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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

  • #105,381
  • Dec 23, 2011 3:52pm Dec 23, 2011 3:52pm
Quoting supremeChaos
hey Sir Avanish,
those are futures contracts, so the charts expire too.
the next contracts, & charts u can look at are YMH2 & EPH2
Z = December; 1 = 2011
H = March; 2 = 2012

since u are using FXPro, u can regularly check this too
http://www.fxpro.com/trading/conditions/futures

btw, belated happy birthday bro!
oh thanks SC..

now i got it.didn't knew they also play with alphabets..lol

thanks for ur wishes
(n ah, dont call me sir )...
  • #105,382
  • Dec 23, 2011 5:48pm Dec 23, 2011 5:48pm
Hello everybody, I have spend a lot of time on this thread lately and been trying to use the method described here for my trading.So far I am only screening for trades that would meet the criteria but its hard to find the A+ trades with so many new rules and informations to be considered.Can anyone help me to find a starting point for this? Maybe I should only watch priceaction at first?Or pivotzones?Or should I keep using both?

Thanks in advance.
  • #105,383
  • Edited Dec 24, 2011 8:50am Dec 23, 2011 11:23pm | Edited Dec 24, 2011 8:50am
Merry Xmas
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A chart helps those who can read it.
  • #105,384
  • Edited 10:37am Dec 24, 2011 3:49am | Edited 10:37am
Hello again.

It's taken me forever to realise I uploaded the wrong file with my first post. So I had the admin remove it so I could try again lol

So heres my X-mas present for you all.

To keep it short for those that didnt see the first one. Its just a informational indicator for position sizing and pending order levels.

Position size is calculated by your account size and how much you want to risk. The cost per tick on the pair your trading is taken into account too.

The spread is incorporated in the levels. Just be sure to go through the settings and set how much you want to buffer before your orders trigger ect...


------------------------------------

Bullish Setup:

PO High = Buy Order
PO Low = Stop Loss

Bearing Setup:

PO High = Stop Loss
PO Low = Sell Order

------------------------------------


Demo with it over the next week or so and see how you feel.

Goodluck in the new year.



NineKaye


Note : The pending order levels for the current candle get updated at the close of the candle.

Note 2 : "Order Open" displays the Order Open price for only the current order on that currency pair chart.

Note 3 : !!This is intended for price action setups that have the stop placed at the other side of the setup and play the break!!
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Attached File(s)
File Type: mq4 Trade Info - Mini V1.mq4   14 KB | 377 downloads
  • #105,385
  • Dec 24, 2011 6:12am Dec 24, 2011 6:12am
Quoting stockEX
Hello everybody, I have spend a lot of time on this thread lately and been trying to use the method described here for my trading.So far I am only screening for trades that would meet the criteria but its hard to find the A+ trades with so many new rules and informations to be considered.Can anyone help me to find a starting point for this? Maybe I should only watch priceaction at first?Or pivotzones?Or should I keep using both?

Thanks in advance.
hey budy. to keep things simple at first just try and set up your levels (PPZ) and watch the pa around those levels. learning to fit the whole story into the setup will take time but if your levels are good its a great place to start. i personally wouldnt bother with anything else for now, no EMAs, fibs etc. clean your charts and watch the pa at your levels

hope this helps

jon
PATIENCE... DISCIPLINE
  • #105,386
  • Dec 24, 2011 6:19am Dec 24, 2011 6:19am

happy xmas everyone. and a special one to the big man and his team for another year of greatness!!!!



jon
PATIENCE... DISCIPLINE
  • #105,387
  • Dec 24, 2011 11:24am Dec 24, 2011 11:24am
Quoting JoeSmith
Merry X-Mas to everybody and your family !!!

Mike, I have a personal question, hope you do not mind. How many trades have you taken in 2011 so far ? And how many did you lose? I am asking just because i am curious. No offense intended. I wish you a great X-Mas and a fabulous 2012.

Regards,
Joes
Hey Joes

I really couldn't tell you I'd have to go through all my statements. I probably average in the 10-15 range of trades per month. As for win/loss is highly irrelevant to my bottom line. For example if I risk 2% per trade and lose .1% on a trade, that trade would be a "loser" but that doesn't neccesarily have any bearing. I could have 10 of those and 1 win that is far greater and have a low win rate. This is why personally I don't analyze that aspect of my trading in too much detail. I try to stay focused on my real numbers. If I had to guess that number would proably be in the low 60%, but again I could have a month where I win 90% of my trades but end up with a losing month if the other 10% are larger

Happy holidays to you too!
Mike
  • #105,388
  • Dec 24, 2011 11:27am Dec 24, 2011 11:27am
Quoting stockEX
Hello everybody, I have spend a lot of time on this thread lately and been trying to use the method described here for my trading.So far I am only screening for trades that would meet the criteria but its hard to find the A+ trades with so many new rules and informations to be considered.Can anyone help me to find a starting point for this? Maybe I should only watch priceaction at first?Or pivotzones?Or should I keep using both?

