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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

  • #137,801
  • Dec 9, 2015 1:40am Dec 9, 2015 1:40am
"THE REGULAR RATE OF 129 PER MONTH AND FREE AFTER ONE YEAR WILL STILL BE AVAILABLE FOR ABOUT A MONTH. ALL YOU NEED TO DO IS USE THE EMAIL LINK ON THE PAGE. IT DOES NOT MEAN YOU ARE SIGNING UP IT SIMPLY LETS US KNOW WHO HAS THOSE INTENTIONS WHEN ITS AVAILABLE. IF WE HAVE ANY BUGS WHICH IS NOT UNCOMMON WITH A NEW SITE WE WILL HAVE YOUR INTENT IN OUR DATABASE".

Hey Mike. I've emailed the site link provided with my intention to join up in January with the above offered deal.

Congratulations. Exciting stuff. And thanks Jim! GB.
'Fail to plan, plan to fail'
  • #137,802
  • Edited 3:25am Dec 9, 2015 2:19am | Edited 3:25am
Quoting james16
THE DREAM IS OFFICIALLY BEING ANNOUNCED AND CLOSE TO MIKES BIRTHDAY. LOL. OUR NEW SITE WHICH INCLUDES FOREX, STOCKS, OPTIONS, REAL ESTATE, MEMBER FOUNDATION FOR FINANCIAL TROUBLE DUE TO UNFORSEEN CIRCUMSTANCES, WORLWIDE CHARITY AND EVERY DREAM WE HAVE HAD FOR TEN YEARS WILL BECOME LIVE ON 1-3-16. YOU CAN NOW SEE OUR FIRST PREVIEW AND WATCH TWO VIDEOS THAT I THINK WILL BRING MANY SMILES TO MANY FACES. STAY TUNED BECAUSE ANOTHER PRE LAUNCH VIDEO WILL HAPPEN AROUND 12-25-15 AND WILL INCLUDE A FULL MEMBER AREA WALKTHRU. TO ALL MY DEAR FRIENDS FROM AROUND...
Great! Thanks for your efforts and help! Just decided to join your group & here is your post)) Email sent
  • #137,803
  • Dec 9, 2015 2:28am Dec 9, 2015 2:28am
I greatly respect what mbqb11 (mike) does. I look forward to the new site because Mike's teachings. Not because the founder has been YEARS away from the site doing other business collecting membership fees and finally coming back with big marketing and even more expensive membership. Why is the founder's first post after years of being away, an Announcement of a new site with the purpose of more money flowing in? Instead it could be a good-old post about helping people with this stuff, like Mike was been doing religiously for 10 years, day in day out.

Don't get me wrong. There is nothing wrong in being good at something and turning it into a profit. That is how I see the group. Nothing wrong with collecting membership fees and marketing your site if the stuff there is as good as it is. I just don't buy that claim that you are doing it because of some NOBLE reasons or for simple helping people because you are so good of a man. Why wouldn't you just call it forex education business. Nothing wrong with that.

My intention is not to dislike the group. Again, I look forward to the new site. The stuff there is good.
  • #137,804
  • Edited 6:25am Dec 9, 2015 4:57am | Edited 6:25am
Quoting mbqb11
{quote} yep great job You can see if we break it down a bit more cleaner that we have a Large box. The MIDPOINT of all boxes is a PPZ. This is that agreement of price area. So this becomes choppier as well as we get smaller boxes often making up within that larger box. So on the weekly you can see it nice. Don't be surprised to see us push into and show resistance here above that weekly buob. We could easily see price pulldown again, if we can get clearly above it we will likely test into that box top I'd prefer to see us move lower after a retest...
Great thanks for your answer, Mike. As far as I could understand, if we see some consolidation of boxes, it makes sense to jump to higher timeframe & find larger box to see and try to predict price movement. And speaking of midpoints and PPZ, do you mean that before drawing boxes, you should find PPZs firstly & then draw box around them?
  • #137,805
  • Dec 9, 2015 7:21am Dec 9, 2015 7:21am
Quoting james16
THE DREAM IS OFFICIALLY BEING ANNOUNCED AND CLOSE TO MIKES BIRTHDAY. LOL. OUR NEW SITE WHICH INCLUDES FOREX, STOCKS, OPTIONS, REAL ESTATE, MEMBER FOUNDATION FOR FINANCIAL TROUBLE DUE TO UNFORSEEN CIRCUMSTANCES, WORLWIDE CHARITY AND EVERY DREAM WE HAVE HAD FOR TEN YEARS WILL BECOME LIVE ON 1-3-16. YOU CAN NOW SEE OUR FIRST PREVIEW AND WATCH TWO VIDEOS THAT I THINK WILL BRING MANY SMILES TO MANY FACES. STAY TUNED BECAUSE ANOTHER PRE LAUNCH VIDEO WILL HAPPEN AROUND 12-25-15 AND WILL INCLUDE A FULL MEMBER AREA WALKTHRU. TO ALL MY DEAR FRIENDS FROM AROUND...
Already the nay- sayers are creeping out from under the rocks

