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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

  • #1,221
  • Oct 31, 2006 2:18pm Oct 31, 2006 2:18pm
Quoting james16
new chart
Hi Jim,

I have followed ur lesson and I can say they are great!! But now, I have a question. How if 2 bar matching lows in an up trend? How to read it?

Thanks!!
  • #1,222
  • Oct 31, 2006 2:26pm Oct 31, 2006 2:26pm
Quoting james16
new chart
Is it a dblhc??
  • #1,223
  • Oct 31, 2006 7:27pm Oct 31, 2006 7:27pm
Quoting andersenws
James, I've read the material in this thread and it is awesome. I have been thinking of joining the PF but don't want to the month before this new stuff comes out. Any idea on a timeline for the stuff you mentioned above?

Thanks,
andersenws
andersenws, I don't have the time/energy to participate on this website as I would like and I respectfully defer to the real forex experts that contribute to my education every day, but I would appreciate the opportunity to be heard on this subject. I know that James doesn't want to see anyone's money wasted (just shows where his heart is), but if you joined the PF for the information that is already there, it would be worth it. When James' upgrade comes along, it will be even more outstanding because I don't believe he will settle for anything less. As has been said many times, this is some of the best money spent in forex training. You will be plenty challenged to digest everything there before more tools are provided.

- Dan
  • #1,224
  • Nov 1, 2006 5:06am Nov 1, 2006 5:06am
James ,



Will there be a price hike once the pf forum is upgraded?


regards,

volvo
  • #1,225
  • Nov 2, 2006 12:58am Nov 2, 2006 12:58am
Pin Bar confirmed GBPUSD
Attached Image
  • #1,226
  • Nov 2, 2006 1:07am Nov 2, 2006 1:07am
thanks gids. very nice of you. outside of my family nothing these days makes me feel better than people saying these kinds of things about what we do.
Quoting Gids
andersenws, I don't have the time/energy to participate on this website as I would like and I respectfully defer to the real forex experts that contribute to my education every day, but I would appreciate the opportunity to be heard on this subject. I know that James doesn't want to see anyone's money wasted (just shows where his heart is), but if you joined the PF for the information that is already there, it would be worth it. When James' upgrade comes along, it will be even more outstanding because I don't believe he will settle for anything less. As has been said many times, this is some of the best money spent in forex training. You will be plenty challenged to digest everything there before more tools are provided.

- Dan
  • #1,227
  • Nov 2, 2006 1:11am Nov 2, 2006 1:11am
no. if the day ever came where we considered a rate increase there would be at least a couple of months heads up. one of the reasons i dont get sour emails is directly tied to the fact its so much info for the price its almost silly for anyone to be upset even if they dont like it. that single reason is enough to keep it where it is.
Quoting volvo264
James ,



Will there be a price hike once the pf forum is upgraded?


regards,

volvo
  • #1,228
  • Nov 2, 2006 1:14am Nov 2, 2006 1:14am
i have not forgotten several things i said i was going to do in this thread the last couple of weeks. if i remember correctly, and i will go back and look, someone asked to see an example of price action enhancing and supporting a system. thats the first one i will get to.
  • #1,229
  • Edited 5:44am Nov 2, 2006 5:28am | Edited 5:44am
Hello James,

To quote yourself "i have not forgotten several things i said i was going to do in this thread the last couple of weeks. if i remember correctly, and i will go back and look, someone asked to see an example of price action enhancing and supporting a system. thats the first one i will get to."


Thanks James. The post regarding price and a supporting system is post number 1211. Here is the post again which is enclosed in brackets :-

(Hello james,


Many thanks for the above post which I find helpful. If I may quote you , you mentioned that:-


"price action analysis is different. it can be stated simply as a method. a method is always more simple and always more reliable. combine a method with a system that is practical and robust and your onto something. "


I agree with the point about price action. Price is "King" in terms of trading. You also mentioned above about combining price action method with a practical system. Please can you mention the name of a system that you use in conjunction with the james16 price action method or perhaps mention the name of a system that appears to work in conjunction with the james16 price action method. Many thanks in advance.)




