james16 Chart Thread

Quoting mbqb11

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just a heads up for it to be a valid DBHLC the second bars close needs to close lower then previous bars low. That is more like a TBH/TBL break

Best,
M

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Quoting fl_tradin

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Ahhhhh, second close lower than the previous bars low.. I missed that part first time around.

Is there a file that outlines the rules for each formation and defines the acronym each one?

thanks
vince

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Quoting mbqb11

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Ty mimas

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In the PF it is more clearly laid out. Since this is a public thread it takes more scraping through posts to get each bit of information. But most formations on this thread are at one point(if not numerous times) given by definition. If there is any specific formation that you feel you missed the definition of feel free to ask.

Best,
Mike

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Quoting mimas

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Hi Mike,
Just a quick post to say a big thankyou for confirming that......your a very helpful chap....I have to agree on the 15m TF is what I used to trade that and getting chopped to death is a good analogy, one bit of news and your outa there.......!
Also agree it seems to me the more you trade the less you make.... it is as you say people feel they have to be trading full time.
Agree James is a smart cookie alright but Mike your not doing so bad yourself.....!
Stay Lucky.

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Quoting james16

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if all you new guys will just do the following for the next 3 to 6 months then i can promise you something. you will be glad you did. forget about all the confusing different indicators, approaches and systems and do something very simple.

for the next several months just demo daily and weekly pin bars. nothing else.
you will gain confidence instead of blowing your brain and account out trying to learn and do something different every other day. get your feet on the ground and then move into more complicated areas. its a process that takes practice and some time. the road to even a slowly growing account is littered with broken dreams, savings accounts, marriages, retirenment accounts and yes even lives. it happens because people do crazy things when they start out in this business. things they would never do in any other area of thier life.

couple of charts

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Quoting winterwhite

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James:

I have just started reading this thread as a new person
to this forum and a new trader. Can you explain "pins"
and their significance as referenced in your most recent
charts posted here?

Thank you

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Quoting shamstec

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talking about confluence
ma + some pivot indicator + fibo levels
what's the best ma setup to use ?
and the best pivot indicator ?
i have the auto pivot indi ( bivot + 3 r/s ) levels

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Quoting mbqb11

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the 365 and 150 and I personally liek the 200. All EMAs. You can use them as S/R and more advanced stuff that is taught in the PF that James teaches, which is beyond the scope of this thread.

The 365 is a must have

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Quoting shamstec

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you'r really helpfull
i'll use 365 ' 200 ' 150 ma's

but if any of them is in an area near to fibo level then it wd be confleunce ??

i know i'm asking many quistions :
it seems i'm following that u/ch idon't know why
it's retrarcing but i can't cach him with a reversal pa pattern
or shd i wait till it bounces off of 365 ma which is at wr & mr area ?
so what do u think ?
regards

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Quoting james16

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chart

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Quoting dingo432

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Looks good wiz

are you actually trading this?

it's just i find it easier to see all the good trades in hindsight but it can be tough in some situations to determine a profit taking strategy?

do you have a profit taking strategy for these kinds of markets/tf's?

im curious to hear how you actually play these, not trying to criticise, its a great analysis you have posted!

Thanks
dingo

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Quoting mbqb11

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yeah the idea is to find confluence with Fibs and MAs. Scroll back over a daily/weekly with just the 365 alone. Look for price action at these areas. Same thing with the swissy. Don't just assume a top is occuring or price should reverse. Look for price action to give you confirmation. Don't go chasing a trade, let the setup fit your criteria, and your odds of success will increase greatly

Best,
Mike

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Quoting shamstec

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hi mike
thanks a lot
now i 've ma's . fibo ( manuall )
but still can't find a suggestion for a good pivot indi
what about the one attached yesterday ??
e/u today has bounced off of 200 ema on 4h
now i know why u like it
thanks again
regards

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Quoting mbqb11

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I don't use a pivot indicator myself, but the best one out there is the one made by habeeb

http://forexfactory.com/showthread.p...ighlight=pivot

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Quoting the_wizard

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Hi Dingo,

The Bund is the only market I am currently watching.

I have decided to concentrate on one market only and specialise in it.

I chose the Bund for several reasons. Mainly because I wanted a fresh start - I wanted to try and forget everything I know and look at the market with an uncluttered mind. Since this is so hard to do, I chose to trade a market that I know nothing about and that I have never watched before.

Since I started I have heard that the German Government Bond market has a lot of professional players in it and is one of the hardest markets in the world to trade and I love a challenge so I am very excited.

I'm taking with me what I have learnt about PA from James and I am going to apply it to this market and learn to trade it profitably.

I've not started trading this market live yet - I am still learning all I can and stalking it carefully but I've noticed that you can play different strategies on different time frames. On this time frame, you could use PA for the setups and take profit when you have 5 pips. Your stops would usually be a little more than this so the risk/reward will never look good on a per trade basis but the 10-3 win loss ratio per day, that I outlined above seems pretty standard from my testing so far.

Tom

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