james16 Chart Thread | Page 3001 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #60,001
  • Apr 5, 2010 3:03pm Apr 5, 2010 3:03pm
Quoting nasir.khan
I was busy with Yen and missed it altogether.

You had a plane and you sticked to it.

......P.S: Maybe i am getting to much into this holding the trades thing.
.
Nah........I just think once you land a few big trades they are addictive!
It takes a lot of patience but it pays off.

Nathan
  • #60,002
  • Apr 5, 2010 3:14pm Apr 5, 2010 3:14pm
Quoting nasir.khan
P.S: Maybe i am getting to much into this holding the trades thing.
.
Yeah... agree with Nathan on this. You're getting some great runners dude.

Depending on market conditions, my plan dictates how I manage the trade. It could go to the moon, but I don't like the partial profit deal on these types of trades.

Thanks for the tip Nasir.

Happy 4k pages, 60k posts Jim. Reading every one of them.

-- Danny
  • #60,003
  • Apr 5, 2010 3:27pm Apr 5, 2010 3:27pm
Quoting nasir.khan
I was busy with Yen and missed it altogether.

You had a plane and you sticked to it.

But i don't see any good reason (except that PPZ reaction) to close the whole position. You could've closed half your position and leave rest at BE.

Look how nicely that 4H PB...
which 4hr pin? If you mean his weekly pin I think he nailed the perfect way to play a bar of that size in that location. That is exactly what my thinking would have been too.

Mike
  • #60,004
  • Apr 5, 2010 4:37pm Apr 5, 2010 4:37pm
Sorry for my ignorance..
I have a question.. I'm new to this and i see very detailed chart programs
What program is it? or am i only allowed to use my brokers program? I'm still only around post 124th
Thank you...
  • #60,005
  • Apr 5, 2010 4:56pm Apr 5, 2010 4:56pm
Quoting mbqb11
Unreal stuff, can you imagine the look on Jims face if on pg 1 2005 you said this would hit 7+ mill views and 4000 pgs? He would have laughed so hard


I love not only what there is to learn here, but also what this thread represents on how people should deal with other people.

Congrats big guy
Mike

Jim Mike and everybody
as someone said you hit a big round number
congratulations and thank you
Andrea

PS talking about numbers I calculated that from page 1 where I started a month ago to page 4000 up to date now of this thread it will take, considering my 30 minutes medium time on each page to study it well in depth:

120.000 minutes wich is
2000 hours, considering 2 hours study each day is
1000 days !!! more or less 3 years...
and you are keep posting so will never reach you...

just joking of course will finish your suggested first 100 pages and some Pring/MM/psychology books while reading your up to date daily posts and then will move to the next step... I hope!
  • #60,006
  • Apr 5, 2010 5:05pm Apr 5, 2010 5:05pm
Quoting NewinTown22
Sorry for my ignorance..
I have a question.. I'm new to this and i see very detailed chart programs
What program is it? or am i only allowed to use my brokers program? I'm still only around post 124th
Thank you...
Hey Newintown

Most of us are using mt4 for our charting. That doesn't necessarily mean were trading with them. There are 100s of mt4 brokers. Do a google for FXpro mt4 and download a demo.

Hope that helps
Mike
  • #60,007
  • Apr 5, 2010 5:23pm Apr 5, 2010 5:23pm
Quoting mbqb11
Unreal stuff, can you imagine the look on Jims face if on pg 1 2005 you said this would hit 7+ mill views and 4000 pgs? He would have laughed so hard


I love not only what there is to learn here, but also what this thread represents on how people should deal with other people.

Congrats big guy
Mike

I agree man, I am new to trading and have a cousin that trades with Williams Capital here in NY. I have been studying this thread for weeks and plan on joining the PF and becoming a senior member. If the whole world ran like the way people helped each other with this site. Then we would be broke (or rich) because money would not be needed. I truly thank all of you that have placed your knowledge for us to see. I told my brother yesterday I found a treasure chest and I was talking about this thread. All of those indicators and watching CNBC,BBC, Bloomberg and others for what. Wait for the perfect setup and react if it goes against you so what. Play the odds and don't try to guess price direction thats not the role of a trader. The role is to make high probability moves that are in your pockets favor period. Sorry for all the text but again to all thanks. Now back with the trolls...
  • #60,008
  • Apr 5, 2010 6:32pm Apr 5, 2010 6:32pm
how many days now?
i know Dan has been waiting for this bad boy to pop out/explode
yeah, Mike loves his triangles....breakout+pullback+pa
might probably take 2wks thereabout, dnt think this week though but wat do i know.....
time for bed for me
cheers guys
Attached Image (click to enlarge)
Click to Enlarge Name: 277.gif Size: 19 KB
Simplicity is the key to success
  • #60,009
  • Apr 5, 2010 7:32pm Apr 5, 2010 7:32pm
Yet another big RN =)

As usual, let me know if I've missed anyone out.
You'll need winrar to open the files btw.
Attached File(s)
File Type: zip J16 Chart Thread Compilation, 3501 to 4000.zip   1.1 MB | 1,457 downloads
One Mind, Any Market
  • #60,010
  • Apr 5, 2010 7:56pm Apr 5, 2010 7:56pm
Cyrus,
yeah, i missed the 4000th page & 60,000th post.
it got breached when Asia is asleep.

Another milestone for this wonderful thread
Thanks again bro!
  • #60,011
  • Apr 5, 2010 8:43pm Apr 5, 2010 8:43pm
Quoting ira
From time to time I hear talks that small accounts, let's say up to 50 000$, are not led into a real market. So, you are basicly trading with the broker, or better say - against the broker. When you are losing money it's ok, but when you start trading profitable for months, here the problems begin: like deleting deals from the history, spikes etc. I have even heard that some brokers have black lists of profitable traders, and they put someone to monitor all your trades and to make everything for you to lose money.
As usual, Mike covered this pretty well, so I'll just add a couple of things while I wait for my coffee and breakfast.

Most everyone here is not having their order placed in the 'real market'. Why? Because they are too damn small. No one is getting on the phone with the desk at Societe and trying to sell them a thousand euro exposure.

(you have no idea how hard it is to do italics on an iphone!)

What is actually happening is that your trades are pooled at the broker end and either

a) matched off with other client orders - eg, Rac is long while you are short, as seems to often be the case, so the broker just crosses the orders to end up risk neutral. For the tinfoil hat brigade, this is going to be automated.

b) added to a hedged exposure - the bank might be short EUR30m, so they just add your microlot order to the other side to hedge their book. Or they might be trying to build an exposure (most traders/books have authority to hold certain levels of exposure), so they add your tiny order to that

c) pooled into a marketable parcel and then sold if it isnt something they want to hold. This could be done via an ECN, or it could be done offline (bank A has a long yen position, bank b has a short yen position, they call each other and sort it out in a larger overall end of day matchoff, then go get drunk)

The thing is that whether you are at an ECN broker or not, the same thing is happening. It is just shared between a bunch of parties. The stuff I have read in some threads here is priceless - people seriously think there is some Gollum-like figure sitting in a cave, watching his screen for their microlot long yen order and then shorting the market a couple hundred million to stop them out.

The whole thing is just, as mike pointed out, paranoia from people who lose money trading and want to blame someone else. It's never their fault, its always their broker, or their ISP, or HFT, or hedge funds, or Obama...

---

Also, the whole thing about 'black lists' for profitable traders is retarded if people would think about it for approximately half a second. If you had a client with a 90% win rate, and he is sending you his orders, do you

a) sell/pass the orderflow information to your big clients who turn over huge commissions in return for this exact kind of info
b) frontrun his orders to make profit for yourself
c) blacklist him and make him move to another broker

...
When you have to shoot, shoot. Dont talk.
  • #60,012
  • Apr 5, 2010 9:17pm Apr 5, 2010 9:17pm
Quoting supremeChaos
Cyrus,
yeah, i missed the 4000th page & 60,000th post.
it got breached when Asia is asleep.

Another milestone for this wonderful thread
Thanks again bro!
yeah ditto. =)
One Mind, Any Market
  • #60,013
  • Apr 5, 2010 9:19pm Apr 5, 2010 9:19pm
Quoting printer69
PS talking about numbers I calculated that from page 1 where I started a month ago to page 4000 up to date now of this thread it will take, considering my 30 minutes medium time on each page to study it well in depth:

120.000 minutes wich is
2000 hours, considering 2 hours study each day is
1000 days !!! more or less 3 years...
and you are keep posting so will never reach you...

just joking of course will finish your suggested first 100 pages and some Pring/MM/psychology books while reading your up to date daily posts and then will move to...
30 minutes per page? God no. My average is probably less than a minute per page. Which makes the thread about 66 hours, which is less than a month's work at a leisurely 2 hours(ish) a day.

