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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

  • #15,441
  • Nov 18, 2008 7:11am Nov 18, 2008 7:11am
lol

We're a tough bunch to get along with eh?
Bundy's status today: "Waiting..."
  • #15,442
  • Nov 18, 2008 7:26am Nov 18, 2008 7:26am
Quoting bundyraider
lol

We're a tough bunch to get along with eh?
you know that's not true
I believe . . .
  • #15,443
  • Nov 18, 2008 7:36am Nov 18, 2008 7:36am
Quoting jarroo
Say Hi to "itchy" for me scratchy.
Whats all this scratchy stuff? He has couple of charts that I can only find 1 thing thing in common, he play the trendline breakout. Does he have any other special sort setups the can make $1M?

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #15,444
  • Nov 18, 2008 7:51am Nov 18, 2008 7:51am
Quoting scratchy
To the attackers:
it doesn't take long to get to a million as one of you pointed out.
“It's easy to quit smoking. I've done it hundreds of times.” Mark Twain

P.S. "If it moves......Trade it!" (Scratchy's motto) - I thought the proper version was "If it moves, screw it!" (and talking about price it always moves..." )
One Chart is Worth Ten Thousand Words.
  • #15,445
  • Nov 18, 2008 7:55am Nov 18, 2008 7:55am
I don't want to sidetrack this thread to M5, but compare this trader's analysis AND humble style (http://www.forexfactory.com/showpost...postcount=1344) to "easy kill" bragging charts by Scratchy. If that guy posted here (he occassionally makes 5% too, and uses PA a lot), I don't think he would piss off so many people so quickly...
One Chart is Worth Ten Thousand Words.
  • #15,446
  • Nov 18, 2008 7:58am Nov 18, 2008 7:58am
Quoting jarroo
Eur/Chf 8 hour Pin Bar.

I'm starting to use the 8 hour charts more because they are not to high and not to low. But the best time frame is the Daily, because the Daily RULES.
Jaroo, do you have to refresh charts when using Period Converter or they are updated automatically? Thank you.
One Chart is Worth Ten Thousand Words.
  • #15,447
  • Nov 18, 2008 8:01am Nov 18, 2008 8:01am
Quoting Forex007
Jaroo, do you have to refresh charts when using Period Converter or they are updated automatically? Thank you.
The refresh won't do it. You have to close the platform and reopen.
Indicators show the past. Price Action "Indicates" the future.
  • #15,448
  • Nov 18, 2008 8:06am Nov 18, 2008 8:06am
Quoting Betard
I'm in same trade off of 4 hour inside bar break.

edit: Stopped out.
Where was your stop loss Betard?
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #15,449
  • Nov 18, 2008 8:19am Nov 18, 2008 8:19am
Quoting jarroo
Where was your stop loss Betard?
I took the inside bar after the one you marked. Stop loss is the blue line (1.2629). I like the IB's that are in the top/bottom 1/3 of a bar or so because they are usually trend continuation patterns on smaller timeframes (triangle, flag, horizontal channels), and when they break there's little resistance. I was wrong this time though!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4hr ib.gif Size: 15 KB
  • #15,450
  • Nov 18, 2008 8:36am Nov 18, 2008 8:36am
Quoting Betard
I took the inside bar after the one you marked. Stop loss is the blue line (1.2629). I like the IB's that are in the top/bottom 1/3 of a bar or so because they are usually trend continuation patterns on smaller timeframes (triangle, flag, horizontal channels), and when they break there's little resistance. I was wrong this time though!


I see. I like that it is below a PPZ level. It's a tough trade, a lot of traffic.

I would put more emphasis on the S/R levels then trendlines, flags, etc. I'm not saying that they are not important, they are. I feel that the S/R levels and PPZs carry more weght in your confluence alignments.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #15,451
  • Nov 18, 2008 8:57am Nov 18, 2008 8:57am
I wish I could be watching clouds go by myself. Use to do it when I lived in Argentina 10 years ago. Have not been able to find a glider assoc close by.
Please pull my head out of my ass, I am running out of oxygen...
  • #15,452
  • Nov 18, 2008 9:03am Nov 18, 2008 9:03am
Quoting PiPtHiEf
I wish I could be watching clouds go by myself. Use to do it when I lived in Argentina 10 years ago. Have not been able to find a glider assoc close by.
You'll have to talk with raczekfx. He may know of some.

