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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

  • #82,241
  • Dec 11, 2010 6:29pm Dec 11, 2010 6:29pm
Quoting g_j_hook@yah
this is an interesting one, im pretty bearish with this pair (as far as next week is concerned )weve had very bearish daily candles this week which is no surprise really as price has been running into strong levels of res.(with fib confluence ) a failure to close above 1.5800 and the strong divergence on both daily and 4h shows a bit of weakness to me ??
longer term we have a ranging market but shorter term (about may onwards) we have an uptrend that looks like it has about come to an end or ready for some retracement with the last lower low.

havin...
Hi Jon,
I love your clean charts.In my newbie view I agree with you is look like build up strength to push down.
  • #82,242
  • Dec 11, 2010 6:39pm Dec 11, 2010 6:39pm
Quoting kravmaga39
Hi Jon,
I love your clean charts.In my newbie view I agree with you is look like build up strength to push down.
cheers K (i dont like complications! lol) my opinions are often wrong!!! thats why i leave them out of my trading
i have a few scenarios in mind that would be nice though..
PATIENCE... DISCIPLINE
  • #82,243
  • Dec 11, 2010 6:54pm Dec 11, 2010 6:54pm
ok just checked daily GU

i do think that strenght is returning , but with that weakness in the backround
and we are trending down.. price has too build a cause for the next move.. so i think we will see a change of behaviour .. and we will move sideways ..

i think we are in the beginning of an accumulation phase..

cheerz
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  • #82,244
  • Dec 11, 2010 7:09pm Dec 11, 2010 7:09pm
Quoting g_j_hook@yah
hey Pinbar, who invented this game??you??
i love it

No, not at all!

It is James16 thing, on the PF he has videos of where is price AKA( WIPG) then he posts videos of the postmortem "Where Did Price GO".

They are almost ALWAYS, exactly as James analyzed them, in real time.

Can't beat that for the honesty of the man, now can you.

I just thought it would help myself and others, Adi, Hansolo and Ghous have also been posting these WIPG and we have been doing it on the weekends when the market it closed.

Feel free to post one then I can have a go....
  • #82,245
  • Dec 11, 2010 7:12pm Dec 11, 2010 7:12pm
Quoting g_j_hook@yah
cheers K (i dont like complications! lol) my opinions are often wrong!!! thats why i leave them out of my trading
i have a few scenarios in mind that would be nice though..

thats why i leave them out of my trading
Wow, that is a GREAT comment GJ.

I have to learn that also.

Yes, I also like your nice clean charts and always learn something from your analysis. Way to go.
  • #82,246
  • Dec 11, 2010 7:20pm Dec 11, 2010 7:20pm
Hello all fellow price action traders. This is one of the only worthwhile threads on this forum. I know of some respectable traders that sometimes frequent this thread. There are quite a few things I agree with that this method advocates and some things I don't. Some things are definitely retail amateur hour, a professional would never manage risk in such a manner. Its much more in the realm of the analyst or "at home professional" rather than the risk taker at a instution. Any how dont want to be negative this is a good place to learn and discuss things so I'm definitly all for this thread. Wow that was a lot of b.s. I got out of the way.

Now to what I really have to say. I have a question to all you traders out there. If you could ask 5 questions to CME or CBOT floor traders what would they be??? You see I took the month off from my full time job and had a friend who is a broker in the S&P pit get me on the floor as a intern. My wife didn't like it at all thinks I should have spent the time with family and went on a vacation in the Caribbean. But I think its a unique opportunity and its like being part of history. I'll remember this experience when I'm much older. I've been there since December 1 and my internship ends at the end of December. I have learned a lot since I've been there but it seems I have run out of educational type questions to ask. So if you guys have anything on your mind you ever wanted to ask a professional floor trader fire away!!! I know a lot of people on FF are negative and doubt everything so I can definitely prove that I'm really on the floor. With that said good trading to you all.
  • #82,247
  • Dec 11, 2010 7:32pm Dec 11, 2010 7:32pm
Quoting Guerrillawar
Hello all fellow price action traders. This is one of the only worthwhile threads on this forum. I know of some respectable traders that sometimes frequent this thread. There are quite a few things I agree with that this method advocates and some things I don't. Some things are definitely retail amateur hour, a professional would never manage risk in such a manner. Its much more in the realm of the analyst or "at home professional" rather than the risk taker at a instution. Any how dont want to be negative this is a good place to learn and discuss...

