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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

  • #130,641
  • Apr 21, 2014 6:00pm Apr 21, 2014 6:00pm
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  • #130,642
  • Edited 1:38am Apr 22, 2014 1:27am | Edited 1:38am
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AUDUSD - 12 pips, CADJPY - closed slightly above b/e
  • #130,643
  • Apr 22, 2014 3:38am Apr 22, 2014 3:38am
Quoting mbqb11
{quote} Hey Sniper For me ATRS is too tiny of a pinbar off not a significant enough area to want to get involved. Notice how price has come down hard. I'd want to see a much strong pin to reverse that move. If it does break the high at this point though I think it's got a great shot for your marked area too As for CEMP it looks pretty good but not enough data on the weekly chart has accumulated on this stock for me yet. This skews the look of the bars for me and I don't like to play stocks that haven't been around that long. For those curious both...

Hey Mike

Thanks for your explanations!

Makes sense that after a sharp price drop it needs a "Big" Pinbar to show serious buying intrest and not just profit taking etc.


Have a great day




Have a great day
Lukas
  • #130,644
  • Apr 22, 2014 7:35am Apr 22, 2014 7:35am
exited with 10 pips
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  • #130,645
  • Apr 22, 2014 7:46am Apr 22, 2014 7:46am
Quoting Neytiri
exited with 10 pips {image}
Again the same trade It looks we trade very similarly...

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Lose small, win BIG
  • #130,646
  • Apr 22, 2014 7:52am Apr 22, 2014 7:52am
Quoting ProsteJa
{quote} Again the same trade It looks we trade very similarly... {image}
)
  • #130,647
  • Apr 22, 2014 7:54am Apr 22, 2014 7:54am
http://screencast.com/t/ZUhIcqfot5w

Id Be cautious of EURUSD longs here. Disclaimer, No Position
  • #130,648
  • Apr 22, 2014 7:59am Apr 22, 2014 7:59am
Quoting njodogg
http://screencast.com/t/ZUhIcqfot5w Id Be cautious of EURUSD longs here. Disclaimer, No Position
I locked my profit so I dont worry about this position anymore. And this is my point of view:


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It is not according to the rules of J16 group, but level was very good for trading.
Lose small, win BIG
  • #130,649
  • Apr 22, 2014 9:08am Apr 22, 2014 9:08am
Quoting mbqb11
{quote} Great job Aser Acad was the only other chart that made it to my lists with ADUS. Your chart looks great Best Mike
nice quick easy move
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  • #130,650
  • Apr 22, 2014 12:13pm Apr 22, 2014 12:13pm
exited - 10 pips profit
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  • #130,651
  • Apr 22, 2014 3:30pm Apr 22, 2014 3:30pm
Quoting mbqb11
{quote} nice quick easy move {image}
Yes, already moved my stop
  • #130,652
  • Apr 22, 2014 8:01pm Apr 22, 2014 8:01pm
Quoting aserafino
{quote} Yes, already moved my stop
i got out at that marked area. If it can get over that , should keep moving for ya
  • #130,653
  • Apr 23, 2014 1:29am Apr 23, 2014 1:29am
Finally smth grabbed my attantion. Big 4H BEOB, that comes from the top of formation. If triggers I'll watch the white box to hold.
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If not up, then down, otherwise sideways :-)
  • #130,654
  • Apr 23, 2014 2:26am Apr 23, 2014 2:26am
Quoting Magestic
Finally smth grabbed my attantion. Big 4H BEOB, that comes from the top of formation. If triggers I'll watch the white box to hold. {image}
mama mia, pretty big stop for a 14.00 lot position? .... you need to be 70-80% right to be profitable trading such r:r

does this work for u?

best,
J
Hero calls followed by margin calls...
  • #130,655
  • Apr 23, 2014 7:21am Apr 23, 2014 7:21am
Quoting PhAnTi'
{quote} mama mia, pretty big stop for a 14.00 lot position? .... you need to be 70-80% right to be profitable trading such r:r does this work for u? best, J
I'm Miker's fan, and like his style a lot. So I avoid takeng a full bar loss. I place it at the berginning just to protect the trade from smth terrible that may occure.
If not up, then down, otherwise sideways :-)
  • #130,656
  • Apr 23, 2014 8:46am Apr 23, 2014 8:46am
Quoting Magestic
{quote} I'm Miker's fan, and like his style a lot. So I avoid takeng a full bar loss. I place it at the berginning just to protect the trade from smth terrible that may occure.
Do not worry M, that works VERY well if you do it consistently. Your R:R and more importantly your PROFIT FACTOR(way more important than R:R) will be great. I'm running at a near 80% win rate with a profit factor near 5.

Keep it up M, youre doing great

Mike
  • #130,657
  • Apr 23, 2014 1:53pm Apr 23, 2014 1:53pm
Thoughts on AUDJPY? Big BEOB of a weekly S/R that's been rejected many times in the past three weeks, and there seems to be a lot of space to the left. Do I also see negative divergence?

Thinking of going short if this BEOB holds until close ( in about 2 hours time with my broker ), with a long term target of 92.84, FTA around 94.50, where I would move to BE.

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Cheers!
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #130,658
  • Apr 23, 2014 2:01pm Apr 23, 2014 2:01pm
EURCHF - A BEOB of a trend line that's been well respected over the past few months. Not too far to run until it hits a weekly S/R at 1.2139, and there's a good bit of traffic to the left.

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We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #130,659
  • Apr 23, 2014 2:12pm Apr 23, 2014 2:12pm
Quoting Berserker
EURCHF - A BEOB of a trend line that's been well respected over the past few months. Not too far to run until it hits a weekly S/R at 1.2139, and there's a good bit of traffic to the left. {image}
Hi Berserker.

This is my opinion.

Darek
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  • #130,660
  • Apr 23, 2014 2:16pm Apr 23, 2014 2:16pm
Quoting long2339
{quote} Hi Berserker. This is my opinion. Darek {image}
Cheers Darek. A lot of traffic to look out for... Still tempts me, but tight and quick stops would be needed. Risky.
We are what we repeatedly do. Excellence, then, is not an act, but a habit
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