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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

  • #601
  • Dec 29, 2005 4:24pm Dec 29, 2005 4:24pm
Hi Jim, already visit EMOCORP and found them very secure for an internet payment. But they charge additional 6% for funding using a credit card If I may suggest and if this is not troubling you, I found 2CheckOut is more universal for internet payment. The site is www.2checkout.com . But maybe other have comment on this service. Again thank you Jim
  • #602
  • Dec 30, 2005 1:35am Dec 30, 2005 1:35am
Quoting eastmaels
Hi LB,

the subscription procedure's here:

http://www.forexfactory.com/james16_group_profile.pdf
Hi Eastmaels,

Thanks for the link - I am now subscribed and waiting eagerly for Jan 2nd......
  • #603
  • Dec 30, 2005 2:58am Dec 30, 2005 2:58am
Quoting firedave
Hi Jim, already visit EMOCORP and found them very secure for an internet payment. But they charge additional 6% for funding using a credit card If I may suggest and if this is not troubling you, I found 2CheckOut is more universal for internet payment. The site is www.2checkout.com . But maybe other have comment on this service. Again thank you Jim
thanks firedave i will look at them tomorrow. jim
  • #604
  • Dec 30, 2005 7:03pm Dec 30, 2005 7:03pm
Quoting james16
I just spoke with emocorp and i was correct. all you need to do is open an account with them and you can email payment its that simple. fijitrader told me about them early on and as usual i should have listened to him. if all goes well i may switch to them for all transactions. old fij man, the guy knows something about everything. i know eastmeals needs another option and now firedave. someone give it a try. jim
Thanks for going out of your way for this jim! Do appreciate it!
Although I do have to inform those who plan to use EMOCORP that for security reasons, their verification process will take you at least 10 days.. Verification is needed if you want to fund your accounts using a credit card..

Hope this helps..
  • #605
  • Dec 30, 2005 7:11pm Dec 30, 2005 7:11pm
Quoting Ladybird
Hi Eastmaels,

Thanks for the link - I am now subscribed and waiting eagerly for Jan 2nd......
No problem LB. Glad to be of help..
  • #606
  • Dec 30, 2005 8:06pm Dec 30, 2005 8:06pm
Quoting eastmaels
Thanks for going out of your way for this jim! Do appreciate it!
Although I do have to inform those who plan to use EMOCORP that for security reasons, their verification process will take you at least 10 days.. Verification is needed if you want to fund your accounts using a credit card..

Hope this helps..
thanks athan, i am also working on other alternatives as well.
  • #607
  • Dec 30, 2005 8:07pm Dec 30, 2005 8:07pm
Quoting Ladybird
Hi Eastmaels,

Thanks for the link - I am now subscribed and waiting eagerly for Jan 2nd......
thanks ladybird. jim
  • #608
  • Dec 30, 2005 9:04pm Dec 30, 2005 9:04pm
Well, I'm only on page 12 of this thread but I took a quick look at the 1hr Euro chart just to see how easily these ideas "pop" out. I know I don't have pivots, MAs, or fibs on the chart, but after about 30 seconds worth of scanning the chart 3 signals just jumped out. I know it's easy to see things that happened in the past, but these were the only ones that exactly matched James' descriptions and they would have all be good trades.

In the attached pic you'll see a tlhc, pin bar, and dhlc. Can somebody please take a look and let me know if I'm "gettin' it"?. I think I have the right idea, but as I'm new to this, some reassurance is always good.

Thanks,
Keris
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  • #609
  • Dec 30, 2005 9:11pm Dec 30, 2005 9:11pm
Quoting keris2112
Well, I'm only on page 12 of this thread but I took a quick look at the 1hr Euro chart just to see how easily these ideas "pop" out. I know I don't have pivots, MAs, or fibs on the chart, but after about 30 seconds worth of scanning the chart 3 signals just jumped out. I know it's easy to see things that happened in the past, but these were the only ones that exactly matched James' descriptions and they would have all be good trades.

In the attached pic you'll see a tlhc, pin bar, and dhlc. Can somebody please take a look and let me know if I'm "gettin' it"?. I think I have the right idea, but as I'm new to this, some reassurance is always good.

