james16 Chart Thread

Hey Dan

there are two ways to play pullbacks. You can sell as you did right at the former breakout area. This would be in the touch trade arena. Or you can wait for confirming PA. I notice you wrote trade failed, but this trade was a perfect one if you played a touch there. If you look at 8990 this is clearly that first trouble zone so IMO on a touch trade you are at b/e at worst at that point sine it is more aggressive trading with tighter stops. I always wait for PA on my pullbacks sine I am more conservative.

Best
Mike

[quote=atclarkson;3259709]No trust issues, I just like to make things easier for people. (you do not need the mq4 file to use the EA) However, if anyone wants the code, I'd be happy to provide it as well! (I actually sent it to a member a week or so ago who wanted to modify the EA a little)

Hey clarkson i've love to have a gander at the code if i may!

regards

ic

Actually that is apart of the default settings in my account..
Not sure what's going on..

However, thanks mate

hello guys

isn't supposed that you guys celebrating thanksgiving, what are the wall streat guys doing now, have they forget for taking profits

on the e/u I have take profit on the 1.5 althought I was expected to go higher, based on what it's happening on equities markets,but not so fast.

Anyway I think that she will go much more higher 1.535 will be the next station, I remeber that back some weeks ago I was telling you that this month will have 1.535, but haven't boder to find that post, you should find it if you want.

and here is one more hint on the u/j look for 87.12, hope you guys know what to do, I think there I will meet rac again .

wish you the best!!

this is a bit late in the day for me to be trading (i'm was just about to turn the comp off) this did catch my attention!

i'll stay online a little longer i think....

fist pic is 4h, second is 1h oh its eur/gbp

Also divergence on 1H...

Thanks for your feedback Mike.

Sorry I sent this late but I only look at the thread end of day.

Mike and 'Others'

Any thoughts on USD CAD

Is this a valid break of support.

Is this one to short.

P

Hey P

There isn't really any bar confirmation to tell us what is happening here so it would be aggressive if you ask me. Also remember everyone tomm is a holiday in the US and that means the markets are going to be much more illiquid for the remainder of the week which either means extreme dead time or erratic movements. This is a time when PA might not follow course as much as other times.

Best
Mike

Looking at taking this pin bar long. Anyone would like to offer their thoughts? Thanks.

Pros
Trendline bounce
50 fib retrace
Long nose with open/close in top 1/3 of bar

Cons
Protusion is kind of small
Average size bar

I like this setup, but the Cons worry me a bit. Anyone considering this or would like to comment?

I won't be taking any more setups this week because i have read that the holidays can sometimes have an erratic effect on markets or just kill volatility. You could add that to your con list. good luck.

Happy Thanksgiving to Jim, Mike and the many others on this thread who are in the US for tomorrow.

Scooter,

What an AWESOME TOOL!!! Thanks! Been running VISTA for over a year and never knew that existed!!

I'll bet there are a few hopping on board this touch trade...

U JPY
Third time back to all time low of 87.0 Level.
Bit of space to run up and get to BE (70 or 80 pips)

I'd love a senior take on this... am I looking at it correctly? I won't be taking this trade as it is not part of my rules or method right now, but it sure looks juicy from this side of the fence.


PS used the snipper to screenshot this... awesome tool Scooter!

Thanks Mike.

My fingers are itching to do something!

Happy thanksgiving to Jim, Mike and all of you.

No holiday for me in this part of the world!

i hope no one takes offense to this.

i will still continue to not hype things here even though 999 out of a 1000 would.

dammit ive tried to be different and i guess i just want to get this off my chest.

please allow me to do that.

UPDATE 11/25/09 - ABOUT THE JAMES16 GROUP PAID SERVICE

For those of you that are new to this thread i have finally decided to post something about our group in post #1. For 5 years this thread has been located in the general forum and we have had a policy OF NOT pushing people to join that group. In fact we have been mental about it. You could go weeks reading this thread and not know of the paid service. Thats really not going to change EVEN THOUGH we are now located in a commercial area of the forum WHERE WE CAN IF WE CHOOSE TO DO SO.

I HATE BEING IN THIS AREA BUT I RESPECT THE DECISION BY FF TO DO THIS.

Since i am here and although i am sure there are a few good people here like jacko and a few others it will become a breeding ground for the very people i have sought to seperate myself from for 5 years.

How have i tried to seperate myself you ask? In many ways and i wanted to give you a list. This list was developed by trying to treat new traders the way i would want to be treated and not just to get in your pocket.

