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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

  • #139,961
  • Dec 16, 2016 3:05pm Dec 16, 2016 3:05pm
Placing an equity trade on ANW: BEOB at swing high with divergence on MACD, entry on retrace (watching out for the FTA, and target shown in pic).
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  • #139,962
  • Dec 16, 2016 6:41pm Dec 16, 2016 6:41pm
Let see how this one works out.Only 1.5% risk, fakeout, ppz, BRN...12h beob(if you need).... Hey Mike, I know what I have to do if the price goes in my favor or against me (20.50 does not hold as res). Thank you very much for your priceless webinars. BTW, same story in 2-23-16 webinar minute 6:45
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  • #139,963
  • Dec 18, 2016 9:25am Dec 18, 2016 9:25am
Quoting iuliu00
Let see how this one works out.Only 1.5% risk, fakeout, ppz, BRN...12h beob(if you need).... Hey Mike, I know what I have to do if the price goes in my favor or against me (20.50 does not hold as res). Thank you very much for your priceless webinars. BTW, same story in 2-23-16 webinar minute 6:45 {image}
thanks for the kind words

The best thing one can do is focus on risk in trading. Manage that risk, cut out on your ideas that don't work and it keeps you in the game
  • #139,964
  • Dec 18, 2016 9:39am Dec 18, 2016 9:39am
Mike just curious what happened to the old timers ? Like raczek ,Joel, storage pro, seeking light and bundy? They still on the pf?
  • #139,965
  • Dec 18, 2016 10:16am Dec 18, 2016 10:16am
Quoting mbqb11
{quote} Hey Hendz If you are going to use such tight stops then you need to be pinpointing your areas as best as possible. Yes some will start on a higher timeframe and work down to do this. Although most will struggle doing this because they are taking on a lot more information. What's best is to trade off the same timeframe you are looking for your price action on. Then pinpoint your entry. For example entering as CLOSE to the pivotal area as possible. This is a good way to get tighter stops. Best Mike
 
I don't know, Mike. I think I know what is it.
Already backtesting it. But not really sure about this. I will live trading demo account with this touch trade. If I can make it almost no loss, I will go with real account on January.
Now, I think my indicators just useless. But it help me a lot when I try to learn Jim's stuffs.
 
Thank's Mike.
But I'm just not sure about what will happen to USD. Many people said that it will be collapsed. Do you believe it Mike?
 
This people are
Robert Kiyosaki
Mike Maloney 
I think the President Donald Trump also.
 
Even I'm Indonesia but  when I trade I use USD for my balance.
RIP RTM
  • #139,966
  • Dec 18, 2016 10:27am Dec 18, 2016 10:27am
Hello. I am new in this thread. And here is a lot of information to read. What do you suggest to start with?
  • #139,967
  • Dec 18, 2016 10:35am Dec 18, 2016 10:35am
Quoting BroX
Hello. I am new in this thread. And here is a lot of information to read. What do you suggest to start with?
IMHO just read it slowly. Jim's chart is good to watch it about 30 seconds.
If you are bored with reading, try search on Google this james16.pdf you can also go to Jim's website.
But, when I did it before, I just didn't believe what I look. This thing must be read slow and repeating.
 
I'm also new here. Just about six months.
Welcome.
RIP RTM
  • #139,968
  • Dec 18, 2016 11:09am Dec 18, 2016 11:09am
Hey Mike,
Let me show you how much valuable info you put into your webinars! After I watched 5-6 webinars I understood your are saying the same thing in every one(only the charts are different). Your tools are simple stuff with very much common sense and putting together with MM, dynamic RR(this is very important) and trade management are making the difference between a BE trader ( which I used to be) and a profitable one. I am not afraid to take a trade anymore. It could be a small loss, a small win or a big win!.... I zoomed in the chart to have a better view about my entry, sl, tp only. Please ignore the current trade , I m talking about the previous one, small win. How much is the probability the price to make a retrace after this big bearish bar?How is the close of this bar and where?How much risk to put on this setup? Where to take profit? Thank you Mike, thank you very much! Please excuse my english.
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  • #139,969
  • Dec 18, 2016 11:20am Dec 18, 2016 11:20am
Where can I find webinars?
  • #139,970
  • Dec 18, 2016 11:29am Dec 18, 2016 11:29am
Quoting iuliu00
Hey Mike, Let me show you how much valuable info you put into your webinars! After I watched 5-6 webinars I understood your are saying the same thing in every one(only the charts are different). Your tools are simple stuff with very much common sense and putting together with MM, dynamic RR(this is very important) and trade management are making the difference between a BE trader ( which I used to be) and a profitable one. I am not afraid to take a trade anymore. It could be a small loss, a small win or a big win!.... I zoomed in the chart to have...
 
IMHO what I see is divergence. And the trend is go up. (May be, I'm still new here). I hope this not on real account. If you want to use trend line to your basic, please understand the divergence. I think Mike knows this more. I don't know may be I'm wrong.
 
