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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

  • #36,881
  • Jul 9, 2009 8:36am Jul 9, 2009 8:36am
Quoting ghous
Seems a clear path ahead now.
Final TP got hit today, while I was off with 20 of my good buddies to a beautiful resort.

Damn I would have liked to hold it longer but "absence rules" applied and I nodded at them as an obedient dog.

Regards,
Ghous.
Attached Images
I believe . . .
  • #36,882
  • Jul 9, 2009 8:37am Jul 9, 2009 8:37am
Quoting T.E.Lawrence
James16,

I'm not attacking you and don't want to be rude, but:

while reading your thread I've noticed james16group, went to this site, noticed 129$ for something and then stopped - you know what I'm talking about. Don't be angry - we all have seen this before. Assurance, testimonials......and Visa card picture at the end.

C'mon James, what do you need the goddamn 129 bucks for? Why are you selling something? Do you have to earn money this way? Why? Forex is not enough?

P.S.

Every one who's been in forexland for some time knows why...
To aid in paying for the website. He set it up as a place where people could go and not have to sift through the noise.

I am in 100% agreement with your skepticism. 110%. The Internet is FULL OF THEM. I saw that offer and sat back and watched for a year. Scam artists and goof balls would not last that long with out being exposed.

So I joined over two years ago - best money I ever spent. Ever. Now my membership is free, but I'd gladly pay again monthly if he asked me to. Those people are worth it to have them all together.

So - my suggestion - instead of coming in and taking a giant dump, sit back, watch, ask polite questions, learn and understand. People will respond to you, rather than react.
I'm pretty much done with all this ...
  • #36,883
  • Jul 9, 2009 8:40am Jul 9, 2009 8:40am
Quoting Ryanmcd
It's funny to see people trying to copy someone and they have no clue on why or how it is done, Why don't you find something that works for YOU just like I have always done, if you are going to copy someone else without knowing 100% why how and when they are doing it your going to lose. Years ago when I did the 3min thing it took me about 6 months with phone calls and e-mails DAILY with my mentor to get it down what he was doing, I don't think a few charts of what he is doing is going to get you in the winning area. Why not just do the PB's with...
Great advice Ryan.

Thanks.
I believe . . .
  • #36,884
  • Jul 9, 2009 8:46am Jul 9, 2009 8:46am
Quote
James16,
I'm not attacking you and don't want to be rude, but:
while reading your thread I've noticed james16group....

T.E.Lawrence,
have u read the first page & first post in this thread?
is this your first post in this thread?
if it is, i must say, it's very rare we get 1st post such as yours.
we usually get posts that are sober, thankful, excited & humble in nature.
We very much welcome those kinds of posts.
U claim not to come on as rude but your posts somehow shows otherwise.
U are actually audacious to post as such, with questions as such,
trying to stir things up here.

Let me ask, when u apply for a job, & the employer asks u, "are u willing to work for free", will u say yes?
Can u go to a restaurant, a shop, department store, or a hotel & expect several/many/all things for FREE?

This is a FREE Thread. there is the Private, PAID Forum for those interested. What's wrong with that??
Very few things in life are free. I believe this thread is 1 of the best FREE things. I believe the PF is of a higher quality than this thread so, to me, it's only fair that someone interested pay for it. I believe the PF gives High Quality education at a very reasonable price.

btw, I am not a member of the Private Forum...... yet.
  • #36,885
  • Jul 9, 2009 8:49am Jul 9, 2009 8:49am
Quoting Clode
Hi Verno,

May I ask you which platform are you using?..
I see it has 2H bars which I like..

Clode
This is actually a website called www.dailyfx.com I use the chartstation on it. I use this because I can access it from work and keep a chart in the background. The bad news is that it doesn't let you save charts and analysis so you have to keep a separate tally or use another feed.

Verno
  • #36,886
  • Jul 9, 2009 8:53am Jul 9, 2009 8:53am
Quoting verno
This is actually a website called www.dailyfx.com I use the chartstation on it. I use this because I can access it from work and keep a chart in the background. The bad news is that it doesn't let you save charts and analysis so you have to keep a separate tally or use another feed.

