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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

  • #481
  • Nov 4, 2005 1:18pm Nov 4, 2005 1:18pm
Quoting habeeb
I think you guys got away with it today. That is not a BEOVB. From my understanding, the body (open and close) of the second bar has to engulf the body of the first, thus, the close of the second bar has to be lower than the open of the first.

Have a lekker weekend
Habeeb
You're absolutely right, Habeeb. This is not a BEOVB and thanks for pointing it out.
I took the trade because of nonefarm data being released next day and was 'gambling' on GBP\USD to drift lower until that time.

have a great weekend and big pips next week

Mark
  • #482
  • Nov 5, 2005 11:42pm Nov 5, 2005 11:42pm
James,
This is my first post, but I had to tell you how gratefull i am! I have just spent all weekend going through this thread and am blown away by the potential of what you and others have to offer. I, like many others have spent a lot of time and money in trying to get our trading to a higher plane and its great to see people like yourself and Diallist who are willing to contibute their time in teaching others at a reasonable cost. I am a great fan of Fib levels and as these appear to be a significant factor in your methodoligy, I can't wait for the course to start. As I live in Australia i was worried at first that it would not be suitable due to the time differences, but I see from a previos posting that you have taken this into account in your development. Thank you.
Regards and best wishes to all.
Cymru
  • #483
  • Nov 6, 2005 12:05am Nov 6, 2005 12:05am
Quoting Cymru
James,
This is my first post, but I had to tell you how gratefull i am! I have just spent all weekend going through this thread and am blown away by the potential of what you and others have to offer. I, like many others have spent a lot of time and money in trying to get our trading to a higher plane and its great to see people like yourself and Diallist who are willing to contibute their time in teaching others at a reasonable cost. I am a great fan of Fib levels and as these appear to be a significant factor in your methodoligy, I can't wait for the course to start. As I live in Australia i was worried at first that it would not be suitable due to the time differences, but I see from a previos posting that you have taken this into account in your development. Thank you.
Regards and best wishes to all.
Cymru
thanks, what i do is no big deal. what i have found however in the past six months is it is a big deal to new traders. i never cease to be amazed by the response to this thread. thanks again my southern hemisphere friend. jim
  • #484
  • Nov 7, 2005 5:08am Nov 7, 2005 5:08am
Great thread Jim -

Do you have any idea when the new venture will be launched ?- I am going on leave until the end of November and don't want to miss out on registration.
  • #485
  • Nov 7, 2005 5:27pm Nov 7, 2005 5:27pm
Quoting Ladybird
Great thread Jim -

Do you have any idea when the new venture will be launched ?- I am going on leave until the end of November and don't want to miss out on registration.
registration will be ongoing. no deadlines at all. with the late addition of charles i need to give him time to input his material. the system he will be following is not your everyday sytem and is taking him some time to get it the way he wants. this month for sure. jim
  • #486
  • Nov 7, 2005 5:39pm Nov 7, 2005 5:39pm
Jim,

Why not throw up a chart for the heck of it.

It is, after all, your chart thread

Jimmy
  • #487
  • Edited 5:53pm Nov 7, 2005 5:41pm | Edited 5:53pm
Quoting dangerman
Jim,

Why not throw up a chart for the heck of it.

It is, after all, your chart thread

Jimmy
you got it, here it comes.
Attached Image
  • #488
  • Nov 7, 2005 6:19pm Nov 7, 2005 6:19pm
Example Chart
Attached Image
  • #489
  • Nov 7, 2005 7:35pm Nov 7, 2005 7:35pm
excellentoooooooo. just one question james. i know it might matter from currency to currency...but how many pip difference, between the low and the close, should we consider for this method?

Quoting james16
Example Chart
and i grow...pip by pip.......pip by pip!!!!
  • #490
  • Nov 7, 2005 7:46pm Nov 7, 2005 7:46pm
Quoting gabroo_munda
excellentoooooooo. just one question james. i know it might matter from currency to currency...but how many pip difference, between the low and the close, should we consider for this method?
i like to see it in the top or bottom 10 percent of the bar. at a minimum 20 percent. you can figure this by looking at the total pip move of the entire bar. as always this should be used in conjunction with other tech analysis methods for more conservative traders. it also in my opinion should only be used on longer term charts. DO NOT play these on intraday charts unless or until you are experienced using thiese methods. jim
  • #491
  • Nov 8, 2005 6:46am Nov 8, 2005 6:46am
Hi, just some questions I have regarding the PF, how successful is the system that is to be taught in the PF? Has it been backtested, and over what period of time? How much effort is needed to successfully apply and implement it? can it be automated? if so, what platform, MT, VT, will there be live trades being placed as part of some online group conference/chat etc? what is the ongoing committment, what"s to stop someone signing up for 2 months learning all there is to know then cancelling their subscription?

