Humble Lifetime Member
- #12,201
- Aug 4, 2008 10:57am Aug 4, 2008 10:57am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Humble Lifetime Member
- #12,203
- Aug 4, 2008 4:55pm Aug 4, 2008 4:55pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Gbp/Jpy is right in the middle of a strong PPZ. Less resistence to the upside.
Price Action show me the way.
Price Action show me the way.
Indicators show the past. Price Action "Indicates" the future.
- #12,204
- Aug 4, 2008 7:39pm Aug 4, 2008 7:39pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #12,206
- Aug 4, 2008 10:48pm Aug 4, 2008 10:48pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
It is all compiled in this thread. 
Seriously, start at the beggining and read all of his stuff. Others from his James16Group website I trust and hang_on_their_every_word (am I a sycophant, or what!) are: MBQB11; Seekinglight; Clockwork71; habeeb, and others.
It is easy to learn to spot Price Action. It is much harder to wait for it to occur at a good spot to take a trade, and harder still to read PA like a book, and *know* where to get out and thus, make money.
Do some homework, and then post a few charts with commentary on what you see. The good folks I mentioned will gladly help out.
One last thing. This is not a system. It is a manner of reading the market with a surprising amount of accuracy - after some practice and dedication. You can know when to get in, and when to get out.
But it will only work if you are willing to put in some effort.
Seriously, start at the beggining and read all of his stuff. Others from his James16Group website I trust and hang_on_their_every_word (am I a sycophant, or what!) are: MBQB11; Seekinglight; Clockwork71; habeeb, and others.
It is easy to learn to spot Price Action. It is much harder to wait for it to occur at a good spot to take a trade, and harder still to read PA like a book, and *know* where to get out and thus, make money.
Do some homework, and then post a few charts with commentary on what you see. The good folks I mentioned will gladly help out.
One last thing. This is not a system. It is a manner of reading the market with a surprising amount of accuracy - after some practice and dedication. You can know when to get in, and when to get out.
But it will only work if you are willing to put in some effort.
Hi,
Can anyone tell me where can I read about the Jame's trading system (a compiled version)? I know he uses keltner channel and few other indicators. I would like to read more and understand his system.
Regard,
Kim
I'm pretty much done with all this ...
- #12,207
- Aug 5, 2008 1:51am Aug 5, 2008 1:51am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Some BEOBs that have been broken on the 4 hour but its up against the PPZ and trendline. I don't trust it.
.
Indicators show the past. Price Action "Indicates" the future.
- #12,209
- Aug 5, 2008 2:29am Aug 5, 2008 2:29am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
You should have labeled the arrowed weekly IB though
Could be you can come back in 3 months and say hey, look what that IB did!
---
Side note - isn't it funny that within the next 2 dozen posts the very thing I just addressed(tried to address..) crops up again?
I'm reminded of the Dylan movie title... "I'm not there"
Trust price. Know yourself.
- #12,210
- Aug 5, 2008 2:32am Aug 5, 2008 2:32am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Nice picture, isn't it
You should have labeled the arrowed weekly IB though
Could be you can come back in 3 months and say hey, look what that IB did!
---
Side note - isn't it funny that within the next 2 dozen posts the very thing I just addressed(tried to address..) crops up again?
I'm reminded of the Dylan movie title... "I'm not there"
Thread world. Isn't it great.
Keep up the good work my friend.
Indicators show the past. Price Action "Indicates" the future.
It is all compiled in this thread.
Seriously, start at the beggining and read all of his stuff. Others from his James16Group website I trust and hang_on_their_every_word (am I a sycophant, or what!) are: MBQB11; Seekinglight; Clockwork71; habeeb, and others.
It is easy to learn to spot Price Action. It is much harder to wait for it to occur at a good spot to take a trade, and harder still to read PA like a book, and *know* where to get out and thus, make money.
Do some homework, and then post a few charts with commentary on what you see. The good folks I mentioned will gladly help out.
One last thing. This is not a system. It is a manner of reading the market with a surprising amount of accuracy - after some practice and dedication. You can know when to get in, and when to get out.
But it will only work if you are willing to put in some effort.
Hi StoragePro,
Thank you. There are about 815 pages, I've read at least first 100 pages but still cannot understand, so if someone has compiled it, then I believe it will help me very much.
I fully agreed with you that a lot of efforts and practices are needed to make it work...
Regards,
Kim
Nice picture, isn't it
You should have labeled the arrowed weekly IB though
Could be you can come back in 3 months and say hey, look what that IB did!
---
Side note - isn't it funny that within the next 2 dozen posts the very thing I just addressed(tried to address..) crops up again?
I'm reminded of the Dylan movie title... "I'm not there"
- #12,213
- Aug 5, 2008 3:48am Aug 5, 2008 3:48am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
How cute was this PB on the Usd/Jpy hourly.
(Did I just say Price Action was "cute". I got to get out more.
)
(Did I just say Price Action was "cute". I got to get out more.
)
Indicators show the past. Price Action "Indicates" the future.
- #12,214
- Aug 5, 2008 3:59am Aug 5, 2008 3:59am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
How cute was this PB on the Usd/Jpy hourly.
(Did I just say Price Action was "cute". I got to get out more.
Only turnoff for me was that 4h just closed BEOB on IBFX
Got out of THAT short really fast
But did not reverse long, didn't want to buy more USD than I already bought elseplace
Trust price. Know yourself.
- #12,216
- Aug 5, 2008 4:09am Aug 5, 2008 4:09am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I just started catching up/reading thread and I'm already worried about you jarroo. It's okay they have group help for these sorts of problems.
I ready to go. I'm just having to much fun making pips.
Indicators show the past. Price Action "Indicates" the future.
- #12,218
- Aug 5, 2008 4:28am Aug 5, 2008 4:28am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #12,219
- Aug 5, 2008 4:45am Aug 5, 2008 4:45am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
(Did I just say Price Action was "cute". I got to get out more.
I get what you mean though Jim.
The best set-ups do tend to be 'cute' , so to speak!
I always 'hit on' the cute ones.
Bundy's status today: "Waiting..."
- #12,220
- Aug 5, 2008 4:47am Aug 5, 2008 4:47am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Possible DIBS trade on the 30min chart, but this is the wrong thread for that.
I'll wait for a retrace to 1.5520 area on this one though. If we get one! lol
Bundy's status today: "Waiting..."