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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

  • #118,221
  • Sep 12, 2012 5:26am Sep 12, 2012 5:26am
Quoting dan89
Whats the activity like on the Private Forum during trading hours and after hours ? Do the senior members usually reply fast or is it more like here on the public thread ?
Some parts of the forum are very active, some are not. It really depends on the topic of the subforum (there are +40 of them). Mike's section for example is always very busy. And to answer your second question: there you'll also find a lot of educational videos on basic things (Mike's newbie webinar series) AND on live trades. In the newbie seminars you can also post your questions via chat which is very helpful (oh BTW, I forgot to mention the member's chat that's open 24/7).

You know the great thing is no one forces you to stay there if you don't like it. Just pay for one month, look into it, if you like it stay, if not leave. And after a year of paying you got a lifelong membership. I mean do the math, that's $129/month = $1548 for a lifelong participation in an ever-growing ressource of trading methodology and wisdom (James16 even added a real estate subforum lately). Where else do you get so much bang for your bucks in the trading world?

Quoting dan89
How long have you been trading for if you dont mind me asking, do you trade for a living etc ?
I opened my first chart maybe in 2009. So it's about 3 years now. No, I don't trade for a living yet.
Thanks J16, Sam Seiden, Udine and Jacko
  • #118,222
  • Sep 12, 2012 5:31am Sep 12, 2012 5:31am
AUD/CAD

weekly pin, touch and bounced of PPZ and rising TL...

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  • #118,223
  • Sep 12, 2012 5:32am Sep 12, 2012 5:32am
Quoting rafstraszek
I have to admit, that I was never "internet social" kind of guy...I hate facebook, at twitter I look only if some development progress is posted (software kind of thing) ...but here I spend a lot ;D This thread is better than facebook...

And gbpusd has no desire to turn back to previous hcr (so eurusd)...but whatever - still works for me - more than 110 pips for now...It already covered all my little loses from beginning of the month...
nice trade dude
  • #118,224
  • Sep 12, 2012 5:39am Sep 12, 2012 5:39am
GBP/CHF

beautiful PPZ area, clean and clear PA, i love this one (even if i get a loss on it )...

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  • #118,225
  • Sep 12, 2012 5:58am Sep 12, 2012 5:58am
Good set-ups and already broken with good pullbacks ...

Anyone notice the Correlation ..
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  • #118,226
  • Sep 12, 2012 6:17am Sep 12, 2012 6:17am
Quoting Chanya
Not at all , just angry with its laziness ...
Now , More angry EUR JPY ... I hope its worth the wait ...

On the other hand , I think the CORN MAN is almost here ...
Human
  • #118,227
  • Sep 12, 2012 6:21am Sep 12, 2012 6:21am
Quoting rafstraszek
here

And we still are "jamessixteeners"
I am getting emotional ...
Human
  • #118,228
  • Sep 12, 2012 6:23am Sep 12, 2012 6:23am
Quoting rafstraszek
i don't freakin' believe it...missed by 0.3 pip...bye - i'm gonna shoot myself now...
I hope you dont do that , but if you do unfortunately , may your soul rest in peace ...

That is why , I suggest you to use 2-3 pips buffer ... Because after all , its daily charts ... And most people have used buffer in a fear of being left behind , so many times , price will retrace without even touching a level ... Mine did get activated though ...
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Human
  • #118,229
  • Sep 12, 2012 6:27am Sep 12, 2012 6:27am
Quoting Danku
Good set-ups and already broken with good pullbacks ...

Anyone notice the Correlation ..
that's why this is so correlatio, chart:
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  • #118,230
  • Sep 12, 2012 6:41am Sep 12, 2012 6:41am
Quoting 0421
that's why this is so correlatio, chart:
Swiss National Bank - 1.20000, remember ..

