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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

  • #42,481
  • Aug 28, 2009 5:58pm Aug 28, 2009 5:58pm
Quoting Icehocey77
Can anyone explain James' email today? It was kind of vague speaking of an 'alternative demo process'. Didn't quite understand what he was talking about....
The new section is up, and it should be pretty self explanatory now.
  • #42,482
  • Aug 28, 2009 6:06pm Aug 28, 2009 6:06pm
Quoting Icehocey77
Can anyone explain James' email today? It was kind of vague speaking of an 'alternative demo process'. Didn't quite understand what he was talking about....
Take a price bar that is a PA bar.

Pick the spot to where it will go. Primary, secondary etc. Rinse, repeat. Do this as the bar presents itself or F12 through the bars.

That is the demo.

I have done this to an extent, but not rigorously. I am going to because it is a big help.
I'm pretty much done with all this ...
  • #42,483
  • Aug 28, 2009 6:10pm Aug 28, 2009 6:10pm
Quoting Icehocey77
Can anyone explain James' email today? It was kind of vague speaking of an 'alternative demo process'. Didn't quite understand what he was talking about....
Hey bro,

The new section is up.

There seems to be a new senior member section up too, hmmm
  • #42,484
  • Aug 28, 2009 6:12pm Aug 28, 2009 6:12pm
Quoting Jigsaw

There seems to be a new senior member section up too, hmmm

I'll see your and raise you
I'm pretty much done with all this ...
  • #42,485
  • Aug 28, 2009 6:26pm Aug 28, 2009 6:26pm
i think "little" ben is having a real good laugh.

i think hes really an 85 year old having a blast with all of this.

fess up ben.



Quoting StoragePro
Does Benji ever go to school?

If he does, does he drive his teachers batty?

Benji - you are quick on the uptake, young man. I remember being 16 - learning new stuff at teh speed of light and no distractions!

I hope August was profitable - both in R and Lessons!
  • #42,486
  • Aug 28, 2009 6:32pm Aug 28, 2009 6:32pm
Quoting james16
i think "little" ben is having a real good laugh.

i think hes really an 85 year old having a blast with all of this.

fess up ben.
Hey Jim, I don't know if you saw this post from Ben: http://www.forexfactory.com/showpost...ostcount=39994 (Especially the . . "Let's go one bar at a time . . . )

But once I saw it, I knew this kid was a quick study of what you teach.
Indicators show the past. Price Action "Indicates" the future.
  • #42,487
  • Aug 28, 2009 6:50pm Aug 28, 2009 6:50pm
i didnt see that.

thanks buddy.

Quoting jarroo
Hey Jim, I don't know if you saw this post from Ben: http://www.forexfactory.com/showpost...ostcount=39994 (Especially the . . "Let's go one bar at a time . . . )

But once I saw it, I knew this kid was a quick study of what you teach.
  • #42,488
  • Aug 28, 2009 10:17pm Aug 28, 2009 10:17pm
I noticed someone said Aus/NZ was a choppy pair. Was just looking at some charts and a pin has formed on the weekly.
I have been reading and listening to you guys about locating trouble spots and ppz etc and not taking trades that have minimal space. What do you think about this pair and this pin setup?

I have marked a few areas of possible trouble so there probably isnt alot of space for this one to go?
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  • #42,489
  • Edited 11:18pm Aug 28, 2009 10:49pm | Edited 11:18pm
Quoting StoragePro
Does Benji ever go to school?

If he does, does he drive his teachers batty?

Benji - you are quick on the uptake, young man. I remember being 16 - learning new stuff at teh speed of light and no distractions!

I hope August was profitable - both in R and Lessons!

Quoting james16
i think "little" ben is having a real good laugh.

i think hes really an 85 year old having a blast with all of this.

fess up ben.

LOL

Here in Israel we have 2 months of vacation between grades, July and August (summer). At the middle of next week we go back to school...for the last year - and then to the army for three years

Till then my plan is to save money for a nice account

@ Jarroo - You really liked that post eh? thanks man

Ben


EDIT: Check out this question from one month ago: http://forums.babypips.com/free-fore...tml#post123310 lol
  • #42,490
  • Aug 28, 2009 11:38pm Aug 28, 2009 11:38pm
Quoting benji533
LOL

Here in Israel we have 2 months of vacation between grades, July and August (summer). At the middle of next week we go back to school...for the last year - and then to the army for three years

Till then my plan is to save money for a nice account

@ Jarroo - You really liked that post eh? thanks man

Ben


EDIT: Check out this question from one month ago: http://forums.babypips.com/free-fore...tml#post123310 lol
I really liked it Ben.

Just for the simply fact that how quickly you understood what Jim is teaching here and on his videos. It really is that simply and Jim presents it in a no nonsense way that makes it very easy to understand. He's a very good teacher.