just some nagging thoughts! happy trading!
Dan
  • #492
  • Nov 8, 2005 10:26am Nov 8, 2005 10:26am
hi james,
just reviewing this thread and noticing that most (if not all) of your analysis and examples are done after the fact..

it truely seems like an interesting method of trading/analysis and I am wondering if you could post some REALTIME examples of its application... ? i think this might be more helpfully to us who are trying to learn this.. as you said that was your intention in doing this.

to highlight past opportunities or examples and to demonstrate this technique with REAL TIME examples either before hand or while they unfold is 2 completely different things..

also what kind of cumulative results have you managed to achieve over the course of this this method and others to be taught at the PF (win/loss #'s etc ) ?? if we are to pay you for your time to explain, i think its fair to know what kind of results we can expect.

thanks and best regards..

ps.. regards the PF.. will there be a free trial ?, will the content be updated on a regular basis ?, and what is to stop someone from signing up then printing the PF material and cancelling their subscription ? TIA for your clarifications
  • #493
  • Nov 8, 2005 10:48am Nov 8, 2005 10:48am
As far as I understand it from reading through the posts to date, the PF is more of a teaching forum, there is not one trading "system" being taught, but James16's chart pattern methods along with confluences etc, and some "systems" by other contributors, along with Money Management etc by Fiji.

As already stated by James, there will be no reason why someone could not pay the first months subscription, print off the whole forum, and then not be seen again, though in some ways it would defeat the object as a lot of the teaching will be done on an ongoing basis.

As far as I know there won't be "live" calls as such, it's not meant to be a signal service.

That's my understanding anyway, please correct me if I'm wrong.
  • #494
  • Nov 8, 2005 11:18am Nov 8, 2005 11:18am
Quoting Trumpcard
Hi, just some questions I have regarding the PF, how successful is the system that is to be taught in the PF? Has it been backtested, and over what period of time? How much effort is needed to successfully apply and implement it? can it be automated? if so, what platform, MT, VT, will there be live trades being placed as part of some online group conference/chat etc? what is the ongoing committment, what"s to stop someone signing up for 2 months learning all there is to know then cancelling their subscription?

just some nagging thoughts! happy trading!
Dan
hello trumpcard, here is as honest as i can get

1. backtesting on charles system was done manually by its inventors, the results are unbelievable so i wont post them. i have said before that its not my intention to overhype the pf so i wont here even though you have given me a golden oppurtunity. i will be presenting some personal systems but my main focus will be teaching price action. shoot charles ( dialist) a pm and he might send you the actual results. i believe they run the past couple of years.

2. everything in the pf will require demo trading in my opinion to become good at them.

3. i see no reason why they could not be automated but there is some descretion in all of them.

4. there will absolutly be no live trading calls in the pf. the forum will be for teaching and educational purposes only. i dont want to go to jail or be fined by the authorities.

5. the ongoing commitment will be 99 bucks a month.

6. you can quit whenever you want, the whole purpose of the pf is to teach some really good and unusual stuff. i think most people would be better served to stick around longer than two months but you can print it and leave in 2 days if you want.

THE ENTIRE POINT OF THE PF IS TO HELP NOT TRY TO TAKE YOUR MONEY FOR NOTHING. ANYONE WHO SPENDS THE 99 BUCKS WILL SEE THIS IN ABOUT 2 SECONDS. thanks for your questions.
  • #495
  • Edited 11:32am Nov 8, 2005 11:29am | Edited 11:32am
hi, to clarify i am not expecting "live calls" per say.. but rather a REAL TIME application of the analysis methods James has been showing us.. as for as the PF being a "teaching forum" this is why I asked for some sence of results, experience in FX mkt, education level, etc.. as why would anyone pay someone to "teach" if they cannot demonstrate mastery of the technique themselves ??

WOULD YOU WANT TO LEARN TO SKYDIVE FROM SOMEONE WITHOUT A JUMP RECORD ? ... of course not.. which is why i am concerned about the apparent lack of documentation...(maybe its comming later ??) Hence my request for some clarification.

Is this really not a reasonable request ??

If helping traders improve is the motive of this PF, providing 100% transparency should not really be an issue.. should it ??

No offense, just trying to understand all this..

thanks
  • #496
  • Nov 8, 2005 11:33am Nov 8, 2005 11:33am
James,

Another PF question sorry, I'm currently studying Todd Mitchells course, which I got half price by the way!, he ran a special I think Todds course is great but I can see after only studying for a couple weeks its going to take at least a few months or longer with my schedule to get through his course. How would you compare the time required to start applying some of the techniques in the PF to Todds course? I'm thinking to join the forum now, start working Dials method to earn while I learn, what do you think?

