james16 Chart Thread | Page 180 | 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

  • #3,581
  • May 10, 2007 3:06pm May 10, 2007 3:06pm
Quoting the_wizard
Razl, you're right - that is a nice pin on AUD/USD.

I think the AUD/JPY cross looks good considering the Yen strength from late this afternoon and bearish divergence on the RSI.
That may be a nice PB, but your reward to risk is horrible.

I saw the same thing and I don't take these trades. It's probably right around .3 : 1...

The trendline and horizontal line is the zone where it might stall (target).
Attached Image (click to enlarge)
Click to Enlarge Name: 051007audjpy.jpg Size: 37 KB
Mr. Trend
  • #3,582
  • May 10, 2007 3:38pm May 10, 2007 3:38pm
Quoting Mr Trend
That may be a nice PB, but your reward to risk is horrible.

I saw the same thing and I don't take these trades. It's probably right around .3 : 1...

The trendline and horizontal line is the zone where it might stall (target).

AUDJPY had the same double 4h PBs as AUDUSD, but the second one was even higher than the first on AUDUSD. This should tell you which of the two is easier to beat down ;p

AUDJPY has insane carry potential, even AUDUSD makes okay interest. People are quite a bit more reluctant shorting when they have to pay big daily I'd hazard...

Gold has now broken down below the last bullish PB we had. My first potential target (C end hehehe) area of 664$ was hit, too. Next could be 655$ish, 648$ish...

Will look whether I see some bullish setups on daily around there..

We're also getting a daily BEOB on GJ and EJ / rebroke an IB on EJ down so far.
Trust price. Know yourself.
  • #3,583
  • May 10, 2007 3:49pm May 10, 2007 3:49pm
Quoting SeekingLight
AUDJPY had the same double 4h PBs as AUDUSD, but the second one was even higher than the first on AUDUSD. This should tell you which of the two is easier to beat down ;p

AUDJPY has insane carry potential, even AUDUSD makes okay interest. People are quite a bit more reluctant shorting when they have to pay big daily I'd hazard...

Gold has now broken down below the last bullish PB we had. My first potential target (C end hehehe) area of 664$ was hit, too. Next could be 655$ish, 648$ish...

Will look whether I see some bullish setups on daily around there..

We're also getting a daily BEOB on GJ and EJ / rebroke an IB on EJ down so far.
there are quite a few that have DBHLC and BEOB today. I have limit sells at their respective .382's...
Mr. Trend
  • #3,584
  • May 10, 2007 4:36pm May 10, 2007 4:36pm
Quoting Mr Trend
there are quite a few that have DBHLC and BEOB today. I have limit sells at their respective .382's...

If they turn out to be runaway renegades there might not be a .382

AUDUSD has begun joining Kiwi...from possible PB to perhaos BEOB now?..
Trust price. Know yourself.
  • #3,585
  • Edited 6:06pm May 10, 2007 5:05pm | Edited 6:06pm
And since I did EURCHF, same story at s/r for GBPCHF.

Just trying to pass time while the stuff runs so I'm not tempted to close out early ;P

And no, I'm not in all the setups I post

I only have two hands!

P.S. It'd obviously only be 35 for the stop from the PBs, if you took the DBHLC it's around twice as much..but it would have made a great confirmation of bearishness after the PB + PB + IB break to the downside.
Attached Image
Trust price. Know yourself.
  • #3,586
  • May 10, 2007 5:42pm May 10, 2007 5:42pm
Check this out, pin number 1, two consec matching lows 2. and now dbhlc, all on daily, its like a roadmap pointing SOUTH
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 45 KB
Never say never.
  • #3,587
  • May 10, 2007 5:50pm May 10, 2007 5:50pm
Coming off of a daily trendline to the downside. If it ends up a double high low close, it may be a nice move down...
Attached Image
Life is too short to have anything but delusional notions about yourself.
  • #3,588
  • May 10, 2007 5:56pm May 10, 2007 5:56pm
Great posting everyone. Last three posts were dead one. Nice analysis.
Mr. Trend
  • #3,589
  • May 10, 2007 6:36pm May 10, 2007 6:36pm
Quoting razldazl
Check this out, pin number 1, two consec matching lows 2. and now dbhlc, all on daily, its like a roadmap pointing SOUTH
GREAT POST!
  • #3,590
  • May 11, 2007 1:21am May 11, 2007 1:21am
Help! I have had MIG-Metatrader4 demo installed for a month and it has expired.....I remember reading on this thread, I think, that there's a way to renew the demo while retaining all the addtional indicators and templates which I have added during the month..........can anyone advise me how to do this?
Thanks in anticipation
B
  • #3,591
  • May 11, 2007 1:22am May 11, 2007 1:22am
Quoting attictrader
Help! I have had MIG-Metatrader4 demo installed for a month and it has expired.....I remember reading on this thread, I think, that there's a way to renew the demo while retaining all the addtional indicators and templates which I have added during the month..........can anyone advise me how to do this?
Thanks in anticipation
B
go to file and just do open an account

