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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

  • #37,301
  • Edited 2:42am Jul 14, 2009 2:25am | Edited 2:42am
Quoting Jigsaw
Since I have posted here,



I'll bite for this one if I may,

@Punky -

See Chart One - First Candle is an inside bar (Blue one), then on the next one (Yellow one) it breaks the low of the inside bar so it is triggered ("Triggered" depending on how you play it)

What you are possibly confusing it with is this -

See Picture Two - "Master Candle" (Not J16 stuff) where theres a series of inside bars in the "shadow" of a big candle, it is activated when the master candle itself is broken.



Possibly confusing it with...
I read the master candle stuff at the rookie section, looks interesting...
I believe . . .
  • #37,302
  • Jul 14, 2009 2:34am Jul 14, 2009 2:34am
Long GBPUSD on break of PB and trading with the trend. It also validates the bar 3 days ago which wasn't quite a PB.
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  • #37,303
  • Jul 14, 2009 2:46am Jul 14, 2009 2:46am
I was in this trade base on the PB that whas rejected off of PPZ and something elese that I'm feeling about the market, and traying to get comfortable with it,as you know I'm reading for now the voodo posts aka rackzecfx.

I don't know if I'm doing what he is doing but that dosen't matter because I don't whant to copy paste him all I want is to find myself with what I'm comfortable and what I understend, enything else doesen't matter.

Let the market do his job and be prepare to do your's too.

PS: curently up by +70 pips this is just my second trade after yesterdey +125pips on GJ
Attached Image
  • #37,304
  • Jul 14, 2009 2:48am Jul 14, 2009 2:48am
Quoting triger88990
I was in this trade base on the PB that whas rejected off of PPZ and something elese that I'm feeling about the market, and traying to get comfortable with it,as you know I'm reading for now the voodo posts aka rackzecfx....
Reasons for entry?
I believe . . .
  • #37,305
  • Jul 14, 2009 3:04am Jul 14, 2009 3:04am
Quoting ghous
Reasons for entry?
Reason:break of the daily PB
I know that many of you will skip this one but this is tradabel in my book,I'm just learning now ,after I will be very sure about what I'm doing I will tell you everyoane but for now I'm may do stupid things, let's the time say if I'm right or not

PS: take profit at +70 pips and move the rest to BE
  • #37,306
  • Jul 14, 2009 3:13am Jul 14, 2009 3:13am
Quoting ghous
Just what we wanted. A quick hard break during the first few hours of the day.



Ghous.
mornin ghous...yawl, i like this one also, i got in yest. on a 3h beob on oandas charts. i v been watching this trade develope for a while now. it was kind off it to close a nice pin bar for me eh!?
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PATIENCE... DISCIPLINE
  • #37,307
  • Jul 14, 2009 3:14am Jul 14, 2009 3:14am
Quoting triger88990
Reason:break of the daily PB
I know that many of you will skip this one but this is tradabel in my book,I'm just learning now ,after I will be very sure about what I'm doing I will tell you everyoane but for now I'm may do stupid things, let's the time say if I'm right or not

PS: take profit at +70 pips and move the rest to BE
hi mate i dont see any SL on the chart?? i assume you had one placed?? jus wondering what it was on your entry>>
cheers
jon
PATIENCE... DISCIPLINE
  • #37,308
  • Jul 14, 2009 3:26am Jul 14, 2009 3:26am
Quoting g_j_hook@yah
hi mate i dont see any SL on the chart?? i assume you had one placed?? jus wondering what it was on your entry>>
cheers
jon
I have sl just below at the second candel to the left of the 4h chart, but I have moved always to BE when I'm up by 50-70 pips
  • #37,309
  • Jul 14, 2009 3:30am Jul 14, 2009 3:30am
ahha, cheers and nice trade. your doing very well this this stuff stay patient and the winning streak should continue!!
cheers
jon
PATIENCE... DISCIPLINE
  • #37,310
  • Jul 14, 2009 3:34am Jul 14, 2009 3:34am
Quote
cos at globo gym we're better than you and we know it!

lol!!!

hey gous don't worry the soreness will pass and soon you will have pompitude like arnold yea you could walk buck naked through a glacier
coz your trainers gonna pump..............you op
  • #37,311
  • Jul 14, 2009 3:35am Jul 14, 2009 3:35am
jaroo i wanted to take amoment to thank you. your charts are so clean and understandle as is your analysis and I can't help but learn a little every time you post
  • #37,312
  • Jul 14, 2009 3:39am Jul 14, 2009 3:39am
Quoting jarroo
Nice Mark.

