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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

  • #98,741
  • Jul 18, 2011 11:26am Jul 18, 2011 11:26am
Nice trade, Greenhaze
I never went down to M30 -still trying to finetuning H4 and higher TF

Thanks for posting -it shows once more that J16 methods works on all TF

Andreas

Quoting Greenhaze
A simple PB trade i took today. I was waiting for price to hit the TL and resistance area (one can add an open gap close to the confluence) but m30 pb and 1.1500 (well defined support on lower tf) was good enough for short entry. Full profit taken at 1.1485.
  • #98,742
  • Jul 18, 2011 11:35am Jul 18, 2011 11:35am
Quoting AndreasF
Nice trade, Greenhaze
I never went down to M30 -still trying to finetuning H4 and higher TF

Thanks for posting -it shows once more that J16 methods works on all TF

Andreas
Hi AndreasF,

I usually dont go deeper then H1 and this trade was rare exception
The main reason was loaction and the bearish pattern on m1 ... pb was a nice addition

Cheers!

Gh
  • #98,743
  • Edited 12:38pm Jul 18, 2011 12:19pm | Edited 12:38pm
GBPJPY:
Price has now CB 1.27 with a late NY session BEOB on H4.
i would like to see furthur push tommorow..
so far i hav reduced my risk..bt still keepin the exposure for price to move..
still lot to do for the price to move till the destination..
lets see..so far trade is +ve
curiously watching..


Quoting AvanishDemo
something similar we have on AUDCHF..
it broke two previous swings..
tight SL would be great....
CB 0.87 n LCS as well...
i was thinking to enter this AUDCHF trade instead of GJ as it ws providing tighter SL..but todays opening was "way down" which i could not find it comfortable(FxPro Feed)
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  • #98,744
  • Jul 18, 2011 12:28pm Jul 18, 2011 12:28pm
anyone still on on the pinbar from 14th on EUR USD
  • #98,745
  • Jul 18, 2011 12:52pm Jul 18, 2011 12:52pm
Quoting deankenny21
anyone still on on the pinbar from 14th on EUR USD
I didn't pull the trigger on this one. Had so much action last week then got a bit nervous shorting back into the BRN on a FRIDAY . It did break then go into some drawdown while I was watching it. But has since played out just as we thought.

Price action is cool huh

Nicely done to those who took it

Mike
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  • #98,746
  • Jul 18, 2011 12:57pm Jul 18, 2011 12:57pm
Quoting jarroo
Nice trade . .Kunal . . . . . .Mike is smiling . .
Thanks jaroo appreciation from u means a lot . i was just wondering people here dont trade the systems on smaller timeframes ? surprised they work a lot i mean very much but hardly someone posts here except for daily or h4 .

Do people on the paid forum of j16 use lower TF or not at all?

regards,
kunal
  • #98,747
  • Jul 18, 2011 1:01pm Jul 18, 2011 1:01pm
Quoting Greenhaze
Hi AndreasF,
I usually dont go deeper then H1 and this trade was rare exception
The main reason was loaction and the bearish pattern on m1 ... pb was a nice addition

Cheers!

Gh

Hi guys, i actually trade thge system more on lower tf's (M5 - DAILY ALL ) believe me start doing them after u have good experience on higher tf they work great on lower also

James 16 rocks
  • #98,748
  • Jul 18, 2011 1:03pm Jul 18, 2011 1:03pm
Quoting fx trader-
Thanks jaroo appreciation from u means a lot . i was just wondering people here dont trade the systems on smaller timeframes ? surprised they work a lot i mean very much but hardly someone posts here except for daily or h4 .

Do people on the paid forum of j16 use lower TF or not at all?

regards,
kunal
Hey Kunal

I trade every timeframe as well. I like the 1hr and up since its less screen time. PA works on all timeframes. James bread and butter is a tick chart on the mini dow.

We try not to post lower timeframes here because this thread is seen by many newer traders, with bad habits, that are in an abyss they are trying to get out. BUilding that proper foundation via the j16 minimum requirements becomes a great starting off point for many. Most are trading low timeframes and literally digging a hole deeper and deeper. This approach is what attracts most to trading myself included but the answers usually aren't found there(again for most). I am a big believer in slow and steady, and taking baby steps.

Glad to hear you are doing well
Mike
  • #98,749
  • Jul 18, 2011 1:10pm Jul 18, 2011 1:10pm
Hey people,

A really very interesting pin on crude oil H4 Time frame:

Looks like a great trade absolutely not one that shud be missed , i think it should pay off well .

comments appreciated
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  • #98,750
  • Jul 18, 2011 1:11pm Jul 18, 2011 1:11pm
i was nervous taking the pb on friday with the eurusd pair but with price never going above the lower trend line of the descending triangle it was easy for me to stay in until today upon reaching my final tp for this trade at 14025....yes mike PA rules im really starting to love this!!
  • #98,751
  • Jul 18, 2011 1:14pm Jul 18, 2011 1:14pm
Quoting mbqb11
Hey Kunal

I trade every timeframe as well. I like the 1hr and up since its less screen time. PA works on all timeframes. James bread and butter is a tick chart on the mini dow.

