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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

  • #132,181
  • Sep 10, 2014 1:41am Sep 10, 2014 1:41am
Quoting dvimix
{quote} Thanks Mike, your opinion is important. Really sell on break in this case is uncomfortable, big stop and less space to FTA, but also price can go bottom without retrace, so be it. another interesting view {image}
I also noted that one, but that bothers me is that it closed bullish. If it closes bearish I would took it. (in fact, is that right to spell "took it" or "take it" in that case?)
If not up, then down, otherwise sideways :-)
  • #132,182
  • Sep 10, 2014 8:37am Sep 10, 2014 8:37am
Quoting mbqb11
{quote} I actually didn't M, there was a 4hr buob but it was VERY small, and those make me uncomfortable. It certainly go to the FTA and now we're hanging back around. It's still an area worth watching at this point. Aud/jpy suggest some lower action but i'm going to just wait for some stronger PA either way Hope you caught that move though M Mike {image}
got nicked the first time but this pair provided two more fantastic opportunities

One was a buy on the breakout of the multi bar high on daily. I took this too the FTA. Didn't get to show this one to the group but it was a nice one.
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The other which I was looking for above was when price closes back under the box after a "false" break. I took a trade on the close as we got back under this box area looking for the resistance to hold again. We're coming up on that support area again let's see what happens
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  • #132,183
  • Sep 10, 2014 11:43am Sep 10, 2014 11:43am
Quoting mbqb11
{quote} got nicked the first time but this pair provided two more fantastic opportunities One was a buy on the breakout of the multi bar high on daily. I took this too the FTA. Didn't get to show this one to the group but it was a nice one. {image} The other which I was looking for above was when price closes back under the box after a "false" break. I took a trade on the close as we got back under this box area looking for the resistance to hold again. We're coming up on that support area again let's see what happens {image}
I`m in too...
Have a nice day
  • #132,184
  • Sep 10, 2014 11:55am Sep 10, 2014 11:55am
Hi guys,
what about EURCAD Daily?? I`m in, just reduced risk to below support area....
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Have a nice day
  • #132,185
  • Sep 10, 2014 12:01pm Sep 10, 2014 12:01pm
Quoting doerpn
{quote} I`m in too...
awersome D it was a nice one

I've locked in about 2% but going to see if we can get a push here again
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  • #132,186
  • Sep 10, 2014 12:23pm Sep 10, 2014 12:23pm
Quoting mbqb11
{quote} got nicked the first time but this pair provided two more fantastic opportunities One was a buy on the breakout of the multi bar high on daily. I took this too the FTA. Didn't get to show this one to the group but it was a nice one. {image} The other which I was looking for above was when price closes back under the box after a "false" break. I took a trade on the close as we got back under this box area looking for the resistance to hold again. We're coming up on that support area again let's see what happens {image}
Hey Mike,
Would you please give a link in which Multi Bar High Breakout is explained? or explain it a little?
  • #132,187
  • Sep 10, 2014 12:55pm Sep 10, 2014 12:55pm
Quoting mbqb11
{quote} awersome D it was a nice one I've locked in about 2% but going to see if we can get a push here again {image}
Thanks for your hint!
Have a nice day
  • #132,188
  • Sep 10, 2014 1:54pm Sep 10, 2014 1:54pm
Quoting doerpn
Hi guys, what about EURCAD Daily?? I`m in, just reduced risk to below support area.... {image}
Hi,
I like limit orders in this situation, but the price can avoid my whishes..
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  • #132,189
  • Sep 10, 2014 1:58pm Sep 10, 2014 1:58pm
Quoting mbqb11
{quote} awersome D it was a nice one I've locked in about 2% but going to see if we can get a push here again {image}
I like this situation, when you are free (without looking for another best trade) and waiting for more money with locked profit Congrats!!
  • #132,190
  • Sep 10, 2014 2:15pm Sep 10, 2014 2:15pm
Quoting Kouroushi
{quote} Hey Mike, Would you please give a link in which Multi Bar High Breakout is explained? or explain it a little?
Perhaps it is a new Mike's pattern, but I can see there at first very big short candle - 50% zone in it and false break outs.
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  • #132,191
  • Sep 10, 2014 3:16pm Sep 10, 2014 3:16pm
Quoting mbqb11
{quote} awersome D it was a nice one I've locked in about 2% but going to see if we can get a push here again {image}
closed out, this was a nice 5% gain
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  • #132,192
  • Sep 10, 2014 3:41pm Sep 10, 2014 3:41pm
Quoting Kouroushi
{quote} Hey Mike, Would you please give a link in which Multi Bar High Breakout is explained? or explain it a little?
Hey K

This is basically what James describes at the beginning of the thread as a TBH(two bar high) that is when a TBH/TBL breaks it signifies a continuation. But i like multi bar highs/lows instead. In this case we have 4 bar highs that lined up dead on and a near DBLHC just looking to blast out. I placed a buy stop right above this area to catch the "burst" out. Since right above this area a bunch of orderflow tends to pile up and you get that "burst" as price takes those orders out.


