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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

  • #20,161
  • Feb 2, 2009 7:22am Feb 2, 2009 7:22am
Jarroo,

Many of us are learning a lot from your trades, even when you get stopped out! You spot things some of us just don't see, so keep these charts coming man!

berti
PA is where its at!!
  • #20,162
  • Feb 2, 2009 7:23am Feb 2, 2009 7:23am
Bertie, I don't have much expertise, but that is only a 1h pin, and I know there are better trades out there. I am only saying this because of what you had written only a few posts back. If one of these guys tells you its a good trade though, feel free to ignore me
edit: but use your own judgement, you know what level I am on I am going to take some time away from spamming this thread hehe, GL all
  • #20,163
  • Feb 2, 2009 7:37am Feb 2, 2009 7:37am
Quoting Jlr
Just was so eager to jump in!
Quoting Chris P
Be careful here buddy. $50 to $200, that's a 400% increase!
Quoting Jlr
You're right, I didn't really do the best of job sticking to my plans, nor proper money allocation. Was actually a mistake though on the $ allocation part.
Quoting Jlr
I traded 3 lots total, and was almost stopped out pretty fast .
Visual representation of how I felt just reading this . . .

http://blog.seniors-site.com/wp-cont...8/03/heart.jpg

Pretty sweet that you didn't have to deposit though . Nobody ever survives without proper money management in the long term though


Quoting jarroo
I was looking for more of a longer term trade.

Now watch it go to the moon. lol
400Pips down already and it's only 1PM here in GMT time, pretty insane volatility. Feeling like going long on Cable for a couple of years are we Jim ?

Quoting bertie123
Hi Guys

1 hour pin at swing high has just broken on this pair. Looks like a decent setup if watched closely. Pin at swing high and 38% fib retrace
Saw this one and didn't like the look of it, was looking at different levels to short. Trading back into the .90 level . .

Probably going to tank down now and never look back
  • #20,164
  • Feb 2, 2009 7:51am Feb 2, 2009 7:51am
Quoting jarroo
2nd Half stopped out.
well done Jaroo, congrats for ur win and thx for sharing ur trade with us. ur way's of trailing sl is very helpful to me.

may I ask why u enter at the group PB break instead of that signal low PB break?
  • #20,165
  • Feb 2, 2009 7:53am Feb 2, 2009 7:53am
Nothing in terms of long signals yet, .61 Fib looks playable as well. Sitting on the .39 . . .
Attached Image (click to enlarge)
Click to Enlarge Name: cable make or break.gif Size: 23 KB
  • #20,166
  • Feb 2, 2009 7:58am Feb 2, 2009 7:58am
Quoting Piproo
well done Jaroo, congrats for ur win and thx for sharing ur trade with us. ur way's of trailing sl is very helpful to me.

may I ask why u enter at the group PB break instead of that signal low PB break?


The preivous PB had failed and the PB looking Inside Bar broke to the downside. So the PB the Jim talked about wasn't the best, in traffic and so on. Price had to prove to me by breaking the entire group. I needed more confirmation then just the low PB break.
Indicators show the past. Price Action "Indicates" the future.
  • #20,167
  • Feb 2, 2009 8:02am Feb 2, 2009 8:02am
Quoting Jlr
You're right, I didn't really do the best of job sticking to my plans, nor proper money allocation. Was actually a mistake though on the $ allocation part. Meant to leave myself about 100 pips in the other direction, before I went bust. I found out halfway through my trade from reading up online, that I would be stopped out after I had lost half of my account value...

I actually don't have a job right now, I had been playing poker for the last 3 years, but have completely lost interest over the last few months. I am trying to make the transition...
Hi, jlr. Im happy to heard you got lucky on your first live trade. You already had said it, not follow propet MM rules. I suggest reading the very first post on this tread, and pay especial atention to the "MINIMUM REQUIREMENTS" rules. I also suggest read james16's 100 pips per month advice on the PF at http://www.james16group.us/Guests/guestmaterial.html#

You should also take time watching all the free videos there.

Regards....

Osiris
  • #20,168
  • Feb 2, 2009 8:06am Feb 2, 2009 8:06am
Quoting jarroo
The preivous PB had failed and the PB looking Inside Bar broke to the downside. So the PB the Jim talked about wasn't the best, in traffic and so on. Price had to prove to me by breaking the entire group. I needed more confirmation then just the low PB break.
Ok, make sense now. Thx, so it's more like break the goup PB = break the traffic.

Also I noticed if we combined the 3 PB with the bull candle right after, it's a big PB too. hmmmm, very interesting!

Thanks again, Jarroo
  • #20,169
  • Feb 2, 2009 8:25am Feb 2, 2009 8:25am
Quoting Piproo
Ok, make sense now. Thx, so it's more like break the goup PB = break the traffic.

Also I noticed if we combined the 3 PB with the bull candle right after, it's a big PB too. hmmmm, very interesting!

