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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

  • #117,141
  • Sep 3, 2012 7:53am Sep 3, 2012 7:53am
Quoting Chanya
OOOOO , Sounds like a assumption ,

Does supply and demand provides stoploss this Tight ??? My average Stoploss is 25-30 pips ... Average supply and demand trader stoploss is way bigger unless you are trading 2 min time frame as Sam seiden ...

PBT method is not subjective AT ALL ... No guess work ... Can a supply and demand trader claim that ???

Show me a ranging market where this method did not work ... Its a challenge ...

What is a winning percentage of a supply and demand trader ??? Is it 90 % ??? My last month winning percentage...
I agree it works great. Tons of advantages.

I would say S&D stops are really time frame dependent. Definitely wouldn't want to trade using the Weekly or Daily levels as the stops are huge! Even some 4 hour levels need refining.
  • #117,142
  • Sep 3, 2012 7:54am Sep 3, 2012 7:54am
accept my appologies to give my opinion about the nuclear stuff you are debating guys..my broker doesnt provide euro,sek but looking @the chart i can have some observations..first the trend is going up and it formed dblhc.then it raised to 83360 and it created a false break out of the resistance then it retested the dblhc and created a buob, and by looking @ this formations i can say it is a swing failure or 123 pattern supported by a buob and abreakthrought so what the idea behind selling then if we know that price created already a low +hight+ hl ?
  • #117,143
  • Edited 8:36am Sep 3, 2012 8:00am | Edited 8:36am
Quoting Chanya
Controversial Post . Was not a good Idea ... Removed it ...

o.O Are you taking be as winning trades - or you really meant that this 19% is loses + be ??

I don't think he meant supply and demand as method - more like a point of view (supply turning demand etc.)...in the end - we basically doing this same as Mike, James, but a little different We are more like...hmm...snipers - to the pip - aim - and BAMM!!!
  • #117,144
  • Sep 3, 2012 8:12am Sep 3, 2012 8:12am
Quoting Magestic
Mike, don't you consider that kind of scenario (short), which is trading into space.
Hey M

Absolutely, I would prefer a pattern to form and a breakout to the upside(which is space when trading out of a breakout by the nature of breaking from a pattern). OR as you showed price getting back under this PPZ and turning into resistance

The only thing we have to watch out is the BRN of 1.5 sits just below us.

Another great area is if price retests the last swing high at 1.55. So we have a lot of good places to watch


Best
Mike
  • #117,145
  • Sep 3, 2012 8:13am Sep 3, 2012 8:13am
Quoting lehmann
Hi Mike, what will make you trigger your entry on this one (PRGO on the WEEKLY). Will the BEOB be enough or are you looking for a break out of the box with or without any PA now we have the divergence supporting it also..

thanks

Lehmann
Hey L

I have a pending sell on a retracement which is something a bit more advanced. You could also be looking to trade a berak of the BEOB low outside of the wedged area as well.

The BEOB is our PA


Best
Mike
  • #117,146
  • Sep 3, 2012 8:26am Sep 3, 2012 8:26am
Hy guys,

I'm back after a while (5 weeks vacations I had to take before being fired - I guess I'll have some time to practice ).

Trying to get things working properly, but it seems it ain't as easy as first thought...

Anyway, I'd love to hear your opinion about the following chart (Gold):

- Is the arrow'ed bar considered as a BUOB? fully engulfs the previous one(s), but its body does not engulf the body of the previous bar...
- If so, hughe BUOB encompassing multi bars and reaching a PPZ / D1 HCR at 1690.
- In an up trend, after short retracement, ie at minor swing low.
- If breaks (or close above?) 1695, would expect price to reachFTA at 1710.


Gotta take care of my daughter, she's getting hungry
Attached Image (click to enlarge)
Click to Enlarge Name: 2012 09 03 gold d1.gif Size: 12 KB
Slow & steady
  • #117,147
  • Sep 3, 2012 8:28am Sep 3, 2012 8:28am
Quoting patapouer
Hy guys,

I'm back after a while (5 weeks vacations I had to take before being fired - I guess I'll have some time to practice ).

Trying to get things working properly, but it seems it ain't as easy as first thought...