Best
Mike
  • #132,193
  • Edited 11:55pm Sep 10, 2014 11:26pm | Edited 11:55pm
be careful everyone ; james16 is a scam; he never post any his history trading although there are many website help him doing it for free and anonymously

and these guys who in here all day to answer your question are his employees... they are paid to lure you to his website to pay for his dumb course that never work ...

They disguise as a " good guy" or " testimonial guy" , indeed are hired by his boss - james16 to do one solely task , attract as many people subscribe his service as possible. I dont blame them they are entrepreneur, they need profit but... i denounce them for organizing a lie and scam organization to steal money from naive people especially the newbie

For many many years , many one come forward and demand james16 release his trading history to the community as a testimony that he is at least as a trader ( dont mention profitable yet) and he failed to prove it
  • #132,194
  • Sep 11, 2014 1:06am Sep 11, 2014 1:06am
Quoting Trader000
be careful everyone ; james16 is a scam; he never post any his history trading although there are many website help him doing it for free and anonymously and these guys who in here all day to answer your question are his employees... they are paid to lure you to his website to pay for his dumb course that never work ... They disguise as a " good guy" or " testimonial guy" , indeed are hired by his boss - james16 to do one solely task , attract as many people subscribe his service as possible. I dont blame them they are entrepreneur, they need profit...
Hey Trader

As always and many times we have answered before. We are an education for traders. The only people who get money from our site are myself and James and our web guy and the costs for the site. More have been compensated when the site was making WAY more than it is making now because we wanted to help others out. Their is nothing wrong with people being compensated for their time, energy and knowledge. In fact for many years now I myself could have made WAY more with my education and skills and have personally chosen not too. I will not go into that because that's my business.

As for trades, anyone in the group can tell you I post my live trades ALL the time. So in terms of if you then get anything from what we do. That's up to those to decide. This thread here offers FREE information where we ask people for nothing. Not many places can say that. But I don't know many people who post their trades either and I choose to do that. I don't have to do that and it still doesn't matter. We offer an education, not financial advice or management. I enjoy the teaching aspect and showing what I do

As I always say when these happen , you're welcome to hate or love us. But this thread is for trading and you are free to attack and make stuff up about us elsewhere. That's just life. But I do have the ability to ban people who take this thread off course. We've only had to do that maybe 3 times. Asking questions are fine and if you want help or have questions about charts/trades, would like me to go over things with you I would be glad to do so. Even with the above statement. I'm a karma guy.

Take care
Mike
  • #132,195
  • Sep 11, 2014 1:20am Sep 11, 2014 1:20am
Quoting mbqb11
{quote} Hey Trader As always and many times we have answered before. We are an education for traders. The only people who get money from our site are myself and James and our web guy and the costs for the site. More have been compensated when the site was making WAY more than it is making now because we wanted to help others out. Their is nothing wrong with people being compensated for their time, energy and knowledge. In fact for many years now I myself could have made WAY more with my education and skills and have personally chosen not too. I...
And to further Mike's sentiments above, I had better give back the money I made in the last 2 days using largely J16 techniques and perspectives on trading...for which they charged me nothing. Many other traders will chime in for sure!!
  • #132,196
  • Sep 11, 2014 2:36am Sep 11, 2014 2:36am
Quoting dvimix
how about audjpy? good swing high {image}
Hello fri! Im in, limit order has worked. But Im little nervous
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  • #132,197
  • Sep 11, 2014 2:39am Sep 11, 2014 2:39am
Quoting dvimix
{quote} Thanks Mike, your opinion is important. Really sell on break in this case is uncomfortable, big stop and less space to FTA, but also price can go bottom without retrace, so be it. another interesting view {image}
I didnt take it, but it had reached FTA

Attached Image
  • #132,198
  • Sep 11, 2014 2:43am Sep 11, 2014 2:43am
Quoting Magestic
{quote} I also noted that one, but that bothers me is that it closed bullish. If it closes bearish I would took it. (in fact, is that right to spell "took it" or "take it" in that case?)
THE SUBJUNCTIVE MOOD is also problem for me. Need to read about it a little :nerd:
  • #132,199
  • Sep 11, 2014 4:20am Sep 11, 2014 4:20am
Quoting dvimix
{quote} Hello fri! Im in, limit order has worked. But Im little nervous {image}
reduce my risks. Think may be do BE ?
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  • #132,200
  • Sep 11, 2014 5:06am Sep 11, 2014 5:06am
Hello,

I've been learning forex trading for 3 years now and recently I opened a live account after succesfully doing practise trading for few months. So far I've had nice steady growth of my account and I can't thank Mike and many others in this thread enough for good advice and education. I opened a live account early this year and had over 25% gain with some 50 trades I've made using methods taught in this thread and another trend trading strategy.

So far I've only followed and read the thread and other materials and I bet there's lots of others like me. Now I'm planning to start posting some trade setups to get feedback and comments from senior users to help trading of mine and others.

Thanks for this very educational thread and for your comments and insight in advance!

- Antti
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