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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

  • #130,781
  • May 3, 2014 2:45pm May 3, 2014 2:45pm
Quoting Winston Reed
I paid my $129/month x 12 months and now I'm a lifer. Damn proud of it too!!!. I have studied all of James' material religiously and watched all of Mike's webinars multiple times. I am a better trader because of it. I post infrequently but I read every post every day in this wonderful thread. It is probably one of about 2 or 3 commercial threads that I believe have any credibility. I must have read the first 100 or so pages about 20 times by now just to take in the genius of James himself. Simple, basic yet so effective if used properly. Naysayers,...
The question is whether or not you are a profitable trader. I'm not going to ask you for proof - you know what the truth is and so does everybody else who has paid for the material on the private forum. And quite frankly, I'm not here to hawk or otherwise promote any other commercial agenda, so the costs of other systems is hardly of concern to me. Believe me when I say I have a close eye on quite a few of them for suspicious behavior and have called others out on their shenanigans as well. J16 is not "special".

Quoting Winston Reed
{quote} I look forward to the day that you or those like you find credible evidence that J16 is what you hope it to be. You should start a thread just for that purpose so I and others can follow along more easily as you investigate and come up with more dirt. But while you are doing this I and many others will continue trading the J16 way. By the way...I couldn't be more proud to be on your ignore list. Carry on!!!
I've already found credible evidence backed up by some pretty straightforward logic. I don't really care if you've wasted your money now though and are defending this because not to do so would be to admit you were a fool in forking over the cash. After all, you said it yourself - you follow this stuff religiously. Evidence be damned, I have faith!
  • #130,782
  • May 3, 2014 2:48pm May 3, 2014 2:48pm
Quoting Kanzler
{quote} The question is whether or not you are a profitable trader. I'm not going to ask you for proof - you know what the truth is and so does everybody else who has paid for the material on the private forum. And quite frankly, I'm not here to hawk or otherwise promote any other commercial agenda, so the costs of other systems is hardly of concern to me. Believe me when I say I have a close eye on quite a few of them for suspicious behavior and have called others out on their shenanigans as well. J16 is not "special". {quote} I've already found...
Show me your proof and I'll show you mine.
  • #130,783
  • May 3, 2014 2:51pm May 3, 2014 2:51pm
Quoting Winston Reed
{quote} Show me your proof and I'll show you mine.
My success is not relevant to the discussion here, yours is. You want to defend J16's methodology, show us something that's long term and can be verified.
  • #130,784
  • Edited 3:20pm May 3, 2014 3:03pm | Edited 3:20pm
Come on Winston, I know you're out there lurking. You want to defend your personal investment in J16, show us a valid account statement where you've used price action as taught here with a low risk of ruin (no martingale or massive stops) and I swear I'll eat every one of my words. How's that for a deal?

Waiting for Winston to get done photoshopping something together. I'll be back later.
  • #130,785
  • May 3, 2014 3:33pm May 3, 2014 3:33pm
Thx Guys!

Last one from me. It's screen from H4 but i will be looking for H1 opportunity for this one in grey area....

What do you think?
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  • #130,786
  • May 3, 2014 3:34pm May 3, 2014 3:34pm
german slt on weekly. strong uptrend with breakout.
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meine augen sind die sterne
  • #130,787
  • May 4, 2014 1:24am May 4, 2014 1:24am
Quoting Kanzler
Come on Winston, I know you're out there lurking. You want to defend your personal investment in J16, show us a valid account statement where you've used price action as taught here with a low risk of ruin (no martingale or massive stops) and I swear I'll eat every one of my words. How's that for a deal? Waiting for Winston to get done photoshopping something together. I'll be back later.
Guys please! - Take it somewhere else.

I'm not sure if anyone will ever get profitable by copying someone's "system". I have studied the basics of PA here, cut the "crap" out of the james16/jarroo systems (you see? I didn't follow it religiously), enhanced it myself and now I have a profitable system. If you are a true trader you know this only works this way...

Am I trading the traditional james16 sysem? No. Profitable? Seems so. Shall I be thankful for the james16 group? Yes - it's a great starting point for new traders.

And it's all here at the FF thread. Nobody requires you to pay. And til this day I say that this is one of the best free, traditional PA materials / P thread out there. (If you know other free places please text me in private. I always like to check new things out. They might have fancy youtube videos but they won't say anything new, i bet.)

Please continue your argument / discussion in private.

Thank you.
Stephen
It's all psychology...
  • #130,788
  • May 4, 2014 1:31am May 4, 2014 1:31am
Quoting Desmondo
Thx Guys! Last one from me. It's screen from H4 but i will be looking for H1 opportunity for this one in grey area.... What do you think? {image}
Looks good to me

But don't seek too much advice here. Before the trade you get all the "not enough space, 2 bars already tested those lows" crap, but if the setups works out fine you get the "great trade" responses. (Im not talking about the james16 - im talking about all the forums you can think of.) Go, take a print screen and demo trade as much as you can. After 100 of such "swing low fake-outs" you can build your own system around it.

Best of luck!
Stephen
It's all psychology...
  • #130,789
  • May 4, 2014 1:38am May 4, 2014 1:38am
Quoting Desmondo
Thx a lot Albus & Njodogg! What about AU? {image}
Look for pinbars at Swing highs/lows or at S/R levels. IMHO fibos are one of the many useless stuff. I would never place a trade because there is the 38 / 61 ret of the fibo. Nor would any professional trader. Since this pin is not at any S/R or swing I would pass on it. (I would definitely pass on it casue im not trading the traditional james16 stuff...) BUT it doesn't mean you have to. You will never get good at something by following others. Break some rules - take a print screen of the daily, H1 setup save them to a folder, and trade these setups. You might realize something like "these setup have potential, but you have to enter at the left eye and target the first FTA (which is marked on your chart well).

