james16 Chart Thread | Page 4474 | 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

  • #89,461
  • Feb 18, 2011 1:36pm Feb 18, 2011 1:36pm
Quoting mbqb11
Here is how we looked at it. I pulled my order before it triggered b/c of time of day but many stuck around for the move.

Price found support on the 1.35, Formed a bullish flag. BUOB showing tip off to break out of channel

News smooze, PA rules

Nice Mike, I got a small position left in, will stay until Sunday Sl at BE +, I took out at each FTA....I so agree with you PA rocks!!! . what i found interesting is that PA told me the news even before I read it....PA is a leading indicator LOL.

Pat
  • #89,462
  • Feb 18, 2011 1:37pm Feb 18, 2011 1:37pm
this has been the strangest daily I4B I have seen so far. Price hardly broke north, shot way down to within only a few pips of a south break, then back up again, and a lot of chop, where price didn't exactly find clear support on the I4B high (as it usually does in these i4b scenarios)


To me, if you include the 365 EMA, this is about as textbook as you can get from the big guy's perspective. VBRN+old resistance changed to new support+365 EMA+I4B price action....

And if anyone is wondering, Yes I took a -1R loss on this one. this set up completely did not act as these types of setups do.
Attached Image (click to enlarge)
Click to Enlarge Name: i4bactingfool.gif Size: 18 KB
Many choose unhappiness over uncertainty.
  • #89,463
  • Edited 1:56pm Feb 18, 2011 1:44pm | Edited 1:56pm
Quoting Be Cool
Sorry for the late reply. Been out of town for a few days. I apologize if I don't always keep up with current posts. My day job is as a travelling salesman, and when i am home got to assist my wife with her small business or care for our 3 mo baby girl. So my trading time is very limited. Its either early at dawn or very late at night.

Thank you for the pointers, Jim Stop management sure can make the difference between profit and BE/loss -even on A+ setups -lesson learned

Now if i can just tell the difference between A+ setups and the B...
That's Cool, Be Cool.

Genius? I don't know about that . . .lol. James and Mike stress alot about using simplicity and common sense. Yes, I know . .working on simiplicity and common sense can be a full time job . .well in my case, that is . .lol

Get that baby girl some James16 coloring books early, my friend ..

"Daddy, this candle broke out of the purple polka dot box and now made a pinocchio . . ."


Indicators show the past. Price Action "Indicates" the future.
  • #89,464
  • Feb 18, 2011 1:52pm Feb 18, 2011 1:52pm
Quoting mbqb11
Hey Jim

To broad for me and I would want another touch in there(say right in the middle where all that space is). It's not really wrong, it just doesn't fit into the patterns I like. Euro was much more smooth and obvious in my eyes

Have a great weekend bud
Mike

Thanks Mike.
Indicators show the past. Price Action "Indicates" the future.
  • #89,465
  • Feb 18, 2011 2:07pm Feb 18, 2011 2:07pm
Quoting Dan Gilbert
this has been the strangest daily I4B I have seen so far.
What is an I4B?
  • #89,466
  • Feb 18, 2011 2:07pm Feb 18, 2011 2:07pm
Quoting jarroo
Get that baby girl some James16 coloring books early, my friend ..

"Daddy, this candle broke out of the purple polka dot box and now made a pinocchio . . ."


LOL

I think I need some of those coloring books too....and a bottle ...it's the weekend all....have a great one...and cheers to the best thread and people going.

Thanks to all who post.

Bill
  • #89,467
  • Feb 18, 2011 2:10pm Feb 18, 2011 2:10pm
Quoting john225
What is an I4B?
Greetings, 'inside 4 bar'

Pat
  • #89,468
  • Feb 18, 2011 2:10pm Feb 18, 2011 2:10pm
Quoting Donkey
These aren't best bars, but I think they qualify....maybe we'll see another one soon.
It almost got there D.