Verno
Thanks !!!
  • #36,887
  • Edited 9:08am Jul 9, 2009 9:07am | Edited 9:08am
Hi T.E.Lawrence

Your point is understandable given the number of scammers in this business. However; after having read this entire thread I would say that there is almost no mention of the private thread in a manner that pushes forum members towards the private forum. If you search the thread for the $129 figure, you will find that in 36890 posts it is barley mentioned. James starts out with excellent advice and even implores people to not believe him but to try the method themselves first using a demo account. The only reason the private forum is mentioned one page on is because it was added later. Many new traders ask for a summary view of the information in this and other threads. Surely the effort to turn the information into a single point of reference and to ask for payment is not in any way offensive. In my opinion most of the information is in this thread. If you want a summary, pay a one off 129 and suck the life out of it. I know many have done so and most believe that it was worth it. Another trader here on FF CW on the Silent Service thread uses some of James16s methods along with his own twist. CW posted that he was a member of the PF for 4 months and he believed it was worth it. CW runs the silent service thread and is a successful trader. I believe James16 and his Private Thread founders are builders. They are building something worthwhile. Let’s not bash them for doing what most of us would probably do if we became as successful.
Please don’t be offended by my post. They are simply my observations after having read and experienced the entire thread. Such a read is frustrating due to the desire for instant knowledge but in the end it’s worth it.

To all of you loyal followers of this thread I apologise for the length of this post, my first on this thread. I have been lurking and reading as many of the ff threads possible. (busy trying to learn) and I thank you all for your insight effort and knowledge and of course a big thank you James16.

C…
  • #36,888
  • Jul 9, 2009 9:10am Jul 9, 2009 9:10am
Quoting StoragePro
To aid in paying for the website....



All true, perfect perspective. I am entering my 13 month (and now free) at James16 and I have never had better teachers or a better internet community. Best $1548 I've ever spent...including 9 years of college education!
  • #36,889
  • Jul 9, 2009 9:20am Jul 9, 2009 9:20am
James in no way has to justify ANYTHING to you - come on here say you are not attacking yet you make judgments based on reading ONE page ???
Are you serious !
  • #36,890
  • Edited 9:44am Jul 9, 2009 9:30am | Edited 9:44am
Hello everyone, I've been lurking around for a few months trying to learn PA as you guys all teach it. It's amazing how much information is in this thread and I'd like to thank James16 and all the senior members for their knowledge and helpful hand.

I havn't gone through the whole thread yet, but I must have read the first 150 pages at least 3 times. I couldn't find anything on a IPB, so I just have a quick question, what does IPB stand for? I'm taking a stab at it and saying inside? inverted? pin bar?

Thank you,

Ghetto
  • #36,891
  • Jul 9, 2009 9:52am Jul 9, 2009 9:52am
Quoting Ghettobuddha
Hello everyone, I've been lurking around for a few months trying to learn PA as you guys all teach it. It's amazing how much information is in this thread and I'd like to thank James16 and all the senior members for their knowledge and helpful hand.

I havn't gone through the whole thread yet, but I must have read the first 150 pages at least 3 times. I couldn't find anything on a IPB, so I just have a quick question, what does IPB stand for? I'm taking a stab at it and saying inside? inverted? pin bar?

Thank you,

Ghetto
Hey Ghetto Welcome

This is not an actual James16 bar, I think this is ghous' thing he has been playing with. I believe it is inside pinbar, or inverted pin maybe yeah

Mike
  • #36,892
  • Jul 9, 2009 10:03am Jul 9, 2009 10:03am
The site is worth it just for 1hr of Mike's time, I know if you asked me to teach you I would charge well over $1,000 a hour if I would even do it but I post lots of info here for free so go figure that out

Also back to 4hr, 1hr is too much work
Keep taking CT trades, I need more money
  • #36,893
  • Jul 9, 2009 10:11am Jul 9, 2009 10:11am
Quote
Hey Ghetto Welcome
This is not an actual James16 bar, I think this is ghous' thing he has been playing with....

Ghettobuddha,
Welcome!...
It's Inverted PB. go check out ghous' posts to learn more.



