haha, people dont draw them differently...they draw them incorrectly.
But yeah same thing different words
james16 Chart Thread
- #95,343
- May 16, 2011 8:22pm May 16, 2011 8:22pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
Yeah I like us breaking away from the big "box".
I like the 1.6 area a LOT, Major nice clean PPZ and will finally bring us away from a lot of the recent mess that probably ate so many traders up
Yes, I hear you Mike.
Patience is the key.
Thought you would like the space building up.
How is Jarroo doing? I bet he has a ton of students following him, & good for him. Hopefully, it will take a little of the weight off your shoulders also.
- #95,344
- May 16, 2011 8:24pm May 16, 2011 8:24pm
- #95,345
- May 16, 2011 9:19pm May 16, 2011 9:19pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Yes, I hear you Mike.
Patience is the key.
Thought you would like the space building up.
How is Jarroo doing? I bet he has a ton of students following him, & good for him. Hopefully, it will take a little of the weight off your shoulders also.
It sure is Steve, most of the battle is that -no other way to say it
They are keeping him busy that is for sure LOL
He's a great guy
Mike
- #95,346
- May 16, 2011 9:26pm May 16, 2011 9:26pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
It sure is Steve, most of the battle is that -no other way to say it
They are keeping him busy that is for sure LOL
He's a great guy
Mike
Aren't you all!
Yes, as you say patience is the center of the trading universe and if we don't have any, we should get it ASAP.
That is a contradiction of terms, is it not?
Thanks Mike
- #95,348
- May 16, 2011 11:18pm May 16, 2011 11:18pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hey Less is more I put some comments under yours. These are just my opinion as always
Welcome to our "little' thread 
Sounds like you've got some experience and that's great. You don't ever have to throw out things that work. As James himself says and many of us have found, adding some of these techniques and creating your "own" method is the ultimate for most of us.
This is a bit of a red flag for me. Not b/c you can't do something like this, but b/c most people fail trying to trade when they have "time". This time usually being during the asian session(for the USers) when the markets are dead most of the time. They often end up just in a choppy mess and a account that goes down instead of up. Since you plan on trading daily weekly this problem is solved though.
I think this is another flaw for many people They trade just one pair to learn it back and front. This isn't wrong, but I think for most this is the opposite approach to take. Especially from a j16 standpoint. The greatest thing we have as traders of pure s/r is that there is so much out there available for us to trade. Tons of forex pairs/commodities/futures/equities/etc. So it is in my view that why not watch the daily weekly as you suggested but watch 30/40/50/100 pairs(add as you get comfortable). This way you don't get hung up on every little movement, or try to see things that might not be there. Scan your charts, look for the best, and build from there. Just easier in my opinion as well as solves your concern.
Again, welcome and hope this helps. Hang around here for a few months, ask questions, we have a great group
Best
Mike
I've been reading this thread with great interest over the last six weeks. The purity of James16's trading approach and his overall philosophy really resonates with me. I'm considering joining the PF to continue learning and begin applying the system to my own training.
I would be really interested in the group’s feedback on my planned approach to learning and applying the J16 system. If my plan doesn’t make sense I’d appreciate a reality check.
About me:
Work full-time four days a week in IT project management. I’ve been a moderately successful equity swing trader for 7+ yrs and have had some success with simple directional options strategies. I have “decent” chart reading/technical analysis skills.
I’m attracted to the potential of the FOREX market given the liquidity available, market size and ability for me to trade Asian session during the week and London/NY overlap on Fridays (day I don’t work).
This is a bit of a red flag for me. Not b/c you can't do something like this, but b/c most people fail trying to trade when they have "time". This time usually being during the asian session(for the USers) when the markets are dead most of the time. They often end up just in a choppy mess and a account that goes down instead of up. Since you plan on trading daily weekly this problem is solved though.
I was a member of a FOREX group for a few months that taught a trend-following momentum system that focused on multi-time frame analysis and buying pullbacks (based on waning momentum in lower time frames). My main focus was EUR/USD. While the theory behind the system was sound the number of rules made it confusing to apply and setups above the H1 were few and far between.
[color=black][font=Verdana]My plan is to join the PF next week. I can devote about 12hrs a week to trading education and feel I could...
I think this is another flaw for many people They trade just one pair to learn it back and front. This isn't wrong, but I think for most this is the opposite approach to take. Especially from a j16 standpoint. The greatest thing we have as traders of pure s/r is that there is so much out there available for us to trade. Tons of forex pairs/commodities/futures/equities/etc. So it is in my view that why not watch the daily weekly as you suggested but watch 30/40/50/100 pairs(add as you get comfortable). This way you don't get hung up on every little movement, or try to see things that might not be there. Scan your charts, look for the best, and build from there. Just easier in my opinion as well as solves your concern.
Anyway, I’ve prattled on too long here. Any and all feedback would be appreciated.
Regards
LIM
Best
Mike
- #95,349
- May 17, 2011 12:34am May 17, 2011 12:34am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
learn from Steve . 
A chart helps those who can read it.
- #95,350
- May 17, 2011 1:03am May 17, 2011 1:03am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
learn from Steve .
Hey Gen
I think that IB was more of a neutral bar than a bullish IB.
Got to run
- #95,351
- May 17, 2011 1:10am May 17, 2011 1:10am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Hey Gen
I think that IB was more of a neutral bar than a bullish IB.
Got to run
i watch your this chart several times every day .and move sl @ be .
A chart helps those who can read it.
- #95,352
- May 17, 2011 2:01am May 17, 2011 2:01am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- #95,353
- May 17, 2011 2:03am May 17, 2011 2:03am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Hey Gen
I think that IB was more of a neutral bar than a bullish IB.
Got to run
Got to run : closed my two long positions @ 81.49 where the previous box and the 150ema .100 pips. 
A chart helps those who can read it.
- #95,354
- May 17, 2011 2:07am May 17, 2011 2:07am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- #95,355
- May 17, 2011 3:35am May 17, 2011 3:35am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #95,356
- May 17, 2011 4:03am May 17, 2011 4:03am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
and move sl @ be .
Glad you like that chart Gen and even gladder you scored 100 pips on that trade.
- #95,357
- May 17, 2011 4:34am May 17, 2011 4:34am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
PATIENCE... DISCIPLINE
- #95,358
- May 17, 2011 5:10am May 17, 2011 5:10am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- #95,359
- May 17, 2011 5:31am May 17, 2011 5:31am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
PATIENCE... DISCIPLINE
- #95,360
- May 17, 2011 5:58am May 17, 2011 5:58am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts