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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

  • #138,821
  • Mar 21, 2016 3:35pm Mar 21, 2016 3:35pm
Trade idea

AUDNZD - weekly pinbar coming off important PPZ and top of box, close below 1.1200, sell limit at 1.1148 (low of bar) and potential of reaching 1.0850 - 1.0900 (fibo 0.618), MA-365.
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  • #138,822
  • Mar 21, 2016 3:36pm Mar 21, 2016 3:36pm
We have some fantastic price action on the W1 AUD/NZD cross, room to move down too.

Opinions?

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  • #138,823
  • Mar 21, 2016 5:00pm Mar 21, 2016 5:00pm
Quoting peyta
Trade idea AUDNZD - weekly pinbar coming off important PPZ and top of box, close below 1.1200, sell limit at 1.1148 (low of bar) and potential of reaching 1.0850 - 1.0900 (fibo 0.618), MA-365. {image}
Hi peyta and jakeparkin, still a newbie but a think that pinbar is too smal, maybe someone take profit there. I think was a great setup if the high of the pinbar was around 1.14-1.15. sorry for my english
  • #138,824
  • Edited 10:12pm Mar 21, 2016 6:16pm | Edited 10:12pm
Quoting peyta
Trade idea AUDNZD - weekly pinbar coming off important PPZ and top of box, close below 1.1200, sell limit at 1.1148 (low of bar) and potential of reaching 1.0850 - 1.0900 (fibo 0.618), MA-365. {image}
Yeah i have been watching this pair closely based on the 2-day BEOB/DBHLC setup from last week (see chart). But i haven't pulled the trigger and i don't know why other than to say price feels a bit wishy-washy, uncertain, to me. Now that there is a weekly PB, albeit a weakish one, it definitely looks more bearish then bullish. It would make sense for price to head lower to the 200-day sma which is also around the middle of the channel. The worrying factors are that the 50sma has crossed over the 100sma (bullish) and the Stochastics indicator is in oversold territory (although i don't put too much weight on the Stochastics).

Mixed messages. Think i will watch for a while longer and perhaps enter on a break of the consolidation (bottom chart). The RBA Governor speaks in 5 hours from now and it's "rumoured" his words will be aimed at nudging the AUD down? We will likely get some clear direction from his speech.
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  • #138,825
  • Edited 11:50pm Mar 21, 2016 11:34pm | Edited 11:50pm
Quoting florinellz
{quote} Hi v0lchen0k, IMO in usd/jpy we have a box so if you are long i think is the best to close around 112.7-113. Also what cluster did you see there because i don't see? {image}
Hi florinellz.On my chart notes accumulation on the measuring bar. also notes 123 (connected to point 1 and 3). input received after TTE Rh. The aim of the first orders was just below Rh. mark 123, 4 points marked Rh
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  • #138,826
  • Mar 23, 2016 12:44pm Mar 23, 2016 12:44pm
Hi guys i miss a great setup today hope that someone catch this one
NZD/CAD 4H pinbar triple bottom, divergence

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  • #138,827
  • Mar 23, 2016 1:14pm Mar 23, 2016 1:14pm
Hello,

I am very new to this thread, but really like the way how you trade and think about market.
Last few months I am "trying" to trade just with PA and especially pin bars. The true is, that I am not successful at all
I have very small win ratio. Actually better description is, that I loose with very nice consistency.
Probably I do the same mistake all the time, but I cant see it. That is why I have decided to post my recent trade.
Please be critic and show me what is wrong about it

Thank you,
James

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  • #138,828
  • Edited 4:20pm Mar 23, 2016 3:25pm | Edited 4:20pm
Quoting Jsbs
Hello, I am very new to this thread, but really like the way how you trade and think about market. Last few months I am "trying" to trade just with PA and especially pin bars. The true is, that I am not successful at all I have very small win ratio. Actually better description is, that I loose with very nice consistency. Probably I do the same mistake all the time, but I cant see it. That is why I have decided to post my recent trade. Please be critic and show me what is wrong about it Thank you, James {image}
Hi Jsbs, i'm still a newbie but let my say what i consider it's wrong with the pinbar that you took and you have a loss.
1. this is not realy a pinbar since the low of the pinbar is not in the prior bar
2. we want to trade the pinbar and other price action bars where we have a ppz or even better where we have a confluence(ppz+fibo+Round Number(RN) )
3. your price touched the FTA

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sorry for my english
  • #138,829
  • Mar 23, 2016 6:44pm Mar 23, 2016 6:44pm
Quoting florinellz
{quote} Hi Jsbs, i'm still a newbie but let my say what i consider it's wrong with the pinbar that you took and you have a loss. 1. this is not realy a pinbar since the low of the pinbar is not in the prior bar 2. we want to trade the pinbar and other price action bars where we have a ppz or even better where we have a confluence(ppz+fibo+Round Number(RN) ) 3. your price touched the FTA {image} sorry for my english
man Florinellz every time I come in here your charts are just spot on.

