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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

  • #129,601
  • Jan 21, 2014 5:06pm Jan 21, 2014 5:06pm
Quoting aioico
{quote} Mav , the second arrow shows the retest of the trendline and it's a more conservative entrance, there are people who wait for this confirmation and do not enter if there's no retest! You know i'm not so experienced but this is what i think. cheers.
Quoting mbqb11
{quote} Hey Mav Yes the 4hr is a valid bar confirmation but not a strong enough one for me to take. The difference being the concept and trade is correct but different styles will depend if you are going to pull the trigger on that...
Hi Mike and aioico,
thank you both for your answers, much appreciated

Mav
  • #129,602
  • Jan 21, 2014 5:15pm Jan 21, 2014 5:15pm
Quoting michal9
{quote} Thanks... a quick one... when you say: "adapt trade management to the traffic its heading into" do you mean deciding where to take profits, e.g. at the trouble area, e.g. for a full position vs. scaling out, etc? Or you meant something else by "trade management"? Or other question... where can I learn more about "traffic"?
ok, long story short: bar highs and lows represent obstacles along the way of the price, so basically, the less there are the smoother price should move. when trading a bar in traffic, you have to reassess, at each bar high / low the price finds on its way, whether price get through or reverse against you..Depending on how price behave as well as the general picture (confluence? break out? trend? ...) , you may take full or partial profit, reduce your exposure, etc...

hope I made myself clear...

take care
Slow & steady
  • #129,603
  • Jan 22, 2014 12:10am Jan 22, 2014 12:10am
Quoting aserbfx
german byw6 with a possible breakout. forming higher low. will wait for a rise and close above 40 euro. weekly volume very bullish. {image}
update:
breakout very likely for today.
meine augen sind die sterne
  • #129,604
  • Jan 22, 2014 1:31am Jan 22, 2014 1:31am
Quoting mbqb11
{quote} Hey T This chart is pretty choppy so I haven't had much interest in the euro We can actually see divergence and a squeeze into the BRN here. This is a crucial area I believe So be careful here. I would watch for PA around this area to go long before shorts until the overall structure of this pattern is gone Best Mike {image}
I agree with you but weekly engulf makes me doubt.
  • #129,605
  • Jan 22, 2014 8:19am Jan 22, 2014 8:19am
for the swing traders in here/out there.... looking for pinbars or BUEOB on the weekly/daily at demand level to buy this baby.


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I'd like to get some hedas-ups from you guys on this one

Best,
Jonas
Hero calls followed by margin calls...
  • #129,606
  • Jan 22, 2014 10:06am Jan 22, 2014 10:06am
DY Trade.

Let's see how this one works out... (Reduced my exposure today)
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  • #129,607
  • Jan 22, 2014 1:35pm Jan 22, 2014 1:35pm
Three matching lows in a strong downtrend.
1R banked, SL at BE.
So far so good
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Slow & steady
  • #129,608
  • Jan 23, 2014 2:58am Jan 23, 2014 2:58am
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  • #129,609
  • Jan 23, 2014 5:06am Jan 23, 2014 5:06am
Stellar trade on USDCHF.
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If you can't tell what the herd is doing...you probably are the herd.
  • #129,610
  • Jan 23, 2014 8:10am Jan 23, 2014 8:10am
Quoting mbqb11
{quote} Hey T This chart is pretty choppy so I haven't had much interest in the euro We can actually see divergence and a squeeze into the BRN here. This is a crucial area I believe So be careful here. I would watch for PA around this area to go long before shorts until the overall structure of this pattern is gone Best Mike {image}
price continued to squeeze down and we got great PA to trigger

Reduced 80% of my risk pretty quick near that FTA
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  • #129,611
  • Jan 24, 2014 10:38am Jan 24, 2014 10:38am
Hi all,

This is my first post. I've spent the past month reading the first 300 pages in detail, after finding this thread from reading the trader_dante pinbar thread over on trade2win.

First off, as a newcomer to forex and trading ( since about Nov last year ), the things I have learnt from this forum are amazing. I am currently running my first demo account and am 219 pips up this month( just closed a nice 127 pip long on cable long this morning ). This is all from strictly following the rules I have learnt in the first 300 pages of this forum.

Amazing to see mbqb11 still on this thread 7 years later! Anyone else still around - razldazl? the_wizard? SeekingLight? and of course james16?Strange, but feel I know everyone after filling my past month with this thread, reading during any spare moment I have!