By the way, when is the new baby arriving? Or did it already? My latest is 4 mos already and with a 3 yr also time is precious, both with them and without


Sam
  • #497
  • Nov 8, 2005 11:43am Nov 8, 2005 11:43am
Quoting james16
hello trumpcard, here is as honest as i can get

1. backtesting on charles system was done manually by its inventors, the results are unbelievable so i wont post them. i have said before that its not my intention to overhype the pf so i wont here even though you have given me a golden oppurtunity. i will be presenting some personal systems but my main focus will be teaching price action. shoot charles ( dialist) a pm and he might send you the actual results. i believe they run the past couple of years.

2. everything in the pf will require demo trading in my opinion to become good at them.

3. i see no reason why they could not be automated but there is some descretion in all of them.

4. there will absolutly be no live trading calls in the pf. the forum will be for teaching and educational purposes only. i dont want to go to jail or be fined by the authorities.

5. the ongoing commitment will be 99 bucks a month.

6. you can quit whenever you want, the whole purpose of the pf is to teach some really good and unusual stuff. i think most people would be better served to stick around longer than two months but you can print it and leave in 2 days if you want.

THE ENTIRE POINT OF THE PF IS TO HELP NOT TRY TO TAKE YOUR MONEY FOR NOTHING. ANYONE WHO SPENDS THE 99 BUCKS WILL SEE THIS IN ABOUT 2 SECONDS. thanks for your questions.
Hello James,

Thanks again for the great thread and upcoming pf.
I’m really looking forward to it.
Maybe I’m jumping ahead but I thought I’d ask anyway: are you guys considering payments via PayPal?
  • #498
  • Nov 8, 2005 11:46am Nov 8, 2005 11:46am
Quoting dsvt1
hi james,
just reviewing this thread and noticing that most (if not all) of your analysis and examples are done after the fact..

it truely seems like an interesting method of trading/analysis and I am wondering if you could post some REALTIME examples of its application... ? i think this might be more helpfully to us who are trying to learn this.. as you said that was your intention in doing this.

to highlight past opportunities or examples and to demonstrate this technique with REAL TIME examples either before hand or while they unfold is 2 completely different things..

also what kind of cumulative results have you managed to achieve over the course of this this method and others to be taught at the PF (win/loss #'s etc ) ?? if we are to pay you for your time to explain, i think its fair to know what kind of results we can expect.

thanks and best regards..

ps.. regards the PF.. will there be a free trial ?, will the content be updated on a regular basis ?, and what is to stop someone from signing up then printing the PF material and cancelling their subscription ? TIA for your clarifications
hello ds, good questions,

1. i have personally talked with attorneys at the cftc and the nfa. giving real time trading advice is against the law. in the PF we still wont be giving specefic trading entry advice but the teaching should allow you to implerment some very good and proven systems. everyone who joins the PF must agree to a disclaimer given to me by the nfa. i want to be honest and there is no way in hell i am going to get myself and my family in trouble.

2. i have no idea what kind of results you will obtain. how could i.

3. no free trial. how do i prevent people from printing months of hard work and twenty years of hard knocks and just walking away. nope, anyone who wishes can print it and walk away but its going to cost you 99 dollars to do it.

NOTE: i completely understand the reservations of people who dont know me very well like those that have been here for a long time. what i would suggest is wait for a month or so after the launch and see what people are saying. i mean geeez guys its 99 bucks. i have purchased 99 dollar e-books that dont contain 1 percent of the material in this forum. FINALLY, THIS IS NOT GOING TO BE AN ALERT SERVICE, it will be an educational websight where four seperate people will teach what they do. what you do with it is up to you. any and all trades you take as a result of the information taught will be totally and completly your responsibility. sometimes you win and sometimes you lose. we are trying to give new and unsuccesful taders a place to learn and get better at THIER OWN trading. thanks, jim
  • #499
  • Nov 8, 2005 11:52am Nov 8, 2005 11:52am
Quoting SamDan
James,

Another PF question sorry, I'm currently studying Todd Mitchells course, which I got half price by the way!, he ran a special I think Todds course is great but I can see after only studying for a couple weeks its going to take at least a few months or longer with my schedule to get through his course. How would you compare the time required to start applying some of the techniques in the PF to Todds course? I'm thinking to join the forum now, start working Dials method to earn while I learn, what do you think?

By the way, when is the new baby arriving? Or did it already? My latest is 4 mos already and with a 3 yr also time is precious, both with them and without


Sam
hello sam, yes todds course is very indepth. one of the great things about the PF is people can follow some of the easier systems to start. for those who want to stick around long term they will be rewarded with a better education as some of the stuff will require a longer learning curve. baby is due in 2 months. thanks for asking. jim
  • #500
  • Nov 9, 2005 4:52am Nov 9, 2005 4:52am
thread was split to http://www.forexfactory.com/forexfor...ead.php?t=3369.
Relax and be happy.
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