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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

  • #111,001
  • Apr 30, 2012 4:44pm Apr 30, 2012 4:44pm
Quoting Chanya
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 !
ah ok , always include a chart, i answer way to many questions a day, help my dead brain out Helps others see what you are speaking about later on when they go through the thread as well


nice size bar, I see very little confluence though. Also would be trading back into the BRN of 8000 and into an overall much stronger bullish move. This pair is consolidating down as well as very choppy overall so we can't let just a bar be enough. They will chop chop you without more confluence. I like the 8000 BRN to watch for trades or watch how we wind down on the daily

Hope that helps!
Mike
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  • #111,002
  • Apr 30, 2012 4:46pm Apr 30, 2012 4:46pm
Quoting mbqb11
ah ok , always include a chart, i answer way to many questions a day, help my dead brain out Helps others see what you are speaking about later on when they go through the thread as well


nice size bar, I see very little confluence though. Also would be trading back into the BRN of 8000 and into an overall much stronger bullish move. This pair is consolidating down as well as very choppy overall so we can't let just a bar be enough. They will chop chop you without more confluence. I like the 8000 BRN to watch for trades or watch how we...
Thank You !
Human
  • #111,003
  • Apr 30, 2012 4:48pm Apr 30, 2012 4:48pm
Hey guys, random question,

Does anybody know a good live streaming forex/commodities heatmap ?

Thank you very much in advance
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #111,004
  • Apr 30, 2012 4:50pm Apr 30, 2012 4:50pm
Quoting mbqb11
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

Mike
I would like another retest of 130 BRN on GBPJPY... but it may dive straight down below 129.50 too .
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all is eternal - this is good news for people who loves bad news
  • #111,005
  • Apr 30, 2012 9:25pm Apr 30, 2012 9:25pm
Quoting meshka
I would like another retest of 130 BRN on GBPJPY... but it may dive straight down below 129.50 too .
yep we are still at a lot of crucial areas. But the boxing is still perfect here which is awesome to see. Look at how both the tops and bottoms of the boxes and midpoints(HUGELY IMPORTANT) are reacting. We need to be patient for some strong signs. At least I am trying to be

Mike
  • #111,006
  • Apr 30, 2012 9:26pm Apr 30, 2012 9:26pm
Quoting Variance
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!...
ask away!
  • #111,007
  • Apr 30, 2012 11:05pm Apr 30, 2012 11:05pm
Quoting ghous
Anyone have any news on Supremechaos? Its been a while since we saw his animated posts. I hope everything's ok.
g.
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
lololol, it's a big round number, right.

for someone who wants to live past 100 years old, i'm still depressed & severely distraught about turning 30 last month.

thanks ghous, i'm just lurking around, nursing my depressive state of mind.


Quoting Variance
lol you mean SC isn't the cute girl on one of his recent posts?
man i gotta get out more
the cute girl/s are my trading mates
  • #111,008
  • Apr 30, 2012 11:54pm Apr 30, 2012 11:54pm
Take a trade on USD/CAD

PBTCB LCS Weekly, make the first time back and go down. Price hit FTA, move SL and came back to take my SL at BE.
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  • #111,009
  • May 1, 2012 12:17am May 1, 2012 12:17am
Quoting gadogado
Take a trade on USD/CAD

PBTCB LCS Weekly, make the first time back and go down. Price hit FTA, move SL and came back to take my SL at BE.
Hello Sir,
where exactly was your entry?
we have holidays until today (May 1), so i think best move would have been taking a good size profit (or exiting 100% on your FTA) since the markets may/will not be able to make substantial moves (beyond your FTA)

it is possible u now have a good grasp of S/R. next thing to tackle is trade management. experiment & see what's best for u
  • #111,010
  • May 1, 2012 12:37am May 1, 2012 12:37am
Quoting supremeChaos
Hello Sir,
where exactly was your entry?
we have holidays until today (May 1), so i think best move would have been taking a good size profit (or exiting 100% on your FTA) since the markets may/will not be able to make substantial moves (beyond your FTA)

it is possible u now have a good grasp of S/R. next thing to tackle is trade management. experiment & see what's best for u
hi sir...

Six pips below LCS...

Thank's sir for the explanation. its means trading in holiday is trickier than ordinary day, I will take full profit or skip the setup...

True.. I still learning and improving my bad trade management and building my confident... Try to use sir jarroo Target level and SL level as my trade management...


gado
  • #111,011
  • May 1, 2012 12:39am May 1, 2012 12:39am
Quoting trc
I'm in Jim since this nice PB @ EMA 365 & PPZ go go go
That HCR level (1.0440) could not hold as Support. The Close below this level on the Daily would get you out of that PB trade and/or the other targets that Price closed below . .


