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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

  • #138,141
  • Jan 10, 2016 3:47am Jan 10, 2016 3:47am
It's not for free, nobody is asking for that.

Rather instead of posting a historical chart showing a great trade, that chart can still be posted alongside the account statement to prove it was taken and the money was made.

The charts can be posted many hours after the trade or even the next day.

Surely a business has a real advantage if it can prove its product or service works rather than just talking about how it works and how great it is. A real money account stops all the talk and instead backs it up with proof.

Surely everyone can spot the problem here. Somebody says he's a major long term money maker in the market but doesn't offer any real-time proof. If I was a major money maker AND wanted to sell you something on the back of it, I'd be mad wouldn't I not to provide proof. Common sense dictates the fact I can't provide proof means I don't have any...
Road To Wisdom? To err and err and err again, but less and less and less...
  • #138,142
  • Jan 10, 2016 3:55am Jan 10, 2016 3:55am
Quoting Calculus
It's not for free, nobody is asking for that. Rather instead of posting a historical chart showing a great trade, that chart can still be posted alongside the account statement to prove it was taken and the money was made. The charts can be posted many hours after the trade or even the next day. Surely a business has a real advantage if it can prove its product or service works rather than just talking about how it works and how great it is. A real money account stops all the talk and instead backs it up with proof. Surely everyone can spot the...
I completely agree with Calculus and Winston.

if James16group claims to be different than others , then they should publish a live account right here in FF using trade explorer.

Why James16group has not done that only Mike & James can give an explanation on that.
  • #138,143
  • Jan 10, 2016 4:04am Jan 10, 2016 4:04am
Quoting Calculus
It's not for free, nobody is asking for that. Rather instead of posting a historical chart showing a great trade, that chart can still be posted alongside the account statement to prove it was taken and the money was made. The charts can be posted many hours after the trade or even the next day. Surely a business has a real advantage if it can prove its product or service works rather than just talking about how it works and how great it is. A real money account stops all the talk and instead backs it up with proof. Surely everyone can spot the...
The trades in the private forum are live. Results are there for members to see.

But if you watch a few free webinars on offer here and have looked at the many years of charts traded and discussed, we can see these guys know how to trade and we can sure learn something. I imagine many people wouldn't be comfortable posting any sort of financial details on the net in this day and age. Security and personal safety would be one valid reason.

Mike will post the occasional live trade here. But we often post live trades here too.

But rather than hope to see a bit of paper, have a crack at some trades yourself. Test it out and see what you think. Post a chart, let's look at some trades friend.
'Fail to plan, plan to fail'
  • #138,144
  • Jan 10, 2016 4:06am Jan 10, 2016 4:06am
First time thread poster, little while reading. Started at post 1 and have got a couple of pages to read... Sorta... LOL
Wanted to say thank you for the insights into trading that I have gleaned already. Been messing with trading for over 2 years with stand still, well, mostly backwards growth. Ho Hum, I'm sure that's a very common outcome. But I am determined and will not quit unless I'm told to or forced to. Anyway, you guys have renewed my self belief in this and my desire to not give up. Thank you.
My goal is 20pips/day. Achieved so far to this point.
Now, on the GBPAUD monthly chart, I have been playing with the Fib and looking at confluence.
Was wondering anyone's thoughts on how to best play this out?
Am I overdoing this?
Am I reading too much into this?
Advice?
And where do we go now?
Cheers Pete
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  • #138,145
  • Jan 10, 2016 5:11am Jan 10, 2016 5:11am
Nobody is saying you can't learn some good material from whatever James16 is saying. But turning good material into long term profits is no way as simple or easy as 99% of vendors make out.

It's the lack of a real-time trading account where all talk is coming from. And if you think about it, it's harming his business, sorry I mean hobby. Surely if you really want to help people make money in this game you want more people (more monthly subs). To get more people you prove to them you're the real deal and there's only one way to do that, a real time trading account that can be verified.

Why is James16 therefore hurting his hobby/business by not publishing a real-time account?
Road To Wisdom? To err and err and err again, but less and less and less...
  • #138,146
  • Jan 10, 2016 5:39am Jan 10, 2016 5:39am
Quoting Calculus
Nobody is saying you can't learn some good material from whatever James16 is saying. But turning good material into long term profits is no way as simple or easy as 99% of vendors make out. It's the lack of a real-time trading account where all talk is coming from. And if you think about it, it's harming his business, sorry I mean hobby. Surely if you really want to help people make money in this game you want more people (more monthly subs). To get more people you prove to them you're the real deal and there's only one way to do that, a real time...
Personal reasons I guess.

