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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

  • #38,321
  • Jul 21, 2009 10:37pm Jul 21, 2009 10:37pm
Quoting jarroo
Momentum building maybe?

or a possible Breakout PullBack . . .maybe to much form fitting.
lack of follow through always gets my attention. I would still be biased with that big beob thinking short, but once that high is taken out, that shows a good deal of strength until proven otherwise. I am in full attention mode.
  • #38,322
  • Jul 21, 2009 10:46pm Jul 21, 2009 10:46pm
Quoting mbqb11
lack of follow through always gets my attention. I would still be biased with that big beob thinking short, but once that high is taken out, that shows a good deal of strength until proven otherwise. I am in full attention mode.
Also note that this pattern happened all across the board in multiple pairs and none of them came through yet.

full attention mode [/on]
  • #38,323
  • Jul 21, 2009 10:47pm Jul 21, 2009 10:47pm
thanks white.

thats very kind of you.

Quoting whitegoodman
there is a guest section with some excellent webinars
  • #38,324
  • Jul 21, 2009 10:48pm Jul 21, 2009 10:48pm
Quoting CkM8
Also note that this pattern happened all across the board in multiple pairs and none of them came through yet.

full attention mode [/on]
yes very observant, and I made the same observations. Stand tall
  • #38,325
  • Edited 11:55pm Jul 21, 2009 10:59pm | Edited 11:55pm
jimboo,
again, james16 pf guest section here

Quote
yes very observant, and I made the same observations. Stand tall
mbqb11,
"the moves" will commence probably in a few minutes, hours.
  • #38,326
  • Jul 21, 2009 11:32pm Jul 21, 2009 11:32pm
Quoting supremeChaos

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.
Does this make any practical changes to the thread visitors?

Cheers
  • #38,327
  • Jul 21, 2009 11:46pm Jul 21, 2009 11:46pm
Quoting kk007
Does this make any practical changes to the thread visitors?

Cheers
Not at all. They're just reorganizing the forum
  • #38,328
  • Jul 21, 2009 11:52pm Jul 21, 2009 11:52pm
kk007,
there seems to be none.
Anyway, for updates, read the sticky in the commercial section
...FYI.
  • #38,329
  • Jul 22, 2009 12:04am Jul 22, 2009 12:04am
No practical changes. Cheers!
  • #38,330
  • Jul 22, 2009 1:20am Jul 22, 2009 1:20am
Quoting kk007
No practical changes. Cheers!
Wait until the scammers and spammers start posting here, as this is in with the other commercial threads.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,331
  • Jul 22, 2009 1:35am Jul 22, 2009 1:35am
tac,
good, long-standing threads have good, long-standing guards....
WE all are & on stand-by....
  • #38,332
  • Jul 22, 2009 1:46am Jul 22, 2009 1:46am
Quoting supremeChaos
tac,
good, long-standing threads have good, long-standing guards....
WE all are & on stand-by....
Haha! Sure...



If only I could do that alone for a 100 years from now to pay back maybe 1% of what James ad other seniors here have given me up till today.

Ghous.
I believe . . .
  • #38,333
  • Jul 22, 2009 1:49am Jul 22, 2009 1:49am
Doesn't get any clearer than this.
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Never underestimate an idiot.
  • #38,334
  • Jul 22, 2009 1:58am Jul 22, 2009 1:58am
Quoting supremeChaos
tac,
good, long-standing threads have good, long-standing guards....
WE all are & on stand-by....
Good stuff, this thread is worth its weight in gold (if you printed out every chart). so much so I've downloaded the whole thread including all attachments using HTTrack. It took a few hours, there 2000+ pages and 11,000+ attatchments, but I plan to read it on holiday next week on my IPhone (offline due to costs).

I agree with the last posts about time is one things we have on our sides. In 6/12 months time you could be have saved 10k say to start trading the dailies and have 1 years demo with hopefully profitable months to show and give confidence when you go live. Then another 6/12 months you could add the same again whilst building your account setting you up with a decent account size and excellent experience.

