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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

  • #124,221
  • Mar 28, 2013 12:08pm Mar 28, 2013 12:08pm
Congratulations on all your posts Mike! I am very grateful. Where can I access ALL your webinars? Thanks.
  • #124,222
  • Mar 28, 2013 12:10pm Mar 28, 2013 12:10pm
Congratulations Mike

Just wanted to say thank you for all of your help and to wish you luck (not that you need it) in your trading.

Thanks for the webinar too.
  • #124,223
  • Edited 1:25pm Mar 28, 2013 12:13pm | Edited 1:25pm
Quoting MUNkeyRO
Congratulations on all your posts Mike! I am very grateful. Where can I access ALL your webinars? Thanks.
If you want to access ALL of his webinars you'll have to join the private forum, but he does have webinars on the free section of the James16 website. Personally though I'm just going through all of his charts at the moment and I'm finding that there is a lot of information to be learnt without having to pay any money.
  • #124,224
  • Mar 28, 2013 2:07pm Mar 28, 2013 2:07pm
Hi guys,

Do you agree with this EURNZD setup?
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  • #124,225
  • Mar 28, 2013 2:29pm Mar 28, 2013 2:29pm
Quoting mbqb11
well 20 million views I gotta put up SOMETHING lol

Here is my webinar from this week and you know what it is perfect timing

I speak the first 30 mins of my webinar on something that I see nearly everyday in my inbox. It's the scary part about being in this position now where you share with traders and people looking to learn to trade seeking help.

Nearly every day and pretty much every week I get emails about new traders blowing accounts. This is scary and should NOT be happening. Now i am not knocking on those of you that have, again...
Congrats Mike!
No words can express how thankful I am for your unselfish help you provided during the last few months.
Thank you and keep up
I still hope that one day i might be able to return the favor

Best,
Stephen
It's all psychology...
  • #124,226
  • Mar 28, 2013 2:46pm Mar 28, 2013 2:46pm
this thread almost 10 years in the making ! a generation ....


does anyone know what happened to merlin ? is he still an active trader ?
  • #124,227
  • Mar 28, 2013 4:33pm Mar 28, 2013 4:33pm
Just watching Mike's video.
It is a great thing Mike is doing there for people with that video.
We have all at some stage, moved the SL, I personally blew demo account after demo account, doing that for the first 3 months.

Funny thing is, I don't see an SL on Mike's trade in that video.
  • #124,228
  • Mar 28, 2013 4:36pm Mar 28, 2013 4:36pm
Quoting Pinbar
Just watching Mike's video.
It is a great thing Mike is doing there for people with that video.
We have all at some stage, moved the SL, I personally blew demo account after demo account, doing that for the first 3 months.

Funny thing is, I don't see an SL on Mike's trade in that video.
It's at b/e at that point , that's why it's over the entry

I NEVER trade without a SL that would be SCARY

Thanks all for the nice words, all credit to the big guy Mr. James16 setting the path for so many
  • #124,229
  • Mar 28, 2013 4:41pm Mar 28, 2013 4:41pm
Quoting mbqb11
It's at b/e at that point , that's why it's over the entry

I NEVER trade without a SL that would be SCARY

Thanks all for the nice words, all credit to the big guy Mr. James16 setting the path for so many

Yeah, I was just thinking that is where it was.

My display is too dark to see it, is what I was thinking.
  • #124,230
  • Mar 28, 2013 5:02pm Mar 28, 2013 5:02pm
How about AUDCAD? I was thinking about a Jarroo style trade from a daily "signature" out of a weekly level.Does this make sense?
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  • #124,231
  • Mar 28, 2013 5:18pm Mar 28, 2013 5:18pm
Quoting dervel
How about AUDCAD? I was thinking about a Jarroo style trade from a daily "signature" out of a weekly level.Does this make sense?
I would personally stay away from a trade using Jarroo's style there, without significant PA. I don't see any confluence with the HCR. The level looks old and used up, in that there have been multiple tests of that weekly HCR on daily.

I think the tradeable setup on the daily happened a couple weeks ago at the I4B on the first close above the weekly level (and that would have been an advanced entry method that I would not personally trade).
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  • #124,232
  • Edited 5:43pm Mar 28, 2013 5:28pm | Edited 5:43pm
The level is 1.0581 on my feed. It closed under, so I presume it will continue short.