Thanks for helping!

And welcome Jsbs please ask more questions if needed. Florinellz post is dead on. This was a tricky bar in a lot of traffic so price gets to the FTA(the ppz marked on Flor's chart) and turns on you. The less space to work with the more these FTAs play a role. Check out my video on space vs traffic for more help

Inserted Video


Mike
  • #138,830
  • Mar 23, 2016 7:25pm Mar 23, 2016 7:25pm
Quoting mbqb11
{quote} man Florinellz every time I come in here your charts are just spot on. Thanks for helping! And welcome Jsbs please ask more questions if needed. Florinellz post is dead on. This was a tricky bar in a lot of traffic so price gets to the FTA(the ppz marked on Flor's chart) and turns on you. The less space to work with the more these FTAs play a role. Check out my video on space vs traffic for more help https://www.youtube.com/watch?v=F-31fRCUuRs Mike
​This is a great video. Opened my eyes to looking at things a bit differently. Thank you for posting it.
JOHN 3:16
  • #138,831
  • Mar 24, 2016 2:09am Mar 24, 2016 2:09am
I remember when I started looking into trading and had no clue what I was doing. I spent so many hours reading and looking for valuable information and never really learned much of anything. Until one day I came across this forum. That's where I really started learning what was going on and what to do. Granted I thought a set of indicators that would match up at the right time was right but found out that was wrong because no matter whos system I tried or whatever set of indicators I would put together never worked for me. Then one day I came across this thread and things started making a lot more sense. I realized the more complicated I tried to make it, the more complicating it was. Don't get me wrong, there are quite a few threads on this site that are useful and beneficial to most of us but this is the one that sticks out to me. I got away from trading for about 6 years but when I decided to turn those charts back on and wanted to get back into the game, this thread was the first place I wanted to go and start learning again. I became a member about 10 years ago and when I did, there were so many guys that were more than willing to help me and answer some of my rookie questions. And they did it without hesitation. I never got rude or negative feedback. I never felt like they thought they were better than me. I was sent books on cd to listen to. Money was sent to me in the mail to take my daughter out and spend it on both of us (I still have the letter that came with it). Jim even gave me a free pass into what I recall it being the private area or something like that. I am so grateful to those guys for being such a blessing in my life. I know this is the place for me or anyone for that matter that has the right mindset and attitude to be successful. I have been scammed so many times in my life that I am always hesitant on paying someone to help me or teach me. If someone calls me asking for money for whatever reason, I hang up on them because I'm 99% sure they are trying to scam me. I am at a point in my life right now that I am ready to take the plunge and be a lifetime member in James16 Group. I know for a fact that it would be worth every penny and definitely not a waste of time. ​

There are a handful of guys that I wish I could thank for their help and everything else they gave me but I am scared that if I start thanking them by their usernames they use on here that I might forget one or 2 then I would feel horrible. So, to all you "old timers" that helped me....Thank you, hats off to you guys.

I look forward to learning more and the day I am a lifer on James16 Group.
JOHN 3:16
  • #138,832
  • Mar 24, 2016 4:20am Mar 24, 2016 4:20am
Quoting mbqb11
{quote} man Florinellz every time I come in here your charts are just spot on. Thanks for helping! And welcome Jsbs please ask more questions if needed. Florinellz post is dead on. This was a tricky bar in a lot of traffic so price gets to the FTA(the ppz marked on Flor's chart) and turns on you. The less space to work with the more these FTAs play a role. Check out my video on space vs traffic for more help https://www.youtube.com/watch?v=F-31fRCUuRs Mike
Great video, thx for posting it
  • #138,833
  • Mar 24, 2016 7:55am Mar 24, 2016 7:55am
Quoting renasdad
I remember when I started looking into trading and had no clue what I was doing. I spent so many hours reading and looking for valuable information and never really learned much of anything. Until one day I came across this forum. That's where I really started learning what was going on and what to do. Granted I thought a set of indicators that would match up at the right time was right but found out that was wrong because no matter whos system I tried or whatever set of indicators I would put together never worked for me. Then one day I came across...
I did a double take when I saw your username. i remember you from way back in the day. Was a much smaller and different place here back then.

Glad to see you around and drop a line any time
  • #138,834
  • Mar 24, 2016 7:56am Mar 24, 2016 7:56am
Quoting priceaction9
{quote} Great video, thx for posting it
you are quite welcome
  • #138,835
  • Mar 24, 2016 9:38am Mar 24, 2016 9:38am
Quoting mbqb11
{quote} man Florinellz every time I come in here your charts are just spot on. Thanks for helping! And welcome Jsbs please ask more questions if needed. Florinellz post is dead on. This was a tricky bar in a lot of traffic so price gets to the FTA(the ppz marked on Flor's chart) and turns on you. The less space to work with the more these FTAs play a role. Check out my video on space vs traffic for more help https://www.youtube.com/watch?v=F-31fRCUuRs Mike
Florinellz and mbqb11 thank you for your advice and great video. I can see now it was too risky to trade this bar.
However what I dont understand is FTA level? Is it some "minor" ppz zone from lower TF or what that means?

