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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

  • #46,901
  • Oct 26, 2009 4:51pm Oct 26, 2009 4:51pm
Quoting atclarkson
FXPro Daily Close Time

I know alot of you guys use FXPro.... why have my FXPro Daily Bar Close Times changed? It closes at 5pm everyday, and now it's closing at 6pm (EST)

confused...
yeah, I don't know when it changed... maybe it'll be fine after next weekend when time stands still for an hour in the US...

Josh
  • #46,902
  • Oct 26, 2009 4:55pm Oct 26, 2009 4:55pm
Quoting Jduester
yeah, I don't know when it changed... maybe it'll be fine after next weekend when time stands still for an hour in the US...

Josh
Hi Folks,
Here in Europe we changed our clocks back 1 hour...same thing happened with my broker ActivTrades.

Cheers,
Mikali
  • #46,903
  • Oct 26, 2009 4:56pm Oct 26, 2009 4:56pm
Quoting Jduester
yeah, I don't know when it changed... maybe it'll be fine after next weekend when time stands still for an hour in the US...

Josh
I have been failing at this long enough to remember that every year when the time falls back or springs forward, the MT4 charts get off.

My charts are all off one hour for right now. By next week, they should be back.
  • #46,904
  • Oct 26, 2009 5:51pm Oct 26, 2009 5:51pm
Quoting unlv_tj
I have been failing at this long enough to remember that every year when the time falls back or springs forward, the MT4 charts get off.

My charts are all off one hour for right now. By next week, they should be back.
yes I believe it is the first sunday in november when we do it in the US
  • #46,905
  • Oct 26, 2009 7:47pm Oct 26, 2009 7:47pm
awesome guys, I got an email from FXPro that said the same thing. We'll be back to normal after DST.

Thanks!
  • #46,906
  • Oct 26, 2009 8:39pm Oct 26, 2009 8:39pm
Here is a pattern that I have been following and I hope it will be the helpful to others.

Let's take the recent USD/CHF daily chart.

On spot #1, we noticed something like a reversed PIN. In japanese candle stick language, it's called tombstone (usually on the bottom, or hanging man on the top).

Any of these signals need to have the confirmation. In this case, the confirmation came on the second day when the close is higher (bar #2).

On the break of the confirmation bar, price moves according to the signal. Where does it stop? Jim has taught us that it will most likely be around the buttom of bar #3.

The MACD histogram divergence added more weight on the signal.

Ken
Attached Image
  • #46,907
  • Oct 26, 2009 10:28pm Oct 26, 2009 10:28pm
No reply from him. Confused. Perhaps, he is not using J16 method then....

Quoting raczekfx
There is no room for maybes in this business, but trading plans sure helps.
Resistance for my plan was located around 1.4880 (dump all) area.

Quoting kk007
Hi Rac,

Would you mind telling how you enter your 3 trades? I can't see how you have used J16 Price Action at all?

Many thanks,

kk007
  • #46,908
  • Oct 26, 2009 11:04pm Oct 26, 2009 11:04pm
Quoting kk007
No reply from him. Confused. Perhaps, he is not using J16 method then....

Yes he is using J16 he has just tweaked it to his trading style. J16 is a base trading method which traders adapt to suit their own personalities.

He is not obliged to reveal how he trades exactly. Those who know him understand he does not spoon feed entries and exits. He may give you clues(check his posts through this thread) of what he is thinking at the time in his charts or posts in which you can study to learn more about how he picks his entries and exits.

Being a lifetime member of J16 I'm still always on the look out for any gems he may leave on a chart for me to learn and adapt to my trading style.

He is suppose to be taking a hard earned break from the forums so that's why he may not reply for a while.

happy trading

Letitride
  • #46,909
  • Oct 26, 2009 11:17pm Oct 26, 2009 11:17pm
hi
this is my first time to post in this thread
i see this thread is most popular in FF, i tried some technic james present in the first 20 pages of the thread, and i lost...sure i know i cannot be profitable over night but i also in doubt will this strategy, system , method ...(or whatever you guys want to call it is) work???
Sorry i don't mean anything but before i invest my money and time for it( i know you guys has service for newbie) i want to be sure i will learn something

So please anyone who tried this system ( i see james open the thread from 2005 mean 4 year from now) , can post your bank's statement in at least 2 years trading?? with the win is at least 70 out of 100 times . OK you can win 50 /100 or worse 10/100 but your money at the end must be 70/100 i mean you can lose 90 times , won 10 times ; but your money per time you win =22.5 times the money you lose per trade if you win 1 and lose 99 the money you win =225 (time) the money you lose so on.....

sorry i don't mean blunt but if no one can give me a proof in at least 2 years trading i cannot belive , with 10 trade and win even 10 times is nothing with me it is like going to the street and you meet first 10 people and ask them who they are gonna vote for next president and base on their idea you will confirm who next president is
  • #46,910
  • Oct 26, 2009 11:22pm Oct 26, 2009 11:22pm
Quoting letitride
Yes he is using J16 he has just tweaked it to his trading style. J16 is a base trading method which traders adapt to suit their own personalities.

He is not obliged to reveal how he trades exactly. Those who know him understand he does not spoon feed entries and exits. He may give you clues(check his posts through this thread) of what he is thinking at the time in his charts or posts in which you can study to learn more about how he picks his entries and exits.

Being a lifetime member of J16 I'm still always on the look out for any gems he...
Hi Letitride,

Thanks for your reply. You have cleared my confusion.

kk
  • #46,911
  • Oct 27, 2009 12:05am Oct 27, 2009 12:05am
Quoting dobe_r_man
....Shelby the ingenius one would take a tennis ball, loft it on the couch to set off the noisy traps and then go about enjoying her peaceful rest.


