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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

  • #93,741
  • Apr 15, 2011 9:07am Apr 15, 2011 9:07am
Nothing here to be taken personally , and people who do well with this method good for you , people who are newbeies , well good luck with your journey and never mind what people go to offer.. have a look... Something you like take it something you think crap leave it , no need to take anything personal...

For example i love MIKE 'S BOXES )) Well you know what i mean Mike , dont take it personally , i heard ya but I havent seen you and no i am not )))

here is my update and enjoy.. sorry for the blaber..

Cheers V

Ps.. Watch the PA when it breaks the box and close above or below...
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  • #93,742
  • Apr 15, 2011 9:12am Apr 15, 2011 9:12am
Quoting the_wizard
Nice trade Mike.

Bet you noticed the false break in the prior bar that flushed the highs and the BRN, too.

Interestingly enough, those that faded it, either on the dip back within the range or after the somewhat dubious looking pin, got hit hard on the BUOB you went long off.

Always nice to enter after price has finished thrashing about :-)
Thanks lightning boy

One of the single biggest mistakes I see people make is just trying to time things to quick. That often means they buy right into that BRN and that's a scary proposition. At least gotta wait for a close above it. PA just is easier to read. This is a situation where price wants to go higher, but you have to let it do its thing first(just as Wiz said thrash about). Don't get caught in that silly thrashing, price will let you know when its ready, and if it doesn't(which happens too) so be it there are other opportunities.

I would just like to reference back to Jim's post about being patient. If you are having trouble PLEASE re-read James16 post here again and again

http://www.forexfactory.com/showpost...ostcount=93224

Best
Mike
  • #93,743
  • Apr 15, 2011 9:12am Apr 15, 2011 9:12am
Quoting cprao
A simple and a powerful representation of PA breakout from wedge at BRN !! Thank you for sharing such examples, Mike.
You are welcome bud

Enjoy the weekend
Mike
  • #93,744
  • Apr 15, 2011 9:18am Apr 15, 2011 9:18am
Well hello James Gang! Just popping in to see all the good folks who got me going in the right direction way back when...

I hope you're all well and getting richer by the day! I've been running a big rig OTR around America since August and hence, not trading since then. Came home to my folks last Thursday to get some medical issues dealt with and wanted to do some trading and say hello to some old friends.
Ghost Rider - WWTBMD?
  • #93,745
  • Apr 15, 2011 9:22am Apr 15, 2011 9:22am
Quoting albchr
Well hello James Gang! Just popping in to see all the good folks who got me going in the right direction way back when...

I hope you're all well and getting richer by the day! I've been running a big rig OTR around America since August and hence, not trading since then. Came home to my folks last Thursday to get some medical issues dealt with and wanted to do some trading and say hello to some old friends.
old friend what's up bud

Good to hear from ya and hope everything is ok (medical issues)

Hope you can pop in more often

Mike
  • #93,746
  • Apr 15, 2011 9:22am Apr 15, 2011 9:22am
Quoting menomoo
Nothing here to be taken personally , and people who do well with this method good for you , people who are newbeies , well good luck with your journey and never mind what people go to offer.. have a look... Something you like take it something you think crap leave it , no need to take anything personal...

For example i love MIKE 'S BOXES )) Well you know what i mean Mike , dont take it personally , i heard ya but I havent seen you and no i am not )))

here is my update and enjoy.. sorry for the blaber..

Cheers V...
very cool M

Boxes are simple to spot after awhile and become another very powerful tool we have at our disposal

Thanks for sharing
Mike
  • #93,747
  • Apr 15, 2011 9:44am Apr 15, 2011 9:44am
Quoting mbqb11
old friend what's up bud

Good to hear from ya and hope everything is ok (medical issues)

Hope you can pop in more often

Mike
Hey Mike

Well, it's the same ole back issue I've dealt with all my life. This may be the first time since I was 15 that I can actually have something done about it (if it's possible at this stage...).

So being the foward looking soul I am, I figure things might just be looking up there!

It's really good to see this thread alive, well and kicking! Hoping my ole buddy Ghous will see this and say hey (hint..hint)...LOL

Once I get the MRI's done and the docs note telling my company I can't unload trailers of furniture, I'll be headed back out on the road. Hopefully early next week. I found driving is the only thing my back can handle so I'm using it to pull my butt out of the debt I fell into since it folded back in 07, and then to build my account to a point where I can make a living from it. Step by step...slowly...but forward.
Ghost Rider - WWTBMD?
  • #93,748
  • Edited 9:57am Apr 15, 2011 9:46am | Edited 9:57am
Hi Mr Wizard.

You Wrote:

Just wanted to say thank you to those of you that attended the webinar last weekend. I've decided to make them a regular occurence so... Same time (6pm BST), same place :-)

Can I please ask that people do not record these. We are going to be covering some sensitive material. I don't want these being re-posted or forwarded. Just bring a notepad and pencil.

If you want to join, just pm me your email add.

Wiz

My question is, are these James 16 trading rules and regs you're teaching?
I've been reading this thread for several years, and want to advance my skill base ( I'm a very slow learner)

Special thanks to mbqb11 and jarroo for their kind and clear explanations, I'm back here on FF after a long time away
  • #93,749
  • Apr 15, 2011 9:59am Apr 15, 2011 9:59am
Quoting albchr
Hey Mike

Well, it's the same ole back issue I've dealt with all my life. This may be the first time since I was 15 that I can actually have something done about it (if it's possible at this stage...).

