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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

  • #133,281
  • Dec 7, 2014 5:07pm Dec 7, 2014 5:07pm
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...
I have two trading histories. The one in which I went long on euro from 1.4000 and the other one is the account shorting euro from 1.4000. The first account is almost gone but the second one is showing a 336% profit. Which one you would like to see? should I post the one that is in profit? This is how a seasoned con-artist makes a move and not by not showing anything at all.................. don't ask me how I know this yet, let me first complete my last 67 days in this Correction Facility where they put me for defrauding a PKL Fraud Investigator of $306,000.

You may not be able to post here in this thread, but I know you just read this post.
The Thief of Wall Street
  • #133,282
  • Dec 7, 2014 10:47pm Dec 7, 2014 10:47pm
example of a long i'll look to play on a retrace

you can't really play it any other way that's not going to give you trouble. Is it the strongest of trades, yes and no. But it's one worth a small risk and I do that by entering on a retrace here to the PPZ, TL and long term PPZ.

Notice the montly chart we can see a retrace is the midpoint of the first box. Lines up with the current PPZ and TL. Our can start below the buob to position size but we want to get it up when price bounces there and if it doesn't you cut out. Gives you a pretty low risk type entry where you can 'cut your losses' but let your profits run. Something you hear people speak about but no one actually shows you how to do it. This is how I personally do it.

Hope everyone had a nice weekend

Mike
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  • #133,283
  • Dec 8, 2014 2:18am Dec 8, 2014 2:18am
This is a trade I took on Friday afternoon CET (not the bets time to open a trade I guess) and it went against me. The RR is not great but I didn't expect it to turn back that fast. The pin bar looked perfect. I guess the spread is too high for this kinds of "quick" trades (10 pips when I opened it). Any constructive comments is appreciated.
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  • #133,284
  • Dec 8, 2014 3:14am Dec 8, 2014 3:14am
Happy Birthday Mike!
  • #133,285
  • Dec 8, 2014 3:55am Dec 8, 2014 3:55am
Quoting Verbal
This is a trade I took on Friday afternoon CET (not the bets time to open a trade I guess) and it went against me. The RR is not great but I didn't expect it to turn back that fast. The pin bar looked perfect. I guess the spread is too high for this kinds of "quick" trades (10 pips when I opened it). Any constructive comments is appreciated. {image}
You have strangely different feed. I don't have a pinbar, only an indecision bar followed by pinbar in upside direction.

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  • #133,286
  • Dec 8, 2014 6:25am Dec 8, 2014 6:25am
EurUsd at trendline support - Monthly chart.
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1Hr BuOB.
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Keeping it Simple
  • #133,287
  • Dec 8, 2014 6:33am Dec 8, 2014 6:33am
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Keeping it Simple
  • #133,288
  • Dec 8, 2014 7:24am Dec 8, 2014 7:24am
Quoting habeeb
{image}
What about this area? Don't you think it's too close?
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  • #133,289
  • Dec 8, 2014 7:28am Dec 8, 2014 7:28am
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...

thanks for the hint buddy.

Hero calls followed by margin calls...
  • #133,290
  • Dec 8, 2014 7:52am Dec 8, 2014 7:52am
Quoting bangster
{quote} What about this area? Don't you think it's too close? {image}
Hi bangster,
by that level I would have moved my stop to entry already.
Keeping it Simple
  • #133,291
  • Dec 8, 2014 8:04am Dec 8, 2014 8:04am
Quote
Quoting Trader000
Quote
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,...

WOW ... do we still get posts like these, after so many years?
Keeping it Simple
  • #133,292
  • Dec 8, 2014 8:09am Dec 8, 2014 8:09am
Quoting mbqb11
{quote} 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...
Hold on Mike .... don't spoil the fun
Keeping it Simple
  • #133,293
  • Dec 8, 2014 8:34am Dec 8, 2014 8:34am
Quoting protuberanec
Happy Birthday Mike!
thanks brotha
  • #133,294
  • Dec 8, 2014 8:41am Dec 8, 2014 8:41am
Quoting Verbal
This is a trade I took on Friday afternoon CET (not the bets time to open a trade I guess) and it went against me. The RR is not great but I didn't expect it to turn back that fast. The pin bar looked perfect. I guess the spread is too high for this kinds of "quick" trades (10 pips when I opened it). Any constructive comments is appreciated. {image}
Hey Verbal

The problem with a bar like this is that you have no space for price to move. So your target is right where price really did get too. Meaning we have no space so any move down is putting us near the "zone" of your target line. We want to look for pinbars with nice space or more confluence if we are going to trade in traffic. Remember always think of your bar as the trigger point into a larger story. What's the story on y ou bar here. It's a pinbar in traffic in a box trading into a PPZ/

The TRUE space runs out at the bar highs(i've marked on my chart with a purple line. So with that in our way the question is , is it really worth getting involved in this trade where we have very little room to work with

here is more information on traffic vs space too
Inserted Video

Hope that helps
Mike
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  • #133,295
  • Dec 8, 2014 8:46am Dec 8, 2014 8:46am
Quoting habeeb
{quote}{quote} WOW ... do we still get posts like these, after so many years?
lol yep, i think some people have just been damaged by the other garbage out there and the assumption is made were like the 99% too. I guess you can't blame them in many ways

Oh well we'll keep plugging along showing and helping with real stuff

Good to see you buddy

Mike
  • #133,296
  • Dec 8, 2014 9:02am Dec 8, 2014 9:02am
I suggest it's a good opportunity for going long. What do you think, guys?
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  • #133,297
  • Dec 8, 2014 9:17am Dec 8, 2014 9:17am
hmm yen pretty tough today, usd weak.


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also shorted cable,

lets c
Hero calls followed by margin calls...
  • #133,298
  • Dec 8, 2014 9:22am Dec 8, 2014 9:22am
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Keeping it Simple
  • #133,299
  • Dec 8, 2014 9:37am Dec 8, 2014 9:37am
Quoting Tin-soldier
I suggest it's a good opportunity for going long. What do you think, guys? {image}
I'd prefer to wait for the Daily close. A short entry would probably be a better bet, since price has retested the support/resistance area.
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Keeping it Simple
  • #133,300
  • Dec 8, 2014 9:45am Dec 8, 2014 9:45am
Quoting PhAnTi'
also shorted cable, lets c
I'll join you soon.
Keeping it Simple
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