http://www.trade2win.com/boards/gene...s-16-a-10.html
every Saint has a past. Every Sinner has a Future
  • #137,806
  • Dec 9, 2015 7:32am Dec 9, 2015 7:32am
USDJPY

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  • #137,807
  • Dec 9, 2015 7:35am Dec 9, 2015 7:35am
Quoting turnip15
{quote} Already the nay- sayers are creeping out from under the rocks http://www.trade2win.com/boards/gene...s-16-a-10.html
that's ok T, we are here to help those that want and even those that hate. We will continue to do it with love. Just we won't be as buried as we've been for the last few years while we got things together to make the site better for our members.

That person didn't even read or listen to Jim's video which might help them. We are not relaunching, we never went anywhere. How many sites can exist for ten years in this world of forex scammers. Not many. We are going to continue to do things with integrity and our track record for ten years shows that.

We could not be more excited about the new year to continue to be a shining light in this industry. We've made so many great friends in these ten years, people i've literally got to know closely over ten years.

Our reputation and really our member feedback speaks for itself. I'm very proud of that as I work VERY hard each day along with others.

We are close folks! And SO excited

Mike
  • #137,808
  • Dec 9, 2015 7:42am Dec 9, 2015 7:42am
Quoting jacobtrade
I greatly respect what mbqb11 (mike) does. I look forward to the new site because Mike's teachings. Not because the founder has been YEARS away from the site doing other business collecting membership fees and finally coming back with big marketing and even more expensive membership. Why is the founder's first post after years of being away, an Announcement of a new site with the purpose of more money flowing in? Instead it could be a good-old post about helping people with this stuff, like Mike was been doing religiously for 10 years, day in day...
Hey Jacob

Thanks for the nice comments, but none of it is possible without James. James just needed some time away, it's what ten years will do. The site takes a MASSIVE amount of work day in and day out. As his partner we do it together. I just stepped up more in his absence

We are fine with calling it a business, we are going to now finally treat it like one too while continuing to help people paid and non. No real business would have done it the way we did though. Having a ten year name in the business and done ZERO advertising, updating of their site etc. Heck people think we weren't even around lol.

We know how harsh it is out there and why people come to us reluctantly. That's OK we are here to help and it won't mean the free stuff disappearing. It's going to be easier for us to do both. But for the time and effort and money it takes to run the site we just want to do it right and we're very much oK with being compensated with it as you said above

Never hesitate to drop us a line with more questions/comments/concerts

Greatly appreciate your feedback!

Mike
  • #137,809
  • Dec 9, 2015 7:43am Dec 9, 2015 7:43am
Quoting Guitarbloke
"THE REGULAR RATE OF 129 PER MONTH AND FREE AFTER ONE YEAR WILL STILL BE AVAILABLE FOR ABOUT A MONTH. ALL YOU NEED TO DO IS USE THE EMAIL LINK ON THE PAGE. IT DOES NOT MEAN YOU ARE SIGNING UP IT SIMPLY LETS US KNOW WHO HAS THOSE INTENTIONS WHEN ITS AVAILABLE. IF WE HAVE ANY BUGS WHICH IS NOT UNCOMMON WITH A NEW SITE WE WILL HAVE YOUR INTENT IN OUR DATABASE". Hey Mike. I've emailed the site link provided with my intention to join up in January with the above offered deal. Congratulations. Exciting stuff. And thanks Jim! GB.
Yep I got it GB!
  • #137,810
  • Dec 9, 2015 10:09am Dec 9, 2015 10:09am
Here is a loss I just took on EURAUD H1. This was a BEOB at the edge of the trend line. Not all patterns work out, that is for sure. However, I still thought this one was worth the risk.

Have to know when to fold.

This is why it was immensely important for me to hold strong on yesterday's pattern. If I had let it reach my target, it would have paid for this loss (and then some). This loss cost me 1.3%. So, with yesterday's trade and another win from last week, I am more or less break-even for December, due to this loss.

