james16 Chart Thread | Page 7138 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #142,741
  • Feb 24, 2019 3:23am Feb 24, 2019 3:23am
Quoting GeraltofLA
I have a question about leverage. I have been trading a demo account with thinkorswim which has as its smallest order a micro lot (10,000) If I plan on funding an account with around $5000 when I go live in a few months will the leverage kill me? Should I switch to OANDA? They allow smaller order sizes and I have been doing demo with them on MT4 as well, just not quite as familiar with it yet. Just wanted some input on managing risk here. Thanks. -R
You are demoing a futures a/c, if you don't have the capital you can link an fx broker like FXCM or Oanda.
  • #142,742
  • Feb 24, 2019 3:24am Feb 24, 2019 3:24am
Quoting GeraltofLA
I have a question about leverage. I have been trading a demo account with thinkorswim which has as its smallest order a micro lot (10,000) If I plan on funding an account with around $5000 when I go live in a few months will the leverage kill me? Should I switch to OANDA? They allow smaller order sizes and I have been doing demo with them on MT4 as well, just not quite as familiar with it yet. Just wanted some input on managing risk here. Thanks. -R
You are demoing a futures A/c. If you don't have the capital you can link to an fxbroker like FXCM or Oanda.
  • #142,743
  • Feb 24, 2019 3:30am Feb 24, 2019 3:30am
EURNZD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
  • #142,744
  • Feb 24, 2019 10:02am Feb 24, 2019 10:02am
Hi guys. Its been a while but Ive been busy with work. I hope you are ok.
In your opinion why the 02/18 pb did not work?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190224-165750.png Size: 139 KB
  • #142,745
  • Feb 24, 2019 1:28pm Feb 24, 2019 1:28pm
Quoting sirovai
Hi guys. Its been a while but Ive been busy with work. I hope you are ok. In your opinion why the 02/18 pb did not work? {image}
The pinbar isn't the same on my feed. Pinbars don't just work, all a pinbar shows is that price has retraced from an area, there are lots of other things to consider, they've been repeated enough on here so I don't think I need to tell you. It's just a matter of weighing up whether there are enough factors to put the odds in your favour. Saying that, you could have traded that pinbar, looking at my 4 hour chart you can see price moved down 31 pips before retracing up to the top of the pinbar, which incidentily was only 47 pips away, so there was plenty of room to take some profit/move your stop down etc if that's how you want to trade them.

NZDJPY Daily chart

Attached Image (click to enlarge)
Click to Enlarge Name: njd.png Size: 27 KB


NZDJPY 4 hour chart

Attached Image (click to enlarge)
Click to Enlarge Name: nj4.png Size: 30 KB
  • #142,746
  • Feb 24, 2019 2:10pm Feb 24, 2019 2:10pm
Just to follow up to Alphacs great post and in response to a pm
file:///C:/Users/A/OneDrive/Desktop/'How%20To%20Read%20Structure%20(Charts)%20Tutorial.%20Charts%201-5'%20by%20trader%20Alec40%20%E2%80%94%20published%20May%2026,%202017%20%E2%80%94%20TradingView.html
  • #142,747
  • Feb 24, 2019 2:59pm Feb 24, 2019 2:59pm
Quoting mallee
Just to follow up to Alphacs great post and in response to a pm file:///C:/Users/A/OneDrive/Desktop/'How%20To%20Read%20Structure%20(Charts)%20Tutorial.%20Charts%201-5'%20by%20trader%20Alec40%20%E2%80%94%20published%20May%2026,%202017%20%E2%80%94%20TradingView.html
Thanks alphac and mallee! malle this link doesn't work for me.
  • #142,748
  • Feb 24, 2019 4:23pm Feb 24, 2019 4:23pm
How about shorting USDJPY ?

https://comparic.com/inside-bar-25022019/
Attached Image
It's tough to make predictions, especially about the future...
  • #142,749
  • Feb 24, 2019 5:04pm Feb 24, 2019 5:04pm
Quoting sirovai
{quote} Thanks alphac and mallee! malle this link doesn't work for me.
Sorry S. try this
https://www.tradingview.com/chart/GB...al-Charts-1-5/
  • #142,750
  • Feb 25, 2019 1:49pm Feb 25, 2019 1:49pm
Brent Daily chart, 2 day BEOB

