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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

  • #801
  • Apr 19, 2006 12:13am Apr 19, 2006 12:13am
Quoting merlin
its because of you guys that this place is rockin so hard lately!!

im really glad to see that we have maintained the friendly atmosphere through the growth. this is the one forum that brings a smile to my face everytime i come visit!
Right Chief Forexer
kiss the trend
  • #802
  • Apr 19, 2006 4:05am Apr 19, 2006 4:05am
Quoting james16
i dont know if you guys are aware of this and merlin would not brag about it so i will. moneytec has always been the big boy on the block. often times you will see it refered to as the mighty moneytec. well it aint the big boy on the block no more. Forex Factory is now blowing moneytec out of the water. thats not a visual take but based on actual statistics. moneytec is now number 2 behind this great forum and it tickles me to death.
Anybody got an EA so I can backtest?

Keeping it Simple
  • #803
  • Apr 19, 2006 4:07am Apr 19, 2006 4:07am
Quoting habeeb
Anybody got an EA so I can backtest?
Well, I'm starting to develop one... What indicator do you use?
  • #804
  • Apr 19, 2006 11:26am Apr 19, 2006 11:26am
Quoting james16
damn guy you almost choked me up. my biggest fear all those months ago was i would be taken as a crackpot or worse yet be burned at the stake like i have been over at moneytec. i love this place and i really feared a backlash from a certain type of person/people. i just had to believe that merlin would not let those kind of people take over this great forum like they have at the other place.

it was merlin who started the whole ball rolling. i never asked and frankly never had any intention of taking things any further than this public thread. when he gave me the oppurtunity he will be the first to tell you i fought it tooth and nail for some time. i dont want to hurt people even if its a result of actually trying to help them. the PF has gone better than i ever dreamed. one person has asked for a refund in 4 months and over 350 subscribers. thats pretty incredible. your post means a lot to me and i thank you.

jim

Well looks like I have Merlin to thank as well! Don't ever let those "certain types of people" get to you, as you have many people like me that you have turned around and gotten on the right track. I would hope that more than makes up for any backlashes you have encountered in the past and may encounter in the future.
  • #805
  • Apr 19, 2006 12:33pm Apr 19, 2006 12:33pm
Quoting diggsnoob
Well looks like I have Merlin to thank as well! Don't ever let those "certain types of people" get to you, as you have many people like me that you have turned around and gotten on the right track. I would hope that more than makes up for any backlashes you have encountered in the past and may encounter in the future.
thanks diggs
  • #806
  • Apr 20, 2006 2:41am Apr 20, 2006 2:41am
You can check site stats with toolbars from netcraft or alexa. I prefer netcraft. I've seen FF rise from just over 100,000 at the start of the year to around 36,000 now.

If you browse the competition you'll see:

MoneyTec 77,000
Trade2Win 70,000
Forex Factory 36,000
EliteTrader 22,000
FxStreet 20,000
DailyFx 13,000
(Motley Fool 1,100)

The rest are pretty much static so at this current rate of growth FF will be bigger than dailyfx, perhaps even this year sometime. Motley Fool is the top dog regarding finance/trading I think and isn't quite in the same category though (stocks).

Rock on!!!

Quoting james16
i dont know if you guys are aware of this and merlin would not brag about it so i will. moneytec has always been the big boy on the block. often times you will see it refered to as the mighty moneytec. well it aint the big boy on the block no more. Forex Factory is now blowing moneytec out of the water. thats not a visual take but based on actual statistics. moneytec is now number 2 behind this great forum and it tickles me to death.
  • #807
  • Apr 20, 2006 3:04am Apr 20, 2006 3:04am
Quoting Isotonic
I've seen FF rise from just over 100,000 at the start of the year to around 36,000 now.
From 100,000 to 36,000 is a rise?
Hehe.. Maybe it was supposed to be 10,000?
Sorry for being annal (?).. hehe..
  • #808
  • Apr 20, 2006 3:12am Apr 20, 2006 3:12am
East,

The numbers are rankings, like a pop song chart. So you'll see that google is #1.

So perhaps one day FF will be "Top of the Forex Pops"!
  • #809
  • Apr 20, 2006 3:49am Apr 20, 2006 3:49am
Quoting Isotonic
East,

The numbers are rankings, like a pop song chart. So you'll see that google is #1.

So perhaps one day FF will be "Top of the Forex Pops"!
Oh dang it! I thought they were some kind of votes or hit rate... LOL.. Mannn, what was I thinking.. hehehe.. :

Thanks Iso!
  • #810
  • Apr 27, 2006 7:42am Apr 27, 2006 7:42am
Quoting eastmaels
Oh dang it! I thought they were some kind of votes or hit rate... LOL.. Mannn, what was I thinking.. hehehe.. :

Thanks Iso!
Hey East,
thanx for asking the dumb stuff before I do:

Cya
Habeeb
Keeping it Simple
  • #811
  • Apr 27, 2006 7:51am Apr 27, 2006 7:51am
Quoting habeeb
Hey East,
thanx for asking the dumb stuff before I do:

Cya
Habeeb
Oh man! Did you have to rub it in?!
  • #812
  • May 1, 2006 2:25am May 1, 2006 2:25am
FF took a massive jump up last week, according to Netcraft. They update their stats on Sunday night (GMT). Now we're at 31,000 from 36,000 from 2 weeks ago.

I would of thought that the rate would slow down since the competition (any site) is harder to beat. At this rate we'll pass the 20,000 boys within a couple of months.

Get the toolbar form toolbar.netcraft.com - it has plenty of other features as well.

