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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

  • #94,201
  • Apr 21, 2011 2:36pm Apr 21, 2011 2:36pm
Quoting Wakanapi
Well done! Keep the good work up

Is there any particular reason why you trade mostly stocks?

Regards
yes, because i lke to make some bucks and there are literally thousands of stocks to watch with a couple of good setups every day. only time is a problem.
meine augen sind die sterne
  • #94,202
  • Apr 21, 2011 3:13pm Apr 21, 2011 3:13pm
Quoting aserbfx
yes, because i lke to make some bucks and there are literally thousands of stocks to watch with a couple of good setups every day. only time is a problem.
Yeah the time in Germany is a big problem but for me for Forex there is the same problem :-(

BTW: nice trade aser ;-)
  • #94,203
  • Apr 21, 2011 4:25pm Apr 21, 2011 4:25pm
i love this attitude.

jim

Quoting leelar
I am always open to learn. Give me criticism, it is all welcome.

  • #94,204
  • Apr 21, 2011 4:27pm Apr 21, 2011 4:27pm
very nice. youve been around a while now huh aser?

jim

Quoting aserbfx
remember: "this stuff is dirt simple, guys"...
-------------
and this here, too.
long since 37.57 usd. currently 38.02 usd. a profit of about 1.2% in 5 hours. i am out here.
wooohooo
  • #94,205
  • Apr 21, 2011 4:29pm Apr 21, 2011 4:29pm
damn nice leelar.

gosh those make me smile.

jim



Quoting leelar
Thanks James and everyone who helped.

This is another winner with James16's method:

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  • #94,206
  • Apr 21, 2011 4:30pm Apr 21, 2011 4:30pm
Quoting james16
very nice. youve been around a while now huh aser?

jim
yes, you remember that quote, don't you
meine augen sind die sterne
  • #94,207
  • Apr 21, 2011 4:30pm Apr 21, 2011 4:30pm
Hi James,

Out of curiosity I wonder if Martin Pring has been your mentor at any time during your trading career? The book he wrote is just truly amazing.



Regards
  • #94,208
  • Apr 21, 2011 4:32pm Apr 21, 2011 4:32pm
mr dante posts here all the time but under a different name. i think he should uncloak. who's with me?!!!!

jim

Quoting Dan-FX
As soon as I saw you chart and that you were stopped out at BE I thought of Trader_Dante's Making Money thread on T2W. Have you read it? If not I would recommend it
  • #94,209
  • Apr 21, 2011 4:33pm Apr 21, 2011 4:33pm
Hello, Could someone confirm to me if this is good setup considering the size of this PB.
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  • #94,210
  • Apr 21, 2011 4:34pm Apr 21, 2011 4:34pm
welcome S.

take your time and have fun. i rec you spend a month or two here first.

jim

Quoting Syu_z
Hi guys, good day to you all.

Have been reading James16 Chart thread for quite sometime now. I am a newbie trader with only a few trade experiences on demo account. Luckily for me, those trades turned out really well. I am pretty sure it wasn't due to any skill of mine though, I probably was having some beginner's luck.

I started demo trading after I had read up a few books, and I have no intention to give my money to the market. Although it's inevitable (as many people and books have pointed out), I want to protect my capital as much as possible...
  • #94,211
  • Apr 21, 2011 4:36pm Apr 21, 2011 4:36pm
Quoting ginowise
Hello, Could someone confirm to me if this is good setup considering the size of this PB.
I would be careful because we have tomorrow (donīt know which time you live (Friday) many Bank Holidays take a look on the calendar i think this could affect the volatility
  • #94,212
  • Apr 21, 2011 4:43pm Apr 21, 2011 4:43pm
bar hasnt closed yet but 9550 is right above you so take note of that and the bar lows above that at the 9600 level are substantial. its a counter trend trade which i like (many dont) but you have to be ready willing and able to take a breakeven if it turns against you. why do i like these? these are the set ups that eventually signal a reversal either short term or sometimes long term. its easy to get burned if your not practiced and accomplished from experience but boy is it a thrill to get a 2000 pip runner from one of these. it happens more than you think. go look at the 8/5/10 bar from this same pair or the 11/4/07 weekly bar. that weekly bar made more than one member of this group 6 figures.

jim

Quoting ginowise
Hello, Could someone confirm to me if this is good setup considering the size of this PB.
  • #94,213
  • Apr 21, 2011 5:10pm Apr 21, 2011 5:10pm
Do those daily pin bars look convincing enough on the Euro/USD and USD/CHF?

Thanking you in advance

LR
  • #94,214
  • Apr 21, 2011 5:11pm Apr 21, 2011 5:11pm
Both too small and both didn't close within the previous bar on my feed.

Quoting LoneRanger
Do those daily pin bars look convincing enough on the Euro/USD and USD/CHF?

Thanking you in advance

LR
  • #94,215
  • Apr 21, 2011 5:17pm Apr 21, 2011 5:17pm
Quoting LoneRanger
Do those daily pin bars look convincing enough on the Euro/USD and USD/CHF?

Thanking you in advance

LR
for me no!
u/c is closing bearish;e/u is closing bullish. both on fxpro.
ask yourself: do i have to take this trade right now?
these setups can work out. if your limit your risk, you can make money on these. but you are much safer, if you only the A+ setups. these here are c setups imho.
meine augen sind die sterne
  • #94,216
  • Apr 21, 2011 5:27pm Apr 21, 2011 5:27pm
Quoting james16
damn nice leelar.

gosh those make me smile.

jim
Thank you sir, I learned directly from your post recently:

http://www.forexfactory.com/attachme...9&d=1302024955
  • #94,217
  • Apr 21, 2011 6:25pm Apr 21, 2011 6:25pm
Quoting james16
mr dante posts here all the time but under a different name. i think he should uncloak. who's with me?!!!!

jim
yeah im with you, makes some great posts.
thanx for reminding me, i was gonna reply to that post also.
hope all is well with you sir.


jon
PATIENCE... DISCIPLINE
  • #94,218
  • Apr 21, 2011 6:50pm Apr 21, 2011 6:50pm
Quoting LoneRanger
Do those daily pin bars look convincing enough on the Euro/USD and USD/CHF?

Thanking you in advance

LR

two charts for you sir

Mike
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  • #94,219
  • Apr 21, 2011 7:51pm Apr 21, 2011 7:51pm
Is there any trading today (Friday)

It is Good Friday and so a Bank Holiday in the UK and Europe.
I think the US has closed up in most departments although strangely it is not a Bank Holiday.
  • #94,220
  • Apr 21, 2011 10:39pm Apr 21, 2011 10:39pm
Quoting six gun
Is there any trading today (Friday)

It is Good Friday and so a Bank Holiday in the UK and Europe.
I think the US has closed up in most departments although strangely it is not a Bank Holiday.

Looks like it is going to be a bit thin, at best.
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