awesome ..

i always wanted to be at the floor ... congrats and nice that u took the chance ...

ok some questions ..

is there a "alpha dog" in the pits ? where everybody looks at waht he is doing ?

is it easy to stay focused within the frantic pit .. or do they easily slip and slide into the herd behaviour ?

do you think if u master and feel the herds instincts .. (market behaviour on a current day) you can manipulate them ?

is it possible to stand out in the pit and take control of it ?


loking forward to your answers
  • #82,248
  • Dec 11, 2010 8:16pm Dec 11, 2010 8:16pm
Quoting Guerrillawar
Hello all fellow price action traders. This is one of the only worthwhile threads on this forum. I know of some respectable traders that sometimes frequent this thread. There are quite a few things I agree with that this method advocates and some things I don't. Some things are definitely retail amateur hour, a professional would never manage risk in such a manner. Its much more in the realm of the analyst or "at home professional" rather than the risk taker at a instution. Any how dont want to be negative this is a good place to learn and discuss...

Interesting post. I honestly wish you all the best with your intership! What a lucky you!

Just one thing if I may ask, since you stated it: "I know of some respectable traders that sometimes frequent this thread. There are quite a few things I agree with that this method advocates and some things I don't. Some things are definitely retail amateur hour, a professional would never manage risk in such a manner."

Could you give more details on what you think is amateur?
I guess it has something to do with Inital risk/take profit (R:R) you mean?
Really interesting to know your view since you already mentioned it could you please elaborate?
  • #82,249
  • Dec 11, 2010 8:25pm Dec 11, 2010 8:25pm
Quoting Adilius07
Interesting post. I honestly wish you all the best with your intership! What a lucky you!

Just one thing if I may ask, since you stated it: [i]"I know of some respectable traders that sometimes frequent this thread....
You have got to be joking Adi.

I find this guy to be QUITE offensive.

He slags almost everyone, then asks for questions to ask his FT buddies.

Perhaps, you can ask them, why you can't think of your own frigging questions!

What a Joke!
  • #82,250
  • Dec 11, 2010 8:35pm Dec 11, 2010 8:35pm
Quoting Pinbar
You have got to be joking Adi.

I find this guy to be QUITE offensive.

He slags almost everyone, then asks for questions to ask his FT buddies.

Perhaps, you can ask them, why you can't think of your own frigging questions!

What a Joke!

Oh maybe I missed something, first time I see him posting. And yeah some people come here with an attitude as I noticed many times, I sometimes think it is ok if that person really knows what his talking about, if he still contribute to the benefit of the thread even in a little offensive way is maybe ok? Again IF he's real "pro" per se...

Of course if it's just to show off, talk arrogant etc. I will be disappointed...

If you allow, lets see what the guy has to say about some concepts of this thread being amateur. Why not, let's listen maybe there is an interesting point?
  • #82,251
  • Dec 11, 2010 8:40pm Dec 11, 2010 8:40pm
Quoting Adilius07
Oh maybe I missed something, first time I see him posting. And yeah some people come here with an attitude as I noticed many times, I sometimes think it is ok if that person really knows what his talking about, if he still contribute to the benefit of the thread even in a little offensive way is maybe ok?...
Well, this guy hardly came here in the spirit of learning anything, now did he.

I think this guy is trying to setup a commercial forum and trying to lay down the foundations. They enter an already proven thread, slag everyone and some people think they have something. They suck them in and then start a commercial forum. Hopefully, he will stick to trading his M5 charts and leave us alone.
  • #82,252
  • Dec 11, 2010 8:53pm Dec 11, 2010 8:53pm
Quoting Pinbar
Well, this guy hardly came here in the spirit of learning anything, now did he.

