james16 Chart Thread

Price Action Gurus...

Take a look here...

I am still Bullish toward GU as LH and LL is not created yet...as for 4H TF...

HERE

Any comment??

http://forexfactory.com/attachment.p...1&d=1221810246

Sonic

I entered this trade at a real swing high. (It was a pin.) My fault I asked on the wrong way. If You are short and trailing a SL according to DOW THEORY, how to move the SL. Was the green bar high a new high? Or no, the valid high is still the BEOB high?
Sorry, and THX, NL

I have been using candles for my entries,
I use them for all my pa.
I have been finding that the truth is as Ryan says & pa is the same no mater what tf one uses....

8hr pin on a/u. Maybe a chance to short

Hi Lyra,

More like a TBH or a two bar high.

There are however possible pins forming on the USDJPY and USDCHF 4 hrs.....a little way to go until bar close though. The USDJPY one is at the confluence of the 150 & 365 EMA's also....nose is a bit short at present.

Man you guys are far too active here, had to read up over 200 posts again

If anyone asks me, Vulcan-archi = Fibbin-archi.

I still wonder where that perverse joy comes from that people seem to take from doubting EVERYTHING. I'm all for exposing frauds and shills, but uhm...okay here's how I see it:
These cries for statements are supposed to give some sort of credibility to a method. But even if they're supplied - does that take one inch of the problem that THE OTHER GUY/GIRL can do it, but YOU still have to learn how to?
No!
You're still stuck at square one but now have one more guy to envy for his pocketbook. Great, what an achievement that just was.

If you ask me - you know what gives a method credibility? Research. Being a trader means being able to understand(!) what makes a trade work and what does not. Once this has dawned on you, you no longer ask for statements, but simply for functional details, because you already know what it is you're looking for and whether or not this is something you may want to integrate into your trading.

After that it's just self-application and practice and that's that.
Look at Jeff - obviously it's a lot simpler to just TRY than to spend x posts refuting, fussing, discrediting.
Who'd have thought.

The market functions in repeatable patterns and mechanics, and functional approaches will most of the time have common elements you can recognize. Period.

Why some folks(and we have at least 3-4 big time "skeptics" on this forum that I know of alone that seem to LIVE for doing it) have to bang EVERYTHING down I don't know. If they do it in the "50 indicators on chart + buy the Gold edition of the indicator" and "turn over 1000$ a day!!!!!" threads I understand 100% - why they do it with folks who obviously have a clue, I don't.
All they stand to gain is the above situation - either more reason for envy/jealousy/confirmation that, indeed, there are people in the world that can make money trading - what news that is - or more "proof" for them to stay in their disbelief shell of "everyone is just a fraud on the internet and nothing works" (also quite a novel thing, that, internet and fraud..).

What a sucky life perspective THAT is. I'd rather live with hope and perspective than doubt and fear that everyone is out to fool me..make the best of what IS out there, looking for function rather than trying to look for dysfunction.

Mind, it's the attitude/perspective I'm criticizing, not the attempt to expose per se. I'm all for that and have done my own share of rabid doubting
Some of which I'm still a bit ashamed of actually as it was far too overzealous when it happened.

I just think it's a waste of time disputing something folks have done for 400+ years(candlestick trading) and as has been so aptly said by many here now - if you don't like it, just don't do it.

--

I also really liked Mike's post on this
http://forexfactory.com/showpost.php...ostcount=13729
and agree 100%.

--

Now that's out of the way, I'll post some stuff I've got lying around..some of it is a bit dirty as it's basically stuff I only wanted to post in my journal, but since one of the things we always hear is nobody posts things ahead of time or as they happen, I think these are some okay examples that it IS possible to actually think a few pips "ahead" and actually have it happen, too.

EURAUD progression - this has been posted in parts 1+2 a while back, just wanted to show what happened at/after 1.68 to illustrate how simple market logic can be those times it does obey

DJI futures. Posted "live" to my journal. I do not have futures/stocks yet, but just opened an account with a broker for that. I tried to demo take it, but it seems trading was already disabled since I was still using the old futures contract. Didn't realize that until now
Either way, this is a trade I would have taken and Jim commented on before as well - 1h PB with massive divergence at the very low, and in this case after a wedge out imho.

My initial target/limit was just below 11000, it ended up hitting almost at 11500 right now. 190 stop, 580+ moved at the moment.

EURCHF.
This was another one I took.
I left it at around 1.59xx levels as it became clear we'd be moving back up above 1.6 again first.

Yep that was a great trade. Big weekly level. I took that yesterday. Still holding...

man give it a break..life is to short

Hi

I am just concentrating on pb and dbhlc (using support and resistance)

I was wondering to see if anyone had developed an DBHLC indicator with an alert ?

Thanks

[quote=Vulcanarchi;2231726]It's purely to PROVE that the trading method works in a REAL LIVE enviroment. Some here actually trade with real money, and they actually make 'real' trades. To know for SURE that someone is actually making money from a method themselves, and trading their own money too, is the best as it gets for you to be achieving the same consistant results.

I have traded for over 7 years and I'm still here, trading for a living, I'm know what I'm talking about quote]

Dear Vulcanarchi!
The above 2 quotes are from You. In the light of the "rants", I think it would be a good move to show us Your last 2 years results. "It's purely to PROVE that the trading method works in a REAL LIVE enviroment."
Because than, We knew, You are real trader, with real results, and than Your opinion had a big weight.
No offense meant to anyone, NL

Hey Wiz, nice seeing ya around
That's excellent
Hold and trail until they fail

Vulcanarchi, I come in peace. Would you mind contributing something to the thread, whether it is constructive criticism or actual examples of why this trading style has failed? I would very much like to glean something from your astronomical wisdom.

Patrick does not need the defense He knows that he is making loads of money by trading J16's system. If someone does not like that, so be it.

Just to add some thought on his EURCHF chart, we are seeing a weekly PIN here. It comes off from EMA(365) and PPZ. If people decide to take it, just be careful on where to take off.

Cheers!

I took the same one, I would like to ask you some questions about management, usually i do it this way.

1. enter trade with 3 parts/lots, SL at opposite end of PB
2. take 1 lot out at *38% of PB, leave SL the same
3. take 2nd lot out at *1:1, move SL to BE
4. trail 3rd SL using PA

*if there are major S/R areas above/below my targets I move them acordingly

that means that right now I'm negative waiting for 2 lots to hit my SL, turning this winner a loser, I mean...the trade is not over yet, but in case it goes up, what would you have recomended I did, maybe I just have to take it in the chin and move on.

Hi All,

I would like to share UJ any possible the price move down ???/

looking at the weekly, i would like to see Uj atleast test the 110 level if does not break it...the bullish move is not yet over, even when we saw some nice moves down to as low as 104 on the daily, again on the weekly all we see is long pointy noses touching these levels, the bulls are far from giving up...

Thank you sir for your advise, 110 is the target of the journey...
the major trend line to be complete when touch this level...

regards,
my30marahaba