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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

  • #100,381
  • Aug 14, 2011 4:43pm Aug 14, 2011 4:43pm
Hi fascist, i'm not watching these commodity chart. Anyway, i have a question does the blue line in the chart below concern you as a possible resistance? or base on the size and location of the pin it may give us the momentum to break the resistance?
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  • #100,382
  • Aug 14, 2011 4:47pm Aug 14, 2011 4:47pm
Quoting deankenny21
Someones not been listening in class

Jim does not use 30 pip stops at all, he places stop according to all the rules. What he means is he never really let a trade go against him by 30 pips, and if it is he will re-evaluate it and probably close it at that. But his stops are not set at 30 pips.
I do not believe that this is accurate.

The big point to take away from this is that Jim is also in the equivalent of an F1 racer while most all here are driving on what I would consider to be a Kart (shifter kart) racing level. They are nowhere near the same thing. What Jim does is interesting to study, but not for 99.9% of people on this thread to apply. As you become proficent and profitable with J16 then, and only then, would I say to start to go to a level 201 teaching. Oh, and Jim's methods are more of Masters degree level courses

Ryan
  • #100,383
  • Aug 14, 2011 5:10pm Aug 14, 2011 5:10pm
I cannot recommend them for a live broker as I have not used them but FXPRO's demo account has a ton of pairs.


Quoting AQs
Sorry for the nnob questions... I'm gonna to trade only daily pinbars, so I'm looking for a broker what have a lot of currencies available and also metals...
Any help?
  • #100,384
  • Aug 14, 2011 5:34pm Aug 14, 2011 5:34pm
Quoting dmc
I cannot recommend them for a live broker as I have not used them but FXPRO's demo account has a ton of pairs.
tyty
  • #100,385
  • Aug 14, 2011 10:23pm Aug 14, 2011 10:23pm
slowly transitioning to new markets.

Yahoo.

green arrows good cut off point for trade mgmt. FTA are pretty clear
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  • #100,386
  • Aug 14, 2011 10:26pm Aug 14, 2011 10:26pm
Quoting mbqb11
slowly transitioning to new markets.

Yahoo.

green arrows good cut off point for trade mgmt. FTA are pretty clear
Why are you trasitioning to you markets ?
  • #100,387
  • Aug 14, 2011 10:28pm Aug 14, 2011 10:28pm
Quoting mbqb11
slowly transitioning to new markets.

Yahoo.

green arrows good cut off point for trade mgmt. FTA are pretty clear

Way to go! get all their money!

How's it going man? Haven't posted here in a long while. I'm still lurking in the shadows though.

Mike
  • #100,388
  • Aug 14, 2011 10:33pm Aug 14, 2011 10:33pm
Quoting tubguy
Way to go! get all their money!

How's it going man? Haven't posted here in a long while. I'm still lurking in the shadows though.

Mike
Hey Mike, how's that heat treating you over there. Hope it's finally cooling off a bit

Good to see you buddy

Mike
  • #100,389
  • Aug 14, 2011 10:34pm Aug 14, 2011 10:34pm
Quoting AQs
Why are you trasitioning to you markets ?
just adding more to my watch list. The more I do this the less time I desire spending on intraday charts. Equities/futures is the next logical thing for me to add to my FX trading

best
Mike
  • #100,390
  • Aug 14, 2011 10:52pm Aug 14, 2011 10:52pm
wow I spotted yahoo on my radar as well, there are a few interesting stocks charts this week

Quoting mbqb11
slowly transitioning to new markets.

Yahoo.

green arrows good cut off point for trade mgmt. FTA are pretty clear
  • #100,391
  • Aug 14, 2011 10:52pm Aug 14, 2011 10:52pm
Quoting mbqb11
just adding more to my watch list. The more I do this the less time I desire spending on intraday charts. Equities/futures is the next logical thing for me to add to my FX trading

best
Mike
How do you get chart's out of ameritrade ?
  • #100,392
  • Aug 14, 2011 10:54pm Aug 14, 2011 10:54pm
EURCHF and GBPCHF gapped up on todays open. Anybody waiting to enter long on the PB on daily and 4 hour?

