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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

  • #77,321
  • Oct 13, 2010 7:06am Oct 13, 2010 7:06am
Quoting xmzhang
The 1H-PB on the E-C is moving quite nicely my way, yesterday we had a similar setup, price hit RNB @ 13400 for another break-attempt and quess what, it failed again as seen by a nice 1H-PB. Closed position for a 40 pip profit. This is a countertrend trade so I prefer to take full profit as soon as possible, I think price might take another shot at the 13400http://cdn.forexfactory.com/images/icons/icon10.gif
Did you enter on a lower tf PA after the break of the 1H pin bar as you did on GJ ?
  • #77,322
  • Oct 13, 2010 7:09am Oct 13, 2010 7:09am
you have a 1 hr PB on the pound yen?

u sure?

i dont have it on my charts
  • #77,323
  • Oct 13, 2010 7:12am Oct 13, 2010 7:12am
Quoting fascist
EURCAD pinbar bounce off support at 1.400 back into the uptrend.
Hey F

This is a very traffic pinbar at a swing high. We want to see a better swing low point and get this thing out of traffic. Not much to go on except a small bar at a swing high here.

Best
Mike
  • #77,324
  • Oct 13, 2010 7:13am Oct 13, 2010 7:13am
Trade i missed ...
Attached Image (click to enlarge)
Click to Enlarge Name: ecad134.jpg Size: 75 KB
Trade Smart
  • #77,325
  • Oct 13, 2010 7:18am Oct 13, 2010 7:18am
Hey Rooster34,

Quoting Rooster34

So I'm up to about page 60 on the public forum and I've decided to join the paid forum in 2 weeks. Just a quick question as I haven't ran into the answer anywhere else. Is there still a section on the paid forum for the Vegas tunnel method?
Yes there is, it has been further refined and is called 'Knife'.

Phil.
  • #77,326
  • Oct 13, 2010 7:20am Oct 13, 2010 7:20am
Quoting antgal23
you have a 1 hr PB on the pound yen?

u sure?

i dont have it on my charts
Take a GOOD look AGAIN at my posted G-J chart. The pricefeeds of different brokers are not always exactly the same due to the different time-zones.
Pipcrawler
  • #77,327
  • Oct 13, 2010 7:29am Oct 13, 2010 7:29am
Hi Pipcrawler

Yeah man its a pin on your chart, different feeds and zones. Thanks for pointing that out.

In future, dont use capitals to emphasize your point as my question was genuine. It shows a lack of respect.


Anthony
  • #77,328
  • Oct 13, 2010 7:29am Oct 13, 2010 7:29am
Hello Traders!

Look maybe someone could give me an advice? At current time I follow all SP500 stocks for weekly setups, also Dow30. I was able to set my platform in the way I could now go through both indexes within 2 hours or so. So I was thinking that I may as well widen my list to look for even more stocks over weekend - so to choose the best possible setup (always just 1). So...

Could anyone suggest which to add? Nasdaq 100, Russel 1000 or 2000 (and why), Maybe that AMEX Index components? I mean there are SO MANY stocks, of course SP and DOW would be most liquid - so the best, but what are the others? Are Nasdaq stocks ok for J16 method? What is the difference between Russel 1000 and 2000???

Any help would be greatly appreciated

Always yours,
Adilius07

  • #77,329
  • Oct 13, 2010 7:33am Oct 13, 2010 7:33am
Quoting billm
Did you enter on a lower tf PA after the break of the 1H pin bar as you did on GJ ?
I entered on the break of the 1H-PB. How I enter depends on price action around the break of the higher TF PA. There are several different situations:
1. price pulls back before breaking/validating or just slightly breaking the higher TF PA, then I like to look for any key levels to which price could pull back (RNB, PPZ's etc..). This is my favourite setup because it allows you to position yourself before the actual break, should the break not sustain you could still sneak away with a little profit.
2. price breaking the higher TF PA with some momentum, in that case the most you will get is a pullback to the breakaway point (ie. the high/low of the PA), usually I will get in right after the break.
Hope this clears some things up.

