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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

  • #89,901
  • Feb 23, 2011 8:23am Feb 23, 2011 8:23am
Quoting Patrick.
commendable, I looked at this and passed, now that I see your trend lines it makes more sense... another Mike in the making!
lol, yeah in 20 years from now maybe...
like 1/2 of Mike - I will be more than happy

This one really broke hard, was easy! And yeah I love the BE approach, who cares what's going to happen next, my work is over, really gaining some peace of mind!
  • #89,902
  • Feb 23, 2011 8:27am Feb 23, 2011 8:27am
Quoting Adilius07
Hi Kalbar, yeah I don't know if I get it right, but I try to copy Mike as you see, even the lines are of the same color, lol. For now works ok, I'm happy
You seem to be doing fine by yourself man........if you can do half of what Mike does then you will be ok!! Now if I can take the best bits from Mike. Jarroo, Ghous etc then I will do ok.......................................!!

I know we have to find our own way but if I can successfully incorporate what these guys do as PART of my approach I KNOW I will succeed!

best

Kal
  • #89,903
  • Feb 23, 2011 8:31am Feb 23, 2011 8:31am
Quoting Adilius07
thanks! this one was easy.
For now the Plan is to hold until 1.3777 that second high.
Or until I see a reversal against me...
That is if my BE survives
Very nice!
Great momentum on that move.
Depending on how brave you feel, if it bounces off 1.3657, it may well find support again at around 1.3580 ish.

Good luck with it my man
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  • #89,904
  • Feb 23, 2011 8:35am Feb 23, 2011 8:35am
Quoting Kalbar
You seem to be doing fine by yourself man........if you can do half of what Mike does then you will be ok!! Now if I can take the best bits from Mike. Jarroo, Ghous etc then I will do ok.......................................!!

I know we have to find our own way but if I can successfully incorporate what these guys do as PART of my approach I KNOW I will succeed!

best

Kal
Yes. Exaclty as how I try to do it. It's something like:

what Mike will do? - he will draw this
what Jarroo will do? - he will put lines here, here, here, here and watch PA
what Ghous will do? - he will not let the trade come into loss when it hit FTA...

and somehow it works!!! is like "oh yeah I should take it"


Lol, ok that just my exitement, I really need to have much more trades to come to any conclusion. But 5th winner in a row - that did not happen for a loooong time with me... so I think it slowely clicks yes.

Wish you all the best Kal, let's make it happen!!!
  • #89,905
  • Feb 23, 2011 8:38am Feb 23, 2011 8:38am
Quoting leelar
This is the textbook stuff. One question, you don't set your SL?
Stop was at BE. So the SL and entry line have merged.

g.
I believe . . .
  • #89,906
  • Feb 23, 2011 9:08am Feb 23, 2011 9:08am
A Libyan fighter pilot disobeyed orders on Wednesday to bomb the opposition stronghold of Benghazi and ditched his plane after ejecting, a Libyan newspaper reported on its website.
  • #89,907
  • Feb 23, 2011 9:13am Feb 23, 2011 9:13am
Hey Albinas

Good to hear your trading is going well. Big changes? Probably just the post numbers LOL

J16 style is something that is a process over time so the changes are always on those that find the thread

Good to see you around

Mike

Quoting albinas
Hey guys,



Any big changes in 3 months?...
  • #89,908
  • Feb 23, 2011 9:14am Feb 23, 2011 9:14am
Adi man, I'm loving your work
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  • #89,909
  • Feb 23, 2011 9:14am Feb 23, 2011 9:14am
Quoting Adilius07
Ok, my order is @ 1.3563 pending
Let's see
There you go Adi,

Notice the important thing here is we can develop a full trade plan here

BRN for support and stop loss mgmt , each touching point on trendline with our trouble areas

