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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

  • #38,661
  • Jul 23, 2009 4:45pm Jul 23, 2009 4:45pm
Its getting a bit crazy on the other thread, If CW is telling the truth I can see hi point, still think he shoulda gave Jim more credit in his thread and talked to him before embarking on his own site.

I wish Twee or someone would make a fucking decision here.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,662
  • Jul 23, 2009 4:48pm Jul 23, 2009 4:48pm
Any thoughts on this setup? Weekly and Daily graphs are attached in this post. A 4 hourly graph is attached in the next post.
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Click to Enlarge Name: USD CAD Weekly 1.jpg Size: 239 KB
Click to Enlarge Name: USD CAD Daily 1.jpg Size: 251 KB
  • #38,663
  • Jul 23, 2009 4:49pm Jul 23, 2009 4:49pm
And the 4 hourly:
Attached Image (click to enlarge)
Click to Enlarge Name: USD CAD 4h 1.jpg Size: 250 KB
  • #38,664
  • Jul 23, 2009 4:50pm Jul 23, 2009 4:50pm
Quoting mbqb11

And your chart shows what we must do as traders. Wait in the bushes with our rifle, and then react. No shotgunning(bit your lip Elmer Fudd haters)

Take care
Mike
Yes sitting there with my loaded rifle patietly searching out with the telescope for the A++ come into my crosshair and got the one perfect shot.

WeŽll see what happend.
Trade well and many pips to all. Martin
  • #38,665
  • Edited 5:39pm Jul 23, 2009 4:58pm | Edited 5:39pm
Quoting james16
IM SORRY ITS TIME.


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
Jim:

I'm not sure who this Chris guy is as I am a newbie on your thread. But having lived 51 years on this planet so far, I do know is this:

There will always be fear and there will always be greed in mankind. We must accept that....it was inevitable that out of the 100's or 1000's in your pf, that there would emerge at least one rogue who wanted to get to the top at the expense of others... or without thinking through the whole situation...

That being said, I think that once you cool down a bit, you will recognize that this Chris guy only has a few years experience in trading, and perhaps none in running a business such as an internet trading classroom. I really don't think you have anything to worry about.

Take myself as an example. Am I (as a newbie in this thread) going to join a PF with someone who only has a few years experience, or am I going to join one who's teacher has 20 years experience? Right, most newbies will go for the sure thing...ie...the classroom PF that is established with a proven track record.

I have a bit of trading experience, but I've been in that fetal position that you talk about many many times. More times that I would like to admit.

But...just to encourage you a little, I've been here since July 10, 2009. I've taken 6 trades now (daily or weekly only), 5 are still being nursed risk free, and I broke even on the sixth trade. Currently I'm up a total of approx. 1400 pips (on 2nd half of position), which translates to at least +4% and I only risked 1%-2% on each trade.

I've only read 100 pages of the beginning of the thread, and 100 of the most recent pages. Just think what I can achieve after reading the whole tome!

Hmmm, do you really think I'm going to trust this Chris guy over you? Not bloody likely!

Anyways, keep on keepin on.....there will always be competition, there will always be greed....unfortunately, we cannot control the greed and fear of others...only that fear and greed within ourselves.

GregB
  • #38,666
  • Jul 23, 2009 5:03pm Jul 23, 2009 5:03pm
Yeap, bud

What a day!

I send you a beer. A need one too....

Quoting mbqb11
If I told you how much of my day I spend answering posts/emails/PMs/doing webinars/videos/chats, personal phone calls trying to help others , a lot of which I do paid or not...
Trade on.

I really need a beer tonight
.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #38,667
  • Jul 23, 2009 5:03pm Jul 23, 2009 5:03pm
for every action,there is a reaction whether +ve or -ve
Clockwork has acted upon what he obviously feel is right & Jim has reacted, i am in no place to say what is or shouldnt be
i feel this is left to Jim & Chris to work out, whatever the case might be, just remember Jim dat we have ur back & he is just one in many that have passed thru u and will pass thru u, just dnt let one bad seed make u to make the wrong decisions, cos we all know u r wiser than that
with that said, whatever happens, theres a reason for it & plsssssssss dont STOP what u do cos we wont be where we r now without the massive help uve given to us all.
GOD BLESS U JIM
we kno u'll do the right thing
Simplicity is the key to success
  • #38,668
  • Jul 23, 2009 5:16pm Jul 23, 2009 5:16pm
On my feed (Alpari) looks like there is a nice 8 hr pin bar of the gold retracement (61.8) which I'm going to take. S/R marked and worked well. First TP1 at yellow box (70%) 30% as a runner, see what happens next.
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  • #38,669
  • Jul 23, 2009 5:26pm Jul 23, 2009 5:26pm
Quoting tac
....
I meant to add I used to post here as markmm, just incase any of you wondered how I picked the stuff up so quickly. I fancied a change of name.
so it's u, Mark! lol
i thought u were just some punk posting here.
no wonder "tac" has been stern & analytical, all along.
Good that u are posting often again.
  • #38,670
  • Jul 23, 2009 5:29pm Jul 23, 2009 5:29pm
Folks,

quick look at the cable pin

My take on it....

