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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

  • #53,601
  • Feb 1, 2010 7:36pm Feb 1, 2010 7:36pm
Quote
dang.... I am getting a black berry so i can catch those email advisory's on the go.... Probably a netbook too, this old laptop has been freezing lately http://cdn.forexfactory.com/images/s...im/worried.gif

Do yourself a favor and don't get a blackberry for trading rim sucks and they don't have even 1 decent trading app that is free. Of course if you want to spend $60 with esignal with a monthly subscription you could get live charts from them. Otherwise you are far better of with a windows os or an iphone which has forex otg for an app
  • #53,602
  • Feb 1, 2010 7:47pm Feb 1, 2010 7:47pm
This trade I learn from reading rac' post, finding the Zone to get a Big R...
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Back to the beginning ... demo
  • #53,603
  • Feb 1, 2010 7:49pm Feb 1, 2010 7:49pm
Quoting goldtrader
This trade I learn from reading rac' post, finding the Zone to get a Big R...
unbelievable trade. That is the type of trade you need to make only once a month to make the month for yourself....
Many choose unhappiness over uncertainty.
  • #53,604
  • Feb 1, 2010 7:49pm Feb 1, 2010 7:49pm
Quoting Imphilomath
Hi marxdhr and Mike,

Can you please direct me to the post where you got the pdf from? I understand SR trading is very discretionary, but will be useful for me to start with the basic guidelines ( those worked for gurus like Mike and James) on entry,trade management,exits and then play with those to find what suits my personality.

Appreciate your help.
cheers
Hi Imphilomath,

I'm not sure which PDF you are talking about, but if you want to understand the basics of this method the best advice I can give you is to start reading from post #1. In that post James has links to several summary posts with the main points of this method, so read those first, and then start reading the thread from the start to the finish. I know it seems impossible with 3500+ pages, but trust me, it is the best investment of time you will ever make.

If you want to get great at something, it requires hard work and devoted study time. It is the same with becoming a lawyer, doctor, professional athlete, or musician.

I just finished the thread myself and am now keeping up with it, and am almost done with my second profitable month. I have never had a profitable month before reading this thread, so I can tell you it will greatly affect your trading. Take your time and treat this as a business and you will do really will. Best of luck and please feel free to ask any questions you have along the way, as there are several really generous experts here (James, Mike, Jarroo, etc.) who are willing to share their knowledge regularly.

Cory
  • #53,605
  • Feb 1, 2010 7:52pm Feb 1, 2010 7:52pm
Quoting Dan Gilbert
unbelievable trade. That is the type of trade you need to make only once a month to make the month for yourself....

Sure it will, but I have to pay my duty for times huh ... like someone said: there is no shortcut.
Back to the beginning ... demo
  • #53,606
  • Feb 1, 2010 7:53pm Feb 1, 2010 7:53pm
Quoting goldtrader
Sure it will, but I have to pay my duty for times huh ... like someone said: there is no shortcut.
that is the truth... that setup comes rarely - - well not necesarily, but being able to SEE IT, and have the guts to ACT ON IT is very very very rare. Nice job. I like your posts....
Many choose unhappiness over uncertainty.
  • #53,607
  • Edited 9:23pm Feb 1, 2010 7:55pm | Edited 9:23pm
Finally got them out. Software was a real biatch. Took the whole night.

Summaries of all the posts, sorted by individual from page 3000 to 3500.

Let me know if I missed anyone out. =)
I think most of the seniors should be here.
Attached File(s)
File Type: zip 3000 to 3500.zip   926 KB | 5,632 downloads
One Mind, Any Market
  • #53,608
  • Edited 8:30pm Feb 1, 2010 8:01pm | Edited 8:30pm
Quoting glyder
Hi All
I've had limited time to look at charts since December (family commitments). I see there have been lots of good daily bars in the meantime,.I've missed out a bit but as we know there are always more great bars around the corner.
I've found a beob on usd cad today, I see first target as the 38 fib line.

Any thoughts?

For me its run just above the downwards trendline I had, its looking like it may well act as support and hold it up. Personally I'd wait and see if it breaks it just to be safe and all.
It also looking at it again seems to be supported by the uptrade of the past 10 days of so's trendline.
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  • #53,609
  • Feb 1, 2010 8:29pm Feb 1, 2010 8:29pm
Quoting Catch-22
For me its run just above the downwards trendline I had, its looking like it may well act as support and hold it up. Personally I'd wait and see if it breaks it just to be safe and all.
waiting for the break is always key.... saves money
Many choose unhappiness over uncertainty.
  • #53,610
  • Feb 1, 2010 8:40pm Feb 1, 2010 8:40pm
Quoting Dan Gilbert
waiting for the break is always key.... saves money
And your confidence. Can't forget that one my man! Without confidence, nobody is going to pull the trigger in order to gain the money when the opportunities are right.
I dream, therefore I become.
  • #53,611
  • Feb 1, 2010 8:57pm Feb 1, 2010 8:57pm
Okies, finally I did it. I made the mistake of not reading the thread during weekend and today. After 2 hours I managed to read all the pages. If the big guys will continue to be so present we will finish by having 50 pages each day and make this thread impossible to read from the start, for the new comers

Just 2 obs:

@Dan: You built a very solid trader profile. Seriously. I went over all the pages of this thread and definetely, you made huge progresses. I saw you asking newbie questions, good questions, pro questions and finally, posting very interesting graphs and comments. Congrats mate.

