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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

  • #137,301
  • Edited Oct 15, 2015 12:15am Oct 14, 2015 3:38pm | Edited Oct 15, 2015 12:15am
Quoting Kershey
Two loosing trades with j16 method. Failed pin and failed IB. {image}
I have one winning (or not loosing) trade with j16 method at this chart. BEOB weekly
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There is strong bearish movement. No important level for PB to form a reversal, no s/r neither at daily nor at weekly chart...
I don't like IB, I don't understand it now. As for me this IB is too large to play, about 100 pips... If I'm not mistaken, Zamfir or Mike told not to trade such IB, IBs should be small...
Quoting zamfir
{quote} Plan your locations in advance and then expect to see a PA. if you look for every PA for reversal , you are going to get lots of bad setups.
  • #137,302
  • Oct 15, 2015 12:15am Oct 15, 2015 12:15am
Hai All,
This is my first time to posting in this thread.

I already view and practicing this method from April 2015, and this method is simple, easy to applicated, and proven.

What i like from this method, i can using this at the beginning of the market open, and then i can go to work.

So, i will post my trade from April, which is one time hit Stop Loss. And i use trailing stop 30 pips

Thanks for All
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  • #137,303
  • Oct 15, 2015 2:27am Oct 15, 2015 2:27am
Quoting Kershey
Two loosing trades with j16 method. Failed pin and failed IB. {image}
Hey Kershey, that IB at 1.29 BRN was a good trade to me, and it did move higher, hitting the expected trouble area 50 pips above before falling again. Remember what I spoke about in PM concerning RR vs James' style? This is a classic example. I didn't take this trade though, I try to avoid this pair like the plague; it’s like Arsène Wenger, a specialist in failure. Keep ya chin up, you know how it goes... a couple losers followed by a nice string of winners!
  • #137,304
  • Oct 15, 2015 2:48am Oct 15, 2015 2:48am
Quoting gelbear
Hai All, This is my first time to posting in this thread. I already view and practicing this method from April 2015, and this method is simple, easy to applicated, and proven. What i like from this method, i can using this at the beginning of the market open, and then i can go to work. So, i will post my trade from April, which is one time hit Stop Loss. And i use trailing stop 30 pips Thanks for All {image}
Hello Gelbear, I don't understand some of the trades you've taken.
Can you fill in the blanks?

1. BUOB
2. DBLHC
3. _____
4. _____
5. PB
6. _____
7. DBLHC
8. DBLHC
9. IB
10. BEOB
11. 2 Matching Highs?
12. _____
13. BUOB
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Oh and well done on only losing once since April I already got two losers for the week.
  • #137,305
  • Oct 15, 2015 4:10am Oct 15, 2015 4:10am
Quoting incognito517
{quote} Hello Gelbear, I don't understand some of the trades you've taken. Can you fill in the blanks? 1. BUOB 2. DBLHC 3. _____ 4. _____ 5. PB 6. _____ 7. DBLHC 8. DBLHC 9. IB 10. BEOB 11. 2 Matching Highs? 12. _____ 13. BUOB {image} Oh and well done on only losing once since April I already got two losers for the week.
Hi incognito517 , let me answer, CMIIW

3.DBLHC
4.DBLHC
6.BEOB
11. yessss
12. False Pin Bar

im sorry number 12 hit Stop Loss.
Yups, maybe a month i only trade 1 or 2 / Pair
Im not heavy treader
  • #137,306
  • Oct 15, 2015 4:16am Oct 15, 2015 4:16am
Quoting alphac
SGDJPY 4HR, approaching top of box. Just wait for price action when it gets there, set an alert and go have a life. {image} GBPAUD 1HR, if you want to trade the smaller timeframes you still don't have to watch the screen, set alerts at the S & R levels. {image}
You mean like this reasonable PB
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  • #137,307
  • Oct 15, 2015 4:24am Oct 15, 2015 4:24am
Quoting Kershey
Two loosing trades with j16 method. Failed pin and failed IB. {image}
Hi Kershey!
This is my opinion in this situation...
Cheers,
Rob
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  • #137,308
  • Oct 15, 2015 4:52am Oct 15, 2015 4:52am
Quoting gelbear
{quote} Hi incognito517 , let me answer, CMIIW 3.DBLHC 4.DBLHC 6.BEOB 11. yessss 12. False Pin Bar im sorry number 12 hit Stop Loss. Yups, maybe a month i only trade 1 or 2 / Pair Im not heavy treader
Hey Gelbear, these are not right. Engulfing bars need to engulf the whole range of the previous bar, not just the real body. Problem with your DBLHC/HLC as well. Take a look at this:
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Hope that helps.
  • #137,309
  • Oct 15, 2015 7:55am Oct 15, 2015 7:55am
Quoting Bill618
{quote} You mean like this reasonable PB {image} {image}
Yes Bill, it's not the best pinbar in the world but it worked out, WD.
  • #137,310
  • Oct 15, 2015 8:05am Oct 15, 2015 8:05am
Quoting alphac
gbpusd daily at 1.55, has been a significant s&r area. {image}
gbpusd 4hr.