Thanks in advance.
Hey Stock

Keep it simple as said above. Over time the tools will be integrated more as you begin to learn to use and spot them. You could start real basic and simple(and what I recommed) by looking for BIG nice outside bars/pinbars/DBHLC/DBLHC at clear clean swing points. You may want to look for them only at double tops and bottoms with divergence. Or maybe only off MAJOR PPZ. Just keep it very basic and then as you go you can expand your reptoire out and it becomes second nature. I think the best thing most people could do is take 2-3 trades a month of big bars as described above. If your patient for the good ones, it will change your outlook on things very quickly

Happy holidays and a happy new year!
Mike
  • #105,389
  • Dec 24, 2011 12:06pm Dec 24, 2011 12:06pm
Happy Christmas to all!!
Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #105,390
  • Dec 24, 2011 2:39pm Dec 24, 2011 2:39pm
Happy Christmas guys, thanks for share your advices !
  • #105,391
  • Dec 24, 2011 2:54pm Dec 24, 2011 2:54pm
Next is "New Year Resolutions" Plan them well.

B
  • #105,392
  • Dec 24, 2011 3:14pm Dec 24, 2011 3:14pm
Happy Christmas to everyone..
wonderful December with a wonderful festival..

Hope this festive season brings lot of Gifts,Happiness,Wealth at everyone's doorsteps!!


http://1.bp.blogspot.com/_b5VwY4Z-EX..._christmas.jpg
  • #105,393
  • Dec 24, 2011 4:14pm Dec 24, 2011 4:14pm
I wish all of you and your families a very,very Marry Christmas and a Happy New Year !
Nothing personal,just business
  • #105,394
  • Dec 24, 2011 5:21pm Dec 24, 2011 5:21pm
Merry Christmas to James and the rest of the crew. I'm trying to lock down a good paying job so I can build up that large account that you're always talking about buddy. Take care!
"Don't trade to trade . . . trade to win." - James16
  • #105,395
  • Dec 24, 2011 5:51pm Dec 24, 2011 5:51pm
A politically incorrect MERRY Xmas to all.

Where would Xmas be without being Merry?
  • #105,396
  • Dec 24, 2011 10:58pm Dec 24, 2011 10:58pm
Merry Christmas!
Penguin here.
I've been meaning to update my J16 experiment for any who were interested:

Again, I've started demoing J16 method again since the beginning of July this year (although I've been practicing long since then). I trade only the daily charts and usually only look at the charts once a day at the daily close.

Results?

I've taken 29 trades, and won on 20/29 of those (Approximately 70%). Most of them were J16 based. My average loss was bigger than my average win, but I ended up profitable.
5 of the losers were not J16 based.

Analysis of the 4 J16 losers:
Ignored a major trendline.
Ignored traffic (2x).
Took a pinbar after a huge downswing.

One thing I think I could improve on is holding on to winning trades. Sometimes I would take really great bars and get out at the first target area only to watch it go 3x that far.

So all in all I really think it's possible to get a 95% win rate, and my goal for next year will be 80%. I'll be going live in January.

So again thanks to all those who've provided help here. Just thought I'd share. Stick to the dailies!
  • #105,397
  • Dec 25, 2011 12:36am Dec 25, 2011 12:36am
merry christmas and happy holidays to all my friends that I have gotten to meet and the new faces I will surely get to meet in the future

Wish you all the very best in life

Best
Mike
  • #105,398
  • Dec 25, 2011 1:31am Dec 25, 2011 1:31am
I wish you all very merry Christmas and a happy and successful year ahead.

Gp
  • #105,399
  • Dec 25, 2011 5:37am Dec 25, 2011 5:37am
Merry Christmas to all of you guys !
Wish you warm and happy celebration !
Be healthy and let Santa bring you a bag of pips
  • #105,400
  • Edited 6:16am Dec 25, 2011 5:57am | Edited 6:16am
Merry Christmas and Happy New Year to everyone . .

I plan to be more active here in 2012 . .I know I haven't been here very much in the last few months . .

. .so until then . .the best to all of you and yours . .


Jim
Indicators show the past. Price Action "Indicates" the future.
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