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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

  • #38,101
  • Edited 2:16pm Jul 20, 2009 1:55pm | Edited 2:16pm
Quoting tac
I think Ryan mentioned he only paid 25%, you must expect to pay something, you get what you pay for at the end of the day.

Here is another chart GBP/CAD, 2 day pin bar on daily potentially. Seems to be in a nice area and swing low, with space to the left.

Tac
yes, I'm nursing a GBPCAD short from 1.8640, so I have to be careful here...I may have to cover. At least this will close as you said... a 2 day PB. We may even get a BUOVB sitting above the 150ema and weekly support @ 1.8245 on close...if so...I'll stop and reverse... on break...

GregB
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  • #38,102
  • Jul 20, 2009 2:15pm Jul 20, 2009 2:15pm
Quoting batesmotel
yes, I'm nursing a GBPCAD short from 1.8640, so I have to be careful here...I may have to cover. At least this will close as you said... a 2 day PB...at best, we may even get a BUOVB sitting above the 150ema and weekly support @ 1.8245 on close...if so...I'll stop and reverse... on break...

GregB
Nice charts, looks like a lightsaber battle between a bunch of jedis! just kidding charts look good. Do you trade with ProRealtime? Ive never used them.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,103
  • Jul 20, 2009 2:24pm Jul 20, 2009 2:24pm
Quoting tac
Nice charts, looks like a lightsaber battle between a bunch of jedis! just kidding charts look good. Do you trade with ProRealtime? Ive never used them.
Good one! lol...no, it is just a data feed with lots of bells and whistles. The part I like about it, is that it calculates some very accurate S&R levels and TL's for me, so I don't have to manually go over every chart and put them in myself...allows me to concentrate more on the PA or price patterns setting up.

I use Oanda, FXCM and MBT to trade...oh...and if I'm really desperate I have a tiny IBFX account as well.

GregB
  • #38,104
  • Jul 20, 2009 2:31pm Jul 20, 2009 2:31pm
Quoting NateTheGreat
Sorry for the big pic.. how do i go about attaching a thumbnail so its not obnoxiously large? heh
lol...when you save your pic, make sure you don't save it with too many pixels...800X600 is a pretty decent number to set it at.

GregB
  • #38,105
  • Jul 20, 2009 2:53pm Jul 20, 2009 2:53pm
Quoting jimboo
Well said, bravo! But not if you're MR Ryan, he says that any of these Tax free places are third world, LOL. He would sooner give nearly half away to Mr Taxman to pay for nice big Pensions for the Obamas, he's such a nice guy!

Here's a thank you from the man himself, listen carefully...."And i would like to thank all those who could live in a Tax free haven but decide to stay and pay high Taxes!"

http://www.cnbc.com/id/15840232?video=1188755180&play=1

I guess everyone in the US is stupid for paying the taxes... Funny thing is it's the same people HELPING you to learn how to trade. Keep bashing the people that help and see how far that gets you.
Keep taking CT trades, I need more money
  • #38,106
  • Jul 20, 2009 2:59pm Jul 20, 2009 2:59pm
Quoting Ryanmcd
I guess everyone in the US is stupid for paying the taxes... Funny thing is it's the same people HELPING you to learn how to trade. Keep bashing the people that help and see how far that gets you.
Perhaps you may want to pick up a copy of the book "The Creature from Jekyll Island" by G. Edward Griffin...then you will see where your hard earned tax dollars are really going...Just a suggestion...

GregB
  • #38,107
  • Jul 20, 2009 3:04pm Jul 20, 2009 3:04pm
Quoting batesmotel
Perhaps you may want to pick up a copy of the book "The Creature from Jekyll Island" by G. Edward Griffin...then you will really see where your hard earned tax dollars are going to...Just a suggestion...

GregB

lol, I know about the fed. I love how everyone bashes the US that lives somewhere else. I don't want this to turn into a why the US sucks and if it gets that way I will take my 500k a year dumb tax paying ass somewhere else and let all the smart one's learn to trade the market that live is a better place then the US.
Keep taking CT trades, I need more money
  • #38,108
  • Jul 20, 2009 3:06pm Jul 20, 2009 3:06pm
Quoting Ryanmcd
I guess everyone in the US is stupid for paying the taxes... Funny thing is it's the same people HELPING you to learn how to trade. Keep bashing the people that help and see how far that gets you.
Sorry for tossing some grist into the mill Ryan... did not mean to.
I'm pretty much done with all this ...
  • #38,109
  • Jul 20, 2009 3:09pm Jul 20, 2009 3:09pm
Chart!
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  • #38,110
  • Jul 20, 2009 3:10pm Jul 20, 2009 3:10pm
Quoting batesmotel
Good one! lol...no, it is just a data feed with lots of bells and whistles. The part I like about it, is that it calculates some very accurate S&R levels and TL's for me, so I don't have to manually go over every chart and put them in myself...allows me to concentrate more on the PA or price patterns setting up.

I use Oanda, FXCM and MBT to trade...oh...and if I'm really desperate I have a tiny IBFX account as well.

GregB
I tried it out quickly, it has an amazing number of instruments! And its java so can be accessed anywhere. I like that fact you can look do n day bars and it draws Horizontal S/R for you, and you can color code major minor and also shows on the axis which TF it came from!!! . How did I miss this!
I hear and I forget. I see and I remember. I do and I understand.
  • #38,111
  • Jul 20, 2009 3:13pm Jul 20, 2009 3:13pm
Quoting Ryanmcd
lol, I know about the fed. I love how everyone bashes the US that lives somewhere else. I don't want this to turn into a why the US sucks and if it gets that way I will take my 500k a year dumb tax paying ass somewhere else and let all the smart one's learn to trade the market that live is a better place then the US.
I don't really want to get into a debate...and I wasn't knocking the USA...the FED learned everything they know from the Bank of England....and up here in Canada, it ain't much better....

