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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

  • #140,101
  • Jan 17, 2017 4:32am Jan 17, 2017 4:32am
Quoting Sumit
{quote} stopped out for full 1R loss
The pinbar wasn't a good shape, size or in a good position

They need to be a good size compared to the previous bars at an extreme, with a long wick, preferably with space to the left and some confluence, if this had appeared on the daily or 4 hour there would have been no need to even think about taking it.

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  • #140,102
  • Edited 6:03am Jan 17, 2017 5:18am | Edited 6:03am
Quoting Sumit
{quote} Thanks for the analysis Hendz If possible can you please share daily chart if something of interest there..
I'm not sure about this. I'm still learning too.
But do you notice inside bar on AudUsd Daily. I think it's good. I don't know if it works or not. But we can trade it safely with good confluence too and tight stop.
Â
Edit# I think it just failed.
RIP RTM
  • #140,103
  • Jan 17, 2017 6:33am Jan 17, 2017 6:33am
Quoting alphac
{quote} The pinbar wasn't a good shape, size or in a good position They need to be a good size compared to the previous bars at an extreme, with a long wick, preferably with space to the left and some confluence, if this had appeared on the daily or 4 hour there would have been no need to even think about taking it. pb3.png;2143315 {image}
Thanks alot for the analysis alphac.
Agreed about the shape.. it was really in a congestion zone ( no space in the left). But i thought the location was good, as it was at flip zone and also a downward sloping line ( if possible please point out if not so)

Lesson learnt... Take only the trades with very good shape and size pinbar or PA bar...

really appreciate the effort and time u took for analysing this.
  • #140,104
  • Jan 17, 2017 6:36am Jan 17, 2017 6:36am
Quoting hendzwoter
{quote} I'm not sure about this. I'm still learning too. But do you notice inside bar on AudUsd Daily. I think it's good. I don't know if it works or not. But we can trade it safely with good confluence too and tight stop. Edit# I think it just failed.
Hi hendz
yes there were 2 inside bars in a row, which brokeout today, but not failed as of now.
  • #140,105
  • Jan 17, 2017 7:14pm Jan 17, 2017 7:14pm
How to trade this?
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RIP RTM
  • #140,106
  • Jan 17, 2017 8:24pm Jan 17, 2017 8:24pm
Quoting hendzwoter
How to trade this? {image}
Price is near M/W/Daily Resistance right now. and this resistance has been tested many times in the past. so if I trade PA, I 'd like to see this resistance to be faked or break first.
btw sorry for my English. I'm not good at it...

Fake
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break
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  • #140,107
  • Jan 17, 2017 8:29pm Jan 17, 2017 8:29pm
Quoting Kamnoi
{quote} Price is near M/W/Daily Resistance right now. and this resistance has been tested many times in the past. so if I trade PA, I 'd like to see this resistance to be faked or break first. btw sorry for my English. I'm not good at it... Fake 001.JPG;2144473 break 002.JPG;2144475 {image} {image}
Thanks Kamnoi
 
RIP RTM
  • #140,108
  • Jan 18, 2017 12:53am Jan 18, 2017 12:53am
Quoting keziahpie
Do any James16 senior people give signal or something? This guy claim to be a student of James 16 for some years and he is providing signals. His stats seem impressive. http://www.signalstart.com/analysis/james16/13870 100% gain over the 1 year with draw down of 11%, profit of $5000 plus. Do anyone know about this signal or anyone has better recommendation? Did the official James 16 thread or website has a live account for signal?
So far so good. Doing 2 times risk =)

Sorry, anyone that used james16 official website. Do they give signal or managed account? Not too sure why is it hard.

