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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

  • #135,981
  • Jul 17, 2015 1:44am Jul 17, 2015 1:44am
Morning guys, looking to hold this trade till the end of the day. It was taken on the GBP JPY weekly pin and is around 180 pips to the good. its been my only long term trade this week the only others were some short term ones at the Sunday open. TP is at the top of the big gap down its been quite a slow mover but a steady one.

SL is now around 50% profit , I would like it to reach my TP today but it will take a strong move to get there so if it doesn't i will close it out manually as the weekend gap downs on this pair can be quite sharp.

I hope you have all had a profitable week and that Friday continues to be so.
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  • #135,982
  • Jul 17, 2015 3:21am Jul 17, 2015 3:21am
Quoting jscathey11
ok been close observer and follower of this thread for a few years because this stuff actually works. I learned the hard way like most folks do and tried every damn indicator or system i could find OR buy. Most people are looking for the "holy grail" and quit because its never found and they get disgusted. YOU ARE THE HOLY GRAIL. STOP LOOKING!!! It took me 5 years of loosing to realize I was the cause. Not the system, indicator, or buy/sell signals. Pure and simple I was the one screwing up my success. So for all the people with real accounts that...
Man who the hell do you think you are to come here and insult me for taking a loss, George Soros? And then you taunt me for it too and rub it in my face... telling me that I helped pay for your daughter’s tuition. And if that wasn’t enough you further insult me by recommending that I deliver pizzas to come up with the subscription fee? You’re an egotistic prick! I juggle Forex, a university degree and an incredibly stressful job. And I still manage to stay profitable in the currency markets, so don’t you dare insult me.
  • #135,983
  • Jul 17, 2015 3:24am Jul 17, 2015 3:24am
Quoting Bladerunn3r
Morning guys, looking to hold this trade till the end of the day. It was taken on the GBP JPY weekly pin and is around 180 pips to the good. its been my only long term trade this week the only others were some short term ones at the Sunday open. TP is at the top of the big gap down its been quite a slow mover but a steady one. SL is now around 50% profit , I would like it to reach my TP today but it will take a strong move to get there so if it doesn't i will close it out manually as the weekend gap downs on this pair can be quite sharp. I hope...
Hey Blade, good to see you starting to hold your positions and not taking profits too early like you said you struggled with. Also, well done on your Guppy trade, I regret not taking that one. Yeah I started this week with a couple losers but I’ve come back nicely since then and I’m ending the week marginally profitable. Beers today, boet. Definitely!
  • #135,984
  • Jul 17, 2015 3:58am Jul 17, 2015 3:58am
Quoting incognito517
{quote} Hey Blade, good to see you starting to hold your positions and not taking profits too early like you said you struggled with. Also, well done on your Guppy trade, I regret not taking that one. Yeah I started this week with a couple losers but Ive come back nicely since then and Im ending the week marginally profitable. Beers today, boet. Definitely!
I will see how it ends up, thanks for the props

Good to hear, if the profits buy a few beers then all the good drank a good few last night myself too. I am on holiday next week so will likely not trade next week much so have a great week and good luck.

  • #135,985
  • Jul 17, 2015 6:58am Jul 17, 2015 6:58am
Quoting alphac
AUD bounces between the original trouble areas and finds another S & R area, which will it go to next? {image}
Price finds support at the next S & R area and offers a rubbishy pinbar.

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  • #135,986
  • Jul 17, 2015 6:59am Jul 17, 2015 6:59am
Quoting incognito517
{quote} Man who the hell do you think you are to come here and insult me for taking a loss, George Soros? And then you taunt me for it too and rub it in my face... telling me that I helped pay for your daughters tuition. And if that wasnt enough you further insult me by recommending that I deliver pizzas to come up with the subscription fee? Youre an egotistic prick! I juggle Forex, a university degree and an incredibly stressful job. And I still manage to stay profitable in the currency markets, so dont you dare insult me.
Hi Incognito, i think the guy meant no disrespect to you directly. He is a bit harsh, but being harsh sometimes helps me or other newbies to open our eyes and see the things in a different light. Just my 2 cents
Market can stay irrational longer than you can stay solvent.
  • #135,987
  • Jul 17, 2015 7:05am Jul 17, 2015 7:05am
Quoting jscathey11
ok been close observer and follower of this thread for a few years because this stuff actually works. I learned the hard way like most folks do and tried every damn indicator or system i could find OR buy. Most people are looking for the "holy grail" and quit because its never found and they get disgusted. YOU ARE THE HOLY GRAIL. STOP LOOKING!!! It took me 5 years of loosing to realize I was the cause. Not the system, indicator, or buy/sell signals. Pure and simple I was the one screwing up my success. So for all the people with real accounts that...
Hi JS, thanks for the eye-opening post, i agree with your statements, still have some to put from theory into practice But im intrigued reg. the GU PB, what made you think it wont work?

Thanks in advance for your answer.
Market can stay irrational longer than you can stay solvent.
  • #135,988
  • Jul 17, 2015 7:48am Jul 17, 2015 7:48am
UCAD 1HR, reaches 1.30, S&R area (check weekly), divergence, but no PA, sit on your hands and wait.

