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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

Quoting Guitarbloke
{quote} I wouldn't expect such a service for free Calculus. This is happening now on the private forum. Along with so much more useful trading info. Page 1 post 1 of this thread is enough to get a savvy trader far. If unsuccessful, the problem is one of 2 things. The method, or the trader. And only the trader can know which. Best wishes, GB.
Wow. The poop has hit the fan whilst i've been on my weekend!
After reading through the past few pages, there is and obvious question that comes up for me.

1. GB, can you please elaborate a little on what you have said here: "This is happening now on the private forum"...
Is there a full, live and transparent trading account from Mike/James/Kevin on the PF or just a couple of live trades posted per week or something in-between? What exactly do you mean by your statement. This could really clarify things for the transparency doubters.

Bill
Quoting demp
Hello traders This usdnok looks interesting, not a very large pinbar but some confluence with BRN and divergence {image}
spicy weekend in here lol

Like I always say you like what we do you'll hang out if you don't plenty of other places to hang. We will continue to help and show our experiences to traders

As for your chart demp, be careful I think the nok will head down but you are fighting a lot with such a tiny bar. You are much better off looking for a stronger tipping point then a bar like this. Mostly because the trade mgmt on a situation like this is very difficult having little to work on. I'd pass on this one. If price can start closing under the 8.8 I'd be much more convinced of continued bearishness


Hope that helps
Mike
Quoting 4ernobyl
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. {image}
Welcome 4ernobyl. I agree with your levels on your chart. No English necessary lol. Let us see what price will do.

Lamer trader. You are right to be cautious. I agree with your point that we can take what we need and become our own trader. We must find our own way and steer the ship. I am learning lots, and taking something useful from being here on the J 16 crew. It's in the nuances. Yo!

Bill. The J16 site has begun a trade alert and live trade ideas thing that are emailed or SMS'd to members with updates along the way, including video of live trade idea on the site. I'm a new member and from what I understand it is a new idea the guys are trying out. Dunno if it's once per week or more, haven't looked as I'm ensconced in hours of webinars at the moment. Members can opt in and follow along if they wish, or at least view the set-up and agree or not with the trade. I think there is a blurb on it if you visit the site. But this is not a deal breaker for me. The multitude of long webinars from people who know a thing or two with different takes on J 16 method are really upping my learning curve. For me, it's a small outlay for info I see is helping me move forward with my trading. If I was unimpressed, I'd be telling people......'I'm unimpressed, stick with the free stuff'. But I am impressed so far and find it useful. Either way has been and is a move forward for me.

It is blindingly obvious to me that there is stuff I can learn here from more experienced heads than me.

Plenty of pips out there to be had again this week! Good trading all. GB.
Undisciplined, impatient and unruly. Don't follow me kid.
Quoting Guitarbloke
{quote} Welcome 4ernobyl. I agree with your levels on your chart. No English necessary lol. Let us see what price will do. Lamer trader. You are right to be cautious. I agree with your point that we can take what we need and become our own trader. We must find our own way and steer the ship. I am learning lots, and taking something useful from being here on the J 16 crew. It's in the nuances. Yo! Bill. The J16 site has begun a trade alert and live trade ideas thing that are emailed or SMS'd to members with updates along the way, including video...
GB I am aware of all you have said here regarding the live trades but going on some of the discussion on the previous pages, i thought there might have been more "proof" of regular and sustained profits from the mentors on the new site that you could share with the masses. It appears i have misunderstood that part of the conversation.

The webinars are what i am most looking forward to on the PF. I've seen a few and they were quite good!
Thanks
USD/JPY D1 PB. Cool gap down kicking things off. Target next low. BE and locking some profit in soon.

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GBP/USD D1 BEOVB. Price has closed below weekly and monthly support and now resistance. I'm looking for new resistance to maintain a buffer against price moving up and taking me out. Target next monthly low. Are you still looking at this one Bill?

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Undisciplined, impatient and unruly. Don't follow me kid.
Quoting Bill618
{quote} GB I am aware of all you have said here regarding the live trades but going on some of the discussion on the previous pages, i thought there might have been more "proof" of regular and sustained profits from the mentors on the new site that you could share with the masses. It appears i have misunderstood that part of the conversation. The webinars are what i am most looking forward to on the PF. I've seen a few and they were quite good! Thanks
G'day Bill. I'm not aware of any financial statements/proof of earnings being offered. For me, that doesn't interest me. I look at my J 16 experience like I would a chart. I zoom out. And I see stuff more useful and interesting to me than someone's profit/loss statement. I suppose those could be fabricated anyway. So, nope haven't seen one or asked. It's not my focus. But it's obviously a concern to a few here, so run it by Mike. GB.
Undisciplined, impatient and unruly. Don't follow me kid.
Quoting Winston Reed
{quote} ​It matters Guitarbloke. It shouldn't be a crime to request evidence of profitability. Sure one can deny to provide evidence. America is a free country so far. But the denial is evidence in itself that something is awry. One can obtain education in nursing, architecture, engineering or a trade such as welding, electrician or plumbing and guess what. You absolutely know that when you graduate you will in the vast majority of cases obtain employment that will result in a paycheck. If you invest in any other legitimate fund you can request...
This debate has been going on for years, literally. As far as I know, no evidence has ever been provided of any profitability, but on the other hand, maintaining a fairly well reputed thread and pay service for this many years would be highly unlikely if it did not in fact proide value to members.

