james16 Chart Thread | Page 2508 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #50,141
  • Dec 20, 2009 7:18pm Dec 20, 2009 7:18pm
Quoting raczekfx

We've got dozens of good markets to trade and at any given time there are always few ,that trend nicely. It's the easiest money. I would spend my energy to capitalize on them first, if I was just starting out...
.
rac, may i ask what you consider to be the best trending markets or the best markets to trade. Im doing alot of chart watching and demoing and would like to keep an eye on these markets you speak of.

ty
bulls
Whats happening in EUR/USD should be happening to you!
  • #50,142
  • Edited 8:39pm Dec 20, 2009 8:19pm | Edited 8:39pm
Quoting ghous
Although it seems like a paradoxical statement it is absolutely true that - "going slow and steady is the fastest way to make it in this business"

g.
I concur wholeheartedly G.

It's trying to get what I want in a hurry that has impeded my progress.
Wise wise words.

I read a story lately about how the chinese chose horses for their generals.
They made an astute observation. Those that learn very fast, often forget equally as fast. Thus, those horses fail to make the cut. It is the horses that learn slower but never ever forget anything taught that make the grade.
Translating: "The learning must penetrate to the bones"; to the very essence of the horse. These make it.

The key is to make steady progress, and never "walk backwards".
That I suppose is where the discipline comes in.
One Mind, Any Market
  • #50,143
  • Dec 20, 2009 8:36pm Dec 20, 2009 8:36pm
Quoting raczekfx
Before anyone jumps with an answer, let me ask you, why would you want to trade market like this?
You will get killed 98% times and your account will go down in value with a lightning speed.

We've got dozens of good markets to trade and at any given time there are always few ,that trend nicely. It's the easiest money. I would spend my energy to capitalize on them first, if I was just starting out...

On the other side, those who master sideways market, ..will never look back...
.
prob best post in a lot of pages recently
  • #50,144
  • Dec 20, 2009 9:09pm Dec 20, 2009 9:09pm
Quoting Rastaman
Just reading the posts while I am waiting to hear back from J16......
He's in the "mountains". There are so many mountains out here. I'm in Raton, New Mexico today and tonight. No sign of him here. I'll be in Crested Butte through Christmas. I'll post a pic if I have a J16 sighting.

K.I.S.S.
  • #50,145
  • Dec 20, 2009 9:42pm Dec 20, 2009 9:42pm
Quoting phpscott
My account is not that large yet (4 digits). All of my analysis is done on daily/weekly. Although, I did take one 15 min. trade this month but that was based on what I saw on the daily timeframe. I believe James refers to what I do as day trading the daily timeframe.

Scott
I think we must trade in a very similar approach. That is how I would describe my trading almost to a tee. I trade the daily and weekly (very seldom the 4 hour) but manage my postions through the day by either limiting losses or locking in profits (along with TP's). I have had people ask why I don't trade shorter time frames but I see no reason too. In fact I think my performance would suffer greatly.

The key to me is adapting J16's golden knowledge to your own style of trading. Once you match it to your trading personality (so to speak) it is like spinning the last number on a combination lock.....success.

Nathan

Nathan
  • #50,146
  • Dec 20, 2009 9:53pm Dec 20, 2009 9:53pm
A two day almost pin -
I know it's not apin but bounced off a big round number and the trend is down?
Trying this one - also note should have waited for a break lower too.
but I am able to babysit this one.
comments/concerns welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: U-C1222.jpg Size: 153 KB
  • #50,147
  • Dec 20, 2009 10:04pm Dec 20, 2009 10:04pm
Boo Vikes
Go Panthers!!!!!!

Quoting perch
A two day almost pin -
I know it's not apin but bounced off a big round number and the trend is down?
Trying this one - also note should have waited for a break lower too.
but I am able to babysit this one.
comments/concerns welcome.
skype: ststroud. let's talk trading.
  • #50,148
  • Dec 20, 2009 10:10pm Dec 20, 2009 10:10pm
WoW - LoL - looking GREAT - for you.

Now go get some pips too.
  • #50,149
  • Dec 20, 2009 10:13pm Dec 20, 2009 10:13pm
Quoting Scot Pippin'
Just wondering how many J16'ers use Fib extensions for profit targets or....
not really sure, but u might wanna check out SeekingLight or traderathome's posts.
btw, fib expansion & fib extension may be interchangeable or interrelated (do verify this)
  • #50,150
  • Dec 20, 2009 10:22pm Dec 20, 2009 10:22pm
Quoting perch
A two day almost pin -
I know it's not apin but bounced off a big round number and the trend is down?
Trying this one - also note should have waited for a break lower too.
but I am able to babysit this one.
comments/concerns welcome.
I'm waiting on this one to trigger. The blue spot I put there last week waiting for it to hit. Round,(and nice zone at 1.05) trend is down as you said, also it is thru a Trendline(purple), and the 150MA. I have a sell order at 1.0376. Let's watch!

http://i189.photobucket.com/albums/z.../dec18uchf.jpg
  • #50,151
  • Dec 20, 2009 10:31pm Dec 20, 2009 10:31pm
Quoting perch
... and the trend is down?
...
Is it?

Here's your trend on 1h, 4h, 1d and 1w.