May the force be with you.
Pipcrawler
  • #77,330
  • Oct 13, 2010 7:45am Oct 13, 2010 7:45am
Quoting antgal23
Hi Pipcrawler

Yeah man its a pin on your chart, different feeds and zones. Thanks for pointing that out.

In future, dont use capitals to emphasize your point as my question was genuine. It shows a lack of respect.


Anthony
Whooh, nothing to do with respect, don't get me wrong I respect EVERYONE on this thread, don't forget that !
Pipcrawler
  • #77,331
  • Oct 13, 2010 8:12am Oct 13, 2010 8:12am
Quoting xmzhang
Just triggered a sell on the G-J, PB just closed below BRN @ 13000. Confluence via fib (not drawn) and 4H-TL. Entry on lower TF via a PA at pullback.
Nice !
  • #77,332
  • Oct 13, 2010 8:17am Oct 13, 2010 8:17am
Quoting Adilius07
Hello Traders!

Look maybe someone could give me an advice? At current time I follow all SP500 stocks for weekly setups, also Dow30. I was able to set my platform in the way I could now go through both indexes within 2 hours or so. So I was thinking that I may as well widen my list to look for even more stocks over weekend - so to choose the best possible setup (always just 1). So...

Could anyone suggest which to add? Nasdaq 100, Russel 1000 or 2000 (and why), Maybe that AMEX Index components? I mean there are SO MANY stocks, of course SP and...
Joel you there?
I believe . . .
  • #77,333
  • Oct 13, 2010 8:19am Oct 13, 2010 8:19am
Quoting ghous
Joel you there?
Hello Ghous! Oh Joel trades stocks? I will wait for him then, maybe he could give me a few ideas.
  • #77,334
  • Oct 13, 2010 8:57am Oct 13, 2010 8:57am
Just for the info. Look how that VFC stock I traded (PB long setup) keeps on going and going! J16 method is truely amazing for stocks.

http://cdn.forexfactory.com/attachme...1&d=1286978165
  • #77,335
  • Oct 13, 2010 9:08am Oct 13, 2010 9:08am
Quoting Adilius07
Just for the info. Look how that VFC stock I traded (PB long setup) keeps on going and going! J16 method is truely amazing for stocks.

http://cdn.forexfactory.com/attachme...1&d=1286978165
FTA should be 80. Anything above is a bonus
  • #77,336
  • Oct 13, 2010 9:10am Oct 13, 2010 9:10am
Quoting ertorque
FTA should be 80. Anything above is a bonus
Agree yes Well I exited @79.56.
And it went through 80 like there was nothing at it....
  • #77,337
  • Oct 13, 2010 9:15am Oct 13, 2010 9:15am
Quoting Adilius07
Agree yes Well I exited @79.56.
And it went through 80 like there was nothing at it....
Nice adi, much better size pin this time off that 70 mark. Nice job bud
  • #77,338
  • Oct 13, 2010 9:20am Oct 13, 2010 9:20am
Banked profits!
took its time though!
not willing to wait for 11150 ultimate target for this setup on Dow futures.

whats next? anyone?

Quoting vlazaf
Never say never but I am with jar on this....due to correlation with Nasdaq and s&p eminis which seem to be leading the dow futs.
I would love to be proven wrong though...

upto 11k anyone?
  • #77,339
  • Oct 13, 2010 9:28am Oct 13, 2010 9:28am
Quoting mbqb11
Nice adi, much better size pin this time off that 70 mark. Nice job bud
Thanks Mike. I want to enlarge my list of shares. Because 530 stocks (SP+Dow) is still not enough to choose "the best of the best"... now I am thinking what are the others to add, maybe Nasdaq stocks, I don't know. Could you suggest anything?
  • #77,340
  • Oct 13, 2010 9:35am Oct 13, 2010 9:35am
Quoting Adilius07
Thanks Mike. I want to enlarge my list of shares. Because 530 stocks (SP+Dow) is still not enough to choose "the best of the best"... now I am thinking what are the others to add, maybe Nasdaq stocks, I don't know. Could you suggest anything?
I don't check those markets except for fun. I would just say make sure you are trading more liquid stocks, Joel made a post about what he looks at I believe in here. Or some general rules for equities. Check his post history may have been 3-4 weeks back

Best
Mike
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