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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

  • #110,981
  • Apr 30, 2012 7:33am Apr 30, 2012 7:33am
Quoting Chanya
I took this NZD CHF H4 massive confluence Pinbar last night at the opening of the week .

1 ) Its a PINBAR , not the best looking one , but still .

2 ) Retest of the broken Daily ( Or H4 ) trend line .

3 ) Massive PPZ

4 ) Both Ema's 150 and 365 together . ( First time back )

5 ) 38.2 Fib .

Cannot get any better then this can it >???? Lets see where it takes me !
where are you targeting?
  • #110,982
  • Apr 30, 2012 7:48am Apr 30, 2012 7:48am
It seems, that bullish PA i wanted, is just appearing... AUDCAD
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  • #110,983
  • Edited 10:18am Apr 30, 2012 7:51am | Edited 10:18am
Quoting beebolbod
where are you targeting?
Going to take half off at the FTA , move stops to a little lower then BE and then will let it run if its willing to !!! And manage it as it goes !!
Human
  • #110,984
  • Apr 30, 2012 8:00am Apr 30, 2012 8:00am
I kindda have the feeling, that tonight there gonna be a lot of setups.
Thoughts are things
  • #110,985
  • Edited 10:00am Apr 30, 2012 9:47am | Edited 10:00am
Would be nice to have a BUOB on Wednesday with a close above 80
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Trade Smart
  • #110,986
  • Apr 30, 2012 10:37am Apr 30, 2012 10:37am
Quoting Chanya
I took this NZD CHF H4 massive confluence Pinbar last night at the opening of the week .

1 ) Its a PINBAR , not the best looking one , but still .

2 ) Retest of the broken Daily ( Or H4 ) trend line .

3 ) Massive PPZ

4 ) Both Ema's 150 and 365 together . ( First time back )

5 ) 38.2 Fib .

Cannot get any better then this can it >???? Lets see where it takes me !
Like I commented on the Google group....fantastic trade bud!

I'm still waiting for you to elaborate on your rather conservative stop placement though...

Anyways this played out exactly as you would have expected!

For all new people watching...this is all it takes folks. A SOLID PPZ and CONFLUENCE to go with it.

Its not difficult to spot these and its not difficult to trade these. What's difficult is to tame the inner demons and patiently wait for these slam dunks.



g.
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I believe . . .
  • #110,987
  • Apr 30, 2012 10:43am Apr 30, 2012 10:43am
Quoting ghous
Like I commented on the Google group....fantastic trade bud!

I'm still waiting for you to elaborate on your rather conservative stop placement though...

Anyways this played out exactly as you would have expected!

For all new people watching...this is all it takes folks. A SOLID PPZ and CONFLUENCE to go with it.

Its not difficult to spot these and its not difficult to trade these. What's difficult is to tame the inner demons and patiently wait for these slam dunks.



g.
My stop loss only looks conservative bro . As its a sell deal and the spread difference is 5 pips average , I kept the stop loss just 5 pips above the swing high at that time giving the room for the spread as well !!!
Human
  • #110,988
  • Apr 30, 2012 10:51am Apr 30, 2012 10:51am
Quoting Chanya
My stop loss only looks conservative bro . As its a sell deal and the spread difference is 5 pips average , I kept the stop loss just 5 pips above the swing high at that time giving the room for the spread as well !!!
Oh I see...

thnx for the clarification.

g.
I believe . . .
  • #110,989
  • Apr 30, 2012 1:05pm Apr 30, 2012 1:05pm
I see alot of charts of pairs that I can find on my platform. I am demo trading with FXCM. Does FXCM just not have those pairs or am I missing the tab that allows me to select more pairs to view?

Also can anyone put up a link where HCR and LCS are explained. I have the concept I think, but it is impossible to find in the thread.
The only error in the J16 trading system is operator error.
  • #110,990
  • Apr 30, 2012 1:40pm Apr 30, 2012 1:40pm
Quoting TradingTexan
I see alot of charts of pairs that I can find on my platform. I am demo trading with FXCM. Does FXCM just not have those pairs or am I missing the tab that allows me to select more pairs to view?

Also can anyone put up a link where HCR and LCS are explained. I have the concept I think, but it is impossible to find in the thread.
Hey T,

to make sure you're viewing all the available pairs your broker offers right click on the market watch window and select "show all"

Regarding the information on HCR/LCS levels Jarroo's posts will be a good point to start. His charts are always oozing with information and he talks a lot about the HCR/LCS levels. Of course they are his find.

Additionally you may want to visit my blog where I've discussed about the HCR/LCS levels and how to identify them. You can find the information in the "How I trade part" at the blog (link in the sig) under the heading "identification of HCR/LCS" levels.