But something to think about here is - if a successful live trading account is published, what does that mean for us as traders? Does it mean we too will be profitable? Err ding! No it doesn't. We've known for years that you can give 2 traders the same method and the results will vary, sometimes wildly. Be careful of putting hopes in others. We must take some responsibility and trust in ourselves. So git practicing.
'Fail to plan, plan to fail'
  • #138,147
  • Jan 10, 2016 5:53am Jan 10, 2016 5:53am
Same old stuff starts again, I can't understand why these people need James statement as he is not forcing to join. All the free stuff is here if you don't want to join then don't and leave it to others.But remember, members who have joined the PF are mostly satisfied and I am one of them.
  • #138,148
  • Jan 10, 2016 5:53am Jan 10, 2016 5:53am
Ok. Back to trading. Where is price going when market opens? hehe. Any takers? Calculus?

EUR/USD D1

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'Fail to plan, plan to fail'
  • #138,149
  • Jan 10, 2016 6:28am Jan 10, 2016 6:28am
All hello colleagues! We wait probity for the top horizontal level, then return and we buy? =) Excuse for my spelling. I write you from the translator.
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  • #138,150
  • Jan 10, 2016 6:32am Jan 10, 2016 6:32am
Re that chart.

I don't know of course but what I do know is next week is very important for the Daily Euro.

Longer term the market is still in shock from the big 2014 decline and during the majority of 2015 it didn't know what to do hence the range.

It's still very much a battle ground with the bulls and bears. The bulls will be thinking there should be some sort of retracement back to at least 1.2400 whereas the bears will be thinking of at least 0.9400 (start of the whole 2002 bull move). BOTH sides will be looking at the 2015 tight range as a possible clue they're right (bears saying the market hasn't reacted back so it's going down, bulls saying price has every chance to go lower but it hasn't). This is what makes trading so hard because both ideas are very valid.

Whatever the case if you're long term short I would remain short if you're bullish I wouldn't buy yet as price is right in the middle of the range and the big move and the beginning of Dec hasn't set the bullish tone alight. One clue to look out for re shorting next week is if we move lower down towards 1.0600 and price acts heavy but quiet, probabilities suggest all hell will break loose on the downside and we could go under 1.000 much quicker than anyone thought.

The best case for longs next week I think is if we get early strength, price pushing 1.1000 by Tuesday. if not then they'll be more daily weakness to add to the last 4 weeks of heavy price action on the weekly chart.

Note the early Dec push hasn't failed yet, price could be just playing possum, the boys trying to lure a few more shorts in (and buy from them!). So until that Dec push fails, I don't think it's a good idea to disregard the bull case. Remember, from a longer term prospective most of the bulls have thrown in the towel via that Oct-Dec 2015 move lower. The move also took many of the long term bulls out who were skilled (lucky) enoughg to buy into the Mar-May 2015 lows.

In fact the more you think about things the more the bull case might be the one to take because there are few bulls left, and there are a lot of shorts...

Like I said, next week is very important for the Euro.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #138,151
  • Jan 10, 2016 6:37am Jan 10, 2016 6:37am
Quoting zohaib
Same old stuff starts again, I can't understand why these people need James statement as he is not forcing to join. All the free stuff is here if you don't want to join then don't and leave it to others.But remember, members who have joined the PF are mostly satisfied and I am one of them.
Yes, you make a good point. This whole argument is as old as the hills and it will never go away.

No point in me adding anything more to the mix.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #138,152
  • Jan 10, 2016 6:50am Jan 10, 2016 6:50am
Quoting Calculus
Re that chart. I don't know of course but what I do know is next week is very important for the Daily Euro. Longer term the market is still in shock from the big 2014 decline and during the majority of 2015 it didn't know what to do hence the range. It's still very much a battle ground with the bulls and bears. The bulls will be thinking there should be some sort of retracement back to at least 1.2400 whereas the bears will be thinking of at least 0.9400 (start of the whole 2002 bull move). BOTH sides will be looking at the 2015 tight range as a...
Calculus. I'm sorry I asked! lol. Just joking. Thanks for your comprehensive analysis. I look forward to when price breaks long or short out of current consolidation, but in the mean time, i'll be looking for some intraday pips on the H4 this week. Good trading.
'Fail to plan, plan to fail'
  • #138,153
  • Jan 10, 2016 7:09am Jan 10, 2016 7:09am
Quoting Guitarbloke
Ok. Back to trading. Where is price going when market opens? hehe. Any takers? Calculus? EUR/USD D1 {image}
GB,

Good Idea

Here I shared my point of view,expect your view to fine tune myself.

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Adhav
  • #138,154
  • Jan 10, 2016 7:15am Jan 10, 2016 7:15am
Quoting Guitarbloke
{quote} i'll be looking for some intraday pips on the H4 this week.
If you're after pips next week then the 240m is a very inefficient way to go about earning them.

