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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

  • #132,261
  • Sep 15, 2014 12:48pm Sep 15, 2014 12:48pm
Hi All,
anybody is following GBPCAD in this days ?
Regards
Thanks to share
Cheers !
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  • #132,262
  • Sep 15, 2014 12:49pm Sep 15, 2014 12:49pm
Quoting zamfir
{quote} Quite simple actually, 115 acting as PPZ and we have a TL on the daily.
Zamfir, could you please explain the mean of PPZ and TL (basic info; what are they and how to use)
thanks
Xam
  • #132,263
  • Sep 15, 2014 1:08pm Sep 15, 2014 1:08pm
Quoting Xamarass
{quote} Zamfir, could you please explain the mean of PPZ and TL (basic info; what are they and how to use) thanks Xam
PPZ = Price Pivot Zone
TL = Trend Line

you really need to start from the beginning of the thread mate.

I suggest you check out James16 videos in the guest section on what are PPZs and how they used. Better the master explains it.
  • #132,264
  • Sep 15, 2014 1:30pm Sep 15, 2014 1:30pm
Quoting Trader000
james and mike i know your scheme from the start, the pinbar and everything you sold is gimmick, i can prove you my method work better and more profitable than you by my trading history if you are a honest teacher , you should accept my challenge, even if you lose i still consider you a man , if you are not , then you dont deserve a bit deference from the community ; you are just hustle swindler like all of fraudster out there, the only difference is you guys still not being caught and convicted yet
Hi,

If you have a good profitable system - why do you want to prove that you'r the best trader? Or you are offended by someone?
James has a good source of income and you too - Everyone is happy!
  • #132,265
  • Sep 15, 2014 2:22pm Sep 15, 2014 2:22pm
Quoting zamfir
{quote} PPZ = Price Pivot Zone TL = Trend Line you really need to start from the beginning of the thread mate. I suggest you check out James16 videos in the guest section on what are PPZs and how they used. Better the master explains it.
yes you are right no strong background but I compansate this lack with a natural feeling with the trends;
in around 4 months I did nice trades (only small losses in trading the trends ) a a lot of mistakes
with PBs (for my lack of experiance ) but I think it is worth to spend time in training for additional
further satisfactions (if anyone is interest in my trades on trends I will post - in any case nothing special; simply moving average, foundamental, setiments, few other indication in case od dubts and rigorous MM -> absolutely no more than 3% risk vs total trading capital - stop loss sized on S/R or ATR and take profit as reasonable multiple R of the SL, generally 1:2 o 1:3 - in case I can move SL to Breakeven and moving also TP).
Very basic trading..... but I like semplicity....I'm a simple guy.....so now I'm going to watch videos....
cheers !
Xam
  • #132,266
  • Sep 15, 2014 3:54pm Sep 15, 2014 3:54pm
Possible short position
EURAUD Daily chart
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  • #132,267
  • Sep 15, 2014 4:10pm Sep 15, 2014 4:10pm
Possible long position
NZDJPY Daily
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  • #132,268
  • Sep 15, 2014 4:41pm Sep 15, 2014 4:41pm
Quoting Alehandro
Possible short position EURAUD Daily chart {image}
Alehandro,
I was looking this pair, but only for the breakout of the TL to consider buying. Because when I see the Weekly, the strong engulfed bar which brought the price above VBRN frightens me of going short.
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  • #132,269
  • Sep 16, 2014 2:44am Sep 16, 2014 2:44am
Quoting Kouroushi
{quote} Alehandro, I was looking this pair, but only for the breakout of the TL to consider buying. Because when I see the Weekly, the strong engulfed bar which brought the price above VBRN frightens me of going short. {image}
Hi Kouroushi,
Yes, you are right, but we have a chance that after a big bullish candle we can see any bearish candle. And this engulfed pattern against down trend on Weekly too. It's not A+++++ , perhaps this scenario will be skiped, let's see.
  • #132,270
  • Sep 16, 2014 3:51am Sep 16, 2014 3:51am
Hi,
I took one entry today on GBPUSD on breakout from BEEB @ Gap + breakout + PPZ which was quite a stress free for me. I took quick profit as I am not stretching my trades yet.
Regards.
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  • #132,271
  • Sep 16, 2014 5:02am Sep 16, 2014 5:02am
Quoting Xamarass
{quote} Hi FxLester, what we are going to do with that ? I think a little signal is coming ! (should be a BUY ?) Lets see tomorrow open price ! Have you already take a position ? Cheers ! Xam
Hi Xam,

