Quoting james16Dislikednew chartIgnored
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting james16Dislikednew chartIgnored
Quoting hk334DislikedI am not questioning your opinions or data on the charts. That has been very enlightening. I find that my sense of humor and quirky education kicks in quite quickly when I find something to question and since there were no posts where posts were said to be, like the boy that was told that the king had on new clothes but was actually wearing nothing (no posts) I asked "or does the "king really have no clothes" The sad thing about explaining a joke is that all humor is lost in the explanation!Ignored
Quoting james16Dislikedhello linus, love your avatar and username. everytime i see it i go back to 6 years old and smile. you heard right. i was careful not to say that for a while until i was sure but i will say it now. this is my opinion of course. still not sure exactly why but it has something to do with 24 hours vs 8. maybe its also because of so many more years of experience with the dow and sp. a 24 hour move in forex is comparable to 3 days in the dow. long time futures traders have to get used to the 24 hour thing.
the mini dow is much easier to trade than the mini sp. with the mini dow each tick is 5 dollars a contract which gives you much more flxibility than the mini sp or russell which have much higher tick/point values. there are a ton of futures brokers you can demo with. direct trade is one. im not sure if they still offer a demo platform but lions futures is great to trade with. the easiest platform for beginners is jtrader but there are many more. direct trade has a super easy electronic platform. one thing about direct trade. they will start you at a high commission unless you ask for a low rate. asking is all thats required. ask for 7 dollars round trip per contract and i bet they say yes. they did when i asked.Ignored
Quoting james16Dislikedhello blue, great questions and yes there is a wieght to these bars. thats been one of my worries from the start of this thread. a new trader will not know where they are in relation to not only the chart they are on but other time frames and the particular bar showing there. even the pin bar in the wrong place as accurate as it is can be costly. the bars should be used in conjunction with support and resistance areas and at swing highs and lows. i have said that its possible to trade better than 60/40 with just the bars and nothing else and i am serious. but it takes practice, a lot of practice. the practice is worth it because when you reach a point where you can do it with price only you then have a much better chance of being succesful with your system/s. i have found nothing as accurate as the pin bar when it shows up IN THE RIGHT PLACE. welcome to the forum. jimIgnored
Quoting RandolermoDislikedJim, I've demoed Forex trying multiple strategies with no consistent luck that would want me to put real money on the line. With that said, the mini dow and sp really interests me along with day trading. Can I assume this is one of your speciality you will provide training and guidance upon signing up.
Ready to learn...RandolermoIgnored
Quoting james16Dislikedthe single most important thing from a personal standpoint i can say about the private forum is this. i did not develope and spend six months working on it to try and get rich, i have money. nor do i care about how many subscribers it has now or at any time in the future. the last thing in the world i want or need is a ball and chain to drag around......
it grew out of this thread and requests for help. its purpose was to give people an affordable place where they could spend a few months or longer learning stuff that cost me tens of thousands of dollars and over twenty years learning. i dont know what the success rate is with similar places but i dont know how anyone could beat ours. 1200 plus subscriptions and 3 requests for a refund. .....Ignored
Quoting MoneyMa$terDislikedSir,
Even though I'm a newstrader, I just invested a good 10 hours of my life this Saturday reading with avid fascination the evolution of this marvelous thread and the PF. By facilitating the success of others, your success is guaranteed. As you noted, when doing something with the wrong motivation, wrong outcomes result. But when your project comes from the heart, unselfishly, particularly when helping another, then the favor of God must come to rest on the project, its proponents and its beneficiaries.
Continued blessings upon you and your family, as well as everyone who helped bring your vision to fruition.
Simply a masterpiece.Ignored
Quoting james16Dislikedhello trumpcard, here is as honest as i can get
1. backtesting on charles system was done manually by its inventors, the results are unbelievable so i wont post them. i have said before that its not my intention to overhype the pf so i wont here even though you have given me a golden oppurtunity. i will be presenting some personal systems but my main focus will be teaching price action. shoot charles ( dialist) a pm and he might send you the actual results. i believe they run the past couple of years.
2. everything in the pf will require demo trading in my opinion to become good at them.
3. i see no reason why they could not be automated but there is some descretion in all of them.
4. there will absolutly be no live trading calls in the pf. the forum will be for teaching and educational purposes only. i dont want to go to jail or be fined by the authorities.
5. the ongoing commitment will be 99 bucks a month.
6. you can quit whenever you want, the whole purpose of the pf is to teach some really good and unusual stuff. i think most people would be better served to stick around longer than two months but you can print it and leave in 2 days if you want.
THE ENTIRE POINT OF THE PF IS TO HELP NOT TRY TO TAKE YOUR MONEY FOR NOTHING. ANYONE WHO SPENDS THE 99 BUCKS WILL SEE THIS IN ABOUT 2 SECONDS. thanks for your questions.Ignored
Quoting PeterFMDislikedIt is.
PeterIgnored
Quoting Bill13DislikedI'm new to this FORUM, and new to James16, so please forgive if I misunderstand the message.
The message said: "the ongoing commitment [to pf] will be 99 bucks a month."
Is this the same "pf" as the monthly forum for the $129 = currently the recurring monthly charge?
Bill13Ignored
Quoting SunrunnerDislikedI finally made it through the entire thread so I just wanted to make a quick post to make myself known.
Forgive me if I don't repeat what every one has already said.....I think at this point it's understood that if someone actually took the time to get from page 1 to page 66, they don't have anything negative to say.
I will however say this....
It was more than a little refreshing to look at a chart where I could still see the price bars!!! At one point my charts had gotten so out of hand with indicators that the box containing the price bars was often too small to see. Going from staring at a mess to actually seeing something is a welcomed change.
Anyway, thanks for everything up to this point and my plan is to sign up for the PF and see what there is to be seen.
(Someone made a poker reference here not too long ago about playing "Big Slick". I found that funny because, being an avid poker player myself, I often compare learning curves such as this to the one I experienced learning poker. I went from "gambling" and never walking away from a table with a chip to "analyzing", which has made me an overall winner. Hopefully a similiar transition awaits here as well.)Ignored
Quoting SunrunnerDislikedI finally made it through the entire thread so I just wanted to make a quick post to make myself known.
(Someone made a poker reference here not too long ago about playing "Big Slick". I found that funny because, being an avid poker player myself, I often compare learning curves such as this to the one I experienced learning poker. I went from "gambling" and never walking away from a table with a chip to "analyzing", which has made me an overall winner. Hopefully a similiar transition awaits here as well.)Ignored
Quoting james16Dislikedthanks m, anyone who quotes the brothers is ok in my book. looking forward to seeing what you got.Ignored
Quoting mpotisDislikedThanks East,
That's a good suggestion. Perhaps I will move it to the journal section in the near future. The post was in response to a challenge that James threw out earlier in this thread about adding his price action techniques to any system to supercharge it. I thought his appeal was sincere and had some merrit as I am a big fan of his pin bars, DBHLC, etc. I will gauge the response I get here and then make a decision. The biggest difficulty for me is that I only trade on a part time basis right now and my time on the tube is very limited. I divide my time between trading or learning to trade and doing research to become a better trader. Maybe starting a journal with this system wil be just what I need to help me get to the next level of trading and becoming a full time trader trading for a living. That is my objective.
Thanks again East, your comments are always appreciated.
MIgnored