Same with the Gbp/Jpy, 4 Hour BUOB. Nice retest of the break and then of the 150.00. (as shown on the hourly).

These always happen when I'm not around. lol

Hi Jaroo,

Yeah there was some good money to be made yesterday on multiple pairs (and today for anyone who was brave enough to hold on!) I only have 3 trades still open. Loving that GBP/CHF situation at the mo...
Time for a new chapter
  • #37,313
  • Jul 14, 2009 4:12am Jul 14, 2009 4:12am
Quoting markf45
Hi Jaroo,

Yeah there was some good money to be made yesterday on multiple pairs (and today for anyone who was brave enough to hold on!) I only have 3 trades still open. Loving that GBP/CHF situation at the mo...
hi there, i feel that if price is gonna stall its gonna do it now?? lets wait n see if it breaks 1.77??
jon
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PATIENCE... DISCIPLINE
  • #37,314
  • Jul 14, 2009 4:25am Jul 14, 2009 4:25am
what % of people on here are actually trading REAL money ? just wondering as there is a lot of talk of demo accounts.
  • #37,315
  • Jul 14, 2009 4:35am Jul 14, 2009 4:35am
Quoting advfntrader
what % of people on here are actually trading REAL money ? just wondering as there is a lot of talk of demo accounts.
I do, but only micro account, because I am still learning... But from my past experience in stocks I don't like paper trading because the lack of emotions...
So this is a cheap way to learn IMHO...

I entered EURAUD and GBPCHF pins last night and now moved my SL to +3... I like free trades

Thank you Jaroo, Ghous, g_j_hook@yah and others for teaching me (even you don't know it coz I don't post that much)
Live it or leave it!
  • #37,316
  • Jul 14, 2009 4:40am Jul 14, 2009 4:40am
Quoting Jigsaw
Ghous going down to the Gym to Squat 350lbs ass to the frickin' ground for a clean set of ten.



Thought I was doing well with my 5x5 155pounds this morning... (ATG mind..)

oh well like so many things in life... long way to go LOL!!!
  • #37,317
  • Jul 14, 2009 4:45am Jul 14, 2009 4:45am
Quoting fat_tom


Thought I was doing well with my 5x5 155pounds this morning... (ATG mind..)

oh well like so many things in life... long way to go LOL!!!
5 x 5 will take you forever to get fit mate!! it should be 5-7x with big weights 3 sets(to build muscle) and/or 10-15 with smaller weights 3 -5 sets(for definition)
long time since i saw a gym though!! lol
jon

Quote
what % of people on here are actually trading REAL money ? just wondering as there is a lot of talk of demo accounts.
just a guess of course but i reckon its less than 20%??
PATIENCE... DISCIPLINE
  • #37,318
  • Jul 14, 2009 4:49am Jul 14, 2009 4:49am
Quoting Slurpee
I do, but only micro account, because I am still learning... But from my past experience in stocks I don't like paper trading because the lack of emotions...
So this is a cheap way to learn IMHO...

I entered EURAUD and GBPCHF pins last night and now moved my SL to +3... I like free trades

Thank you Jaroo, Ghous, g_j_hook@yah and others for teaching me (even you don't know it coz I don't post that much)
wow!! i got a mention!!! i just noticed!
cheers, glad i could help. i just pass on what im learning here myself, we got good teachers!!
jon
PATIENCE... DISCIPLINE
  • #37,319
  • Jul 14, 2009 4:59am Jul 14, 2009 4:59am
Hallo guys

look on this PB.

Enter long above the 0,7900, think itīs not a A+trade but enough for quick play up to 0,8100 or 0,8200.

the reason for this trade is the PB on the 0,7800 level ( ithink it work now as Resistance)also the 61 FIB, and if the price go back between the trendlines and break the 0,7900 we maybe see a pullback.

What doya think?

regards
Martin
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Trade well and many pips to all. Martin
  • #37,320
  • Jul 14, 2009 5:15am Jul 14, 2009 5:15am
Quoting advfntrader
what % of people on here are actually trading REAL money ? just wondering as there is a lot of talk of demo accounts.
I don't trade gold or silver "real money" but I do trade fiat U.S. Dollars and I trade on demo as well.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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