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

Some help with James16 thread

  • #1
  • First Post: Edited 11:02pm Jan 20, 2010 10:49pm | Edited 11:02pm
I wanna start to understand price action but, I think I don't have enough knowledge to understand that thread.
So... what I need to know to study the thread?
I read babypips if it help...
Maybe I should read some more specific before start... I don't know, I'm waiting for some advices
  • #2
  • Jan 20, 2010 11:26pm Jan 20, 2010 11:26pm
Hi,

As a 6 month newbie to forex myself I would say going through the school at babypips is a very good place to start then read the first 2000 posts on j16.
Learning to be rigid in my rules & flexible in my expectations
  • #3
  • Jan 21, 2010 12:06am Jan 21, 2010 12:06am
AQ thats not price action... its candlesticks... buy a nice candlestick trading book for a primer then move to J16 thatll help... used bookself stuff nothing fancy jsut to know the formations
  • #4
  • Jan 21, 2010 12:45am Jan 21, 2010 12:45am
Treefingers and Domino are right. Work hard. Don't give up. If you're not making money after 3 years then consider something else. Also - are you aware of how much capital needed to make a living in Forex? It's a lot. The "sticky" threads at the top of the rookie section are well worth reading. PeterFM's thread likewise is a very good read. Good luck. Work hard.
Gone to a better place
  • #5
  • Jan 21, 2010 12:53am Jan 21, 2010 12:53am
Quoting AQs
I wanna start to understand price action but, I think I don't have enough knowledge to understand that thread.
So... what I need to know to study the thread?
I read babypips if it help...
Maybe I should read some more specific before start... I don't know, I'm waiting for some advices
Given that you've not just "read" babypips but you've also "understood" it...it should be more than enough.

Like somebody mentioned above go through the first few hundred pages of the thread at least and try and absorb the information. The help already provided in terms of posts there is pretty easy to get an initial hold off,

If however you think that you're lost despite reading through the first part of the thread contact me or anybody else from the thread via pm and we can take you along...no worries...

g
I believe . . .
  • #6
  • Jan 21, 2010 10:16am Jan 21, 2010 10:16am
Quoting smikester
are you aware of how much capital needed to make a living in Forex? It's a lot
I know it, but it doesn't matter. I'm working very hard and I expect to reach supernova elite (pokerstars bonus of 92k of euros this year) so... I working hard on it. And I will working hard in forex that's fore sure

Quoting ghous
If however you think that you're lost despite reading through the first part of the thread contact me or anybody else from the thread via pm and we can take you along...no worries...
This is great, so I will be read the thread and I will ask you if I am stuck, ty again
  • #7
  • Jan 21, 2010 1:49pm Jan 21, 2010 1:49pm
That is generous of ghous. Does that apply to me too ghous?
Gone to a better place
  • #8
  • Jan 21, 2010 2:08pm Jan 21, 2010 2:08pm
Quoting smikester
The "sticky" threads at the top of the rookie section are well worth reading. PeterFM's thread likewise is a very good read. Good luck. Work hard.
Amen to that... Good places to understand some "why?"s....

Once you got the basics of market participants, movers and shakers, s/r, oder flow.... J16 becomes much clearer...

I keep going back there from time to time.... we never stop learning at all.....



Cheers!
Many share my views with me. But I don't share them with them...
  • #9
  • Jan 21, 2010 2:11pm Jan 21, 2010 2:11pm
The place where the most learning will happen is within you.

Write down a simple trading strategy and try it on demo and historical charts until you understand it completely.

And James 16 teaches candlestick setups. I would create a trading system based on his setup and drag the chart and log each trade as you make it.
  • #10
  • Jan 21, 2010 10:01pm Jan 21, 2010 10:01pm
Quoting smikester
That is generous of ghous. Does that apply to me too ghous?
To anyone Mike.

g.
I believe . . .
  • #11
  • Feb 2, 2010 5:40pm Feb 2, 2010 5:40pm
Quoting AQs
I wanna start to understand price action but, I think I don't have enough knowledge to understand that thread.
So... what I need to know to study the thread?
I read babypips if it help...
Maybe I should read some more specific before start... I don't know, I'm waiting for some advices
Even if it sounds complicated you should start reading that thread
You need to get accustomed to the charts as soon as possible, you need to start getting a feel of how the market moves yourself.

You cannot do this by reading more information and asking more questions. Just do it and be patient with yourself as you learn.

