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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

  • #45,801
  • Oct 12, 2009 2:29am Oct 12, 2009 2:29am
Quoting james16
never if i can get my beloved forex factory to get there act together.

being diplomatic about it is getting very difficult for me and they may be asking me to leave before its all over.

seems like the cart is before the horse around here but i know one thing.

if i ever start a forum assholes, idiots, trolls and mean people in general wont even get 2 chances.



jim
hey sir james!

it's really sad to hear that you are planning to leave FF, I know that it's annoying to be under the comercial forum,and all this changes that ff have been made are not quite good.

Anyway, the reason that I writing you it's because I'm here on FF only for your thread,like so many others,but from time to time I'm looking around to see whats happening out this thread, thats it.

I have never seen such a community that have been developed here in no other thread.you guys amezed me not only by your disponibility to help each other but the manner you are doing it.

I was just feeling in love with this thread !!!

hope to make the better decision that is involving this thread,I will follow you wherever you go

PS: I think that I have say that befor that I'll join the pf, but this will happen only (I hope so) the end of the year or beginning of the new year,b/c have some issue right now with my studying and my money

james you can count on my off whatever will be your decision regarding the forum.
  • #45,802
  • Oct 12, 2009 3:47am Oct 12, 2009 3:47am
Quoting james16
a ton locked in here hoping for a break of the bar highs.
Hi james, I've not written to you before but i'd just like to say...great trading! I'm nicely up today on some good hourly pa from 6am gmt but my trades pale in comparisan!

I read here to broaden my trading horizons as i found myself becomming a one trick poney, but as we know in business it's very important not to put all your eggs in one basket....I'm very impressed by the lvl of knowlege and spirit within this thread and your all very much a credit to yourselves and each other!

it would be a sad day if you left ff but in the same breath it would also be understanderble. I started off my trading education (forum wise) in daily fx years ago and they went the same way..... they did something about it but too little too late from many of the pro/mentor figures in the community.

best wishes and i hope everything gets sorted!

Ic
  • #45,803
  • Oct 12, 2009 3:57am Oct 12, 2009 3:57am
Quoting james16
thats the plan if things dont change.
i have over 800 mods ready to go.
nasty bad people wont last 2 minutes in our forum...
make that 800 + 1, if u'll allow me to join in, Sir

Quoting james16
never if i can get my beloved forex factory to get there act together....
if i ever start a forum assholes, idiots, trolls and mean people in general wont even get 2 chances.
repeat offenders... watch out
  • #45,804
  • Oct 12, 2009 4:03am Oct 12, 2009 4:03am
Quoting Que
UJ Trade I initiated. Going to go carve some pumpkins now.

Que
Hi que, i'm looking at the same trade but still waiting on pa for a viable entry (this 4h bar is looking good atm).

btw it's nice to see someone else uses stoch's i was beginning to think it was just me!

kind regards

Ic
  • #45,805
  • Oct 12, 2009 5:05am Oct 12, 2009 5:05am
Quoting jarroo
Time to get back into the weight room buddy. Go for more reps this time, your heavy weight lifting days are over. lol
First time i'll disagree with u, Sir
i have seen & believe it is still possible. it's still possible with continuous exercise. I plan to do it too.

Quoting TiaForex
That made me smile.
4:21 am Jim and I'm reading the thread with a smile on my face. I love these new charts.,...
I read the thread and PF between takes on set the other day. Will probably do the same tomorrow.....
Same here, Love the charts too.
btw, awesome multitasking
  • #45,806
  • Oct 12, 2009 5:05am Oct 12, 2009 5:05am
Quoting cyberfx
What do they need to do to get there act together?
Quoting arctos
Working through....
On a side note, it seems there's been recent unhappiness over some stuff here on FF... what else should we be complaining on?
to learn a bit more....
Please read back on posts around July22/23 &/or Sir james16 previous posts.
  • #45,807
  • Oct 12, 2009 5:08am Oct 12, 2009 5:08am
i think its a good chance to 1.03
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  • #45,808
  • Oct 12, 2009 5:34am Oct 12, 2009 5:34am
Quoting supremeChaos
to learn a bit more....
Please read back on posts around July22/23 &/or Sir james16 previous posts.
Nobody would want to see a senior member leave here.
Maybe a summary in point form of what Sir james16 wants to happen so that he will stay here is all.
  • #45,809
  • Oct 12, 2009 5:50am Oct 12, 2009 5:50am
Hi Que, was just wondering if you have looked at the WEEKLY time frame......on this pair..........