Thanks again, Jarroo
Good eye Piproo. Combining candles (bars) can be an effective way of looking at Price Action that others may not see. Just remember that you have to combine the other candles as well. Ex. 2 day Pin Bar still has to be within the 2 day previous bar and so on.
Indicators show the past. Price Action "Indicates" the future.
  • #20,170
  • Feb 2, 2009 8:30am Feb 2, 2009 8:30am
Quoting jarroo
Good eye Piproo. Combining candles (bars) can be an effective way of looking at Price Action that others may not see. Just remember that you have to combine the other candles as well. Ex. 2 day Pin Bar still has to be within the 2 day previous bar and so on.
Jarroo,

Just wondered how often you combine 2 bars to get a pinbar? Spotted a couple of these last week but was not sure how to play them. I take it that they are valid on any timeframe?

berti
PA is where its at!!
  • #20,171
  • Feb 2, 2009 8:31am Feb 2, 2009 8:31am
Quoting jarroo
Good eye Piproo. Combining candles (bars) can be an effective way of looking at Price Action that others may not see. Just remember that you have to combine the other candles as well. Ex. 2 day Pin Bar still has to be within the 2 day previous bar and so on.
hmmm, interesting..very interesting, so it's like PA in different tf, make sense.

I have marked the open with yellow and close with red of the 4 candle, it was a great PB at extreme and open close within left eye

wow, u played a great 4days' pinbar break out!

http://clip2net.com/clip/m11384/1233584923-clip-3kb.png
  • #20,172
  • Feb 2, 2009 8:35am Feb 2, 2009 8:35am
Quoting bertie123
Jarroo,

Just wondered how often you combine 2 bars to get a pinbar? Spotted a couple of these last week but was not sure how to play them. I take it that they are valid on any timeframe?

berti
You play them just like any other PA setup. Location, PPZ and other supporting confluences.

8 Hour Eur/Jpy:
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #20,173
  • Feb 2, 2009 8:44am Feb 2, 2009 8:44am
Quoting Piproo
hmmm, interesting..very interesting, so it's like PA in different tf, make sense.

I have marked the open with yellow and close with red of the 4 candle, it was a great PB at extreme and open close within left eye

wow, u played a great 4days' pinbar break out!

Indicators show the past. Price Action "Indicates" the future.
  • #20,174
  • Feb 2, 2009 8:44am Feb 2, 2009 8:44am
Quoting jarroo
You play them just like any other PA setup. Location, PPZ and other supporting confluences.

8 Hour Eur/Jpy:
Jumped into this at 114.20. Stop under pinbar. Will take some off around 115 and move stop to B/E. Entered with the support at 113 holding.

Still thinking EUR quite bearish if using daily/weekly only.

AUD/NZD - entered a few days back on the daily pinbar. Took some off near the lows and got stopped out when I brought remainder back to B/E...

CHF/JPY - Considering a long on 8 hour pin... in traffic though and not great R:R if I use bottom of pin as stop...


Josh
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 020209.GIF Size: 35 KB
  • #20,175
  • Feb 2, 2009 8:52am Feb 2, 2009 8:52am
Quoting Jduester
Jumped into this at 114.20. Stop under pinbar. Will take some off around 115 and move stop to B/E. Entered with the support at 113 holding.

Still thinking EUR quite bearish if using daily/weekly only.

AUD/NZD - entered a few days back on the daily pinbar. Took some off near the lows and got stopped out when I brought remainder back to B/E...

CHF/JPY - Considering a long on 8 hour pin... in traffic though and not great R:R if I use bottom of pin as stop...


Josh
1st target I have is 114.75. Anything beyond that is gravy.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #20,176
  • Feb 2, 2009 8:56am Feb 2, 2009 8:56am
Question....how do you get an 8H chart on FXPro(MT4)?
  • #20,177
  • Feb 2, 2009 8:59am Feb 2, 2009 8:59am
Quoting xcov
Question....how do you get an 8H chart on FXPro(MT4)?

Period converter:
Attached File(s)
File Type: ex4 periodcon.ex4   10 KB | 650 downloads
File Type: mq4 periodcon.mq4   16 KB | 795 downloads
Indicators show the past. Price Action "Indicates" the future.
  • #20,178
  • Feb 2, 2009 9:01am Feb 2, 2009 9:01am
Once installed. Add "periodcon" to your chart. Go to "inputs", there go to "Period Multiplier". If your on the 4 hour you would input "2" for the 8 hour chart. or "3" for the 12 hour chart , "4" for the 16 hour chart and so on.

Next:
Go to "File" and click "Open Offline" . Pick your time frame and pair you convertered and Click "Open". Then just add your template. Done.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #20,179
  • Feb 2, 2009 9:06am Feb 2, 2009 9:06am
Quoting jarroo
1st target I have is 114.75. Anything beyond that is gravy.
Target hit and 2nd half moved to break even.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #20,180
  • Feb 2, 2009 9:10am Feb 2, 2009 9:10am
Quoting jarroo
Target hit and 2nd half moved to break even.
It almost always does this when I take the 1st half off. lol
Attached Image
Indicators show the past. Price Action "Indicates" the future.
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