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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

  • #132,221
  • Sep 12, 2014 2:57pm Sep 12, 2014 2:57pm
Quoting mbqb11
i can't resist this one with this huge gap open, resistance top of box, nice beautiful pinbar, nice volatility Let's see if this thing can take us down {image} {image}
Hi Mile and All,
could you please explain a bit more extensively that trade ?
it is clear the Pin bar you traded but not clear to me the two areas
identified (blank rectangular) how to identify, what they are and represents
and how to use.
Thanks a lot
  • #132,222
  • Edited 11:11am Sep 13, 2014 12:06am | Edited 11:11am
Thanks Mike! Thanks FXBat!

Market is closed so happy weekend all!

I like the AUD/JPY for next week. Here is how I'm seeing things:
Attached Image (click to enlarge)
Click to Enlarge Name: AJ_daily.png Size: 50 KB
Follow me on twitter @FxLester
  • #132,223
  • Sep 13, 2014 2:23am Sep 13, 2014 2:23am
Quoting FxLester
Thanks Mike! Market is closed so happy weekend all! I like the AUD/JPY for next week. Here is how I'm seeing things: {image}
Lester
Nice plan & explanation. Thanks
  • #132,224
  • Sep 13, 2014 6:37am Sep 13, 2014 6:37am
Quoting Trader000
i ask you guys one simple and honest question. Any of you guys here see jame16 ' s trading history? why did he not post it in here? there are at least 2 website support trader posting trading history anonymously one is myfxbook second is forexfactory but why he did not take the shot to clear all his unbelievers like myself? And mike,i would rather believe a random prostitute on street said how she is still a virgin then this guy lol he is a seller guys , this is his job, james pays him to do it ... simple ask his trading history, he will try to...
Hi,

Ok, James likes his job, I really don't know him better than others. You want to see there his Statistics, but if James likes to receive money from learning people, but not from the Markets - it's his life and it's very good. I know how it is. In 2006 I was a good teacher at Forex market (only scalper) and I received very big money when I was "on the horse" - I didn't need in a personal real account for trading - I was happy with my clients and with my daily work (online - Skype, Yahoo MSNGer..etc). Yes it's good and if James works like me and he is in a horse --- VERY VERY VERY GOOD and I will be glad to him for his work, because I know what is it - it's fantastic. He knows what all traders want - practice, practice, practice. If you'll see his Statistics know - nothing'll change, because Markets changes and results too. James helps all how to feel the market through our practice.
  • #132,225
  • Sep 13, 2014 8:15am Sep 13, 2014 8:15am
Quoting Alehandro
{quote} Hi, Ok, James likes his job, I really don't know him better than others. You want to see there his Statistics, but if James likes to receive money from learning people, but not from the Markets - it's his life and it's very good. I know how it is. In 2006 I was a good teacher at Forex market (only scalper) and I received very big money when I was "on the horse" - I didn't need in a personal real account for trading - I was happy with my clients and with my daily work (online - Skype, Yahoo MSNGer..etc). Yes it's good and if James works like...
so you mean the guy who teaches other trade but is unable to trade profitably ?

Sound like a scam to me lol

these people here like a sheep , follow their shepherd without asking any question ... so sad but it is how too many con-artists can exploit , the art of scamming is really never promote directly to their victims but firstly build the trust by answering question , gradually, the victim start believing the con artist like a religious leader... the con artist only answer question in his favor and dodge any question adverse to his favor .. like the question i asked mike and James, WHERE IS YOUR HISTORY TRADING IF YOUR SUPPOSED TO BE PROFITABLE
  • #132,226
  • Edited 11:11am Sep 13, 2014 9:34am | Edited 11:11am
Don't think we'll make much progress with this guy. So lets steer the discussion back to charts

I'm also looking at the AUD/CAD. I'll look for long PA at parity next week.

Attached Image (click to enlarge)
Click to Enlarge Name: audcad_daily.jpg Size: 141 KB


To me AUD/CAD is in a consolidation range (box). As Mike teaches, the centre of the box generally is the consensus of price (i.e. another PPZ). I'm looking for long PA at parity to the centre of the box I've marked. My ideal scenarios is for some huge PA at 1.0x (parity) such as a pinbar with a long nose testing deep below 1.0x and closing above 1.0x.

Another scenario is we could break below parity and the 1.0x will then hold as resistance. We could also consolidate on this zone for a while before the market decides where it is going.

