Do you mean the guest section of j16 Group website or the one you started on Facebook? I mean, where can I find that new material? ^^
Thanks
Thanks
james16 Chart Thread
- #130,025
- Feb 20, 2014 8:55pm Feb 20, 2014 8:55pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
. {image}
g.
I believe . . .
- #130,026
- Feb 20, 2014 9:07pm Feb 20, 2014 9:07pm
{quote} Why not enter at the pull back to the LLS? We had wonderful confluence with 140.00.
Actually, when I started scanning the chart today, the pullback had already place. It would have been a wonderful entry.
Neytiri
- #130,027
- Feb 20, 2014 9:09pm Feb 20, 2014 9:09pm
{quote}{image}
Nice potential for a great 50 pip drawdown and a 2 hour nail biting session.. shitty entry bud.. sounds good if your trading at a dollar a pip..
1.0950 was the money.. 40 pip sl, with a 150+ runner..
Have a great day.
lowest draw down possible please.
- #130,028
- Feb 20, 2014 9:18pm Feb 20, 2014 9:18pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Nice potential for a great 50 pip drawdown and a 2 hour nail biting session.. shitty entry bud.. sounds good if your trading at a dollar a pip.. 1.0950 was the money.. 40 pip sl, with a 150+ runner.. Have a great day.
That was a Bullish Outside Bar trade, as good as it gets.
Its probably ok to be bragging about your low draw down - high gain trades provided you're willing to respect alternate approaches. At the end of the day it's never about that one trade anyway is it?
g.
I believe . . .
- #130,029
- Feb 20, 2014 9:37pm Feb 20, 2014 9:37pm
{quote} If you think Mike took that trade and was actually "biting his nails off for 2 hours" you don't know him and you definitely don't know (or have misconstrued) what we do here. That was a Bullish Outside Bar trade, as good as it gets. Its probably ok to be bragging about your low draw down - high gain trades provided you're willing to respect alternative approaches. At the end of the day it's never about that one trade anyway is it?
Well, no. It did go straight into profit.. which was great. Kudos ! But, there was a better entry to be taken in that specific session which I pointed out.. Perhaps we aren't on the same page, as I do not know what a bullish outside bar trade is. I could tell you, the risk of it retracing back to the decending trendline and revisiting 1.0950 was just as good and probable, as getting into @ 1.1030 and expecting it to take off as it did, or perhaps entering @ 1.0940... in the first place.
Who knows?
lowest draw down possible please.
- #130,030
- Feb 20, 2014 9:51pm Feb 20, 2014 9:51pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Well, no. It did go straight into profit.. which was great. Kudos ! But, there was a better entry to be taken in that specific session which I pointed out.. Perhaps we aren't on the same page, as I do not know what a bullish outside bar trade is. I could tell you, the risk of it retracing back to the decending trendline and revisiting 1.0950 was just as good and probable, as getting into @ 1.1030 and expecting it to take off as it did, or perhaps entering @ 1.0940... in the first place. Who knows?
In that sense Mike's trade was just a conventional pure James16 trade right there. Doesn't mean there couldn't have been a more profitable way of milking that one setup but then every method doesn't completely rely on a hefty R:R every time for the edge. The James16 method sure doesn't. If you read the first few 100 pages or so you'll probably have a better idea of where I am coming from.
g.
I believe . . .
- #130,032
- Feb 20, 2014 10:44pm Feb 20, 2014 10:44pm
{quote} Why not enter at the pull back to the LLS? We had wonderful confluence with 140.00.
Would you say that this is a A trade? Would you mind explaining how you analyse this?
From my point of view, it doesn't have much space. The fakeout pin bar is trading back into the box. Bar size is big though.
Thank you!
Ken
- #130,033
- Feb 21, 2014 12:18am Feb 21, 2014 12:18am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Ghous & Neytiri Would you say that this is a A trade? Would you mind explaining how you analyse this? From my point of view, it doesn't have much space. The fakeout pin bar is trading back into the box. Bar size is big though. Thank you! Ken {image}
But I loved the location on this one.
Also the entry was off a 1H bar taken earlier than the move above 140.00 but it obviously resulted out of this story I was looking at.
g.
I believe . . .
- #130,036
- Feb 21, 2014 1:53am Feb 21, 2014 1:53am
{quote} No it wasn't an A trade. But I loved the location on this one. Also the entry was off a 1H bar taken earlier than the move above 140.00 but it obviously resulted out of this story I was looking at. {image} g.
N
- #130,037
- Feb 21, 2014 3:16am Feb 21, 2014 3:16am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} You also were in this trade ?
g.
I believe . . .
- #130,038
- Feb 21, 2014 3:21am Feb 21, 2014 3:21am
{quote} No it wasn't an A trade. But I loved the location on this one. Also the entry was off a 1H bar taken earlier than the move above 140.00 but it obviously resulted out of this story I was looking at. {image} g.
So, a fakeout can be form by a lot of bars (not necessarily a few bars). It doesn't matter how many bars there is. As long as price doesn't respect the concept of support and resistance, then it is a fakeout setup.
If price moves in the direction of the red arrow instead of breaking through the resistance, then the fakeout would be invalid. Am I understanding this correctly?
Thank you
Ken
- #130,040
- Feb 21, 2014 4:05am Feb 21, 2014 4:05am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Ghous, So, a fakeout can be form by a lot of bars (not necessarily a few bars). It doesn't matter how many bars there is. As long as price doesn't respect the concept of support and resistance, then it is a fakeout setup. If price moves in the direction of the red arrow instead of breaking through the resistance, then the fakeout would be invalid. Am I understanding this correctly? Thank you
Yes exactly, the fake out occurs when support fails to become resistance on the pull back and flips back to support when price makes its way back up (and vice versa too). Just like you can combine multiple bars to form a pin bar or an outside bar, likewise you can combine multiple bars to create your fake out too.
g.
I believe . . .