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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

  • #38,681
  • Jul 23, 2009 6:06pm Jul 23, 2009 6:06pm
Quoting Im4age
"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...
I was going to do that triple dot edit thing to this quote but then realized that the entire post was important. Entirely wrong, but important. Your second paragraph explains to us quite clearly that if you Ever had or have the ability to help someone else, It won't be free.
Enjoy Your life.
I assume you have 1&1/2 eyes on your back:

Nice life.

{I know this is a response to a response but I hope you understand my meaning}
  • #38,682
  • Jul 23, 2009 6:10pm Jul 23, 2009 6:10pm
Quoting cheelu
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.
I think james didn´t founded the J16 Group to get rich from it, he can surely make much more cash when he invest all his time into trading and not answering hundrets of Quest´s and the hole work to hold the PF up to date.

$100.- per month or so is not that much for accessing such a fundus of knowledge and experience and not any blablabla on this forum gets hundreds of peoples to members of the J16 Group.
5 years of writing daily in the J16 thread the quality of james work and teaching, as well as the success and the advance of us members makes the large number of members.

If there is no success and advance in trading for the members why they are stay, why spend the fees???

And now maybee the PF get a hand full of dollars in james purse, who cares???......only the jealousy greedy guys out there.

just my 50 cents
Trade well and many pips to all. Martin
  • #38,683
  • Jul 23, 2009 6:15pm Jul 23, 2009 6:15pm
Quoting pipmax
I think james didn´t founded the J16 Group to get rich from it, he can surely make much more cash when he invest all his time into trading and not answering hundrets of Quest´s and the hole work to hold the PF up to date.

$100.- per month or so is not that much for accessing such a fundus of knowledge and experience and not any blablabla on this forum gets hundreds of peoples to members of the J16 Group.
5 years of writing daily in the J16 thread the quality of james work and teaching, as well as the success and the advance of us members...
If Jim wanted to get rich off the PF don't you think there would be adverts all over the the joint? The fee is low, you get lifetime after 12 months. Jim probably makes more in one trade than he does from his PF profits. BTW I can see where Chris is coming from, he wants to go out on his own thats fine, as long as he and Jim can agree.
I hear and I forget. I see and I remember. I do and I understand.
  • #38,684
  • Jul 23, 2009 6:16pm Jul 23, 2009 6:16pm
Quoting salisa
Hi everyone... I don't really understand a lot (about the politics etc) but thought that it might be the moment for a long time lurker to pop up to offer a huge vote of thanks to Jim, mike etc etc and it never fails to amaze me that you guys are still here helping and guiding!
nice one
Welcome salisa!


Quoting deepdish
Hello, I have just opened a demo account. I will make a 4h graph and save in JPEG with a couple of comments before every "trade" i make. I will also follow up with a new graph 1-3 days later with comments about what happened, what I did wrong etc.
........
nice charts for nice 1st post.
exclusively looking at your charts, u seem to have used tight stops (& which are not based on strong enough S/R's) & entered in a ranging & currently whipsaw-y market.


Quote
They gave me the feeling that there´s a special spirit in this thread and nobody cares about i´m a newbie and my bad english, the only thing the members cares here is to help rookies like me.
pipmax,
just keep on reading, reviewing & posting.
& remember, english should be 1 of the least things u need to worry about & is the least that will prevent u from trading well. we trade with our eyes & mind, not with our mouth.
  • #38,685
  • Jul 23, 2009 6:17pm Jul 23, 2009 6:17pm
Quoting mbqb11
You have summed up the TRUE spirit of this thread and what James created....
lol mike i love your icon!
don't ever change it.. it nicely summarizes your successful trading style!
  • #38,686
  • Jul 23, 2009 6:35pm Jul 23, 2009 6:35pm
Quoting CkM8
I've had my eye on this possibility for the last few days.
It does look tempting...

GregB
  • #38,687
  • Jul 23, 2009 6:37pm Jul 23, 2009 6:37pm
Quoting dengzhi
lol mike i love your icon!
don't ever change it.. it nicely summarizes your successful trading style!
LOL well actually he holds a shotgun as has been pointed out to me before. But I just tell everyone I got him a shiny new rifle
  • #38,688
  • Jul 23, 2009 6:38pm Jul 23, 2009 6:38pm
a lot of traffic but got the plan how to short it, lets see how it works
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  • #38,689
  • Jul 23, 2009 6:38pm Jul 23, 2009 6:38pm
Quoting raczekfx
...Anyways, If you're in the PF, you're observant and good in reading between the lines, and watched all his videos, you will know what I'm talking about.......

Geeze Rac! I'm not that quick. I'll be disecting this now for the next year. I'm gonna have to build me a cave too...the "reading in between the lines" part will be the real challenge. Perhaps it would be easier if I could somehow convince Jim to let me take that short drive to the metroplex to watch him trade for a while. Do you know if he likes to ride 4-wheelers. Maybe I could work something out with him?

K.I.S.S.
  • #38,690
  • Jul 23, 2009 6:41pm Jul 23, 2009 6:41pm
Quoting Bemac
"Triple dot Edit" {I know this is a response to a response but I hope you understand my meaning}
I eagerly await a response to your response of his response.

K.I.S.S.
  • #38,691
  • Jul 23, 2009 6:44pm Jul 23, 2009 6:44pm
Quoting datogio
a lot of traffic but got the plan how to short it, lets see how it works
Yep nice clean chart, those make me smile when I see this. Because that means your head is clear and you can allow yourself to learn to trade.

Agreed trafficy setup

small blue first trouble, bigger blue obviously the main battle line

Mike
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  • #38,692
  • Edited 7:00pm Jul 23, 2009 6:44pm | Edited 7:00pm
The swissie is one of my favourite crosses. It is just so...schizophrenic.