Thanks,
Keris
very nice keris. see you really dont need all that other garbage on your charts. most of the time they just cause you to freeze. my only suggestion to you is to trade large time frames first until you get the hang of it. weekly and daily charts are much more reliable than smaller time frames. keep up the good work. jim
  • #610
  • Dec 30, 2005 10:31pm Dec 30, 2005 10:31pm
i can definitely attest to the higher timeframes. They have alot more 'predictive' power.

There are alot of fake pinbars on the anything from 1hour charts and below.
So be careful.
I've been there and found that anything under 1 day is not too suitable for me.

It may be different for you if you can develop that extra 'intuition' for trading that lower time frame.

For more price action stuff, you can check out Martin Pring's Price Pattern book. He calls the pin bar 'pinocchio' bars.

Joe Ross and a few more as well.


and yes you are gettin it, start demoing and making demo trades.... its always easier in hindsight, now you've got to try and practice pulling the trigger.

good luck and happy trading.
ken
Trade what you see, not what you believe.....
  • #611
  • Jan 3, 2006 11:27pm Jan 3, 2006 11:27pm
i have neglected my baby for a while and i feel bad so i am going to get up and running again. remember markets are markets and i like to throw some futures markets in from time to time.
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  • #612
  • Jan 4, 2006 11:58pm Jan 4, 2006 11:58pm
chart example
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  • #613
  • Jan 5, 2006 4:33am Jan 5, 2006 4:33am
Quoting scpeter
James and Diallist, I agree with you. I have found out along time ago that giving is a great thing. I know my words may sound trite but they are true. To me it is sad for those who do not give and share. They will never know the joy in giving. It is truly better and beyond any feelings of receiving.
I believe I was put on this path with a purpose.
I did a great job at my previous employer (they said so too), and made good money, but was fired during a cost-saving run. (Nearing end of year, publicly traded on the NASDAQ, etc., you know the drill...)

If I hadn't been fired, I'd never have heard of ForEx. I am positive I can make money and never rely on a J.O.B. again, I just need to get the right information.

Once I get profitable, I will share my experience with those around me that are open to this, and I will share the results with family and friends.
I cannot wait to be able to start giving again, as right now all I am doing is receiving (A good christian should be the provider, not the receiver, and I am positive I will be able to do so again in the future, with help from all of you and Above...)

You guys are very helpful (I just read the Pinocchio bars part, and immediately saw 2 (!) of those on the GBPUSD 5 min chart, both of which would have made me some nice profit had I taken trades on those)...

Thanks for all the info!
  • #614
  • Jan 5, 2006 4:37am Jan 5, 2006 4:37am
Quoting CescoAiel
I believe I was put on this path with a purpose.
I did a great job at my previous employer (they said so too), and made good money, but was fired during a cost-saving run. (Nearing end of year, publicly traded on the NASDAQ, etc., you know the drill...)

If I hadn't been fired, I'd never have heard of ForEx. I am positive I can make money and never rely on a J.O.B. again, I just need to get the right information.

Once I get profitable, I will share my experience with those around me that are open to this, and I will share the results with family and friends.
I cannot wait to be able to start giving again, as right now all I am doing is receiving (A good christian should be the provider, not the receiver, and I am positive I will be able to do so again in the future, with help from all of you and Above...)

You guys are very helpful (I just read the Pinocchio bars part, and immediately saw 2 (!) of those on the GBPUSD 5 min chart, both of which would have made me some nice profit had I taken trades on those)...

Thanks for all the info!
thanks ces, i wish you would try these out on daily charts to start they are much more reliable and easy to trade in my opinion. great post. thanks, jim
  • #615
  • Jan 5, 2006 10:40am Jan 5, 2006 10:40am
Quoting CescoAiel
You guys are very helpful (I just read the Pinocchio bars part, and immediately saw 2 (!) of those on the GBPUSD 5 min chart, both of which would have made me some nice profit had I taken trades on those)...

Thanks for all the info!
Hi,
Take Jim's advice and try it on higher time frames. It's more reliable and less work too. Here's an example on the weekly chart. On the Pin Bar arrowed, you would've bagged more than 150 pips. The last bar is still forming and might be another Pin Bar. If this is so, and with the bottom trendline support holding strong for the third time, we might be heading for the middle one again, and if that one gives way, the top one will be next. The only requirement is patience.

