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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

  • #124,301
  • Apr 1, 2013 8:30am Apr 1, 2013 8:30am
Quoting jarroo
It looks pretty small to fight that strong downward move. . .also up against previous Support (Monthly Lows) which did act as strong Resistance once Price broke through it and Closed below it. A bigger PB may have strength to break those previous Lows . . .but this one looks weak.
Yeah I see what you mean. Thanks Jarroo.
  • #124,302
  • Apr 1, 2013 8:44am Apr 1, 2013 8:44am
Quoting jarroo
That was a great webinar Mike . . . .nothing unusual about that . .they are all great. I wonder if you could post it . . . in the 1st post. https://rapidshare.com/#!download|82....wmv|62601|0|0 Jim
thanks Jim

I can't but the big guy is back soon Plus we are going to have a better guest section where we can post this stuff ...i'll have to remember to add this one

Mike
  • #124,303
  • Apr 1, 2013 8:46am Apr 1, 2013 8:46am
Quoting ralf86
Hi, i only wanted to ask a question After one of PA-Setups we look for happens, do you usually enter at: a.- the open of next bar b.- 10pips after high/low (depending of direction) of the setup c.- You apply fib on next bar and wait to enter on retracement fro better position (even if it means to loose some trades? I now these are the ways you can enter, i only wanted to know which you you realized to be more effective in general since you`ve traded it longer than me. Also a question to option c. Do you wait for the possible retracement...
Hey Ralf

Ask away my friend never a bother

You got a good answer from P(thanks P)

One thing I recommend is having a spreadsheet or tracking multiple forms of entry. You may find one more comfortable over the other for you as you learn. The traditional way is waiting for a break. It is certainly the most conservative ways. But some situations play better to entering on a retrace/close then others as well

They all have good and bads to them

Best
Mike
  • #124,304
  • Apr 1, 2013 8:50am Apr 1, 2013 8:50am
Quoting mbqb11
thanks Jim I can't but the big guy is back soon Plus we are going to have a better guest section where we can post this stuff ...i'll have to remember to add this one Mike


I'll be bumping this one many of times .. . .which will be great . . if someone has a related question, I can just post this link and be done . .
Indicators show the past. Price Action "Indicates" the future.
  • #124,305
  • Apr 1, 2013 9:56am Apr 1, 2013 9:56am
Hey guy I see this CHF/JPY is looking good to me. I was wondering if we could get under the rn of 98.50 and get a retest of it or some sort of PA this would be a good SELL trade. What do you guys think?
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  • #124,306
  • Apr 1, 2013 10:25am Apr 1, 2013 10:25am
hello guys, im just new in this forum and also in trading. First of all i want to say thanks to james and his group, and to all the people in this thread for the knowledge they shared. i dont know when will i finish reading this whole thread as it has 8k+ pages of knowledge and cool stuff from you guys.

i have a question regarding the PF, is it still active? if your in for straight 12 months, does it mean that your in for good or for only a couple of months?

thank you guys and more power!
  • #124,307
  • Apr 1, 2013 10:28am Apr 1, 2013 10:28am
Quoting magbabakal
hello guys, im just new in this forum and also in trading. First of all i want to say thanks to james and his group, and to all the people in this thread for the knowledge they shared. i dont know when will i finish reading this whole thread as it has 8k+ pages of knowledge and cool stuff from you guys. i have a question regarding the PF, is it still active? if your in for straight 12 months, does it mean that your in for good or for only a couple of months? thank you guys and more power!
It's still active. After 12 months you will receive a lifetime membership. Here is the website.

http://www.james16group.us/
  • #124,308
  • Apr 1, 2013 10:44am Apr 1, 2013 10:44am
thank you for the quick reply sir.