Very freaking nice, trc . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #111,012
  • May 1, 2012 12:58am May 1, 2012 12:58am
Quoting Quezoy
jarroo, would you say those level are picked and drawn correctly?

With AUD/JPY I'm quite unsure how to pick them.

They look good, Quezoy . .

I also use the Close and Open of Price on the Weekly because of the damn gaps!! . .they mess up my Closes . .lol . .

I look at them as independent levels when they are at these Swing Points . .HCR/LCS levels.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #111,013
  • May 1, 2012 1:08am May 1, 2012 1:08am
Quoting gadogado
AU work great, sir... It's touched the Target Level and come back down under the HCR.

But I have cut my entry for a small loss when the first time H1 close below the HCR 1.0439. Maybe next time will work without closing below in lower TF...
There was no great signature there on the Hourly . .meaning a Hourly could not close below the Daily HCR level. . .but Price did reach its target(s) from that Daily HCR level.

Seriously gado . .for you to understand this is fantastic!! There are many who would not see this setup as a success. . .they are wrong or they don't know.

Keep at it gado . .you are doing GREAT on so many levels . .


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #111,014
  • May 1, 2012 1:13am May 1, 2012 1:13am
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.
How pretty is that . . . .that should be printed out, framed and put on a wall . . nice, g.
Indicators show the past. Price Action "Indicates" the future.
  • #111,015
  • May 1, 2012 1:19am May 1, 2012 1:19am
Quoting jarroo
There was no great signature there on the Hourly . .meaning a Hourly could not close below the Daily HCR level. . .but Price did reach its target(s) from that Daily HCR level.
Sorry, sir for my poor english. I still don't understand with those sentences... Might you make in more simple sentences... Thank's
  • #111,016
  • May 1, 2012 1:25am May 1, 2012 1:25am
Quoting gadogado
Sorry, sir for my poor english. I still don't understand with those sentences... Might you make in more simple sentences... Thank's
Sorry about that gado . . The word "Signature" is a term I use alot in the PF and I should define it . .

. .let's see . .how best to define it . .
Indicators show the past. Price Action "Indicates" the future.
  • #111,017
  • Edited 2:05am May 1, 2012 1:49am | Edited 2:05am
Quoting jarroo
Sorry about that gado . . The word "Signature" is a term I use alot in the PF and I should define it . .

. .let's see . .how best to define it . .
When I was studying this thread and learning my way through it. I would study many charts . .James16, Mike (mbqb11), Raczekfx, and many others.

I wanted to know that was the common characteristic, the common trait that these successful trades/setups had with one another.

One common characteristic or trait or Signature that these successful trades/setups had was upon entering the trade . . .no Hourly or 4 Hour bar would close below the entry, in the case of a long entry. . .this is what I call a "Signature". A signature of a successful entry. This can be applied to any setup . .not just James16's PA setups.

For a current example . .ChfJpy.

We have a Stong Support level . .Dual Action LCS level, 150 ema confluence. .TT is placed for a long at this level (87.80), targets are set and no Hourly bar can close below it. This trade has a Hourly Signature . . this trade is showing signs of a common characteristic of a successful trade. . .which it is successful . .targets hit . .
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Indicators show the past. Price Action "Indicates" the future.
  • #111,018
  • May 1, 2012 1:52am May 1, 2012 1:52am
Quoting beebolbod
Attachment
This went like clockwork....

analysis...
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Result...
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And this forms a larger QM as in the box in 1st chart (which i traded too) so this could be going down down down. Well i hope it is anyway.
  • #111,019
  • May 1, 2012 1:56am May 1, 2012 1:56am
Quoting beebolbod
This went like clockwork....

analysis...
Attachment

Result...
Attachment

And this forms a larger QM as in the box in 1st chart (which i traded too) so this could be going down down down. Well i hope it is anyway.
The trade went good . .it didn't break bad . .oopps . .inside joke on the word "clockwork".
Indicators show the past. Price Action "Indicates" the future.
  • #111,020
  • Edited 2:05am May 1, 2012 2:03am | Edited 2:05am
Quoting jarroo
When I was studying this thread and learning my way through it. I would study many charts . .James16, Mike (mbqb11), Raczekfx, and many others.

I wanted to know that was the common characteristic, the common trait that these successful trades/setups had with on another.

One common characteristic or trait or Signature that these successful trades/setups had was upon entering the trade . . .no Hourly or 4 Hour bar would close below the entry, in the case of a long entry. . .this is what I call a "Signature". A signautre of a successful...
Thanks very much sir for the value explanation and lesson, clearly understand it... saved and copied it...
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