Or maybe this was meant for him, sorry.
Indicators show the past. Price Action "Indicates" the future.
  • #15,453
  • Nov 18, 2008 9:07am Nov 18, 2008 9:07am
No need to be sorry. Finally I got a post answered (respectfully). You guys rock. First time I see a thread live this long at FF. Hope to join the PF soon. I am just waiting on a bank account I opened to put the money I am going to use for that purpose. See you all in there.
Please pull my head out of my ass, I am running out of oxygen...
  • #15,454
  • Nov 18, 2008 9:23am Nov 18, 2008 9:23am
Quoting scratchy
Ryan

After going over these posts and my posts yesterday I have decided that these types on this thread do not deserve my time.

Quite frankly I don't know you bother either, they are fixed on this slower time frame and risking 0.3% per trade, what's that all about?

The average trader opens an account with 10k, it will take them forever to amass a decent amount, and just because they are not capable of achieving 5% per day, they rubbish anyone who claims they do it regularly, actually I have made over 5% in a day before, many times in fact,...

Best of luck to you, why I wanted to see a screen shot of your Oanda is because It shows where you got in and got out of trades. To me the making money is easy once you learn how to trade.
Keep taking CT trades, I need more money
  • #15,455
  • Nov 18, 2008 9:25am Nov 18, 2008 9:25am
Quoting PiPtHiEf
No need to be sorry. Finally I got a post answered (respectfully). You guys rock. First time I see a thread live this long at FF. Hope to join the PF soon. I am just waiting on a bank account I opened to put the money I am going to use for that purpose. See you all in there.
I just recently over the last few months re-joined the James16 website. I say rejoined because back in 2006 I joined the PF for a few months and it was great. The knowledge and support there was incredible.

The James16 Group website now has grown and developed into something pretty special. The knowledge and information has grown 10 fold. The webinars and videos alone are outstanding. It will defintely speed up the learning curve of trading Price Action. I highly recommend it, if only for a month or two.



Jim
Indicators show the past. Price Action "Indicates" the future.
  • #15,456
  • Nov 18, 2008 9:34am Nov 18, 2008 9:34am
Hopefully I will be able to join and stay the full 12 months. Money is tight right now. I had funded a live account and fortunately I realized I needed more practice before I lost any money. I made a few dollar, lost a few dollar, but my initial capital is still there. Better invested in joining the PF for now. I already have plans on how to come up with more capital for when I decide is time to go live again. What happens when you re-join? do past paid months count?
Please pull my head out of my ass, I am running out of oxygen...
  • #15,457
  • Edited 10:02am Nov 18, 2008 9:47am | Edited 10:02am
Quoting PiPtHiEf
Hopefully I will be able to join and stay the full 12 months. Money is tight right now. I had funded a live account and fortunately I realized I needed more practice before I lost any money. I made a few dollar, lost a few dollar, but my initial capital is still there. Better invested in joining the PF for now. I already have plans on how to come up with more capital for when I decide is time to go live again. What happens when you re-join? do past paid months count?
Just start out small. Remember that its "PIP Amounts" not "Dollar Amounts" that matter. Meaning if you have a small account and make 75 dollars it may seem like a small amount of money and it is.

But if that money was made from 75 pips . . now that's impressive. Making constistent positive pips is where it's at because you can always add zeros to the dollar amount.

Yes, I believe past paid months count.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #15,458
  • Nov 18, 2008 9:54am Nov 18, 2008 9:54am
yup PF sounds the way to go - will be there soon - now upto page 275.

unfortunately had my contract terminated at work yesterday, have a month's notice but will be hard to find something in this market this side of xmas. Still i guess that will give me the time to get through the thread

Not exactly in a position to day trade full time due to lack of experience but i will have to give it a go i guess. I am sure it won't be long before i am matching Scratchy's 5% on the 5min tf
(just kidding - since you guys have weened me off the shorter tf i am starting to build my account - and no offence Scratchy I am sure you meant well, or at least i hope you did, but as a beginner i like many others just aren't ready for the lower tf. It's not incompetence, just lack of experience)

So please keep posting those setups, and hopefully i will be able to keep myself in beer - oh and anyone with any tips on approaches to doing this full-time would be appreciated.

cheers

Simon
  • #15,459
  • Nov 18, 2008 10:21am Nov 18, 2008 10:21am
There is no 'A'trade or somewhat 'A'trades recently

just spotted this I4B setup on GU 4H with no other confluence supporting(also not an 'A'trade), so will wait for a better setup.

Good luck trading guys, Good night

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #15,460
  • Nov 18, 2008 10:27am Nov 18, 2008 10:27am
Quoting Almfx
There is no 'A'trade or somewhat 'A'trades recently

just spotted this I4B setup on GU 4H with no other confluence supporting(also not an 'A'trade), so will wait for a better setup.

Good luck trading guys, Good night

ALM

There is a lot of consoladating going on all over right now.
Dont force any trades, go get a coffee, relax, & let them come to you.
They WILL come.
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