james16 Chart Thread | Page 1246 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #24,901
  • Mar 25, 2009 11:28pm Mar 25, 2009 11:28pm
great find joe.

whatever happens this is an example of a nice set up that has given a nice profit and should be "thanked" by taking partial profit or AT THE VERY LEAST STOP IS AT BREAKEVEN.

We then relax and watch for a hard break thru those bar lows. when it does we smile and know we just did something from a standpoint of knowledge and not hope or guessing.

jim

Quoting joebryce
Broke just like Jaroo likes to see. Let's see what happens tonight.
  • #24,902
  • Mar 25, 2009 11:30pm Mar 25, 2009 11:30pm
Quoting jarroo
Beautiful.

This break confirmation puts the "plus" in an "A+" trade in my book.
Man those ones always makes me drool, but I'm still forbiding myself to trade lower than dailies after profiting 6 months in a row with daily+weekly.
  • #24,903
  • Mar 25, 2009 11:32pm Mar 25, 2009 11:32pm
Quoting james16
great find joe.

whatever happens this is an example of a nice set up that has given a nice profit and should be "thanked" by taking partial profit or AT THE VERY LEAST STOP IS AT BREAKEVEN.

We then relax and watch for a hard break thru those bar lows. when it does we smile and know we just did something from a standpoint of knowledge and not hope or guessing.

jim
and a little thanks to you big guy
  • #24,904
  • Mar 25, 2009 11:33pm Mar 25, 2009 11:33pm
this one chart and the first one from joe should keep all of you up tonight thinking about the day when

1. you only take the best set ups like these and...

2. your doing it with a very large account and the subsuquent money means you can tell your boss good bye and good luck.

jim



Quoting jarroo
Beautiful.

This break confirmation puts the "plus" in an "A+" trade in my book.
  • #24,905
  • Mar 25, 2009 11:35pm Mar 25, 2009 11:35pm
your my hero.




Quoting marcelnyo
Man those ones always makes me drool, but I'm still forbiding myself to trade lower than dailies after profiting 6 months in a row with daily+weekly.
  • #24,906
  • Mar 25, 2009 11:35pm Mar 25, 2009 11:35pm
Quoting marcelnyo
Man those ones always makes me drool, but I'm still forbiding myself to trade lower than dailies after profiting 6 months in a row with daily+weekly.

Touché, friend.
Indicators show the past. Price Action "Indicates" the future.
  • #24,907
  • Mar 25, 2009 11:36pm Mar 25, 2009 11:36pm
Quoting frankm7
Greetings! This is my first post I've been demo trading for about 3-4 months unsuccessfully. I found this thread and so far have been very impressed! I'm on page 132 and I intend to read through it all. Then, I'll join the PF and continue learning... I am truly grateful to James and everyone else who has invested their time on this amazing thread.

Here is my first question, is what I highlighted in blue a PPZ? It seems that the area is strong S/R. Thanks in advance!
Hey frank,

although I'm not a senior member, I'd like to welcome you to our lively community here, please do read the public thread for awhile before you join, and I hope you eventually do Join the PF but I can tell you this : I blessed the day I read diallist's signature, never looked back since.

Quote
James16 made me profitable.
  • #24,908
  • Mar 25, 2009 11:37pm Mar 25, 2009 11:37pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, James, on my screen, I am sitting beside you now, what an honor !

Probably I jumped into this trade too early? or can this be a plus A setup? thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: eg daily dblch mar.26.09.gif Size: 11 KB
  • #24,909
  • Mar 25, 2009 11:38pm Mar 25, 2009 11:38pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Pity, he left, just in a second

Quoting krue
Hi, James, on my screen, I am sitting beside you now, what an honor !

Probably I jumped into this trade too early? or can this be a plus A setup? thank you.
  • #24,910
  • Mar 25, 2009 11:40pm Mar 25, 2009 11:40pm
you have really hung in there joe.

im to busy to notice people until or unless they are hanging in there.

you qualify,



jim

Quoting joebryce
and a little thanks to you big guy
  • #24,911
  • Mar 25, 2009 11:54pm Mar 25, 2009 11:54pm
hey krue,

the honor is all mine.

your taking a very big risk jumping into this before it broke the top of your two day "pin" bar. i put quotation marks around pin because its not a pin until it breaks.

lets see how it works out. im going to have a talk with it on your behalf but if i convince it to go your way you gotta promise to be more careful in the future.





Quoting krue
Hi, James, on my screen, I am sitting beside you now, what an honor !

Probably I jumped into this trade too early? or can this be a plus A setup? thank you.
  • #24,912
  • Mar 26, 2009 12:02am Mar 26, 2009 12:02am
Quoting james16
this one chart and the first one from joe should keep all of you up tonight thinking about the day when

1. you only take the best set ups like these and...

2. your doing it with a very large account and the subsuquent money means you can tell your boss good bye and good luck.

jim
The day is coming. I'm ahead of my planned schedule.

