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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

  • #25,581
  • Mar 31, 2009 2:28pm Mar 31, 2009 2:28pm
gee whiz.

ive made it to cuba.

i honestly shake my head in disbelief at times over this threads adventures.

jim

Quoting moneybags
Good stuff Bertie.
I think going through this material more than once is key. Sometimes it takes a while to sink in.

It reminds me of my recent vacation. Before I left I felt like I needed some quality reading to rejuvinate me, so I printed out all kinds of J16 material. Old stuff, new stuff, whatever. (and when I say old I mean stuff from like page 1)
So there I was on the beach in Cuba enjoying the sunshine, warmth, beautiful ocean while looking at pin bars and BEOVBs.
People had their hardcover novels, and I was there struggling with stapled...
  • #25,582
  • Mar 31, 2009 2:29pm Mar 31, 2009 2:29pm
Quoting james16
when its all said and done its those 40 pip profits on a daily chart instead of losses that will seperate the boys from the men with this material.

nice,

jim
KissFan and I believe scott087 may have realized this.

For me, it was truly one of many J16 "Ah HA" moments. Even though the setup looked like it could produce more pips.

I like taking these moments, re-living them and never look back.

Indicators show the past. Price Action "Indicates" the future.
  • #25,583
  • Mar 31, 2009 2:32pm Mar 31, 2009 2:32pm
Quoting moneybags
Good stuff Bertie.
I think going through this material more than once is key. Sometimes it takes a while to sink in.

It reminds me of my recent vacation. Before I left I felt like I needed some quality reading to rejuvinate me, so I printed out all kinds of J16 material. Old stuff, new stuff, whatever. (and when I say old I mean stuff from like page 1)
So there I was on the beach in Cuba enjoying the sunshine, warmth, beautiful ocean while looking at pin bars and BEOVBs.
People had their hardcover novels, and I was there struggling with stapled...
What A place!Hope to be able to give my family this kind of relaxation some day!keep it up!
  • #25,584
  • Mar 31, 2009 2:33pm Mar 31, 2009 2:33pm
exactly.

if you always only take the best set ups the best set ups are always going to give you a profit.

if you always end a trade with profit or at breakeven this means you never lose.

if you never lose then.....

i will let the reader fill that in.

jim
Quoting jarroo
KissFan and I believe scott087 may have realized this.

For me, it was truly one of many J16 "Ah HA" moments. Even though the setup looked like it could produce more pips.

I like taking these moments, re-live them and never look back.

  • #25,585
  • Mar 31, 2009 2:35pm Mar 31, 2009 2:35pm
Quoting mbqb11
Nice Tom

hope the baby is keeping you busy
Thanks Mike.
He definitely is keeping me busy. Just one more reason to trade Daily and Weekly. lol

And to Markmm, I thought it was a pin bar until it took a chunk out of my ass. That confirmed what it was.

Tom
  • #25,586
  • Mar 31, 2009 3:01pm Mar 31, 2009 3:01pm
Quoting james16
exactly.

if you always only take the best set ups the best set ups are always going to give you a profit.


jim
That's one thing I'm always working on Jim. Knowing the difference between the "best" setups and the "good" setups. It does get easier.
Indicators show the past. Price Action "Indicates" the future.
  • #25,587
  • Mar 31, 2009 3:03pm Mar 31, 2009 3:03pm
Quoting moneybags
Thanks Mike.
He definitely is keeping me busy. Just one more reason to trade Daily and Weekly. lol

And to Markmm, I thought it was a pin bar until it took a chunk out of my ass. That confirmed what it was.

Tom
Heheh, As long as it didn't get your trading hand!
Economists have forecast 9 out of the last 5 recessions
  • #25,588
  • Mar 31, 2009 3:05pm Mar 31, 2009 3:05pm
you can micro trade with a mini or full account with ibfx seve.

your charts will match most of those here also.

jim

Quoting sevejose
Can someone recommend a few brokers that use micro trades working with Meta Trader?
  • #25,589
  • Mar 31, 2009 3:21pm Mar 31, 2009 3:21pm
Alright can somebody help me out with this if they can .