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The game taught me the game.
  • #137,811
  • Dec 9, 2015 11:07am Dec 9, 2015 11:07am
Gregory, how much % do you risk at your trades in the beginning, when you place your order?
  • #137,812
  • Dec 9, 2015 11:15am Dec 9, 2015 11:15am
Quoting zamfir
USDJPY {image}
update on USDJPY - Target hit , 110 pips.

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  • #137,813
  • Dec 9, 2015 11:18am Dec 9, 2015 11:18am
Quoting antisystem
Gregory, how much % do you risk at your trades in the beginning, when you place your order?
Hello! It depends. I risk anywhere from 0.25% to 3% (except on gap trades, where I can risk more). It is kind of a gut feel on the situation. I knew that box could have caused problems. Therefore, I almost went down to 1% risk on this one. However, when the BEOB started to break, it looked good to me. So, I risked 3% at the top of the BEOB on this. I moved my stop down as the BEOB started to reject off of that box to cut my risk in half (50%+), and I was eventually stopped out for the 1.3% loss.

In all reality, that lower trend line was too iffy. I see that now and will adjust in the future.
The game taught me the game.
  • #137,814
  • Dec 9, 2015 12:13pm Dec 9, 2015 12:13pm
Here is an H1 pin I missed on USDJPY. I think I was too busy analyzing my EURAUD loss. Completely missed it! Can't get them all, I guess.

Attached Image
The game taught me the game.
  • #137,815
  • Dec 9, 2015 2:50pm Dec 9, 2015 2:50pm
Quoting Gregory_
Here is an H1 pin I missed on USDJPY. I think I was too busy analyzing my EURAUD loss. Completely missed it! Can't get them all, I guess. {image}
Ha) I still can't get my lossing short order at AUDJPY out of my head, looking at bearish bars)))
  • #137,816
  • Dec 9, 2015 3:12pm Dec 9, 2015 3:12pm
Quoting antisystem
{quote} Ha) I still can't get my lossing short order at AUDJPY out of my head, looking at bearish bars)))
Are you talking about this post?

http://www.forexfactory.com/showthre...10#post8573310
The game taught me the game.
  • #137,817
  • Dec 9, 2015 3:15pm Dec 9, 2015 3:15pm
Quoting Gregory_
{quote} Are you talking about this post? http://www.forexfactory.com/showthre...10#post8573310
No, wait. You said short. That was a long. I must have the wrong post.
The game taught me the game.
  • #137,818
  • Dec 9, 2015 10:54pm Dec 9, 2015 10:54pm
Quoting antisystem
{quote} Unfortunatelly, can't say the same thing((( Again I'm moving directly to 30% loss))) Guys, can you help me in this situation? I decided to enter BEPB near strong S/R level on weekly & daily charts, under BRN, price reached previous box. It didn't work) Is it a bad luck or I missed something except trading against trend?) {image}
I was talking about this one)
  • #137,819
  • Dec 10, 2015 3:01am Dec 10, 2015 3:01am
Last post for a while in the public thread. I am retreating to my journal on the J16 site to keep myself focused. I still consider myself fairly new to everything, considering I have really only been hammering the J16 material hard for about 2.5 years now. Therefore, I may be back to post eventually. For now, I need to focus on becoming a better trader.

Since this is the last post for a while, here is a trade I just exited a few minutes ago for a 2.1% gain. This was an M30 break-out on EURCHF, and I traded it on the M15 chart. The M15 pin was my trigger.

Now, I am not happy with this trade. It worked out, but I put myself in a very difficult management situation (with the news and everything). Consequently, I need to do better.

All of the trade timestamps are in my journal on the J16 website. I posted when I entered and exited the trade almost immediately. Unfortunately, since it was an M15 trade, I could not get a chart up until after I exited. The chart is from my live feed.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-10 02_35_55-EUR.CHF@IDEALPRO - Midpoint - 12_04-12_10 15 min bar61500s.png Size: 268 KB


GLTA
The game taught me the game.
  • #137,820
  • Dec 10, 2015 3:13am Dec 10, 2015 3:13am
Quoting antisystem
{quote} Unfortunatelly, can't say the same thing((( Again I'm moving directly to 30% loss))) Guys, can you help me in this situation? I decided to enter BEPB near strong S/R level on weekly & daily charts, under BRN, price reached previous box. It didn't work) Is it a bad luck or I missed something except trading against trend?) {image}
1. Its a Bearish Outside bar , NOT a Pin.

2. Clearly went against the trend.

Note: Always pay attention to the context. Context/Story is more important than any S/R level or PA pattern. The S/R levels have to make sense in the context, only then PA bars will work out better.
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