just sign up for new account

Mike
  • #3,592
  • May 11, 2007 1:29am May 11, 2007 1:29am
Thanks, Mike.

It was that easy!!
I am now set up in new account and am a happy chappy!
Now, just need to earn a few pips!
B
  • #3,593
  • May 11, 2007 1:31am May 11, 2007 1:31am
Quoting attictrader
Thanks, Mike.

It was that easy!!
I am now set up in new account and am a happy chappy!
Now, just need to earn a few pips!
B


Go get em!
  • #3,594
  • May 11, 2007 3:14am May 11, 2007 3:14am
Since stocks and the JPY are very correlated, here was the early warning..

Also would have made a great short with low risk at the doji close for the really aggressive trader, more conservative would have waited for that IB.
Attached Image
Trust price. Know yourself.
  • #3,595
  • May 11, 2007 3:33am May 11, 2007 3:33am
Quoting SeekingLight
Since stocks and the JPY are very correlated, here was the early warning..

Also would have made a great short with low risk at the doji close for the really aggressive trader, more conservative would have waited for that IB.
Ah seeking, I didnt realise pinbars could be traded the other way, but if you think about it, it does make a lot of sense so a "failed pin" is an ep in the opposite direction? Where would the ep be just below in this case? Raz
Never say never.
  • #3,596
  • May 11, 2007 3:48am May 11, 2007 3:48am
Quoting razldazl
Ah seeking, I didnt realise pinbars could be traded the other way, but if you think about it, it does make a lot of sense so a "failed pin" is an ep in the opposite direction? Where would the ep be just below in this case? Raz
I'm sorry, I don't know what you mean with "ep"?

It's not a PB at the high on the DAX, it's a doji. Different thing -> it's from candlesticks(has no proper nose, it's just an indecisive bar with even open/close and nowhere to go). In this case it's a bearish evening star formation or what it's called I believe, no idea, I personally called the formation "stiltman" (more examples/details in my journal).

And like I said, in this case it was a heads up, potentially tradeable only if aggressive and the real trades the IB downbreak / BEOB break after that.
Trust price. Know yourself.
  • #3,597
  • May 11, 2007 4:17am May 11, 2007 4:17am
Quoting SeekingLight
I'm sorry, I don't know what you mean with "ep"?

It's not a PB at the high on the DAX, it's a doji. Different thing -> it's from candlesticks(has no proper nose, it's just an indecisive bar with even open/close and nowhere to go). In this case it's a bearish evening star formation or what it's called I believe, no idea, I personally called the formation "stiltman" (more examples/details in my journal).

And like I said, in this case it was a heads up, potentially tradeable only if aggressive and the real trades the IB downbreak / BEOB break after that.
No, I got it wrong I wasnt talking about your doji, I mixed up IB for pin ,(I think my brain is on overload ) so I thought you were talking about that pin looking bar going in the wrong direction in the middle there when you were talking about an inside bar, uffffff good thing its friday....sorry about that, Raz
haha just realised we are talking about the same bar your inside bar and my upside down pin lol I really am losing it...
Never say never.
  • #3,598
  • May 11, 2007 12:24pm May 11, 2007 12:24pm
patience and discipline and ANYONE reading this thread can make money in this market if you put the time and energy into learning what James teaches

this one was easy as cake
Attached Image
  • #3,599
  • May 11, 2007 12:31pm May 11, 2007 12:31pm


Quoting mbqb11
patience and discipline and ANYONE reading this thread can make money in this market if you put the time and energy into learning what James teaches

this one was easy as cake
  • #3,600
  • May 11, 2007 12:36pm May 11, 2007 12:36pm
Example Chart
Attached Image
70 traders viewing now