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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

  • #80,441
  • Nov 19, 2010 12:53pm Nov 19, 2010 12:53pm
For me, that Pin DID work. It reached first troubled area.
  • #80,442
  • Edited 1:35pm Nov 19, 2010 1:00pm | Edited 1:35pm
Quoting mookie9920
hey guys, awesome thread. i've read alot of it but still have alot to go. i was just wondering if i could get some feedback on why this pin didn't work? is it just not a pin and i'm not seeing or, or was it just a failed trade?


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It hit it's FTA (first trouble area) - but it wasn't at a swing low/high which would have been a pass for most.
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Anything can happen.
  • #80,443
  • Nov 19, 2010 1:52pm Nov 19, 2010 1:52pm
Quoting ppfx
+1 its like looking at rac's touch trades from the past ...very exciting stuff
thanks a lot ppfx, ur comment gives me wings .......
here is/was my last trade of the wk,stop at be .... can sleep easy now
have a peaceful weekend guys, cheers
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Simplicity is the key to success
  • #80,444
  • Nov 19, 2010 2:37pm Nov 19, 2010 2:37pm
Quoting squeezy
thanks a lot ppfx, ur comment gives me wings .......
here is/was my last trade of the wk,stop at be .... can sleep easy now
have a peaceful weekend guys, cheers
ur post give me wings, lol

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a great weekend to you too and to the others
  • #80,445
  • Nov 19, 2010 2:54pm Nov 19, 2010 2:54pm
Quoting mookie9920
hey guys, awesome thread. i've read alot of it but still have alot to go. i was just wondering if i could get some feedback on why this pin didn't work? is it just not a pin and i'm not seeing or, or was it just a failed trade?


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Hey mookie

Welcome to the thread glad to see you posting. Blaz has it correct below you.

This pinbar very much worked out but most will get tripped up on these but once you can start to see this you are so far ahead of the herd.

Notice this pinbar is near a swing high(what we would term a continuation). Now this isn't wrong to play but by itself we have to think we really have only a few things.

A pinbar, a close above a round number(very good), continuation near swing high of trend.

This means the immediate trouble area is going to be an area of interest, we are trading right back into 3 previous bar highs that proved to be the most recent selling. Notice exactly what price did.

Now the second part mgmt is what trips people up and your style and in my opinion the strength will dictate what to do at this area. But for now a chart speaks volumes.


Enjoy the weekend gang
Mike
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  • #80,446
  • Nov 19, 2010 3:03pm Nov 19, 2010 3:03pm
Hi
Took this trade, closed it early being Friday and Europe closed, UK was about to close , it just slowed down at 16.44hrs UK time just after a convincing buob formed on H4. anyway it was interesting for me to understand that it's not the best idea to enter a trade on a Friday after mid day (Please corrrect me if I got this wrong)

D1 BUOB, at 1.5723 Daily PPZ, Price retraced to previous bar high resistance and 1.5868 Daily PPz - 50.0% retrace.

entry was on H1 DBLHC.

Entry 1.5916
Sl 1.5710
TP 1.5983

I am pleased with my initial setup, solid wall/foundation ppz at 1.5723 behind the Daily buob,then a classic retrace and dblhc pa on h1

Then a nice buob formed on h4.

If you are trading Friday what is the last trade of the day using a h4 bar for it to carry any momentum, trade did make a few pips profit though.
Thanks
D
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  • #80,447
  • Nov 19, 2010 4:26pm Nov 19, 2010 4:26pm
Quoting geniusztc
hello,Pinba
great!!!!!!!!!!! great great .
your 365ema is so useful , it gives me so many helps on S&R. i just use it in the lower time frame today ,get so many pips .thank you very very much .i am so excited now ...
and do you use other ma on your chart ,can you share them to me ???
great man . great choice .

Have you read the first 100 pages of this thread?

That is not "my" EMA idea it is part of the J16 method.

The two EMAs used mainly are the 365 Exponential Set to Close, and the 150 EMA also set to close.
  • #80,448
  • Nov 19, 2010 4:44pm Nov 19, 2010 4:44pm
Thanks everyone for the response. Esp to mbqb11 you really helped to clear that up. Have a great weekend everyone, thanks again.
  • #80,449
  • Nov 19, 2010 5:02pm Nov 19, 2010 5:02pm
Hey all,

So I've been following this thrad and have read through roughly the first 80 threads of it and need to ask a few questions as it is very intreaging.

Before I go throwing money at a site such as the james16 group, I'm doing my research as everyon knows must be done before investing in anything.