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  • #137,311
  • Oct 15, 2015 8:34am Oct 15, 2015 8:34am
Quoting robert076
{quote} Hi Kershey! This is my opinion in this situation... Cheers, Rob {image}
this is a beautiful chart Robert
  • #137,312
  • Oct 15, 2015 9:04am Oct 15, 2015 9:04am
Quoting alphac
{quote} gbpusd 4hr. {image}
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  • #137,313
  • Oct 15, 2015 9:18am Oct 15, 2015 9:18am
Quoting incognito517
{quote} Hey Gelbear, these are not right. Engulfing bars need to engulf the whole range of the previous bar, not just the real body. Problem with your DBLHC/HLC as well. Take a look at this: {image} Hope that helps.
Thanks incognito517. Its difficult to me to diffenciate between bueob and dblhc
  • #137,314
  • Oct 15, 2015 11:14am Oct 15, 2015 11:14am
Hi guys,
i've been following James method for a while and still struggling a bit with filtering the right PA setups from plenty of them.
Yesterday I spotted 2 good (IMO) setups - EURGBP (BUOB) and GBPCHF (BEOB) on daily chart. I waited for a good retrace to minimize my SL, but...
EURGBP - I was kicked out. GBPCHF still have chances for success. Any thoughts on these two?
Attached Image(s) (click to enlarge)
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  • #137,315
  • Oct 15, 2015 11:28am Oct 15, 2015 11:28am
Quoting mbqb11
{quote} this is a beautiful chart Robert
Thx Master!
  • #137,316
  • Oct 15, 2015 11:57am Oct 15, 2015 11:57am
Euraud - be.

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  • #137,317
  • Oct 15, 2015 12:04pm Oct 15, 2015 12:04pm
Quoting peyta
Hi guys, i've been following James method for a while and still struggling a bit with filtering the right PA setups from plenty of them. Yesterday I spotted 2 good (IMO) setups - EURGBP (BUOB) and GBPCHF (BEOB) on daily chart. I waited for a good retrace to minimize my SL, but... EURGBP - I was kicked out. GBPCHF still have chances for success. Any thoughts on these two? {image} {image}
Hey Peyta,

EURGBP - my best guess is you bought right into a VBRN - 0.7500. Never do this , 90% of time you will reverse on you.

GBPCHF - Good confluence(50% RET with PPZ and TL) with 4h PA confirmation , but no break yet.

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  • #137,318
  • Oct 15, 2015 1:12pm Oct 15, 2015 1:12pm
Thanks Zamfir.
Now it's more clear, I don't know how the hell I missed this significant level. I went once again to weekly chart and found one more swing and draw fibo.
0.5 almost perfectly at 0.7500. If we go under 0.7300 at the end of tomorrow we might have reversal and start of swing low.
 
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  • #137,319
  • Oct 15, 2015 1:39pm Oct 15, 2015 1:39pm
two winners.
USD/CHF: J16-trade, break of D1 outside bar with stop over the bar. RR clearly under 1:1.
GBP/JPY: non-J16-trade, supply/demand short at interesting zone. RR slightly over 1:1.
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  • #137,320
  • Oct 15, 2015 1:51pm Oct 15, 2015 1:51pm
Quoting peyta
Yesterday I spotted 2 good setups - EURGBP (BUOB) - I was kicked out. Any thoughts on these two?
Sure, if it doesn't go up, it goes down
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It takes a lot for me to IGNORE you, but you can try.
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