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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

Quoting benem
Other question...i like the Beob that is forming on the Eur /Usd but it's seems seated on a PPZ
Am i right????

Yep it is an outside bar but the location is not so great . Its a bar that tells us price could fall but not strong enought for me to put my hard money in it...

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Quoting james16
please allow me this. i know some hate it when i do this but i mean no harm.

this is not my thread this is our thread and i try to keep that in mind.

i just sat with tears streaming down my nearly 50 year old face while the texas rangers had opening day ceremonies.

3 men walked from the dugout to the mound with a huge flag in the oufield.

a navy seal from just down the road that was the only one out of 16 to make it back alive from his unit.

a former president that now lives less than 30 miles from me that is a human being just like the...
Hey Jim,

Would that Navy Seal be Marcus Luttrell? His book "Lone Survivor" had this 40 yr old in tears. Honestly, I would rather meet and shake his hand than any president or politician.

regards,

CFII
Attitude + Power = Performance
Quoting albchr
I've never watched this pair before. Keeping an eye on it though. Thoughts, comments, wise remarks? Spread on IBFX seems to vary a lot on this one but when settled appears to be 9 pips.
It is very likely this is where it will stop dead.
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Quoting Shermenator
Yep it is an outside bar but the location is not so great . Its a bar that tells us price could fall but not strong enought for me to put my hard money in it...

Attachment 229628
One of my favourite 3 bar setups. Its all about perspective. Not an outside bar but a false break of an inside bar.

Anthony.
Those that can, do, those that can't, teach.
Quoting pf1966
One of my favourite 3 bar setups. Its all about perspective. Not an outside bar but a false break of an inside bar.

Anthony.
My bad mate I placed the arrow on the wrong candle lol
Quoting HipsterPipster
It is very likely this is where it will stop dead.
Yep I figured it wouldn't have far to go before stalling but also see it's been ranging between the fibs for awhile.

Now this is interesting. Your FXpro feed is a candle ahead of my IBFX. So I opened my FXpro and sure enough, one candle ahead. Hmmmm....Crystal ball? LOL

Just kidding of course but it sure would effect how you see candles form, no?
Ghost Rider - WWTBMD?
Quoting CFII
Hey Jim,

Would that Navy Seal be Marcus Luttrell? His book "Lone Survivor" had this 40 yr old in tears. Honestly, I would rather meet and shake his hand than any president or politician.

regards,

CFII
It was a great book by a great guy.
Quoting james16
please allow me this. i know some hate it when i do this but i mean no harm.

this is not my thread this is our thread and i try to keep that in mind.

i just sat with tears streaming down my nearly 50 year old face while the texas rangers had opening day ceremonies.

3 men walked from the dugout to the mound with a huge flag in the oufield.

a navy seal from just down the road that was the only one out of 16 to make it back alive from his unit.

a former president that now lives less than 30 miles from me that is a human being just...
Just got home, and read this great post. There is no place like our USA home.
Quoting albchr
Yep I figured it wouldn't have far to go before stalling but also see it's been ranging between the fibs for awhile.

Now this is interesting. Your FXpro feed is a candle ahead of my IBFX. So I opened my FXpro and sure enough, one candle ahead. Hmmmm....Crystal ball? LOL

Just kidding of course but it sure would effect how you see candles form, no?
Yeah, I noticed your feed was much different.... The range is there, but I personally would not take the chance of a loss on this one. Take care
I'm sure some of you caught these, didn't read the new posts today but here's what I saw and took. Small live a/c.

Gbpjpy: short @ 147.57, stop @151.57

Nzdusd: short @ .5837, stop @.6007 (other side of ppz)

Marked areas of possible trouble. Will most likley move all to BE (if not close partial and rest to BE) at first area and set a TP for second area.

EDIT: THE GBPJPY - not technically a pinbar, mike i know you were about to call me out on it.. but this area was marked on my charts as a strong weekly ppz and with a bar like that it is a good enough signal for me to enter (think of it as an S&R trade)
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Quoting james16
.

a former president that now lives less than 30 miles from me that is a human being just like the rest of us and did what he felt was best.


jim
I hope your not referring to King Shrub. That man is nothing like the rest of us. With all due respect this belief seems right on par with those who believe Republicans are for the rich and Dems for the common man, OR vice versa.

