james16 Chart Thread

. Always appreciate the great advice mate. Thank you

Take care
Dan

Hi,

is the james16 private forum still alive and active? I was a member back in december 2009 and I'm thinking about joining again. How is the pf different from then? Is there any new educational material?

tnx

Hey Blaz

Happy new year

We are still very much active. We are in the midst of upgrading and redoing the entire website right now though. So you may want to wait till the update occurs in the coming months. As for material yes new material is always added and that will continue to be the case in the future

If you have more questions just shoot me a PM if you want

Best
Mike

snowed in here in NYC

here is a nice chart a bunch of us are watching. you can watch it for shorts but I much prefer to see PA if we can get above this TL. THe most important part to this TL is the accuracy.

Hey Mike

Very nice trendline for long entries there

I still need to gain some confidence trading off a trendline that is not part of a pattern.
May take this one on demo if price reacts right

Take care
Dan

Hi Mike,

I'm a newbie here and just wondering, why do you prefer to go long here instead of going short? Looks to me that the down trend is dominant.

Thanks!

Watch out Mike. You had more than your due share of snow last year if I can remember correct. How I wish it snowed here where I live too.

g.

Just Opened my charts up after a good two weeks of time off. Its Sooo good to get back to work and I refuse to let this happiness subside easily. After all, I know the bulk is right now fretting and dragging their heavy backsides on to their sick office desks for another year of the same boring shit. Its unfortunate how people will trade their time (Which is priceless as its limited) with money, when you could always have the best of both by simply putting your heart in what you love.

As kids we used to read about Aladdin and his famous lamp that produced a genie who would fulfill his hearties desires. All he needed to do was close his eyes and dig out what he most wanted at the time and Boom it was done! As a young kid I would fantasize the genie and wished I had the lamp for myself too. Growing up we're ought to taste the real world and understand that it doesn't work that way. You can't just close your eyes, meditate and look inside of you to find that one thing that you would love to do day in day out, year in year out and just have it. You have to keep your head down, your passions restricted to "leisure times" and take your due position inside of this huge economic machine because you need to feed your family with income and the govt with taxes. That's your only primary role in this world.

Its not hard to figure out, that the best at their art were bold enough to challenge that. Many of them still paid their taxes and fed their families but were also leaps and bounds ahead in other KPIs of success. They were bold enough to live the Aladdin philosophy. Well they of course didn't have a genie at their disposal but realized the genuine connection between the inner most desires and the strong possibility of their manifestation through shear belief and the resulting actions. They also just din't have what they wanted straight away. Instead they were the genie. It was their actions, they knew, that were going to get them what they wanted. Must have been one hell of a set of "actions" one would think eh?

What would ensure a person excels at something? Hard work. Perseverance. Patience and a lot of diligence. When is a person most likely to give in all that? Me thinks, it happens when you're not keeping a check on the wall clock to find out how many hours you've already put in and how many remain before you can call it a day. When the weekends seem more boring than the weekdays. When it gets tough to actually convince yourself to take a holiday because you're unsure if you need it or are living in it. The human brain can do wonders when it works in tandem with the heart because then you're on the right side of your emotional self and leveraging your strengths in a way that you literally surprise your own self.

I am at the starting node of this journey and I am already surprised what the world around me has to offer simply because I am pushing it out of my way.

It is crucial that we realize that greatness resides in all of us. Finding it, and surfacing it, is a responsibility all of us have towards our talents. Its not easy, and is sure as hell bumpy. In the midst of all the rising concerns and issues around me, because I am doing my thing, I can still vouch for a satisfied soul. And I am wiling to take what comes my way, good and bad, because if its for my love - everything hauled at me is sure as hell worth the surprise!

g.

Slightly tricky because of that persistent down trend but I like how you're using your round numbers and Mas there to keep it tight.

g.

There's a 75 pip gap that hasnt closed yet though....

Hey Ghous,

I was hoping that price would just blast off after closing above the 150 ema. The minor consolidation to the left and the fact that the entry was far away from the origin of the move was a concern. So I decided to get out at the first sign of weakness. In hindsight, I should not have entered the trade.


I closed the trade few pips above breakeven when the pinbar formed on the hourly chart.

Neytiri

The 4 hours of side ways action isn't that telling because it came of the last few hours of the week's trading activity. In situations like these, its very common for price to momentarily take off, only to pull right back to the business area for fresh orders from the new week or to fall right through proving that the holdup late in the prior week was just - a holdup.

g.

I do like that BEOB. Making a strong case with that obvious BRN target

g.

Hey Benjamin


Welcome to the thread

It's not that I have gone long yet or that shorts aren't relevant. It's that in this case here this is a major TL, when a TL like this gives it's often a very strong sign that we will now flip higher(think PPZ diagonal). In this case the key here for me and the next piece of confluence is PA. It's a bit early to do either, but I'll be watching this one next week for additional clues. The reason i don't like trading to the downside here is with PA you aren't going to have much room to work with(space vs traffic idea if you haven't seen my video on it). So I am not so much biased in terms of which way I think it will go yet. But rather just game planning for the future

Hope that helps and again welcome
Mike

Hey Endo


I am not showing any gap that big? Do you mean from back in dec 2012? That's about 7pips and irrelevant to me at this point(if that's the one you meant)

My post above should help clarify a bit more what I mean too

Best
Mike

yep we got it good here. Freezing now too. Some crazy weather

I'd mail you some if I could and take some sun and heat instead. Looking forward to my trip to florida in a few months and get out of the cold lol

Mike

Great motivational post. I felt like letting you know I appreciate the mindset you have, and that you shared it with us. Thanks ghous.