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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

  • #75,521
  • Sep 24, 2010 11:58am Sep 24, 2010 11:58am
Quoting LiuLangZe
Hi guys greetings from Singapore, just noticed a pin on CHFJPY D1, in my humble opinion

 

  1. Bar is on a swing high
  2. Pretty decent size
  3. Most notably broke through BRN at 86.00

http://img809.imageshack.us/img809/1884/0001te.jpg

Uploaded with ImageShack.us
http://yfrog.com/mh0001tej
Any possible area I might have overlooked/missed out? Thanks.

Wassup Melvin!

my views on this.

its friday bar. could be profit taking bar after recent runup

86 is NOT BRN. Its round number. 85 is BRN

we are going straight into 85 which is a BRN
  • #75,522
  • Sep 24, 2010 12:04pm Sep 24, 2010 12:04pm
This past week was the only week of this past month that I made more than 1%....


was it a slow month for anyone else? Or just me?
Many choose unhappiness over uncertainty.
  • #75,523
  • Sep 24, 2010 12:06pm Sep 24, 2010 12:06pm
Boy, I have some great days over the months being here....but I guess I was due for one of these not so good days.

Of course it had to happen on a day when I increased position size.

I am still trying to figure out what went wrong with the "J16 manager"( I know this is not furnished by James or promoted here). Just wanted to give you a heads up when using multiple lots with multiple entries that it appears it didn't work correctly and stopped me out for a loss that in my eyes shouldn't have occurred or maybe it was my error...my bad I should have tested it using multiple entries. Just a warning for those who use it...or maybe you are already aware.

To make matters worse....I was asleep when this occurred and was trying to manage my way out of it...and my internet crapped out...at least the phone worked to my broker.

Chalk it up to experience.

Bill
  • #75,524
  • Sep 24, 2010 12:10pm Sep 24, 2010 12:10pm
Quoting Atc
Boy, I have some great days over the months being here....but I guess I was due for one of these not so good days.

Of course it had to happen on a day when I increased position size.

I am still trying to figure out what went wrong with the "J16 manager"( I know this is not furnished by James or promoted here)....

Open a second account with your broker and run the EA for individual entries on individual MT4 windows. That's what I do.
Many choose unhappiness over uncertainty.
  • #75,525
  • Sep 24, 2010 12:19pm Sep 24, 2010 12:19pm
Quoting roundrock
my views on this.

its friday bar. could be profit taking bar after recent runup

86 is NOT BRN. Its round number. 85 is BRN

we are going straight into 85 which is a BRN

Hi Roundrock,

In your opinion, would this bar be good for a short 50pips profit (from a pure profit standpoint) but not that good overall because it will most likely 'stall' at 85 with us having to risk twice that amount since the pin is about 100 pips long and our stop loss is at its high?
  • #75,526
  • Sep 24, 2010 12:21pm Sep 24, 2010 12:21pm
Quoting Dan Gilbert
This past week was the only week of this past month that I made more than 1%....


was it a slow month for anyone else? Or just me?
been up and down for me to Dan, much like august
  • #75,527
  • Sep 24, 2010 12:24pm Sep 24, 2010 12:24pm
Quoting mbqb11
been up and down for me to Dan, much like august
Yes man, two months in a row....

Before I would have more significant gains on occasion, but like you said, lately just plain slow....

still better than losing
Many choose unhappiness over uncertainty.
  • #75,528
  • Sep 24, 2010 12:59pm Sep 24, 2010 12:59pm
Quoting Dan Gilbert
This past week was the only week of this past month that I made more than 1%....


was it a slow month for anyone else? Or just me?
I might be too cautious still, but I only took one trade, and saw two others I regret not taking.

Really slow month. Of course the first two weeks were still summer chop and slop.
  • #75,529
  • Sep 24, 2010 1:16pm Sep 24, 2010 1:16pm
Quoting Dan Gilbert
Open a second account with your broker and run the EA for individual entries on individual MT4 windows. That's what I do.
Dan,


Thanks for the advice

Bill
  • #75,530
  • Sep 24, 2010 1:54pm Sep 24, 2010 1:54pm
Quoting roundrock
my views on this.

its friday bar. could be profit taking bar after recent runup

86 is NOT BRN. Its round number. 85 is BRN

we are going straight into 85 which is a BRN
I looked @ 85 on weekly/daily, it seems to be a strong PPZ also
Can anyone else see this ?
  • #75,531
  • Sep 24, 2010 2:10pm Sep 24, 2010 2:10pm
all of you will be seeing me more active.

simple pivot retrace entry off of BRN and solid support.
Attached Image(s) (click to enlarge)
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  • #75,532
  • Sep 24, 2010 2:17pm Sep 24, 2010 2:17pm
Quoting james16
all of you will be seeing me more active.

simple pivot retrace entry off of BRN and solid support.
The master returns....
Dr. C
  • #75,533
  • Sep 24, 2010 2:24pm Sep 24, 2010 2:24pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting james16
all of you will be seeing me more active.
Wahoo!
  • #75,534
  • Sep 24, 2010 2:33pm Sep 24, 2010 2:33pm
thanks guys.

its always good to come home to family.

jim

Quoting jdl
Wahoo!
  • #75,535
  • Sep 24, 2010 3:47pm Sep 24, 2010 3:47pm
e/u is approaching an interesting area.
near 50% fib, 61.8 fib expansion and brn 1.35.
watch out for price action in this area.
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meine augen sind die sterne
  • #75,536
  • Sep 24, 2010 3:53pm Sep 24, 2010 3:53pm
Quoting aserbfx
play this only with good mm.
pinbar on daily MAN.
weekly 50% fib.
fta 75 euro.
low was 75.51 euro. was good for +3%.
(closed the week with a big bullish bar. will go further north...)
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #75,537
  • Sep 24, 2010 4:05pm Sep 24, 2010 4:05pm
Quoting aserbfx
here is a breakout for mike.

aggressive entry: long now.
conservative entry: wait for a retrace to the resistance at about 72.50 usd and go long there.
meine augen sind wirklich die sterne
approaching the 80 usd. about +10%.
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meine augen sind die sterne
  • #75,538
  • Sep 24, 2010 5:34pm Sep 24, 2010 5:34pm
What do you guys think?

aggressive touch/or PA confirmation long entry off S/R 1.34 RN



James---Much Appreciated----- the lesson/charts


Bill
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  • #75,539
  • Sep 24, 2010 7:34pm Sep 24, 2010 7:34pm
Quoting james16
all of you will be seeing me more active.

simple pivot retrace entry off of BRN and solid support.
chart
Attached Image (click to enlarge)
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  • #75,540
  • Sep 24, 2010 7:45pm Sep 24, 2010 7:45pm
Quoting aserbfx
meine augen sind wirklich die sterne
approaching the 80 usd. about +10%.

Nice, nice trade.
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