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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

  • #81,161
  • Nov 30, 2010 3:47am Nov 30, 2010 3:47am
Hello All,

Just wanted to ask the long time followers of this thread and trading method - has anyone ever started a thread to post their DEMO progress as per the very first post, that is Rule # 1 ??? (posted Rule # 1 below)

IF so, can you please point it out for me? Thanks, John


MINIMUM REQUIREMENTS / THIS IS A BUSINESS

WHATEVER / WHICHEVER WAY YOU DECIDE TO TRADE YOU MUST (AT A MINIMUM):

1. ON DAILY AND WEEKLY TIME-FRAMES, YOU ONLY DEMO-TRADE FOR THREE CONSECUTIVE PROFITABLE MONTHS IN A ROW. YOU DO NOT PROCEED TO STEP TWO UNTIL COMPLETED.
Canadian by birth Australian by choice
  • #81,162
  • Nov 30, 2010 3:47am Nov 30, 2010 3:47am
Quoting xmzhang
Yes I see, so looking at the posted chart of the E-C, the triangle would then complete the story of the BEOB-continuation setup.
I would put that more at a Weekly Two Bar Low, Resistance breakout type trade. The triangle or wedge you drawn is not symmetrical and a bit form fitted. Checkout Mike's posts on these pattern breakouts, he's got alot of them in here .. . good stuff.


http://www.forexfactory.com/showpost...ostcount=75956


http://www.forexfactory.com/showpost...ostcount=80364

http://www.forexfactory.com/showpost...ostcount=74355

etc . .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #81,163
  • Nov 30, 2010 3:48am Nov 30, 2010 3:48am
Quoting jarroo
Yes some good rejection on the 4 hour

I should just stay with the basics. . .
Things looking great on this setup so far
Is anyone short?
I had a sell stop placed which it triggered.
I'll post charts later in the evening (currently at work).
  • #81,164
  • Nov 30, 2010 3:56am Nov 30, 2010 3:56am
Quoting TheSnowman
Hello All,

Just wanted to ask the long time followers of this thread and trading method - has anyone ever started a thread to post their DEMO progress as per the very first post, that is Rule # 1 ??? (posted Rule # 1 below)

IF so, can you please point it out for me? Thanks, John


MINIMUM REQUIREMENTS / THIS IS A BUSINESS

WHATEVER / WHICHEVER WAY YOU DECIDE TO TRADE YOU MUST (AT A MINIMUM):

1. ON DAILY AND WEEKLY TIME-FRAMES, YOU ONLY DEMO-TRADE FOR THREE CONSECUTIVE PROFITABLE MONTHS IN A ROW. YOU DO NOT PROCEED TO STEP TWO UNTIL...
ME, in my signature
  • #81,165
  • Nov 30, 2010 4:10am Nov 30, 2010 4:10am
Quoting jarroo
I was looking to do a followup on this Daily BUOB on the Eur/Gbp but you expressed it perfectly, Danny. Price could not find Support at the .8500-8450 levels, to say the least.

Currently, Price looks to close below the .8450 on the Daily as BEOB continuation play. I would look for the .8450 to act as Resistance.

That worked out nice. A touch trade like this may go beyond the basic PA study of this thread, but I will say, many . . if not all of my touch trades are base on PA in one form or another.
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Indicators show the past. Price Action "Indicates" the future.
  • #81,166
  • Nov 30, 2010 4:17am Nov 30, 2010 4:17am
Quoting Adilius07
ME, in my signature
Ah ha, thanks! You need 2 links, it was the Forex I wanted might start my own thread in a few days
Canadian by birth Australian by choice
  • #81,167
  • Nov 30, 2010 4:19am Nov 30, 2010 4:19am
Quoting TheSnowman
Ah ha, thanks! You need 2 links, it was the Forex I wanted might start my own thread in a few days
Would be cool, it would be super cool if you announce your decision before going into trade and only then post the outcome. I will be your lifetime subscriber then, lol
  • #81,168
  • Nov 30, 2010 4:19am Nov 30, 2010 4:19am
Quoting Pinbar
GU monthly is looking interesting.

Let's see how it closes today.

A nice bullish or bearish PB tomorrow would be nice.
Quoting Pinbar
EU monthly is also looking interesting and depending on how it closes, may shape our trading for the next month.

Nice charts there Pb . .man . .you've come along way.