Remember this. ALL 240m moves start in the 5m. In fact, 80% of them start in the 1m...
Road To Wisdom? To err and err and err again, but less and less and less...
  • #138,155
  • Jan 10, 2016 7:20am Jan 10, 2016 7:20am
Quoting Calculus
{quote} If you're after pips next week then the 240m is a very inefficient way to go about earning them. Remember this. ALL 240m moves start in the 5m. In fact, 80% of them start in the 1m...
Efficient and profitable for me. Often with a fine tuned entry from lower TF's.
'Fail to plan, plan to fail'
  • #138,156
  • Jan 10, 2016 7:31am Jan 10, 2016 7:31am
Quoting Adhavan
{quote} GB, Good Idea Here I shared my point of view,expect your view to fine tune myself. {image} Adhav
Looks possible Adhav. That current (Fridays) bar with the long wick probably absorbed some buyers, and this bar closed below Thursdays bar. Price may fall a little back down that wick which may well be the path of least resistance. Late here. Gnight everyone.
'Fail to plan, plan to fail'
  • #138,157
  • Jan 10, 2016 7:46am Jan 10, 2016 7:46am
Guitar!

If I could go back 4 years when I started trading I probably would have 1 wish:
- Have a mentor, that is trading for a living and can prove it by a track record. That's it.
Because then I know I can take him seriously.

I can't tell you how many snakes I have seen and followed (even if only for a short time...). The problem is that they mislead people from the right path, ask money for things that you don't really need and are not worthy. The best example was DarkStar the "father" of Order Flow trading. He managed to get nice amount of followers here on FF,made a website, wrote a (relatively good) book, and then started to make "courses", he started to add fundamental trading in a creepy way to the normal TA (or at least it was useless for me), and then eventually became an alcoholic and blew up his website. I even heard rumors that he had a small track record with 100%+ return in a given year. But once again: Trader for a living? No. Then I don't care.

I don't care because if it is only a "hobby" it will stay as a "hobby". If you really want to make a living out of it you have to move to that "league". I have met many people over the years but sadly I only know 2-4 that are verifiable traders for a living.
The problem is that most of the commercials promise you to bringe you into this "league" while they are not actually traders for a living themselves.
And over my "trading career" i found that very misleading.

I believe there are different leagues:
- The demo traders. (profitable)
- The live traders. (profitable, but trading for a hobby)
- The live traders that trade for a living.

If you want to get to league 3 and there comes a person that says, "hey I can teach you, but no proof" (and I didn't even mention that they want money in exchange) I only can laugh at them... Not mentioning that I haven't really seen anybody managing 100k+ accounts on retail broker accounts with mt4 platforms...

The forums are good for one thing: Come up, exchange some ideas that you can interpret in your own way, and then get the hell out and trade yourself.


Cheers
S
It's all psychology...
  • #138,158
  • Edited 10:30am Jan 10, 2016 8:31am | Edited 10:30am
Quoting zohaib
Same old stuff starts again, I can't understand why these people need James statement as he is not forcing to join. All the free stuff is here if you don't want to join then don't and leave it to others.But remember, members who have joined the PF are mostly satisfied and I am one of them.
Bingo!) I was waiting for such post)
I see only those who blame without any proof but there is no one who payed money, became member of J16 & then spoke about waste of money or hype by Mike or James) Isn't it strange?
In fact, I don't need any evidence of real trading of Mike or James. Things, that they teach, really work, help to improve my trading system (7 months here, 4 days in PF changed practically everything). I don't need anything more, there is no holy grail in trading, no exact trading system, that can be accepted by everyone & works for everybody. There is only long process of learning & applying new knowledge to your personal way of trading. For me (and as I can see for many members in PF) J16 group is a great source for this particullary new & usefull knowledge.

Happy & profit trading to everyone)
  • #138,159
  • Jan 10, 2016 10:18am Jan 10, 2016 10:18am
come on guys do you really care about his statements ,theres some great stuff to be learned here ,
one thing in my mind is Mike is a logical thinker who inderstands the market very well with a structured management approach ,I can learn from
it is a big step up in education ,hope you can keep it up Mike ,


Quoting mbqb11
{quote} Thanks for the nice comments Bill it's much appreciated here is yesterdays trade. I think the explanation will help you. As for your usd/mxn, I don't like to trade breakouts long on a RISING tl, as often that rising TL like that indicates divergence or a lack of momentum and you could be buying into the selling Ask away any time bill https://youtu.be/o5qVD_80o_c
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #138,160
  • Jan 10, 2016 1:33pm Jan 10, 2016 1:33pm
Hello traders
This usdnok looks interesting, not a very large pinbar but some confluence with BRN and divergence
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