GL,
Sniper
  • #12
  • Feb 2, 2010 6:04pm Feb 2, 2010 6:04pm
eheh ty
  • #13
  • Apr 30, 2010 5:07am Apr 30, 2010 5:07am
Do the first 1000 pages of j16 then just keep up to date with the thread.
PA is where its at!!
  • #14
  • Apr 30, 2010 5:08am Apr 30, 2010 5:08am
Then pay attention to mike, jim and jarroo's posts as you go along + 1 or 2 others.
PA is where its at!!
  • #15
  • May 1, 2010 3:43pm May 1, 2010 3:43pm
I heard a lot of talking about this James16.
Can someone point me to this thread link?
Thanks.
The more experience the closer to the reality
  • #16
  • May 1, 2010 5:48pm May 1, 2010 5:48pm
Here ya go
  • #17
  • Edited May 3, 2010 12:05am May 2, 2010 11:28pm | Edited May 3, 2010 12:05am
Hi, people.

This is my first post.

My spouse has been trading and posting on this forum for over a year and I decided last December that, as my other half is trading part of our savings & spends a great deal of time studying Forex, I had better gain a little knowledge as to understand at least the basics of what our savings are being invested in.

I completed everything on the Babypips site and found it a fantastic experience, and can hardly believe that it is a completely free site.
I also started to read the J16 thread and have recently finished it and am in awe at the accuracy with which these people are making successful trades.

In another week I will also have completed the 3 month demo trading price action I learned in the J16 thread. Fortunately the results are good but not brilliant & I think I need to post about the trading decisions I am making and interact with people more.

Well, anyway, Good trading to us all.
  • #18
  • May 3, 2010 12:30am May 3, 2010 12:30am
Quoting Pinbar
Hi, people.

This is my first post.

My spouse has been trading and posting on this forum for over a year and I decided last December that, as my other half is trading part of our savings & spends a great deal of time studying Forex, I had better gain a little knowledge as to understand at least the basics of what our savings are being invested in.

I completed everything on the Babypips site and found it a fantastic experience, and can hardly believe that it is a completely free site.
I also started to read the J16 thread and have recently finished...
dear pinbar i am also in awe of how accurate people say they are in an online forum where they can change there name if caught blowing an account or whatever... do not fall into hype judge everything with a careful eye things in this industry are not alwayswhat they seem to be or even near 50% of what they seem.... for example you can ask yourself why if someone is so amazingly accurate whose trades are awe inspiring why does he charge 1000 dollars to teach this on his Private forum.. im not saying that he isnt a good trader youll never know for sure.. I just know that well because im a trader i know i dont need to sell training to make money in the markets.. once youve built your account and your a trader.. you realy have to ask yourself.. why bother? I could make one trade on a 1M account and make the sum of these people buying into my training.. so why bother.. and if your making enough money.. why bother charging if you wanna do something good for people.. upkeep? well a website costs maybe 100 bucks to run to maybe 300 bucks.. so how does 1000 bucks mean anything for upkeep charges.. anyways ... think foryourself... study yourself.. watch carefully for those who have been here 4+ years and have shown results for 4+ years and try to follow what they do..
  • #19
  • May 3, 2010 1:29am May 3, 2010 1:29am
Hi, Thanks for the reply.

I am not sure what you are referring to in changing names or blowing an account. I have fortunately fallen to prey of neither of those circumstances.

There are many systems here for us to study, I personally prefer the longer time frame systems such as M240 or daily.

The J16 system is reasonably easy to understand and effective for even a beginner such as myself. Although, one does need to learn the basics and baby pips was recommended to me and well worth the time spent there.
  • #20
  • May 3, 2010 2:20am May 3, 2010 2:20am
Quoting Pinbar
Hi, Thanks for the reply.

I am not sure what you are referring to in changing names or blowing an account. I have fortunately fallen to prey of neither of those circumstances.

There are many systems here for us to study, I personally prefer the longer time frame systems such as M240 or daily.

The J16 system is reasonably easy to understand and effective for even a beginner such as myself. Although, one does need to learn the basics and baby pips was recommended to me and well worth the time spent there.
Domino is right about being weary. There are a lot of sharks hanging around this industry. He hasn't hung out in the thread personally though to make that judgement call.

Continue to hang out in the thread man and you won't regret it. There are many of us in there that have been there pretty much since it began. ...Without changing names.
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Bundy's status today: "Waiting..."
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