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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

  • #136,601
  • Aug 20, 2015 10:31am Aug 20, 2015 10:31am
CADCHF W1 bearish pinbar, TP hit.

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Had to be me. Someone else might have gotten it wrong.
  • #136,602
  • Aug 20, 2015 12:06pm Aug 20, 2015 12:06pm
Quoting mordin
CADCHF W1 bearish pinbar, TP hit. {image}
Nice trade, mordin. btw just curious, are you a big Mass Effect fan?

EUR/USD D1, DBLHC at minor swing low. PPZ and Fib confluence. Some quick 60 pips in one day.
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  • #136,603
  • Aug 20, 2015 12:57pm Aug 20, 2015 12:57pm
Quoting oble
{quote} Nice trade, mordin. btw just curious, are you a big Mass Effect fan? EUR/USD D1, DBLHC at minor swing low. PPZ and Fib confluence. Some quick 60 pips in one day. {image}
Thank you very much!
Your trade is quite nice too! I don't actually know why I didn't notice that, I guess I was just sleepy (D1 candle starts 11pm my time).

I absolutely love Mass Effect!! I have the three games (the last one collector edition), the books, little statues, the Risk Mass Effect Edition, a mechanical keyboard and a mouse Mass Effect edition too from Razer, and iPhone case, and I'm planning in getting the new Monopoly that have just been released lol. I love the whole mass effect universe, I completed each game several times also.
And you oble?
Had to be me. Someone else might have gotten it wrong.
  • #136,604
  • Aug 20, 2015 1:59pm Aug 20, 2015 1:59pm
Quoting oble
{quote} Nice trade, mordin. btw just curious, are you a big Mass Effect fan? EUR/USD D1, DBLHC at minor swing low. PPZ and Fib confluence. Some quick 60 pips in one day. {image}
Good trade! I put my order on retrace & missed it... Thought it would jump under weekly s/r
  • #136,605
  • Aug 21, 2015 1:11am Aug 21, 2015 1:11am
Quoting mordin
{quote} Thank you very much! Your trade is quite nice too! I don't actually know why I didn't notice that, I guess I was just sleepy (D1 candle starts 11pm my time). I absolutely love Mass Effect!! I have the three games (the last one collector edition), the books, little statues, the Risk Mass Effect Edition, a mechanical keyboard and a mouse Mass Effect edition too from Razer, and iPhone case, and I'm planning in getting the new Monopoly that have just been released lol. I love the whole mass effect universe, I completed each game several times...
Thanks Missing trades is fine IMHO, and entering a trade when you're not properly focused could be disastrous, considering how psychological trading is. DBHLC/DBLHC is a PA setup that I tend to pay close attention to, because I find that they are reliable when played right. Keeping the chart marked with boxed areas and PPZs for a few days makes these things jump out when they do form.

And wow.. That's amazing. I'm very late to the Mass Effect party, having only finished ME1 recently and started ME2 just last week, but boy am I hooked. Really enjoying the games so far. I downloaded the trilogy collection from Origin.

Quoting antisystem
{quote} Good trade! I put my order on retrace & missed it... Thought it would jump under weekly s/r
Thanks! To me, the DBLHC bounced off BRB 1.1000 and closed strongly above the PPZ around 1.1100 and not trading directly into traffic nor trouble area within the next 20~30 pips on daily, so I had confidence to enter on break rather than on retrace. I did get out a little early because I didn't want the trade to turn on me when it reached the minor PPZ around 1.1200.

Speaking of which, price did break above that area, I took a look at the lower TF once price broke above that area, and spotted a setup on H4 that I've been wantng to test: IB4. Decided to give it a go because there's sufficient confluence for me (PPZ + another Fib ret level around 1.12).
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  • #136,606
  • Aug 21, 2015 4:07am Aug 21, 2015 4:07am
EURGBP 4HR OB, false breakout?

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  • #136,607
  • Edited 6:30am Aug 21, 2015 6:18am | Edited 6:30am
GBP/JPY. H4. BEOVB. Profit locked.

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EUR/JPY H4. DBHLC.

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'Fail to plan, plan to fail'
  • #136,608
  • Aug 21, 2015 7:44am Aug 21, 2015 7:44am
EURGBP almost there...

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  • #136,609
  • Aug 21, 2015 9:26am Aug 21, 2015 9:26am
Quoting zamfir
EURGBP almost there... {image}
good trade, Zamfir. I also managed to catch the EurUsd move thanks to a BUOB
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Market can stay irrational longer than you can stay solvent.
  • #136,610
  • Aug 21, 2015 12:54pm Aug 21, 2015 12:54pm
Nice one FXBat. My target also hit on EURGBP.

Hope everyone had a good week because we had some decent pips.

