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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

Quoting james16
DUE TO THE OVERWHELMING RESPONSE TO THE PF PAYPAL IS REVIEWING THE ACCOUNT.....

Reviewing it for what?!?
It's a one-way ticket to a madman situation.
Quoting kittensizedbulldozer
Reviewing it for what?!?
the email i recieved noted the level of activity in a new account and and as a normal screen they will do a review. they have not asked for anything yet. fijitrader warned me about them. this is a terrible thing to do to a new business and i had heard of such practices there . having used them for so long buying stuff i just figured all those nightmare stories were from people who really had or were doing something wrong. this is not acceptable and thier are to many other alternatives to be treated like this. no explanations no nothing, just bam here it is. i will find someone else to do my business with as fij encouraged me to do early on. jim
a new more streamlind payment process is hours away. no signing up with nazi germany over at paypal and its ultra secure. most international customers should have no problems and if they do the president of the company ( acceptiva) has agreed to work with me on needed changes. it will be a payment link and thats all there is to it. emocorp will always be a viable option no matter where you live. jim
Hi Jim

On the #614 Daily EURUSD Chart example where the buy stop was triggered, would you exit using a trailing stop of about 15 pips?

Also I noticed a "small range day" which was followed by a nice reversal and could have been bracketed by both a buy and sell stop some 7 pips away to catch either rise or fall.

What do you advise?

Thanks, Trinity
Quoting Trinity
Hi Jim

On the #614 Daily EURUSD Chart example where the buy stop was triggered, would you exit using a trailing stop of about 15 pips?

Also I noticed a "small range day" which was followed by a nice reversal and could have been bracketed by both a buy and sell stop some 7 pips away to catch either rise or fall.

What do you advise?

Thanks, Trinity
hello again trinity, thanks for your questions. one of the most difficult areas for me to address is this one. the main reason is i trade by feel or descretion if you will. when i am in a trade similar to this one i take some profit early say 20 to 30 pips unless its running hard. i then get my stop to BE. what i do next is dependent on how price is acting. when playing these bars what needs to be understood is this. if you pick them carefully they tend to work much of the time so my thought process is take my profit and look for the next one. i know if i pick carefully, over time my wins vs losses will be good. do i trail stops? yes but on the fly depending on chart time frame and how price is reacting. the difficulty for me to give straight answers to these type of questions is simply because there is not a straight answer. all i know is they work if your patient and take some profit early and/or get your stop to BE asap. thanks, jim
Well, James16 - You have the Goddess's interest - and her hard earned cash!

After only joining FF yesterday and reading through this entire thread overnight - I've just signed up. As well as the obvious light of honesty and integrity that has shone throughout your posts + your obvious knowledge of your subject matter and your willingingness to share it + the fact I live in FW + the fact that ElectricSavant has joined your team made it a no brainer.

Now tell me you will consider a weekly training/learning/social event in the DFW area and my cup will floweth over!!

Congrats on the birth of your new son. I look forward to making 2006 a profitable and fun year with the help of your group. As do quite a few others I should imagine.

Looking forward to hearing from you.

Sue aka PipGoddess
As Pipgoddess (I love your name) suggested Possibly a meeting along with the Forex Traders Association in Houston. They have monthly meetings, the next one is the 21st. I am hoping to go.

Any thoughts/does anyone already attend that group? Or we could have or own in FW. That would be closer for me anyway, I live in Lubbock.
Is anyone planning on attending?

http://homepage.mac.com/swmj/.Public/fta/Events.htm
jkappelman - I am seriously considering it.
Yes, I have heard that the guest speaker, Rob Booker, is very, very good.

I am waiting to see what time the meeting is and then setup travel.
Quoting PipGoddess
Well, James16 - You have the Goddess's interest - and her hard earned cash!

After only joining FF yesterday and reading through this entire thread overnight - I've just signed up. As well as the obvious light of honesty and integrity that has shone throughout your posts + your obvious knowledge of your subject matter and your willingingness to share it + the fact I live in FW + the fact that ElectricSavant has joined your team made it a no brainer.

Now tell me you will consider a weekly training/learning/social event in the DFW area and my cup will floweth over!!

Congrats on the birth of your new son. I look forward to making 2006 a profitable and fun year with the help of your group. As do quite a few others I should imagine.

Looking forward to hearing from you.

Sue aka PipGoddess
well thank ya neighbor, your post made me smile. who knows where this thing may go. thanks for your post. jim
Quoting james16
i thought i would start a new thread to post charts. my question is this and i am sure merlin can let me know the answer. i am not sure if i want to do this yet but how many of you would like me to actually post potential trades. the thing to remember is that two people can take an identical entry and one will lose and the other will win. the variables to trading are endless. anyway what does everyone think. jim

Just lead us to the water Jim - we'll decide if we want to drink.
Hi Merlin,
I thought this thread hadn't been active since 17 Dec when I last recieved notice of a posting.

Just my New Year wish:
All subscribed thread's posts could be emailed regardless of whether or not one has managed to revisit the website following a notification of a post. (There's often no reason to visit unless an image has been uploaded. - provided all posts were emailed as standard routine) Also if only some indication be included within the email that an attachment had been upload together with any the new posting.

If anything can be done to improve the sometimes confusing situation in this regard, I'm sure other might be grateful besides.


Regards. Kosta.
There appears to be a resultant when attempting to process a payment using Acceptiva for which no select option is available when completing the form details. It is

E-mail List:I would NOT like to receive information via e-mail


I'm not sure what this E-mail list is refering to. I have no idea whether I need or want to subscribe for this option were it made available in the form.

Could someone elaborate a little.
jkappelman & pipgoddess,

I attended Rob Booker's workshop at the forex expo in Las Vegas last Nov. In my opinion he gave the best presentation out of all of the presenters at the show. He had an open ended slot for his presentation and he didn't shut it down until everyone's questions were addressed. We ended up staying an extra hour or more. He was very impressive to say the least.
Quoting leedee1
jkappelman & pipgoddess,

I attended Rob Booker's workshop at the forex expo in Las Vegas last Nov. In my opinion he gave the best presentation out of all of the presenters at the show. He had an open ended slot for his presentation and he didn't shut it down until everyone's questions were addressed. We ended up staying an extra hour or more. He was very impressive to say the least.
Thank you leedee1. I liked what I read about him. I always try to back my hunches but you've just made me mind up for me. I will go.
Quoting Kosta Berj
There appears to be a resultant when attempting to process a payment using Acceptiva for which no select option is available when completing the form details. It is

E-mail List:I would NOT like to receive information via e-mail


I'm not sure what this E-mail list is refering to. I have no idea whether I need or want to subscribe for this option were it made available in the form.

Could someone elaborate a little.
I didn't either but I plowed on regardless hoping someone would shed some light on it. I would like to receive e.mails from anyone in the PF.
Quoting PipGoddess
I didn't either but I plowed on regardless hoping someone would shed some light on it. I would like to receive e.mails from anyone in the PF.
this was supposed to have been removed by acceptiva. it leads to nothing so ignore it. i will contact them. thanks, jim
That helps in motivating me to get to Houston!
Quoting jkappelman
As Pipgoddess (I love your name) suggested Possibly a meeting along with the Forex Traders Association in Houston. They have monthly meetings, the next one is the 21st. I am hoping to go.

Any thoughts/does anyone already attend that group? Or we could have or own in FW. That would be closer for me anyway, I live in Lubbock.
Hold Up!! Forex Traders Association in Houston? My hometown. Monthly meetings? Ain't nobody told old blue about this. Where do they meet at? and do you have a contact? Why am I the last to know????????????
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