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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

  • #56,461
  • Feb 26, 2010 2:40pm Feb 26, 2010 2:40pm
Quoting mary4x
Am I correct that I have to join the group ($129/mo) to view the videos?
No. There is a bunch of free stuff here: http://www.james16group.us/Guests/guestmaterial.html
  • #56,462
  • Feb 26, 2010 2:41pm Feb 26, 2010 2:41pm
Quoting mary4x
Am I correct that I have to join the group ($129/mo) to view the videos?

Check out the guest section first and hang out here in this thread for a while. You can learn it right here - although there is much more noise.

The PF has more vids (excellent) and a psych section (excellent).
I'm pretty much done with all this ...
  • #56,463
  • Feb 26, 2010 2:42pm Feb 26, 2010 2:42pm
Thanks, guys!
  • #56,464
  • Feb 26, 2010 2:42pm Feb 26, 2010 2:42pm
Quoting benji533
No. There is a bunch of free stuff here: http://www.james16group.us/Guests/guestmaterial.html

That's a better link, Thanks Ben.
Indicators show the past. Price Action "Indicates" the future.
  • #56,465
  • Feb 26, 2010 2:42pm Feb 26, 2010 2:42pm
Quoting Jlr
Looks good, you trading it that far down too? I see some trouble at .8895, what do you guys think?
If you are talking about low of Nov-11 i can't see any respect afterwards i mean it never sent price back again.

And if you are talking about Consolidation area in H1. Well to keep it simple just try to focus the TF in which you have your PA bar.
  • #56,466
  • Feb 26, 2010 2:44pm Feb 26, 2010 2:44pm
Quoting StoragePro
- although there is much more noise.
Hey . . I resemble that remark. lol
Indicators show the past. Price Action "Indicates" the future.
  • #56,467
  • Feb 26, 2010 2:46pm Feb 26, 2010 2:46pm
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.
In my book is an -A trade.Being here for a while,you can easily profit from them.

And the facts that she retrace past the break point after she reached the first trouble zone wasn't a surprise for me,that's way I didn't move my SL at BE.

Because is important when this move happen,after the equities market open everything was set in place.

I'm just following my plan

all the best!
  • #56,468
  • Feb 26, 2010 2:53pm Feb 26, 2010 2:53pm
Quoting triger88990
In my book is an A trade.Being here for a while,you can easily profit from them.

And the facts that she retrace past the break point after she reached the first trouble zone wasn't a surprise for me,that's way I didn't move my SL at BE.

Because is important when this move happen,after the equities market open everything was set in place.

I'm just following my plan

all the best!
Also,

Retracing back into the setup, as this one did before it hit its target, is a true characteristic of this type of tight consolidation, i.e. heavy traffic.

Some consolidation areas are not as tight (spacey) and can give a better, less draw down effect.
Indicators show the past. Price Action "Indicates" the future.
  • #56,469
  • Feb 26, 2010 2:59pm Feb 26, 2010 2:59pm
Quoting jarroo
Hey . . I resemble that remark. lol
Be careful with that one.

They ban people after 6,751 posts.

Say your last words here and then i'll ask Twee to.........

  • #56,470
  • Feb 26, 2010 3:02pm Feb 26, 2010 3:02pm
Quoting nasir.khan
Be careful with that one.

They ban people after 6,751 posts.

Say your last words here and then i'll ask Twee to.........

That much already . . .I do provide alot of noise, don't I. lol
Indicators show the past. Price Action "Indicates" the future.
  • #56,471
  • Edited 3:25pm Feb 26, 2010 3:10pm | Edited 3:25pm
Quoting benji533
lol sorry for attacking this thread today. just so much good opportunities.
Here is another one which could make a great deal to your account if managed correctly. I missed it.

It's just pure quality of price action bars at the right locations. Nothing fancy.
Tight management with a big enough account is all you need if you have the right mindset. Catch the best three from all these opportunities, and you are more than fine for this month.
Attack away, my friend.

Caught this one. Was very aware of the counter trend perils. It really is a great way to trade.


Quoting jarroo
Eur/Jpy BUOB. Now that's a hard break.
Quoting jarroo
.
Quoting jarroo
lol


Half off at the 1st blue, 2nd half just below break even at 120.85.
Indicators show the past. Price Action "Indicates" the future.
  • #56,472
  • Feb 26, 2010 3:10pm Feb 26, 2010 3:10pm
Quoting jarroo
Also,

Retracing back into the setup, as this one did before it hit its target, is a true characteristic of this type of tight consolidation, i.e. heavy traffic.

