james16 Chart Thread | Page 3832 | 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

  • #76,621
  • Oct 6, 2010 8:44am Oct 6, 2010 8:44am
Quoting bee24
I had two consecutive positive months, Oct and Nov 09, then December was not profitable. I started again in Jan 10, had 3 consecutive positive months. Then I went live, made 1,7k€ in 2 weeks, only to blow my account 2 weeks later due to overtrading.

So yes, it's demo time again.
Bee this worries me greatly b/c with proper MM it should take a TON of trades and bad ones in a row. Please message me if you need info on how to properly use MM. You may already and emotions took over but I have to jump in cause I worry greatly about that

Best
Mike
  • #76,622
  • Oct 6, 2010 9:05am Oct 6, 2010 9:05am
i know we are in swing high,but this one look pretty good, what do u say?
Attached Image (click to enlarge)
Click to Enlarge Name: ed.gif Size: 20 KB
Wellcome to the good life!
  • #76,623
  • Oct 6, 2010 9:34am Oct 6, 2010 9:34am
Quoting Pinbar
The point of my question was, what do you guys think of the levels it creates, not really its value.
....
i think the lines/levels created were ok.

but imho there were too many lines (no line 'conciseness').
for instance, on your first chart (weekly chart)..
counting from the bottom up, towards 1.0056.. there were 8 lines (2 solid & 6 dotted lines). i would probably have 3-5 lines there instead.
also, to avoid visual clutter, not all my lines will encompass the whole chart (which is what the indicator does).
  • #76,624
  • Oct 6, 2010 9:52am Oct 6, 2010 9:52am
Hi everybody

I ve been watching the charts quite alot lately and I have noticed that there is alot of price movement in the last hour.

Why is this?

Thanks

Anthony
  • #76,625
  • Oct 6, 2010 10:47am Oct 6, 2010 10:47am
It varies case by case but 1.3275 would be good.

Scott

Quoting melvin87
Hey Scott, how many pips below 1.33 would you consider as a solid close?
  • #76,626
  • Oct 6, 2010 11:00am Oct 6, 2010 11:00am
Quoting antgal23
Hi everybody

I ve been watching the charts quite alot lately and I have noticed that there is alot of price movement in the last hour.

Why is this?

Thanks

Anthony
Something must be going on...
  • #76,627
  • Oct 6, 2010 11:16am Oct 6, 2010 11:16am
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Yesterday's bearish pin bar has played out well. It had a nice long wick and small body at the end of the bar. It occurred at a minor retracement of a major downtrend. The wick broke through 1.6400 and 1.6500 (BRN) but could not hold it.

FTA was set at 1.6229, which is a major PPZ from March and April 2010. Before the pin bar broke, price went up to previous bar highs at 1.6400. On the 1H chart you could see it stall out there and you could get in early when it headed back down.

Half profit at +80 pips, and stop loss move to BE +30. Waiting to see what it does at the FTA. J16 price action is truly amazing.
Attached Image (click to enlarge)
Click to Enlarge Name: 10_05_gbpaud.jpg Size: 47 KB
  • #76,628
  • Oct 6, 2010 11:22am Oct 6, 2010 11:22am
Quoting xmzhang
Hey Pack did you took the pullback to RNB @ 16400 ? On the 1H-TF we did get a PA via a DBHLC (not a perfect one the highs were 4 pips off) to go short. If you took the pullback you must have banked about 100 pips by nowhttp://cdn.forexfactory.com/images/icons/icon10.gifhttp://cdn.forexfactory.com/images/icons/pound.gifhttp://cdn.forexfactory.com/images/icons/pound.gifhttp://cdn.forexfactory.com/images/icons/pound.gif

May the force be with you
Sure did!
"Fail to prepare, prepare to fail."
  • #76,629
  • Oct 6, 2010 11:28am Oct 6, 2010 11:28am
Looks like a strong BUOB here with close above 82 . FTAs in orange.
What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 13 KB
  • #76,630
  • Oct 6, 2010 11:54am Oct 6, 2010 11:54am
Quoting mbqb11
Please message me if you need info on how to properly use MM.

Best
Mike
Yes i need information about MM if you could help me it would be nice ;-)
  • #76,631
  • Oct 6, 2010 12:00pm Oct 6, 2010 12:00pm
Quoting john225
Yes i need information about MM if you could help me it would be nice ;-)
http://www.forexfactory.com/showthre...light=beginner

specifically posts 18-33

This should become the easiest aspect of your trading

Best
Mike
  • #76,632
  • Oct 6, 2010 12:15pm Oct 6, 2010 12:15pm
Quoting mbqb11
http://www.forexfactory.com/showthre...light=beginner

specifically posts 18-33

This should become the easiest aspect of your trading

Best
Mike
Ok thanks mike again many stuff to read but i think it will pay of :-)
  • #76,633
  • Oct 6, 2010 12:38pm Oct 6, 2010 12:38pm
great. a picture is worth a thousand words.

jim

Quoting jarroo
Aud/Usd 4 Hour PB, FxPro & IBFX feeds.


Bing . .Bang . . .Boom . .
  • #76,634
  • Oct 6, 2010 12:43pm Oct 6, 2010 12:43pm
some of you leave me in the dust on a regular basis.




Quoting packhorse
Sure did!
  • #76,635
  • Oct 6, 2010 1:00pm Oct 6, 2010 1:00pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Here are results for my first three months of demo trading J16 price action, results that are pleasantly different than my "one step forward, two steps back" trading history.
July +4%
Aug +7%
Sept +3%

Full stats can be viewed here:
http://www.myfxbook.com/members/jdl_acct1/acct1/43276
(Note: a trade with two exits counts as two trades and a breakeven trade counts as a win)

Every trade was off of daily charts. I traded pin bars, outside bars, one inside bar, and some breakouts from BRNs. I did not trade any IPBs or DBLHC/DBHLC bars. I stuck to 2% max risk except for a couple stupid miscalculations for cross pairs.

I think J16 wisdom + kind senior advice + MM + lots of beginner's luck = a promising start!

Many thanks to all of you for the assistance and insight you provide every single day.
  • #76,636
  • Oct 6, 2010 1:07pm Oct 6, 2010 1:07pm
Quoting jdl
Here are results for my first three months of demo trading J16 price action, results that are pleasantly different than my "one step forward, two steps back" trading history.
July...

Way to go JD!
  • #76,637
  • Oct 6, 2010 1:15pm Oct 6, 2010 1:15pm
Great results .
  • #76,638
  • Oct 6, 2010 1:29pm Oct 6, 2010 1:29pm
I had been reading the thread for a long while and still bilding up on the knowledge base. if some one could display the daily Emini and elobrate on the PA between 25 august and 31 august , 3 bars low day apart were the same low , will be appreciated thanks.
  • #76,639
  • Oct 6, 2010 1:57pm Oct 6, 2010 1:57pm
Quoting jdl
Here are results for my first three months of demo trading J16 price action, results that are pleasantly different than my "one step forward, two steps back" trading history.
July...
Nice

The results are H4 and D1 charts right?
  • #76,640
  • Oct 6, 2010 2:13pm Oct 6, 2010 2:13pm
Hi everyone

Entered this today. Stop at BE. I'm wondering whether to take profit or hang on to it and see what happens when the aussie news hits tonight - whats the j16 take on this. Interested to hear anyones thoughts and what experienced traders normally do in this situation when big news is coming.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: f1.jpg Size: 73 KB
41 traders viewing now