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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

Quoting diallist
Well said Jim. I'm ignorant of Karma, but if it's anything like "Give and it shall be given unto you.", then I'm 100% with you. I think it is unavoidable to bless others without being blessed in return. And you certainly are blessing us all here with what you are teaching us. Also agree that it is my responsibility to take what you've shared and learn to use it. If you teach me how to use a hammer and I hit my thumb it would be stupid to fault the teacher. It is a shame that some folks have a chronic case of the stupids and wont or can't take responsibility for their own actions. And lastly, I agree: BULLSHIT!

Thank you Jim
James and Diallist, I agree with you. I have found out along time ago that giving is a great thing. I know my words may sound trite but they are true. To me it is sad for those who do not give and share. They will never know the joy in giving. It is truly better and beyond any feelings of receiving.
Steven
Here is your chance to ' learn to fish ' .



This is the first time I have considered subscribing to a thread.

Very complementary with Fib trading.


James .... Expect some synergistic ideas as others begin to put your charts and their ideas together.... for even more trading power.


Thank you for sharing.

Lou
Quoting james16
every thing i have posted has been learned from someone else. learning to trade succesfully with them is the traders responsibility and trust me it is not automatic. now i am teaching others. i believe in karma and i truly believe that the powers that be will smile on me. now maybe some of you who along with me have listened to the drumbeat of go it alone you will never be a good trader until you figure out your own system will say along with me. BULLSHIT. without help from others i would have quit a long time ago. do not be afraid to learn from others even if you lose trading thier ideas. you learn more sometimes from the losses than the winners. spending money on books and tapes and websights over twenty years is how i got here. jim
James fantastic work that you are showing us. There is alot to learn in your charts if anyone wants to Learn. You got to want to to be taught. I know I sure do. Merlin asked how we can make this forum better, you just did. You did like that chef Emeril says " Another Notch!"
Quoting Trinity
James, you have produced really helpful strategies and most useful charts.

Would you say that Todd Mitchell has produced the most profitable techniques, not really needing much to add to them, or would you add others?

For anyone wanting a good free chart reproducer for printing, producing negative images etc., I can recommend IrfanView at

http://www.irfanview.com/

Thanks, again, James.
hey trinity, price price action analysis is only about ten percent of what you get when you purchase his course. it is the foundation for the way he trades. his course is a daytrading system that can be used on any time frame. i highly recommend it.
Quoting Lou
Here is your chance to ' learn to fish ' .



This is the first time I have considered subscribing to a thread.

Very complementary with Fib trading.


James .... Expect some synergistic ideas as others begin to put your charts and their ideas together.... for even more trading power.


Thank you for sharing.

Lou
i am hoping this will happen, i am ready to learn more myself.
James,

How do you think the techniques used by Todd Mitchell might be weakened by being limited somewhat in order to trade Forex (or other markets) mainly between 21.00 hrs to 10.00hrs next day EST, due to the Australian time differential?

Are they well suited to trailing stops and the use of price or other alerts? I use a baby alarm for alerts while sleeping, but at 75 am not happy to have too much activity between 10.00hrs and 2100hrs EST.

Appreciate your response.

Best wishes

Trinity
Quoting Trinity
James,

How do you think the techniques used by Todd Mitchell might be weakened by being limited somewhat in order to trade Forex (or other markets) mainly between 21.00 hrs to 10.00hrs next day EST, due to the Australian time differential?

Are they well suited to trailing stops and the use of price or other alerts? I use a baby alarm for alerts while sleeping, but at 75 am not happy to have too much activity between 10.00hrs and 2100hrs EST.

Appreciate your response.

Best wishes

Trinity
wow trinity, a baby alarm and your seventy five. i got a real kick out of that. mr. mitchells program is tradable in any market on any time frame even though the core is daytrading. he offers a complete refund if not satisfied. trailing stops are part of his program. it is packed with good info but i would be remiss if i did not tell you that if you are new to trading it will take you a while to take in, understand and implement the whole course. jim
Glad we can still chuckle.

We celebrated our fiftieth wedding anniversary July 2004 and, of the five children, our eldest is fifty this July, and our baby is 41 with four of her own.

The alarm works really well, but the email is turned off as they can come any time. Xtick allows multitudinous types of alarms. Using daily charts simplifies attention, and one technique is to enter when close and H/L is </> the 5 EMA which is turning sharply down/up -- the shorter time frames can be used with Fib retrace.

BTW for those interested, most, if not all, problems such as lack of 1K accounts; no NZDUSD; no trailing stop; poor charting and few indicators; poor order revising operations; stop hunting; dealing desk disconnecting or prices/trades frozen; widening (and wide) spreads -- are expected to be solved, I'm informed, with the launch of the new group FINEVO By September 2005, in which all traders will be treated as clients and deserving of the best. Great charting will be part of the dealing platform which is being finalised now. We can expect an improved type Xtick charting solution.

Major centres at launch will be USA, Australia and Zurich.

The Australian Forex Traders Club will be part of the family. I really can't answer questions for although we have been privy to the development and have made recommendations based on our experiences (good and bad), we don't have that prerogative.
Hi james. Very interesting stuff and I think I speak for all in saying much appreciated. I am curious about the time scales you use in all the charts. Do you always scan multiple time scales or have you found that you like a particular one for your method of trading? I only ask because your charts are on different time scales.
Timing is everything.
Quoting redart
Hi james. Very interesting stuff and I think I speak for all in saying much appreciated. I am curious about the time scales you use in all the charts. Do you always scan multiple time scales or have you found that you like a particular one for your method of trading? I only ask because your charts are on different time scales.
the price action is applicable to any time frame on any market. after years of trading i have found that certain time frames on certain markets match my temperment. as i said i think daytrading forex is difficult, at least for me. daytrading defined by me is 15 min charts or less. i daytrade mini dow, mini sp, mini nasdaq, mini oil, euro fx, t bonds, mini russell and some commodities on 5 and 15 min charts. i also position trade all of these markets on daily charts. i like to position trade the currency futures. i also do not trade any market the first hour after open. to unpredictable for me. i position trade forex on daily and 60 min charts, however the forex trades on daily charts are often open and closed the same day. all of this is just me, someone else might enjoy and be succesful at daytrading forex. the key is to demo any market you are considering to be sure you have a feel for the market and how you are trading it. jim
When I first went to a 2 day seminar in August 2003 I learnt to use multiple time frames and have found these to be essential to get the big picture as James has confirmed. Week, Day and 240min are all useful.

I have been demo trading since then and started live in March this year.

new chart
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What information do you get from the 365 ?


Lou
Quoting Lou
What information do you get from the 365 ?


Lou
i use all the indicators in many ways beyond the scope of this thread but for the most part i use them to see the big picture for support and resistance.
new chart
Nice thread James16. When is your trading course coming out? <jk>

FT
  • Post #57
  • Quote
  • Edited 1:59pm Jun 20, 2005 10:54am | Edited 1:59pm
Quoting fijitrader
Nice thread James16. When is your trading course coming out? <jk>

FT
i have been wondering where you have been. i think i know unless that forum has another fijitrader. my course comes out just as soon as all traders stop losing money for no good reason. if i started getting nasty emails or phone calls it would get to me. im a sensitive kinda guy you know fij. now the thought has crossed my mind to send out trades for a monthly fee but if i started pushing that here i think i might get in trouble. i hope you will decide to add to this thread fij with some new ideas on trading off of these set ups. jim
new chart,
new chart,,
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Quoting james16
new chart...
James are these all kelter bands or are some bollinger bands? They look like bollinger bands to me.
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