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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

  • #118,641
  • Sep 18, 2012 7:12am Sep 18, 2012 7:12am
i think the usd jpy will made it up and not down, based on a flag and a consolidation box under the flag which can be a base of supply ,
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  • #118,642
  • Sep 18, 2012 9:13am Sep 18, 2012 9:13am
Quoting mbqb11
still holding my shorts since price has now broken the TL. At breakeven but exactly the runner was hoping for. Will watch price around the TL
Mike you are a credit to this forum and all us noobs thank you for your input it is greatly appreciated!
Thank you J16 & Trader Dante
  • #118,643
  • Sep 18, 2012 9:40am Sep 18, 2012 9:40am
Quoting chartergas
Mike you are a credit to this forum and all us noobs thank you for your input it is greatly appreciated!
glad it helps in some way C, keep at it

All credit to James though


Mike
  • #118,644
  • Sep 18, 2012 10:20am Sep 18, 2012 10:20am
Quoting mbqb11
Hey Stephen

If you look your DBHLC never broke so it technically is not a valid DBHLC until it breaks. Also I suggest zooming your charts out so you can see the size of your bars relative to other bars more clearly. In this case two very very small bar combos verse a very strong trend.

As for trades a month it varies greatly. I take what's out there , if that's 5 trades then that's fine if its 20 it's 20. I generally feel as if I am in the 10-20 range

Best
Mike
Sorry for the stupid question - but what do you mean with "DBHLC breakes" - You mean that after the "Setup" I should have waited for another red candle which goes below the nose of the red candle before?

Thank you for your patience.
It's all psychology...
  • #118,645
  • Sep 18, 2012 10:26am Sep 18, 2012 10:26am
A nicely closed pinbar formed to support my daily HCR PBT retest and H4 supply FTB sell trade from this evening ...
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Human
  • #118,646
  • Sep 18, 2012 10:31am Sep 18, 2012 10:31am
Quoting LamerTrader
Sorry for the stupid question - but what do you mean with "DBHLC breakes" - You mean that after the "Setup" I should have waited for another red candle which goes below the nose of the red candle before?

Thank you for your patience.
Hey LT

Yes a break of the bar is when the high or low(low in your case) is taken out. This confirms our setups. So if that low never breaks technically it is not a valid setup. There are many ways to enter on a break, on a close, on a retracement etc, but the break confirms our bar and is generally the starting point we tell new traders to start with so they know they are trading confirmed PA setups. I trade breaks of most of my setups as well.

Best
Mike
  • #118,647
  • Sep 18, 2012 10:45am Sep 18, 2012 10:45am
Hi all,

I read a lot regarding PBT/CA/CB/HCR/FTA and FTB...

Can anyone kindly what do all these abbreviations stand for?

Appreciate the answers and thanks everyone in advance!
Discipline is PRIMARY, Method is Secondary.....
  • #118,648
  • Sep 18, 2012 10:46am Sep 18, 2012 10:46am
Quoting Dabestone
Hi all,

I read a lot regarding PBT/CA/CB/HCR/FTA and FTB...

Can anyone kindly what do all these abbreviations stand for?

Appreciate the answers and thanks everyone in advance!
Hey D

Here are a lot of the abbreviations

http://www.forexfactory.com/showthre...57#post5442457

Best
Mike
  • #118,649
  • Sep 18, 2012 11:02am Sep 18, 2012 11:02am
Quoting mbqb11
Hey D

Here are a lot of the abbreviations

http://www.forexfactory.com/showthre...57#post5442457

Best
Mike
Thanks Mike!!

Really appreciate your help here
Discipline is PRIMARY, Method is Secondary.....
  • #118,650
  • Sep 18, 2012 11:22am Sep 18, 2012 11:22am
Quoting Chanya
A nicely closed pinbar formed to support my daily HCR PBT retest and H4 supply FTB sell trade from this evening ...
Nice Pick up Chanya.. it looks still valid.

is your stop at 68 Fib ? whats the target that you are looking for it.
Success is 1 % intelligence and 99% perseverance - Edison
  • #118,651
  • Sep 18, 2012 11:30am Sep 18, 2012 11:30am
Quoting ritesh_fx
Very True Majestic,

I just had my first two trades of J16 method and I am self amazed at my own progress and the way this trade got managed I felt so different than the usual trader in me.

I made more then 150 pips in my first two trade and most importantly it was 'Without any Stress'. Feeling so good about it.
I had never looked or thought of trading through daily timeframes earlier in my life due to its huge SL and risk factor. But its only after coming across this thread that something ( many thanks to James ) stuck to my head and I...
In my opinion the number of pips is irrelevant. What was your risk % and % gain on those trades ?

Cheers
Dan
  • #118,652
  • Sep 18, 2012 11:44am Sep 18, 2012 11:44am
Quoting moneyrunner
Hey Bullzeye, great charts, you make it look so easy and effortless - .
thanks mate

you found the right place and great people to get a superb trader

Good Luck!
  • #118,653
  • Sep 18, 2012 12:16pm Sep 18, 2012 12:16pm
Quoting dan89
In my opinion the number of pips is irrelevant. What was your risk % and % gain on those trades ?

Cheers
Dan
Hi Dan,

for AUDUSD it turned to 1:2 RR and for NZDUSD it was 1:0.4.

However, per what I read from this thread and as what I see is that if we take A+ setups (that are most times successful) then RR may not be taken that numerically as you may see above.

Further to offset, my idea is as James shared in his initial posts that would try to go BE soon after I reach some initial pips booking partial profit. This relieves physcological pressure of being in trade.

I hope can follow this further as well on ongoing basis .. as discipline.
Success is 1 % intelligence and 99% perseverance - Edison
  • #118,654
  • Sep 18, 2012 1:19pm Sep 18, 2012 1:19pm
Quoting Chanya
A nicely closed pinbar formed to support my daily HCR PBT retest and H4 supply FTB sell trade from this evening ...
Nice trade. Looks like you're at BE already. Can't ask for more.
  • #118,655
  • Sep 18, 2012 1:20pm Sep 18, 2012 1:20pm
Hey
What about AUDCHF daily?
It's propably a nice pinbar or not?
  • #118,656
  • Sep 18, 2012 1:32pm Sep 18, 2012 1:32pm
Quoting massa6000
Hey
What about AUDCHF daily?
It's propably a nice pinbar or not?
I hope it does not turn into a nice Pinbar because just above under the previous PBT&CB of LCS , I have my sell limit order ...
Human
  • #118,657
  • Sep 18, 2012 1:39pm Sep 18, 2012 1:39pm
Mike
in the chart below there as been some break above the trend line. currently there is a pinbar forming.
going back to your earlier post about break outs, is this the sort of thing you want to see or would you want the initial price break out to be a lot bigger and close out above the TL?

thanks for your help

Hilton
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Thank you J16 & Trader Dante
  • #118,658
  • Sep 18, 2012 1:47pm Sep 18, 2012 1:47pm
Mike , Please provide with your view of AUD CHF daily Pin in formation ...
Human
  • #118,659
  • Sep 18, 2012 1:47pm Sep 18, 2012 1:47pm
Would be interested in comments regarding this trade....are my support areas drawn correctly? Should stops be moved to be at this point? (up 102 pips atm) Any comments would be appreciated.
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  • #118,660
  • Sep 18, 2012 1:48pm Sep 18, 2012 1:48pm
Quoting Chanya
I hope it does not turn into a nice Pinbar because just above under the previous PBT&CB of LCS , I have my sell limit order ...
I hate situation like this...Not only pinbar, but also strong div xD I'm thinking about audnzd....
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