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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

  • #138,941
  • Apr 18, 2016 5:27pm Apr 18, 2016 5:27pm
Quoting mbqb11
hopefully we get some volatility back into these markets. Been a very slow year so far Caught this as an 8hr buob fake breakout. Price gapped up today and that was enough for me. Notice price spiking down strong out of the descending wedge which is indicating momentum loss. Then we close back above that wedge {image} {image} I believe we have some great areas to watch for new moves on both gbp/cad and gbp/aud at the respective new gaps {image}
Hopefully we get you to tell us what makes the most money, trading James16 methods, or collecting subscription fees.
  • #138,942
  • Apr 18, 2016 8:36pm Apr 18, 2016 8:36pm
Quoting TheGreatMilenko
​Anybody here making any money with this stuff?
I am. I had to apply myself though. Just like anything else. This is solid material right here in the thread. Thanks for asking and best of trading to you.

K.I.S.S.
  • #138,943
  • Apr 19, 2016 3:05am Apr 19, 2016 3:05am
NZD/JPY, Buy
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  • #138,944
  • Apr 19, 2016 3:08am Apr 19, 2016 3:08am
AUD/USD, Bay
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  • #138,945
  • Apr 19, 2016 5:56am Apr 19, 2016 5:56am
Quoting TheGreatMilenko
{quote} Hopefully we get you to tell us what makes the most money, trading James16 methods, or collecting subscription fees.
1. if you read the last pages and not asking if this method work, you will find out that Mike post that in january make around 3%. also i think until now from the trades that he post here obtain this year over 7% .
2. no one is telling you that you have subscribe to PF; Mike always said that is better to stay in the free thread to learn and to see if this method suits you
3. i am not a member of the PF
4. sorry for my english
  • #138,946
  • Apr 19, 2016 7:06am Apr 19, 2016 7:06am
Quoting florinellz
{quote} 1. if you read the last pages and not asking if this method work, you will find out that Mike post that in january make around 3%. also i think until now from the trades that he post here obtain this year over 7% . 2. no one is telling you that you have subscribe to PF; Mike always said that is better to stay in the free thread to learn and to see if this method suits you 3. i am not a member of the PF 4. sorry for my english
Thank you. You don't need to apologise for your English
  • #138,947
  • Edited 12:46am Apr 20, 2016 12:31am | Edited 12:46am
Quoting agoge
AUD/USD, Bay {image}
I didn't take that trade because of the impending resistance/lack of space, but looks like it got to your TP.
Price is now at an interesting area - possible 2 day BUOB or possible 2 day PB forming (top arrows) so question is, where to from here...
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  • #138,948
  • Apr 20, 2016 7:43am Apr 20, 2016 7:43am
Quoting Bill618
{quote} I didn't take that trade because of the impending resistance/lack of space, but looks like it got to your TP. Price is now at an interesting area - possible 2 day BUOB or possible 2 day PB forming (top arrows) so question is, where to from here... {image} {image}
Hi Bill I think in AUD/USD the target is 0.785 there is a strong PPZ

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  • #138,949
  • Apr 20, 2016 9:31am Apr 20, 2016 9:31am
EUR/USD D1 BEOVB 2 day candle on retrace. Could've got a much better price damn. Anyway, See how she goes.

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'Fail to plan, plan to fail'
  • #138,950
  • Apr 20, 2016 2:15pm Apr 20, 2016 2:15pm
Quoting Guitarbloke
EUR/USD D1 BEOVB 2 day candle on retrace. Could've got a much better price damn. Anyway, See how she goes. {image}
Nice. It is quite good price I think. Definitely better than entry based on a todays BEOB if it closes properly. There was a pin bar at H4 TF, but I was not able to watch markets, so I did not take it :/.

