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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

  • #123,081
  • Feb 6, 2013 4:50am Feb 6, 2013 4:50am
meshka..could you check this out........
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  • #123,082
  • Feb 6, 2013 5:33am Feb 6, 2013 5:33am
This can worth to watch.
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  • #123,083
  • Feb 6, 2013 5:35am Feb 6, 2013 5:35am
Quoting carbonado
meshka..could you check this out........
yes.... seems all is ok very simmilar to my watchlist.... except my crazy GBPAUD charts lol glad I am jumped out yesterday ... will wait what will bring this day

AUDUSD is broken down into some space which is nice. so we should wait for next its behaviour.
AUDCAD is dealing with LCS so we should wait and see how it will close today
GBPUSD is on it way down... I placed stop at breakeven today for some unexpected shoot up... If price will rise to 1.5700 will consider to add some lots.
all is eternal - this is good news for people who loves bad news
  • #123,084
  • Feb 6, 2013 6:04am Feb 6, 2013 6:04am
Quoting meshka
yes.... seems all is ok very simmilar to my watchlist.... except my crazy GBPAUD charts lol glad I am jumped out yesterday ... will wait what will bring this day

AUDUSD is broken down into some space which is nice. so we should wait for next its behaviour.
AUDCAD is dealing with LCS so we should wait and see how it will close today
GBPUSD is on it way down... I placed stop at breakeven today for some unexpected shoot up... If price will rise to 1.5700 will consider to add some lots.
Meshka, can I ask what is your theory for placing breakevens?
Normally I place BE when the trade reaches the first trouble area, but some traders has already told me this is not correct, because if I place my limit order onto HCR/LCR, PPZ, BRN etc, after reaching FTA a retest can hit my BE stop and the trend will go froward without me.
Well I am not sure this is so simply right, but I would read your version about this question with pleasure also.
In the short case of GBPUSD I placed SL to BE at 1,57 level.
  • #123,085
  • Feb 6, 2013 6:31am Feb 6, 2013 6:31am
Quoting Microtrader_
Meshka, can I ask what is your theory for placing breakevens?
Normally I place BE when the trade reaches the first trouble area, but some traders has already told me this is not correct, because if I place my limit order onto HCR/LCR, PPZ, BRN etc, after reaching FTA a retest can hit my BE stop and the trend will go froward without me.
Well I am not sure this is so simply right, but I would read your version about this question with pleasure also.
In the short case of GBPUSD I placed SL to BE at 1,57 level.
Yes these stops are delicate thing. its an art.. you could have good entry and spoil evertyhing with too early BE... i mean we should give some time for price to work its way before we go to BE. and should have some extra protection from hitting your BE - BRN, valid level or something...
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all is eternal - this is good news for people who loves bad news
  • #123,086
  • Feb 6, 2013 6:51am Feb 6, 2013 6:51am
Quoting Microtrader_
This can worth to watch.

Just like this.
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  • #123,087
  • Feb 6, 2013 7:16am Feb 6, 2013 7:16am
Quoting meshka
Yes these stops are delicate thing. its an art.. you could have good entry and spoil evertyhing with too early BE... i mean we should give some time for price to work its way before we go to BE. and should have some extra protection from hitting your BE - BRN, valid level or something...
Thank you Meshka, I understand this, so is this mean that in your openion just putting the SL to breakeven MECHANICALLY WITH an EA when the price reaches FTA is absolutely a wrong method?
  • #123,088
  • Feb 6, 2013 7:33am Feb 6, 2013 7:33am
Quoting meshka
...

AUDUSD is broken down into some space which is nice. so we should wait for next its behaviour.
....
One other thing: AUDUSD is currently encountering the 200 day SMA, which seems to offering at least temporary support.
  • #123,089
  • Feb 6, 2013 7:39am Feb 6, 2013 7:39am
Quoting Microtrader_
Thank you Meshka, I understand this, so is this mean that in your openion just putting the SL to breakeven MECHANICALLY WITH an EA when the price reaches FTA is absolutely a wrong method?
absolutely wrong is not to react at all when price reaches FTA. to put stop mechanically or else ... how You feel comfortable. just give two or three bars of time for price to mark its way, maybe to create some extra protection levels for You. sometime u even dont need to wait for price reachin FTA - if price broke into space and your entry lays behind one or two protective levels - You go to BE...
all is eternal - this is good news for people who loves bad news
  • #123,090
  • Feb 6, 2013 7:54am Feb 6, 2013 7:54am
Quoting patapouer
hi Dark,

the best way to have a good hindsight about J16 method is to read this thread, at least the first hundred posts or so.
you also may have a look at the documents Pinbar signature links to, as well as the videos on the public side of James PF.

welcome aboard
take care,
Thank you
  • #123,091
  • Feb 6, 2013 8:29am Feb 6, 2013 8:29am
Hey Dark I am just starting out at this thread too, here is the link for the videos and other stuff at J16 http://www.james16group.us/Guests/guestmaterial.html
cheers
Tracking the Specialists.
  • #123,092
  • Feb 6, 2013 8:38am Feb 6, 2013 8:38am
Quoting Bittereinder
Hi guys,

It's my first time posting in this thread, although I've been following it for years. Have to say a huge thank you for all the great info!

