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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

  • #120,041
  • Oct 25, 2012 9:44am Oct 25, 2012 9:44am
Quoting Nake
Bullish Flag ???
Attachment
boom that worked out well!


I love breakout patterns too

Mike
  • #120,042
  • Oct 25, 2012 10:17am Oct 25, 2012 10:17am
Mike can I ask you when there will be a new J16 group site and if there will be something new for non-members?
  • #120,043
  • Oct 25, 2012 10:20am Oct 25, 2012 10:20am
Quoting cupoftea2222
Went short on this pinbar from yesterday on AUDNZD.
There is previous support/resistance @ the 1.2700 area, along with a 50% fib...seems to be at a swing high rather than in traffic too..

Anybody else in this? also which do you reckon is the FTA?
Hey COT

This one is tricky, not a ton of confluence but a nice size bar

Notice this pinbar sits down lower into the previous range of bars. This puts us in a bit of a sideways market which can give price trouble as you are trading into the bottom range of that market.

We really want that pin up higher at a nicer swing high. I drew an edited version as well to show what I mean

Hope this helps
Mike
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  • #120,044
  • Oct 25, 2012 10:21am Oct 25, 2012 10:21am
Quoting Martin600
Mike can I ask you when there will be a new J16 group site and if there will be something new for non-members?
Hey Martin

New site is not far off at all. Don't want to give a timeline but I would say sooner rather than later. Yes there will be new everything. Layout and guest area. Might not happen all at once but it's in the works for sure

Best
Mike
  • #120,045
  • Oct 25, 2012 11:37am Oct 25, 2012 11:37am
Quoting mbqb11
boom that worked out well!


I love breakout patterns too

Mike
Hi Mike, wouldnt you say that pattern was too 'thin' to be a decent looking breakout the way you teach. it doesnt really have a clear swing points within the pattern and looks small for the timeframe its on ...

Cheers
Dan
  • #120,046
  • Oct 25, 2012 11:39am Oct 25, 2012 11:39am
Quoting mbqb11
Hey Martin

New site is not far off at all. Don't want to give a timeline but I would say sooner rather than later. Yes there will be new everything. Layout and guest area. Might not happen all at once but it's in the works for sure

Best
Mike
Hi Mike, first post here. I´ve been reading this thread for long weeks and also watched all the guest J16 videos. I have to say what you doing here is really great, I apreciate such a free information and have been reading it all very carefully.
I´ll become a PF member sooner, no doubt, b/c the free material is already changing a lot my trading method, I´ve been a PA user since a few months ago, and I´m dont wanna try anithing else, thats what suits for me and I´m very sure I can achieve sucess in the future.
Still on Demo, after reading the tread I cashed out all my money in forex and decide to treat it as a bussiness, and I´m now considering this time on demo (3 months ou 3 years, who knows?!) like another university time. I´m a dentist and also passionated by stocks and forex and all this market things.
I´m not worried about the money right now, I´m worried about learning and testing every thing I can, b/c I know how harder I study and work, the much "lucky" I have.

Tks a lot guys, I´ll try to participate the forum from now on.

Finally, for my first post I´m showing the trade I started a few hours ago.
Comments, ideas and critical are welcome.

Tks!
Vitor
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  • #120,047
  • Oct 25, 2012 11:41am Oct 25, 2012 11:41am
Quoting dan89
Hi Mike, wouldnt you say that pattern was too 'thin' to be a decent looking breakout the way you teach. it doesnt really have a clear swing points within the pattern and looks small for the timeframe its on ...

Cheers
Dan
Hey Dan

yes not one I would take on that timeframe. We would have to blow it up to like a 15min. But the idea of patterns in trends is more what I was saying. Don't expect everyone to trade just like I do. Just like the idea of spotting patterns

Best
Mike
  • #120,048
  • Oct 25, 2012 1:12pm Oct 25, 2012 1:12pm
Quoting m00nchild
Booked full Profit here after this bullish Pin at PPZ.

I know the Pin is not perfect (watch the open and close vs previous bar).Attachment

Dont see much for today so will sit on my hands for now...
What EA / Indicator do you use that tracks your trade? I see the buy and sell orders printed on your chart
  • #120,049
  • Oct 25, 2012 1:51pm Oct 25, 2012 1:51pm
had to post these charts here

here is a chart I sent to the group (well 2) On something I am watching

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But check out the weekly chart for something hilarious and freaky

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  • #120,050
  • Oct 25, 2012 1:58pm Oct 25, 2012 1:58pm
Quoting mbqb11
had to post these charts here

here is a chart I sent to the group (well 2) On something I am watching

Attachment
Attachment


But check out the weekly chart for something hilarious and freaky

Attachment

Nice Charts Mike! Thanks
  • #120,051
  • Oct 25, 2012 2:19pm Oct 25, 2012 2:19pm
Quoting dan89
Anybody know where Chanya has gone ? It seemed as if he was the only other person trading this method with consistant profits but has since disappeared when he opened his live account.

Cheers
Dan
Quoting patapouer
I'm not Chanya so I don't get the whole truth about his life and everything (don't even know if he's as scary as his avatar ), but, AFAIK, Chanya's being a bit busy with his "real life".
And I don't think he "disappeared after having open his live account". He said in april this year he would trade "for real", and he's been actively posting since then...