Quoting Kouroushi
{quote} Lester Nice plan & explanation. Thanks
Very welcome Kouroushi!
Follow me on twitter @FxLester
  • #132,227
  • Sep 13, 2014 12:09pm Sep 13, 2014 12:09pm
Quoting Trader000
{quote} so you mean the guy who teaches other trade but is unable to trade profitably ? Sound like a scam to me lol these people here like a sheep , follow their shepherd without asking any question ... so sad but it is how too many con-artists can exploit , the art of scamming is really never promote directly to their victims but firstly build the trust by answering question , gradually, the victim start believing the con artist like a religious leader... the con artist only answer question in his favor and dodge any question adverse to his favor...
Trader000, you will never be a successful trader with this kind of attitude.

Can you tell us here , how exactly James is a scam. He never asked me or any of the countless people here to become private members.

James or Mike's trading history doesn't matter. It doesn't matter if they are profitable or not.

Let assume for the sake of argument that James does post his trading history. Will you be able to produce the same results?

Everyone including James and Mike trade PA differently.

Why do you think that someone who teaches PA has to produce his trading history. He is teaching PA because many people asked him to. It was not his business.He asked for the monthly fee for administration and other costs for maintaining a website. For god sake its only 140 $ / mo. If you don't like it leave the forum. How is it a scam if you couldn't learn PA and then blame James for not posting his trading history. Absolutely ridiculous.


if you were a member of the private forum , you would know that James did post live trades and how he traded them. you can make out the history from there. But i guess you were to busy focusing on others trading history instead of actually putting in the effort to learn something about trading.

Fxlester offered you a free 1 month membership and you still couldn't make use of it.

All i can say is try to change you attitude and focus your energy on learning , instead of wasting your time accusing people on the internet.

As always , we are here to help if you do change your attitude.

Edit: There were many students of James, there is one called racekfx , look him up .He does post his trading history and he trades J16 Strategy.
  • #132,228
  • Sep 13, 2014 12:55pm Sep 13, 2014 12:55pm
EUR/CAD interesting weekly chart.

Bearish trend ou bullish trend? That's the question

http://s28.postimg.org/gs469757x/EURCADWeekly.png
upload images free
  • #132,229
  • Edited 2:31pm Sep 13, 2014 1:22pm | Edited 2:31pm
Quoting nc_trader
EUR/CAD interesting weekly chart. Bearish trend ou bullish trend? That's the question {image} upload images free
Depends upon timeframe IMHO.
Weekly still bearish. Monthly bullish.
Probably wrong but just my view :-)
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  • #132,230
  • Sep 13, 2014 6:36pm Sep 13, 2014 6:36pm
Quoting FxLester
Thanks Mike! Thanks FXBat! Market is closed so happy weekend all! I like the AUD/JPY for next week. Here is how I'm seeing things: {image}
?
have sense a short with TP medium Bollinger band
and SL price x 2 x ATR(14)
cheers
Xam
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  • #132,231
  • Sep 14, 2014 2:38am Sep 14, 2014 2:38am
Quoting FxLester
Don't think we'll make much progress with this guy. So lets steer the discussion back to charts I'm also looking at the AUD/CAD. I'll look for long PA at parity next week. {image} To me AUD/CAD is in a consolidation range (box). As Mike teaches, the centre of the box generally is the consensus of price (i.e. another PPZ). I'm looking for long PA at parity to the centre of the box I've marked. My ideal scenarios is for some huge PA at 1.0x (parity) such as a pinbar with a long nose testing deep below 1.0x and closing above 1.0x. Another scenario...
Hi FxLester! I always like to read your analysis, clear and understandable. I want ask you, what terminal do you use for analyses and trading? Seems, it is not mt4.
  • #132,232
  • Sep 14, 2014 4:02am Sep 14, 2014 4:02am
Quoting Xamarass
{quote} ? have sense a short with TP medium Bollinger band and SL price x 2 x ATR(14) cheers Xam {image}
Hi Xamarass,
I can't comment on the Bollinger as I do not use that indicator. If you've been using it successfully then great! A few of the AUD pairs appear to be reaching important pivot zones so I'd be looking to see whether the market wants to test them out in the next week. Cheers!
Follow me on twitter @FxLester
  • #132,233
  • Sep 14, 2014 4:07am Sep 14, 2014 4:07am
Quoting dvimix
{quote} Hi FxLester! I always like to read your analysis, clear and understandable. I want ask you, what terminal do you use for analyses and trading? Seems, it is not mt4.
Hi Dvimix! Thanks man! I mainly use MT4 but I do subscribe to a paid charting service which is different to my MT4 platform. Unfortunately, it is quite expensive (upwards of $450 to use). I have used three different charting services in the past but I don't want to detract this thread from chart talk so just PM me if you want me to point you in the direction of the ones I have had experience with.
Follow me on twitter @FxLester
  • #132,234
  • Sep 14, 2014 4:40am Sep 14, 2014 4:40am
Quoting Trader000
{quote} so you mean the guy who teaches other trade but is unable to trade profitably ? Sound like a scam to me lol these people here like a sheep , follow their shepherd without asking any question ... so sad but it is how too many con-artists can exploit , the art of scamming is really never promote directly to their victims but firstly build the trust by answering question , gradually, the victim start believing the con artist like a religious leader... the con artist only answer question in his favor and dodge any question adverse to his favor...
I mean that anybody can choose the one's:
1- work like a teacher
2- work like a trader
3- work like a both posted above
And all of this - not a scam.
I really want to be in the James16 group, help them and use their help too, but I have very little deposit (5000 USD) and I wait only the daily signals, because I have another job (I am a lawer with monthly profit = 640 USD). Shure I want to be only like a trader and live from it, but I try to change it, try to change my live. 11 years I have been tried to work profitable but I couldn't, I lost 167000 USD - yes I work only on the ticks like a scalper every day and every night, but now I know that I was wrong all of this 11 years. When I found this thread I changed. And now I feel the real help from theese posts. I bielive in James's thread, help, I really want to be with him and others. And now when others ask me about my trading history - I remember all my trading live and don't want to repeat it again.
  • #132,235
  • Sep 14, 2014 5:48am Sep 14, 2014 5:48am
Sorry to spam the thread! I received a PM about thoughts on EUR/CAD which I thought might be useful for discussion to share with the thread. Also, I don't know how to attach screenshots to PM's.

