james16 Chart Thread | Page 1916 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #38,301
  • Jul 21, 2009 8:12pm Jul 21, 2009 8:12pm
Quoting james16
here is what i did.


2. towards the end of that 8 years i knew how to trade but the small account kept me over trading because i did not respect the amount a small move provided. in other words i would watch a win turn into a loss.
Jim -

does anyone ever get their mind right over a small start? I definitely see the problem people would run into over and over again.

Why is it that nearly everyone discounts the time element needed to get compounding to work? Time is the one commodity we all have *in abundance*, yet the very real thing is that we all seem to ignore it.

The impact of losses - no matter how small at the start are horrific in nature over time to the bottom line!
I'm pretty much done with all this ...
  • #38,302
  • Jul 21, 2009 8:29pm Jul 21, 2009 8:29pm
yes i know a couple.

one guy is an ex tax guy i know.

he is over 70 and i have known him a long time.

he started years ago with nothing playing covered calls.

thats what he still does to this day and he is very wealthy.

steady as a rock. if you want to get an idea of the personality type his name gives him away.

Norman Stemple

i changed his name just slightly.

yes he actually does carry pens in a pocket protector.

swear to god.

not many norman stemples here i would bet.

Quoting StoragePro
Jim -

does anyone ever get their mind right over a small start? I definitely see the problem people would run into over and over again.

Why is it that nearly everyone discounts the time element needed to get compounding to work? Time is the one commodity we all have *in abundance*, yet the very real thing is that we all seem to ignore it.

The impact of losses - no matter how small at the start are horrific in nature over time to the bottom line!
  • #38,303
  • Jul 21, 2009 9:03pm Jul 21, 2009 9:03pm
Hi SP
Got any ideas for those of us who have'nt got time on our side, i.e. 60+ yrs old?
  • #38,304
  • Jul 21, 2009 9:04pm Jul 21, 2009 9:04pm
Quoting james16
yes i know a couple.


steady as a rock. if you want to get an idea of the personality type his name gives him away.

Norman Stemple

i changed his name just slightly.

yes he actually does carry pens in a pocket protector.

swear to god.

.

LOL!

Sounds like a new complement - "You are a real Norman Stemple!"
I'm pretty much done with all this ...
  • #38,305
  • Jul 21, 2009 9:04pm Jul 21, 2009 9:04pm
I believe but.... where's the bathroom?

Quoting StoragePro
But for those who get there, the VIEW is terrific...
  • #38,306
  • Jul 21, 2009 9:05pm Jul 21, 2009 9:05pm
Quoting Im4age
Hi SP
Got any ideas for those of us who have'nt got time on our side, i.e. 60+ yrs old?
Unless you are at death's door, you've got plenty. C'mon now.
I'm pretty much done with all this ...
  • #38,307
  • Jul 21, 2009 9:20pm Jul 21, 2009 9:20pm
Thank you SP
A positive and will succeed attitude I do have! As long as I'm fit enough to enjoy it before the kids find it.
  • #38,308
  • Jul 21, 2009 9:39pm Jul 21, 2009 9:39pm
I'm not sure on this one....but is interesting nevertheless...

Short GY on break of 2dayPB...Look for support trouble around 150.80 (perhaps take 1/2 off here) and most definitely move SL to BE at 148.82.

GregB

PS Still mulling this one over though....12 midnight EST will give close on this candle....
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_JPY Spot.png Size: 60 KB
  • #38,309
  • Jul 21, 2009 10:05pm Jul 21, 2009 10:05pm
Quoting raczekfx
many are waiting, few will be served...
.
Quoting StoragePro
But for those who get there, the VIEW is terrific...



Quoting cobraforex
I believe but.... where's the bathroom?
the bathroom is literally "in the air".... the chairs specially designed with holes in the middle to accommodate/facilitate any micturition from the "guests"
Glad to see u drop by, Sir


Quoting goldbird22
???
basically, he meant that many traders will wait for the right time (to take a trade) but only a few will take it &/or get to maximize the potential of that possible trade opportunity.
  • #38,310
  • Jul 21, 2009 10:25pm Jul 21, 2009 10:25pm
ikki,
nice eurjpy trade.
u took +15, but as u can see price hugged/touched the lower Bolli Band/walked theband lower bolli for a potential +/- 70 - 90pips total.
  • #38,311
  • Jul 21, 2009 10:35pm Jul 21, 2009 10:35pm
This is one of my favorite threads, I'm a happy lurker here.