Thanks a lot.

James
  • #138,836
  • Mar 24, 2016 9:50am Mar 24, 2016 9:50am
Quoting mbqb11
{quote} I did a double take when I saw your username. i remember you from way back in the day. Was a much smaller and different place here back then. Glad to see you around and drop a line any time
I'm glad to be back I'm really looking forward to taking the plunge and becoming a member on your guys' website. I'm still not that trader I saw myself as I would be in 10 years but am much closer. Breakeven and a tiny little bit of gain is better than I was doing back then. But I know for a fact that when I do join you guys/gals over there, that is what is going to put me ​in the position I want to be in. I'm not looking for the live trade calls, its the way of thinking when I'm trading is what I'm excited to "amp" up. I started in my trading quest about 12 years ago, and if it takes another 12 years to get where I want to go then so be it. I know I'll be there someday.
JOHN 3:16
  • #138,837
  • Mar 24, 2016 10:22am Mar 24, 2016 10:22am
Quoting Jsbs
{quote} Florinellz and mbqb11 thank you for your advice and great video. I can see now it was too risky to trade this bar. However what I dont understand is FTA level? Is it some "minor" ppz zone from lower TF or what that means? Thanks a lot. James
FTA = first trouble area
This is the first level on your trade where price may bounce and come back to your entry.
Often the first bar highs / lows on the way, by 1.3030-ish on your chart for example.

you need to identify this trouble area and take action: take partial or full profit, reduce your risk, whatever.
the more space below your pinbar the further the FTA is thus rendering trade management easier
take care
Slow & steady
  • #138,838
  • Mar 24, 2016 12:46pm Mar 24, 2016 12:46pm
Quoting Jsbs
{quote} Florinellz and mbqb11 thank you for your advice and great video. I can see now it was too risky to trade this bar. However what I dont understand is FTA level? Is it some "minor" ppz zone from lower TF or what that means? Thanks a lot. James
Hi Jsbs, Patapouer post a great answer; if i can add something else, i say to watch where is price going(WIPG)
https://www.james16group.us/wp/where-is-price-going
  • #138,839
  • Mar 24, 2016 6:44pm Mar 24, 2016 6:44pm
Quoting renasdad
{quote} I'm glad to be back I'm really looking forward to taking the plunge and becoming a member on your guys' website. I'm still not that trader I saw myself as I would be in 10 years but am much closer. Breakeven and a tiny little bit of gain is better than I was doing back then. But I know for a fact that when I do join you guys/gals over there, that is what is going to put me ​in the position I want to be in. I'm not looking for the live trade calls, its the way of thinking when I'm trading is what I'm excited to "amp" up. I started...
learning to trade is certainly a grind with ups/downs and everyone having their own journey. Once people get over the get rick quick idea and focus on the reality getting to b/e is the next step. Then I always say getting past b/e is diving into the nuances of trading itself. Meaning you don't need to make drastic changes but you have to really focus in on the details. Things like cutting your losses with logic. Pinpointing entries more effectively etc

It's the tougher part of the journey

Would love to see you crack it!
Mike
  • #138,840
  • Mar 24, 2016 10:15pm Mar 24, 2016 10:15pm
Quoting mbqb11
{quote} learning to trade is certainly a grind with ups/downs and everyone having their own journey. Once people get over the get rick quick idea and focus on the reality getting to b/e is the next step. Then I always say getting past b/e is diving into the nuances of trading itself. Meaning you don't need to make drastic changes but you have to really focus in on the details. Things like cutting your losses with logic. Pinpointing entries more effectively etc It's the tougher part of the journey Would love to see you crack it! Mike
Thank you Mike, I can't wait til the day when I do crack it. I can feel it that I'm going to succeed at this. My mom and sister are backing me up 100%. They always talk about my math brain and know I have what it takes to do this. I have a feeling, actually I know they get sick of hearing me talk about it. ​

Breaking even is a lot better than breaking my account which I have done more than once. but, Little gains here and there always seems to disappear after a couple days. I have been doing pretty good with cutting my losses . If I make a trade and price just sits there and doesn't go in my direction within a certain amount of time I will close it because I don't know if I am right or not. Then I'm chasing a trade that I was right about and closed it cause it wasn't going anywhere.

There are so many times I can watch a chart and know about 90% of the time which way price is going to go and within just a few minutes of when it is going to make its move. I can nail a lot of those setups but then I get back to my "stupidity" and start making bad trades that aren't really that great of setups.

Just by watching a few of the videos you guys have in the free section of your website, I know that with your knowledge and wanting to help, that is what I need to get to the next step of my trading career.
JOHN 3:16
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