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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

  • #104,161
  • Nov 8, 2011 10:55am Nov 8, 2011 10:55am
Quoting darxtar
Thanks for reply. I've already decided to join. I am just not sure when to do that.
Let me ask one more question please.
I wanna study the most efficient way. Do you think that studying the materials in the PF will be more efficient than keep reading this whole thread from page 20? Please consider that I might not have time to post graphs and participate in such a way in the PF.
Hey D

WIth the PF we just have the ability to control and expand on topics in different ways. With this thread, it's just huge so its difficult to control many of the discussions, teaching tools, etc. I think honestly the PF is better because it cuts the fat and you can go locate specific things you are looking for. With that said, I still think reading the first couple hundred pages will make it easier to understand things in the PF in a more effective way too(not necessary since it's all there too) but, I would consider doing that first before joining myself.

Hope that helps,

Mike
  • #104,162
  • Nov 8, 2011 11:12am Nov 8, 2011 11:12am
Quoting mbqb11
Hey D

WIth the PF we just have the ability to control and expand on topics in different ways.....
Mike
I think I will keep reading then. I was hoping for more videos like in the guest section - these made few things very clear to me and it was fast and smooth way how to learn. Also I hoped for videos about some other ways how to trade - 365 ema and some others which aren't mentioned in this thread - I think James said that the PF will include such a guides... is that correct?
  • #104,163
  • Nov 8, 2011 11:16am Nov 8, 2011 11:16am
Quoting darxtar
I think I will keep reading then. I was hoping for more videos like in the guest section - these made few things very clear to me and it was fast and smooth way how to learn. Also I hoped for videos about some other ways how to trade - 365 ema and some others which aren't mentioned in this thread - I think James said that the PF will include such a guides... is that correct?

Hey D

Yep there are a ton of videos/recorded webinars/ etc All different topics

If you have more questions shoot me a PM

Best
Mike
  • #104,164
  • Nov 8, 2011 11:20am Nov 8, 2011 11:20am
Quoting darxtar
I could read whole James 16 Chart Thread, but I think that would take too much time (while having full time job, one does not have so much time) and also there is a lot of unrelated or not so important posts....
Hey Darxtar,

I assume if you read the first post then you found this link:

http://www.forexfactory.com/showthre...99#post2585699

It was a summary of the thread that Josh put together back in 2009. There's loads of great links there to lots of relevant posts and information. It's a very useful repository to bookmark and should help you cut through to some of the key stuff.

If you're stuck for setups, then the other thing I would recommend is to spend your time wisely and backtest daily and weekly setups until the cows come home. You can use vhands with MT4 (search the forums), or invest in ForexTester.

Best,
Chris
  • #104,165
  • Nov 8, 2011 12:09pm Nov 8, 2011 12:09pm
@Mike: I think we will see each other soon in the PF :-) I am looking forward to it.

@Chris: Yep, I went through the summary in the beginning. I think it is good idea to go through it once again when I have much better idea about what PA is.
The back testing sounds like a very good idea... gonna do some googlin on VHands and try it.

Thank you, I appreciate your help very much. Hopefully I will be able to help the newcomers in the future too :-)
  • #104,166
  • Nov 8, 2011 12:19pm Nov 8, 2011 12:19pm
Quoting mbqb11
Hey D

Yep there are a ton of videos/recorded webinars/ etc All different topics

If you have more questions shoot me a PM

Best
Mike
Mike ,
do you still lead webinars each week ?

I consider joining again , mainly for them They were my favorite .
  • #104,167
  • Nov 8, 2011 12:31pm Nov 8, 2011 12:31pm
Quoting Rust
Mike ,
do you still lead webinars each week ?

I consider joining again , mainly for them They were my favorite .
yep, got one tonight. They are my favorite too


Thanks
Mike
  • #104,168
  • Nov 8, 2011 1:17pm Nov 8, 2011 1:17pm
not many setups(not one) this month
  • #104,169
  • Nov 8, 2011 1:31pm Nov 8, 2011 1:31pm
Quoting mbqb11
Hey D

WIth the PF we just have the ability to control and expand on topics in different ways. With this thread, it's just huge so its difficult to control many of the discussions, teaching tools, etc. I think honestly the PF is better because it cuts the fat and you can go locate specific things you are looking for. With that said, I still think reading the first couple hundred pages will make it easier to understand things in the PF in a more effective way too(not necessary since it's all there too) but, I would consider doing that first before...
I have been a PF member since yesterday and have only slept for 2 hours...
What Mike said above is exactly true.
Also,Darxstar, Jaroo has his own section on PF and more than worth the money alone..
Trading is a test match not a Twenty20.
  • #104,170
  • Nov 8, 2011 1:42pm Nov 8, 2011 1:42pm
Happy Birthday James!