Have a good trade
  • #138,951
  • Apr 20, 2016 2:20pm Apr 20, 2016 2:20pm
Quoting florinellz
{quote} Hi Bill I think in AUD/USD the target is 0.785 there is a strong PPZ {image}
Yes Flo, your ppz, the 0.800 T/L or perhaps just head down from where price is at now, off of the downward T/L are all possibilities. Need to see what the next day or two brings to get a clearer picture.
Patience...
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  • #138,952
  • Apr 20, 2016 2:53pm Apr 20, 2016 2:53pm
Great area in EUR/NOK to look for price action

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  • #138,953
  • Apr 20, 2016 4:58pm Apr 20, 2016 4:58pm
Quoting florinellz
Great area in EUR/NOK to look for price action {image}
​Yeah. Could break down or bounce up. Or maybe it'll go sideways for a bit. Let's see how this one plays out.
  • #138,954
  • Apr 20, 2016 5:02pm Apr 20, 2016 5:02pm
The hindsight analysis will tell you where you should have been long or short,or stayed out.
  • #138,955
  • Apr 20, 2016 7:21pm Apr 20, 2016 7:21pm
GBP/CHF H4 PB. Looking for some pips in a downtrend from a swing high.

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'Fail to plan, plan to fail'
  • #138,956
  • Apr 20, 2016 9:00pm Apr 20, 2016 9:00pm
Quoting Guitarbloke
GBP/CHF H4 PB. Looking for some pips in a downtrend from a swing high. {image}
Also at a PPZ
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  • #138,957
  • Apr 21, 2016 1:46pm Apr 21, 2016 1:46pm
Quoting Guitarbloke
EUR/USD D1 BEOVB 2 day candle on retrace. Could've got a much better price damn. Anyway, See how she goes. {image}
Hi Guitarbloke,

Please, could you tell me how did you manage your trade (both of them)? I was selling EUR/USD based on D1 BEOB and I was stoped out during ECB press conference.

It was quite crazy for me today.

Thank you,

James
  • #138,958
  • Edited Apr 22, 2016 2:18am Apr 21, 2016 6:28pm | Edited Apr 22, 2016 2:18am
Quoting Jsbs
{quote} Hi Guitarbloke, Please, could you tell me how did you manage your trade (both of them)? I was selling EUR/USD based on D1 BEOB and I was stoped out during ECB press conference. It was quite crazy for me today. Thank you, James
Hi James. Bare in mind i am a student of this game. Sometimes not a good idea to trade during big news. The high of your BEOVB was 1.1386 so yes, most folks put their SL a few pips above the high plus spread, but remember we have a BRN 1.40000 just above which price is often drawn to touch. (i made similar mistake with GBP/CHF SL. if i put it a few pips higher above BRN i'd be ok). Price missed stopping me out on EUR/USD trade by 7 pips so i am still in this trade, and looking at the chart now, i am expecting price to still head south.

GBP/CHF H4 PB trade i was stopped out by a pip or so, but i am now back in short on a H1 BEOVB, so a loss there as H4 PB has been invalidated. I am still interested in this PPZ area though and banking on this to head south as price in overall downtrend and at a PPZ. All the best to ya. GB

GBP/CHF H1.

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Update: closed GBP/CHF Trade for a loss.

GBP/USD D1 BEOVB

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'Fail to plan, plan to fail'
  • #138,959
  • Apr 23, 2016 5:40am Apr 23, 2016 5:40am
Quoting Guitarbloke
{quote} Hi James. Bare in mind i am a student of this game. Sometimes not a good idea to trade during big news. The high of your BEOVB was 1.1386 so yes, most folks put their SL a few pips above the high plus spread, but remember we have a BRN 1.40000 just above which price is often drawn to touch. (i made similar mistake with GBP/CHF SL. if i put it a few pips higher above BRN i'd be ok). Price missed stopping me out on EUR/USD trade by 7 pips so i am still in this trade, and looking at the chart now, i am expecting price to still head south. GBP/CHF...
Thanks for answer. I was concerned about that 1.4000 level but I thought that more than 100 pips is enough space for that trade. It was not.

Have a nice weekend,

James
  • #138,960
  • Apr 23, 2016 10:25am Apr 23, 2016 10:25am
Mike are you watching this squeeze?
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