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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

  • #110,561
  • Apr 21, 2012 3:23am Apr 21, 2012 3:23am
Quoting ghous
You are risking a fake out dude.

Space isn't something you could bet on entirely.

I always cringe when I see people trying to trade initial breakouts blindly.

By blindly I mean via just pending orders with no indication of PA.

Now even a BUOB at a swing high like that won't be anything less than a very risky trade but going in blindly is playing into the tricks of the pros BIG TIME.

Consider this for a moment. If a we see a nice move up Monday morning followed by a quick rejection to form a decent bearish pin bar off the same swing...
#2.
agree.
Hero calls followed by margin calls...
  • #110,562
  • Apr 21, 2012 4:15am Apr 21, 2012 4:15am
Quoting bullzeye
EUR/CAD break the TL, first TA ahead...very interesting constellation, i would stay a lil longer

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I have the exactly same setup, just that I took half of the table at thursdays close.
Thoughts are things
  • #110,563
  • Apr 21, 2012 4:22am Apr 21, 2012 4:22am
Quoting Pumlitch
Hehe :-)
no chart. I usualy care about highs and lows and trend lines and you are showing that the daily close acts as S/R as well. Now I started to use it in my trading and it's good. That's all.

I see . .Yes, many are taking a second look at these levels . .and well they should . .. . .Highs/Lows with the Yen pairs are a must . .
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Indicators show the past. Price Action "Indicates" the future.
  • #110,564
  • Apr 21, 2012 5:26am Apr 21, 2012 5:26am
Quoting ghous
You are risking a fake out dude.

Space isn't something you could bet on entirely.

I always cringe when I see people trying to trade initial breakouts blindly.

By blindly I mean via just pending orders with no indication of PA.

Now even a BUOB at a swing high like that won't be anything less than a very risky trade but going in blindly is playing into the tricks of the pros BIG TIME.

Consider this for a moment. If a we see a nice move up Monday morning followed by a quick rejection to form a decent bearish pin bar off the same swing...
thanks Ghous for your words of wisdom, i appreciate. I learning a lot from people in this thread and looking forward to learn more
  • #110,565
  • Apr 21, 2012 6:06am Apr 21, 2012 6:06am
EUR/AUD looks like the TL is hard to break

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  • #110,566
  • Apr 21, 2012 7:28am Apr 21, 2012 7:28am
After a year abstinence, I'm back. Been lurking this thread since I left and I'm ready to be trading again. Do the Seniors here use multiple brokers for the different candle formations or mainly one? Which day closer do you guys use the most? American session?
  • #110,567
  • Apr 21, 2012 7:52am Apr 21, 2012 7:52am
Quoting jarroo
Sorry about the gado I meant to say "keep at it" but saving the chart is good too . When I first started, I saved and printed out all of James16's charts . .and many of Mike's charts. I reviewed them daily.

I should have also pointed out on the PPZ level and HCR line up at the 1.2758.

We'll keep watching . .


Jim
No problem, sir. I'm sorry too. I often confused and misunderstood with the sentence in here because my English is very poor.

And thank's for the encouragement, sir. I do the same as you, but I don't printed all, just a couple.

Yup, that HCR level make price move downside. Keep watching it too..

gado
  • #110,568
  • Apr 21, 2012 10:29am Apr 21, 2012 10:29am
Quoting bullzeye
EUR/AUD looks like the TL is hard to break

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You've also got one of jarroo's daily HCR at the minor swing point of 1.2758. There was a nice Friday bounce there (within 6 pips anyway). 4H shows this is a very nice PPZ to watch for PA.

Currently looking for bearish PA here until there's a close above.
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  • #110,569
  • Apr 21, 2012 10:37am Apr 21, 2012 10:37am
Hi Everybody.


I have red a lot about this forum, but one thing i dont understand:
If James is makeing so lot of money by the forex, and he likes really teaching the people, why do we need to pay so much money to join the james group??? I dont have any problem whit this, just i dont understand this mentality... I have thought about this question a lot... 1. He could not make so much money by the forex, or he is greedy...????

If I see an advertisement in connection with the forex, there is a fee, its fast all scam.

WHY DO WE HAVE TO PAY SO LOT OF MONEY TO THAT MAN, WHO HAS A MONEY MAKER MACHINE?????????? it is the main question in my brain...

I wrote that here, because i need your help. Please explain it to me.

I dont want to fight with James, i hope you dont misunderstand me, just i have a question...
  • #110,570
  • Apr 21, 2012 11:17am Apr 21, 2012 11:17am
Quoting Zeee86
Hi Everybody.


I have red a lot about this forum, but one thing i dont understand:
If James is makeing so lot of money by the forex, and he likes really teaching the people, why do we need to pay so much money to join the james group??? I dont have any problem whit this, just i dont understand this mentality... I have thought about this question a lot... 1. He could not make so much money by the forex, or he is greedy...????

If I see an advertisement in connection with the forex, there is a fee, its fast all scam.

WHY DO WE HAVE TO PAY...

Its not that much at all, in relation to what your getting.
Go do a course with any other "expert", and pay $1500 a lesson.

It keeps out the trash also. It would be impossible to teach for free, or even a minimal sum. Too much noise, and if you cant afford to pay whatever a month, you cant afford to trade. Save up till you can, demo and learn from the public thread in the mean time.

And if your good at something, spend a lot of time and effort and hard work as James, Mike and all the others do, wouldn't you want, and deserve remuneration? These guys change lives, when you really get it, you'll see that they are basically giving it away for free at this rate.