Quoting dervel
How about AUDCAD? I was thinking about a Jarroo style trade from a daily "signature" out of a weekly level.Does this make sense?
  • #124,233
  • Mar 28, 2013 5:28pm Mar 28, 2013 5:28pm
Quoting Donkey
I would personally stay away from a trade using Jarroo's style there, without significant PA. I don't see any confluence with the HCR. The level looks old and used up, in that there have been multiple tests of that weekly HCR on daily.

I think the tradeable setup on the daily happened a couple weeks ago at the I4B on the first close above the weekly level (and that would have been an advanced entry method that I would not personally trade).
I'll be watching for daily PA(bearish or bullish) on this pair at the 1.0700 level - if this week's close allows the HCR2 I've prematurely marked to hold up.

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  • #124,234
  • Mar 28, 2013 5:52pm Mar 28, 2013 5:52pm
Quoting Pinbar
Yeah, they were in awe at how simple J16 makes it look.
It can't be that easy, they said.
Well, we all know it is and it isn't but, there was not enough time to go into MM and psychology.

Here is the place you guys reached.
This is just part of the campus.
Hope you don't mind me asking, but are you working there or did they call you in?

What are those guys studying?
  • #124,235
  • Mar 28, 2013 6:56pm Mar 28, 2013 6:56pm
Quoting mbqb11
some current charts I am watching
to follow up on these charts from yesterday we got a nice buob at a swing low off the base of the rising channel and breaking out of the wedge formation. I took this to the FTA and took full profit since we are trading into a large range
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  • #124,236
  • Mar 28, 2013 7:21pm Mar 28, 2013 7:21pm
Hi all,

I'm relatively new to forex so please bare with me as I'd like to put up some basic charts to see if I'm doing/seeing the right thing. I'm looking at divergences and was wondering if I'm on the right track with the attached chart?

Cheers
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  • #124,237
  • Mar 28, 2013 7:26pm Mar 28, 2013 7:26pm
Quoting FXorBust
Hi all,

I'm relatively new to forex so please bare with me as I'd like to put up some basic charts to see if I'm doing/seeing the right thing. I'm looking at divergences and was wondering if I'm on the right track with the attached chart?

Cheers
Hey FXorbust(cracked up at your name)

Welcome!

You are correct their is divergence BUT you are looking at the wrong thing. Your line should be drawn on top of price. So if you look at my chart you can see price RISING, as MACD is falling

So your MACD line is correct your price line should be up top

Again welcome wish you the best of luck!

Mike
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  • #124,238
  • Mar 28, 2013 8:11pm Mar 28, 2013 8:11pm
Quoting mbqb11
Hey FXorbust(cracked up at your name)

Welcome!

You are correct their is divergence BUT you are looking at the wrong thing. Your line should be drawn on top of price. So if you look at my chart you can see price RISING, as MACD is falling

So your MACD line is correct your price line should be up top

Again welcome wish you the best of luck!

Mike
Thanks for that Mike. Yeah the name is pretty much true. Tried most other things but none really suited and I kept coming back to FX so I either get this right or resort to bolstering superannuation and waiting for retirement... I can't do another 30 years at my day job!

Cheers for the correction. Back to the study!
  • #124,239
  • Mar 28, 2013 8:22pm Mar 28, 2013 8:22pm
A nice retrace set up that occurred on AUDNZD. BRN, strong TL, daily pin/beob, 150 ema.
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Daily
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4HR

Decent set up on USDCAD today, could of had more confluence though. Entered long at 1.0150 off BRN and TL. Stop at BE.
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  • #124,240
  • Mar 28, 2013 9:00pm Mar 28, 2013 9:00pm
Hi, im new in this thread but`ve been reading it for a while. I really appreciate what you teach here guys, im really thankful to you.

Im actually demo-trading PA and always looking for confluence patterns with pinbars to happen, as james16 explained

However, they dont appear so often to me as im only looking a few forex charts. And heres where my question is: where can i download a platform that also has Stocks and commdities? I would like to take a look at those charts too but all the stuff i downloaded only offers Forex. I also downloaded tradestation but i dont get the platform after loging in (i think there also just that 60 days trial). Also couldnt find these charts on FXCM.

Some idea where i cant get teh charts i mentioned?

Thanks a lot. Ill start to post when i practice some more. It`ll be fun

Ralf
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