Keep the chin up

Tac
I hear and I forget. I see and I remember. I do and I understand.
  • #38,335
  • Jul 22, 2009 2:02am Jul 22, 2009 2:02am
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
Another BEOB knocking on the 84 level... Just closed. Would allow for much smaller stop if that is what you're in to...but why did it bounce off 84 again
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  • #38,336
  • Jul 22, 2009 2:03am Jul 22, 2009 2:03am
Quoting tac
Thanks Jim, Its all there on page 1 as you say, I just find it hard to be motivated playing 1 cent a pip, whats the point. I would rather see demo money and save as you said. I suppose the amounts are a personal thing but to make me take the trade seriously then I would want to trading a 1/2 to 1 standard lot on daily .
I think thats the problem....to be successful it seems like you have to wait for the best setups which only come around rarely and if you only have a small account then you're only going to make a small amount of money on each trade.
So if you end up doing say 1 trade per week then thats hardly any profit. It seems like its only worth using this method if you have a large account so that you can wait for the perfect setups in the knowledge that each trade will net you hundreds or thousands.
So maybe its the case that success with this method will only come to those who are already rich, kind of depressing really.
  • #38,337
  • Jul 22, 2009 2:16am Jul 22, 2009 2:16am
Quoting bfd
[size=2]I think thats the problem....to be successful it seems like you have to wait for the best setups which only come around rarely and if you only have a small account then you're only going to make a small amount of money on each trade.
So if you end up doing say 1 trade per week then thats hardly any profit. It seems like its only worth using this method if you have a large account so that you can wait for the perfect setups in the knowledge that each trade will net you hundreds or thousands.
So maybe its the case that success with this method...
I have also found that I only get maybe 1-2 daily/weekly trades per week. But once you are able to prove yourself successful on these longer timeframes, then you are able to start demoing shorter timeframes, where more signals show up as well as higher R:R potential.

But each must first prove it and practice on daily/weekly, where strong signals simply jump out of your screen and (seemingly) onto this thread!

Patience. Discipline. Commitment. Direction. Sacrifice. Will. Determination. Dedication. Persistence. Passion. These are words I focus on on my path to reach my goals.


Josh
  • #38,338
  • Jul 22, 2009 2:22am Jul 22, 2009 2:22am
tac,
thanks. www.httrack.com correct?

yes, like many here, i am constantly copying/saving charts of the seasoned traders here.



Quote
I think thats the problem....to be successful it seems like you have to wait for the best setups which only come around rarely and if you only have a small account then you're only going to make a small amount of money on each trade.
So if you end up doing say 1 trade per week then thats hardly any profit.....
bfd,
On the contrary, that's the solution, not the problem.
& not all trades produce 10-30pips. some "once a week" trades can produce 40-100+ pips.
We all have to start from something, right....
& btw, profits are relative. (depending on your personal circumstance) as i've mentioned before, $200-500 monthly profit is good/very good enough within my country, while in your country it could be $2000-5000.

Quote
So maybe its the case that success with this method will only come to those who are already rich, kind of depressing really
IF this is true, then it really is depressing.
but since it's not true, have-nots like me & many others around the world have a shot at this thing we call success/Financial Freedom. the only difference is that have-nots like me (via a small account) will have to endure a more laborious journey (towards success; but again stressing profits are relative) than those with an average/fairly-large account.

Do not despair, your destiny is all within your hands.
  • #38,339
  • Jul 22, 2009 2:27am Jul 22, 2009 2:27am
Quoting Jduester
Another BEOB knocking on the 84 level... Just closed. Would allow for much smaller stop if that is what you're in to...but why did it bounce off 84 again
they along with some $ crosses are struggling for momentum...still...
I believe . . .
  • #38,340
  • Jul 22, 2009 2:28am Jul 22, 2009 2:28am
I entered long in GU. Entery was based on 1h.

I am anticipating this sHs.
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