Quoting Que
UJ Trade I initiated. Going to go carve some pumpkins now.

Que
  • #45,810
  • Oct 12, 2009 5:59am Oct 12, 2009 5:59am
noticed the 82 area on a.j this morning and over the past few weeks but has only just come back into play. had a sell limit in at 82 just to practice a touch trade on demo. Its nearly my bed time here so ill just let this one go and may wake up to a surprise in the morning

anyone else take this?
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  • #45,811
  • Oct 12, 2009 6:10am Oct 12, 2009 6:10am
Quoting james16
a ton locked in here hoping for a break of the bar highs.
Awesome trades Jim!

You've really inspired me to take the PA you taught us a step further and learn to enter on touches of Daily charts. Here is a trade I am currently in, already have 1/2 pos off the table and stop at BE
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  • #45,812
  • Oct 12, 2009 6:11am Oct 12, 2009 6:11am
did anyone trade this? i didn't as i was baby sitting another trade. looks like a stong move with room to take some off the table and see what happens with the rest moved to b/e.... well that would be how i'd play it.

regards ic
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  • #45,813
  • Oct 12, 2009 6:15am Oct 12, 2009 6:15am
Quoting jarroo
I wonder if Rac is looking at this one. Eur/Jpy: 133.00. 61.8, PPZ. (150 ema daily/ 365 ema 4hour)
Touch or blind entries are tough to do. I demo them a lot with so-so results. But when I see a great location and then PA, it sure makes life alot easier for me.

Still waiting for PA to develop on the Eur/Jpy.
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Indicators show the past. Price Action "Indicates" the future.
  • #45,814
  • Oct 12, 2009 6:27am Oct 12, 2009 6:27am
Quoting jarroo
Touch or blind entries are tough to do. I demo them a lot with so-so results. But when I see a great location and then PA, it sure makes life alot easier for me.

Still waiting for PA to develop on the Eur/Jpy.
They can be tough, but yet they are so rewarding when you get in early, PA develops, and then you can add to the trade and play it as you would any other PA trade.

Through backtesting and demo, I've found that touch entries work best with the trend and OBVIOUS confluence of fib, ppz, 2 bar highs/lows, and/or TLs. I'm not the best with TLs so I use them rarely to look for confluence.

Ross
  • #45,815
  • Oct 12, 2009 6:33am Oct 12, 2009 6:33am
Quoting jarroo
Touch or blind entries are tough to do. I demo them a lot with so-so results. But when I see a great location and then PA, it sure makes life alot easier for me.

Still waiting for PA to develop on the Eur/Jpy.
Jarroo,

Take a look at pulling a fib from the bigger swing, 138.715 to 129.034.

The 61.8 lines up with the big RN 135 and imo a more solid PPZ

Ross
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  • #45,816
  • Oct 12, 2009 7:13am Oct 12, 2009 7:13am
Quoting jarroo
Touch or blind entries are tough to do. I demo them a lot with so-so results. But when I see a great location and then PA, it sure makes life alot easier for me.

Still waiting for PA to develop on the Eur/Jpy.
Amen Bro!

I am into touch trades and what I know for a fact is that the single most important thing that will matter the most in your touch trading method is the time you've been doing it for. It takes IMMENSE experience, and that's practically all that it takes.

g.
I believe . . .
  • #45,817
  • Oct 12, 2009 7:33am Oct 12, 2009 7:33am
Quoting ghous
Amen Bro!

