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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

  • #3,021
  • Mar 22, 2007 5:54am Mar 22, 2007 5:54am
I think almost anyone trading forex can relate to you in some form. I have whiped out 4 accounts already and am dedicated to come back with vengeance. Just try to pick out the positives and learn something from the experience. Dedication and hard work will always prevail...best of luck to you and hopefully a year from now we can both look back on these days and see how far we have come!
fall down seven times, get up eight!
  • #3,022
  • Mar 22, 2007 8:16am Mar 22, 2007 8:16am
wow i feel a little lost, i have been reading through all of jame's posts and its excellent, but i not clear on all the formations. Does anyone have a pdf file or something on all these formations? i would really appreciate any help, thank you

Quoting mbqb11
here is the daily usd/jpy

we have an I4B that has formed on the 365 and is squeezed b/w the 200 also. You can play a break either way.
  • #3,023
  • Mar 22, 2007 8:25am Mar 22, 2007 8:25am
This thread is like a shop window.
You should come inside to get a closer look i.e. pf
best wishes
GOD IS NOT SHORT OF CASH
  • #3,024
  • Mar 22, 2007 10:15am Mar 22, 2007 10:15am
Quoting superdezign
wow i feel a little lost, i have been reading through all of jame's posts and its excellent, but i not clear on all the formations. Does anyone have a pdf file or something on all these formations? i would really appreciate any help, thank you
I know their are a ton of pages to read, but it would do no justice to what you will learn to read it in a pdf. Take a few weeks and go through all these pages here then go through all the pages again. I promise you won't regret it.

Best,
Mike
  • #3,025
  • Mar 22, 2007 4:39pm Mar 22, 2007 4:39pm
Depending on where this breaks..... up/down, where would you place your SL

Thanks,

Billser
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It's All About Attitude ...
  • #3,026
  • Mar 22, 2007 4:48pm Mar 22, 2007 4:48pm
Quoting billser
Depending on where this breaks..... up/down, where would you place your SL

Thanks,

Billser
Pending this closes as an IB you can straddle it(buy and sell above and below, and stops on the other side of the bar). It is just a breakout play. Now try to find some confluence, when making a decision to play it or not.

Best,
Mike
  • #3,027
  • Mar 22, 2007 4:49pm Mar 22, 2007 4:49pm
hi all
was i wrong cos of the couple of pips to go long at break of almost 2mh
thank u for answers
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  • #3,028
  • Mar 22, 2007 6:03pm Mar 22, 2007 6:03pm
taking profit

how do you guys know when to take profit? this is a question i could never get answered by anyone at james16 when i was a part of the PF. this question always got overlooked.
  • #3,029
  • Mar 22, 2007 6:13pm Mar 22, 2007 6:13pm
Quoting clam61
taking profit

how do you guys know when to take profit? this is a question i could never get answered by anyone at james16 when i was a part of the PF. this question always got overlooked.
Same place as you would enter the other way basically.
Details are as complex as any entry.
Sorry if this is not much help.
Also it's a personal thing how you scale/fade your system.
Do whatever works for you but try to often leave a little to run.
GOD IS NOT SHORT OF CASH
  • #3,030
  • Mar 22, 2007 6:20pm Mar 22, 2007 6:20pm
hey clam good to see you. to a great degree it was overlooked because i had not reached a point where i was ready to release that info. it has to do with how i define supp/res and its not commonly seen or at least not how i do it. i was waiting for a former member to ask this and without sounding like im fishing for subscribers i will just say it was always my intent to release information in a slow and steady manner so people would not be overwhelmed, me included.

question
Quoting clam61
taking profit

how do you guys know when to take profit? this is a question i could never get answered by anyone at james16 when i was a part of the PF. this question always got overlooked.
  • #3,031
  • Mar 22, 2007 6:28pm Mar 22, 2007 6:28pm
Would i be right in saying the there is a quality PIN on the NZD/USD. As it is at a swing high, its open and close are withing a 10 pips and the nose is a good 50 pips long.

There is an IB on the EUR/USD on the upside of the IB i can only really see physiological resistance and a swing high. to the down side i see it in a pivot zone for the first 30 pips and a 61.8 ret.

There is also a IB on the CAD/USD on the upside of the IB the doesn't seem to be much in the way of any areas of confulence. To the down side i have the 365EMA. Also it is smack bang in the the middle of a pivot zone.

Enjoy
Ademac
  • #3,032
  • Mar 22, 2007 6:44pm Mar 22, 2007 6:44pm
Quoting ademac
Would i be right in saying the there is a quality PIN on the NZD/USD. As it is at a swing high, its open and close are withing a 10 pips and the nose is a good 50 pips long.

There is an IB on the EUR/USD on the upside of the IB i can only really see physiological resistance and a swing high. to the down side i see it in a pivot zone for the first 30 pips and a 61.8 ret.

There is also a IB on the CAD/USD on the upside of the IB the doesn't seem to be much in the way of any areas of confulence. To the down side i have the 365EMA. Also it is smack bang in the the middle of a pivot zone.