BTW, I am not a member of the PF, so I have no bias, other the the pleasure of speaking with Mike, and James and the others.
  • #110,571
  • Apr 21, 2012 11:23am Apr 21, 2012 11:23am
ua on daily and weekly.
wait for a retest of the 100 usd.
nicely with the trend.
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meine augen sind die sterne
  • #110,572
  • Apr 21, 2012 12:36pm Apr 21, 2012 12:36pm
Quoting Zeee86
WHY DO WE HAVE TO PAY SO LOT OF MONEY TO THAT MAN, WHO HAS A MONEY MAKER MACHINE?????????? it is the main question in my brain...
You don't have to! All the information you need is FREE in this thread.

The only advantage of the private forum is that it is less cluttered, easier to find the information and there are lots of videos and a live chat room.

Personally I think the private forum is good value for money. But I would suggest reading a good chunk of this thread from the beginning and test things out on demo first before spending any money.
  • #110,573
  • Apr 21, 2012 12:38pm Apr 21, 2012 12:38pm
Quoting DBallerz
After a year abstinence, I'm back. Been lurking this thread since I left and I'm ready to be trading again. Do the Seniors here use multiple brokers for the different candle formations or mainly one? Which day closer do you guys use the most? American session?
hey There,

Welcome back!

I for one, use only one feed, i.e the 5 pm est close (Fxpro) which lines up with the US stock market session and is most widely used for this very reason.

g.
I believe . . .
  • #110,574
  • Apr 21, 2012 12:48pm Apr 21, 2012 12:48pm
Quoting gadogado
No problem, sir. I'm sorry too. I often confused and misunderstood with the sentence in here because my English is very poor.

And thank's for the encouragement, sir. I do the same as you, but I don't printed all, just a couple.

Yup, that HCR level make price move downside. Keep watching it too..

gado
I believe your english is better than mine . . . .(or is it "then mine")

Indicators show the past. Price Action "Indicates" the future.
  • #110,575
  • Apr 21, 2012 1:03pm Apr 21, 2012 1:03pm
Quoting Donkey
You've also got one of jarroo's daily HCR at the minor swing point of 1.2758. There was a nice Friday bounce there (within 6 pips anyway). 4H shows this is a very nice PPZ to watch for PA.

Currently looking for bearish PA here until there's a close above.
Looks good as always D . . . .on the EurAud.

The UsdNok played out as you expected . .I quess it paused to gather more momentum . .yes, I borrowed your "LCS 2" level.

Some bearish PA (on the Hourly / 4 Hour) at the 5.7419ish level would be nice.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #110,576
  • Apr 21, 2012 1:17pm Apr 21, 2012 1:17pm
How is my analysis for EU?
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  • #110,577
  • Apr 21, 2012 1:58pm Apr 21, 2012 1:58pm
While still range bound, Eur/Nzd could be heading towards the lower side of the box. Thoughts?

Ender
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  • #110,578
  • Apr 21, 2012 2:17pm Apr 21, 2012 2:17pm
Hi Everybody,

So much going on with GBPAUD I just wanted to post up some charts and thoughts to see what you guys think.

Price is now near the top of a long bearish channel or funnel type pattern on the weekly.
Weekly HCR with matching bar highs and lows right at the top trendline of the pattern. And DBLHC right at that level.

On the daily I'm seeing a quadruple action daily HCR. That last bar is about 6-8 pips shy but that seems close enough for me.
Also 3 touches of the RN 1.5500.

Then PBT&CA both the RN and the HCR. I actually had a limit order in around the RN yesterday but it never triggered.

So yesterday we get a daily confirmation which is also a PB.

I wouldn't take a PA trade of the PB down into all that resistance that has possibly now become support. But, possibly a short TT of the weekly HCR, and left eye of PB, with the 1.5500 as the FTA. Or, if price initially goes down, look for TT or PA at the RN or daily HCR for a long trade. Either way, all good areas to keep stops small and for trade management. And of course good PRICE ACTION at any of these area would be the tip off.

And to throw some of Mike's stuff in, if we get in long we could possibly be in a preemptive breakout play of the weekly TL and DBLHC.

A nice gap tomorrow night to one of these areas as additional confluence would be pretty sweet.

I know a lot of this is pretty simple and obvious stuff to most of you guys, just kind of going through my thought process here. If my thinking is wrong on any of this, someone please point it out. Different views always appreciated.

Cheers,
Jim

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  • #110,579
  • Apr 21, 2012 2:50pm Apr 21, 2012 2:50pm
AU trade update. No KaBooM but targets were hit

It looks like we could go higher next week.

Cheers!
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  • #110,580
  • Apr 21, 2012 3:05pm Apr 21, 2012 3:05pm
Quoting Zeee86
Hi Everybody.


I have red a lot about this forum, but one thing i dont understand:
If James is makeing so lot of money by the forex, and he likes really teaching the people, why do we need to pay so much money to join the james group??? I dont have any problem whit this, just i dont understand this mentality... I have thought about this question a lot... 1. He could not make so much money by the forex, or he is greedy...????

If I see an advertisement in connection with the forex, there is a fee, its fast all scam.

WHY DO WE HAVE TO PAY SO...
I'm sure most of it covers the overhead - there's server time, security, they host live webinars, there are video responses, eveything's archived, you don't have the once a month folks coming in claiming the J16 stuff is a scam. Well worth the price of admissision in my book - especially since after a year you're a lifer. Not for everybody....definitely for me.
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