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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

  • #72,641
  • Aug 24, 2010 7:34am Aug 24, 2010 7:34am
Quoting ghous
I wasn't expecting so many spectators for the video, my 2 GB bandwidth storage capacity is about filled up to the brim at screen cast, which means a few more views and the video cannot no longer be accessed.

I tried you tube but the uploaded video's quality sucks.

Anybody knows of a good video hosting website (free)?

g.
Ghous, this is one other resource I used for home videos. Quality and everything is fine. There is a thing though if your video is not watch for 90 days (or 60 can't remember) it will be deleted.

http://megaupload.com/
http://megavideo.com/

I only used it because it allows really big files size, and length to be uploaded and watched.

But really there is nothing better than youtube. But they got 10 min. limit. IMHO.
  • #72,642
  • Aug 24, 2010 7:35am Aug 24, 2010 7:35am
Quoting Forex Girl
Hello friends,

After a journey on several threads in the forex factory, I found on the PA a strong and clear system . I have studied for six months. I'm in forex for 2 years. Regarding many of you, I'm a baby .... I hope to learn with you, guys.
I´m sorry about the english, I´m brazilian.

Thank you
...
Welcome on board! Wish you a successful journey

Quoting ghous
I have never gone beyond 2% but from what I know 5% is mentally stressful but then like you said if it's for 1 slam dunk (only on the higher tfs maybe) - the Benji/Mike setup - a month it could work out for you Ad,

MM is one area that has no boundaries, anything and everything that fits into your trading style and mentality should be fine. Of course you'll have to do your demoing and forward testing first before you go live with it

g.
I can relate to what ghous said. I think that risking 5% would be much more stressful for me.
  • #72,643
  • Aug 24, 2010 7:37am Aug 24, 2010 7:37am
Quoting ghous
I have never gone beyond 2% but from what I know 5% is mentally stressful but then like you said if it's for 1 slam dunk (only on the higher tfs maybe) - the Benji/Mike setup - a month it could work out for you Ad,

MM is one area that has no boundaries, anything and everything that fits into your trading style and mentality should be fine. Of course you'll have to do your demoing and forward testing first before you go live with it

g.
Thanks Ghous for the input. Is just I really feel this "the need to be in" sometimes. Thinking on the best ways to fight it. Defenitely sticking do Daily frame as a minimum helps!
  • #72,644
  • Aug 24, 2010 7:41am Aug 24, 2010 7:41am
While I am at it I just wanted to post my 64 reasons for not shorting the AUDUSD today, yet I wish to spare you that nonsense, and say that yes, I am in fact short with a bearish outlook for now good trading all....
Without women, money would have no meaning - Aristotle Onassis
  • #72,645
  • Aug 24, 2010 7:47am Aug 24, 2010 7:47am
Quoting mattfx
Hi Ghous,

Sorry to interrupt yet I think you have produced some quality forex video material, and you may need to consider commercial applications...hate to say it, my friend...?
Oh yeah that sure sounds cool,

I was thinking of setting up a video blog - $69.99 for non J16ers, $49.99 if you have more than 200 posts at the J16 thread - cool deal eh?

Seriously though commercial's not me, and I feel sick to to the stomach when I think about affiliating teaching with money.

I want to get to the point where trading alone makes me all the money I need, and passing on stuff I have come to understand, is a great way for me to get there.

g.
I believe . . .
  • #72,646
  • Aug 24, 2010 7:51am Aug 24, 2010 7:51am
Nice and smooth is how I love'em.

g.
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I believe . . .
  • #72,647
  • Aug 24, 2010 7:58am Aug 24, 2010 7:58am
Quoting spookie94
Something I learned over the last year is you can't just place a trade and walk away.

Hey Spookie,

Depends on your style, if you need to manage the trade then you need to be around at the appropriate times(that you deem so). There are times when I set a target set my stop and forget it as well. I try to manage to the situation though.

Best
Mike
  • #72,648
  • Aug 24, 2010 7:59am Aug 24, 2010 7:59am
Quoting Adilius07
I really feel this "the need to be in" sometimes.
Many traders deal with this by having several accounts. One for their "real" trading (A+ setups and so on) And a second for playing around with other methods, or the same method with different entry requirements.

This satisfies the "need to be in" and can actually provide some interesting results (you might find in the long run that you are actually more profitable trading more often with less quality setups because it suits your trading style)

I don't do this personally as I think it blurs the line between acceptable setups and ones that are not. I prefer to keep it clean-cut, good enough, or not. and if they're not, move one. But I thought I would mention this in case you hadn't thought of it.

Jonny
  • #72,649
  • Aug 24, 2010 7:59am Aug 24, 2010 7:59am
Quoting ghous
Because we are not talking about a DBLHC there is no point talking about 2 pip differences in the lows of 2 bars one of which is supposed to be a BEOB.

