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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

  • #116,161
  • Aug 23, 2012 10:45am Aug 23, 2012 10:45am
Mike can I ask you, on the Spanish IBEX would you have played the IB after the BEOB on maybe a break of the first trend line? Or would it be the type of set-up you wouldn't touch.

Thanks
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  • #116,162
  • Aug 23, 2012 10:51am Aug 23, 2012 10:51am
Quoting Chanya
If there are any AUD CHF fans out there , I am sorry to be the one to break this to you but I am sort of nailing it big time right now ...

Well done

Olu
If you think you can or cannot do it you are correct
  • #116,163
  • Aug 23, 2012 10:58am Aug 23, 2012 10:58am
Quoting Chanya
If there are any AUD CHF fans out there , I am sorry to be the one to break this to you but I am sort of nailing it big time right now ...
Fantastic stuff!

When is part2 of 'price breaks through' due to hit the world?
  • #116,164
  • Aug 23, 2012 11:02am Aug 23, 2012 11:02am
Quoting jarroo
Yes, that's correct and one approach . .many ways to skin a cat.

I believe we are talking about two different pairs . .the UsdChf and AudUsd.

Do you have a chart to better ask your questions, Dan. . . that would surely help.

Jim
Which approach have you found to be the best/prefer

Sorry i wasnt talking about any specific pair. It was just a hypothetical example. Any advice ?

Cheers
Dan
  • #116,165
  • Aug 23, 2012 11:22am Aug 23, 2012 11:22am
Hey guys. What should i make of this?

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I don't need easy. I just need possible.
  • #116,166
  • Aug 23, 2012 11:22am Aug 23, 2012 11:22am
Anyone looking at EURCAD?
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  • #116,167
  • Aug 23, 2012 11:32am Aug 23, 2012 11:32am
Quoting Eio
Mike can I ask you, on the Spanish IBEX would you have played the IB after the BEOB on maybe a break of the first trend line? Or would it be the type of set-up you wouldn't touch.

Thanks
I think that's a great trade, but I prefer selling a break of the BEOB just to make sure we make that new low. Your FTA and bar highs is a pretty strong shot from there with that space.

Best
Mike
  • #116,168
  • Aug 23, 2012 11:58am Aug 23, 2012 11:58am
Quoting mbqb11
I think that's a great trade, but I prefer selling a break of the BEOB just to make sure we make that new low. Your FTA and bar highs is a pretty strong shot from there with that space.

Best
Mike
Ok cool, thanks Mike.
  • #116,169
  • Aug 23, 2012 12:14pm Aug 23, 2012 12:14pm
Quoting Dan Gilbert
No, I'm playing the break that looks like it already happened... Gonna pay attention to how price reacts to that first trouble area... Will trail my stop logically as price moves.

moved my stop down to above todays current high. basic S/R move here.
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Many choose unhappiness over uncertainty.
  • #116,170
  • Aug 23, 2012 12:16pm Aug 23, 2012 12:16pm
Quoting Dan Gilbert
moved my stop down to above todays current high. basic S/R move here.
  • #116,171
  • Aug 23, 2012 1:05pm Aug 23, 2012 1:05pm
Quoting Chanya
Buddy , no formalities ... Ask anything anytime ... I don't remember when you asked me that ... Plus I dont understand exactly what you asking ??? How am I managing the trade ? Is that what you are asking /???
Hi, yes i'm asking about managing the trade.

THX.
  • #116,172
  • Aug 23, 2012 1:08pm Aug 23, 2012 1:08pm
Quoting Dan Gilbert
moved my stop down to above todays current high. basic S/R move here.
Nice trade Dan!

Always brings a smile to the face - a trade as simple as that.

g.
I believe . . .
  • #116,173
  • Aug 23, 2012 1:17pm Aug 23, 2012 1:17pm
Quoting jarroo
Dude ..you're only 21 years old?!!! damn . . Fantastic , watch out Soros .
stalker
Hero calls followed by margin calls...
  • #116,174
  • Aug 23, 2012 1:19pm Aug 23, 2012 1:19pm
Quoting Chanya
If there are any AUD CHF fans out there , I am sorry to be the one to break this to you but I am sort of nailing it big time right now ...
nice bro...but dont get greedy ...
Hero calls followed by margin calls...
  • #116,175
  • Aug 23, 2012 2:37pm Aug 23, 2012 2:37pm
Quoting RonaldinhoKuban
Where is the guest section of this video? And who is this Janes?
I don't know if this one was answered,I'm away currently,and have limited internet access,so... I meant James, aca j16. As I remember it is the first video. it length is about 1.30 hours so try several videos if this is not #1
If not up, then down, otherwise sideways :-)
  • #116,176
  • Aug 23, 2012 2:43pm Aug 23, 2012 2:43pm
Quoting millions
Haircut,
Thanks for reply. Could I just (in my ignorance) clarify a couple of points:-

1 When you say you protect your stop loss bbehind a bar high or swing point, do you regularly put the stop behind the bar which makes the breakthrough.
2 Could you clarify what placing the limit order at the fta means and how this closes the first trade. e.g. if you place a buy order at say 1.0010 and fta is 1.0050, is it a buy limit or sell limit you place at 1.0050?

Many thanks for your help.
M
Hi Millions
The stop goes behind an obvious place on the chart be it above the high of a BEOB pin bar or a swing point, ppz or round number there is normally an obvious place on the chart something that gives enough space for a retrace before going in our favour but protects us too.

the if you bought at 1.001 the limit order to close the trade would be a sell order at 1.005
  • #116,177
  • Aug 23, 2012 2:48pm Aug 23, 2012 2:48pm
Quoting dan89
Hi thanks for the reply mate, but from what i read this is just another way of playing the LCS/HCR levels where price fails to close above of below.
Im trying to understand this newer concept of Confirmation closes.
I think you are looking for something that isnt there that is what Jarroo means by a confirmation bar its one that confirms the HCR or LCS is still support or resistence. It hits the level but cannot close above or below thus confirming the level still and then you trade on the next touch. That is what a confirmation bar is Dan
  • #116,178
  • Edited 3:14pm Aug 23, 2012 3:02pm | Edited 3:14pm
whoever is interested in my strategy :

http://www.forexfactory.com/showthread.php?t=380676

also a lot of J16 stuff is contained in the e-book ..

i guess the e-book will help you understand the markets and especially the J16 concept using a trend, breakouts, trading retests etc.

hope u like it,

regards,
Jonas
Hero calls followed by margin calls...
  • #116,179
  • Aug 23, 2012 3:13pm Aug 23, 2012 3:13pm
Quoting Dan Gilbert
moved my stop down to above todays current high. basic S/R move here.
got in myself via an 8hr or 12 hr beob

Using the H&S type pattern same as yours with the huge bounce off hysterical 8000 mark
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  • #116,180
  • Aug 23, 2012 3:27pm Aug 23, 2012 3:27pm
Quoting mbqb11
got in myself via an 8hr or 12 hr beob

Using the H&S type pattern same as yours with the huge bounce off hysterical 8000 mark
Hey mike i have a more general question about combining bars. When can we do this? Can we always combine two or more bars to one pattern?

Can we combine these two bars to an DBHLC or even an BEOB?
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