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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

  • #140,121
  • Jan 19, 2017 5:31am Jan 19, 2017 5:31am
Hi guys. I'm pretty new in this trade. Right now i'm slowly going through the beggining of thread ( on the page 80 right now ), trying not to miss anything. At the same time i started demo. Can u guys look at my today entry, and tell me do i miss something? Because i have a strong feeling that i do, "it can't be that simple" my mind says to me.

Thanks

P.S.
Sorry if i have some grammar/spelling mistakes, english is not my mother tongue.
Attached Image (click to enlarge)
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  • #140,122
  • Jan 19, 2017 8:09am Jan 19, 2017 8:09am
Quoting ShopeS
Hi guys. I'm pretty new in this trade. Right now i'm slowly going through the beggining of thread ( on the page 80 right now ), trying not to miss anything. At the same time i started demo. Can u guys look at my today entry, and tell me do i miss something? Because i have a strong feeling that i do, "it can't be that simple" my mind says to me. Thanks P.S. Sorry if i have some grammar/spelling mistakes, english is not my mother tongue. {image}
Hi ShopeS, welcome.
it really is that simple. Control the greed (money management) and you'll be set.
Keeping it Simple
  • #140,123
  • Jan 19, 2017 8:41am Jan 19, 2017 8:41am
Quoting keziahpie
{quote} 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.
Hi Keziahpie,
what would be the purpose of "verified results"?
Keeping it Simple
  • #140,124
  • Jan 19, 2017 8:56am Jan 19, 2017 8:56am
USDJPY
Monthly chart showing possible inverted head-n-shoulders in the making.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 42 KB
Keeping it Simple
  • #140,125
  • Jan 19, 2017 9:25am Jan 19, 2017 9:25am
Quoting ShopeS
Hi guys. I'm pretty new in this trade. Right now i'm slowly going through the beggining of thread ( on the page 80 right now ), trying not to miss anything. At the same time i started demo. Can u guys look at my today entry, and tell me do i miss something? Because i have a strong feeling that i do, "it can't be that simple" my mind says to me. Thanks P.S. Sorry if i have some grammar/spelling mistakes, english is not my mother tongue. {image}

I wouldn't take the USD/JPY trade because:
1. I consider that this trade has no space( blue area at 115-116)
2. from here i learned that we want to trade outside bar, pinbar at S/R area( known here as PPZ).; because of this i want to trade USD/JPY at 111; if the outside bar that you trade on USD/JPY was at 111 area i would take that trade.

sorry for my english

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  • #140,126
  • Jan 19, 2017 9:44am Jan 19, 2017 9:44am
Quoting florinellz
{quote} I wouldn't take the USD/JPY trade because: 1. I consider that this trade has no space( blue area at 115-116) 2. from here i learned that we want to trade outside bar, pinbar at S/R area( known here as PPZ).; because of this i want to trade USD/JPY at 111; if the outside bar that you trade on USD/JPY was at 111 area i would take that trade. sorry for my english usdjpy-d1-fxpro-financial-services (1).png;2147207 {image}
Hi florinellz,
seems like he's in the trade already. The PA setup delivered results already. All depends how much the individual wants to grab from that setup.
It's the greed that kills accounts.
ShopeS should be at +50 pips by now, and have his stop at BE (if he has the time to monitor his trades).

Your analysis is spot-on. I too am waiting for a long entry from a lower price, if the opportunity presents itself.

PS: Florinellz and Shopes ... your English is great.
Keeping it Simple
  • #140,127
  • Jan 19, 2017 10:30am Jan 19, 2017 10:30am
USDJPY Weekly and Daily chart. Find the most important area on the chart and wait for price to reach it.

Weekly Chart

Attached Image (click to enlarge)
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Daily Chart

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  • #140,128
  • Jan 19, 2017 1:16pm Jan 19, 2017 1:16pm
Quoting alphac
{quote} 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. gg.png;2145877 {image}
My point exactly bro, location location, aint that matter if ugly pin or perfectly shaped pin. I doubt much or any traded those pins you selected but they work also as you can see. Market sux lately, no clear trend, sideways all the time. People should learn to trade those pins not super duper A++ . No chance to earn money in this if guys don't learn to trade sideways market.