So I'm really not surprised that you understand it, its just that some of us (me included) takes a little longer to see how simply it really is.

So keep posting little brother , I'm sure you are seeing the benefits of posting and giving analysis on different setups. It will help you as well as other people when you do this.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #42,491
  • Aug 29, 2009 12:57am Aug 29, 2009 12:57am
Quoting benji533
Here in Israel we have 2 months of vacation between grades, July and August (summer). At the middle of next week we go back to school...for the last year - and then to the army for three years
3 years in the IDF? Looking at the pics below, this could be worse...only found 3 guys in the 1st pic...
Well, a least I think they are guys.

http://commons.wikimedia.org/wiki/File:Israel14.jpg
http://commons.wikimedia.org/wiki/File:Viva_israel.jpg

Take care Ben
RM
  • #42,492
  • Aug 29, 2009 1:42am Aug 29, 2009 1:42am
[quote=james16;3000969]4000 tick mini dow chart.

high odds trades.

most people that daytrade this/these markets trade on a tick chart in the 50 to 250 range and take many trades a day.
VERY INTERESTING JIM.
ARE THERE ANY BROKERS THAT PROVIDE FREE DEMO'S WITH TICK CHARTS AND INDEX'S
GRAHAM.
  • #42,493
  • Aug 29, 2009 2:05am Aug 29, 2009 2:05am
Quoting nasir.khan
But never put a tag on your soul.

I was in this trade also but closed it soon after 20+ pips and entered short cause price pulled back to TL it broke earlier tested it and then continued down.
Presence of 50% Fibonacci just above and a PPZ made it look more strong.

And how the hell did you get that PAYPAL account???


Quote
But never put a tag on your soul.
Agreed.

Quote
And how the hell did you get that PAYPAL account???
I was obviously just kidding around, wouldn't have put up my paypal account if it was real anyways...

g.
I believe . . .
  • #42,494
  • Aug 29, 2009 3:21am Aug 29, 2009 3:21am
Quoting supermatt
I noticed someone said Aus/NZ was a choppy pair. Was just looking at some charts and a pin has formed on the weekly.
I have been reading and listening to you guys about locating trouble spots and ppz etc and not taking trades that have minimal space. What do you think about this pair and this pin setup?

I have marked a few areas of possible trouble so there probably isnt alot of space for this one to go?

I'm still in off Thursday's BUOB. Personally, I think we're in for a long ride.
  • #42,495
  • Aug 29, 2009 3:32am Aug 29, 2009 3:32am
whats your target areas bryan?
  • #42,496
  • Aug 29, 2009 3:43am Aug 29, 2009 3:43am
Quoting Jduester
Ok, as some of you know I have been testing various exit strategies. I've attached the results. I ended up testing 13 unique strategies. I know this post is going to be longer than I wanted it, but I think everything I write here is necessary to fully explain my rationale. Sorry to bore you if that is the case.
Josh
Hi Josh

Just reviewing James 16 thread. Thank You for doing this work, lots of insight!!

I'm curious as to what you went with in the end??

I liked 12. Move stop to B/E at 0.5R:R. Take full profit at 1R:R.
High return, high winners but simpler to use than 10 or 11

Cheers
Dave
Each loss is one step closer to a winner!!! Cheers, Dave
  • #42,497
  • Aug 29, 2009 3:47am Aug 29, 2009 3:47am
Quoting supermatt
whats your target areas bryan?


If we make it to 1.2320, then to 1.2365 (my 23.6 fib) the sky's the limit.
  • #42,498
  • Aug 29, 2009 5:13am Aug 29, 2009 5:13am
Hey all - I am short this pair

Reasons:

PB on daily
Outside bar on 4H
From a PPZ / resistance area
From a higher swing point

It is against the trend though. Any comments much appreciated.
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  • #42,499
  • Aug 29, 2009 5:17am Aug 29, 2009 5:17am
Quoting Grousman
Hey all - I am short this pair

Reasons:

PB on daily
Outside bar on 4H
From a PPZ / resistance area
From a higher swing point

It is against the trend though. Any comments much appreciated.
The daily pin bar was too "poodlish" but the location sure does rock!

The beob on the 4H also appears to be a sweet one,

All in all I think you caught a nice one G man!

g.
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I believe . . .
  • #42,500
  • Aug 29, 2009 5:26am Aug 29, 2009 5:26am
Quoting ghous
The daily pin bar was too "poodlish" but the location sure does rock!

The beob on the 4H also appears to be a sweet one,

All in all I think you caught a nice one G man!

g.
Thanks for the prompt reply. How much weight do you put on the divergence (I do not use this, maybe I should?). I think the divergence I refer to is the opposing slope on the MACD (am I confusing myself here!!!)
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