I think this guy is trying to setup a commercial forum and trying to lay down the foundations. They enter an already proven thread, slag everyone and some people think they have something. They suck them in and then start a commercial forum. Hopefully, he will stick to trading his M5 charts and leave us alone.

cīmon u cant be serious ? dont you..

he didnt offend anyone in here .. why so harsh ?
  • #82,253
  • Dec 11, 2010 8:58pm Dec 11, 2010 8:58pm
Quoting PrymeTyme
cīmon u cant be serious ? dont you..

he didnt offend anyone in here .. why so harsh ?

Perhaps , you should read his post again.
  • #82,254
  • Dec 11, 2010 9:05pm Dec 11, 2010 9:05pm
Quoting Pinbar
Perhaps , you should his post again.


OK

mixed text with positive statements and some negative ones.. plus
a kinda apology for the negative statement .. what can be more polite than this ????


Hello all fellow price action traders. This is one of the only worthwhile threads on this forum. I know of some respectable traders that sometimes frequent this thread. There are quite a few things I agree with that this method advocates and some things I don't. Some things are definitely retail amateur hour, a professional would never manage risk in such a manner. Its much more in the realm of the analyst or "at home professional" rather than the risk taker at a instution. Any how dont want to be negative this is a good place to learn and discuss things so I'm definitly all for this thread. Wow that was a lot of b.s. I got out of the way.
  • #82,255
  • Dec 11, 2010 9:11pm Dec 11, 2010 9:11pm
Quoting PrymeTyme
OK

mixed text with positive statements and some negative ones.. plus
a kinda apology...

Two greens one red, but red is longer I think
  • #82,256
  • Dec 11, 2010 9:13pm Dec 11, 2010 9:13pm
Quoting PrymeTyme
OK

mixed text with positive statements and some negative ones.. plus
a kinda apology...
Perhaps he should clarify which traders that occasionally come here, he considers to be the real deal, and which ones he considers to be the Amateur hour traders.

People like this guy, have no sense of modesty and I find them totally offensive. I don't care who has vouched for them.
  • #82,257
  • Dec 11, 2010 9:15pm Dec 11, 2010 9:15pm
yea lol..

a bearish outside text


nevertheless .. lets stop right here .. i dont think he is offending anyone..
thats my point .. if anyone feels attacked by the red sentence.. ellorbarate why
  • #82,258
  • Dec 11, 2010 9:17pm Dec 11, 2010 9:17pm
Quoting PrymeTyme
yea lol..

a bearish outside text


nevertheless .. lets stop right here .. i dont think he is offending anyone..
thats my point .. if anyone feels attacked by the red sentence.. ellorbarate why

Perhaps, the poster should clarify it, it is his responsibility, is it not.

" Bearish Outside Text"...LOL....That cracked me up.
  • #82,259
  • Dec 11, 2010 9:23pm Dec 11, 2010 9:23pm
Comments?

Pinbar rejected off 1.6 ppz. Confluence with 50 Fib level from previous minor swing up. Bar is a little small though. FTA is at black line. A strong break through could bring us to 1.58 where there is stronger support.
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  • #82,260
  • Dec 11, 2010 9:31pm Dec 11, 2010 9:31pm
Wow, are you serious? Commercial forum thats comical. If you looked a bit closer I have been a member for years here, I didn't come out of thin air. The last thing I want to do is be on my computer any more than I already am no intentions other than help people who enjoy trading without indicators. If you don't want to ask any questions so be it. And I clearly stated I respect the work that is done here. Its nothing confusing or ambiguous I really do respect it. I believe that certain things discussed here are in the sphere of analysis and that alone. If your trading an account of at least 50 or more standard lots many of the risks that a one lot trader could take would become non-feasible. All this game (FX) boils down to in the end is intelligent risk taking and probabilities nothing more. Learn to reign in risk while swinging a heavy line and you're on your way. I will not be involved in a pissing contest. I'm here to help my self and others no secret ))) I want clever questions I didn't think of to ask CME traders. Its a win win for everyone. Anyhow time to hit the city Na zdraví
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