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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

  • #38,521
  • Jul 23, 2009 6:45am Jul 23, 2009 6:45am
Quoting Jigsaw
Where was your SL set there bro ?
77.45

Just above the bar high next to the IPB.

(the difference b/w my entry and the IPB high was just 5 odd pips, an SL above the IPB would have been too tight for a 1h IPB)

Ghous.
I believe . . .
  • #38,522
  • Jul 23, 2009 6:53am Jul 23, 2009 6:53am
Quoting nasir.khan
As i am looking at your chart i can see MACD if you are using it in any way why dont you try it like this. I am not luring you towards Indicators but when you will enter the trade you will have more peace of mind having taken a look.
I would not question the approach Nasir,

There are a lot more things that do work besides Nel's 4H macd, how abt adding them too? Or rather why should I exclude them?

Because changing a winning combination is more stupid than it sounds...

You might be using it as an additional source of confluence if you're comfortable with it but I along with several others here feel very strongly abt keeping it as simple as possible...

The less I go into additional tools besides PA and horizontal supp/res levels the better it get's for me...

Aqain not a hard and fast rule but something which works for me and may not do so for somebody else...and I am saying this because I have discovered myself over the years which is probably the best favor I ever did for myself.

All the best bro,

Ghous.
I believe . . .
  • #38,523
  • Jul 23, 2009 6:55am Jul 23, 2009 6:55am
Quoting batesmotel
Well My audusd flag break is working....perhaps this daily bear flag on EURGBP will bear fruit also. There is a nice double top with a mediocre evening star PA or 3 day bearish PB. But admittedly, the AUDUSD had a nice weekly buovb PA, whereas this weekly only has an IB...

GregB
What parameters determine width of those shadows with trend lines?
  • #38,524
  • Edited 7:09am Jul 23, 2009 6:58am | Edited 7:09am
Quoting nasir.khan
What parameters determine width of those shadows with trend lines?
I'm trusting my software for the TL (usually it averages the H/L to draw in TL)....but you have a good point...

This Bear Flag is food for thought....perhaps this PP will present a nice Sunday trade.....

GregB
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_GBP Spot.png Size: 91 KB
  • #38,525
  • Jul 23, 2009 7:07am Jul 23, 2009 7:07am
Quoting ghous
I would not question the approach Nasir,

There are a lot more things that do work besides Nel's 4H macd, how abt adding them too? Or rather why should I exclude them?

Because changing a winning combination is more stupid than it sounds...

You might be using it as an additional source of confluence if you're comfortable with it but I along with several others here feel very strongly abt keeping it as simple as possible...

The less I go into additional tools besides PA and horizontal supp/res levels the better it get's for me...

Aqain...
I expected that but it cleared some points also, thanks.

i got mixed up in two absolutely different system's.
  • #38,526
  • Jul 23, 2009 7:08am Jul 23, 2009 7:08am
Quoting batesmotel
I'm trusting my software for the TL (usually it averages the H/L to draw in TL)....but you have a good point...

GregB
Could you please post it here.
  • #38,527
  • Jul 23, 2009 7:15am Jul 23, 2009 7:15am
Quoting nasir.khan
I expected that but it cleared some points also, thanks.

i got mixed up in two absolutely different system's.
And that can happen when you try to complicate things a little too much.

I would suggest you to extract the basics out of this thread and trade mainly the Phillip's system as I see you've spent some time with it.

Or if you really think it's worth it you could perhaps just use the 4h macd and some other elements from Nel's 4h system and find a way to implement them to a strategy based on the J16 stuff,

You cannot run both systems at full volume simultaneously...because both are pretty diff to each other.(the entries the technique everything) I say this because I've traded the 4h macd for a few months so I know...

Regards,
Ghous.
I believe . . .
  • #38,528
  • Jul 23, 2009 7:29am Jul 23, 2009 7:29am
Quoting nasir.khan
Could you please post it here.
My data feed draws all the TL's and S&R's for me....u saw the software in my previous charts that I posted....

GregB
  • #38,529
  • Edited 9:16am Jul 23, 2009 7:37am | Edited 9:16am
USD Unemployment Claims came in as expected, so we'll have to wait till 10am for Existing Home Sales...maybe we can get some movement then...

Looks like Existing Home Sales came in as expected also....may be a boring day...

GregB
  • #38,530
  • Jul 23, 2009 9:06am Jul 23, 2009 9:06am
Quoting Jazflyer
Hey forexngo,

How did you get the data to display in the upper left portion of your FXPro charts.
Thnx
Oh...Hi Jaz, sorry for late reply!
here is the file you mentioned
good luck, bro
regards,
fxngo
Attached File(s)
File Type: mq4 Market-Value.mq4   3 KB | 579 downloads
  • #38,531
  • Jul 23, 2009 10:09am Jul 23, 2009 10:09am
A very long successful peregrination is abt to come to an end...

Gosh I am gonna miss these...

Easily my career best couple...

Ghous.
Attached Images
I believe . . .
  • #38,532
  • Jul 23, 2009 10:11am Jul 23, 2009 10:11am
Quoting ghous
A very long successful peregrination is abt to come to an end...

Gosh I am gonna miss these...

Easily my career best couple...

Ghous.
That USDCAD was as Mike would say it "A money make"

Good trading bro
  • #38,533
  • Jul 23, 2009 10:12am Jul 23, 2009 10:12am
Quoting Jigsaw
That USDCAD was as Mike would say it "A money make"

Good trading bro
LOL apparently I have a lot of catch phrases and I don't even know it
  • #38,534
  • Jul 23, 2009 10:13am Jul 23, 2009 10:13am
Quoting ghous
A very long successful peregrination is abt to come to an end...