The weekly BEOB (that's developing) looks interesting. Like to see a strong close below the previous bar..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gchf18d.jpg Size: 121 KB
Click to Enlarge Name: gchf18dww.jpg Size: 99 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,469
  • Feb 18, 2011 2:11pm Feb 18, 2011 2:11pm
Quoting Atc
First time back to parity in a few days ....lookin for 20 pips(1st target/or all) and depending on price action will late half ride to next target with stop to BE
Took my measely 20 pips and closed out the full lot since it was late in the day ....beggars can't be greedy.....but 260 pips to you Greenhaze...congrats.
  • #89,470
  • Feb 18, 2011 2:12pm Feb 18, 2011 2:12pm
Quoting Atc
LOL

I think I need some of those coloring books too....and a bottle ...it's the weekend all....have a great one...and cheers to the best thread and people going.

Thanks to all who post.

Bill

lol I know what you mean, Bill

Good one. lol
Indicators show the past. Price Action "Indicates" the future.
  • #89,471
  • Feb 18, 2011 2:17pm Feb 18, 2011 2:17pm
Quoting john225
What is an I4B?

Here you go, John.
Attached Image (click to enlarge)
Click to Enlarge Name: i4bexplained.jpg Size: 36 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,472
  • Feb 18, 2011 2:32pm Feb 18, 2011 2:32pm
Quoting jarroo
It almost got there D.


The weekly BEOB (that's developing) looks interesting. Like to see a strong close below the previous bar..
Simple question if you can answer please..

Last few days , I spotted few IB s in a few pairs like GBP,EURO,CHF / USD and some of these were lets say under or above the daily open line (6 am LOndon) and broke the reverse way and remembering crowns rule take the break going up if the price was above open line or vice versa...

So I gave them away , didnt take the trade but onething I noticed they were all on the swing highs or lows and all in the hourly charts and they all moved some 200 pips or so ...

Question is , did I do the right thing or am I missing something here ? I noticed if I looked at the PA in 15 min time frame when 1 hourly bar formed I would have taken the trades but i remember Crowns dont look anything under 1 hour...

So what s your take on this Jim ?

Thanks in advance !!!
  • #89,473
  • Feb 18, 2011 2:39pm Feb 18, 2011 2:39pm
I haven't posted on this fine thread for some time. It's good to see Mike and Jarroo holding things down though. If any newbies are lurking or just getting started, here's a word of advice: Do what Jim says on the first page of the thread. And when you're successful, stay humble.

I got way too ahead of myself starting out and ended up crashing and burning again in July. When it came to pure James16 price action, I was impatient and forced myself into a lot of bad trades. Then, I jumped from one system to the next looking for the holy grail. After three months of demoing back in 2008, I thought I could jump into this with no problems. From a mental standpoint, I was far from ready.

Since blowing a second account in July (the first was blown in January 2009), I had no choice but to take things slowly. Now I finally know what it meant when Jim mentioned being in the "fetal position". Some times you just have to learn the hard way.

When I blew the second account I thought I'd never trade again, but after a few hours had passed, I thought, "I'm not a quitter". I ended up taking some time off from the charts and the markets in general, and had a great time in the Canadian Rockies this past summer. Since the end of August, I've been demo trading using pure price action with a few tweaks here and there (mainly a few MAs and volume spread analysis). Some days are definitely better than others, but I feel with patience, common sense, and determination, I'll get there.

If I can add anything to this great thread in the future, you all know I will. Now, back to my cave. Thanks to Jim, Jarroo, Mike, Seek, Rac, and all the other excellent contributors here.
"Don't trade to trade . . . trade to win." - James16
  • #89,474
  • Feb 18, 2011 2:46pm Feb 18, 2011 2:46pm
Quoting menomoo
Simple question if you can answer please..

Last few days , I spotted few IB s in a few pairs like GBP,EURO,CHF / USD and some of these were lets say under or above the daily open line (6 am LOndon) and broke the reverse way and remembering crowns rule take the break going up if the price was above open line or vice versa...

