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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

  • #36,761
  • Jul 8, 2009 1:00pm Jul 8, 2009 1:00pm
Quoting mbqb11
I think James is off to his trip now so I can finally roll this out for you guys.

THIS WILL LAST ONLY TILL HE GETS BACK SUPPLY LIMITED - NEVER LET THE BEAR GET YOUR STOP AGAIN
lol......ill have one!!!(or two)
PATIENCE... DISCIPLINE
  • #36,762
  • Jul 8, 2009 2:33pm Jul 8, 2009 2:33pm
Hi,

I have been doing demo based on James16 system and have reasonable success and have finally decided to go live. I came across forex broker DeltaStocks and noticed they are currently offering 20% credit bonus on initial deposit. Can anyone advise of any past experience with this broker, since they are offering a pretty high credit bonus, I am a bit suspicious.

Moreover, Alpari is offering 10% credit bonus on initial deposit.

Would appreciate your comments on both these brokers.

Thanks,

Alifari
The purpose of knowledge is action, not knowledge
  • #36,763
  • Jul 8, 2009 2:59pm Jul 8, 2009 2:59pm
I think you can simply try place limit orders in oanda by looking at mt4 price feeds.

deposit 100$ via paypal will do...
trade 100$ position on dailies for at least 1 month.

ryan will complain about more hundred $ accounts hoho
but it keeps you alive by not over leverage....
and if you survive 3 month live trading you're likely to survive in this world later.

forget about bonus if you're new... later you'll be able to do some math to show it's simply a promo you're not getting more than what you deposit.

if you go with above 2 difference is min position you trade is 1k unit...
again do not try to 'earn' the bonus by completing the required lots of trading... most of the time you got blow up before the requirement is met.

try to complete 100 lot trading in your 1st 3 months is very dangerous...

Amount credited as bonus______Standard Round Turn Lots Requirement July-Oct 1st
>$1,000 - $2,000________________ 100 lots

Quoting alifari
Hi,

I have been doing demo based on James16 system and have reasonable success and have finally decided to go live. I came across forex broker DeltaStocks and noticed they are currently offering 20% credit bonus on initial deposit. Can anyone advise of any past experience with this broker, since they are offering a pretty high credit bonus, I am a bit suspicious.

Moreover, Alpari is offering 10% credit bonus on initial deposit.

Would appreciate your comments on both these brokers.

Thanks,

Alifari
  • #36,764
  • Jul 8, 2009 3:00pm Jul 8, 2009 3:00pm
what do you guys think about the pb on 4 hour usd/jpy. HUGE tail...
  • #36,765
  • Jul 8, 2009 3:04pm Jul 8, 2009 3:04pm
Quoting g5ricky
what do you guys think about the pb on 4 hour usd/jpy. HUGE tail...
Not a pb (on my feed) technically, but probably will behave like one. NZD/JPY, GBP/JPY are PB's
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36,766
  • Jul 8, 2009 3:07pm Jul 8, 2009 3:07pm
Quoting g5ricky
what do you guys think about the pb on 4 hour usd/jpy. HUGE tail...
On my feed it didn't close within the previous bar. On FxPro it's not a pin bar at all (for those that use it)
That aside, there's a recent downtrend and the bar before it is a huge BEB. Personally, I wouldn't touch this one. If one was to play this, stops would have to be moved to BE very quickly.

Tom
  • #36,767
  • Jul 8, 2009 3:16pm Jul 8, 2009 3:16pm
This is for the fans of blind entries like rac and ghous (even if on demo)
Or not?
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  • #36,768
  • Jul 8, 2009 3:21pm Jul 8, 2009 3:21pm
Quoting LasVahGoose
Not a pb (on my feed) technically, but probably will behave like one. NZD/JPY, GBP/JPY are PB's
oh okay i just checked again and it missed being a pb by 2 pips. are you going to be playing nzd/jpy or gbp/jpy?
  • #36,769
  • Jul 8, 2009 3:23pm Jul 8, 2009 3:23pm
[quote=billye;2860137]I think you can simply try place limit orders in oanda by looking at mt4 price feeds.

deposit 100$ via paypal will do...
trade 100$ position on dailies for at least 1 month.

Billye,

Thanks for your reply. I will start with micro lots with Oanda.