Good Luck and Happy Trading
Habeeb

http://www.forexfactory.com/forexfor...tid=2815&stc=1
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Keeping it Simple
  • #616
  • Jan 5, 2006 11:00am Jan 5, 2006 11:00am
Wouldn't you need a fairly large stop to play that particular weekly pin-bar?
Still haven't found what I'm looking for...
  • #617
  • Jan 5, 2006 1:05pm Jan 5, 2006 1:05pm
Quoting Scooter
Wouldn't you need a fairly large stop to play that particular weekly pin-bar?
Yes. If you're going to enter the trade using the weekly chart, then your stop is going to be huge. I don't trade the weekly's, but just use them for direction. I'd enter a trade using the 4hr or 1hr chart. On the Pin Bar arrowed, fxtrader777 (where is that guy?) entered using the daily chart (it was a pin bar too), and he bagged 200 pips on that trade. Initially your stop is going to be huge, but once you're in reasonable profit, you move your stop to breakeven.
Keeping it Simple
  • #618
  • Jan 5, 2006 2:48pm Jan 5, 2006 2:48pm
Quoting habeeb
Yes. If you're going to enter the trade using the weekly chart, then your stop is going to be huge. I don't trade the weekly's, but just use them for direction. I'd enter a trade using the 4hr or 1hr chart. On the Pin Bar arrowed, fxtrader777 (where is that guy?) entered using the daily chart (it was a pin bar too), and he bagged 200 pips on that trade. Initially your stop is going to be huge, but once you're in reasonable profit, you move your stop to breakeven.
Jim, i just went over the entire thread in 1 day. I can't believe the immense amount of information you've covered. I've glanced at this thread a few times, but never really took the time to read it through. Being a Christain myself (father is a pastor), i believe that when you help someone who does not re-pay you back in return, God will surely bless you. With that said, $99 month doesn't even provide an inch of repayment. With what you will be providing, and at the cost, peoples lives will be changed as long as the information is digested properly, not swallowing and eating too fast. I will be signing up for the PF in about 2 weeks.

Again i can't thank you enough. I've purchase some forex packages with little or no knowledge gained. I believe your insight will be tremendously appreciated.

Fidel

"Teach me to pip and i will pip for the rest of life"
  • #619
  • Jan 5, 2006 2:58pm Jan 5, 2006 2:58pm
DUE TO THE OVERWHELMING RESPONSE TO THE PF PAYPAL IS REVIEWING THE ACCOUNT AND SUBSCRIPTIONS ARE NOT POSSIBLE UNTIL THEY ARE FINISHED. I WAS WARNED ABOUT PAYPAL AND NOW I WISH I HAD LISTENED. I AM SO UPSET BY IT THAT I AM VERY CLOSE TO LEAVING THEM ANYWAY. ANYONE WISHING TO JOIN PLEASE GO TO EMOCORP.COM UNTIL I MAKE A DECISION. WHAT A JOKE THESE PEOPLE ARE. IF YOU HAVE ANY QUESTIONS OR NEED HELP PLEASE EMAIL ME AT [email protected]. THANKS, JIM
  • #620
  • Jan 5, 2006 3:00pm Jan 5, 2006 3:00pm
thank you fidel, from the bottom of my heart thank you. you made my day. jim
Quoting fidel2414
Jim, i just went over the entire thread in 1 day. I can't believe the immense amount of information you've covered. I've glanced at this thread a few times, but never really took the time to read it through. Being a Christain myself (father is a pastor), i believe that when you help someone who does not re-pay you back in return, God will surely bless you. With that said, $99 month doesn't even provide an inch of repayment. With what you will be providing, and at the cost, peoples lives will be changed as long as the information is digested properly, not swallowing and eating too fast. I will be signing up for the PF in about 2 weeks.

Again i can't thank you enough. I've purchase some forex packages with little or no knowledge gained. I believe your insight will be tremendously appreciated.

Fidel

"Teach me to pip and i will pip for the rest of life"
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