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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

  • #54,061
  • Feb 4, 2010 9:33pm Feb 4, 2010 9:33pm
Quoting Jlr
That first red bar, after a 200 pip move, I would of cut that thing so fast. I remember last intervention, just 5 mins or so of pure up move, and then it just ended like that. Nice play being on top of that though, I would of too, but darn spread. They didn't raise any of the other pairs, just wasn't thinking fast enough.
I was downstairs loading up the rice cooker for dinner and walked in my room and I'm like holy $@!% I need to close this. It moved so fast I couldn't move and click the mouse fast enough. OMG what a joke....
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #54,062
  • Feb 4, 2010 9:42pm Feb 4, 2010 9:42pm
Quoting LasVahGoose
I was downstairs loading up the rice cooker for dinner and walked in my room and I'm like holy $@!% I need to close this. It moved so fast I couldn't move and click the mouse fast enough. OMG what a joke....
Don't let it bug you, you made money, who cares. Market is really heating up, going to be a lot of opportunities, just be patient. You will look back at times like these later I'm sure and lol.
  • #54,063
  • Feb 4, 2010 9:48pm Feb 4, 2010 9:48pm
Quoting Jlr
Don't let it bug you, you made money, who cares. Market is really heating up, going to be a lot of opportunities, just be patient. You will look back at times like these later I'm sure and lol.
yeah, this can be like my 'the fish that got away' story. Ah well, I think I'm done for this week. Let this NFP thing pass and look at the charts Sunday.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #54,064
  • Feb 4, 2010 9:52pm Feb 4, 2010 9:52pm
Quoting raczekfx
during intervention eur/chf, usd/chf and gbp/chf 'usually' move in tandem.
....
..and they did.
I was late to the fest by 50 pips, but still managed to catch 200..

.
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  • #54,065
  • Feb 4, 2010 9:54pm Feb 4, 2010 9:54pm
Quoting TiaForex
When are we going to see JoelCF's 30 minute TV show? Kind of like The Daily Show but for finance.....
Soon - just gotta work out a financing deal with Jim where he covers the FCC fines for swearing (and possibly televised nudity on friday nights). I dont have the account size to cover it

Quoting Jlr
flip over to Oanda, and spread was up to 15 pips to play the pair. Not sure how they knew, but they knew.
Nah, they just pass on market prices with a markup. The spread in the market was huge - lots of sellers, no buyers... then lots of buyers, no sellers.

Glad I went to lunch for a couple of beers. Too much craziness. Anyone who traded this is either reckless, amazingly skilled*, or both

*edit* ie, rac
When you have to shoot, shoot. Dont talk.
  • #54,066
  • Feb 4, 2010 9:56pm Feb 4, 2010 9:56pm
Quoting raczekfx
..managed to catch 200..

.
that's not always the case. I was dead wrong about yen crosses today...
, but will get another chance with nonfarm ...
What do you think will happen to $ tomorrow, right after 8:30est? Some already know the answer, .... look at the charts. Hmm.. they don't hint any longs, or do they....
  • #54,067
  • Feb 4, 2010 9:58pm Feb 4, 2010 9:58pm
I want to ask a simple question. If I join J16's private website. does anybody know if anybody on the private website posts live trades and the analysis for taking the trade?

let me know
  • #54,068
  • Feb 4, 2010 10:02pm Feb 4, 2010 10:02pm
Quoting joelcf
Soon - just gotta work out a financing deal with Jim where he covers the FCC fines for swearing (and possibly televised nudity on friday nights). I dont have the account size to cover it



Nah, they just pass on market prices with a markup. The spread in the market was huge - lots of sellers, no buyers... then lots of buyers, no sellers.

