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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

  • #15,401
  • Nov 17, 2008 2:44pm Nov 17, 2008 2:44pm
Quoting Rainmaker
nice TC trade on EURUSD earlier today, nice bullish bar and rsi 50% bounce. RR=1.
PS: thanks ryan!

On ya Rm,
I took that one as well. There was one earlier too after the initial breakout of 1.2675 area then pull back with 2 pins touching off 1.2661.
Rinse, repeat.
  • #15,402
  • Nov 17, 2008 2:45pm Nov 17, 2008 2:45pm
Quoting raczekfx
5% on 1min, and just today, you say...
That's like 100% per month and without taking asymmetrical leverage into account....

I'm just kind'a wonder, what 100% of nothing equals to...
What are we wasting our time doing mark

lol, 5% a day everyday. Yeah sign me up. You can trade my money and everyones I know .

Those that are new to trading please don't get sucked into this mentality. NO ONE is making 5% a day consistently. Period.

Take trading smart and slow as James outlines. If you want to survive. Don't get sidetracked with the unrealistic, it will only hinder your progress.

Mike
  • #15,403
  • Nov 17, 2008 2:46pm Nov 17, 2008 2:46pm
Quoting scratchy
I'm selling nothing! Look at my charts, then look at yours, see them match the patterns then demo trade it until you're profitable 90% of the time, then go live, easy! Only thing you will have to give up is screen time.
Well go start your own thread, dont clutter this one
  • #15,404
  • Nov 17, 2008 2:47pm Nov 17, 2008 2:47pm
Quoting scratchy
So you don't even make 5% per day? What are you doing all day then?
Watching clouds go by...
I'm very happy with just 0.3%
  • #15,405
  • Nov 17, 2008 2:51pm Nov 17, 2008 2:51pm
Quoting raczekfx
Watching clouds go by...
I'm very happy with just 0.3%
Your not trading from your glider are you Mark??
  • #15,406
  • Nov 17, 2008 2:54pm Nov 17, 2008 2:54pm
Quoting rustyjeff
Your not trading from your glider are you Mark??
no wifi up there, Jeff..
  • #15,407
  • Nov 17, 2008 2:58pm Nov 17, 2008 2:58pm
Quoting raczekfx
no wifi up there, Jeff..
You have it on mobile dont you.
I can just see the next photo of Mark on his blackbury typing away with clouds slipping quietly by...
  • #15,408
  • Nov 17, 2008 3:01pm Nov 17, 2008 3:01pm
Quoting rustyjeff
You have it on mobile dont you.
I can just see the next photo of Mark on his blackbury typing away with clouds slipping quietly by...
I have an old 8700, but can't type with one hand while holding a stick in another ...lol


This cross will break out higher imho, but until that happens, we're stuck in a range. Look for PA for hints.
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  • #15,409
  • Edited Nov 18, 2008 5:23am Nov 17, 2008 3:03pm | Edited Nov 18, 2008 5:23am
Unless I get asked by the thread creator, I will not post again.
  • #15,410
  • Nov 17, 2008 3:05pm Nov 17, 2008 3:05pm
Quoting scratchy
Unless I get asked by the thread creator, I will not post again.
hooray! three cheers for scratchy
  • #15,411
  • Nov 17, 2008 3:07pm Nov 17, 2008 3:07pm
Quoting raczekfx
I have an old 8700, but can't type with one hand while holding a stick in another ...lol


This cross will break out higher imho, but until that happens, we're stuck in a range. Look for PA for hints.
.

i will short it if it reaches to the blue box
  • #15,412
  • Nov 17, 2008 3:08pm Nov 17, 2008 3:08pm
ahhh

b4 u guyz start to wonder where is the blue box
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  • #15,413
  • Nov 17, 2008 3:11pm Nov 17, 2008 3:11pm
Quoting scratchy
I have trades everyday, I'm in and out with good profits with very minimal risk, I trade 5% per trade as I'm 90% sure I will come out with a profit.
Hm, if one is 90% sure, why not go with 20%?..

(I guess the answer is: "90% sure" means "high-probability", but not "100% guarantee"... )
One Chart is Worth Ten Thousand Words.
  • #15,414
  • Nov 17, 2008 3:18pm Nov 17, 2008 3:18pm
I believe you, nothing is impossible.