The marathon continues . . .
Indicators show the past. Price Action "Indicates" the future.
  • #24,913
  • Mar 26, 2009 12:03am Mar 26, 2009 12:03am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hey, James, what a warn-hearted man you are ! I promise will never ever take such type of risk in future. thanks you million, Sir !

Quoting james16
hey krue,

the honor is all mine.

your taking a very big risk jumping into this before it broke the top of your two day "pin" bar. i put quotation marks around pin because its not a pin until it breaks.

lets see how it works out. im going to have a talk with it on your behalf but if i convince it to go your way you gotta promise to be more careful in the future.

  • #24,914
  • Mar 26, 2009 12:04am Mar 26, 2009 12:04am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Quoting krue
Hey, James, what a warm-hearted man you are ! I promise will never ever take such type of risk in future. thanks you million, Sir !

Correction, I meant warmhearted, wrong typing, sorry
  • #24,915
  • Mar 26, 2009 12:05am Mar 26, 2009 12:05am
Quoting james16
you have really hung in there joe.

im to busy to notice people until or unless they are hanging in there.

you qualify,



jim
I am blessed with a Wife who lets me stay home and raise the kids. Determined never to be an employee again. This stuff really is simple, if you don't destroy yourself in the learning process. Ironically, I think this endeavor may be what finally pays dividends on that psychology degree.

Many Thanks, Jim, Mike, Hip, Rac, Jarroo and Patrick who is wise enough to stay away!
  • #24,916
  • Mar 26, 2009 12:17am Mar 26, 2009 12:17am
Quoting james16
your my hero.

Geez Jim, I don't wanna be overrated... seriously the forbidding is really hard to maintain, but actually I'll give... I started trading the method on live micro, not on demo, for my own reasons.

but what mike said about fijitrader's reasoning is the best reason I can find for everyone to trade demo, it's more about defeating ourselves first rather than the markets.

I don't trade live micro on anything under dailies, and tried only to take the best idiot-proof setup, but now after 3 months, I'm starting to think on demoing the H4 charts...

Btw, what happened to Darkstar?
  • #24,917
  • Mar 26, 2009 12:49am Mar 26, 2009 12:49am
Quoting mbqb11
Hey Dude

Those orange lines are simply major round numbers. For eur/jpy 130 was a major round number, and previous support and resistance area, also refered to as a PPZ(price pivot zone). Which is the flip b/w the support and resistance. The purple lines are highlighting the larger range/consolidation we were in. You can see by the red arrows the highs, that were former resistance caused price to bounce off as support today

Keep at it

Mike

Thanks Mike, I just found the posts talking about PPZ and will learn about it.

Greetings!
ForexDude.
Why do we fall? "So we can learn to pick ourselves up."
  • #24,918
  • Mar 26, 2009 12:57am Mar 26, 2009 12:57am
An introduction from gov, my first post.

Sometimes REALLY good things happen, in our lifes that is, and when it concerns honesty, integrity and empathy, in the form of giving to others then it all adds up to an exceptional experience.

I've started, I'm into it, the thread that is!
Hunkering down to some serious reading/study + demoing + learning the virtue of patience + learning from some traders/people that belong in the aforementioned category.

I won't go on too much, but gees you guys give me a tonne of enthusiasm.
Shares & CFD's put aside for now, time to add to the skill set.

I guess I'll be lurking a bit. The questions etc will flow though, in time.

If only you could stop the thread for a few weeks so I could catch up!!!

Later, Gov
  • #24,919
  • Mar 26, 2009 12:58am Mar 26, 2009 12:58am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting mbqb11
Technically speaking the pin is still valid till the high is broken. But it already did as we expecting. IMO it is very difficult to have traded this one any other way then the James16 "day trade off daily charts". Meaning you should have done something at the point it hit the heavy ppz area 130/131ish area. I personally Was still long the BUOB from awhile ago, used that pin to move my stop to lock in profit. Next for me was looking for PA to go long back off the major PPZ area. It had a 4hr pin, but was just not quite good enough for me personally...
Thanks for the reply Mike
Still not sure how you would have done anything with this, i thought we should wait for the break as confirmation - we got that and place an entry below the low on the Bar, but that was right on top of the expected support - so should this be a no trade until support has given way and then look for other entry points?
  • #24,920
  • Mar 26, 2009 1:02am Mar 26, 2009 1:02am
welcome gov.

no need to be nervous. take your time and when you get a chance go over and watch the guest videos.

jim

Quoting Gov
An introduction from gov, my first post.

Sometimes REALLY good things happen, in our lifes that is, and when it concerns honesty, integrity and empathy, in the form of giving to others then it all adds up to an exceptional experience.

I've started, I'm into it, the thread that is!
Hunkering down to some serious reading/study + demoing + learning the virtue of patience + learning from some traders/people that belong in the aforementioned category.

I won't go on too much, but gees you guys give me a tonne of enthusiasm.
Shares & CFD's...
50 traders viewing now