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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

  • #36,941
  • Jul 9, 2009 2:03pm Jul 9, 2009 2:03pm
I love small bars.
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  • #36,942
  • Jul 9, 2009 2:12pm Jul 9, 2009 2:12pm
I was looking for something like that on the ej. Little too late in the day now.
I took this scpb this morning.
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  • #36,943
  • Jul 9, 2009 2:13pm Jul 9, 2009 2:13pm
Quoting T.E.Lawrence
I like that.
I'll share a little bit - I am in a boring as hell all day long meeting at my 'day job'. (Hey - I can afford the luxury of trading the 4hr bars around here...)

A long while ago I spotted FF, TSD, Elite Trader and a few other places. FF clearly was a better place. I trolled the different threads, focusing on the highly rated indicator systems (Indicators must work, after all, why else would they be there?) Demo'd, failed. Demo'd won a bit with one particular approach, but it was not to my liking at all.

Stumbled into this thread and was - put off - by the confidence shown by Jim and a few others. Who the hell is he?? Off to better climes and more failed approaches and learning one thing - trading successfully is way too hard and only a lucky few can do it.

Back to J16 thread, and I started to actually study it because I discovered that the foundations are taught here. Then the Private Forum opened. SCAM.. I just knew it. There is always a catch. I stood aside for one year watching, listening, examining. What I wanted most was a good place to learn. I learned much on the public forum, and after a year, I dipped my toe in on the private forum, and stayed. (Check out the public videos there - they are very good, but no where near the best)

Bemac spoke it very well. You'll never get it cleaner than right here.

I am an old hand on the internet. I used it in the earliest days. I was on USENET, BITNET, DARPA, ARPANET and a few others. (Did you know that at one time, DARPA's backup network was the Holiday Inn's network? Just one of those oddities)

I've been around, trust me on this - the Internet is the dirtiest, most dangerous place imaginable. It is filled with frauds and charlatans.

But we need to act like Diamond Miners. Diamond miners sift tons of dirt and muck looking for a few shining stones.

So sift away. It is the smart thing to do. Always.

Back to the charts - errrr... meeting.
I'm pretty much done with all this ...
  • #36,944
  • Jul 9, 2009 2:13pm Jul 9, 2009 2:13pm
Quoting bakko85
Ok, still about 3h to close of my daily but i'd like to hear what you think guys.
Here we've a possible pin bar formation.

I see a divergence on MACD, overall trend is up, see the trendline, 150EMA, strong PPZ.

But the pair is making lower highs.

Yes i also find it interesting, have book that one for next day. we can see what it will bring to as.

P.S lot of thanks to this thread users, have flowing for more than 3 month and getting better and better. Still not play with live just demoing all setups what i see.

Here is my point of view.
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  • #36,945
  • Jul 9, 2009 2:13pm Jul 9, 2009 2:13pm
I actually got a friend to sign up to the PF and 85% of it is beginners journals. It's basically the same as what's on here, and you get to watch 'after the move' videos.
Videos from Mike are more intelligent as he seems more clued up with Money Management. All what's on there can be found here and on other forums like T2Win for free. The reason why it's free after a year is simple (it's basic business planning)

1: It keeps subscribers keen to get to the 12 months.

2: It keeps numbers up.

Do I care that he does it? Nope, I think he's a brilliant marketer, rule number in business, get the customer to like you and to trust you then it's easier to sell to them.

I take my hat of to you James, I would love to get some marketing tips and do something simular 300 subscriptions @ $129 per month = $38,800 per month RISK FREE. What a guy, and all his subscribers sticking up for him, LOL.

Well done mate!

I'm going to be starting my own thread in the next 3 weeks,, I have a holiday to Bermuda first, it's been another good year.
Be and do the opposite to what people expect.
  • #36,946
  • Jul 9, 2009 2:18pm Jul 9, 2009 2:18pm
Quoting joebryce
I love small bars.
Hey Joe, Are you getting ready to Short here? Not sure I got your drift 100% correct but, according to Your Chart & My Perception, 1.3122 should be challenged.
currently @ 1.3047.
  • #36,947
  • Jul 9, 2009 2:18pm Jul 9, 2009 2:18pm
Quoting Bobstar

I take my hat of to you James, I would love to get some marketing tips and do something simular 300 subscriptions @ $129 per month = $38,800 per month RISK FREE. What a guy, and all his subscribers sticking up for him, LOL.
Risk Free....I think not
  • #36,948
  • Jul 9, 2009 2:21pm Jul 9, 2009 2:21pm
Quoting Bobstar
I actually got a friend to sign up to the PF and 85% of it is beginners journals. It's basically the same as what's on here, and you get to watch 'after the move' videos.
Videos from Mike are more intelligent as he seems more clued up with Money Management. All what's on there can be found here and on other forums like T2Win for free. The reason why it's free after a year is simple (it's basic business planning)

1: It keeps subscribers keen to get to the 12 months.

2: It keeps numbers up.

Do I care that he does it? Nope, I think he's a brilliant...

I have to LOL on this, even better that others do all the work for free Anyway 5min goodness today, was at home and wanted to see if I still had it..... I do
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Keep taking CT trades, I need more money
  • #36,949
  • Jul 9, 2009 2:22pm Jul 9, 2009 2:22pm
Quoting Bemac
Hey Joe, Are you getting ready to Short here? Not sure I got your drift 100% correct but, according to Your Chart & My Perception, 1.3122 should be challenged.
currently @ 1.3047.
No, just saw the bar form as I was reading the posts concerning scpb. lol. I am looking for an opportunity to go short if it presents itself . A nice small pin bar a little higher may have done it for me though. For now I'm watching....
  • #36,950
  • Jul 9, 2009 2:22pm Jul 9, 2009 2:22pm
There's no risk. I am really interested in going into business with James as I have advanced inside trading knowledge, I believe we could clean up.
James, PM me on your return, let's talk.
Be and do the opposite to what people expect.
  • #36,951
  • Jul 9, 2009 2:26pm Jul 9, 2009 2:26pm
Quoting Matiasfx
Actually i disagree with you. If im trading weekly or daily or even 4h, i don't look at the news at all, because all the past data i have backtested had the "news moves" into them.