Nathan
Love Dobes. Incredible. Youtube next time!
May all your fits be loose.
  • #46,912
  • Oct 27, 2009 12:18am Oct 27, 2009 12:18am
sorry i don't mean blunt but if no one can give me a proof in at least 2 years trading i cannot belive


Hey 00

I dont think that someones bank statement will help you trade this method better.

You should study it and try it out on demo for a few months and see what happens.

You may be pleasantly surprised.
  • #46,913
  • Oct 27, 2009 12:35am Oct 27, 2009 12:35am
Hi
You are not the only one impressed by his trading.
I have asked him about it, and he said that this is achieved after years of screen time.
I respect that.
I am just thinking, could it be the famed 'touch trades'?



Quoting kk007
Hi Letitride,

Thanks for your reply. You have cleared my confusion.

kk
  • #46,914
  • Oct 27, 2009 12:44am Oct 27, 2009 12:44am
Quoting the novice
Hi
You are not the only one impressed by his trading.
I have asked him about it, and he said that this is achieved after years of screen time.
I respect that.
I am just thinking, could it be the famed 'touch trades'?
In my experience, I feel learning chart reading is like learning a foreign language without being systematically taught. In each occasion, I am only given a right or wrong response for my use of the langage. It is no surprise that it may take years to master it.
  • #46,915
  • Oct 27, 2009 1:41am Oct 27, 2009 1:41am
Quoting Fx00
hi

So please anyone who tried this system ( i see james open the thread from 2005 mean 4 year from now) , can post your bank's statement in at least 2 years trading??
LOL
http://www.swapmeetdave.com/Humor/Cats/CatLaugh.jpg

Thanks for the laugh !
  • #46,916
  • Oct 27, 2009 1:47am Oct 27, 2009 1:47am
Quoting Fx00
Sorry i don't mean anything but before i invest my money and time for it( i know you guys has service for newbie) i want to be sure i will learn something.

So please anyone who tried this system ( i see james open the thread from 2005 mean 4 year from now) , can post your bank's statement in at least 2 years trading??

sorry i don't mean blunt but if no one can give me a proof in at least 2 years trading i cannot belive
oh noes! Please dont not trade with this method - that will severely affect us all

I have consistently made money after learning from James, Mike and the gang. In fact, I'd wager that I have made more in a month than you do in a year. And that was before I joined the pf.

Did you read the first post? You know, the one where Jim tells you to read, learn, demo the method and not go live with your $40 account until you have been proftable for three consecutive months? Why dont you give that a shot and decide for yourself? It wont cost you a cent.

I love posts like this. I DEMAND YOU GIVE OUT YOUR BANK STATEMENTS RIGHT NOW TO AN ANONYMOUS INTERNET POSTER OR ELSE I REFUSE TO DO MY OWN RESEARCH INTO YOUR FREE THREAD!


also: http://www.forexfactory.com/showthread.php?t=195234

Maybe trading isnt for you, friend.

Quoting pipmyride
Thanks for the laugh !
lol. that picture is too funny. and accurate.
When you have to shoot, shoot. Dont talk.
  • #46,917
  • Oct 27, 2009 2:14am Oct 27, 2009 2:14am
Quoting joelcf
oh noes! Please dont not trade with this method - that will severely affect us all

I have consistently made money after learning from James, Mike and the gang. In fact, I'd wager that I have made more in a month than you do in a year. And that was before I joined the pf.

Did you read the first post? You know, the one where Jim tells you to read, learn, demo the method and not go live with your $40 account until you have been proftable for three consecutive months? Why dont you give that a shot and decide for yourself?...
Never say never.
  • #46,918
  • Oct 27, 2009 2:43am Oct 27, 2009 2:43am
Quoting joelcf
oh noes! Please dont not trade with this method - that will severely affect us all

I have consistently made money after learning from James, Mike and the gang. In fact, I'd wager that I have made more in a month than you do in a year. And that was before I joined the pf.

Did you read the first post? You know, the one where Jim tells you to read, learn, demo the method and not go live with your $40 account until you have been proftable for three consecutive months? Why dont you give that a shot and decide for yourself?...
http://www.forexfactory.com/showpost...6&postcount=15

PS: Bravo Joel. I'd like to buy you a beer. Can I take your side of the wager?
One Mind, Any Market
  • #46,919
  • Oct 27, 2009 2:52am Oct 27, 2009 2:52am
Quoting joelcf
I love posts like this. I DEMAND YOU GIVE OUT YOUR BANK STATEMENTS RIGHT NOW TO AN ANONYMOUS INTERNET POSTER OR ELSE I REFUSE TO DO MY OWN RESEARCH INTO YOUR FREE THREAD!
Me too...
  • #46,920
  • Edited 3:36am Oct 27, 2009 3:10am | Edited 3:36am
Hi FX00,

I saw from your other posts that you are looking for a mentor.

YOU WILL NOT find a better place then this to learn “for free”.

Perhaps the source of your frustration is that you are trying to make trading into something it is not or ever will be.

I remember when I learned to water ski, I tried so many ways to Salomon ski that were wrong, but I did not give up. Then when I finally did it right I remember thinking to myself, “This is so easy”.

Why not let go of the frustration, (We have all been there) follow along with the thread and learn how seasoned traders think.

There are some great traders here. No they do not owe you their account statements.


Best regards

Dale
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