james16 Chart Thread | Page 1306 | 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

  • #26,101
  • Apr 3, 2009 5:41pm Apr 3, 2009 5:41pm
just go to the guest side of the site.

its under guest material.

i have never personally typed that url at forex factory and i never will but you can use my signature to get there. (at least i dont remember ever doing that)

they would let me but its about keeping things right.


jim

Quoting aserbfx
dear james16

raczekfx was writing about some videos you made. where can i find them?

thanks in advance

p.s. great thread. so much information here ... never stop learning. thanks !
  • #26,102
  • Edited 6:00pm Apr 3, 2009 5:46pm | Edited 6:00pm
Quoting james16
here is what i want you to do.

for the next 3 months you are going to take no more than 5 trades a month.

i would prefer 3.
Thanks a lot Jim again.
I know I will be doing it for myself but at the same time I just want to prove I've understood the concept of your method and I'm happy to go on a strict therapy.
No half measures, no short cuts. Shame on me if anybody catches me on that.
I will be a nuisance cause I will post this charts for an assessment for you senior members. I stick to the daily and weekly charts only and see how the things are going.
  • #26,103
  • Apr 3, 2009 5:47pm Apr 3, 2009 5:47pm
Quoting james16
just go to the guest side of the site.

its under guest material.

i have never personally typed that url at forex factory and i never will but you can use my signature to get there. (at least i dont remember ever doing that)

they would let me but its about keeping things right.


jim
thanks, jim. i got it :-)

i appreciate your work here.
meine augen sind die sterne
  • #26,104
  • Apr 3, 2009 5:55pm Apr 3, 2009 5:55pm
Quoting raczekfx
have a good one.
ps.
yes, i was grew up on the banks vistula river.
Thanks Raczek, thanks for a file. It will be a great chance for me to track price action based on the exit/entry points and charts.
Thank you for your help - Dziekuje Bardzo za Pomoc
I wasn't going to bit the drum of my "tremendous" gains by giving percentage of gains, just to paint a picture how hard earned profits have been wasted due to the mixture of my: greed, stupidity and pure lack of a common sense.
Have a nice weekend Raczek, all the best for you and your relatives.
Kind regards
  • #26,105
  • Apr 3, 2009 6:07pm Apr 3, 2009 6:07pm
Quoting aserbfx
thanks, jim. i got it :-)

i appreciate your work here.
just watched two vid's and i've got to say that ist really brilliant!

you know what you are talking about.

hats off!
meine augen sind die sterne
  • #26,106
  • Apr 3, 2009 6:12pm Apr 3, 2009 6:12pm
Quoting james16
post one gets another good one.

jim

post 1 is going to be 3 pages long soon...
  • #26,107
  • Apr 3, 2009 6:17pm Apr 3, 2009 6:17pm
Quoting aserbfx
just watched two vid's and i've got to say that ist really brilliant!

you know what you are talking about.

hats off!
Do yourself a favor and watch them a couple times,or a few times.They are as informative just as much as they are inspiring.
  • #26,108
  • Apr 3, 2009 7:17pm Apr 3, 2009 7:17pm
Quoting james16
COULD I GET A LESSON PLEASE.

Without a good CCBJ's lov'n texan, I won't be able to start.
Next time, I visit relatives in Austin, I'll bring a case and we go over few basic setups..
  • #26,109
  • Apr 3, 2009 7:29pm Apr 3, 2009 7:29pm


yeah you know me i luv the basics.

your a great help here rac and i appreciate you man.

jim

Quoting raczekfx
Without a good CCBJ's lov'n texan, I won't be able to start.
Next time, I visit relatives in Austin, I'll bring a case and we go over few basic setups..
  • #26,110
  • Edited 7:58pm Apr 3, 2009 7:36pm | Edited 7:58pm
Quoting ghous
I admire that sport...

It's non-existent here is Pakistan, we have some great beaches with vigorous waves yet no surfers/skiers
When I was on vacation in Goa, India I recall the Arabian sea as being fairly ruff (swimming wise)...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #26,111
  • Apr 3, 2009 7:59pm Apr 3, 2009 7:59pm
Quoting LasVahGoose
When I was on vacation in Goa, India I recall the Arabian sea as being fairly ruff (swimming wise)... Might have been the beers...
I'm also planning to go to Goa to meet my love one lololol. Geez...you guys have been travelling all round the world like it was nothing
  • #26,112
  • Apr 3, 2009 8:10pm Apr 3, 2009 8:10pm
Quoting james16
THIS IS WHAT BLOWS MY MIND.

The total opposite is true and its as easy to see as a blue sky on a clear day.
i still dont get it.
to believe that people follow that train of thought is to believe that most people are stupid as a freakin rock.
i just cant wrap my brain around it.
People mostly exist in a dream state and don't know they are alive most the time. Which makes traders interesting folks because you have to face yourself, pretty much every trade. Muahahahah! Scary stuff for some...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #26,113
  • Apr 3, 2009 8:15pm Apr 3, 2009 8:15pm
Nice trading there rac!

Please post the charts of all those 107 trades with entry/exit points. I'm sure it will help to make this thread more organised.

Perhaps you can start doing some J16 trading on the 1m charts too, those 1 minute pinbars will help the small accounts grow at least 500% on an annual basis.

I'm sure James will approve this idea. This should be post 1 material.