I'm not a paying member, have never been and probably never will be as I already know how to trade consistently and profitably, but I certainly learned quite a bit from especially mbqb11 when I was starting out years ago.

Based on the longevity of J16 I would say that the group is not likely to be a scam, although of course some kind of actual verifiable trading record would have been nice. Then again, anyone who chooses to join does so of their own free choice and if they were very unhappy it only stands to reason that this forum or other forum's would tell the tale.
Quoting o990l6mh
{quote}...but on the other hand, maintaining a fairly well reputed thread and pay service for this many years would be highly unlikely if it did not in fact proide value to members.
Not necessarily. Take a look at "Honest Forex Signals". They're scammers who have operated for years because they send different signals to multiple users - one group just happens to be profitable within a particular month and believe the signals are godsend. The other group of traders who lose money are blamed for not following the rules. Their system is a loser. They continue to operate because they have enough shills to badmouth anyone who speaks up, and they continually game the review sites like Forex Peace Army.

Oddly enough, I don't see this level of naivety on other forums where users predominantly trades futures, options, or equities. It seems to be unique to forex traders and may have something to do with the extremely low barrier to entry as it tends to attract traders who are less astute.
Quoting Guitarbloke
{quote} So, nope haven't seen one or asked. It's not my focus. But it's obviously a concern to a few here, so run it by Mike. GB.
It's not a concern of mine nor my focus either. I'm trying to bring the besieged and the unhappy together in a peaceful, tranquil and harmonious union of love

There's no doubt that some sort of trading history/prospectus would help eradicate any negativity and at the same time triple (or better) their membership but i tend to agree with o99016mh that after 10 years this thread/business would be dead and buried by now if it was a scam. The only question you have to ask yourself is whether it is value for money. If yes, you join. If no, you move on.

On to trading:
Nice Wedgie!
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Quoting Bill618
{quote} It's not a concern of mine nor my focus either. I'm trying to bring the besieged and the unhappy together in a peaceful, tranquil and harmonious union of love There's no doubt that some sort of trading history/prospectus would help eradicate any negativity and at the same time triple (or better) their membership but i tend to agree with o99016mh that after 10 years this thread/business would be dead and buried by now if it was a scam. The only question you have to ask yourself is whether it is value for money. If yes, you join. If...
Yes, agree with you Bill.

P.S. I'm in GBP/USD we were talking about last week. Chart posted above.

Let's see folks post some charts and let their trading do the talking! lol.
Undisciplined, impatient and unruly. Don't follow me kid.
Quoting Guitarbloke
{quote} Yes, agree with you Bill. P.S. I'm in GBP/USD we were talking about last week. Chart posted above. Let's see folks post some charts and let their trading do the talking! lol.
I see that GBP/USD has this morning fallen short of my retraced sell order of 1.45900. Damn!
Oh well, i really hope it charges South from here on for you GB. I'll keep a lazy eye on it and still may get in somewhere.
  • Post #138,172
  • Quote
  • Edited Jan 11, 2016 3:56pm Jan 10, 2016 8:21pm | Edited Jan 11, 2016 3:56pm
CAD/SGD D1 BEOB in downtrend.
If it continues downward, i will bring SL to profit before getting to the first major trouble area (blue).

UPDATE: Good profit taken at end of day.
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Hi,

Anyone looking this one...I am not much familiar with retrace entry, so enter at high of previous week bar..

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Adhav
Quoting Adhavan
Hi, Anyone looking this one...I am not much familiar with retrace entry, so enter at high of previous week bar.. {image} Adhav
Hey Ad

I've been watching this box for awhile now(just like the euro). But i'm not excited about this situation. I would have wanted price to retest the 7500 before getting this buob. Also this BUOB closed at/near the high. That's often a sign of reversal too. I'm watching it but only for more information. Big area we could work around even if we do go higher

Best
Mike
Quoting mbqb11
{quote} Hey Ad I've been watching this box for awhile now(just like the euro). But i'm not excited about this situation. I would have wanted price to retest the 7500 before getting this buob. Also this BUOB closed at/near the high. That's often a sign of reversal too. I'm watching it but only for more information. Big area we could work around even if we do go higher Best Mike
Hi Mike,

Thanks for the valuable information

"BUOB closed at/near the high. That's often a sign of reversal too"

Adhav
USD/CHF H4 IB. Hitting FTA. See if he can break through.

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Undisciplined, impatient and unruly. Don't follow me kid.
AUD/CHF BUOB after a decent PB earlier. Missed the retrace though (that will learn me for being impatient)!

UPDATE: Decided to sell at the VBRN of 0.70000.
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if everything works wright, i make a video on eur/usd. watch it here
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Good to see u back in the game Leo!
Undisciplined, impatient and unruly. Don't follow me kid.
HI mike, how u doin!
what do you think of this BUOB!
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