james16 Chart Thread

Sorry, not quite clear on what you mean. There are Vegas and Knife indicators here at FF. I can't recall anything specifically on Jims price action bars.

A site I find occasionally useful tho is : http://www.lightpatch.com/forex/mt_yahoo/ they have 3 1/2 gazillion indicators, EA's etc etc
Cheers,
Altos.

Geld.... this might be the best trading I've ever seen documented here. As Darth would say, most impressive.

Will you retain the same resolve to stay in those 6 day trades when it is for "real" money? I must admit, that is always MY problem. Thanks for sharing.

Ok...

I believe that simply must join the PF...

what I would like to know is what is the process and how long does it take to actually gain access???

I mean.. once I've made payment, when will I receive access to the forum, which I am presuming is actually a private part of the FF forum???

Thanks for any details and help

David

Yes you will get access as soon as you make payment.
It is worth the money. I have paid a lot of money on other forms but they do not come close to the information you get here this the best place to learn forex. LOL

parttime

Here's the link http://www.james16group.com/

Everything's automated, so you should have access within 24 hours from receipt of payment.

Yeah my account was active immediatly after payment, and access was instant. Not sure if that is the case always, but it will be quick. Strap up too, cause ur in for quite a treat.


Best of luck,
Mike

ps. Dont get overwhelemed, cause their is a TON of info. Just one thing at a time and enjoy it

Hi all,

just wanted to share todays trades with you all.
Took an IB break on EURUSD after a sort of pin on cable failed to the upside(again, I still think trading that sort of "break" should also be viable, and today proved it another time) and get this: to the pip my limit was hit, EURUSD got dizzy and now look at the mess.
One of the most whacky days.
Ironically I took a short on AUDUSD just before it happened and that moved all of 14 pips whereas all other pairs put in 50-70....hmpf!
They just don't want me to get too happy
Anyway, just wanted to share.

Lightpatch is a nice collection and all, but quite frankly I believe that this style is made for getting over all of that sort of thing and I for one am SO glad of that.
Happy to see others are starting down the same path as well, it sure helped me gain a bit more hope and confidence again.

Chart attached.

My best wishes and good luck to you all,

SeekingLight

why is this thread so dead these days???

did everyone join the PF or or did they just move on to the next bigger and better system?

Does Jim ever post in here anymore...

I sent him an e-mail 2 days ago regarding the Private Forum and have received no response...

anybody know what's going on here?

I was wondering the same thing, really.... Doesn't really *look* like he does... His *very last* post up to now however *was* on *this* thread on the 2nd of November... Maybe he is busy, out of town, on vacation, sick... Your guess is as good as mine! Not me! I cannot imagine it is on purpose though!

huh, i thought it was picking up. early in 2005 forex factory looked much different. when you logged on depending on the time you never saw more than 30 or 40 people. often it was 10 or 15. for months the factory was a small tight knit group of people that became very close friends. most are gone now but there are still a few around. they know who they are. this thread came about in an attempt to help out 5 or 10 core members at that time. think about that for a second. i never in my wildest dreams sa this leading to a paid teaching group with over 200 members much less forex factory becoming the monster it now is.

let me share my plans. before i do let me just say none of this and i mean none of it would have been possible without merlin. all those months ago it was not me that had the idea for the j16 group, it was merlins idea. i told him he was nuts. no one cares about what i do. he said your wrong and you will see. he was proven correct. now for the plans. our group is going high tech. new website. all teaching material done in streaming video format and weekly/monthly webinars for hundreds of traders.

the current j16 group is done in the same format as this thread. when all of this is implemented i will feel ok about getting this thread back on track and posting regular charts and updated /new material. in fact im looking forward to it a great deal. i have been here a long time guys. my thought process is not about today or tomorrow but next year and the one after that. you see all the threads around here that get hot and then fizzle. mine wont be one of them. my thread is here for the long haul and i look forward to seeing it be the first to hit one million views.

jim

james,



Do you have any intention of addressing the question about what system works well with the "james price action method"


regards,


volvo

yes. what system to use? i believe the question was how price action can help with any system. the whole point of learning price action analysis is to then take it and allow it to help a trader refine and determine less risk when entering a trade. yes the bars can be used by themselves to enter with a basic knowledge of simple support and resistance but is that not a system when you get down to it? what i intend to do is put forth several common systems used by many traders and show by applying this knowledge how the success rate can be dramaticly increased. i teach a method not a system. blindly following a system is for fools. i know because i used to be one and found myself in the fetal position on more occassions than i care to remember. succesful traders are not made they are created after much effort, practice and experience.

i just recieved an email today from a guy who has a mentor. this mentor has a 64 million dollar account. he has seen it personally. the guy shoots for a hundred grand a day when he trades. the mentor showed this guy exactly what he does even to the extent of trading side by side with the him. he has watched this pro win time after time. his email to me was he cant do it even though he knows exactly what the guy is doing. at this point in the email i smiled because i knew what was coming. he said the mentor wins due to experience which has given him a feel for determining yes or no on a trade even though the system is telling him this or that. for all of you looking for a system thats going to release you from your job and make you filthy rich please save yourself from the torture thats surely coming your way. there is no such system. there is however a long road to success. it will take time, persistence, dedication, common sense and a never quit attitude. experience and feel are everything in this business and they damn sure dont come after demoing for three months.

jim

I not James16 (I wish), but I have found that OrangeRoshan's SRDC Method with James16 price action to be quite successful.

Don't get me wrong "james price action method" is great on its own.

Jim

Hi Volvo,
I guess this is what Jim is getting at. I'm sure you too have seen the "quest for Mouteki filters" threads around. Mouteki's method works great on it's own. But, with price action, you can minimize your losses and thus making it a more profitable system than it is already.

Here's an example in the chart. Price openned below the bottom trendline ... a Mouteki sell signal. So you enter immediately (according to Mouteki that is). When the next bar opens, you'd have seen that the bar you entered on is a Pin Bar. So you exit your trade for a small loss, instead of waiting for price to hit your stop.

Price action compliments any system.

Take Care
Habeeb

"it will take time, persistence, dedication, common sense and a never quit attitude. experience and feel are everything in this business and they damn sure dont come after demoing for three months. " james16


Thanks again James, i feel that this should be the quote of the day, everyday.


Rsq955

GO TO THE POST JUST MADE BY HABEEB. THATS EXACTLY WHAT IM TALKING ABOUT. A SYSTEM SELL/BUY SIGNAL SCREAMING DONT ENTER/GET OUT IF YOU KNOW HOW TO ANALYSE PRICE ACTION.
I DONT TRADE THAT MUCH TALKED ABOUT SYSTEM BUT I KNOW ONE THING.
APPLYING PRICE ACTION ANALYSIS IN YOUR DECISION MAKING PROCESS WILL MAKE IT BETTER. IT ALWAYS MAKES IT BETTER. NO MATTER WHAT SYSTEM OR MANNER YOU TRADE. THANKS HABEEB I THINK THIS PRETTY MUCH WRAPS IT UP. LOL.

*edit* nevermind

habeeb,


Thats a very useful answer.


regards,


volvo

Ok Here Are A Couple Of Simple Examples And One Of My Rants To Go Along With Them.

Example