I am probably missing on some action when I get that conservative.
Dan
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI have been burned so many times lately with this Aud/Usd that I guess I have turned very conservative and want to say " Show Me " . I just don't trust these in traffic signals and feel that it is better to have a clear sign that we have a new direction.
I am probably missing on some action when I get that conservative.
DanIgnored
DislikedHello Gentlemen,
I am seriously considering joining the James 16 group. But I was told before I do, I should go through this thread first. So I did (the first 12 pages at least).
My problem is that I'm such a newbie (only learned the word "Forex" 3.5 days ago) and I'm confounded by all the abbreviations... RET FIB PIN. I've been through the babypips.com course (which I would highly recommend to other total noobs), but as good as that is, it doesn't cover a lot of the cryptic stuff mentioned in this thread...stuff seasoned veterans would take for granted.
Ok, here's an example of what I'm talking about... Look at the chart from post #30. It says "Put your stop above the two bars." I think stop means STOP LOSS, but which bars? I see about 500 bars there. LOL.... Oh and by the way... What part of the chart am I looking at anyway?
http://www.forexfactory.com/attachme...2&d=1119134974
SO.. my question is:
Is the James16 Private Forum written in plain English simple enough for an idiot like me to follow? Or is it a more in-depth continuation of this forum? If it's the latter, then I have much learning to do before I can catch up to the rest of the class.
BTW... As I said, this is only my 3rd day knowing about Forex. So I feel EXTREMELY fortunate that I've found you guys before I made any costly mistakes... Whatever you call it, a Blessing, Good Fortune, Karma, whatever... I'm thankful.Ignored
DislikedHello Gentlemen,
I am seriously considering joining the James 16 group. But I was told before I do, I should go through this thread first. So I did (the first 12 pages at least).
My problem is that I'm such a newbie (only learned the word "Forex" 3.5 days ago) and I'm confounded by all the abbreviations... RET FIB PIN. I've been through the babypips.com course (which I would highly recommend to other total noobs), but as good as that is, it doesn't cover a lot of the cryptic stuff mentioned in this thread...stuff seasoned veterans would take for granted.
Ok, here's an example of what I'm talking about... Look at the chart from post #30. It says "Put your stop above the two bars." I think stop means STOP LOSS, but which bars? I see about 500 bars there. LOL.... Oh and by the way... What part of the chart am I looking at anyway?
http://www.forexfactory.com/attachme...2&d=1119134974
SO.. my question is:
Is the James16 Private Forum written in plain English simple enough for an idiot like me to follow? Or is it a more in-depth continuation of this forum? If it's the latter, then I have much learning to do before I can catch up to the rest of the class.
BTW... As I said, this is only my 3rd day knowing about Forex. So I feel EXTREMELY fortunate that I've found you guys before I made any costly mistakes... Whatever you call it, a Blessing, Good Fortune, Karma, whatever... I'm thankful.Ignored
DislikedInteresting setup forming on the aud. Last week was an I4B on the weekly. On the daily we have a pinbar(in traffic) forming on support, after a break of the trendlineIgnored
DislikedLooks like I won't be actually trading for months and months. But that's alright. I'm patient. Thank you again.Ignored
DislikedHi ALL,
I thought you may be interested in this H&S setup. I am showing it because it has been reciprocated on the weekly. Just one to watch for a failure of 1.0475 especially after a 1HR BEOVB that has taken us into this netherland.
Comments welcome.Ignored
DislikedHi Dan,
I have gone short but getting whipped on every trade I do this week. They are being very agressive so I have changed my trading style to suit the new conditions.
Every September it changes.
Holidays are over!!
Wish me luck.Ignored
DislikedInstead of waiting for USD/CAD to break outside the range, like I usually do; I traded the range instead. Very boring, but successful trading should be boring
Looking at my 4h chart I see a ton of price action patterns, look how nicely the price was contained between the lower range limit (1.0470) and the 200 simple ma. Plenty of small trading opportunities for a bored price action trader like me LOL
Happy trading!Ignored
DislikedInstead of waiting for USD/CAD to break outside the range, like I usually do; I traded the range instead. Very boring, but successful trading should be boring
Looking at my 4h chart I see a ton of price action patterns, look how nicely the price was contained between the lower range limit (1.0470) and the 200 simple ma. Plenty of small trading opportunities for a bored price action trader like me LOL
Happy trading!Ignored
DislikedPin bar on the monthly and daily. Daily pin is off of support 1.0467.Ignored