Unless you have search for the old calendars with the dates of the old news and skip them also on the backtests, How can you be so sure that some of the best trades you took while backtesting where not caused when for example a PA formation was formed before a news release?? I think u can't.

If while backtesting i traded them and made money i will trade them also...
Hi Matias,
It's a personal choice thing I guess.
If I'm crossing a railway track and an approaching train sounds it's horn, I kinda like to stand aside until it's passed by, though I suppose things could be much more exciting if I entered 5 minutes before NFP's etc....!
It's always worth remembering; news moves charts, not vice-versa.
Cheers,
Mark.
  • #36,952
  • Jul 9, 2009 2:26pm Jul 9, 2009 2:26pm
Well with all that insider knowledge...lol (PA is the ultimate inside knowledge of where price is going) and the apparent ability to provide services and forums at no cost, not to mention the value of one's time....what do ya need Jim for. Seems you have it all figured out.
  • #36,953
  • Jul 9, 2009 2:26pm Jul 9, 2009 2:26pm
Quoting Bobstar
I actually got a friend to sign up to the PF and 85% of it is beginners journals. It's basically the same as what's on here, and you get to watch 'after the move' videos.
Videos from Mike are more intelligent as he seems more clued up with Money Management. All what's on there can be found here and on other forums like T2Win for free. The reason why it's free after a year is simple (it's basic business planning)

1: It keeps subscribers keen to get to the 12 months.

2: It keeps numbers up.

Do I care that he does it? Nope, I think he's a brilliant...
You speek like its a crime to make money. Who cares what he makes?? The fact is for each individual its a bargain at twice the price. Nothing wrong with selling a damn good product and a damn good servise for a CHEAP price imo!!??
looking forward to your thread bob, lets see if you can do any better. its easy to talk mate.
jon
PATIENCE... DISCIPLINE
  • #36,954
  • Jul 9, 2009 2:28pm Jul 9, 2009 2:28pm
This i also find interesting to look on after day candle close. Resistance come to support lets see how it will play. On the moment down move is not as comfortable as i could wish but still bee looking on that. Would be interesting to hear your options too.
Thanks
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  • #36,955
  • Jul 9, 2009 2:30pm Jul 9, 2009 2:30pm
Quoting Ryanmcd
I have to LOL on this, even better that others do all the work for free Anyway 5min goodness today, was at home and wanted to see if I still had it..... I do
Seems like you stopped scaling out of positions, right? I recently gave up scaling out and I feel so much better with my trading. There was too much thinking going on with scaling and then I started doubting my position once I started scaling. I would have been better off exiting the whole position at the location of my scale out.
  • #36,956
  • Jul 9, 2009 2:33pm Jul 9, 2009 2:33pm
Quoting ljr
I had an order in at 8625 which is just below the IB on my 4H chart. This has triggered now and it ran down to around 8585 as the BOE announcement came through.

I don't usually worry too much about the news but I have moved my stop to BE incase this reverse up quickly.
Turned out nice again, as George would say.
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  • #36,957
  • Jul 9, 2009 2:34pm Jul 9, 2009 2:34pm
Quoting Life of Pi_p
Seems like you stopped scaling out of positions, right? I recently gave up scaling out and I feel so much better with my trading. There was too much thinking going on with scaling and then I started doubting my position once I started scaling. I would have been better off exiting the whole position at the location of my scale out.

5min it's cut and dry, stop @ cost when it's 1:1, out of full position once you get 1:2.
Keep taking CT trades, I need more money
  • #36,958
  • Jul 9, 2009 2:41pm Jul 9, 2009 2:41pm
Quoting Bemac
Hey Joe, Are you getting ready to Short here? Not sure I got your drift 100% correct but, according to Your Chart & My Perception, 1.3122 should be challenged.
currently @ 1.3047.
Alright Bemac I bite...can you share a few cryptic words regarding your perception and why 1.3122...should give me something to think about for awhile.

Hard to do tone online. I often wonder just what in the world you are trying to say. I hear good stuff but my mind sometimes does not understand. I imagine that can provide some of the best learning....if I ever figure it out
  • #36,959
  • Jul 9, 2009 2:45pm Jul 9, 2009 2:45pm
Quoting Ryanmcd
I have to LOL on this, even better that others do all the work for free Anyway 5min goodness today, was at home and wanted to see if I still had it..... I do
Nice, I don't get the third one though, isn't that a bearish hammer? Maybe not, I usually just ignores hammers, don't understand them.
  • #36,960
  • Jul 9, 2009 2:52pm Jul 9, 2009 2:52pm
Quoting Bobstar
I actually got a friend to sign up to the PF and 85% of it is beginners journals. It's basically the same as what's on here, and you get to watch 'after the move' videos.
Videos from Mike are more intelligent as he seems more clued up with Money Management. All what's on there can be found here and on other forums like T2Win for free. The reason why it's free after a year is simple (it's basic business planning)

1: It keeps subscribers keen to get to the 12 months.

2: It keeps numbers up.

Do I care that he does it? Nope, I think he's a brilliant...


These thoughts you couldn't keep to yourself?
Jealousy......greeds ugly sister.
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