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  • #135,989
  • Jul 17, 2015 8:06am Jul 17, 2015 8:06am
Trading markets is probability game, nothing more and nothing less. A++ setup has more chances to work out over B setup.
Keep in minde also that both can work out or fail miserably.
  • #135,990
  • Jul 17, 2015 9:48am Jul 17, 2015 9:48am
Quoting Bladerunn3r
{quote} I will see how it ends up, thanks for the props Good to hear, if the profits buy a few beers then all the good drank a good few last night myself too. I am on holiday next week so will likely not trade next week much so have a great week and good luck.
Thanks Blade, you have an awesome holiday. Here's an Oreo for you:
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  • #135,991
  • Jul 17, 2015 9:51am Jul 17, 2015 9:51am
Jscathey11,

FXBAT is right, you probably meant well. But I’m pretty sure that your post was directed at me specifically. Because for one, I posted that Pin Bar setup. And two, I was the only one to openly speak to Mike about not being able to afford the J16 subscriptions. But seeing that you have a grown daughter in university who’s probably around my age, I ought to respect you regardless. So I sincerely apologize for calling you a prick. But please don’t mock and humiliate people here who are on the opposite side of your winning trades, because it doesn't feel good to lose money, particularly when you have very little.
  • #135,992
  • Jul 17, 2015 10:09am Jul 17, 2015 10:09am
Here's how I am ending the week:
1. NZDJPY: BEOB = 37 pips up
2. GBPUSD: BUOB = 4 pips down
3. GBPAUD: IB = 141 pips up
4. GBPNZD: BUOB = 755 pips up
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  • #135,993
  • Jul 17, 2015 12:30pm Jul 17, 2015 12:30pm
Quoting incognito517
Here's how I am ending the week: 1. NZDJPY: BEOB = 37 pips up 2. GBPUSD: BUOB = 4 pips down 3. GBPAUD: IB = 141 pips up 4. GBPNZD: BUOB = 755 pips up {image}
That looks like a pretty good week to me! Amazing trade on that GBP/NZD, btw!
  • #135,994
  • Jul 17, 2015 1:15pm Jul 17, 2015 1:15pm
Quoting incognito517
Here's how I am ending the week: 1. NZDJPY: BEOB = 37 pips up 2. GBPUSD: BUOB = 4 pips down 3. GBPAUD: IB = 141 pips up 4. GBPNZD: BUOB = 755 pips up {image}
What a belter that one was
  • #135,995
  • Jul 17, 2015 1:32pm Jul 17, 2015 1:32pm
Quoting incognito517
{quote} Thanks Blade, you have an awesome holiday. Here's an Oreo for you:{image}
Wicked thanks although i got an electric shock when i bit my screen.....

Glad you have had a profitable week. Your input here is a fine thing for this thread and to know that the people on here who look out for each other are making money brings a smile to my face. Not done too badly myself, 310 pips this week apparently. Another month of profits or two and a trading plan finalised and i'll consider setting up a live account.
  • #135,996
  • Jul 17, 2015 4:57pm Jul 17, 2015 4:57pm
If I was harsh I will apologize. Sometimes I come off that way. Wasn't singling anyone out just making observations. I sold breakfast burritoes at work everyday to fund my trading education/ fund my account. So in saying all of this I will now explain why I didnt take the gbp/usd daily pinbar.

First as you can see by the chart I posted gbp/usd has been in a rising channel, secondly it has been making new HH'S and new HL'S which is all accounts considered a bullish trend. I AM NOT a counter trend trader. Know people that are and seem to make money but not me. Go check out post #14186 and that will explain counter trend trading. Also post #23249 has some gems!
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Any more questions please feel free to ask. Aslo if you havent read the entire James16 thread do it!! Well worth the time.
  • #135,997
  • Jul 17, 2015 7:18pm Jul 17, 2015 7:18pm
Quoting jscathey11
ok been close observer and follower of this thread for a few years because this stuff actually works. I learned the hard way like most folks do and tried every damn indicator or system i could find OR buy. Most people are looking for the "holy grail" and quit because its never found and they get disgusted. YOU ARE THE HOLY GRAIL. STOP LOOKING!!! It took me 5 years of loosing to realize I was the cause. Not the system, indicator, or buy/sell signals. Pure and simple I was the one screwing up my success. So for all the people with real accounts that...
Correct friend. This stuff works. Post a chart to support your comments in future. No whinging, no pot shots from the sidelines. Just constructive charts that articulate thoughts. Thanks, GB.

err, wonder how much a pizza delivery driver makes an hour?
'Fail to plan, plan to fail'
  • #135,998
  • Jul 17, 2015 7:30pm Jul 17, 2015 7:30pm
Quoting incognito517
Here's how I am ending the week: 1. NZDJPY: BEOB = 37 pips up 2. GBPUSD: BUOB = 4 pips down 3. GBPAUD: IB = 141 pips up 4. GBPNZD: BUOB = 755 pips up {image}
Struth, blimey, crikey, gee willakers! Lekker hey! Bloody great work buddy. You are so obviously well on your way. I suspect a little time with the J16 PF might be the icing on the cake?

Am looking to join up for awhile soon. But either way, a trader has all they need to be consistently profitable on page 1, post 1 free (thanks Jim). I can be profitable already, but I still have some questions and a few holes in my trading mainly around the bigger market picture/dynamics/forces. For me, it's an exciting journey. The journey, not the destination. And where's my oreo?!

Have a beaut weekend y'all. GB.
'Fail to plan, plan to fail'
  • #135,999
  • Jul 17, 2015 7:39pm Jul 17, 2015 7:39pm
Quoting Guitarbloke
{quote} Correct friend. This stuff works. Post a chart to support your comments in future. No whinging, no pot shots from the sidelines. Just constructive charts that articulate thoughts. Thanks, GB. err, wonder how much a pizza delivery driver makes an hour?
And free pizza?
  • #136,000
  • Jul 17, 2015 8:28pm Jul 17, 2015 8:28pm
Quoting srt
{quote} And free pizza?
Oh Yeaah!
'Fail to plan, plan to fail'
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