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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

  • #17,621
  • Dec 29, 2008 8:58pm Dec 29, 2008 8:58pm
Quoting johnbaem
EU Chart. Will see how it works. Good nite people!

Attachment

Morning.

Whatta pin it goes ya. Reach my SL around 90 pips. Gonna watch for EU today before re-enter.
  • #17,622
  • Dec 29, 2008 8:58pm Dec 29, 2008 8:58pm
Quoting bundyraider
This was when I knew better. About 15 months ago or so. Pure entry mistake.

...If you're talking about when I first started. ...well...lol... Probably not as bad as %50, but wouldn't have taken many losses to put me out of the game.

To think that now I tend to think I'm putting on a large trade if I go over 1%!! ...Have come a long long way!
A long way indeed. At least now we know better & can actually take advantage of trading in a logical, sensible way.
  • #17,623
  • Dec 29, 2008 10:42pm Dec 29, 2008 10:42pm
Good evening guys,

I am observing a rather interesting follow thru for eur/usd in the Asian session.
Price clearly bounced off of the 50 fib of today's move and a bearish outside bar on H1 is developing. Now, my question is, as I clearly missed the train to add onto my position on the 50 fib touch would a break down of that bearish bar be prudent to short again ? Chart is attached
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 94 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #17,624
  • Dec 30, 2008 12:57am Dec 30, 2008 12:57am
Quoting djambazov84
Good evening guys,

I am observing a rather interesting follow thru for eur/usd in the Asian session.
Price clearly bounced off of the 50 fib of today's move and a bearish outside bar on H1 is developing. Now, my question is, as I clearly missed the train to add onto my position on the 50 fib touch would a break down of that bearish bar be prudent to short again ? Chart is attached
Hi Djam ,

A bit slow for a reply to that one sorry, but a good entry point would have been a break low of that first inside bar a few bars earlier.
Bundy's status today: "Waiting..."
  • #17,625
  • Dec 30, 2008 3:23am Dec 30, 2008 3:23am
Morning, all.
I'm not intending to trade before next monday, but..................
............did see this.
Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: 15m1.gif Size: 19 KB
  • #17,626
  • Dec 30, 2008 3:53am Dec 30, 2008 3:53am
Waiting for some PA to (hopefully) form off this area. Confluence of 50% fib from previous major swing down and 61% fib from latest small swing on the hourly.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 301208 1h.gif Size: 19 KB
History will be kind to me, for I intend to write it - Winston Churchill
  • #17,627
  • Dec 30, 2008 4:11am Dec 30, 2008 4:11am
Guys, i need some opinion.

1) Ive seen nice pin yesterday performing on EU but i do belive that all of you might see that currently the price breaching that pins and moving north.

My question,

Does it bcoz previous candle before that pin does not meet up the requirement. The close price is higher than IB for the pin.

I need some explanation.

Regards
  • #17,628
  • Dec 30, 2008 4:19am Dec 30, 2008 4:19am
Quoting johnbaem
Guys, i need some opinion.

1) Ive seen nice pin yesterday performing on EU but i do belive that all of you might see that currently the price breaching that pins and moving north.

My question,

Does it bcoz previous candle before that pin does not meet up the requirement. The close price is higher than IB for the pin.

I need some explanation.

Regards
Which time frame?
I believe . . .
  • #17,629
  • Dec 30, 2008 4:29am Dec 30, 2008 4:29am
Quoting Interceptor
Morning, all.
I'm not intending to trade before next monday, but..................
............did see this.
Any thoughts?
On my feed the Pb was not tehnically perfect, the location however is superb!
Attached Image (click to enlarge)
Click to Enlarge Name: cj.gif Size: 10 KB
I believe . . .
  • #17,630
  • Dec 30, 2008 4:31am Dec 30, 2008 4:31am
Hello Everyone here at J16 thread,

I am reading the topic for some time now and really impressed with the method described here.

I first heard about FF and J16 way of trading over an other board.

I started trading about 6 months ago with simulators and demo accounts to get a grip on it. I went to the usual path to find he grail, test it and look for an other one soon. Then i started to follow the 3 ducks system, which is very simple but needs loads of screen time and working in a full time job, that is not possible.

I read a lot on sites, from books and everywhere to get more knowledge. Unfortunately this all doesn't matter if i don't put in the hours. But -was my dilemma-, how can i put my effort in a system where i just need to be there to pull the trigger when some indicator or signal teling me to do so but don't have the time to do it?

I am really glad to find you people here and on that other board too. This is just what i need for a trading from daily charts.

So i can say thank you now to everyone who filled the many pages here already I already make a good use of it, as in about a couple of months ago i decided to follow this thread and learn from here.

