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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

  • #11,701
  • Jul 15, 2008 12:53pm Jul 15, 2008 12:53pm
Quoting james16
Sometime next month I am going to start doing once a month webinars for NON-MEMBERS that frequent this thread as a way of saying thanks. These will be very basic general sessions. This has been planned for a long time and i think im about ready.

These sessions will be for one reason only. To help you and THERE PURPOSE WILL NOT BE TO PITCH THE GROUP OR GET YOU TO JOIN. You will recieve NO suggestions to join before, during or after the session/s.......... EVER.

Over three years now and im proud to say we have no affiliates, banners, not one dime spent on advertising, no mass spam emails and not one past member has ever recieved a request to come back.

We do things differently and these sessions will be no different.


Stay tuned on when and how to attend,

Jim
Looking forward to it Jim. This thread has helped my trading immensely. Without it I wouldn't have gotten this far this fast. Thanks again to everyone.
"Don't trade to trade . . . trade to win." - James16
  • #11,702
  • Jul 15, 2008 12:55pm Jul 15, 2008 12:55pm
take your pick
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Money & Pain Respect the market, protect your capital, be patient
  • #11,703
  • Jul 15, 2008 1:22pm Jul 15, 2008 1:22pm
Its a wonderful idea . Thank you so much Jim for taking the time to do this.

Quoting james16
Sometime next month I am going to start doing once a month webinars for NON-MEMBERS that frequent this thread as a way of saying thanks. These will be very basic general sessions. This has been planned for a long time and i think im about ready.
Jim
  • #11,704
  • Jul 15, 2008 1:31pm Jul 15, 2008 1:31pm
Since this thread always seemed to be about trading without indicators i never really took the time to understand divergence as my charts are clean.

So basically you are saying look for your basic price action setup ups which are supported by support/resistance and then check for divergence which is another point of confluence? Anyone feel like posting a chart?


Quoting james16
spotting these price action set ups at double or triple bottoms/tops and finding divergence with cci,macd,stoch,rsi etc is about as sure a money making set up as your going to find in this business if your a chart trader. spend some screen time and go look to confirm. a strong case can be made to just be patient and trade nothing but these set ups. they are not rare and can give any new or struggling trader a very good chance of success if they learn to use good MM/risk perameters and follow my mantra of treating it as a business. This is a very large thread with a ton of great posts by a lot of great people but trust me when i say this.

If you will take this one post seriously it might be the single most "valuable" one in the thread.

Jim
  • #11,705
  • Jul 15, 2008 1:34pm Jul 15, 2008 1:34pm
i will post a chart. i use ocsillators/indicators for one thing only (divergence) and in my opinion its all they are good for. CAUTION!!!
divergence will kill you in a trenbding market. it is best when used at retests AND WITH PRICE ACTION CONFIRMATION.

Quoting saskgui
Since this thread always seemed to be about trading without indicators i never really took the time to understand divergence as my charts are clean.

So basically you are saying look for your basic price action setup ups which are supported by support/resistance and then check for divergence which is another point of confluence? Anyone feel like posting a chart?
  • #11,706
  • Jul 15, 2008 1:43pm Jul 15, 2008 1:43pm
chart
Attached Image (click to enlarge)
Click to Enlarge Name: dive.gif Size: 29 KB
  • #11,707
  • Edited 4:13pm Jul 15, 2008 3:12pm | Edited 4:13pm
I Collected some potential Pins on EUR/USD,Gold,AUD/CAD,Dax Futures!

With the close of the day especially Gold ,FDAX and AUD/CAD should be tradeable..

whats ur ideas ?


EDIT-Corrected Silver to Gold ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD Daily Pin.jpg Size: 139 KB
Click to Enlarge Name: EURUSD Daily Pin.jpg Size: 125 KB
Click to Enlarge Name: FDAX Daily Pin.jpg Size: 181 KB
Click to Enlarge Name: Gold Daily Pin.jpg Size: 124 KB
  • #11,708
  • Jul 15, 2008 3:36pm Jul 15, 2008 3:36pm
Quoting saskgui
Since this thread always seemed to be about trading without indicators i never really took the time to understand divergence
SO TRUE !!!!
Find an Edge. Only way to succeed in this business.
  • #11,709
  • Jul 15, 2008 3:58pm Jul 15, 2008 3:58pm
Quoting james16
chart
thank you very very much, i think i spotted valuable
information with the second look.