Can someone from the private forum please tell me if James still answers his email. I sent him an email regarding payment for joining the pf.


Thanks again.
Hey Bitter

James will be back in the saddle very soon when the new site is released. I have been handling things on that end if you need something drop me a message

Glad the info on this thread has helped

Best
Mike
  • #123,093
  • Feb 6, 2013 8:39am Feb 6, 2013 8:39am
Quoting darksorrow
For last 2 years i wanted to start with this thread. But seems to me i won't be able to start.

If there is a summary of this thread then please give me the link.
welcome DS

Just jump on it and you will get a grasp on things quicker than you think. Check out the first post in particular as well as all of James posts as you get started.

I know it seems daunting but don't let that deter you

Best of luck!
Mike
  • #123,094
  • Feb 6, 2013 8:41am Feb 6, 2013 8:41am
Quoting ping-ping
Sorry for a noob question, but where do i get pivot point indicator? How do we use that pivot point?
Hey PP

If you are referring to the pivot points you here us speak about that is almost always about Price Pivot zones. These are a flip in support and resistance and are not indicator based (like mathematical pivot points).

Here is a link to get you started on PPZ
http://www.forexfactory.com/showthre...16#post2252116

If you actually meant pivot points that are calculated maybe someone else has a good one for you

Best
Mike
  • #123,095
  • Feb 6, 2013 8:46am Feb 6, 2013 8:46am
Quoting meshka
absolutely wrong is not to react at all when price reaches FTA. to put stop mechanically or else ... how You feel comfortable. just give two or three bars of time for price to mark its way, maybe to create some extra protection levels for You. sometime u even dont need to wait for price reachin FTA - if price broke into space and your entry lays behind one or two protective levels - You go to BE...
Thank, you meshka!
  • #123,096
  • Feb 6, 2013 10:08am Feb 6, 2013 10:08am
Hi:

Just in case its useful for you too, I downloaded, merged and printed the first 2500 posts of each one James16, Mike, Jarroo, Racze, seekinglight.

Already went through the 2500 James16 posts, and almost finished Mike`s
There are some problems with Mikes file some of the images didnt load, but works for the most part.
It was 6000 pages total, and I didnt print Racze

http://www.mediafire.com/?3z2l1h1mmh824k0
  • #123,097
  • Feb 6, 2013 10:22am Feb 6, 2013 10:22am
nice one fella thank you

Quoting Armagedoom
Hi:

Just in case its useful for you too, I downloaded, merged and printed the first 2500 posts of each one James16, Mike, Jarroo, Racze, seekinglight.

Already went through the 2500 James16 posts, and almost finished Mike`s
There are some problems with Mikes file some of the images didnt load, but works for the most part.
It was 6000 pages total, and I didnt print Racze

http://www.mediafire.com/?3z2l1h1mmh824k0
Tracking the Specialists.
  • #123,098
  • Feb 6, 2013 11:34am Feb 6, 2013 11:34am
Quoting mbqb11
Hey Bitter

James will be back in the saddle very soon when the new site is released. I have been handling things on that end if you need something drop me a message

Glad the info on this thread has helped

Best
Mike

Hi Mike,

Thanks so much for your reply. Unfortunately, as a junior member here, I cannot send you a message. I would like to arrange payment for the private forum. Could you please send me your contact details?

Sorry to be posting this here, but I don't know of another way to get in touch with you guys.

Thanks
  • #123,099
  • Feb 6, 2013 11:53am Feb 6, 2013 11:53am
Quoting Armagedoom
Hi:

Just in case its useful for you too, I downloaded, merged and printed the first 2500 posts of each one James16, Mike, Jarroo, Racze, seekinglight.

Already went through the 2500 James16 posts, and almost finished Mike`s
There are some problems with Mikes file some of the images didnt load, but works for the most part.
It was 6000 pages total, and I didnt print Racze

http://www.mediafire.com/?3z2l1h1mmh824k0
thank you very much...
all is eternal - this is good news for people who loves bad news
  • #123,100
  • Feb 6, 2013 12:07pm Feb 6, 2013 12:07pm
Quoting Bittereinder
Hi Mike,

Thanks so much for your reply. Unfortunately, as a junior member here, I cannot send you a message. I would like to arrange payment for the private forum. Could you please send me your contact details?

Sorry to be posting this here, but I don't know of another way to get in touch with you guys.

Thanks
Hey Bitt

If you don't mind send me a message through the contact us section here I'll be glad to help you
http://www.james16group.us/Guests/guestcontact.php

Thanks
Mike
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