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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

  • #37,681
  • Jul 16, 2009 1:37am Jul 16, 2009 1:37am
Quoting joelcf
It isnt a formal ranking system

A+ means good.
A+++ means gooder.
A++++++++++++++ means goodest.

The others are even more subjective!
B means im boredtrading
c means i should know better but am considering actin a fool.
d means i finished that bottle of single malt tonight and its shotgun time!
Man this had me in stiches....
  • #37,682
  • Jul 16, 2009 1:45am Jul 16, 2009 1:45am
Quoting jarroo
PippingMama and I took this one a little earlier too. The Pin Bar is a bit small but the Location and supporting confluences are great.
Good stuff... My trailing stop got hit at 132.30 for +47 pips
  • #37,683
  • Jul 16, 2009 1:48am Jul 16, 2009 1:48am
Quoting PippingMama
Hi Jarroo,

I took the TP and I am expecting the price will come back and test the break of the 4h pin bar, I set my stoploss 5 pips above the break of the pin bar.

I not sure if it will take me out but I did try this lots of time and it works. Market just want to test the break and go into my favor again. Happen so many time.

Hope this time will do the same! If not, I am still a winner on this trade.


Pipping
We don't "Hope" in trading Pipping. "Hope" means that we are not confident in our setup or the setup is not of high quality. We have a simple plan and apply it.

Also, always be aware of the higher time frame levels when your trading the 4 hour time frame. We could be going down to the 1.4000, possible to the 1.3900. Price has been is consolidating on the Daily for some time.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #37,684
  • Jul 16, 2009 1:48am Jul 16, 2009 1:48am
Quote
I thought I was going to be stopped out on the 4 hour BarBreak, but the 133.00 level was too strong.
jarroo,
at what specific price was your stop at here (eurjpy trade)?

Quote
So what do you guys think, can I add this one to Case Study #2?
Most Definitely!
how about this one? gj & ej's little brother, $jpy from july12, last weekend.
dodger blue horizontal lines were "minor PPZs" expected to stall price, if ever price does reach them.
(GTL MT4; IBFX MT4 + 4)
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  • #37,685
  • Jul 16, 2009 1:53am Jul 16, 2009 1:53am
Quoting supremeChaos
jarroo,
at what specific price was your stop at here (eurjpy trade)?
Just above that 4 Hour BarBreak at 133.17.
Indicators show the past. Price Action "Indicates" the future.
  • #37,686
  • Edited 2:43am Jul 16, 2009 1:55am | Edited 2:43am
Quoting CkM8
Good stuff... My trailing stop got hit at 132.30 for +47 pips
Nice Ck. Was that a total or partial position?
Indicators show the past. Price Action "Indicates" the future.
  • #37,687
  • Jul 16, 2009 1:58am Jul 16, 2009 1:58am
Quoting Bemac
Never ever forget from whence you came.
My 21 year old son has perused that closet. He has other endeavours in mind at the moment But I do know... He has a sophmore understanding of FX & a Graduate understanding of Trading....
Fantastic!

Quote
Never ever forget from whence you came..
...How do you intend to pass this jewel down Your Tree?

how? all out! guns blazing!
Must look at every nook & cranny to see if any bejeweled chart paper was overlooked. any torn or crampled jewel must be reproduced &/or "restored" (sort of like car &/or music instrument restoration). :nerd:
  • #37,688
  • Jul 16, 2009 2:04am Jul 16, 2009 2:04am
Quoting jarroo
Nice Ck. Was a total or partial call position?
Half off.. I'm still thinking it can go to the 38.2% fib line
  • #37,689
  • Jul 16, 2009 2:06am Jul 16, 2009 2:06am
Quoting jarroo
We don't "Hope" in trading Pipping. "Hope" means that we are not confident in our setup or the setup is not of high quality. We have a simple plan and apply it.
I like this a lot Jarroo, very simple fact
plan your trade & trade your plan
Simplicity is the key to success
  • #37,690
  • Jul 16, 2009 2:18am Jul 16, 2009 2:18am
Quoting supremeChaos
how about this one? gj & ej's little brother, $jpy
Think you mean big brother
When you have to shoot, shoot. Dont talk.
  • #37,691
  • Jul 16, 2009 2:24am Jul 16, 2009 2:24am
Quoting jarroo
So what do you guys think, can I add this one to Case Study #2?
I will be looking to trade LONG at the next PPz (153) in the way down.
BTW, what is that case study thing all about?
ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #37,692
  • Jul 16, 2009 2:25am Jul 16, 2009 2:25am
joelcf,
'little brother', volatility wise. right?


Almfx,
more like a follow up on certain trade setup's (whether traded or not) progress. evaluating, checking, &/or refining PPZs, S/Rs, confluence, etc.