I'm currently in Paris at the moment staying right near the Eiffel tower, and there is a marathon/fun run at the moment so the wife and I have decided to have a lazy day of reading as It was like walking through a mosh pit this morning trying to get breakfast this morning! Hence why I've been able to post a bit more today.

EUR/CAD is approaching a nice area of confluence to me. There are two scenarios which I would be happy to play personally. Here is how I see things:
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eurcad2.png Size: 38 KB
Follow me on twitter @FxLester
  • #132,236
  • Sep 14, 2014 6:03am Sep 14, 2014 6:03am
Quoting Alehandro
{quote} I mean that anybody can choose the one's: 1- work like a teacher 2- work like a trader 3- work like a both posted above And all of this - not a scam. I really want to be in the James16 group, help them and use their help too, but I have very little deposit (5000 USD) and I wait only the daily signals, because I have another job (I am a lawer with monthly profit = 640 USD). Shure I want to be only like a trader and live from it, but I try to change it, try to change my live. 11 years I have been tried to work profitable but I couldn't, I...
Hi Alehandro! You are very strong man, if can continue to trade after such catastrophic loss.
  • #132,237
  • Sep 14, 2014 6:23am Sep 14, 2014 6:23am
Quoting FxLester
Sorry to spam the thread! I received a PM about thoughts on EUR/CAD which I thought might be useful for discussion to share with the thread. Also, I don't know how to attach screenshots to PM's. I'm currently in Paris at the moment staying right near the Eiffel tower, and there is a marathon/fun run at the moment so the wife and I have decided to have a lazy day of reading as It was like walking through a mosh pit this morning trying to get breakfast this morning! Hence why I've been able to post a bit more today. EUR/CAD is approaching a nice area...
Hi
EUR/AUD is almost in the same situation, though a better one in my view.
1- In weekly we have a nice engulfing bar above a major resistance area
2- In daily but, we should wait for the reaction to the downward trend line
Attached Image(s) (click to enlarge)
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  • #132,238
  • Sep 14, 2014 6:55am Sep 14, 2014 6:55am
Quoting dvimix
{quote} Hi Alehandro! You are very strong man, if can continue to trade after such catastrophic loss.
Hi dvimix,

I want to believe that something will return to me - the truth is out there
  • #132,239
  • Sep 14, 2014 8:47am Sep 14, 2014 8:47am
Quoting FxLester
Don't think we'll make much progress with this guy. So lets steer the discussion back to charts I'm also looking at the AUD/CAD. I'll look for long PA at parity next week. {image} To me AUD/CAD is in a consolidation range (box). As Mike teaches, the centre of the box generally is the consensus of price (i.e. another PPZ). I'm looking for long PA at parity to the centre of the box I've marked. My ideal scenarios...
Hehe. And im bearish here. We already have almost double bar matching lows here below 1.0. Thats a sign for me
If not up, then down, otherwise sideways :-)
  • #132,240
  • Sep 14, 2014 9:08am Sep 14, 2014 9:08am
.
Attached Image(s) (click to enlarge)
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