I know these comments are not welcome by all but this being America I can't help but add my two cents as long as we are here

Quoting stoli7188

EDIT: THE GBPJPY - not technically a pinbar, mike i know you were about to call me out on it.. but this area was marked on my charts as a strong weekly ppz and with a bar like that it is a good enough signal for me to enter (think of it as an S&R trade)
you definitely made me chuckle with that edit

Mike
Quoting stoli7188
I'm sure some of you caught these, didn't read the new posts today but here's what I saw and took. Small live a/c.

Gbpjpy: short @ 147.57, stop @151.57

Nzdusd: short @ .5837, stop @.6007 (other side of ppz)

Marked areas of possible trouble. Will most likley move all to BE (if not close partial and rest to BE) at first area and set a TP for second area.

EDIT: THE GBPJPY - not technically a pinbar, mike i know you were about to call me out on it.. but this area was marked on my charts as a strong weekly ppz and with a bar like that it is a...

EUR/JPY Daily is showing same setup. The PA aren't A+ but the PPZ's are solid, location isn't shabby and the divergence helps too. In any case I'll be moving to BE as soon as price hits first obstacle to be safe....
It's all about cautious - and highly educated - wagering on probabilities.
Anybody have their eye on the the NZD/JPY Daily PB? Closes in just over 30 mins on my feed.

Thoughts?
Quoting raczekfx
here are some of my demo trades based on my j16 aggressive method project for the last 40 days or so...
Raczek, thanks A LOT for sharing that. Could you cast some light on the following, please:

1. Most of your positions were 10-12% of the a/c balance - was that purely on/for demo?

2. Some of your trades were profitable, but RR was 0.05 to 0.1 - was that savvy trade management or mainly luck (that you exited earlier and the trade did not happen a big loser)?

3. Is there any logic/methodology behind some trades having SL and TP, some just SL, some (many) - neither? Isn't it dangerous to have a "naked" position (without SL)?

MANY THANKS!
One Chart is Worth Ten Thousand Words.
Quoting albchr
When drawing fibs, is it best to draw them on the very last swing high/low or just sort of "adjust" them around until they best fit the the PPZ's in front of them?
No. NEVER adjust the fibs to "fit".
Don't wish it were easier, wish you were better. ~ Jim Rohn
not really sure though but this looks good for a possible reverse h&S.... lets see how The Pa breaks through the horizontal and diagonal trend line for a move down. still need more tots from u senior members.
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Respect a man, and he will do all the more.
Quoting joebryce
I hope your not referring to King Shrub. That man is nothing like the rest of us. With all due respect this belief seems right on par with those who believe Republicans are for the rich and Dems for the common man, OR vice versa.

I know these comments are not welcome by all but this being America I can't help but add my two cents as long as we are here

Godbless our troops and our Fellow Americans who can see past the staged politicians.We the people need to take our country back!Goverment...or should I say the Richest elite in the WORLD are wanting our freedoms.
Talk about the momentum (sp?)

.5800 hit, half closed, half at BE with tp at .5655

I am still developing my exit method but there is nothing wrong with getting to BE, especially when against the trend. Been getting burned lately, letting winners turn to losers (eurjpy and audusd weekly, last week) so right now I am looking to get to BE. Jduester has motivated me to get off my lazy behind and do some exit testing (thank you), so I am still looking to find my comfort level between getting to BE and letting trades run.

GBPJPY also triggered.

I use FXDD (5pm EST daily closes).
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Quoting urchman
not really sure though but this looks good for a possible reverse h&S.... lets see how The Pa breaks through the horizontal and diagonal trend line for a move down. still need more tots from u senior members.
Not a head and shoulders urchman. There's a lower low to the left for starters.

Trading that pattern would be the same as trading a bullish pin who's high and low are encapsulated within a range/traffic.
Bundy's status today: "Waiting..."
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