Not to post doesn't mean that I don't read.

Have a great session SC


Quoting supremeChaos

the bathroom is literally "in the air".... the chairs specially designed with holes in the middle to accommodate/facilitate any micturition from the "guests"
Glad to see u drop by, Sir
  • #38,312
  • Jul 21, 2009 11:01pm Jul 21, 2009 11:01pm
Quote
This is one of my favorite threads, I'm a happy lurker here.
Very glad to hear that.
THV + J16 = 1 of the bombs

Quote
Not to post doesn't mean that I don't read.
Yes, yes




rsq955,
Sam the Fireman, in the house?

Really nice to have very fine lurkers these days..
  • #38,313
  • Jul 21, 2009 11:23pm Jul 21, 2009 11:23pm

FYI,
just now....
this thread has been moved to the all new Commercial Forums (beta) section.

Clockwork's thread was put back on, it seems a few hours earlier in that same section.
  • #38,314
  • Jul 21, 2009 11:58pm Jul 21, 2009 11:58pm
Quoting squeezy
thanks jarroo
i see wat u mean, the better the quality of pa, the more room u give to the trade...
when placing ur stop loss, do u add the spread to it...just curious
thnx
Yes, I usually add the spread.

Quoting PippingMama
Hello Jarroo,

The light blue area is your first TP area?

Will you use full bar stop on this trade or just the bar break stop?

Thanks!

PippingM
Once Price hit the 1st TP (blue) I will take half off and move to break even, most of the time.

1st half gave up about 30 pips and the BarBreak stop loss would be about -20 pips on the 2nd half. I may at times instead of moving to break even I will use the BarBreak when it still nets me positive pips, in this case it would have been a net 10 pips. That's if I got every inch of the move which is not likely.

The quality of this Usd/Jpy Daily PB was not an A+ setup by any means. So my approach, if I decided to take it, would be cautious and tight. I didn't take this trade (missed it) but it would have been a net zero to +10 pip trade.

Reducing my risk while giving the trade some room to run is what I like to achieve.

Jim
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #38,315
  • Jul 22, 2009 12:12am Jul 22, 2009 12:12am
Commercial section fits well actually as I did feel this thread was a selling platform from the Private subs site but didn't say anything because I saw how others who mentioned it were attacked. So I'm thinking now I need to sign up and see what it's all about?

Is there a free trial to have a looksy?
Just a boy playing with big bars.
  • #38,316
  • Jul 22, 2009 12:17am Jul 22, 2009 12:17am
Hello! Thinking of this BEOVB on CADJPY - nice retrace of trendline, BEOVB at the swing top...
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_odl.gif Size: 14 KB
  • #38,317
  • Jul 22, 2009 12:22am Jul 22, 2009 12:22am
Quoting initex
Hello! Thinking of this BEOVB on CADJPY - nice retrace of trendline, BEOVB at the swing top...
I had been watching this huge BEOB but when the next bar didn't break my rules say to cancel. Still could be the Bar in play though. For now at least

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 12 KB
  • #38,318
  • Jul 22, 2009 12:28am Jul 22, 2009 12:28am
Quoting jimboo
Commercial section fits well actually as I did feel this thread was a selling platform from the Private subs site but didn't say anything because I saw how others who mentioned it were attacked. So I'm thinking now I need to sign up and see what it's all about?

Is there a free trial to have a looksy?
there is a guest section with some excellent webinars
Grabbing the bull by the horns!
  • #38,319
  • Jul 22, 2009 12:29am Jul 22, 2009 12:29am
Quoting initex
Hello! Thinking of this BEOVB on CADJPY - nice retrace of trendline, BEOVB at the swing top...
I don't really like the shape of that BEOB. The open and the close are too close together which makes it more of an indecision bar in my opinion.

But it is located in a sweet spot. 61.8% fib retracement, trendline and round number 85.00 cofluence
  • #38,320
  • Jul 22, 2009 12:35am Jul 22, 2009 12:35am
Quoting mbqb11
I had been watching this huge BEOB but when the next bar didn't break my rules say to cancel. Still could be the Bar in play though. For now at least

Mike
Momentum building maybe?

or a possible Breakout PullBack . . .maybe to much form fitting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cjapw.gif Size: 21 KB
Click to Enlarge Name: cjapd.gif Size: 24 KB
Indicators show the past. Price Action "Indicates" the future.
57 traders viewing now