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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

  • #26,061
  • Apr 3, 2009 2:10pm Apr 3, 2009 2:10pm
Here's one setup I'd like to see unfold next week...

(love the way that BUOB makes it way through all the traffic blowing through support and resistance)

Regards,
Ghous.
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I believe . . .
  • #26,062
  • Apr 3, 2009 2:16pm Apr 3, 2009 2:16pm
i have a friend from michigan.

he left about 3 years ago and still gets homesick.

he says he left because of the tax rates and how they were killing business in the state. ( texas has no state income tax and one reasonwhy he came here ).

then i heard on the radio yesteday that its getting pretty bad there. young professional people leaving in droves due to the same thing.

i will never understand that thought process.

lower taxes ALWAYS increase revenues.

they raise taxes and run off good income earners and then they dont have as many tax payers so they raise them even more.

they were talking about how new york is going down the same road.

i dont get it.

If a politician even uttered the phrase " state income tax" in texas he/she would have zero chance of ever getting elected again.

texas is business and personal income friendly and why we almost always have a ton of cash in the state coffers.

people trip over themselves trying to get here.

why do other states not see this and do the same thing?

like i said i dont get it.

Quoting jarroo
Yes, but in Michigan we call it water skiing. lol
  • #26,063
  • Apr 3, 2009 2:18pm Apr 3, 2009 2:18pm
Quoting james16
i have a friend from michigan.

he left about 3 years ago and still gets homesick.

he says he left because of the tax rates and how they were killing business in the state. ( texas has no state income tax and one reasonwhy he came here ).

then i heard on the radio yesteday that its getting pretty bad there. young professional people leaving in droves due to the same thing.

i will never understand that thought process.

lower taxes ALWAYS increase revenues.

they raise taxes and run off good income earners and then they dont have as many...
LOL!
I believe . . .
  • #26,064
  • Apr 3, 2009 2:23pm Apr 3, 2009 2:23pm
Quoting james16
i have a friend from michigan.

he left about 3 years ago and still gets homesick.

he says he left because of the tax rates and how they were killing business in the state. ( texas has no state income tax and one reasonwhy he came here ).

then i heard on the radio yesteday that its getting pretty bad there. young professional people leaving in droves due to the same thing.

i will never understand that thought process.

lower taxes ALWAYS increase revenues.

they raise taxes and run off good income earners and then they dont have as many...
They're raising everything in NYC. The transit costs, cab fares, etc. it's getting ridiculous. I'm moving after I finish school in Dec. Hell I'd rather move back to California, least I'll be getting screwed by the government while the weather's nice.
Patience + Humility + Study = Success
  • #26,065
  • Apr 3, 2009 2:26pm Apr 3, 2009 2:26pm
AS GOD IS MY WITNESS WILL SOMEONE PLEASE EXPLAIN TO ME WHY PEOPLE VOTE LIKE THIS.

can you tell me dutch because im not from an area like that.

how do these people get elected?

jim

Quoting DutchTrader
They're raising everything in NYC. The transit costs, cab fares, etc. it's getting ridiculous. I'm moving after I finish school in Dec. Hell I'd rather move back to California, least I'll be getting screwed by the government while the weather's nice.
  • #26,066
  • Apr 3, 2009 2:26pm Apr 3, 2009 2:26pm
Quoting jarroo
Yes, but in Michigan we call it water skiing. lol
When I was 16 my girlfriends father took me out to try sking....I swallowed about a gallon of water and flew about ten feet in the air only to come down crashing my head into the water....Maybe he had something to do with my failer of that sport
  • #26,067
  • Apr 3, 2009 2:34pm Apr 3, 2009 2:34pm
Quoting ghous
I admire that sport...

It's non-existent here is Pakistan, we have some great beaches with vigorous waves yet no surfers/skiers
hmmm new place to go surfing??
  • #26,068
  • Apr 3, 2009 2:41pm Apr 3, 2009 2:41pm
Quoting james16
AS GOD IS MY WITNESS WILL SOMEONE PLEASE EXPLAIN TO ME WHY PEOPLE VOTE LIKE THIS.

can you tell me dutch because im not from an area like that.

how do these people get elected?

jim
Jim, no joke, it's been like(dating myself here) the Jones town kool aid drinking. Seriously. I've got a ton of friends who are in finance and make nice if not obscene money and they were all Obama guys. Except one. Trust me when I say he's not let us forget that he was the lone dissenter. Being a euro I can't vote. If I could I would've voted for Ron Paul anyway,.
Patience + Humility + Study = Success
  • #26,069
  • Apr 3, 2009 2:51pm Apr 3, 2009 2:51pm
Quoting james16
AS GOD IS MY WITNESS WILL SOMEONE PLEASE EXPLAIN TO ME WHY PEOPLE VOTE LIKE THIS.

can you tell me dutch because im not from an area like that.

how do these people get elected?

jim
There's just a lot of Yellow Dog liberal Democrats in this UAW state. Yellow Dog Democrat is a person that will always vote for a Democrat even if its a yellow dog. Much like Blue Dog Republican.

