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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

  • #23,041
  • Mar 4, 2009 8:14pm Mar 4, 2009 8:14pm
Quoting raczekfx
you're good.
i opened speculative account with them, in last week of Jan for the same purpose, but unfortunately kept one trade over the weekend (went wrong), so when the contest started on Feb. 1st, I was below required minimum. At the end of Feb, I ended up with 296%, but yours 4000.........
All thanks to traders such as yourself, seriously, wow. I've learned more practical information in the last 2 months here, then I have the entire 2 years before that. I did gamble a lot on that account, and I don't think I'm an expert by any means, but I do feel like I am already a profitable trader, even if it is slight. Hopefully I can keep it going, 5 percent a month would be absolutely amazing. Anyway, can never pass up an opportunity to thank everyone here And james16 too, ty so much, I will be getting into the PF once I have some spare $
  • #23,042
  • Mar 4, 2009 8:20pm Mar 4, 2009 8:20pm
Dwildes,
Thank you for the advice. You have a good understanding of where I am right now. It's almost like I want it too much, I need to take a step back.
"Whether you think you can or can't, you're right." Henry Ford
  • #23,043
  • Mar 4, 2009 8:38pm Mar 4, 2009 8:38pm
Quoting Jlr
... Anyway, can never pass up an opportunity to thank everyone here And james16 too, ty so much, I will be getting into the PF once I have some spare $
When you do.. don't be too hard on yourself for not doing it sooner...



Happy to hear you are on the Upswing of your Acct...
  • #23,044
  • Mar 4, 2009 8:42pm Mar 4, 2009 8:42pm
I don't like that BEOB on the UCHF because its too choppy right now. If you look back, there was another BEOB not too long ago on the daily and it has gone nowhere. So I will pass on this one, which means it will probably drop through the floor of course....
  • #23,045
  • Mar 4, 2009 8:48pm Mar 4, 2009 8:48pm
Mike
Hello why do you like the BUOB on this pair given large Resistance just above.

Thanks Gerard
  • #23,046
  • Mar 4, 2009 8:50pm Mar 4, 2009 8:50pm
Quoting Scot Pippin'
... It's almost like I want it too much, I need to take a step back.
Hey Scot, You may want to think about it this way, & hold the idea for the rest of your Trading Career.

The Problem may be that you have set yourself a Target & therefore You feel you have to Beat that Target to prove to Yourself that you are capable.

This will only aquire Heart issues. Even if you do beat the Target.

Becoming a succesfull Trader only requires 2 things.

1) I understand that I will be wrong. possibly even 1/2 the time.

2) I will manage my mistakes to prevent them from forcing me out of The Game.

Step back; go fishing; call a buddy up & go party; paint the bathroom or whatever but; Change Your Mind.

  • #23,047
  • Mar 4, 2009 9:02pm Mar 4, 2009 9:02pm
Quoting Jlr
I've learned more practical information in the last 2 months here, then I have the entire 2 years before that. ..
I'm sure James will be happy,..... I'm.
It's always nice to see people making progress and prosper....
  • #23,048
  • Mar 4, 2009 9:04pm Mar 4, 2009 9:04pm
Quoting Gerard212
Mike
Hello why do you like the BUOB on this pair given large Resistance just above.

Thanks Gerard
Hey Gerard,

Big round number of .5000, which is a large PPZ
Lots of divergence
Swing low
Bar size larger then previous bars
Close above .5000
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  • #23,049
  • Mar 4, 2009 9:05pm Mar 4, 2009 9:05pm
I saw this one earlier but passed..
Nice confluence though; daily ppz and 61fib.
.
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  • #23,050
  • Mar 4, 2009 10:13pm Mar 4, 2009 10:13pm

Quoting raczekfx
I'm sure James will be happy,..... I'm.
It's always nice to see people making progress and prosper....
  • #23,051
  • Mar 4, 2009 10:26pm Mar 4, 2009 10:26pm
Quoting artov
I traded that one too, had my TP @ 1.30 but it hit 1.2990, 10 pips too short and it stopped at low of weekly pb. So I was very unlucky with that one.
Never turn a winner into a loser. A classic Jim drum beat. Easy to say, tough to do. At least for me it was. Now it seems if I'm up 10 pips on a trade, I find myself moving my stop loss to breakeven. "Hoping" for a trade to get back-in-the-money has left many scars.
Indicators show the past. Price Action "Indicates" the future.
  • #23,052
  • Mar 4, 2009 11:12pm Mar 4, 2009 11:12pm
Quoting jarroo
Never turn a winner into a loser. A classic Jim drum beat. Easy to say, tough to do. At least for me it was. Now it seems if I'm up 10 pips on a trade, I find myself moving my stop loss to breakeven. "Hoping" for a trade to get back-in-the-money has left many scars.
LOL. Yeah.....

"A little bit more, a little bit more!! Come on baby!!!! You can do it!!!"

"Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer."

" DAMN!!!!..... Hit my stop loss!! If only I'd taken profit at the first barrier I'd be up."

"Where's the next trade?? ..This chart??... Nup... ...How about this one? ....Nup.... This pair?? ...hmmm.... there's an outside bar. That'll do.... "

"hmmmm..... If I go extra tight on the stop and go double or nothing I can make up for the last one and then some.... ..Account will be up heaps still anyway. "

"Shit!!!! ....What happened? Straight into a loser. ..AND now it's reversing to my original direction!!!!....Cheatin' broker HUNTED MY STOP!!!! "

.....Repeat , Repeat, Repeat..... Progressively making worse calls. Call it a day ....Go to bed P___d off.

