james16 Chart Thread | Page 2898 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #57,941
  • Mar 11, 2010 4:31am Mar 11, 2010 4:31am
Quoting ljr
Thats good going Benji

Could you tell me when you leave trades like this 'unattended' where is your stop loss? Are you using and EA at all?
Well almost always I won't touch my trade till it hit the 1st trouble area. If I'm around I may move my stop to BE and trail the rest. But because my daily bars close at 12 midnight, I can either take full profit at 1st trouble area, do nothing till I wake up, or miss the trade.
Taking full profit is what I do. So in this case it's either my SL or TP. If you have any Oanda EA please lemme know
  • #57,942
  • Mar 11, 2010 4:40am Mar 11, 2010 4:40am
Quoting s005606
Hi all, hope everybody is making some good pips.


While I am quietly following the thread again (coz I didn't get many good setups to share), I would like to ask a rather dumb question. Kindly pls bear with me that maybe this question has been asked many times before. I understand that this may just be a personal preference, but how many pairs in general do you guys follow? I asked this as I am only following 3 pairs right now as a newbie, but they just don't seem to be giving many setups. I understand good setups don't always come and I am...
Hey Kristopher.

It depends on person and experience how many pairs to watch, majors pairs are good place to begin with. In fact this method gives you a luxury to trade any pair, even crosses independently, don't even look any other chart when you take setup on any given pair, it only confuses you, there's a lot of information on every chart, no need to confuse yourself with additional information from outside sources (other charts), this approach will help you to develop right skills IMO.

hope that helps
  • #57,943
  • Mar 11, 2010 4:58am Mar 11, 2010 4:58am
Quoting mbqb11
here's a quick one I took, only my 3rd trade this month. Alpari feed looks much sweeter

Mike
mike, sorry if you saw the post above but what kind of stop did you end up using for this?
  • #57,944
  • Mar 11, 2010 5:04am Mar 11, 2010 5:04am
Quoting lovejoy80
You missed one... Ireland....PIIGS
oh yah, that's for their next article, so please dont spoil it
  • #57,945
  • Mar 11, 2010 5:05am Mar 11, 2010 5:05am
Lesson for the day: Put your order 1 or 2 pips under your target, genius.

Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD 11_03_2010 (15 Min).jpg Size: 94 KB
When you have to shoot, shoot. Dont talk.
  • #57,946
  • Mar 11, 2010 5:07am Mar 11, 2010 5:07am
Quoting joelcf
Lesson for the day: Put your order 1 or 2 pips under your target, genius.

Attachment
I would say 5 to 10 and then add Spread also.

P.S You like to trade your national currency (most of the times) don't you.
.
  • #57,947
  • Mar 11, 2010 5:11am Mar 11, 2010 5:11am
Quoting benji533
Well almost always I won't touch my trade till it hit the 1st trouble area. If I'm around I may move my stop to BE and trail the rest. But because my daily bars close at 12 midnight, I can either take full profit at 1st trouble area, do nothing till I wake up, or miss the trade.
Taking full profit is what I do. So in this case it's either my SL or TP. If you have any Oanda EA please lemme know
Hi Ben

Another question about your daily trading if I may?

Do you use reduced stops, Jarroo style? Or are your stops at the other end of the setup bar?

Thanks
  • #57,948
  • Mar 11, 2010 5:21am Mar 11, 2010 5:21am
Quoting pmn100
Hi Ben

Another question about your daily trading if I may?

Do you use reduced stops, Jarroo style? Or are your stops at the other end of the setup bar?

Thanks
Yes I do use them, sometimes. Depending on the case. Each setup is different.
  • #57,949
  • Mar 11, 2010 5:29am Mar 11, 2010 5:29am
Quoting mrsingha
Phoot pasaa Thai dai mai krap?
Khun phoot passa Thai day may? Paraya khong phom pen khon thai khrap...

  • #57,950
  • Mar 11, 2010 5:45am Mar 11, 2010 5:45am
Quoting Dan Gilbert
Has anyone really been trying to trade eur/usd, usd/chf the last 3-4 weeks??? this is worse than a sideways market IMO. I won't touch it until it breaks out siginificantly one way or the other. i guess if you play 1hr, you might be able to have made some trades, but as far as daily is concerned, just not for me. yuck.
Hey Dan! Here are my EU and USDCHF that I have been in for a couple of days. I'm hoping to hold it for a possible break out of the weekly consolidation.

K.I.S.S.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eudan.jpg Size: 140 KB
Click to Enlarge Name: uchfdan.jpg Size: 150 KB
  • #57,951
  • Mar 11, 2010 5:50am Mar 11, 2010 5:50am
Quoting datogio
Hey Kristopher.

It depends on person and experience how many pairs to watch, majors pairs are good place to begin with. In fact this method gives you a luxury to trade any pair, even crosses independently, don't even look any other chart when you take setup on any given pair, it only confuses you, there's a lot of information on every chart, no need to confuse yourself with additional information from outside sources (other charts), this approach will help you to develop right skills IMO.

hope that helps
Hi Datogio,

Thank you for your reply. I will try to watch 1-2 pairs more and hope I can manage more pairs as I develop.


In the mean time, I will try to learn from the charts posted here from you and other seniors.
Dreams are hard to follow, but don't let anyone, tear them away...
  • #57,952
  • Mar 11, 2010 6:51am Mar 11, 2010 6:51am
First area reached, lets see how it will act with 2.15.
Attached Image
  • #57,953
  • Mar 11, 2010 7:52am Mar 11, 2010 7:52am
Quoting KissFan
Hey Dan! Here are my EU and USDCHF that I have been in for a couple of days. I'm hoping to hold it for a possible break out of the weekly consolidation.

