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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

  • #92,161
  • Mar 23, 2011 10:32pm Mar 23, 2011 10:32pm
Quoting megaforex
Does this commercial forum of James16 still sale ?
Thanks
Not sure what you mean M?

If you mean if its still there or not, then yeah its doing great with lots of wonderful activity. It is just not talked about here much because no one here has aims to actually "sell" and "promote" the PF. People join in on their own accord when and if they feel they need that level of exposure.



Hope this helps.

g.
I believe . . .
  • #92,162
  • Mar 23, 2011 10:34pm Mar 23, 2011 10:34pm
Quoting spookie94
Hey ghous,
What do you think of this IPB?
I see the story there Spookie and I won't be surprised if Jarroo is thinking about this one.

For me though the fact that we are so near a swing high in this case is enough to shoo me away.

g.
I believe . . .
  • #92,163
  • Mar 23, 2011 10:43pm Mar 23, 2011 10:43pm
Quoting ghous
I see the story there Spookie and I won't be surprised if Jarroo is thinking about this one.

For me though the fact that we are so near a swing high in this case is enough to shoo me away.

g.
I see what your saying, but I'm really digging that S/R area.
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  • #92,164
  • Mar 23, 2011 11:04pm Mar 23, 2011 11:04pm
Quoting spookie94
I see what your saying, but I'm really digging that S/R area.
Yeah and that's why I also felt it has a good story to it

g.
I believe . . .
  • #92,165
  • Mar 23, 2011 11:05pm Mar 23, 2011 11:05pm
Quoting ghous
Not sure what you mean M?

If you mean if its still there or not, then yeah its doing great with lots of wonderful activity. It is just not talked about here much because no one here has aims to actually "sell" and "promote" the PF. People join in on their own accord when and if they feel they need that level of exposure.



Hope this helps.

g.
Thanks for your reply

I mean I intend to join the chatroom of James16 that the fee is $120. Does that chatroom still charge $120 for live chat about Price Action ?
  • #92,166
  • Mar 24, 2011 12:24am Mar 24, 2011 12:24am
Hi guys,

This is my first post here. Amazing that I just found this thread after I lost half of my trading fund so I'm back to demo again. The loss had a great effect on me psychologically since I am working in a third world country where one could live for 2 weeks on a $100 income with a family to feed. The impact was so great that at times, I cannot even "pull the trigger" in a demo account. So here I am, picking up the pieces again, hoping to regain my confidence. Hopefully I could gain enough funds to start trading live again after a year.

I'm still on page 210 of this thread, reading 5-10 pages per day as my time and money permits and hopefully I can go through the rest of the page at the end of this year I would like to thank James16 and the rest of the group for sharing their trading experience and their charts in this free forum so that people like me, who are striving hard but cannot afford paid trainings, can have access to first class info.

The wealth of information on the initial pages of the thread is so much and I know that every time I spend going through it is well worth it. I believe that someday, trading will give me the freedom I longed for to get closer to my family. For now, I only see them twice a month since I have to stay in the city to work.

I have been demo trading for almost a month now, trying not to blow my demo account and I would appreciate if you guys can give a comment on my first chart. I apologize though if the chart seems to be a bit messy
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  • #92,167
  • Mar 24, 2011 2:41am Mar 24, 2011 2:41am
Quoting Xeniz
I'm in on a LT trade - I entered on the first break of the 1.42, which now seems to be acting as support, although with low volume. I see the FTA to be the 1.40 area, looking somewhat optimistically at 1.38 area.


Zooming out to weekly if the support holds and it continues upward, I will look at going long up to about 1.45/1.46.

Perhaps a little anticipatory, but stop is tight and r/r is good for my style of trading.

X.

Attachment
Just took the profit on this one although I feel there is still more downward movement to come - I've had a couple of other trades over the last few days go positive, moved the stop to BE + 5, only to see it hit on a pullback... I read somewhere on here not to let a winning trade turn into a losing trade, so I've taken the pips off the table while I can still see them.

X.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #92,168
  • Mar 24, 2011 2:49am Mar 24, 2011 2:49am
Quoting tikky_tikky
Hi guys,

This is my first post here. Amazing that I just found this thread after I lost half of my trading fund so I'm back to demo again. The loss had a great effect on me psychologically since I am working in a third world country where one could live for 2 weeks on a $100 income with a family to feed. The impact was so great that at times, I cannot even "pull the trigger" in a demo account. So here I am, picking up the pieces again, hoping to regain my confidence. Hopefully I could gain enough funds to start trading live again after a year....
Hi tikky, congrats on your first post. I'm very new to this thread as well, and so can only offer a beginners viewpoint - I see that pinbar as a swing high, not swing low, and I also see you trading into "traffic", so overall not an A+ setup for me. Just my take on it.

