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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

  • #43,661
  • Sep 13, 2009 7:33pm Sep 13, 2009 7:33pm
Quoting raczekfx
Lol... yes, I remember. I have revised it now to 1.1360. Meet you there in few weeks.
What you think about the 1.0900ish level? A possible . . . . KaBoom!.
Indicators show the past. Price Action "Indicates" the future.
  • #43,662
  • Sep 13, 2009 8:01pm Sep 13, 2009 8:01pm
Quoting jarroo
What you think about the 1.0900ish level? A possible . . . . KaBoom!.
UC back to test 1.0790sh (eu to 1.4570, ym - 9550) and then kaboom to 1.0920.
This is how I see it and have already set limit orders accordingly..
  • #43,663
  • Sep 13, 2009 8:03pm Sep 13, 2009 8:03pm
Quoting raczekfx
UC back to test 1.0790sh (eu to 1.4570, ym - 9550) and then kaboom to 1.0920.
This is how I see it and have already set limit orders accordingly..
Thanks Rac. Interesting.
Indicators show the past. Price Action "Indicates" the future.
  • #43,664
  • Sep 13, 2009 9:45pm Sep 13, 2009 9:45pm
Quoting supremeChaos
if im following correctly.....

(to benji533)
depending on your target or trade management, 1 way i'd take this on is hide my stop below the last 3 bars on your chart (try & put an ascending trendline on that last 3 bars). Reason: 1 possible scenario is price will go into a range mode (roughly 1.8570-1.8670 area) soon, before deciding the next move...
AUDUSD price then: 0.8640
AUDUSD price now: +/-0.8569 (IBFX Mt4)

price dropped down as expected, where expected.
hopefully, benji cashed in on this particular trade.

Let's see if audusd/the majors will drop further.
  • #43,665
  • Sep 14, 2009 1:02am Sep 14, 2009 1:02am
Hi guys/galz...Need help here........

I am kinder new here. Been reading the thread quietly and following all that is written and i am now at the point where i need to get out of the Break-even position i am in and i thinking the PF will do it for me.........for those of you on the PF, what are your experiences and advise after joining it? If you compared the free stuff here and PF, which one would you route for?

Cheers and happy trading.
  • #43,666
  • Sep 14, 2009 1:32am Sep 14, 2009 1:32am
Nice pinbar on GBPAUD - w1
Attached Image (click to enlarge)
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  • #43,667
  • Sep 14, 2009 1:39am Sep 14, 2009 1:39am
Quoting Danku
Hi guys/galz...Need help here........

I am kinder new here. Been reading the thread quietly and following all that is written and i am now at the point where i need to get out of the Break-even position i am in and i thinking the PF will do it for me.........for those of you on the PF, what are your experiences and advise after joining it? If you compared the free stuff here and PF, which one would you route for?

Cheers and happy trading.

If you have gone thru the thread for a while. you have been demoing with soso results and you veiwed the guest videos a bunch of times http://www.james16group.us/Guests/guestmaterial.html

Absolutely, check out the PF. A ton more of James16 and Mike videos and webinars there are simply excellent. I'm not going to lie to you, the PF will help you out greatly. The people there, like here, are cool as hell, I could go on on.

Look, even if its for a month or two. That's what I did. I'm now a Lifetime member, but you don't have to be. It's definetly worth it.

Just my 2 cents.
Indicators show the past. Price Action "Indicates" the future.
  • #43,668
  • Sep 14, 2009 1:42am Sep 14, 2009 1:42am
Quoting Danku
Hi ...i am now at the point where i need to get out of the Break-even position i am in and i think the PF will do it for me...........
Danku,
i am not a PF member... yet.

i believe the PF is much better than the free stuff: more meat & less clutter.
i have heard & it has been mentioned here too, that there are tons of videos in the PF, aside from the journals of several traders.

it does not necessarily mean that u will be successful a few days/months after u join the PF. it does not work that way. there is no external magic bullet: the key to success is within us.

the things shared here for free, imho, are enough in itself to make you consistently profitable.
it's just a matter of discipline (avoiding the bad setups, while repeatedly taking the best setups), patience & discretion (picking the good/best setups). if a trader does not have these 3 'traits', then it's fairly difficult to succeed no matter how good the teachings, free or paid, presented/shared are.

i would encourage anyone interested to join the PF. join it for the purpose of learning, not for the purpose of finding something that is nonexistent.
at the same time, i encourage everyone to work on improving &/or acquiring the 3 traits too. we all should.
  • #43,669
  • Sep 14, 2009 1:51am Sep 14, 2009 1:51am
Quoting StoragePro
Trig -

As sure as the sun rises tomorrow morning, someone is not going to like this response.

That much time is not helping.
Working hard is a good thing of course. Work smart is far better.

Tell me - how hard is it to:

Draw a PPZ?
See a PA bar that is bigger than the preceding bars?
Draw a fib and measure a retrace to 50 - 61 percent?
See that the PA is formed at a PPZ along with some sort of confluence? (Divergence, round number, fib)
Notice that it is at an extreme or at least a swing high or low?
That it is not trading right into...
hey SP

I was working hard this days because I will work a full time job next month as a telecommunication engineer,and when those day will come i'll probably not have much time to spend studying.

answering your question.

I'm not finding big problem in any of this situation.

Actually first when i look at my charts and then come here to compare with others from here I don't find any major difference,and after almost 2 months of practicing this stuff I'm near to BE.

I think it's all about being patience and only waiting for those A++ setup with space,and not struggling much with those "so-so setup" as mike says.

wish you the best!
  • #43,670
  • Sep 14, 2009 1:51am Sep 14, 2009 1:51am
Quoting Danku
Hi guys/galz...Need help here........

