well, it is a way to see how the price consolidation (inside the box) has highs and lows, that act as resistance, and then support, and vice-versa. the old highs of old consolidation, act as new lows after price breaks out of the old consolidation. ...

james16 Chart Thread

You guys are over-analyzing... it's just a way to see where the S/R is that creates the price flip (PPZ) nothing more.

james16 Chart Thread

I was actually going to make this post. Looking good on the weekly TF as well.

james16 Chart Thread

I actually didn't have any idea how I would go about trading this. 1. no clear previous resistance to place stop behind 2. lots of trouble areas above 3. couldn't find a legitimate way to make the R/R worth the risk 4. silver looks sort of like a ...

james16 Chart Thread

UPDATE: url Not exactly ripping through the chop, but it is trying...

james16 Chart Thread

Good thread. I have lurked it here and there. If it's going to end, I will have to re-read everything from page 1 Thanks for doing this for nearly a year. Your techniques are very similar to the way I have developed my own version of j16.

My path to financial freedom

that price came back over the 1.3760. I don't want any part of that business. It's interesting to see how that 3 bar low on USDJPY bounced around yesterday, and then today decided to shoot. I watched it, but no way I wanted to trade it. USDJPY looks ...

james16 Chart Thread

It didn't go back in my direction until after it would have taken out my original stop.... I wasn't even trying to catch a runner, just a fluke event. Mike therapeutically helped me through it edit: and gave me ideas how to prevent such a thing ...

james16 Chart Thread

Oh I see.... I recently had an experience where I watched price miss my target by 4 pips on a 4.5R trade which I risked the full 1% on.... retraced back and stopped me on B/E. good times

james16 Chart Thread

daytrading the dailies. Personally, I would close out my whole position at 1.3650..... from a R/R perspective, 1.3650 gives something better than 2R.... I'm all about it. EDIT: keep in mind this is all hypothetical

james16 Chart Thread

I would be @ B/E now at the very worst.

james16 Chart Thread

Good points. I cannot take this beob on euraud because I cannot find a solid way to enter, and exit the trade. Possibly short it @ 1.3760 if price creeps back up that high, but I'm going to leave it alone.

james16 Chart Thread

interesting you post these, I am a huge fan of Peter Schiff. There are two sides to every story, and if you look at history, some people would be screaming that the collapse of the dollar was near for a long time. I wouldn't fear it, but I wouldn't ...

james16 Chart Thread

Have to see how much momentum this BUOB actually has...

james16 Chart Thread

well I'll be..... I didn't notice that lol. but you and your closes.... golly gee

james16 Chart Thread

Anyone remember this demo I posted as soon as I took it? url Well, it looks like I had the right idea, just the wrong timing/technique. I did get stopped out, but looking now at the weekly chart, the low of that weekly pin never broke, and price ...

james16 Chart Thread

That is intriguing. I think everyone needs to find their own niche within J16 if they want to succeed. I personally have made those strides by combining thoughts from many people who use price action. In the last month or so, I have spotted a lot of ...

james16 Chart Thread

Yes, that is not a fun thing to do

james16 Chart Thread

Well that is pretty cool you have been owning this thread in 2011 so far. A+ posts bro. I love following along with your active trades.

james16 Chart Thread

thanks, J. I am happy I took it, seriously. I just think more people need to post losing trades like that one because it's part of trading.

james16 Chart Thread