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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

  • #53,961
  • Feb 4, 2010 10:14am Feb 4, 2010 10:14am
Quoting triger88990
nasir have you missed this one

I'll beat you are all over it,don't you?

lets see if we can get a nicely PB over the daily chart or at least to grab some pips.

oh..... just saw it, that we already have a PB on the 4h chart

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Hey buddy,

Personally I would prefer a big PA bar off the 2.0000 level
(added the 365ema for those who like it as an additional conflu)

Ben
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  • #53,962
  • Edited 10:31am Feb 4, 2010 10:19am | Edited 10:31am
Quoting joelcf
Can I ask why you are limiting the pairs you watch? Those are the 'strong hands', I guess, but watching lots of pairs isnt a problem at all.. its only bad when you try and trade too many (either positively or negatively) correlated pairs.

(also, only just saw your pm sorry.. will have a think and shoot some ideas back tomorrow)
I agree. James said that as well. As I am not going under the 4H, looking at many pairs plus any other markets is allowing more opportunities, and makes it easier to stick only to the really good setups.
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  • #53,963
  • Feb 4, 2010 10:29am Feb 4, 2010 10:29am
Quoting benji533
Very true. This is my mission!


I have gone through a lot. I was trading just for trading. I traded the 5 mins, touch trades, etc etc.
Even doing some nice profits at the bottom line - but still felt like a gambler. I know I can't be a gambler when I am holding a huge account in order to make this business.

Trading for making money (not trading just for trading) = taking only A++ setups.
Managing your trades correctly and not taking risks you can avoid = making business instead of gambling.

Thanks brother.
Always knew you would complete the circle Benji...been there done just that.

g.
I believe . . .
  • #53,964
  • Feb 4, 2010 10:35am Feb 4, 2010 10:35am
Quoting ghous
Always knew you would complete the circle Benji...been there done just that.

g.
I still remember the coment you have made about me and Nasir a few weeksmonths ago. That helped me to think deeper into it. Thanks ghous.

this is just the beginning of the marathon.
  • #53,965
  • Feb 4, 2010 10:42am Feb 4, 2010 10:42am
wow nice run on that break out
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  • #53,966
  • Feb 4, 2010 10:46am Feb 4, 2010 10:46am
Hi All!

http://www.bloomberg.com/apps/news?p...UFEmYXJE&pos=1

I hope very much that you are all on the right side of this happening. I am short EU, EJ, UJ and AUDCAD. Did not expect this craziness - so I am lucky this tim - but the nice thing is, when this happens one can change the direction of the position with a mouse click.....

God luck!!!!!
Kind Regards zol
  • #53,967
  • Feb 4, 2010 10:54am Feb 4, 2010 10:54am
(Repost)

>I'm currently using MACD and Stochastics on default settings. My preferred TF is daily. Would the default settings be OK on this TF based on J16?

>When you say "don't trade on NFP Friday", do you mean don't trade the NY Friday session, or don't trade at all after the NY Thursday session ends (in less than 6 hours as of this writing)?
  • #53,968
  • Feb 4, 2010 11:03am Feb 4, 2010 11:03am
i actually watched this and played diff scenario last night but forgot to pull the trigger.....now look @ it go ....lol
atleast i knew what to look for
on to the next one
congrats to those that took this, easy money
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Simplicity is the key to success
  • #53,969
  • Feb 4, 2010 11:06am Feb 4, 2010 11:06am
this was nice.... I'm moving my S/L to b/e as soon as I post this, half position already closed.

IB straddling 80.00 round number
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Many choose unhappiness over uncertainty.
  • #53,970
  • Feb 4, 2010 11:06am Feb 4, 2010 11:06am
Quoting benji533
I agree. James said that as well. As I am not going under the 4H, looking at many pairs plus any other markets is allowing more opportunities, and makes it easier to stick only to the really good setups.
These are when you want to jump up and say: " This stuff is DIRT SIMPLE FOLKS!"
  • #53,971
  • Feb 4, 2010 11:08am Feb 4, 2010 11:08am
Quoting Dan Gilbert
this was nice.... I'm moving my S/L to b/e as soon as I post this, half position already closed.

