james16 Chart Thread | Page 4076 | 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

  • #81,501
  • Dec 2, 2010 11:41pm Dec 2, 2010 11:41pm
Quoting spookie94
From the posts you've been putting up I think your far ahead of most. Maybe we fall in the same boat. Spotting a good trade is getting easier. Its when we pull the trigger the real touble starts

Thanks for the kind words Spookie, but that is not really so, I feel.
Still thrashing around here, big time.
Got a lot on my plate recently and it is affecting my concentration.



Still, we won't let that deter us.
  • #81,502
  • Dec 2, 2010 11:43pm Dec 2, 2010 11:43pm
I'm on day 2 of demo trading (yay, negative already!).

I had a question on moving stops to break-even, and taking some profits...

If I can only trade 1-2 hrs a day, should I place multiple orders to get an automated effect?

ex.
Current: 1.0080 and first price target: 1.0200
order 1 = Buy Stop: 1.0100 + SL: 1.0050 (N units)
order 2 = Sell Limit: 1.0200 (N units)
order 3 = Buy Stop: 1.0200 + SL: 1.0100 (N/2 units)

Also, would I need to overlap the levels a few pips to account for spread or delayed execution/slippage?
  • #81,503
  • Dec 2, 2010 11:44pm Dec 2, 2010 11:44pm
Quoting Atc
Was watching that and liked this also...I'm just screwing off demoing the 1H sideways trading channels...practice...practice ...practicing for game day....if I get positive results.
Hey Bill.

If that was just a bit bigger and/or at the 1.3425, which was a previous Daily Support level, 61.80 fib, 150 ema, . . I would have been all over it.

It had a nice hard break . .if I were to take it . .it better break like this or I'm out. I find its better to wait for my location . . .which I'm sure you agree.
Attached Image (click to enlarge)
Click to Enlarge Name: eurocad03.jpg Size: 117 KB
Indicators show the past. Price Action "Indicates" the future.
  • #81,504
  • Dec 2, 2010 11:48pm Dec 2, 2010 11:48pm
Quoting Pinbar
Agreed, XMZ took to the J16 method like a duck to water and is a Great example for us newbies to follow.

Yes, SC. I think he has great clarity in how he analyzes setups, and he is consistent with it, and this is probably due to his analytical skills as an engineer.

I hope XMZ will post a little about the routine, he goes through in every trade, I mean the order he does things.

Personally, I feel I am failing a little in this area, and my mind can often be all over the place in analyzing a setup.
Got to make it more mechanical and less...

Agree with Pinbar, XMZ has very good charts. I find them very well analyzed with all the markings and easier to understand. I am also looking forward to hearing more about XMZ's step by step routine. Personally due to my work, I can not go below daily charts but I can definitely learn a lot from his thought process.

cheers
  • #81,505
  • Dec 2, 2010 11:51pm Dec 2, 2010 11:51pm
Quoting jarroo
Hey Bill.

If that was just a bit bigger and/or at the 1.3425, which was a previous Daily Support level, 61.80 fib, 150 ema, . . I would have been all over it.

It had a nice hard break . .if I were to take it . .it better break like this or I'm out. I find its better to wait for my location . . .which I'm sure you agree.
I thought I missed this bar, and just was about to go looking through my charts to kick myself
  • #81,506
  • Dec 2, 2010 11:53pm Dec 2, 2010 11:53pm
Quoting mbqb11
I thought I missed this bar, and just was about to go looking through my charts to kick myself
I made sure I showed the dots . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #81,507
  • Dec 3, 2010 12:00am Dec 3, 2010 12:00am
Quoting jarroo
I made sure I showed the dots . . lol
my friday brain is in full mush effect.
  • #81,508
  • Dec 3, 2010 12:06am Dec 3, 2010 12:06am
Quoting mbqb11
my friday brain is in full mush effect.
Im sure your looking forward to the Christmas holidays, Mike. You've been on fire with both this thread and the PF all year(s) long . .non-stop. . . you're a freaking machine.

I don't know what both places would be without you. Your'e the Man of the Year.
Indicators show the past. Price Action "Indicates" the future.
  • #81,509
  • Dec 3, 2010 12:35am Dec 3, 2010 12:35am
Quoting aserbfx
hmm, this can be interesting...
currently at +70 pips. will take 1/2 of profit and move stop to BE + 5 pips.
meine augen sind die sterne
  • #81,510
  • Dec 3, 2010 1:07am Dec 3, 2010 1:07am
Quoting spookie94
AM I THE ONLY ONE WHO PLAYED THIS WRONG?

I entered on the break of the BOUB, plus buffer and spread. Was there a better entry? Was my stop close?
Quoting ghous
Nothing wrong with the entry for sure,
g.
Quoting ghous
I'd recommend staying on the same time frame to manage trades just to keep things simple.

g.
Quoting Atc
Most importantly this is just my opinion

First the day is not done.

Bill


Hey Spookie.

Ghous and Atc summed it up nicely. The only thing I can add or emphasizes is that the setup would be "A" quality if it had more Space, like the Daily BUOB Nzd/Usd ( I know its not technically a BEOB because of its low is not lower than the previous bar's low by a few pips. .so call it a 2 Day PB).