I look forward to your reply James. Many thanks.
<!-- / message -->
with regards,


volvo
  • #1,230
  • Nov 5, 2006 11:41am Nov 5, 2006 11:41am
James, dial or anyone, I have been trading the bars for the last 6 months in my live account and doing well. I have read this thread a number of times and like many others, it has really improved my trading. BUT I am not up on using Fib. I use net dania charts from the fxcm platform and I need some help and guidance on how to confirm various pin bar set ups using Fib. I am totally lost. I have read the previous posts over and over and I still cannot set up the fib. correctly and moreover know what I am looking at. I would be deeply grateful if someone could walk me through it. James and the boyz thanks a million, you are doing great work...Jim!
Enter Signature
  • #1,231
  • Nov 6, 2006 3:14am Nov 6, 2006 3:14am
Quoting jamesr24
James, dial or anyone, I have been trading the bars for the last 6 months in my live account and doing well. I have read this thread a number of times and like many others, it has really improved my trading. BUT I am not up on using Fib. I use net dania charts from the fxcm platform and I need some help and guidance on how to confirm various pin bar set ups using Fib. I am totally lost. I have read the previous posts over and over and I still cannot set up the fib. correctly and moreover know what I am looking at. I would be deeply grateful if someone could walk me through it. James and the boyz thanks a million, you are doing great work...Jim!
Hello - Go get a FREE (demo) copy of Meta Trader 4 (MT4) good from IBFX for 30 days, FXDD for 90 days or UGMFX for indefinite non expiring (I believe)

Get familiar with MT4. It is what probably most who don't use Trade Station use and it is FREE - and it's data feed also. There are hundreds of additional indicators and Expert Advisors (EA's) available here and on many other sites. This will let you duplicate EXACTLY what Jim, Dialist etc etc are doing. There are the Vegas tunnel Fibs and absolutely Everything you need. Not to be rude but Netdania is good for children by comparison.
Hope this helps,
Altos.
  • #1,232
  • Nov 6, 2006 3:31am Nov 6, 2006 3:31am
Altostrader, do u have the SRV file for UGMfx.com platform?

goto [ugm folder]\config

Pls upload SRV file here in zip format. Thanks.

---Alternative is open SRV file with notepad, scroll to the right...u'll see the IP demo.
CCI decipherer
  • #1,233
  • Nov 6, 2006 8:14am Nov 6, 2006 8:14am
Thank you so much to James et al for opening my eyes to price action and helping to improve my trading tremendously.

I had obviously read up on the basics of price actions when I started with Forex, but as a total beginner there is so much to take in and somehow I neglected the entire space of candle patterns and instead focused on indicators such as MA crosses and 'easy' systems such as Sidus and Bago.

I came to the James16 thread essentially via 4h trading with Mouteki. The latter got me into price action and longer term charts which then prompted me to check out the Dailys.

I have now been demoing this for the past 4 weeks on 10 pairs and the result are promising to say the least with 400+ pips per week:

Week 1: 5 trades, 5 winners, 525 pips
Week 2: 5 trades, 3 winners/2 losers, 115 pips
Week 3: 8 trades, 5 winners/2 losers/1 even, 770 pips
Week 4: 13 trades, 5 winners/3 losers/2 even, 3 open, 220 pips (so far)

I do like this a lot more than scalping on M15 or even most 1h-based systems.

For those who have not given this a go, try it and see for yourself!
Consistency and patience is everything
  • #1,234
  • Nov 6, 2006 8:54am Nov 6, 2006 8:54am
Quoting Geldmeister
Thank you so much to James et al for opening my eyes to price action and helping to improve my trading tremendously.

I have now been demoing this for the past 4 weeks on 10 pairs and the result are promising to say the least with 400+ pips per week:

Week 1: 5 trades, 5 winners, 525 pips
Week 2: 5 trades, 3 winners/2 losers, 115 pips
Week 3: 8 trades, 5 winners/2 losers/1 even, 770 pips
Week 4: 13 trades, 5 winners/3 losers/2 even, 3 open, 220 pips (so far)

I do like this a lot more than scalping on M15 or even most 1h-based systems.