They think that Converatives (Rep.) are for the rich and Liberals (Dem.) are for the common man. I think they are starting to understand that its the other way around.

I agree. Econ 101, less taxes increases revenue.
Indicators show the past. Price Action "Indicates" the future.
  • #26,070
  • Apr 3, 2009 2:53pm Apr 3, 2009 2:53pm
Quoting james16
AS GOD IS MY WITNESS WILL SOMEONE PLEASE EXPLAIN TO ME WHY PEOPLE VOTE LIKE THIS.

can you tell me dutch because im not from an area like that.

how do these people get elected?

jim
it's simple..
people get brainwashed everyday by ads, TVs, useless news stations, which only feed fear and chaos into people's brains (or what's left of them). These days it's so easy to manipulate people, it's really scary. If it was mandatory for citizens to 'unplug' their brains for 15 min every day and spend this time on either meditation, concentration or simply relaxation, guess what would be the turn out at the poll stations.....

It would be ZERO. No one in their right mind would go to the polls, because people would see right through those candidates, who only pretend to care, before they're elected.

Sad, but true. It's got a be a reason why Fiji, wanted to escape from it all...
  • #26,071
  • Apr 3, 2009 2:53pm Apr 3, 2009 2:53pm
Quoting jlmac27
When I was 16 my girlfriends father took me out to try sking....I swallowed about a gallon of water and flew about ten feet in the air only to come down crashing my head into the water....Maybe he had something to do with my failer of that sport
That's called a fun day water skiing in my book. lolol
Indicators show the past. Price Action "Indicates" the future.
  • #26,072
  • Apr 3, 2009 3:09pm Apr 3, 2009 3:09pm
Quoting DutchTrader
Jim, no joke, it's been like(dating myself here) the Jones town kool aid drinking. Seriously. I've got a ton of friends who are in finance and make nice if not obscene money and they were all Obama guys. Except one. Trust me when I say he's not let us forget that he was the lone dissenter. Being a euro I can't vote. If I could I would've voted for Ron Paul anyway,.
I'm originally from NYC and love it and miss it. People starve themselves by eating Ramen noodles for their meals and live in roach infested, closet sized apartments just to live in NYC. Most people there just don't care about the taxes. Obviously they'd rather them much lower, but they're willing to live with expensive living to live in the greatest city on earth
  • #26,073
  • Apr 3, 2009 3:13pm Apr 3, 2009 3:13pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Thanks, mike for the encourage. the broadband was broken in the entire area of my street today,just get a chance coming back to see the posts. funny thing is I got a breakeven on AUDUSD after without stoploss and noticing the ups and downs almost the whole day. seems lucky.

Quoting mbqb11
Glad to see you are so determined Krue. That is one of the characteristics you must have to make it all work. Just follow James16 and you can't go wrong

Mike
  • #26,074
  • Apr 3, 2009 3:13pm Apr 3, 2009 3:13pm
Quoting ghous
Here's one setup I'd like to see unfold next week...
(love the way that BUOB makes it way through all the traffic blowing through support and resistance)
Regards,
Ghous.
Hi all,
That wasn't the best week for me, enough to say I've screw up BIG WAY (I know it's strong wording). BUt it's true, first I didn't take profits on eur/jpy of the table, I was hypnotised watching hundred pips turning into loser I'm sick when I think about it, then I have made worse, I overtraded in revenge loosing almost three weeks gains on the account and now profit/loss is as it was after first profitable setup.
This is demo but I feel like I've lost a real monies. Is so hard to win that battle with your ego, it pricks you and pushes into madness, the hardest part of PA training, sort out your ego first...Anyway is like an addict who went pissed on the way to attend weekly meeting. This pathetic confession, you guys have a right to start to throw rotten tomatoes on me, I will take it.

On the charts side.
I've just noticed similar setups on most of the weekly JPY pairs, same pattern BUOB piercing through multiple S/R levels. But one BIG BUT: this BUOB are located at the swing high, this should disqualify them, am I right ?? Location wise. Hope everybody else enjoys a nice weekend, I'm going back under the stone.

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Could James, Mike, Jaroo, Rac, Ghous have a look on this and share an expert opinion please.
  • #26,075
  • Apr 3, 2009 3:23pm Apr 3, 2009 3:23pm
I KNOW THIS IS HARD FOR YOU TO BELIEVE RIGHT NOW BUT ITS A GREAT DAY.

EVERYTHING IN THIS POST IS STRAIGHT OUT OF MY LIFE AT ONE TIME.

