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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

  • #108,481
  • Mar 6, 2012 9:38am Mar 6, 2012 9:38am
Quoting zamfir
I m with you beebolbod..i would say about 80 pips to first target...

let us wait and watch...
i would say the 150 EMA is the first FTA man.
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  • #108,482
  • Mar 6, 2012 9:39am Mar 6, 2012 9:39am
GBPUSD looking good. Bearish engulfing over 2 EMAs. what you guys think?

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FTA is real close though, for a conservative entry short below them. but from my experience, given that way dow is acting now, the trend will continue downwards.
  • #108,483
  • Mar 6, 2012 9:55am Mar 6, 2012 9:55am
Quoting fascist
GBPUSD looking good. Bearish engulfing over 2 EMAs. what you guys think?

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FTA is real close though, for a conservative entry short below them. but from my experience, given that way dow is acting now, the trend will continue downwards.
Maybe back to the line. 1.56000 wait ..
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  • #108,484
  • Mar 6, 2012 10:37am Mar 6, 2012 10:37am
lookin' good. weekly i4b straddled 90, and it is a very strong long term ppz...
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Many choose unhappiness over uncertainty.
  • #108,485
  • Mar 6, 2012 10:39am Mar 6, 2012 10:39am
Quoting mbqb11
updated chart, locked in more profit
final update on usd/jpy

been some great action in these markets
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  • #108,486
  • Mar 6, 2012 10:47am Mar 6, 2012 10:47am
Sold on the breakout of the boxed area. SL at break even and some profits taken.

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skype: ststroud. let's talk trading.
  • #108,487
  • Mar 6, 2012 10:49am Mar 6, 2012 10:49am
Quoting samurai77
Thank you Jeremy. I spent the last weekend reading the thread summary. I got your point that there is no such thing like Holy Grail in trading.

When I found this price action stuff, it's like finding HOME.

I understand that I need to learn a lot, and believe that money will come, but firstly everything must be properly set up.

Cheers,

John
Welcome John,

I would say Jeremy (MtDarkness) is right. I had subscribed to a lot of threads before and realized this is the best place to learn to become a profitable trader. Well, i learned little things in a way but i could have learned a lot more things faster if i just stayed and focused on the lessons here.

In short, TRY not to change the channel until you had mastered the J16 way.

Good Luck and Take Care,
Allan
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #108,488
  • Mar 6, 2012 11:33am Mar 6, 2012 11:33am
Guys,

the pin on AUDNZD pair is really tempting me...

what do you guys think?
  • #108,489
  • Mar 6, 2012 12:05pm Mar 6, 2012 12:05pm
Quoting zamfir
Guys,

the pin on AUDNZD pair is really tempting me...

what do you guys think?
The day is not over yet but there are def a few things against it. Right off the bat I can see the EMA and the recent strong uptrend.

For - good location and if it closes right below the 1.3 it will make it even better.
  • #108,490
  • Mar 6, 2012 12:07pm Mar 6, 2012 12:07pm
Quoting fascist
GBPUSD looking good. Bearish engulfing over 2 EMAs. what you guys think?

Attachment



FTA is real close though, for a conservative entry short below them. but from my experience, given that way dow is acting now, the trend will continue downwards.
Happy days for me....

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  • #108,491
  • Mar 6, 2012 12:12pm Mar 6, 2012 12:12pm
Quoting thermobee
The day is not over yet but there are def a few things against it. Right off the bat I can see the EMA and the recent strong uptrend.

For - good location and if it closes right below the 1.3 it will make it even better.
Yes , i m waiting for it close below 1.3...
  • #108,492
  • Mar 6, 2012 12:31pm Mar 6, 2012 12:31pm
Quoting zamfir
Guys,

the pin on AUDNZD pair is really tempting me...

what do you guys think?
Assuming bar closes as pin....

Those EMAs are a pain, i didn't spot those before.... Lets not forget though, they were blasted through on the way up without a problem. They are FTA's and things to be aware of.

There are reasons to take this trade and reasons to stay out - up to you.

We dont see many pinbars formed off BRN's so whatever people do it'll be a VERY good bar to learn from. Check weekly and monthly too so we can see what is happening there. Learn from it. I will
  • #108,493
  • Mar 6, 2012 1:19pm Mar 6, 2012 1:19pm
Quoting tyler812
Sold on the breakout of the boxed area. SL at break even and some profits taken.

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What provisions were there for a fakeout/false break?

g.
I believe . . .
  • #108,494
  • Mar 6, 2012 2:05pm Mar 6, 2012 2:05pm
Lovely....

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  • #108,495
  • Mar 6, 2012 2:06pm Mar 6, 2012 2:06pm
Thank you

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  • #108,496
  • Edited 5:23pm Mar 6, 2012 4:15pm | Edited 5:23pm
Quoting PhAnTi'
well dont sell at the demand.....one of my rules...but one below we might sell the retest
Quoting 5.25
Good area for short IMHO. 48h to go
Missed the entire move down. Price failed to retest my level.

Still interested in that lower level Jonas?
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  • #108,497
  • Mar 6, 2012 8:44pm Mar 6, 2012 8:44pm
yen short working out very well so far off a simple DBHLC. looking to get out completely at 80.50
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  • #108,498
  • Mar 6, 2012 9:00pm Mar 6, 2012 9:00pm
Quoting lananpips
Welcome John,

I would say Jeremy (MtDarkness) is right. I had subscribed to a lot of threads before and realized this is the best place to learn to become a profitable trader. Well, i learned little things in a way but i could have learned a lot more things faster if i just stayed and focused on the lessons here.

In short, TRY not to change the channel until you had mastered the J16 way.

Good Luck and Take Care,
Allan
Thanks, John. And yes, Allan is dead on. There are many ways to incorporate the J16 method into your trading style or you could try using someone else's variations. But before you do that, get familiar with the base ideas presented here before you add anything else. It is the base for everyone else's style anyways, so it will make learning (or building, in my case) another variation much easier. Not that it's hard to do.

If you haven't already, go to the James16 PF site and get the free videos. Watch them all. These are very helpful in understanding many of the aspects of how to trade PA with J16. They were for me anyhow, and I bet they will help you as well.
Currency is a joke. And that's precisely why I trade it.
  • #108,499
  • Mar 6, 2012 9:54pm Mar 6, 2012 9:54pm
Going to plan


http://my.jetscreenshot.com/11256/m_...-4vfa-91kb.jpg
  • #108,500
  • Mar 6, 2012 9:58pm Mar 6, 2012 9:58pm
Quoting MtDarkness
Thanks, John. And yes, Allan is dead on. There are many ways to incorporate the J16 method into your trading style or you could try using someone else's variations. But before you do that, get familiar with the base ideas presented here before you add anything else. It is the base for everyone else's style anyways, so it will make learning (or building, in my case) another variation much easier. Not that it's hard to do.

If you haven't already, go to the James16 PF site and get the free videos. Watch them all. These are very helpful in understanding...
Thanks Jeremy and Allan for your guides. I really need those.

Over the last couple of days I start spotting price actions on the charts. It's really changing the way I look at the market. It's like getting closer into the market psychology (and definitely that's what I am looking for). I will follow your advice to be committed to this channel before anything else.

Anyway, I need some indicators such as weekly pivot and monthly pivot (since the one I downloaded from internet shows different values) , and the one that beebolbod have on his chart that shows time of trading sessions. Please help me if you can.

Thanks and best regards,

John
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