Cheers
  • #118,231
  • Sep 12, 2012 6:54am Sep 12, 2012 6:54am
Quoting rafstraszek
i don't freakin' believe it...missed by 0.3 pip...bye - i'm gonna shoot myself now...
We all are just dust in the world of forex and can do nothing with 100% accuracy. Let it go, mate. You'll find the other.
If not up, then down, otherwise sideways :-)
  • #118,232
  • Sep 12, 2012 6:56am Sep 12, 2012 6:56am
Quoting bullzeye
GBP/CHF

beautiful PPZ area, clean and clear PA, i love this one (even if i get a loss on it )...

Attachment
Where' your SL

Also whatching, but want confirmation of the resistance with PA. Too many false wicks on H4
If not up, then down, otherwise sideways :-)
  • #118,233
  • Sep 12, 2012 7:23am Sep 12, 2012 7:23am
Hello,

I see it a little bit different , I have LCS and today at h1 engulf i took long, sl below low of engulf, waiting for h4 close. best, Rosa.

Quoting bullzeye
GBP/CHF

beautiful PPZ area, clean and clear PA, i love this one (even if i get a loss on it )...

Attachment
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  • #118,234
  • Sep 12, 2012 7:31am Sep 12, 2012 7:31am
chan. sound like MR corn is breaking out
  • #118,235
  • Sep 12, 2012 7:37am Sep 12, 2012 7:37am
Quoting mbqb11
Yes...well everything is supply and demand. But you have so many traders doing different things. If price breaks out often price wants to come back to retest that breakout point. People take profit and sell back into that breakout point where supply/demand will be heavily located again since this was the last major point of buying/selling.

This is often why if you buy a break of a buob/pin/price pattern/etc and get your stop to breakeven you get stopped out before the LARGER move. price hits a trouble area, gets some weak selling price bounces...
So in your own trading, Mike, how do you estimate the power of the first trouble area? Is it only through the stuff you already use in your trade evaluation like PPZs, TLs, patterns etc. or is there something about the levels itself you take into account?

And are you more lenient with moving your stop to BE when you expect a FTA to have some decent impact? Or in other words: do you let price come back deeper into your area of potential loss if you trust your trade?
Thanks J16, Sam Seiden, Udine and Jacko
  • #118,236
  • Sep 12, 2012 7:57am Sep 12, 2012 7:57am
eurjpy could be nice for tomorrow...

I am also reconsidering usd jpy, I had sell order on the lowest green and deleted it, when it was almost hit (3 pip or so), but now price is turning back and i'm thinking about it again...Some advice maybe?
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  • #118,237
  • Sep 12, 2012 8:03am Sep 12, 2012 8:03am
Quoting Rosa
Hello,

I see it a little bit different , I have LCS and today at h1 engulf i took long, sl below low of engulf, waiting for h4 close. best, Rosa.
You talk about different pair. Hes talking about GBP/CHF.
But I do not see why you bought CAD/CHF either.
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If not up, then down, otherwise sideways :-)
  • #118,238
  • Sep 12, 2012 8:32am Sep 12, 2012 8:32am
Quoting tinkerbelle
hi all,
did some fun yeasterday and wanna share results... first is august how i end, on second i marked trades which are out of plan, moved sl, moved tp, took tip, or something like it... and third is how it could and should look like... so i think need do some work on myself
Hey T

This is a great thing to do. Not because we will never make mistakes. God knows we all do. But it just keeps reminding us about the small things, being picky, discipline, patient etc. A few losses in a row can also be a good smack on the rear too

Best
Mike
  • #118,239
  • Sep 12, 2012 8:33am Sep 12, 2012 8:33am
Hello,

Ok, you are right, I have to much work today >

Quoting Magestic
You talk about different pair. Hes talking about GBP/CHF.
But I do not see why you bought CAD/CHF either.
  • #118,240
  • Sep 12, 2012 8:34am Sep 12, 2012 8:34am
Quoting bullzeye
GBP/CHF

beautiful PPZ area, clean and clear PA, i love this one (even if i get a loss on it )...

Attachment

This one intrigued me a lot. Can't say I wasn't tempted or haven't kept my eye on it. See if price can get to your BRN area, but it's a tricky spot located b/e a rock and a hard place. Big beob though


Keep us posted
Mike
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