james16 Chart Thread | Page 5458 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #109,141
  • Mar 21, 2012 8:39pm Mar 21, 2012 8:39pm
Quoting cprao
Mike, Is the reason same for passing both the trades ?
1) GBPCHF - Attached
2) EURAUD - The one you just passed ?
yep and time of day

Best
Mike
  • #109,142
  • Mar 21, 2012 9:03pm Mar 21, 2012 9:03pm
Quoting mbqb11
yep and time of day

Best
Mike
Thank you Mike.

But one is reached both the targets - both the touch points of trendline (EURUAD)
and the other one = only touched the first touch point and struggling to reach the 2nd one though the setup is still valid (since the buob is still not taken out).
  • #109,143
  • Mar 21, 2012 9:08pm Mar 21, 2012 9:08pm
Hey everyone! I'm new around here, I've been following this thread for a while, slowly learning and getting better at trading Thanks so much to everyone that contributes, this is such a valuable thread.

I have a doubt about the eurjpy, it is clearly bullish on the daily, following a well defined trend, at the moment it came back to touch the trendline, so I was wondering if it is a good spot to buy.

However, this point also happens to be the 50% fib level of a big move (second chart attached) so maybe itīll retrace and start going down instead? And the last bar in the weekly seems like a small sort of pin bar.

Any opinions?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 43 KB
Click to Enlarge Name: eurjpyweekly.png Size: 42 KB
  • #109,144
  • Mar 21, 2012 9:08pm Mar 21, 2012 9:08pm
Quoting cprao
Thank you Mike.

But one is reached both the targets - both the touch points of trendline (EURUAD)
and the other one = only touched the first touch point and struggling to reach the 2nd one though the setup is still valid (since the buob is still not taken out).
Hey C

It doesn't have to be all or none with these. Sometimes I aim for the top sometimes, i hold, most times im looking to reduce my risk. I treat my exits like my entries, utilize the information given and try to make the best decision. Although I am sure if you pick good patterns the majority would make it to the base point of the pattern. But if I was in the euro/usd one which is what I assume you mean I would never ever be taking any kind of substantial loss at this point.

Best
Mike
  • #109,145
  • Mar 21, 2012 9:36pm Mar 21, 2012 9:36pm
Quoting mbqb11
Hey C

It doesn't have to be all or none with these. Sometimes I aim for the top sometimes, i hold, most times im looking to reduce my risk. I treat my exits like my entries, utilize the information given and try to make the best decision. Although I am sure if you pick good patterns the majority would make it to the base point of the pattern. But if I was in the euro/usd one which is what I assume you mean I would never ever be taking any kind of substantial loss at this point.

Best
Mike
Thank you Mike. I was in fact referring to GBPCHF trade.

I did not consider EURUSD trade since it was not confluenced with a BRN.
  • #109,146
  • Mar 21, 2012 10:00pm Mar 21, 2012 10:00pm
Quoting mbqb11
Hey Aslam

Welcome glad to see you digging through this head

That chart is a TBH(two bar high). James could have put two arrows to show the matching highs but he used one big arrow. Notice the highs are matching. When multi highs/lows break they are often a sign of continuation(resistance breaking).

Similar to this
http://www.forexfactory.com/showthre...7911#post17911

Again welcome and best of luck
Mike
Thanks mbqb11 for clearing me that chart...... hope to have u guiding me in future...
  • #109,147
  • Mar 21, 2012 10:35pm Mar 21, 2012 10:35pm
thats a great question. we do have a problem with that area. we have a set number of ips limit for a 24 hour period but its still rare. we usually find a way to work aroud it. it happens once a month or so.

jim

Quoting arteious
Wow thanks a lot for James to post those valuable charts.

Been a silent reader for a while and I got a question regarding the PF.

I have a dynamic ip address, and unable to obtain a static ip from my provider in my country (Singapore) for home users. As such will I be able to access the PF or will it lock me out frequently due to the ip changes. Anybody got a fix ?
  • #109,148
  • Mar 21, 2012 10:43pm Mar 21, 2012 10:43pm
nope james didnt change anything. james has been trading for 30 years and tries to teach new people a way that will help them find some early success. james does a ton of things that he cannot teach here, thats why he has the website where videos allow him to show other ways of skinning this fat cat.

lolol.