Also - Looking at a potential setup on GBPNZD.

Could be a BEOB moving towards a PPZ?

Any thoughts?

LT.
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  • #104,171
  • Nov 8, 2011 2:23pm Nov 8, 2011 2:23pm
Quoting decentchap
I have been a PF member since yesterday and have only slept for 2 hours...
What Mike said above is exactly true.
Also,Darxstar, Jaroo has his own section on PF and more than worth the money alone..
I've also been contemplating joining up to the PF as well. Had a chat with Mike about it a week or so ago about the benefits Vs just reading and joining in here of FF.

It is something I can see myself signing up to in the near future, but it's good to here another members experience.
  • #104,172
  • Nov 8, 2011 2:34pm Nov 8, 2011 2:34pm
I am a paid up member of the PF. In retrospect, I would never have deposited one penny in a live account prior to being a paid up member of the PF. I rarely have the chance to attend a Mike webinar live, but I have seen every one (some numerous times, better than DVR!) thanks to the archives on Mike's page. And that is just one small portion of what Mike offers, much less all of the other contributors. Invaluable...
  • #104,173
  • Nov 8, 2011 3:12pm Nov 8, 2011 3:12pm
Quoting darxtar
@Mike: I think we will see each other soon in the PF :-) I am looking forward to it.

@Chris: Yep, I went through the summary in the beginning. I think it is good idea to go through it once again when I have much better idea about what PA is.
The back testing sounds like a very good idea... gonna do some googlin on VHands and try it.

Thank you, I appreciate your help very much. Hopefully I will be able to help the newcomers in the future too :-)
Other things that will help quite a bit are reading all of the posts by the major players on the forum. Those include at a minimum Mike (MBQB11) and James (James16). I would suggest that you start with Mikes though as his method most closely follows the original method. James posts are great (esp in the beginning) but are a touch more advanced in what he has been posting recently. Jim's (Jarroo) spin on J16 is killer as well. His methodology will hone you into a PPZ big game hunter.

Ryan
  • #104,174
  • Nov 8, 2011 3:18pm Nov 8, 2011 3:18pm
Quoting chaze52
I am a paid up member of the PF. In retrospect, I would never have deposited one penny in a live account prior to being a paid up member of the PF. I rarely have the chance to attend a Mike webinar live, but I have seen every one (some numerous times, better than DVR!) thanks to the archives on Mike's page. And that is just one small portion of what Mike offers, much less all of the other contributors. Invaluable...
Couldn't agree more about Mike. He is way too modest to ever admit how important he is to J16 though . His webinars rock. They are always on point. Hell, he doesn't even stop them when he is in the middle of earthquakes! Now that is dedication. He is just as dedicated to answering questions on this side of the forum as he is on the PF though. So that may factor into people's decision to join.

Ryan
  • #104,175
  • Nov 8, 2011 3:36pm Nov 8, 2011 3:36pm
Quoting darxtar
Hello guys,

I would like to kindly ask for an advice.
I am very very seriously thinking about joining PF. The reason is that I've seen all the videos on guest part, I followed this forum for last cca 30-40 pages and read first 20 pages including the very important first post. Still I don't see that many trade opportunities on daily and weekly charts and I would like to see more. I would also like to study the Jarroo's methodology, but I don't think I am ready for making pure S/R trades, or S/R trades with PA confirmation on lower TF.

I know how...
Hi darxtar,

I have contemplated joining the PF as well, the guest material is great and I am sure that the info in the PF is priceless, however for me at this time I just don't have the time in my life to commit to it to make it worth while, in fact I struggle to get involved with this thread and would like to contribute more often but time does not currently permit me that luxury.

So what I am trying to say is the only defining factor for me to not join the PF is if you cannot commit the time as you may pay for something and not get the full value (I actually do doubt that though knowing the integrity of the people involved) however if you do have the time for me I it is well worth it and something I hope to do in the future as you never stop learning.

My situation sounds similar to yours with respect to the demo trading I had a really good 3 month demo period playing PBs on the daily charts, however I have just completed my first month live and struggled with the emotional side as I always have trading the daily charts.

At the end of the 1st month live my profit was 1.2% which is still a profit, but I really struggled on a couple of trades when I took profit early due to fear of losing and the trade went on to run, I then made a couple of bad trades that I was lucky to come out of at BE I am sure this was emotional trading as looking back on them they were outside bars that are not currently in my trading plan. The 1.2% was hard fought live trading.......the demo period seemed so much easier as at the back of my mind no matter how serious I treated the demo trading it wasn't real money, so as important as the demo process is I think there is so much more to learn from the successful guys on this forum and the PF especially with respect to trading with a live account.