YOU HAVE WON HALF THE BATTLE BY JUST FULLY UNDERSTANDING WHAT YOU HAVE DONE AND WHERE YOU ARE AT.

YOUR VERY OWN WORDS PROVE YOU ARE IN TOTAL CONTROL OF WHETHER OR NOT THIS PROVES TO BE DOABLE FOR YOU.

THE VAST MAJORITY OF PEOPLE NEVER EVEN SNIFF THIS LEVEL.

JIM



Quoting pakiestra
Hi all,
That wasn't the best week for me, enough to say I've screw up BIG WAY (I know it's strong wording). BUt it's true, first I didn't take profits on eur/jpy of the table, I was hypnotised watching hundred pips turning into loser I'm sick when I think about it, then I have made worse, I overtraded in revenge loosing almost three weeks gains on the account and now profit/loss is as it was after first profitable setup.
This is demo but I feel like I've lost a real monies. Is so hard to win that battle with your ego, it pricks you...
  • #26,076
  • Apr 3, 2009 3:30pm Apr 3, 2009 3:30pm
THIS IS WHAT BLOWS MY MIND.

The total opposite is true and its as easy to see as a blue sky on a clear day.

i still dont get it.

to believe that people follow that train of thought is to believe that most people are stupid as a freakin rock.

i just cant wrap my brain around it.









Quoting jarroo
There's just a lot of Yellow Dog liberal Democrats in this UAW state. Yellow Dog Democrat is a person that will always vote for a Democrat even if its a yellow dog. Much like Blue Dog Republican.

They think that Converatives (Rep.) are for the rich and Liberals (Dem.) are for the common man. I think they are starting to understand that its the other way around.

I agree. Econ 101, less taxes increases revenue.
  • #26,077
  • Apr 3, 2009 3:33pm Apr 3, 2009 3:33pm
Quoting ghous
Here's one setup I'd like to see unfold next week...

(love the way that BUOB makes it way through all the traffic blowing through support and resistance)

Regards,
Ghous.
ghous I'm looking for it to pullback to test that neckline to see if it has become a support area for a rocket boost towards 92.00 my still learning .02
Patience + Humility + Study = Success
  • #26,078
  • Apr 3, 2009 3:33pm Apr 3, 2009 3:33pm
Quoting james16
welcome heidi,

post a chart with some notations..

makes it easier to understand what your seeing and for others to reply.

jim
Thank you for the welcome, Jim, and the wonderful thread!

After I've posted my question, PA went up and bounced off of 38%.

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  • #26,079
  • Apr 3, 2009 3:36pm Apr 3, 2009 3:36pm
Quoting pakiestra
Hi all,
That wasn't the best week for me, enough to say I've screw up BIG WAY (I know it's strong wording). BUt it's true, first I didn't take profits on eur/jpy of the table, I was hypnotised watching hundred pips turning into loser I'm sick when I think about it, then I have made worse, I overtraded in revenge loosing almost three weeks gains on the account and now profit/loss is as it was after first profitable setup.
This is demo but I feel like I've lost a real monies. Is so hard to win that battle with your ego, it pricks you...
Ok. Why invent the wheel when there is a solution.

I was in the same boat few years back and no matter what I tried, it didn't work as expected. Too many losses on profitable setups, etc. It was sickening...
And then one day it hit me when I was watching James's video where he moved to BE on weekly setups once (i think) 30ps in profit.
Once I realized why he does that, it has changed my trading by 10 folds.

The issue was that having a small account I didn't care much about moving to BE to quick and I was getting stopped out for -50, -100ps quite often and on a good setups, believe it or not. Big deal right, a $50 or $100...

One day I'm sitting and thinking... Jim must be the lucky guy.... if his 30 pips are worth my monthly salary. And then suddenly something lit up in my brain ....

I had a day dream about having the same account as his and allowing my positions to be stopped out at -100..
That would be around 10-20k LOSING TRADE. This one vivid dream has changed the way I trade FOREVER. I don't have a huge account, but I'm sure treating it like I do. Once you do that you WILL NEVER LET YOUR PROFIT TURN INTO A LOSS. Prevent the losses and your account will grow happily ever after...
  • #26,080
  • Apr 3, 2009 3:42pm Apr 3, 2009 3:42pm
Quoting raczekfx
Ok. Why invent the wheel when there is a solution.

I was in the same boat few years back and no matter what I tried, it didn't work as expected. Too many losses on profitable setups, etc. It was sickening...
And then one day it hit me when I was watching James's video where he moved to BE on weekly setups once (i think) 30ps in profit.
Once I realized why he does that, it has changed my trading by 10 folds.

The issue was that having a small account I didn't care much about moving to BE to quick and I was getting stopped out for -50, -100ps...
This is a priceless post....( Mastercard moment ) haha
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