7:28pm
Quoting sirovai
{quote} But wasnt it too risky with that support area? Malle if its not clear i'm not investigate your business i'm only try to understand. {image}
No problems,Iwas way late picking this up and missed half the move.
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  • #141,565
  • Feb 14, 2018 10:11am Feb 14, 2018 10:11am
Quoting sirovai
Hi Guys, what do you think about this PB? {image}
Yeah, I saw it. Only reason I didn't take it was because it was going against the prevailing monthly trend. Slightly higher risk than I wanted.
  • #141,566
  • Feb 14, 2018 3:29pm Feb 14, 2018 3:29pm
Quoting richadi36
{quote} Finally I got my targeted profits of my 2 out of 3 open positions that have been opened for 4 weeks. One is almost close to target. So far around 1400 pips was won and another 640 pips is close to be hit...{image}{image}{image}
Hey Richadi36 !i just want to aske same questions please, you said that you hold your positions opned for 4 weeks,how much you put in Lot of that kind of position? because i think it's that your SL may be hit if the Tred goesn against you, or not??
thank you and good luck.
  • #141,567
  • Feb 14, 2018 5:56pm Feb 14, 2018 5:56pm
Quoting Ebont74
{quote} Yeah, I saw it. Only reason I didn't take it was because it was going against the prevailing monthly trend. Slightly higher risk than I wanted.
I actually took the trade for these reasons:-

  1. I thought it was a good location; just under resistance
  2. Dollar weakness and
  3. Seemed a good confluence of pinbar, dollar weakness and 61.8% Fib Retracement.


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Trade well.
  • #141,568
  • Feb 15, 2018 2:38am Feb 15, 2018 2:38am
Quoting krismitt
{quote} I actually took the trade for these reasons:- I thought it was a good location; just under resistance Dollar weakness and Seemed a good confluence of pinbar, dollar weakness and 61.8% Fib Retracement. {image} Trade well.
The same for me. Ive just closed half position. let run the remain as far as possible
  • #141,569
  • Feb 15, 2018 4:48am Feb 15, 2018 4:48am
I think there is a good PB on GBPGPY. I've a buy stop over 150.
We have a trendlineline (not confirmed yet), a triple fib confluence and a BRN.
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  • #141,570
  • Feb 15, 2018 8:13pm Feb 15, 2018 8:13pm
GU,long from yesterdays BUOB daily.Stalled at fta atm.
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  • #141,571
  • Feb 15, 2018 8:29pm Feb 15, 2018 8:29pm
Quoting sirovai
I think there is a good PB on GBPGPY. I've a buy stop over 150. We have a trendlineline (not confirmed yet), a triple fib confluence and a BRN. {image} {image}
Yep watching it,going nowhere atm.Might have to wait for London for direction.Good analysis too Sirovai.Time to go live?
  • #141,572
  • Feb 15, 2018 9:31pm Feb 15, 2018 9:31pm
Quoting mallee
GU,long from yesterdays BUOB daily.Stalled at fta atm. {image}
Closed~75
  • #141,573
  • Feb 16, 2018 1:48am Feb 16, 2018 1:48am
Quoting mallee
{quote} Yep watching it,going nowhere atm.Might have to wait for London for direction...
Yes. I bought once the pin was brake over 150... Im only happy because the yesterday candle print an HH and HL..
Why didnt you trade it mallee?

Quoting mallee
{quote} Good analysis too Sirovai.Time to go live?
Not the time at this point. I've to build a profitable strategy. I thin i nedd at least a couple of month.
I'm finding a method that fit me
  • #141,574
  • Feb 16, 2018 3:08am Feb 16, 2018 3:08am
Quoting sirovai
{quote} The same for me. Ive just closed half position. let run the remain as far as possible
ive just closed another half position so im in with 1/4 of my initial position.
  • #141,575
  • Feb 16, 2018 3:13am Feb 16, 2018 3:13am
Quoting sirovai
{quote} Yes. I bought once the pin was brake over 150... Im only happy because the yesterday candle print an HH and HL.. Why didnt you trade it mallee? {quote} Not the time at this point. I've to build a profitable strategy. I thin i nedd at least a couple of month. I'm finding a method that fit me
Those doji's bother me Sirovai,the BOJ are notorious for meddling when it feels the currency is too strong+there is red flag news for GB due shortly.
Bty,I remember you saying you'r trading 5% risk on demo.Way too much imo.No offence intended.Al
  • #141,576
  • Feb 16, 2018 3:27am Feb 16, 2018 3:27am
Quoting afgan84
{quote} Hey Richadi36 !i just want to aske same questions please, you said that you hold your positions opned for 4 weeks,how much you put in Lot of that kind of position? because i think it's that your SL may be hit if the Tred goesn against you, or not?? thank you and good luck.
Hi Afgan84, IMO the higher the timeframe the better the signals work for your favor. Of course it takes time to work out and the SL will be wider. Here you should keep MM. You can also move your SL to breakeven or close half of your position if you think that the trend might go against you...
profitable trading does not mean trading everyday
  • #141,577
  • Feb 16, 2018 3:41am Feb 16, 2018 3:41am
Quoting mallee
{quote} Those doji's bother me Sirovai,the BOJ are notorious for meddling when it feels the currency is too strong+there is red flag news for GB due shortly. Bty,I remember you saying you'r trading 5% risk on demo.Way too much imo.No offence intended.Al
Thanks for the explanation mallee.
Youre right. Im risking 5%. For now im not focused on this. Anyway once i'll pass to live i will risk only 2%. (J16 method)
  • #141,578
  • Feb 17, 2018 3:29am Feb 17, 2018 3:29am
USDCHF,lovely 2D PB
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  • #141,579
  • Feb 17, 2018 4:13am Feb 17, 2018 4:13am
Mallee what do you think about beob on the EurUsd?.


I'm stuck in the GbpJpy long... It didn't it my SL for few pips... it seemed a good PB.
On the other side My usdcad was stopped at BE but I banked some profit that could be blown out by the GbpJpy. I think my MM doesn't work well.
  • #141,580
  • Feb 17, 2018 9:46am Feb 17, 2018 9:46am
EUR/USD BEOB
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AUD/USD Weekly
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profitable trading does not mean trading everyday
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