Sure, you might reread a lengthy Jaroo post five times. And restudy one of Jims charts a bunch of time. And spend ten minutes laughing at the photo of the giant pig. But you will cruise through 90% of the material here as fast as your eyes can move.

Newbies, dont despair
When you have to shoot, shoot. Dont talk.
  • #60,014
  • Apr 5, 2010 9:28pm Apr 5, 2010 9:28pm
Quoting joelcf
As usual, Mike covered this pretty well, so I'll just add a couple of things while I wait for my coffee and breakfast.

The thing is that whether you are at an ECN broker or not, the same thing is happening. It is just shared between a bunch of parties. The stuff I have read in some threads here is priceless - people seriously think there is some Gollum-like figure sitting in a cave, watching his screen for their microlot long yen order and then shorting the market a couple hundred million to stop them out.

...
The whole blame shifting thing again aye? Microlots wouldn't even be lunch money to them. Maybe a latte?

This is a great thread to read about market makers.
http://www.forexfactory.com/showthread.php?t=5809

I'm enjoying it heaps. I personally believe that we have to know the industry that we're in. Clicking the mouse when price jiggles is NOT the industry. Rather, who is buying, selling, how the money is moved, how/why the big boys move, how big orders are executed is important (to me @ least).

I've come to accept that I'm going to profit from hitching rides on the back of the big boys. Might as well begin to become acquainted with how they ride... and think.

Pardon me, I've got OCD for how things work and my brain works overtime. Cause a number of pro/ ex-pro people have told me the same thing. That catches my attention (they only EVER hint... and real subtle too..). In addition, I have been asking myself how legends like Darkstar make a hefty bit by "all your stops are belong to us". Why is a PPZ a PPZ?
One Mind, Any Market
  • #60,015
  • Apr 5, 2010 9:53pm Apr 5, 2010 9:53pm
Quoting joelcf
30 minutes per page? God no. My average is probably less than a minute per page...
Sir joel,
1 question:
are u using the default 15posts per page or the customized 40posts per page?

right, as one progresses, the time spent in every page here shortens.
  • #60,016
  • Apr 5, 2010 10:57pm Apr 5, 2010 10:57pm
Quoting joelcf
30 minutes per page? God no. My average is probably less than a minute per page. Which makes the thread about 66 hours, which is less than a month's work at a leisurely 2 hours(ish) a day.

Sure, you might reread a lengthy Jaroo post five times. And restudy one of Jims charts a bunch of time. And spend ten minutes laughing at the photo of the giant pig. But you will cruise through 90% of the material here as fast as your eyes can move.

Newbies, dont despair
hmmm I am a bit slow then, I think 2 minutes per page. (FF default settings)
  • #60,017
  • Apr 5, 2010 11:14pm Apr 5, 2010 11:14pm
Quoting supremeChaos
Sir joel,
1 question:
are u using the default 15posts per page or the customized 40posts per page?

right, as one progresses, the time spent in every page here shortens.
Default, I assume, since my last page is 4002... but I suspect my answer wouldnt change much anyways
When you have to shoot, shoot. Dont talk.
  • #60,018
  • Apr 6, 2010 12:20am Apr 6, 2010 12:20am
Quoting mbqb11
which 4hr pin? If you mean his weekly pin I think he nailed the perfect way to play a bar of that size in that location. That is exactly what my thinking would have been too.

Mike
No this 4H one i was goin to post it but my internet got bad. I know that it's not the best one to take a new trade but is't it as a decent indication to hold the one we are already in.

Thanks.
.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 29 KB
  • #60,019
  • Apr 6, 2010 12:22am Apr 6, 2010 12:22am
Quoting nasir.khan
No this 4H one i was goin to post it but my internet got bad. I know that it's not the best one to take a new trade but is't it as a decent indication to hold the one we are already in.

Thanks.
.
I guess it really depends on the trader. I wouldn't personally use a 4hr pin to keep me in a weekly trade. I used to try to finesse things like that but found it very difficult to not get paralysis that way. Certainly nothing wrong with it though.

Best
Mike
  • #60,020
  • Apr 6, 2010 12:50am Apr 6, 2010 12:50am
Quoting mbqb11
I guess it really depends on the trader. I wouldn't personally use a 4hr pin to keep me in a weekly trade. I used to try to finesse things like that but found it very difficult to not get paralysis that way. Certainly nothing wrong with it though.

Best
Mike
Thanks Mike.
.
65 traders viewing now