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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

  • #81,541
  • Dec 3, 2010 9:39am Dec 3, 2010 9:39am
Whoops; here's the chart.
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  • #81,542
  • Dec 3, 2010 9:42am Dec 3, 2010 9:42am
On the 5m geppy we got a nice BEOB off the daily PPZ and with a close under 131, see first picture. A couple hours later the size of the BEOB changed due to the NFP, see second picture
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  • #81,543
  • Dec 3, 2010 10:07am Dec 3, 2010 10:07am
Quoting Pinbar
There is NOTHING you can do on a live account that you can not do on a demo account. That is, apart from lose all your money.

Perhaps you should read the first posts by J16 and save your money until you are sure you can make it grow.


I know there are people who say that, you need to trade with real money to get a feel for the market, it is rubbish and probably started by brokers to fleece more people.
Thanks for your comment pinbar. Perhaps I do need to start demo again, and more importantly need to read the first few hundred pages again.
Trading is a test match not a Twenty20.
  • #81,544
  • Dec 3, 2010 10:13am Dec 3, 2010 10:13am
a double-high-lower-close bar, i would be careful to trade.
ok, it is with the main trend, but close to the 1.30 rn and right at the 100% FE.
if you take, bring sl to be as soon asap
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meine augen sind die sterne
  • #81,545
  • Dec 3, 2010 10:34am Dec 3, 2010 10:34am
Quoting Oldice
Whoops; here's the chart.
hmm...I don't think I see a BEOB there

g.
I believe . . .
  • #81,546
  • Dec 3, 2010 10:35am Dec 3, 2010 10:35am
Quoting TheSnowman
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
Thnx a lot for the effort bud.

Welcome to the group.

g.
I believe . . .
  • #81,547
  • Dec 3, 2010 10:36am Dec 3, 2010 10:36am
Hi Mike, James, Jaroo and all just thought I'd pop in and say hi. Hope all are doing well
  • #81,548
  • Dec 3, 2010 10:37am Dec 3, 2010 10:37am
Quoting fxprocessor
Hi Mike, James, Jaroo and all just thought I'd pop in and say hi. Hope all are doing well
Nick what's up brotha
  • #81,549
  • Dec 3, 2010 11:07am Dec 3, 2010 11:07am
Hi everybody

There was an ea called the james16 EA I believe which was posted on here a few months back. Does anybody have a link to it as a search just brings up hundreds of pages of noise.

Thx in advance

Simon
  • #81,550
  • Dec 3, 2010 11:23am Dec 3, 2010 11:23am
nzd/usd has arrived at a big resistance area:
multiple fib, resistance (check weekly), trendline...
something to watch next week...
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meine augen sind die sterne
  • #81,551
  • Dec 3, 2010 12:18pm Dec 3, 2010 12:18pm
Quoting simondav
Hi everybody

There was an ea called the james16 EA I believe which was posted on here a few months back. Does anybody have a link to it as a search just brings up hundreds of pages of noise.

Thx in advance

Simon
Hey Simon

Are you referring to the management EA? I believe it is this

http://www.forexfactory.com/attachme...2010%2012:37pm

If you click the little paper clip icon next to the name of the thread on the commercial main page. Then click hide images you can see all the indicators/EAs and what not. I grabbed it from there

Best
Mike
  • #81,552
  • Dec 3, 2010 12:22pm Dec 3, 2010 12:22pm
Quoting Oldice
Hey gang,

Just thought I'd update folks on this trade....
Hey Dave

THis one isn't a BEOB since it doesn't have a higher high then the previous bar but it could be looked at as a 2day pinbar(combine the 2 bars taking the open from the first and close from second and use the highest point as your high, lowerst point as your low). So it was at a nice swing point, room to run and some good fib confluence. I think you played it very well coming off the recent strength.

  • #81,553
  • Dec 3, 2010 12:25pm Dec 3, 2010 12:25pm
If only it closed as is...
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  • #81,554
  • Dec 3, 2010 12:43pm Dec 3, 2010 12:43pm
I hope with you that the prise close like it is
  • #81,555
  • Dec 3, 2010 12:52pm Dec 3, 2010 12:52pm
Quoting ghous
hmm...I don't think I see a BEOB there

g.
You are of course correct; I meant to say a two-day pinbar!

--Dave
  • #81,556
  • Dec 3, 2010 12:54pm Dec 3, 2010 12:54pm
Quoting mbqb11
Hey Dave

THis one isn't a BEOB since it doesn't have a higher high then the previous bar but it could be looked at as a 2day pinbar(combine the 2 bars taking the open from the first and close from second and use the highest point as your high, lowerst point as your low). So it was at a nice swing point, room to run and some good fib confluence. I think you played it very well coming off the recent strength.

Thanks, Mike. I appreciate the feedback! I did mean to say 2-day pinbar; that's how I was looking at it.

--Dave
  • #81,557
  • Dec 3, 2010 12:57pm Dec 3, 2010 12:57pm
Quoting kayhan7070
going to take this
no more momentum,cut out -0.12R
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  • #81,558
  • Dec 3, 2010 1:06pm Dec 3, 2010 1:06pm
Quoting Adilius07
If only it closed as is...
Hey Adilius

The only thing that worries me about this setup is the monthly beob. The size of weekly pin is pretty good but i would rather wait for retracement and enter with tighter stop.
  • #81,559
  • Dec 3, 2010 1:14pm Dec 3, 2010 1:14pm
Quoting Greenhaze
Hey Adilius

The only thing that worries me about this setup is the monthly beob. The size of weekly pin is pretty good but i would rather wait for retracement and enter with tighter stop.
Hello Green, yes I saw it too, and I have a rule not to fade HTF BEOB, PB but only if it triggered. That one was not triggered, so it is not a "valid" BEOB yet, for me.

Of course would've been better not to have that beob at all...
  • #81,560
  • Dec 3, 2010 1:32pm Dec 3, 2010 1:32pm
Quoting Adilius07
Hello Green, yes I saw it too, and I have a rule not to fade HTF BEOB, PB but only if it triggered. That one was not triggered, so it is not a "valid" BEOB yet, for me.

Of course would've been better not to have that beob at all...
I am also looking at this PB but the Monthly BEOB is not really good sign here.

It is not triggerred yet.. but it is still valid since the high is not broken yet.

As Jarroo points , Most of the time, BUOB/BEOB retraces (either before break or after break) to the previous high/low or obvious PPZ before going in the direction of BEOB/BUOB.

So I am not sure, how this PB has to be treated.

May be, trade this only weekly time frame ( if PB is "A" setup) without considering monthly BEOB.. I guess this is what Mike generaly does.. he only the considers the TF where a A+ PA is formed.

Jarroo and Mike - Any thoughts ?
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