james16 Chart Thread

lol. That's not a prediction, just an example.

It would be nice.

Chf/Jpy,

The blue ppz should now act as resistance

Before you guys head for 113 make sure you respect the 126 and the 120 - 122 regions. lol!

Very nice ghous. Many setups this morning with some strong breaks.

You got it buddy. lol

rearrange to find the well known saying:

from taking easy baby candy as a


(this might be the toughest thing you do all day)

Gotta go gang. Great trades today.

I'm sure we made James16 (Jim) proud today.

Later,

Jim

what bedtime? but we're just starting to have fun

later Jarroo

eurcad weekly 2 bar pin

gutted. missed the break of EUR/JPY ( and most other pins) as located in the UK. should have placed sell stop orders.

6 trades taken this month.

2 break evens, 4 winners, zero losers

James16, thank you thank you thank you.

Just wanted to drop a note that I posted my pinbar indicator to the programming section yesterday.

Take a look if you are interested - I was myself really interested to see how pin bars look like on shorter timeframes and if there are any meaningful patterns inside them, this indicator shows that.

http://www.forexfactory.com/showthread.php?t=160675

You've got to be extremely lucky to have figured out the holy grail.

Millions other fail in doing so all their lives, Jim's got to be credited ofcaorse but a lot of credit goes to you too for being patient and putting in the required amount of trust in each and every of the big man's wise words.

Congrats!

Regards,
Ghous.

Good setup is forming on U/J. Price is pushing on the blue resistance very hard. It would be nice to be in the long before the possible breakout. It looks like inverted H&S where right shoulder is a nice pinbar with breakpoint over the resistance. 30min to bar close.

please take this with a pinch of salt but...

even though most of the setups were weekly tf I have actually come out of all of my positions - I know many of you will still be holding shorts on ej, gj etc - and i don't want this to influence your own views.
Now i could be wrong and i wouldn't normally adjust trades from a lower tf but the recent daily TL was too hard to ignore.
Most notable on the gbpjpy which i am now long (demo only) - this got me looking at gbpusd which i see a retest off the bearish TL to go long - lots of confluence in this area.
This led me onto the ej which is similar to gj setup and so i came out.

As i said it could well fall further but after banking 270pips this was just my view.
It has been a great start to the week and as i am now flat - ish i might have to sit on the sidelines and wait a while for the next setups.

many pips to you all
SImon

Yep ,that makes sense. Price stalled there and is forming pb on h1 tf but i would be more convinced if we get something good on h4.

I'm up there with you Simon. Good bar formations. But into busy areas. Quick profit type trades.

Hi,

I am in the middle of a month off work, between contracts and have spent almost every waking hour studying the FF forum, different systems etc. However I got the idea that I wanted to not work again and to do that with my limited account J16 method wasn't going to get me there in the short term. I tried various lower TF systems (15min, 5min, 1sec!) and found out that they are all very risky and not worth the work involved, I came out about even on my live account.

During this time I felt stressed out that I had to find this system and although it has been a great learning experience I feel relieved that I have decided to go back to work and trade the j16 way. 3 months demo/3months smaller account/ on daily/weekly only.

I figure in 6 months I will have learned a lot more about PA about S/R about myself as a trader. I am not worried if in 6 months my account is the same size or a few % bigger, I would rather have the knowledge and experience, and then work towards building the account for a few years to the stage where I can make a few trades per month without having to work.

Thanks to J16 and the other guys for the great advice.

Hey guys.
I've been asked via PM why I haven't been posting lately, and the answer is pretty simple: I've been quite busy and pretty much all of my available time I do spend with making charts, posts and explanations goes towards the J16 site material and my journal and threads there.

But I would be lying if it weren't also the still black/white difference of what goes on on a public forum(spirit and quality of posts and attitude overall) vs what you get on a private one. I don't even want to begin to remember some of the fights I've had (I'd in some cases write "had" to have, but if I'm honest again, I didn't "have" to anything..) both in threads as well as in PMs and in stark contrast to that stands the experience "on the other side".

It's obvious that this doesn't apply as much to this thread, as the folks participating here help make it the refuge it is, but we do from time to time get reminders here as well what different types of folks are around..

Anyhow. Just wanted to throw up some charts I hope weren't already posted in quite the same fashion, as I've not really kept up with developments here lately. I saw that everyone got their share of EJ's weekly PB and that's great =)
Btw - to anyone STILL trading with mini-accounts even though their account size doesn't permit them to size properly: get a broker that suits your means, do NOT compromise via risk and setups! You'll just grow bad habits and into potential disastrous trading results if you stray from sizing discipline.

Here's EURCAD and then some over time progression on EURGBP. Mainly to me these are examples of how you can pick out potential coming moves and likely "trouble spots" on the chart. I've lately started trying to do more before-doing-after charts(if I can manage it time wise) simply to stave off all the most-extremely-annoying claims of "anyone can write stuff on a chart afterwards".
If anyone doesn't WANT to believe (in) something, then don't. Freedom of choice. Just leave it at that. Don't bother the folks doing it though.

I also think the bar/candle critique missed the point. It's not about boasting/claiming to have invented the wheel; personally I thought it's about showing how you can have a way of trading with a net positive result with just a chart and some common sense.
There again I felt that "forum ego" thing("I'ma go into that thread and show them!") distorting the actual issue(and boy, have I ever been there and done that myself). Again, that's why I'm not such a big fan of the public stuff anymore.

Charts - EURCAD first. Turns out the weekly bar ended up bearish(was posted by someone just some posts ago) after the days following this setup couldn't get anywhere in the end and I'm going to wait to see whether a retrace + setup comes around eventually(I am loathe to just sell into all the fuzz below).