Quoting scratchy
Really? No one makes 5% per day? So are you also calling Ryan a liar too? I think you need to learn how to trade and maybe manage your risk a bit more, then you may acheive better results!

PS
Considering I was just starting and was showing you all here how to trade and achieve 5% each day, you're not to friendly arounf=d here are you, kinda reminds me of a Red Neck town who's never seen a car before!
  • #15,415
  • Nov 17, 2008 3:22pm Nov 17, 2008 3:22pm
We've seen em before, they tend to stay around for a long time.

Then they leave, probably because they made millions, and then multimillions.

  • #15,416
  • Nov 17, 2008 3:23pm Nov 17, 2008 3:23pm
Quoting scratchy
This is not that different from what James16 teaches, but by trading off the 1 minute chart gets you the 5% today!
Funny, I never saw any Jim's charts with patterns similar to yours, Scratchy. Not that there is anything wrong with H&S... Also, J16 is alergic to "M" in timeframes...
One Chart is Worth Ten Thousand Words.
  • #15,417
  • Nov 17, 2008 3:26pm Nov 17, 2008 3:26pm
Quoting Jankone
I believe you, nothing is impossible.

Sorry I can't not post when claims like this are made. Especially without the facts

Here we go.

50,000 starting account(which is peanuts in this market)
5% a day

After 35 trading days your account would be roughly $275,000.
So when do you hit your first million. Oh just over roughly 60 trading days. LOL.
95 days = 5 mil

Now for those that are new to trading, let me state again, no one is making 5% a day consistently with any sort of substantial money and/or substantial drawbacks.

Be smart out there guys/gals. It will pay in the end. Yes this will happen gain and again, thread will sidetrack briefly and maintain its course. Why do I even respond. Because I know some new traders skip many posts and see these and then get green as green can be, and blow their accounts. Why would I want anyone new to blow their accounts out. I flat out don't want anyone too. This is my only reason for posting this.

Best
Mike

PS I am not saying you can't have great trading days/weeks/years even being conservative. We are talking 5% a day consistently. Just not happening on any real trading level. Well maybe, but you will be on the forbes list very quick


PPS if this saves one new green in the eyes trader from blowing an account that would make me feel like a million bucks
  • #15,418
  • Nov 17, 2008 3:29pm Nov 17, 2008 3:29pm
Quoting scratchy
I'm selling nothing! Look at my charts, then look at yours, see them match the patterns then demo trade it until you're profitable 90% of the time, then go live, easy! Only thing you will have to give up is screen time.
Scratchy, Google "Goldman Sachs", ask to speak to the head of their FX operations, your will be a MEGAstar with 5% per day (hm, maybe even a GOOGOLstar ). In 13 weeks you will be on the cover of Forbes (please send me a complimentary copy for this advice ). Like taking candy from a baby!

P.S. 13 weeks - the first 2-digit Fibo number. Easy!
One Chart is Worth Ten Thousand Words.
  • #15,419
  • Nov 17, 2008 3:31pm Nov 17, 2008 3:31pm
Quoting mbqb11
Sorry I can't not post when claims like this are made. Especially without the facts

Here we go.

50,000 starting account(which is peanuts in this market)
5% a day

After 35 trading days your account would be roughly $275,000.
So when do you hit your first million. Oh just over roughly 60 trading days. LOL.

Now for those that are new to trading, let me state again, no one is making 5% a day consistently with any sort of substantial money and/or substantial drawbacks.

Be smart out there guys/gals. It will pay in the end. Yes this will happen...
Thanks Mike!
Humble Lifetime Member
  • #15,420
  • Nov 17, 2008 3:34pm Nov 17, 2008 3:34pm
Quoting scratchy
you're not to friendly around here are you, kinda reminds me of a Red Neck town who's never seen a car before!
We are, we are friendly! I even would like to wire $100 dollars to you, so that you can wire me $1m back by Xmas

Oh, before I do that, could you please let me have "investor login" details for your live account - if that's not too much trouble...
One Chart is Worth Ten Thousand Words.
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