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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

  • #25,361
  • Mar 30, 2009 1:35pm Mar 30, 2009 1:35pm
nothing wrong with this at all.

a profit is a profit. the only time i ever regret doing this is when i dont leave just a little on the table with stop at breakeven and it runs for 2000 pips.

when that 270 pips is worth 27,000 or 270,000 man what a feeling that is.

nice job simon.

jim



Quoting simoncs
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...
  • #25,362
  • Mar 30, 2009 1:35pm Mar 30, 2009 1:35pm
Quoting james16
starting about 3 weeks ago i try to stop in every day and skim every post since my last post.

doing that right now and proud doesnt do it justice.

i see the old timers helping day in and day out.

i see the mid level people starting to get it and showing that excitement that comes with starting to get it. YOU are the next generation of old timers.

i see the brand new people asking the questions that we all asked early on and feeling nervous in doing so and i see people purposely jumping in quickly to make them feel safe and secure.

i...
Jim,
What you've said reminds me of a great book/movie/message - Pay it Forward... At some point someone has helped us in life. We then 'pay it forward' by helping the next guy/gal...

I would consider myself in the 'mid-level' section of your post, although I might be more an 'old-newbie' yet. Your example of continuing to help others (regardless of experience/knowledge/account size) has led all these great 'oldies' to help us newbies.

You're active participation in this thread lately hasn't gone unnoticed either. It says a lot when the founder of a thread continues to be active in it nearly 4 years after starting it. It says that the founder really does want to help anyone and everyone. You've taught us much more than chart analysis and the price action method Jim. You've taught us to Pay it Forward.

Keep on keepin' on Jim.

Still hope to see you on the other side (PF) at some point... once I can complete minimum req. or so.

Josh
  • #25,363
  • Mar 30, 2009 1:39pm Mar 30, 2009 1:39pm
Quoting james16
starting about 3 weeks ago i try to stop in every day and skim every post since my last post.

doing that right now and proud doesnt do it justice.

i see the old timers helping day in and day out.

i see the mid level people starting to get it and showing that excitement that comes with starting to get it. YOU are the next generation of old timers.

i see the brand new people asking the questions that we all asked early on and feeling nervous in doing so and i see people purposely jumping in quickly to make them feel safe and secure.

i...
This is the first post i write to J.
I'm only a big noob, but i want to thank you because this thread was probably the salvation from the dark world of trading
Thanks a lot, thanks for the opportunity you gave to us!
  • #25,364
  • Mar 30, 2009 1:39pm Mar 30, 2009 1:39pm
you've made it too easy Jim!!!
i'm off to find another system - it's got to be more complicated than this

Quoting james16


you did this.

i gave you a simple easy method and YOU made it work.
  • #25,365
  • Mar 30, 2009 1:41pm Mar 30, 2009 1:41pm
ive said it a thousand times but here it goes again.

this is how people make it in this business.

saying it and actually doing it are two different things but after a year or two most peolple are able to succesfully trade even a 4 or 1 hour chart if they have gone thru the process correctly. what they usually discover during this process is that a large account with a daily chart is just much to easy to stress over a 1 hour chart.

good for you mark,

jim

Quoting markmm
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...
  • #25,366
  • Mar 30, 2009 1:43pm Mar 30, 2009 1:43pm
Quoting G550
Long rants are welcome...as many have said...your explanations always have some relevancy

It isn't so much my inability to pick out the right zones, but I'm unlucky enough to pick out the areas that price comes to very, very close and reacts before it gets there. I was looking for 300+ pips; maybe next time it will be 275

Thanks, Rac.

-G550
Try not to look at the pips.
try to look at the spot where you & OTHERS will be looking to take some profit if not reverse your position.
it takes some practise & of course frustration but you'l get there. my tp on the ej was @ 127.70 & 126.60, from the weekly pin so i'm out. but look at the areas & see its not to the pip but a good area no less. this happened all while i'm asleep so got to be happy. now on to the next one.

trading this way on the weekly/daily this month has given me 4 trades that have been & gone while i'm asleep. 4trades, 4 wins..... 20.3% gain for month.
if only I could sleep more...
  • #25,367
  • Mar 30, 2009 1:47pm Mar 30, 2009 1:47pm
Quoting uBERpIP
Recent pin bar with confluence. Rejected at 50% Fib, and sitting on both the 150 & 365 EMA.

If the current bar can break to downside, might be able to take a few quick pips on the way to the 1.1450 area.

If it closes above the EMA's, I'll be looking for a slight retrace to test new support and take it long.

Iknow that's a lot if "IF's"....but I'm still working on spotting and analyzing what will make some set-ups better than others. So bear with me..
Hmmm I will be watching this one too.. I missed it when I checked my charts a little while ago. thanks
  • #25,368
  • Mar 30, 2009 1:53pm Mar 30, 2009 1:53pm
LOL. rac knows me so well it scares me sometimes. not sure how he "knows" these things but it sure seems like he does.

the most important part of his post is where he has used his own twists and combined it with these methods.

i always encourage people to do this.

are you fine just using it as it is? sure but the process of learning is invaluable to you in the long run.

This process is how my methods were derived.

years and years and years of looking and experementing.

funny how it all lead back to simplicity but thats what happened.



Quoting raczekfx
Hey Baz
Before you thank me, thank James first...
My entire trading is based on his method with a small twist here and there thanks to R&D...

He's not telling us everything yet (and I'm glad for that), but if you watch his videos few times, you should have more than few A-HA moments, which should empower you to do some research and eventually come up with a good and profitable trading plan for yourself. I'm glad that James does things the way he does instead of spoon feeding us...