Will it close as a big pin bouncing off daily support/resistance?
Will it stall, form an IB and consolidate for a while?
Will it just sit back, eat chocolate and make cuckoo clocks?

NO ONE KNOWS.

(if it does, and I decide to ignore the big proceeding bars and play it for a quick move, I would get my stop to BE quickly... if it can break the traffic around 1.0700, it should be good down to previous support at 1.0620ish... and if it gets through that, then I am going to be the one sitting back and eating chocolate in the alps...)

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*edit*
and not to get into the drama (I get enough of that from my girlfriend), but the comments about the PF being a money making exercise with little value just ring hollow for me.

I learned alot of stuff on the pf that isnt discussed in here (money management, why I tilt off a stack/1R sometimes). And learned alot about things that are discussed in here (like setups), but with ten times less noise than this thread accumulated from time to time.

Just being able to follow the senior member journals has been invaluable. Not to mention the videos/webinars that the guys post - watching Mike isolate good setups on a chart, and how he distinguishes them from junky ones... well, it is light years ahead looking at a static chart.

to be completely fair, if I had more time and could participate more, it would be twice as worthwhile. Reading the conversations between experienced traders and newbies with tonnes of questions, or following the beginner journals there and seeing the feedback that they get from the senior guys is great learning material.

The guys put alot of time into it. Why shouldnt they make a few dollars? I have seen people pay a hell of alot more for a hell of alot less.

And hey, I am an arrogant jerk who thinks they know everything - so if *I* think it is valuable...

quick version: James is the best source of account-building strategies to come out of Texas since Bonnie and Clyde. There is a reason he has so many fans.
When you have to shoot, shoot. Dont talk.
  • #38,693
  • Jul 23, 2009 6:47pm Jul 23, 2009 6:47pm
Quoting joelcf
The swissie is one of my favourite crosses. It is just so...schizophrenic.

Will it close as a big pin bouncing off daily support/resistance?
Will it stall, form an IB and consolidate for a while?
Will it just sit back, eat chocolate and make cuckoo clocks?

NO ONE KNOWS.

(if it does, I would get my sto to be quickly... if it can break the traffic around 1.0700, it should be good down to previous support at 1.0620ish)

Attachment

The 1.7 area has a pretty strong flip there. All that bunched up prior resistance should act as support, or at least give it a problem if it wants to eventually cut through. When a pair is this choppy (as swissy has been), my mind immediately goes into, how do I protect myself mode if I see a trade that is worth taking

Mike
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  • #38,694
  • Jul 23, 2009 6:48pm Jul 23, 2009 6:48pm
Quoting mbqb11
Yep nice clean chart, those make me smile when I see this. Because that means your head is clear and you can allow yourself to learn to trade.

Agreed trafficy setup

small blue first trouble, bigger blue obviously the main battle line

Mike
Thanks Mike
  • #38,695
  • Jul 23, 2009 6:50pm Jul 23, 2009 6:50pm
Quoting KissFan
I eagerly await a response to your response of his response.

K.I.S.S.
I'm not quite sure if I want to be the Respondent, the Recipient or the Responder... I'm lost. I don't know which way to turn.
  • #38,696
  • Jul 23, 2009 6:52pm Jul 23, 2009 6:52pm
Quoting Bemac
I'm not quite sure if I want to be the Respondent, the Recipient or the Responder... I'm lost. I don't know which way to turn.
turn to the bottle B, a nice glen perhaps,
  • #38,697
  • Jul 23, 2009 6:53pm Jul 23, 2009 6:53pm
I think I have come across all wrong Bemac , my apologies to you and Jim. I'm on Jim's side here regarding the PF. I have the ability and have given basic training to several young farmers to further their careers, they have then paid consultants to go further up the ladder. That is what I meant here. Jim has given out the basics but the advanced you have to pay for.
  • #38,698
  • Jul 23, 2009 6:54pm Jul 23, 2009 6:54pm
Quoting sumakianlee
hello every one, , i have read james 16 thread till page 293 , and i plan read entire thread < the whole thread > , no matter how long it take.....
Welcome suma! good to know u have decided to finish reading this very very lengthy material. well worth it & good luck


Quoting cheelu
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.
i looked at most of your posts. it seems u have started posting HERE, then u somehow liked it THERE. it seems u are a non-grata like your idol.
I would not mind your having loyalty THERE, as long as u are not getting unjustly blinded by it. [CONGRATS, IF IM NOT MISTAKEN I HAVE NEVER USED BEFORE, U SHUD BE FFFFPROUD, LOL ]

i posted this THERE on "Day #1" & intentionally ended my last sentence that goes:
Quoting supremeChaos
.....
Chris, if u are doing a good thing, u have nothing to worry about.
For some reason, he did not acknowledge/affirm my post. That gave me a minor red flag... which turned out to be a major RED Flag.

GRATITUDE CANNOT BE EXPRESSED BY MERE "THANK YOU's"; GRATITUDE IS EXPRESSED THRU ACTIONS. In this case, the ACTION required is not to backstab someone u owe a lot.
  • #38,699
  • Jul 23, 2009 7:01pm Jul 23, 2009 7:01pm
Quoting mbqb11
turn to the bottle B, a nice glen perhaps,
Three Fingers. That's usually enough.

{of course I mean 3 Fingers High of a fine single malt in a crystal glass. geez... what were You thinking?}

  • #38,700
  • Jul 23, 2009 7:06pm Jul 23, 2009 7:06pm
Quoting tac
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!
NO it's me, or YES it's not me? lol
no sorry needed, being stern & analytical sometimes/often is a good thing.
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