I like the Space of your bullish PB senario . .it could be a little bigger, its been a strong move down this month. You gotta like that 1.5500.
Indicators show the past. Price Action "Indicates" the future.
  • #81,169
  • Nov 30, 2010 4:21am Nov 30, 2010 4:21am
Quoting jarroo
That worked out nice. A touch trade like this may go beyond the basic PA study of this thread, but I will say, many . . if not all of my touch trades are base on PA in one form or another.
Hi jarroo,

if you zoom into the 4 hour TF, the chart shows how price was nicely rejected
  • #81,170
  • Nov 30, 2010 4:29am Nov 30, 2010 4:29am
Quoting lallous
Hi jarroo,

if you zoom into the 4 hour TF, the chart shows how price was nicely rejected
Yeah I see a bit of rejection there. I would prefer more of a Kaboom type rejection like a Rac-man trade. Probably due to the choppiness of the bar Lows.
Indicators show the past. Price Action "Indicates" the future.
  • #81,171
  • Nov 30, 2010 4:31am Nov 30, 2010 4:31am
Quoting jarroo
Yeah I see a bit of rejection there. I would prefer more of a Kaboom type rejection like a Rac-man trade. Probably due to the choppiness of the bar Lows.
Couldn't agree more.
Currently price seems to be stalling at 0.8381 zone.
It looks like a FTA to me?
  • #81,172
  • Nov 30, 2010 4:39am Nov 30, 2010 4:39am
hi, I like this. PB is not that nice, but trend is delicious, prognosis for USD great at the moment, very very nice support below entry level, and 1.00 as a round number...

@Thesnowman

You can see my performance here:
https://www.myfxbook.com/portfolio/i...e-trader/35885

not a strict J16 trading, plenty of my own imagination and bad temptations

all in all it's in green
  • #81,173
  • Nov 30, 2010 4:46am Nov 30, 2010 4:46am
Quoting jarroo
I would put that more at a Weekly Two Bar Low, Resistance breakout type trade. The triangle or wedge you drawn is not symmetrical and a bit form fitted. Checkout Mike's posts on these pattern breakouts, he's got alot of them in here .. . good stuff.


http://www.forexfactory.com/showpost...ostcount=75956


http://www.forexfactory.com/showpost...ostcount=80364

http://www.forexfactory.com/showpost...ostcount=74355

etc . .
Thanx J, especially that first post made me smile
Pipcrawler
  • #81,174
  • Nov 30, 2010 5:01am Nov 30, 2010 5:01am
Quoting xmzhang
Thanx J, especially that first post made me smile
I thought it would, that's why I posted it first. .
Indicators show the past. Price Action "Indicates" the future.
  • #81,175
  • Nov 30, 2010 5:11am Nov 30, 2010 5:11am
Quoting lallous
Couldn't agree more.
Currently price seems to be stalling at 0.8381 zone.
It looks like a FTA to me?

Looks like the Monthly PB hit another target.
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Indicators show the past. Price Action "Indicates" the future.
  • #81,176
  • Nov 30, 2010 5:28am Nov 30, 2010 5:28am
Quoting jarroo
Looks like the Monthly PB hit another target.
wow ! Nicely spotted
  • #81,177
  • Nov 30, 2010 6:17am Nov 30, 2010 6:17am
Hey guys,

most of you have probably spoted this one - 4hr EURAUD. There is PIN bar in developmenent. If it goes well we would have good one. But why I like it? great place, DIV, space. It doesnt need more comments. Although I would liek to have better shape of PIN (size) but with being carefull it could go.
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  • #81,178
  • Nov 30, 2010 6:38am Nov 30, 2010 6:38am
Quoting giotto
Hey guys,

most of you have probably spoted this one - 4hr EURAUD. There is PIN bar in developmenent. If it goes well we would have good one. But why I like it? great place, DIV, space. It doesnt need more comments. Although I would liek to have better shape of PIN (size) but with being carefull it could go.
on FXDD, it is a tiny pin (yet to be formed fully).. considering the massive downtrend, it would be a easy pass to me.
  • #81,179
  • Nov 30, 2010 6:46am Nov 30, 2010 6:46am
Quoting jarroo
Nice charts there Pb . .man . .you've come along way.

I like the Space of your bullish PB senario . .it could be a little bigger, its been a strong move down this month. You gotta like that 1.5500.

Thanks Jarroo.

A much, much longer way to go.

Kind of scary when I look back at some of my old posts, like, WTH
  • #81,180
  • Nov 30, 2010 7:13am Nov 30, 2010 7:13am
Quoting cprao
on FXDD, it is a tiny pin (yet to be formed fully).. considering the massive downtrend, it would be a easy pass to me.
Very small candle compared to recent down move.

Tiny bullish bar on Alpari
Small kinda PB on Fxpro

Pass for me also.
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