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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

  • #92,821
  • Apr 2, 2011 11:07am Apr 2, 2011 11:07am
Quoting Donkey
EURGBP

8900 looks like a good area to watch next week.
HELLO， D. yes, i am focusing on EURGBP many days ,too,and i think the 8900 is somewhere for taking profit of my long position . lets c ,what PA will the market give us ?
A chart helps those who can read it.
  • #92,822
  • Apr 2, 2011 11:16am Apr 2, 2011 11:16am
this is the weekend of breakouts
ci on weekly. price already touched the 45 usd, but couldn't move higher. set a stop buy above 45 usd to get your entry.
++++++++++++++++++++++++++++++++++

++++++++++++++++++++++++++++++
congratulations to our indian friends...
INDIA WORLDCUP WINNER 2011
++++++++++++++++++++++++++++++
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meine augen sind die sterne
  • #92,823
  • Apr 2, 2011 11:35am Apr 2, 2011 11:35am
Quoting aserbfx
this is the weekend of breakouts
ci on weekly. price already touched the 45 usd, but couldn't move higher. set a stop buy above 45 usd to get your entry.
++++++++++++++++++++++++++++++++++

++++++++++++++++++++++++++++++
congratulations to our indian friends...
INDIA WORLDCUP WINNER 2011
++++++++++++++++++++++++++++++
I'd like to second that,

Congrats Avanish and all the other Indians in and around here,

You guys deserved it big time.

g.
I believe . . .
  • #92,824
  • Apr 2, 2011 11:55am Apr 2, 2011 11:55am
Quoting geniusztc
HELLO， D. yes, i am focusing on EURGBP many days ,too,and i think the 8900 is somewhere for taking profit of my long position . lets c ,what PA will the market give us ?
I'd be curious to see where you got in long...did you post your entry here? I had a long position that I felt really good about. I had a stop loss taken out for a small profit, or I still may be in this move as well...oh well, next time.
  • #92,825
  • Apr 2, 2011 12:11pm Apr 2, 2011 12:11pm
aud/jpy weekly chart is approaching resistance. this pair is in a massive upmove. therefore we need strong price action. this should appear on the daily timeframes at least. i wouldn't take this as a simple touch trade.
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meine augen sind die sterne
  • #92,826
  • Apr 2, 2011 12:13pm Apr 2, 2011 12:13pm
Quoting ghous
I'd like to second that,

Congrats Avanish and all the other Indians in and around here,

You guys deserved it big time.

g.
Only for this MAN..SACHIN TENDULKAR--->>the GOD...he sailed us to finals..

http://www.imageurlhost.com/images/a...4tzlqakenp.jpg



this is how the FLAMBOYANT BOYS LIFT THE CUP!!

http://www.imageurlhost.com/images/b...kzg101ih8t.jpg


Thanks Guys for ur wishes!!Thanks a lot...
  • #92,827
  • Apr 2, 2011 1:14pm Apr 2, 2011 1:14pm
ed on weekly. making higher lows on the weekly. the friday candle was a squat bar showing indecision. ed needs support from the overall market trend. if next week is positive at the stock market, ed will be surged above the resistance.
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meine augen sind die sterne
  • #92,828
  • Edited 1:58pm Apr 2, 2011 1:35pm | Edited 1:58pm
Quoting jarroo
Thanks Azam.

I will still be here to help out as much as I can.

I have been making posts here lately that go beyond the scope of this thread. The James16 Chart Thread is about the basics, the fundamentals of Jim's methodology . . .PPZ levels, Daily and Weekly time frames, Confluence, etc. These basics are crucial to understand, and believe me, they can be all one needs to be successful.

When you have a full understanding of these basics principles . . . touch trading, lower time frames setups, pattern breakouts, etc.,...
I'm sure it will be a big hit...I know I am really looking forward to it. I think your techniques are fantastic and if we as traders can grasp what you are teaching (or even 50% of it) we will be much better traders than a majority of people out there.

See you on the PF
  • #92,829
  • Apr 2, 2011 6:12pm Apr 2, 2011 6:12pm
Glad to hear you now have your own spot on the PF.

I am sure you will enlighten many people there and be appreciated equally as you are in this thread. Good for you my friend.
  • #92,830
  • Apr 2, 2011 9:04pm Apr 2, 2011 9:04pm
Quoting Donkey
I'd be curious to see where you got in long...did you post your entry here? I had a long position that I felt really good about. I had a stop loss taken out for a small profit, or I still may be in this move as well...oh well, next time.
hello,my friend ,maybe i am wrong ,but i prefer to watch the lower tf ,such as 4h . actually ,here it is .good luck .

http://www.forexfactory.com/showthre...64#post4485364

http://www.forexfactory.com/showthre...22#post4492422
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A chart helps those who can read it.
  • #92,831
  • Apr 3, 2011 2:22am Apr 3, 2011 2:22am
This one would probably work, as we know even bad ones work often.
It's got everything to it but 1) Kind of small size in comparison to previous move 2) FTA is kind of close to entry.