Quoting RedA
James changes the entry rule. Is there any training demo on this new entry methods?
  • #109,149
  • Mar 21, 2012 10:44pm Mar 21, 2012 10:44pm
your welcome and thank you,

jim

Quoting fafarafa
i did it
James16 thanks from the me and my mom I am not yet in the pf but i very carefully studied this thread and i realized how it's done... seems...
Attachment
  • #109,150
  • Mar 21, 2012 10:45pm Mar 21, 2012 10:45pm
welcome aslam,

take your time and follow post 1 and you will do fine.

jim

Quoting aslam
Helo every one here...

im new here on James16 chart thread. two or three years ago one of my friend's friend i met to, suggeted me the world of forex. I was studing my masters at that time. I sign up to ff but could not get things into my head.

then i startd trading and traded occasionally on demo but blown all my accounts. just recently I opened a real account with $500 ...but now i have just $345 in it...

Having lost my real money I got serious and contacted one of the guys following James16chart, the GHOUS. he is helping me to...
  • #109,151
  • Mar 21, 2012 11:06pm Mar 21, 2012 11:06pm
James,

Any luck with the new videos for non-members?

  • #109,152
  • Mar 21, 2012 11:26pm Mar 21, 2012 11:26pm
Quoting ghous
dang. the built in "expert adviser" of the james16 thread beat me to it.

g.
Thanks Ghous..... em tying to reach 100 as soon as possible..........
  • #109,153
  • Mar 21, 2012 11:32pm Mar 21, 2012 11:32pm
Quoting james16
welcome aslam,

take your time and follow post 1 and you will do fine.

jim
Hi Jim...thanks alot for to be so kind to every one here on this thread..

I have gone through all of your post-1, nd em trying to be an obedient follower.........!

Ghous has already suggested me to read the 1st 100 pages of this thread...em doing it with now on page 57....I think im improving

I have saved all of your charts..and thinking to study all them again once i complete my century (100-pages).....
  • #109,154
  • Mar 22, 2012 1:07am Mar 22, 2012 1:07am
Hi Mike or other seniors here,
Pls have a look at CHFJPY daily and H4 charts. On H4, wld intersection of trendline (with 3 touches) and longer term support at abt 91.3 (blue line) be a gd place to do TT? Concern is on daily, it printed a BEOB. Pls share your thoughts, thks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy_220312.gif Size: 15 KB
Click to Enlarge Name: chfjpy_220312_h4.gif Size: 14 KB
  • #109,155
  • Mar 22, 2012 1:24am Mar 22, 2012 1:24am
Well , Here I am
Breakout of the wedge with a nice BEOB on GOLD at 1650.
One of my very few trades this month (second actually).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24 gold h1.PNG Size: 67 KB
Click to Enlarge Name: 24 gold h1 big.jpg Size: 88 KB
  • #109,156
  • Mar 22, 2012 1:29am Mar 22, 2012 1:29am
Quoting Rust
Well , Here I am
Breakout of the wedge with a nice BEOB on GOLD at 1650.
One of my very few trades this month (second actually).
Nice one Rust. Do u usually trade BO like it is or wait for retracement back under TL?
  • #109,157
  • Mar 22, 2012 1:30am Mar 22, 2012 1:30am
Wow just few minutes later
GOLD doesn't joke
Attached Image (click to enlarge)
Click to Enlarge Name: 24 gold h1 few minutes later.PNG Size: 64 KB
  • #109,158
  • Mar 22, 2012 1:32am Mar 22, 2012 1:32am
Quoting Fx7877
Nice one Rust. Do u usually trade BO like it is or wait for retracement back under TL?
Both ways !
If I got a beautiful BEOB like this one , why wait
  • #109,159
  • Mar 22, 2012 1:35am Mar 22, 2012 1:35am
Quoting Rust
Both ways !
If I got a beautiful BEOB like this one , why wait
Laughing ur way to the bank Rust

In other words, when u get nice PA, u don't wait for retracement back to BO line? Trying to understand when u take those BO right away and when u wait for retracement...
  • #109,160
  • Mar 22, 2012 1:42am Mar 22, 2012 1:42am
Quoting Fx7877
Laughing ur way to the bank Rust

In other words, when u get nice PA, u don't wait for retracement back to BO line? Trying to understand when u take those BO right away and when u wait for retracement...
Exactly . Nice PA in this case = BUOB/BEOB or DBHLC/DBLHC . Pinbars should be after a breakout .
36 traders viewing now