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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

  • #97,241
  • Jun 24, 2011 1:36am Jun 24, 2011 1:36am
Quoting gungriffin
hey there KR,

Been practicing this and playing with it for a while and I can honestly say that I don't trade lower TF (under 4hr) any longer. At the end of the day for me it was just not worth it. The J16 material for me seemed to work best on higher TF. My thoughts are that I can easily get decent returns off of the higher TF setups. There are people that do go to the 1hr, but I am not aware of any seniors that go any lower than that. One of the big big things to consider is that if you are still looking for imput on your trades there is a high...
Yeah, thanks Gunn. I guessed that.

I stumbled accross this thread and thought I'd give it a go - see if I could learn something. I'll stick with daily's when looking at this thread again because I don't always trust 4h. What I do know (in my limited experience) is that TIME is critical.

The really good thing about J16 and other members is how well you treat people here. I'm really impressed and I think if people learn the "A" trades as discussed by the seniors (and not so senior), you can't go far wrong.

I trade the long term (a few trades a year), the medium term (trailing stops) and the short term (big money). I suggest J16 is an excellent method to trade the short term.

Thanks for your response Gunn.

KR
  • #97,242
  • Jun 24, 2011 1:44am Jun 24, 2011 1:44am
Quoting mrhb30jr
agree with u " negative term" due the weekly chart pending bearish till 1.1790 area (161.8 ext fibo ) .....

cheers

Updated of EUCHF on the WK TF almost reach the target 1.1790 area (161.8 ext fibo )....
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  • #97,243
  • Jun 24, 2011 2:08am Jun 24, 2011 2:08am
not a trade rec but i would be very surprised to see it trade below the pin before hitting 1.0350. that level corresponds with the previous bar high. 1.0250 is also solid support.



Quoting PIPtaser
Greetings, I am new here but I think I am getting a grasp of whats necessary.. Am I seeing something good here PinBar hitting it's head on a round number 1.03 @ End of day or is this dangerous?? thanks
  • #97,244
  • Jun 24, 2011 4:39am Jun 24, 2011 4:39am
Are we going to get a BUEOB on the four hour? I know it's early but thought I mention it.

Will it retrace to brn (1.60)?

KR

Anybody spot any other potentials?
  • #97,245
  • Jun 24, 2011 4:40am Jun 24, 2011 4:40am
BEOB, i guess nothing wrong with shape and location (starting from daily/weekly pivot and the TL) but trouble zones at BRN 80 and lower at 79.50 are too close.
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  • #97,246
  • Jun 24, 2011 5:22am Jun 24, 2011 5:22am
My BEOB,
- good place
-2 ma
And I was aware of 1,35.
Probably not A+, but I liked it...and it is nearly there.
Any comm is welcome.
Monika
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  • #97,247
  • Jun 24, 2011 5:38am Jun 24, 2011 5:38am
Quoting huskyboy
BEOB, i guess nothing wrong with shape and location (starting from daily/weekly pivot and the TL) but trouble zones at BRN 80 and lower at 79.50 are too close.
$jpy is 1 of those pairs that i dont trade (choppy, plus much better opportunities in other major pairs).
that BEOB is sitting right at a PPZ ( 80.25 area). plus u are presented with very little room towards your FTA (about 20pips).
personally i would look for better opportunities in other pairs (check out the up & down moves in eur$, gbp$ etc.. today).

Quoting Panthera
My BEOB,
- good place
-2 ma
And I was aware of 1,35.
Probably not A+, but I liked it...and it is nearly there..
Hi Monika,
did it engulf the prior candle?
not a big BEOB but based on your chart (starting early June) it seems that u had a nice ongoing trend as your friend, giving u momentum once the BEOB broke.
nice trade, manage it well
  • #97,248
  • Jun 24, 2011 5:38am Jun 24, 2011 5:38am
Quick question:

I played the GBP/JPY (again) this morning. I put stop loss just above 129.50 for the daily beob on 22 June 2011.

Please advise whether this stop loss is correctly placed according to this method, or should it be higher?

I'm looking for the perfect set up with regard to the stop loss.

Thank you,
KR
  • #97,249
  • Jun 24, 2011 5:50am Jun 24, 2011 5:50am
Forget it. I must be seeing things. This was not a beob. I played the breakout. Too many charts open right now.

KR
  • #97,250
  • Jun 24, 2011 5:50am Jun 24, 2011 5:50am
Quoting supremeChaos
$jpy is 1 of those pairs that i dont trade (choppy, plus much better opportunities in other major pairs).
that BEOB is sitting right at a PPZ ( 80.25 area). plus u are presented with very little room towards your FTA (about 20pips).
personally i would look for better opportunities in other pairs (check out the up & down moves in eur$, gbp$ etc.. today).


Hi Monika,
did it engulf the prior candle?
not a big BEOB but based on your chart (starting early June) it seems that u had a nice ongoing trend as your friend, giving u momentum once the...
Markets are behaving quite unexpected..up,down,up,down..
i think its better to sit at sidelines..
have a good weekend SC n others..
(pic from Google)
http://upload.wikimedia.org/wikipedi...er_Premuim.JPG
  • #97,251
  • Jun 24, 2011 6:00am Jun 24, 2011 6:00am
Quoting AvanishDemo
Markets are behaving quite unexpected..up,down,up,down..
i think its better to sit at sidelines..
have a good weekend SC n others..
(pic from Google)
u sure that's not the last bottle found in your kitchen?

happy weekend to you & everyone too
  • #97,252
  • Jun 24, 2011 6:08am Jun 24, 2011 6:08am
Quoting supremeChaos
$jpy is 1 of those pairs that i dont trade (choppy, plus much better opportunities in other major pairs).
that BEOB is sitting right at a PPZ ( 80.25 area). plus u are presented with very little room towards your FTA (about 20pips).
personally i would look for better opportunities in other pairs (check out the up & down moves in eur$, gbp$ etc.. today).


