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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

  • #49,721
  • Dec 14, 2009 5:59pm Dec 14, 2009 5:59pm
Quoting Dan Gilbert
draw me a big ass 4hr pinbar/BEOB please

Oh no... this is not what I wanted to happen (weak pin), but I feel almost like I must trade this... what do you guys think?

the yellow trendlines represent the divergence, the red trendline is the daily trendline, and you can also see the .7500 round number.....
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Many choose unhappiness over uncertainty.
  • #49,722
  • Edited 8:53pm Dec 14, 2009 8:42pm | Edited 8:53pm
Quoting bluetrader
I'm at b/e in AUD/CAD,...
I'm out of this long position after the two bar low and beob (cyan arrow). I tightened my stop on the bearish signal and down it went. Took about +.5R on this trade.

Anyone using targets in this kind of markets? I'm having a tough time getting >+1R trades when things are so choppy. My last 2 trades netted +.5R each, when targets at resistance would have yielded at least double that.

I followed my rules, so I'm happy.

-- Danny
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  • #49,723
  • Dec 14, 2009 9:16pm Dec 14, 2009 9:16pm
I got the activation code for my forex-tester program today. Looks like I'll never have an excuse to not learn now.

$116.00 well spent
Many choose unhappiness over uncertainty.
  • #49,724
  • Dec 14, 2009 9:19pm Dec 14, 2009 9:19pm
Quoting Dan Gilbert
I got the activation code for my forex-tester program today. Looks like I'll never have an excuse to not learn now.

$116.00 well spent
dont forget to share with us when u have learned
  • #49,725
  • Dec 15, 2009 1:10am Dec 15, 2009 1:10am
Quoting benji533
10 mins left till the close of the bar....lets see if we can get some PA here
Here is an update for this trade
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  • #49,726
  • Dec 15, 2009 1:13am Dec 15, 2009 1:13am
Took me a while to get through this thread.:nerd:

Enjoyed it thou, thx to all the ppl who shared their knowledge here. Wish i could be as good.....
Life is a school for the soul
  • #49,727
  • Dec 15, 2009 1:18am Dec 15, 2009 1:18am
The power of confluence...

Happy Hanukkah / Christmases to all of you
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  • #49,728
  • Dec 15, 2009 2:02am Dec 15, 2009 2:02am
i could not tell the difference between ur trades and racs benji. that being a compliment.
  • #49,729
  • Dec 15, 2009 2:29am Dec 15, 2009 2:29am
Quoting benji533
Here is an update for this trade
Long wait for that one, but certainly worth it. I was relieved to get in 1 min before Oanda moved the spread from 3 pips to 10
  • #49,730
  • Dec 15, 2009 3:19am Dec 15, 2009 3:19am
Quoting Scooter17
Hi All,

Thought I'd put this up an the event someone else may find it usefull. Probably the most difficult thing I find/found is starting out was asking the right questions when seeing a setup. NOw me being me I am not renound for my patience...which often led to me jumping the gun ....and well...you know the price you pay for that. Anyhow I have over time developed what I call a trading report, which forces me to ask the questions on any given trade I wish to take....objectivly. I have attached the .pdf...hopefully someone finds it of some...
Hi Scooter,

Nice work man...
-happyTrading-myFx.
  • #49,731
  • Dec 15, 2009 3:26am Dec 15, 2009 3:26am
good to see you all making pips!! seems everyone made something from the cad pairs!!
this is the only trade i took yesterday..
the 4h IB at a good location got me lookin and when a 1h beob engulfed the 4 bars that made it up i took the short with a nice tight stop, good confirmation when the 1h BEOB turned in to a 4h BEOB. all pretty simple stuff no??

jon
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PATIENCE... DISCIPLINE
  • #49,732
  • Dec 15, 2009 3:34am Dec 15, 2009 3:34am
did anyone take the daily IB on eu?? missed that one! bige BEOB then an IB gatherring up momentum!?!?!?
ah well cant win em all!
jon
PATIENCE... DISCIPLINE
  • #49,733
  • Dec 15, 2009 3:58am Dec 15, 2009 3:58am
Quoting g_j_hook@yah
good to see you all making pips!! seems everyone made something from the cad pairs!!
this is the only trade i took yesterday..
the 4h IB at a good location got me lookin and when a 1h beob engulfed the 4 bars that made it up i took the short with a nice tight stop, good confirmation when the 1h BEOB turned in to a 4h BEOB. all pretty simple stuff no??

jon

Seems that I'm the only one without taking any trade this week,anyway it's just tuesday and holidays seems to bring a very choppy market. And this choppines is not for me, but I'm still watching for some opportunities

After you make some gains the next step is to preserve your capital and this is what I'm going to achieve myself. I'm going to bring my "trader career" to the next level.

