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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

  • #16,021
  • Dec 2, 2008 12:25pm Dec 2, 2008 12:25pm
Take care everyone, I am done posting on here. I will say a few ppl have been great like Mike and James. Don't PM me as I will no respond. Not really sure why I was helping random people that 1/2 ass trading on a internet forum anyway lol


Cya
Ryan
Keep taking CT trades, I need more money
  • #16,022
  • Dec 2, 2008 12:33pm Dec 2, 2008 12:33pm
Quoting Haxor
do you think that we can actually learn patience?
Yeah. But for most traders it takes a lot of pain (losing money)... at least it did for me. I still make mistakes to this day. I just don't have all those newbie issues that you have for the first five years of trading. But I still have patience problems from time to time.

If you really want it, however, and you're willing to burn through a lot of cash to get there, then you'll most likely be successful. Most people have neither. Most are looking for the quick money that they see on those late night FOREX commercials...

It's unfortunate too. Because this is the only job I know of that offers both money and freedom. At the same time. So you would think people would give it their all and have a never say die mentality (which is what you need to be successful). Unfortunately, most don't.
Mr. Trend
  • #16,023
  • Dec 2, 2008 12:33pm Dec 2, 2008 12:33pm
Quoting Mr Trend
I skipped it. I don't like all the traffic.
Over the long haul maybe not a bad idea. Price broke 1.5825 so my buy was triggered. Was over 50 pips in profit so i moved to BE. Target is 1.6000ish which is the 23 fib. I took this trade simply cause i liked the support the pin had. I thought i had a decent probability to get to BE and see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_cad daily pin.gif Size: 12 KB
  • #16,024
  • Dec 2, 2008 12:33pm Dec 2, 2008 12:33pm
Oh man,come on... I read usually only your posts, it learn me a lot.
Anyways I'll make great bussiness with your stuff.
Thanks.



Quoting Ryanmcd
Take care everyone, I am done posting on here. I will say a few ppl have been great like Mike and James. Don't PM me as I will no respond. Not really sure why I was helping random people that 1/2 ass trading on a internet forum anyway lol


Cya
Ryan
  • #16,025
  • Dec 2, 2008 12:35pm Dec 2, 2008 12:35pm
It was a retard pin..actually not even pinbar..., you can blow your acc on this stupid CT trades so go to the #1 .. or good luck with m15 bad pins, you will need it .
no offense

Quoting boomswitch
"eurusd 15m looks like a good pin with good location"

meh, I took a small loss on that one and now we have a pin bar on the h1. Just between the two big s/r... I can only see it going down with the rate cut coming on thursday... That 1.2700 level has to break seriously it's not funny, market what are you doing to me ?

Anyway, I'm reentering baby.
  • #16,026
  • Dec 2, 2008 12:40pm Dec 2, 2008 12:40pm
ryan im not sure why your going off the deep end but thanks for your contributions. your post says to me that there is far more going on in your life than irritation in this thread. i hope the best for you.

jim






Quoting Ryanmcd
Take care everyone, I am done posting on here. I will say a few ppl have been great like Mike and James. Don't PM me as I will no respond. Not really sure why I was helping random people that 1/2 ass trading on a internet forum anyway lol


Cya
Ryan
  • #16,027
  • Dec 2, 2008 12:41pm Dec 2, 2008 12:41pm
Quoting Ryanmcd
Take care everyone, I am done posting on here. I will say a few ppl have been great like Mike and James. Don't PM me as I will no respond. Not really sure why I was helping random people that 1/2 ass trading on a internet forum anyway lol


Cya
Ryan

I would like to thank you for your posts & charts. I have learned from them. Thanks Ryan..
Jeff
  • #16,028
  • Dec 2, 2008 12:49pm Dec 2, 2008 12:49pm
yes it usually comes soon after you wake up in your office in the fetal position. its kind of like what the buddha says about enlightenment.

when you have suffered enough and can stand it no longer revelation comes.

jim


Quoting Haxor
I know exactly what you talking about when you mentioned that some traders want to be in a trade all the time. unfortunately, that's the problem with me. i've been struggling with it since i started trading about 6 months ago. i still take these crappy trades. i tell myself everyday that this is not the way to go, but it's stronger than me;( do you think that we can actually learn patience?
  • #16,029
  • Dec 2, 2008 12:51pm Dec 2, 2008 12:51pm
Ryan,

I want to thank you for all your help. I believe I have saved every chart you have posted, and I look over them in my free time. The only thing that gets me to drag my rear out of bed, and face my unbelievably boring and average life is the belief that some day I may be able to trade for a living. It is because of guys like you, and many others here, that it is possible.

Thank you and hope to see you back here at Forex Factory!
  • #16,030
  • Dec 2, 2008 12:54pm Dec 2, 2008 12:54pm
Quoting unlv_tj
The only thing that gets me to drag my rear out of bed, and face my unbelievably boring and average life ...
You're going to make me cry if you keep talking like that. You don't really want to see the Trend cry, do you?
Mr. Trend
  • #16,031
  • Dec 2, 2008 1:06pm Dec 2, 2008 1:06pm
Quoting unlv_tj
The only thing that gets me to drag my rear out of bed, and face my unbelievably boring and average life is the belief that some day I may be able to trade for a living.
I've heard that a person should have at least two major areas
of interest that they are actively involved with...outside of
their chosen field of work.
Check it out! It'll most likely help your trading as well!

