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Please help james16 group

  • #1
  • First Post: Oct 12, 2007 12:21pm Oct 12, 2007 12:21pm
Dear sir, i heared lot about u. Iam new at this forum. Can some body give me links so i start reading for price action. Please help me.
Let's trade together.
  • #2
  • Oct 12, 2007 12:23pm Oct 12, 2007 12:23pm
Is that baby in a Klan hood?
  • #3
  • Oct 12, 2007 12:34pm Oct 12, 2007 12:34pm
Here is the place where u want to start:

http://www.forexfactory.com/showthread.php?t=2331

JAmes PA thread

Cheers

Matty
  • #4
  • Oct 12, 2007 3:09pm Oct 12, 2007 3:09pm
Quoting FXBaby
Dear sir, i heared lot about u. Iam new at this forum. Can some body give me links so i start reading for price action. Please help me.

FXBaby,

The sounds of your post are that of someone who is in desparate need of direction and a way to trade in a hurry. Not saying that this is what you are after only that is how I interpreted it.

The James16 thread is huge. I mean huge!!! Take your time and read through everything until you understand what is being said. Additionally I would highly suggest you read Martin Pring's Pring on Price Price Patterns. ask as many questions as you need to in that tjread as well. But PLEASE PLEASE PLEASE DO NOT ask questions that are answered in the first 10 pages of the thread. If a concept is unclear by all means ask away but do a little leg work on your own first. The JAmes16 thread is built on the conept of teaching you how to fish not giving you a fish.

Good luck to you and now get to reading
Nothing is impossible, with a willing mind!
  • #5
  • Oct 14, 2007 12:11pm Oct 14, 2007 12:11pm
Yes. This thead has lot of examples. But i want to highlight price patterns.
As i know,there are
1. dblhc;double bar low with a higher close on second bar

2. dbhlc; double bar high with a lower close on second bar

3. the above can be triples or more

4. two or more matching highs or lows which if broken usually mean a
resumption of the current trend

5. beovb; bearish outside verticle bar; second bar totally encompasses the
prior bar with a lower close on the second. usually signals a continuation
of the current trend.

6. buovb; bullish outside vertical bar; same as above just reversed.



If i forget to add any other important price pattern please remind me. Please add their name in your post. James thread is too big. May be i miss some other price pattern.

One thing more i have some doubt about beovb and buovb. If somebody have idea please post more three charts of each pattern so it will clear my doubt.
__________________
Let's trade together.
  • #6
  • Oct 14, 2007 3:00pm Oct 14, 2007 3:00pm
Another thing, If somebody has EA related to james16 price action, please post it. I will thankfull to you
Let's trade together.
  • #7
  • Oct 18, 2007 12:14am Oct 18, 2007 12:14am
follow this link to get some indicators for price action pattern .http://www.forexfactory.com/misc.php...chments&t=2331
  • #8
  • Oct 18, 2007 12:52am Oct 18, 2007 12:52am
Quoting jackliusr
follow this link to get some indicators for price action pattern .http://www.forexfactory.com/misc.php...chments&t=2331
I always thought that the main idea of trading price action was to not have any indicators on your charts...
  • #9
  • Oct 18, 2007 3:06pm Oct 18, 2007 3:06pm
Quoting Norman1
I always thought that the main idea of trading price action was to not have any indicators on your charts...

Response to this quote, not this author...

The idea is to be able to trade, not to wait until your machine tells you to.

I believe that time and experience can tell me what I need to know. I have a brain, this is a tough business, so therefore I expect to have to use it.

If everyone had a program or indicator that worked 100% of the time, it wouldn't work. Nobody would be left to buy a pair, for example.....we would all be long.

Price is the only thing that matters. Nothing else matters.....PERIOD.

No matter what an indicator tells you.....it could say "pinbar", it cannot tell you why you should or should not take it.

There are pinbars quite frequently. Not all of them are the right ones. Pinbars are what make you take notice....but not the only reason to take the trade.

Also, wouldn't you feel better understanding why you are trading. If it's all about dreams of getting rich, and no understanding of price and the markets, thank you for your money.

This is not to discourage you from trading, or even using this methodology. Hell, I use it, and will never look back. I do hope you do well, but Foreign Exchange isn't the "Lazy way to riches".

You will face many battles, most of which will be with yourself.

My advice: Get good at recognizing these patterns yourself. Get even better at knowing when to ignore them.

Best of luck,

Clockwork71
  • #10
  • Oct 18, 2007 3:08pm Oct 18, 2007 3:08pm
Quoting megadave5000
Is that baby in a Klan hood?

