james16 Chart Thread @ Forex Factory

jarroo · #**1180** Oct 22, 2006 7:20pm

Nice makron and nice call Jim on the stop placement.

Question Jim?

How important is chart data? Take look at these 2 charts that are on the 4 hour time frame (and currency GBPUSD) as makron's.

One form Spot Trader and one from StrategyBuilderFX.

I think I answered my own question.

Jim

See you next month at the PF where I will be rejoining.

jarroo · #**1183** Oct 23, 2006 12:52pm

Quote:

Originally Posted by vasyuta

Also catch that move. I?m new to price analysis, but according my logic that was:

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>1. 1.8541 is the level of great importance (some time ago it was support, resistance and now again support)
2. Fib retracement 61,8%
3. Monthly pivot point support 1
4. Bullish engulfing pattern
5. 2006.10.11 inverted hammer

Have I missed something?

The break of the the Double Top is what was standing out (screaming out) to me.

Jim

jarroo · #**1208** Oct 30, 2006 5:52pm

Quote:

Originally Posted by james16

careful guys,

i may at some point decide to do a live trading room but thats not what we have in mind at this point. we are building a new website. that website will do some great things. as a subscriber you will be able to view streaming tutorial charts with voiceovers instead of the cunbersome way we do it now. the written material will always be there but being able to teach like your sitting next to me will be a tremendous advantage not only to you but to me also. these videos will be upted and logged as time goes by so youew them at anytime. also all the written tutorials will become just a supplement as w will have complete video tutorials covering the same material. the private forum will remain in some capacity for discussion. we still have not decided exactly how its going to be joined but merlin is helping us decide what would be best.
one thing i have not done is hurry things just to stoke subscriptions. in fact we may limit subscriptions at some point. what we have done has been very well recieved and our intention is to just keep increasing the amount of material and value not to mention an easier delivery.

Jim,

Any idea on the ETA of the new website?

I am thinking of rejoining next month or should I wait for the website.

Jim

jarroo · #**1253** Nov 8, 2006 3:27pm

Quote:

Originally Posted by volvo264

james,

Do you have any intention of addressing the question about what system works well with the "james price action method"

regards,

volvo

I not James16 (I wish), but I have found that OrangeRoshan's SRDC Method with James16 price action to be quite successful.

Don't get me wrong "james price action method" is great on its own.

Jim

jarroo · #**1268** Nov 10, 2006 3:28am

Same chart from post #1286 different method, same james16 price action.

I use the daily high/low as res/sup (also weekly high/low) (OrangeRoshan's SRDC method)

3 lots (demo), 2 lots for 15-20 pips, last lot : let it ride.

Stop loss very shallow. 15-20 pips and get to break even real quick.
Probably to quick sometime but I don't care - I hate losses.

James16 your comments are obviously welcomed.

Jim

jarroo · #**2303** Jan 23, 2007 11:52pm

Beautiful picture of the USDJPY Daily Inside Bar in early Dec., Jim.

The Weekly DBH Break looked just as pretty. (Inside bar would have gotten you in earlier.

)

Looking forward to the new web site. Keep up the great work.

Jim

jarroo · #**4276** Jul 1, 2007 11:07am

Quote:

Originally Posted by goodthings

Technically what is the best way to play a 4hr pin like this one?

After posting this I read some previous posts and I think James has answered it on the large part. Any other comments from those familar with James' teachings on playing pin bars is appreciated.

I try to avoid time frames lower then the 4 hour. The Cad has been very good to me or is it that my James16 trading is getting better, I expect the latter.

Jim

P.S. Goodthings, I love your inputs on the forum, especially on GBP Patterns, Facts, Trivia

jarroo · #**4277** Jul 1, 2007 11:19am

jarroo · #**4278** Jul 1, 2007 11:20am

Cad 4 Hour

jarroo · #**4283** Jul 1, 2007 2:51pm

[quote=goodthings;1482120]

Quote:

Originally Posted by jarroo

I try to avoid time frames lower then the 4 hour. The Cad has been very good to me or is it that my James16 trading is getting better, I expect the latter.

Jim

Nice analylsis. Simple but very informative. Your exit I am assuming was when the Cad was on the way up

Yes it was exited on the way up. I was going to buy once it blew past the pivot zone but i usually get burned when i trade against the trend. (don't we all)

Jim