Quoting raczekfx
% gain is relative to your trades selection and discipline. I don't pressure myself to do 1 or 5% every month. Whatever comes, I'll welcome it. I don't necessary agree with some comments I've read in the past, what's good and what's not, but everyone is entitled to have an opinion....
  • #26,114
  • Apr 3, 2009 10:08pm Apr 3, 2009 10:08pm
Quoting raczekfx
Here is my last strat of the week for NFP....

1. limit buy 15-20ps away from current price (as of 8:28)
2. crosses involved: eu, gu, gj, ej and uj
3. sl 20-30ps, tp for half at 30ps profit, sl moved to be on remainder
4. question is long or short limit...? I know the answer but it would be signaling... (in the PF)
I do this too, Race... I really like to trade on news that way... but a word to the wise. Today i got filled on EUR/USD early at -30 pips and i don't think that's unusual with alot of crummy brokers. I was filled at 8:28 and couldn't very well put in a 30 or 40 pip SL cause that would've been insta filled too... so I sweated it out for a couple minutes and booked a little profit as soon as I got it. Got some decent profit on the way back down in a more controlled fashion... (but I can't wait to find a fair broker).

Anyhow don't place these limit buys unless you really can handle getting filled at that price RIGHT NOW. On big news there can be really big slippage that can ruin your day.

J16 HAS taught me to trade these in micro lots instead of full 3% risk... so the pain vs gain ratio is acceptable :-)
Mine?
  • #26,115
  • Apr 3, 2009 11:38pm Apr 3, 2009 11:38pm
Quoting james16
i have a friend from michigan.

he left about 3 years ago and still gets homesick.

he says he left because of the tax rates and how they were killing business in the state. ( texas has no state income tax and one reasonwhy he came here ).

then i heard on the radio yesteday that its getting pretty bad there. young professional people leaving in droves due to the same thing.

i will never understand that thought process.

lower taxes ALWAYS increase revenues.

they raise taxes and run off good income earners and then they dont have as many...
Hi Jim,

Try moving to Indonesia and you'll save that 6 figures a year you should've paid to the IRS. I think you'll love our tax policy not to mention how you can pay a lawyer to cut it even lower
  • #26,116
  • Apr 4, 2009 5:45am Apr 4, 2009 5:45am
Ok, here is my post with personal ideas for the week.

We've tons of weekly BUOB on the yen crosses; what do you think about them? I don't think they are all tradeble, i personally like that on Eur/jpy.

I see also a well formed BUOB on Aud/usd (weekly), off an important PPZ. But on my chart i've also a PPZ at about 0,73 (just above the high of the buob) and the buob is not at a swing low.

Attached below there is also a chart about the PIN on Eur/chf, glad to read your opinion, i really don't know what to do and how to give it a value (A? B? C?)
Attached Image (click to enlarge)
Click to Enlarge Name: Eurchf_weekly_pin.png Size: 63 KB
  • #26,117
  • Apr 4, 2009 10:07am Apr 4, 2009 10:07am
Quoting raczekfx
% gain is relative to your trades selection and discipline. I don't pressure myself to do 1 or 5% every month. Whatever comes, I'll welcome it. I don't necessary agree with some comments I've read in the past, what's good and what's not, but everyone is entitled to have an opinion....
Rac,
That is just awesome. You have a great handle and understanding of your method of trading. From the pdf file, it looks like you were trading within a reasonable risk/trade too, which makes it legit. Well done!

Josh
  • #26,118
  • Apr 4, 2009 11:17am Apr 4, 2009 11:17am
Quoting artov

Perhaps you can start doing some J16 trading on the 1m charts too,
I'll take it as a good joke.

Happy trading.
  • #26,119
  • Apr 4, 2009 11:18am Apr 4, 2009 11:18am
Quoting Jduester
Rac,
That is just awesome. You have a great handle and understanding of your method of trading. From the pdf file, it looks like you were trading within a reasonable risk/trade too, which makes it legit. Well done!

Josh
Nothing to get excited about..
It's just a demo Josh for one of my trading methods, perhaps one of the most aggressive (and still WIP), but you're right; One needs to understand what he's doing in order to achieve anything. It took me quite a 'few' months to get comfortable with it and psychology is a major component here.
  • #26,120
  • Edited 12:46pm Apr 4, 2009 11:20am | Edited 12:46pm
Quoting bakko85
Ok, here is my post with personal ideas for the week.

We've tons of weekly BUOB on the yen crosses; what do you think about them? I don't think they are all tradeble, i personally like that on Eur/jpy.

I see also a well formed BUOB on Aud/usd (weekly), off an important PPZ. But on my chart i've also a PPZ at about 0,73 (just above the high of the buob) and the buob is not at a swing low.

Attached below there is also a chart about the PIN on Eur/chf, glad to read your opinion, i really don't know what to do and how to give it a value (A?...
The BUOB on the Eur/Jpy Weekly and Bullish PIN on the Eur/Chf are correct formations as defined by the J16 material. But their locations are very poor.

If they were at a swing Low or off the yearly Lows they would be in the "A" category. They would be like kicking a penalty without a goalkeeper. Let me refer you to this post by bakko . . . . wait a minute . . . . that's you. lol

http://www.forexfactory.com/showpost...ostcount=25139

Hey babkkos just having a little fun here. But as I look at your charts from last week they are great. And look how they turned out. There was some easy pips for the taking.

The key being was their location along with the confluences of PPZ levels, their formations, fibs, etc., brought about a very high probably PA setup.

Jim
Indicators show the past. Price Action "Indicates" the future.
95 traders viewing now