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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

  • #107,801
  • Feb 22, 2012 8:30pm Feb 22, 2012 8:30pm
Now waiting for pullback please
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  • #107,802
  • Edited 9:36pm Feb 22, 2012 8:33pm | Edited 9:36pm
Recenty i have been posting charts with entries based on no bar confirmation. These are more advanced techniques but lests be honest. Like everything else we do here its still pretty darn simple.

It doesnt really matter what i post because your not supposed to be trading UNTIL YOU HAVE FOLLWED AND FINISHED THE INSTRUCTIONS GIVEN IN POST ONE OF THIS THREAD.

A few will listen and follow my advice but most wont.

If you will just get really good at being disciplined in your selection of trades based on our material you are virtually garaunteed to be able to build a trading account.

If you have an account size that enables you to take only 2 or 3 trades a month and have those equal 50 to 100 pips then your almost home free.

Sorry to those of you with small accounts. I dont tell you what you want to hear.

Im speaking from experience.

When 50 pips equals your old yearly salary AND YOU KNOW THE J16 STUFF YOUR DONE WITH YOUR JOB.

Now is that 50 pips set in stone? no. is that 2 or 3 trades set in stone? no.

Your better off staying on demo for 5 years while you save 100 grand (or whatever that number needs to be for you)rather than trying to build a 250 account.

Been there and done that.

I personally could not do it. 8 years of hell. It all changed for me when the account size and what it could do really meant something.

JIM
  • #107,803
  • Feb 22, 2012 8:36pm Feb 22, 2012 8:36pm
CHARTS
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  • #107,804
  • Feb 22, 2012 8:39pm Feb 22, 2012 8:39pm
Quoting hometrading
Now waiting for pullback please

I like this one better, homet. . . Some nice bullish PA at the .8400 would be nice . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,805
  • Feb 22, 2012 8:39pm Feb 22, 2012 8:39pm
CHARTS
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  • #107,806
  • Feb 22, 2012 8:52pm Feb 22, 2012 8:52pm
Quoting hometrading
Took this trade 1 hour ago, looking good thus far. Will watch for PA when it gets to FTA to decide if I take of part of trade, definetely move stop to BE.
Took this trade too based on nice 1hr Pin at 150 ema and daily LCS confluence. The oanda feed is showing the top of the pin bar broken so I believe I'v been stopped out already.
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  • #107,807
  • Feb 22, 2012 8:56pm Feb 22, 2012 8:56pm
Quoting jarroo
Looks good thermo, .. ..great target .9000 BRN, PPZ level.
Thanks Jarroo. Will keep an eye on it.
  • #107,808
  • Feb 22, 2012 10:38pm Feb 22, 2012 10:38pm
Quoting meshka
I would like this break with retest and 500 pips approx for my bankroll
The EurAud does have that potential . . .I like your story, meshka..
Indicators show the past. Price Action "Indicates" the future.
  • #107,809
  • Feb 22, 2012 10:54pm Feb 22, 2012 10:54pm
Quoting equivestor12
Took this trade too based on nice 1hr Pin at 150 ema and daily LCS confluence. The oanda feed is showing the top of the pin bar broken so I believe I'v been stopped out already.
Hey, equivestor.
I think the bar you took on the 1 hr AUD/NZD wasn't techically a pinbar, but let's just say it was, it was actually heading toward a huge ppz I had marked on my chart around 1.2800. Look at how many times price has been rejected from the 1.2800 since 2008. Maybe this could have kept you out of that trade. Don't take my word for granted, though, as I still have a long way to go myself. Let's see if any of the seniors say anything about it.
Best regards,
William
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  • #107,810
  • Feb 22, 2012 10:58pm Feb 22, 2012 10:58pm
Quoting jarroo
The alert works good . . . I'm still checking it out. .Thanks again.

Well we still have to remember that these are higher TF levels, so they potentially can provide a bigger move.

We have a Daily PB , which I forgot to mention . .how great of an entry you had when you entered on a 30 min PB that turns into a Daily PB . . . .all off the same Weekly level.

Its not too surprising that these PBs were formed because of this strong Weekly Swing point once PBT&CA . . .now let's see if that PB will break . .


Jim

We are rocking Pinbar . . lol . .
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Indicators show the past. Price Action "Indicates" the future.
  • #107,811
  • Feb 22, 2012 11:14pm Feb 22, 2012 11:14pm
Quoting jarroo
Interesting . .Price still can't close below this level on the Daily . . . still Support. Should be fun to watch. .
There was a PB on the weekly at fib 38 forming a LH (I know it wasn't the perfect PB). Now on the daily a LH was confirmed and a LL is almost there if we look at the line chart.
I'm waiting for the marked up scenario on my daily chart or close to it.
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Sniffing Snake's Tracks...
  • #107,812
  • Feb 22, 2012 11:26pm Feb 22, 2012 11:26pm
Quoting FX.Sniffer
There was a PB on the weekly at fib 38 forming a LH (I know it wasn't the perfect PB). Now on the daily a LH was confirmed and a LL is almost there if we look at the line chart.
I'm waiting for the marked up scenario on my daily chart or close to it.