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  • #100,393
  • Aug 14, 2011 10:56pm Aug 14, 2011 10:56pm
Quoting mbqb11
just adding more to my watch list. The more I do this the less time I desire spending on intraday charts. Equities/futures is the next logical thing for me to add to my FX trading

best
Mike
With a Waiver. no doubt. If I could be allowed... I would toss my hat at MBQB11's Futures & Options discussion.
You bet. Not a Challenge you understand. Another Vehicle entirely & we all start from... well... hmmm... Let's get it Started... At the beginning Please.

B
ps. I Sold a Put. Why did My Acct Balance Increase?
Mike, you know me. I'm not being challenging. Just trying to foreplay what may be upcoming. Puts & Calls & Buys & Sells & ALL can be Intertwined...
Oooohhhh I love Options.

B
  • #100,394
  • Aug 14, 2011 11:00pm Aug 14, 2011 11:00pm
Quoting mbqb11
Hey Mike, how's that heat treating you over there. Hope it's finally cooling off a bit

Good to see you buddy

Mike
No relief yet, got a sprinkle today and it dried up before hitting the ground. lol

I'll try to be around a bit more.

I guess I need to be "that other Mike" lol
  • #100,395
  • Aug 14, 2011 11:37pm Aug 14, 2011 11:37pm
Quoting Bemac
With a Waiver. no doubt. If I could be allowed... I would toss my hat at MBQB11's Futures & Options discussion.
You bet. Not a Challenge you understand. Another Vehicle entirely & we all start from... well... hmmm... Let's get it Started... At the beginning Please.

B
ps. I Sold a Put. Why did My Acct Balance Increase?
Mike, you know me. I'm not being challenging. Just trying to foreplay what may be upcoming. Puts & Calls & Buys & Sells & ALL can be Intertwined...
Oooohhhh I love Options.

B
I'm always playing student so I am all ears

Was glad to see you pop into the new thread
  • #100,396
  • Aug 15, 2011 12:01am Aug 15, 2011 12:01am
I watch 3 feeds so far ..
Onada, FXdd and Gotrader..

all of them closes their H4 TF at 5 PM, 6 PM and 7 PM respectively.

All the above timezones are USA PST.. In EST it will be 8 PM, 9 PM, 10 PM.

I am looking for another broker who has their H4 closes at 8 PM (PST) or 11 PM(EST)..

I have looked at couple of brokers (like IBFX, FXPRO, Alpari UK and MB trading) and none of thier H4 TF are closing at 8 PM pst..

Does any one point me to another broker who has their H4 closes at 8 PM PST?

PST: Pacific Time Zone
EST: Eastern Time Zone
  • #100,397
  • Aug 15, 2011 12:08am Aug 15, 2011 12:08am
Quoting mbqb11
slowly transitioning to new markets.

Yahoo.

green arrows good cut off point for trade mgmt. FTA are pretty clear

http://www.forexfactory.com/showthre...78#post4867278
meine augen sind die sterne
  • #100,398
  • Aug 15, 2011 12:38am Aug 15, 2011 12:38am
Quoting aserbfx

http://www.forexfactory.com/showthre...78#post4867278
  • #100,399
  • Aug 15, 2011 2:30am Aug 15, 2011 2:30am
We should really get some option discussion going! I traded options before venturing into forex so it's always delightful to discuss them!
  • #100,400
  • Aug 15, 2011 4:32am Aug 15, 2011 4:32am
Quoting mbqb11
just adding more to my watch list. The more I do this the less time I desire spending on intraday charts. Equities/futures is the next logical thing for me to add to my FX trading

best
Mike

Hey Mike,

Do you suggest to add stocks and equities to a newbee's watchlist? Or should one stick to fx till the foundation is solid? Because I have been contemplating the same thing for some time now.

Thanks.
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