Alifari
The purpose of knowledge is action, not knowledge
  • #36,770
  • Jul 8, 2009 3:27pm Jul 8, 2009 3:27pm
Quoting g5ricky
oh okay i just checked again and it missed being a pb by 2 pips. are you going to be playing nzd/jpy or gbp/jpy?

Thinking about NZD/JPY. I like the PB inside the body of the previous bar, good size and lots of space.

Below the 58.00 level bothers me a little bit. Retest of the 60.0 level would be interesting, a PPZ with 50 and 78.6 Fib confluence. Like Jarroo says, let's see if it gives a hard break in the Asian session.
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36,771
  • Jul 8, 2009 3:36pm Jul 8, 2009 3:36pm
Quoting alifari
Hi,

I have been doing demo based on James16 system and have reasonable success and have finally decided to go live. I came across forex broker DeltaStocks and noticed they are currently offering 20% credit bonus on initial deposit. Can anyone advise of any past experience with this broker, since they are offering a pretty high credit bonus, I am a bit suspicious.

Moreover, Alpari is offering 10% credit bonus on initial deposit.

Would appreciate your comments on both these brokers.

Thanks,

Alifari
I wouldn't be putting money with a Bulgarian broker for starters. IBFX is offering 10% at the moment as well.
  • #36,772
  • Jul 8, 2009 3:42pm Jul 8, 2009 3:42pm
Congrats on your 1000th post Ryan
Trust price. Know yourself.
  • #36,773
  • Jul 8, 2009 4:02pm Jul 8, 2009 4:02pm
Quoting LasVahGoose
Thinking about NZD/JPY. I like the PB inside the body of the previous bar, good size and lots of space.

Below the 58.00 level bothers me a little bit. Retest of the 60.0 level would be interesting, a PPZ with 50 and 78.6 Fib confluence. Like Jarroo says, let's see if it gives a hard break in the Asian session.

so how do you guys usually play these? wait for asian open and if it starts going up jump aboard for the ride? I thought it was strictly break the pin...you take the trade...you get out at first ppz or move to BE?
  • #36,774
  • Jul 8, 2009 4:21pm Jul 8, 2009 4:21pm
Quoting g5ricky
so how do you guys usually play these? wait for asian open and if it starts going up jump aboard for the ride? I thought it was strictly break the pin...you take the trade...you get out at first ppz or move to BE?

Everyone has there own style. Typically, you wait for the pin break or pin break +10. The Asian session is just my thing since AUD and NZD I believe trade during the Sydney session by the locals.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36,775
  • Jul 8, 2009 4:28pm Jul 8, 2009 4:28pm
Euro Sterling in an interesting place at the moment.......
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  • #36,776
  • Jul 8, 2009 4:34pm Jul 8, 2009 4:34pm
Quoting bakko85
This is for the fans of blind entries like rac and ghous (even if on demo)
Or not?
hi bakko, for what its worth i would be wary about a blind entry here. Great PPZ but it has been has been bashed quite a bit allready and each reaction high of late has been getting lower and lower. It has got some nice bullish div on the 4h TF though. i dont sat it wont work out but i personally would rather wait for some bar confirmation.
jus my 2 pips.
jon
PATIENCE... DISCIPLINE
  • #36,777
  • Jul 8, 2009 4:40pm Jul 8, 2009 4:40pm
lol.

you jumped the gun buddy.

replace the spray with a beer.

i use a beer offering before the spray comes out.

a good cold beer rarely fails to work.

jim



Quoting mbqb11
I think James is off to his trip now so I can finally roll this out for you guys.

THIS WILL LAST ONLY TILL HE GETS BACK SUPPLY LIMITED - NEVER LET THE BEAR GET YOUR STOP AGAIN
  • #36,778
  • Jul 8, 2009 4:47pm Jul 8, 2009 4:47pm
Quoting Interceptor
Euro Sterling in an interesting place at the moment.......

Looking at that too. Thats a good level from the Weekly. On my 4H IG feed (close at 24h00 UK time) there are 2 IBs that closed below that level. I think if this is going to turn down its going to happen here.

If it breaks up I'll wait for the retest.
  • #36,779
  • Jul 8, 2009 4:48pm Jul 8, 2009 4:48pm
Quoting SeekingLight
Congrats on your 1000th post Ryan


Hey thanks
Keep taking CT trades, I need more money
  • #36,780
  • Jul 8, 2009 4:49pm Jul 8, 2009 4:49pm
AHhhh . . . that's better.
Indicators show the past. Price Action "Indicates" the future.
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