Still I would agree with you, Chanya, come back, we miss your charts!
Quoting meshka
I suspect he jumped into PF and gone LOL
Quoting DaGrizlyBull
I think he got grounded by his parents
Hello Everyone . I hope everyone is doing fine , or great I wish .

Dan : Thank You. You are and have always been very kind with your assumptions .

Patapouer : Thank you brother for backing me up when I was not present . Much appreciated . I have opted for double majors ( Business and IT ) in my university so the study burden is greatly increased plus I am also doing the internship so I barely have couple of hours for Daily trading , but I will try to be active again once my internship is over .

Regards

PS : I have been waiting for a long time for page number 8000 to come and wanted my post to be the first on that page but DAMN ...
Human
  • #120,052
  • Oct 25, 2012 2:33pm Oct 25, 2012 2:33pm
Quoting Chanya
I have been waiting for a long time for page number 8000 to come and wanted my post to be the first on that page but DAMN ...
i was sure you are very busy with counting your profits
  • #120,053
  • Oct 25, 2012 2:33pm Oct 25, 2012 2:33pm
Quoting Chanya
Hello Everyone . I hope everyone is doing fine , or great I wish .

Dan : Thank You. You are and have always been very kind with your assumptions .

Patapouer : Thank you brother for backing me up when I was not present . Much appreciated . I have opted for double majors ( Business and IT ) in my university so the study burden is greatly increased plus I am also doing the internship so I barely have couple of hours for Daily trading , but I will try to be active again once my internship is over .

Regards

PS : I have been...

Hey C hope all is well

Mike
  • #120,054
  • Oct 25, 2012 2:46pm Oct 25, 2012 2:46pm
Quoting mbqb11
Hey C hope all is well

Mike


Quoting patapouer
(don't even know if he's as scary as his avatar )
P , Do u think I am that scary ?
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Human
  • #120,055
  • Oct 25, 2012 3:26pm Oct 25, 2012 3:26pm
Quoting VitorNutzz
Hi Mike, first post here. I´ve been reading this thread for long weeks and also watched all the guest J16 videos. I have to say what you doing here is really great, I apreciate such a free information and have been reading it all very carefully.
I´ll become a PF member sooner, no doubt, b/c the free material is already changing a lot my trading method, I´ve been a PA user since a few months ago, and I´m dont wanna try anithing else, thats what suits for me and I´m very sure I can achieve sucess in the future.
Still on Demo, after reading the tread...
Hello VitorNutzz and welcome,
my view on the chart is:
first P is reached BRN & 365EMA and make pinbar. We see also a divergence!
If you also looked at the weekly chart, you can see down trend and that the price bounced off 38.2 fibo. So I think the P will be going down!
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  • #120,056
  • Oct 25, 2012 3:53pm Oct 25, 2012 3:53pm
Quoting Chanya




P , Do u think I am that scary ?
Like Cthulhu + Balrog combined with my high school geography teacher (she was the most scary)
Good to have you back, I've had a little break from forex also - new academic year, moving back to dorm, etc...maybe now I'll find a little more time for it.

take care buddy
  • #120,057
  • Oct 25, 2012 4:01pm Oct 25, 2012 4:01pm
Quoting Chanya
Do u think I am that scary ?
This guy is scary. And you look a bit like him.

Inserted Video


Hehe, just joking
I don't need easy. I just need possible.
  • #120,058
  • Oct 25, 2012 4:20pm Oct 25, 2012 4:20pm
Quoting Chanya




P , Do u think I am that scary ?

Hi Chanya,

good to see you back

well, I'm sure you don't want to see how scary I was when I was a stupid teenager shifting from almost bonehead nervous to surfer way man I'm cool with my dirty long hairs and my three hairs of barb on the chick...
No, I wont post any pic of that. burned them all
Slow & steady
  • #120,059
  • Oct 25, 2012 5:06pm Oct 25, 2012 5:06pm
Quoting adriaticFX
Hello VitorNutzz and welcome,
my view on the chart is:
first P is reached BRN & 365EMA and make pinbar. We see also a divergence!
If you also looked at the weekly chart, you can see down trend and that the price bounced off 38.2 fibo. So I think the P will be going down!
Tks for the answer, I see it on y chat too, but I have to say that its been hard to me trade weekly and daily together.
It seems that they almost always have a diferrent opinion about the price, and If I look to monthly it gets worst.
How easy should be trading the HIGHER TF all together?? or would be better if we were ONE TF only, like daily charts??

Tks!
Vitor.
  • #120,060
  • Oct 25, 2012 5:41pm Oct 25, 2012 5:41pm
Quoting VitorNutzz
Hi Mike, first post here. I´ve been reading this thread for long weeks and also watched all the guest J16 videos. I have to say what you doing here is really great, I apreciate such a free information and have been reading it all very carefully.
I´ll become a PF member sooner, no doubt, b/c the free material is already changing a lot my trading method, I´ve been a PA user since a few months ago, and I´m dont wanna try anithing else, thats what suits for me and I´m very sure I can achieve sucess in the future.
Still on Demo, after reading the tread...

Hey Vitor

Welcome to the thread!

You are right it's all about putting in your time. Being in no rush is a VERY good thing.

I put some notes on your chart to explain why this is a tricky situation. You spoted a great boxing and PPZ but your stuck now in a very sideways market making trades like this in my eyes more difficult to manage and less appealing

Again welcome
Mike
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