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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

  • #40,661
  • Aug 11, 2009 10:12pm Aug 11, 2009 10:12pm
Quoting scott087
I can't speak for anyone else here but I'd like to see some stock charts posted here. As long as it follows the J16 method I think it would be beneficial and help people be more patient and picky.

I also think this will reinforce that this method works on any instrunment, any time frame.

Scott
Nope, I think it is a distraction and this is Forex Factory.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,662
  • Aug 11, 2009 10:15pm Aug 11, 2009 10:15pm
Another Scott! Your plan looks solid. I passed on this solely because I do not trade 2-bar setups. Nothing wrong in doing so; just the way I am.

Scott

Quoting scott087
I was also looking at this one, but I wasn't around today at the daily close to check my charts....
  • #40,663
  • Aug 11, 2009 10:16pm Aug 11, 2009 10:16pm
Quoting LasVahGoose
Nope, I think it is a distraction and this is Forex Factory.
True... but cover up the top right hand of the chart and you wouldn't really know what market or timeframe the chart is. Unless of course it is a stock that is gapping.

Scott
  • #40,664
  • Aug 11, 2009 10:17pm Aug 11, 2009 10:17pm
Just a quick question, does anyone look out for 2 matching highs/lows here?

Not DBHLC or DBLHC but the breakout of the matching highs or lows.

Is it a valid PA play and how should we play that?
  • #40,665
  • Aug 11, 2009 10:18pm Aug 11, 2009 10:18pm
Quoting scott087
I can't speak for anyone else here but I'd like to see some stock charts posted here. As long as it follows the J16 method I think it would be beneficial and help people be more patient and picky.

I also think this will reinforce that this method works on any instrunment, any time frame.

Scott
I would like to see stocks also (I know nothing about stocks...but would like to learn someday), but I guess it's against FF rules/etiquette.

GregB
  • #40,666
  • Aug 11, 2009 10:20pm Aug 11, 2009 10:20pm
Quoting phpscott
Another Scott! Your plan looks solid. I passed on this solely because I do not trade 2-bar setups. Nothing wrong in doing so; just the way I am.

Scott
It looks like it's currently retracing back to the entry point after running about 30-40 pips. It hasn't reached my breakeven point yet so I'm wondering if it would be a bad idea to enter if it goes back to my intended entry.

Would this be considered chasing the trade? I feel like since it hasn't reached my BE point and I would be getting in at the original entry price it may not be a bad idea. If I took this when it first broke I would still be in now.

Scott
  • #40,667
  • Aug 11, 2009 10:23pm Aug 11, 2009 10:23pm
Quoting scott087
It looks like it's currently retracing back to the entry point after running about 30-40 pips. It hasn't reached my breakeven point yet so I'm wondering if it would be a bad idea to enter if it goes back to my intended entry.

Would this be considered chasing the trade? I feel like since it hasn't reached my BE point and I would be getting in at the original entry price it may not be a bad idea. If I took this when it first broke I would still be in now.

Scott
Perfectly legit in my books Scott...the trade has only begun...London hasn't even started yet....as a matter of fact, if it dips down -150 pips, I'll buy another lot.

I also will nibble at the buy (if I miss the break of high) with maybe 1/4%-1/2%, just so I don't miss out....then I will keep adding buys if it dips down to proper entry or below. you never know what 1/4% can get you....no emotion because it's only 1/4% risk...who cares? But if it runs on you 4X risk....you can still bag 1%.

Just me though...GregB
  • #40,668
  • Aug 11, 2009 10:24pm Aug 11, 2009 10:24pm
You guys want to do stocks with J16 method there is already another thread in the commercial section that does that. No need for that here. IMO.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,669
  • Aug 11, 2009 10:34pm Aug 11, 2009 10:34pm
Quoting LasVahGoose
You guys want to do stocks with J16 method there is already another thread in the commercial section that does that. No need for that here. IMO.
I think doing that here with this crowd and the original j16 method would be beneficial. I don't even bother reading that other copycat thread so I'd like to see other instruments like Jim did in the beginning and still occasionally posts (futures, commodities, etc).

Scott
  • #40,670
  • Aug 11, 2009 10:34pm Aug 11, 2009 10:34pm
I agree.

Entering in that fashion is fine only when the first support/resistance has not been reached. When I enter after price comes back after a break, I make darn sure the water is still "safe" first.