Best regards!
Brent
  • #16,032
  • Dec 2, 2008 1:26pm Dec 2, 2008 1:26pm
LOL, well I mean every word I say. I don't want to see you cry Mr. Trend, but it is true. FXSurfer, it is my personality. I just cannot enjoy life until I have money. I don't know if that will be helped by trading or not, but I do enjoy trading itself. I am 30, so I know how my mind works.

With that said, I saw a good set-up to go short on the EURJPY and GBPJPY, and I passed on them. No biggie, but I noticed that once the GBPJPY broke through the 139.00 area is slammed down. I am guessing there were a lot of orders below the 139.00 area, and once it passed this thresh hold, the sell off was underway.

I don't know if this is considered part of J16 or not. If so, do you guys place orders just below (5 or 10 pips) round numbers to trade along with J16 action, expecting the break of the round numbers to spark a strong move?
  • #16,033
  • Dec 2, 2008 1:35pm Dec 2, 2008 1:35pm
Quoting unlv_tj
LOL, well I mean every word I say....
Hey unlv, glad to see you are still around. We do work with round numbers especially when we have a price action setup sitting right on top/below of a solid round number. When we place a trade for the break of a bar, many times we will place our entry stops below/above that round number. Take care, Dion
  • #16,034
  • Dec 2, 2008 1:38pm Dec 2, 2008 1:38pm
For those of you (mostly young) that think money is going to make you happy your in for a big let down if you ever get there.

If you try to base your happiness on anything outside of you its always going to be a short lived experience.

this is something we get into in the group and i have never shared it here but perhaps i will from time to time. here is a small start.

"Do you want to be happy? Uninterrupted happiness is uncaused. True happiness is uncaused. You cannot make me happy. You are not my happiness. You say to the awakened person, "Why are you happy?" and the awakened person replies, "Why not?"

Happiness is our natural state. Happiness is the natural state of little children until they have been polluted and contaminated by the stupidity of society and culture. To acquire happiness you don't have to do anything, because happiness cannot be acquired. Does anybody know why? Because we have it already. How can you acquire what you already have? Then why don't you experience it? Because you've got to drop something. You've got to drop illusions. You don't have to add anything in order to be happy; you've got to drop something. Life is easy, life is delightful. It's only hard on your illusions, your ambitions, your greed, your cravings. Do you know where these things come from? From having identified with all kinds of labels!"

Anothony De Mello
  • #16,035
  • Dec 2, 2008 1:55pm Dec 2, 2008 1:55pm
Quoting james16
For those of you (mostly young) that think money is going to make you happy your in for a big let down if you ever get there.

If you try to base your happiness on anything outside of you its always going to be a short lived experience.

this is something we get into in the group and i have never shared it here but perhaps i will from time to time. here is a small start.

"Do you want to be happy? Uninterrupted happiness is uncaused. True happiness is uncaused. You cannot make me happy. You are not my happiness. You say to the awakened person,...

I like what you read besides trading,Jim.
Some of that stuff should be read by traders.

It will only make you wanna be a better person and that positive energy will fuel everything you do.
  • #16,036
  • Edited 2:56pm Dec 2, 2008 2:27pm | Edited 2:56pm
yep ive been trying to wake up since i was a kid.

its hard, a lot harder than trading,

jim



Quoting speedarad
I like what you read besides trading,Jim.
Some of that stuff should be read by traders.

It will only make you wanna be a better person and that positive energy will fuel everything you do.
  • #16,037
  • Dec 2, 2008 2:42pm Dec 2, 2008 2:42pm
Quoting unlv_tj
... I just cannot enjoy life until I have money...
No offense intended here, but with that BELIEF you have a sure recipe for life-long frustration. I used to have that same BELIEF, and I assume it is a common trait among traders when starting out.

Take care
RM
  • #16,038
  • Dec 2, 2008 2:49pm Dec 2, 2008 2:49pm
Quoting rustyjeff
I would like to thank you for your posts & charts. I have learned from them. Thanks Ryan..
Jeff
Ryan,

I want to second the above and say thanks for your time and efforts. I am sure that you have made a difference for many people here, at least you have done so for me.

Take care
RM
  • #16,039
  • Dec 2, 2008 2:49pm Dec 2, 2008 2:49pm
Quoting james16
yep ive been trying to wake up since i was a kid.

its hards, a lot harder than trading,

jim

Trying to stay awake for about 2 yrs now.

You 're way ahead!
  • #16,040
  • Dec 2, 2008 3:00pm Dec 2, 2008 3:00pm
Quoting Haxor
I tell myself everyday that this is not the way to go, but it's stronger than me;( do you think that we can actually learn patience?
Tell yourself that it's NOT stronger then you, is a start.

Patience can be learned . . it just takes Practise . .just like anything else.

If Patience was easy is wouldn't be a virture. Fun thing is, I'm pretty impatient person outside of trading. But once I realized that waiting for the best set-up pays off big time. Why would I ever rush a trade ever again.

Don't get me wrong, my patience is always tested just not as much.
Indicators show the past. Price Action "Indicates" the future.
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