X.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #92,169
  • Mar 24, 2011 3:03am Mar 24, 2011 3:03am
I would love a PA there.
BRN, PPZ, FIB 38
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  • #92,170
  • Mar 24, 2011 3:34am Mar 24, 2011 3:34am
Hi Ghous,
Wat if the IPB(marked by arrow) was formed at 1.49..looks good PPZ...also happend @ retracement..but does not meet 50/61.8fib(@ 1.49)..would u go for it had this IPB formed @ 1.49..?story would have been better..but i doubt if the retracement till 1.49 was enough..

just trying to work on things of knowing the DEPTH of being extremly picky!
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  • #92,171
  • Mar 24, 2011 3:41am Mar 24, 2011 3:41am
Quoting AvanishDemo
Hi Ghous,
Wat if the IPB(marked by arrow) was formed at 1.49..looks good PPZ...also happend @ retracement..but does not meet 50/61.8fib(@ 1.49)..would u go for it had this IPB formed @ 1.49..?story would have been better..but i doubt if the retracement till 1.49 was enough..

just trying to work on things of knowing the DEPTH of being extremly picky!
Hey A,

yes that would have done a world of good to the story part.

Your thinking is in the right direction for sure.

Errr...hang on! Shouldn't you be in front of the TV?

g.
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I believe . . .
  • #92,172
  • Mar 24, 2011 3:47am Mar 24, 2011 3:47am
Quoting ghous
You correctly identified the most important factor at play here - the mess. Doesn't invalidate the setup by any means but makes it trickier for sure.

the tricky part is not getting carried away seeing a big BEOB off a good location (1.6 and the adjoining PPZ) and betting on a free fall.

We're ranging more than trending because price is finding it tough to break through hurdles of S&R and to think that it will continue to do this is wise until we see something different happen.

All eyes set on the close here, which is of prime importance...
If anyone's wondering what a hard break looks like...we just had it on this particular setup.

And no I am not in this one. I was waiting with a pending order at 15980 which never got ticked in.

g.
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I believe . . .
  • #92,173
  • Mar 24, 2011 3:48am Mar 24, 2011 3:48am
Quoting ghous
Hey A,

yes that would have done a world of good to the story part.

Your thinking is in the right direction for sure.

Errr...hang on! Shouldn't you be in front of the TV?

g.
No..i will watch only last 10 overs of both innings..i did the same in previous 2 big matches of India..whole day wasted watching TV n result was one draw n another loss..so im bit superstitious now..that is..if i watch whole day..india may lose..lol..my whole college has already bunked lectures just to see the match..i hope India meets Pak in semi final..mannn..that would be awesome!!!
  • #92,174
  • Mar 24, 2011 3:51am Mar 24, 2011 3:51am
Quoting AvanishDemo
No..i will watch only last 10 overs of both innings..i did the same in previous 2 big matches of India..whole day wasted watching TV n result was one draw n another loss..so im bit superstitious now..that is..if i watch whole day..india may lose..lol..my whole college has already bunked lectures just to see the match..i hope India meets Pak in semi final..mannn..that would be awesome!!!
I think you guys are well equipped for the Aussies, this should be yours. and Yeah what a game that semifinal would be.

g.
I believe . . .
  • #92,175
  • Mar 24, 2011 3:59am Mar 24, 2011 3:59am
Quoting ghous
I think you guys are well equipped for the Aussies, this should be yours. and Yeah what a game that semifinal would be.

g.
Yeah it looks like they are equipped but still Aussies are Aussies...
it can be any1s match..yesterday i was laughing the way West Indies played against Pakistan..man such a open gate out for Semis that was..Best Wishes to Pak cricket team too!
  • #92,176
  • Mar 24, 2011 4:15am Mar 24, 2011 4:15am
Quoting ghous
If anyone's wondering what a hard break looks like...we just had it on this particular setup.

And no I am not in this one. I was waiting with a pending order at 15980 which never got ticked in.

g.
Hey Ghous how are you? I passed that setup for it was very close to 150 ema. Do you consider this ema while taking a trade?

Thanks
Ammar
  • #92,177
  • Mar 24, 2011 4:18am Mar 24, 2011 4:18am
Quoting AvanishDemo
Yeah it looks like they are equipped but still Aussies are Aussies...
it can be any1s match..yesterday i was laughing the way West Indies played against Pakistan..man such a open gate out for Semis that was..Best Wishes to Pak cricket team too!
maybe a couple of days too late, but:
HAPPY HOLI !!!
HOLI HAI !!!
meine augen sind die sterne
  • #92,178
  • Mar 24, 2011 4:21am Mar 24, 2011 4:21am
Quoting Mak
Hey Ghous how are you? I passed that setup for it was very close to 150 ema. Do you consider this ema while taking a trade?

Thanks
Ammar
Hey Ammar,

They don't break trades for me, but yeah they can add up to make a trouble area more important and hence strictly considered for trade management.

Obviously I didn't get on this one but if I had my stop would be at BE right when price hit 1.59.

g.
I believe . . .
  • #92,179
  • Mar 24, 2011 4:39am Mar 24, 2011 4:39am
Quoting ghous
Hey Ammar,

They don't break trades for me, but yeah they can add up to make a trouble area more important and hence strictly considered for trade management.

Obviously I didn't get on this one but if I had my stop would be at BE right when price hit 1.59.

g.
Thank you. If I had entered this trade, I would have entered 10 pips below the low of the bar which would be 1.5904. But I would like to enter below 1.5900 as it is RN and it would get even closer to 150 ema.

If you want to enter a trade on the break out, how many pips will you leave below the low? Secondly the yellow line on my chart with red arrow is the reason for your pending order at 1.5980?

Thanks
Ammar
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  • #92,180
  • Mar 24, 2011 4:41am Mar 24, 2011 4:41am
Sorry forgot to put arrow
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