It does have a good chance of hitting its target, much like the Daily BUOB on the Aud/Usd which is a similar setup but had a hard break which I like to see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdjpy03.jpg Size: 113 KB
Click to Enlarge Name: nzdusd03.jpg Size: 104 KB
Click to Enlarge Name: aud03.jpg Size: 110 KB
Indicators show the past. Price Action "Indicates" the future.
  • #81,511
  • Dec 3, 2010 1:25am Dec 3, 2010 1:25am
Quoting ghous
Bingo! Now that's one rocking trade, demo or not. That 'clunk" sound of hitting the nail on the head is adorable each time you hear it no?

g.

I believe that the correct sound is . . .KaBooM!! . . . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #81,512
  • Dec 3, 2010 1:35am Dec 3, 2010 1:35am
Quote
As I told before my style is that I never trade a clear break of the higher TF PA
Bonjour Xmzhang,

Regarding your statement above, do you mean that you NEVER take a trade on lower TF if a break of higher TF PA is occured ?

Thanks for your attention,

Cheers,

Angel
  • #81,513
  • Dec 3, 2010 2:07am Dec 3, 2010 2:07am
Quoting ghous
yup, that would be the flip side of the coin I failed to address.

Nothing wrong of course if you have a proven method where you consistently go in with tight stops and it works for your trade management strategies and mindset. Hell that's what Jarroo does day in day out.

Spookie mentioned he tightened the stop on that very trade primarily to improve his position size which got me going,

Thnx for clarifying Mike.

g.

That's the key point g . . consistency with the same trade management with the same setup you choose that fits your style. There are different setups that I choose that require different trade management styles. I don't change them in mid stream or when they are in play. If they meet my criteria, I stick to the trade management that fits that setup.

Now there are some setups that can be played in multiple ways like the A+ setup . .many ways to skin that cat. But the consistancy of how you manage a trade for a given setup can keep the second guessing at bay.
Indicators show the past. Price Action "Indicates" the future.
  • #81,514
  • Dec 3, 2010 2:33am Dec 3, 2010 2:33am
Quoting 666Doom
Yeah sometimes it is hard to catch up in this thread.
And i am talking about myself here.
lol
It was a small tiny breakout trade but i leveraged it, got 4 mini lots.
Would have easliy made a lot in one trade.
But still was a winner.
Sorry for late response sir.
There is nothing so damn good in my thread i learnt from masters what should be the outcome.

A good human being and a better trader.
I think its pretty damn good Taz . .
Indicators show the past. Price Action "Indicates" the future.
  • #81,515
  • Dec 3, 2010 3:55am Dec 3, 2010 3:55am
Quoting jarroo
I believe that the correct sound is . . .KaBooM!! . . . .lol
hahaha!!
I believe . . .
  • #81,516
  • Dec 3, 2010 4:02am Dec 3, 2010 4:02am
Am so happy to be directed to this thread. Then, I almost fainted when I saw there are more than 5,400 pages of posts! How to go thru them???

Luckily, James has been so empathetic to distill & condense the materials in his post #1.

Thank you so much James. Thx to all the rest of contributors as well.

Happy trdg!
  • #81,517
  • Dec 3, 2010 5:57am Dec 3, 2010 5:57am
This one is for Jarroo (although all thoughts are of course welcome):

Jarroo, I notice that when you draw PPZ lines you tend to do so based on the open/close of candles, as opposed to the high/low of bars. Do I have that right? If so, can you say a bit more about the importance of the open/close in determining PPZ location, and why you prefer that to the bar extremes?

Thanks, and if I've misunderstood your style, please do correct me!

--Dave
  • #81,518
  • Dec 3, 2010 6:10am Dec 3, 2010 6:10am
Quoting CollectPIPS
Am so happy to be directed to this thread. Then, I almost fainted when I saw there are more than 5,400 pages of posts! How to go thru them???

Luckily, James has been so empathetic to distill & condense the materials in his post #1.

Thank you so much James. Thx to all the rest of contributors as well.

Happy trdg!
Set your options to 40 (or is it 50?) posts per page and reduce it to the 2,000+ something pages that I see

It would be great if the regular posters had a signature link to a post that describes the basics of james16 method or someone could re-post it every page or 10

here is a little something I have been working on
Attached Image (click to enlarge)
Click to Enlarge Name: james16 abb.jpg Size: 218 KB
Canadian by birth Australian by choice
  • #81,519
  • Dec 3, 2010 6:27am Dec 3, 2010 6:27am
Doesn´t looks good for me :-(
Anyone with me?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 48 KB
  • #81,520
  • Dec 3, 2010 6:29am Dec 3, 2010 6:29am
Quoting jarroo
The one on the Daily? The size of that one is not that bad, but the location is a poodle . .better to have that at swing low.

As a continuation bullish PB, it was running into a good looking PPZ level at the 1.0070ish not to mention the previous bar Highs. Price did make it to that level/ zone off that PB. A tough trade unless you played a retracement off the 1.0000 (chart 1)

Price broke through the 1.0000 that was acting as Support. Fib retracement levels are lining up with these previous Support level which I will look for them to turn...
Hey Jarroo,
I have a question in my mind.
Now in Racmans post he once said that if a Monthly S/R or PPZ is confluent with the s/R or PPZ from smaller TF also and we have got confluence there also.
Then that place is great altogether to go long or short.
Buit wont it be the same thing to be said.
A high so greatly visible on Monthly was obviously prominent in weekly.
and highs so greatly prominent in daily was greatly prominent in weekly.
So how did those High Lows got enhanced if they come together,that is by nature isn't it.
Regards
Taz
83 traders viewing now