Does anyone have a Metatrader feed which has 4HR candles that closed 80 minutes ago . At 20:00 GMT they would have closed at ? It's now 21.21 GMT
  • #25,590
  • Mar 31, 2009 3:24pm Mar 31, 2009 3:24pm
Another photo of FX education taking place in a tropical setting.
Attached Image
  • #25,591
  • Mar 31, 2009 3:24pm Mar 31, 2009 3:24pm
Sorry Ignore
Economists have forecast 9 out of the last 5 recessions
  • #25,592
  • Mar 31, 2009 3:25pm Mar 31, 2009 3:25pm
Quoting Jigsaw
Alright can somebody help me out with this if they can .

Does anyone have a Metatrader feed which has 4HR candles that closed 80 minutes ago . At 20:00 GMT they would have closed at ? It's now 21.21 GMT
Try Alpari UK
  • #25,593
  • Mar 31, 2009 3:29pm Mar 31, 2009 3:29pm
Jim,
That is true in my case. I used to try to hit a homerun on every trade which did not work so well for me. Things turned around when I stopped. Sure, the risk/reward ratio may be terrible on many trades but who cares!

Scott

Quoting james16
when its all said and done its those 40 pip profits on a daily chart instead of losses that will seperate the boys from the men with this material.

nice,

jim
  • #25,594
  • Mar 31, 2009 3:29pm Mar 31, 2009 3:29pm
Quoting Eclipse
Try Alpari UK
They close (for me anyway) at an hour before that, their 4HR closes at 19.00 . Im just looking for a 20.00GMT close .

Oh If I could just find a Metatrader to close at this time . lol :
  • #25,595
  • Mar 31, 2009 3:30pm Mar 31, 2009 3:30pm
thats freakin great ub,


LOLOLOL

jim

Quoting uBERpIP
Another photo of FX education taking place in a tropical setting.
  • #25,596
  • Mar 31, 2009 3:43pm Mar 31, 2009 3:43pm
Quoting uBERpIP
Another photo of FX education taking place in a tropical setting.
Man , thats a really nice location ..... teach me the pip dance pls
  • #25,597
  • Mar 31, 2009 3:52pm Mar 31, 2009 3:52pm
Quoting Jigsaw
They close (for me anyway) at an hour before that, their 4HR closes at 19.00 . Im just looking for a 20.00GMT close .

Oh If I could just find a Metatrader to close at this time . lol :
Hey Jigsaw
Try ODL Securities...their daily closes at 00:00 uk time so the 4hr should close at 20:00 uk time...up until recently I used them and fxpro...but the 2hour tim gap used to confuse me so stuck with fxpro.
Jeev
  • #25,598
  • Mar 31, 2009 3:55pm Mar 31, 2009 3:55pm
Quoting Jigsaw
They close (for me anyway) at an hour before that, their 4HR closes at 19.00 . Im just looking for a 20.00GMT close .

Oh If I could just find a Metatrader to close at this time . lol :
Maybe I didn't get the picture, but Alpari UK servers are located in London, so they use GMT time zone; so for the 4 hour timeframe it should be as follow:

- open at 00.00 GMT / close at 04.00 GMT
- open at 04.00 GMT / close at 08.00 GMT
- open at 08.00 GMT / close at 12.00 GMT
- open at 12.00 GMT / close at 16.00 GMT
- open at 16.00 GMT / close at 20.00 GMT
- open at 20.00 GMT /close at 00.00 GMT
  • #25,599
  • Mar 31, 2009 4:05pm Mar 31, 2009 4:05pm
Quoting Eclipse
Maybe I didn't get the picture, but Alpari UK servers are located in London, so they use GMT time zone; so for the 4 hour timeframe it should be as follow:

- open at 00.00 GMT / close at 04.00 GMT
- open at 04.00 GMT / close at 08.00 GMT
- open at 08.00 GMT / close at 12.00 GMT
- open at 12.00 GMT / close at 16.00 GMT
- open at 16.00 GMT / close at 20.00 GMT
- open at 20.00 GMT /close at 00.00 GMT

unfortunately not - i have both odl and alpari

alpari is 1900
odl is 2100 it was 8pm before we moved into BST last w/e
  • #25,600
  • Mar 31, 2009 4:11pm Mar 31, 2009 4:11pm
the pin bar alone i think it's perfect, but how do you guys rate the position?
thanks
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