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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

  • #124,241
  • Mar 29, 2013 12:34am Mar 29, 2013 12:34am
Hi Ralf,

Try Thinkorswim DEmo account: https://www.thinkorswim.com/tos/disp...age=paperMoney

You will have thousands of nonforex products to trade.

But be careful with trading stocks, commodities, ETF-s etc, there are differences from trading Forex, I suggest you to learn generally about them before you start to work with them even on DEmo account.

Good Luck

Microtrader
Quoting ralf86
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...
  • #124,242
  • Mar 29, 2013 12:50am Mar 29, 2013 12:50am
Or if you are not allowed to trade from Spain with Thinkorswim, try Admiral Markets CFD Demo account or Trademonster Demo accout

https://www.trademonster.com/blog/tag/demo-account/
http://www.admiralmarkets.com/forex/...-demo-account/


Quoting Microtrader_
Hi Ralf,

Try Thinkorswim DEmo account: https://www.thinkorswim.com/tos/disp...age=paperMoney

You will have thousands of nonforex products to trade.

But be careful with trading stocks, commodities, ETF-s etc, there are differences from trading Forex, I suggest you to learn generally about them before you start to work with them even on DEmo account.

Good Luck

Microtrader
  • #124,243
  • Mar 29, 2013 1:30am Mar 29, 2013 1:30am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting ralf86
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...
Hi,
Ralf

Here are some other sites which Microtrader hasn't mentioned. FxPro allow you to trade gold, silver, and a few other commodities and indicies you can watch on there. Trademonster is also good, it allows you to papertrade stocks, i'm not so sure about commodities.

The sites provided below will let you view charts of stocks and commodities, sometimes you've just got to get out a pen and paper and right down your entry, stop and target, your risk, and just watch the trade writing down what you would have done, when you would have moved your stop...for example you write down you would have moved your stop to breakeven at a certain price, did you get stopped out at b/e or did the price carry on to reach your target?

This is what I do, as I hold an account with TradeStation but I can only view stock and commodity charts, but can not demo them like you would with currencies. Check out the sites Microtrader stated, but sometimes you just got to take initiative as you can find charts for all kinds of financial products just by searching on google, it may not be live feeds, but hey what does it matter when you're starting out trading monthly/weekly/daily charts right?

Hope this helps.

Kind regards
Sanil

http://www.freestockcharts.com/
http://www.commoditycharts.com/commodities/
  • #124,244
  • Mar 29, 2013 2:12am Mar 29, 2013 2:12am
Quoting Microtrader_
Hi guys,

Do you agree with this EURNZD setup?
Hi there,

The PPZ looks good to me, there is a nice confluence of Fib levels on 4H as well around this zone. Should we not wait for PA to confirm rather than placing limit order straight away? - just asking.

BTW IS anybody in EUR/GBP pair short (looks like it stall at the moment)?.
  • #124,245
  • Mar 29, 2013 2:32am Mar 29, 2013 2:32am
Quoting ziven78
Hi there,

The PPZ looks good to me, there is a nice confluence of Fib levels on 4H as well around this zone. Should we not wait for PA to confirm rather than placing limit order straight away? - just asking.

BTW IS anybody in EUR/GBP pair short (looks like it stall at the moment)?.
its moving sir.
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  • #124,246
  • Edited 3:45am Mar 29, 2013 2:45am | Edited 3:45am
Hey Mike here you go, J16 PA being taught at H.I.T this morning.

They really picked it up fast, and had plenty of questions about the PA, where to find them and why they work.

This is where after I had taught them the PA and where to look for them, I showed them a plain chart and made them find the PA and identify the FTA and the S&R. They found 10 out of 12 good ones.
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  • #124,247
  • Mar 29, 2013 2:51am Mar 29, 2013 2:51am
Quoting Pinbar
Hey Mike here you go, J16 PA being taught at H.I.T this morning.

They really picked it up fast, and had plenty of questions about the PA, where to find them and why they work.

envy them
  • #124,248
  • Edited 3:30am Mar 29, 2013 2:57am | Edited 3:30am
Quoting laoshi
envy them

Yeah, I wish I had seen J16 & Mikes videos in University.

None of them are asleep. LOL

They actually took to it very well and surprised me with their questions.
J16 and Mikes videos went down really well, and they could really understand the value of this.
Some of them said, their fathers had lost a lot of money trading as, they are emotional traders and do not have clear signals like these.
They will probably go home and teach their fathers a thing or two.
  • #124,249
  • Mar 29, 2013 3:07am Mar 29, 2013 3:07am
Quoting laoshi
its moving sir.
let see what happens on London open.
  • #124,250
  • Mar 29, 2013 3:41am Mar 29, 2013 3:41am
Thanks for all the info you gave me. And yes, i also envy them having j16-PA lessons in university ^^...
  • #124,251
  • Mar 29, 2013 3:44am Mar 29, 2013 3:44am
Mmm, Jaroo has got me wondering about these daily levels.

Could even this be a valid daily level?

Let's see what it does.
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  • #124,252
  • Mar 29, 2013 4:05am Mar 29, 2013 4:05am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting Pinbar
Hey Mike here you go, J16 PA being taught at H.I.T this morning.