@Jarroo: After reading all the thread at a certain moment I decided to save the most interesting charts. I named them with the pattern and other interesting facts from that chart and today I reached 1000 graphs. Because of you great charts, I decided to name a folder-"Confluence and entries by Jarroo" exactly like I did previously with Mike. Great job guys.

Best wishes,
M
  • #53,612
  • Feb 1, 2010 9:09pm Feb 1, 2010 9:09pm
Quoting marxdhr
Thank you for the clarification Mike. James advised me to stick with Pin Bar and Outside Reversal set ups as well. What about inside bar set ups? Do you take them and, if so, can you please describe or post one that qualifies as an A+ set up?
Hey Marx

Inside bars are good, but just really much trickier. They are much tougher to spot the real good ones from the bad, and often times it is just about catching a real big runner with one to cuont for the few bad ones. I would highly recommend sticking to the A++ outside and pinbars for now. IMO that is the best way to build from

Best
Mike
  • #53,613
  • Feb 1, 2010 9:12pm Feb 1, 2010 9:12pm
Quoting FXMaecenas
@Dan: You built a very solid trader profile. Seriously. I went over all the pages of this thread and definetely, you made huge progresses. I saw you asking newbie questions, good questions, pro questions and finally, posting very interesting graphs and comments. Congrats mate.
Thanks, although I still ask a lot of newbie questions. The good news is, people are still willing to help here. Best thread, stick to it.
Many choose unhappiness over uncertainty.
  • #53,614
  • Feb 1, 2010 9:14pm Feb 1, 2010 9:14pm
Quoting Imphilomath
Hi marxdhr and Mike,

Can you please direct me to the post where you got the pdf from? I understand SR trading is very discretionary, but will be useful for me to start with the basic guidelines ( those worked for gurus like Mike and James) on entry,trade management,exits and then play with those to find what suits my personality.

Appreciate your help.
cheers
Hey IM

Def not a guru here, just a student of the game too. The PDF is just someone who browsed this thread put together, very unofficial. You can find it by clicking the paper clip in the main area where this thread is located. But I would use this post much more so then that pdf

http://www.forexfactory.com/showpost...ostcount=23250

Again not a substitute for all the time and posts in this thread, but a good starting point courtesy of Josh!

Mike
  • #53,615
  • Feb 1, 2010 9:15pm Feb 1, 2010 9:15pm
Hello..just spotted this on cable & would appreciate some input. The small eye to the left is the IBFX sunday bar.

It seems to have a decent looking nose on the pin & confluence with 3 different fibs & just below the nice big number of 1.6000.
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Learning to be rigid in my rules & flexible in my expectations
  • #53,616
  • Feb 1, 2010 9:15pm Feb 1, 2010 9:15pm
Quoting Cbh123
Hi Imphilomath,

I'm not sure which PDF you are talking about, but if you want to understand the basics of this method the best advice I can give you is to start reading from post #1....
Cory is getting good at this! Thanks

Mike
  • #53,617
  • Feb 1, 2010 9:18pm Feb 1, 2010 9:18pm
Quoting Treefingers
Hello..just spotted this on cable & would appreciate some input. The small eye to the left is the IBFX sunday bar.

It seems to have a decent looking nose on the pin & confluence with 3 different fibs & just below the nice big number of 1.6000.
technically not a pin, ignore the sunday bar and the close of the pin isn't within the range of the friday bar.
  • #53,618
  • Feb 1, 2010 9:19pm Feb 1, 2010 9:19pm
Quoting Treefingers
& just below the nice big number of 1.6000.
This is where my major concern comes in. Technically I define many of my PPZs around these numbers, so we would be trading right into it instead of away from. These you HAVE to watch like a hawk if you are going to trade them cause if it bounces there I would be biting my fingernails so I stay out on these

Mike
  • #53,619
  • Feb 1, 2010 9:44pm Feb 1, 2010 9:44pm
interesting developments on USDCAD and NZDUSD at the moment.... *sigh*
Many choose unhappiness over uncertainty.
  • #53,620
  • Feb 1, 2010 9:53pm Feb 1, 2010 9:53pm
Quoting Dan Gilbert
interesting developments on USDCAD and NZDUSD at the moment.... *sigh*
RBA didn't cut interest rates as had been expected.
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