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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

  • #127,481
  • Aug 25, 2013 6:14pm Aug 25, 2013 6:14pm
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  • #127,482
  • Aug 25, 2013 6:54pm Aug 25, 2013 6:54pm
Quoting Samar Ellahi
@ ghous & mbqb11 Please can you tell me the names of member whose posts are considered as authentic and informative for J16 method? Also tell me the minimum number of pages required for v.good understanding of the framework of J16 method? I have big plans to learn the J16 method, like going through the entire thread. But, most members would not know/use this method as exactly as James created and uses it. I don't want myself to learn what was added by other individuals. So far by going back from few last pages, I have sorted following: Ghous and...
Hi Samar!
I am collecting all charts posted by James16 and all his useful and explanatory posts since the beginning of the thread. It will take a while to collect them all, but you will find something to get going already.
I am focusing only on James16 posts and charts otherwise it would take years, but you'll see that reading the entire thread will surely help you. There are many people giving great advice.
I think that charts from beginners (like me) also help: I am more inclined to test a market analysis and make my thoughts about it if I don't look at it like a lesson.

http://www.clipular.com/users/139060...6-chart-thread
http://www.clipular.com/users/139060...james16-charts
  • #127,483
  • Aug 26, 2013 1:53am Aug 26, 2013 1:53am
Quoting slam.dunk
{quote} greetings, has any person that uses this james16 trading strategy/methodology ever made a profit? lets see a show of hands. no, wait, lets see your trade explorer,lmfao. one more issue, might one of you be so kind as to show to me a condensed version of this strategy, preferably in the form of a flow chart? i will wait right here while you run and get that flow chart.
Laziness is not very often rewarded in life!

Why not read the first 500 pages as Ghous suggested and also, learn some manners at the same time.
Both the above will do wonders for you.
I read the entire thread in three months a few years ago.
  • #127,484
  • Aug 26, 2013 2:05am Aug 26, 2013 2:05am
Look what just happened here. If I had put a stop order at the high of the pingulfing bar, I would haven been taken out in a flash the very next day.
Also refer

  1. Post# 127,502

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  • #127,485
  • Aug 26, 2013 4:09am Aug 26, 2013 4:09am
Quoting Pinbar
{quote} Laziness is not very often rewarded in life! Why not read the first 500 pages as Ghous suggested and also, learn some manners at the same time. Both the above will do wonders for you. I read the entire thread in three months a few years ago.
I just think it was a sarcasm from his side.
If not up, then down, otherwise sideways :-)
  • #127,486
  • Aug 26, 2013 4:15am Aug 26, 2013 4:15am
Quoting Magestic
{quote} I just think it was a sarcasm from his side.

Of course it was.
  • #127,487
  • Aug 26, 2013 5:37am Aug 26, 2013 5:37am
Quoting rolo1128
{quote} Hey fascist, Im liking usd/cad too. I'm waiting for a retest back to 1.045 to 1.042 area. I think it might be interesting to see what happens there. {image} {image} Rolo
Hi Rolo,

Well, on a weekly it indeed looks bullish still as the retracement isn't very strong and to wait to 1.045 area seems prudent to look for a continuation for bullish signs.

However, on the daily chart it seems to reject off a high with traffic to the left (in rectangle), this is coupled with the fact that the CAD is systematically strengthening against other currencies as well as the index of CAD shows (a bullish pin bar off a seemingly strong support):

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So far, Monday has been rather quiet and USDCAD has been recovering, but to me it seems it'll come down to meet 1.045 in the next few days.

Keeping my fingers crossed. In my experience, this trade should work. If it doesn't, then I'll have to reevaluate.
  • #127,488
  • Aug 26, 2013 5:41am Aug 26, 2013 5:41am
Quoting Pinbar
{quote} Laziness is not very often rewarded in life! Why not read the first 500 pages as Ghous suggested and also, learn some manners at the same time. Both the above will do wonders for you. I read the entire thread in three months a few years ago.
We didn't need to react. Attention is all that they require. They quickly get bored and move elsewhere when you don't feed their egos and interests.

g.
I believe . . .
  • #127,489
  • Aug 26, 2013 5:45am Aug 26, 2013 5:45am
Quoting giggles
Look what just happened here. If I had put a stop order at the high of the pingulfing bar, I would haven been taken out in a flash the very next day. Also refer Post# 127,502 {image}
Hey Giggles,

Nice pass.

Pin bars are at their best at swing highs and swing lows. It was caught up in the middle there and less likely to capture any major order flow.

g.
I believe . . .
  • #127,490
  • Aug 26, 2013 5:48am Aug 26, 2013 5:48am
GBPUSD

FTA hit, partial profit taken, SL move to BE. Let it ride.....

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #127,491
  • Aug 26, 2013 7:43am Aug 26, 2013 7:43am
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  • #127,492
  • Aug 26, 2013 8:27am Aug 26, 2013 8:27am
Quoting giggles
Look what just happened here. If I had put a stop order at the high of the pingulfing bar, I would haven been taken out in a flash the very next day. Also refer Post# 127,502 {image}
Hey Giggles

Be careful trading such a gappy market

Also remember we want BUOBs down at swing low points

Let me know if that makes sense
Mike
  • #127,493
  • Aug 26, 2013 11:28am Aug 26, 2013 11:28am
Quoting slam.dunk
{quote} greetings, has any person that uses this james16 trading strategy/methodology ever made a profit? lets see a show of hands. no, wait, lets see your trade explorer,lmfao. one more issue, might one of you be so kind as to show to me a condensed version of this strategy, preferably in the form of a flow chart? i will wait right here while you run and get that flow chart.
I wonder how many people are consistently profitable ?