We try not to post lower timeframes here because this thread is seen by many newer traders, with bad habits, that are in an abyss they are trying to get out. BUilding that proper foundation via the j16 minimum requirements becomes a great starting off point for many. Most are trading low timeframes and literally digging a hole deeper and deeper. This approach is what...

My babystep for today Not sure if its a good one, i am +ve. But i believe i should have waited for that daily PB ta have closed, saw that h4 PB and couldn't resist and entered.
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  • #98,752
  • Jul 18, 2011 1:34pm Jul 18, 2011 1:34pm
Quoting mbqb11
Hey Kunal

I trade every timeframe as well. I like the 1hr and up since its less screen time. PA works on all timeframes. James bread and butter is a tick chart on the mini dow.

We try not to post lower timeframes here because this thread is seen by many newer traders, with bad habits, that are in an abyss they are trying to get out. BUilding that proper foundation via the j16 minimum requirements becomes a great starting off point for many. Most are trading low timeframes and literally digging a hole deeper and deeper. This approach is...

Ohh yea mike thats really great of u guys smaller timeframes can actually confuse the new people and make affect their trading due to the noise there , well the systems are really great have been following the thread since a loong time but now it feels like i shud contribute towards the group that has made the difference to my trading .

The biggest indiscipline i had and was struggling all the time was even though i found u guys here around 2 years back and saw it working i went behing 1000 other things and tried them till they burst but nothing is as best as J16 ...
  • #98,753
  • Jul 18, 2011 1:36pm Jul 18, 2011 1:36pm
I remember doing this as a Kid. Sometimes All Night.

Dad says;
Daily needs to close Above 0.8800 . Then we are off to the races.

Buy Stop on Close @ 0.8801
J-mac
  • #98,754
  • Jul 18, 2011 1:44pm Jul 18, 2011 1:44pm
Quoting huskyboy
My babystep for today Not sure if its a good one, i am +ve. But i believe i should have waited for that daily PB ta have closed, saw that h4 PB and couldn't resist and entered.

i heve my eyes on this one as well will be taking it for sure , but its always better to wait for close on daily .

It looks very good to me good area PPZ + with trend so rocks for me
not sure what PB on h4 are u talking abt
  • #98,755
  • Jul 18, 2011 1:52pm Jul 18, 2011 1:52pm
Quoting fx trader-
i heve my eyes on this one as well will be taking it for sure , but its always better to wait for close on daily .

It looks very good to me good area PPZ + with trend so rocks for me
not sure what PB on h4 are u talking abt
That one. On the h4 its clearer to see why it has to CA .8800.

Thx.
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  • #98,756
  • Jul 18, 2011 1:56pm Jul 18, 2011 1:56pm
Quoting huskyboy
That one. On the h4 its clearer to see why it has to CA .8800.

Thx.
there is one more ppz floating at around 0.8850. this is a minor one. so >0.8800 looks good for longs.
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meine augen sind die sterne
  • #98,757
  • Jul 18, 2011 2:10pm Jul 18, 2011 2:10pm
Watching to see if price retests .9600 BRN area and makes a move lower. Overall trend is bearish but Daily was way up today. IBFX feed is showing bullish PA on 4HR. No need to rush into this one.
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  • #98,758
  • Jul 18, 2011 2:14pm Jul 18, 2011 2:14pm
@eur/gbp

bah, was short and managed to unload only half at .872... Greedy moron I was; and I don't even believe in letting profits run, let alone such oversold ones...

areas ahead - .884, .8865, .892. But still weekly points down so I'll skip the way up. Oh well, I still have 8 pips till be, so I'm not technically out yet.

anyway, I hate this pair; damn hard to trade it properly...
  • #98,759
  • Jul 18, 2011 2:24pm Jul 18, 2011 2:24pm
Quoting Mebius
Watching to see if price retests .9600 BRN area and makes a move lower. Overall trend is bearish but Daily was way up today. IBFX feed is showing bullish PA on 4HR. No need to rush into this one.
i like this one, a nice bar(size and close) coming off a good level with a nose that tests the ground above. closes below the level and RN confluence. I like the previous bar also which shows some exhaustion of that move up and the resilience of that RN PPZ. not a swing high though and is in a box rather than a swing so not one to expect too much from imho. not the best time of day either...FTAs .9577 and .9565
nice...lets see what happens

i like the way the eu/gb is shaping up also

jon
PATIENCE... DISCIPLINE
  • #98,760
  • Jul 18, 2011 2:25pm Jul 18, 2011 2:25pm
euraud waiting for the brake of the RN 1.33 to enter long ?
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