I learn so much from this thread, big thank you again.
  • #11,710
  • Jul 15, 2008 4:11pm Jul 15, 2008 4:11pm
Looks like a good setup to me guys...
  • #11,711
  • Jul 15, 2008 4:12pm Jul 15, 2008 4:12pm
Quoting soeasy69
Looks like a good setup to me guys...
How do i post my chart on here?
  • #11,712
  • Jul 15, 2008 4:20pm Jul 15, 2008 4:20pm
Quoting james16
Sometime next month I am going to start doing once a month webinars for NON-MEMBERS that frequent this thread as a way of saying thanks. These will be very basic general sessions. This has been planned for a long time and i think im about ready.

These sessions will be for one reason only. To help you and THERE PURPOSE WILL NOT BE TO PITCH THE GROUP OR GET YOU TO JOIN. You will recieve NO suggestions to join before, during or after the session/s.......... EVER.

Over three years now and im proud to say we have no affiliates, banners, not one dime spent on advertising, no mass spam emails and not one past member has ever recieved a request to come back.

We do things differently and these sessions will be no different.


Stay tuned on when and how to attend,

Jim
Hi james,been a long time reader of this thread. This is the first thread I read when I first came here. Even though are trading styles are from two differnt planets, count me in I am always willing to learn : ) Keep me posted...Regards,Agentfx
It's me...
  • #11,713
  • Jul 15, 2008 4:28pm Jul 15, 2008 4:28pm
Quoting soeasy69
Looks like a good setup to me guys...
There is bullish outside bar on weekly timeframe. I would be cautius on the daily pinbar coz it could be a retracement to 1.5800 area. Actually I am looking to buy at 1.5840
  • #11,714
  • Jul 15, 2008 5:22pm Jul 15, 2008 5:22pm
Quoting AidanPryde
I Collected some potential Pins on EUR/USD,Gold,AUD/CAD,Dax Futures!

With the close of the day especially Gold ,FDAX and AUD/CAD should be tradeable..

whats ur ideas ?


EDIT-Corrected Silver to Gold ..
Wait for the breaks
  • #11,715
  • Jul 15, 2008 5:36pm Jul 15, 2008 5:36pm
Quoting HipsterPipster
Wait for the breaks
thx
  • #11,716
  • Edited 5:52pm Jul 15, 2008 5:49pm | Edited 5:52pm
Thx for the divergence chart, a good example.
  • #11,717
  • Jul 15, 2008 6:01pm Jul 15, 2008 6:01pm
I think this is what soeasy was trying to post. The PB itself looks great all though location is a little confusing. Not quite the peak of a swing high and there is resistance at 1.58ish. Also as noted there is a weekly BUOVB that has broken and the trend is still very much bullish.

I am going for a quick 50 pips off the potential break as i am not sure if it is worth anymore.

But what do i know?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd_daily_pb.gif Size: 12 KB
Click to Enlarge Name: eur_usd_weekly_buovb.gif Size: 8 KB
  • #11,718
  • Jul 15, 2008 7:00pm Jul 15, 2008 7:00pm
Yes this is what I was trying to post... I'm looking to sell at 1.5950 area which is around 50% retracement with a s/l 5 pips above this years high... I don't know if I am in the wrong here to say where I am looking to get in but that's my plan. "Plan The Trade And Trade The Plan..."
  • #11,719
  • Jul 15, 2008 7:05pm Jul 15, 2008 7:05pm
Quoting soeasy69
Yes this is what I was trying to post... I'm looking to sell at 1.5950 area which is around 50% retracement with a s/l 5 pips above this years high... I don't know if I am in the wrong here to say where I am looking to get in but that's my plan. "Plan The Trade And Trade The Plan..."
I would be careful here people.
  • #11,720
  • Jul 15, 2008 9:08pm Jul 15, 2008 9:08pm
Anyone also seeing this divergence forming? A quick scalp off the break or even front running the trade at the confluence of 50% retracement of yesterday's move + R1 monthly pivot (5960 + 5966) with the right PA. These strategies look juicy enough for me
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd.jpg Size: 350 KB
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