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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

  • #76,801
  • Oct 7, 2010 1:17pm Oct 7, 2010 1:17pm
way to go chips. im damn proud of you.

jim

Quoting chips
I did one month at J16, and it change my demo trading skills. I develop and new level of confidence and reading charts, using FIBS and PA, S/R. all the tools you need to trade. You will loose some but the reward is greater.
I have blown several demo account, but my last one after J16 doubled in less that 1 month( I started with $10000). I do it aggressively just to prove the Strategies. My wife dont get it yet, she thinks is play.

like someone said. The more you prove you are winning the more you believe in yourself and the better you...
  • #76,802
  • Oct 7, 2010 1:22pm Oct 7, 2010 1:22pm
Quoting jdl
Thanks, Adilius. I always enjoy reading your posts, they help me a lot. I posted some more details in these posts:

http://www.forexfactory.com/showthre...43#post4078543
http://www.forexfactory.com/showthre...85#post4078785

Cheers.
Thanks Jdl, I understand your style better now. Is just I try as much as I could to keep it as simple as I could: entry on the break of a signal bar, stay with the same TF, not sure will it work, I really hope so... much less stressfull I think..
ok, thanks!
  • #76,803
  • Oct 7, 2010 1:23pm Oct 7, 2010 1:23pm
dude you just made me fall off my chair.

that was freakin great man.

i went and looked and i should have known you were an aussie.




Quoting menomoo
I give you one if you like wait for the hour close in about 10 min .And place a sell order on eu/usd. And put your stop loss just above todays high ... And see how you go )))

Risk reward ratio is pretty good fo alittle loss... No I dont answer in behalf of James 16 .. And no I dont think you even spent 5 percent of the time i spent to understan what the Bar patterns and PPZ is about .. If I am right please get back to me and prove me I am wrong ...

Nice day , happy trading ))

Regards V
  • #76,804
  • Oct 7, 2010 1:36pm Oct 7, 2010 1:36pm
bullish outside bar of the 1.5350 level pivot zone
caught this move up..
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  • #76,805
  • Oct 7, 2010 1:40pm Oct 7, 2010 1:40pm
Quoting nAVIN2007
bullish outside bar of the 1.5350 level pivot zone
caught this move up..
Hello Navin, my friend. Nice to see you here too
  • #76,806
  • Oct 7, 2010 1:45pm Oct 7, 2010 1:45pm
Quoting Adilius07
Hello Navin, my friend. Nice to see you here too
u too buddy..this is the best thread in ff, spend time here and learn the method..u will find it much rewarding

there are somethings in life which u cant put a price on..this is one of them!
  • #76,807
  • Oct 7, 2010 1:46pm Oct 7, 2010 1:46pm
E/U:

The 1.4 RN is located at the 50% level on the fib drawn from the 1.6 high to the 1.19 low!
  • #76,808
  • Oct 7, 2010 2:10pm Oct 7, 2010 2:10pm
Quoting james16
dude you just made me fall off my chair.

that was freakin great man.

i went and looked and i should have known you were an aussie.

Jim , I am serious now. Actually I was quite serious for this guy too , I just wanted him to see bit of a day light if you know what I mean .

My friend this is gonna be abit long so I wouldnt like to take people's time but I honestly want to write an email to your pvt email about your thread and teachings for the ones who really wanna know . And you can publish whatever you like afterwards.

You and your work gave me basically a new lease of life and I mean that literally and I will be ever thankfull for ressurrecting me

Thank you and thankyou times 10 to the power of 100000. If you know what I mean ...!!!!

And I mean every letter of what I wrote here... Dont forget to give me your email please. Mine is [email protected].

Thanks Mr Fox 1
  • #76,809
  • Oct 7, 2010 2:27pm Oct 7, 2010 2:27pm
Buy the break of the strong congestion

20 pips over the break

fast loss 100 pips

more: price forming an opposit pin

5th trade in loss in a row
Don't give up
  • #76,810
  • Oct 7, 2010 2:29pm Oct 7, 2010 2:29pm
Quoting geomink
Buy the break of the strong congestion

20 pips over the break

fast loss 100 pips

more: price forming an opposit pin

5th trade in loss in a row
Geo why did you just buy the break? Why not wait for price action like we talked about in here? If you just buy a pure break you could have had plenty of time to take profit or get to b/e too.

Just trying to ask these questions so you ask them. Did you see my posts on the aud/jpy?

Best
Mike
  • #76,811
  • Oct 7, 2010 2:31pm Oct 7, 2010 2:31pm
Fib the the Daily swing, S/R and you will see. Check location. There was a big run up then a pull back. It might retest the highs but look for a break to the low.( I learnt it all at J16)

Just applying what I learned from J16. if it closed today as is my demo will increase for sure.

No more hating to all the haters...