First of all - I understand the return on investment could potentialy be great with this method (and I use the term Method as James16 does instead of System). BUT as someone who is starting off with it and I do agree if it works and the ROI is what James16 says it is, the amount for acess to the James16 group is practicaly free, the amount being charged - $129 a month is quite large for access to his site.

So before I go throwing the $129 his way, what I would like to know is

A) How many people are currently on his forum.
B) What is the Profit to loss ration / percentage like with this method?

With almost 1,000,000 posts in this 8500 page thread (which I must say is MOST impressive and probably THE largest thread I've ever seen in a forum - and I'm a member of many forums and run 2 of my own) this method must be a great one to use.

Cheers everyone.
  • #80,450
  • Nov 19, 2010 7:05pm Nov 19, 2010 7:05pm
Quoting g_j_hook@yah
wot TF is that bro??....1H?

jon
How did I miss this guy??

Hey g_j_, good to see you friend.
Indicators show the past. Price Action "Indicates" the future.
  • #80,451
  • Nov 19, 2010 7:08pm Nov 19, 2010 7:08pm
Quoting Pinbar
Just watched that video again.

He talks about flips but nowhere does he mention the area of the breakout and pullback on a single candle, like we have been doing.

Maybe, it is just my interpretation of what you showed us is somehow different. Doesn't matter, as long as I understand it.

Thanks Jarroo.

Sorry about that Pb . .wrong video. It was a different video James16 did on PPZs in the PF. I thought the guest video was excerptss from that one.

My mistake.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #80,452
  • Nov 19, 2010 7:13pm Nov 19, 2010 7:13pm
Quoting john225
Thanks. I read that S&P is difficult for new traders is the DowJones and NYSE so difficult like S&P too?
Any market is difficult for new traders . .lol.


I don't think one is more difficult than the other. I haven't traded either of them, but it would be interesting to take a longer look . . .got a chart ?
Indicators show the past. Price Action "Indicates" the future.
  • #80,453
  • Nov 19, 2010 7:23pm Nov 19, 2010 7:23pm
I have a question about PPZ.


As, we know, new PPZ are always being formed on one time frame or another by consolidation areas and we know past PPZ are still active today, right?

Ultimately, where will this lead?

I mean, theoretically, if past PPZ are still valid today, with new PPZ also forming at certain price areas. Will there not come a time in the future where price has absolutely nowhere to go and just moves sideways all day. LoL
  • #80,454
  • Nov 19, 2010 7:34pm Nov 19, 2010 7:34pm
Quoting Pinbar
I have a question about PPZ.


As, we know, new PPZ are always being formed on one time frame or another by consolidation areas and we know past PPZ are still active today, right?

Ultimately, where will this lead?

I mean, theoretically, if past PPZ are still valid today, with new PPZ also forming at certain price areas. Will there not come a time in the future where price has absolutely nowhere to go and just moves sideways all day. LoL

That's a good one Pb . . lol . . .and I have no answer for it . . . lolol
Indicators show the past. Price Action "Indicates" the future.
  • #80,455
  • Nov 19, 2010 7:43pm Nov 19, 2010 7:43pm
Quoting jarroo
That's a good one Pb . . lol . . .and I have no answer for it . . . lolol

Yeah, we'd better make some money now. LoL
  • #80,456
  • Nov 19, 2010 7:50pm Nov 19, 2010 7:50pm
Quoting Pinbar
Yeah, we'd better make some money now. LoL
Yeah . .lol

I'm sure Mike can give a better answer. .

But market conditions change, financial environments change, geopolitical changes occurr and new levels emerge. . .that's the best I can do.
Indicators show the past. Price Action "Indicates" the future.
  • #80,457
  • Nov 19, 2010 8:23pm Nov 19, 2010 8:23pm
Quoting bluetrader
Spook, that was a great entry you took there.

One thing that you've probably already heard from many of the seniors is sticking to the same timeframe you entered. Especially in the beginning when we are just trying to be consistent. Many times, going to lower timeframes just gives us more reasons to exit because of all the noise.

Keep at it bud.

-- Danny
Thanks Danny. I will take your advise. I need to be consistant and keep it easy as possible. Reason why I tried to drop down to a lower TF was to get a better R:R. I hate to risk 100+ pips for a possible 40.
  • #80,458
  • Nov 19, 2010 8:51pm Nov 19, 2010 8:51pm
I'll try to post a couple of where is price going...daily chart
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  • #80,459
  • Nov 19, 2010 9:15pm Nov 19, 2010 9:15pm
another daily chart - where is price going?
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  • #80,460
  • Nov 19, 2010 9:27pm Nov 19, 2010 9:27pm
Quoting Donkey
another daily chart - where is price going?
Nice ones!
I believe . . .
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