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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

  • #15,541
  • Nov 20, 2008 8:36am Nov 20, 2008 8:36am
Ghous,

You are not alone......many of us hanging on to the above trade. I still believe it was a good technical trade, so it may turn round yet.
PA is where its at!!
  • #15,542
  • Nov 20, 2008 8:49am Nov 20, 2008 8:49am
Quoting bertie123
Ghous,

You are not alone......many of us hanging on to the above trade. I still believe it was a good technical trade, so it may turn round yet.
Me too but I enter on the retracement get a better price with tight SL. I still belive it will work out.
Go figure.. Simplicity work
  • #15,543
  • Nov 20, 2008 9:04am Nov 20, 2008 9:04am
Hallo to everybody!!!
I'd like to ask you if someone is using InterbankFx in live trading and how is experiencing with them.
I have been demo trading J16 price for almost 3 moths and visiting this forum almost every day.I thank you for all the things i am learning from you.

Thanks.
Benem
Patience is essential
  • #15,544
  • Nov 20, 2008 9:14am Nov 20, 2008 9:14am
Quoting benem
Hallo to everybody!!!
I'd like to ask you if someone is using InterbankFx in live trading and how is experiencing with them.
I have been demo trading J16 price for almost 3 moths and visiting this forum almost every day.I thank you for all the things i am learning from you.

Thanks.
Benem
Benem--check out the broker discussion forum. This thread should help.
  • #15,545
  • Nov 20, 2008 9:31am Nov 20, 2008 9:31am
Quoting libertao
Benem--check out the broker discussion forum. This thread should help.
Thank you.
Patience is essential
  • #15,546
  • Nov 20, 2008 9:41am Nov 20, 2008 9:41am
Quoting tokwanden
Me too but I enter on the retracement get a better price with tight SL. I still belive it will work out.

yes i am in 2 below is a chart of my entry hapPy Trading
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  • #15,547
  • Nov 20, 2008 11:55am Nov 20, 2008 11:55am
Quoting bertie123
Ghous,

You are not alone......many of us hanging on to the above trade. I still believe it was a good technical trade, so it may turn round yet.
damn I got stopped out, anyone else? Good thing I'm still demoing...before that trade I was profitable.
  • #15,548
  • Nov 20, 2008 11:59am Nov 20, 2008 11:59am
Quoting Icehocey77
damn I got stopped out, anyone else? Good thing I'm still demoing...before that trade I was profitable.
I didn't like the movement. Usually the buffer I set (12.5% length of the PA bar move below/above a PA bar) is enough to filter out bad trades.

I got in based on this, but it went down strong after this. I decided that the set-up wasn't great and set my stop loss to around the PPZ at the top of the left eye. So I was stopped out a while back.

I was going to watch for a short move to get back in, but since the trade has failed (moved above the pin bar), I will no longer look for a short until we get another PA set-up.
  • #15,549
  • Nov 20, 2008 12:01pm Nov 20, 2008 12:01pm
Nice spot for a quick short.
1,2,3 reversal In a good location to the larger tf.
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  • #15,550
  • Nov 20, 2008 12:03pm Nov 20, 2008 12:03pm
Hey Ice

I got stopped out too, as I suspect did many others. Don't worry about it too much, it resulted mainly from the swiss cutting their I/Rs after an unscheduled emergency meeting. None of us could have seen that coming in a month of sundays! Best thing you can do is learn from it (expect the unexpected), forget it and move on to the next trading opportunity. Just don't get mad for revenge or anything like that. The market merely provides information. WE make the decisions.
PA is where its at!!
  • #15,551
  • Nov 20, 2008 12:23pm Nov 20, 2008 12:23pm
It's been a busy day...

Here are few of my trades for today. They were all executed when Dow Jones matched the low from October 7, 2002. PA has always been great to me, but I hope you guys also keep an eye on over all markets. When DJ's approaching 6 year low, this is definitely a golden opportunity (sparks will fly) if you know which pairs to chose for trading... . TPs had been hit.
.
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  • #15,552
  • Nov 20, 2008 12:25pm Nov 20, 2008 12:25pm
Another similar to cad.
Mostly because of the location.
both trades are now complete for me @ 2r.
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  • #15,553
  • Nov 20, 2008 12:28pm Nov 20, 2008 12:28pm
Quoting raczekfx
It's been a busy day...

Here are few of my trades for today. They were all executed when Dow Jones matched the low from October 7, 2002. PA has always been great to me, but I hope you guys also keep an eye on over all markets. When DJ's approaching 6 year low, this is definitely a golden opportunity (sparks will fly) if you know which pairs to chose for trading... . TPs had been hit.
.

good stuff Mark.. at least the markets are moving again.
  • #15,554
  • Nov 20, 2008 12:37pm Nov 20, 2008 12:37pm
Quoting rustyjeff
good stuff Mark.. at least the markets are moving again.
and that's what wee need, volatility. I'm really looking forward to that last bar becoming a pb today. Lot's of time left.
I also made a bold move today and moved all of mine long term investments out of the money markets funds (they've been sitting there since July 2007) and put them into equities. Time will tell if that's was the right move. Is 7776 a bottom for Dow? Let's hope so, too many jobs will be lost if things won't settle soon....
Happy trading to all.

M
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  • #15,555
  • Nov 20, 2008 12:51pm Nov 20, 2008 12:51pm
for those of you that keep an eye on the guest area i just posted an excerpt from the 11-13-08 webinar. its pretty long. hope you enjoy it.
  • #15,556
  • Nov 20, 2008 1:08pm Nov 20, 2008 1:08pm
Quoting james16
for those of you that keep an eye on the guest area i just posted an excerpt from the 11-13-08 webinar. its pretty long. hope you enjoy it.
Hi james, just saw it ... I'm doing fine with PA, have been taking steps up in trading even on some little intraday trades, but it's incredible how your videos reinforces my belief in PA.

As always, thanks.
  • #15,557
  • Nov 20, 2008 1:23pm Nov 20, 2008 1:23pm
Quoting james16
for those of you that keep an eye on the guest area i just posted an excerpt from the 11-13-08 webinar. its pretty long. hope you enjoy it.
Superb. Thanks Jim.
  • #15,558
  • Nov 20, 2008 1:37pm Nov 20, 2008 1:37pm
This thread is clearly in uptrend lol :-)) Nice video !
  • #15,559
  • Nov 20, 2008 1:58pm Nov 20, 2008 1:58pm
Quoting james16
for those of you that keep an eye on the guest area i just posted an excerpt from the 11-13-08 webinar. its pretty long. hope you enjoy it.
This is how we roll.

Always learning and improving.

Great webinar as always Jim.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #15,560
  • Nov 20, 2008 2:22pm Nov 20, 2008 2:22pm
Jim,

Would just like to echo Jarroo(also a great man!) comments..............you keep us imbued with hope and optimism when we feel a little lost and all alone! Would love your critique of the failed 1day pin on the EUCHF today if you have the time,

best wishes,

berti
PA is where its at!!
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