It is nice to see that you guys are heaving some pips, wish you more to come in your accounts.

trade wisely

wish you the best!!
  • #49,734
  • Dec 15, 2009 4:00am Dec 15, 2009 4:00am
Quoting triger88990
Seems that I'm the only one without taking any trade this week,anyway it's just tuesday and holidays seems to bring a very choppy market. And this choppines is not for me, but I'm still watching for some opportunities

After you make some gains the next step is to preserve your capital and this is what I'm going to achieve myself. I'm going to bring my "trader career" to the next level.

It is nice to see that you guys are heaving some pips, wish you more to come in your accounts.

trade wisely

wish you the best!!
thats a good mind set to have bro!
wish u the best
jon
PATIENCE... DISCIPLINE
  • #49,735
  • Dec 15, 2009 4:19am Dec 15, 2009 4:19am
Quoting supermatt
i could not tell the difference between ur trades and racs benji. that being a compliment.
Nope, not rac yet, but be sure I am using my Hanukkah holiday to work on it hard

Quoting Jlr
Long wait for that one, but certainly worth it. I was relieved to get in 1 min before Oanda moved the spread from 3 pips to 10
Well, considering a high TF PPZ plus fibs supported by oil finding some ground and gold free-falling, it was a good bet IMO.

Quoting g_j_hook@yah
did anyone take the daily IB on eu?? missed that one! bige BEOB then an IB gatherring up momentum!?!?!?
ah well cant win em all!
jon
no IBs for me, but I am still in my short from last week with a 17 pip stop


Quoting triger88990
...I'm going to bring my "trader career" to the next level.
ohh I'm sure you will
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  • #49,736
  • Dec 15, 2009 4:23am Dec 15, 2009 4:23am
Did anyone get out of GBPCHF with profit or are you all still holding on?
  • #49,737
  • Dec 15, 2009 4:24am Dec 15, 2009 4:24am
Quoting benji533
Nope, not rac yet, but be sure I am using my Hanukkah holiday to work on it hard





no IBs for me, but I am still in my short from last week with a 17 pip stop
very nice benji! is that still a full possition??
jon
PATIENCE... DISCIPLINE
  • #49,738
  • Dec 15, 2009 4:29am Dec 15, 2009 4:29am
Quoting g_j_hook@yah
very nice benji! is that still a full possition??
jon
Half..
  • #49,739
  • Dec 15, 2009 4:30am Dec 15, 2009 4:30am
look at the weekly chart....looks bullish to me, I have a bias to the long side given USD strengthening

Quoting Pip Pride
Hi

Anyone looking at USD/CAD at the moment. I believe there may be a potential short on here on the 4h and daily, though there is choppy price below. But I'm new here, and would like to see some one with more experience in J16 give it a proper J16 evaluation.
  • #49,740
  • Dec 15, 2009 4:36am Dec 15, 2009 4:36am
Quoting benji533
Nope, not rac yet, but be sure I am using my Hanukkah holiday to work on it hard



Well, considering a high TF PPZ plus fibs supported by oil finding some ground and gold free-falling, it was a good bet IMO.



no IBs for me, but I am still in my short from last week with a 17 pip stop




ohh I'm sure you will

very nice bro

On fiber I took the opposite at that moment (because I was still bullish), and was taken out at BE+1, didn't wanted to get involved in this to much knowing that we have just broken the upper long term move TL, and at that moment totally forgotten by the weekly PB on gold and not to mention that oil closes below 72.

All this signs were good enough to go short,nice one bro

keep it up the good work you are doing

wish you the best.
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