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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

  • #25,381
  • Mar 30, 2009 2:55pm Mar 30, 2009 2:55pm
Quoting G550
And like yourself, I was asleep when all this went down. I've told myself that in the past; tighten your TP when you can't follow the market. Sound advice...sometimes we need to hear it several times...and from other people, too

Thanks, Jeff.

-G5
absolutely..

I am moving along, refining, & learning all the time like you.
This stuff is really simple as James says, it just takes time to train ourselves to let it be simple, not be greedy or get scared.
With many parts of this business. Its mostly mental so it can take some time to train ourselves to follow what we know we should be doing.
how many times does it take for us to say. shit I knew I should have done that. then the next time comes & we make the same wrong decission.

It takes as long as it takes is the answer & it will be different for every trader. Its not what people just starting want to here but if they do this long enough they will discover that its true.
  • #25,382
  • Mar 30, 2009 2:58pm Mar 30, 2009 2:58pm
Quoting raczekfx
lol....
got my 50 pips from Here, so I'm flat for now. Got a take kids to piano lessons, hence I didn't want to push my luck with shorts at 2650, but if we get a 4hr pb when I'm back, I'll reevaluate.
I'd like to see one more test of 310s and 410s on cable and fiber before committing... It may never come as dj is due for a nice bounce tomorrow imho. We'll see... we don't have to trade everyday.
agreed. cable & fber

I would realy like to see a rdb on either
So cad now @ be..
  • #25,383
  • Mar 30, 2009 3:03pm Mar 30, 2009 3:03pm
How are we doing today everyone?

Price Action Rules!!
Indicators show the past. Price Action "Indicates" the future.
  • #25,384
  • Mar 30, 2009 3:05pm Mar 30, 2009 3:05pm
Quoting james16
i see a thread i started many years ago doing what i started it for... helping people.

i see a group of great friends and decent people that give of themselves.
God knows how I would be trading today if this wasn't so. I try not to think about it.
Indicators show the past. Price Action "Indicates" the future.
  • #25,385
  • Mar 30, 2009 3:08pm Mar 30, 2009 3:08pm




Quoting jarroo
I believe a quality PA setup is a high momentum setup as well.
Attached Image (click to enlarge)
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  • #25,386
  • Mar 30, 2009 3:11pm Mar 30, 2009 3:11pm
its that easy....

thanks big man..
  • #25,387
  • Mar 30, 2009 3:15pm Mar 30, 2009 3:15pm
Quoting james16
starting about 3 weeks ago i try to stop in every day and skim every post since my last post.
Great to see you posting a lot recently Jim.

cheers man

FXP
  • #25,388
  • Mar 30, 2009 3:16pm Mar 30, 2009 3:16pm
Quoting james16

Great chart as always Jim
Indicators show the past. Price Action "Indicates" the future.
  • #25,389
  • Mar 30, 2009 3:17pm Mar 30, 2009 3:17pm
Thanks to you James, you revolutionized my trading style.

I always post a great trade where i see one. Heck, the more people i help, the more will trade like me and the more trading in the same direction!

I'm out for the day guys. 263 pips across various lot sizes.

i will be back soon, hopefully
100% of traders are losers. Just that some win more than they lose!
  • #25,390
  • Mar 30, 2009 3:24pm Mar 30, 2009 3:24pm
I just wanted to say thanks to Jim for this post and to everyone else for contributing. I am a recovering indicator junky. I am guilty of having several indicators on my charts. Literally living and dying by those indicators.

I am one of the lucky few though who after a year of live trading using only indicators. I am still here and haven't blown my account. I have managed to stay one step ahead of the market but with some serious frustation with my trades. The typical one step ahead and two steps back approach. To be honest I am not sure how I haven't blown my account. I think one of the reason I had stayed around this long is because even though I was an indicator junkie I demo traded for almost 2 years before putting a dime of my own money in the market. So this may have saved me from making many more bad decisions.

Three months ago I came across this thread and my eyes have been opened. I feel like I am now finally going to be taking two steps forward with my trades and hopefully no steps back. Thanks to Jim and everyone on this thread I am finally trading with just the PA, PPZ, S&R levels and absolutley nothing else. I dont even look at my old charts anymore.

Thanks to the enlightenment I have received here I managed to scrape up +800 pips for the month of March, SOLELY trading they way Jim and others here have described. I truely finally feel at ease when I trade and I am trading with confidence.