Anyway - I have a general question. Is it worth reading the whole thread - I mean from where I'm up to, 300, right up to here? Worked out it will take me a few years to do so Or do I have most of the beef already, and it would be more worth my while to join proceedings now in the present day?

thanks all,
Steve
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #129,612
  • Jan 24, 2014 11:50am Jan 24, 2014 11:50am
Quoting Beserker
Hi all, This is my first post. I've spent the past month reading the first 300 pages in detail, after finding this thread from reading the trader_dante pinbar thread over on trade2win. First off, as a newcomer to forex and trading ( since about Nov last year ), the things I have learnt from this forum are amazing. I am currently running my first demo account and am 219 pips up this month( just closed a nice 127 pip long on cable long this morning ). This is all from strictly following the rules I have learnt in the first 300 pages of this forum....
Hey mate,

With risk to be 'boo'-ed by the seniors, I will recommend not to read the whole thread. yes there are many many many useful posts, but there's also lot's of clutter. Instead, here's what I would do:

1. Find the users that seem to be most credible. This is biased view, but you can start with mbqb11, ghous, jarrooo... james16 of course, and go to their profiles. If not reading all of their posts, you can at least go through the graphs they've posted. Quite useful.
2. Up in the header of the thread you can see all the files that have been uploaded. Go there and sort them by downloads. You will find many useful summaries and what else.
3. Also you can go through the guest material of the group here - http://james16group.us/Guests/guestmaterial.html

Cheers!
Twitter @raitchev
  • #129,613
  • Jan 24, 2014 2:02pm Jan 24, 2014 2:02pm
Quoting raitchev
{quote} Hey mate, With risk to be 'boo'-ed by the seniors, I will recommend not to read the whole thread. yes there are many many many useful posts, but there's also lot's of clutter. Instead, here's what I would do: ... Cheers!
Thanks Raitchev - good suggestion. I was thinking along those lines - but am worried I would get things out of context, and also miss some of the stuff by credible posters that hadn't appeared by the 300 page ( 20 posts/page = 6000 posts ). For example, I haven't come across ghous or jarrooo yet - thanks for the names.

So if you or anyone else has some more names of good posters in this thread I should hunt out, it would be much appreciated.

And then of course, if the thread big balls come in and insist I should read the WHOLE thread to get the full benefit, then I will do that. I'm not looking for short cuts, just the most effectual use of my time.

Thanks again Raitchev
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #129,614
  • Jan 24, 2014 2:53pm Jan 24, 2014 2:53pm
Quoting Beserker
{quote} So if you or anyone else has some more names of good posters in this thread I should hunt out, it would be much appreciated.
i'd add benji533 and joelcf to the list and I'd also second an advice to look at http://james16group.us/Guests/guestmaterial.html especially Rants and Charts A Closer Look at What We Do (7-2-09)

Good luck!
  • #129,615
  • Jan 24, 2014 3:58pm Jan 24, 2014 3:58pm
Quoting michal7
{quote} i'd add benji533 and joelcf to the list and I'd also second an advice to look at http://james16group.us/Guests/guestmaterial.html especially Rants and Charts A Closer Look at What We Do (7-2-09) Good luck!
Plus Bundyraider plus Ryan MCD plus TIaforex plus Mike W plus Raczecfx obviously, plus StoragePro, plus the ones I can't think about right now please apologize

what I personally do is skimming through few posts / pages a day, skipping most of the blahblah a public thread inevitably has.
I've found a few gems doing so.

Then I came to the conclusion that reading is ok, but practicing is better I'm not close to the end either...

enjoy the reading!
Slow & steady
  • #129,616
  • Jan 25, 2014 3:28am Jan 25, 2014 3:28am
Patapouer and Michal7, thank you very much for your suggestions and further names of posters to look out for. I'll get started And great to see the current posters on this thread are as helpful and friendly as they were back in 2007!

Looking forward to checking out the guest section of the PF, I didn't know that existed.

So, people to look out for:

james16
mbqb11,
seekinglight,
the_wizard,
ghous,
jarrooo,
benji533,
joelcf,
Bundyraider,
RyanMCD,
TIaforex,
MikeW,
Raczecfx,
StoragePro

Should keep me busy...

And I agree with you patapouer re. practice over theory. What concerned me was that maybe over the past few years since this thread has started, that the practices outlined in the early posts are now redundant or suboptimal. I'm assuming this isn't the case, as we are simply dealing with price, and not a system?

Cheers y'all
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #129,617
  • Jan 25, 2014 8:48am Jan 25, 2014 8:48am
There is a BEOB developing on monthly USD/JPY. I'm keeping it on my radar as bar is about to close, could possibly develop into a tradable setup. Any comments guys:
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  • #129,618
  • Jan 25, 2014 9:12am Jan 25, 2014 9:12am
Hi All,

I've been following and learning from this thread off and on since Fall 2012. I've decided that I'm going to keep consistent with my learning from here on out and regularly ask questions on this thread. I look forward to this journey with some old-timers and newbies.
  • #129,619
  • Jan 25, 2014 11:51am Jan 25, 2014 11:51am
here is an idea. why don't james16 and mike publish the number of people that have "learned" the method and are succeding with it and the number of people that were not meant for it?
  • #129,620
  • Jan 25, 2014 11:56am Jan 25, 2014 11:56am
Quoting deltatrade
here is an idea. why don't james16 and mike publish the number of people that have "learned" the method and are succeding with it and the number of people that were not meant for it?
I think number of traders here says for itself. I personally don't need any proof of profitability. Try it and you will see whether it works for you. And does it matter if they are profitable or not if it helps you?
Lose small, win BIG
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