So I gave them away , didnt take the trade but onething I noticed they were all on the swing highs or lows and all in the hourly charts and they all moved some 200 pips or so ...

Question is , did I do the right thing or...
Peters Crowns DIBS method can't be judged in a few given trades. Its a series of many trades over a longer period of time. Over all, DIBS trades can be very profiable in that aspect or longer time period.

You did the right thing if your follow how Peter trades the DIBS method.

Now if you want to add your own qualifiers or confirmations or confluences within the DIBS method . .I say go for it and make it your own.

Is this close to your queston?
Indicators show the past. Price Action "Indicates" the future.
  • #89,475
  • Feb 18, 2011 3:03pm Feb 18, 2011 3:03pm
Quoting Flem26
I haven't posted on this fine thread for some time. It's good to see Mike and Jarroo holding things down though. If any newbies are lurking or just getting started, here's a word of advice: Do what Jim says on the first page of the thread. And when you're successful, stay humble.

I got way too ahead of myself starting out and ended up crashing and burning again in July. When it came to pure James16 price action, I was impatient and forced myself into a lot of bad trades. Then, I jumped from one system to the next looking for the holy grail....

Glad to see you back, Flem.

Perseverance is a great quality to have in anything in Life, but more so in this business.

Demo until you get it right . . is the best advise that James16 preaches.
Indicators show the past. Price Action "Indicates" the future.
  • #89,476
  • Feb 18, 2011 3:08pm Feb 18, 2011 3:08pm
Quoting aserbfx
aon on weekly
check for breakout next week.
Quoting aserbfx
buy stop got triggered.
currently about +1,6% up at 50.80 usd. i take first 1/3 off here.
god, i love that stuff...
well, i am speechless. up +6% this week. still holding 1/3 of my initial position.
Attached Image (click to enlarge)
Click to Enlarge Name: aon3.png Size: 41 KB
meine augen sind die sterne
  • #89,477
  • Feb 18, 2011 3:12pm Feb 18, 2011 3:12pm
Quoting aserbfx
well, i am speechless. up +6% this week. still holding 1/3 of my initial position.

You Rock with those Stocks, abserb. . .

Tell me you got in at that PB .. (chart)
Attached Image (click to enlarge)
Click to Enlarge Name: pb.GIF Size: 31 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,478
  • Feb 18, 2011 3:15pm Feb 18, 2011 3:15pm
good to see you Flem

This can be a tough business. But it seems you are getting a handle on things, and doing the smart thing, demo, demo demo

Enjoy the weekend and hope you stop by more

Mike

Quoting Flem26
I haven't posted on this fine thread for some time. It's good to see Mike and Jarroo holding things down though. If any newbies are lurking or just getting started, here's a word of advice: Do what Jim says on the first page of the thread. And when you're successful, stay humble.

I got way too ahead of myself starting out and ended up crashing and burning again in July. When it came to pure James16 price action, I was impatient and forced myself into a lot of bad trades. Then, I jumped from one system to the next looking for the holy grail....
  • #89,479
  • Feb 18, 2011 3:18pm Feb 18, 2011 3:18pm
Quoting jarroo
You Rock with those Stocks, abserb. . .

Tell me you got in at that PB .. (chart)
thanks.
but no, i didn't spotted that on.
i got in at the break-out >50 usd. my buy-stop was triggered and it went up without getting into a single cent of drawdown.
see below post for reference:
Quoting aserbfx
aon on weekly
check for breakout next week.
meine augen sind die sterne
  • #89,480
  • Feb 18, 2011 3:25pm Feb 18, 2011 3:25pm
Quoting aserbfx
thanks.
but no, i didn't spotted that on.
i got in at the break-out >50 usd. my buy-stop was triggered and it went up without getting into a single cent of drawdown.
see below post for reference:

I see. . . Breakout at the BRN.

You gotta like that breakout pullback with PA .. .classic.
Indicators show the past. Price Action "Indicates" the future.
57 traders viewing now