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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

  • #133,521
  • Jan 8, 2015 4:09pm Jan 8, 2015 4:09pm
Quoting mbqb11
Well it's been something we've spoke about but it's now right around the corner. This is a message from James and a little sneak peek at what things look like. I can't tell you how much we are looking forward to this. --------------------------------------------------------------------------------- Well friends I guess I better do something before I get too old to type. This new website has 10 years of dreams put into it. Many of you old timers will remember all those years ago I had plans. This new site will finally have those dreams and they will...
Looks awesome Michael
  • #133,522
  • Jan 8, 2015 4:10pm Jan 8, 2015 4:10pm
Hello Mike and guys,

what do you think about this chart of Daily EUR/CAD?

There is PINBAR on one-year low area. But there is lot of traffic above it.

Thanks for your thoughts.
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  • #133,523
  • Jan 8, 2015 7:14pm Jan 8, 2015 7:14pm
Quoting wellard
Hello Mike and guys, what do you think about this chart of Daily EUR/CAD? There is PINBAR on one-year low area. But there is lot of traffic above it. Thanks for your thoughts. {image}
Wellard, I actually just took a sell on the consecutive matching low price action. I do not see any price action for a buy yet. I will also note I am a novice so any input from the experts is appreciated.

Attached Image
  • #133,524
  • Jan 8, 2015 8:07pm Jan 8, 2015 8:07pm
Quoting wellard
Hello Mike and guys, what do you think about this chart of Daily EUR/CAD? There is PINBAR on one-year low area. But there is lot of traffic above it. Thanks for your thoughts. {image}

Hey Wellard.

The most recent bar is not truly considered a pin bar because it did not open and close within the previous bar. It does however have that pin bar look (a long wick) but the close needs to close back into the previous bar. It is at somewhat of an interested double low area, but there isn't much of a story as is to go long right now.

Let us know if you have any questions.
  • #133,525
  • Jan 9, 2015 12:10am Jan 9, 2015 12:10am
Quoting wellard
Hello Mike and guys, what do you think about this chart of Daily EUR/CAD? There is PINBAR on one-year low area. But there is lot of traffic above it. Thanks for your thoughts. {image}
you have the same bar just about 6 bars back.
this one here closed below 1.40, closed below the previous bar, didn't moved in new ground and so on.
hth
meine augen sind die sterne
  • #133,526
  • Jan 9, 2015 11:04am Jan 9, 2015 11:04am
Quoting Berserker
{quote} Hi Prasad, Watching this pair myself - I feel still space for it go further south. Will wait for some more good PA before I step in again. A lot of space on the downside, and the Australians are trying to push down the value of the Aussie at the moment ( although we don't talk fundies here! ).
You are right on waiting for some good PA to re enter this trade. I got distracted by a few things of late. I also think this will go south but we have to wait for PA.
  • #133,527
  • Jan 9, 2015 11:58am Jan 9, 2015 11:58am
There we go again on GBP/CHF. I have already made 50 plus pips on this trade this week and then it seems to throw a pin bar again. 5300 still remains the FTA>
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  • #133,528
  • Jan 9, 2015 1:44pm Jan 9, 2015 1:44pm
Nice speech by steve jobs at stanford

If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.
Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life

http://news.stanford.edu/news/2005/j...bs-061505.html
  • #133,529
  • Jan 10, 2015 1:06pm Jan 10, 2015 1:06pm
Does anyone ever go back to the first posts/charts that Jim posted? Such effective simplicity that is liable to be lost in the hurly burly of posts that have built up over the years. I think it pays to keep simplicity as a mantra to succeed in trading. It pays to keep returning to the beginning since one picks up jewels that one had not noticed on earlier visits. Thanks Jim, and the others that followed him that were willing to freely give of their knowledge and experience.
every Saint has a past. Every Sinner has a Future
  • #133,530
  • Jan 10, 2015 9:04pm Jan 10, 2015 9:04pm
Hi all,


I am just wondering what hs happend to this tread? Those days there were lots of new traders in this tread. but now its only a handfull of people. Has this tread lost its popularity or something else?

regards
  • #133,531
  • Jan 11, 2015 6:17am Jan 11, 2015 6:17am
Quoting turnip15
Does anyone ever go back to the first posts/charts that Jim posted? Such effective simplicity that is liable to be lost in the hurly burly of posts that have built up over the years. I think it pays to keep simplicity as a mantra to succeed in trading. It pays to keep returning to the beginning since one picks up jewels that one had not noticed on earlier visits. Thanks Jim, and the others that followed him that were willing to freely give of their knowledge and experience.
Hi Turnip!