For those who have not given this a go, try it and see for yourself!
Hi Geldmeister,
welcome to the dark side
If you indeed made some trades off of the daily charts why not take some of the examples and show us the actual trades and reasons for taking them. Entry, stop placement and exit would be interesting to see and nice to compare.
I'm sure others feel the same way. Pip counts are nice, but the actual trades are what help everyone to spot things and learn

Just my thoughts on this, wish you the best of luck should you go live with it.

SeekingLight
Trust price. Know yourself.
  • #1,235
  • Edited Nov 7, 2006 11:03am Nov 6, 2006 10:12am | Edited Nov 7, 2006 11:03am
For those who are interested, here is a copy of my trade log. Please note that the stops were mostly not set prior but my goal was to identify what size stop was needed to win. As you can see there are many trades that did not require a particularly large stop. And all I did was enter at the end of the day (mostly 10pm GMT). When I go live with this I may finetune my entries a little more.

In parallel I also tested Mouteki and when there was a signal from both this and a TL break on H4 one tends to have a strong trade.

{Image removed, please repost no larger than 600x600}
Consistency and patience is everything
  • #1,236
  • Nov 6, 2006 10:33am Nov 6, 2006 10:33am
No offense taken, I also use metatrader as well with my other live account at interbank but I was looking on specific details as to when where and how to confirm the trades using fib. Looking for some specifics in regards to the price action bars. Any help would be appreciated...
Enter Signature
  • #1,237
  • Nov 6, 2006 1:18pm Nov 6, 2006 1:18pm
Hi Everyone!

Fairly new to FF but have been trading forex and other markets fairly inconsistently for over 10 years...

guess my problem has always been a constant serach of the latest greatest system instaed of sticking to something that works

anyway... James16 has posted some very inpressive stuff here and I feel I would like to settle down and finally Learn something for a change...

I am considering joining the rpivate group, wold like to har what some of your guys think about it first...

and James16... feel free to toot your own horn if need be

Im just curious as to exactly what I can expect...

do you get specific calls??? potential set-ups??? different methods... what???

anyway... thanks for any info and input you can provide..

Happy Trading all

David
  • #1,238
  • Nov 6, 2006 2:32pm Nov 6, 2006 2:32pm
Joining the PF was the best thing to ever happen to my trading. What James, Dialist, and Fiji give in there is absolutly amazing. Not to mention the contribution from other PF members. You dont get live calls, james specifically is trying to give you a foundation in price action. He gives run downs of what hes looking at for a bunch of pairs. A few systems he trades, and so much more. I can with 99.9% certainty guartantee you wont be disappointed.

Really its so cheap that even if you arent happy with it. For 130$ i guarantee you find something useful

Best of luck
Mike

PS: There is a thread here in the public FF that breaks down each section by title of whats inside the PF. I dont have time to look for it now, but shouldnt be too hard to find.


Quoting DaveG777
Hi Everyone!

Fairly new to FF but have been trading forex and other markets fairly inconsistently for over 10 years...

guess my problem has always been a constant serach of the latest greatest system instaed of sticking to something that works

anyway... James16 has posted some very inpressive stuff here and I feel I would like to settle down and finally Learn something for a change...

I am considering joining the rpivate group, wold like to har what some of your guys think about it first...

and James16... feel free to toot your own horn if need be

Im just curious as to exactly what I can expect...

do you get specific calls??? potential set-ups??? different methods... what???

anyway... thanks for any info and input you can provide..

Happy Trading all

David
  • #1,239
  • Nov 6, 2006 10:49pm Nov 6, 2006 10:49pm
Thank you for taking the time to give me your input...
  • #1,240
  • Nov 7, 2006 6:18am Nov 7, 2006 6:18am
Quoting sogt725
Altostrader, do u have the SRV file for UGMfx.com platform?

goto [ugm folder]\config

Pls upload SRV file here in zip format. Thanks.

---Alternative is open SRV file with notepad, scroll to the right...u'll see the IP demo.
This should get you there :-)
Altos
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