I used this trader James16's signal http://www.signalstart.com/analysis/james16/13870 and everything is auto. Trades are the same to my own account but he told me, he is not the official j16 teacher but he used to be a student and is still a lifetime student. He told me, they do not give signal or managed account at all.
  • #140,109
  • Jan 18, 2017 4:17am Jan 18, 2017 4:17am
Jaroo's technique on Google Play Store
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RIP RTM
  • #140,110
  • Jan 18, 2017 6:43am Jan 18, 2017 6:43am
Quoting hendzwoter
Jaroo's technique on Google Play Store {image}
free?
  • #140,111
  • Jan 18, 2017 10:00am Jan 18, 2017 10:00am
Quoting keziahpie
{quote} free?
I don't know. I didn't checked it yet. I am not interested.
RIP RTM
  • #140,112
  • Jan 18, 2017 1:34pm Jan 18, 2017 1:34pm
Quoting hendzwoter
Jaroo's technique on Google Play Store {image}
who is jaroo?
  • #140,113
  • Jan 18, 2017 1:53pm Jan 18, 2017 1:53pm
Quoting Sumit
{quote} Thanks alot for the analysis alphac. Agreed about the shape.. it was really in a congestion zone ( no space in the left). But i thought the location was good, as it was at flip zone and also a downward sloping line ( if possible please point out if not so) Lesson learnt... Take only the trades with very good shape and size pinbar or PA bar... really appreciate the effort and time u took for analysing this.
Good pin bad pin, no matter really. You can wait weeks, months for that one perfect pin, but will you? Go look daily charts and you will find that many ugly pins worked out also. Trading is really more mathematically money manegment thingy than grading pins A+++, B, C, Z ...

Chart for almost 6months on this pair, see any good pins really?
I only see a bunch of ugly pins that actually worked
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  • #140,114
  • Jan 18, 2017 3:17pm Jan 18, 2017 3:17pm
@gasgas, I'd just posted this in my journal so I'll repost it here, it may be of some help.

Silver 4 hour charts. Just a pinbar in the right place, not the tallest or much confluence, the local touches of the flip area give it weight as does the fact it's the biggest of the last 7 bars.

4 hour chart (expanded)

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4 hour chart showing pin (expand the pic for more detail)

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  • #140,115
  • Jan 18, 2017 3:31pm Jan 18, 2017 3:31pm
Quoting gasgas
{quote} Good pin bad pin, no matter really. You can wait weeks, months for that one perfect pin, but will you? Go look daily charts and you will find that many ugly pins worked out also. Trading is really more mathematically money manegment thingy than grading pins A+++, B, C, Z ... Chart for almost 6months on this pair, see any good pins really? I only see a bunch of ugly pins that actually worked {image}
A pinbar is basically showing a rejection from an area, the more reasons you can find why that area is significant the better, but sometimes a flip zone or previous support or resistance is all it takes. As you can see they can be valuable for jumping onto a trend.

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  • #140,116
  • Jan 18, 2017 4:01pm Jan 18, 2017 4:01pm
Quoting alphac
{quote} The pinbar wasn't a good shape, size or in a good position They need to be a good size compared to the previous bars at an extreme, with a long wick, preferably with space to the left and some confluence, if this had appeared on the daily or 4 hour there would have been no need to even think about taking it. pb3.png;2143315 {image}
AUDUSD 2 Day chart.

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  • #140,117
  • Edited 5:46pm Jan 18, 2017 5:26pm | Edited 5:46pm
Quoting priceaction9
{quote} who is jaroo?
Old-timer.
Â
Hi folks, can we trade ranging and chanelling market with Price Break Through and Touching Trade? Or it must done with PA?
Â
Is PBT and touch trade just work on trending market and divergence?
RIP RTM
  • #140,118
  • Jan 18, 2017 10:19pm Jan 18, 2017 10:19pm
This makes me braver withbthe news USD Collapse.
 
https://thepatterntrader.com/how-to-...llar-collapse/
RIP RTM
  • #140,119
  • Jan 19, 2017 1:38am Jan 19, 2017 1:38am
Quoting priceaction9
{quote} who is jaroo?

One of the senior members. We have to know that, we still don't know whether any of the founder or teacher is profitable for James 16. Many requests to see their verified results were unanswered which is not hard to do.

I have no doubt what they teach are okay, but we have to know that good teacher does not mean he is profitable
  • #140,120
  • Jan 19, 2017 1:45am Jan 19, 2017 1:45am
NZD/USD W1. BEOVB on H4 at this location.

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'Fail to plan, plan to fail'
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