Attached Image (click to enlarge)
Click to Enlarge Name: brd.png Size: 47 KB
  • #142,751
  • Feb 25, 2019 7:50pm Feb 25, 2019 7:50pm
Quoting alphac
Brent Daily chart, 2 day BEOB {image}
and you had pinbar before the BEOB. If you had played it conservatively you would have entered on the break of the pinbar and made some good money so far. It is also an area of confluence previous resistance/support across the chart. Nice trade
  • #142,752
  • Feb 26, 2019 7:55am Feb 26, 2019 7:55am
GBPJPY Daily chart

Attached Image (click to enlarge)
Click to Enlarge Name: ujd.png Size: 44 KB
  • #142,753
  • Feb 26, 2019 8:24am Feb 26, 2019 8:24am
Hello guys! I'm still alive! And I still continue trading on the demo account. I trade only D1 chart and only pin-bars. Here is my latest gbp/usd trade (+110 pips). I have been trading for 4 months and finally began to make a profit. I'm not trading on H4 yet, but want to know Your opinion about this setup.

P.S. Hard work and dedication! Good luck to all!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 27 KB
Click to Enlarge Name: Screenshot_2.png Size: 25 KB
  • #142,754
  • Feb 26, 2019 10:02am Feb 26, 2019 10:02am
Alphac i wait for PA at 149 area on GBP/JPY and the 70 area for brent

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-d1-international-capital-markets.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: xbrusd-d1-international-capital-markets.png Size: 29 KB


Aleks good for you for trading only D1; about GBP/JPY it's not my type of trade but if works for you it's all that matter
  • #142,755
  • Feb 26, 2019 10:27am Feb 26, 2019 10:27am
Quoting alphac
GBPJPY Daily chart {image}
Now that price has pushed further through the S & R area a sell is a lot more appealing.

Brent had retraced to the lows on the left, just need some PA to sell or add to sell.
  • #142,756
  • Feb 26, 2019 12:42pm Feb 26, 2019 12:42pm
USD/CHF H4 waiting for PA at 1.00 area

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h4-international-capital-markets.png Size: 24 KB
  • #142,757
  • Mar 4, 2019 12:29pm Mar 4, 2019 12:29pm
GBP/AUD H1 box
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-h1-fxpro-financial-services.png Size: 26 KB



SP500 H4
Attached Image (click to enlarge)
Click to Enlarge Name: usspx500-h4-fxpro-financial-services.png Size: 26 KB
  • #142,758
  • Mar 6, 2019 5:33am Mar 6, 2019 5:33am
GbpAud
Price is at the 1.87 BRN which is also a PPZ area.
Looks like price has formed a possible Triple-Top at the top of a Bearish Flag formation.
I'm short from here targeting 1.77.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDMonthly.png Size: 60 KB
Keeping it Simple
  • #142,759
  • Mar 8, 2019 2:44am Mar 8, 2019 2:44am
Hi guys, what do you think about EURCAD? That its a big red candle..

weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: 1s.PNG Size: 77 KB

daily:
Attached Image (click to enlarge)
Click to Enlarge Name: 1d.PNG Size: 73 KB

4H:
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.PNG Size: 58 KB
  • #142,760
  • Edited 10:26am Mar 8, 2019 10:12am | Edited 10:26am
Hello guys,
I'm one of those that have to thank Jim for showing me the light when in 2008 I almost quitted trading. He changed my life, but I'm writing this post because I would like to see some things clearer.

I was a commercial member in the forum, which is offline now. I can say that I lost my money, since the initial videos were more than enough to understand how Jim was analyzing the charts. I feel a little bit scammed, to be honest, but it's ok.

Don't know why, but even if today I'm satisfied with my trading, in the last few days I wanted to search more about Jim, and someone says it was a scammer.

The emails he sent from time to time seemed sincere, but what I don't understand is why he totally disappeared and gave the website to run to someone I suspect was not trading for a living. Nice guy, but I'm pretty sure he was not trading for a living.

Is there anyone who can clarify everything and tell me who is Jim? Anyone ever met him personally?

Whatever I will read I still have to thank him, and I'm not the only one
70 traders viewing now