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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

  • #95,761
  • Edited 2:52pm May 27, 2011 2:39pm | Edited 2:52pm
Note to self:

Must NOT trade when hung over, must NOT trade when hung over, must NOT trade when hung over...

Next week could not come any sooner
  • #95,762
  • May 27, 2011 2:43pm May 27, 2011 2:43pm
Quoting mbqb11
Hey B

Yes you are correct bars can really be played everywhere, but they are more tricky as continuations....
Thanks for the tips mike! My trade was just stopped out. Good thing this was all on demo trading for free lessons here I know james teach to take these trades only at swing highs and lows with their respective PA and I am going to abide to them. These little "non-conventional" trades are more for observational purposes. Thanks again! I think these little subtle things are what will eventually add up to becoming a better trader.
  • #95,763
  • May 27, 2011 8:34pm May 27, 2011 8:34pm
Quoting Greenhaze
I dont know if it would but it sure looks interesting. These are commodity currencies (AUD-gold , CAD - oil). I dont want to complicate it to much but i find those simple correlations very helpfull in my analysis. Cheers
The Three Most Important Commodities (atm) Are Food, Water & Oil.
Prior to Canada being a Global Oil producer, it was known as "The Bread Basket"
It has numerous Mountain Ranges that cause clouds to rise & drop the heavy Moisture.
It is laced with Freshwater Lakes. Some so large we know them as "The Great Lakes"
The 49th Paralell {CAD US Border} cuts a line through those lakes.
The US wants to Pipe Lake Erie throughout the US. Draining All! {at least lowering thier levels.}

Canada has a bunch o' $#it going for them.
All we need is a PM with some Steel between his pockets.{Not sure I want a Female PM with the same between Her's}

I know The Aussies have Thier Side. Anyone listening?

B
  • #95,764
  • May 28, 2011 3:30am May 28, 2011 3:30am
Quoting Bemac
All we need is a PM with some Steel between his pockets.{Not sure I want a Female PM with the same between Her's}
B your da man!!...just say it as it is!!
  • #95,765
  • May 28, 2011 3:56am May 28, 2011 3:56am
Guys just want to wish u all a good weA ekend wherever you R
  • #95,766
  • May 28, 2011 4:52am May 28, 2011 4:52am
we are now at the key point .
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A chart helps those who can read it.
  • #95,767
  • May 28, 2011 4:53am May 28, 2011 4:53am
Quoting Dan Gilbert
I was finally able to get into my account stick this sell order in

looking good on the breakout + trend + BEOB + VBRN....

easy life.
indeed...tough i missed days ago -.-

darn ^^
Hero calls followed by margin calls...
  • #95,768
  • May 28, 2011 6:19am May 28, 2011 6:19am
Anyone knows where can I find materials about continuation trades ?

I'm pretty familiar with pullback trades but continuation seems tricky to me.

Thx you.
  • #95,769
  • May 28, 2011 6:27am May 28, 2011 6:27am
Hi guys,
my last week summary. Some profit made and something still running.
USDCHF
Nice brakeout as I indicated before
http://www.forexfactory.com/showthre...51#post4645651
Entry + Exit.
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Was waiting for others:
http://www.forexfactory.com/showthre...10#post4645710
AUDUSD
Entry + Still in.
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AUDJPY
Entry + still in. Not a nice situation, but the price rejected 86 level so I entered.
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Initial SL was usualy aprox 50pips.

