james16 Chart Thread

Hi James,

Congratulations and Happy Birthday to the thread! I've pretty much been lurking here all this time, but I'll come out of my shell to say thank you for teaching me how to trade here and in the PF. Your baby has grown quite large - I remember when I was proud of myself for getting through the entire thing....when it was only around 500 pages. I won't say it was an easy 4 years for me, because it took a lot of work to realize just how simple this really is. Now you've got newcomers like Josh who are making it through an ever larger beast, so I am impressed by him and others like him. Thank you for everything, James. I still read every post here and in the PF, and still learn something new all the time.

Simoncs,
Welcome back. Where have you been?

I have mixed opinions about this USD/CAD bar.

Pros
- swing high
- fib (fib confluence)

Cons
- bar shape: substantial lower tail makes it look more like a neutral bar
- not at a PPZ on my charts
- preceded by an inside bar (pinbar shape) that broke higher.
- My first TP would be at 1.1172, which is on the lower part of that PPZ and would probably struggle to get there...

This could work out quite well. But there are enough cons bouncing in my head to not let me take this trade using my exit strategy. Better trades will come along.

Josh

Thanks for the help guys. Chaos, you say CADJPY is in a downtrend, and yeah it is on the 4hr., but I'm seeing, at least on the daily, we may be at the end of a retracement during an uptrend. What do you think? Possible?

All the best and happy birthday to you - the thread
By the way, not a bad moment for the very first post
Thanks to you j16 for all your great posts and basically a priceless thread
The ideas mentioned here are for the "indicatory" trader (incl. myself till some morning about a month ago ) like the wheel invention for the people in the ancient ages...

Happy Birthday and a big thanks to Jim and the Gang (you know who you are)!
Great stuff and great people here!

RM

Wow. lol

God bless this thread.

A huge thanks to everyone that has made this place a fun and enjoyable place to learn for the last 4 years.

I look forward to the next 4 and beyond.

Jim

Aww I am new but going to try to become a good participating member

HAPPY 4TH BIRTHDAY JAMES16 THREAD

and many thanks to all contributors for making it such a great place.

I posted the following in the PF a while ago but it seems appropriate to put it here as well to celebrate ... (imagine your singing it to Johnny Nash's 'I Can See Clearly Now' song)

We can see clearly now our charts are clean
We can see all PPZs in our way
Gone are the indicators that had us blind

It's gonna be a bright, bright price action day
It's gonna be a bright, bright stressfree day

YES, we can make it now the fear has gone
All our impulsive trades have disappeared
Here is the holy grail we've been searching for

It's gonna be a bright, bright profitable day
It's gonna be a bright, bright stressfree day

Look on our charts there's nothing but daily bars
Look up and down there's areas of confluence

We can take profit now the greed has gone
We can set stops and use money management
Here is the mentor we've been praying for
It's gonna be a bright, bright J16 day!


Good trading to everyone .

Forexhen

Am I missing something or has it been a loooong time since a decent daily set-up that a newb like me could take? I know its better to be out of a trade if its not an ideal set-up but, since finding this thread in April, I've averaged nowhere near 2-3 set-ups per month. I've got so frustrated that I've fallen into the trap of trading the next TF down before I was ready .

& James (and other contributors) thanks for all the trading help and hope you have offered.

Four years is a long time to maintain the character that this thread portrays. It took nothing less than fantastic, dedicated people to do so. Just wish I had been here the whole while. My hats off to all of you.

Happy Birthday!!!!!!!

I propose a toast to Four more just like it.


Bob

THANK YOU KIND LADY.

that song has not played thru my head in many years.

i enjoyed it very much.

jim

Happy Birthday to the family.
Well that is what it has become for me. Between here & the pf, just awesome.
Great to see long timers & newbs all mixing it up & giving a learning place to all that come by..
Part of my benefit of learning to trade here is that I'm away, AGAIN.... sailing up here in Newport for a few weeks.. nice.......
This is what learning this from here allows me to do...
So thanks to all who contribute & make this place the best..

HAPPY BIRTHDAY JAMES16

Thank you for the chance to participate in this great place.
Thanks to the thread founder (JAMES) and seniors like MIKE, RAC, JAROO (apologise for not mentioning others from name/nick) I could learn a few basic things. I have found why I was blowing my accounts and I've learnt to be patient. I've started to learn how to read the charts and all that caused I have the SAME ACCOUNT (with some minimal gains - not worth mentioning) since FEBRUARY !!!
THANK YOU JAMES AND THANK YOU ALL!

Oh happy bday man! Awesome contributions

Jun 17 2005 10:41pm
And so it began...

I don't think anyone knew where it would go, how many people it would help, how many lives it would change. How amazing to think it began with that one casual moment.

I was trying to think of what to to post and I thought the best thing would be to write a list of what makes this place so great.

1) A simple, easy to learn method that can be traded in both trending and consolidating markets. All you need to know to be profitable is here.

2) The efforts of James16 himself in boiling down all the complicated and difficult stuff he knows into a very simple, easy to learn form. Look at the early charts and the language he uses and see how he has refined and refined the way he teaches to make it accessible to newcomers. You won't get that anywhere else.

3) The seniors. People who learnt from James' example and, long after they had learnt everything they needed to print money, stayed here to teach and help the others. In clear and simple language. No big swinging dicks here. There are so many who consistently maintain their presence here, selflessly helping others.

4) The respect and humility with which everything is taught here. Look at some of the other threads, even the ones that rip off what James teaches. See the anger, the bullying, the ego, the casual abuse of newcomers. And compare that with how questions are answered here. How Mike dealt with Alter's query a few pages back. Nobody here abuses a sincere and questioning newcomer. Everyone understands that we are working hard to change our circumstances and our lives.

5) The passing of the torch. Seeing people come up and grow. People who's first post not so long ago was along the lines of "well what is a pinbar anyway?" and soon are growing, learning, helping others. This thread keeps producing great traders, and crucially, traders with a great attitude.

6) No trolling here. Hardly any questioning of the method, hardly any "This is BS! Price action doesn't work!" No filters, no deviation, it just stays on course, to the point and doesn't descend into flame wars.

7) All levels of experience. Nobody can tell who is teaching who here. It's not just James teaching everyone else. He looks in from time to time, posts charts and answers questions. But this is not a one man thread. Everyone is here to teach and to learn. Look at how Ryan, a phenomenally successful trader, is here learning the dailies. Amazing.

Which brings me onto what I think is the best thing about this thread.

8) You.
The person reading this screen. This thread lives and dies by its members. Every single person who contributes, and even those who just read, make this place what it is. This is not a classroom, it is a community. I have forged strong friendships here. And believe me, when you start to trade, everyone in your real life circle thinks you're crazy...so you really do need the support of fellow traders. There are far too many to mention so I thank each and every person who has ever posted or who continues to post to this thread. For the last 10 months I have read every post, every day. And long as you people continue to post, that is exactly what I will carry on doing.

So in answer to your question in post one James, "What does everyone think?". I think it's pretty damn remarkable.

Happy birthday James16 thread. Writing this has brought tears to my eyes.

Happy Birthday,This is my very first post one this site,I am very new to Forex Trading,and find your thread most educational keep it up please.

8 Hour Eur/Jpy PB, a bit of traffic (consolidation). Let's see how she breaks. (if she breaks).

Great post Tia. Post 1 material.