Area51,
Welcome too!
  • #36,894
  • Jul 9, 2009 10:11am Jul 9, 2009 10:11am
Hey guys-

I was thinking about somethings that that Bob fellow and Ryan said the other day about trend trading. Basically, why go counter trend and try to get the harder pips when you can buy the pullbacks/sell the rallies sort of thing. Anyway, my memory isn't too sharp this morning so I apologize if I've misspoken.

Anyway, this is a Cad setup I'm looking at on the H4. I KNOW we still have 45 minutes to go before the bar closes; that's not the point. If this bar was "officially" closed, would this be a reasonable trade setup?

Here is what I'm seeing:

- Bar is with the overall trend - Good
- Bar is off a rising trend line - Good
- Size of bar is good, very strong bullish bar - Good
- Definitely some traffic - Not good

However the traffic thing seems not to apply to often to those situations where price is trending. I know some may disagree but this is an observation of mine.

Anyway, I just noticed that the bar got significantly larger while I was composing this post. Let's see what happens.
Attached Image (click to enlarge)
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  • #36,895
  • Jul 9, 2009 10:21am Jul 9, 2009 10:21am
Quoting billye
why not draw a horizontal channel ranging 1.145-1.165?
Reason is because price is trending upwards. It is making higher highs and higher lows with the exception of the last low which went down to the same level or slightly below it's previous low. It is congested a bit but if you look at the current H4 bar, you'll see how it reacted off the trend line.
  • #36,896
  • Jul 9, 2009 10:30am Jul 9, 2009 10:30am
Quoting G550
Hey guys-

I was thinking about somethings that that Bob fellow and Ryan said the other day about trend trading....
My favorite trades are with the trend, just not in as much traffic as you talked about here. It can make the ride bumpy even to a final target which can be hard on the old brain

Material can be interpreted whichever way YOU find comfortable. The question is how will you manage this trade once in it. That is the key.

Best
Mike
  • #36,897
  • Jul 9, 2009 10:32am Jul 9, 2009 10:32am
Thank you mike and supreme,

I feel like an idiot... if i read back a few posts he talked about it 2 days ago .... lol Funny thing is, I read up on all the posts until friday July 3rd. But we had a black out from mon until last night, so i skipped the last 3 days of posts. Ok.... back to reading... thanks again =)
  • #36,898
  • Jul 9, 2009 10:34am Jul 9, 2009 10:34am
Quoting Ghettobuddha
Thank you mike and supreme,

I feel like an idiot... if i read back a few posts he talked about it 2 days ago .... lol Funny thing is, I read up on all the posts until friday July 3rd. But we had a black out from mon until last night, so i skipped the last 3 days of posts. Ok.... back to reading... thanks again =)
it's a task in itself to keep up with new posts. My hats off to you new guys/gals who have to tackle this thread from post 1. It has gotten much larger since back in the day. But it is still worth it
  • #36,899
  • Jul 9, 2009 10:40am Jul 9, 2009 10:40am
Some hints on what I do now on the 4hr, to me it's all about getting a long term winner when we have a trend. I posted a few days ago that it looks like we are starting to trend again and we did. Here is a chart of one of the treades that I am currently in and how I played it. Also I used the 1hr last night to try to get a better fill but that takes too much time and is really not worth it to me so it's 4hr only for add'ins on a trade....

Also Most ppl look for the huge pins, I look for the small ones due to not needing a huge move to make money due to trading %R, I like the top of the pin to high the last 2-3 bars high/low
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 105 KB
Keep taking CT trades, I need more money
  • #36,900
  • Jul 9, 2009 10:48am Jul 9, 2009 10:48am
Quoting Ryanmcd
Some hints on what I do now on the 4hr, to me it's all about getting a long term winner when we have a trend. I posted a few days ago that it looks like we are starting to trend again and we did. Here is a chart of one of the treades that I am currently in and how I played it. Also I used the 1hr last night to try to get a better fill but that takes too much time and is really not worth it to me so it's 4hr only for add'ins on a trade....

Also Most ppl look for the huge pins, I look for the small ones due to not needing a huge move to make money...
Excellent post mate!! Thats having a plan for you. The same plan that kept you out of that dodgy bullish pin that came a few bars before. nice
jon
PATIENCE... DISCIPLINE
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