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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

  • #134,221
  • Apr 10, 2015 3:51pm Apr 10, 2015 3:51pm
Welcome james16!!
Nice to see you. I'm hope that you make my trade better!
  • #134,222
  • Apr 10, 2015 3:54pm Apr 10, 2015 3:54pm
Quoting burrissa
Mike and James, I have been wondering through the threads at FF for quite some time. I guess it was last year when I found your thread and started lurking on a consistent basis(member since 2008 and my first post). I watched as Mike helped fellow traders no matter what the questions were. As Mike assisted others and talked about you I came to believe that you and Mike were sincere and honest. I want a better life for my family and myself without spending 12-14 hours a day working a rotating shift. I plan on finding the money some how to join the...
Hey Jay

We've always tried to be different and for good reason. I enjoy everything about the position i've been lucky enough to be placed in and I never want to take that for granted, so I try to pay it forward. Just like James did all those years ago. Obviously trading is a serious business and it doesn't happen over night. But we always promise we will bend over backwards trying to show the way that is more than doable. And any member of the site can tell you I will do my best to show you that.

Glad to have you and stay tuned
Mike
  • #134,223
  • Apr 11, 2015 1:26am Apr 11, 2015 1:26am
Quoting mbqb11
{quote} Hey Jay We've always tried to be different and for good reason. I enjoy everything about the position i've been lucky enough to be placed in and I never want to take that for granted, so I try to pay it forward. Just like James did all those years ago. Obviously trading is a serious business and it doesn't happen over night. But we always promise we will bend over backwards trying to show the way that is more than doable. And any member of the site can tell you I will do my best to show you that. Glad to have you and stay tuned Mike
Mike,

Quick questions,

The new live trade call service .. will this be available for lifetime only members - those who have paid 12 months. Sorry, just trying to understand that email you sent out a while back with the new rates etc.

Take care
Dan
  • #134,224
  • Apr 11, 2015 4:36am Apr 11, 2015 4:36am
Quoting kevins
{quote} So this is something I created a few months back to begin the conversation for those interested in options. I think it's ironic that I am talking about options here on a "forex" website, but lets be honest, the bottom line here is to just make money! The vehicle may be different for sure, but the destination and the journey is quite similar. I intend to offer something quite valuable. First off, options have such an increased level of complexity, as well as flexibility, that a large majority of traders never learn how to use them effectively,...
Thanks for taking the time to reply Kevin. Interesting stuff that i'm keen to learn more about. Loving the vibe here. I wonder what the new site will cost to join? Doesn't matter really, as there is enough rich info here already to be a profitable trader. Thanks Jim, Mike, Kev and y'all. G
'Fail to plan, plan to fail'
  • #134,225
  • Apr 11, 2015 5:05am Apr 11, 2015 5:05am
This is all sounds rather excellent I have to say. Definitely excited about the options course since it is something I've been intrigued about.

Ok so on to a quick chart. I came across this on GBP/SGD (not usually a pair I look at) and would like to know your guys thoughts on this as a pin bar setup. It just tipped 1.9900 not too far below the BRN of 2.0000. I'm curious because I also see the previous bar closed below the previous lows there. Would like to know others analysis of this? Cheers guys!
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  • #134,226
  • Apr 11, 2015 6:45am Apr 11, 2015 6:45am
I am really happy for all guys who have enought money for lifertime membership. It's great idea to help children and insurance. Sure it will be the greatest university of trading, like Hogwarts School of Witchcraft and Wizardry on magic. unfortunately i live in poor country, so i don't have enought money. I hope James, Mike and other will devote some time for free thread. I believe that hard work and training trading lead me to you. Thanks for thread and for that given faith!!! (Sorry for my english)
  • #134,227
  • Apr 11, 2015 7:12am Apr 11, 2015 7:12am
Quoting protuberanec
I am really happy for all guys who have enought money for lifertime membership. It's great idea to help children and insurance. Sure it will be the greatest university of trading, like Hogwarts School of Witchcraft and Wizardry on magic. unfortunately i live in poor country, so i don't have enought money. I hope James, Mike and other will devote some time for free thread. I believe that hard work and training trading lead me to you. Thanks for thread and for that given faith!!! (Sorry for my english)
@Protuberanec