Good trading!
  • #17,631
  • Dec 30, 2008 4:36am Dec 30, 2008 4:36am
Quoting ghous
Which time frame?
Daily. Is previous pin does not count as pin?
  • #17,632
  • Dec 30, 2008 4:40am Dec 30, 2008 4:40am
Quoting HWick
Hello Everyone here at J16 thread,

I am reading the topic for some time now and really impressed with the method described here.

I first heard about FF and J16 way of trading over an other board.

I started trading about 6 months ago with simulators and demo accounts to get a grip on it. I went to the usual path to find he grail, test it and look for an other one soon. Then i started to follow the 3 ducks system, which is very simple but needs loads of screen time and working in a full time job, that is not possible.

I read a lot on sites,...
Hi Hwick!

I can assure you that you've found yourself the right place to be in specially for a person like you who is keen to trade off the daily everything here is just gold!

Congrats and a very warm welcome onboard

Regards,
Ghous.
I believe . . .
  • #17,633
  • Dec 30, 2008 4:50am Dec 30, 2008 4:50am
thank you Ghous, much appreciated

I tried to force lower TFs but gave it up. Now the lowest is the 4H as the lowest TF i can possibbly manage.
  • #17,634
  • Dec 30, 2008 4:56am Dec 30, 2008 4:56am
Quoting johnbaem
Daily. Is previous pin does not count as pin?
That was not a Pin John, It was a BEOB, a quite strong one though.

The reasons for the upmove have got to do with the strong support at 1.39. the BEOb does look extremely good however a good trader would have taken note of the lows before the BEOB and the fact that the BEOB did not break 1.39.

A sensible entry point seems like anything below 1.39 which suggests all the clever minds out there are still very much safe

Regards,
Ghous.
I believe . . .
  • #17,635
  • Dec 30, 2008 5:01am Dec 30, 2008 5:01am
Quoting ghous
On my feed the Pb was not tehnically perfect, the location however is superb!
If you were entering this, would a break of the round number @ 85.000 be a good spot?
  • #17,636
  • Dec 30, 2008 5:03am Dec 30, 2008 5:03am
This bar didn't close technically as a pb as its close was 1 pip above the high of the previous bar. I would also have liked to have seen a longer nose in relation to the overall size of the bar. 1h timeframe is not my favourite, I prefer Daily and 4h. Any thoughts on this bar?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 301208v2 1h.gif Size: 17 KB
History will be kind to me, for I intend to write it - Winston Churchill
  • #17,637
  • Dec 30, 2008 5:10am Dec 30, 2008 5:10am
Quoting ghous
That was not a Pin John, It was a BEOB, a quite strong one though.

The reasons for the upmove have got to do with the strong support at 1.39. the BEOb does look extremely good however a good trader would have taken note of the lows before the BEOB and the fact that the BEOB did not break 1.39.

A sensible entry point seems like anything below 1.39 which suggests all the clever minds out there are still very much safe

Regards,
Ghous.
Oh yeah. BeOB but its very strong support at 3900. If today bars is within this range, can we consider that later it react as BuOB bars?
  • #17,638
  • Dec 30, 2008 5:15am Dec 30, 2008 5:15am
Quoting Pie Trader
This bar didn't close technically as a pb as its close was 1 pip above the high of the previous bar. I would also have liked to have seen a longer nose in relation to the overall size of the bar. 1h timeframe is not my favourite, I prefer Daily and 4h. Any thoughts on this bar?
The location sure is great! and abt the 1 pip difference I don't think that really is a big deal a pip here and there does'nt really destroy a pb

You taking it?
I believe . . .
  • #17,639
  • Dec 30, 2008 5:17am Dec 30, 2008 5:17am
Quoting johnbaem
Oh yeah. BeOB but its very strong support at 3900. If today bars is within this range, can we consider that later it react as BuOB bars?
No John, if today's bar stays within the range of the BEOB it won't be a BUOB it will be an Ib (Inside bar)

Cheers,

Ghous.
I believe . . .
  • #17,640
  • Dec 30, 2008 5:25am Dec 30, 2008 5:25am
Quoting ghous
The location sure is great! and abt the 1 pip difference I don't think that really is a big deal a pip here and there does'nt really destroy a pb

You taking it?
Yeah, I decided to get in. The location overrode the other factors in the end for me. My first TP is at 1.4140 which occurs with the 50% fib of the small swing down and the previous bar highs. From there I plan to move my other half not to BE, but just down a few pips from where it is currently placed above the high of the pb so that it becomes a free trade. That way I plan to try and ride the other half down rather than cutting it too short. I still think we've got plenty of room to move south for this pair.
History will be kind to me, for I intend to write it - Winston Churchill
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