He's method is such a gem, that I'll be looking for a new...
  • #25,369
  • Mar 30, 2009 1:54pm Mar 30, 2009 1:54pm
lololololol


Quoting dkmb92
this guys trades against himself...& both sides are profitable
  • #25,370
  • Mar 30, 2009 1:59pm Mar 30, 2009 1:59pm
I just subscribed to James16 PF for the second time and scrolling thru all the journals and i find a lot of new good stuff there. I am waiting for the day when i will be able to thank James and the rest of You guys...i know i am almost there
I have entered g/u long at the break of the h4 pin. DOW and S&P is at their support lvl so i expect some push up.

BTW am i the only one who forget to set the sell stop under the weekly pb ej?
Attached Image (click to enlarge)
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  • #25,371
  • Mar 30, 2009 2:02pm Mar 30, 2009 2:02pm
thank you Jd,

jim

Quoting Jduester
Jim,
What you've said reminds me of a great book/movie/message - Pay it Forward... At some point someone has helped us in life. We then 'pay it forward' by helping the next guy/gal...

I would consider myself in the 'mid-level' section of your post, although I might be more an 'old-newbie' yet. Your example of continuing to help others (regardless of experience/knowledge/account size) has led all these great 'oldies' to help us newbies.

You're active participation in this thread lately hasn't gone unnoticed either. It says a lot when...
  • #25,372
  • Mar 30, 2009 2:03pm Mar 30, 2009 2:03pm
thank you also bak,

JIM

Quoting bakko85
This is the first post i write to J.
I'm only a big noob, but i want to thank you because this thread was probably the salvation from the dark world of trading
Thanks a lot, thanks for the opportunity you gave to us!
  • #25,373
  • Mar 30, 2009 2:08pm Mar 30, 2009 2:08pm
Quoting Greenhaze
I just subscribed to James16 PF for the second time and scrolling thru all the journals and i find a lot of new good stuff there. I am waiting for the day when i will be able to thank James and the rest of You guys...i know i am almost there
I have entered g/u long at the break of the h4 pin. DOW and S&P is at their support lvl so i expect some push up.

BTW am i the only one who forget to set the sell stop under the weekly pb ej?
Hey bro,

Since the GMT savings times or whatever changed up I am missing one 4HR close, did that feed of yours close that 4HR bar at . . 8PM our time ? (GMT)

And if it did, what feed is it ?

Regards
Jig
  • #25,374
  • Mar 30, 2009 2:15pm Mar 30, 2009 2:15pm
Quoting Jigsaw
Hey bro,

Since the GMT savings times or whatever changed up I am missing one 4HR close, did that feed of yours close that 4HR bar at . . 8PM our time ? (GMT)

And if it did, what feed is it ?

Regards
Jig
Hey Jig

Its an Alpari UK feed , they are GMT+2 right now.
The Pinbar closed at 10:00 GMT time.
  • #25,375
  • Mar 30, 2009 2:18pm Mar 30, 2009 2:18pm
Quoting rustyjeff
Try not to look at the pips.
try to look at the spot where you & OTHERS will be looking to take some profit if not reverse your position.
it takes some practise & of course frustration but you'l get there. my tp on the ej was @ 127.70 & 126.60, from the weekly pin so i'm out. but look at the areas & see its not to the pip but a good area no less....
Hey Jeff, I really don't look at pip quantity; that was truly based on a ppz I drew (see below) but there was a part of me that wanted 300. BTW, anything wrong with where I drew my ppz?

Thanks,
G5
Attached Image
  • #25,376
  • Mar 30, 2009 2:35pm Mar 30, 2009 2:35pm
do we get a D pin off ppz, fib confl?
let's see.
Will it breaks? who knows.
Yes? first tp is 1.44 on my radar.

.
Attached Image
  • #25,377
  • Mar 30, 2009 2:39pm Mar 30, 2009 2:39pm
Quoting G550
Hey Jeff, I really don't look at pip quantity; that was truly based on a ppz I drew (see below) but there was a part of me that wanted 300. BTW, anything wrong with where I drew my ppz?

Thanks,
G5
hey G,
nothing wrong with where you have your LINE. but remember its a zone.

I too got caught up with missing tp's early on. for me, if i am watching it I will look at how price is reacting at certain areas & react accordingly. when i am leaving the house or sleeping i will tighten the tp to early in the zone rather then wake up & see it has reversed on me.

sure, as allways anything can happen but so far trading just the James16 way. (break of bar, out or mve to be @ 1st r/s) I have had only 1 loss for the year.
It is the easiest way to trade ever.
Yes I do trade intraday & scalp aka Rac style but that is separate to this style which i ues as my base/fundamental method for all my trading.
keep going mate youl get it.
  • #25,378
  • Mar 30, 2009 2:44pm Mar 30, 2009 2:44pm
here is one of those bars you like..

i think Mark might be looking as well..
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 11 KB
  • #25,379
  • Mar 30, 2009 2:47pm Mar 30, 2009 2:47pm
Quoting rustyjeff
hey G,
nothing wrong with where you have your LINE. but remember its a zone.

I too got caught up with missing tp's early on....
And like yourself, I was asleep when all this went down. I've told myself that in the past; tighten your TP when you can't follow the market. Sound advice...sometimes we need to hear it several times...and from other people, too

Thanks, Jeff.

-G5
  • #25,380
  • Mar 30, 2009 2:52pm Mar 30, 2009 2:52pm
Quoting rustyjeff
here is one of those bars you like..

i think Mark might be looking as well..
lol....
got my 50 pips from Here, so I'm flat for now. Got a take kids to piano lessons, hence I didn't want to push my luck with shorts at 2650, but if we get a 4hr pb when I'm back, I'll reevaluate.
I'd like to see one more test of 310s and 410s on cable and fiber before committing... It may never come as dj is due for a nice bounce tomorrow imho. We'll see... we don't have to trade everyday.
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