Technically speaking that's no trade for me even if we had a BEOB low 2 pips below the low of the previous bar. A close below the highlighted PPZ would have made it look much better IMHO.

g.

Thanks Ghous

I was not sure if that DBHLC 2 pip margin was across the board for PA bars.

Now, I know it isn't.

Yeah, the PPZ was the thing that concerned me most.
  • #72,650
  • Aug 24, 2010 8:01am Aug 24, 2010 8:01am
Quoting dfumagalli
What is your opinion about the downward possibility of having to accept a 1.1:1 risk vs reward in order to open a possible path to the 2.5:1 or even 3:1 reward?
if you are curious on myself and James view on R:R here are two posts for you

http://www.forexfactory.com/showpost...ostcount=70154

http://www.forexfactory.com/showpost...ostcount=70155

Best
Mike
  • #72,651
  • Aug 24, 2010 8:05am Aug 24, 2010 8:05am
Quoting ghous
Nice and smooth is how I love'em.

g.
Great pull man

As for the videos: I think uploading on Youtube would be the best idea Is the quality bad even in higher quality settings (360p or 480p)?
  • #72,652
  • Aug 24, 2010 8:09am Aug 24, 2010 8:09am
Quoting mihazupan1
Great pull man

As for the videos: I think uploading on Youtube would be the best idea Is the quality bad even in higher quality settings (360p or 480p)?
Thing is the produced Camtasia video is getting really blurred, when I upload it at youtube, but I am now uploading a video with the original size (more than twice the size of the produced video) to see if that solves the problem. if it does I'll have to do the whole video again because I deleted the original screen capture when i produced it.

we'll see...

g.
I believe . . .
  • #72,653
  • Aug 24, 2010 8:12am Aug 24, 2010 8:12am
Quoting ghous
Thing is the produced Camtasia video is getting really blurred, when I upload it at youtube, but I am now uploading a video with the original size (more than twice the size of the produced video) to see if that solves the problem. if it does I'll have to do the whole video again because I deleted the original screen capture when i produced it.

we'll see...

g.
If you do so, maybe you could choose a different example from past which you consider A+? that would be fantastic!
  • #72,654
  • Aug 24, 2010 8:14am Aug 24, 2010 8:14am
Quoting Jonnyislost
Many traders deal with this by having several accounts. One for their "real" trading (A+ setups and so on) And a second for playing around with other methods, or the same method with different entry requirements.

This satisfies the "need to be in" and can actually provide some interesting results (you might find in the long run that you are actually more profitable trading more often with less quality setups because it suits your trading style)

I don't do this personally as I think it blurs the line between acceptable setups and ones that...
Thanks Jonny, I was doing the same thing already. I think for me is not an advantegous, because somehow I bring that "daytrader thing" back to the another demo where I wanted things to be clean lol
Discipline problem, I need to work on. Thanks!
  • #72,655
  • Aug 24, 2010 8:14am Aug 24, 2010 8:14am
Quoting Adilius07
If you do so, maybe you could choose a different example from past which you consider A+? that would be fantastic!
lolol
I believe . . .
  • #72,656
  • Aug 24, 2010 8:16am Aug 24, 2010 8:16am
Quoting ghous
Nice and smooth is how I love'em.

g.
Nice trade G. I heard many seniors say ignore the Sunday bar. Is there something that caught your eye on this one to pull the trigger?
  • #72,657
  • Aug 24, 2010 8:17am Aug 24, 2010 8:17am
Quoting Adilius07
Thanks Jonny, I was doing the same thing already. I think for me is not an advantegous, because somehow I bring that "daytrader thing" back to the another demo where I wanted things to be clean lol
Discipline problem, I need to work on. Thanks!
Understood
  • #72,658
  • Aug 24, 2010 8:18am Aug 24, 2010 8:18am
Quoting spookie94
Nice trade G. I heard many seniors say ignore the Sunday bar. Is there something that caught your eye on this one to pull the trigger?
The confluence and the strong close on the BEB.

g.
I believe . . .
  • #72,659
  • Aug 24, 2010 8:19am Aug 24, 2010 8:19am
Quoting Adilius07
Thanks Ghous for the input. Is just I really feel this "the need to be in" sometimes. Thinking on the best ways to fight it. Defenitely sticking do Daily frame as a minimum helps!
What we really need to talk about is MM (Money Management) or lack thereof....

As Ghous explained in his video, MM varies for all.....

Go this forum
J16 Innocent.....until proven otherwise.....
Without women, money would have no meaning - Aristotle Onassis
  • #72,660
  • Aug 24, 2010 8:25am Aug 24, 2010 8:25am
keep going mr yen
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