I am into touch trades and what I know for a fact is that the single most important thing that will matter the most in your touch trading method is the time you've been doing it for. It takes IMMENSE experience, and that's practically all that it takes.

g.
Yes.

I hope anyone intending to trade this way for the first time is DEMOing for a while in real time.

You need to know your Support/Resistance VERY WELL and, in my opinion, know the instrument you are trading very well too.

Most importantly... DO NOT LET YOUR WINNERS BECOME LOSERS.
.
Bundy's status today: "Waiting..."
  • #45,818
  • Oct 12, 2009 7:49am Oct 12, 2009 7:49am
Quoting bundyraider
Yes.

I hope anyone intending to trade this way for the first time is DEMOing for a while in real time.

You need to know your Support/Resistance VERY WELL and, in my opinion, know the instrument you are trading very well too.

Most importantly... DO NOT LET YOUR WINNERS BECOME LOSERS.
.
It helps, even in the demo, to be super super picky. Only taking touches at round number levels, with PPZs that even my grandma could see, or at clear double top/bottoms with divergence round number and PPZ confluence (those are sweet)

The main problem with touch trading too early in the learning curve is that you are doing it for all the wrong reasons. The one thing that will kill you in touch or low time timeframe trading IMO is doing it because you want more opportunities to trade.

Newer traders see more opportunities to trade as more opportunities to make money. When you've been down this road a little while you see more opportunities to trade as more opportunities to lose money.

On lower timeframes, and with touch trading you need to be super super picky. I only trade 4H live and I often watch a week go by without taking a trade. I'm fiddling with other approaches on demo but I am in no hurry. If you're eager to get to the high frequency of opportunity strategies then you are in a hurry. And it will kill you. Because being in a hurry will make you more tempted to take borderline trades. And there are plenty of borderline touch or 1H trades. And then you'll be a few percent down, and of course because you're in a hurry, you'll be eager to make it back. So you'll overtrade, and suddenly you'll be far down. And looking at an account balance that says "if I'd taken the month off and gone to the beach I'd be better off financially than I am now". I say this from recent experience.

I've said it recently and it's worth repeating I think. If you see everyone trading up a storm using all these different methods, including people like benji who have taken to it like a duck to water, please try not to let it affect your learning curve. Your learning curve runs at your own pace. You will find methods that suit you. But not if you rush into trying to learn everything at once. Focus on a few things that work and then work them to iron out your psych issues. Then when you come back to learn that new strategy you'll do it much quicker.

Jim has put a lot of thought into teaching a method that allows you to still be in the game a year after you start. Staying above water in the early days is the key IMO. Because then everything settles in naturally. But if you're overleveraging and rushing, the tragedy is that you may not be around to see that stage of the learning curve.

Don't worry about small returns. Compounding and adding in is a small miracle.

The rewards of this business are huge. Huge. Be kind to yourself and give yourself the chance to achieve them.
  • #45,819
  • Oct 12, 2009 7:57am Oct 12, 2009 7:57am
EURCHF 4H dbhlc

-Swing high
-Big size
-From 1.5200

EURJPY 4H pin bar

-Swing high
-From 133.00
-Lots of space below

-Size could be bigger, though


I think I'm going to take the EJ.
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  • #45,820
  • Oct 12, 2009 8:30am Oct 12, 2009 8:30am
Quoting TiaForex
It helps, even in the demo, to be super super picky. Only taking touches at round number levels, with PPZs that even my grandma could see, or at clear double top/bottoms with divergence round number and PPZ confluence (those are sweet)

The main problem with touch trading too early in the learning curve is that you are doing it for all the wrong reasons. The one thing that will kill you in touch or low time timeframe trading IMO is doing it because you want more opportunities to trade.

Newer traders see more opportunities to trade as more opportunities...

yep. spot on Aaron...
now your getting it.. you sound more relaxed lately too.
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