So the hardest thing in trading (imo) is what I will do right now.... I will just skip it

Hope everyone is having a great weekend!
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  • #92,832
  • Apr 3, 2011 2:23am Apr 3, 2011 2:23am
Quoting geniusztc
hello,my friend ,maybe i am wrong ,but i prefer to watch the lower tf ,such as 4h . actually ,here it is .good luck .
Although on a macro level, I wouldn't be expecting to get rich buying at this price


If
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  • #92,833
  • Apr 3, 2011 3:05am Apr 3, 2011 3:05am
Quoting Ifmyante
Although on a macro level, I wouldn't be expecting to get rich buying at this price


If
My view on this. Yes you can see the possible supply levels at the tops where price has dropped away quickly. But if you look at the way price is now approaching this level again it is more balanced. That is to say that you can see a steady supply and demand on the way up with constant pullbacks. This to me suggests not so much of imbalance and price is not overextended or exhausted. Certainly compared to the last two pushes up to the Daily TL.

That is not to say that price won't drop like a stone at this level or that I would be a buyer but I would be more cautious at whether this supply level would hold and at touch trading it.

my 2c
  • #92,834
  • Apr 3, 2011 3:10am Apr 3, 2011 3:10am
Quoting Dan-FX
My view on this....
Damstrate Dan

I'm not talking short right now. Let's watch other people lose their money for the moment
  • #92,835
  • Apr 3, 2011 3:19am Apr 3, 2011 3:19am
Quoting Ifmyante
Although on a macro level, I wouldn't be expecting to get rich buying at this price


If
What an interesting looking chart.
It is like there is a mirror running down the middle of it, one side the reflection of the other.

I took a look at one of Sam Sneiden's videos. I am not here to disrespect the guy but he is saying some of what J16 says but not as well.

I don't know how many videos James himself has done are available in the public domain but being a member of the private forum I have seen them all.
For me his videos are the clearest, best and most inspirational videos ever made of all the people I have ever seen. I wish he would make loads more.
And no I did not get free membership of the private site - but I would have taken it if offered! (LOL)
  • #92,836
  • Apr 3, 2011 4:09am Apr 3, 2011 4:09am
Quoting six gun
What an interesting looking chart.
It is like there is a mirror running down the middle of it, one side the reflection of the other.
A chart is just as beautiful as a Caravaggio, and has all the hidden depth of a Dali!

Quote
I took a look at one of Sam Sneiden's videos. I am not here to disrespect the guy but he is saying some of what J16 says but not as well.

I will never say one way of seeing the market is better than another. You must find the way of seeing it that works for you.
I am neither J16 nor SS, so I can never see the market exactly as they do.
I see the market my way, and am just thankful to finally see it

I'll take some help from a guru to try and explain:

Quoting james16
i was just made aware of this and frankly i thought to myself it would be inapropriate for me to say anything but i couldnt resist.

there has not been one day in the last three years since i stumbled accross forex factory that i have not been completly flabbergasted and humbled by the positive comments and success of those that follow my silly simple stuff.

i have no doubts that there are many many people that have taken my simple approaches and used them with a far bigger brain than i have to accomplish far more than i ever have or ever...
If all of this post didn't show, please follow the link



Quote
And no I did not get free membership of the private site - but I would have taken it if offered! (LOL)

Who wouldn't? It's pure gold
  • #92,837
  • Apr 3, 2011 8:09am Apr 3, 2011 8:09am
Hi,

I've some queries which i hope somebody could help.. It's regarding the PF.. I've tried mailing to [email protected] and the 'Contact Us Form' but haven't got any reply til now.

Let's say i've filled up the application and everything, will i get immediate access to PF? If no, who can i contact?

Regards
Gerald
  • #92,838
  • Apr 3, 2011 8:12am Apr 3, 2011 8:12am
manh with a nice breakout. there is one more resistance above at around 34.30 usd. this will be a more consverative entry.
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meine augen sind die sterne
  • #92,839
  • Apr 3, 2011 8:24am Apr 3, 2011 8:24am
mchp on weekly. could make a kaboom above 38.40 usd. although it is losing strength on the daily.
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meine augen sind die sterne
  • #92,840
  • Apr 3, 2011 9:41am Apr 3, 2011 9:41am
nee on weekly. forming a wedge. making higher lows. friday's daily candle was very strong with a close at dayhigh. will very likely break out next week.
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meine augen sind die sterne
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