Living in a poor country is no excuse. Even if you lived in a rich country you would need to save up enough money to trade, money that you can afford to risk without using money needed for food, clothing and rent etc. However, James etc do state that a person should demo trade before risking real money. Therefore, whilst you save up enough money to begin trading using "real" money, you can spend a year or so learning to trade on demo using all the FREE information in this thread. I urge you to read POST Number ONE before doing anything. Take your time. Remember - more haste results in empty pockets and rumbling tummy.
every Saint has a past. Every Sinner has a Future
  • #134,228
  • Apr 11, 2015 8:05am Apr 11, 2015 8:05am
usd/chf on weekly

your opininon is appreciated...
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meine augen sind die sterne
  • #134,229
  • Apr 11, 2015 8:51am Apr 11, 2015 8:51am
Quoting turnip15
{quote} @Protuberanec Living in a poor country is no excuse. Even if you lived in a rich country you would need to save up enough money to trade, money that you can afford to risk without using money needed for food, clothing and rent etc. However, James etc do state that a person should demo trade before risking real money. Therefore, whilst you save up enough money to begin trading using "real" money, you can spend a year or so learning to trade on demo using all the FREE information in this thread. I urge you to read POST Number ONE before doing...
Yeah, your right! I have traded on demo D1 and W1 on 3monthes with profit, now i trade on D1 and W1 on small cent account with litlle profit. Also now i trade 1 month with profit on H4, H1. in my country minimal salary near 47USD i earned 168 so for me it's really hard. But it's ok I believe that hard work and perseverance lead me to big account and PF.
  • #134,230
  • Apr 11, 2015 3:13pm Apr 11, 2015 3:13pm
Quoting rdv
This is all sounds rather excellent I have to say. Definitely excited about the options course since it is something I've been intrigued about. Ok so on to a quick chart. I came across this on GBP/SGD (not usually a pair I look at) and would like to know your guys thoughts on this as a pin bar setup. It just tipped 1.9900 not too far below the BRN of 2.0000. I'm curious because I also see the previous bar closed below the previous lows there. Would like to know others analysis of this? Cheers guys! {image}
Hello RDV. My novice analysis tells me that Pin bar doesn't look to have closed back above BRN 2.000 (i can't make out where the close on the bar is), plus the previous bar did break this major level, and close below it. Looks like a reversal signal, but i would be cautious and of course wait for confirmation of price direction. We are at a key level, but recent downtrend. Only P.A. can guide me here. I wonder what the weekly chart is saying?

Best wishes, G.
'Fail to plan, plan to fail'
  • #134,231
  • Apr 11, 2015 3:39pm Apr 11, 2015 3:39pm
Quoting aserbfx
usd/chf on weekly your opininon is appreciated... {image}
Hello Aserbfx. I will have a crack using my novice analysis, so please take what i say with a grain of salt.

That bar doesn't look to me to be strictly a BUOB as it doesn't fully engulf the previous candle, however it is a strong bullish bar no doubt and off a key level. It has also closed at/close to a resistance level/trouble area around .9800 if you were thinking of setting a buy order above this bar. I imagine you would be waiting for a retracement before entering? You may have missed the boat on this one. I can't see any P.A. opportunity to get in on other time frames at present. I would wait to trade at a swing low.