Anyway, I'd love to hear your opinion about the following chart (Gold):

- Is the arrow'ed bar considered as a BUOB? fully engulfs the previous one(s), but its body does not engulf the body of the previous bar...
- If so, hughe BUOB encompassing multi bars and reaching a PPZ / D1 HCR at 1690.
- In an up trend, after...
Hey P

Sorry to hear about your job :/

Remember we want to learn BUOBs at swing lows first, this is up at a swing high(you are correct this is a BUOB though).

The problem here is really not a whole lot of information on how to play it at this continuation point. It's sort of just sitting there. I think these get people into trouble unless they just shoot off. 1700 BRN is looming not too farand is a PPZ on the weekly chart.

Good luck P

Mike
  • #117,148
  • Sep 3, 2012 8:30am Sep 3, 2012 8:30am
Quoting Chanya
Controversial Post . Was not a good Idea ... Removed it ...

Originally Posted by Chanya
OOOOO , Sounds like a assumption ,

Does supply and demand provides stoploss this Tight ??? My average Stoploss is 25-30 pips ... Average supply and demand trader stoploss is way bigger unless you are trading 2 min time frame as Sam seiden ...

PBT method is not subjective AT ALL ... No guess work ... Can a supply and demand trader claim that ???

Show me a ranging market where this method did not work ... Its a challenge ...

What is a winning...
Not only was it controversial but it was also bullshit.

I'm not saying one method is better than any other but one must have ones facts straight.

And 20-30p SL is nothing special m8. Really.

All i was saying originally is that if 1 *experienced* person is getting publicly confused then there will be many more silently struggling, and putting out the idea to switch back to original J16 or something else for that one person.

Not knowing where SD clusters are is suicide btw.
  • #117,149
  • Sep 3, 2012 8:32am Sep 3, 2012 8:32am
Quoting mbqb11
Hey P

Sorry to hear about your job :/

Remember we want to learn BUOBs at swing lows first, this is up at a swing high(you are correct this is a BUOB though).

The problem here is really not a whole lot of information on how to play it at this continuation point. It's sort of just sitting there. I think these get people into trouble unless they just shoot off. 1700 BRN is looming not too farand is a PPZ on the weekly chart.

Good luck P

Mike
Hi Mike,

You're fast, mate

thanks for your reply.
I'll take some time working on charts again....
Slow & steady
  • #117,150
  • Sep 3, 2012 8:32am Sep 3, 2012 8:32am
Quoting patapouer
Hy guys,

I'm back after a while (5 weeks vacations I had to take before being fired - I guess I'll have some time to practice ).
Oh man, this sucks. I'm sorry for that. But you've found the right thread to make this thing work. Just follow Mike's and the other experienced trader's advice, read/demo as much as you can, be persistent and you'll get there.

All the best for you and your family
Hans
Thanks J16, Sam Seiden, Udine and Jacko
  • #117,151
  • Sep 3, 2012 8:35am Sep 3, 2012 8:35am
Quoting DaGrizlyBull
What do you guys think of this? I noticed Mike's concepts go well with Jaroo's PBT concepts. (Trendline touches become LCS s ). After all, PA is PA and all should go along smoothly, right?

I would have entered on the retest of the last touch of the TL (LCS) when the PBT CB occured, then manage my trade watching those next TL touches, all the way down to the assumed target of the H&S pattern.

I don't know where i should have placed my stop. Above the TL , or all those previous bar's highs?

Attachment
Absolutely man! I like your thinking
You just need to get good at it. It's all the same after all, just a slightly different angle
I believe once you get good at the overall stories, entry is just the set of rules to calculate your position and stop... and to help managing the trade
  • #117,152
  • Sep 3, 2012 8:37am Sep 3, 2012 8:37am
Quoting Rust
Absolutely man! I like your thinking
You just need to get good at it. It's all the same after all, just a slightly different angle
I believe once you get good at the overall stories, entry is just the set of rules to calculate your position and stop... and to help managing the trade
Bingo Rust

It's all good stuff guys, concepts(their are a LOT of them) are important

Then what I say is to get good and consistent it's blending these concepts James has showed us. We all just put our spin on it when we feel more complete as a trader.