IB straddling 80.00 round number
AWESOME. These are going to be my next bar to learn. Making some good progress in my trading need to focus on that now, but next are the IBs.
  • #53,972
  • Feb 4, 2010 11:13am Feb 4, 2010 11:13am
Quoting dmc
AWESOME. These are going to be my next bar to learn. Making some good progress in my trading need to focus on that now, but next are the IBs.
multiple IB's are MONEY....
Many choose unhappiness over uncertainty.
  • #53,973
  • Feb 4, 2010 11:15am Feb 4, 2010 11:15am
chart
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Simplicity is the key to success
  • #53,974
  • Feb 4, 2010 11:49am Feb 4, 2010 11:49am
Hey Dan,

I see you getting to be an expert on this...do you might explaining how you go about these multiple IBs trades.........cheers...

Quoting Dan Gilbert
multiple IB's are MONEY....
  • #53,975
  • Feb 4, 2010 12:16pm Feb 4, 2010 12:16pm
Quoting joelcf
This is the kind of chart I used to take a loss on. No more - as long as you recognise it is in a range, and you learn the game by playing the game*...

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* some smart guy said this once. forget who - he was pretty big, and talked kinda funny...
and hes back
  • #53,976
  • Feb 4, 2010 12:17pm Feb 4, 2010 12:17pm
Quoting Dhb
Hi everybody,

This is my first post here in this thread and on FF as well. My name is Boy, and I arrived here via Tom (Trader Dante / Wizard) over at T2W. I'm currently busy ploughing through this behemoth thread from the start. I'm currently just past page 1100 and I'm also following the current events since page 3250 or so. I've also already viewed the free videos on the J16 website a couple of times.

I'm currently demoing two methods, the "classical J16 method" if you will, i.e., PA on D1 and W1, and also a ppz-touch method I constructed...
Hey Boy
Welcome to the huge thread Please do post away charts when you have time

Mike
  • #53,977
  • Feb 4, 2010 12:18pm Feb 4, 2010 12:18pm
Quoting Danku
Hey Dan,

I see you getting to be an expert on this...do you might explaining how you go about these multiple IBs trades.........cheers...

I'm no expert trader, but just watch for them especially on the daily, at a PPZ/very big round number... make sure the inside bar is considerably smaller than the previous 4-8 bars....
Many choose unhappiness over uncertainty.
  • #53,978
  • Feb 4, 2010 12:21pm Feb 4, 2010 12:21pm
well I wanted some sleep and let the better of my "prediction" abilities take over and closed out at the prior low.

Hope some of you stuck it out though and took more then myself!

Mike
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  • #53,979
  • Feb 4, 2010 12:46pm Feb 4, 2010 12:46pm
Quoting Dan Gilbert
I'm no expert trader, but just watch for them especially on the daily, at a PPZ/very big round number... make sure the inside bar is considerably smaller than the previous 4-8 bars....
Hi, Dan. Where do you place your entry during a multiple IB setup? 10 pips above / below the high / low, or somewhere else altogether? Also, where would you place your stop? Lastly, is this EU 1 hour something you're watching? Thank you and happy trading to all!
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  • #53,980
  • Feb 4, 2010 12:58pm Feb 4, 2010 12:58pm
Quoting mbqb11
well I wanted some sleep and let the better of my "prediction" abilities take over and closed out at the prior low.

Hope some of you stuck it out though and took more then myself!

Mike
well i was short on EU, GU and EJ and i closed them all a few hours ago ... i didnt get too much pips on them but hey profit is profit right? even if it is a small one

the thing that angers me most is that i closed EJ manually after 100 pips instead of letting it go as i predicted (put a TP at 122.20)
so i have collected 100pips instead of 400 !!!! it would be better if i would be away from my computer and if it would be a TP a would have a nicer collection of green bars on my platform.. loll
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