Enjoy
Ademac
I still ahve 15 mins or so(not like much should happen) till my bars close. But these are all good observations.

Mike'

edit* lol as i post that my nzd is now breaking away from closing as a good pin
  • #3,033
  • Mar 22, 2007 6:52pm Mar 22, 2007 6:52pm
ademac, i've been eyeing that pin on nzd/usd too.
i'm also watching eur/gbp. there is a dbl (1 pip difference) on the daily and perhaps a possible trend continuation breakout.
but here is my favourite.
triangle pattern formation on gbp/cad with an inside bar today.
this pair looks like it is winding real tight and i have a feeling that a break out, if and when it happens, could be violent.
tom
p.s. thank you for all your comments and i am sorry jim, for making you feel so upset with my post. i can't tell you how much better you've made me feel. this forum really is a great place to be.
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  • #3,034
  • Mar 22, 2007 6:54pm Mar 22, 2007 6:54pm
Quoting the_wizard
ademac, i've been eyeing that pin on nzd/usd too.
i'm also watching eur/gbp. there is a dbl (1 pip difference) on the daily and perhaps a possible trend continuation breakout.
but here is my favourite.
triangle pattern formation on gbp/cad with an inside bar today.
this pair looks like it is winding real tight and i have a feeling that a break out, if and when it happens, could be violent.
tom
p.s. thank you for all your comments and i am sorry jim, for making you feel so upset with my post. i can't tell you how much better you've made me feel. this forum really is a great place to be.
I don't trade the gbp/cad but looking at your chart we had a BEOB before this IB now. So a break down could be very probable. Keep us update on this pair, I dont have it on my charts.
  • #3,035
  • Mar 23, 2007 2:57am Mar 23, 2007 2:57am
Can i just interrupt with a quick ramble for you all here on the public side?

I know some of you are already in the PF, thats great, you know where im coming from....for those of you that aren't I pose this to you: You are obviously in this business (and it is a business) so that you can have the lifestyle that you want for you and your family. The PF gives you ALL the information you need to trade like a professional, all you need to do is be willing to sit down and spend the hours reading and learning. THE PF TAKES AWAY THE GUESSWORK OF WILL THIS WORK THIS TIME/AM I GOING DOWN ANOTHER DEAD END WASTING MY TIME, it is so obvious that the stuff WORKS and all the components of a trader are covered....I know James doesn't like to hype his material, and I think this is a good thing as this ensures he gets ppl inside that are seriously commited to learning. THIS ISNT MEANT TO HYPE JAMES STUFF EVERYONE SHOULD BE ABLE TO MAKE AN EDUCATED DECISION WHETHER THEY WANT TO JOIN BUT I THINK THE LEAST US PF MEMBERS CAN DO IS TO GET BEHIND WHAT JIM IS DOING IF WE LIKE IT. AND I DO, 100%. YOU DONT COME ACROSS THIS KIND OF COMMUNITY IN LIFE, IT WAS A SHOCK TO BE HONEST. If I wasnt 100% happy i wouldnt waste my time with this post i would have just paid for a month and left...instead ill be there for my 12months-life... If you are not committed to learning and putting in the effort then the stuff wont work for you, nothing will in fact, period. But all im saying here is that if you want to take all the guesswork out of learning to trade and just get down to business learning something that has been proven by many many traders then GET ON THE TRAIN!!!

Im sorry if this was at all out of place, its just i have had an amazing week this week, where i have been overwhelmed with the support shown and how much i have learnt, everything is just clicking, the big guns are there for me 1 on 1, and its just so exciting hearing about Jims big plans for the forum....

Ive only been a PF member for 1 month but i have been reading 5+ hours a day and I can honestly say it has changed my life, just knowing the direction to take to success is the biggest thing....

ANYWAY CHEERS JAMES AND EVERYONE IN PF

EVERYONE ELSE: COME JOIN THE PARTY

Steve

p.s. James if you feel this is too over the top then ill remove it pronto
  • #3,036
  • Mar 23, 2007 6:09am Mar 23, 2007 6:09am
Dingo,

I am glad your enjoying the ride so far but trust me wait until you see just how deep this rabbit hole goes.....

Enjoy
Ademac
  • #3,037
  • Mar 23, 2007 9:54am Mar 23, 2007 9:54am
Hi, what would you guys classify this as and where would it go?
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  • #3,038
  • Mar 23, 2007 9:55am Mar 23, 2007 9:55am
Quoting Chartist
Hi, what would you guys classify this as and where would it go?
Also, where would you place your stop?
  • #3,039
  • Mar 23, 2007 10:03am Mar 23, 2007 10:03am
Quoting Chartist
Hi, what would you guys classify this as and where would it go?
This looks to be just a standard outside bar to me. Nothing special. Would not be playing this one. Are you seeing something???

Cheers

Dingo
  • #3,040
  • Mar 23, 2007 10:11am Mar 23, 2007 10:11am
If you look at the weekly chart you'll see a bearish outside bar as well, so the upside may be limited to the 62 fib line. I am long for a few pips myself.



Quoting Chartist
Also, where would you place your stop?
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