Does james still active in this thread? i havent seen any post from him lately..
  • #124,309
  • Apr 1, 2013 10:54am Apr 1, 2013 10:54am
Quoting magbabakal
thank you for the quick reply sir. Does james still active in this thread? i havent seen any post from him lately..
Hi magbakal, James was not here for some time because he was focused on his real estate business but as Mike said he should be back soon. They are working on upgraded version of PF right now.

Mav
  • #124,310
  • Apr 1, 2013 11:04am Apr 1, 2013 11:04am
Quoting Mav13
Hi magbakal, James was not here for some time because he was focused on his real estate business but as Mike said he should be back soon. They are working on upgraded version of PF right now. Mav
i see,thanks for the info sir. will there be a price hike after the upgrade in PF?
  • #124,311
  • Apr 1, 2013 12:18pm Apr 1, 2013 12:18pm
CADJPY looks good ... lets wait for close.
Attached Image
all is eternal - this is good news for people who loves bad news
  • #124,312
  • Apr 1, 2013 12:29pm Apr 1, 2013 12:29pm
Quoting meshka
CADJPY looks good ... lets wait for close. {image}
Meshka,

What would be your course of action if it closes underneath your drawn line?
  • #124,313
  • Apr 1, 2013 12:36pm Apr 1, 2013 12:36pm
Quoting Flamegs23
Meshka, What would be your course of action if it closes underneath your drawn line?
it depends where it will close... but mainly I will do little sell around close and will set pending order with all the rest amount of position around 92.00. stop will go above candle which broke the blue line.

later next day I will watch H4... If they will behave not friendly and will close aggresivelly above the blue line .... I will cut that order and will wait for next opportunity. If it will sink down I will look for good spot to minimize my risk. And then will wait for my target around the next blue line below patiently..
all is eternal - this is good news for people who loves bad news
  • #124,314
  • Apr 1, 2013 12:46pm Apr 1, 2013 12:46pm
Quoting magbabakal
i see,thanks for the info sir. will there be a price hike after the upgrade in PF?
Hi, sorry, I´ve got no information about that.

Mav
  • #124,315
  • Apr 1, 2013 1:16pm Apr 1, 2013 1:16pm
Quoting Mav13
Hi, sorry, I´ve got no information about that. Mav
nope no intentions on that. Just making it better and better

Thanks for jumping in Mav

Mike
  • #124,316
  • Apr 1, 2013 1:47pm Apr 1, 2013 1:47pm
Quoting meshka
CADJPY looks good ... lets wait for close. {image}
Meshka could you take a look on the chart I attached. Am I getting something wrong or the mid-level is Daily HCR as well?
If it is, would you consider it to be our FTA?
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  • #124,317
  • Apr 1, 2013 2:27pm Apr 1, 2013 2:27pm
GBPJPY

Watching this 142.00 area like a hawk! Would like to see a very strong move to the south.

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #124,318
  • Apr 1, 2013 2:55pm Apr 1, 2013 2:55pm
GBP/USD monthly pinbar? Looks promising as hell...
  • #124,319
  • Apr 1, 2013 4:31pm Apr 1, 2013 4:31pm
Quoting rolo1128
GBPJPY Watching this 142.00 area like a hawk! Would like to see a very strong move to the south. {image} {image} Rolo
Looks like we did get a move south, wouldn't call it strong though, I have a slightly differnt interpretation of that graph though, I think the horizontal support is valid, and PBTandCB, but I think we are in a wedge. I'm gonna give this a little more time.
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  • #124,320
  • Apr 1, 2013 4:49pm Apr 1, 2013 4:49pm
Quoting Hiten123
I'm pretty new to this so just wanted to get people's thoughts on this potential setup. Minor fakey on GBP/AUD weekly off a weekly support level. Bit of space to run to FTA. Have a buy order on the break of the fakey/pin bar with a stop loss at the end of that bar.
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Just bumping this post I made in the morning. I've been triggered in long on that one. Here's another trade I'm considering. Would appreciate thoughts. It's a long trade on EUR/CAD, entering on the break of the BUOB. What do you reckon?


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