Setups for this week :- Aug 17-21

Total Net Pips = 870

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File Type: zip Aug_17_21.zip   273 KB | 623 downloads


Have a nice weekend!
  • #136,611
  • Aug 21, 2015 2:55pm Aug 21, 2015 2:55pm
Quoting Kershey
T-Bond: Amied for trend continuation after 4H outside bar wich was followed by the first D1 close above BRN of 158.00. Placed the stop below the last swing high.
Trend continuation:
Target reached after SL was hit.
-2.4 instead of +3.4 percent
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  • #136,612
  • Aug 21, 2015 3:17pm Aug 21, 2015 3:17pm
EUR/AUD long touch trade at BRN support.
Potential RR 1:6 to 1:10
Took profit early at 1:2.4
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  • #136,613
  • Aug 21, 2015 3:36pm Aug 21, 2015 3:36pm
One more reason to trade D1 instead of 4H candles or
to operate with daily highs/lows or
to skip trading minor pairs

failed 4H pin in USD/SEK (EUR/USD) after retracement entry of small D1 pin,
got out at break even.
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  • #136,614
  • Aug 21, 2015 3:50pm Aug 21, 2015 3:50pm
Quoting Kershey
One more reason to trade D1 instead of 4H candles or to operate with daily highs/lows or to skip trading minor pairs failed 4H pin in USD/SEK (EUR/USD) after for retracement entry of small D1 pin, got out at break even. {image}
Your failed Pin is NOT at a Swing High or Swing LOW -that's why it failed. Plus pin that worked was at swing high and bounced of your ma = CONFLUENCE
K. you have to study the use of pins and their location and the use of CONFLUENCE. You are still looking at pins etc in isolation.
Mike was correct when he said you will suffer losses and disappointments before achieving success. You have to keep revising this thread and the PDF's etc posted up by various people. Go through all James16 images and look at his set ups. After a few thousand hours of study and practice this stuff starts to gel but the trader has to have the stamina and desire to last the course. Good luck.
every Saint has a past. Every Sinner has a Future
  • #136,615
  • Aug 21, 2015 4:02pm Aug 21, 2015 4:02pm
Quoting Kershey
One more reason to trade D1 instead of 4H candles or to operate with daily highs/lows or to skip trading minor pairs failed 4H pin in USD/SEK (EUR/USD) after retracement entry of small D1 pin, got out at break even. {image}
You're catching good setups. Keep building your confidence. I'm rooting for ya!
1.02^200
  • #136,616
  • Aug 22, 2015 2:08am Aug 22, 2015 2:08am
Quoting Kershey
One more reason to trade D1 instead of 4H candles or to operate with daily highs/lows or to skip trading minor pairs failed 4H pin in USD/SEK (EUR/USD) after retracement entry of small D1 pin, got out at break even. {image}
Kershey, please try to read this link and learn the setups that J16 uses properly. It is obvious that you learned only 50% of the info related to the pinbars.

http://swing-trading-strategies.com/...ng-strategies/

cheers.
Market can stay irrational longer than you can stay solvent.
  • #136,617
  • Aug 22, 2015 10:43pm Aug 22, 2015 10:43pm
Quoting Seabreeze
{quote} Yeah what a clown The only strategy you need is as teached by mike on this thread alone. Mike knows his stuff and teaches it very well with great patience. I don,t post much on here but I do look in everyday and trade james16 as my main strategy and very similar to mike's teaching and would like to send a personal thank you to Mike for his hard work and wish his girlfriend all the best. If I could give one small piece of advice to new readers that would make a huge differance it would be don't trade into traffic Kind Regards...
thank you seabreeze and the rest of you

We are very hopeful this one will be it after a long year(5 surgeries). Shes in recovery mode now and lucky for me I work from home so I can take care of her

SB your post made my day too and I read it the other day.

Thanks again
Mike
  • #136,618
  • Aug 23, 2015 7:11am Aug 23, 2015 7:11am
Quoting mbqb11
Hey K What you are misunderstanding about James16 is that what we do is about formulating a story around strong confluence...

Hey Mike,

thanks for the worthwhile and very interesting conversation.
In retrospect I did emphasized to pure occurance of pins to high
and undervalued confluence at the same time.
I think what you call touch trades does fit my personality best,
maybe you can share a link from a J16 senior who specialized on that ?
It may be offtopic, but I think there are many things more important than making money
and health is one of them.
In this context I whish you all the best health for your girlfriend and your loved ones.

K
  • #136,619
  • Aug 23, 2015 7:17am Aug 23, 2015 7:17am
Quoting mbqb11
{quote} thank you seabreeze and the rest of you We are very hopeful this one will be it after a long year(5 surgeries). Shes in recovery mode now and lucky for me I work from home so I can take care of her SB your post made my day too and I read it the other day. Thanks again Mike
Mike, how is the new site?
  • #136,620
  • Aug 23, 2015 8:49am Aug 23, 2015 8:49am
Quoting keziahpie
{quote} Mike, how is the new site?
We should have some updates very shortly K, we will announce here when we do for sure

Best
Mike
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