Quoting Isotonic
You can check site stats with toolbars from netcraft or alexa. I prefer netcraft. I've seen FF rise from just over 100,000 at the start of the year to around 36,000 now.

If you browse the competition you'll see:

MoneyTec 77,000
Trade2Win 70,000
Forex Factory 36,000
EliteTrader 22,000
FxStreet 20,000
DailyFx 13,000
(Motley Fool 1,100)

The rest are pretty much static so at this current rate of growth FF will be bigger than dailyfx, perhaps even this year sometime. Motley Fool is the top dog regarding finance/trading I think and isn't quite in the same category though (stocks).

Rock on!!!
  • #813
  • May 1, 2006 2:33am May 1, 2006 2:33am
Quoting Isotonic
FF took a massive jump up last week, according to Netcraft. They update their stats on Sunday night (GMT). Now we're at 31,000 from 36,000 from 2 weeks ago.

I would of thought that the rate would slow down since the competition (any site) is harder to beat. At this rate we'll pass the 20,000 boys within a couple of months.

Get the toolbar form toolbar.netcraft.com - it has plenty of other features as well.
Hey Iso,

I already got the toolbar using Mozilla as per your suggestion...
Great tool I say! Thanks for pointing me to it..
FF is currently showing 31,154! Let's see how much this trend can go..
  • #814
  • Edited 4:40pm May 6, 2006 4:32pm | Edited 4:40pm
this was a post made in another part of the forum and it was filled with anger, frustration and dissapointment. wow imagine that. has anyone new to this business not been there? i dare say not. maybe someone with a jillion dollars who doesnt care if they lose. i went thru it for eight grueling years when there was no help, NONE. no internet, no charts no nothing. just a peice of graph paper, ruler,pencil, newspaper and the number to my broker. if you are a new trader and you dont follow these rules at a minimum just quit now because you are toast. 95% dont make it past a year and thats a fact not just a general thought. i know many of you have seen this from me before but bare with me.

1. whatever/however you decide to trade you demo for three consecutive months profitably. no excuses, if it takes you a year to go 3 in a row then so be it.
2. after completing step one open a small account with no more than half of what you intend to go full with when its time. 3 months again with no excuses. 3 in a row or you dont move on.
3. open your full account and NEVER risk more than 3 percent of your account on any one trade. you trade only the way/system that went thru all the steps. if you have another system it must be proven by the above steps before it goes full/live.
4. you never trade intraday until you can trade on daily and weekly charts with success

if your not going to treat this as a business then quit and go to vegas where your odds are better. going into the trading game blind with no plan is financial suicide.

1. state your goals
2. make your plan
3. execute your strategy

the pin bar has not been visited for a while here and i would like to do that now with some recent ones that by themselves on daily and weekly charts have been huge successes. charts to come. im not going to go thru a tutorial, thats already been done in this thread
  • #815
  • Edited 5:31pm May 6, 2006 4:47pm | Edited 5:31pm
Quoting james16
this was a post made in another part of the forum and it was filled with anger, frustration and dissapointment. wow imagine that. has anyone new to this business not been there? i dare say not. maybe someone with a jillion dollars who doesnt care if they lose. i went thru it for eight grueling years when there was no help, NONE. no internet, no charts no nothing. just a peice of graph paper, ruler,pencil, newspaper and the number to my broker. if you are a new trader and you dont follow these rules at a minimum just quit now because you are toast. 95% dont make it past a year and thats a fact not just a general thought. i know many of you have seen this from me before but bare with me.

1. whatever/however you decide to trade you demo for three consecutive months profitably. no excuses, if it takes you a year to go 3 in a row then so be it.
2. after completing step one open a small account with no more than half of what you intend to go full with when its time. 3 months again with no excuses. 3 in a row or you dont move on.
3. open your full account and NEVER risk more than 3 percent of your account on any one trade. you trade only the way/system that went thru all the steps. if you have another system it must be proven by the above steps before it goes full/live.
4. you never trade intraday until you can trade on daily and weekly charts with success

if your not going to treat this as a business then quit and go to vegas where your odds are better. going into the trading game blind with no plan is financial suicide.

1. state your goals
2. make your plan
3. execute your strategy

the pin bar has not been visited for a while here and i would like to do that now with some recent ones that by themselves on daily and weekly charts have been huge successes. charts to come. im not going to go thru a tutorial, thats already been done in this thread
ok so your brand new to this business. get the worthless crap off of your charts. stoch, macd, etc etc. there is a place for them but not with new traders. when its time, use them to spot divergence which is all they are good for anyway. get the stupid ma cross systems off your charts also, they can work but thats another story. two things on your chart. price and the 365 EMA. nothing else. daily,weekly and monthly charts only. lets take a look.
  • #816
  • May 6, 2006 4:58pm May 6, 2006 4:58pm
Example Chart
Attached Image
  • #817
  • May 6, 2006 5:11pm May 6, 2006 5:11pm
Example Chart
Attached Image
  • #818
  • May 6, 2006 5:18pm May 6, 2006 5:18pm
if your not willing to give this at least two years of study and practice then your just playing around. doctors and lawyers etc spend 6 to 10+ years mastering something that can make them rich. why would anyone think that this business which can make you much wealthier than most any other profession is any different.
  • #819
  • May 6, 2006 5:28pm May 6, 2006 5:28pm
Example Chart
Attached Image
  • #820
  • May 6, 2006 5:30pm May 6, 2006 5:30pm
New Traders Starting Off On Intraday Are Already In The Coffin.
The Nails Are Usually Hammered In Within Two Months.
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