Gosh I am gonna miss these...

Easily my career best couple...

Ghous.
Nice work man. Nice work.
I'm pretty much done with all this ...
  • #38,535
  • Jul 23, 2009 10:20am Jul 23, 2009 10:20am
IM SORRY ITS TIME.

if this is the beginning of the end for me here then so be it.

its been a great 5 year ride.

i love all of you and yes there are tears coming down my cheeks.

ok i will get out the voilin. lol.

chris was my friend. a good friend. i have no idea what happened. i have tried numerous times to find out.

it was the wierdest jeckell and hyde thing ive ever seen.

here is what is tough for me.

chris did not have to do it like this and i told him that even after most of you would have been boiling mad.

i liked chris so much i was willing to help him. I WOULD HAVE HELPED HIM GET STARTED.

all he had to do was be a man and not a troll.

its the trolls ive been fighting for 5 years here guys.

chris has hurt me. hurt me deeply.

the following is from chris himself just a few short months ago.

Jim -

I know you are pounded with emails everyday, most of which are asking questions, and asking for help, but I wanted to take the time to thank you.
As I have only been a member for a few short months, I still have a long way to go. However, for the first time in my short trading career, I feel that I am truly going to make it. Actually, I should say I know. My results are getting better and better. I cannot tell you the frustration I have had in the previous months before finding my new "internet home."
I have to admit, that spending the fee every month kept me away for some time. However, I can honestly say this: It is some of the best money I have ever spent. Your monthly fee has become almost like another "monthly expense" in some ways. A lot like the phone bill. I don't think or worry about it, I just know it's something that is necessary. I feel this group is THAT important. Actually, in all fairness, I believe this group gives me more for my money than the other "bills".
I have been following mbqb11's "My exit strategy" thread lately. He just put out a video today that really opened my eyes on a daily pinbar in the AUD/USD pair I played about 2 weeks ago....I could very easily still be in that trade, and now I know why.
This thread is a perfect example of what you have accomplished. It still amazes me that total strangers (who aren't being paid.) are willing to go way out of their way to post videos to help other strangers. (The fact this amazes me is probably what's wrong with this world. But that's another conversation.)
While yes....I would say your strategies are great, I believe that the true testimony to what you have started is the very fact that the members really do try to help each other. There are so many different people helping others, and paying to be here at the same time. The group is the only place on the net where genuine concern for others is so obvious. In a business where greed and fear drive everything, this is truly an amazing accomplishment.

I just wanted to thank you, and to remind you of how proud you should be of this endeavor.


Your friend and #1 fan,

Clockwork71/Chris


CHRIS I STILL WANT TO BE YOUR FRIEND.

PLEASE DONT CONTINUE WITH THIS.

YOUR A BETTER PERSON THAN THAT AND I WOULD STILL HELP YOU
  • #38,536
  • Jul 23, 2009 10:38am Jul 23, 2009 10:38am
Quoting james16
IM SORRY ITS TIME.

if this is the beginning of the end for me here then so be it.

its been a great 5 year ride.

i love all of you and yes there are tears coming down my cheeks.

ok i will get out the voilin. lol.

chris was my friend. a good friend. i have no idea what happened. i have tried numerous times to find out.

it was the wierdest jeckell and hyde thing ive ever seen.

here is what is tough for me.

chris did not have to do it like this and i told him that even after most of you would have been boiling mad.

i liked chris so much i...
But what did he do Jim?

I am still all confused...

The Ban's lifted and he is posting on his silent service thread.

A great trader and a great source of help.

Is it because of his own personal private commercial forum or something that he is abt to begin...?
I believe . . .
  • #38,537
  • Jul 23, 2009 10:40am Jul 23, 2009 10:40am
Quoting Jigsaw
That USDCAD was as Mike would say it "A money make"

Good trading bro

Quoting StoragePro
Nice work man. Nice work.
thnx guys.

Ghous.
I believe . . .
  • #38,538
  • Jul 23, 2009 10:41am Jul 23, 2009 10:41am
james16,
No need to take it that far, Sir.
There are ways to get around this issue..
Hopefully u will reconsider.

Let's maintain our stance & uphold what is right.
  • #38,539
  • Jul 23, 2009 10:42am Jul 23, 2009 10:42am
Quoting ghous
But what did he do Jim?

I am still all confused...

The Ban's lifted and he is posting on his silent service thread.

A great trader and a great source of help.

Is it because of his own personal private commercial forum or something that he is abt to begin...?
If you taught me to trade, gave me the methodology and vocabulary, provided me a place to learn, and then gave me senior status to build your credibility,

How would you feel if I started a service and charged to teach what I learned from you?

That is the bottom line.
I'm pretty much done with all this ...
  • #38,540
  • Jul 23, 2009 10:46am Jul 23, 2009 10:46am
Quoting supremeChaos
james16,
No need to take it that far, Sir.
There are ways to get around this issue..
Hopefully u will reconsider.

Let's maintain our stance & uphold what is right.
Agreed,

These are tough times sure and they will pass...

I was shocked to read this from Jim:

Quote
IM SORRY ITS TIME.

if this is the beginning of the end for me here then so be it.

its been a great 5 year ride.

i love all of you and yes there are tears coming down my cheeks.

Common Jim, we're all here, the public thread is still the heart and it will have to live on, exactly like right now for the next few hundred years at least...

You're not alone battling this and do please sink this statement deep into your core...

"YOU'RE NOT ALONE!"

I promise I'll quit trading if anything happens to this thread,
I believe . . .
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