I'm just saying, that when you know the truth of what is going on in the elite upper levels and how they work....you may be singing a different tune than you are right now...

But, hey....if your happy with the system....that's cool....All the more power to ya...

GregB
  • #38,112
  • Jul 20, 2009 3:26pm Jul 20, 2009 3:26pm
Quoting tac
I tried it out quickly, it has an amazing number of instruments! And its java so can be accessed anywhere. I like that fact you can look do n day bars and it draws Horizontal S/R for you, and you can color code major minor and also shows on the axis which TF it came from!!! . How did I miss this!
It is nice isn't it? If you want it in real time it unfortunately cost you like $50 monthly...something like that, depending on your plan....but it is free for daily charts and up....

GregB
  • #38,113
  • Jul 20, 2009 3:33pm Jul 20, 2009 3:33pm
Quoting batesmotel
It is nice isn't it? If you want it in real time it unfortunately cost you like $50 monthly...something like that, depending on your plan....but it is free for daily charts and up....

GregB
Not bad effort, pity the data only goes back a few years, other wise I would think about switching.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,114
  • Jul 20, 2009 3:39pm Jul 20, 2009 3:39pm
Quoting batesmotel
I don't really want to get into a debate...and I wasn't knocking the USA...the FED learned everything they know from the Bank of England....and up here in Canada, it ain't much better....

I'm just saying, that when you know the truth of what is going on in the elite upper levels and how they work....you may be singing a different tune than you are right now...

But, hey....if your happy with the system....that's cool....All the more power to ya...

GregB
I don't want you to get into a debate either, not saying you are right/wrong, but there is a members lounge if you want to go talk about that sort of thing.

Keep on topic people, good ol' Price action

Thread back on track with my current EURUSD long.

I used to think trading was exciting and fun, now it's just plain old boring, same thing day in day out. Thanks to Jim and most of all Mike for making it that way for me heh.
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  • #38,115
  • Jul 20, 2009 3:42pm Jul 20, 2009 3:42pm
Quoting tac
Not bad effort, pity the data only goes back a few years, other wise I would think about switching.
I usually use metatrader if I want to go way back in time and when I'm looking for PA setups....When I find a PB or buovb ...I switch over and let the software do it's magic...then I can analyse all the possibilities for trading in the moment...I really like it....

GregB
  • #38,116
  • Jul 20, 2009 3:43pm Jul 20, 2009 3:43pm
Quoting Jigsaw
I don't want you to get into a debate either, not saying you are right/wrong, but there is a members lounge if you want to go talk about that sort of thing.

Keep on topic people, good ol' Price action

Thread back on track with my current EURUSD long.

I used to think trading was exciting and fun, now it's just plain old boring, same thing day in day out. Thanks to Jim and most of all Mike for making it that way for me heh.
i here where yur coming from bro..
good to u see still at it bro!

there are people out there saying price movements are random, jim has proved to me it definately isnt
  • #38,117
  • Jul 20, 2009 3:44pm Jul 20, 2009 3:44pm
Quoting Jigsaw
I don't want you to get into a debate either, not saying you are right/wrong, but there is a members lounge if you want to go talk about that sort of thing.

Keep on topic people, good ol' Price action

Thread back on track with my current EURUSD long.

I used to think trading was exciting and fun, now it's just plain old boring, same thing day in day out. Thanks to Jim and most of all Mike for making it that way for me heh.
Yes, you're right, debates like that are best kept for elsewhere...

GregB
  • #38,118
  • Jul 20, 2009 3:44pm Jul 20, 2009 3:44pm
Quoting batesmotel
I usually use metatrader if I want to go way back in time and when I'm looking for PA setups....When I find a PB or buovb ...I switch over and let the software do it's magic...then I can analyse all the possibilities for trading in the moment...I really like it....

GregB
Yeah its interesting, however I think I would prefer to find PPZ my self tbh, I think its a useful skill specially if you ever move down tf and need to spot them quickly. Thanks for that though.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,119
  • Jul 20, 2009 4:40pm Jul 20, 2009 4:40pm
Quoting Bones
Hi Jon it is a Hanging Man ,which is a reversal pattern.
[font=Calibri][size=3]Pattern Psychology...
thanx for making this clear Bones, nice one
"The longer the lower wick the higher the potential for reversal. "......this is something i hadnt thought about before either, makes good sense and gives a good way to measure the potential of the bar. The reason i see it as a more neutral bar though is as you say thr bulls havnt taken over by the time the bar closes so that would mean some confirmation is nesesary no?
where as a PB shows the bulls have control when the bar closes?? or am i missing something again??lol could you fill me in on this?
cheers n thanx for your post
jon??
PATIENCE... DISCIPLINE
  • #38,120
  • Jul 20, 2009 4:44pm Jul 20, 2009 4:44pm
Quoting tac
Yeah its interesting, however I think I would prefer to find PPZ my self tbh, I think its a useful skill specially if you ever move down tf and need to spot them quickly. Thanks for that though.
hey, no probs....whatever tools or skills that you acquire that make you the best trader that you can possibly be...well then, that's what you should use....

GregB
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