Just hope you on the right track.
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RIP RTM
  • #139,971
  • Dec 18, 2016 11:33am Dec 18, 2016 11:33am
Quoting hendzwoter
{quote} IMHO just read it slowly. Jim's chart is good to watch it about 30 seconds. If you are bored with reading, try search on Google this james16.pdf you can also go to Jim's website. But, when I did it before, I just didn't believe what I look. This thing must be read slow and repeating. Â I'm also new here. Just about six months. Welcome.
So you suggest me to start reading this from the first page?
  • #139,972
  • Dec 18, 2016 11:37am Dec 18, 2016 11:37am
Quoting BroX
Hello. I am new in this thread. And here is a lot of information to read. What do you suggest to start with?
The thread is so big! You are better to find the main senior posters, and search through their images and posts, try and look out for:

Mbqb11
James16,
joelcf,
Ghous,
Raczekfx,
storagepro,
bundryraider,
Tiaforex.

Just search through 'pin bar' 'breakout' 'divergence' and things like that, should shorten the learning curve!
  • #139,973
  • Dec 18, 2016 11:43am Dec 18, 2016 11:43am
Quoting Ir1sh
{quote} The thread is so big! You are better to find the main senior posters, and search through their images and posts, try and look out for: Mbqb11 James16, joelcf, Ghous, Raczekfx, storagepro, bundryraider, Tiaforex. Just search through 'pin bar' 'breakout' 'divergence' and things like that, should shorten the learning curve!
Thank you for information. I will start with eading the posters you named
  • #139,974
  • Dec 18, 2016 11:43am Dec 18, 2016 11:43am
Quoting iuliu00
Hey Mike, Let me show you how much valuable info you put into your webinars! After I watched 5-6 webinars I understood your are saying the same thing in every one(only the charts are different). Your tools are simple stuff with very much common sense and putting together with MM, dynamic RR(this is very important) and trade management are making the difference between a BE trader ( which I used to be) and a profitable one. I am not afraid to take a trade anymore. It could be a small loss, a small win or a big win!.... I zoomed in the chart to have...

Hey mate,

You have the right idea, imo, in that you are wanting to enter on a retrace to a nice s/r pivot. IMO though it's best to enter trades like this when the pullback to the s/r level is close by , as opposed to quite far away in this case, pic attached
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  • #139,975
  • Dec 18, 2016 12:14pm Dec 18, 2016 12:14pm
Quoting Ir1sh
{quote} Hey mate, You have the right idea, imo, in that you are wanting to enter on a retrace to a nice s/r pivot. IMO though it's best to enter trades like this when the pullback to the s/r level is close by , as opposed to quite far away in this case, pic attached {image}
Hey hendzwoter and Ir1sh,
Thank you for your quick answers...but I`m talking here about another trade I already closed it with a small profit. It is not about how to trade a beob on retrace. I entered long on the close of this big bearish bar not short on retrace. It is another kind of setup. Short on retrace is the current trade I`m in(post 139962)
Btw Ir1sh, I would take the setup from the left drawing as well, if I have enough confluences but with a much smaller risk because of the deep retrace.
  • #139,976
  • Edited 12:27pm Dec 18, 2016 12:17pm | Edited 12:27pm
Yeh the setup on the left would be absolutely fine imo if there was enough space ! I just meant that for a retrace entry it's best to enter with momentum ( I could be wrong though lol.


do you have an example of the kind of bar you are referring to ?


Ps I just had a look at the USDMXN Chart and I actually think that's a great entry , my mistake !


i guess you mean if you don't enter on a retrace but just immediately enter , what are the chances of it retracing , ultimately , I don't think anybody knows ! I think it's a personal choice of whether you want to risk missing the big move to get a better price!

As long as there is confluence , space and a good strong bar I don't think it matters hugely though
  • #139,977
  • Dec 18, 2016 12:24pm Dec 18, 2016 12:24pm
Here is another one,
Fakeout, TL.. another conflunces... 52.00 ish...let see how the market opens. If the TL doesn`t hold then bye bye, さよなら!
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  • #139,978
  • Dec 18, 2016 2:16pm Dec 18, 2016 2:16pm
Quoting BroX
Where can I find webinars?
https://www.james16group.us/. You can find everything you need there, tutorials, webinars...go on private area, it worth it, don`t waste your time like I did for 2-3 years...
  • #139,979
  • Dec 18, 2016 2:23pm Dec 18, 2016 2:23pm
GBP/SGD H4 is in a box; the top of the box is resistance from the past; great area to watch for price action at the top of the box
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AUD/CAD the price is in a falling wedge; the 0.97 PPZ is a great area to watch for price action
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P.S. iuliu great trade(USD/MXN) although this is a touch trade. I think for a newbie is not indicated this type of trade. IMO a newbie must learn to trade first with triger(pinbar, outside bar, inside bar)

BroX from What Irish told you i can add the free webinars that you can find on youtube https://www.youtube.com/user/J16group
  • #139,980
  • Dec 18, 2016 2:35pm Dec 18, 2016 2:35pm
Keep an eye on TSX60:

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