Scott

Quoting batesmotel
Perfectly legit in my books Scott...the trade has only begun...London hasn't even started yet....as a matter of fact, if it dips down -150 pips, I'll buy another lot.

I also will nibble at the buy (if I miss the break of high) with maybe 1/4%-1/2%, just so I don't miss out....then I will keep adding buys if it dips down to proper entry or below.

Just me though...GregB
  • #40,671
  • Aug 11, 2009 10:35pm Aug 11, 2009 10:35pm
goose has me thinking.

a chart is a chart and i used to post other things all the time.

maybe i will get back to it from time to time.

Quoting scott087
i can't speak for anyone else here but i'd like to see some stock charts posted here. As long as it follows the j16 method i think it would be beneficial and help people be more patient and picky.

I also think this will reinforce that this method works on any instrunment, any time frame.

Scott
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  • #40,672
  • Aug 11, 2009 10:36pm Aug 11, 2009 10:36pm
hmmmm.

goose has a point.

ahhh what the hell he learned it from me.



Quoting LasVahGoose
You guys want to do stocks with J16 method there is already another thread in the commercial section that does that. No need for that here. IMO.
  • #40,673
  • Aug 11, 2009 10:37pm Aug 11, 2009 10:37pm
Quoting james16
Sorry las. Lol

a chart is a chart.
Beautiful setup
  • #40,674
  • Aug 11, 2009 10:39pm Aug 11, 2009 10:39pm
Quoting james16
Sorry las. Lol

a chart is a chart.
Do you just pick any stock, or do you sift thru the 100's of stocks and consider their fundies? How do you know which stock to pick...there are so many?

GregB
  • #40,675
  • Aug 11, 2009 10:40pm Aug 11, 2009 10:40pm
Quoting phpscott
I agree.

Entering in that fashion is fine only when the first support/resistance has not been reached. When I enter after price comes back after a break, I make darn sure the water is still "safe" first.

Scott
Sometimes after the initial hard break it will reach my BE point. If it reaches my BE point then goes back to my original entry at this point I wouldn't even consider entering a missed trade.

Scott
  • #40,676
  • Aug 11, 2009 10:45pm Aug 11, 2009 10:45pm
Quoting james16
goose has me thinking.

a chart is a chart and i used to post other things all the time.

maybe i will get back to it from time to time.

yes you did.......
I remember that..
  • #40,677
  • Aug 11, 2009 10:48pm Aug 11, 2009 10:48pm
thats part of my passion with this business.

i love sifting thru charts.

i trade stocks mostly on weekly/monthly charts so its not that time consuming.

this business is a hell of a lot of fun when you have enough money to be ultra ulktra ultra picky.

took me a lot of heartache to figure out trading with a small account is damn near impossible.

sorry but thats how i see it.

fundies?

whats that, something the good humour man sells?





Quoting batesmotel
Do you just pick any stock, or do you sift thru the 100's of stocks and consider their fundies? How do you know which stock to pick...there are so many?

GregB
  • #40,678
  • Aug 11, 2009 10:50pm Aug 11, 2009 10:50pm
Quoting james16
goose has me thinking.

a chart is a chart and i used to post other things all the time.

maybe i will get back to it from time to time.
I miss the coffee and pork belly charts lol... I'd like to see other markets posted again if you don't mind. It all looks the same to me on the chart but it gives me more options to trade and follow which is always a plus.

Scott
  • #40,679
  • Aug 11, 2009 10:54pm Aug 11, 2009 10:54pm
Quoting james16
thats part of my passion with this business.

i love sifting thru charts.

i trade stocks mostly on weekly/monthly charts so its not that time consuming.

this business is a hell of a lot of fun when you have enough money to be ultra ulktra ultra picky.

took me a lot of heartache to figure out trading with a small account is damn near impossible.

sorry but thats how i see it.

fundies?

whats that, something the good humour man sells?

I hear you....lol...good advice...(my kids think I'm nuts because everytime they come over, I'm always glued to a computer screen looking at "all those line thingies")...GregB
  • #40,680
  • Aug 11, 2009 11:00pm Aug 11, 2009 11:00pm
Quoting supremeChaos
I10B? That's nothing!!!
Check out Sir jarroo's recent (June14'09) I46B!

That was one easy, simple, painless, very profitable trade . . . if I don't recall.

http://www.forexfactory.com/showpost...ostcount=33414


http://www.forexfactory.com/showpost...ostcount=33443
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