Glad I went to lunch for a couple of beers. Too much craziness. Anyone who traded this is either reckless, amazingly skilled*, or both

*edit* ie, rac
Good to know, and hate to think my broker is THAT on top of things. Not sure why really.
  • #54,069
  • Feb 4, 2010 10:02pm Feb 4, 2010 10:02pm
Quoting raczekfx
3750 looks good, 3675 looks perfect


How did you like that 1.3675..Cbh123?
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  • #54,070
  • Feb 4, 2010 10:07pm Feb 4, 2010 10:07pm
Quoting raczekfx
How did you like that 1.3675..Cbh123?
Nice call there rac. I don't understand, and still don't, why that area? Does it have to do with the lines? 1.3740 seemed like a better level, but nada.
  • #54,071
  • Feb 4, 2010 10:36pm Feb 4, 2010 10:36pm
Quoting Jlr
Nice call there rac. I don't understand, and still don't, why that area? Does it have to do with the lines? 1.3740 seemed like a better level, but nada.
maybe will tell you after nonfarm via pm... too many ears here...
  • #54,072
  • Feb 4, 2010 10:37pm Feb 4, 2010 10:37pm
Quoting TheFutureAce
I want to ask a simple question. If I join J16's private website. does anybody know if anybody on the private website posts live trades and the analysis for taking the trade?
let me know
No live trades that I know of. But tons of education and good folks.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #54,073
  • Feb 4, 2010 10:38pm Feb 4, 2010 10:38pm
Quoting raczekfx
..and they did.
I was late to the fest by 50 pips, but still managed to catch 200..

.
Rac, would say the SNB intervention was successful? It seems like price got driven down pretty hard.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #54,074
  • Feb 4, 2010 10:39pm Feb 4, 2010 10:39pm
Quoting LasVahGoose
No live trades that I know of.
I do lol

But I ain't no signal service
  • #54,075
  • Feb 4, 2010 10:41pm Feb 4, 2010 10:41pm
Quoting raczekfx
maybe will tell you after nonfarm via pm... too many ears here...
Would appreciate that a lot, ty. Good luck tommorow.
  • #54,076
  • Feb 4, 2010 10:45pm Feb 4, 2010 10:45pm
Quoting TheFutureAce
I want to ask a simple question. If I join J16's private website. does anybody know if anybody on the private website posts live trades and the analysis for taking the trade?

let me know
A lot of good traders running journals there with their live trades. They provide a lot of analysis and its very helpful. J16 isn't really a signal service though, more of a "teach a man to fish" service. Signal services are good and all, but you can't rely on them for the rest of your life.
  • #54,077
  • Feb 4, 2010 10:47pm Feb 4, 2010 10:47pm
Quoting Jlr
A lot of good traders running journals there with their live trades. They provide a lot of analysis and its very helpful. J16 isn't really a signal service though, more of a "teach a man to fish" service. Signal services are good and all, but you can't rely on them for the rest of your life.
yeah, if you want to blow an account or just ride a roller coaster you can follow my journal.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #54,078
  • Feb 4, 2010 10:48pm Feb 4, 2010 10:48pm
Quoting raczekfx
that's not always the case. I was dead wrong about yen crosses today...
, but will get another chance with nonfarm ...
What do you think will happen to $ tomorrow, right after 8:30est? Some already know the answer, .... look at the charts. Hmm.. they don't hint any longs, or do they....
you can be wrong.....
  • #54,079
  • Feb 4, 2010 10:49pm Feb 4, 2010 10:49pm
Quoting LasVahGoose
Rac, would say the SNB intervention was successful? It seems like price got driven down pretty hard.
You assume that they *actually* intervened
When you have to shoot, shoot. Dont talk.
  • #54,080
  • Feb 4, 2010 10:49pm Feb 4, 2010 10:49pm
Quoting joelcf
You assume that they *actually* intervened
This is an excellent point. Touche.

I'm reading Oanda News feeds now to see if they actually did or not.

EDIT: IT was, no market moves like that unless a CB is playing. LOL
Don't wish it were easier, wish you were better. ~ Jim Rohn
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