james16 Chart Thread

Hey everyone. I'm new here and eager to follow this thread. I've just spoken to Mike via message and he said they will be doing a webinar in about 30 min. As I cannot send any more messages today (3 a day I've just found out) can anyone tell me how can I join the webinar?

Mike? Anyone?

Thanks

glad to have you bud

2 for 2 on my USDZAR trades. Target is hit, BE and runners.

I remember from Al Brooks course, Context and Location is >>> signal bar the signal bar in this case is not all that great but still i thought the entry location is fine and there is enough space till we hit head winds.

body{zoom:135%!important;}Hi guys, I've been searching and can't seem to locate an EA that would open a buy/sell order based on a specific candlestick pattern: Bearish and bullish outside vertical bars (BEOVB / BUOVB).

I've been using the VM_Price_Action 1.2 with alerts when those price patterns appear, however I would really appreciate it if someone can point me in the right direction of an EA. I have my own money management and set of rules of when to go long only / short only, but that EA would make day job a lot easier and my trading much more efficient. Thanks!

anyone know what happened to jarroo? according to his profile his last post was july 2013....
i miss his charts.

And I miss volative markets

take a look at the stock market and the futures. still a lot is going up there. esp. with ym. :-)

Update time.

Sudden volatility as of now...

Some good moves.

GBPUSD - BE for now.



USDCHF - up up and away....



AUDCAD - BE for now.

good charts above, keep em coming

!!! USDCHF is thing of beauty....especially from a trade management perspective.

Hi guys,
its my first post here in this thread. I followed it for the last 80 pages, watched some of the videos and love it.
Many thanks to all of you who help each other - especially mike.
In my watchlist there are all the majors and minors (about 30 FX) my broker offers.
Today I "discovered" USDSGD weekly chart, which touched the bottom of a triangle for the third time and rebounced at the RN 1.24, followed by a strong bullish candle. First target maybe about 125pips away at the first trouble area, second target at the upper side of the triangle.
I know, there is some traffic on the way to target. I know too, its not a A+ deal. But RR is 2:1 for the first target (SL at bottom of the bullish candle) and about 3,5:1 for the second target.
Any opinions would be appreciated. Thanks.

Hi Doerpn!

Nice chart. In my analysis, I believe price has already made it to the first area of resistance and you're probably a bit late to be taking this trade. Here is my view:


I think the area you have marked out is decent. However the price action is quite small and I personally would not have taken this trade.

In terms of how this price action signal has played out, I believe the it has already given what is to be expected by reaching the first area and now stalling which I have marked above). Will it break through? Who knows. But it does look like a good run up to your TG1 if it does break past the trouble zone. However, I would personally not risk my capital to find out.

Stay safe mate.

to all the brilliant people here
i am subscribed on the j16 group but not sure where to put my question so i will post here
is it difficult to learn trading this method on demo?
ive read you can get around 8-10 trading opportunities a month
thast about 100-120 in a year
is that sufficient opportunities to learn from?
how have people gone about demoing this method
i am playing around with a market replay software which replays historical data but i havn't heard others talk about this so i wanted to hear what people do to demo
thanks in advance!

Does any one know if Chanya ever released Price Breaks Through part 2?? Part one was excellent.
Thanks.

hey guys,

It's been a while since my last post here, as I got pretty bummed out by my charity trades, which make that I still reside below B/E.

Here's a position I just got in tho, what do you guys think of it?
(GBP/USD)


Break below the long ascending daily trendline.


This happened with BEOB at the trendline.
The H4 close was pretty weak, but I took a trade anyway because of its location.

Entry: 1.6885
SL: 1.6930
TP: 1.6810


Went to BE because price reached the area of the weak close. (looks like range on M15)

I'd be happy to hear your feedback!
Donaciello

New entry.

Gold - BE for now.

SL got taken out at +2 pips.

Here a position waiting to play out, what do you think?



4 bar lows ( 87.21) in a situation where a BEOB has yet to break or invalidate.
I put a sell stop there for a quick TP/Exit.

SL I put at 87.58, beyond the BEOB.
TP at 87

Hey Flash

You can PM me in the group if you are ever confused where to post or ask a question

Yes taking limited opportunities is a fantastic way to learn. Trading is a funny thing. Most people come to trading trying to apply what skills they have used in previous endeavors to tackle trading. One of the most common things(and what I've done and most do) is to do more. Meaning Trade more to learn more. Seems logical right. The more we can practice the better we can get. I used to play sports, have had many hobbies and they all tell you to do that. Not to mention schooling right. The more you study the better you do!

Well for me this is one of the biggest fallacies of trading. Because often in trading one of the most counter productive things is to trade "more". Now the term more I put in quotes because it can vary but that's not as important right now. More to someone could be 10 trades a month, or a 100 trades per month.

Generally speaking it's quite the opposite in trading where the less you trade the better or more you learn. Since patience is such a huge factor to success and without proper knowledge of the material most people will over trade. If one focuses on building a foundation then as they get better they can look to expand on that which usually leads to more opportunities per month(or time period). Now even that person might decide it's not necessary to trade more. For example i'd rather put my money behind a new trader who tells me they will look too took 1-3 trades a month and be super picky looking for the best bar at the best location while scanning tons of pairs verse the trader who tells me they are going to take 10 trades a week. Their are just too many variables involved in trading that the new trader will not be able to keep up with from trade to trade and even more so learn from those mistakes.

Now the biggest argument you will hear against say 8-10 trades a month(again insert 1-3, or 4-5, or 20-30 here etc it doesn't matter), is the following: One needs 10,000 + trades to know if one has a sustainable edge. Again that statement is based on "statistics" but in the world of trading what matters is making money. When you trade year in and year out profitably and understand the edge that YOU have you won't care about something like that. You will understand exactly what it is that gives you an edge. THen those people are often chasing this perfect method that they will never find. Or they will over trade trying to increase their exposure to their markets.

Of course this is just an opinion and their are MANY ways to trade. If you make money and consistent then none of this stuff ever matters. You just do what you do each day and trade the markets with confidence and consistency.

But as a J16 follower I want you to know that it is perfectly fine and highly recommended to trade less. You'll be AMAZED at what a few great trades a month can do to an account.

WIth that said also backtesting ideas is a great way to work on your method too. Long time ago I used to do all that stuff and although most things I found during that time you throw out. THe experience is still great.

Hope this helps
Mike

thanks mike, i see your point about learning patience
i suppose i am just eager to get as much screen time as i can!
a key point in your explanation for me was scanning tonnes of pairs. this will help with the chart time and i will have to be picky on each pair!