They really picked it up fast, and had plenty of questions about the PA, where to find them and why they work.

This is where after I had taught them the PA and where to look for them, I showed them a plain chart and made them find the PA and identify the FTA and the S&R. They found 10 out of 12 good ones.
WOW! That's incredible. That's all I can say, and do this ---> LOL

Kind regards
Sanil
  • #124,253
  • Mar 29, 2013 4:21am Mar 29, 2013 4:21am
Quoting Pinbar
Yeah, I wish I had seen J16 & Mikes videos in University.

None of them are asleep. LOL

They actually took to it very well and surprised me with their questions.
J16 and Mikes videos went down really well, and they could really understand the value of this.
Some of them said, their fathers had lost a lot of money trading as, they are emotional traders and do not have clear signals like these.
They will probably go home and teach their fathers a thing or two.
Dang! Awesome pic buddy!!

So what is this course / class called at this uni? And how long do this fortunate bunch have to spot pin bars on a projector in a class room setting?

I remember how I once made a power point presentation at my uni on Mike's idea and was really nervous till I saw the positive response fron the audience. My word were they fascinated or what lol. And this is coming from a society where we arent really into learning smart ways to invest money.

Amazing feeling when they respond better than you expect. I can vouch on that Steve.

g.
I believe . . .
  • #124,254
  • Mar 29, 2013 4:57am Mar 29, 2013 4:57am
Quoting ziven78
Hi there,


The PPZ looks good to me, there is a nice confluence of Fib levels on 4H as well around this zone. Should we not wait for PA to confirm rather than placing limit order straight away? - just asking.

BTW IS anybody in EUR/GBP pair short (looks like it stall at the moment)?.
Yes you are right, this is not a beginner stuff, waiting for price action signal in that zone would be safer, but I have been learning this type of trading from a public guide of James16 for quite a long time without any serious success so I would like to learn trading this way also.

I hope one day I will be good at it.
  • #124,255
  • Mar 29, 2013 5:41am Mar 29, 2013 5:41am
Quoting stockEX
Hope you don't mind me asking, but are you working there or did they call you in?

What are those guys studying?

I work there.
They are all Physics majors but, I am teaching them English.
  • #124,256
  • Mar 29, 2013 5:46am Mar 29, 2013 5:46am
Quoting ghous
Dang! Awesome pic buddy!!

So what is this course / class called at this uni? And how long do this fortunate bunch have to spot pin bars on a projector in a class room setting?

I remember how I once made a power point presentation at my uni on Mike's idea and was really nervous till I saw the positive response fron the audience. My word were they fascinated or what lol. And this is coming from a society where we arent really into learning smart ways to invest money.

Amazing feeling when they respond better than you expect. I can vouch on that...

Totally agree Ghous
Well, I had to go through almost everything, candlesticks, bar charts & explain the open close highs & lows of them, basic S&R, consolidation areas, PA bars, fibo confluence, RNs.

They did this last week and this week for 2 hours,this week for two hours, now there homework is to open a demo account and try to make 3 PA trades over a month, and submit their results both good and bad.

Just basic J16 stuff.

What fun it was.
  • #124,257
  • Mar 29, 2013 6:26am Mar 29, 2013 6:26am
Quoting Pinbar
I work there.
They are all Physics majors but, I am teaching them English.
Physics majors, taking English, learning PA J16 style...Freaking Awesome!!! When I was at college I thought a Pinbar was a writing utensil used to sign my bar tab.....
  • #124,258
  • Mar 29, 2013 6:27am Mar 29, 2013 6:27am
We have an BEOB bar here, the next bar retraced to bar low of the bar beofre the BEOB. (Support turned to resistance). I am wondering were would be a good entry, at the retaced level? (We missed that level but its heading up there again) Or would it be at the break of the BEOB. I have a feeling the later would be a more conservative move. THanks
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  • #124,259
  • Mar 29, 2013 8:01am Mar 29, 2013 8:01am
Quoting jaypatel33
We have an BEOB bar here, the next bar retraced to bar low of the bar beofre the BEOB. (Support turned to resistance). I am wondering were would be a good entry, at the retaced level? (We missed that level but its heading up there again) Or would it be at the break of the BEOB. I have a feeling the later would be a more conservative move. THanks
This is a continuation BEOB, which is trickier than most. With any bar playing the break is always the much more conservative move and validates the PA bar. I am actually in this trade and I entered a market order pretty much at the close of the bar with my stop above bar high. Most of my risk is off the table as my stop is moved to not quite BE. I am away from trading computer, but I will post my charts with some explanation tonight (NY time) if you would like.
  • #124,260
  • Mar 29, 2013 8:31am Mar 29, 2013 8:31am
Quoting Donkey
This is a continuation BEOB, which is trickier than most. With any bar playing the break is always the much more conservative move and validates the PA bar. I am actually in this trade and I entered a market order pretty much at the close of the bar with my stop above bar high. Most of my risk is off the table as my stop is moved to not quite BE. I am away from trading computer, but I will post my charts with some explanation tonight (NY time) if you would like.
Thanks would be great thanks, also why is a continuation BEOB tirkcier/different, is it to do with there being a greater likelihoods of a pullback. Thanks.
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