THE JAMES16 GROUP IS THE GOLD STANDARD IN THIS BUSINESS FOR ETHICAL BEHAVIOR AND PRODUCING SUCCESFUL STUDENTS.

I AM PROUD TO SAY...


1. HOW MANY EDUCATIONAL SITES ASKING FOR YOUR MONEY DO NO ADVERTISING? NONE. NEVER A DIME.

2. HOW MANY EDUCATIONAL SITES HAVE BEEN ASKED BY EVERY MAJOR BROKER IN THE WORLD TO PARTNER WITH THEM AND THE SITE HAS SAID NO TO EVERY ONE OF THEM?

3. HOW MANY EDUCATIONAL SITES HAVE NO AFFILIATES BY CHOICE?

4. HOW MANY EDUCATIONAL SITES WERE CREATED BY REQUEST?

5. WHAT EDUCATIONAL SITE IS SO RESPECTED FOR ITS HONESTY AND GOOD CHARACTER TO BE ASKED BY THE WORLDS LARGEST FOREX COMMUNITY TO BE ITS ONLY OFFICIAL PARTNER?

6. HOW MANY EDUCATIONAL SITES PURPOSELY CHOOSE TO NOT USE A URL THAT WOULD BE CONSIDERED MARKETING ORIENTED?

7. HOW MANY EDUCATIONAL SITES HAVE AS MANY POSTED UNSOLICITED TESTIMONIALS?
http://www.james16group.us/testimonials.html

8. HOW MANY EDUCATIONAL SITES USE NO FORM OF FREE ADVERTISING SUCH AS YOU TUBE BY CHOICE?

9. HOW MANY EDUCATIONAL SITES ARE HONEST ENOUGH TO GIVE YOU REASONS NOT TO JOIN?
http://www.james16group.us/membersignup.html

10. HOW MANY EDUCATIONAL SITES COULD SURVIVE AND PROSPER FOR 5 YEARS THRU VIRTUALLY NO OTHER MEANS OTHER THAN WORD OF MOUTH AND POSITIVE RESULTS WITH STUDENTS?

11. HOW MANY EDUCATIONAL SITES STATE CLEARLY THAT IF YOU CANT AFFORD US WE WILL HELP YOU FOR FREE?

12. HOW MANY EDUCATIONAL SITES HAVE HELPED 1000 TIMES MORE PEOPLE FOR FREE THAN PAID MEMBERS?

13. HOW MANY EDUCATIONAL SITES TELL PEOPLE TO SPEND A COUPLE OF MONTHS IN A FREE AREA FIRST BEFORE MAKING THE DECISION TO JOIN?

14. HOW MANY EDUCATIONAL SITES TELL PEOPLE NO WHEN THET TRY TO PAY FOR A FULL YEAR UPFRONT SO AS TO MAKE SURE THEY DONT REGRET A LARGE PURCHASE? ( i do this only for people without credit cards and after they have spent time in this free thread)


Honestly i could go on but the bottom line is this. I dont need income from the group to pay my bills like 99.999% of every other site on the net (THAT SHOULD TELL YOU SOMETHING) but thats not why i do things the way i do.

After 26 years in this business i know how hard it is to find truly decent people.

THE JAMES16 GROUP IS ABOUT TREATING YOU WITH DECENCY AND RESPECT AND TRYING TO GIVE YOU A CHANCE AT SUCCESS INSTEAD OF TREATING YOU LIKE A DOLLAR SIGN.

YES THE JAMES16 GROUP IS THE GOLD STANDARD AND WHEN I LOOK OVER MY SHOULDER I SEE NO COMPETITION.

IS THE ABOVE HYPE OR EMPTY PROMISES? IS IT VANITY OR EGO?

NO ITS THE TRUTH.

EURCHF looks like it's winding itself up very tight. Does anyone think there potential for a breakout here, or is the nature of EURCHF to be rangebound and any movement would more than likely be a fakeout?

Hi James,
I'm a long time listener, first time caller. I've been trading for about 1 year, but discovered this thread only about 3 months ago. Already I've noticed significant improvement and consistency in my trading since reading this thread. The first 2 months was about internalizing your teachings and learning from my own mistakes (journaling is a good habit). And this month I have 18 winners out of 23 trades (with the 5 losers due to not moving the stop loss fast enough). It's the "location, location, location" advice that's constantly hammered in this thread that finally made it click for me. So thank you from the bottom of my heart.

Happy thanksgiving to you and to everybody in this thread!