Nice weekend!
Jarda
Follow my trading on Twitter and FB: @pumlitch
  • #95,770
  • May 28, 2011 9:54am May 28, 2011 9:54am
Taking a look at the monthly chart, I see that we are in the region of support that price has been bouncing off from for the past decade. Gonna be watching this one in the weekly and daily tf for bullish PA to enter off from.
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  • #95,771
  • May 28, 2011 10:03am May 28, 2011 10:03am
Quoting Bemac
The Three Most Important Commodities (atm) Are Food, Water & Oil.
Prior to Canada being a Global Oil producer, it was known as "The Bread Basket"
It has numerous Mountain Ranges that cause clouds to rise & drop the heavy Moisture.
It is laced with Freshwater Lakes. Some so large we know them as "The Great Lakes"
The 49th Paralell {CAD US Border} cuts a line through those lakes.
The US wants to Pipe Lake Erie throughout the US. Draining All! {at least lowering thier levels.}

Canada has a bunch o' $#it going for them.
All we need is a PM with...
I'm an American that has been living in Canada for more than 8 years now. I definitely agree that Canada needs a prime minister with a strong backbone. The sad thing is, most "leaders" in the Western world are severely lacking when it comes to REAL leadership.
"Don't trade to trade . . . trade to win." - James16
  • #95,772
  • May 28, 2011 10:07am May 28, 2011 10:07am
EUR/GPB

Month can be ending with a BEOB that closed below 38.2% fib ret and a RN.
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  • #95,773
  • May 28, 2011 10:22am May 28, 2011 10:22am
This is an aggressive BEOB that was played as a continuation as opposed to a swing high. Got filled short at 177.13 and started covering around 175.37. The plan was to hang on until it got closer to 175.00 but I could hear James' voice, "never let a winner become a loser" and got out earlier. Oh well nice profit nevertheless. I'm getting there folks and you that are struggling will get there too. Thanks for the umpteenth time to James, Mike, Mark, Seek, Jim, and the rest of the crew.
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"Don't trade to trade . . . trade to win." - James16
  • #95,774
  • May 28, 2011 10:26am May 28, 2011 10:26am
I know it's been a few years since the start of this thread, but I have a quesiton for those of you who are members of the private forum. I know what I learned in this thread has already improved my trading tenfold so I wonder how much more I can get out of the private forum. Any info would be appreciated.

Mav
  • #95,775
  • May 28, 2011 11:18am May 28, 2011 11:18am
Story looks good though..

CA 1.65,TL,150 EMA,came off good level..
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  • #95,776
  • May 28, 2011 12:36pm May 28, 2011 12:36pm
Maverick,

I have basically the same question. This thread is the most worthwhile resource I've come across in some time. I'm going to join the PF June 1.

Question for the floor if you will...any recommendations on an MT4 Broker for a demo account. Need to set up one for my first 3 months of demo trading per James "page 1" instructions. As well, I'm thinking about subscribing to eSignal's web-based LiveCharts...can't use MT4 at work...any thoughts?

Thanks
LM
  • #95,777
  • May 28, 2011 1:46pm May 28, 2011 1:46pm
Quoting Maverick69
I know it's been a few years since the start of this thread, but I have a quesiton for those of you who are members of the private forum. I know what I learned in this thread has already improved my trading tenfold so I wonder how much more I can get out of the private forum. Any info would be appreciated.

Mav
& Less is More,
Timing & Visuals. Similar to Most PF Members { Mike is an annomoly that just wants to Share & Guide } I post my findings there First.
The Biggest advantage, I believe, may be the Library of Videos & Webinars. Numerous of them Weekly which attend to "Current Scenarios."

AND If you think the J16 Thread at FF is 'clean'
Consider what it may be like in the J16 House.
Not a punt. Just a fact.

B
  • #95,778
  • May 28, 2011 2:41pm May 28, 2011 2:41pm
Thanks Bemac. Any thoughts on best demo account provider
  • #95,779
  • May 28, 2011 4:41pm May 28, 2011 4:41pm
been waiting to touch trade this for a few weeks and it had to close on a friday of long weekend...damn
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  • #95,780
  • May 28, 2011 11:02pm May 28, 2011 11:02pm
Hi everyone

Would like to share my trades for this week of the USDCHF as attached. Feel free to comment.

Apr 2011 overall trade progress (demo account):
Profit: 471 pips
Loss: 59 pips

May 2011 overall trade progress (demo account):
Profit: 146 pips
Loss: -

Cheers
NS
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