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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

  • #123,381
  • Feb 22, 2013 3:00am Feb 22, 2013 3:00am
Quoting Pinbar
And if, your aunt had the spherical things, she would be your uncle.
The weight was staked against that small PB, at least for the short term.
Closed out half and moved to BE.
Ye-ye you've nailed it. Smart trade .

PS: I dont trade Jaroo style, but I prevent trading against Jarooers, so You took not my money.
If not up, then down, otherwise sideways :-)
  • #123,382
  • Feb 22, 2013 3:12am Feb 22, 2013 3:12am
Quoting Magestic
Ye-ye you've nailed it. Smart trade .

PS: I dont trade Jaroo style, but I prevent trading against Jarooers, so You took not my money.

You know, that is the thing, right there & I think many people confuse this.
This is just as much a J16 setup as it is one of Jarroo's setups.
Mike trades these all the time, in his breakout and pullback scenarios.
  • #123,383
  • Feb 22, 2013 3:45am Feb 22, 2013 3:45am
Hey guys,
I`m looking at this one for next week or later:
EURTRY daily

http://img209.imageshack.us/img209/917/eurtryd1.gif
  • #123,384
  • Feb 22, 2013 4:01am Feb 22, 2013 4:01am
Hi all, here are two trades I took during last week.

First was GBPNZD, my entry was based on 3-day BEOB after price broke out from a small range where it rested for a few days and continued in previous movement down. After first day I had some profit so moved my SL to breakeven, next day price turned around, so eventually I ended BE.

GBPSEK: after battle between bears and bulls (two pinbar looking bars and a small doji), it seemed that bears are now in charge (BEOB). Next day ended with very weak close so I decided to take profit I had and closed my position fully.

All comments and opinions are appreciated

Mav
Attached Image(s) (click to enlarge)
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  • #123,385
  • Feb 22, 2013 4:02am Feb 22, 2013 4:02am
Quoting Pinbar
You know, that is the thing, right there & I think many people confuse this.
This is just as much a J16 setup as it is one of Jarroo's setups.
Mike trades these all the time, in his breakout and pullback scenarios.
Not as much expierience for me yet to trade things like that. That is touch trading. I just collect these kind of setups in my computer folder with my notes, but I'm afraid to trade them so far. I understand that 1.5315 was WLCS and also 1.5278 was the same WLCS that gapped. Zone of a possible down move. I'm trying to combine all the info altogether. Now its ok this helps to prevent from wrong decisions. (Got caught on previous GBPUSD pin although).
If not up, then down, otherwise sideways :-)
  • #123,386
  • Feb 22, 2013 4:23am Feb 22, 2013 4:23am
Quoting Magestic
Not as much expierience for me yet to trade things like that. That is touch trading. I just collect these kind of setups in my computer folder with my notes, but I'm afraid to trade them so far. I understand that 1.5315 was WLCS and also 1.5278 was the same WLCS that gapped. Zone of a possible down move. I'm trying to combine all the info altogether. Now its ok this helps to prevent from wrong decisions. (Got caught on previous GBPUSD pin although).
That's why we can demo them till we get used to it.
  • #123,387
  • Feb 22, 2013 7:14am Feb 22, 2013 7:14am
Quoting Pinbar
Look at the size of the previous bearish bar compared to that PB.
It could be a pit bull but, I would pass on it because of the previous bar.
Unless it matches it in size by the close.
You don't want to take PA that has not closed unless, you have another story going.

Notice I have a sell limit at the 1.53150 area as, I am looking at this is a breakout of the weekly consolidation
GBPCHF

Hey Pinbar,
I took a simuliar trade but on a GBPCHF. I have already been stopped out but took most of the position off the table at the FTA/target(top red line). Once price hit my first target I adjusted my stop order.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #123,388
  • Feb 22, 2013 7:25am Feb 22, 2013 7:25am
AUDUSD

I know its lower TF, but it looks nice.

Attached Image (click to enlarge)
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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #123,389
  • Feb 22, 2013 8:59am Feb 22, 2013 8:59am
USDJPY

Another nice level. Again sorry for the lower TF. At the moment it looks like price is rolling over.

Attached Image (click to enlarge)
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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #123,390
  • Feb 22, 2013 9:53am Feb 22, 2013 9:53am
Hello all,
I want to know ALL the names of James16 Group Member on this thread. Some of them I have identified are following:

1. James16
2. jarroo
3. Seeking Light
4. mbqb11
5. diallist

REQUEST: Please add the missing names of James16 group members in this thread to the above 5 people.

I want to sort their posts and read ONLY of J16 members. This is easier way to learn the greatest thread ever created in the history of Forex.

@ Pinbar
Are you one of them?
  • #123,391
  • Feb 22, 2013 11:18am Feb 22, 2013 11:18am
Just chimming in to give some words of advice about stop losses that took awhile to sink into my head. DO NOT MOVE TO BREAK EVEN SO QUICKLY. In the end it will just hurt your account and you psychologically. A loss does not mess with me much psychologically if at all, but what really is painful is when I move my stop to BE quickly after price moved in my direction 5-10 pips and having it retrace on me then shoot in my direction. You take the trade based on your knowledge of S/R so let that area be protection for your stop, not your entry.

Also, chart.
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  • #123,392
  • Feb 22, 2013 2:56pm Feb 22, 2013 2:56pm
I nromally move to break even when i'm in profit the same distance away from my SL, or if the trade is not working as expected. We all have some expectation as to how the trade will go (by looking on traffic and PPZ). Moving it too early will cause problems, both to your account and nervous system
  • #123,393
  • Feb 22, 2013 7:24pm Feb 22, 2013 7:24pm
Quoting rolo1128
GBPCHF

Hey Pinbar,
I took a simuliar trade but on a GBPCHF. I have already been stopped out but took most of the position off the table at the FTA/target(top red line). Once price hit my first target I adjusted my stop order.

Attachment

Attachment

Rolo
Yeah, I hear you.
The GBP/CHF did not really have the weekly consolidation that the GU did.
I also got my SL hit for the last third of the position, before it broke down big time. With that small daily PB at the SL, I was not going to leave my SL just hanging there over the weekend.
Interesting situation though.
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  • #123,394
  • Feb 22, 2013 7:28pm Feb 22, 2013 7:28pm
Quoting aarizahmad
Hello all,
I want to know ALL the names of James16 Group Member on this thread. Some of them I have identified are following:

1. James16
2. jarroo
3. Seeking Light
4. mbqb11
5. diallist

REQUEST: Please add the missing names of James16 group members in this thread to the above 5 people.

I want to sort their posts and read ONLY of J16 members. This is easier way to learn the greatest thread ever created in the history of Forex.

@ Pinbar
Are you one of them?
I think you mean people who have their own thread on the PF.
I was a member of the PF but I am not an instructor.

You forgot Bemac, Peter FM Charles Gann and a few more.
  • #123,395
  • Feb 22, 2013 9:41pm Feb 22, 2013 9:41pm
Quoting Pinbar
I think you mean people who have their own thread on the PF.
I was a member of the PF but I am not an instructor.

You forgot Bemac, Peter FM Charles Gann and a few more.
Yes Pinbar, I meant the instructors who teach at PF.
  • #123,396
  • Feb 23, 2013 12:06pm Feb 23, 2013 12:06pm
@ Pinbar

I have downloaded and compiled all the charts uploaded by James16. They are 371 in total. If I print out and learn all of these 371 charts carefully are they enough to know all the principles of James16? Is there anything other that James offer at the private forum?
  • #123,397
  • Feb 23, 2013 12:39pm Feb 23, 2013 12:39pm
Quoting aarizahmad
@ Pinbar

I have downloaded and compiled all the charts uploaded by James16. They are 371 in total. If I print out and learn all of these 371 charts carefully are they enough to know all the principles of James16? Is there anything other that James offer at the private forum?
Well done Aa
Can you upload them as zip. It would be an excellent resource for this thread

Olu
If you think you can or cannot do it you are correct
  • #123,398
  • Feb 23, 2013 11:31pm Feb 23, 2013 11:31pm
Quoting Olu
Well done Aa
Can you upload them as zip. It would be an excellent resource for this thread

Olu
Thanks

James16 - All uploaded charts

http://depositfiles.com/files/nqzf6aewd

OR

http://www.mediafire.com/?ew55qd9owzxwbo5

Note: I have numbered all the charts as they were posted by Sir James16. It would be more logical to learn in choronological way. I have added suffix a, b, c, d to the progressive instances of the same chart.

A gift to all James16 lovers
  • #123,399
  • Feb 24, 2013 9:36am Feb 24, 2013 9:36am
Quoting aarizahmad
Thanks

James16 - All uploaded charts

http://depositfiles.com/files/nqzf6aewd

OR

http://www.mediafire.com/?ew55qd9owzxwbo5

Note: I have numbered all the charts as they were posted by Sir James16. It would be more logical to learn in choronological way. I have added suffix a, b, c, d to the progressive instances of the same chart.

A gift to all James16 lovers
Arrizahmad, this is an amazing contribution to the community! Thank you so much for your efforts. I know what I'll be doing for a while now...haha.
I'm a dog chasing cars.
  • #123,400
  • Feb 24, 2013 10:05am Feb 24, 2013 10:05am
Quoting aarizahmad
Thanks

James16 - All uploaded charts

http://depositfiles.com/files/nqzf6aewd

OR

http://www.mediafire.com/?ew55qd9owzxwbo5

Note: I have numbered all the charts as they were posted by Sir James16. It would be more logical to learn in choronological way. I have added suffix a, b, c, d to the progressive instances of the same chart.

A gift to all James16 lovers
The first link requires you subscribe for $3 to download, and the second link does not work!
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