Cheers
  • #140,129
  • Jan 19, 2017 1:53pm Jan 19, 2017 1:53pm
Quoting habeeb
{quote} Hi florinellz, seems like he's in the trade already. The PA setup delivered results already. All depends how much the individual wants to grab from that setup. It's the greed that kills accounts. ShopeS should be at +50 pips by now, and have his stop at BE (if he has the time to monitor his trades). Your analysis is spot-on. I too am waiting for a long entry from a lower price, if the opportunity presents itself. PS: Florinellz and Shopes ... your English is great.
When price reached +40 i moved SL to +10 and set a trailing stop. Stopped at 11.6 . Anyway, price touched my original TP (100pips), near ppz+fib, so i'm not dissapointed, just unfortunate one i think . Also thank you for your posts back in 2006, they helping a lot to me right now
  • #140,130
  • Jan 19, 2017 2:01pm Jan 19, 2017 2:01pm
Quoting florinellz
{quote} I wouldn't take the USD/JPY trade because: 1. I consider that this trade has no space( blue area at 115-116) 2. from here i learned that we want to trade outside bar, pinbar at S/R area( known here as PPZ).; because of this i want to trade USD/JPY at 111; if the outside bar that you trade on USD/JPY was at 111 area i would take that trade. sorry for my english usdjpy-d1-fxpro-financial-services (1).png;2147207 {image}
yeah, i agree that was a quite tight enter, but 100 pips move field seems ok to me, and my tp was right behind resistance. So i protected myself .
  • #140,131
  • Jan 20, 2017 1:14am Jan 20, 2017 1:14am
Quoting ShopeS
{quote} When price reached +40 i moved SL to +10 and set a trailing stop. Stopped at 11.6 . Anyway, price touched my original TP (100pips), near ppz+fib, so i'm not dissapointed, just unfortunate one i think . Also thank you for your posts back in 2006, they helping a lot to me right now
Well done ShopeS
Keeping it Simple
  • #140,132
  • Jan 20, 2017 1:21am Jan 20, 2017 1:21am
GOLD
Daily pin bar on Gold. Not alot of space, but a good re-test entry of the 1200 round number.
I missed today's earlier entry when price retraced to the level of the left eye. Maybe I'll get another chance
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Keeping it Simple
  • #140,133
  • Jan 20, 2017 1:28am Jan 20, 2017 1:28am
GOLD
Chart showing EMA confluence area with 50% fibo retracement area.
Attached Image (click to enlarge)
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Keeping it Simple
  • #140,134
  • Jan 20, 2017 3:10am Jan 20, 2017 3:10am
Quoting habeeb
GOLD Daily pin bar on Gold. Not alot of space, but a good re-test entry of the 1200 round number. I missed today's earlier entry when price retraced to the level of the left eye. Maybe I'll get another chance {image}
Market has heard me. Price came back to 1202 area for a second entry.
Keeping it Simple
  • #140,135
  • Jan 20, 2017 3:24am Jan 20, 2017 3:24am
GBPUSD
Daily chart showing a double bottom.
Attached Image (click to enlarge)
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Keeping it Simple
  • #140,136
  • Jan 20, 2017 3:27am Jan 20, 2017 3:27am
GBPUSD
Weekly chart with a possibility of a BuOB forming. Hoping for a weekly close above 1.2380.
Attached Image (click to enlarge)
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Keeping it Simple
  • #140,137
  • Jan 20, 2017 3:29am Jan 20, 2017 3:29am
Quoting habeeb
{quote} Hi Keziahpie, what would be the purpose of "verified results"?
would be good to see the teacher like Mike do trade profitably.

We see "many great teachers" but cannot trade profitably.
  • #140,138
  • Jan 20, 2017 3:58am Jan 20, 2017 3:58am
GBP/USD H4. Moving down nicely.

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'Fail to plan, plan to fail'
  • #140,139
  • Jan 20, 2017 4:12am Jan 20, 2017 4:12am
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, Im satisfied with this trader who claimed to be J16 student (lifetime).

He gave me 9% gain this month. I actually have him in risk 2 as his DD is super low. So far so good. Not sure anyone has any experience with him?

He actually also show me his trades on how he divided his trades into parts. First entry on breakout, 2nd entry on pullback retest and 3rd entry breakout on the previous candle. He did praise Mike for his patient for teaching him over the years, though he seldom goes back to j16 thread now.
  • #140,140
  • Jan 20, 2017 5:41am Jan 20, 2017 5:41am
Quoting habeeb
{quote} Market has heard me. Price came back to 1202 area for a second entry.
Do you mean 2 days pinbar?
RIP RTM
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