Yes, I have read the first 700 pages - don't know how many posts that was, but it was a lot! Also look over the original few pages every now and again. Lots of great stuff from Jim - as you say the simplicity can quickly get lost.
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #133,532
  • Jan 11, 2015 6:19am Jan 11, 2015 6:19am
Quoting Suranga2500
Hi all, I am just wondering what hs happend to this tread? Those days there were lots of new traders in this tread. but now its only a handfull of people. Has this tread lost its popularity or something else? regards
Don't know - It is a shame when I see how popular this thread was a few years ago. Maybe it's too simple for most people - not enough indicators!
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #133,533
  • Jan 11, 2015 10:18am Jan 11, 2015 10:18am
Quoting mbqb11
Well it's been something we've spoke about but it's now right around the corner. This is a message from James and a little sneak peek at what things look like. I can't tell you how much we are looking forward to this. --------------------------------------------------------------------------------- Well friends I guess I better do something before I get too old to type. This new website has 10 years of dreams put into it. Many of you old timers will remember all those years ago I had plans. This new site will finally have those dreams and they will...
Thanks James and Mike, you are very great teachers! unfortunately I don't have enough money yet, but I trust that I'll join the group in future, now I lern english and read FF group and practice in trading! Thanks one more time!
  • #133,534
  • Jan 11, 2015 11:32am Jan 11, 2015 11:32am
Quoting Suranga2500
Hi all, I am just wondering what hs happend to this tread? Those days there were lots of new traders in this tread. but now its only a handfull of people. Has this tread lost its popularity or something else? regards
Hey S

We get a lot of new traders on here but I think cause they buried us with a lot of garbage in the commercial section(fair enough we are commercial but you know what I mean) that it changed the people who might be willing to look at what we do.

Hang around though myself and many others are still helping out all the time

Best
mike
  • #133,535
  • Jan 11, 2015 11:32am Jan 11, 2015 11:32am
Quoting protuberanec
{quote} Thanks James and Mike, you are very great teachers! unfortunately I don't have enough money yet, but I trust that I'll join the group in future, now I lern english and read FF group and practice in trading! Thanks one more time!
Thanks buddy, we never want anyone to strap themselves to join us. We'll be doing more guest stuff and of course always helping out here when we can too

Your English is great !

Mike
  • #133,536
  • Jan 11, 2015 3:17pm Jan 11, 2015 3:17pm
Quoting protuberanec
{quote} Thanks James and Mike, you are very great teachers! unfortunately I don't have enough money yet, but I trust that I'll join the group in future, now I lern english and read FF group and practice in trading! Thanks one more time!
... a very long path to the tower of the trading wisedom,
in my case I'm very happy to be a part of that forum and I will likely in the future a member of the
private forum, but for 2015 that step is out of budget , probably next year !
in the meantime I hope this forum will continue on that way.
I think is very usefull go back to the Page 1 , read carefully, check the old charts......
Protuberanec you are right we have a great stuff here (thanks to all and especially to MIke),
and we have also hudge value in charts, and the semplicity of the initial pages are outstanding.
.....Steven's speech is a Faro in the business and not only in the business........
thanks to post the link and remeber that piece
Cheers
Xam
  • #133,537
  • Jan 11, 2015 3:51pm Jan 11, 2015 3:51pm
I wonder what this bluebird does....the price doubled in weeks.
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  • #133,538
  • Jan 11, 2015 5:05pm Jan 11, 2015 5:05pm
I am hoping the J16 website is being built using WordPress. WordPress is opensource and Google likes WordPress. It is open source and extensible and then 70 percent of the websites are built using WordPress so it is easy to find a programmer for maintenance and upgrades.

Also care needs to be taken to apply extensible design to website to make it compatible with smart phones.

I did build a website using another vendor because it offered some great designs and then realized that customization can be difficult with that vendor as the code is maintained only by that vendor and outsiders cannot modify it. Also search engines have a preference for WordPress because it is open source. This other vendor offered great designs and satisfied my aesthetic tastes but then realized it just satisfied my personal taste and I cannot bring it to the people so that was the story.
  • #133,539
  • Jan 11, 2015 5:18pm Jan 11, 2015 5:18pm
Quoting prasad99
I am hoping the J16 website is being built using WordPress. WordPress is opensource and Google likes WordPress. It is open source and extensible and then 70 percent of the websites are built using WordPress so it is easy to find a programmer for maintenance and upgrades. Also care needs to be taken to apply extensible design to website to make it compatible with smart phones. I did build a website using another vendor because it offered some great designs and then realized that customization can be difficult with that vendor as the code is maintained...
Hey P

Yes the new site is being developed in wordpress and is mobile friendly

Best
Mike
  • #133,540
  • Jan 11, 2015 5:20pm Jan 11, 2015 5:20pm
Quoting mbqb11
{quote} Hey P Yes the new site is being developed in wordpress and is mobile friendly Best Mike

Mike

Really good to hear that.
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