I look forward to more experienced traders views on this. Best wishes, G.
'Fail to plan, plan to fail'
  • #134,232
  • Apr 11, 2015 5:18pm Apr 11, 2015 5:18pm
Quoting aserbfx
usd/chf on weekly your opininon is appreciated... {image}
Probably too small a TF for you but I'd like to see bearish PA near .9874 or 1.00 on 4H chart.
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  • #134,233
  • Edited 7:51pm Apr 11, 2015 7:33pm | Edited 7:51pm
Quoting turnip15
{quote} @Protuberanec Living in a poor country is no excuse. Even if you lived in a rich country you would need to save up enough money to trade, money that you can afford to risk without using money needed for food, clothing and rent etc. However, James etc do state that a person should demo trade before risking real money. Therefore, whilst you save up enough money to begin trading using "real" money, you can spend a year or so learning to trade on demo using all the FREE information in this thread. I urge you to read POST Number ONE before doing...
Be quiet mate! you have no idea what its like for people living in a deeply poor, under developed country.
  • #134,234
  • Apr 12, 2015 4:53am Apr 12, 2015 4:53am
Quoting kevins
{quote} So this is something I created a few months back to begin the conversation for those interested in options. I think it's ironic that I am talking about options here on a "forex" website, but lets be honest, the bottom line here is to just make money! The vehicle may be different for sure, but the destination and the journey is quite similar. I intend to offer something quite valuable. First off, options have such an increased level of complexity, as well as flexibility, that a large majority of traders never learn how to use them effectively,...
Kevin, even if I'm not interested in the option market, I read the material presented and it's absolutely outstanding and leverage the personal motivation to the right path. Thanks for having shared that piece that is gold, I think, for all the traders (video included).
Cheers
Xam
  • #134,235
  • Apr 12, 2015 5:46am Apr 12, 2015 5:46am
Quoting protuberanec
I am really happy for all guys who have enought money for lifertime membership. It's great idea to help children and insurance. Sure it will be the greatest university of trading, like Hogwarts School of Witchcraft and Wizardry on magic. unfortunately i live in poor country, so i don't have enought money. I hope James, Mike and other will devote some time for free thread. I believe that hard work and training trading lead me to you. Thanks for thread and for that given faith!!! (Sorry for my english)
Don't forget Protube, when you are a red hot consistently profitable trader, investors look for consistently profitable traders to trade big money for them, no matter where you live. So keep practicing and studying friend. You have found one of the best trading education threads on Earth ( i know, i've read them all and watched every webinar and crazy strategy known to woman and man!), so you can make it. Go for it.

G.
'Fail to plan, plan to fail'
  • #134,236
  • Apr 12, 2015 6:19am Apr 12, 2015 6:19am
Quoting Guitarbloke
{quote} Hello RDV. My novice analysis tells me that Pin bar doesn't look to have closed back above BRN 2.000 (i can't make out where the close on the bar is), plus the previous bar did break this major level, and close below it. Looks like a reversal signal, but i would be cautious and of course wait for confirmation of price direction. We are at a key level, but recent downtrend. Only P.A. can guide me here. I wonder what the weekly chart is saying? Best wishes, G.
Thanks for the input Guitarbloke. I believe you're right. I think it's best to wait for more PA to confirm direction. The previous bar closing below a major key level doesn't make this a perfectly obvious pinbar setup. The weekly chart again doesn't (in my opinion) confirm much to me either apart from down trend and a trouble area and key resistance at 2.0000.
  • #134,237
  • Apr 12, 2015 6:49am Apr 12, 2015 6:49am
Quoting dan89
{quote} Be quiet mate! you have no idea what its like for people living in a deeply poor, under developed country.
I will not be quiet. He is intelligent enough (and gave an intelligent reply to my advice) to follow the advice to practice before using real money and during this practice time he can save up a trading pot. So -no I will not be quiet nor bullied by oafs like you.
For your information (not that I give a shite for your opinion) I have worked in poor countries for several years.
every Saint has a past. Every Sinner has a Future
  • #134,238
  • Apr 12, 2015 7:11am Apr 12, 2015 7:11am
Hi All,
the below pic (EG) suggest you ideas ?
please share your opinion if you like,
in my opinion can be reasonable to tentatively entry on the breakout (H or L)
cheers
Xam
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  • #134,239
  • Apr 12, 2015 7:33am Apr 12, 2015 7:33am
@Xam

The first thing that you do is analyze the market condition . Do not go looking for some random PPZ , that wont make any sense.This IMO is the biggest mistake newbies make - finding some random PPZ and taking entries there. This process won't ever help. The real skill lies in understanding and making sense of the current market condition. Anyone can find a PPZ, that is not the point. If you read the market condition in a wrong way or in many cases don't read it all , your trade will most likely fail.

Once you understand the market condition , then look for a setup. By setup i mean the location(PPZ) and some confluence (TL/Fibs). If market is moving sideways , then PPZs are enough. Once you have found the location , wait for price to come there and give you a proper signal and then take the trade.

This is how i would analyze the eurgbp on the weekly. The same thought process can be applied any timeframe.

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  • #134,240
  • Apr 12, 2015 7:35am Apr 12, 2015 7:35am
Quoting Xamarass
Hi All, the below pic (EG) suggest you ideas ? please share your opinion if you like, in my opinion can be reasonable to tentatively entry on the breakout (H or L) cheers Xam {image} {image}
DBHLC on W1. I would look for bearish P.A./confirmation and a break and close beneath that support level to trade with downtrend. The daily, 4H or 1H charts may assist with entry. Best regard's, G
'Fail to plan, plan to fail'
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