Best
Mike
  • #89,910
  • Feb 23, 2011 9:16am Feb 23, 2011 9:16am
Quoting Ifmyante
Adi man, I'm loving your work
yeah what a move!!!
that's the power of my crossed fingers on both hands in action!!!!!!!
  • #89,911
  • Feb 23, 2011 9:18am Feb 23, 2011 9:18am
Quoting joelcf
Think your tinfoil hat needs adjusting there, Sir
  • #89,912
  • Feb 23, 2011 9:19am Feb 23, 2011 9:19am
Quoting mbqb11
There you go Adi,

Notice the important thing here is we can develop a full trade plan here

BRN for support and stop loss mgmt , each touching point on trendline with our trouble areas

Best
Mike
Hi Mike! The only thing I worry is if I could hold my thought process, my discipline etc. etc. for the future trades! Many times before I started good but later killed everything myself by overtrading, stupid errors etc.

So now my main worry is how to keep myself to those rules in my book! If I will be able to do that, I should be ok, I think
  • #89,913
  • Feb 23, 2011 9:22am Feb 23, 2011 9:22am
Quoting Adilius07
lol, yeah in 20 years from now maybe...
like 1/2 of Mike - I will be more than happy

This one really broke hard, was easy! And yeah I love the BE approach, who cares what's going to happen next, my work is over, really gaining some peace of mind!
Thanks for the compliment Adi, but I assure you after awhile you will be no one but yourself. Yes we all have to learn from someone and we are lucky James started this thread that many years ago for a place for us to learn from someone who has been through it, and others that went through it

Keep at it bud
Mike
  • #89,914
  • Feb 23, 2011 9:24am Feb 23, 2011 9:24am
Quoting Adilius07
Hi Mike! The only thing I worry is if I could hold my thought process, my discipline etc. etc. for the future trades! Many times before I started good but later killed everything myself by overtrading, stupid errors etc.

So now my main worry is how to keep myself to those rules in my book! If I will be able to do that, I should be ok, I think

A good thing to do(what I do), is what would you have done if price didn't reach your B/E point? How much you managed this trade if it didn't break this hard. You begin to prepare all the scenarios in your head instantly and it will help you.

Best
Mike
  • #89,915
  • Feb 23, 2011 9:26am Feb 23, 2011 9:26am
Quoting mbqb11
Thanks for the compliment Adi, but I assure you after awhile you will be no one but yourself. Yes we all have to learn from someone and we are lucky James started this thread that many years ago for a place for us to learn from someone who has been through it, and others that went through it

Keep at it bud
Mike
Yes, you are absolutely right! Sometimes I just cannot believe that I could find something like this thread. We are truely lucky, me for sure!
Thanks to James!!!! J16 FOREVER!
  • #89,916
  • Feb 23, 2011 9:32am Feb 23, 2011 9:32am
Quoting mbqb11
A good thing to do(what I do), is what would you have done if price didn't reach your B/E point? How much you managed this trade if it didn't break this hard. You begin to prepare all the scenarios in your head instantly and it will help you.

Best
Mike
Yes, I was thinking a lot about this. Different scenarios. And all simple. I should see how all that will work in real time, but on paper they look good.
Thanks! ))
  • #89,917
  • Feb 23, 2011 9:33am Feb 23, 2011 9:33am
Quoting joelcf
Also: sometimes, things are just a coincidence. Draw enough lines and some are bound to work
Many choose unhappiness over uncertainty.
  • #89,918
  • Feb 23, 2011 9:34am Feb 23, 2011 9:34am
Quoting spookie94
your right Adi. I was looking at a different chart and had BUOB on the brain.

I'll take another look at it in the morning. Not worth lossing sleep over.
Maybe I should have lost some sleep
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  • #89,919
  • Feb 23, 2011 9:36am Feb 23, 2011 9:36am
I vowed today to punish myself for breaking my rules and taking a bad trade: No trades for at least 24 hours.
I hope this works.
  • #89,920
  • Feb 23, 2011 9:37am Feb 23, 2011 9:37am


Man thats a rocking trade! I am not in it but still happy for you! gives newer J16 entrants hope patience and demo! and these dudes,,,Mike, Jaroo, ect ect awesome

Quoting Adilius07
yeah what a move!!!
that's the power of my crossed fingers on both hands in action!!!!!!!
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