If you are new coming to this thread, start at post 1 get your footing under you. THen you will see there are many ways and approaches to this.

Touch trades, retracement entries, break entries, breakout patterns, price flips, confluence, the list is long. Also everyone who is new take it slow this is not a race. It's a nice long marathon and DEMO trading is where you want to start. Nothing comes over night in this business. We must never forget that

And enjoy it too!

Mike
  • #117,153
  • Sep 3, 2012 8:41am Sep 3, 2012 8:41am
Quoting beebolbod
Not only was it controversial but it was also bullshit.

I'm not saying one method is better than any other but one must have ones facts straight.

And 20-30p SL is nothing special m8. Really.

All i was saying originally is that if 1 *experienced* person is getting publicly confused then there will be many more silently struggling, and putting out the idea to switch back to original J16 or something else for that one person.

Not knowing where SD clusters are is suicide btw.
The best method is the one, which fits you

But I have to disagree with you in one thing - average sl 20-30 is really something on D1...I don't think it's easy achievable consistently using ppz and pinbars/outside bars - well I couldn't
  • #117,154
  • Sep 3, 2012 8:42am Sep 3, 2012 8:42am
Quoting beebolbod
............
Hey bee,
how are you doing man Thought you made some millions and quit speaking with normal guys anymore hehe
Glad to see you again .
  • #117,155
  • Sep 3, 2012 8:45am Sep 3, 2012 8:45am
Quoting Rust
Hey bee,
how are you doing man Thought you made some millions and quit speaking with normal guys anymore hehe
Glad to see you again .
hey m8... nah i'm still a learner bee and always happy to see you guys here. Life is too up and down right now to quit job and trade full time. Just been hanging out at a different site these days.

Loving the pitka btw! great term and something i'll always remember!
  • #117,156
  • Sep 3, 2012 8:53am Sep 3, 2012 8:53am
Hey Beebolbod Caught you .... Have you been doing research for our homework! See you later today I hope !

Quoting beebolbod
hey m8... nah i'm still a learner bee and always happy to see you guys here. Life is too up and down right now to quit job and trade full time. Just been hanging out at a different site these days.

Loving the pitka btw! great term and something i'll always remember!
Trading Consultants Inc JJG
  • #117,157
  • Sep 3, 2012 8:57am Sep 3, 2012 8:57am
Quoting rafstraszek
The best method is the one, which fits you

But I have to disagree with you in one thing - average sl 20-30 is really something on D1...I don't think it's easy achievable consistently using ppz and pinbars/outside bars - well I couldn't
Agree on both counts really. Playing solely D1 and using no lower TF for entry then 20-30 is good.
I'm just used to going into M1/M5 for entries these days. 20 is a lot there.

And actually i should add a lot more volatile and susceptible to failure so a very personal and tricky thing to do.
  • #117,158
  • Sep 3, 2012 9:08am Sep 3, 2012 9:08am
Quoting Turtle Man
Hey Beebolbod Caught you .... Have you been doing research for our homework! See you later today I hope !
hehe.... i've been waiting on ECB reaction.... EU slow all day. Scalped about 4% earlier but it's slooooowwwwww.
  • #117,159
  • Sep 3, 2012 9:11am Sep 3, 2012 9:11am
Quoting HanSolo
Oh man, this sucks. I'm sorry for that. But you've found the right thread to make this thing work. Just follow Mike's and the other experienced trader's advice, read/demo as much as you can, be persistent and you'll get there.

All the best for you and your family
Hans
well, 5 weeks off was pretty cool
and the job was getting on my nerves... so I'd better change anyway.

It gives me the opportunity to allow some time to demoing

keepin' it positive

thanks for your kind words!
Slow & steady
  • #117,160
  • Sep 3, 2012 9:35am Sep 3, 2012 9:35am
Attached Image (click to enlarge)
Click to Enlarge Name: cxbx.gif Size: 16 KB


Hi,Jarroo! I have a question for you! On the basis of your trade you would buy on a pullback to the re-test any of these 2 level? if not, why not?
Thanks in advance for your reply.
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