Jim I know you have alot of people on here from around the world that follow your methods, but I want you to know that I remember that early on in this thread you said your wife's family was from southeast Kansas. Well so am I. Your generosity has helped not only people worldwide ,but someone a little closer to home. THANKS!
  • #25,391
  • Mar 30, 2009 3:29pm Mar 30, 2009 3:29pm
Quoting albchr
Mine appears OK. Perhaps try right clicking on the chart and pick refresh? Just a thought.
worked, thx.
  • #25,392
  • Mar 30, 2009 3:29pm Mar 30, 2009 3:29pm
wow pip this is great.

now that post 1 is under your belt i hope you will get involved on a regular basis.

where in southeast kansas?

jim

Quoting pipslapped
I just wanted to say thanks to Jim for this post and to everyone else for contributing. I am a recovering indicator junky. I am guilty of having several indicators on my charts. Literally living and dying by those indicators.

I am one of the lucky few though who after a year of live trading using only indicators. I am still here and haven't blown my account. I have managed to stay one step ahead of the market but with some serious frustation with my trades. The typical one step ahead and two steps back approach. To be honest I am not sure how...
  • #25,393
  • Mar 30, 2009 3:30pm Mar 30, 2009 3:30pm
Quoting pipslapped
I just wanted to say thanks to Jim for this post and to everyone else for contributing. I am a recovering indicator junky. I am guilty of having several indicators on my charts. Literally living and dying by those indicators.

I am one of the lucky few though who after a year of live trading using only indicators. I am still here and haven't blown my account. I have managed to stay one step ahead of the market but with some serious frustation with my trades. The typical one step ahead and two steps back approach. To be honest I am not sure how...
Welcome to the thread (posting in it-wise that is ),

Looking forward to your posts in the future.

Regards
Jig
  • #25,394
  • Mar 30, 2009 3:37pm Mar 30, 2009 3:37pm
Quoting james16
wow pip this is great.

now that post 1 is under your belt i hope you will get involved on a regular basis.

where in southeast kansas?

jim
Pittsburg
  • #25,395
  • Mar 30, 2009 3:47pm Mar 30, 2009 3:47pm
exactly due east and about 45 minutes from where i have spent a lot of great times.

those days on a regular basis are over sadly.

i hope i live as long and good a life as they did. (wifes grandparents)


Quoting pipslapped
Pittsburg
  • #25,396
  • Mar 30, 2009 3:53pm Mar 30, 2009 3:53pm
Hi all,

I just want to add my voice to those thanking James for this thread as I am yet another sucker who thought the 'easy' money was to be made on the short TFs. This thread has saved my account and now (thanks to the EJ pin) I am ahead for the 1st time. What a feeling to open my trade this morning to find I was over 200 pips up! My trailing stop was eventually taken out by the retrace but I cleared over 200 pips. Thank you from the bottom of my heart.

Thanks to this thread, I can even see why the downward move stopped around the 12600 mark and why the retrace has run out of steam at around 12835. Would I be right in thinking the daily is showing a huge BEOB and that this indicates further downward potential or am I missing something?
  • #25,397
  • Mar 30, 2009 3:54pm Mar 30, 2009 3:54pm
Quoting rustyjeff
absolutely..

I am moving along, refining, & learning all the time like you.
This stuff is really simple as James says, it just takes time to train ourselves to let it be simple, not be greedy or get scared.
With many parts of this business....
Yeah, I agree. Little tweaks here and there and suddenly it becomes more "natural".

J16 really is the easiest and best way to trade. Even if I get stopped out right now, I still made a few %. Who can really complain about that?

Thanks for the back and forth, Jeff. It's great to interact with everyone on here.

-G5
  • #25,398
  • Mar 30, 2009 4:02pm Mar 30, 2009 4:02pm
Quoting dkmb92
worked, thx.
Happy it worked for you. I’m glad I could contribute a “little” something in here. Being this is my first day in this thread, I’d like to extend my sincerest thanks to some people.

First (obviously) JIM for starting this gold mine of freely shared information.

Second, ak4x (sorry I don’t know your name) who, after seeing “my little story” in the EUR thread, sent me a PM telling me of this thread.

Third, Jduester (Josh) for this post… http://www.forexfactory.com/showpost.php?p=2585699&postcount=23250 …which obviously took some serious work and time to put together so newbie’s like myself could locate very important information more quickly and easily. A MASSIVE time saver!!

And lastly, ALL those who posted everything that’s contained in Josh’s post.

I started at post #1 and I’m working my way through like a sun baked sponge who just fell in a lake! THANK YOU ALL!!!!
Ghost Rider - WWTBMD?
  • #25,399
  • Mar 30, 2009 4:03pm Mar 30, 2009 4:03pm
i dont see a beob. just a beb. on ej.

ucad weekly shows a beob @ the down arrow.
its a bar that encompasses the previous bar. @ a swing high is best...
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  • #25,400
  • Mar 30, 2009 4:14pm Mar 30, 2009 4:14pm
Welcome To Any And All That Are New To This Thread.
30 traders viewing now