james16 pin bar analysis

[MattW2009]

Originally Posted by flast150

Hallo everyone

Actually i Learned allot from james16 thread But there is allot of things i dont agree with him on it :...

Although you posted this on two threads I wont duplicate my post here. It can be found here instead: My Basic Chart Analysis Method

[Ray_1]

Originally Posted by flast150

• Trading daily is so risky because if you have Small amount of money "10.000$" for example it will never work for you because your stop will be high .
  Trading the daily is not risky at all, if you know how to manage your risk well. In James16 method, money management is VERY VERY . You can take a look at Pipcrawler blog and he is also trading on the higher timeframe and using good money management. If you have a small account, start by using position size that suits your account size. If you have a small account like 300 dollars trade microlots which allows you to practise good money management.
  
  
• Trading is not just about Candle stick pattern is about Where is the Candle? When? and allot of other elements make it succesful trade .
  James16 had always tell traders to look at where the candle pattern forms and not just focus on the candlestick patterns. james16 has always said A class trades occur at obvious swing high or low positions or s/r areas. Maybe you should reread the forex factory thread to understand better.
  
  
  
• The best way is to learn Candles with Fibonacci and S and R with the trend on H4 chart Not daily for someone dont have allot of money .

If you can't manage the daily weekly and monthly timeframes well can you handle the smaller timeframes. You can take a look at the charts and see for yourself, that setups on the daily timeframes and above are more reliable then those smaller timeframes. A trader with a small account can always succeed at higher timeframes trading, equippe dwith porper money managemnet and correct techniques, trading on the daily can be a relax, stress free and profitable thing.


I don't know i feel kind of confused until now if i use indicators or not , i used stochastic for intraday but i don't know what i should use for long term strategy like H4 ??? If someone can help me with that would be nice .
You can discard away the indicators and just use fibs, s/r and candlestick patterns.

The problem of the Candle Reversal pattern that could your broker show it to make you lose but other Broker don't show it , for example Alpari show Pin Bar , Interbank show it normal , Which one you should believe? from where i can get the best , Clear and Honest data feed? Does anyone knows???
Just use whatever your charts show you, if you have a A class setup on your chart but my chart do not show that A class setup, I will just wait patiently for the next A class setup to appear on my chart. i will not worry that the broker is out to lose me. I know that if I grab that A class setup which will eventually appear on my chart I can beat the broker.

Just my own thoughts.

[felix.khafx]

Just use whatever your charts show you, if you have a A class setup on your chart but my chart do not show that A class setup, I will just wait patiently for the next A class setup to appear on my chart. i will not worry that the broker is out to lose me. I know that if I grab that A class setup which will eventually appear on my chart I can beat the broker.

I don't think so , Because if you know a little bit about brokers , that they can manipulate the prices and the shape of the candles , even if they show it to you A+ , it could be wrong .

thanks for you answers

[MattW2009]

Originally Posted by felix.khafx

I don't think so , Because if you know a little bit about brokers , that they can manipulate the prices and the shape of the candles , even if they show it to you A+ , it could be wrong .

thanks for you answers

I respectfully have to disagree with you here. There may be some dodgy back-street brokers that manipulate price but in those cases most people would avoid them and if you are using one - why not go and find one that doesn't manipulate price?

It is not hard to compare feeds from brokers to see that they show essentially the same data. The only differences will be their point of reference for the start of the candle and maybe a few pips difference is highs/lows as FX is not centralised so it would depend on what market maker they are involved with.

The accusation of broker price manipulation is covered extensively in other threads but the gist of it is that it is not really in their interest to do so.

[o990l6mh]

Originally Posted by felix.khafx

I don't think so , Because if you know a little bit about brokers , that they can manipulate the prices and the shape of the candles , even if they show it to you A+ , it could be wrong .

thanks for you answers

I'm sorry but that's just ridiculous.

[johnnykanoo]

Hey guys its been a while. Wow what a long crazy couple of months. I just wanted to drop by and say hi. and to those who are naysayers of j16 I humbly suggest keep an open mind. No matter what your trading style is or what your instrument is. J16 will give you the long view with deadly accuracy!! All you have to do is wait for the good setups. Now that I am working again full time I will focus my trading soley on this material I would love to trade H4 but I am not sure if it is possible. Although I have been looking for a reason to ditch my blackberry and pick up a phone with windows mobile 6.

I hope everybody is doing great, john

[o990l6mh]

Originally Posted by johnnykanoo

Hey guys its been a while. Wow what a long crazy couple of months. I just wanted to drop by and say hi. and to those who are naysayers of j16 I humbly suggest keep an open mind. No matter what your trading style is or what your instrument is. J16 will give you the long view with deadly accuracy!! All you have to do is wait for the good setups. Now that I am working again full time I will focus my trading soley on this material I would love to trade H4 but I am not sure if it is possible. Although I have been looking for a reason to ditch my blackberry and pick up a phone with windows mobile 6.

I hope everybody is doing great, john

Nice to see you drop by!

I agree with your view on J16. It works. Period.

[Ray_1]

Originally Posted by felix.khafx

I don't think so , Because if you know a little bit about brokers , that they can manipulate the prices and the shape of the candles , even if they show it to you A+ , it could be wrong .

thanks for you answers

You should not let the broker manipulation price issue affect you. How about you do a simple experiment, learn the price action trading thingy and demo trade on the daily with different data feeds and experience for yourself.

[felix.khafx]

What do you think guys about this opportunity

Pin bar under trend line , 50 fib , What do you thinkf or short guys after breaking this pin bar?

[o990l6mh]

Originally Posted by felix.khafx

What do you think guys about this opportunity

Pin bar under trend line , 50 fib , What do you thinkf or short guys after breaking this pin bar?

Not too bad...
Just mind that there's quite some traffic in the 1.61-1.67 area that the trade might get stuck in.

edit: I just read my post and it sounded impolite!

I want to clarify: I think you've found a good trade and you're analytical thinking seems good!

Nice work Felix