I'd wait for price to come down to 1.015/.02 and go WITH a trend...
..
Attached Images
  • #50,152
  • Dec 20, 2009 10:54pm Dec 20, 2009 10:54pm
I have an EA that manages my trades for me but same effect. I do take PA setups that would make others cringe, but do not take every setup that appears. I may not be picky but my trading still evolves around support and resistance. I have been trading this way for 17 months and never considered looking back. I do trade like Mike on a demo account as I do want to improve on my patience. It's slightly under break-even.

Oh, this month has been my best month in a LONG time... currently +16.15%. The 15 min. trade was a runner. Just watch me enter a slump now.

Scott

Quoting dobe_r_man
I think we must trade in a very similar approach....
  • #50,153
  • Dec 20, 2009 11:02pm Dec 20, 2009 11:02pm
Quoting phpscott
...Just watch me enter a slump now.
Hey Scott,
a small 'retracement', perhaps.... in a long but slow uptrend?

Think positive!
  • #50,154
  • Dec 20, 2009 11:03pm Dec 20, 2009 11:03pm
StoragePro,
online

in case u'll be out again for a few months... Happy Holidays
(if possible, post your pics in Kauai )
  • #50,155
  • Edited Dec 21, 2009 12:15am Dec 20, 2009 11:47pm | Edited Dec 21, 2009 12:15am
Quoting supremeChaos
StoragePro,
online

in case u'll be out again for a few months... Happy Holidays
(if possible, post your pics in Kauai )
Damn Internet Spies....

Just had a nice Dinner at the Hanalei Dolphin. Sushi. Yum.

Winding down our trip to Kauai. Nice place, people. Real nice. I can see why FijiTrader lives in a place like this. The mind tends to rest here.

A few pics:

Breakfast at sun up...

The "Jurassic Park" water falls. (only by chopper - private property - we rock. )

A Shot of the Na Pali coast from the air.

A shot of the Na Pali coast from the Kalalau trail (good lord, I humped my butt today!)

And two shots of the same beach - one from March 2008, and one from this week. Same beach, same spot. Two weeks ago there were 30 and 40 foot rollers hitting this thing straight on. The sand will be back in a few months.

I really do like Kauai. Very laid back and quiet. I am staying in Haena, about a mile and half from 'The End of The Road". Very quiet.


..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Breakfast in Haena.jpg Size: 64 KB
Click to Enlarge Name: Jurassic Falls.jpg Size: 72 KB
Click to Enlarge Name: Na Pali 2.jpg Size: 57 KB
Click to Enlarge Name: Na Pali.jpg Size: 48 KB
Click to Enlarge Name: Secret Beach March 2009.jpg Size: 194 KB
Click to Enlarge Name: Secret-Beach-After-the-Big-Waves.jpg Size: 304 KB
I'm pretty much done with all this ...
  • #50,156
  • Dec 20, 2009 11:56pm Dec 20, 2009 11:56pm
I was just wondering. Ive been watching J16 vids last few hours in the guest area of his website. Is there like unlimited material in the members area. Like do you guys have regular webinars and such?

ty
bulls
Whats happening in EUR/USD should be happening to you!
  • #50,157
  • Dec 21, 2009 12:04am Dec 21, 2009 12:04am
Quoting BullsAndBear
I was just wondering. Ive been watching J16 vids last few hours in the guest area of his website. Is there like unlimited material in the members area. Like do you guys have regular webinars and such?

ty
bulls
Unlimited?? Well, not "unlimited", but yes, you get it all. MBQB11 does most of the webinars lately, and sorry if I sound like a sycophant, he is pretty good. There are regular webinars and chats, and the forus are very good too.

James has a bunch of webinars up there.

And there is a lot of psych material. You need that more than you know. The mechanics of trading is fairly simply, the stuff in your head is hard, and vast.

The big question you have not asked out right is: "Is it worth it?" Maybe. Spend some time here - trust me on this, there is much to learn right here, then after some months (I waited a year) decide what to do.
I'm pretty much done with all this ...
  • #50,158
  • Dec 21, 2009 12:22am Dec 21, 2009 12:22am
Quoting StoragePro
Damn Internet Spies....
...
..
Nyahahaha...
Thanks!

are those personal pics or internet pics?
Thanks for sharing!

nice trading (james16 method) + nice place (like Kauai) = living paradise
  • #50,159
  • Dec 21, 2009 12:27am Dec 21, 2009 12:27am
Quoting BullsAndBear
... Ive been watching J16 vids last few hours in the guest area of his website. Is there like unlimited material in the members area....
Hello...
from what i've heard, from posts here & PM (some J16 PF members), there are tons of videos & 'articles'.
personally, i like that & look forward to it once i join...
hopefully next year.
  • #50,160
  • Dec 21, 2009 12:39am Dec 21, 2009 12:39am
Quoting supremeChaos
Nyahahaha...
Thanks!

are those personal pics or internet pics?
Thanks for sharing!

nice trading (james16 method) + nice place (like Kauai) = living paradise
Actually, give me the South of Spain. Nice weather, nice standard of living, and I get to trade TWO market opens in the course of a normal day. <must keep thinking differently>

South of Spain, that is the ticket for me.

Adios!
I'm pretty much done with all this ...
60 traders viewing now, 1 is registered:
Zojahamad