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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

  • #95,701
  • May 26, 2011 7:28am May 26, 2011 7:28am
Please i wants to learn from James16. i need advice on where to start, should i register to the PF to learn immediately???
  • #95,702
  • May 26, 2011 7:55am May 26, 2011 7:55am
Thank you for the quick reply with clear answer.. appreciated
  • #95,703
  • May 26, 2011 8:29am May 26, 2011 8:29am
Quoting supremeChaos
hey P.Dean,
there's not set answer in terms of number of pips.
but we rely on Support & resistance for profit taking.

the answer would rely mainly on how YOU trade.
if u study charts posted here, u will see several ways of profit taking. use what's comfortable for u.
start posting charts so u'll get the feel of what's right for u.


hello Kabayan,
nice to see u unlurk
keep posting Sir!
Hey Supremo

Nice to see you keeping things calm and dispensing the usual wisdom! Its guys like you who make this thread what it is. I agree with you that its all about whats comfortable for the individual. It would be nice if every trad was just about profit taking!!

Kal
  • #95,704
  • May 26, 2011 8:55am May 26, 2011 8:55am
Start with post 1. Study it. Love it.

From there I would recommend just reading through the thread and following day to day.

This thread moves pretty fast so it is easy to get overwhelmed. If you have a quesiton just ask, we have a good group of people here.

I would recommend sifting through the public (free) James 16 forum for a while before going to the private fourm. All of the info is here, it is just better concentrated in the private forum.

Glad to have you here.

Quoting phrolove
Please i wants to learn from James16. i need advice on where to start, should i register to the PF to learn immediately???
  • #95,705
  • May 26, 2011 9:13am May 26, 2011 9:13am
Quoting TransPorter
Yup! It helps a lot Mike. I'm sorry if you discuss this trade all over again. Before I'm just reading your responses to our fellow james16 follower, now I got a response from you, Nice! And now I'm one of those who's saying Thank you, Mike!!
Never a bother, that was discussed elsewhere so it's good for here too

Mike
  • #95,706
  • May 26, 2011 9:13am May 26, 2011 9:13am
Quoting Greenhaze
Very interesting confluenced zone on EU. EU selloffs are very volatile and it would be nice to see next leg down from there..
and BAM! as Jarroo would say

very nice GH


Best
Mike
  • #95,707
  • May 26, 2011 9:22am May 26, 2011 9:22am
Quoting Kalbar
Hey Supremo

...Its guys like you who make this thread what it is.


When you have to shoot, shoot. Dont talk.
  • #95,708
  • May 26, 2011 9:24am May 26, 2011 9:24am
Quoting joelcf
joel that's the least amount I ever heard you say in a post. I can almost bet on it
  • #95,709
  • May 26, 2011 9:55am May 26, 2011 9:55am
Guys

Saw this BEOB at swing high off PPZ area - a high prob trade. however did not hop aboard as I am trying to stick to higher TFs at the moment! Damn! Hope you got onboard!! thought i'd post chart anyway for interest.

Kal
  • #95,710
  • May 26, 2011 9:55am May 26, 2011 9:55am
Chart!!
  • #95,711
  • May 26, 2011 9:56am May 26, 2011 9:56am
attached
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  • #95,712
  • May 26, 2011 9:58am May 26, 2011 9:58am
Quoting Kalbar
attached
yep that is a beauty my friend. Classic James16



Mike
  • #95,713
  • May 26, 2011 10:20am May 26, 2011 10:20am
Quoting mbqb11
yep that is a beauty my friend. Classic James16



Mike
Mike, with no reference to the left on the EURCHF chart, how do you determine the target and exit ? Are you following price with a trailing stop ?

thanks
  • #95,714
  • May 26, 2011 10:25am May 26, 2011 10:25am
Quoting billm
Mike, with no reference to the left on the EURCHF chart, how do you determine the target and exit ? Are you following price with a trailing stop ?

thanks
Hey Bill

Since were just drifting lower I am not really interested in anything but trailing it out. Unless we get some massive capitulation down then I might look to take profit on it

For now I will see what prints and just look to move my stop logically

Good references are bar highs/lows closes and round numbers

Best
Mike
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  • #95,715
  • May 26, 2011 10:30am May 26, 2011 10:30am
Is anyone else watching this pair. I'm quite interested in the location and the bar if it closes like this on the 4h, half hour to go. FTA on the daily chart i have as 64.65? but possibly much closer on the 4h.
Where would you enter short if at all. would a break below 65.50 area be acceptable.
Looking forward to your comments
Many thanks

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Free speech is an oxymoron
  • #95,716
  • May 26, 2011 10:36am May 26, 2011 10:36am
Quoting mbqb11
yep that is a beauty my friend. Classic James16



Mike
Hey mike

No need to ask if YOU were aboard!! I just love these J16 classics - even if i am not aboard. Hopefully in the near future i will be on most of them myself with you guys. This is such a great place to learn these setups!!

kal
  • #95,717
  • May 26, 2011 10:38am May 26, 2011 10:38am
Hi everyone,

I took this trade on a solid Pinbar and exited on a set tp (+50)...
to be honest I am not too happy with my exit... any suggestion in this scenario??

Thanks.
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  • #95,718
  • May 26, 2011 11:03am May 26, 2011 11:03am
dEANO

Looks like you took profit at previous bar lows/highs so as per the J16 methodology you took profit at the FTA so it seems like you did the right thing here. Of course people may take half, move 2nd half to break even and let it run. |Different ways to do it but IMHO you did well there so give yourself a pat on the back!

Kal
  • #95,719
  • May 26, 2011 12:48pm May 26, 2011 12:48pm
Quoting plund
Looks decent to me.

Attachment

pat
Worked out nicely.

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  • #95,720
  • May 26, 2011 1:14pm May 26, 2011 1:14pm
Quoting plund
Worked out nicely.

Attachment
how do you scan for which charts to focus on in the stock market?
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