And if you have questions...we're always here.

g.
I believe . . .
  • #110,991
  • Apr 30, 2012 1:48pm Apr 30, 2012 1:48pm
Thanks Ghous! Still cant find the view all on FXCM, but I just sent their customer support the request, so I am sure they will let me know. I am heading to your blog now, thanks for the help!
The only error in the J16 trading system is operator error.
  • #110,992
  • Apr 30, 2012 1:50pm Apr 30, 2012 1:50pm
Anyone have any news on Supremechaos? Its been a while since we saw his animated posts. I hope everything's ok.

g.
I believe . . .
  • #110,993
  • Apr 30, 2012 3:10pm Apr 30, 2012 3:10pm
Quoting ghous
Anyone have any news on Supremechaos? Its been a while since we saw his animated posts. I hope everything's ok.

g.
Probably nursing his birthday hangover! I hear it's a big round number

All is well as far as I know. Best to wait and hear from the man himself.

T
  • #110,994
  • Apr 30, 2012 3:34pm Apr 30, 2012 3:34pm
so many pairs in consolidation and we are beginning to see breakouts.

Here are some I am watching


gbp/jpy broke out of its range. Is aud/jpy next? I am watching. Also please refer back to some of the boxing posts so you guys can see the levels which we have been respecting

http://www.forexfactory.com/showthre...40#post5578340

we may get another re-test of the BRN of 130 and the underside of the box. I was watching for a good entry today and their were a few so-so ones but I passed on them
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nice downtrend. Price is forming a bearish flag(just like aud/jpy). Will we break down? Who knows. Notice the midpoint of these patterns and how price reacts. Also note the VBRN just above us even if price wants to go higher. Fantastic areas to watch

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this is only a few charts but I mean their are so many of these out there right now if you aren't watching them or using that information that would be nuts to me!

Mike
  • #110,995
  • Apr 30, 2012 3:42pm Apr 30, 2012 3:42pm
Quoting 5.25
Probably nursing his birthday hangover! I hear it's a big round number

All is well as far as I know. Best to wait and hear from the man himself.

T
lol you mean SC isn't the cute girl on one of his recent posts?

man i gotta get out more

Maybe I can allow my lurking to STOP, and think about how much more I can gain by opening myself NOW and start posting TODAY abd ASK somebody about a question that I've always wanted to about anything to do with the James16 group and it's methodologies

Now

Perhaps I ccan begin to feel a growing sensation to ask now or a bit sooner than I've expected

Am i speaking to you or me?? to say YES! I want to ask

whether this applies to me as a lurker and what i could do it now???? or postimmediately

To my other newbie friends - if you're new here like me and you have NOT asked a question to Mike, Jarroo or Ghous, 5.25, supremechaos, Pinbar or anybody else then you really don't know what you're missin....
  • #110,996
  • Apr 30, 2012 4:10pm Apr 30, 2012 4:10pm
Quoting fxprocessor
Hi guys - Nice PPZ on GBPJPY around the 130.00 level with a 38.2 Fibonacci retrace closely aligned. The daily candle from Friday is quite bearish so a blind entry may be risky. PA at 130.00 could be of interest though.
just my thoughts: yesterday when i was watching this chart, i thought: if this will break, then it will be monday. because on monday we mostly have big orders coming in; breakouts normally happen at frankfurt and london open.
it was something i was aware of yesterday and it came as i thought.
so just be cautious of any s/d-plays on mondays...
hth
meine augen sind die sterne
  • #110,997
  • Apr 30, 2012 4:29pm Apr 30, 2012 4:29pm
Thanks jarroo. Everyone here has been awesome so far. Having a blast learning from this thread!

Quoting jarroo
Since we are trading Daily and Weekly Price Action setups . .I would stick to the Daily and Weekly PPZ levels.

If you were to trade on the 4 Hour or Hourly . .which I don't recommend in the beginning (i.e. post 1). I would use those Daily and Weekly PPZ level on the 4 Hour and Hourly.

Daily and Weekly PPZ levels with Daily & Weekly PA is where you want to be, mbarker . . . .and welcome to the Thread . .


Jim
  • #110,998
  • Apr 30, 2012 4:33pm Apr 30, 2012 4:33pm
Hi mike , What are your reviews about the NZDCAD H4 Pin bar ???
Human
  • #110,999
  • Apr 30, 2012 4:35pm Apr 30, 2012 4:35pm
Quoting Chanya
Hi mike , What are your reviews about the NZDCAD H4 Pin bar ???
the one ghous wrote about? I couldn't have added or said one thing better than my good friend G


Mike
  • #111,000
  • Apr 30, 2012 4:40pm Apr 30, 2012 4:40pm
Quoting mbqb11
the one ghous wrote about? I couldn't have added or said one thing better than my good friend G


Mike
What ? No !!!
Not that one . Why would I ask same thing again and again . That would be DUMB

I am asking of NZDCAD H4 . The one that formed two bars back !
Human
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