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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

  • #56,441
  • Feb 26, 2010 2:07pm Feb 26, 2010 2:07pm
Quoting antgal23
Hello

you guys have referred to Jim's videos, where can I view them?

Cheers

Anthony
http://www.james16group.us/Guests/guest.html
Indicators show the past. Price Action "Indicates" the future.
  • #56,442
  • Feb 26, 2010 2:08pm Feb 26, 2010 2:08pm
Benji, unit tj, dhb, Jarroo: where do I find James' videos, including the Rants & Charts video? Is Mike's pinbar video something else? If so, where is that? Thanks for your help.
  • #56,443
  • Feb 26, 2010 2:08pm Feb 26, 2010 2:08pm
Quoting mary4x
Benji, unit tj, dhb, Jarroo: where do I find James' videos, including the Rants & Charts video? Is Mike's pinbar video something else? If so, where is that? Thanks for your help.
http://www.james16group.us/Guests/guest.html
Indicators show the past. Price Action "Indicates" the future.
  • #56,444
  • Edited 2:32pm Feb 26, 2010 2:11pm | Edited 2:32pm
Quoting triger88990
USDCAD

4h PB not the perfect one bc of the close,but enough for my other reasons to enter on it.

you should already know my style,thats me, just trying to figure out my perfect place in this journey

Entery point: off of 50 fib ret

first target hit

Attachment
second target hit

usually at this zone most of the time, I liquidate all my position and revers

decision time

I'll watch closely how price would behave and decided accordingly, although oil looks good

patience pays off at the end


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  • #56,445
  • Feb 26, 2010 2:18pm Feb 26, 2010 2:18pm
Quoting jarroo
http://www.james16group.us/Guests/guest.html
thanks Jaroo!
  • #56,446
  • Feb 26, 2010 2:18pm Feb 26, 2010 2:18pm
Quoting nasir.khan
Hey Ben you got it all wrong man.

The very First thing you did wrong was that you started with demo. When you first come in this business you need to throw in 100$-500$ and make some decent money to secure your future. So you could spend time on learning about this game.

Second you don't have any experience and skills of Top's and Bottom picking, Stochastic, MA crossover systems and many other tools that you have to master before thinking seriously about any kind of trading endeavor. You can't just simply just look at bar chart and make...

....
  • #56,447
  • Feb 26, 2010 2:22pm Feb 26, 2010 2:22pm
Quoting jarroo
Juicy, very juicy.
And guess what Mike will say about it.
.
  • #56,448
  • Feb 26, 2010 2:25pm Feb 26, 2010 2:25pm
Quoting nasir.khan
And guess what Mike will say about it.
.
The only thing I don't like about it is that its happening late on Friday, which I do not like to take new trades. It happens alot late on Fridays from what I have seen. I think the markets likes to tease us J16 traders late Fridays. lol
Indicators show the past. Price Action "Indicates" the future.
  • #56,449
  • Feb 26, 2010 2:29pm Feb 26, 2010 2:29pm
Anybody watching this game?? USA is up 6-0 with 7 left in the 1st period!!

Go USA.

Cory
  • #56,450
  • Feb 26, 2010 2:30pm Feb 26, 2010 2:30pm
Quoting jarroo
The only thing I don't like about it is that its happening late on Friday, which I do not like to take new trades. It happens alot late on Fridays from what I have seen. I think the markets likes to tease us J16 traders late Fridays. lol
Haha you got it right and maybe he'll add this,

I would have like it to hit the RN and make double top also.
.
  • #56,451
  • Feb 26, 2010 2:31pm Feb 26, 2010 2:31pm
Quoting nasir.khan
Haha you got it right and maybe he'll add this,

I would have like it to hit the RN and make double top also.
.
One to watch on Monday for sure.
Indicators show the past. Price Action "Indicates" the future.
  • #56,452
  • Feb 26, 2010 2:31pm Feb 26, 2010 2:31pm
Quoting nasir.khan
Haha you got it right and maybe he'll add this,

I would have like it to hit the RN and make double top also.
.
lol
  • #56,453
  • Feb 26, 2010 2:32pm Feb 26, 2010 2:32pm
Thanks, Jarroo. I'm looking forward to studying them over the weekend.

Mary
  • #56,454
  • Feb 26, 2010 2:33pm Feb 26, 2010 2:33pm
Quoting Cbh123
Anybody watching this game?? USA is up 6-0 with 7 left in the 1st period!!

Go USA.

Cory
Wow, was 2-0 just a minute ago it seemed like. Gooooo USA, still can't believe we beat Canada. They are so much faster, so much bigger, and just such better players?!?. Hope we meet again for Gold, should be epic
  • #56,455
  • Feb 26, 2010 2:33pm Feb 26, 2010 2:33pm
Quoting Cbh123
Anybody watching this game?? USA is up 6-0 with 7 left in the 1st period!!

Go USA.

Cory
Wow.

Canada v USA is going to be a cruncher. Probably the second best game ever. (You know who played in the all time greatest already)
I'm pretty much done with all this ...
  • #56,456
  • Feb 26, 2010 2:33pm Feb 26, 2010 2:33pm
Quoting vlazaf
Hence a C rated setup?

Quoting jarroo
C trade, maybe. But we know its not an A trade from the points you made.
Someone my look at it and say A+++, good for 35 pips, and could work out nicely. We like to have more certainty in our trades and this is where our strict A+ criteria comes into play.

The power of Price Action. James16 talks about being able to trade in these consolidation areas. Here is a great example of one. Time and practise is the name of the game.
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Indicators show the past. Price Action "Indicates" the future.
  • #56,457
  • Feb 26, 2010 2:36pm Feb 26, 2010 2:36pm
Quoting jarroo
The only thing I don't like about it is that its happening late on Friday, which I do not like to take new trades. It happens alot late on Fridays from what I have seen. I think the markets likes to tease us J16 traders late Fridays. lol
I agree.
I do not like the great spike up (falling knife). That pin can very well be Friday take profit orders. After this kind of move I would like to see more confluence.
If that pin was off the 0.9000 round number in the middle of the week, I would consider taking it.

just my opinion though.

Ben
  • #56,458
  • Feb 26, 2010 2:37pm Feb 26, 2010 2:37pm
Quoting jarroo
The power of Price Action. James16 talks about being able to trade in these consolidation areas. Here is a great example of one. Time and practise is the name of the game.
Amazing how you can learn to make money in those kinds of conditions - no? Not that I am advocating anyone to run out and fund an account and do it, but the seemingly simple act of learning how to read where price is headed is strong stuff.
I'm pretty much done with all this ...
  • #56,459
  • Feb 26, 2010 2:38pm Feb 26, 2010 2:38pm
Am I correct that I have to join the group ($129/mo) to view the videos?
  • #56,460
  • Feb 26, 2010 2:39pm Feb 26, 2010 2:39pm
Quoting mary4x
Am I correct that I have to join the group ($129/mo) to view the videos?
No. You do not have to join the group to view the Guest videos.
Indicators show the past. Price Action "Indicates" the future.
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