I haven't taken any positions on AUD/JPY yet. I'm not a touch trader so I like to wait for PA confirmation. Most of my setups occur on Wed/Thurs when liquidity is the highest.

It is possible that the market is not kind enough to give PA on lower TF's and just take off bullishly. If it does, I'm fine with that and I'll just wait for the next setup. That's just my style though. Different things work for different people.

Trade safe!
Follow me on twitter @FxLester
  • #132,272
  • Sep 16, 2014 5:06am Sep 16, 2014 5:06am
Quoting zamfir
{quote} Quite simple actually, 115 acting as PPZ and we have a TL on the daily.
.
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  • #132,273
  • Sep 16, 2014 7:25am Sep 16, 2014 7:25am
Quoting Neytiri
{quote} . {image}
Hehe, what you have drawn is Trend channel line , NOT a Trend line.

Try again...

Hint: Zoom out on daily.
  • #132,274
  • Sep 16, 2014 7:45am Sep 16, 2014 7:45am
My gbp/chf trade.

Stop in break even

http://s30.postimg.org/6hxhardvl/GBPCHFDaily.png
upload a gif
  • #132,275
  • Sep 16, 2014 7:54am Sep 16, 2014 7:54am
EUR/JPY - a perfect bullish pennant on 1h chart!
i'm waiting for a breakout!

http://s30.postimg.org/kvdw5sgsh/EURJPYH1.png
adult image sharing
  • #132,276
  • Sep 16, 2014 8:14am Sep 16, 2014 8:14am
Quoting zamfir
{quote} Hehe, what you have drawn is Trend channel line , NOT a Trend line. Try again... Hint: Zoom out on daily.
Thanks.

But the same logic applies, right? i.e. price fails to close above brn 115 and the next bar is an inside bar that closes below 115 and the descending trendline. So you place a stop order below the low of the IB, right?


Neytiri
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  • #132,277
  • Sep 16, 2014 8:28am Sep 16, 2014 8:28am
I've got a pending order on AUD/NZD to go long. Nice outside bar engulfing more than 24 hours of price on the 12H chart.
Follow me on twitter @FxLester
  • #132,278
  • Sep 16, 2014 8:34am Sep 16, 2014 8:34am
Quoting Neytiri
{quote} Thanks. But the same logic applies, right? i.e. price fails to close above brn 115 and the next bar is an inside bar that closes below 115 and the descending trendline. So you place a stop order below the low of the IB, right? Neytiri {image}
Right.
  • #132,279
  • Sep 16, 2014 8:56am Sep 16, 2014 8:56am
Quoting FxLester
{quote} Hi Xam, I haven't taken any positions on AUD/JPY yet. I'm not a touch trader so I like to wait for PA confirmation. Most of my setups occur on Wed/Thurs when liquidity is the highest. It is possible that the market is not kind enough to give PA on lower TF's and just take off bullishly. If it does, I'm fine with that and I'll just wait for the next setup. That's just my style though. Different things work for different people. Trade safe!
This is key.

Most of the areas I mark never end up giving me the exact entry I want. It's tough to sit on your hands even when you have a good idea what's going to happen but eventually it becomes what keeps one in check.

Important words here

Mike
  • #132,280
  • Sep 16, 2014 9:26am Sep 16, 2014 9:26am
Quoting Neytiri
{quote} . {image}
Hi Neytiri, i think this is the setup upon which Zamfir based his entry on CHFJPY.
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Market can stay irrational longer than you can stay solvent.
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