Hi Monika,
did it engulf the prior candle?
not a big BEOB but based on your chart (starting early June) it seems that u had a nice ongoing trend as your friend, giving u momentum once the BEOB...
thx for the reply, happy weekend all, starting to read the thread where i stopped last sunday
  • #97,253
  • Jun 24, 2011 6:20am Jun 24, 2011 6:20am
GM all, saw this one, possibly a good bounce play?
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  • #97,254
  • Jun 24, 2011 6:31am Jun 24, 2011 6:31am
Quoting huskyboy
thx for the reply, happy weekend all, starting to read the thread where i stopped last sunday
the fastest way to learn from this thread, IMHO, is to:
- read as much as u can
(first 50 - 100+ pages AND last 50 - 100+ pages ---- use the 40 posts per page option, not the 15 posts per page default setting. to do this, go to your profile, go to Edit options, scroll down to & change the setting on "Number of Posts to Show Per Page"),

- study the free videos,
- practice AND
- ask questions so u learn in real time.

- the crucial part is learning how to plot AND recognize the best/strongest/valid/correct PPZs or S/R's. PPZs is a big part of the trading battle, IMHO.

hope this helps
  • #97,255
  • Jun 24, 2011 6:38am Jun 24, 2011 6:38am
Not sure if anyone trades silver, so let me know if I should keep to forex on this thread. Entered short at 3665, s/l 3690, target 3500. Yesterday moved s/l to 3615 and target to 3400. Don't really want to keep it open over the weekend as I have seen hardearned points dissappear that way. Looking for it to get thru 3450 area and will consider moving target to 3350ish. Silver can be very skittish so am always a bit nervous and wonder whether to just grab the points that I have (190). I feel this could go to 3200 & possibly even 2700. Any comments welcome.
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  • #97,256
  • Jun 24, 2011 6:40am Jun 24, 2011 6:40am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting supremeChaos
the fastest way to learn from this thread, IMHO, is to:
- read as much as u can
(first 50 - 100+ pages AND last 50 - 100+ pages ---- use the 40 posts per page option, not the 15 posts per page default setting. to do this, go to your profile, go to Edit options,
a million thanks for this neat little trick bud. Now I have lesser pages to cover
I have seen the enemy, and it is me.
  • #97,257
  • Jun 24, 2011 6:44am Jun 24, 2011 6:44am
Quoting supremeChaos

(first 50 - 100+ pages AND last 50 - 100+ pages ---- use the 40 posts per page option, not the 15 posts per page default setting. to do this, go to your profile, go to Edit options, scroll down to & change the setting on "Number of Posts to Show Per Page"),


hope this helps
Hey Supreme
Thats really good - did'nt know you could do that, Thanks a lot for showing that.
Have a good weekend all
Malarky
  • #97,258
  • Jun 24, 2011 7:00am Jun 24, 2011 7:00am
Quoting supremeChaos
yes, u got it.

ideally, the pinbar should have its close lower than the open.
anyway, if the PB low (9580 ?) gets broken... 9550/60 area is potential FTA.

i checked here, http://finance.yahoo.com/q/bc?s=^N225+Basic+Chart&t=3m
it's been in a downmove since April.
but in your chart, it seems to be in a range (9350 - 9650), so i wont be surprised if this PB gets triggered barely & then price continues upward.

given all these info, ask yourself if u are comfortable trading...
Hi SC, just wanted to post an updated chart of Nikkei. You were right asking would I have been comfortable trading it (I didn't). the second last bar does look interesting though!
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  • #97,259
  • Jun 24, 2011 7:08am Jun 24, 2011 7:08am
Quoting supremeChaos
the fastest way to learn from this thread, IMHO, is to:
- read as much as u can
(first 50 - 100+ pages AND last 50 - 100+ pages ---- use the 40 posts per page option, not the 15 posts per page default setting. to do this, go to your profile, go to Edit options, scroll down to & change the setting on "Number of Posts to Show Per Page"),

- study the free videos,
- practice AND
- ask questions so u learn in real time.

- the crucial part is learning how to plot AND recognize...
Great help, thanks. Problem is i hate reading, stopped at p.37 last sunday so only 6449 to go . The video's are no problem, love to see them and they are off great value.

On the early pages i read about a private forum (oct 2005); is that pf stil active, if so it must be good, very good.
  • #97,260
  • Jun 24, 2011 7:27am Jun 24, 2011 7:27am
Quoting human2
Hi SC, just wanted to post an updated chart of Nikkei. You were right asking would I have been comfortable trading it (I didn't). the second last bar does look interesting though!
nice, thank you!
notice the PB we talked about didnt trigger right on the subsequent bar. that happens quite often.

Quoting huskyboy
Great help, thanks. Problem is i hate reading
On the early pages i read about a private forum...
reading is almost always part of learning, so it's inevitable.
if u are a visual kind of guy, then u'll get more from studying the charts/videos. view all the free videos, study the charts of the seniors here, then study the charts posted daily (to stay updated)
the PF is still running. u can ask mbqb11 about it (he's 1 of the instructors there).

Quote
Problem is i hate reading, stopped at p.37 last sunday so only 6449 to go ...
use the 'page reduction' trick i mentioned in my prior post. u'll feel much better
Quoting Jey
a million thanks for this neat little trick bud. Now I have lesser pages to cover
Quoting Malarky
Thanks

u'll feel like u've covered 10 - 100 pages less
brain trickery
seriously, i hate flipping through a page that only contains 15 posts. i actually requested from Twee to give an option of '100 posts per page'
(NOTE: to avail of this trick, u have to be logged in, obviously)
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