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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

  • #115,741
  • Aug 17, 2012 4:09pm Aug 17, 2012 4:09pm
classic j16
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  • #115,742
  • Aug 17, 2012 7:58pm Aug 17, 2012 7:58pm
Here is one to keep an eye on.
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  • #115,743
  • Aug 17, 2012 9:39pm Aug 17, 2012 9:39pm
Quoting mbqb11
Hey G

Welcome and glad to have you

Your english is great! I am amazed when you guys say that. Better than mine that's for sure LOL

There are many ways to place our stop loss. They have advantages and disadvantages

The most basic way is above/below the bar setup. So if you have a BUOB to go long it would go below the low. This is because a BUOB is not invalidated until that low breaks.

Other stop loss placements can be using previous bar highs/lows on a retracement of the bar. Or using a fib of the bar to get a tighter stop.. Also very...
Thanks M for the quick answer!
This rule is works J16 strategy but also same rule for Jarroo's system as well???
And what about the MM? You use same position size in the counter trend as in the major trend?

Thanks!
G
Mától én vagyok a Soros!
  • #115,744
  • Aug 17, 2012 10:02pm Aug 17, 2012 10:02pm
Quoting Pinbar
Here is one to keep an eye on.
Will be watching this one Pinbar.
  • #115,745
  • Aug 17, 2012 11:16pm Aug 17, 2012 11:16pm
just trend line
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A chart helps those who can read it.
  • #115,746
  • Aug 18, 2012 2:09am Aug 18, 2012 2:09am
Quoting jarroo
I'm not "R:R" guy . .I'm a "find a great setup and see if she runs" guy.

Here are some great posts on the subject . .
Thank you very much for this, Jarroo.
I feel the walls of my mental prison just crumbling down


That R:R was making me crazy!
  • #115,747
  • Aug 18, 2012 4:58am Aug 18, 2012 4:58am
Quoting Pinbar
Here is one to keep an eye on.
Wow, very nice. Let's now wait for good bearish price action in the 1.00 area.
  • #115,748
  • Aug 18, 2012 7:12am Aug 18, 2012 7:12am
Chanya,
Do you have an ea that gets stop automatically to be at fta? If so, can you share this with me? (I think I recall you asking for this a while back but may have got mixed up with some other post). I am keen on demoing your method but I can't be at my computer all day and getting stop to be is the key for me (and everybody I guess).

I am currently demoing successfully for last few months just based on jim's teachings- they key for me is trading with small stops and getting stop to be asap- this requires CONFLUENCE (I will post an example of a trade I was nearly in tonight). I don't want to over-complicate things because Jim makes it seem so simple but your method seems to be bringing you great success so I am interested in demoing for a few months- but don't see any point without the ea mentioned above.

Many thanks
M
  • #115,749
  • Aug 18, 2012 7:28am Aug 18, 2012 7:28am
Hello,

You know me, because of my view post in this topic, but I am neewbie on this method and this thread, so first of all I want to thank everyone for help me, and special thanks for jarroo, mike, meshka and pinbar for charts and help.

Because of my friend, who said that most of traders publish only win trades, I want to put all of my trades from last week. In future I will try to post my setups (where i will be waiting for enter and why, and also my SL / TP levels, and then how i leading my positions).

So, in this week there was 9 trades. 6 with profit, 3 with loss. Because of small account I have to risk about 5% or 7%, but in this week I have 50% account reward of my trades, so in this week I will risk about 3%-5%.

My bugs:

eurgpb: didn't set be, where it has to be set be , i take loss instead of be.
nzdjpy: to small sl, i take loss instead of profit


Maybe my profits will be bigger, but like I said, I have small account and I decided to take profits and not to have open trader over the weekend.

If you have any comments, i will glad to hear it.
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  • #115,750
  • Aug 18, 2012 7:30am Aug 18, 2012 7:30am
Next charts for last post.
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  • #115,751
  • Aug 18, 2012 8:25am Aug 18, 2012 8:25am
Eid mubarik to everyone in advance ...
Human
  • #115,752
  • Aug 18, 2012 9:05am Aug 18, 2012 9:05am
Hi everyone!

Could someone tell me what mean "mike bar"?

Thanks
Mától én vagyok a Soros!
  • #115,753
  • Aug 18, 2012 9:10am Aug 18, 2012 9:10am
Quoting Rosa
Hello,

So, in this week there was 9 trades. 6 with profit, 3 with loss. Because of small account I have to risk about 5% or 7%,

If you have any comments, i will glad to hear it.
I would be very careful with that life credo. James always teaches us not to get in the trap of a small account and temptation to open bigger positions. There is a video in guest section of j16 forum (the first one as i remember) where Janes talks about small acounts phycology. His idea is realy strong. Make sure you see that. It changed my phcology.
If not up, then down, otherwise sideways :-)
  • #115,754
  • Aug 18, 2012 9:19am Aug 18, 2012 9:19am
Quoting Rosa
Hello,

You know me, because of my view post in this topic, but I am neewbie on this method and this thread, so first of all I want to thank everyone for help me, and special thanks for jarroo, mike, meshka and pinbar for charts and help.

Because of my friend, who said that most of traders publish only win trades, I want to put all of my trades from last week. In future I will try to post my setups (where i will be waiting for enter and why, and also my SL / TP levels, and then how i leading my positions).

So, in this week there was 9 trades....

Is this a DEMO account or a LIVE account, you are talking about?
  • #115,755
  • Aug 18, 2012 10:16am Aug 18, 2012 10:16am
Quoting fxgroup
This is how I see it...the first range market is acting now as support for the new one.

Yes, plus a weekly buob on my feed closing above 365 ma.
  • #115,756
  • Aug 18, 2012 10:32am Aug 18, 2012 10:32am
looking forward to a move up
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  • #115,757
  • Aug 18, 2012 10:36am Aug 18, 2012 10:36am
As it is the weekend and my new Les Paul just arrived, I thought I would post it. I love this Iced Tea color.

Sexy eh!
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  • #115,758
  • Edited 10:59am Aug 18, 2012 10:36am | Edited 10:59am
Quoting yomex_y2
looking forward to a move up
going down to H1 to observe what price was doing, lo ! there was a pin bar. what do you guys think ? On demo by the way
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  • #115,759
  • Aug 18, 2012 10:44am Aug 18, 2012 10:44am
Quoting Pinbar
As it is the weekend and my new Les Paul just arrived, I thought I would post it. I love this Iced Tea color.

Sexy eh!
Nice! How about some sound effects

g.
I believe . . .
  • #115,760
  • Aug 18, 2012 10:50am Aug 18, 2012 10:50am
Quoting ghous
Nice! How about some sound effects

g.

Still waiting for the amplifier to arrive from Beijing.

The cat seems to like posing in front of it, he thinks he is Bob Marley.
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