In short, a real-time study material of the markets. very very valuable, if u ask me.
  • #37,693
  • Edited 2:50am Jul 16, 2009 2:34am | Edited 2:50am
Quoting Almfx
I will be looking to trade LONG at the next PPz (153) in the way down.
BTW, what is that case study thing all about?
ALM
Its just a situation where merging levels like Round Numbers, PPZ levels, Fib levels, EMAs, etc., form a strong confluence on a retrace.
Indicators show the past. Price Action "Indicates" the future.
  • #37,694
  • Jul 16, 2009 2:47am Jul 16, 2009 2:47am
Quoting jarroo
Its just a situation where merging levels like Round Numbers, PPZ levels, Fib levels, EMAs, etc., form a strong confluence on a retarce.
Thanks SC and Jarroo! I would be looking forward your analysis on this case
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #37,695
  • Jul 16, 2009 3:21am Jul 16, 2009 3:21am
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
Quoting jarroo
We don't "Hope" in trading Pipping. "Hope" means that we are not confident in our setup or the setup is not of high quality. We have a simple plan and apply it.

Also, always be aware of the higher time frame levels when your trading the 4 hour time frame. We could be going down to the 1.4000, possible to the 1.3900. Price has been is consolidating on the Daily for some time.
Spot on as always Jarro.
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  • #37,696
  • Jul 16, 2009 3:41am Jul 16, 2009 3:41am
Quoting 2mas
Spot on as always Jarroo
wow, another long time trader/lurker.
your most recent post in this thread was way back in Aug2008!

if i may, let me take u all back to his post on May 3, 2007. still relevant today & has been discussed recently... (take note of the number of pages discussed about & "ranted on" then; if they just begin reading nowadays, for sure they will "rant" more, lol)

Lurk less, post more 2mas.


Quote
I know how you feel Raz, I had the same, especially at the begining when I reached page 81 and the thread was going in the 200's, but trust me when I tell you it's WELL worth it, all the time you spend in it, you will get paid back in bundles.
I know that you'll make it and so will everyone here in this wonderful place.
PAGE 81?!?!?! WTF? my default is 40 posts per page & yet it's still <1000 pages!
  • #37,697
  • Jul 16, 2009 3:44am Jul 16, 2009 3:44am
Hi Guys,

Pretty new to the thread.
Not new to trading.
Been trading and breaking even for quite awhile...
This stuff has been pushing my equity curve upward.
Betting small for now as developing more and more confidence. =)

Read through the 1st 100++ pages of the thread.
It's AWESOME STUFF.
I'm a convert.
And yes, THANK YOU JAMES.

Quick question, I refer to post #37677 by Jarroo on the thread, pg 2512.

This be a 16 hour pinbar per se right?

Question:
How many bars is it "ok" to combine into one?

Support and Resistance + Confluence + Price Action, ROCKs.

Good quote for this method I feel. It's my personal conviction after reading through the method =)
"Only those who have the patience to do simple things perfectly will acquire the skill to do difficult things easily"

Thanks in adv for your input guys
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One Mind, Any Market
  • #37,698
  • Jul 16, 2009 3:56am Jul 16, 2009 3:56am
Being from the UK, when I wake up and check this thread there is around 5 pages of posts to catch up on, great stuff posted here. Working through the thread from the other side, some posters just started to post (2005) Raczekfx and Isotonic, who's charts I have saved (along with Jim's of course). They guys still post? Looking forward to seeing first posts by some of the regulars now, watching how they develop over the years. I hope Forex Factory have this thread backed up in 50 locations including a nuclear bunker.
I hear and I forget. I see and I remember. I do and I understand.
  • #37,699
  • Edited 4:33am Jul 16, 2009 3:58am | Edited 4:33am
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
Hi SC and everybody, wooooow that was a nice one SC.
Thanks for the quote, I know that it was much easier those days....200 pages are way easier than 2500. But hey if you ask me again, I won't change a word of it.
As per your request SC, here is one of Rac based blind trades (AKA 1HRdb) I took last night. Don't we all love the 61.8 level.

Edit: trade closed manually for 117 pips. 153 target was missed only by the spread.
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  • #37,700
  • Edited 4:19am Jul 16, 2009 4:00am | Edited 4:19am
Quoting supremeChaos
jarroo,
at what specific price was your stop at here (eurjpy trade)?
Usd/Jpy 4 Hour BEOB. Trigger was below 94.00. A tight stop loss just above the BarBreak would have worked out nicely. About 10-15 pips s/l.

Does it work all the time? No. But you would be surprised how often it does.

Ist target hit by the way at 93.50.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
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