Pin is in a good area and reasonably well defined.

Previous bar is an opposing pin - but maybe this is just a side effect of trading in consolidation zones.... not sure - not experienced enough yet... but it makes me nervous... (like mike says!)

first trouble area is pretty close to the bottom of the bar...

I'm sure theres a trade in here somewhere - probabely a quick move to be when it breaks and either a small TP at the trouble zone or see if she goes further...

I won't be taking it however as theres a good chance she'll go when I'm asleep!!! defintely not a set it and forget it trade in my book. I will watch how it turns out though to see what I can learn from it!!!

cheers all

and again as many have iterated thank James16 for all your help and work here... there will always be a bad apple in a basket as big as this - but lets hope this isn't the case and you guys can sort it out!

Fat Tom
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  • #38,671
  • Jul 23, 2009 5:34pm Jul 23, 2009 5:34pm
Quoting TiaForex
....
Keep posting about the things that made this thread what it was. Keep posting your questions, your setups, answer new people's questions. This is the time to step up and carry the flame. Let's not let this thread get overwhelmed and deviate from its true purpose: helping people find their way in trading and change their lives.
Carry the flame & continue on... that's the spirit
  • #38,672
  • Jul 23, 2009 5:34pm Jul 23, 2009 5:34pm
Cable looks good but the pin body isn't within the previous bar's open and close. Her sister looks pretty cool, Fiber. BEOB, swing high.
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Click to Enlarge Name: fiber.JPG Size: 169 KB
The customer is always right!
  • #38,673
  • Jul 23, 2009 5:38pm Jul 23, 2009 5:38pm
Quoting mbqb11
Perhaps cause I spent 8 years taking french class and can't speak a word.
Mike
Haha, I feel the same way! I think I've always had an aversion to the language ever since my 2nd grade French teacher threw chalk at me.

-G
  • #38,674
  • Jul 23, 2009 5:39pm Jul 23, 2009 5:39pm
Quoting Pipfox
Cable looks good but the pin body isn't within the previous bar's open and close.
Pipfox,

and neither it is and the reason - the 'other' pin I didn't like and you've helped me quantify it!

thanks!

Fat Tom
  • #38,675
  • Jul 23, 2009 5:40pm Jul 23, 2009 5:40pm
No worries Tom.

Nick.
The customer is always right!
  • #38,676
  • Jul 23, 2009 5:42pm Jul 23, 2009 5:42pm
Quoting raczekfx

I shared my intra day systems with a couple of guys from here, who are writing EAs to automate some of the manual procedures. These are solid money making methods and unbelivable simple. I asked them not to share it at this time, so I would probably not be happy if they did, but If later they decide to use EA comercially, to make few $, I wouldn't care less.
Watch now as your inbox gets flooded...
  • #38,677
  • Jul 23, 2009 5:45pm Jul 23, 2009 5:45pm
"Based on the recent posts in this forum, its absolutely clear that pf is more of a money making business. All talks about helping newbies is just a reason to cover up. If not why even have a private forum? all the material can be uploaded to public forum which will help thousands of people."

If you spend many years building a special tool or machine to make some particular job or business work better you go and patent that idea so you have sole rights to its value. You may then sell the patent or manufacture the tool and take a royalty from it. These are the type of ideas that are in the PF. They are methods Jim has been successful with and you can learn them without all the ** noise that is out here. Doctors and lawyers charge for their knowledge after years of unpaid study, ask Ryanmcd what he would charge you as a mentor!

  • #38,678
  • Jul 23, 2009 5:46pm Jul 23, 2009 5:46pm
Quoting supremeChaos
so it's u, Mark! lol
i thought u were just some punk posting here.
no wonder "tac" has been stern & analytical, all along.
Good that u are posting often again.
LOL no its me, sorry if I come across stern and analytical, im trying to lighten up and you are helping me. Good old supreme!
I hear and I forget. I see and I remember. I do and I understand.
  • #38,679
  • Jul 23, 2009 5:48pm Jul 23, 2009 5:48pm
Some luck? Down to a pip...

It's got to be....
.
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  • #38,680
  • Jul 23, 2009 5:49pm Jul 23, 2009 5:49pm
Quoting raczekfx
Some luck? Down to a pip...

It's got to be....
.
"Blind" luck...
I'm pretty much done with all this ...
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