Problem is there are so many people here handing out advice, telling others how they should trade, what they are doing wrong etc etc. Funny thing is its those same people who cannot trade profitably themselves - some of them have been at this for years. Sad thing is I was going through my own posts and I have on occasion done the very same thing. Im glad most of my charts go unnoticed in this thread because I am NOT a profitable trader. If anyone has 'learnt' anything from me please forget whatever 'advice' I gave you because its useless.

Dan
  • #127,494
  • Aug 26, 2013 4:25pm Aug 26, 2013 4:25pm
nice area to watch


BRN, TL, Boxing

I'd prefer to see price move sideways a bit more before anything happening
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  • #127,495
  • Aug 26, 2013 4:50pm Aug 26, 2013 4:50pm
Quoting dan89
{quote} I wonder how many people are consistently profitable ? Problem is there are so many people here handing out advice, telling others how they should trade, what they are doing wrong etc etc. Funny thing is its those same people who cannot trade profitably themselves - some of them have been at this for years. Sad thing is I was going through my own posts and I have on occasion done the very same thing. Im glad most of my charts go unnoticed in this thread because I am NOT a profitable trader. If anyone has 'learnt' anything from me please...
i started reading on the first page of this thread and before i can get to the end people are already praising james for having given to them more wisdom than they ever find in this trading business.

james says things in his first post that are very basic textbook common sense things.

#1, he tell you that you must have a business plan or your business will fail.

no sht, sherlock.

#2, he tell you to dont be emotional.

i say things like that to my dog.

he says simple common sense things like that, but he never teaches any person how to make a trade.

he coddles these traders.

he wipes their noses.

and james wondered why he got put on the fast train to the commercial section, lol.

there is no strategy here.

i am not going to read your first five hundred pages of this thread.

i double dare you to show me where james actually teaches any person how to make an actual trade.

zero/.
contact zero 510-684-1114
  • #127,496
  • Aug 26, 2013 5:02pm Aug 26, 2013 5:02pm
like most of my trades i post live in the PF

Here is one i'll post here even though I shy away from that because of it being a public thread and we get a lot of new traders like above

We are at the crucial area the top of the box. Here is the chart I emailed to the group yesterday . Of course all J16 concepts

not surprised to see price stall now at the top of the box


What this provides is both logical flip in S/r, and if price does flip a logical point to manage my risk

The 8-23 was my previous chart as I was watching intraday as price was losing momentum but never had follow through on the hourly. It was too show keeping timeframes separate and keeping things simple

Best
Mike
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  • #127,497
  • Edited 5:47pm Aug 26, 2013 5:25pm | Edited 5:47pm
mqb11,

i am headed south for the winter.

let me know when those trades kick in.

##########################

todays market condition report for euro/nzd.

the market depth is currently +24.009.

sell orders(+13.77) have made a small progress moving toward intended target, buy orders(-37.78) are not applicable at this time and should remain closed until further notice..

happy trading,

zero/.
.
.


platform : http://www.citifxpro.com/new-metatrader4
Login : 2089598551
Password : r4rtslx (read only password)
.
.
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contact zero 510-684-1114
  • #127,498
  • Aug 26, 2013 5:46pm Aug 26, 2013 5:46pm
another good simple chart to watch with clear j16 concepts and real information

Price showing divergence as it moves into the big round number. This is a "squeeze Pattern"


Ideal now is you want price to stay contained and move into the bottom rising TL + the brn. Then look for a LARGER reversal bar. That's the key. Playing the iffy bars are tough(this is an easy way to avoid the small BEOB at the top)


If price breaks strong up then will negate the current divergence(that's why patterns are useful)


Best
Mike
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  • #127,499
  • Aug 26, 2013 7:09pm Aug 26, 2013 7:09pm
Quoting slam.dunk
{quote} greetings, has any person that uses this james16 trading strategy/methodology ever made a profit? lets see a show of hands. no, wait, lets see your trade explorer,lmfao. one more issue, might one of you be so kind as to show to me a condensed version of this strategy, preferably in the form of a flow chart? i will wait right here while you run and get that flow chart.

Show me yours first, lmfao. Why such sarcasm suggesting you think you know more than you do? Do you really think anyone is going to run and retrieve the information you desire? You keep waiting right there! I'm sure somebody is working on your request. Don't go anywhere!
  • #127,500
  • Aug 26, 2013 7:17pm Aug 26, 2013 7:17pm
Quoting dan89
{quote} I wonder how many people are consistently profitable ? Problem is there are so many people here handing out advice, telling others how they should trade, what they are doing wrong etc etc. Funny thing is its those same people who cannot trade profitably themselves - some of them have been at this for years. Sad thing is I was going through my own posts and I have on occasion done the very same thing. Im glad most of my charts go unnoticed in this thread because I am NOT a profitable trader. If anyone has 'learnt' anything from me please...

I am of the same notion that there are not many profitable traders but after posting here and there on different forums.....I am just getting settled and starting my thread at FF with the commercial badge already from advertising my website....heh heh heh. I hope to demystify that notion that you can't be consistently profitable posting weekly updates and charts. I see much of what you are refferring to charts and more charts, strategy on strategy but not many real traders actually trading......I would consider myself a budding professional trader (not everyone will be of the same like). It's my second week on my new thread and my first chart set up hit it's profit target. I only recently starting posting charts in my posts after some posts concerning credibility.

I am used to being called a scammer just trying to get somewhere while on my journey but all that changes now......Feel free to have a look......
Move Money !!!
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