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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

  • #116,181
  • Aug 23, 2012 3:30pm Aug 23, 2012 3:30pm
Quoting SlapShot
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?
hey SS

Yep we sure can. THat's what I did with the above 2-3 bars. The location is always key

Best
Mike
  • #116,182
  • Aug 23, 2012 3:59pm Aug 23, 2012 3:59pm
Quoting PhAnTi'
whoever is interested in my strategy :

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

also a lot of J16 stuff...

regards,
Jonas
Hey Jonas - you are one of the good guys mate. i read your Supply/Demand ebook last night - great stuff. Thanks for this one as well .. looking forward to reading it.

"As you slide down the banister of life, may the splinters never point in the wrong direction!"


Cheers..
  • #116,183
  • Aug 23, 2012 4:39pm Aug 23, 2012 4:39pm
Hey PBT team - look at cadjpy weekly, we had pbt&ca two weeks ago, and now price is coming back...but this huge red candle does not give me confidence... I don't know - I'd like to hear opinion someone more experienced...
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  • #116,184
  • Aug 23, 2012 4:42pm Aug 23, 2012 4:42pm
Quoting dabbledave
If you read the thread from the start you would have noted that James16 always likes to take profit on half his posi early and move stops to b/e even if it means getting stopped out. He HATES seeing a winning trade, however modest, turn into a loss-making trade. And he considers breakeven a win. That philosophy appeals to my conservative instincts :-)
Congrats - you had a BE trade.

I moved my stop 0.99075. If only to lock in *some* pips, as I am hoping that level has been cleared by the market and we can move on up.

I can understand the concept of a BE trade being a winner. On one hand I get this - but on the other hand must have a certain level of faith in the setup and not quickly to put stops to BE?

Or else why not put stops 1 pip away on every trade?
  • #116,185
  • Aug 23, 2012 4:43pm Aug 23, 2012 4:43pm
I will trade this if get filled -
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all is eternal - this is good news for people who loves bad news
  • #116,186
  • Aug 23, 2012 5:04pm Aug 23, 2012 5:04pm
Hey guys,

I've never dedicated myself to rollover interest of the brokers, has somebody a formula or a calculator to calculate these costs?

I'm just curious as I watched for Jim's PA patterns on monthly charts on all the pairs that OANDA gave me in MT4. I only made a rough estimate of it and one would have been rewarded with several thousand pips in the last year for only taking a handful of trades (or two handful) which sounds very good to me.
  • #116,187
  • Aug 23, 2012 5:13pm Aug 23, 2012 5:13pm
Quoting CarFriGau
Hey guys,

I've never dedicated myself to rollover interest of the brokers, has somebody a formula or a calculator to calculate these costs?

I'm just curious as I watched for Jim's PA patterns on monthly charts on all the pairs that OANDA gave me in MT4. I only made a rough estimate of it and one would have been rewarded with several thousand pips in the last year for only taking a handful of trades (or two handful) which sounds very good to me.
Hey Car

Be sure to consult the broker website you are interested in. Brokers offer different swap rates and ways of calculation. THey should have it listed on their site though

Best
Mike
  • #116,188
  • Aug 23, 2012 5:15pm Aug 23, 2012 5:15pm
this one already working nicely.
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all is eternal - this is good news for people who loves bad news
  • #116,189
  • Aug 23, 2012 5:26pm Aug 23, 2012 5:26pm
Quoting mbqb11
Hey Car

Be sure to consult the broker website you are interested in. Brokers offer different swap rates and ways of calculation. THey should have it listed on their site though

Best
Mike
Didn't know they use different ways of calculation, thought they would all use the same. Thanks.

I found one on OANDA but this one always gives me a positive amount. I think I should contact them manually.
  • #116,190
  • Edited 6:10pm Aug 23, 2012 5:41pm | Edited 6:10pm
Quoting rafstraszek
Most of us (probably including Chanya) will do nothing. But either way - 30+ in PBT & CA/B trade is probably after fta - so trade is be in most cases.


There are different schools how to react for news, but if I recall correctly James teaches us to not pay attention.
Would you say in general for J16 that +30 is usually at BE as well, or just with the PBT method? I always question whether I time my move to BE well or not

EDIT: sorry didnt realize how old this post was, thought I was getting caught up on what I missed but was reading waaay back lol
  • #116,191
  • Aug 23, 2012 6:03pm Aug 23, 2012 6:03pm
Quoting meshka
this one already working nicely.
Hi.
You have a strong resistence level very very close!
Look to this weeakly chart
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  • #116,192
  • Edited 6:20pm Aug 23, 2012 6:07pm | Edited 6:20pm
Quoting deltaskelta
Would you say in general for J16 that +30 is usually at BE as well, or just with the PBT method? I always question whether I time my move to BE well or not
Well I was referring to PBT, in james16 (pa) stop losses are generally bigger, and (imho) price need more space to move. When I trade pinbars etc. I move to be on more major lvl, than when I trade PBT. In PBT trade as fta I take (almost every time) the nearest high/low. In james16 trades fta are swings. Usually, not always of course...

Normal trade are...hmm...less accurate than PBT. You trade more on ppz than clear lvl...It's hard to express my thoughts...I was never good at explaining things...
  • #116,193
  • Aug 23, 2012 8:58pm Aug 23, 2012 8:58pm
Quoting meshka
I will trade this if get filled -

I wonder if it will come back that far as, we have these two monthly swing points within 3 pips of each other. Also, these boxes on the daily look strong.

Interesting to watch what it does.
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  • #116,194
  • Aug 24, 2012 3:53am Aug 24, 2012 3:53am
This did not gave me the chance on the way up so I am showing it on the way down how its done ...

Gave stop loss a little more space now ... A little above BE ...
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Human
  • #116,195
  • Aug 24, 2012 6:09am Aug 24, 2012 6:09am
Chanya, comment please on a situation after GBPUSD steam.

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  • #116,196
  • Aug 24, 2012 6:24am Aug 24, 2012 6:24am
AUD/JPY

on daily we have an decreasing momentum and break of the TL, on weekly is building a nice BEOB...mike would love this one (or punish me for a silly trade )

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  • #116,197
  • Aug 24, 2012 6:36am Aug 24, 2012 6:36am
EUR/AUD

a nice area to looking for shorts now...nice PPZ, lets see how the daily candle will close...

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  • #116,198
  • Aug 24, 2012 6:40am Aug 24, 2012 6:40am
CHF/JPY

another yen pair on the way down...very nice trend, third touch of TL, the pair is making lower highs and lower lows...i`ve entered after the BEOB on daily

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  • #116,199
  • Aug 24, 2012 6:48am Aug 24, 2012 6:48am
Quoting SlapShot
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?
Hi SlapShot, remember not only to convert the bars you are trading but all the bars that are relevant for the setup, e.g. the bars that make the BEOB AND the bars it encompasses. I made this mistake in the beginning.

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 ...


Quoting Slider20
Hello all,

I've been lurking here and on the PF for a couple months now and think I'm ready to participate now.
Hey Slider, I'm looking forward to see you here. Happy trading!
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,200
  • Aug 24, 2012 6:51am Aug 24, 2012 6:51am
SILVER

anybody on WL? looks interesting...TL, bearish IB and 38.2 Fib retrace

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