Some consolidation areas are not as tight (spacey) and can give a better, less draw down effect.
And I believe this draw down effect is a very bad psychological and emotional effect on big account holders. That kind of draw down makes james kill his trades with a loss, and then see it become a winner after he exited....which lead to additional psychological problems.

Although I know I can make money on these kind of setups, I prefer, at least at this stage, to leave this potential profit along with the draw down involved.

I can summarize this in your own words..."an A+ setup is a momentum setup", or, "hard break". When you move your stop to break even after a few minuets on a daily chart, nothing can be easier from then on.

Ben
  • #56,473
  • Feb 26, 2010 3:12pm Feb 26, 2010 3:12pm
Quoting jarroo
Attack away, my friend.

Caught this one. Was very aware of the counter trend perils. It really is a great way to trade.
Seems like I missed that post.

Awesome job like always bud
  • #56,474
  • Feb 26, 2010 3:23pm Feb 26, 2010 3:23pm
Quoting benji533
And I believe this draw down effect is a very bad psychological and emotional effect on big account holders. That kind of draw down makes james kill his trades with a loss, and then see it become a winner after he exited....which lead to additional psychological problems.

Although I know I can make money on these kind of setups, I prefer, at least at this stage, to leave this potential profit along with the draw down involved.

I can summarize this in your own words..."an A+ setup is a momentum setup", or, "hard break". When you move your...
It really is that "dirt simple folks". The funny thing is that James16 seems to prefer these type of consolidation setup, albeit not as tight ( I believe).
I really don't know what else could be easier.
Indicators show the past. Price Action "Indicates" the future.
  • #56,475
  • Feb 26, 2010 3:27pm Feb 26, 2010 3:27pm
Quoting benji533
That's because no one watches James16's videos, following his principal, and trying to get inside his mindset as a trader. Or not letting this stuff sink in?
All I needed is a few shots of James "rants and charts" video. Man, that thing worth like 10,000$ + alone imo.
I know jarroo watches Jame16's videos again and again every few days/weeks. I can see it through his charts.
I do the same.

Man, it's around the 8 months since I know what forex or trading is. I can't believe people are doing it for 30+ years and I can get all this experience at...
And a heavy dose of Mike's videos too.
Indicators show the past. Price Action "Indicates" the future.
  • #56,476
  • Feb 26, 2010 3:36pm Feb 26, 2010 3:36pm
Quoting nasir.khan
Haha thanks but there is still 17 days left you never know.
.
Quoting strateg119

ps Niece job http://www.ifcmarkets.com/en/contest/ Now You are not moving the market, the currency is You.
Dude . . .you turn $10,000 (demo) into over $100,000 in 10 days.

Share the wealth brother . . . how did you do that?
Indicators show the past. Price Action "Indicates" the future.
  • #56,477
  • Feb 26, 2010 3:48pm Feb 26, 2010 3:48pm
Quoting jarroo
Dude . . .you turn $10,000 (demo) into over $100,000 in 10 days.

Share the wealth brother . . . how did you do that?
Wow, now that is how I always pictured trading. It really is amazing what some people can do.

Amazing. Way to go Nasir.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #56,478
  • Feb 26, 2010 3:49pm Feb 26, 2010 3:49pm
Quoting LasVahGoose
Wow, now that is how I always pictured trading.
me too. lol
Indicators show the past. Price Action "Indicates" the future.
  • #56,479
  • Feb 26, 2010 4:02pm Feb 26, 2010 4:02pm
Quoting nasir.khan
And guess what Mike will say about it.
.
Well location wise it would be considered juicy but time of day(late friday notorious for just profit taking) and size would actually have me real worried about it.

Not to rain on the parade

Mike
  • #56,480
  • Feb 26, 2010 4:16pm Feb 26, 2010 4:16pm
Quoting Jcp
I have been studying this thread for awhile now, and I finally just want to chime in and say thanks. Reading this thread has completely changed my outlook and attitude towards trading. I have been studying technical trading for about 5 years now, all with demo and small accounts. Luckily, I haven't lost large sums of money, but I haven't made many profits either. The one thing I have learned on my own is the emotional discipline necessary to get started in the right direction. The level of clarity I now have is refreshing. My endless search for...
Welcome Jcp. Nice post.

Maybe we can see a chart or two from you soon.
Indicators show the past. Price Action "Indicates" the future.
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