I am kinder new here. Been reading the thread quietly and following all that is written and i am now at the point where i need to get out of the Break-even position i am in and i thinking the PF will do it for me.........for those of you on the PF, what are your experiences and advise after joining it? If you compared the free stuff here and PF, which one would you route for?

Cheers and happy trading.

Hi Danku,
This thread contains much if not all of what you need to be successful,
But I find the PF helps me 'get it' much faster. And it has a much wider range of resources... the vids are excellent, and the senior member sections add completely new angles. Check the guest area to see what you think.
I definitely recommend it if the fees are not an issue to you.

All the best.
If you can wait and not be tired by waiting...
  • #43,671
  • Sep 14, 2009 1:52am Sep 14, 2009 1:52am
Thanks supremechaos and jarroo......

Will make a decision and thanks for the advise, it is very very helpful.......esp wat you say jarroo........

Something else and i am NOT trying to bring this issue back but i must APOLOGISE to James16 about some comment i made on so other thread. After reading this thread i noted quite abit of similarities and came to the conclusion as to what happened there...Sorry James16, hope apology accepted.

Quoting supremeChaos
Danku,
i am not a PF member... yet.

i believe the PF is much better than the free stuff: more meat & less clutter.
i have heard & it has been mentioned here too, that there are tons of videos in the PF, aside from the journals of several traders.

it does not necessarily mean that u will be successful a few days/months after u join the PF. it does not work that way. there is no external magic bullet: the key to success is within us.

the things shared here for free, imho, are enough in itself...
  • #43,672
  • Sep 14, 2009 2:09am Sep 14, 2009 2:09am
Quoting jarroo
1st Target hit. That was easy.

I look at some of my past runners and they seem to happen on Mondays. I love Mondays.

Breaks with no draw down, the ulimate confirmation. . . gotta love it.
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Indicators show the past. Price Action "Indicates" the future.
  • #43,673
  • Sep 14, 2009 2:21am Sep 14, 2009 2:21am
Quoting oltciter
Nice pinbar on GBPAUD - w1
Confluences look good, but the baby PB wouldn't cut it for me. An easy pass. I understand that the location and confluences can override the quailty structure of the PA ( meaning the size , shape, etc.) at times, but if you do take a break, I would keep it very tight, management wise.
Indicators show the past. Price Action "Indicates" the future.
  • #43,674
  • Sep 14, 2009 2:28am Sep 14, 2009 2:28am
Quoting jarroo
I look at some of my past runners and they seem to happen on Mondays. I love Mondays.

Breaks with no draw down, the ulimate confirmation. . . gotta love it.

Hello, This one's a real beaut. I up + - 100 pips already... a few questions Jaroo if you don't mind:

1) would you sell another lot to profit a bit more futher down?
2)Where do you move you stop to?

I've taken some profit at 1.6536 and moved my stop to 1.6615....


Dave
  • #43,675
  • Sep 14, 2009 3:02am Sep 14, 2009 3:02am
Quoting Mpondondo
Hello, This one's a real beaut. I up + - 100 pips already... a few questions Jaroo if you don't mind:

1) would you sell another lot to profit a bit more futher down?
2)Where do you move you stop to?

I've taken some profit at 1.6536 and moved my stop to 1.6615....


Dave
1. No, I wouldn't sell another lot randomly (if that's what you mean). Did we enter this trade randomly? No. I may look for a retrace off a bounce of the 1.6500 on the 4 hour. But it has to be a high quaulity PA setup on the 4 hour, just like any other setup.

2. My intial stop loss was 45 pips, again I would have cut my loss sooner if it didn't break as well as it did. My 1st half was 33 pips and my 2nd half is now at break even. I do like your 1.6615 stop. That 1.6600 is a strong level as you can see on the chart.

1.6500 is a great location. How Price reacts (meaning PA) to this level will determine how long I keep the 2nd half open.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #43,676
  • Sep 14, 2009 3:14am Sep 14, 2009 3:14am
Quoting jarroo
I look at some of my past runners and they seem to happen on Mondays. I love Mondays.

Breaks with no draw down, the ulimate confirmation. . . gotta love it.
That is a damn nice trade. Textbook stuff.

When you have to shoot, shoot. Dont talk.
  • #43,677
  • Sep 14, 2009 3:19am Sep 14, 2009 3:19am
Quoting joelcf
That is a damn nice trade. Textbook stuff.


I was concerned about the size of the PB, but sometimes the consolidation area sucks it back in. ( I guess I like it when they don't tease. lol)

Thanks Joel.
Indicators show the past. Price Action "Indicates" the future.
  • #43,678
  • Sep 14, 2009 3:20am Sep 14, 2009 3:20am
Quoting jarroo
.

1.6500 is a great location. How Price reacts (meaning PA) to this level will determine how long I keep the 2nd half open.

Thanks Jaroo, I sometimes have random Ideas.. which will probably lead to me randomly losing all over the place.
yes 1.65 has some strong history behind... and then the 365 day ema is lurking below that...

another random question, I set my EMA for the close of the candle, is there any advantage to using a different setting?
  • #43,679
  • Sep 14, 2009 3:46am Sep 14, 2009 3:46am
Hi Guys,

Took this failed pin on the EUR CAD 2 days ago. Any insights on what I missed out to get stopped out in 2 bars?

Pro:

Rejected by 2 EMAs
PPZ
Nice Pin bar
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  • #43,680
  • Sep 14, 2009 3:47am Sep 14, 2009 3:47am
Thank you Jarroo! I will keep my buy stop for a brake. My stop is only 30 pips and first problem zone is on 50 pips distance on daily chart. I already set my sound alerts!
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