Thanks J16( seniors and new comers for all the questions)

1Std lot = $10/ pip ( maj)
J16 = priceless
  • #76,812
  • Oct 7, 2010 2:46pm Oct 7, 2010 2:46pm
Quoting mbqb11
Geo why did you just buy the break? Why not wait for price action like we talked about in here? If you just buy a pure break you could have had plenty of time to take profit or get to b/e too.

Just trying to ask these questions so you ask them. Did you see my posts on the aud/jpy?

Best
Mike
thanks Mike, really appreciate it
I stop my trading for now
see you next months
best
Don't give up
  • #76,813
  • Oct 7, 2010 2:55pm Oct 7, 2010 2:55pm
small pinbar on aud/usd h4.
massive uptrend.
close above 0.98.
can be good for a quick trade up to 0.99.
EDIT: bar didn't close within the previous bar, so it is not a valid pinbar by definition. use tight sl (below the low of the pb, if you take this)
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meine augen sind die sterne
  • #76,814
  • Oct 7, 2010 2:57pm Oct 7, 2010 2:57pm
Quoting mbqb11
Geo why did you just buy the break? Why not wait for price action like we talked about in here? If you just buy a pure break you could have had plenty of time to take profit or get to b/e too.

Just trying to ask these questions so you ask them. Did you see my posts on the aud/jpy?

Best
Mike
In this business it always pay to be extremely deviot minded and be aware of the traps this is why we need to wait for longer time period to show that break was a valid break. But if you were to look at small time frame and lets say 5 min chart you ll find you had plenty of time to make 30 or so pips or atleast break even ... Just be aware of the bull or bear traps and integrate this thought to your trading in whatever the time frame is ... Just my two cents Thanks ...

Is that right mike?
  • #76,815
  • Oct 7, 2010 3:01pm Oct 7, 2010 3:01pm
Quoting aserbfx
small pinbar on aud/usd h4.
massive uptrend.
close above 0.98.
can be good for a quick trade up to 0.99.
Hi there, do you think days close might give you a better pin ? And evaluate from there ? Just another two cents..? always bigger time frame from there have alook at tomorrows close for the weekly? We might be in for a pleasant suprise?

I think LET THE TRADE COME TO YOU , LIKE J16 SAYS , LET IT JUMP OUT AT YOU , AND GIVE YOU A COOL KOALA BEAR HUG ? )

jUST MY TWO CENTS ! thanks
  • #76,816
  • Oct 7, 2010 3:21pm Oct 7, 2010 3:21pm
I just love this stuff, I am making a list of all Pin Bars for all USD pairs.
It seems as if it's take profit weekend.

If they all close, try one and let it break first( confirm with PA of course)

We'll see what happens.

I learn this stuff form J16.

He mentioned " Riffle Shot" NOT Shot Gun

Thanks guys...I am enlightened
  • #76,817
  • Oct 7, 2010 3:55pm Oct 7, 2010 3:55pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
I don't often spot a true DBHLC on the daily. This occurs at a swing high and near the 61.8 Fib and the 365 EMA. The bear bar engulfs the previous 3 bars. The close looks weak though. I would like to see a stronger close, especially below BRN 85.00. Even better if it got back down to 84.80. Only 8 minutes left to the close. Some of the pin bars look better.
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  • #76,818
  • Oct 7, 2010 4:04pm Oct 7, 2010 4:04pm
Hey quys this is my first post in FF,

I read almost everything in this thread, (it took me over 6 weeks) and I want to thank you all for sharing your knowledge and experience, specially J16 and the V+ members! I appreciate a lot your work! You guys are really great!
  • #76,819
  • Oct 7, 2010 4:13pm Oct 7, 2010 4:13pm
"I don't often spot a true DBHLC on the daily. This occurs at a swing high and near the 61.8 Fib and the 365 EMA. The bear bar engulfs the previous 3 bars. The close looks weak though. I would like to see a stronger close, especially below BRN 85.00. Even better if it got back down to 84.80. Only 8 minutes left to the close. Some of the pin bars look better."

My feed is showing a BEOB from a swing high that closed below 85.500, I think its a downer.. BUT wait for your PA. Support flips to resistance.

I love this stuff..
  • #76,820
  • Oct 7, 2010 4:24pm Oct 7, 2010 4:24pm
Quoting menomoo
In this business it always pay to be extremely deviot minded and be aware of the traps this is why we need to wait for longer time period to show that break was a valid break. But if you were to look at small time frame and lets say 5 min chart you ll find you had plenty of time to make 30 or so pips or atleast break even ... Just be aware of the bull or bear traps and integrate this thought to your trading in whatever the time frame is ... Just my two cents Thanks ...

Is that right mike?
Yep I don't play pure breakouts (buy stop above consolidation) often. I do it when we have a specific set of conditions met. And even when I play those generally I am quick to take profit or move my stop up.

Best
Mike
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