Hey Sniffer,

Hey I can see Price moving up to that PPZ level and continuing down . .absolutely.

But I see this Daily Lowest Close of Support level in the way . since Price Broke Through & Closed Below. I guess will see how strong those Weekly levels really are . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #107,813
  • Feb 22, 2012 11:32pm Feb 22, 2012 11:32pm
Quoting jarroo
Hey Sniffer,

Hey I can see Price moving up to that PPZ level and continuing down . .absolutely.

But I see this Daily Lowest Close of Support level in the way . since Price Broke Through & Closed Below. I guess will see how strong those Weekly levels really are . .

Jim
It worked out on the 4 Hour on the first time back but now it looks like we're heading up. Well have to see where the 4 Hour closes to really be sure.
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Indicators show the past. Price Action "Indicates" the future.
  • #107,814
  • Feb 22, 2012 11:57pm Feb 22, 2012 11:57pm
Quoting jarroo
It worked out on the 4 Hour on the first time back but now it looks like we're heading up. Well have to see where the 4 Hour closes to really be sure.
I agree. BTW cool new abbreviations
Sniffing Snake's Tracks...
  • #107,815
  • Edited 3:36am Feb 23, 2012 2:37am | Edited 3:36am
Quoting jarroo
The alert works good . . . I'm still checking it out. .Thanks again.

Well we still have to remember that these are higher TF levels, so they potentially can provide a bigger move.

We have a Daily PB , which I forgot to mention . .how great of an entry you had when you entered on a 30 min PB that turns into a Daily PB . . . .all off the same Weekly level.

Its not too surprising that these PBs were formed because of this strong Weekly Swing point once PBT&CA . . .now let's see if that PB will break . .


Jim
There she blows.

Yes, Jim exactly as you say, the daily PB was what I wanted to see form and break today, as it just has.

Gaining much more confidence in these levels, due to your teachings.
A week or so ago, I thought I was losing my mind staring at charts and lots of lines, felt totally disconnected from the charts. A rest and taking a few hours off seems to have put things back into perspective with a little more clarity than before.


PS: The only way I could hold onto this M30 PB through the drawdown, was with what J16 taught us, "This is Critical", it allowed me to take off enough profit at the FTA to be at BE without actually moving the SL to the physical Entry Point, where it would have taken me out. Great Stuff folks.


Many thanks Jim

Glad to hear you like the alert, thought it would be just up your street.\
I would like to get my hands on the MQ4 file so that, we can alter some things.
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  • #107,816
  • Feb 23, 2012 5:19am Feb 23, 2012 5:19am
Quoting Pinbar
There she blows.

Yes, Jim exactly as you say, the daily PB was what I wanted to see form and break today, as it just has.

Gaining much more confidence in these levels, due to your teachings.
A week or so ago, I thought I was losing my mind staring at charts and lots of lines, felt totally disconnected from the charts. A rest and taking a few hours off seems to have put things back into perspective with a little more clarity than before.


PS: The only way I could hold onto this M30 PB through the drawdown, was with what J16 taught us,...
Nice entry PB! like it!!!

jon
PATIENCE... DISCIPLINE
  • #107,817
  • Feb 23, 2012 5:34am Feb 23, 2012 5:34am
Quoting Pinbar
I would like to get my hands on the MQ4 file so that, we can alter some things.
I wish it worked in every window. I dont get alerts from pairs i'm not looking at already.
  • #107,818
  • Feb 23, 2012 5:37am Feb 23, 2012 5:37am
Quoting g_j_hook@yah
Nice entry PB! like it!!!

jon
Thanks Jon, it is sinking in slowly.

I would like to see this hourly bar close as a BUEOB , above the 365.
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  • #107,819
  • Feb 23, 2012 5:42am Feb 23, 2012 5:42am
Quoting beebolbod
I wish it worked in every window. I dont get alerts from pairs i'm not looking at already.

I get alerts for every pair it is setup on, whether I am looking at the window or not.

See, I have an EU chart open in full screen and a USD/CAD popup
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  • #107,820
  • Feb 23, 2012 6:05am Feb 23, 2012 6:05am
Quoting Pinbar
I get alerts for every pair it is setup on, whether I am looking at the window or not.

See, I have an EU chart open in full screen and a USD/CAD popup
Excellent.... something wrong my end then, thanks PB...
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