K.I.S.S.
yeah but you're a beast at this.... I was just speaking from my pov
Many choose unhappiness over uncertainty.
  • #57,954
  • Mar 11, 2010 8:24am Mar 11, 2010 8:24am
I'm having so much fun trading James's style. Price action is where it's at. It's really connected with me. I'm still trying to narrow down the best trades to take. I think where I'm struggling is with my trade management. I've made 7 trades so far and all but one has came back and hit my break even. The other was a small win. When do you guys decide to just take profit and not go for the runner every time? Is it better to take 1/3 off at BE and then manage the trade from there. At least you got something out of the trade.

I'm just curious. I know I should be happy with a break even. At least it's not a loss. But I would like to start getting some returns.
  • #57,955
  • Mar 11, 2010 8:59am Mar 11, 2010 8:59am
This is no trading advice or anything, just something I thought I'd share over here, but I wouldn't be surprised if euraud is going to provide a nice opportunity to go short, either around 1.5000, or 1.5050, somewhere in the near future. Nice bit of confluence in both areas if you ask me.

B.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud shorts.gif Size: 60 KB
It's not about how much you make, it's about how much you don't lose.
  • #57,956
  • Edited 9:54am Mar 11, 2010 9:38am | Edited 9:54am


a beautiful chart

edit: Mark I miss the time when you where all over this charts

Attached Image (click to enlarge)
Click to Enlarge Name: 11mart_dji.gif Size: 21 KB
  • #57,957
  • Mar 11, 2010 10:00am Mar 11, 2010 10:00am
Quoting triger88990


a beautiful chart

Attachment
hi triger, i saw something similar on the ftse with 5600 being key support. i'm in it on demo with an aim to get to around 5640-50 as this is previous resistence.

a question about moving s/l to b/e. How soon should one move this? Last night an order got triggered based on the nzd/usd daily pin. This morning i saw it ventured to the previous bar low so i was quick to lock in some profit (half of it) and move it to b/e, only to find it retraced back and closed me out.
I should be glad that i didnt lose any money (who would have thought i'm so serious about demo money??) , but then again i'm kicking myself for being too eager when i see a winning trade. i think this is the hardest thing about trading.

So my question is, similar to what snoop asked, when should you let a trade run?
  • #57,958
  • Mar 11, 2010 10:24am Mar 11, 2010 10:24am
Quoting GotPips
hi triger, i saw something similar on the ftse with 5600 being key support. i'm in it on demo with an aim to get to around 5640-50 as this is previous resistence.

a question about moving s/l to b/e. How soon should one move this? Last night an order got triggered based on the nzd/usd daily pin. This morning i saw it ventured to the previous bar low so i was quick to lock in some profit (half of it) and move it to b/e, only to find it retraced back and closed me out.
I should be glad that i didnt lose any money (who would have thought i'm so...
It is tough to answers those question becase it have to do more with your one approach on market and your management style.

But you have done a great work there by moving your SL at BE as soon as the first target is reached. You must pay attention to those zones because they may hurt you.It can easily revers and a winner turn into a loser.Each setup is different than other on others I may give them more room to breath other times I may take profits a first critical point

Being serious,and treating your demo account as it was real is part of this business.With this kind of ethics you should have a bright future.

With time you will learn if you will not give up,how to manage your trade
just find a management style what fits to you

hope it helps
  • #57,959
  • Mar 11, 2010 10:30am Mar 11, 2010 10:30am
Quoting GotPips
hi triger, i saw something similar on the ftse with 5600 being key support. i'm in it on demo with an aim to get to around 5640-50 as this is previous resistence.

a question about moving s/l to b/e. How soon should one move this? Last night an order got triggered based on the nzd/usd daily pin. This morning i saw it ventured to the previous bar low so i was quick to lock in some profit (half of it) and move it to b/e, only to find it retraced back and closed me out.
I should be glad that i didnt lose any money (who would have thought i'm so serious...
Another way to look at this chart is looking at where the DJI approached support and it held what this could mean to the USD...
  • #57,960
  • Mar 11, 2010 10:31am Mar 11, 2010 10:31am
Hi my name is Marius. I have found the j16 Threat about 4 or 5 months ago. For one month i read how much i could, but i found that the information on thread is huge. So i decided to subscribe to private forum. For 3 months i gather money and in february 2009 i finally subscribe. I want to tell you that the information and the slideshow is fantastic. Because i trade for 2 years I know a part of what they prezent there ( reversal patterns, suport and rezinstens, Fibs and a lot others) but i did't know how to combine them ( trust me it is very very important). The Psychology Section is also fantastic, they provide you with fantastic tips. After one month I decided that i will cancel my subscription ( the only reason it was that i had money only for one month, because If I had any money i would subscribe for the rest of the year). Anyway because i'm a very lunatic person i forgot to cancel the subscription and the automatic system took money from my acount for March too. Those were my money for the car Insurance )). i was already thinking how i'm gone travel with the train . But the solution it was more simple then i could ever imagine. I wrote an email to Jim, and he wrote in a short time back. And he said something like " Oh no problem all you have to do is cancel your subscription and i will refund your charge". I was so happy the i instantly open my self a beer . and it was like he said.i get my money back. Anyway what i want to say is that beside they offers a clear strategy, which is working very well, they are also extremely corect people. God bless all of you!!!
22 traders viewing now