P.S

Happy birthday James 16
  • #104,176
  • Nov 8, 2011 3:46pm Nov 8, 2011 3:46pm
Thought that this was an intersting area to keep an eye on for some possible PA. Not at a swing low, but it is at an interesting PPZ none the less. If it continued to have a weaker CHF (which is what speculation about how all CHF pairs will be headed), then this would be at the 1.25 BRN and also have the PPZ at 1.2415 in it's favor.

I am also trying to get my head wrapped around propper usage of all of Jarroo's terms. The 1.2415 line would be HCR due to the recent previous closes that it has been unable to break through, correct? I understand the concept atm, but am not 100% on how to verbal it

Ryan

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  • #104,177
  • Nov 8, 2011 5:14pm Nov 8, 2011 5:14pm
Quoting darxtar
Hello guys,

I would like to kindly ask for an advice.
I am very very seriously thinking about joining PF. The reason is that I've seen all the videos on guest part, I followed this forum for last cca 30-40 pages and read first 20 pages including the very important first post. Still I don't see that many trade opportunities on daily and weekly charts and I would like to see more. I would also like to study the Jarroo's methodology, but I don't think I am ready for making pure S/R trades, or S/R trades with PA confirmation on lower TF.

I know...
i've never joined the pf and i sincerely think it may not be necessary to become successful. all you need is here and, of course, within yourself. if you read the first 100-200 pages of this thread it can be enought to have a good idea of the "method". needless to say, price action and technical analysis is nothing without right attitude and properly MM.

reading this thread can be enought if you really get the point of the most important key concepts. listen to what james and other experienced traders has to say and try to stick with the rules they recommend to beginners. it is amazing how much trading wisdom you can find in james's posts.

you can also download james16's posted charts. there are a lot of trade examples with explaination in this thread, and they are all free. go to thread's attachment section, pick some posted charts with trade example and check the way james trade. learn from his experience. pf guest section's videos are good to understand trade management, they can wash away your final doubts, if you still have some. by the way learning is an hard and long process and experience will always be the best teacher. joining the pf might speed up the learning process, but imho you can easily learn how to trade even without joining it. however if you feel more comfortable or if you don't know where to start, maybe the private forum should be the way to go.
  • #104,178
  • Nov 8, 2011 5:26pm Nov 8, 2011 5:26pm
Quoting gungriffin
Thought that this was an intersting area to keep an eye on for some possible PA. Not at a swing low, but it is at an interesting PPZ none the less. If it continued to have a weaker CHF (which is what speculation about how all CHF pairs will be headed), then this would be at the 1.25 BRN and also have the PPZ at 1.2415 in it's favor.

I am also trying to get my head wrapped around propper usage of all of Jarroo's terms. The 1.2415 line would be HCR due to the recent previous closes that it has been unable to break through, correct? I understand...

I'll give my 2 pips on Jarroo's concepts and how you can use them. You're right your line is a HCR (highest close of resistance) and we wait for Price to break through and close above using the level as an entry (touch or lower time frame P/a) or possible S/L assuming you have other confluence there. Also notice how that line lines up with the swing low/bar low to the left of the chart - a very good piece of confluence. So we're currently bearish the short term until PBT&CA 1.2415 (1.2420 on my feed). Jarroo teaches we look for HCR/LCS in areas of consolidation or at swing points (same basics as others - PA at swing points, trade away from consolodation boxes, etc.....).

Here is one way I like to use these levels. I look for a historical swing point that's sticks out and mar either the HCR or the LCS. I also look for a recent HCR or LCS at either consolidation or swing point and draw that one in. Normally that is a very good way for me to see a strong ppz. In my charts I define the PPZ from 1.2420 to 1.2517 on daily - funny how they bracket the BRN, eh? Notice how when you define the rectangle by the HCR/LCS how the PPZ jumps out.

I wouldn't hesitate to trade daily PA either direction here. Big continuation BUOB with close above 1.2517 and I feel good for a long. Nice bar with close below 1.2420 and I would feel comforatable short.

I'm doing a small amount of demoing TT at these levels and I would currently feel pretty comfortable TT short at 1.2420 until we can close above. I would personally probably wait until close above the 1.2517 before tt long.

Sorry to ramble and hope this helps....I'm sure Jarroo will correct if he disagrees with anything I've put in here.
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  • #104,179
  • Nov 8, 2011 5:34pm Nov 8, 2011 5:34pm
Quoting Donkey
I'll give my 2 pips on Jarroo's concepts and how you can use them. ....
Following up with a 4HR chart. Take a look at the BEOB (not best shape) that occurred at the daily HCR that occurred on 10/19 (1.2420). Nice bounce there. Could have a TT at that level or wait for PA.
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  • #104,180
  • Nov 8, 2011 6:05pm Nov 8, 2011 6:05pm
Happy Birthday Jim, you rock

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