So being the foward looking soul I am, I figure things might just be looking up there!

It's really good to see this thread alive, well and kicking! Hoping my ole buddy Ghous will see this and say hey (hint..hint)...LOL

Once I get the MRI's done and the docs note telling my company I can't unload trailers of...
A man with a plan! I wish you luck in your goals
A woman drove me to drink, and I forgot to thank her
  • #93,750
  • Apr 15, 2011 10:00am Apr 15, 2011 10:00am
Quoting mbqb11
very cool M

Boxes are simple to spot after awhile and become another very powerful tool we have at our disposal

Thanks for sharing
Mike

Its all about teaching Mike.. And you and Jaroo , one hell of a good teacher my friend. And that is a GIFT ...

Thanks for being you and being there for all .. Fantastic job as allways..

Got a little question for ya , i remember reading somewhere , DS being an enlightment in your trading and you are so greatefull for that , can I ask what sort of bulb he swiched on in your head ...

He definetely is a gem as far as the micromechanics of the orderflow is concerned.But i am really curious about your gem that you took from dark star..

Cheers V
  • #93,751
  • Apr 15, 2011 10:01am Apr 15, 2011 10:01am
mike , if it s too much you can pm me when you can make time .Thanks heaps..

V
  • #93,752
  • Edited 11:50am Apr 15, 2011 10:02am | Edited 11:50am
Please send me an invite to your webinar session, and the details on how to get to it and EST date and time

Thanking you in advance
  • #93,753
  • Apr 15, 2011 10:12am Apr 15, 2011 10:12am
Quoting menomoo
Its all about teaching Mike.. And you and Jaroo , one hell of a good teacher my friend. And that is a GIFT ...

Thanks for being you and being there for all .. Fantastic job as allways..

Got a little question for ya , i remember reading somewhere , DS being an enlightment in your trading and you are so greatefull for that , can I ask what sort of bulb he swiched on in your head ...

He definetely is a gem as far as the micromechanics of the orderflow is concerned.But i am really curious about your gem that you took from dark star..

Cheers...
Hey V

The best thing I took from DS is his knowledge on market microstructure and dynamics. A large amount hes shared here on this forum for all of you. You have to do some digging and read between the lines and THINK , but its there.

Quoting menomoo
mike , if it s too much you can pm me when you can make time .Thanks heaps..

V

I am off to the gym if you have questions just shoot me a PM and I will get back to you when I get back

Best
Mike
  • #93,754
  • Apr 15, 2011 10:14am Apr 15, 2011 10:14am
Quoting simpleguy
A man with a plan! I wish you luck in your goals
Gotta have a plan. Thank You!
Ghost Rider - WWTBMD?
  • #93,755
  • Apr 15, 2011 10:30am Apr 15, 2011 10:30am
Believe me it is not me it is the Market ))

Cheers

V
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  • #93,756
  • Apr 15, 2011 10:55am Apr 15, 2011 10:55am
Hi - my first post!
Nothing there yet I know but is this a good area to look for some decent PA?
Thanks
Morph
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  • #93,757
  • Apr 15, 2011 11:10am Apr 15, 2011 11:10am
DBHLC just above 365MA? both bars highs are bang on 1.39502. ( I know the days not over yet).
Please comment if im mistaken..i'm also having a go at visuallising resistance/support levels so let me know if it all looks cack or not.

Also is it a particularly bad idea/rule to trade on a friday?

Thanks
Atemi :-)
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  • #93,758
  • Apr 15, 2011 11:19am Apr 15, 2011 11:19am
I'm in this one. Posted the weekly chart last weekend, it broke out today.

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Here is a loss. I know this is not the best trade but I thought it had a good chance of reaching those lows if it breaks. I got out with a loss after that ipb broke to the upside. I really should stop taking these and wait for better setups. Damn you overtrading. Comments appreciated.

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pat
  • #93,759
  • Apr 15, 2011 11:31am Apr 15, 2011 11:31am
Quoting atemiwaza
DBHLC just above 365MA? both bars highs are bang on 1.39502. ( I know the days not over yet).
Please comment if im mistaken..i'm also having a go at visuallising resistance/support levels so let me know if it all looks cack or not.

Also is it a particularly bad idea/rule to trade on a friday?

Thanks
Atemi :-)
Hey Atemi

Be careful for a DBHLC we want the close to close LOWER then the previous bars low.

It's fine to trade on fridays, just something to be aware of that people tend to close up shop for the weekend which can lead to a bit of interesting situations in terms of profit taking and what not. But if we read the chart right it's all spelled out there anyway friday or not

Take care
Mike
  • #93,760
  • Apr 15, 2011 11:36am Apr 15, 2011 11:36am
Quoting LoneRanger
I can't send a PM due to my status on FF, so here is my email:
[email protected]
Please send me an invite to your webinar session, and the details on how to get to it and EST date and time

Thanking you in advance
I would take that email address off asap - it will get spammed to death when the bots find it.
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