  • #11
  • Oct 19, 2007 7:33am Oct 19, 2007 7:33am
Quoting clockwork71
Response to this quote, not this author...

The idea is to be able to trade, not to wait until your machine tells you to.

I believe that time and experience can tell me what I need to know. I have a brain, this is a tough business, so therefore I expect to have to use it.

If everyone had a program or indicator that worked 100% of the time, it wouldn't work. Nobody would be left to buy a pair, for example.....we would all be long.

Price is the only thing that matters. Nothing else matters.....PERIOD.

No matter what an indicator tells you.....it could say "pinbar", it cannot tell you why you should or should not take it.

There are pinbars quite frequently. Not all of them are the right ones. Pinbars are what make you take notice....but not the only reason to take the trade.

Also, wouldn't you feel better understanding why you are trading. If it's all about dreams of getting rich, and no understanding of price and the markets, thank you for your money.

This is not to discourage you from trading, or even using this methodology. Hell, I use it, and will never look back. I do hope you do well, but Foreign Exchange isn't the "Lazy way to riches".

You will face many battles, most of which will be with yourself.

My advice: Get good at recognizing these patterns yourself. Get even better at knowing when to ignore them.

Best of luck,

Clockwork71
Couldn't agree more with you, Clockwork. Nice post, I hope many read it.
  • #12
  • Apr 25, 2008 10:55am Apr 25, 2008 10:55am
Hey, Clockwork I like your blog but I wonder why I received an infraction for putting mine in my signature. I'm not selling anything on my blog at all. I just provide what I feel is intelligent commentary that others don't like to share.
I like your Long GU. I have GJ and GBPCHF long til Mid May it's on my blog but I can't link to it on the socialist website we are using here.
It really is that easy.
  • #13
  • Aug 4, 2008 10:05pm Aug 4, 2008 10:05pm
Is j16's group good for beginners, or does he expect everyone joining to have pretty good knowledge of forex?
  • #14
  • Aug 5, 2008 3:30am Aug 5, 2008 3:30am
Quoting lolpie
Is j16's group good for beginners, or does he expect everyone joining to have pretty good knowledge of forex?
The fundamental reasoning behind the site is to ensure that newcomers to trading learn the various aspects that make you focus on how to trade and, more importantly, survive.
There are no easy looking systems, no quick fixes and no million-post threads with everyone jumping in and out of 5 pip scalps.
Take your time to study the James16 stuff on here first; it'll give you a good understanding of what it's all about.
James is not a snake-oil salesman and won't promise you anything, but if you follow his advice you'll have the best chance of surviving and prospering in this so-called route to infinite wealth.
Take care
  • #15
  • Aug 5, 2008 5:19pm Aug 5, 2008 5:19pm
The group was requested by beginners and beginners will always be its main focus.

Quoting lolpie
Is j16's group good for beginners, or does he expect everyone joining to have pretty good knowledge of forex?
  • #16
  • Oct 8, 2010 5:12am Oct 8, 2010 5:12am
Quoting james16
The group was requested by beginners and beginners will always be its main focus.
  • #17
  • Oct 8, 2010 5:30am Oct 8, 2010 5:30am
Quoting nAVIN2007
Did you get a $ bonus for that shill post 2 years after the fact?

You temple prostitutes never cease to entertain.
  • #18
  • Oct 8, 2010 6:44am Oct 8, 2010 6:44am
Quoting FXBaby

One thing more i have some doubt about beovb and buovb. If somebody have idea please post more three charts of each pattern so it will clear my doubt.
__________________
All these example only touch on what is required. You need to know about support and resistance areas. You need to trade with the trend so these patterns are very common but rare where you need to take notice of them. It would be silly to try to make an ea of it but if you search you will find indicators which highlight pin bars etc, (as if they weren't easy to spot anyway...)

It's an easy strategy but a hard one to get right. Lots of patience for the right set up. Read the thread carefully. Look at the opportunities that were passed up. Check the chart history. You're in for a lot of work or else I would forget it.
Gone to a better place
  • #19
  • Oct 8, 2010 6:46am Oct 8, 2010 6:46am
Navin you got me at my own game...



ARggghhhhh!!!!!!!!!!!!!!!!!
Gone to a better place
  • #20
  • Last Post: Oct 17, 2010 5:34am Oct 17, 2010 5:34am
Quoting smikester
Navin you got me at my own game...



ARggghhhhh!!!!!!!!!!!!!!!!!
u know me..dont waste no time
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