Goes on week after week. ....You don't get out of the bad habits until you've broken account after account or get hit by a truck. All because you are managing your trades the stressful way.

OR

While your starting out, just take quick profits on half your position and set break even at first stall point. Or a point of confluence that's chosen through experience (...demo) . (...After choosing the best trades of course.) Things are so much more relaxed and the psychological impact on your decisions is more condusive to being successful. (MUCH easier, too, doing this on the daily and weekly charts)

When you get really good at choosing set ups you can manage the best trades a little different, but while learning the ropes you will make money doing it the second way above.
Bundy's status today: "Waiting..."
  • #23,053
  • Mar 4, 2009 11:15pm Mar 4, 2009 11:15pm
no doubt about it. bundy has been around the block a few times.

Quoting bundyraider
LOL. Yeah. ..."A little bit more, a little bit more!! Come on baby!!!! You can do it!!!"

"Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer."

" DAMN!!!!..... Hit my stop loss!! If only I'd taken profit at the first barrier I'd be up."

"Where's the next trade?? ..This chart??... Nup... ...How about this one? ....Nup.... This pair?? ...hmmm.... there's an outside bar. That'll do.... "

"hmmmm..... If I go extra tight on the stop and go double or nothing I can make up...
  • #23,054
  • Mar 4, 2009 11:19pm Mar 4, 2009 11:19pm
Quoting bundyraider
LOL. Yeah.....

"A little bit more, a little bit more!! Come on baby!!!! You can do it!!!"

"Ooooo.... Now it's gone negative. ....Can't book a loss.... I'll give it a little longer."

" DAMN!!!!..... Hit my stop loss!! If only I'd taken profit at the first barrier I'd be up."

"Where's the next trade?? ..This chart??... Nup... ...How about this one? ....Nup.... This pair?? ...hmmm.... there's an outside bar. That'll do.... "

"hmmmm..... If I go extra tight on the stop and go double or nothing I can make...

How did you get my exact wording. lolol

Also, it wasn't "Damn, it hit my stop loss" it was "I'll remove my stop loss" Ouch!
Indicators show the past. Price Action "Indicates" the future.
  • #23,055
  • Mar 4, 2009 11:32pm Mar 4, 2009 11:32pm
Quoting mbqb11
Hey Gerard,

Big round number of .5000, which is a large PPZ
Lots of divergence
Swing low
Bar size larger then previous bars
Close above .5000
I was looking at this one earlier, and to me it looks like there is a minor ppz on the daily around .5130. This level is around 45 pips above my buy stop so I'm considering taking partial profit at .5130, setting my stop to BE and then targeting .5200 for the final lots. Does this look good?
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  • #23,056
  • Mar 4, 2009 11:36pm Mar 4, 2009 11:36pm
Quoting scott087
I was looking at this one earlier, and to me it looks like there is a minor ppz on the daily around .5130. This level is around 45 pips above my buy stop so I'm considering taking partial profit at .5130, setting my stop to BE and then targeting .5200 for the final lots. Does this look good?
yep that zone is going to be the first problem area if we break the high of the BUOB.

Just always remember these are zones.

Best
Mike
  • #23,057
  • Mar 4, 2009 11:48pm Mar 4, 2009 11:48pm
Quoting mbqb11
yep that zone is going to be the first problem area if we break the high of the BUOB.

Just always remember these are zones.

Best
Mike
Hi bro
I'm new in james16 and I found it very valuable then I got to the group and found some video that you and james made, those are SOOOO amazing, Ive learnt alot from them, those are most greatest video that Ive ever watched.
I read at the begining of the thread that james decided to makes some DVD or video or something like this, I just want to make sure if you and james made it how can I reach/buy them.
I'd really appreciate your help

Facti
You can't have everything... where would you put it?
  • #23,058
  • Mar 4, 2009 11:52pm Mar 4, 2009 11:52pm
heres something to watch,dblhc on the gb/us daily tf
of course theres those interest rates,could always suprise us.
comments on this setup welcome.
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PATIENCE... DISCIPLINE
  • #23,059
  • Mar 4, 2009 11:53pm Mar 4, 2009 11:53pm
Quoting Facti
Hi bro
I'm new in james16 and I found it very valuable then I got to the group and found some video that you and james made, those are SOOOO amazing, Ive learnt alot from them, those are most greatest video that Ive ever watched.
I read at the begining of the thread that james decided to makes some DVD or video or something like this, I just want to make sure if you and james made it how can I reach/buy them.
I'd really appreciate your help

Facti
Hey Facti

Thanks for the nice words, really glad you are enjoying them. The only ones are the ones that are available within the group and scattered around the forum.

No DVD set from james that i know of , although maybe he will do one on snake breeding

Best
Mike
  • #23,060
  • Mar 5, 2009 12:05am Mar 5, 2009 12:05am
Quoting mbqb11
Hey Facti

Thanks for the nice words, really glad you are enjoying them. The only ones are the ones that are available within the group and scattered around the forum.

No DVD set from james that i know of , although maybe he will do one on snake breeding

Best
Mike
thanks for reply dude
for FX sakes do something! record some video if you have time! just kidding
but seriously you wouldnt believe me how much I gained from those video. Great job man, Great job.
so that's the all video that you put on the site, yeah? I thought there would be some more if I joined!

Facti
You can't have everything... where would you put it?
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