Take care.
Stephen
It's all psychology...
  • #130,790
  • May 4, 2014 2:01am May 4, 2014 2:01am
Quoting LamerTrader
{quote} Guys please! - Take it somewhere else. I'm not sure if anyone will ever get profitable by copying someone's "system". I have studied the basics of PA here, cut the "crap" out of the james16/jarroo systems (you see? I didn't follow it religiously), enhanced it myself and now I have a profitable system. If you are a true trader you know this only works this way... Am I trading the traditional james16 sysem? No. Profitable? Seems so. Shall I be thankful for the james16 group? Yes - it's a great starting point for new traders. And it's all here...
Already done, which is why this thread hadn't seen updates otherwise. I've said what I have to say here anyway, people can make their own judgment call on it.
  • #130,791
  • May 4, 2014 2:36pm May 4, 2014 2:36pm
What do you think about this AUDUSD pinbar?
There are also pinbars on EURUSD and USDJPY, likely driven by U.S. dollars moves after Friday's payrolls.

So, any of the USD major pairs could be traded, but AUD is also nicely at a key support level and in line with the recent trend.

Unfortunately there is no Fibo level and no key EMAs confluence.
Unfortunately, there is also a resistance right above.

I still think about trading it on a retracement, with a limit order around Wednesday's low (two bars before the last bar), stop below last bar.

I also think I see BUEOB on XAUUSD, also at a key level, but also with a resistance rigth above. Thoughts?
Thanks!
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Michal9
  • #130,792
  • May 4, 2014 2:45pm May 4, 2014 2:45pm
Quoting michal9
What do you think about this AUDUSD pinbar? There are also pinbars on EURUSD and USDJPY, likely driven by U.S. dollars moves after Friday's payrolls. So, any of the USD major pairs could be traded, but AUD is also nicely at a key support level and in line with the recent trend. Unfortunately there is no Fibo level and no key EMAs confluence. Unfortunately, there is also a resistance right above. I still think about trading it on a retracement, with a limit order around Wednesday's low (two bars before the last bar), stop below last bar. I also think...
I think the AUDUSD is gonna crash right into that 0.93 level. If it can break and close above that level then maybe a good entry on the retrace?
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  • #130,793
  • May 4, 2014 4:01pm May 4, 2014 4:01pm
Chart:

Upside is a little tricky but with the major trend.
Downside has more room but no divergence

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  • #130,794
  • May 4, 2014 4:21pm May 4, 2014 4:21pm
Quoting michal9
What do you think about this AUDUSD pinbar? There are also pinbars on EURUSD and USDJPY, likely driven by U.S. dollars moves after Friday's payrolls. So, any of the USD major pairs could be traded, but AUD is also nicely at a key support level and in line with the recent trend. Unfortunately there is no Fibo level and no key EMAs confluence. Unfortunately, there is also a resistance right above. I still think about trading it on a retracement, with a limit order around Wednesday's low (two bars before the last bar), stop below last bar. I also think...
Dont ask - demo trade it. Then learn from your mistakes

Hard to tell though. The trade doesn't have too much space. (9300 right in front of you, and then you have the top of the box (or minor S/R) at 9315)
On the other had look how those 2 highs line up at 9315. I don't even want to know how many traders have stops there. For professional traders it might be a nice "get long and squeeze the shorts" signal...

I personally won't take it since that's not how I trade. Though i'm pretty sure that I guy i know is already long by now, and going for the stops

Cheers,
Stephen
It's all psychology...
  • #130,795
  • May 4, 2014 5:45pm May 4, 2014 5:45pm
just my take for gold pair.......................
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  • #130,796
  • May 5, 2014 6:00pm May 5, 2014 6:00pm
Quoting LamerTrader
{quote} Looks good to me But don't seek too much advice here. Before the trade you get all the "not enough space, 2 bars already tested those lows" crap, but if the setups works out fine you get the "great trade" responses.


Its one of the main reasons I stopped posting so much on this thread or anywhere else for that matter. There is just too much 'noise'/to many people with their own tweak on the method. When I stopped reading everyones replies to other peoples charts/setups and just started trading and recording all the stats (entry/tp etc) I started to become profitable. I still post charts here and there for the few people who have asked me to do so.

Take care
Dan
  • #130,797
  • May 6, 2014 5:29am May 6, 2014 5:29am
Can somebody direct me to posts that give a detailed explanation of what wickplay/wickfills are and how to trade them?


Thanks,

Neytiri
  • #130,798
  • May 6, 2014 6:08am May 6, 2014 6:08am
Good Trades (3) running on EURNZD off Weekly Price Action.
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  • #130,799
  • May 6, 2014 9:32am May 6, 2014 9:32am
Quoting Neytiri
Can somebody direct me to posts that give a detailed explanation of what wickplay/wickfills are and how to trade them? Thanks, Neytiri
Mike has thread on wickplays in the PF. I dont believe he talks much about it here though ...

Take care
Dan
  • #130,800
  • May 6, 2014 11:45am May 6, 2014 11:45am
this pair input signal is giving this seems like a false start, hopefully the price back, which can be taken for the wide divergence is observed.
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